Are you envious of others’ success in life?

STOP THE GREEN EYED MONSTER   Envious definition for me means that someone wishes they could have your success but they just need to find their own path to reach their goals.  The minute your friends Facebook status goes up and says they got a new job, a new car or are in a new relationship do you get upset that it’s not you? Do you question why nothing good ever happens to you? Are you feeling jealous of other people’s success? Don’t be but if you answered no I’d say you are telling a lie because every one of us a tiny bit of envy towards something. It’s how we handle that envy that matters the most. No one likes to feel as if they failed at life and that they have no other options but to accept what they have been given. I think that we can do anything we want with this one life we are given if we find a way to make our dreams come true. Sometimes all you need is a positive boost from a friend or someone who believes in you and before you know it you will land your dream job. Never […]

What My Life Is Like With Terrible Credit

I am a person living with debt that I can’t pay and terrible credit. I am a single mother of a now 17-year-old son soon to be 18. Over the years there was never enough money and debt just seemed to keep piling up and I wasn’t sure what to do about it. I needed the car to get my son to daycare, then me to work. It  seemed every time I turned around there was a repair that needed to be made on it. My one credit card with the highest balance which is now in collections was typically used for repairs to my vehicle at the time. I was working full-time to pay some of the mechanic’s bills as well as to keep paying my everyday bills and putting food on the table which was hardly enough. That meant that the repair bills often ended up on the credit card. I eventually refrained from using that credit card because the balance was just too high but luckily had a low-interest rate of only 10%. What’s worse is the car had to be junked as it was no longer in a state of repair. I haven’t had a vehicle since that time […]

Lessons Learned From My First Retail Credit Card

Guest Post By: Bog Of Debt – A 27 year old tackling debt head on and sharing her journey. When I was able to open my first credit card, I was on top of the moon. The card was entirely for “building credit” or so I told myself.  I eventually slipped farther away from the goal of building credit and closer to buying things with money I didn’t have. Then came this offer while I was shopping at JC Penny. The conversation went similar to this……. Store Clerk:  Do you have our store retail credit card? Me: No? Store Clerk: Well would you like to sign up for our retail credit card? Me: Well that depends….hmmm Store Clerk: We offer 20% off your first purchase if you’re approved plus there are many deals only valid for our card holders. What is a retail credit card? A retail credit card is a card offered by a specific store or department store and they offer you special deals and discounts for using their credit card! Instantly dollar signs started going off in my eyes! I had the cash money for the clothes I was purchasing and my bank credit card was almost maxed out so I couldn’t […]

Are You In Debt Denial?

I’m no stranger to debt denial but it’s not me who has the problem. Every once in a while I get this chill that goes down my back when my mate, let’s call him “Bobby” rings me up. I know he is broke and always wanting to borrow money so he can go to the club, pay his bills and whatever else he does with his money. The problem is he doesn’t look or act like he is broke and drowning in debt. He makes close to 6 figures a year, drives a fancy car, dresses exceptionally well, takes good care of his grooming and body and he is in his early 30’s.  He’s one of those guys you love to hate because you just don’t get him. He rolls with it, has many friends, lots of girls and not a penny to rub his nose in… but he does have credit and lots of it. As a matter of fact his credit card company just gave him an extra $3000 to spend on his already maxed out credit card. He’s the type that wants to get out of debt fast but is rubbish at managing debt. While this scenario is […]

How We Calculate Our Net Worth~Now Calculate Yours!

What is Net Worth? An easy definition for net worth is that it is a simple calculation where you add up all the things you OWN which is also called an “Asset” and minus the total of everything you still OWE also known as a “Liability“. Net Worth = Assets – Liabilities How to Determine Net Worth Items like your house value, current value of cars if sold today (remember cars depreciate over time meaning they will always be worth less in the future), any investments you have which could be TFSA’s, RRSP’s, stocks, bonds, work or private pensions or cash in the bank are all assets. Assets can be liquid cash or less liquid items such as bricks and mortar (house), less liquid items would have to be sold to generate cash. What Is A Liability? Then, add up all the things you still owe money on like your mortgage, car loan, line of credit etc. All these are called Liabilities which simply means, you are still liable for  them. In other words they still need to be paid whether you have a job or not. After working out what my Net Worth is, what’s it gonna do for me? Calculating your net worth […]

Did You Order Your Credit Report Canada? It’s Free There’s No Excuse!

YOUR CREDIT REPORT IS YOUR HISTORY   When I asked my fans if they had ordered their credit report or if they knew what was on their credit report the answer was an astounding no for many of them.  Most had no idea how to go about ordering a free credit report in Canada. Today, I’m going to show you just how easy that is and it won’t cost you a dollar. Some fans didn’t even care about seeing their credit report and that’s fair as some people truly don’t care but for others it is crucial to know what is happening behind the credit scenes. The worst thing is being uninformed until something goes wrong and then you rush to fix any financial concerns. Sadly, fixing credit doesn’t happen overnight and will take time. A friend of ours moved into an apartment and wanted to get some furniture from the Buy Now, Pay Later place only to find out her credit report came back with an unhealthy mark so she was denied credit. When I asked my Facebook community about their credit report I was also surprised to learn that most had no idea where to find out about […]

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