How I’m Adopting an Abundance Mindset (and Applying It to My Investing Strategy)

March 3, 2017

How I'm Adopting an Abundance Mindset (and Applying It to My Investing Strategy)

When I first decided to spend a month experimenting with slow money, my goal was simply to do a proper check-in with my finances. It had been years since I’d had any major financial goals to work towards, which I knew was only going to lead me down the road to nowhere. And even though I had maintained all my savings in my first 20 months of self-employment, I wasn’t happy with how much I was spending on my business and I hated feeling like all I was doing was staying afloat. So, I set a list of intentions and have spent the last four weeks crossing off every last one of them.

Experiment #2: Slow Money

Most of these were easy to tackle. I’ve done this exercise enough times to know what I value, which made setting new goals and finding ways to achieve them simple. However, when it came to changing my investing strategy, I struggled to get comfortable with implementing what I knew I wanted to do.

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Are You Using the Best Financial Products for You?

March 1, 2017

Are You Using the Best Financial Products for You?

Long before I started a personal finance blog, I was someone who secretly loved comparing financial products. I was always on the hunt for the cheapest chequing account with unlimited transactions or the savings account with the highest interest rate, and I wasn’t afraid to switch banks (multiple times) to get the best. As soon as I discovered free options, I was hooked and knew I would never go back to paying for my daily banking products. I used Coast Capital Savings for 5 years, then switched to Tangerine (formerly ING Direct Canada) in 2012 and haven’t looked back since.

Even though I’ve always cared about using the best banking products, it took a long time for me to start caring about my credit cards. In fact, it wasn’t until early 2015 that I finally bothered to compare all the rewards credit cards available in Canada. It’s obvious why I pushed back on the idea for so long: after close to a decade of using credit cards like they were free money and carrying the debt around, I didn’t trust myself to use a rewards credit card properly. But in early 2015, I did the comparison, picked two cards and used them for two years – until I decided they weren’t the best cards for me anymore…

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How I Plan to Cut My Business Expenses in Half This Year

February 20, 2017

How I Plan to Cut My Business Expenses in Half This Year

Since quitting my job in 2015, I’ve intentionally chosen not to write about my business too much. It’s not the topic I want to be known for, and there are bloggers who do a much better job of it already. However, my good friend Kara who runs bravely keeps reminding me that being transparent and sharing the details (including the numbers) has the power to help other women who want to start their own businesses. Being transparent is already part of my M.O., and my numbers have never been off limits. So, if there’s a chance that sharing this information could help even one person, I think I’ll publish my numbers once a year.

It probably makes the most sense to show you my overall numbers at the end of each year, so that will be the plan. However, since I’ve never published this before, I’ll start by sharing some of last year’s numbers so we have something to compare this year’s to. Last week, I mentioned that one of my two new financial goals is to cut back on my expenses and run a lean business this year; that goal only exists because I was not happy with how much I spent in 2016. You might thinking running an online business would be cheap, but somehow I managed to spend exactly $14,000 on mine. Here’s a quick breakdown of where that total came from:

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