Every Picture Tells a Story

 

 

 

Another RRSP season is now behind us and I don’t know if it’s just me but this one seemed more low key than usual. Maybe Mr. Trump was hogging all the airwaves this time around?

What concerns me is that the advertisers continue to sell us a version of retirement that doesn’t reflect the current reality for many people. The images of the carefree happy couple sitting on a beach while sipping on a strawberry daiquiri, or the couple sailing on a yacht, smiling with the sun shining and the wind blowing through their hair.           Continue reading “Every Picture Tells a Story”

Financial Independence and Zen Awakening

 

 

 

I was recently asked to review a new book “Zen and the Art of Wealth” by Warren Mackenzie, which is a story of two friends who chat while one helps the other build his drystone wall. It’s a good book and reminded me of some important life lessons that I had forgotten over the years. The book also triggered some memories about how I was first exposed to the world of Zen. Continue reading “Financial Independence and Zen Awakening”

Prolonged Exposure To High Stress Will Mess You Up

Wall Street Banker
Wall Street Banker

I had to write this blog in response to what happened recently at Wells Fargo.

I’ve spent most of my working life, thirty eight years, in the financial services industry and was lucky to escape relatively largely free from long-term damage (I was damaged a little, but am recovering nicely).  I feel for the employees of Well Fargo who, in order to survive, in order to protect their jobs and their families, felt compelled to open over two million chequing and other accounts without their customers knowledge.

 

How did this ever happen?

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Considering A Sale Leaseback On My Home

Real Estate and Cash concept on green blackboard

This idea came to me while away fishing and the more I think about it the more appealing it becomes. Sale leasebacks are common in the commercial property arena but I couldn’t recall seeing it discussed with respect to residential property. I googled “sale leaseback residential property” and was pleasantly surprised to find that some people are already doing it.

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Don’t Fall for The Great Retirement Con (Part 2)

Snake oil Salesman

Over the years, like many of you, I was lulled into believing that retirement was the natural conclusion of things, the final step so to speak. I bought into the deal that my role was to work for thirty plus years, pay off the mortgage and help the kids get through school and off to a good start in life. Once that was all done, and my major responsibilities were behind me, I would be allowed to retire. But retire to what?

Nobody really talked about that part of the deal and that was the part that I was really interested in. Something started to smell funny. Remember, I’m skeptical and so I started to dig deeper into this retirement thing. I was surprised when I finally came to discover that retirement is a relatively recent twentieth century phenomenon and that prior to the industrialization of this country, retirement didn’t exist at all!

Continue reading “Don’t Fall for The Great Retirement Con (Part 2)”

Books That Changed My Life

Books That Changed My LifeI have always been a firmer believer that most of the answers that we are looking for have already been written about. The trick is finding out where that information is hidden and one of the purposes of this site is to share helpful information sources with each other so that we can all benefit. I’m also a big believer in the power of role models, people who have proven successful at what I want to do. It’s much easier to see how another person accomplished some goal and then just copy what they did. Odds are if you do that you will be successful as well.

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My Financial Epiphany

My Financial EpiphanyFirst, a little bit of background. I have spent all of my working life (38 years) in the banking industry so it’s safe to assume that I have a good handle on most things relating to money. I’ve always been a good saver and like most people bought into the idea that the more money I saved for retirement the better my eventual retirement would be. That wasn’t my only mistake.

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