Reddit mentions of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296

also

Stop Over-Thinking Your Money by Preet Banerjee

There are a bunch of good Canadian finance reads but I would start with those 2.

invest $30 in this first. https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1569609307&sr=8-1

Keep in mind you can invest in a TFSA as well. Investing (eg. in funds of stocks and bonds), due to market volatility, is only appropriate for long-term goals (eg. retirement) hence my question about goals. Any money that you don't have a short-term idea for, can be invested to build long-term wealth. This book and this blog cover most of what you need to know about investing. In my opinion this is an area worth putting a bit of time in learning, as the stuff the bank sells has hefty fees.

Regarding money going into a HISA TFSA, don't settle for the interest rate at your local bank. Try something off this list.

Regarding RRSPs, depending on your annual income, you may be better served investing in a TFSA. Or possibly not. Complex topic but I will trigger the bot that dumps some info just FYI. !TFSARRSPTrigger

Check out the Money Steps and then go to Indigo and buy The Millionaire Teacher. 20$ very, very well spent.

Came here to promote this ^^

Bortolotti (CCP website and Moneysense.ca contributor), Hallam (Millionaire Teacher), along with John Robertson (The Value of Simple) are like the Three Wise Men of DIY investing (honourable mention to Justin Bender).

If you go to

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_2?s=books&ie=UTF8&qid=1481859413&sr=1-2

Click on Look Inside, click on Index and then scroll down to the eSeries.

A couple good books are:

Millionaire Teacher - https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?ie=UTF8&qid=1524493829&sr=8-1&keywords=millionaire+teacher

The Wealthy Barber Returns - https://www.amazon.ca/Wealthy-Barber-Returns-David-Chilton/dp/0968394744/ref=sr_1_2?ie=UTF8&qid=1524493829&sr=8-2&keywords=millionaire+teacher

Online, there is some great investing advice at www.canadiancouchpotato.com and you can even check out r/personalfiancecanada

> the first book contains some obsolete information.

Millionaire Teacher was just updated for 2017: https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296

Strongly recommend reading this book. Once you read this book, you will be a pro in no time.


https://www.amazon.ca/dp/1119356296/ref=pd_lpo_sbs_dp_ss_1?pf_rd_p=1977604502&pf_rd_s=lpo-top-stripe&pf_rd_t=201&pf_rd_i=0470830069&pf_rd_m=A3DWYIK6Y9EEQB&pf_rd_r=WK7QVJ88W5YR9FP4Z1M2

22 years old and 140-160k per year? Well done!

I'd start by reading as many personal finance books as you can. The wealthy barber returns(I think Tangerine or some bank is offering it for free as a pdf right now), the millionaire teacher is another great one. They'll get you started on the basics.

As others mentioned www.canadiancouchpotato.com is excellent. It's a set and forget kind of investment, with your savings you should be able to build a solid retirement portfolio in a a decade or so, depending on how your expenses and income change over the years. Personally for me MMM has some great advice buried in fanatical frugalism. It's a bit much at times, but there's good advice.

As far as your money in a chequing account, I'd invest every dime you won't need for many many years. Have a decent amount of cash on hand for emergencies(6months of expenses is usually enough) but you can keep that in a high interest savings account or somewhere liquid.

if you're into reading books, i recommend this one here.

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?crid=3MP5SSBTU215V&keywords=millionaire+teacher&qid=1555169396&s=gateway&sprefix=million%2Caps%2C164&sr=8-1

Andrew Hallam explains it in the most simplest form from A to Z.

cheers! :)

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?ie=UTF8&qid=1501257833&sr=8-1&keywords=millionaire+teacher

This has a lot of foundational stuff that you can build off of.

> You don’t get a job in education by winning the lottery. You get it because you’re qualified - either licensed from home or have done TESOL (at least a CELTA, DipTESOL, or university TESOL diploma), and have demonstrated proficiency in Japanese.

Exactly. I'd rather be a qualified TEFLer with a permanent position than a software dev that's got to keep hustling and retraining themselves when they turn 35, 45, 55, and so on.

Software devs should read this, too.

I personally say yes.

Quite a few chapters were revised with current market conditions e.g. like you said the old one says Vanguard isn't in Canada yet, but new one talks about them. There's also a chapter about robo-advisors.

He also updated a lot of data so it's more recent.

Amazon has a look inside feature so you can see what's in the new version and compare it to your current copy.

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?ie=UTF8&qid=1497407433&sr=8-1&keywords=millionaire+teacher

This book was written by a Canadian Teacher who became a millionaire. He now teaches finance in some asian country just because he likes teaching.

for very straightforward, accessible investing guidance backed by lots of research to make sense of the DIY approach (basically to invest in very low maintenance index funds, without paying an advisor) check out - https://www.amazon.co.uk/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=dp_ob_title_bk