Poverty Stories: Growing Up Poor Made Me Rich But Not Happy

SOMETIMES WE KEEP LOCKED UP THINGS THAT HURT US THE MOST.   Fan Submission to Poverty Stories My parents married when they were 17 years old back in the early 70’s and lived in a town just outside of Toronto. Shortly after I was born into what was a loving family environment that did what normal families do. This was the happiest and scariest moments for my parents because financially they were just getting started. Luckily both of their parents lived in the same city and they were able to get help from them with babysitting and anything else they needed. Both my parents are the youngest of many siblings who watched their brothers and sisters grow up to become successful in their careers.   Walk down the aisle   Back in the early 60’s and 70’s it wasn’t uncommon to get married before the age of 20 years old so naturally having a baby was the next step. My mother was an accomplished musician among her peers and my father followed his passion as a plumber in the trades. By the time they were in their mid-twenties they were both working steady jobs and life was getting busy. My […]

Rent-to-own can be an easy debt trap : The Saturday Weekend Review #99

KNOW WHAT YOU ARE GETTING INTO…   Rent-to-own is a popular way to get stuff for your home that you can’t afford to buy new or you lack the credit for a payment plan option. I was reading an online article yesterday about a couple Tom and Debbie McKercher in Manitoba who got in over their heads with the rent-to-own option available at their local Easy Home store. I guess people rent-to-own because they want or in some cases need “stuff” for one reason or another. Back in the day hand me downs or donations worked just as well, not to mention having to go with-out until it was affordable. There are plenty of options available including rent-to-own but it comes with a price tag that often motivates people because it is so small. Easy Home after all is a legitimate business and offers a service that may help people who seem to need it. Often people don’t have the money upfront to buy brand new furniture so they turn to these rent-to-own shops. One friend of ours didn’t like the size of the television in their family room so they opted for the rent-to-own option at Easy Home. It […]

Becoming a Single Homeowner – Part 1 “The Plan”

I’ve noticed a trend lately. The usual client that darkens my door is changing. There is a marked increase in Single person – home purchase applicants. And this trend is being led by the ladies. And I’m not the only one noticing this. Single ladies hooking up with homes is coming to a neighbourhood near you. Mr. CBB asked me to share the experiences of the unique requirements of how the Single person approaches purchasing a home. He was very emphatic in ensuring this covers single women, men, and single parents. As there are potential additional risks and vulnerabilities with a single income and/or dependents – I submit this information to you with great respect and full gravity. With this said – I am very excited at what is transpiring here! Making the move from renting to home ownership carries a direct historical correlation to wealth accumulation and an increased net worth. And one thing all of my single clients are in agreement on is having an opportunity to increase their financial position. So with this in mind – here are some simple steps to increase your shot at owning your home. It All Starts With A Budget – And A Plan […]

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