afightingchancefinance

Time is the ally of the young when it comes to investing

Time as your biggest financial ally

I really don’t think I can emphasize enough the value of time to a successful wealth creation process. Money multiplies over long periods of time, and it does so exponentially. In other words, the longer you have to leave your money invested, the faster its pace of growth will accelerate. How? Compounding returns They used …

Time as your biggest financial ally Read More »

Budgeting that actually works

Creating a budget that works for you

Everyone knows that successful businesses always stick to their budgets. In an entrepreneurial setting, where a company has raised money through investors and banks, every dollar needs to be carefully deployed to resources that give the business additional value. Making frivolous decisions with investor money is a recipe for disaster and the CEO is accountable …

Creating a budget that works for you Read More »

Real Estate investing

Components of Real Estate Income

Rental real estate is an asset class which only finds its way into peoples’ portfolios if they learn about it through their network. Traditional 401k / RRSP plans aren’t suitable for investing in real estate direct. There are of course indirect ways to invest in real estate in traditional investment accounts via Real Estate Investment …

Components of Real Estate Income Read More »

Your first job. Strategy and what to look for.

How to approach your first job

You’ve graduated from school, and it’s time to start looking for work. How you approach this important decision is critical to success in your career and therefore your finances. In this blog post, I want to run you through my first job, what I learned from it and how I leveraged it to grow in …

How to approach your first job Read More »

Cost of Doordash meals

The cost of a Doordash meal, broken down

Everyone knows that one of the biggest uses of millenial money is eating out. Cooking for ourselves just hasn’t been drilled into us as one of the top ways to save money (I suppose they cut home economics out of the curriculum at some point?). The reality is that a very small minority of the …

The cost of a Doordash meal, broken down Read More »

Your financial “End Game” explained

To be financially successful over the long run, people need to make sacrifices in their lifestyle today to free up money for long term growth. Without a financial end game in mind ,these sacrifices are far less palatable. The financial End Game is the dream that makes the sacrifices worthwhile.

Writing the first “A Fighting Chance” book

The starting point for A Fighting Chance was the idea of “the textbook everyone should have had in high school on personal finance”. We got textbooks in math, science and social studies, so why not one that people might actually keep throughout their life that remains a toolbox of information that can be referred to …

Writing the first “A Fighting Chance” book Read More »

Why I use my credit card for everything!

Let’s start with a clear statement on consumer spending. If you can’t pay off your credit card every month with income from your salary after you have already contributed to investments, you are spending too much. Spending too much means you will carry a consumer debt balance on your credit card which will be very …

Why I use my credit card for everything! Read More »

Welcome to A Fighting Chance!

Welcome to a Fighting Chance Finance, the financial literacy page for young people to take advantage of time.

%d bloggers like this: