when do I get my adult certificate?
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…
It’s not much of a surprise that I don’t own a car. In the past 4 years, I’ve worked on three different continents and only this year I’ve managed to break $20k in net worth. If I decide to move back to Canada with ten times the net worth I still wouldn’t buy a car.…
Friends often comment that I like to make life harder for myself and it’s quite true. This is because I’ve been happiest when I’m working on a difficult problem and I successfully solve it. Think back to moments when you’ve been really happy and fulfilled, and I’ll bet that it involved some element of overcoming…
I must be the first person to say that they love the internet in China. To be clear, the internet here is crap. I have a VPN, and the internet works almost all the time, but the speed is SLOW and even the best VPN goes down once in a while. In addition, the VPN…