WHEN THE CURTAINS CLOSE WHO WILL BE THERE TO SAVE YOU?
I’ve learned that there is no in-between for people when it comes to financial success and what one would consider money failure. Many people either consider themselves rich or poor and that’s what they base financial success on rather than being comfortable in the middle.
I’m not going to get into a spiel (shocking I know) about how to save money or get out of debt because I’m sure by now you should know how-stop spending money. Instead I want to focus on financial peace and what it means to you.
Have you ever thought about what would bring you financial peace in your life instead of stress? If yes, how are you working towards attaining financial peace? If no, stop trying to figure it all out or pretending you’re someone you’re not for the sake of playing the lead role in a movie about your life that doesn’t exist.
Related: How to say No, I’m on a budget.
Unanswered questions most often become swept behind and forgotten until it’s too late. Why is it so hard for someone to say, ‘I’m broke‘ or “I just don’t have the money‘ instead of pretending to live a rich life? The reason is because we’ve been conditioned to believe that unless we are successful then we either run with the rich life or cozy up to the poor life. I don’t even know what the difference between the two is besides having a fat bank account.
Shows Over…now what?
Why can’t we all just be ourselves without having money interfere with our lives, friendships, relationships?
I was buddies with a guy who felt strongly about portraying a life of luxury because he believed that pretending to be rich would bring him all the luxuries he would ever need, including women. I wasn’t best friends with him but I knew that he was into fast cars, women and if you didn’t golf you certainly weren’t of the elite association that he wanted in his circle of friends.
Believe me he didn’t just sound like a jerk living the rich life he role-played it to the point that I had to back out of his corner. Why the hell would I want to act rich when I wasn’t? Why would he? I had debt a mortgage and have no wish to ever play golf.
He put more effort into worrying about what everyone else believed about him then he did believing in himself. In the end of his acting career he found out the dangers of creating a life that didn’t exist when he almost lost everything he didn’t own.
Just because he had all the things that would make any man drool with envy didn’t mean he had the money to support it. Credit owned him and his stuff and his bank account was just as empty. There was no round of applause and none of his so-called, ‘rich friends’ were there with open wallets. He was too proud to let anyone know that he wasn’t who he said he was, but I knew that debt followed him around like a bad smell.
Thankfully he turned his life around before it was too late, he apologized to me and we hang out a bit more these days. Sometimes the hard lesson is all it takes to understand where you no longer want to be.
Rich life vs. Poor life
Rich, poor blah, blah, blah who cares right? There is no rich and there is no poor there is accepting what is, controlling what isn’t and striving towards personal financial peace. There are many dangers that you face when you pretend to be someone you are not.
Never risk everything you have worked for to pay for stuff you can’t afford just to make yourself feel good and to expose a lifestyle you want others to believe you’re leading. It’s never worth the hassle in the end and there will be one. Bankruptcy is not something to play around with just to have a bit of fun.
- Just because you drive a fancy car doesn’t mean you are living the rich life.
- Just because you have a big house doesn’t mean you are living the rich life.
- Just because you go on vacation every year doesn’t mean you are living the rich life.
- Just because you have the latest gadgets doesn’t mean you are living the rich life.
- Just because you have the best home decor doesn’t mean you are living the rich life.
- Just because you shop at high-end boutiques and online stores doesn’t mean you are living the rich life.
- Just because you wear expensive jewellery doesn’t mean you are living the rich life.
On the other hand….
- Just because you live in a small house doesn’t mean you are living the poor life.
- Just because you don’t drive a new vehicle doesn’t mean you are living the poor life.
- Just because you don’t go out to dinner at fancy restaurants doesn’t mean you are living the poor life.
- Just because you don’t have friends with big houses, fancy cars doesn’t mean you are living the poor life.
- Just because you go on road trips instead of travelling in style doesn’t mean you are living the poor life.
- Just because you have a job and not a career doesn’t mean you are living the poor life.
Money should not be the main focus of existence but when we create a life of debt it becomes a fixture unless we replace it or get rid of it.
Mrs. CBB and I have been back and forth on the subject of possibly selling our home in the future. Right now we are enjoying our financial peace and aren’t sure if we want to change that. With a bigger house comes a potential mortgage and more bills unless we move to a smaller city. Living in the Greater Toronto Area comes with all the bells and whistles including getting less for more in the real estate market.
