How To Make Fast Money In Canada Using The 3 Z’s Of Finance : Our February 2017 Budget Update

WHEN YOUR BANK ACCOUNT NEEDS MONEY YOU NEED 3 SPEEDS OF EARNING POWER.   What would happen if your pay cheque was short $100 and you needed fast money to pay the bills? For many Canadians a small financial loss such as $100 is a huge hit to their monthly income. I know what it’s like to have an almost empty bank account in Canada. I’m the type of guy who likes to rely on myself so after Mrs. CBB and I got married I got down to business trying to figure out my earning potential. Starting from scratch in a new country is difficult just as it is for those who are already living here and have been for some time. It’s not about just who you know it’s also about the art of negotiating, communicating and networking. Living pay cheque to pay cheque is reality for many Canadians as prices soar in just about every budget category imaginable. Lately I’ve had some inquiries from readers who are either new to Canada, been here for some time or born here wanting to know how they can earn fast money. My first response would typically include me asking why they […]

16 Action Steps We Use To Get Ahead Financially : The Saturday Weekend Review #185

YOU WILL NEVER FIND A MANUAL FOR SUCCESS THAT IS WRITTEN FOR YOU- YOU ARE THE ONLY AUTHOR OF YOUR LIFE.   Everything stops for a cuppa tea in our household because it’s during those minutes that we are able to relax, regroup and think about our next action steps. In essence we take a few moments to relax from the stress of our day to see where we are on our path. We’re a family of 3 and debt free including our mortgage and it certainly wasn’t an easy road to get to this point of freedom. One of the most important mindsets that we adopted early in our marriage was that we would partially sacrifice today for our future riches. That meant that we didn’t go out partying nor did we buy things we didn’t need. We were all about frugal living and still are but the emotions we felt when we burned our mortgage papers made us realize that it was all worth it. The smiles and gut-busting screams of relief made it all feel real to us. No more debt, no one can take our life away from us now, we own it. Except for death […]

How To Ditch Your Pricey Mutual Funds

By: Mark Seed (If you’d like to contribute to CBB please contact me.)   GET PERSONAL WITH YOUR INVESTMENTS SO YOU KNOW EVERYTHING   Over the last few months, I’ve received a few emails from readers that go like this… I’ve been with my investment company for over 10 years now. I’d like to stay with them because I like them but I keep hearing that high fund fees are bad for your portfolio. Is that true?  Should I switch? If so to what? I like your blog a lot and I’m envious about how you managed to get out of your high-cost mutual funds into low-cost Exchange Traded Funds and some stock investing. Where do I start? What should I think about?  Readers, I sense your frustration.  I’ve been there so I know how you feel.  I feel my biggest investing mistake to date was investing in pricey mutual funds for far too long. Insanity: doing the same thing over and over and expecting different results – Albert Einstein. Today’s post will share my background in investing, why pricey mutual funds will hurt your portfolio and what you can do about it.   My background and mutual funds 101   […]

Stealing Outdoor Christmas Decorations Is The New Money High : The Saturday Weekend Review #148

IF IT’S NOT NAILED DOWN YOU’LL LOSE IT   Just when you thought your home was safe because you installed a home security system now you have to worry about theft outside your home, including Christmas decorations. We’re told to lock our doors before we retire for the evening and to never leave valuables in our vehicles. These days homeowners are faced with not leaving anything worth value outside the home because their house might be the next target for thieves. Don’t think that something won’t be stolen because it’s too heavy or just not realistic. There’s always a plan if someone wants something bad enough. The world is filled with people whose only goals in life are to come up with ideas on how to commit crimes to earn money. Many are good at it too because they never get caught but one day they might. Maybe that’s all part of the risk or the thrill for them. Just last week our neighbour put out his Christmas decorations as most of our neighbours had. He typically has Christmas lights around the house and this year he put out some ornaments that he picked up during the end-of-season sale last […]

December 2013 Net Worth Update (+1.01%): Yearly outcome on target

NOTHING IS FOR CERTAIN NOT EVEN FINANCES   We weren’t too sure if we were going to be on target to reach our yearly 2013 net worth goals but after running the numbers we were pleasantly surprised that we made it through as planned.   Should you celebrate success if the money is not in the bank? What I mean by that it is should you celebrate when you are merely seeing numbers on paper or on your computer screen not cash in the bank? After all it could change depending on how you have your money invested and/or what it is invested in. Have you met your targets? Sure, go ahead and celebrate you’ve reached a milestone and there is no reason why you shouldn’t be proud of the accomplishments you’ve made over the course of the year. Nothing is for certain but what you do know is that you’ve worked hard to make sure your numbers are on target and continue to meet or exceed the goals you set forth at the beginning of the year. It’s not an easy road to walk but with optimism and perseverance anything is possible. I think when we understand that our […]

The Saturday Weekend Review #20-The Young Cookie Selling Entrepreneur

No Cookie Monster hiding in this post.. just cookie selling and one interesting day. Since it’s the Victoria Day long weekend we decided to get up early and battle the garage sales. I spent 10 minutes last night jotting down the info in our garage sale route list so we knew exactly where we are going. Half of the battle is getting to the garage sales the other half is finding something you need for a great price. As we made our path from sale to sale and picked up a few items that we could certainly put to good use we stumbled upon some other experiences along the way. The first garage sale we stopped at was raising money for cancer research. Each year a garage sale  is organized with a few neighbours who bring all their unwanted luxuries to to sell. We found most of the garage sale items reasonably priced and for good reason, overpriced items end up back in the house. They also had some amazing baked goods up for offer such as monster cookies and brownies. Selling cookies for Cancer research seemed like a great way to help spread awareness in hopes one day they can […]

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