This is the straightforward blueprint I'm following to retire as a millionaire. It's not a get rich quick scheme, if that's what you're here for you've come to the wrong channel. Instead I'm following a slow and steady process to build wealth over the course of my career, while ensuring I still get to enjoy and live my life comfortably day to day. The key is finding the right balance between spending and saving. From there, it's not hard to follow this path, diversify your streams of income, and use the stock market to grow your wealth.

THE EXPENSE TRACKING AND VALUES BASED SPENDING COURSE:

https://howtoadultschool.thinkific.com/courses/expense-tracking-course

LEARN MORE FROM THESE EPISODES:

- Two Money Mindset Hacks I Used to Save 6 Figures In My 20's:

https://www.youtube.com/watch?v=uOomvF6pqU8

- RRSPs for Beginners:

https://www.youtube.com/watch?v=FvLZ4T7Dj44&t=81s

JOIN THE COMMUNITY AND START LEARNING

- Learn to track your expenses and spend according to your financial values: https://howtoadultschool.thinkific.com/courses/expense-tracking-course

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadultschool/

- Tiktok https://www.tiktok.com/@howtoadultschool?lang=en

Note: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!

In today's episode I'm going to teach you the expense tracking technique I've used for years to balance my spending vs saving. Learning how to do this exercise will help you start to save more money even if increasing your savings rate has felt impossible up until now. Whether you struggle with impulse spending, or if you feel like you don't spend much but still can't manage to save money, this expense tracking tool will help you learn to save more money while still allowing yourself to spend money on the things that bring you joy in life.

If you like the spreadsheet I use or want to learn more, make sure you check out the expense tracking and values based spending course I teach so you can learn how to do this in more detail, and download the exact spreadsheet that I use here.

THE EXPENSE TRACKING AND VALUES BASED SPENDING COURSE:

https://howtoadultschool.thinkific.com/courses/expense-tracking-course

LEARN MORE FROM THESE EPISODES:

- Two Money Mindset Hacks I Used to Save 6 Figures In My 20's:

https://www.youtube.com/watch?v=uOomvF6pqU8

- RRSPs for Beginners:

https://www.youtube.com/watch?v=FvLZ4T7Dj44&t=81s

JOIN THE COMMUNITY AND START LEARNING

- Learn to track your expenses and spend according to your financial values: https://howtoadultschool.thinkific.com/courses/expense-tracking-course

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadultschool/

- Tiktok https://www.tiktok.com/@howtoadultschool?lang=en

This episode walks you through everything you need to know about the new Canadian First Home Savings Account, also known as the FHSA. This new account was designed to help Canadian home buyers get a foot in the Canadian housing market. So if you're planning on buying your first home in Canada sometime in your future, you definitely want to learn about this account and how to use it properly, so you can open up your own FHSA and start using the tax advantages of this account to start saving for your future property purchase right away.

LEARN MORE FROM THESE EPISODES:

- The Beginner's Guide to TFSAs https://www.youtube.com/watch?v=JMSyFP5I50Q&t=99s

- RRSPs for Beginners https://www.youtube.com/watch?v=FvLZ4T7Dj44&t=81s

JOIN THE COMMUNITY AND START LEARNING

- Learn to track your expenses and spend according to your financial values: https://howtoadultschool.thinkific.com/courses/expense-tracking-course

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadultschool/

- Tiktok https://www.tiktok.com/@howtoadultschool?lang=en

This episode of the How To Adult Show is a deep dive into the idea that many millionaires pay less tax than the average working person. While many people assume that this is because they're doing something illegal with their taxes, this couldn't be farther from the truth! The 'millionaires' of society follow the same tax code as the rest of us, the difference is they've either taken the time to learn how to use the tax code to their advantage, or they have enough money to hire someone to do this for them. This means they understand how to save thousands of dollars in unnecessary taxes every year, that many of us pay simply because we don't understand how the system works! In today's episode I walk you through the basics of the tax code, and outline the blueprint that everyone can follow to start working towards their own millionaire status, starting with saving money on taxes every year!

LEARN MORE FROM THESE EPISODES:

- 10 Tax Write Offs That Aren't Just For Entrepreneurs https://www.youtube.com/watch?v=speHvgoNK_8&t=393s

- How To Use Your RRSP To Pay Less Tax https://www.youtube.com/watch?v=5sn-t18lFoQ&t=398s

JOIN THE COMMUNITY AND START LEARNING

- Learn to track your expenses and spend according to your financial values: https://howtoadultschool.thinkific.com/courses/expense-tracking-course

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadultschool/

- Tiktok https://www.tiktok.com/@howtoadultschool?lang=en

You're probably feeling like there's a constant struggle between spending your money on things that make life enjoyable, while still saving enough money to prepare for your future. If you're wondering how it's even possible to save money these days without living a monkish existence, I'm going to share the two mindset hacks I used throughout my 20's to save money while still getting to travel, eat out, and generally spend money on things that make life fun and sparkly still. I set some big financial goals for myself during my first 'adult working years', and by the time I was 27 I'd accomplished most of them including buying my first home, working for myself, creating a 12 month emergency fund (so I could keep working for myself!), and creating a healthy retirement investment portfolio in my RRSP and TFSA accounts. I earned a fairly normal salary as a wedding photographer during these years, and I still enjoyed going out and doing fun things during this time in my life instead of living a hermit-like existence in my parents' basement just to save money. When I look back on these years, my financial success came down to two financial mindset practices I used to get my financial ducks in a row. Want to learn how? Catch this episode of the How To Adult Show and let me know what you think!

