Given it’s a new year and many folks having “paying off debt” at the top of their list of New Year’s resolutions, I thought I’d dust off and update one of my older articles. If you’re like the majority of Canadians, you have multiple types of debt on your books. Maybe you have a mortgage, a car loan, a line of credit and a credit card. With Canadians currently owing almost $1.59 for every dollar they earn according to data from Stats Canada, it’s no wonder one in three Canadians reported feeling overwhelmed by their debt. So where do you start if you want to try and get out from underneath all that crushing debt?

There are one or two examples of financial independence pyramids floating around the web, but none of them really capture the way I’ve been thinking about financial independence. As my wife and I have gone on our journey, we’ve found that there are certain key milestones that, when you hit them, give you a massive psychological boost of confidence. It’s those milestones that I built a new Financial Independence Pyramid (not to be confused with pyramid schemes!) around.

Today’s post is an update to an earlier post I wrote about personal finance blogs you should be following. As time goes by, the quality of content some blogs put out ebbs and flows, and so I like to update these lists every once in a while to make sure I’m still recommending content I believe to you.