5 Things You Need To Know Before Discussing Your Financial Situation : July 2018 Net Worth Update (+1.13%)

When your financial situation is in high spirits and you want to share your happiness with friends and family someone else’s world may be in financial crisis. One thing I learned early on before writing this finance blog is that money talk can be strange especially when you deal with different financial situations. If you’re debt free and the world is a blue sky and sunny days and you start talking about it to someone then you risk them telling you their financial situation is dark, hollow and lost. You either have to take the good with the bad or the bad with the good and accept it, run with it or not even talk about it from the beginning. It’s that simple but for this one reader she made the mistake of talking about her financial situation with a friend who was in dire need of some money and now she doesn’t know how to respond to her. Let’s read what she had to say…   MONEY TALK CAN SET THE STAGE FOR FUTURE FOOTINGS BASED ON WHAT INFORMATION YOU SHARE   Dear Mr.CBB, Thanks for taking questions and I hope this one makes your list for discussion on […]

Why Do You Care So Much About Your Neighbours Income Levels?

THE TALK OF THE NEIGHBOURHOOD WILL BE YOU AT SOME POINT AND HERE’S WHAT YOU SHOULD KNOW   A good conversation starter often begins with the weather but in neighborhoods the neighbours talk careers, income levels and the business of everyone around them. Does money really make you happy if you have more than your neighbour does? For some of you reading this, YES and others not so much. There is peace of mind for some people knowing the income levels of their neighbours and for others it’s simply a war on who earns more and who gets the upper-hand on conversations. Have you ever driven down the street making your way home only to notice a congregation of neighbours chatting away. What are they talking about? Probably other neighbours, real estate or general gossip. Perhaps they are just friends planning the next get together but I’ve yet to run into many of those neighbourly conversations. Making more money than your neighbour may make you feel like the happiest person on the block but why do we care so much? You might tell yourself that you don’t and perhaps that is the truth but how often have you wondered what […]

10 Pointers When Considering A Pay Cut For Career Change

NEVER GET USED TO THE MONEY YOU EARN   If I asked you whether you’d leave your current job for a new job that comes with a pay cut, what would you say? Most people would be on the fence not sure what to do and others might drop everything and dive right in. There are lots of things to consider before making a career change and it starts with the financials.   There’s no way I would take a pay cut   Sometimes you may have no option whether you get a pay cut or not so before you dismiss earning less money remember you are owed nothing and can lose it all in an instant. Perhaps a better way to view a pay cut is that it would take adjusting to but eventually it will work out. What does it mean to take a pay cut? It is what it is, a pay cut. It means you get less money for a job you perform whether it be your current job, a new role with-in a company or a 360 degree role change into something entirely new. It happens every day and to be honest more people need […]

You’re Doing It Wrong If You Believe In Job Security : The Saturday Weekend Review #229

THERE IS NO SUCH THING AS JOB SECURITY BUT THERE IS FINANCIAL PREPAREDNESS IF YOU CAN BELIEVE IN THAT.   Don’t make the mistake of someone who lands their dream job and believes they’ve found the golden ticket to wealth and job security. No, no my friends it doesn’t happen that way. Never has and never will. One morning you’re lacing up your dress shoes and putting your tie on and the next you’re updating your resume. It happens and it happens often. Remember the time you thought you didn’t have enough dresses to wear to the office but now you have a closet full still with tags on them but no job to go to. It’s a whirlwind of emotions when job security turns to the announcement of layoffs.   New House, New Career, New Resume   Just after we married Mrs. CBB landed her dream job or at least a job that offered her a private office, benefits and flex-time. It was the perfect job, close to home and excellent pay for starting out. She was the happiest woman alive because she was motivated to be the best she could be. After the transition to her new career […]

A Guide To Spending Less On Work Clothes

BE SUCCESSFUL AT WORK WHETHER YOU WEAR GIANT TIGER OR GUCCI   Depending on where you’re employed purchasing work clothes can be costly especially if you must wear casual or business attire. I’m sure those of you who work from home and are reading this in your Pajamas can verify that work clothes are over-rated and a huge expense for anyone’s budget. There’s no need to splash a tonne of money to look presentable for work. The key to shopping for work clothes is to feel comfortable for your environment and abide by dress code rules. The worst thing employees can do is spend money to look good for the employer or other employees rather than focus on their role. It’s not a fashion show (unless of course you are a model but that’s probably the only industry where clothing matters but they likely don’t have to buy it.)   Success doesn’t come from what you wear   An excellent employee will always excel no matter if they are wearing Gucci or Giant Tiger work clothes. It’s more about motivation, dedication and drive to be successful. Your clothes can still be trendy and sexy even if you find ways to […]

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