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 […]

7 Facts about Credit Card Loans That make them Overshadow Bank Loans

FROM TIME TO TIME YOU MAY BE FORCED TO MAKE FINANCIAL DECISIONS WHEN YOU DON’T HAVE AVAILABLE SAVINGS.   There are options with-in reach for those of you who are struggling to get ahead provided you find one that works with your budget. In this era of digital transactions, credit cards have a myriad of uses ranging from cashless transactions, reward points to special deals. In fact Mrs. CBB and I typically only use our credit cards to make purchases because of the perks. We pay our credit card in full at the end of the month and hardly ever have to step foot into our bank. Credit cards offer the convenience of shopping almost anywhere across the globe with a swipe, tap or insert payment option. If handled correctly credit cards can be a source of freebies and financial help in the event you are stuck without emergency savings as back-up. Even if you do have savings, sometimes they are just not enough depending on the circumstances. In addition, you can access a fast pre-approved loan within and sometimes over their credit limit. The company advances you the amount that you can pay at a later date with a […]

How to Save Money on Airfares Using A VPN

TRAVELLING WITHOUT THE HIGH COSTS MEANS A BIT MORE WORK SOURCING DEALS BUT WORTH THE EFFORT.   We often do a lot of traveling, whether it is for business ventures or vacations. In fact, we’re heading to the UK next month for the first time since I moved to Canada 10 years ago. Travelling to Europe isn’t as cheap as it was when I lived there. I was able to score some great deals and travelled to many countries for cheap and vacationed like a king on a budget. In today’s technologically advanced world, we can hardly spend time away from our digital gadgets. We need to check our Facebook accounts, watch the trending videos and keep our friends updated about our whereabouts — even when we are traveling. But in doing so, we often risk our online security. Especially when we use the public or semi-public Wi-Fi at the airports, train stations, cafes, and hotels. Related: How I budgeted my travel expenses for work and for play Anybody using the same network can track your activities and fetch the information (usernames, passwords, credit card numbers, etc.) you send over the Internet connection. However, a VPN can be your savior. […]

How To Build Your Wealth Without Earning Big Bucks : April Net Worth Update (+1.96%)

YOU MUST BE EARNING BIG BUCKS IF YOU’RE DEBT FREE- Not exactly.   The misconception that you must be rich and earning big bucks if you’re debt free is SO WRONG. The first thought that comes to mind when a young person says they are debt free without a mortgage is that they must have inherited money from someone. Typically the parents are the first target of interest, but does that really matter? Not really. It helps but it’s not often parents have the spare cash to dish out but for those that get that kick-start if they aren’t money-wise they could lose it all. Buying a house depending on where you live in Canada is becoming out of reach for many people especially millennials looking to get into the real estate market. A recent house sale on our street went for nearly $700,000 at just under 1400sq feet. Have a look at how much we value our house at in our net worth chart below and you’ll see what I mean. Manulife Bank issued survey results on Tuesday that suggest 45 per cent of millennial home buyers received a gift of money or a loan from family. That compares […]

Crazy Notions About Being Young And Living Debt Free : The Saturday Weekend Review #221

IF YOU GET EXCITED ABOUT WHAT SOMEONE ELSE HAS DONE ASK THEM IF THEY WILL TEACH YOU TO DO THE SAME.   There was a time in my life where I would come down on myself hard because I was sick and tired of not being able to live the dream. Whatever that meant back then I can’t tell you but I know today that it means living debt free. If one of my mates had rich parents I would be jealous about it and wished I was that lucky. There was lots of wishing going on and not much doing. Once I had my first job earning money that’s all it took because I never looked back, only to say I’m sorry for judging you in my own little way. I wanted all the riches back when I was a boy but as I became older and lived through many financial experiences that super-charged my mindset. I’m finally at a happy place in my life where money doesn’t matter so much. It’s just nice to have and money stress is gone for the most part. I don’t go to work for the money, I go because I love it. […]

How to become Financially Free in a How To World : March Net Worth Update (+1.46%)

HOW TO LOSE A GUY IN 10 DAYS…   Remember that movie? Even the relationship industry has poured their hearts out to those in need of motivation for years and making a mint from it. Why? The words How and To can be compared to gold because finding the answers to something you need or want is a relief, a big one. Becoming financially free was something I wanted from a young age even though I was still learning about what the heck it meant. All I knew is that if you needed something you had to have money to pay for it. I knew that you had to work to make money and that it wasn’t always easy to find a job unless you specialized in something that was needed. I ask myself, ‘How to’ do something when I don’t understand what I’m doing and Google it. I did lots of that when I was in University and I still do it today for just about anything I need clarification on. Is it all true what we read online? No, so before you rush out to make millions of dollars from licking envelopes be ready to embrace the good, […]

How Should Couples Split Household Bills?

WHEN YOU MOVE IN WITH SOMEONE YOU SHOULD NEVER EXPECT TO PAY LESS OR MORE BASED ON YOUR INCOME LEVEL.   Moving in together is a big step for couples and with that comes an entirely new set of financial rules mainly called, splitting. When should you talk about money in relationships? Whenever it is right for the both of you but certainly before moving is ideal. Don’t be afraid to pull out the money card because if you’re thinking it then it is important to you as it should be. Living together may be economical especially if you are spending every day with someone you care deeply about however there is much to discover before you take that step. Some couples just end up moving in together without even knowing it. A shirt here, pants there and before you know it your bathroom counter shares his and her health and beauty products. What in the world just happened? You moved in together and with that comes financial responsibility. Unless you plan to fork over all the money for your partner who now lives with you, talking about splitting household bills is a good idea. Generally doing this before-hand is […]

University Student Makes Costly Friendship Mistake

SOMETIMES THE BEST PATH IN LIFE IS TO FIRST BELIEVE IN YOURSELF.   Friendship is a wonderful thing especially when you are networking and keeping doors open for opportunity that might come your way. It’s all about who you know right? In most cases, yes but you can’t just rely on friends. Do you tell yourself, “I need a friend” or ” I want a friend”? There is a difference between Needs vs. Wants that we talk about in the finance world and the same can be applied here. If you don’t need it then don’t waste your time, energy or money on it. If you want something then you have to work hard to save money to pay for it. Compare this to earning the friendship of someone new in your life. Don’t get me wrong, having friends is great but at the end of the day they do their thing and I do mine. Contrary to what you’ve read in children’s books growing up life isn’t all about rainbows. There are no unicorns, dolls and talking cars who will watch your back and give you advice. At one point you probably imagined that Spiderman was your hero and […]

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