10 Wealth Strategies: How To Train Your Brain To Think Rich – Net Worth Update Feb 2018 (+0.69%)

TO THINK RICH YOU NEED MORE THAN JUST IDEAS! We went from nothing to simple millionaires in 40 years by going to work and saving our money! It took us a long time with plenty of ups and downs but with the wealth of knowledge available today YOUR rich can be done even faster. Can you remember a time when you earned (first job, first career, extra cash), won (Bingo, Jackpot, Contests etc.) or was given money? I can. Perhaps you can recall the feeling that electrified throughout your body as if you had just eaten the biggest most delicious dessert in the world. (that would be brownies for me) Some may describe it as a money high filled with excitement or thrills that lasts until you do something with that money. It’s almost as if a bit of stress is allowed to fall from your shoulders depending on the situation it is feeding. This is the feeling you want to have every day and it’s called financial peace. In order to get to this point you have to train your brain to think rich. This type of mindful financial education comes with a full buffet of rules set out […]

Financial Empowerment Tips For International Women’s Day : February 2018 Budget Update

EMPOWER YOUR FINANCIAL INDEPENDENCE AND CONTROL YOUR MONEY   Today, March 8th is International Women’s Day and it just so happens to be perfect timing that a report was released by a national survey commissioned by the Financial Planning Standards Council (FPSC). Financial empowerment is so powerful that only YOU can help start and grow your knowledge. Survey says…Women need to do some serious financial homework. After surveying 1000 Canadian women last month about financial struggles it revealed that roughly four in ten women don’t even know their credit score.  Also uncovered was that a majority of women have at least one struggle when it comes to their finances. What this means is that you may be knowledgeable in one area but fall short in another. Related: Get your Credit Report, It’s Free Canada. Never rely on anyone but yourself when it comes to your money.   Learning finance the hard way   Just this past week my father-in-law passed away and to say that their finances were even a smidge in order would be an understatement. Both of them have little to no knowledge about finance and budgets, never negotiate bills or interest rates, over-draft is in full-swing and […]

How To Go Broke Quick In 5 Easy Steps : Our Net Worth Update Jan 2018 (+0.39%)

THE PURSUIT OF HAPPINESS STILL HAS TO PAY THE BILLS   If you want to learn the secrets about how you can go broke quick, I’ve got you covered. It’s not about wanting to earn more money it’s about understanding why you don’t have any. Often it’s easier to see outside a pane of broken glass than it is through a foggy window that seems like it will take forever to defrost. Instead of waiting some people decide to jump out the hole where others will wait for the heat. Why on earth would you want to read about how to go broke quick on a blog about frugal living and budgeting? One simple answer The only way up is making sure you’ve got a ladder that is on solid ground. This means understanding what NOT to do even if you think it’s financial common sense. You might be saying, “I don’t need to find out how to go broke quick, I am broke“. That’s fine and dandy but do you really understand what you got you to this point? I’m not talking about excuses either because those people you pay your bills to, don’t care. It really is painful […]

The Ultimate Guide Of Frugal Living Ideas To Increase Savings : January 2018 Budget Update

INCREASE SAVINGS BY LEARNING WHAT SUCCESSFUL SAVERS ARE DOING   There are tonnes of frugal living ideas saturating the online market so today we wanted to create an Ultimate Guide of Frugal Living Tips that we successfully use. The importance of this guide is to highlight what has worked for us to help us become debt free so young. Well, if you consider 40 young then we’re young. If you consider it old then we’re old. The verbal savings plan Mrs. CBB and I created back in 2012 was simple, “It’s not about how much money you make it’s how you save it” and from there we took off. I know you are thinking that it’s easier said than done, trust me I know especially when there are so many goals you’d like to tackle at once.   Don’t stress yourself out – One step at a time will help keep you motivated   I’m not going to list a million ways you can apply frugal living ideas to your life but rather keep it simple by discussing ideas that work for us. We didn’t go overboard like some frugal fanatics because that wasn’t the route we wanted or needed […]

