I’m the Canadian Finance Guy and this is my very first post on this new blog. I’m in my mid-thirties and live in Vancouver, Canada with my wife and young child.
In the last few years, there’s been a lot of chatter about the one percent vs the 99 percent. I’m not looking to get into a philosophical debate about wealth distribution, income inequality, or the merits of capitalism. I do, however, believe that everyone has the opportunity to improve their lives through hard work. I feel especially fortunate to live in Canada and the incredible opportunity that provides. It’s something we take for granted, but the vast majority of the world’s population will never have the opportunities to accomplish what we can here in Canada. With an average income of $49,000 CAD, or approximately $38,400 CAD after taxes, the average Canadian is already in the top 1.26% richest people in the world according to the Global Rich List.
I believe that striving to increase our wealth, by contributing and creating value in the world, is a worthwhile endeavour for the benefit of our families, our communities, and ourselves. In this blog, I plan to share our financial journey as we look to build our income and wealth. I’ll write about what I learn along the way. Some of it will be specific to Canada, though I think much of it will be relevant to North American or other first world economies more generally.
I would love to hear from you: comments, feedback, criticisms, and advice are all welcome.