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.
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.
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 →
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!
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.
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.
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.
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.
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).