5 Key Benefits of Debt Reduction To Help Motivate You : January 2017 Net Worth Update (+0.28%)

  FINDING WAYS TO BE HAPPY IS NOT ALWAYS AN EASY TASK ESPECIALLY WHEN YOU ARE IN THE DUMPS ABOUT YOUR MONEY SITUATION.   Building wealth from nothing is the path many of us will take but along the mystical route of debt reduction and increasing net worth motivation is a crucial tool for success. The only way to start building wealth is to explore debt reduction strategies for ways that will help with debt problems that may be causing you stress. I understand why someone might classify having debt under the good debt category and the bad debt category however managing debt means your debt to income ratio is all that matters. Related: Order your Canadian Credit Report Free If you are serious about getting help with debt don’t start making excuses as to why your personal debt is more important than the debt you incurred by getting an education. Debt is Debt and if you change your financial mindset to that of a successful business owner you’ll soon see how critical debt reduction is for all of your liabilities. I remember a time where I got to the point that I had no intentions of creating more debt […]

Become Debt Free By Asking The Mirror These 3 Questions : The Saturday Weekend Review #192

FIRST YOU NEED TO STOP GOING INTO DEBT BEFORE YOU CAN GET OUT OF IT.   Now is the best time to become debt free and unleash yourself from the daily stress that accompanies owing money for stuff you’ve bought or already enjoyed. Debt is a dark place because you always feel attached to someone who can make or break you financially. Some people feel vulnerable because of money and having to take out loans or putting purchases on credit and they should be. We all are susceptible to the dark alley that accompanies debt if it’s not paid back to whom it may concern. As fast as it’s given everything we own can be taken away. That’s terrifying. Focusing on ways to work harder for ourselves so we don’t have to rely on credit or creating unnecessary debt is possible but without your support you’ll never succeed. Having a student loan or a mortgage is just as important as consumer debt however these are debts that most people have. We take these debts on in hopes of getting ahead financially with a solid career and having equity in real estate. If you want to become debt free and wipe […]

5 Simple Money Rules We Live By To Stay Debt Free

Working Hard To Pay Off Debt May Be Challenging But Staying Debt Free Is Smart Money Management.   If you start by reading this post believing that you will never become debt free not only will succeed but you’ll also carry the burden of debt with you wherever you go. Creating Money Rules are not just for people who are debt free but they are for everyone. It’s important to stop being so negative and start believing that you can pay off debt, save money and become financially free. How else do you think people slay the debt dragon? That’s right they do it by themselves. An email from a reader prompted Mrs. CBB and I to reflect on our life of debt freedom that we achieved just over 2 years ago when we burned our mortgage papers in the back garden. It was a party of two adults carrying on like kids while grilling steak, drinking beer and listening to music. Our lives were about to change but there were no maids, drivers, mansions, private jets, gold credit cards and unlimited sources of income on the agenda. What we were left with was a clean money slate waiting for […]