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Financial Freedom

#331. Dad, what is status anxiety?

April 7, 2020 Dad 0

It is the constant fear of being perceived as “unsuccessful” by society in terms of material wealth.

#300. Dad, what is the definition of frugal?

November 26, 2019 Dad 0

Simply being thoughtful about your purchases.

#289. Dad, tell me about judgment.

November 15, 2019 Dad 0

No matter what you do or say, you will be judged. So, why not be true yourself.

#266. Dad, tell me about financial discipline.

October 23, 2019 Dad 0

Financial discipline fosters character traits like self control, prudence, and patience.

#255. Dad, how old are the principles of personal finance?

October 13, 2019 Dad 0

The principles of personal finance have not changed for 3000 years. That is why it is so easy to understand and apply.

#248. Dad, what does it feel like to be in debt?

October 5, 2019 Dad 0

Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.

#207. Dad, what is the “ten second” rule?

July 26, 2019 Dad 0

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?

July 22, 2019 Dad 0

DAD: This method helps you to pay off debts with the smallest amount owed first.

#193. Dad, are smart people financially wealthy?

July 12, 2019 Dad 0

There is no correlation between high levels of intelligence and high levels of financial wealth.

#182. Dad, should I finance my used car?

July 1, 2019 Dad 0

Don’t finance things that go down in value

#165. Dad, I feel I don’t earn enough money to be wealthy.

June 14, 2019 Dad 0

How much you earn does not determine your ability to build wealth. The first step to building wealth is to spend less than you earn.

#150. Dad, what is passive income?

May 29, 2019 Dad 0

Passive income is income you earn while you are doing something else.

#148. Dad, why is personal finance not a topic of discussion at the dinner table?

May 27, 2019 Dad 0

Most people are afraid to speak about personal finance because they are not comfortable speaking about something, they know very little about.

#128. Dad, how much debt do Canadian households owe ?

May 7, 2019 Dad 0

Canadian households owe $1.71 for every dollar they earn. Scary.

#120. Dad, I don’t have time to understand my personal finances.

April 30, 2019 Dad 0

What I’m hearing is that “I don’t want to make the time.” If it’s important to you then you will find the time.

#110. Dad, give me money advice in ten words or less.

April 20, 2019 Dad 0

Be mindful of how you spend money

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#105. Dad, what is the “30-day rule!”

April 15, 2019 Dad 0

When making large purchases, use this rule to decide whether the item is a need or a want.  

#89. Dad, do you have advice about getting out of debt?

March 30, 2019 Dad 0

Just get started.

#87. Dad, what is a financially mature adult?

March 28, 2019 Dad 0

Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term financial freedom.

#69. Dad, does having a budget mean no fun and all work.

March 10, 2019 Dad 0

Definitely not. A budget is a plan, so you can enjoy your favourite things responsibly.

#58. Dad, how do most adults rate their financial literacy skills?

February 27, 2019 Dad 0

More than 60% of adults rate their financial knowledge as “fair” or “poor”.

#55. Dad, why is it so awkward to talk about money when you are in a relationship?

February 24, 2019 Dad 0

It is awkward, but necessary, to talk about money with your loved ones. I suggest you speak often, keep the conversation light and understand your […]

#54. Dad, tell me about being good with money and spending.

February 23, 2019 Dad 0

Being good at money does not mean you don’t spend it; and not spending it does not make you good with money.

#50. Dad, how do I save for short-term goals?

February 19, 2019 Dad 0

Pick a goal. Create a separate account to save for the goal. Start saving for that goal.

#49. Dad, what exactly does personal finance mean?

February 18, 2019 Dad 0

Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future

#35. Dad, what does it mean to have a healthy relationship with money?

February 4, 2019 Dad 0

When you develop a healthy relationship with money, you don’t spend money on needless stuff.

#34. Dad, what is the difference between a want and a need?

February 3, 2019 Dad 0

A need is something you have to have. A want is a choice.

#32. Dad, what is “Black Friday”

February 1, 2019 Dad 0

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?

January 26, 2019 Dad 0

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; […]

#25. Dad, what is the key to early retirement?

January 25, 2019 Dad 0

The key to early retirement lies with savings, not income – regardless of how much money you make.

#13. Dad, what is lifestyle inflation?

January 13, 2019 Dad 0

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 […]

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  • mental clutter

    #393. Dad, what is mental clutter?

    February 1, 2023 0
  • burn your boat

    #389. Dad, what does it mean to ” burn your boat?”

    February 21, 2022 0
  • productivity Guilt

    #388. Dad, what is “productivity guilt?”

    February 20, 2022 0
  • #384. Dad, why do we get bored?

    November 13, 2020 0
  • #379. Dad, starting my business is a slow process. I want to quit.

    November 2, 2020 0
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