Dangers Of Role-Playing The Rich Life Without Financial Peace : The Saturday Weekend Review #213

WHEN THE CURTAINS CLOSE WHO WILL BE THERE TO SAVE YOU?   I’ve learned that there is no in-between for people when it comes to financial success and what one would consider money failure. Many people either consider themselves rich or poor and that’s what they base financial success on rather than being comfortable in the middle. I’m not going to get into a spiel (shocking I know) about how to save money or get out of debt because I’m sure by now you should know how-stop spending money. Instead I want to focus on financial peace and what it means to you. Have you ever thought about what would bring you financial peace in your life instead of stress? If yes, how are you working towards attaining financial peace? If no, stop trying to figure it all out or pretending you’re someone you’re not for the sake of playing the lead role in a movie about your life that doesn’t exist. Related: How to say No, I’m on a budget. Unanswered questions most often become swept behind and forgotten until it’s too late. Why is it so hard for someone to say, ‘I’m broke‘ or “I just don’t have […]

What It Feels Like To Have No Debt When Others Struggle : November 2016 Net Worth Update (+1.58%)

NO MATTER WHERE THE JOURNEY TAKES YOU FEEL THE ADVENTURES FOR THOSE WHO ARE NOT.   Do I know what it’s like to struggle financially and feel like I’m not going to get ahead? You’re damn right I do, but not the way you might be or someone else might be. Our struggles are our own but even then it can leave a lasting scar. Let me explain why and how I overcame these dark feelings and my importance to motivate others to feel their financial dreams too. I can’t remember a time during my teen years where having no debt was part of the equation in my day-to-day activities. Making money and saving it was what life was all about for me up until I bought my first flat at age 19. That’s when my financial radar kicked in and boy was it a shocker. Related: Was I too young when I bought my first property? It was then when I realized how debt could make you feel since I’d always paid cash for anything I needed. I don’t come from a wealthy family in fact most of my years were spent working to save for anything I needed, […]

Building Wealth Starts When You Stop Making Poor Financial Decisions

You Don’t Need To Be Embarrassed By The Way You Manage Your Money If You Do It Right.   Building wealth seems to be the target for just about everyone unless you don’t mind struggling for money to pay the bills and retire comfortably. At least once a week I get an email from a fan who tells me they are tired of being broke, have lots of debt and want to start building wealth now rather than later. Not only is that a smart idea it’s the beginning of a journey back to square one where you get to clean your financial slate and do it right. Are you embarrassed by the personal finance decisions that you are making? You should be if you’re making simple mistakes that are causing you to spend more money than you should be especially when you have technology at your finger-tips. Rate comparison for everything is available to us but when it comes to financial rate comparison it takes a back seat to everything else. Related: Stop blaming the government for all of your debt problems. Not having money and surviving on a low-income or struggling with a high debt-ratio can be embarrassing […]

5 Reasons Why You Should Build Wealth From The Inside Out : August Net Worth Update (+0.95%)

  BUILDING WEALTH FROM NOTHING IS NOT IMPOSSIBLE AND WORTH THE CHALLENGE   You can’t be financially successful unless you’ve created a personal manual and mastered it which is why it’s very important to build wealth from the inside out. What does all this mean? It means you need to have a purpose before you can fulfill your financial dreams and the only way to achieve this starts with-in by writing a story. To build wealth you must do 3 things; Plan it, Master it, Live it.   Build wealth without fear of failure   1. Investigate step by step the reasons why you want to be financially free. Once you have a clear view of your path or even an inkling of where you want to be it will help you take the first step. For example when Mrs. CBB and I decided to use a budget we talked about why we wanted to use one and wrote down some key points to make sure we were on the same page in the manual we were creating to build wealth. 2. Create a strategy and a sketch It’s great that you have ideas but you need action steps to […]

5 Motivational Inspirations To Consider While You Bulldoze Debt : The Saturday Weekend Review #188

IF DEBT BOXES YOU IN THERE ARE WAYS TO HELP PULL YOU OUT.   Becoming a motivational push for those who have large amounts of debt isn’t as easy as it sounds even if you are debt free and have been down that same path or a similar one in the past. When I started blogging at Canadian Budget Binder I didn’t realize how much of a motivational inspiration I would be to many of my fans. I thought I would be writing for myself but almost 5 years later and thousands of readers I have an audience that  motivates me to share our financial experiences and those of other fans. If I didn’t believe that I was influencing my readers in any way especially by letting them into our home and financial world I would have quit blogging years ago. That’s clearly not the case as my readers are my rock. The sheer amount of emails that I get from fans looking for budgeting tips or sharing with me their success stories because they read my blog motivates me to keep on writing. Do you see how this works? You give, you get, you give, you get. It all […]

When You’d Rather Be A Fortuneless Genius Than A Rich Fool

THE TALE OF TWO FINANCIAL MINDSETS   Not everyone aspires to be wealthy because although money can take away the stress of everyday financial obligations it can turn a somewhat happy life into a dull miserable daily routine. Then again the rich fool has no interest in becoming a fortuneless genius when they are motivated to build wealth. Who’s right? Who’s wrong? Neither…   Meet the rich fool   Life should not be about gathering wealth nor having an abundance of possessions as described in the Parable of the Rich Fool. There are plenty of wealthy people who may have all the luxuries they need but daily living becomes somewhat of a low-budget movie. It’s easy to put up walls and blinders to those struggles that are happening around the world when money is no object. The rich fool may not survive life on the other side of their bank account especially if they grew up in a life of luxury. Related: How possessions ruined us and minimalism gave us freedom Having lots of money to travel the world, buy fancy toys, big houses, fast cars and all the things that will frost your life with luxury doesn’t make you […]

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: […]

How To Make Easy Money When You’re Broke : The Saturday Weekend Review #180

THE MOST IMPORTANT THING YOU CAN DO FOR YOUR FINANCES IS TO NEVER GIVE UP TRYING.   Over the last 6 months I’ve read article after article about increases in household expenses with Ontario Hydro in the spotlight. I’ve had a few fans contact me with questions about using our budget who then confide in me that they can’t keep up with rising costs and they don’t know what to do. It’s always hard for me to read personal stories because I wish I could take the financial stress away that people are feeling which is why I started this blog in the first place. Not everyone is struggling because they spend too much or have piles of consumer debt either. Sometimes financial struggles are beyond our control so we have to find other ways to make ends meet. If you’re not earning or saving enough money there are options for you to help keep you on your feet. Falling on hard times is a wide-spread problem for some people who end up moving to a smaller city with cheaper rent or renting a room instead of an apartment or condo. If you are a homeowner struggling to pay the […]