What Is A Sinking Fund?
I’ll be honest with you. I didn’t know what a sinking fund was until last year. The term sinking fund was something I’d never heard of before and I talk about saving money every day. The shame. But like anything in life, we don’t know, what we don’t know and every day is an opportunity […]
5 Money Tips For Your 20s & 30s
Most of us don’t learn about personal finance in school. And many of us aren’t taught significant or positive money lessons from our parents. Often we follow a similar path, doing similar things the way they did. But don’t get me wrong, it’s not their fault. Nor is it yours. That’s just the way things […]
Should I pay down my mortgage or invest?
One of the most popular questions I receive from readers, friends and family is whether you should pay down your mortgage or invest the money instead. This usually comes after unexpectedly receiving some additional money outside of what they would normally have, such as receiving an inheritance or a workplace bonus. The answer depends on […]
How to achieve financial independence in 2023
If you were starting out on the path to financial independence, what would you do in 2023?
How much I should save in cash versus investing?
One of the most popular questions I am asked is how much I should save in cash versus investing. You should always save the following in cash: Then any extra money you have should be put towards your investments. My approach to saving versus investing I take the view that any saving and investing should […]
Should I take a salary advance?
It’s the first thing on a Monday morning and your boiler has packed in. The plumber is due tonight, but you don’t get paid for another 10 days and have no emergency fund. This scenario isn’t make-believe but a real-world emergency anyone could face. For some, their only option is to apply for a short-term […]