You Don’t Need To Be Embarrassed By The Way You Manage Your Money If You Do It Right. Building wealth seems to be the target for just about everyone unless you don’t mind struggling for money to pay the bills and retire comfortably. At least once a week I get an email from a fan who tells me they are tired of being broke, have lots of debt and want to start building wealth now rather than later. Not only is that a smart idea it’s the beginning of a journey back to square one where you get to clean your financial slate and do it right. Are you embarrassed by the personal finance decisions that you are making? You should be if you’re making simple mistakes that are causing you to spend more money than you should be especially when you have technology at your finger-tips. Rate comparison for everything is available to us but when it comes to financial rate comparison it takes a back seat to everything else. Related: Stop blaming the government for all of your debt problems. Not having money and surviving on a low-income or struggling with a high debt-ratio can be embarrassing […]
Is your savings account an indicator of your wealth?
SAVING MONEY TAKES TIME Building wealth is not as easy as some people make it seem. At the same time there are paths to achieve financial goals but you must be willing to walk them. Your finances fall under an umbrella system where there’s more than one number that has to be accounted for when looking at your overall financial picture. If you ask someone how much money they are saving every month I’m betting they will either laugh at you or straight up tell you, “Not as much as I’d like”. The truth is that many Canadians struggle to put extra money aside every month because of debt load and monthly bills. There always seems to be a struggle to make ends meet because prices just keep going up and up. I’m not just talking about people making minimum wage either. There are plenty of people who earn more than minimum wage that just can’t seem to get on the right financial path. More money doesn’t equate financial freedom. Plenty of people are more than happy with no debt and a savings account without earning 6 figures. Although many people may feel the cash crunch to overcome this […]
