One Simple Habit You Need To Help Beat Budget Anxiety : October 2017 Budget Update

YOU HAVE THREE SCOOPS OF ICE-CREAM-WHICH FLAVOUR IS ON THE BOTTOM AND WHICH IS ON THE TOP?   Simply believing that everything will work out for the best financially is comparable to telling a child money grows on trees. Near the end of each year I receive emails from fans who complain of budget anxiety for a variety of reasons. I often reply back with making one simple habit change to ease the pain a bit to help them move forward. No, I’m not Doctor Budget but close. Financial burden placed upon anyone is a weight that you either work hard to build the strength to lift it or will cripple you. Those of you who have been to financial hell and back know exactly what I’m talking about. The journey is never pleasant and comes with a myriad of emotions that can sometimes take over your world. Controlling anxiety no matter what the cause is and it can be multiple things is not easy to do especially when you don’t know where to begin. One of the best resources for your anxiety is yourself and others who are going through what you are experiencing or have surpassed this with […]

How Tracking Expenses For One Week Can Change Your Life

BLINDING DEBT IS THE WORST WAY TO GET AHEAD FINANCIALLY   All it will take for most people is one week of tracking expenses to stop, drop and roll because alarm bells go off and someone has to call 911. The only problem is that no one is going to put out your financial fire but yourself. Skip the I’ll pay tomorrow, next week, next month or forgetting about bill payments all around. This has to stop and if you can’t get your sh** together then there’s no point whining about money. Even someone who is on government assistance, working minimum wage jobs sometimes even two to get by can be better savers than the person who earns a higher income but doesn’t have a damn clue how to save it. I’m tired of people who have it all and can’t get it together and it’s the people who hit rock bottom that are climbing the financial ranks because they teach themselves about money and how it all works. You know, spend less, save more. It’s a simple way of looking at money even if you only have $5 to spare every month BUT that $5 surplus is going to […]

What’s Your Sign? Mine Is Debt Free Forever Through Financial Discipline : September 2017 Budget Update

YOU CAN EITHER BE A DREAMER OR A DOER BUT ONLY ONE OF THEM WILL GIVE YOU THE FINANCIAL SUCCESS YOU CRAVE   How do you teach yourself financial discipline? Easy but let me tell you one thing, don’t waste your time if you aren’t ready to make this a life-long change. Have a look at the photo above. If you’re the person who always dreams from the background and wishes that could be you in the canoe then you need to ask yourself why you’re not and what you need to do so you can change that. You can’t just turn on your money-saving mode one month and turn it off the next. It doesn’t work that way. What happens is you’re not being consistent and you may just find your financial hole a bit deeper. Today’s post is to remind you about the importance of a clear-mind and solid plan when beginning your money journey whether it be to pay off debt, earn more money or invest. None of this can be possible until your mindset is in drive. Imagine for a minute that you went on a diet and you did well for the first two months […]

Happiness Has Become My New Rich : Net Worth Update June-Aug 2017 (+0.43%)

BE THAT ONE PERSON WHO PUTS HAPPINESS FIRST AND YOU WILL FIND THE GOLD YOU TRULY SEEK.   The richest man or woman is the one who believes that happiness comes before money. In a sea of unhappiness because of job loss, minimum wage, health and all things related to money be that ONE person who puts happiness first. I knew the time would come where I’d have to write a post like this and tell everyone, we spent a large amount of money. Don’t worry I’m not crying over financial loss rather I’m jumping for joy because I understand more than ever what happiness is. I talk to many people daily while networking on social media many of which are not rich in numbers but seem to be content. They don’t have everything they’d like to have but they get by and still manage to have a laugh and create fun instead of buying it. You don’t have to sail around the world to be happy, only YOU can do that. Money doesn’t buy happiness, bla, bla, bla. I know you’ve heard that and it is the single most smartest thing I can agree on in personal finance. My […]

Should You Have More Than One Income Source? : Our August 2017 Budget Update

MORE THAN ONE INCOME SOURCE DOESN’T MEAN YOU HAVE TO TRADE HOURS FOR MONEY PROVIDED YOU KNOW YOUR OPTIONS. Someone asked me the other week how I was going to adjust to having only one income source now that I’ve resigned from one of my full-time jobs. I responded by saying that it won’t bother me one bit, at least not right away. Why? I can finally breathe and try to get my life back on track because I felt like I was on autopilot for all those years even though I enjoy what I do. Thankfully we have income sources that earn us some extra income such as this blog and our retirement investments, but are they enough? That depends on how much money we’d like to make and without much effort. Unfortunately the blog does take lots of effort so we do have plenty of room for improving our income source options. Having more than one income source sounds draining especially when you’re already working full-time and any available overtime. Some couples only have one income source because either/or become a stay-at-home parent until their children are in school full-time. My mum did this while my father worked in […]

Mortgage Freedom Means You Still Need To Run : Our May 2017 Budget Update

EVERY DAY IS LIKE A FINANCIAL ROAD TRIP WITH BUMPS, DETOURS, GREEN LIGHTS AND FLAT TIRES.   Teach me how to get rich my sister-in-law asks me surprisingly a few weeks back since finding out we’ve been mortgage free 4 years as of May 2017. I don’t know about the “Rich” part but I can certainly talk for hours about budgets, frugal living and the importance of it all.   Mortgage Freedom is just the beginning   Since burning our mortgage papers Mrs. CBB and I have done one thing that some people might stop doing. Do you want to know what it is? Of course you do. Related: How we became mortgage free in 5 years We never stopped with the financial discipline we’ve ingrained into our routine over the past 10 years. Sometimes it’s hard to look back and think it has been that long but not really when you consider the life of a typical mortgage is 20-25 years. I don’t have all the answers but I do know that if you aren’t prepared to invest in your finances then you must deal with what you have. I don’t care if you’re already rich, collecting welfare, earn […]

How To Build Your Wealth Without Earning Big Bucks : April Net Worth Update (+1.96%)

YOU MUST BE EARNING BIG BUCKS IF YOU’RE DEBT FREE- Not exactly.   The misconception that you must be rich and earning big bucks if you’re debt free is SO WRONG. The first thought that comes to mind when a young person says they are debt free without a mortgage is that they must have inherited money from someone. Typically the parents are the first target of interest, but does that really matter? Not really. It helps but it’s not often parents have the spare cash to dish out but for those that get that kick-start if they aren’t money-wise they could lose it all. Buying a house depending on where you live in Canada is becoming out of reach for many people especially millennials looking to get into the real estate market. A recent house sale on our street went for nearly $700,000 at just under 1400sq feet. Have a look at how much we value our house at in our net worth chart below and you’ll see what I mean. Manulife Bank issued survey results on Tuesday that suggest 45 per cent of millennial home buyers received a gift of money or a loan from family. That compares […]

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