How A Life Changing Illness Shaped Our Financial Future

JUST WHEN YOU THOUGHT EVERYTHING WAS GOING WELL YOU’RE HIT WITH AN ILLNESS THAT WILL FOREVER CHANGE YOUR LIFE.   I’ve been writing about money for much of the past decade but I didn’t always have my act together, financial speaking. In fact, I spent most of my twenties deep in debt, and it took a big, scary, life-changing event for me to have my financial awakening. I’ll never forget the day when my world changed. It was 2008, and my wife had complained of a headache – a pain behind her right eye, to be exact. She was in excruciating pain and nearly went blind, temporarily, seeing only red spots out of her affected eye. An ophthalmologist confirmed it was optic neuritis, an inflammation that affects the optic nerve. After prescribing an incredibly high dose of prednisone to bring down the inflammation, the doctor referred my wife to a neurologist who diagnosed her with Multiple Sclerosis. We were devastated. At the time, we didn’t know much about MS and how this disease would impact our lives. All we knew was that each flare-up of the disease caused nerve damage, which would gradually get worse over time and lead to […]

Should I Spend $35,000 to Renovate My House or Move? : The Saturday Weekend Review #146

HOME OWNERSHIP ISSUES   How much does it cost to renovate a house? Well, to renovate anything to do with your house can cost as little or as much as you’re prepared to spend. With everything on the market these days there are high-end products and for those who don’t wish to spend too much money you can be frugal and spend less on lower-budget fixes. With each of the above your choices can make or break the sale of your home depending on what you choose to renovate and how much money you put into the renovation itself. When I say make or break I mean how much money you’ll get for what you put into the house or for what it’s worth. A friend of mine who is single bought a 25-year-old starter home a little over 5 years ago in a great area of town. His house is around 2000sq feet with a fully finished basement that needs updating. Other areas of the house he wishes to renovate are both the full-bathrooms and the kitchen. The roof and windows have already been replaced since he purchased the home. The most common areas of a house to renovate […]

Do you know a credit card debt victim? : The Saturday Weekend Review #111

WILL ANYONE LISTEN?   We all know someone who constantly whines about money and plays the credit card debt victim role yet does nothing about it. Having credit card debt and struggling to pay it off is a stressful place to be for anyone especially if you are already on a tight budget. I certainly wouldn’t want to be that person but I would give up whatever it takes to get out of it, no excuses. One of the main reasons people stay in debt is because they spend more time trying to justify why they can’t get out of debt rather than doing something about it. I know one woman who started cleaning houses on the weekends when the kids were with their father just to get rid of credit card debt she says she created when they split up. Some people might think that I don’t know what it’s like to have limited income or debt so how could I possibly share my thoughts on the topic, but think again. I may not have had credit card debt before but I have had debts in the form of  a mortgage, education, vehicle, etc. I even owed my parents […]

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