Author Archive

Married With An Allowance

Dec 27, 2012 Comments Off

Everyone has their own values when it comes to marriage. Some decide to share expenses and the remainder of each spouse’s paycheck is their own. Others share all income or none at all. Marriage and finances are a very personal strategy and not one strategy fit all marriages. Regardless of how finances are handled, it [...]

Read more

Frugality Sacrifices – Part 1

Dec 26, 2012 Comments Off

In order to achieve a higher savings rate, I gave up a few vices to be even more frugal. Frugality is a journey. Frugality goes up and down depending on my life circumstances and there are always areas to improve. Vices I have given up Drinking – $1000/yr saved I used to enjoy drinks out [...]

Read more

Debt Repaid, Now What

Dec 20, 2012 2 Comments

Repaying credit card and student loan debt aggressively is hard work but it becomes addictive after a month or two. You get into the habit of restricting frivolous expenses and this becomes comforting after a while. You start appreciating all the people and things that you have in life. Your wants diminish. You are healthier [...]

Read more

Two Years Before Your Startup

Dec 19, 2012 2 Comments

You have it in you. You’re an entrepreneur at heart and it is only a matter of time before you start your company. Now is the time to prepare. I knew I was going to start a company when I was in university while doing my undergrad. I had a large network that encouraged leadership, [...]

Read more

Rich Enough For Charity

Dec 18, 2012 Comments Off

Being charitable is an important value to me. I regularly give to charity in order to make my world a better place. Deciding how much and when to give was more difficult to achieve, especially when I was a student. My issue was that I always had an excuse not to give. I either had [...]

Read more

Bucketlist And Frugal Lifestyle

Dec 17, 2012 3 Comments

Lists are one of the tools I use regularly in my life. I follow a list everyday of items I need to take care of. Lists allow me to keep a record of my to-do list so I don’t have to worry about missing something. I focus on taking care of a few items each [...]

Read more

Most People Don’t Get It (Wealth That Is)

Dec 13, 2012 3 Comments

Why is it that the majority of the population dreams to get rich but never do. Why is it that university educated people may spend 10+ years struggling to repay their student loans and never see the fortunes promised to them which is why they went to school in the first place. The bulk of [...]

Read more

Goldeneer’s Hierarchy Of Wealth – Fallacy Of Saving

Dec 12, 2012 1 Comment

Goldeneer has developed a hierarchy model to build wealth in order to simplify the wealth building ladder. This model is based on frugality, savings, investments, leverage and shows us that wealth cannot be achieved by skipping any previous foundation. Joe is a friend who is stuck at the Savings stage. He is incredibly frugal and [...]

Read more

Frugality, The New Generation’s Interest

Dec 11, 2012 2 Comments

I’ll admit, I’m frugal. Read this carefully, I’m not cheap. I tip well. I will buy high quality items when there’s a need. I will pay for other people’s food when hosting a BBQ. I will offer someone a car ride. On the other hand, I refuse to pay retail prices unless I absolutely have [...]

Read more

What Are You Doing Today To Make Money Tomorrow

Dec 10, 2012 1 Comment

This is what my professor asked us. You can bin your time that you invest today into 3 horizons, today’s returns, tomorrow’s returns, and the far future’s return. Most people only invest in today’s returns. Today’s horizon What have you done today that has brought you money? For most people, the answer is simple: they [...]

Read more