#331. Dad, what is status anxiety?
It is the constant fear of being perceived as “unsuccessful” by society in terms of material wealth.
Credit Card
#317. Dad, is it OK to shop on Boxing day?
Yes, as long as you temper your spending and don’t go into debt.
#207. Dad, what is the “ten second” rule?
DAD: Any time you are about to spend money, count to ten slowly and consider how this purchase may impact your life.
#203. Dad, what is the debt snowball method?
DAD: This method helps you to pay off debts with the smallest amount owed first.
#185. Dad, does spending less equate to less joy?
On the contrary, spending less brings more joy.
#128. Dad, how much debt do Canadian households owe ?
Canadian households owe $1.71 for every dollar they earn. Scary.
#105. Dad, what is the “30-day rule!”
When making large purchases, use this rule to decide whether the item is a need or a want.
#97. What is #3 rule of money?
Pay your credit card balance in full every month.
#91. Dad, what is a credit card?
A credit card is money that does not belong to you. It is not free, and the longer you take to pay it off, the […]
#89. Dad, do you have advice about getting out of debt?
Just get started.
#85. Dad, what are the main financial challenges facing Millennials?
Most Millennials are weighed down by student debt, the high cost of housing and bleak career prospects.
#44. Dad, when do most people over spend their income?
DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much entertainment
#35. Dad, what does it mean to have a healthy relationship with money?
When you develop a healthy relationship with money, you don’t spend money on needless stuff.
#32. Dad, what is “Black Friday”
Sadly, “Black Friday” is the day we trample people for things we don’t need, the day after being thankful for what we have.
#26. Dad, is the goal financial independence?
It is important to recognize that your financial situation should be a side effect of pursuing a greater purpose. Financial independence is not your aim; […]
#13. Dad, what is lifestyle inflation?
Lifestyle inflation is when you keep increasing your lifestyle as your income grows. That is why so many wealthy people are in debt. Beware of […]
#1. Dad, this money thing is so boring. I prefer not to know.
DAD: When it comes to understanding money, ignorance is not bliss.