when do I get my adult certificate?
The days are longer, the sun is up before I am, and life is getting even better. I have a few self-improvement projects I have started half-way in March but want to properly track them in April. Here they are in no particular order: Track every penny I don’t use a budget right now because…
I used to do weekly wrapup posts but decided to keep the log for longer as the blog page was getting crowded. I’m also getting rid of Low Lights as part of my goal to reinforce positive thinking. When negative things pop up, I address them in the moment and move on. In the spirit…
I’m progressing nicely towards my goal of having over $50k in net worth by the end of this year. The numbers make it look like I’ll reach it in just a few months but there are taxes and exchange costs that will come out. Canada and China changed their tax rules recently and I’m very…
In order to retire in 10 years, I will need to put away roughly $4,000 every month. I would need a monthly gross salary of $7500 if I lived in Toronto, which leaves me $4k after living expenses and taxes. In China, I have a gross monthly salary of $6100. The incredibly low cost of…
Something something, schools should teach students real finance. Today, I’m going to do a quick overview of what marginal taxes are, RRSPs, and how TFSAs are different from RRSPs. Marginal Tax Rates Imagine your gross income as money pouring out of a faucet and filling up buckets. Once the first one is filled, you get…
For someone who’s planning to retire really early it’s a little weird that I have never used a budget. This may change in the future, but for now, I don’t feel the need to*. My London Finance Review was the closest thing, and I’d recommend everyone should do one of those. I took what I…
You know the question “what would you do if you didn’t have to worry about money?” I want to find the answer to that while I’m young and able to act on it. I’m not aiming for the traditional idea of an idle retirement. I’m envisioning more of retirement from mandatory work into elective work. It’s being financially…
I had another post that spoke about why I will never own a car and mentioned that it is really expensive to have one. I didn’t dig into the finances on that one and based it more on my lifestyle needs. Here, I’m going to pull a hypothetical cost report together and also look at…