Tag: saving money
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Self-Insurance: Are Insurance Companies Taking Too Much of Your Money?
Self-insurance can help you stop paying for risks you can afford yourself. Discover Charlie Munger’s approach to insurance and keeping more money.
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Financial Intelligence Is Overrated: Good Behavior Makes You Rich
Financial discipline matters more than financial genius. Learn how patience, saving and simple habits can build wealth and buy freedom.
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Personal Responsibility: The Best Defense Against Poverty
earn how personal responsibility and smart life choices can reduce the risk of poverty while recognizing the important role of sound public policy.
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Retirement Spending: Why Spending Your Savings Is the Hardest Part of Retirement
Retirement spending is harder than saving. Learn why retirees struggle to use their nest egg and how to enjoy the wealth you’ve worked decades to build.
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Are You Insured, Uninsured, Or Self-Insured? Which One Works Best for You?
In a previous blog post, I shared how the movie The Godfather influenced my life. Another film that shaped my thinking is Wall Street (1987) with Michael Douglas. Two lines from the movie are particularly memorable: “There is no nobility in poverty dad, one day you are going to be proud of me.” “The point…
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From Financial Hardship to FIRE: My Journey to Frugality and Financial Independence
Today I would like to speak about frugality and why am I so frugal. I have always lived a frugal life, but now as I am transitioning into retirement, I am questioning my frugality. When I came to Canada, as an international student, I experienced financial hardship, like most college students. I was working under…