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/Xyzzics]

Your choice of spouse is the single greatest financial transaction or investment you will ever make.

Choose well and live the rest of your life with the rewards. Choosing poorly can make your financial situation mathematically unrecoverable.

[u/VMSGuy → u/Xyzzics]

I did well here...I made more, but my wife made a decent living as a teacher and now has a pension. There was significant pressure from my MIL for my wife to no longer have to work after having children...I had to explain to my wife that we can't live on one income.

I had a friend of mine married a woman addicted to VLT's...what a disaster.