Joined the Yakezie Challenge

Just joined the "Creating Powerful Friends: Samurai’s Yakezie Challenge".  Through selfless promotion of other Bloggers we will grow a strong network uniting many posters together.

I am truly excited to be part of the movement.

Check it out at the Financial Samurai.

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Zero Dollar Day

When was the last day you spent no money whatsoever? 

A great technique for saving cash- simply don't spend it.  I know this sounds crazy but it works.  I have used this technique with great success to exceed my savings targets within my already tight budget.  Try it for yourself.


Schedule your first Zero Dollar Day sometime during the next seven days.  Prepare by scheduling it for a day which you have no planned expenses.  Complete any required spending prior to that day (filling the vehicle with fuel, groceries etc).  Do not "stock up on spending" though :)


Now go the entire day without spending a dime.  It's not as easy as it sounds when that coffee or candy temptation presents.  Once you have completed the day successfully (if you slip simply schedule another) plan your next Zero Dollar Day within the next 4 days.  Repeat this process as often as you can. 


It becomes addictive.


Once you have forced yourself to not spend money, the realization that you can live without certain things will present itself.  From here you can begin trimming the budget even further.  End result- wealth you didn't even consider before.


Did you really need that Timmy's coffee after all?



Cheers
WBC

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Link Rally

Collection of links from some great Blog Authors. 

Does Money Buy Happiness? @ Fiscal Geek
Asset allocation for beginners @ Green Panda Treehouse
Playing China’s housing bubble @ Intelligent Speculator
You Can do Better Than The Millionaire Next Door @ Money Energy
Do’s and Don’ts with ETF’s @ Canadian Capitalist
Spending your Tax Refund @ Million Dollar Journey
The Two Faces of Luck @ Canadian Dream
Tracking Finances @ Four Pillars
Plan the Unplannable with Dividends @ The Dividend Guy
Debt clock: what does yours look like? @ Balance Junkie
The Power of Childlike Persistence @ Financial Highway
Start Living on one income @ Debt Free Adventure
Carnival of Personal Finance
Money Hack Carnival
Carnival of Money Stories

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Million Dollar Club

Today I declare that I am officially joining J. Money’s Million Dollar Club. I am now officially on my way to becoming a millionaire! You can join too, the concept is below.

You are definitely more likely to accomplish your goals if you put them down on paper. It gives you something to follow and each time you complete a goal from the list, you gain motivation. Check out my list and make one for yourself.

How I will do it

I can and I will employ solid personal finance theories in my life.


Stick to my Budget/Financial PlanI will spend less than I earn annually.


I will never buy a car just to keep up with appearances.


I will not buy a house that is more than myself or my family need.


I will not spend money just to spend it.


Involve successful people in my life, avoid negativity


Sell unwanted stuff on eBay/Craigslist/Kijiji


Develop my career to highest income earning levels

Develop other forms of passive income

Join the Million Dollar Club and start reaching your goals today!   Do you already have a list of goals like this? Share them in the comments section below.

Be sure to head over to Budgets Are Sexy and check it out. Tell them Wealth Builder Canada sent ya!




Round of drinks on Me when I hit my goal... Cheers!

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Back to saving money and gaining wealth

It's been a while since my last Gaining Wealth and Saving Money post.  I can honestly say I have been busy living my dream of sorts.  Since my last post I have been extremely busy juggling my daytime employment and establishing my business.  I am proud to say that my business is well on it's way to success.

Initially I registered the business name in Ontario, started it's website and began setting up the home office.  As I moved through the process the snowball effect become quite apparent.  Many business requirements rely on other tasks to be completed first.  This quickly became a very large "to-do" list. 

My to do list consisted mainly of:

Business Registration and Accounting Requirements

Improvements to the home office

Business Forms, Letterhead, Cards etc etc

Marketing Marketing Marketing!

I purchased Quickbooks Pro to keep track of all my business transactions.  I had previously been tracking this information with simple excel sheets for my personal and business expenses.  I was pleasantly surprised to find Quickbooks extremely user friendly and manageable.  My accountant should thank me next tax season.

My home office was upgraded with a budget friendly devoted PC (resurrected from my closet) a printer/fax/scanner combo from WalMart at a very reasonable price.  Many other office purchases such as paper, report covers, binders etc were purchased from the Dollar Store!  That place has been the most useful office supply depot I have ever found.

I was able to print some new business cards, devise letterhead, forms and templates at a very mimal cost by searching around the net and simply borrowing the free templates already developed by others.  At almost zero cost I have professional looking forms and templates for all required situations.  As well, Quickbooks includes various templates for the accounting end of things.

Onward I moved to Marketing. This I believe, will be the most time consuming, yet best utilized time for my business.  As I am already quite familiar with Blogging, I started a blog for the business and quickly added some content to use as the company website- free of charge :)

I will devote an upcoming post to the various marketing tactics I am currently using and how they have panned out. 

Every day that passes I become less dependant on my day job, the ability to be free is at hand. 

Stay tuned!

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