Updating your net worth spreadsheet can be an exciting affair. Nothing quite like getting a dopamine rush as you watch the numbers tick up, bringing financial independence firmly into focus. Another dollar, another step closer to leaving the cubicle behind. There is no doubt the absolute number is an important starting point. So is analyzing …
Financial independence can be confusing. Spend even a little time on a personal finance blog or Facebook group and you will soon get lost amongst all the novel concepts, acronyms, and alternatives. You don’t have to be a genius to figure out that this rarely ends well. Motivated to reach financial independence as quickly as …
Keeping It Simple: Build Wealth With The 80 – 20 Rule Read More »
Back in my teenage days, the only real way to get some quality information was to shlep over to the library. Yes, we did have internet back then (I’m not THAT old), but it was still nascent, slow, and frankly, there wasn’t much quality content online back in the day. So if you wanted to …
Higher taxes are on the way. Regardless of how you feel about it, it’s a fact. A history of public deficits across the developed world, combined with a massive Covid-19 bill, means that governments will need to seek new sources of revenue. Unfortunately, the increase in the tax burden will likely fall on individuals. Let’s …
Higher Taxes Are Coming – Here’s What To Do About It Read More »
Back in my undergrad days, you would struggle to find a more depressing sight than that of accounting major lugging around the latest version of the Income Tax Act. Suffice to say that one look at the 1,000+ page tome (part 1 of 2, no less) was enough to scare this finance major out of …
The Really Boring (And Highly Effective) Way To Get Rich Read More »
Solving for the best way to reach financial independence can be a frustrating exercise. Inevitably, it involves making some hard decisions about your current lifestyle and spending habits. And while the good life is certainly there for the taking, it sure feels like it’s far, far away. As anyone who has ever run the spreadsheet …
Want To Reach Financial Independence Faster? Multiply Your Number By 10 Read More »
Tuck the kids into bed. Kiss your significant other good night. Slide under the covers, close your eyes and wait for the magic to happen. “Make money while you sleep” Ahh, the holy grail of financial independence. A present-day Noah’s Ark, keeping you afloat no matter how bad things get. Hardly any conversation involving financial …
As I was approaching my final years of university in the early 2000s, things weren’t looking pretty on the job front. The dot-com bubble burst just a few years ago, leading to a downward spiral in the stock markets and slim job prospects for new graduates. When I finally managed to land an entry-level job …
