I am a teacher who spent the better part of a decade teaching and travelling around the world. During that time, I learned a lot about the world (and myself) and I wouldn’t trade those experiences for anything. Unfortunately, great life experiences don’t always make for great financial situations. It occurred to me one day in SE Asia that by the time I returned home to Canada, I would have missed almost a decade of paying into any kind of pension plan — including Canada Pension. What was worse (strictly from a financial point of view) was that I had gone and married a foreign national. As an immigrant, it is quite likely that she will be underemployed her whole working life in Canada. Neither of us has a workplace pension.
My wife and I realized that if we were going to be able to give our kids the kind of life we wanted, and if we ever wanted to retire, we would need to take control of our finances in a major way. This blog is not a retracing of that journey — which we are very much still on. Rather, Loonie Lover is an attempt to help others who have decided that they want to take control of their financial lives as we have.
With a few exceptions, I have found that financial advice and reading material tends to fall into one of two categories: either the points made are so simplistic and obvious that they come very close to insulting the reader, or, at the other end of the spectrum, they are written for people with specialized knowledge, often whose profession or full-time hobby is investing. It seems to me that there should be more resources for people who want materials that fall between these two extremes. Those of you who find yourselves on this underserved middle, welcome home! YOU are my intended audience!
Not to put too fine a point on it, but when considering what shape this blog should take, I repeatedly came back to a phase that I used to describe myself when I was first researching investments and financial management: Intelligent, but uneducated. If, in financial terms, you describe yourself this way, then this blog is for you! My goal is to help you use that big brain of yours to improve your financial situation. Managing money isn’t that hard once you learn how. Really.