Jim Mr Idea Green started Manage Your Money to help people who are perpetually broke and are unable to save for investing and retirement. After we work together, they are going to have money left at the end of the month for saving and investing, without giving up every luxury or joy. We originally tried to post every Monday, Wednesday and Friday, but that schedule has proved too onerous. We are now going to be posting only twice per week on Monday and Wednesday.
Jim and David cover topics such as:
The Top 10 Techniques that Will Make You Rich
The Top 5 Financial Mistakes Young Couples Should Avoid
How to Craft a Secure Financial Future
They also provide both free materials and inexpensive courses on this site.
From time, to time, Mr Idea will review books that he believes might help your financial future.
Eventually, Jim and Mrs Green owned a large home with an indoor pool. They took their kids on trips regularly. Their favourite place was Disney World which they visited over 25 times. Today, Mr and Mrs Green live in a beautiful condo, and when Covid-19 is not rampant, travel and cruise the world. Along the way, Jim has developed excellent money management skills. He discovered that it’s not so much what comes in, but rather what goes out that influences financial health. He has helped many people establish excellent personal finance management skills. Jim would be pleased to help you do the same. Although not an accountant, Jim has served as treasurer for both small local associations and large national associations and corporations. Jim does not provide advice on any specific investments. With experience, David became a supervisor, and eventually chief geologist. He was responsible for the three dimensional modelling of the underground mine and orebody, forecasting production, planning exploration, and detailed budgeting. David lives in the same condo highrise building as MrIdea, in Thunder Bay, Ontario, where he shares his life with his soul mate Brenda. They enjoy camping, fishing, and travelling together. Having reached middle age, David Penna experienced a pre-retirement crisis. With little savings or assets remaining after a divorce, and no company pension to support his nearing retirement, David embarked on a journey of learning and discovery that enabled him to secure a comfortable retirement. His passion is to share that knowledge so that others may achieve the same goal. David says, “I just can’t understand why people find it so difficult to visualize their future retirement and constantly focus on the present. It is possible to enjoy life sensibly for today and prepare for the future. We all deserve the pleasures of life and the certainty of a happy and secure retirement. The challenge is to find that magical balance.” David can be found on Facebook, where the raw material for most of his posts was harvested. The information provided on ManageYourMoney.ca is intended for educational and informational purposes only. It should not be taken as financial advice. The opinions shared are those of the authors and are meant to encourage sensible financial habits and decision-making. We recommend that you do your own research or consult a certified financial advisor before making any financial or investment decisions. All investments come with risks, and there is no guarantee of success. Past performance is not a reliable indicator of future results. Always consider your personal financial situation and risk tolerance before pursuing any investment opportunities. Alright, friends, let’s clear something up so we all stay out of trouble, okay? David and I are here to share what we know, but we’d rather not get anyone—or ourselves—into hot water. First off, neither of us are certified financial advisers. We’re here to help you understand the basics of managing your money. I focus on budgeting, saving, and good money management, while David often dives into investing and ETFs. If your financial situation is complex, we strongly encourage you to seek advice from a professional. Now, about the financial world—it’s like a kaleidoscope: always shifting. Things change. The world changes. Financial information can have an expiry date, just like that milk you keep forgetting on the counter. If you’re reading this in the far-off future, some details might no longer be accurate. And let’s address the big “what ifs.” Could the economy collapse tomorrow? Sure. Could we all end up bartering canned beans and bottled water? Maybe. (Thanks, climate change and global politics.) But here’s the thing: the principles we discuss—saving, budgeting, living within your means, and smart investing—should hold up pretty well, even in uncertain times. Now, a quick note for our American pals: We’re Canadian, which, let’s be honest, is pretty awesome. This book was written with a Canadian perspective, but we’ve made an effort to adapt it for U.S. readers too. Keep in mind, though, all the dollar amounts are in Canadian dollars unless otherwise stated. And because some financial info tends to expire faster than milk left on the counter, we’ve put all the fast-changing stuff on the this page: Free Materials. Seriously, go check out the extra resources, and we promise they’re awesome Last but not least, for those curious about investments, David generally assumes a 7% annual return after inflation. That’s about what the S&P 500 has averaged since 1928 if you reinvest the dividends. But remember, investments aren’t like a new car where you know what you’re getting—results can and do vary! No guarantees, folks! Oh, and here’s the legal bit: we can’t be held responsible for anything you do—or don’t do—based on what you read here. Use common sense, okay? We’re here to help, not to hand out guarantees. We just relate financial management to our own experience which may not resemble yours at all. Advice is frequently worth exactly what you paid for it. Most of ours came from expensive experiences. Neither Jim nor David provide advice on any specific investments. Please note that almost all images are obtained from :
Jim started out broke! Mr and Mrs Green could cash their monthly paycheck at the corner gas station it was so small. Yes there were corner gas stations. And yes, Jim is that old.A Little About David Penna
David has spent over thirty years working as a geologist in some of Ontario’s oldest mining camps. He started as an underground geologist, daily visiting the miners in their workplaces far beneath the earth. There’s a certain fascination with being hundreds of meters below solid rock, exploring the earth in a way few people will ever understand. David’s Retirement Plan
Friendly from Jim and David for ManageYourMoney.ca
Really Friendly Stuff
Things Change
Assumptions
End of Disclaimer
various artists on Pixabay