3 Money Smart Strategies We Applied In Our 30’s To Erase Debt

DO SOMETHING WITH YOUR MONEY THAT YOU NEVER THOUGHT POSSIBLE   It’s still hard to believe that we managed to become debt free including our mortgage before the age of 40. We credit our success by applying simple money smart strategies in our 30’s that got us over the hump. You don’t have to have a degree to become a money smart consumer especially when tackling debt is a matter of choice. You either do it, or you don’t but the end results will be in part the actions of your willingness to erase debt and get the hell out of the rat race. Did you know that Canadians are world leaders in debt. Not something to be proud of really. A report from the Organization for Economic Co-operation and Development (OECD) shows that Canadian households are among the most indebted in the world. In fact, Canada tops the list of countries surveyed.   Debt never sleeps   If you’re one of those people who can’t sleep because you’ve got debt on the brain, you’re not alone. Debt freedom opening hours are all day every day especially when you’re dealing with your financial future. You may sleep but your money […]

Forty Year Old Millionaires Explain Their One Million Dollars : Final Net Worth Update December 2017 (+0.34%)

PEACE OF MIND WITH MONEY SHOULD BE A FIRST STEP TO FINDING YOUR RICH   It’s just one million dollars that bridges the gap, not that big of a deal really. Or is it? As your wealth grows the less attractive previous money goals become only because society has groomed us to believe that more wealth is power. For the average person It just buys more shite, that’s all. Last night I watched Drug Lords on Netflix and not only did it open my eyes to the billions of dollars in the drug cartel but just how fast wealth can create a power so terribly wrong that everyone suffers. Greed is a nasty evil that will always come back to bite you in the arse. You don’t have to be a drug dealer to become that powerful person who makes people around you suffer because they are less fortunate or because you believe you’re entitled to be that way. We have more than enough high-society snobbery to  handle that part of the problem but we interests me the most is how many people we’ve met that aren’t that way. How much money you need to live your rich life is […]

What’s Stopping You From Managing Money? : Dec 2017 Year-End Budget Update

THERE’S NO WAITING GAME WHEN YOU WANT TO MANAGE YOUR FINANCES EFFECTIVELY   Whether you are in debt or not managing money must begin today if you want to feel good about your financial future. Personal finance management starts with a positive mindset where you believe your situation will get better and not waiting for opportunity to knock. Trust me, if I didn’t get my butt out there looking for a job when I moved to Canada or put myself back into school I’m not sure where I’d be today. I’d likely be working at a job I didn’t like but I would do it for the money. That’s the way the world goes but I certainly wouldn’t have ended my job search. Perhaps some of you reading this today may feel you are stuck in the same or a similar circumstance and although it may not be your ideal situation managing money must be a part of your routine.   To App or Not   These days there are apps for just about anything when you want to manage your money. There’s an app for your banking, budget, spending tracker, allowance tracker and so on. Personally, I think these […]

3 Budget Guidelines That Fuel Our Financial Success

TAKE WHAT MONEY YOU HAVE AND TURN IT INTO FINANCIAL FREEDOM   If you think setting budget guidelines are financial over-kill than let me tell you how good debt freedom feels–damn good. You can do this too! The idea is to start somewhere small to get to where you want to go that’s far bigger than you have ever imagined. It may not happen as fast as it did for us, but you’ll get there. So go ahead laugh or say you don’t need to push the limits with your budget because I will shout from the highest mountains (right now that’s the snow pile at the end of our drive) that you get out of budgeting what you put in, full-stop. Creating a budget should be the least of your worries when it comes to budgeting because most people don’t even get past the first stages, “thinking about budgeting” As soon as the new year hits this blog gets power-housed from readers all over the world looking for budget tips. That’s refreshing to see but I’d like to see this happen not just in January and February, but all year-long. There are so many free budgets online including our […]

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