Why I Dumped My Financial Advisor

Why I Dumped My Financial Advisor

I was with my broker for over a decade. I trusted him because he was an old university friend and, having worked with him on some business school projects, I also knew he was very intelligent and personable. And he was also up front about his compensation and he didn’t recommend anything he wouldn’t be confident investing in himself. The advice was sound and his fee of $1,000 per year felt fair so I didn’t see any need to make a change. 

Life was good.

Then, he had the nerve to fall in love with an American woman (ah, love), which lead him to move to the U.S. As a result, he sold his practice to another fellow.

Not the same type of guy.

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Money: It’s Not That Complicated

Money: It’s Not That Complicated

There’s been a recurring theme in what I’ve been reading and watching lately. From The Big Short to Pound Foolish to Four Horsemen to Requiem for the American Dream to Frontline's Retirement Gamble, the message is that the only reason money management is complicated and expensive is that we allow it be by believing what the financial services industry (aka Big Banks) tells us about it.

And it’s a big fat lie.

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Death to the Sound Bite: Context Is Everything (The News - Part 1)

Death to the Sound Bite: Context Is Everything (The News - Part 1)

Unfortunately, active listening is in short supply in our world of headlines and seven-second sound bytes. That's why I’m a strong advocate for reducing our consumption of social media, nighly news and sitcoms in favour of information sources that can offer more complete stories, the most effective of which are non-fiction books and thought-provoking articles and documentaries. And yes, some blogs.

Only when ideas are fully expressed and explored can they be understood. And, to our detriment, we just don’t seem to have the appetite to wade through the full explanation of important concepts that affect our daily lives and our potential for a promising future. Unfortunately, this lack of appetite carries with it some unintended consequences.

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Careful, You Might Actually Make It - My Fear of Success

Careful, You Might Actually Make It - My Fear of Success

I’ve been having trouble writing lately. I can assure you, it’s a first. 

A lack of inspiration is not the problem. Like James Altucher, I can easily come up with ten ideas a day and once I get started on a blog post, the words just spill out, nearly effortlessly, at least until I start editing ;). But my “effortless writing” seems to slow to a trickle when working on a new project: my first book.

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