At least two generations of Canadians have been convinced by banks, credit card companies and observing the spending habits of their more well off parents, that it isn't normal to delay gratification.
Excellent. All you say is correct. I am sorry you personally fell for it, but also happy you are now working on a plan for financial security. It seems like every generation falls into this trap, when I was in my twenties David Chilton was pushing The Wealth Barber, same basic idea as Ramsay. Keep it up, and keep preaching this message. Personal financial security and the freedom it brings is the number one thing you can do to maintain a free and independent voice. And IF you need to borrow, don't use a fucking credit card, get a line of credit.
One final comment - wealth creation isn't that hard, frankly, its mostly about habits and mindsets. If you get your behaviors and attitudes sorted out, and are willing to work and add genuine value to society, wealth creation and accumulation is largely automatic, despite what grievance mongers and Socialists say.
Yes, that is a critical part of the equation. Even as an employee, always think about adding value in what you do. To me though the MOST important point is learning to live and enjoy life without material trappings. Learn to enjoy things that are free. Design your life around anti-materialism, be a minimalist.
Great question - the key to successful finances, generally, is spending less than you make. The difference should be invested, for growth, there are many ways to do this, from conservative savings placed into GICs to more risky investments in the stock markets with better long term returns to other investments like real estate etc. Its a big question and a big subject. But it all STARTS with saving something every time period, and if you can do that, you will be OK. And frankly, that is the hardest part. In many cases, people have to unlearn a lifetime of bad habits and mindsets.
Consumerism is one reason I think that large corporations in the grocery sector (Loblaws, Save On Foods and Sobeys), and the telecommunications industry (Bell, Rogers and Telus) support mass migration.
While Canadians are getting too high into debt and have a declining purchasing power (due to inflation and low wage increases) the big corporations need to find more ways to sell more so the shareholders or owners are happy. Hence, more people equals more groceries and more smartphones.
This is what Thomas Jefferson meant when he used the term "virtue": the ability to make one's decisions in a sovereign way without financial compulsion.
I play the Cashflow game with my kids. It’s Rich Dad, Poor Dad merch and the kids have learned what a real asset is, passive income, securities, dividends etc. Recommend!
3200 signatures. Trudeau. It is time to arrest you. We are tired of being polite. We know you are guilty of treason, Demand his arrest. No bitching, no whining, demand it.
Excellent. All you say is correct. I am sorry you personally fell for it, but also happy you are now working on a plan for financial security. It seems like every generation falls into this trap, when I was in my twenties David Chilton was pushing The Wealth Barber, same basic idea as Ramsay. Keep it up, and keep preaching this message. Personal financial security and the freedom it brings is the number one thing you can do to maintain a free and independent voice. And IF you need to borrow, don't use a fucking credit card, get a line of credit.
Thank you Mr. Lightfoot. It's never too late to take control of our finances!
No its never too late (although the earlier you start the better, to take advantage of compounding).
The key is living within your means and investing the difference.
One final comment - wealth creation isn't that hard, frankly, its mostly about habits and mindsets. If you get your behaviors and attitudes sorted out, and are willing to work and add genuine value to society, wealth creation and accumulation is largely automatic, despite what grievance mongers and Socialists say.
Yes, solve other people’s problems of boredom, lack of knowledge, pain points.
Yes, that is a critical part of the equation. Even as an employee, always think about adding value in what you do. To me though the MOST important point is learning to live and enjoy life without material trappings. Learn to enjoy things that are free. Design your life around anti-materialism, be a minimalist.
Great question - the key to successful finances, generally, is spending less than you make. The difference should be invested, for growth, there are many ways to do this, from conservative savings placed into GICs to more risky investments in the stock markets with better long term returns to other investments like real estate etc. Its a big question and a big subject. But it all STARTS with saving something every time period, and if you can do that, you will be OK. And frankly, that is the hardest part. In many cases, people have to unlearn a lifetime of bad habits and mindsets.
Consumerism is one reason I think that large corporations in the grocery sector (Loblaws, Save On Foods and Sobeys), and the telecommunications industry (Bell, Rogers and Telus) support mass migration.
While Canadians are getting too high into debt and have a declining purchasing power (due to inflation and low wage increases) the big corporations need to find more ways to sell more so the shareholders or owners are happy. Hence, more people equals more groceries and more smartphones.
This is what Thomas Jefferson meant when he used the term "virtue": the ability to make one's decisions in a sovereign way without financial compulsion.
That’s why usury has been outlawed in most of the world for most of history.
I play the Cashflow game with my kids. It’s Rich Dad, Poor Dad merch and the kids have learned what a real asset is, passive income, securities, dividends etc. Recommend!
Amazing! Great skills to pass on while they are young.
3200 signatures. Trudeau. It is time to arrest you. We are tired of being polite. We know you are guilty of treason, Demand his arrest. No bitching, no whining, demand it.
www.Trudeaufortreason.com