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Lottery Thinking Holds You back

11/23/2012

31% of Canadians still feel that winning the lottery is the solution to their financial woes!
Most people have hopes, dreams and aspirations of winning the lottery. People lament that their life would be better if they won the lottery. They would be happier and they would be at peace. They assume that the winning lottery ticket will free them from whatever bad financial situation they are currently struggling with. It's a comforting dream, no doubt. All their problems washed away with an unexpected infusion of cash.

The problem is that this type of magical thinking can really hold us back....Read More

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Work Is Merely An Option For Susan

11/15/2012

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I am really happy to see that over 50% of TWF members read the Friday Minute newsletters. According to industry standards, this is pretty good. Thank you. I would like to think most of you read the newsletters and attend the monthly knowledge sharing events because you have a desire to improve your finances, hang out and connect with like-minded people and ponder your financial freedom. For me, the TWF has allowed me to meet new and interesting people, increase my knowledge and explore the lives of very interesting people who have done amazing things. I really appreciate all the many emails and stories I receive from members and from time to time enjoy sharing some of them with the broader community. This week I would like to share Susan’s story...Read More

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Book Review: The Rules Of Money

11/09/2012

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I recently finished reading The Rules of Money by Richard Templar.The book consists of about 100 short chapters and I will attempt to review the book by selcting key chapters that resonated with me. I will also make a recommendation if it is worth reading or not. Here is a summary of the key chapters:

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Penalised For Paying Down Debt

11/02/2012

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I went in for my annual financial check up to my bank this week. Unlike, my physical checkup, I do not mind going into my bank. Perhaps it is because my advisor does not poke and probe various parts of my anatomy! As much as I dislike debt, I could only achieve home ownership with the help of a mortgage. While this was necessary, paying off my mortgage as soon as possible is my goal; not to mention the financial benefits, including saving thousands of dollars in interest payments. This is what I learned from my financial checkup. Some mortgage contracts include a prepayment penalty. This means that the bank will penalize you if...Read More

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Lottery Thinking Holds You back

Work Is Merely An Option For Susan

Book Review: The Rules Of Money

Penalised For Paying Down Debt

Who is TWF?

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