Did you know that it’s becoming more common for the women to be the breadwinner in their household? In fact, nearly 50% of women are earning as much or more than their husbands according to TD Ameritrade’s Breadwinners Survey. Talk about a reversal of marriage income disparity. Even with the results of the survey, it’s hard …
Marriage Income Disparity – When Wives Earn More Read More »
Whenever the topic of financial independence comes up there is always talk about minimizing your top 3 expenses – housing, transportation & food. Cutting your transportation cost may include going down to a one-vehicle household or getting rid of your vehicle altogether. But that decision focuses on the math and not the mindset. For us, going …
We own 3 vehicles, maybe it’s not FI, but I don’t care Read More »
Are you tired of earning nothing on the money sitting in your chequing account? Or have you started saving up an emergency fund but are not sure where the best place to keep it is? If either of these statements sound familiar, then a high-interest savings account may be the answer you’re looking for. Unfortunately, …
Best High-Interest Savings Account Canada (2023) Read More »
Well, we are not halfway through 2020, and although it’s only been 6-months this year has already felt like 10 years long. When I first decided to do 20 goals for 2020 I did not anticipate life throwing so many curve balls this year. But here we are at the end of quarter 2 so time to update …
I’m sure you’ve seen it before, some big headline about how someone paid off a massive amount of debt in a short time or made a ton of money in the stock market. I’ve been guilty of it when I talk about how we “paid off our $342,000 mortgage in less than 5 years.” But the …
Learning how to invest for yourself can feel very daunting. But it doesn’t have to be complicated. Momma, I’m going to walk you through how to be comfortable DIY investing. First, you will have to determine if DIY investing is right for you. If so, then the following five things can help you feel more comfortable …
Trying to over-optimize my finances, and therefore valuing money over time is my money lesson for May 2020. You could also call this a money mistake as it goes against aligning my money with my values, something that I’m constantly working towards. I’m a huge fan of the word optimize. It just sounds like something you should want …
Whether we are aware of it or not, who we choose to spend time with and the content that we consume has a large impact on our thoughts and creates an echo chamber of ideas. What is an echo chamber? An echo chamber is an environment where you are only exposed to ideas and information …
I first heard about personal investment policy statements on the ChooseFI podcast; episode 097 to be exact. Prior to that, I had no idea what a personal investment policy statement was, or even that people had created their own. Because my curiosity was piqued I began to research what this personal statement was and why it …
Personal Investment Policy Statement – What You Need to Know Read More »
When it comes to investing, your financial advisor is not your friend. It may sound cliché, and maybe you have heard it a hundred times, but nobody cares more about your money than you do – not even your friends. And if time is money, then nobody cares more about your time than you do. And momma …