The Three Pillars of Wealth

Expense Management
Efforts to increase income and invest are futile if you can't control spending.

Invest
Use compound growth to build long term wealth. Learn about index funds, risk, asset allocation, taxes and Canadian tax sheltered accounts.

Increase Income
Increase your ability to solve problems for others, to boost income and wellbeing.
- Conduct an expense audit to understand where your money is going.
- Use the free expense/income tracker to manage and meet monthly savings goals.
- Learn about forced savings to manage your money with maximum simplicity.
- Shelter, Transport and Food account for over 50% of US and Canadian spending. Spend efforts here.
- Evaluate renting versus owning shelter – the largest financial decision most make.
- Understand low-cost Index Funds. They statistically outperform stock selection and professional mutual fund managers.
- Understand the difference between decisions and outcomes.
- Learn about human biases and risk to ensure your investments match your unique risk tolerance.
- Learn about How the Tax-Free Savings Account (TFSA) Works so you can generate tax-free investment income.
- Use the TFSA, RRSP and taxable account for my investments to maximize after-tax wealth. Use this calculator.
- Invest in your human capital by investing in your knowledge, skills and habits. This will enhance earnings power.
- Understand the difference between scalable and non-scalable income.
- Improve investment income from Pillar 2.
The Personal Finance Formula

Core Concepts & Values
A few core concepts and values are laced into the three pillars of wealth. Concepts apply across a variety of personal finance situations.
That’s great because personal finance is personal.
Resources:
