6 Simple Ideas To Generate Cash Money When You’re Broke

THERE’S ALWAYS A WAY TO EARN CASH MONEY PROVIDED YOU’RE READY FOR A CHALLENGE   There are some ways to make cash money when you’re broke but don’t expect to be rolling in the cash without some hard work. With Spring around the corner there will be more opportunities to make cash money rather than shovelling snow and praying you win TV Bingo. Wishing on a star is the worst way to earn cash money because you’re risking losing money you already don’t have to spend.   Cashing out the Cash Money   The first thing someone does when they are broke is find every possible source of cash money then could have. A friend of ours who was strapped for cash went as far cash in her RRSP’s so she could pay off debt. I don’t recommend going this route if you don’t have to however depending on a few factors such as age such as this might be an option. If you are under 30 you’ll have a far better chance of getting back into the investing game with many years to accumulate as opposed to being close to retirement age. Staring at your bank account on the […]

What would you do with extra income?

MONEY IS NOT ALWAYS EASY TO SPEND   Having extra income isn’t something most people complain about having, quite the opposite. When you do have extra income even if all of your debts are paid you want to do something with the money but it’s not always a cut and dry decision. As you might already know we are now mortgage and debt free as of last month. I had a fan email me to ask me what we plan to do with the extra income that we will now have since all we have are home maintenance and bills to pay. I half expected someone to ask me that especially once I continue to post our budget and net worth updates with our savings account growing. Fan questions always tend to force me to think a bit more about topics I tend to put on the back burner although this is a topic which my wife and I really need to talk more about.   Extra income   Since the fan sent me the question I asked my wife to sit down with me and make a list of all the things she would like to do with the […]

Making extra cash with a part-time job: May 2014 Net worth update (+1.15%)

LIFE CHOICES AREN’T ALWAYS SIMPLE   It’s been one of those months for me where I’ve worked non-stop and although I’m making extra cash it’s been a month of exploring options. The good thing about our net worth update this month is that we no longer have a mortgage which is a great feeling on its own. We are also faced with something that we’ve dreamed about for many years and that’s the freedom to do what we want with the extra cash that we have. My parents purchased homes with extra money they had and now those homes are fully paid and rented so a nice portion of the rental income funds their retirement and maintaining the homes. It’s nice to see that my parents are secure financially in their retirement years and are able to travel throughout the year to destinations we could only dream of. They earn more money retired than they did working, go figure that out although they still work part-time together while they are not vacationing although they don’t consider house-sitting as work. I guess it gives them something to do which is great for them. I’m not sure if we’ll be following in […]