Prairie FIRE Canada

Podcast Love: Tracking Your Net Worth

A couple of weeks ago I was invited to be interviewed on the Moolala radio show. Bruce had read my blog post: Net Worth – You Are the Ultimate Asset and wanted to have a conversation on how I came to tracking my net worth and why I thought it was important.

Podcast Love: Talking Real Estate

In September I was interviewed by the crew at Explore FI. I talk about my journey, being a landlord & house-hacking our home. We cover a lot of ground & I think you’ll enjoy it.

5 Things I Would Have Done Differently Before Buying a Home

So I’ve been driving back and forth on my commute to work and noticed a lot of for sale signs on lawns all over my city. It’s a reminder that we are at peak home selling season and Canadians all… Continue Reading →

The FI Community Provides

Through my struggle I discovered that I, like most people, am a social animal. I am built for community and connection. And so are you!

We Are All Financially Messed Up

Here’s the problem: people think money is all about numbers, spreadsheets and bank account balances. To use an old cliche, “Personal finance is personal”. This statement is true, but it does not go far enough in my humble opinion. It really doesn’t address the deeper issues we face, and that we are flawed human beings. We are all messed up in our own special way, especially yours truly.

A Tale of Two Tax Shelters

Ahhh it’s everyone’s favourite season – Tax season. That’s right, it’s time to get your collective stuff together and report to the government all that wonderful income you’ve made in 2018. I’ve been hearing a lot of talk lately about… Continue Reading →

Back to Basics: The Principles of FI

The principles behind financial independence are relatively simple and easy to understand. It’s simplicity makes it possible for everyone to get started on their path to reach financial independence.

Podcast Love: My Secret Identify Revealed

An old friend of mine discuss my personal finance journey, the immigrant/entrepreneurial spirit, and how we literally started a prairie fire back in the day.

Why I am treating my personal finances like a business.

The reality is that we are all running two types of business when it comes to personal finance: (1) An Active Labour Business; (2) A Passive Investment  Business.

The Missing Link to FI

In my wild and crazy journey in discovering the FIRE movement, I was inspired to create and stick to a budget, and I began tracking my net worth over time. By doing this over a year, I discovered something that was so obvious that I think many bloggers and personal finance gurus take for granted.

I call it the “Missing Link.” What I finally discovered was that your net worth is totally savings dependent. The fastest way to FI is to manage your budget well and use your savings to either purchase assets or pay down debt (preferably both).

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