Network Marketing: What is it and is it right for you?

Do You Have What It Takes To Make Extra Money We could all use a little extra cash at times and they are various ways of earning that money to supplement your income whether it is through online surveys or simply cutting your neighbours grass. But what if you could own your own business with a minimal investment, requiring as much or as little time as you want to devote to it, work from home and have all the training and support needed given to you for free?  Would you consider Network Marketing? What is Network Marketing? By definition from Wikipedia Network marketing is a strategy in which the sales force is compensated not only on sales they personally generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participants ‘downline’ and can provide multiple levels of compensation. So basically what this means is you sell a product or service while getting other people to join your sales team from which you receive a portion of their sales, who then go on and recruit more people to join and so on. The more products you sell and the […]

The Saturday Weekend Review #34: Canadian mortgage rates on the rise

Mortgage Rates Going Up Again They say nothing lasts forever but it should come as no surprise to Canadians when they read that mortgage rates are on the rise. This rise apparently may have a negative impact on the Canadian housing market but I’m going to sit back and see how far they are willing to take this and how many Canadians are still ready to buy. Still, I believe many Canadians are on the fence about whether they should rent vs buy because of their debt load and inability to save up as much as they want or need for a down payment. I know we have friends who aren’t sure what to do because they are still saving up for their down-payment. Owning a home is great but with it comes along plenty of work and upkeep that a new homeowner must be prepared for with time and finances. I see more Canadians reaching out for help when it comes to setting up a budget, grocery shopping and just generally want to get out of debt so they can buy a home or life a debt-free lifestyle. My hope is that with all the information available to people […]

Summer Jobs For Students: Tips For Finding The Perfect Job

By: Katrina Now that school is over, at least for College and University students, it’s time once again to find those perfect summer job opportunities.  For the majority of students, the summer means 4 solid months of money-making time that should not be wasted. So, what can you do to make the most of those months to save up tuition money and expenses for the following school year or to start paying down OSAP loans or other school debts? If you are University or College bound prepare your finances now rather than later because money can mount up fast when you don’t have a plan. It’s also a great way to plan ahead for your student budget before heading back to University or College if you know how much money you have earned over the summer months. Below are some tips that I’ve learned over the years which worked for me or others that I know to find summer season jobs to make money. Don’t be afraid to put yourself out there, after all most employers are looking for employees that are creative, go-getters and want to work hard for their organization. Seasonal Jobs Many landscaping, painting, and window washing companies as […]

I Can Buy It, But Can I Afford It

Author: Katrina I can buy it, but can I afford it. Sounds pretty simple right?  It is! This last year has been a very educational year for me in terms of finances and managing my money. Every day I am improving and I am further along than I ever thought I could be. I’m actually really enjoying learning everything there is to know about personal finance especially when it comes to my bad habits. Since starting my landscaping business which is a passion of mine, earning extra money has been an eye opener for me. I have also been able to engage in a few money conversations and actually feel comfortable having an idea of what I am talking about. One of those conversations happened just this past weekend. What Can You Afford? I have always enjoyed talking with my one Uncle and this time we talked about money! I loved it! Even more I loved what he shared with me. He mentioned that when he talks finances with people he always brings up the phrase…. ‘I can buy it, but can I afford it’?  These were just the words I needed to hear. Simple and easy to say to myself, which I will…over […]

What are Realistic Investment Returns

This is a contribution by Troy, blogger behind The Financial Economist. What are Realistic Investment Returns? In these days when Bernake rules supreme, the average citizens of the world are left with two choices. Either we can invest in bonds that yield an unbelievably awesome 2% a year, or we can invest our own money and make a meager 12% in this bull market. Tough choice, eh? Such an obvious choice is what draws so many new investors to the market – the chance to make some real money in this next-to-nothing interest rates environment. Unfortunately, too many investors approach this game with the mindset of a gambler – I’ll be real angry if I don’t AT LEAST double my money this year! Of course, you ask these guys how they know how they can make such pathetic returns, and they’ll say “I can just feel it in my bones!” Now you may be laughing at this, but this is a far too plausible scenario. Too many investors jump right on-board the Investment Train without knowing that this train often runs parallel to the edge of the Rocky Mountains. So what kind of returns can an individual investor realistically expect? Like everything […]

PF Weekly Reading List # 19 And ‘Tough Titsday’ Class Win or Loss For Business!

When a business is looking to take risks like Cross-Fit in South, Brooklyn by naming one of their exercise classes “Tough Titsday” it was inevitable that they would at some point upset someone. Problem is, the name really wasn’t a risk in their eyes because the meaning behind it really is different from what we apparently perceive it to be. Should business owners really watch what they say and how they say it for fear of offending potential clients or is it simply common sense? These days it seems everything is posted online and nothing is private any more not even an email or a delinquent account. I touched briefly on this topic back a couple of weeks ago about business suicide and social media and now another case of what’s right and what’s wrong and who really cares has surfaced. Sometimes it almost seems as if you can’t please everyone and the reality is, you can’t. The owner David Osorio of the gym went on to ban a complaining member who questioned the professional judgement and the name of the class which was named by female coach, Margie Lempert. So where one female saw this as no big deal another chose to speak up because she took […]

PF Weekly Reading List #17-Customer Service, Business Suicide And Social Media

  Customer service and business dealings have changed over the years where many now turn to social media such as Twitter and Facebook to vent frustrations both from a business and customers perspective. From a consumer’s perspective I know it’s likely only going to get worse instead of better, especially for those that feel their voice is much more powerful via social media. The Good Old Days There used to be a time where we filled out a “customer satisfaction” card at a restaurant or business, talk to a manager or simply make a phone call but these tactics are not as common any more. Now you can read the back of your receipt or bill and go on-line to leave and fill out a survey to leave the good, the bad and the ugly comments about the service you received. Some people go as far as to Tweet a business that is not giving them the service they were  promised or the answers they need in a timely fashion. If a customer doesn’t receive the service they expected it’s important for business owners to know so they can improve. Without this information it’s difficult to know what direction to […]

Is Budget Failure Your Own Fault?

An acquaintance of mine said to me once that “Budget failure is your own fault” when I asked why failure rates were so high amongst some people who try to use a budget then scrap the idea. I’m not so sure how much I agree with him but to a certain extent it’s not the budget that fails, it’s the operator of the budget and circumstances that surround it. It’s no surprise that some people have no problem spending more than they earn but they are first to challenge all the reasons why they can’t get a second job or earn extra income to pay down consumer debts. Then again anyone would agree that not much elbow grease is needed to spend money as opposed to earning it. When Cindy shared her story with us at CBB about how she changed her life after turning to credit cards because she couldn’t make ends meet she says, “it’s the one thing she wishes she had never done”. The greatest success for her was to budget and find a way to earn extra money working from home by making jewellery instead of giving up. Failure Is Scary Budget failure scares us a bit […]