How Tracking Expenses For One Week Can Change Your Life

BLINDING DEBT IS THE WORST WAY TO GET AHEAD FINANCIALLY   All it will take for most people is one week of tracking expenses to stop, drop and roll because alarm bells go off and someone has to call 911. The only problem is that no one is going to put out your financial fire but yourself. Skip the I’ll pay tomorrow, next week, next month or forgetting about bill payments all around. This has to stop and if you can’t get your sh** together then there’s no point whining about money. Even someone who is on government assistance, working minimum wage jobs sometimes even two to get by can be better savers than the person who earns a higher income but doesn’t have a damn clue how to save it. I’m tired of people who have it all and can’t get it together and it’s the people who hit rock bottom that are climbing the financial ranks because they teach themselves about money and how it all works. You know, spend less, save more. It’s a simple way of looking at money even if you only have $5 to spare every month BUT that $5 surplus is going to […]

Your Personal Financial Report Is More Than Just Numbers : May Net Worth Update 2016 (+2.99%)

FINANCIAL INFORMATION CAN ONLY BE EXTRACTED BY THOSE WHO WANT TO UNDERSTAND HOW THEY ARE DOING WITH THEIR MONEY   If I asked you what your monthly financial report would tell me you might say that you don’t care about what your net worth is or how you should fix underlying problems that lead to money stress if you’re worried about the outcome. If you do care good for you because you’re creating chapters in your financial book and know how important it is to understand your numbers and to run a financial report. Perhaps you were the person I first described above but have since had a changed mindset and wonder what took you so long to jump on board. That’s good we need to continue asking ourselves questions so we dissect the root cause and stop putting a band-aid over the problem. Some people complain about how net worth is calculated and others moan about using a financial advisor to complete investment transactions and that’s fine. Don’t let anyone get under your skin or bully you into thinking there is a right and wrong way and if you don’t follow it you will be poor the rest of […]

CBB Year-End Financial Report 2015 (+22.6%) : November (+2.06%) December (+1.51%) Net Worth Update

THE NUMBERS ARE FINALLY IN   We anticipate our year-end financial report like little kids because we want to see if our predictions were accurate for the year. At the beginning of 2015 we predicted we would be sitting on $700,000 of net worth by the end of 2015. Although we track our finances all year and can make changes as we go it’s always nice to find out if our hard work has paid off. As we treat our finances like we are running a business it is only fitting that we spend some time talking about our year-end financial report for 2015. No we aren’t the Donald Trump’s of Canadian budgeting but we certainly take our finances seriously. What is in our year-end financial report? Numbers, that’s what. Our year-end financial report will tell us just how well we were able to save money, reduce debt and how our investments did for us over the course of the year. Not every year will be the way we dreamed it would be but if we are headed in the right direction towards our financial goals we know we will get to where we want to go eventually. Even though […]

CBB Year-End Financial Report : December 2014 Net Worth Update (+1.29%)

FINISHING UP THE YEAR   As another year ends we look back on what occurred to make the gains we made and the losses we took a hit on with our year-end financial report. The objective of financial reporting at the end of the year helps us to create goals for the following year and to somewhat forecast where we are going financially. For the first time in our lives we have been able to say we are mortgage-free and that happened back in April/May of 2014. This was not only an achievement for ourselves but set us on the right path to save and invest even more for a healthy retirement in the future. There hasn’t been one point during the last 4 years of using a budget that we thought, this isn’t worth it. It was and continues to be the best thing we ever did for our finances. In 2014 January to December we saw a 11.34% increase in our overall net worth which is more than we ever imagined. Thrilled, you bet. Motivated… beyond belief! Below is our final numbers for the 2014 year.   Our 2014 Financial Report   Below you can click the links […]

%d bloggers like this: