Single Millionaire Paid The Price To Get Where He Is Today

WE ALL HAVE A STORY   People may criticize the way you live your life but they might not know the price you paid to get where you are today. Stories often go untold because people are shy to say what they had to endure to become the person they are. I don’t talk about my life growing up with my friends but if they want to talk to me about theirs I’m happy to listen. It’s quite amazing what you learn about people once they open up about their upbringing and past.   The price you pay   You might have heard or read about those rags to riches stories which for some people hit home because they too were faced with situations that were unique but they overcame them. You don’t have to be a superstar to be deemed successful today all you need to do is believe in yourself. Those that don’t put in the effort to achieve their goals are often the people who put down those who pushed the limits to achieve their own. Believing that everyone with cash has or had the easy life is absurd. Just like others some of these rich people […]

Parents ask son to save money after they were homeless and poor

SAVING MONEY IS YOUR CHOICE   If you want to save money then don’t wait until things come crashing down and you need that money, do it now! Being homeless and poor is not something to take lightly because it happens all around us. For those who have survived and experienced this life many go on to motivate others how NOT to land themselves on the streets. Today’s fan question shares some deep secrets about the time his parents found themselves living on the streets with no savings and nowhere to go. It’s either the parents writing to me or their children because for one reason or another money is a big problem. It doesn’t matter whether you are a student or have a high-profile job if you don’t know where your money is going it’s your own fault when you don’t have anything at the end to show for it all. I’m not talking “stuff” either. I’m talking about cash and investments. If you earn money you should have some sort of system to save money and budget or in the least know your expenses and track them.   Life Choices   It seems from my experience with fan […]

What or who do you rely on to earn an income?

YOU ARE YOUR INCOME SOURCE   We all need to earn an income to survive in this crazy world. Many people jump in their vehicle or rely on other community services in the morning to go to work. Typical day… maybe. What would happen if there was no more bus service or our vehicle stopped running? I never gave much thought about who or what I rely on to earn an income until this past week. I think plenty of people worry more about whether they will keep their job over how they will get to their job and other so-called slight factors that would cause an impeding problem to their income. To call them slight would be a huge mistake. Many of us live life similar to everyone else who gets up in the morning, eats breakfast, showers, sorts the family out and is off to work. Of course depending on your work schedule that might not be the way it rolls in your household but you know what I mean. I remember posting that when my wife and I bought a house we bought it on one income so we had almost a free income to work with […]

grocery game monthly challenge

Do you only buy groceries on sale? : The Grocery game challenge #2 June 9-15, 2014

WHAT’S IN YOUR BASKET?   Buying groceries on sale is a great way to save money in the budget but being selective about what you buy is also important. Not everyone has the same lifestyle so they will purchase different types of food for their diet. What we typically do is go through the grocery flyers to see what products are on sale and base our meal plan around those items. Those items are typically basic essential items and we also like to make sure our pantry is stocked to build a complete meal. If we can make our own homemade pasta sauce, soup and salads we will opt to do that over buying it pre-made. These are simple recipes that don’t take much time and are from what I calculated cheaper to make even when pre-made is on sale. I remember years ago we used to stock up on items with coupons such as those Stouffer’s pizza pocket thingys because they were cheap but looking back, what a waste of money. It didn’t matter that we only spent $0.50 on them I could have made them for less and they would have tasted better.  In a way we got […]

Should a landlord and tenant have basic rental responsibilities? PF Weekly Grab a brew #61

RENTING IS A TOUGH BUSINESS   Being a landlord has its ups and downs depending on the space you own and the tenants you rent to. The same could be said for a tenant and the landlord who rents them a place to live. As a landlord you have lots of responsibilities and one of them is listening to what your tenants have to say as long as the requests are reasonable. I don’t know if the Landlord Tenant Act is the same all around Canada but what I do know is there should be some standardization when it comes to maintaining a property. You don’t have to jump at every single complaint but you must or at least should adhere to complaints that are of important nature. It also takes time to get the right people in to get the job done so having reasonable expectations as a tenant is also important. Wanting the paint color changed in your kitchen is not an emergency as a tenant but if your toilet is not working that is a different story.   Money in my pocket   Sure, renting is a lucrative business and if you can score a rental building, […]

Reader question: Budgeting tips for low-income families

Budgets Do Not Discriminate This low-income budget question that was sent in by a reader caught my attention as it’s not the first time I’ve been asked for tips on such an important topic for Canadians. Many people are in the same position as this reader so I hope I can shed a bit of light on the topic of budgeting and low-income families for those that are reading today. This is one of those touchy topics so please bear with me as I realize many people are struggling through tough times. Debt is debt, money is money, a budget is a budget. I know all of you have unique situations just like we do. I don’t claim to be a budget hero, just a guy who wants to listen and share what we do with our budget. Nothing is easy, we fail, we get right back up again. Dear Mr. CBB, I’ve read your blog for a while now as I was searching for some family budget information and a sample family budget so I can start to budget for our family. We come from a low-income Canadian family which we feel is at the poverty level in Ontario. […]

The Saturday Weekend Review #31: Homeless and living on $8.00 a day

A Few Dollars Can Go Further Than You Ever Imagined I don’t believe many people think about life as a homeless person, who would unless you were forced to. I honestly can’t imagine what life is like for homeless people but what I do know is many are skilled and many just want someone to give them a chance. There are times when people give up on themselves because others give up on them. Although we should fight for what we want sometimes the war is won and it’s hard to get back what you’ve lost without a miracle or perseverance of sorts. Homelessness is potentially caused for many reasons, one being lack of employment and somewhere to live. I was touched by kindness this morning when I watched a video on You Tube where a couple of guys who prank people and share it on their channel called Vitalyzd TV gave a homeless man a full makeover.  This was no prank though, it was real and it was uplifting for many people to watch, over 3 million so far on You Tube. To be honest I wasn’t going to watch it but something compelled me to just check it out. […]

The Welfare Food Challenge:First 2 Days Of My Menu

As you know I’m dedicating this week at Canadian Budget Binder to The Welfare Food Challenge. This week I will be Blogging about the steps I had to take to purchase food for a week on a budget of $26 dollars for one person. When Raise The Rates launched this challenge I thought this was a great opportunity to understand a bit of what those on social assistance have to go through when it comes to nutrition and the budget. This challenge is to experience what it’s like to live on a grocery budget of $26 a week that of an able-bodied person who receives welfare. This challenge has motivated over 100 people to come forward wanting to participate and has gained wide media coverage. Social Assistance in BC also known as Welfare allows approved recipients $610 a month to live on. Although I don’t live in BC what I do know is that many people right here in Ontario are in need of temporary assistance and apply for Ontario Works each year. A similar challenge called the “Do the Math“ challenge  took place in Ontario back in 2010. I know a couple of my fans on Facebook page were asking […]

%d bloggers like this: