This week I celebrate freedom: 我考完试! I’ve finished my exams, and my evenings are wide open once again. I’m not completely satisfied, because I realized that I studied a bit too much of one area and not enough of another when doing the test, and our oral group completely got our asses kicked by the… [Read More]
5 Reasons to Have an Emergency Fund
Preparing for the unexpected It is impossible to expect the unexpected, because when you are expecting something it fails to be unexpected and something else you weren’t expecting still manages to trip you up. So rather than trying to second guess life, stop expecting the unexpected and simply put a contingency plan in place for… [Read More]
What Do You Need to Get out of the Rat Race and Achieve Financial Freedom?
What does it mean to get out of the rat race? To me, the phrase “getting out of the rat race” represents the desire and drive within most of us to live our passions and achieve our goals. If you are living the life of your dreams at a 9 to 5, then the rat… [Read More]
Saving on Taxes and Growing Your Wealth with the Tax Free Savings Account (TFSA)
What is a TFSA? If you live in Canada and you have not started to contribute toward your TFSA, you should start thinking about doing so! What is a TFSA? A TFSA (Tax Free Savings Account) is a special type of investment account that allows your savings to grow tax-free. It is similar to the… [Read More]
How Much of Your Paycheck Do You Need to Survive?
Last week, I compared the benefits and drawbacks of growing an emergency fund versus paying down your mortgage faster. There was a lot of great discussion and commentary on that post; however, I feel that many might have gotten the impression that I was advocating a more aggressive position than I truly believe in. I’m… [Read More]