Posted in Finance

Charles Dickens was right

Charles Dickens wrote David Copperfield in 1850. In it, he introduced a character named Wilkins Micawber. Wilkins said something incredibly wise yet incredibly simple:

Income 20 pounds
Expenses 19 pounds
Result: Happiness

Income 20 pounds
Expenses 21 pounds
Result: Misery

That concept is fundamental to financial management. If your income does not cover your expenses, you will struggle in life whereas if your income does cover your expenses, even by a little bit, you will generally be happy financially.

When I apply that concept to my own life, I realize that I either have to earn more income or reduce my expenses when I am not in balance. The key is to make more or spend less.

Charles Dickens was right!

Posted in Finance, Investing

Norma Walton Talks, Toronto Needs a New Home Lender

On this episode of Norma Walton Talks, Norma Walton discusses her views/opinions on why Toronto needs a new home lender. The majority of the population doesn’t fit into the even shrinking box of expectations/requirements to qualify for a traditional bank mortgage. “Square peg, round hole.” What do you think? Let her know in the comments section – as always please #TalkBack. 

Posted in Finance, Investing

Norma Walton, Save by Sharing Your Space

On this episode of Norma Walton Talks, Norma Walton talks about way you can save money (or perhaps even make money) by sharing your space. Maybe you have extra space in your house or outside of your house like your garage or a shed. Maybe you own or lease office space or industrial space that you can share? Maybe you’ll be out of town for the weekend/week/month or longer and AirBnB is an option… there is so many ways we can share our space and benefit IF we can get past the whole “this is mine and I don’t want to share it” mentality. Do you have any other tips or way to share and save? Please #TalkBack and share those thoughts, ideas or even disagreements with me. Thanks

Posted in Finance, Investing

Norma Walton Talks, How Much is Enough

Norma Walton talks about “How Much is Enough.” When you’re looking at your finances and lifestyle, how much money is enough money? What factors do you need to take into consideration? Here are the top five in my opinion. As always, thank you for watching, for sharing your opinions and thoughts, and for subscribing to my channel.


Past video about how to use “Rental Real Estate to Fund a Comfortable Retirement”: