Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.
DAD: The things that make life great can’t be bought. Money can only help extend your options.
DAD: Any time you are about to spend money, count to ten slowly and consider how this purchase may impact your life.
DAD: This method helps you to pay off debts with the smallest amount owed first.
DAD: On the contrary, spending less brings more joy.
DAD: Don’t finance things that go down in value
DAD: Learn to exercise self control and delay purchases until you can pay in full with cash.
DAD: Canadian households owe a $1.71 for every dollar they earn. Scary.
Be mindful of how you spend money
DAD: Just get started.
DAD: Assess the damage. Understand the root cause. Change your habits today
DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much entertainment
Tackle smaller balances first. This builds momentum and there are psychological reward to doing it this way.
We don’t have to continue holiday traditions that leave us overwhelmed, broke and tired. Traditions should not detract from the season, they should elevate it.
When you develop a healthy relationship with money, you don’t spend money on needless stuff.
A need is something you have to have. A want is a choice.
Yes. You can buy anything you desire – as long as you have saved for it first.
Giving up temptation for long term benefit.
DAD: When it comes to understanding money, ignorance is not bliss.