New life for $2

Thirty years ago today my mom and I left my dad for the last time. I had some clothes stuffed into my school bag, she had some stuffed into two plastic bags. We had bus fare and an extra quarter to call the women’s shelter for directions. That means we started a whole new life for $2.

My mom had no education, no money, no options. Sometimes seeing what not to do gives you the best lessons. Thanks Mom.

DontEatCatFood-TTC-New Life for $2

The TTC transfer that got us to the women’s shelter that day has been in a photo album for 30 years.

Prince and the true currency

Dearly beloved
We are gathered here today
To get through this thing called life

Electric word life
It means forever and that’s a mighty long time
But I’m here to tell you
There’s something else
The after world…

Prince died today,at the age of 57. His music has been part of my life since I was a kid. When Doves Cry is still one of the sexiest songs I’ve ever heard, and I even got married in 1999 so I could party like it was (1999).

What is a money/finance blogger doing writing about a musician? Here’s the thing. Money is important, but time is the true currency. None of us knows how much we have left, so we have to make every minute count.

If you don’t have money, or at least knowledge about your money, you don’t have the luxury of choosing what to do with your time. You have to give it away to get what you need (food, shelter, etc.).

I had the pleasure of seeing Prince in concert in 2011. He certainly was dedicated to his music. May we all be so lucky as to have the chance to pursue our passion instead of chasing money to pay the bills.

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Credit is like Spandex

Yesterday was tax day for me and I have mixed feelings. Usually I’m happy about paying taxes. I know, I know, I’m weird — but I’ve benefited from what my taxes pay for and I’m grateful. It’s also a great indication of how much money I’ve made.

Thanks to installment payments and lower income, I didn’t have to pay much for 2015. I’m trying to remember how stressed I was in 2014 when I was working seven days a week and a Big Personal Event happened that left me scrambling to find the time. Sure I made a lot more money, but it left me thinking about the whole work/life balance thing.

Oh, I’m self-employed, by the way. A lot of people think you have more free time when you work for yourself (as though you’re retired), but most self-employed people I know actually have less, because you’re working all the time.

I went to the bank to make the tax payments (I’m rather fond of the big PAID stamp they have) and while I was there I spoke to an advisor. I mentioned my next big project is saving up for an investment/income property. He told me that with my equity and good credit I wouldn’t need to save up, I could finance the whole thing through the bank. All I have to do is go in when I’m ready and they’ll pre-approve me.

Fully financing a second mortgage through a bank? Too Big to Fail started flashing through my brain. Credit is good, when used appropriately. But sometimes credit is like Spandex.

Just because you can get it, doesn’t mean you should use it.