The Open Ended Debt Solution We should avoid debt at all cost, but in life things don’t always go as planned and debt becomes unavoidable. Also for things like buying a house and sometimes getting an education require debt based on the timing in life and the natures of their significant cost. Whenever you enter […]

Simple Money Solutions: Personal Finance Canada, Personal Finance from a Canadian Perspective, Financial Independence, Lifestyle Choices, Early Retirement

SMS 174 – Open Ended Debt Solution

Budgeting Q&A Is there one best way for everyone? How has budgeting changed and evolved for you as you’ve progressed through your life stages? When did you first start using a budgeting tool and was it out of necessity or desire or because you “thought you should”? Can you speak to bringing a partner in […]

SMS 173 – Budgeting Q&A

In life debt can be either a temporary situation or a permanent situation, and how you view debt will determine your perspective. If debt is the problem you will spend your lifetime trying to solve it, if you treat it as a symptom you will peel back the layers and find the cause. You have […]

SMS 172 – Debt is the Symptom not the Problem

Amazon Prime Amazon prime is a membership service that for most people provides expedited shipping, but there are some additional benefits that are commonly known and even more benefits not so commonly known. The cost of Prime is $7.99/month which includes one free month for new members or $79.00/year which works out to $6.58 on […]

SMS 171 – Amazon Prime

Budgeting is a way of life Never buy a new car under any circumstance Always buy or rent for your current housing needs Never be a victim to lifestyle inflation Always be frugal never be cheap Only borrow money for things that go up in value Learn your financial weaknesses early in life, everyone has […]

Re-Broadcast: SMS 100 – Your Path to Financial Independence

How I Consume Books Why Books are Important: Timeless format of knowledge  Tested formula Cost effective knowledge Consumed at your schedule Creates community Types of Literature: Fiction Self-improvement Non-fiction Selection Process: Fiction is important Challenge your beliefs Self-improvement over self-help Read the reviews Books should be: Entertaining Informational Inspirational How I Consume Books: Audiobook E-book […]

SMS 170 – How I Consume Books

Looking Forward and Back. When you turn 50 you have a very unique view of life if you choose to see it. You can look back by observing your children and reflecting then things in life that your found challenging. You also have the opportunity to observe your parents and see the things in life […]

SMS 169 – Looking Forward and Back

I’m just not a saver, is that ok? A long time ago I was visiting a relative and was admiring the comforts of life they had accumulated and commented that they appeared to have done well and “had it figured out”. Their response was that all this comes at a cost. They said “I am […]

SMS 168 – I’m Just Not a Saver, is that OK?

The Problem with Abundance The opposite of abundance is scarcity – you think we want abundance but we actually are seeking scarcity. One of kind, hand made Collections edition Antique, retro, vintage Latest edition, just released The problem with scarcity – the biggest problem with scarcity is worry for the future, fear and anxiety, and […]

SMS 167 – The Problem with Abundance

Is Being Too Busy a Problem? We often over estimate what we can accomplish is a day and under estimate what we can accomplish in a year. Money is the lubricant of life, not enough and life is a grind, too much and your life has no direction. Too much disposable money can be a […]

SMS 166 – Is Being Too Busy a Problem?

You need a process to achieve your goals You can’t be motivated solely by your goals, you have to love the process to succeed. Examples: Problem: over-weight, Goal: wanting to be thin Better Goal: wanting to weigh 110 pounds The goal has no instructions or process on how to achieve this goal. The best approach […]

SMS 165 – You Need A Process

Celebration Celebration is a funny thing we tend to celebrate our past, I would like to introduce the concept of celebrating our future. I used to think hope was this fleeting emotion that would come and go, but I recently read a book by Mark Manson – Everything is F**ked that has changed about hope. […]

SMS 164 – Celebration

Dieting vs. Lifestyle We get out of debt and then get back into debt or reach our goal and then digress, why? We’re in a diet mentality. A diet is a systematized, temporary lifestyle change whereas changing one’s lifestyle is an attempt to keep up similar habits for a prolonged period of time. Why diets […]

SMS 163 – Diet vs Lifestyle

Saving money on groceries Why you should want to get good at grocery shopping: You get an opportunity to get this right or wrong every week It should be your third highest expense These are life lessons for your children This is an evolution – what worked when you were single won’t with a family […]

SMS 162 – Saving money on groceries

Understanding Risk Risk should be assumed as a means to solving a life problem. You should only assume financial risk to improve your financial situation Is personality driven, people fall into one of two groups in all aspects of their personal finance lives, risk of doing something or the risk of not doing something. Risk […]

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