Building Wealth And Being Happy

A Practical Guide To Financial Independence

Tag: savings

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 One Thing Everyone’s Missing About The Latte Factor

The latte factor

The Disagreement There’s been a little bit of drama in the personal finance blogosphere lately. Rachel Thompson recently wrote an article titled “I’m a millennial, and believe me, coffee is not the reason I’m broke.” Rachel raised some valid grievances such as rising education costs and difficult job markets, but she passed off those grievances as excuses for frivolous spending. One specific paragraph landed her in hot water among the […]

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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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