What is Your Financial Plan B ?
If things don’t work initially for your finances, do you have a financial plan b ? All plans change, once they are started, but sometimes you need a replacement plan.
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Financial Planning
How do You Steer an Elephant?
How do you steer an elephant is an interesting financial query. What do elephants have to do with debt and money? I guess you’ll have to read and find out.
The Locked In Factor
Feeling locked in isn’t just a tech problem—it happens in finance too. In this post, I reflect on how I ended up financially locked in by sticking with familiar but underperforming investment products like mutual funds in my kids’ RESP. Despite better options like ETFs being available, I stayed put out of habit, convenience, or the illusion of safety.
Inspired by the concept of technological lock-in, I realized this mindset also affects our financial decisions. We often cling to what we know, even when better alternatives exist. The key takeaway? Regularly re-evaluate your financial choices. Just because something worked before doesn’t mean it’s still your best option.
Keywords: locked in, financial decision-making, RESP, mutual funds vs ETFs, investment strategy, financial planning, Canadian finance
Here Comes the Summer (Big Spending List)
Summer of our Discontented Spending Yes, Mrs. C8j suggested that I do a post about the upcoming summer and ask, “Are you ready for the summer?”, and when I ask it of course is asking,… Read More »Here Comes the Summer (Big Spending List)
“Don’t Mistake Activity for Achievement”
Just because you look busy, doesn’t mean you are doing any good, so “Don’t mistake activity for achievement “.
