This fall, I decided to go on a financial self-education journey. It started with binge watching Til Debt Do Us Part and resulted in this blog. In between, I read a bunch of books, discovered the financial independence movement (more on that later!), and realized that I actually find personal finance fascinating. It sounds dry to talk about credit scores or budgets, but money actually touches on some of the most captivating things about human lives: values, priorities, goals, personalities, upbringing, and relationships. It can be a huge source of stress and shame, and is a pretty taboo topic in many cases. It's lead me to some amazingly deep conversations with my partner, like the role that our careers play in defining our lives and how we feel about it.
Little Pennywise agrees.
Tough conversations are important, and it's okay to bring a stuffie.
My financial past is kind of indistinct. I don't have any big debt repayment success stories, nor have I always been naturally great with money or a huge saver. My goal in my 20's was to work my way through school (too much school) with as little debt as possible. I was semi-frugal, but my 'net worth' was always a little below zero. I thought savings are something to worry about later. It seemed like everyone told me conflicting things, and since in theory I'm supposed to be good at math, I felt embarrassed about how ignorant I was. I didn't even know where to start.
Turns out, personal finance is not rocket science. There's some weird bro culture around it, and you can definitely get into the weeds if you like. But, you can also do great just knowing some basic principles. I want to summarize what I've learned, for myself and to share in case it's useful for others. I'll also be incorporating topics relevant to my other interests, like entrepreneurship and start-up life.
Posts I'm currently working on:
My favourite side-hustles
My switch from Mint to YNAB
What's inspired me about the financial independence movement
Why Montreal is maybe the ideal city to start a tech company in North America
Some favourite books, blogs, and podcasts
If you want to start now, I could not more strongly recommend The Simple Path to Wealth by JL Collins. It's also on Audible and the author is a great narrator. His dry sense of humour is maybe even better in audio format than written.
The tax nightmare of being a dual US-Canadian citizen
Why people say mutual funds are a rip off (they are correct)