Why A Second Income Sometimes Isn’t Enough: April 2018 Budget Update

MORE THAN ONE INCOME STREAM DOESN’T MEAN YOU’LL BE RICH!   When people tell me that they earn a second income I’m impressed and nosey at the same time. Who wouldn’t be? I’m always keen to understand why people choose to earn extra money whether it be to get ahead or to stay afloat. A few months back I had a gentleman send me an email to ask about a third income stream because the money he earned wasn’t enough to make ends meet. As you know I worked two full-time jobs for many years just to get my foot in the door to where I am now a permanent employee but it’s not something that was easy. Sometimes I dread thinking back to all the time it took away from my family but it was something I did for all of us. A second income however doesn’t mean a second full-time or even part-time job it simply means earning extra money aside from your main money source. There are many of you reading this right now who probably have multiple money streams and YES that is awesome but as we all know the best money earned is that where […]

16 Action Steps We Use To Get Ahead Financially : The Saturday Weekend Review #185

YOU WILL NEVER FIND A MANUAL FOR SUCCESS THAT IS WRITTEN FOR YOU- YOU ARE THE ONLY AUTHOR OF YOUR LIFE.   Everything stops for a cuppa tea in our household because it’s during those minutes that we are able to relax, regroup and think about our next action steps. In essence we take a few moments to relax from the stress of our day to see where we are on our path. We’re a family of 3 and debt free including our mortgage and it certainly wasn’t an easy road to get to this point of freedom. One of the most important mindsets that we adopted early in our marriage was that we would partially sacrifice today for our future riches. That meant that we didn’t go out partying nor did we buy things we didn’t need. We were all about frugal living and still are but the emotions we felt when we burned our mortgage papers made us realize that it was all worth it. The smiles and gut-busting screams of relief made it all feel real to us. No more debt, no one can take our life away from us now, we own it. Except for death […]

How to make money fast without going crazy

MAKE MONEY WITH THESE SMART TIPS   If you need extra cash and you want to make money fast put on your thinking cap. Turn your skills into cash and your junk into gold with these tips. I have a reader question today and 28 year-old Chris wants to know how to make money fast without stress to pay off his bills aside from his full-time job. He says he’s been following Canadian Budget Binder since the start and wants to start a  debt-free life as early as possible while paying down his mortgage. It’s nice to know that we inspire the fans although that’s essentially all we are here for. Chris has a good question today and there is no one right answer but there are ways to make money to help pay down debts. Making extra money might not produce a windfall but I can tell you with the extra money we made over the years it helped us to pay off our mortgage in 5 years. All the spare cash we made went to small projects, entertainment or paying off small debts. Money is money so if you can scoop up a few extra bucks here and […]

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 […]

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