I’m Peter, I just retired in October of this year (2016). I live in South Central Ontario Canada with my wife and youngest daughter. I’m not a millionaire or a retired rich guy, just book smart. I also have four amazing children, two adorable granddaughters, passion for DIY ( do-it-yourself investing) as it relates to Personal Finance.
So Why the Personal Finance For Dummies Blog?
With this blog, I want to relay to you all of my experiences as I’ve navigated though the organized confusion of personal finance for the last 30-35 years of my life. I’m not going to tell you or try and educate you on what you should do and shouldn’t do but rather what has worked for me. Now that I’m retired it’s more important for me than ever to make sure I have a growing income in retirement. There are so many free tools out there on the internet to make your personal finance life easier and best of all it’s free so I urge you to make use of all there is. Most of all what I’ve learned is DON’T do dumb things with your money. You know what they are. Through this blog I hope to point them out as we go along. I’m not trying to show off – that’s definitely not what I’m all about.
I started investing over many many years ago and was heavily influenced primarily by three people at that time, Brian Costello, Gordon Pape and David Chilton. I blindly started to put my money into high fee company specific mutual funds that were high cost and tax inefficient. My money was always invested through a salesman with no direction and no communication after I handed over my hard earned money. There was always an excuse to some global event why my funds were heading for the ditch. After experiencing sub-par returns year after year I decided to sell-out and start my DIY investing journey. I figured why pay someone else to lose my money, could I do any worse? Well, if I did lose, I could at least save the fees I was paying some salesman to lose my money for me. That seemed appealing and at least worth a try. I have never looked back.
I welcome all comments and I will endeavour to answer all and any questions you may have.
And finally, please read this carefully:
I don’t consider myself a financial guru, my techniques and investment strategies are not secrets and the kinds of things I preach are not “get rich quick” schemes – far from it actually.
This is why you won’t see me offer any paid advice – not because I don’t want to help, but because honestly most of the information found here you can find for free here on my blog or elsewhere online.
I know I have an inspiring story and I am here to inspire you too, however I want to do it the right way. I speak only from my experience and please don’t feel like you owe me anything because of it.
This is my way of helping out and sharing my personal finance journey with you. Just my real life experience building my portfolio and sharing with you every step of the way. Thank you for taking the time to read this, and I hope to see you on the blog sometime soon!