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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Questions about youth and Financial Education
One of my Electrical students came to me for an interview for his Personal Finance course. We were both busy so all he took down were short answers. I promised him I would answer them more fully here. There were 3 main questions with some sub questions. The first...
Who is looking after your money??
I doubt there there has ever been a time where there are more people out there talking about money. I guess that includes me. I get at least half a dozen emails a day from investment sites that are just dying to tell me how to get the most from my money. They have...
Its Canadian RRSP season. Know what your getting into.
Its RRSP (401K) Season again. Just a little info to go along with all the hype at this time of year.
Working with a Credit Union.
Banks Vs Credit Unions. A very unfair advantage is given to the Banks. Yet Credit Unions are definitely a better bet for the average Canadian. Read why.
Could somebody explain this??
I did something this week that I have not done in a long time. I went shopping with my wife, mother-in-law (mom) and my sister-in-law. I went because they needed a driver, due to the snowy roads. The trip reminded me why I don't spend much time in Shopping malls. ...
Budget versus Cash Flow Plan. (CFP)
Saving is the only place to start for Wealth Accumulation. But you need to know where the Savings can come from. Read on to find out how.
Wealth Accumulation Steps
Wealth Accumulation is fun, not that hard, and very rewarding. We are just never taught how. So here are some simple steps.
Simple Savings Plan
One question I get asked alot is : "How much should I save?" The simple answer is the one everyone gives; 10% of what you make. This figure is used because it is simple math for anyone to figure out. If you get $200.00 you save $20.00. I absolutely agree that if...
Shopping for Rates.
There are really two ways to save money. One is actually putting cash away (not spending it), and the other one is not spending more than you have too on what you do buy. This second way of saving is what I want to talk about. When you are looking for new furniture,...
The Financial Stations of Life. Which one are you at?
Which of the 4 Financial Stations are you at? The Stations are based on how much your Life Style costs you, and how long you can maintain that Life Style if you lost a pay cheque.