Don’t Make Money Problems Your Daily Obsession : Our Net Worth Update November 2017 (+0.27%)

Don't make money problems your daily obsession



Are you that person who constantly thinks about your money problems? Do you have a friend who can’t stop talking about their money problems? I’ve been in both situations over the course of my life and I’ll tell you from experience that it’s not a fun place to be.

Everyone has had money problems at one point or another unless they were born with a silver spoon in their mouth. Many of the rich and famous grew up in families with money problems yet went on to become multi-million dollar actors, actresses and musicians.

15 Rich Celebs Who Grew Up Poor

  1. Leighton Meester
  2. Jewel
  3. Hilary Swank
  4. Sarah Jessica Parker
  5. Jim Carrey
  6. Demi Moore
  7. Eminem
  8. Leonardo DiCaprio
  9. Tom Cruise
  10. Stephen King
  11. Mariah Carey
  12. Jay-Z
  13. Sean Combs
  14. Celine Dione
  15. Oprah Winfrey  Estimated Net Worth 2.9 Billion

Money problems can happen to anyone but constantly worrying about what you must fix instead of living your dreams will harm your financial future. Most people when they get down in the dumps about their money problems they want to do nothing and look to support from anyone that will listen.

Some people are super private about their money problems but today we have technology so it’s easy to let the world know or a close circle of friends and family directly or indirectly via status updates and posted memes.

Having someone to listen to you about your money problems certainly is a great way to vent and let some of the stress out but at some point you have to move beyond that. Forget about the money problems in a round about way by putting your energy into doing something that you love and the money will come.

Success does NOT happen over night unless of course you win the lottery but even then it’s an overwhelming task of stepping out into the public and having to deal with money problems that may or may not have been present.

It’s all a show and you get to be the director of your movie.


 Understanding money obsession


When I was in University I had money problems just like almost every other student did and still does today. We needed money, I needed money and the only way to get it was to work and study at the same time. For a while money became my obsession because I wanted to be debt free, I wanted to own a home, I wanted to be successful. I never put a price tag on my success but I put an awful amount of time into worrying about whether money problems would follow me forever.

It doesn’t have to be that way.

Related: How we paid off our mortgage in 5 years

In my teens a friend of mine who lived with his mum in council housing and didn’t have many friends obsessed about their money problems All. The. Time. Whether we were down at the sea surfing, hanging out at the mall or even library to study all we ever talked about was his money problems.

I remember on many occasions offering him cash so he could get some food or pay a bill even if it left me a bit short. I worked for my parents at their business and in a kitchen as a dishwasher so I could watch my dream unfold.

All I wanted to tell him was to stop complaining about your money problems and do something about it. My manager at the restaurant offered him a part-time job and he declined because it wasn’t enough money. Fair enough BUT that’s where his choo-choo train ended.

His obsession became so bad that when depressed he didn’t want to do anything. This wasn’t helping him. When I was about to leave the UK to move to Canada we touched base with each other and he said good luck to me. I said no I won’t need luck because I’m not going to let anything get in my way.

Before I turned to leave I shook his hand and said thanks for inspiring me to look beyond my money problems. Surely he had no idea what I was talking about but what I knew was that I never wanted to be like him. I wanted to be like me and I wanted me to be successful because I gave it my all whether I made minimum wage or was jobless living in Canada. I learned early on that you don’t need lots of money to live a no frills life.

Wishing, hoping and believing in luck is nice but it rarely happens. How often have you won the lottery? How often have you gotten everything your heart desires? Probably not as often as you’d like BUT if you stop putting so much weight on what might be and just get the hell out there and make it happen you’ll see a significant increase in your motivation, networking and communication skills.

You’ll meet people who are just like you and who want to collaborate and build networks. No matter what you choose to do with your life don’t let your money problems dictate the person you are inside and the outcome before it has even happened.


