Building Wealth And Being Happy

A Practical Guide To Financial Independence

Tag: personal finance

How Much Cash Should Be In Your Emergency Fund?

This is probably one of the questions that I get asked most often. To make sure we’re all on the same page, an emergency fund is: Money, usually kept in a savings account, for use in the event of an emergency. Emergencies could have a wide range of causes, such as finding out that a family of squirrels has stashed the corn that you were using to feed deer in […]

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The 3 Biggest Financial Challenges Faced By (Don’t Call Them Millennials!) Young People

Millennial. I’m not a fan of the word. And if you were born between the early 80’s and mid 90’s, the chances are that you’re not either. I’m not sure if it’s because most headlines that use the word millennial have negative connotations, or if because labelling generational cohorts seems like a super lazy way to make gross generalizations, but something about the word always makes my eyes gloss over.  […]

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Currency Risk And Home Country Bias

I’m getting a lot of questions about asset allocation and the percentage of your equities (stocks) you should allocate to your home country. This is a much bigger question for those of us who live outside of the world’s largest economy but still want to be heavily invested in it. With that in mind, I’m posting an excerpt on currency risk from my book. This is a controversial topic so […]

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Norbit’s Gambit – An Investment Fee Lowering Technique

In Building Wealth And Being Happy: A Practical Guide To Financial Independence, we discussed how even the smallest of investment fees can have a large, expensive impact on your portfolio. Management expense ratios (MER), made up of both operational and administrative fees, are even higher in Canada than they are south of the border. For this reason, many Canadians who are striving for fee-optimal portfolios use a strategy called Norbit’s […]

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Where to put your savings – USA [Flowchart]

If you’ve read my book Building Wealth And Being Happy: A Practical Guide To Financial Independence, you may remember that I had to cut some of the images out because of formatting issues. I promised to include supplemental info, and now I am! Here’s a flowchart that will help you prioritize your savings if you’re American. If you’re Canadian, click here. Emergency fund. Keep 3-6 months worth of expenses in […]

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Where To Put Your Savings – Canada [Flowchart]

If you’ve read my book Building Wealth And Being Happy: A Practical Guide To Financial Independence, you may remember that I had to cut some of the images out because of formatting issues. Here’s a flowchart that will help you prioritize your savings if you’re Canadian. If you’re American, get out of here! Go to your own flowchart.   Emergency fund. Keep 3-6 months worth of expenses in a high […]

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