The Foundation of Financial Control: Cash Flow
The first step to mastering your finances is understanding where your money goes. Every dollar flows in one of two directions—in or out—and most people only pay attention when more is going out than coming in. But true financial independence requires constant awareness and intentional management.
At DIY Wealth Education, we focus on three key habits: controlling spending, saving consistently, and being strategically frugal. Central to this is the Cash Flow Plan (CFP)—a practical, step-by-step system tailored to your lifestyle. It helps you identify how much you can save each month, spot out-of-line expenses, and build an emergency fund from within your existing income.
Cash flow is the engine of wealth accumulation. The CFP isn’t just a spreadsheet—it’s a roadmap to financial clarity and long-term independence. It’s the tool that helped me take control of my money, instead of letting it control me.
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Working or Playing the market.
I believe that there is a big difference between "PLAYING" the STOCK MARKET; and "WORKING" the STOCK MARKET. Over the last few months, I have switched from Playing to Working. It has made a large difference in my returns. The guy in the picture is "Playing" the...
Advice from a for profit website vs DIY
I check out the MSN Feed news every day. The main box has a mix of paid advertising and biased news clips. Some of the adverts are sponsored by companies paid to promote company stocks. Usually, one or more panels are from a FOR PROFIT stock advisor company. The...
Getting to Financial Independence
My students will tell you that my mantra in life is to “Think simple”. It was something one of my college professors always said, with a heavy French Canadian accent. He was one of the best teachers I ever had, and was an inspiration for me as a teacher. I have come...
Bad Grandpa??
I am a very bad grandpa. I admit it. I am also a fair bit of a Scrooge. Throw in Covid and you have the perfect storm. For the last several years I have tried to instill some financial sanity into the Christmas season. I have promoted a “small gift” for the kids,...
Do I have to work till I die??
I really got interested in finances when I was about 45 years old. I realized that there were not that many “Earning years” ahead of me. So, I looked at my financial situation with a view to retiring. It was not a pretty site. $50,000.00 in your RRSP is just not...
Wake up to Canada Canadians.
I was talking to someone the other day and we were comparing stories about American Patriotism examples. It got me thinking. Many Canadians have a poor opinion of American Patriotism. We think that it is over done. But is it?? Or does it just look that way,...
Change of topic
I get bored quick so today is a change of topic. Tomorrow I will publish the Bottom Feeder Picks for Thursday and Friday. Today I want to talk about the miss use of the word FREE and some other words of finance. According to the Merriam-Webster dictionary the...
It’s Too Bad.
Kevin O'Leary gave me some excellent advice. I had asked him about how to price a Financial Course. He told me, then said BUT! "No matter how good it is, even if you give it away for free, the people who really NEED it, will not take it." I will admit that I hoped...
There is life after disaster
The picture says it all. This is financial Disaster. This is the ultimate failure. That was the premise that I was raised under. Only "THOSE KINDS OF PEOPLE" allowed this to happen. According to Bankruptcy Canada there are 5 main causes of financial hardship. 1....
A not so pleasant Surprise.
After coming back from Vacation in the US this week, I went into my local Bank Branch. I have an account there that is called a "US Dollar Daily Interest Savings account." I am a very big fan of daily interest, paid monthly. That is like a credit card except that...