Stuff I Like, Part 1

Stuff I Like, Part 1

You should spend money according to your values and priorities. The same is true of your time. This week my time needs to be spent on priorities that aren't this website. Namely: studying for my certified financial planner tests taking a business planning seminar volunteering travelling With these commitments there isn't a lot of time for other things, such as this website. So for this week and next, instead of my usual article, I'm going to share with you some of my favourite online and print resources, and Winnipeg businesses and non-profits. Online Resources Raptitude A blog full of thoughtful, quality…

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Why I Don’t and Won’t Have Ads on this Site

I consider it imperative to carefully consider each purchase and to minimize impulse spending. It would therefore be hypocritical of me to profit off of internet ads which are intended to encourage impulse clicking and buying. I’d rather make no money at all, than earn money in this manner. Also, ads are just annoying. I prefer websites without ads, especially the pop-up ones, and suspect that you do as well. Will I ever have ads on my website? Maybe. I would consider an ad if it was for a product or service that I am very familiar with and am comfortable recommending to most people.…

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What are the Most Essential Life Skills?

There are some really long lists of essential life skills that include items such as: changing tires, using power tools, sewing a button on, etc. Although I think people should try to learn many different things, a lot of these "life necessities" can be avoided by one's lifestyle choices. You can chose to never own a car or a house, for example. So my life skill list ends up being much shorter (and admittedly a bit general as there are many ways to obtain the same result). I think every person should be able to: Provide food for themselves or others Obtain necessary life products…

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Risk of Needing Money Suddenly

Risk is an unavoidable part of life. What comes to mind when you think about financial risk? Investing in the stock market? Overpaying for something? Losing your job? Being broke at retirement? In this post series I’ll discuss the ways you may be risking your money.  Being aware of these will help you make smarter choices when managing your money. Here is Part One - Inflation Risk Part Two - Risk of Needing Money Suddenly There are many reasons that you might suddenly need more money (or have less income). Some of the common ones include: Job loss or decrease in hours from: being fired…

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Inflation Risk

Risk is an unavoidable part of life. What comes to mind when you think about financial risk? Investing in the stock market? Overpaying for something? Losing your job? Being broke at retirement? In this post series I’ll discuss the ways you may be risking your money.  Being aware of these will help you make smarter choices when managing your money. Part One - Inflation Risk (or the risk of running out of money) When I first started working, almost twenty years ago, you could rent a one-bedroom apartment for around $400 a month. Now that cost has roughly doubled, with apartments easily going for $800…

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