Why Live A Frugal Life If You’re Always Going To Be In Debt?

JOKES ABOUT BEING CHEAP AREN’T FUNNY TO MOST PEOPLE   I’ve never heard anyone say that they LOVE living a frugal life. Carrying debt is not something to take lightly so choosing to watch where the dollars go is better than the stress of  debt collectors calling. Nobody wants to struggle with their finances. Nobody wants to budget but many of us do it so we can make ends meet and save for the future. We do what we believe we must do to get ahead, but not everyone thinks this way. Anyone that can add and subtract should realize that if you continue to spend money that debt will mount, especially if it’s not being paid in full every month. I’ve had the painful luxury of listening to a conversation between two guys who said there’s no point saving money because we’re all going to die before we can spend it. I’ve also been in the middle of a conversation where an acquaintance was saying to his wife that he doesn’t care about debt because he will never pay it off before he dies. I’ve come to the conclusion that some people are clairvoyant and can see into the […]

The Stranger way to borrow money online when you’re broke

STRANGER DANGER IS EVERYWHERE   Strangers chat all the time because that’s the way we get to know people in certain situations although there are certain situations where you have to pull back and just walk away. For some of those people they don’t need to go to work in order to earn a living these days. All you need is a great story and people who believe it and donate to your cause. It could be friends, family but mostly it’s a total stranger who opens up their wallet to help out. Not all stories are B.S. but how do you REALLY know? Not everyone feels comfortable communicating with people they don’t know. I’m not one of those people as I’m a friendly guy who doesn’t mind chatting up a storm. Last year I wrote a blog post about scammers in parking lots who come up to unsuspecting customers and ask them for bus money. It is a scam that is ongoing to this day but it’s not the only one out there. The problem is trying to sort out what is real and what is actually a scam. Would you even waste your time and energy on a […]

Why financial advice from rich people makes sense

FIND YOUR MONEY SUCCESS   Rich people are all around us and I’m betting most of them worked pretty hard to get where they are. Not all rich people are shady investors or business people but let’s be honest, we know they exist. The truth is there are many successful people who achieved their goals because they put in the effort. Not everyone has a top-notch career or thriving business bloom out of sheer luck. When it comes to our own finances it may be soothing to talk to anyone who will listen, but learning about how to fix your money situation from the wrong people can slow down progress. If you find yourself in a financial mess why would you seek advice from people who are in the same money crisis as you? If they can’t even get their own finances in order taking financial advice from them may not be in your best interest. That’s the truth. It’s a serious matter that too often people push aside because they think they will never find their way out of debt when all it takes is a bit of homework and dedication.   Who are these rich people?   You […]

How do you save money?

THERE’S ALWAYS A WAY   I want to learn more about the savings task that so many people struggle with. So tell me, How do you save money? We all tend to save money a little differently but for many reasons not necessarily for the long-term. Today I want to walk you through conversations I’ve had with a homeless person and a homeowner to understand how saving money differs depending on lifestyle.   Save money…. What is that?   So many people laugh when they read about saving money because they believe there is no such thing. This is a common mindset we have because we believe that if we don’t have excess every month then there is no possible way. Most people who do manage to save, find a way. There’s more to saving money than living frugal meaning you save money on sales etc. People easily overspend while simply shopping for food and other items on sale. That’s why the term “window shopping” is the best way to shop if you don’t really need to buy anything. Leave your wallet at home. Do we really know where our money is going?   A homeowners struggle to save money […]

How to prevent financial secrets in a relationship

TOGETHER MEANS TWO   Unfortunately if you are married debt is a family affair and if there are any financial secrets hiding in your closet you still may be on the hook for them. “My spouse secretly racked up credit card debt.” How many times have we heard that scenario, over and over again? A guy I know went through this relationship changing scenario with his now ex-wife. He got married shortly after University to the woman of his dreams. She was a happy, smart woman whom he had lots of fun with and they connected well, they were in love. On the outside it seemed like she had her stuff together. I met her a few times and she was always pleasant. Over the years they bought a house and worked their way up the corporate ladder. It was in 2012 when his wife lost her job due to downsizing that everything went downhill for them, and fast. She struggled to find a new job in her field of work that year but as far as he knew she was still looking for work. They had less and less money to keep their huge house running so they had […]

What pushes people over the edge financially?

FALLING ON HARD TIMES…   We all know someone who has struggled financially at some point in their lives and although it’s not easy to stay above the water how some people handle it is shocking. It seems like each time September rolls around the media is filled with articles about people who are getting into trouble with the law for reasons relating to money. Financially holidays such as Thanksgiving and Christmas can be a tough time for people who struggle with their money. Many struggle in silence. It’s no wonder talking about personal finance is taboo especially if people are ashamed of their debt load. This time of year it seems as if we hear more about thefts, robberies, fraud and scams leading into the Christmas holiday. Just the other day on Facebook my wife read a message on a group board from a mom advising other moms to make sure they lock their doors and take their gifts inside as someone had broken into her car and she lost everything. It only took me a few minutes online this morning to read another article about a couple who faked a pregnancy so they could steal products from an […]

I’m ashamed I owe money because I chose to conform

 LIVING IN A PLAY PRETEND COSTS $   No one likes to owe money and there are times that people push the thought of paying back debt to the side until it comes time that the bills are mounting up. I don’t think we purposely set out to create debt but I also think some of us have misconceptions about life and money and how it’s all going to roll out in our favour. Often that’s not the case and the motto “work for your money” or “spend less than you earn” is not as important as it is to be socially compatible with friends. A hefty price to pay for friendship although we fashion a lifestyle that we believe will get us ahead and for some it works but for many it does not. I’ve always been someone who didn’t try to fit in rather I made my fun. I figured that if I needed to make an effort to be someone I’m not I likely shouldn’t be hanging around certain people. Even though one might work hard to bring in an income every month it’s important to allocate that money towards the most important parts of of their […]

Why clearing debt is like dieting

EATING AND SPENDING – TWO OF LIFE’S GREAT PLEASURES   Being overweight and having too much debt both occur through over-consumption. But what is more interesting than that simplistic labelling is the close parallels between the difficulty that many people have in dieting and the problems others face in trying to clear their debts. It’s often a lot easier to sort out other people’s problems, so if you are reading this because you have debts, think what you would say to a friend who was struggling with dieting… and then look at how that advice might translate into tactics for dealing with debt. If you are thinking this is all going to be rather depressing, it’s not all bad news. For a couple of these areas, people trying to lose debt have a much easier time than people trying to lose weight! So what might your friend with a weight problem be saying?   “I’m sticking to the diet but the scales aren’t moving”   This is a pretty easy problem to diagnose, unless you are the dieter of course. If your friend isn’t losing weight, then they are consuming too many calories. If they think they aren’t, that is […]