6 Strategic Money Management Motivators To Keep Us Focused : October Net Worth Update (+0.55%)

THREE M’S THAT CAN CHANGE THE WAY YOU LOOK AT YOUR MONEY FOREVER.   Budget your money, Budget your money, Save, Save, Save we are told, but that’s only a portion of the solution to what so many people are feeling when it comes to feeling the financial crunch. Financial affairs should always be part of your daily routine however just because you use a budget doesn’t mean you will become successful at running it. It takes far more work than just budgeting to achieve your financial goals. In fact it takes a hell of a lot of work outside of the spreadsheet and whether your committed or not will show in the numbers. Let’s talk about the numbers for a moment especially since November is Financial Literacy Month across the globe. Numbers aren’t the only way you’re going to become rich. Come on now we all want to have money in the bank and being rich to you might mean you are debt free or have more than $100 in the bank. Whatever the case may be always remember that those numbers didn’t become what they are magically. They had to come from somewhere, somehow and most likely that […]

5 Vital Personal Budget Audit Questions To Consider

DEBT FREEDOM CAN HAPPEN AS LONG AS YOU PREPARE, EXECUTE AND EVALUATE.   A budget audit really is serious stuff not to be missed or forgotten. No excuses. If you don’t care about how your budget is working for you stop reading this post now and get on with your day. If debt freedom is on your to-do list then continue to learn how we audit our budget and the importance of continuing to do so even when you have no debt. Become a leader and do not simply focus on short-term results or you’ll miss important financial opportunities. Giving your budget the once-over is never enough especially if you are serious about saving money, paying bills and becoming debt free so you can continue to build wealth. This is your opportunity to be the big boss, the one in charge of something so important that it could make or break you financially. How do you think the rich get richer? Well, not all of them do but when you have money you can build your empire if you do it right. I can assure you the financially savvy rich folk don’t spend money frivolously unless they have so much […]

Investing Returns Pave The Way To Financial Independence

  KNOW WHAT YOU WANT NOW SO YOU CAN PLAN FOR THE FUTURE   Reaching financial independence, the point where your investments cover your lifestyle and then some, is the ultimate goal if you want to retire comfortably. And in a perfect world, you would like that to happen sooner rather than later. I have good news for you today: it is absolutely feasible if you put in the right amount of effort and dedication. Yes, even on a small budget. Take a look at the CBB household for instance. They’re worth over $800,000 and on track to pass the million dollar mark by this time next year. And as a faithful reader, you know Mr.CBB is just your regular guy, who started a bit above minimum wage 8 years ago. He has worked two jobs for years and carefully budgeting every cent to make sure his family is safe financially. Related: 5 Simple Rules We live By To Stay Debt Free There you have two of the three steps to financial independence: earning as much as you can, and spending as little as you can. The third part is where you can actually accelerate the process quite a bit: […]

Do you live in a financial independence la la land?

Do the math it works   A state of being out of touch with reality and in this case with money in debt…. yep that’s living in a financial independence la la land. You dream of retiring and doing anything your heart desires because you were smart with your money when you were younger but were you really? You don’t have to be married or in a relationship either to be a donut with your money. I don’t normally watch too much television but last night for the very first time we watched Money Moron staring Canadian financial guru Gail Vaz Oxlade. You either love her or you hate her because of her no-nonsense to the point approach with personal finance. I happen to think if you beat around the bush with finances you get nowhere. Sometimes it’s hard to hear the truth but if that’s what it takes to wake someone up from a financial independence la la land then so be it. It’s amazing how many people who want to retire early and think that the road to that money independence is easy peasy when in fact it takes lots of work. There’s more to the fat bank […]

Top 3 Reasons why a budget sucks

A Budget Is Not For Everyone Not everyone thinks a budget sucks, in fact we love using a budget but I don’t think a budget is right for everyone. If you are working too much or have too much pressure at work the last thing you want to do is count your dollars when you get home. Funny though, that task is now viewed by myself as a positive in my life rather than a task I “must do” in order to build our net worth. If you know me then you know there will be motivation in this post especially if you are someone who wants to take steps towards a debt free lifestyle. Looking back Some people say ‘I never look back’ but I do for certain things in my life, especially if it’s to learn from an experience. There comes a time when you have to realize that you just can’t change someone. If they don’t want to use a budget, they won’t full-stop. When I was on my own and bought my first home at age 21 I can tell you that budgeting wasn’t for me. Looking back it was probably because I wouldn’t have invested […]

Financial Independence may only exist once we get there

A World Where Anything Is Possible I won’t lie and say that I have never thought about what financial independence in my life would be like, because I have. Not everyone allows their mind to wander into the future or an imaginary place where dreams can come true, or at least if for only that moment they are. It takes us to a happy place where our world is a capsule in time that we create and where we feel safe, cared for, loved and at peace with the world. Come dream with me Lay down in a comfortable quiet space, draw the blinds, close your eyes and come dream with me for a moment. Follow me gently to another place where I can script the next chapters of  my life, in my mind. There are times when I’ve spent the winnings of a Lotto Max lottery that I fictitiously won in my head because it seemed more visual than it ever would be. A dreamer I am, that is me, yes, especially with the odds of winning with my eyes open, back on planet earth. As I silently engage your thoughts with mine and walk you through my journey […]