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Alain Guillot

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Alain Guillot
Start Year:

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Net worth:
Montreal, Quebec, Canada
Life stage:
SINK (Single Income, No Kids)
Dance Teacher

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Latest Blog Posts

None of us knew anything about money When I was a little kid, I didn’t know anything about money. All I know is that if I wanted something, I would say: “Mommy, I want this…” and sometimes my mother would buy. If she didn’t buy it I would cry. After the crying, sometimes she would … Continue reading "How to talk about money with kids. My father cheated on us ...
Posted: Apr 04 2018 @ 3:10 PM
Index Funds when I used to be a financial adviser (15 years ago) When I used to work as a financial adviser for one of the big financial services companies in Canada, I had a list of mutual funds to offer to my clients. There were 29 actively managed funds and 1 index fund. The … Continue reading "low-cost index investing — The worst thing happening to the financial industry" The ...
Posted: Apr 02 2018 @ 9:10 AM
Greg and Holly Johnson are the creators of Club Thrifty, a website focused on living within your means while traveling and discovering the world. They are happily married parents, with two gorgeous daughters, they are in their late thirties and they are living the dream. Here are some highlights of the interview Greg and Holly … Continue reading "Interview with Greg Johnson, from of Club Thrifty" The post Interview with Greg ...
Posted: Apr 01 2018 @ 1:23 AM
The neglected retired public The number one financial advice given to most Canadians is to buy a house and/or to invest in  RRSPs. One advice you heard less often is about what to do once you have reached retirement age, once you are no longer to contribute to your RRSP, once you don’t need a … Continue reading "What is an RRIF (Registered Retirement Income Fund)" The post What is an ...
Posted: Mar 28 2018 @ 10:57 PM
I am so happy to be Canadian Canada has a great social safety net. It has many programs which protect its citizens against falling below a certain level of poverty. Some of the most valuable service provided by the government are welfare, Child Tax Benefit, Canada Pension Plan, unemployment benefits, universal health care, Worker’s Compensation, … Continue reading "If you earn too much money, you could lose your Old Age ...
Posted: Mar 26 2018 @ 9:54 PM
How to rank priorities The best of both worlds would be to pay for both, for your retirement and for your kid’s education, but in a world of limited resources… In my eyes, the individual’s retirement takes priority. The kids can get scholarships, they can work and study and the same time, they can work … Continue reading "Should you save for your kids’ education or for your own retirement" The ...
Posted: Mar 25 2018 @ 4:44 PM
I found Jeff Kreisler because he co-wrote the book  Dollars and Sense: Money Mishaps and How to Avoid Them with co-author,  Dan Ariely, Psychologist and Behavioral Economist. About Jeff Kreisler Jeff’s background is extremely diverse. He’s an attorney, an author, a speaker, and above all, he’s a comedian. Check out Jeff’s YouTube channel. It was … Continue reading "Interview with Jeff Kreisler, author, speaker, comedian…" The post Interview with Jeff Kreisler, ...
Posted: Mar 24 2018 @ 3:50 AM
We live in a world where we think we have lots of choices. You go to a restaurant and you want a drink. The server tells you: “Sir, you can have any drink you want. Here is the menu.” As soon as a person gives us one set of choices, he/she is taking away many … Continue reading "It’s your choice: You can be anything you want" The post It’s your ...
Posted: Mar 23 2018 @ 7:41 AM
Buy and hold is the most popular investment strategy. But buy and hold what' The buying “Good Companies” strategy is subjective  At one time in history. You bought and sold “Good companies” But what are good companies' All the good companies from the times of Rockefeller, don’t exist today. “Good” is very subjective. But let’s … Continue reading "Investment strategy: Buy and hold forever" The post Investment strategy: Buy and hold ...
Posted: Mar 22 2018 @ 5:31 PM
Last month I wrote about How To Have Wedding for Under $1,000. Unfortunately, not all weddings last forever. Ideally, a person would find the love of their lives, get married and stay together for eternity.  But people change, priorities changes, or sometimes we get married for the wrong reason and the sad consequence is a … Continue reading "How my divorce cost me less than $1,000" The post How my divorce ...
Posted: Mar 21 2018 @ 10:28 AM


"This is one of the best, most informative personal finance web sites I've ever seen"

-- Daffy Duck, DaffyIsSoTaffy.com

"This guy clearly knows his shit; with every post, I feel like he's got my back as one of those "savers", and his web site is pretty damn cool, too"

-- Scuba Steve, MyScubaGearIsSoWet.com

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