TFSA: Taking Control of Your Earnings

Taxation 

Everyone loves taxes, right? The system that slices away a hefty chunk of your paycheck—often around 30% or more of your hard-earned income. While taxes fund essential public services, it’s understandable to want to keep as much of your earnings as possible.

The wealthy understand this concept deeply. They don't just rely on high-paying jobs; they make their money work for them by investing wisely. Luckily, in Canada, there’s a golden opportunity for all of us to grow wealth tax-free: the Tax-Free Savings Account (TFSA).

The Religion of Personal Finance

Personal Finance as a Modern Faith

To many outside the financial world, personal finance might feel almost like a religion. With its own set of beliefs, jargon, acronyms, and even fanatical followers, personal finance has newcomers to “the fold” and those who have “strayed from the path.” Each group forms tight-knit communities, sharing insights and supporting each other in their journey. Much like those who follow religious teachings, personal finance advocates want to help others benefit from the lessons they’ve learned. But for some, this unyielding devotion can feel overwhelming, which might explain why personal finance can turn people off.

Benefits of Comparison - Net Worth

Comparison is a thief of joy. Generally comparison is looked down upon and for good reason, but a part of me wonders if there is some good that comes from comparison. Growing up going to public school there are many things to compare yourself to. Grades, looks, athleticism, height, maturity, lunches, clothes the list goes on. Now in most circumstances this can lead to anxiety, depression, self consciousness but there can be a positive side to comparison. It leads to norms and leads to social order. If you are too weird you might get made fun of which in turns makes you second guess acting out in the future. Not wanting to stand out, most teens will conform to the norms they see around them.