Mortgage Freedom Means You Still Need To Run : Our May 2017 Budget Update

EVERY DAY IS LIKE A FINANCIAL ROAD TRIP WITH BUMPS, DETOURS, GREEN LIGHTS AND FLAT TIRES.   Teach me how to get rich my sister-in-law asks me surprisingly a few weeks back since finding out we’ve been mortgage free 4 years as of May 2017. I don’t know about the “Rich” part but I can certainly talk for hours about budgets, frugal living and the importance of it all.   Mortgage Freedom is just the beginning   Since burning our mortgage papers Mrs. CBB and I have done one thing that some people might stop doing. Do you want to know what it is? Of course you do. Related: How we became mortgage free in 5 years We never stopped with the financial discipline we’ve ingrained into our routine over the past 10 years. Sometimes it’s hard to look back and think it has been that long but not really when you consider the life of a typical mortgage is 20-25 years. I don’t have all the answers but I do know that if you aren’t prepared to invest in your finances then you must deal with what you have. I don’t care if you’re already rich, collecting welfare, earn […]

Is Parenting easier when you are considered rich? : The Saturday Weekend Review #125

MONEY DOES NOT REPLACE LOVE   Parenting has only partly to do with money and everything to do with love and a desire to be the best parent(s) you can be. We’ve talked about the definition of rich and how it has different meanings for everyone in the past on CBB. For most people we associate “rich” with the rich and famous A-listers, musicians and famous people like the Kardashians. There are also rich people worth millions who aren’t famous and those who are rich because they don’t have much to worry about financially with all of their bases covered. Rich to some people may also be someone who has a great career, who owns a home, a car or even someone who has no debt. The dual-income family may also fall into this category. In other words if you have cash to spare and no debt you should have money to burn and you must be taking advantage of the easy life because you can. This is all wrong and based solely on assumptions. Money in parenting only helps to pay for food, clothing, daycare or the babysitter and all the other necessities some of which you can get […]

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