My sister-in-law has a relatively large house and is hoping to sell and looking to buy in the million dollar range. Sounds like peanuts if you live in the Toronto area but they don’t. They live in a smaller city where a million dollars will buy you a comfy gated estate surrounded with all the luxuries of living the rich life.
Every so often she sends us photos of houses they are going to look at and Mrs. CBB and I look at each other and wonder why on earth she would want such a massive home. She lives a frosted lifestyle because she can afford it and honestly at times it’s hard to keep up with her because we’re not like that. We just don’t always feel like we fit in but we are confident with our financial success and know that we can’t compare ourselves to the way others live.
Understandably I’m sure this happens to many people who aren’t on the same financial level as friends, family and colleagues which is why it’s easier to pretend. It’s not the way to get rich though I can assure you. She is generous with her money and owes her success to believing in herself, her skills and continuous learning. If anything she inspires us to give more and improve our outlook on life.
Becoming debt free at one point was enough financial peace for us but we realized that there was more to that peace then just debt freedom. Managing debt is only the beginning of understanding financial success especially if you’re stuck role-playing the rich life you can’t afford.
Discussion Question: What brings you Financial Peace in Your life?
Behind closed doors
This week included lots of fun and an abundance of snot!
I had a couple of days off to spend with my family this week so we played together. Life is always better when I get to hang out with my family at the park, kiddie gym or the library. Although the park was a bit soggy after the winter melt we still bundled up and took the wagon with a happy boy in tow for walk to inspect the playground. After about an hour of fun we left because the wind was getting too cold for our liking.
We also trolled the mall this week which was nice for a change since our little guy likes to be the centre of attention wherever he goes. I remember when we used to walk our dog and all the attention he would get because he was a beautiful dog with long curly hair. There was never a shortage of conversation and opportunity to meet new people. The same thing seems to happen with our little Romeo who draws a crowd wherever we go.
After lots of playing, coffee, milk and chocolate chip muffins our little guy got sick AGAIN. He’s been battling a cough for a couple of weeks now and his nose… oh the mucus. Thankfully he seems to be getting better and the smiles are returning.
Other than that we did a bit of cleaning around the house and catching up on laundry. Family fun is always my best remedy for stress relief… and chocolate.
Until next week,
CBB Published Posts
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Top Post This Week: How Much Should My Grocery Budget Be?
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Personal Finance Bloggers and Fans: I’m currently recruiting for guest posts on the blog while we go away on holidays. This is your opportunity to get published on CBB. If you have a topic idea and are interested please contact me via email. email@example.com let’s talk.
Making a difference (MAD) 2017
Welcome to the 2017 Making A Difference series! Join the networking movement of Personal Finance Bloggers around the world. If you are a personal finance blogger and would like your blog to be featured simply drop me an email.
I’m currently booking March/April 2017-Limited spots.
Hey there Mr. CBB and Friends,
My name is ESI and I write at ESI Money , a blog about achieving financial independence through earning, saving, and investing (ESI).
I’ve had success in growing a large net worth (retired at 52) and write to share what I’ve learned. I focus on the few steps that are vital to financial independence and what I did that worked, helping others avoid unnecessary steps. In other words, my readers learn from my successes and failures.
I’ve been married 25 years and have two kids (son, 20; daughter 18). We live in Colorado (and LOVE it!).
I grew up rather poor in a small, Midwestern town. I worked my way through college and then grad school (MBA). I then spent 28 years working in marketing for large and small companies in a variety of industries.
Along the way I grew in knowledge of how to manage money. My first education started when my wife and I began counseling others on their finances (mostly budgeting) at our church. Prior to that we had to take several weeks of training which laid a great foundation for understanding money. As we continued to counsel others and I saw a variety of financial situations, my knowledge skyrocketed.
About the same time I read The Millionaire Next Door and started applying the concepts there. It was the most influential money book of my life.
Soon afterwards I began writing about money for national magazines (as a side hustle to pay off our mortgage early). The more I wrote, the more I learned and applied. And after 20+ years of reading, studying, and writing about money, I filtered all the tips and topics down to just three that it takes to become wealthy: earning, saving, and investing. And that’s what I write about.
