I’ve read all the big personal finance books, I’ve spoken to advisors, I’ve read success blogs, and learned through trial and error. I realized that 80% of what you need to know can comfortably fit on one page. I had to omit some of the explanations as to why things work, for more information you can visit the beginners page.

Who is this sheet for?

My cheat sheet is intended for a reasonably young(age 20-45) person with a stable job who plans on working till age 60. By following these steps I believe you can guarantee financial success assuming you don’t fall victim to any major financial hardships. Regardless of if you get married and have kids or lose most of your money gambling, following these three steps should secure a comfortable retirement. And here it is:


This is version 1.0 I will update it in the future if necessary.

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  5 Responses to “CHEAT SHEET”

  1. Solid advice, haha! Would you mind making a post about the most efficient saving account (high interest rate). Opening a bank account at a bank that would charge you the least to none monthly fee? I’d love to read something like that.

    • There are a few websites out there that are dedicated to listing the current interest rates for most of the Canadian banks. They change pretty frequently as companies normally offer promotions to attract new customers. 3% for the first 6 months is a common one

  2. You might want to reconsider having a big emergency fund? It’s a wasted investment opportunity and if you setup a line of credit with your bank, you have access to emergency money should you actually need it some day.

    • I can see what you’re thinking with a line of credit, but the emergency fund is specifically meant to avoid debt. For most emergency expenses like car repairs it’s fine to use the LOC but in economic downturns there’s a decent chance you could lose your job. If you don’t have the income to pay off the LOC you’re stuck in the exact situation the emergency fund is meant to prevent. I’ve also drawn my emergency fund for “once per year” market swings like the one last December. As bad as it is to attempt timing the market I would have missed out on those gains had I not had my emergency fund.

      That being said if you’re comfortable with the LOC go for it, but in my opinion there’s something psychologically reassuring about having a small emergency fund.

      • Moose, I did what you did with your Emergency Fund during the market swing in Dec 2018. Boy was I glad I had the cash on hand to take advantage of that opportunity. I am in the process of slowly and steadily rebuilding our emergency fund.


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