Some psychologists believe that you are the average of the 5 people you spend the most time with. Whether this is accurate or not, the truth is we are influenced by everyone around us to some degree. This is why it’s important to surround ourselves with positive and highly productive people. Our environment should work for our success,… Read More »
How to Find the Best Financial Planner Financial planning can be simple, but it can also be very nuanced. So who is the best person to help you create your perfect financial plan? The answer is simple. That person is you. 😀 Here’s why. Unlike a meal plan or other short term aspirations, a financial plan isn’t an event… Read More »
Beating the market isn’t necessarily hard. We don’t have to outperform everyone else. We just have to do better than the average. By picking individual stocks my investment returns have either matched or beaten the S&P/TSX Composite index every year since I started investing. 😀 But in today’s post I will explain why that doesn’t actually matter. When Using Debt… Read More »
There is a lot of misinformation online about personal finance, especially from all those amateur blogs. This is why you should read everything on the internet like you would drink a shot of tequila – with a pinch of salt. 😀 Today I will try to debunk some of the most common financial myths out there. Myth #1. Credit cards… Read More »
The Sunk Cost Trap We all try to make rational decisions based on the future value of objects, investments and experiences. But the truth is that our decisions can sometimes be tainted by the emotional investments we have put into them over time. The more we are invested in something, the harder it becomes to abandon it. This is known… Read More »
Comparing Finances Money is like a lot like religion or politics; everyone has a passionate opinion about their own personal finances, but it’s not always easy to talk openly about it without social consequences. For example, the company I work for discourages open discussions about compensation and benefits. This makes sense from a corporate point of view because of… Read More »