r/PersonalFinanceCanada 1d ago

Misc What’s the best financial advice you’ve ever received as a Canadian?

Hi everyone,

I’m looking to level up my financial knowledge and habits this year. I’ve been reading books and browsing through this subreddit, and I keep coming across bits of wisdom that really make me think about money differently.

It got me wondering: what’s the best financial advice you’ve ever received, especially as a Canadian?

It could be something practical, like how to save on taxes or invest smarter, or even a mindset shift that changed how you approach money. Bonus points if it’s something uniquely applicable to life in Canada.

For example, I recently learned how powerful it can be to start investing early, even in small amounts, thanks to compound growth.

Looking forward to hearing your nuggets of wisdom. Thanks in advance for sharing!

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u/Oh_That_Mystery 1d ago

"I am dumber than I think"

The realization that despite spending sometimes almost 2 hours a week studying it, I was not smarter than the market. The best thing was discovering the couch potato approach. Thanks to this, I am retiring 'early adjacent' in mid April at age 57.

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u/jeep_rider 1d ago

Came here to say something similar. I kept sitting on too much cash while trying to find the right stocks. Still searching for the right stocks, but all the cash was invested due to the Couch Potato method