Buying or renting your place of residence - what should you do? There are probably hundreds of thousands of articles contrasting the two paths scattered across the web. These articles will give you anything from in-depth analysis to general guidelines. Buuuuut regardless of the amount of content out there, I like sharing my own point … Continue reading Housing – Should I Buy or Rent?
Frugality
Study Up On: Mindfulness
It was a balmy 25 degrees and radiantly sunny on the Sunday afternoon that we drove from Ottawa to Montreal. It was from here that we grabbed a direct 7 hour flight from Montreal to the border town of Basel, Switzerland - close by to our final destination in Southern Germany. As we checked our … Continue reading Study Up On: Mindfulness
Financial Independence – Outlining My Goals
One of my goals for this blog was to create more accountability. I wanted to start reporting my financial goals to be better, more capable, avoid consumerism, be environmentally aware, and save money along the way. So what are my financial goals? Currently 29, I aim to achieve FI by 45, and retire by 50. … Continue reading Financial Independence – Outlining My Goals
Study Up On: Living Within Your Means
Living within your means can denote a lot of different things to various people. It depends not only on who you ask but how you ask! Some folks may see that their total monthly cash outflow is less than their cash inflow and feel okay with that. Some savvier individuals know they need to limit … Continue reading Study Up On: Living Within Your Means
The Big Three – Part Two: Transportation
Welcome back for Part Two! Last post, we discussed how Food, Transportation and Shelter make up 47% of median income in Canada. This week, the focus will be on Transportation which is a whopping 14.7% or $11,909. TRANSPORTATION In the FN household, we have one car for the two of us. And it's a real … Continue reading The Big Three – Part Two: Transportation
The Big Three – Part One: Food
Welcome back! Hopefully you've had a chance since my last post on Personal Finance 101 to start tracking your income and expenses, finding ways to cut extraneous expenditure that isn't bringing you happiness and you're feeling more comfortable saving for FIRE based on your own ethos / path! The next logical thing to tackle would … Continue reading The Big Three – Part One: Food
Study Up On: Personal Finance 101
Sigh... I'm now in my late twenties, and I notice that A LOT of people around my age group have little to no understanding of personal finance. Do you struggle to quantify your short, mid, and long term financial goals and dreams of being Financially Independent? If you answered yes, you may have been tricked … Continue reading Study Up On: Personal Finance 101
Zero Dollar Days
Hey Everyone! Not sure about all of you, but I have become infatuated with Zero Dollar Days. This is where I try to make a point of spending no money on workdays. As we're talking about 5 out of every 7 days in a week, over time, the effects of this can really snowball. Personally, this … Continue reading Zero Dollar Days
Find Your Ethos
Hey Everyone, So far, we've touched on some key concepts if you want to FIRE (financial independence, retire early). Things like... Defining Frugality; Basic Concepts of Capital (financial and human); The Wonder of Compound Interest; And what many people fall victim to, which is Lifestyle Inflation as your earnings grow; This is all great information … Continue reading Find Your Ethos
Human Capital VS Financial Capital
An important concept in building ones' wealth is capital. In today's world, you need some dough to carry out an existence, unless you're totally self-sustainable which is awesome from an environmental/frugal standpoint. But for most of us mere mortals, even those living the most extremely frugalicious lives, you need some money to cover basic expenses. … Continue reading Human Capital VS Financial Capital
