There are various widely known ways to boost your credit score, from making loan repayments on time to not exceeding your limit on any credit cards you may have. Most people also know that having a little debt can be good for your score as it allows you to show that you can handle it […]
Almost a century ago, in 1926, George S Clason published his widely acclaimed book, The Richest Man in Babylon. The ‘twist’ is that the book isn’t set in 1926 at all. It’s set in ancient Babylon, and the story is presented as a series of snippets of advice, supposedly given to an poor chariot builder […]
One of my favorite quotes ascribed to Albert Einstein, “Every problem should be simplified as far as possible, but no further.” The 50/30/20 rule fails this admonition. Badly. Budgeting. It’s probably right up there in your list of favorite things to do (sarcasm alert!), along with visiting your dentist. Unfortunately, like visiting your dentist, it’s […]
One of the most difficult financial situations to deal with is when one person in the relationship is in a much stronger financial position than the other. In this article, I am going to review when it’s smart to lend money to your significant other and when it could be a disaster. Why We Hide […]
The holiday season is one of my favorite times of the year. Even though we only have about 8 hours of sunlight a day here in Winnipeg, the lights, snowmen, and Christmas spirit tend to keep things warm and joyful (even when it’s -40 outside). It’s a wonderful time of the year to reflect on […]
I think it’s interesting how someone’s habits change from when they’re building wealth to when they have it. When you’re building wealth you typically have pretty stringent rules in place to follow to help you get to where you want to be. But as soon as people have money, it’s time to break all of […]
Most people have a love-hate relationship with credit. We love that it’s easy, and always within reach. But we hate that it’s so easy to spend money we don’t necessarily have and that can get us into financial trouble. Understanding what credit is, how we can use it to our advantage, and what major mistakes […]
Not one of these books is remotely in the ‘get rich quick’ category, but if you’re aiming to slowly but surely overhaul your finances and provide long-term financial security and freedom for yourself and your family, I suggest you put these on your reading list. The Millionaire Next Door by Thomas J Stanley It will come […]
If you started reading this, I think it’s safe to assume you’re working hard, probably harder than you want. If so, that begs the question, why are you working so effing hard? This question is especially relevant for me these days, as I realized I’ve said “yes” to a few too many things. As a […]