I just published a free e-book on reaching financial independence that gives all the details. If you are interested, please stop by and grab a copy.
Thanks for having me here today. All my best to you!
Weekly fan brag
If you have a brag that you want to share email me at firstname.lastname@example.org with a photo and small write-up of your deal. It can be anything you saved money on that you are excited about.
A featured story gets you two ballots in the yearly draw for a PC Financial Gift Card and at least one ballot for emailing me your entry. Either way, you get a ballot in the draw.
Hi Mr.CBB and Fans,
I’ve got a little deal to share with all of you that I’m excited about. I’ve been looking for a new mat to have on the floor in front of the stove for months! Trying to find something I like and like enough to pay the asking price has frustrated me but I didn’t give up looking.
Finally I was fortunate enough to find these two nice pink mats at our local Salvation Army a thrift store, for $3.00 each. So I now have one in front of the stove and the second one is in the laundry area to stand on while working on laundry. They are a prettier pink than the photo shows, washable, inspected and approved by the feline members of the family!! Miss Molly is very happy to have a new mat to lay on in the kitchen!!
CBB Finance Tip
If you want financial peace in your life believe in yourself and keep your head up high.
Top finance post
This week I ventured over to the blog, Jason Connell to read this amazing post about generosity and becoming a giver. I think it fit well with my blog post today about financial peace and being free to be who you are instead of someone you are not.
You know, the real trick to business is being generous. Give as much as you can. The more good you do for the world, the better your life will go.
“Try to give the exact thing that you’re looking for. If you want to become successful, figure out how to help other people succeed. If you want happiness, spread happiness. That’s how it works.
“But there’s a catch: you actually have to care. You have to be generous for the sake of being generous, not for the sake of trying to gain something. If you can do that, everything will go better than you can imagine. I don’t know why or how this works; I just know it does. It’s really that easy.”
If you’re reluctant to ask for something when you need it, you’re depriving people – often those you care about – of the joy that comes from helping others.
Enjoying the process of giving instead of viewing as making a sacrifice as pointed out in this blog post reminds us to take care of ourselves but to also look out for others. You may not have money to give or the ability to pay for drinks or dinner out but you may be that person with a good ear or advice to pass along to someone in need.
Frugal recipe hot spot
Food is a big part of any budget and a struggle for so many people which is why I’ve created frugal recipes for my family and yours for many years.
I have a second Facebook page called The Free Recipe Depot where I exclusively share recipes from Food Bloggers around the world. Check out the Free Recipe Index on CBB compiled of frugal recipes that are 100% tested and accepted by family and friends!
This week I was over at the food blog, Mom Foodie where Robin shares this fantastic gluten-free recipe for Easter Popcorn. This is perfect if you want to add colour to your Easter table or party or to snack on yourself. It’s like an Easter party mix with chocolate eggies mixed in.
Do It Yourself
I found this cool pyramid slot garden on Pinterest from a website called myproplants.com but when I went to the website I couldn’t find it. On that note I still wanted to share this photo in hopes of inspiring others who are handy and might want to try something new this Spring in the garden. I’d love to create this for our herb garden although I’m sure our son would use it as a digging ground. It’s also great for people with small back gardens like ours who just don’t have the space to dig down.
Search term giggles
Always begin and end your day with a SMILE!- Mr.CBB
Every week I get tens of thousands of people visit Canadian Budget Binder because they did a search online and found my blog.
Most times funny, Sometimes serious.
- Can we make income in Canada?
- How to talk to an MPAC representative– If you have nothing to hide then just be yourself.
- Suze Orman Canadian version– Thanks I’m honoured but that’s NOT going to me.
- Free money porn photo– A naked person laying in a pile of money or a pile of money- take your pick.
- How to feed when no money– This hurts my heart to read. No one should go hungry.
- Canadians can’t get ahead– Neither can the rest of the world. We’re just joining in!
That’s all the fun for this week, thanks for dropping by and we’ll see you all again next Saturday.
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Hey… if you see any mistakes let me know. I’m not an editor just a guy who likes to write and yes I make mistakes.
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