I have observed money problems hurt career progression, close relationships, and wellbeing. Many of these problems were preventable.
Then, I found out that money was the #1 source of stress in the U.S and Canada, exceeding health-related stress, job stress, and relationship stress. Surveys show that 59% of Americans and 53% of Canadians live paycheck to paycheck.
Most of us did not learn about money in school. Plus our culture incentivizes spending, leading to many broke people who live extravagant lives. Social media amplifies this group think, urging us to keep up with our friends.
So don’t beat yourself up. The lack of education and our consumer culture makes it extremely hard to stay on track with our finances.
I believe you can grow your financial health and wealth by controlling spending and investing.
Learning about the technical parts of personal finance is 15% of the challenge. The rest is controlling your behavior by developing habits and self-discipline.
We live in the most prosperous times in human history. The income per capita has never been higher, and quality information has never been easier to access. The technical part of personal finance is simple.
I’m a frugal 29-year-old Canadian. I love squeezing the most out of my time and money. I invest over 50% of my income while maintaining a lifestyle that I consider to be full of wealth. I’ve been DIY investing for the past 6 years, and I take great pride in my 12 year old civic. I hope to drive it until 2028.
Apart from personal finance, I love fitness – weight lifting, mountain biking, and road cycling. I find it important to do something hard daily to maintain self-discipline. Fitness meets this intent, while increasing energy, sleep quality, and cognition.
As a big nerd at heart, I love reading non-fiction, and like numbers. I studied Engineering Physics at Queen’s University. I learned that a deep understanding of core concepts can be applied to an infinite number of unique situations. Core concepts simplify personal finance.
I have a full-time career as an Officer in the Canadian Armed Forces. I am always learning about human behavior, to become a better leader. It’s fascinating. Naturally, these leadership lessons spill over into personal finance.
I hold an MBA from the Royal Military College of Canada and am finishing the Accredited Financial Counselor Canada (AFCC) certification.
You won’t find content on Wealthy Corner which I do not embrace personally. Enjoy.