Raising Financially Fit Kids (2013)

As a par­ent of two small kids and some­one who’s always equat­ed mon­ey with free­dom, I want to make sure I teach my chil­dren sol­id mon­ey val­ues. Joline’s book is great for help­ing par­ents under­stand what chil­dren of a giv­en age can com­pre­hend about mon­ey and how to build a foun­da­tion for sol­id finan­cial val­ues.

I keep this book handy, and con­sult it reg­u­lar­ly. In fact, I even used it for inspi­ra­tion on my own book’s lay­out.

Have you read this book? If you have, let me know what you think in the com­ments.

Fees? What Fees?!

It’s incred­i­ble how unin­formed peo­ple are about their own finances. This arti­cle on the cost of British mutu­al funds is a lit­tle scary: The under­ly­ing prob­lem, at least when it comes to retail clients, is that fund man­agers do not com­pete on price at all. Part of this is due to many investors’ igno­rance. Remarkably, more than […]

Too much choice

Bob Moesta is a guy I fol­low because he real­ly under­stands con­sumers and how they make deci­sions about the prod­ucts they use (or don’t). 1/2 Too much choice dri­ves non-con­sump­tion. Anxiety of being wrong or too much to learn to make a deci­sion. — Bob Moesta (@bmoesta) October 20, 2016 As I was doing research for […]

Embed live market data in a google sheet

Want to track your port­fo­lio with the list amount of effort? Setup a Google Sheet with the infor­ma­tion you want (here’s the land­ing page for the tem­plate we use for the Elephant’s Paycheck, you can save a copy and edit it for your own needs). The rea­son I use Google Sheets is because it makes it easy […]

Building wealth and life experience

From my own expe­ri­ence, earn­ing mon­ey is only part of the bat­tle. Not spend­ing what you earn, and turn­ing it into sus­tain­able wealth is the oth­er part. Possibly the hard­er part. In my book, I talk about my own jour­ney. Having earned a lot before I was 30, I had to learn “what next?”. Without being dri­ven by […]

Canadian dividend investors

I worked with an incred­i­ble team in Montreal, and know I have read­ers and own­ers of my book in Canada. This post is for you, though I can’t take any orig­i­nal writ­ing cred­it on this one. Start with an overview of what it’s like hold­ing US com­pa­nies in a Canadian port­fo­lio. Canadian com­pa­nies that deliv­er investors annu­al div­i­dend […]

canadian dividend aristocrats

3 Investing truths (that are ridiculously untrue)

I saw the fol­low­ing tweet and relat­ed to James’ sen­ti­ment: “It pays a good div­i­dend” might be the most com­mon, and least informed argu­ment for keep­ing any indi­vid­ual stock. — James Osborne, CFP® (@BasonAsset) September 26, 2016 I love div­i­dends, but “pay­ing a good one” is an awful argu­ment for buy­ing or keep­ing an invest­ment. Other con­tenders […]

investing truths

Whose side are they on?

The ‘they’ I’m refer­ring to in the title is not your advi­sor, but rather the whole indus­try at large. We hear that mutu­al funds are bet­ter. Mutual funds help indi­vid­u­als to diver­si­fy. We hear that indi­vid­ual investors shouldn’t be invest­ing in indi­vid­ual stocks. The thing is, that may be true, in part. However… So many mutu­al funds […]

Whose side are they on

The importance of dividends for long term investing

Dividend compounding has a massive effect on sustainable wealth building

This tweet should speak for itself: A reminder of what you’re doing when you cite mar­ket returns with­out div­i­dends. pic.twitter.com/QVrx9WJlqB — Morgan Housel (@morganhousel) August 19, 2016 Dividends and rein­vest­ing are mag­ic, as long as you keep a long term per­spec­tive. It’s amaz­ing that it’s so hard to find met­rics to help peo­ple focus on long term […]