Should We Bother Renovating Before Selling Our Home?

EMOTIONALLY INVESTING IN YOUR HOME RENOVATIONS IF YOU PLAN TO MOVE WILL COST YOU MORE THAN YOU NEED TO SPEND.   Lately I’ve been quite impressed with the house prices in our area but at the same time know that if we sell the cost to renovate and buy weigh heavily on our minds. Not only that but the real estate market in Canada might be hot right now but if you have renovating to complete that might set you back with missed money opportunities. The top 3 questions next to time-frame that you need to answer before putting your house up for sale are; Should we renovate our home to get better return? How much will our renovation budget be? Do we want to upgrade or downsize buying a new house? On our street for 2017 we’ve had 5 houses up for sale all of which sold in and around a week or less.  That might sound impressive and it is because houses don’t last long living in the Greater Toronto Area (GTA). With no more than 100 houses on our street that’s a huge number of nosey neighbour radars going off. That’s us ^^^^, we admit it.   Who […]

Top 6 Retirement Mistakes To Avoid [$1000 Give Away!] : The Saturday Weekend Review #214

STEER CLEAR OF THESE 6 RETIREMENT MISTAKES THAT CAN THROW OFF YOUR PLAN TO RETIRE COMFORTABLY.   We all hope that by carefully planning for retirement we will not have to worry about anything in the future. While making a plan does make you more comfortable and prepared, there are still ways that cause your retirement plan to derail.   Getting divorced   No one plans on getting a divorce, but life happens. Divorce is something that can have a lasting impact on your finances and subsequently on your quality of life. Even if divorce is amicable, legal fees can quickly spiral out of control in dividing the family assets. You probably saved money and made a retirement plan based on the assumption that there will be two people enjoying the family nest egg in the golden years. However, in divorce the savings will end up being divided among two households, which means less money for both of you. Marriage and Common-law partnerships needs to be looked after and time need to be spent nurturing the relationship and taking care of each other. Since at the end of the day it is both a romantic and a business relationship. This […]

9 Inspiring Property Search Options When Moving To A New City

DON’T GET LOST IN THE FRUSTRATIONS OF LOOKING FOR A NEW PLACE TO CALL HOME   Whether you’ve just landed a new job or you’re moving for school or personal reasons it’s important to know where to begin your property search. One of the hardest things about moving to a new city is not knowing the area which can be a struggle when your main goal is to find somewhere to live. I was the person who was frustrated even though I was already living in Canada and the city in which we currently reside. Thankfully I had Mrs. CBB to guide me but that still didn’t ease the stress of making the biggest purchase of our life. Although we weren’t sure if we were going to rent an apartment after moving out from our hole in the ground (the cave) after research and running numbers a property search for a house was our best option. You may be looking to rent a room, apartment, condo or buy a house in a new city so I’ve put together a few inspiring search options to get you started. First and foremost visiting the area you are hoping to move to will […]

6 Simple Ideas To Generate Cash Money When You’re Broke

THERE’S ALWAYS A WAY TO EARN CASH MONEY PROVIDED YOU’RE READY FOR A CHALLENGE   There are some ways to make cash money when you’re broke but don’t expect to be rolling in the cash without some hard work. With Spring around the corner there will be more opportunities to make cash money rather than shovelling snow and praying you win TV Bingo. Wishing on a star is the worst way to earn cash money because you’re risking losing money you already don’t have to spend.   Cashing out the Cash Money   The first thing someone does when they are broke is find every possible source of cash money then could have. A friend of ours who was strapped for cash went as far cash in her RRSP’s so she could pay off debt. I don’t recommend going this route if you don’t have to however depending on a few factors such as age such as this might be an option. If you are under 30 you’ll have a far better chance of getting back into the investing game with many years to accumulate as opposed to being close to retirement age. Staring at your bank account on the […]

Costly New Home Ownership Mistakes You Don’t Want To Make: The Saturday Weekend Review #210

BEFORE YOU SIGN ON THE DOTTED LINE CONSIDER THE FOLLOWING TIPS FROM SOMEONE WHO HAS ALREADY MADE THE MISTAKES.   Let’s just say we know someone who took on home ownership without much exploration but wishes he had done so to avoid the mistakes he made. Mr. Mistake has a child who stays with his mother alternate days through the week so the house is pretty quiet on the off days. At first we thought he would invest in buying a smaller house for the two of them to live in but that didn’t happen. The house he purchased was a 3000 sq ft. two-story home finished top to bottom however it wasn’t to his liking so he took on huge renovation projects. With the help of friends and hired help from Kijiji he got to work. He met lots of characters along the way responding to his Help Wanted ad online but hired very few. Saving money was the idea although not always the smartest when hiring people you don’t know. Even today he will tell you not to bother hiring online even if they come with a resume in hand. If the job goes wrong good luck trying […]

How To Protect Your Property From Open House Theft: The Saturday Weekend Review #197

YOUR OPEN HOUSE IS A CANDY STORE FOR POTENTIAL OPEN HOUSE THIEVES.   Open house signs seem to be flooding the real estate market these days especially during the Spring, Summer and Fall months when the weather is nice in our neighbourhood. A successful open house means that you’ve had potential buyers come through, nothing was broken, nobody was injured and you didn’t get robbed due to open house theft. Open houses today are met with homeowners and real estate agents being more cautious than they once were because open house theft continues to happen every single day. Do you really need an open house? You don’t need to have an open house but if you want one it’s important to know what you’re getting involved in especially security risks.   What is an open house listing?   Once you’ve established that you want to sell your house and you’ve signed all the papers and met up with your agent at their real estate office you may consider an open house. The same rules apply if you are a for sale by owner representing yourself because now you’ve got to do the legwork to make sure you protect your investment. […]

Building Wealth Starts When You Stop Making Poor Financial Decisions

You Don’t Need To Be Embarrassed By The Way You Manage Your Money If You Do It Right.   Building wealth seems to be the target for just about everyone unless you don’t mind struggling for money to pay the bills and retire comfortably. At least once a week I get an email from a fan who tells me they are tired of being broke, have lots of debt and want to start building wealth now rather than later. Not only is that a smart idea it’s the beginning of a journey back to square one where you get to clean your financial slate and do it right. Are you embarrassed by the personal finance decisions that you are making? You should be if you’re making simple mistakes that are causing you to spend more money than you should be especially when you have technology at your finger-tips. Rate comparison for everything is available to us but when it comes to financial rate comparison it takes a back seat to everything else. Related: Stop blaming the government for all of your debt problems. Not having money and surviving on a low-income or struggling with a high debt-ratio can be embarrassing […]

When You’d Rather Be A Fortuneless Genius Than A Rich Fool

THE TALE OF TWO FINANCIAL MINDSETS   Not everyone aspires to be wealthy because although money can take away the stress of everyday financial obligations it can turn a somewhat happy life into a dull miserable daily routine. Then again the rich fool has no interest in becoming a fortuneless genius when they are motivated to build wealth. Who’s right? Who’s wrong? Neither…   Meet the rich fool   Life should not be about gathering wealth nor having an abundance of possessions as described in the Parable of the Rich Fool. There are plenty of wealthy people who may have all the luxuries they need but daily living becomes somewhat of a low-budget movie. It’s easy to put up walls and blinders to those struggles that are happening around the world when money is no object. The rich fool may not survive life on the other side of their bank account especially if they grew up in a life of luxury. Related: How possessions ruined us and minimalism gave us freedom Having lots of money to travel the world, buy fancy toys, big houses, fast cars and all the things that will frost your life with luxury doesn’t make you […]