Turn your money problems into a yellow brick road


If any of those actors and musicians gave up the minute they had money problems or someone told them they weren’t good at the art they were bringing to the table we wouldn’t have them here today to entertain us. Many people rise from the pit to the top of the mountain by determination. Failure is NOT an option.

Don’t let anyone tell you that you can’t do something if it’s your dream. I was fortunate to fall in love with a Canadian and move to this wonderful country leaving my life in the UK behind. I had a decent job, friends, family and a  home that wasn’t far off being paid and under the age of 30. I new that potential money problems would arise moving to Canada if I was unable to make something of myself.

There was a time where I was broke because I didn’t have all of my money in Canada and was living from my wife’s income. I had to go back to school and start over because I wouldn’t accept having a minimum wage job because I was a dreamer who wanted success. Sure, I had money from the sale of my house but that wasn’t going to last us forever. Yes, I did work for just above minimum wage during my time in school because I had to but I didn’t want to. I wanted more.

Everyone has money problems whether they have money or not. It may not be now but it will come if we don’t secure the proper financial mindset. You don’t have to be a millionaire to be happy. All you need to do is be happy with what you are doing in life because you only get one shot at it.


Ride the train or keep dreaming


Money problems will either stop you dead in your tracks or help you ride the train. If it were me I’d do it all over again. Yesterday while driving home from the shop Mrs. CBB asked me if I ever believed I’d have the career I have now back 11 years ago. The answer was no BUT I knew that I was going to give it my all and see where it took me.

I went through many interviews and was not chosen for the role I am currently in. Although I was a bit upset that I didn’t make it I never let that get me down. Today I’m proud to say I’ve achieved my goals as a Brit living in Canada and that if you dream big make sure you stop dreaming at some point and make it happen.

Dreaming is nice but living it is even better. Let your money problems become your happiness as long as you’re happy with the place you are in.  I was an adult student who was 30 years old going back to learn something new and also one of the oldest in my classes.

Don’t let numbers stop you from your success, I didn’t. Anything is possible at any age.

Discussion: Have you ever let your money problems take over every second of your day? What did you finally do to help the situation? Did you cut down on expenses? Sell your car? Go back to school? Open a successful business? Land the job of your dreams? Write a book? Start a rock band? Become an actor/actress?

Share your comments below and I’ll respond to them.


Our Net Worth November 2017


November 2017 Net Worth Losses and Gains- money problems

Where all the money went:

Out the window! We had a busy month with lots of renovation projects for our home and the in-laws home which we paid for. It was not something we questioned either, we just did it. There will always be more money to be made. Not every month will be a good month financially and you may not reach your goals and that’s fine. As long as you don’t give up on where you want to be and you love what you do the rest will come.

On a good note we had a visit from our realtor who said homes in our area are selling for well over $600,000 which means if we did want to downsize or move to a cheaper town we may make a bit of money. If we stay where we are it’s just a number on a chart and we’re ok with that since it can be sold for money if need be.

How was your month?


Understanding Net Worth


What Does Individual Net Worth Mean?

Net Worth is a snap shot of your financial health sort of like a picture or debt to net assets. In simple terms it’s a total of the value of your assets minus your liabilities.

We credit the growth of our net worth due to patience, perseverance, using a monthly budget and not giving up. Your numbers may go up and down but don’t let the numbers scare you rather understand why and move on.

Canadian Budget Binder Budget Spreadsheet - money problems

If you would like to use our budget I offer a FREE downloadable budget which I created and that you can use at home just like we do. I don’t charge for it because I want you to save money not spend more!

2014 Free Money Saving Tools - money problems

There are tonnes of other free printable lists offered at Canadian Budget Binder to help you achieve some of those financial goals and build your net worth. Now determine just how much net worth you actually have and go from there.

Enjoy and let me know what you think.


Determining net worth


Figuring out net worth is fairly easy as long as you know your personal numbers or monthly finances which means you need to do your homework. Net Worth is simply adding up all your assets (what you own) then taking away your liabilities (what you owe) which will give you a net worth number.

