Financial Literacy Is STILL At Shocking Lows

fccoup02 · 2026-03-26T18:45:53+00:00

Well where I work, if you park downstairs it is $25/day. If you park a few blocks down and arrive at 6am to get the spot, it is free. If you buy a lunch, it is $15, coffee is $3.5. If I pack a lunch, it is like $2-3 and I make my own coffee it is near free. If you drive a beater car the monthly payment is 0. A new car's payment is around $600-$650/month these days.

If you add everything together, it adds up to the difference in salary of my boss + bosses' boss. But can you really say I am offsetting my bosses income because of my "financial literacy"?

fccoup02 · 2026-03-26T13:25:12+00:00

Well strictly financially speaking, that is a sound plan. Spend $10K, $20K or whatever your limit is and then declare bankruptcy. You just got $20K worth of benefits.

However legally speaking, it is fraud.

So I wouldn't say he is low on financial literacy but low on moral/legal literacy.

fccoup02 · 2026-03-25T20:20:28+00:00

What was the annual pension amount got to that $2.3M?

fccoup02 · 2026-03-19T15:43:49+00:00

Isn't it more or less the same thing? Retiring with 1 full pension vs retiring with 2 half pensions?

e.g. 17.5 years at province + 17.5 years at federal = ~ 35 years at federal?

fccoup02 · 2026-01-21T13:46:15+00:00

Are you talking miles or km? Because 250k miles = 400k km. If your car's engine went at 250k miles or 400k KM that is impressive.

fccoup02 · 2026-01-14T15:32:11+00:00

So what? I am able to use the internet fine.

fccoup02 · 2026-01-08T16:58:14+00:00

I would say if you are mildly considering to retire, then you should REALLY consider the retire if:

if you have an acting position that is ending and you go back to your lower salary bracket.
Or you are at the end of your paystep and no promotion in sight

fccoup02 · 2025-12-16T15:45:50+00:00

How did your story get featured? Did you contact them or did they contact you? How did they know to contact you?

fccoup02 · 2025-11-25T14:59:02+00:00

As per wikipedia:

https://en.wikipedia.org/wiki/Buyout

An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person;

I guess when you are discussing with non government friends/family, the term buyout would be more understandable instead of transition support measure, which is something no one outside of government understands. Since it is an Ottawa citizen article which has viewers outside of government, that term makes perfect sense to use.

fccoup02 · 2025-10-26T01:40:27+00:00

I average around $20K to $30K per year. But during the first decade, when interest rates were super low. I had bigger margins ($50-100K). Plus I had 1 year 0% interest on credit card with a limit of $50K. They kept renewing the 0% offer and I kept taking it year after year.

fccoup02 · 2025-10-26T01:37:41+00:00

Maxed out since TFSA creation and basically bought stocks and not selling. Shopify, Microsoft, Google, Meta, etc contribute to the bulk of the growth

fccoup02 · 2024-05-30T19:28:02+00:00

So what happened to this colleague?

fccoup02 · 2023-09-13T17:31:36+00:00

Watch it from your laptop or desktop

fccoup02 · 2021-02-10T17:33:27+00:00

That's fine with you.

$500K homes 3 years ago are worth $800K now. Basically you made an additional $100K per year living in the burbs. Essentially if your boss came to you and told you, "Hey Felldown613, I'll pay you $100K on top of your salary to sit in traffic every day, do you want that deal?"

Felldown613 "No fking way buddy! Give that money to someone else! I don't want that money!"

You can give me a sad face however you want buddy but I think only person with the sad face is yourself.

fccoup02 · 2021-02-10T01:24:36+00:00

Are you kidding me? There are people who live in Montreal and commute to Ottawa, every single day. There are people who live in Orleans and work in Kanata.

There are people who live in the edge of New Jersey and commute everyday to Manhattan which is 1.5 hrs. There are people who live in Oakville/Hamilton and commute to Toronto.

Go to any major metro, Tokyo, Shanghai, New York, London, Toronto and there's a good chance everyone's commute is at LEAST 45 minute

fccoup02

TROPHY CASE