How To Be A Successful Money-Maker Instead Of A Money-Talker : The Saturday Weekend Review #236

THERE ARE WAYS TO BECOME SUCCESSFUL AND IT STARTS WITH BELIEVING IN YOURSELF OTHERWISE YOU’RE JUST WASTING YOUR TIME.   Honestly, I don’t think I’ve ever been a money-talker because I’ve had the money-maker motivation from a young age. If I talk about money these days it’s on this personal finance blog sharing our successes and failures. Essentially I’m in the mode of helping others become successful at whatever they choose to do. Becoming a money-maker is not as hard as you think especially if you know how to listen to others who have become successful because they’ve already crossed that bridge. A successful person always believes that they can have a better future considering where they came from and where they want to go. A successful person doesn’t do things on a whenever basis, they are consistent and make sure that what needs to get done gets done. This may mean giving up a couple of hours on a Friday night to make sure the budget is up to date or balancing the books. You have to make the time to be successful and you might even say that your business sense is always turned on even when you […]

Happiness Has Become My New Rich : Net Worth Update June-Aug 2017 (+0.43%)

BE THAT ONE PERSON WHO PUTS HAPPINESS FIRST AND YOU WILL FIND THE GOLD YOU TRULY SEEK.   The richest man or woman is the one who believes that happiness comes before money. In a sea of unhappiness because of job loss, minimum wage, health and all things related to money be that ONE person who puts happiness first. I knew the time would come where I’d have to write a post like this and tell everyone, we spent a large amount of money. Don’t worry I’m not crying over financial loss rather I’m jumping for joy because I understand more than ever what happiness is. I talk to many people daily while networking on social media many of which are not rich in numbers but seem to be content. They don’t have everything they’d like to have but they get by and still manage to have a laugh and create fun instead of buying it. You don’t have to sail around the world to be happy, only YOU can do that. Money doesn’t buy happiness, bla, bla, bla. I know you’ve heard that and it is the single most smartest thing I can agree on in personal finance. My […]

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 […]

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 […]

How Financial Sacrifice Helped Us Become 40 and Debt Free : The Saturday Weekend Review #212

SORTING OUT OUR FINANCIAL AFFAIRS TAKES MORE THAN SIMPLE MATH   For the first time in her life Mrs. CBB bought a brand new cell phone but it took her 20 years to make the decision to do so. Financial sacrifice has been a huge part of both of our lives from the time we were young and even today now that we have our mortgage paid off, $200,000 in the bank and almost all of our investments topped up. It’s not much really considering we could have done better saving using a budget earlier on in our lives. But to someone else that’s a success they dream about. Let me tell you something, it wasn’t easy and it won’t be easy for you. We gave up lots to get ahead and not a day goes by where we regret anything we’ve done.   Unlimited Moves   The other day we made a phone to Rogers our provider for home phone, cable, internet and Mrs.CBB’s new Samsung Galaxy 7 (S7). The reason for the call was to ask about new Rogers promotions that might help us lower our monthly bill and talk about costs of a data plan for the […]

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 […]

Spending less: Kids’ birthday parties on a budget

A Birthday That Won’t Break The Budget Spending less for a kids’ birthday party while still having fun is easier than most people think. You don’t have to spend like the “Party Mamas” (yes the Slice TV program) and have the event catered in with the entire circus, Justin Bieber and custom-made attire for your child to make memories that last a life-time. Budgeting for your kids’ birthday party is something you can easily plan into your monthly budget so you don’t have to dig into your emergency savings or put the birthday party on a credit card. We recently celebrated my daughters’ 3rd birthday this past weekend and to save money I planned a private party well in advance. We had friends and family over for the afternoon to enjoy a backyard barbecue and no birthday is complete without cake and ice-cream. I had planned some outdoor activities for the kids but unfortunately there was thunder and the threat of rain all day which put a hold on any outdoor fun. I still grilled burgers and hot dogs but we ate inside. The kids ended up playing on the new scooter my daughter received for a gift. They took turns going from […]

PF Weekly Reading List #15- Bieber Wants To Help Your Kids “Get Money”

Justin Bieber and financial literacy who would have thought that he would want to teach teens how to “get money”. I almost thought I was seeing things for a moment when reading the news this morning but turns out my coffee was indeed strong enough. I’m not a Belieber but I am a believer in spreading the word about financial literacy. Bieber has stepped up and is backing a real-time monitoring debit card for kids through a Spend Smart Payment company in an effort to spread financial literacy awareness to the teens of today. We’ve talked here at CBB about how the school system should teach kids to “get money” (in other words to understand) so they can live a life not riddled in consumer debt, and now this new type of debit card is in the spotlight. If parents struggle to talk to their kids about money this is the perfect way to bring the topic to the table but in a “cool-kid” type of way. I’ve said it more than once on this blog that “convenience costs” and that’s pretty much what this service will be, a money lesson with a convenience price tag. The card which apparently has […]

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