#362. Dad, what is the avocado toast problem?
Avocado toast is not the problem. It is about unnecessary expenses that prevent us from achieving our financial goals.
#362. Dad, what is the avocado toast problem? Read Post »
#331. Dad, what is status anxiety?
It is the constant fear of being perceived as “unsuccessful” by society in terms of material wealth.
#331. Dad, what is status anxiety? Read Post »
#317. Dad, is it OK to shop on Boxing day?
Yes, as long as you temper your spending and don’t go into debt.
#317. Dad, is it OK to shop on Boxing day? Read Post »
#304. Dad, my finances are a mess.
Congratulations! You have taken the first step to acknowledging that you have a problem. The rest can be managed with
#304. Dad, my finances are a mess. Read Post »
#302. Dad, is it OK to buy inexpensive stuff?
Justifying purchases with a low sticker price is faulty logic. Eventually, our stuff will get the last laugh with the
#302. Dad, is it OK to buy inexpensive stuff? Read Post »
#291. Dad, does your car or house determine how wealthy you are?
What you drive and where you live has absolutely nothing to do with your wealth.
#291. Dad, does your car or house determine how wealthy you are? Read Post »
#289. Dad, tell me about judgment.
No matter what you do or say, you will be judged. So, why not be true yourself.
#289. Dad, tell me about judgment. Read Post »
#248. Dad, what does it feel like to be in debt?
Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible
#248. Dad, what does it feel like to be in debt? Read Post »
#212. Dad, can money buy a great life?
DAD: The things that make life great can’t be bought. Money can only help extend your options.
#212. Dad, can money buy a great life? Read Post »
#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
#207. Dad, what is the “ten second” rule? Read Post »
#203. Dad, what is the debt snowball method?
DAD: This method helps you to pay off debts with the smallest amount owed first.
#203. Dad, what is the debt snowball method? Read Post »
#185. Dad, does spending less equate to less joy?
On the contrary, spending less brings more joy.
#185. Dad, does spending less equate to less joy? Read Post »
#182. Dad, should I finance my used car?
Don’t finance things that go down in value
#182. Dad, should I finance my used car? Read Post »
#168. Dad, how can I avoid the payment syndrome?
Learn to exercise self-control and delay purchases until you can pay in full, with cash.
#168. Dad, how can I avoid the payment syndrome? Read Post »
#165. Dad, I feel I don’t earn enough money to be wealthy.
How much you earn does not determine your ability to build wealth. The first step to building wealth is to
#165. Dad, I feel I don’t earn enough money to be wealthy. Read Post »
#129. Dad, is a high income a guarantee that you will retire rich?
There are no guarantees. Make sure you spend less than you earn and save for the future.
#129. Dad, is a high income a guarantee that you will retire rich? Read Post »
#128. Dad, how much debt do Canadian households owe ?
Canadian households owe $1.71 for every dollar they earn. Scary.
#128. Dad, how much debt do Canadian households owe ? Read Post »
#120. Dad, I don’t have time to understand my personal finances.
What I’m hearing is that “I don’t want to make the time.” If it’s important to you then you will
#120. Dad, I don’t have time to understand my personal finances. Read Post »
#110. Dad, give me money advice in ten words or less.
Be mindful of how you spend money
#110. Dad, give me money advice in ten words or less. Read Post »
#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.
#105. Dad, what is the “30-day rule!” Read Post »
#99. Dad, what is the frivolous purchase threshold?
If you ever wonder where your money went to at the end of the month, it is probably hidden in
#99. Dad, what is the frivolous purchase threshold? Read Post »
#97. What is #3 rule of money?
Pay your credit card balance in full every month.
#97. What is #3 rule of money? Read Post »
#92. Dad, how much debt do Canadian households owe?
The level of consumer debt in Canada has been increasing for the past 30 years. Canadian households owe more than
#92. Dad, how much debt do Canadian households owe? Read Post »
#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.
#85. Dad, what are the main financial challenges facing Millennials? Read Post »
#84. Dad, what are the 3 steps to get out of debt?
Assess the damage. Understand the root cause. Change your habits.
#84. Dad, what are the 3 steps to get out of debt? Read Post »
#65. Dad, is the goal to reduce debt?
Debt is not a goal. Debt is what is standing in the way.
#65. Dad, is the goal to reduce debt? Read Post »
#58. Dad, how do most adults rate their financial literacy skills?
More than 60% of adults rate their financial knowledge as “fair” or “poor”.
#58. Dad, how do most adults rate their financial literacy skills? Read Post »
#55. Dad, why is it so awkward to talk about money when you are in a relationship?
It is awkward, but necessary, to talk about money with your loved ones. I suggest you speak often, keep the
#55. Dad, why is it so awkward to talk about money when you are in a relationship? Read Post »
#50. Dad, how do I save for short-term goals?
Pick a goal. Create a separate account to save for the goal. Start saving for that goal.
#50. Dad, how do I save for short-term goals? Read Post »