FINDING WAYS TO BE HAPPY IS NOT ALWAYS AN EASY TASK ESPECIALLY WHEN YOU ARE IN THE DUMPS ABOUT YOUR MONEY SITUATION. Building wealth from nothing is the path many of us will take but along the mystical route of debt reduction and increasing net worth motivation is a crucial tool for success. The only way to start building wealth is to explore debt reduction strategies for ways that will help with debt problems that may be causing you stress. I understand why someone might classify having debt under the good debt category and the bad debt category however managing debt means your debt to income ratio is all that matters. Related: Order your Canadian Credit Report Free If you are serious about getting help with debt don’t start making excuses as to why your personal debt is more important than the debt you incurred by getting an education. Debt is Debt and if you change your financial mindset to that of a successful business owner you’ll soon see how critical debt reduction is for all of your liabilities. I remember a time where I got to the point that I had no intentions of creating more debt […]
5 Key Benefits of Debt Reduction To Help Motivate You : January 2017 Net Worth Update (+0.28%)
3 Advantages Of Starting A Monthly Net Worth Calculation : December 2016 Net Worth Update (+1.88%)
THERE’S ONLY ONE ACTION YOU NEED TO TAKE WITH YOUR MONEY AND THAT’S CONTROL. It amazes me how many people want to know the net worth calculation of everyone else but themselves. It seems that unless you know you’re doing well financially seeing a net worth summary is pointless. Hardly the case, let me explain. The first thing Mrs. CBB says to me when I bring her our monthly net worth calculation is,”How did we do this month?” Since I’m the one who completes the monthly net worth calculation I have to break the news to her whether our net worth went up or we took a hit. The next question is always, why? If the number decreased I get a sigh but if it increased she smiles which is likely the response from most people. Money and emotions can run high especially if you’ve invested lots or you grew up in a financially struggling household. One thing I noticed is that no matter what the monthly net worth calculation displays she wants to know, Why? The notion that net worth must increase when you spend less and balance the budget is misleading. These are not the only financial […]
What It Feels Like To Have No Debt When Others Struggle : November 2016 Net Worth Update (+1.58%)
NO MATTER WHERE THE JOURNEY TAKES YOU FEEL THE ADVENTURES FOR THOSE WHO ARE NOT. Do I know what it’s like to struggle financially and feel like I’m not going to get ahead? You’re damn right I do, but not the way you might be or someone else might be. Our struggles are our own but even then it can leave a lasting scar. Let me explain why and how I overcame these dark feelings and my importance to motivate others to feel their financial dreams too. I can’t remember a time during my teen years where having no debt was part of the equation in my day-to-day activities. Making money and saving it was what life was all about for me up until I bought my first flat at age 19. That’s when my financial radar kicked in and boy was it a shocker. Related: Was I too young when I bought my first property? It was then when I realized how debt could make you feel since I’d always paid cash for anything I needed. I don’t come from a wealthy family in fact most of my years were spent working to save for anything I needed, […]
6 Strategic Money Management Motivators To Keep Us Focused : October Net Worth Update (+0.55%)
THREE M’S THAT CAN CHANGE THE WAY YOU LOOK AT YOUR MONEY FOREVER. Budget your money, Budget your money, Save, Save, Save we are told, but that’s only a portion of the solution to what so many people are feeling when it comes to feeling the financial crunch. Financial affairs should always be part of your daily routine however just because you use a budget doesn’t mean you will become successful at running it. It takes far more work than just budgeting to achieve your financial goals. In fact it takes a hell of a lot of work outside of the spreadsheet and whether your committed or not will show in the numbers. Let’s talk about the numbers for a moment especially since November is Financial Literacy Month across the globe. Numbers aren’t the only way you’re going to become rich. Come on now we all want to have money in the bank and being rich to you might mean you are debt free or have more than $100 in the bank. Whatever the case may be always remember that those numbers didn’t become what they are magically. They had to come from somewhere, somehow and most likely that […]
How We Used The Back Door To Get Ahead Financially : September Net Worth Update (+0.60%)
WE WANTED CHANGE AND WE HAD A CHOICE SO WE DECIDED TO TAKE A CHANCE. The best use of the letter “C” that I’ve ever made to get ahead in life but it was far from easy. Wouldn’t it be nice to be debt free, financially independent and successful? You’re right it would be like removing a rock from over an ant only to see it still smiling with relief that someone figured out how to save it without crushing him to death. Just because you have a heavy weight sitting on your shoulders that keeps your mind over-thinking day and night doesn’t mean you are defeated and your life is over. It simply means you need to start thinking about taking risks while considering change in your life to get ahead of the money game. It sure would be nice walking through the front door after a lottery win, inheriting big money or graduating from school with a full-scholarship and career offer on the table. Oh, how that would be glorious and for some it is a reality but don’t get your hopes up on dreams unless you follow through to bring them to reality. Since I’ve moved […]
