Personal finance is about values, habits and mindset and not only about money.
No matter what you do or say, you will be judged. So, why not be true yourself.
Identify what is most important to you. Eliminate everything else.
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.
There is no correlation between high levels of intelligence and high levels of financial wealth.
On the contrary, spending less brings more joy.
Don’t finance things that go down in value
Learn to exercise self-control and delay purchases until you can pay in full, with cash.
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.
Most people are afraid to speak about personal finance because they are not comfortable speaking about something, they know very little about.
Personal values and spending habits are unique to everybody. Spend based on your personal values.
There are no guarantees. Make sure you spend less than you earn and save for the future.
Pay your credit card balance in full every month.
Strive to save 10 to 20 percent of your monthly income.
Eating at home is normal. Eating out is an expensive treat and should be done when there is a social benefit to it.
The level of consumer debt in Canada has been increasing for the past 30 years. Canadian households owe more than $2 trillion dollars collectively.
Ingratitude is when money only flows inward and never outward.
Just get started.
Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term financial freedom.
Most Millennials are weighed down by student debt, the high cost of housing and bleak career prospects.
Assess the damage. Understand the root cause. Change your habits.
Money is not good or bad. It is merely a vessel that allows us to live our lives according to our values.
Being good with money does not mean you don’t spend it. And not spending does not make you good with money.
Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.
Start by investing in your personal development and become an expert in one thing.
Definitely not. A budget is a plan, so you can enjoy your favourite things responsibly.
Get rid of the “how to” and just do it.
Debt is not a goal. Debt is what is standing in the way.
More than 60% of adults rate their financial knowledge as “fair” or “poor”.
Being good at money does not mean you don’t spend it; and not spending it does not make you good with money.
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
Money should never be the goal. Money is a tool to help you accomplish your goals.