JOIN THE COMMUNITY AND START LEARNING

- Learn to track your expenses and spend according to your financial values: https://howtoadultschool.thinkific.com/courses/expense-tracking-course

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadultschool/

- Tiktok https://www.tiktok.com/@howtoadultschool?lang=en

Note: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!

The question I get asked every year is 'should I prioritize contributing to my RRSP or my TFSA?'. The truth is, as long as you're saving and investing you're doing the right thing, but in today's episode I'm going to walk you through an overview of what each account is, the key differences between your RRSP and TFSA accounts, and how to decide which account to contribute to if you have limited savings and don't know which account you should use. In this episode we'll also talk about the ultimate strategy to use both your RRSP and TFSA to maximize your savings, minimize your tax burden, and maximize your income over the course of your life.

EPISODES MENTIONED IN THIS EPISODE:

- RRSPs For Beginners https://www.youtube.com/watch?v=FvLZ4T7Dj44

- TFSAs For Beginners https://www.youtube.com/watch?v=JMSyFP5I50Q&t=97s

- How To Use Your RRSP To Pay Less Tax https://www.youtube.com/watch?v=5sn-t18lFoQ&t=397s

JOIN THE COMMUNITY AND START LEARNING

- The Expense Tracking and Values Based Spending Course https://howtoadultschool.thinkific.co...

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadults...

- Tiktok https://www.tiktok.com/@howtoadultsch...

If this is the year you've decided to get your personal finances together, I've created the ultimate reading list for you! Read these 5 personal finance books (in this order), to go from finance newbie to beginner investor. This book list will guide you through everything you need to know about managing your money, from getting started balance your income vs expenses, all the way through to getting started using the stock market and investing to grow wealth for your future financial freedom.

JOIN THE COMMUNITY AND LEARN MORE

- The Expense Tracking Course https://howtoadultschool.thinkific.co...

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadults...

- Tiktok https://www.tiktok.com/@howtoadultsch...

Note: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!

#howtoinvest #personalfinancebooks #personalfinance #howtoadultschool

With all the hype around GIC's right now you might be wondering if you should use some of your savings to purchase a GIC or two. Before you dive in to GIC investing though, make sure you watch this video to understand what is a GIC, how you should use a GIC, what a GIC is good for, and when you shouldn't use a GIC. GIC's are offering appealing interest rates right now, but make sure you do your research before buying because the opportunity cost could be too high!

JOIN THE COMMUNITY AND LEARN MORE

- The Expense Tracking Course https://howtoadultschool.thinkific.co...

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadults...

- Tiktok https://www.tiktok.com/@howtoadultsch...

Note: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!

Lately I've been feeling like some of the spending habits I developed during the pandemic years need to change. I'm usually very conscious of how I spend my money, but sometimes you need to step back and take a long hard look at some of your unconscious habits (especially spending habits!) to see if you need to make any changes. Over the course of the last 6 months I've identified 5 spending habits that are no longer in alignment with my financial values, so it was time to make some changes!

In this episode of the How To Adult Show, I share 5 expenses that I'm cutting out of my life this year because they no longer align with my financial values, and no longer contribute to building the life I want to be living. As an added bonus I'll save a bit of money by cutting out these spending habits as well!

JOIN THE COMMUNITY AND LEARN MORE

- The Expense Tracking Course https://howtoadultschool.thinkific.co...

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadults...

- Tiktok https://www.tiktok.com/@howtoadultsch...

If it feels like you're struggling financially these days, I want you to know you're not the only one feeling that way! Inflation has increased the cost of living drastically, which is making it harder for millions of people to make ends meet each month. If you've been getting an annual raise of 3% or less, your salary hasn't even allowed you to keep up with inflation, and this is why it feels like money is tighter now than it was two years ago!

In this episode of the How To Adult Show I walk you through 6 tips to help you manage your money right now in the face of rising costs of living, stagnating wages, and a rocky job market.

LINKS MENTIONED IN THE EPISODE

- Understanding the Canadian Tax System https://www.youtube.com/watch?v=_Ay_1MI1o5M&t=417s

- How to negotiate your bills https://www.youtube.com/watch?v=tlqoevaVIxQ&t=402s

JOIN THE COMMUNITY AND LEARN MORE

- The Expense Tracking Course https://howtoadultschool.thinkific.com/courses/expense-tracking-course

- Website https://howtoadultschool.com/

- Instagram https://www.instagram.com/howtoadultschool/

- Tiktok https://www.tiktok.com/@howtoadultschool?lang=e