Useful Subreddits

I’ve been reading http://www.reddit.com for a long time. Typically I’d waste time reading useless junk. I mean I still do, but I used to, too. All jokes aside, there is a tonne of great resources on Reddit and tonnes of talented people. Find me at /u/torontosurvivalguide

Below are some subreddits that contain a treasure trove of useful information to help make you more self-sufficient:

Business

DIY

Finance

Food

Lifestyle

Philosophy 

Self Sufficiency

Shopping

Travel

I hope you find something you like!

-Mike

 

 

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Review Your Paid Services Regularly

Currently, I only have two paid services: phone, and internet. Every 6 months or so, I shop around a bit and see what going rates with other companies are. Sometimes you can find better service for the same money, or the same service for less money.

Recently, I moved from Freedom Mobile to Public Mobile after a trip to Montreal. Freedom doesn’t have a network in Quebec which was problematic. Public Mobile is on the Telus network, and they had a great deal to move over from Freedom. I was paying about $54/month for 8GB of Data, Unlimited Text/Calling, and 1GB of Data/month in the USA.

I’m now paying $120/3-month period for 4GB of Data, Unlimited Text/Calling per month. They even offer a bonus to hookup your credit card, giving you $2 off per month. This brings me down to $38/month. The switch saves me $16/month, or $192/year. I like the concept of having extra money not leaving my account. Assuming I have a phone for the next 50 years at the same price, I’ll have saved myself $10,000 over my life, not including interest on that money. Sweet! Getting a better deal on my Internet is the next step.

Do your wallet a favour and shop around.

-Mike

Eliminating Legacy

Legacy

  1. denoting software or hardware that has been superseded but is difficult to replace because of its wide use.
  2. an amount of money or property left to someone in a will.

Today the universe aligned, and both definitions of legacy entered my life. Normally, they would have passed me by but because I was listening to the Aussie Firebug podcast with the Mad Fientist thinking about FI, I had two realizations.

The first realization was code related. I was building an interpreter to compile a legacy templating language into JavaScript and was failing horribly. I was thinking to myself:

” Why the hell are we supporting this? This is literally 15 versions and 3 years behind, the language itself is super outdated, and our new build system doesn’t support it…wait, wait a minute. The new application will be using React so we can convert these to JavaScript once and wait until they are rebuilt in the new format. Problem solved, the better way.”

When it comes to being minimalist, optimizing your finances, and working towards financial independence; eliminate your legacy baggage. Sell off equipment for old hobbies, sell or give away unused furniture, and collapse investment funds into better funds. Myself, I’m migrating my HISA to EQ Bank to get a better return on my emergency fund. It will lower my TFSA limit for the year, but it will bounce back next year. Additionally, I’ll be getting a new credit card to get better rewards return on my spending. I eliminated legacy to move closer to my goal.

Finally, for the other meaning of legacy, why does someone leave a legacy? The only legacy I’m concerned with leaving is a positive impact on the world. Maybe I’m simple like that, but I think leaving things better than when you started is one of the most valuable things you can do in your life. Don’t get me wrong, if I have children and have money left over, I won’t be upset about it. If I hedge and invest well, and work hard, I don’t mind if I’m net $0 when the end comes. Financial Independence is an asset that provides freedom.

-Mike