Wednesday, October 31, 2012

The Wealthy Barber Returns

Three things to know about my one and only financial book, The Wealthy Barber Returns:
  1. Apparently, he "returns".  There is an original book out there, written many moons ago.  I didn't read it.
  2. There is no such thing as an actual wealthy barber (he made it up in the first book, presumably choosing the profession of barber to make saving seem attainable and easy)
  3. It has somehow managed to scare me into worrying about saving for my retirement.  I'm 26.
This book is great.  It's the only financial book I've ever read, and it may be the only one I ever read.  It explained the difference between RRSPs, RESPs, TFSAs, the list goes on.

I highly recommend this book.  I highly recommend that you don't run out and buy it, but borrow it from your local Public Library (post to come soon on why libraries rock).  

Trust me, the author won't be mad I suggested this.  I learned these things from him, after all.  The book was a gift from my Nana, so special shout out to her!

Welcome...

I am not really the blogger type- I don't have an interesting hobbies, take many professional looking photos, or follow fashion.  I don't really have a passion for much of anything past my job and socializing. But I realized, watching an episode of "Princess" on Slice that I have a passion for something... finding ways to cut my costs, save my money, and eventually "Pay it all back".

I acquired quite a bit of debt going to school, partly enabled by seemingly endless funds in a Line of Credit (LOC) and generous Provincial and Federal Student Loans.  Combined with an insatiable desire for travel, it was a recipe for disaster, or, at the very least, a lot of debt and interest payments.  I managed to pay off $70,000 in just 27 months. 

I'm hoping that with this blog (if anybody ever reads it) you learn interesting new ways to save money beyond the "don't buy a cup of coffee" advice you usually hear.


- C