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Financial Attitude

My personal finance a-ha moments

I spend a lot of time using My Own Advisor to share what’s working with our financial plan and how incremental money management changes are moving us towards financial independence.  I’ve also shared some money management mistakes on this site.  I do this because I believe most people learn more from their failures than their successes…at least I do.  Writing about success and failure can be helpful because money affects our lives in so many different ways:  how we save, how we invest, what we shop for, where we spend our money, what products ...
Saving

8 things I’ve discovered about money

In recent discussions with some folks and to play off Preet Banerjee’s blog name (where does all our money go) I was reflecting on some things I’ve discovered about spending and money – here they are. Owning a house is expensive Heat, hydro, maintenance and property taxes are just a few housing costs.  The bigger the house, the more money it costs to own it.  Let’s not forget the mortgage either.  I figure the sooner my wife and I are debt-free the better. Paying yourself first is crucial to retirement planning Our retirement plan ...
Financial Stuff

Four Fat Financial Failures

Mistakes are part of life, might as well accept that.  I’m learning to accept that concept more as I get older.  When it comes to personal finance in particular hopefully our money management mishaps are smaller and infrequent over time.  For today’s post, here are four fat financial failures and some personal commentary on them that have the potential to derail any retirement plan. Overspending The simple fact is, unless you can control your spending you won’t have anything left over to save or invest.  So, when it comes to a healthy ...
Financial Attitude

Great finances start with great attitudes

Some time ago, I read a blogpost by Seth Godin.  In this article, Seth ranks the hierarchy of success in the following order of importance: Attitude Approach Goals Strategy Tactics Execution Seth may have something here. Culturally, we are obsessed with execution and my workplace is an example.  Use this word instead of that word in this communication memo.  Use this software solution not that one.  “We’re doing it all wrong.” Execution, while important is not the most important factor to realize success.  The same goes ...
Classroom

I wish we had more stock in our school system

As a youngster growing up in the public school system in Eastern Ontario, I remember taking a whole slew of courses designed to prepare me for my post-secondary studies and to a larger degree, adulthood.  Calculus, Biology, Chemistry, Physics, Law and English, to name a few, were part of my high school senior year curriculum.  For the most part, these courses and the teachers that taught them did their job – these courses helped me figure out what I liked (what I didn’t) and laid out the foundation for what I would experience in my first ...

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