Yesterday was the day I finally did it. I’ve been talking about doing it for quite some time – but kept putting it off. No, I am not talking about creating a personal finance blog (i did that today)…and I am definitely not talking about going to the gym. Yesterday I went to the bank and turned my bank account (the same account I’ve had since I was 8 years old) into a joint account with my wife.
The real reason for making the bank appointment was to set up a spousal RSP & open a TFSA & Direct Investing account for my wife-but I decided it would just be easier to manage everything through one account. This may not seem like a big deal – in fact most married people I know always found it strange that we had separate accounts…hell I am sure even my wife thought it was odd. For some reason though, when I was asked to sign on the dotted line, I hesitated. Oh well – it’s done now.
Anyways – Moving on….
My parents are great. They’ve always supported everything we’ve ever done, we see each other multiple times a week and they are great Grandparents….BUT my parents have never been great with money. Don’t get me wrong, they are doing fine – they both have pensions, are enjoying life and have never “struggled” to put food on the table or anything… BUT I am pretty confident they couldn’t explain the difference between a TFSA/RRSP. I don’t believe my Dad has ever had an RRSP, owned a stock, or made a personal budget. So it might be shocking to know that this website, and my own financial portfolio exists mostly because of my Dad.
Around the time I was graduating high school, my dad gave me the book “The Wealthy Barber” by David Chilton. It changed the way I thought of money, wealth, retirement and the shaped the way I would live the rest of my life.
Don’t get me wrong – I’ve been interested in money & business from a young age. When i was 10 years old, I set up a hockey card & comic book shop in my basement. I would buy and sell cards/comics with kids in the neighborhood. I would buy candy and drinks and sell them to other kids (at a small markup of course:). I was always scheming ways to make a few dollars…but it wasn’t until reading the Wealthy Barber that I took it to the next level. I opened my first RRSP at the age of 18, bought my house at 21, and have been doing my best to build up my net worth ever since.
This website is mainly for me. I wanted to have a place to track my financial goals, monitor my portfolio and review new things I try – however I’d also like to share some thoughts and ideas with others who may be interested in the same things – so hopefully this website can be for you too. Enjoy!