A Little About Myself
I’m a 37yr old male loving life, happily married to my better half. We have a 7 year old son, a 2 year old daughter and a dog living in Ontario Canada.
I’m a Landscaper and she’s in the health care field. Our household income is probably average for a dual income family. I’m a true Maple Leaf and Blue Jays fan and a bandwagon jumper with the Raptors. They got a good team I just cant watch basketball, playing it is fun tho.
In march 2011 I started reading about finances and got convinced to pay off all our debts. At the time we were just over 60k in debt with minimum payments totalling approximately $1600 (not including house). We had a net worth of negative 7k. Yes you did read that right -7K…… We owned a house at that time as well. Both of us did the Dave Ramsey system and after 2 years, WE WERE DEBT FREE!
I continue to read a lot of finance and business books. I generally read a book a month. Feel free to check out my book recommendations as I will be updating it periodically. If you have a book that you would recommend let me know and I will do my best to check it out.
Between now and the time we were debt free I was really under the belief that the financial system was going to somewhat implode, as they keep printing money. So I wasn’t into the stocks yet. We bought physical precious metals monthly. I remember buying some silver the day the U.S. assassinated Osama Bin Laden. The next day precious metals plummeted. That was a eye opener and I realized as much as I liked the physical aspect of it, there was no return on investment. It’s a great hedge, but there is no Cashflow!
We want to make money while we are sleeping not look at pretty objects…
I love owning a part of these fantastic companies, and its even better when we regularly purchase their products. In return for purchasing shares of their stock, dividend companies give us a cut of their profits in the form of dividend payments. Cashflow, money while we sleep funds. We tend to reinvest the money into new shares to grow that income faster. By buying quality dividend companies our money starts to work hard for us and one day hopefully harder than us!
The website was created after reading lots of other bloggers changing their financial picture. I started chatting with them but decided to start my own site after a while. I do not post what I do to brag or whatnot. I post it because I hope what I write inspires you. We are just a normal family who decided enough is enough. We worked so hard for so long and really had nothing to show for it. We were still broke and needed that pay cheque every week to stay afloat. It took awhile to get the ball rolling, but month by month things get easier.
The website also helps us track our finances better, I love the year over year comparisons. I hope you take something from across the site and implement it, the sooner you start the better. I wish you all the best. If you have any questions or comments. Leave a comment or email me, I’d love to help.