Step-brothers financial advice about selling a vehicle turns sour

PEOPLE WILL DO WHAT THEY WANT   A young woman who approached her step-brother seeking financial advice about selling her vehicle turned sour in just a matter of minutes. In a silly way before we ask a question many of us have a preconceived notion of what we want the answer to be. It’s as if we are cheering in our mind in hopes someone says what we are thinking. I suppose it’s a reaffirmation of what we think we already know but just want to find out for sure. If you are close with your siblings you may turn to them for financial advice and everyday tips in hopes to make the right decisions on topics you might not be too familiar with. I often find it interesting when people ask for financial advice yet when they don’t hear what they want to hear they get defensive. Then I have to wonder why they asked for advice in the first place? I read a quote this morning that went something like this….. You can’t save everyone. Some People are going to destroy themselves no matter how much you try to help them- Bryant McGill I have in the past […]

How to tackle financial fears so you have no regrets

CONQUER YOUR FEARS TODAY   Some people have a fear of needles and others have a fear of driving but many people have financial fears and although it may not seem as dangerous it can turn someone’s life upside down. Have you ever wondered why a child might not have as much fear as an adult? It’s because they have a curiosity that we as adults should adopt in order to surpass what we fear the most, risk. Recently I took to my Facebook page to chat to my fans about financial fears. I wanted to know what their financial fears were so I could see just where people were at with-in my community of fans. Not everyone lives in a financial la la land but they do have fears and they are legitimate fears that are common to you and me. I was not shocked at the results even though I had just over 40 women comment and no men. I held a contest giving away a box of hair dye hence the abundance of women that commented but my intentions were not to write a blog post around the results. I had a coupon I wanted to see […]

Is there such a thing as healthy debt? :PF Grab a Brew #79

WHAT DEBT MEAN TO YOU   When does owing money become healthy debt or unhealthy debt? When will you be debt free? Can you handle having debt? What does handling debt mean? These questions and many more can only be answered by… you! I was reading a recent article on Yahoo about how Canadians are potentially facing debt fatigue which keep people on the beaten debt path. It’s not surprising though with the amount of people who are swimming in debt with nowhere to go. What I found interesting was that maybe many Canadians find having debt less of an issue because interest rates are so low. Really? Is that how you feel? I would hope that we as Canadians take that as a warning as well as a blessing to make sure that we are money ready just in case some twist of financial fate comes our way. I’m a planner so when we started using our budget spreadsheet it was a relief knowing that we were spending less than we earned with some room for movement just in case.   When will you be debt free?   A recent poll by CIBC suggests that age 53 is when […]

Does having debt mean you have too much money fun?

FUN MONEY STILL COSTS YOU   Having fun and having debt is no laughing matter but not everyone sees debt through my eyes. Sometimes debt is just a piece of paper that comes in the mail for someone who says oh look it’s gone up again and heads out for a night on the town. My theory is you need to earn money before you can play the cash out game depending on what you are spending it on though. Keep in mind not all debt happens because of having fun. Debt for some might mean they go to the grave owing people money and they don’t have a care in the world. Those are the people who live in that financial la la land that I talked about earlier. Learning about money saving habits and paying off debt first is not easy for some people and for others it’s a no-brainer. My friend at My Money Design talks about why it is important to save money and now and when he says “because things will happen” he’s nailed it. Not only do things happen most of us will continually want more stuff over the course of our lives and […]

Do you live in a financial independence la la land?

Do the math it works   A state of being out of touch with reality and in this case with money in debt…. yep that’s living in a financial independence la la land. You dream of retiring and doing anything your heart desires because you were smart with your money when you were younger but were you really? You don’t have to be married or in a relationship either to be a donut with your money. I don’t normally watch too much television but last night for the very first time we watched Money Moron staring Canadian financial guru Gail Vaz Oxlade. You either love her or you hate her because of her no-nonsense to the point approach with personal finance. I happen to think if you beat around the bush with finances you get nowhere. Sometimes it’s hard to hear the truth but if that’s what it takes to wake someone up from a financial independence la la land then so be it. It’s amazing how many people who want to retire early and think that the road to that money independence is easy peasy when in fact it takes lots of work. There’s more to the fat bank […]

%d bloggers like this: