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#304. Dad, my finances are a mess.

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Congratulations! You have taken the first step to acknowledging that you have a problem. The rest can be managed with a plan. Dad, My Finances […]

#297. Dad, is personal finance all about money?

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Personal finance is about values, habits and mindset and not only about money.

#289. Dad, tell me about judgment.

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

#262. Dad, what is a quick way to simplify my life?

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Identify what is most important to you. Eliminate everything else.

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

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

#212. Dad, can money buy a great life?

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DAD: The things that make life great can’t be bought. Money can only help extend your options.

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

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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?

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

#193. Dad, are smart people financially wealthy?

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

#185. Dad, does spending less equate to less joy?

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On the contrary, spending less brings more joy.

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

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Don’t finance things that go down in value

#168. Dad, how can I avoid the payment syndrome?

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Learn to exercise self-control and delay purchases until you can pay in full, with cash.

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

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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.

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

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

#142. Dad, is it OK that my values about money and spending are different from my friends?

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Personal values and spending habits are unique to everybody. Spend based on your personal values.

#129. Dad, is a high income a guarantee that you will retire rich?

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There are no guarantees. Make sure you spend less than you earn and save for the future.

#97. What is #3 rule of money?

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Pay your credit card balance in full every month.

#96. What is #2 rule of money?

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Strive to save 10 to 20 percent of your monthly income.

#93. Dad, tell me about eating in restaurants

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Eating at home is normal. Eating out is an expensive treat and should be done when there is a social benefit to it.

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

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The level of consumer debt in Canada has been increasing for the past 30 years. Canadian households owe more than $2 trillion dollars collectively.

#91. Dad, what is a credit card?

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A credit card is money that does not belong to you. It is not free, and the longer you take to pay it off, the […]

#90. Dad, what is ingratitude?

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Ingratitude is when money only flows inward and never outward.

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

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Just get started.

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

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

#86. Dad, do I have to spend a lot of money to be content?

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You don’t need to get out of the city to feel calm. You don’t need a gym membership to push your body and you don’t […]

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#85. Dad, what are the main financial challenges facing Millennials?

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Most Millennials are weighed down by student debt, the high cost of housing and bleak career prospects.

#84. Dad, what are the 3 steps to get out of debt?

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Assess the damage. Understand the root cause. Change your habits.

#83. Dad, is money bad?

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Money is not good or bad. It is merely a vessel that allows us to live our lives according to our values.

#81. Dad, what about spending money?

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

#80. Dad, what is the happiness fund?

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Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.

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#76. Dad, should I start to invest?

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Start by investing in your personal development and become an expert in one thing.

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

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

#67. Dad, tell me how to save money?

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Get rid of the “how to” and just do it.

#65. Dad, is the goal to reduce debt?

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Debt is not a goal. Debt is what is standing in the way.

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

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

#56. Dad, what is the quote from the movie “Fight Club” you mention when speaking about materialism?

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“The things you own end up owning you”. Materialism, by and large, is a psychological trap. No matter how much you own, how much you […]

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

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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.

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

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

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

#45. Dad, is money a valuable goal?

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Money should never be the goal. Money is a tool to help you accomplish your goals.

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