Is Your Mindset Affecting How You Approach Life?

THE BIGGEST FIGHT OF YOUR LIFE IS TO BE UNDERSTOOD   An important part of a mindset is to make sure that it’s not set in stone. We change, people change and life changes. It’s never good to stick your foot in the mud and live by everything you learned growing up. Your personality and beliefs don’t need to be that of your parents. This is part of becoming an adult although some people struggle to find their purpose. As we age we need to set our own foundation whether we come from money or not. Related: How A Life Changing Illness Shaped Our Financial Future If your father was a miserable man who only complained about what he didn’t have and everyone else had but did nothing about doesn’t mean you need to do the same. It’s safe to say that we learn from what we see and do and are taught from our parents. Not everyone wants to pursue those lessons as they get older but many stay in the same slump without action. I don’t understand. No one understands me. I just want you someone to listen. Most often people won’t understand why you do what 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 […]

How To Build Your Wealth Without Earning Big Bucks : April Net Worth Update (+1.96%)

YOU MUST BE EARNING BIG BUCKS IF YOU’RE DEBT FREE- Not exactly.   The misconception that you must be rich and earning big bucks if you’re debt free is SO WRONG. The first thought that comes to mind when a young person says they are debt free without a mortgage is that they must have inherited money from someone. Typically the parents are the first target of interest, but does that really matter? Not really. It helps but it’s not often parents have the spare cash to dish out but for those that get that kick-start if they aren’t money-wise they could lose it all. Buying a house depending on where you live in Canada is becoming out of reach for many people especially millennials looking to get into the real estate market. A recent house sale on our street went for nearly $700,000 at just under 1400sq feet. Have a look at how much we value our house at in our net worth chart below and you’ll see what I mean. Manulife Bank issued survey results on Tuesday that suggest 45 per cent of millennial home buyers received a gift of money or a loan from family. That compares […]

Rich People Don’t Care About Your Life When You’re Poor : The Saturday Weekend Review #194

THE THINGS YOU LEARN FROM PEOPLE YOU DON’T WANT TO LEARN FROM CAN BE DRAINING.   When you’re successful and rich everyone else around you is either rich, richer or poor. There is no in-between because life-style change if adopted can skew the mind even if rich people were once poor themselves. It’s easy to get caught up in the luxury of financial security and for some rich people their life revolves around becoming even richer. They didn’t get where they are without hard work unless of course the money was inherited. This is where the term the “Rich run with the Rich” comes from because what are poor people going to teach rich people who they don’t already know, right? Wrong. As I sit here typing this with a spoon deep in a jar of peanut butter I can’t help but remember what a gentleman said to me at the park on Thanksgiving Day,”Rich people don’t care about your life when you’re poor.” I couldn’t get the conversation I had with him out of my mind. I was out with the family on a lovely Autumn day on my day off  and we decided to bring our son to […]

7 Reasons People Think You’re Flat Broke When You’re Not : The Saturday Weekend Review #190

DON’T GO FLAT BROKE TRYING TO LOOK RICH WHEN YOU’RE NOT.   You’re not looking for sympathy or hand-outs when people think you’re flat broke when you’re not. It’s their perception and not your influence that guides their belief and how they choose to act around you in regards to financial status. This isn’t a bad thing if you don’t want people to know about your oversized bank account and investment portfolio. One thing we don’t typically do is talk about our finances with family, friends, employer, co-workers or strangers. They don’t need to know how much money we earn, where we’re spending it and how much we’ve managed to accumulate in the bank. Have you ever heard of people who become rich because someone in the family passes away and leaves them part of a fortune in their Will which no one knew about? It happens because not everyone shares their success with the world and not everyone values money the same either. Then there are hopeful people who think they are going to become rich because Grandma Suzie was loaded only to find out she was skint and left them a family heirloom instead of money.   Money […]

Money Is A Resource Not To Be Confused With A Power Tool : The Saturday Weekend Review #164

THE WEALTH OF PERSPECTIVE TELLS US THAT NOTHING IS AS IT SEEMS   If you love money and I mean REALLY love money don’t ever let it push you over the edge to submerge those you love with a life of unhealthy behaviours which includes embarrassing yourself. My wife and I hardly consider ourselves rich BUT some people may because we no longer have a mortgage, we are young and I earn an good income and love my career. We never use our blessings in a manner which demonstrates rudeness towards others rather we contribute to society in a giving way. Related: How we became mortgage free in 5 years This blog is an example of how we want to motivate others to become debt free while building our own relationship together. The budget never stopped for us when the debt was gone. Throughout the years we’ve used money to help us understand how it affects our relationship and how to continue growing as a couple. Money is one of the main reasons people divorce these days and we don’t want to become a statistic so we work on US. Money is just, well money. Related: Rebuilding Life and Finances […]

grocery game monthly challenge

How To Enjoy Gourmet Food On A Tight Budget – The Grocery Game Challenge 2016 #1 Mar 7-13

EATING GOURMET FOOD CAN FIT INTO ANY GROCERY BUDGET WITH A FEW KEY PANTRY INGREDIENTS TO SPRUCE UP A MEAL   Long before the big box grocery store there were and still are gourmet food stores, specialty stores, farmers stands and markets across Canada that supply some of the freshest food to our country. Locally produced foods in Canada are often thought to be out of reach for those who think they can’t afford to eat gourmet food at it’s finest. Not only that but unless you submerge yourself into the foodie scene you don’t often hear about places you can buy gourmet food, organic or farm grown products. Educate yourself with what is available in your local area and go see for yourself. I’m here to say, yes you can include gourmet foods in your diet if you plan your meals accordingly. I’m almost positive that if I conducted a survey and asked what the word gourmet meant I’d be told: Higher Price Tag Rich tasting Unheard of brands Imported products The word gourmet has long since been associated with being posh and possibly ingredients that only chefs or hard-core foodies would use in the kitchen. Gourmet is like […]

Should the wealthier sibling have a financial obligation to help the parents? : The Saturday Weekend Review #143

EMOTIONAL BULLYING CAN LEAVE SCARS   Dealing with financial obligation is a big deal for just about everyone because without money it’s hard to pay for all those things you have budgeted. When you have kids you have a financial obligation to care for them and make sure they are kept safe. Nowhere do I ever remember reading that we have a financial obligation to care for our siblings and parents “wants” just because we earn more money than they do. I received an email from a fan who is clearly upset about the way his brother is treating him and hopes that maybe we can all shed some light on the definition of financial obligation surrounding family and who should pay for what or if anything at all.   Family financial obligation dilemma   Hi Mr.CBB, I’m hoping you can clear up an argument my brother and I are having about our parents. Our parents are not wealthy and when they retire they will have some retirement savings and their house to sell so they can downsize so they can afford to live. The problem is they always need something done around the house whether it’s the roof or […]

%d bloggers like this: