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Helping Canadians with Personal Finance Since 2006

Money Psychology

Building Wealth is like Playing a Video Game

When I was young, I was enamored with video games.  I enjoyed the challenge of trying to beat the computer, building my points balance, and finishing the game.  It started with games like the original Super Mario Brothers and Contra on the Nintendo game console (NES).  After mastering many games, a newer generation console was released, Super Nintendo…

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How Come I’m Not Rich?

Editors Note:  This article was originally posted in 2011, but still highly relevant. “90% of putts that are short don’t go in.” – Yogi Berra Why are some people able to become wealthy relatively easily, when most people struggle with their finances? In Canada, about 1 person in 50 is a millionaire and in the…

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Four Money-induced Attributes to be Wary About

This is a post by our regular columnist Clark. Money, as is widely known, is only a tool (“a” and not “the” because bartering is an effective one too for many goods and services) that helps a person fulfill their needs and also satisfy wants. Ed Rempel had written about six values involving money that…

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Resisting Social Pressure

This is a column from regular contributor Clark Personal finance blogs discuss the advantages of buying used items and they are spot on. Besides saving money for the individual, the items get an extended life and prolong their inevitable exit to the landfill, unless one can find a way to upcycle them. So, there is…

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The Fear of Money

I’ll admit I have a few fears, boa constrictors and heights among them. Fortunately I don’t have to face either on a regular basis. To really face my fears I’d have to go bungee jumping with a boa constrictor. A true anxiety invoking fear of money is called chrematophobia. Some of its symptoms include heart…

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Wealth and Socioeconomic Class

I love rags to riches stories. A new Canadian arrives penniless and within two decades, he’s a multi-millionaire. Someone from the wrong side of the tracks gets spotted, tries out for an audition and becomes a well paid actress. It makes a great movie plot. Cinderella, The Blind Side, Prince and the Pauper and Slumdog…

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To Succeed Financially, You Must Know Yourself

There is no one way to wealth. Financial success isn’t about picking the right stocks or buying into the right financial philosophy. There are many a great financial mind that has written a book or given a seminar on how to get rich. To succeed financially you have to know what works for you. If…

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Financial Values: Spending More & Spending Less

Part of finding a balance in our spending habits means spending more money on things that enrich our lives and spending less money on things that don’t matter so much. When I work with people as a financial coach, I often get them to do a values exercise. This happens after they’ve already tracked their…

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