Resource Library

More quick resources to get your money working for you

Managing Your Cash Sounds Easy Successfully using CashMap’s Line of Credit means writing down your goals, sticking to your budget and, keeping your money working for you 24/7. This might sound simple; however, few of us do it. Vicious Cycle We start with good intentions, get distracted,...

To date, all of my posts have assumed that you have at least $1,000 after you pay your bills. What happens if you only have around $500? I’ve created a series of examples just for you. My Cash Flow Profile Let’s assume you deposit just $4,200 each...

You’ve used $15,000 of your $20,000 line of credit. The interest rate on your line of credit is 4.5 percent. If you’re Canadian, you’ll pay interest only forever! If you’re American, it’s interest only for the first ten years and if your line of credit...

You’ve heard the warnings and know by experience the benefits and dangers of a line of credit. You would love to keep your money working FOR YOU 24/7 but you feel like you’re too late. The key question is, “Is it really too late?” Absolutely not!...

We can’t avoid the power of compounding. Either it’s working for us or against us. It’s our choice. Financial institutions use it to their benefit. With a little bit of knowledge, we can harness the power of compounding to our benefit too. Time is NOT on...

Rarely is it the big events that make have the biggest impact on our lives. Instead, it’s the small actions that we take that make the biggest difference. A single event doesn’t seem to make a difference; however, the same small event repeated over and...

Our Challenge We’re all busy. There are too many things demanding our time. There are more things to do than there is time to do it! For most of us, we work hard for our money and there’s not enough of it. Our money doesn’t demand...

My Friends Budgeting Dilemma While visiting friends, my wife and I were sucked into a discussion about their family’s finances. Awkward!! Our friend began complaining that she was having difficulties making ends meet. She was really frustrated. Her husband wasn’t giving her enough money. He gently reminded...

You’ve selected your financial institution, they’ve approved your line of credit, you’re using Your Next Step Checklist and you’ve about set up your new system that will start saving you thousands of dollars. Congratulations! You’ve thought of a couple more questions. Let’s answer them! My bank won’t let...

CashMap’s Strategy Saves You Thousands In my earlier post, ‘Keep Those Lazy Dollars Working’, I showed you how you can keep your dollars working and spend between 25 and 40 dollars and save $43,720 in mortgage interest in one year. I assumed you had a 5.5%...