I was checking out
Nancy Zimmerman’s
links today (thanks Nancy!) and she directed readers to check out bloggers. I spent a bit of time on squawkfox who has great advice about financial freedom.
http://www.squawkfox.com/2008/01/25/i-have-zero-debt-am-i-weird/
It took me a long time to learn these things! The best advice is eliminating debt and always living below your means.
I was interested in the advice about renting as the situation now in Vancouver is somewhat unusual for a variety of reasons. Having been a renter and a homeowner in Vancouver, I must say that I prefer being a homeowner as I had so many difficult situations with landlords infringing on my rights.
Fortunately, my husband and I have the same philosophy about money. We are aggressive on our mortgage and carry no debt other than the mortgage. We bought at a relatively good time and shopped around for the best rate we could get. (Hurray to Vancity for being competitive and providing outstanding service!) While I may not have the nicest clothes or shoes, I have the freedom to volunteer, participate on boards, and give back to my community. We have both supported each other through job changes and career re-direction so that now we are both really happy with our work and our work prospects.
Thanks to you money bloggers out there!