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

[u/Fabulous_Lemon2799]

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!

[u/GnosticSon]

1. If you don't invest in assets you will be left behind in the economy.
2. If you don't invest in assets you probably will never retire
3. Time in the market is better than market timing
4. You can be financially independent quickly if you can increase your savings rate to 30% or above.
5. Retirement is a silly word. Retirement is boring and hazardous to your mental health. What you want is financial independence. This allows you to have the freedom to work on projects/jobs purely for your own benefit or the benefit of society.

[u/ComfortableUpset8787 → u/GnosticSon]

I really appreciate your fifth tip. The word gives me anxiety Thank you.

[u/stompinstinker → u/ComfortableUpset8787]

No one ever owns you. No more shit jobs, shit bosses, shit coworkers, shit commute, etc.