
#38. Dad, what is YOLO?
YOLO – you only live once – is about sacrificing long term happiness for short-term gratification
YOLO – you only live once – is about sacrificing long term happiness for short-term gratification
Financial resilience is the ability to bounce back, adapt, learn and continue to put one foot in front of the other.
We don’t have to continue holiday traditions that leave us overwhelmed, broke and tired. Traditions should not detract from the season, they should elevate it. […]
When you develop a healthy relationship with money, you don’t spend money on needless stuff.
A need is something you have to have. A want is a choice.
By making your bed in the morning, you knock-off your first accomplishment of the day. This puts you in a “winning” mindset.
Sadly, “Black Friday” is the day we trample people for things we don’t need, the day after being thankful for what we have.
Yes. You can buy anything you desire – as long as you have saved for it first.
Mistakes are often the result of laziness or an obsession with perfection.
Spend less than you earn.
Giving up temptation for long term benefit.
Become an expert and nobody will want to see you leave.
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; […]
The key to early retirement lies with savings, not income – regardless of how much money you make.
From a pure math point of view, it’s almost always better to pay off debts before putting money into savings. There is one exception. Contributing […]
Figure out your true hourly wage. Think of purchases in terms of how many hours you have to work to make a purchase. This will […]
Living a simpler, uncluttered life means a life that is not filled with constant busyness, worry and stress, but instead contemplation, creation and connection.
Education is not the key to financial success. Motivation is.
If interest rates went up by one percentage point, 971,000 Canadians will end up in a cash crunch.
The path to wealth is not found in inexpensive things. The true way to wealth lies in finding the time to dream about the purpose […]
No. No. No. If you fail to pay your credit card in full and on time, it will have a negative impact on your credit […]
DAD: Rich people dream of money. Wealthy people dream of time, freedom, purpose and happiness.
Christmas happens on the same day every year. It does not sneak up on you. Lack of planning is not an excuse to overspend on […]
Be authentic! Maintaining an image that your income cannot support goes against being authentic. You cannot pay your bills based on how you appear to […]
DAD: Financial freedom is much more than having money. It is the ability to make life decisions without worrying about financial constraints.
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 […]
Lifestyle inflation is when you keep increasing your lifestyle as your income grows. That is why so many wealthy people are in debt.
DAD: The purpose of an emergency fund is to allow a person to get through financial emergencies without incurring debt.
Your impulses are largely focused on getting instant gratification. If you want to experience the best life has to offer, you can’t be focused on […]
Financial independence is the point at which you have enough money in savings and investments to support yourself for the rest of your life.
DAD: Spending all your money today because you might die tomorrow is reckless, selfish and not sustainable.
The purpose of money is not to buy things. It’s there so that we can buy ourselves some freedom, so we can do the things […]
DAD: If you are thinking of getting out of debt, my advice is simple. Get Started.
Don’t become a prisoner of peer pressure. Your only regrets should be when you failed to lead with your values.
DAD: It is important to balance preparing for the future and enjoy the present as long as you do not spend more than you earn.
The ‘What-the-hell-effect’ is when you have spent more than you have earned and then decide that you might as well fail spectacularly. In short, you […]
DAD: You should consider whether you saved $100 or spent $300 on something you did not need.
DAD: When it comes to understanding money, ignorance is not bliss.
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