Journey To 200!

Almost 5 years ago when I started this blog I didn’t think I would have the longevity to keep posting about personal finance. Perhaps one of the greatest assets I had that made me persist is my passion to learn. Had I not continually learned new concepts, new ideas and discovered others like me that…

Yes…Renting Can Provide Stability

Many people I talk to have a profound fear of renting a place to live because it doesn’t provide a sense of security. “You’re paying someone else’s mortgage” or “I don’t want to move every year” are the common phrases that many people come up with when asked about renting and its benefits. I’ve met…

How Much Should You Save?

If there is anything that I’ve learned over the many years, it’s that it’s not how much you make that matters, but how much you save. Earning more money from your job does help, but saving more of what you earn is more beneficial towards achieving financial independence. This may seem counter-intuitive to what you…

The Financial Benefits of Being Coupled

The latest Canadian census showed that a growing portion of Canadians are preferring to live single rather than being married or living with a significant other. This probably explains the lack of condo options in popular cities like Toronto and Vancouver where one bedroom condos dominate the city skylines, yet availability remains extremely low. I…

Why Free Cash Flow Matters and What To Do With It

Achieving financial independence isn’t about having enough money in the bank to last you through retirement. Unfortunately that’s how most people think about money. We work so that one day we’ll have enough money in our nest egg to get us through our remaining years. This thinking often leads to many more years worked than…

What Did The Bank Rate Hike Do?

The Bank of Canada followed through on its promise and raised interest rates by 0.25%. That’s a very small raise and now the bank rate stands at 0.75%. This is still peanuts and far from the norm of 4-5%. Even with this interest rate hike, money still remains very cheap. During the last 8 years…

How To Use Your Credit Cards Properly

It still amazes me when I talk to individuals and they tell me they outstanding balances on their credit cards. Do they not realize these cards charge over 20% interest on their purchases? Why on earth would you want to keep any outstanding balance at all on a credit card. That’s just making all your…