#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 a plan. Dad, My Finances […]
Spending
#250. Dad, what is akrasia?
Akrasia is when you do one thing even though you know you should do something else. Like spending and saving.
#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 to get ahead.
#204. Dad, tell me about being a perfectionist.
DAD: Perfectionists are motivated to make the best choice every time. This can lead to decision paralysis.
#184. Dad, how do you prioritize?
DAD: I always get the important stuff done first and don’t waste time on stupid shit!
#170. Dad, tell me about spending time with myself.
DAD: Spending time by yourself allows you to hear your thoughts without distractions.
#159. Dad, how do I take control of my spending?
Stop spending money or time impressing others.
#154. Dad, how do I become a better version of myself?
DAD: You have to remain consistent, don’t strive for perfection and learn to say “No” more often.
142. Dad, is it OK that my values about money and spending are different to my friends?
Personal values and spending habits are unique to everybody. Spend based on your personal values.
#135. Dad, What can I do when other people are being annoying and inconsiderate?
You can only control your behaviour. If you try to change every other person, you are going to be miserable. Dad, taking the lead isn’t […]
#132. Dad, is it important to have structure in your day?
DAD: Structure is important to get things done. But, set aside unstructured “thinking time” in your schedule.
#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.
#116. Dad, how do I beat procrastination?
DAD: Get better at two things: Self- Management and Willpower
#102. Dad, does having more stuff equal happiness?
DAD:Material items do not always equal happiness. Sometimes they just add stress and debt.
#97. What is #3 rule of money?
DAD: Pay your credit card balance in full every month.
#93. Dad, what about spending money?
Being good with money does not mean you don’t spend. And not spending does not make you good with money.
#92. Dad, how much debt do Canadian households owe?
The level of consumer debt in Canada has been increasing for the past 30 years. Households owe more than $2 trillion dollars collectively.
#91. Dad, what is a credit card?
DAD: A credit card is money that does not belong to you. It is not free, and the longer you take to pay it off, […]
#88. Dad, can you give me advice on getting my shit together?
DAD: I suggest you don’t spend too much time on things that don’t matter and spend it with people that do.
#84. Dad, what are the 3 steps to get out of debt?
DAD: Assess the damage. Understand the root cause. Change your habits today
#81. Dad, what about spending money?
DAD: Being good at money does not mean you don’t spend it. And not spending does not make you good at money.
#80. Dad, what is the happiness fund?
DAD: Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.
#52. Dad, does a high paying job mean zero financial stress?
Financial stress is not measured by how much you earn, rather by how much you save and spend.
#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.
#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