How To Live A Simple Life And Avoid Consumer Debt

YOU DON’T REALIZE THE POWER OF YOUR WORLD UNTIL YOU RELEASE THE CLUTTER AND INCREASE SAVINGS POWER   The other day Mrs. CBB and I were driving in the truck when all of a sudden she says to me, “I just want to live a simple life” which was surprising but given recent events in our lives, not really. After her father passed away it was constant trips to her parents house to sort out all of his stuff and boy did he have lots of stuff. It took us weeks of travel and hours of hard work just to get through what we did and we’re still not done. There wasn’t a time throughout the process that we didn’t complain about how much stuff there was and how we would never do this to our son. It was tough, we’ll admit it over and over again and I think it has taken its toll on us both. Over the last month we managed to take our entire 10-year-old living room set and binned it because it was that pleather material (fake leather) which was peeling and getting on our nerves. I had it in my mind to chop it […]

5 Things You Need To Know Before Discussing Your Financial Situation : July 2018 Net Worth Update (+1.13%)

When your financial situation is in high spirits and you want to share your happiness with friends and family someone else’s world may be in financial crisis. One thing I learned early on before writing this finance blog is that money talk can be strange especially when you deal with different financial situations. If you’re debt free and the world is a blue sky and sunny days and you start talking about it to someone then you risk them telling you their financial situation is dark, hollow and lost. You either have to take the good with the bad or the bad with the good and accept it, run with it or not even talk about it from the beginning. It’s that simple but for this one reader she made the mistake of talking about her financial situation with a friend who was in dire need of some money and now she doesn’t know how to respond to her. Let’s read what she had to say…   MONEY TALK CAN SET THE STAGE FOR FUTURE FOOTINGS BASED ON WHAT INFORMATION YOU SHARE   Dear Mr.CBB, Thanks for taking questions and I hope this one makes your list for discussion on […]

Bills Come First That’s How You Stay Out Of Debt : July 2018 Budget Update

BELIEVING YOU ARE FOREVER FINANCIALLY DOOMED IS YOUR EVIL   If you want to stay out of debt, pay your bills it’s as easy as that however for those of you who fall behind it becomes a game of catch-up. This is one of the deadliest financial games to be involved in because it can take months even years if at all to pay back money you owe for services you purchased or were provided with. Almost everyone plays the game because let’s be honest, we’re not all made of money. Unless you were born in a money pit you have to work for your cash and have bills like everyone else. This is what we call everyday-life and working for a living. I do it and it sucks (although I do love my job) but it has to be done or we suffer the consequences of falling behind with our bills, bill collectors calling and possibly bankruptcy. Not only that but factor in the mental and physical stress that comes along with financial struggles and you’ve got a hell of a mess happening. Money worries can take over your life fairly quickly. I also want to be clear that […]

The One Million Dollar Frugal Journey Train Ride : June 2018 Net Worth Update (+1.02%)

OUR FINANCE TRACK DOESN’T END AND NEITHER SHOULD YOURS   Money is why we started this blog and we certainly aren’t going to end it just because we’ve reached the one million dollar number that for some reason people think is the big bang theory of finance. How finance began and how finance ends, either you’re broke or you’re worth millions. We aren’t quitting now, not ever (unless we are 6 feet under) and it’s taking me weeks to write this post because I wasn’t sure how to tackle a topic that really was just a number. We’ve learned at CBB there’s more to life than just money however we still need to consider yesterday, today and tomorrow. Somehow debt rules and not from a happy perspective either. Happier has become my our rich and even thought we’ve achieved our one million dollar frugal journey we aren’t stopping now. There has to be a reason why so many people thrive on the million dollar journey yet stumble to get over paying debt or simply understanding their financial health. Give me a million dollars I need a million dollars I want a million dollars Why do so many people want or […]

How To Overcome The Emotional Effects Of Debt Guilt : June 2018 Budget Update

DON’T LET THE EMBARRASSMENT OF DEBT KEEP YOU FROM REALIZING YOUR FINANCIAL DREAMS   There are consequences of owning debt and for 30 year-old Margaret who is feeling the emotional effects of debt guilt there are things she can do to get over this hurdle. Margaret isn’t the first person to email me about debt guilt and even myself at times felt guilty for owing money and had to pay it back as fast as possible. I remember the time my mom and dad gave me $5000 just before I moved to Canada. My house hadn’t sold yet and my money was tied up in my house equity and I needed to pay for Canadian Immigration documents, applications for permanent residence, medical assessments, flights to Canada, shipment containers and so on. The money my parents gave me was helpful and the first time I’ve ever borrowed cash from them in my life. They knew I’d pay them back as did I but boy oh boy did I feel stressed that I had to ask them for money. I’ve since overcome that guilt because I’ve learned that our bodies all react differently to certain situations. Since I was the kid who […]

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