This course stands on the shoulders of giants. The online resources listed below have been instrumental in my own journey to learn about money management. Each of these resources is a seemingly never-ending source of informational golden nuggets.
You can learn whatever you wish if you’re willing to read, read some more, and absorb. This is as good a place as any to start…
General Personal Finance
- Reddit Personal Finance community: A great forum to discuss the broad topic of personal finance, from budgeting to home buying, insurance, investing, retirement, taxes, and more. Get quick answers to nearly any personal finance topic. Note that this forum is quite US-centric
- Reddit Personal Finance Canada community: A Canadian take on the Personal Finance community linked above. You may bump into me there…
- JL Collins: Jim blogs about money, life, travel, and business. Simple and straight-shooting truths. Essential reading: The Stock Series and Why You Need F-You Money
Investing
- Bogleheads forum: An incredibly deep body of knowledge on investing. A fantastic place to learn a thing or two (or 100) about building wealth. Written by disciples of John Bogle – founder of Vanguard and inventor of the first index fund
- Canadian Couch Potato: The best website to learn about passive investing in Canada. Great tips on asset allocation, fee reduction, and general investment tips. Check out their “Model Portfolios” page for a simple guide to building your investment portfolio.
Frugality
- Budget Bytes: Delicious recipes at low cost. Each recipe includes a total cost / cost per serving estimate. My personal favourite is the rosemary garlic beef stew recipe @ $1.41 per serving
- Reddit Meal Prep Sunday community: An overflowing supply of meal recipes that are easy to cook in large batches (and tasty!). A great intro to the world of “meal prepping”
Financial Independence / Early Retirement
- Mr. Money Mustache: Musings from a guy who retired at the ripe age of 30. No shortage of tips on how to reduce your spending drastically. MMM was not the original early retiree, but has arguably done more than anyone to bring the concept of early retirement into the mainstream
- Frugalwoods: A look into the life of a family that simplified their life in the big city to live on a homestead in rural Vermont
- Reddit Financial Independence community: Thoughtful discussion on quantitative early retirement strategies, preparing for the mental & behavioural side of early retirement, and life after retirement. Over 400,000 readers and contributors
- Early Retirement Now’s ultimate guide to safe withdrawal rates: If you’re interested in early retirement, you’ll soon come upon the concept of a “safe withdrawal rate”. For the definitive guide on SWRs which will answer all the questions you currently have and ever will have, look no further
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