#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 »
#300. Dad, what is the definition of frugal?
Simply being thoughtful about your purchases.
#300. Dad, what is the definition of frugal? 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 »
#266. Dad, tell me about financial discipline.
Financial discipline fosters character traits like self control, prudence, and patience.
#266. Dad, tell me about financial discipline. Read Post »
#255. Dad, how old are the principles of personal finance?
The principles of personal finance have not changed for 3000 years. That is why it is so easy to understand
#255. Dad, how old are the principles of personal finance? 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 »
#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 »
#193. Dad, are smart people financially wealthy?
There is no correlation between high levels of intelligence and high levels of financial wealth.
#193. Dad, are smart people financially wealthy? 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 »
#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 »
#150. Dad, what is passive income?
Passive income is income you earn while you are doing something else.
#150. Dad, what is passive income? Read Post »
#148. Dad, why is personal finance not a topic of discussion at the dinner table?
Most people are afraid to speak about personal finance because they are not comfortable speaking about something, they know very
#148. Dad, why is personal finance not a topic of discussion at the dinner table? 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 »
#87. Dad, what is a financially mature adult?
Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term
#87. Dad, what is a financially mature adult? Read Post »
#69. Dad, does having a budget mean no fun and all work.
Definitely not. A budget is a plan, so you can enjoy your favourite things responsibly.
#69. Dad, does having a budget mean no fun and all work. 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 »
#54. Dad, tell me about being good with money and spending.
Being good at money does not mean you don’t spend it; and not spending it does not make you good
#54. Dad, tell me about being good with money and spending. 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 »
#49. Dad, what exactly does personal finance mean?
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
#49. Dad, what exactly does personal finance mean? Read Post »
#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.
#35. Dad, what does it mean to have a healthy relationship with money? Read Post »
#34. Dad, what is the difference between a want and a need?
A need is something you have to have. A want is a choice.
#34. Dad, what is the difference between a want and a need? Read Post »
#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
#32. Dad, what is “Black Friday” Read Post »
#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
#26. Dad, is the goal financial independence? Read Post »
#25. Dad, what is the key to early retirement?
The key to early retirement lies with savings, not income – regardless of how much money you make.
#25. Dad, what is the key to early retirement? Read Post »