Understanding your net worth will help you determine if you are on track to meeting or beating your personal financial goals. It doesn’t get any easier than that.

How to Determine Net Worth?

Net Worth = Assets – Liabilities


Calculate net worth


Do you know how to calculate your own Net Worth?

Now you can stop asking yourself the question, how do you find out your net worth? Why? It’s easy to determine. We like to calculate our net worth every month so we know if we are still on track. Some people calculate it yearly or quarterly. It’s really up to you and how informed you want to stay when it comes to your financial health.

Net Worth is essentially an estimate and not everyone uses the same type of figures. Some people don’t include vehicles like we do or they may leave out the assets inside the home like we have. It depends on what you want to calculate or what you can sell today and make money on.

Why not go ahead and calculate your own using our Free Money saving Tool Net worth Calculator (Canadian Budget Binder 2012)


Why you should set financial goals


Below is our progression chart towards our goal of a million dollars net worth which should happen according to our net worth calculations by Mid August 2017 (this year). Note: Since we went on holidays and spent money buying a new truck this goal has now changed and will likely take us into 2018. I will have a more accurate update shortly.

2016 Progression towards the Million Mark - money problems

Setting goals are the only way we work towards achieving what we want to get done as a couple around the house and in our financial life. I know that without them we would be flying by the seat of our pants which wouldn’t work for us.

I find it’s much easier being held accountable when I share what we need to do with all of you. Yes, my wife refers to the list when she asks what I plan to do next. I’m not sure if that’s a good thing for me or not.

In the graphical representation above, I have used excel to provide a trend line prediction based on the past years monthly net worth figures.

Using figures from our actual net worth gains over the past 12 months (the solid blue line) it has suggested that by the end of (2016) we should have been around $900,000.00. We fell short of this goal by $9000 which is perfectly fine as it was only an estimated goal based on current financial trends. This can change over the course of the year and is only a prediction based on known historical figures from our finances.

According to the chart, we should hit the million mark in or around August to September 2017. (didn’t happen)

This is nice to know but anything can happen over the next year. Hopefully with some careful planning we can achieve this goal and go beyond it.

Do you set financial goals for the year?


Our financial numbers


November 2017 Preceding 12 Months Net Worth - money problems

When budgeting anything is possible, we are proof of that although we still have a long way to go in our journey. These are our numbers and our goals, not a means of comparison towards your own goals to others target goals.

We don’t care how much money others make or if they have a high net worth or if it is lower than ours as it’s not a competition. I hope our experiences perhaps will help guide you along your financial path working towards debt freedom.


Different financial paths


Not everyone has the same path in life. Some of you may have had to start over like I did or go to school a second time and now have OSAP loans to pay back.

Others may have divorced, lost money in the stock market or other investments, suffered job loss, fell ill or injured on the job etc. but you can’t let that stop you from achieving your financial goals.

Some of you may have been given trust funds, paid-for homes, paid educations or perks in life that give you a financial kick-start and that’s OK too. Remember what I said, “It’s not about how much money you make, it’s how you save it”.

Focus on you and don’t let the evil eye of money jealousy or keeping up with the Kardashians cloud your vision. No one cares about your money as much as you do so don’t waste your energy trying.

The only reason people accumulate wealth is because they know how to save or invest it wisely even if they did inherit money or win the lottery. The smallest improvements should mean big strides in working towards reaching your goals.

Sometimes we have to fail in order to learn and we’ve all been there. Money can be an evil force for some people especially those who have a negative attitude towards their own financial situation.

I urge you to be optimistic and little by little with determination you too should see improvements, if you want that to happen.


Net worth updates 2017


Below you can click the links to read earlier months net worth updates 2017 to see how we made out following our own financial rules.

That’s all for this months net worth update but please check in at the beginning of December 2017 to see how we made out in November 2017 with our financial portfolio.


Remember: “It’s Not About How Much Money You Make It’s How You Save It

Check out our 2012-2017>> Monthly Budget Updates

Add Your Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: