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SugarMamma by Canna Campbell - 3w ago

I am so proud to share with you where this $1000 came from, especially as there is possibly more to come! I was chatting with some other small business owners, sharing our challenges, ideas, inspiration, tips etc and two people mentioned that they had discovered some government grants that their business were entitled to.

These grants range in size and type and there are reasonably strict qualifications, however I found one through Austrade that supports small business who are marketing their businesses overseas, to sell products and services to international buyers.

To help me with this grant, I actually hired a contractor as the application process was quite lengthy and I want to make sure that I got it correct the first time. So after various questions, form completing, receipts being reviewed and checked, my application was finally approved and I was given a very much appreciated government grant.

Whilst it is the small business owners choice as to how they wish to use this grant, I chose to pay myself a $1000 after tax bonus and invest the rest of the grant back into the continued growth of my business. And the news gets even better, I can reapply for this grant next year, but at a reduced rate, for a couple of years in a row, which is extremely exciting!

With this $1000, I actually added a new investment to my portfolio, I invested in The BetaShares Nasdaq 100 ETF  which provides access to a diversified portfolio of companies that are listed on the Nasdaq, including companies that provide services that are now part of our everyday lives. Companies such as Google, Apple, Amazon Netflix and Tesla. Companies that I have wanted to own for a really long time, but have been to expensive to access individually and too challenging to diversify across.

This is a relatively new ETF, and the estimated dividends are really low for the time being, however long term this should help meet my long term capital grow goals whilst also adding a unique but diversified element to my portfolio. The estimated yield is actually only 0.5%, which is an estimated passive income stream of only $5 p.a. with the current value of the stock, however long term that 0.5% annual yield based on an ETF that has grown in value, can be extremely valuable. Progress 66% now.

xCC

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SugarMamma by Canna Campbell - 1M ago

This $1000 parcel comes from a lot of pride and satisfaction. This is $1000 from the advance for my next book, coming out in July! Whist I was paid more, I decided to only pay myself $1,000 as an after tax bonus, especially as I literally worked around the clock, around the world, writing my first draft which was submitted in September 2018. However I only just got paid. (Talk about patience!). And it is quite ironic as one of the money hustles that I recommend for The $1000 Project, is to write a book or even an e-book.

You don’t necessarily need a publisher these days. You can write your own book, hire a freelancer ghost writer, proofreader and even illustrator quite economically and even have the books printed yourself. And whilst this may require an initial investment, you get to keep 100% of the profits, whilst when you use a publisher, you only keep 10% of the profits.

These royalties are an excellent example of passive income, and if your book is popular and consistently sells (rather than being a hot/fashionable topic), it can also be a very consistent source of passive income if you can market it well.

Now you may be thinking “what can I write a book on?”. Well if you look online you can buy ebooks from how to heal a broken heart, to how to cook a roast chicken, to how to get a baby to sleep, to how to train your puppy. The ideas and opportunities are endless and if you have a helpful tip, knowledge, experience or expertise – you can actually help and add value to a wide range of peoples lives. Value that people will pay for.

Now on that note of value, I noticed that ANZ was trading at a discount still, with an estimated yield exceeding 6% p.a. My research indicated that most brokers and analysts had ANZ as a long term buy, with dividends expected to continue to grow in the long run. Seeing this capital growth opportunity as well as passive income collection, I purchased another $1000 worth. (Please refer to general advice disclaimer as I am not recommending that you buy ANZ stock, I purchased this stock based on my personal financial goals and my High Growth risk profile).

This now takes my estimated passive income to $4,625 p.a. which is almost 66% of the way towards achieving my goal. The reality of not achieving my ultimate goal of $7,000 p.a. in passive income is settling in, however with The $1000 Project, you create your own deadlines and rules. So I may look at extending my deadline.

Additionally, I still have Frugal February coming up, so if you haven’t switched on your notification button, please make sure you do so right now as I am going to be making weekly VLOGs for you!

xCC

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SugarMamma by Canna Campbell - 1M ago

Tidying Up & Making Money Doing It

2019 has already had a big impact on me in my quest to make this year “The Year of Less But Better”. Less consumption, better investing. Less household chemicals, better health. Less processed food, better energy. Less distractions, better tranquillity and of course less clutter, better focus and time.

Already I have set upon my home, looking for decorations, clothes, toys, kitchenware- basically anything that I don’t love, value, use or appreciate running through my mind.

As I pull items out of drawers, wardrobes, cupboards, bags and baskets, seeing the new space created by what is left is simultaneously euphoric and cathartic.

You see and feel the progress in your de-cluttering as you discard each item. You feel layers of anxiety peel away, and you feel a sense of responsibility and maturity as you become more aware of how much “stuff” needs to go and be freed in your life as you promise yourself not to let this clutter sneak up on you and your home ever again.

But as you watch your piles grow, you need to be honest with yourself and ask yourself “where is my unwanted stuff going to end up?”

Most of us embark on a declutter spring clean when we know our local council pick is coming up or we have just “refilled” our house with new items from Christmas or even from a burst of motivation from the popular Netflix series, Tidying Up..

We think we are doing the right thing by placing our old treasures on the streets for people to help themselves to, or that you are helping disadvantaged people by dropping it off at charity bins. And while this is partly true, the reality is that these charities are inundated with people’s unwanted stuff right now.

The other week I took myself out to meet with Faye Delanty from the Salvation Army Store in Tempe. She took me through the warehouse style store and out the back to show me the excess that they are dealing with.

There were hallways that were no longer hallways as they were piled to the ceiling with black garbage bags of people’s unwanted belongings. Boxes and boxes piled on top of each other like freight on a cargo ship. Everything was unopened, as the Salvos can’t keep up with the constant deliveries of more and more unwanted stuff arriving every day.

Standing next to these mountain high piles of bags and boxes made me feel ill.

Then my own council pick up day came. So I went for a walk around my neighbourhood, to see what people were throwing out. Amazingly, I discovered art deco furniture pieces, perfect condition kids’ books and toys, artwork and sculptures, garden pots and plants, lamp shades, beds, sofas.

As I slowly returned home, walking past more piles of unwanted items, I felt a huge sense of frustration. These items discarded on the side of the road are unique, original with character, in good condition and actually quite valuable.

My neighbours could sell these items very easily, but instead my streets were actually littered with cash.

It would just take minutes to take a quick photo and a few words to describe each item and list it on Gumtree.. They would be paid cash for their item on the spot and it would be taken away for them rather than dumping the items on the street or schlepping to the local charity bins. Talk about less effort more time!

And I know this because I did this myself only 6 months ago. The “unwanted” items in my house from my previous spring clean made me over $1000 in less than 10 days. And while I donated that money to the Rural Aid, this $1000 would have been a welcomed injection to any Australian household.

Cash that could pay off credit card debt from overspending at Christmas time, cash that could be put into a saving account to put towards a family holiday. Cash that could be put towards building some emergency money to help alleviate financial stress.

It’s great to take inspiration from people like Marie Kondo and declutter your home but don’t forget there’s a way to make money while you do it. Here’s how you can apply some of her basic rules of tidying  and use them to make money and avoid more waste going to landfill.

  1. Ask yourself if you love, value, use or appreciate it: Then ask if your items would be love, value, used or appreciated by someone else. Would that old pair of skis you have lying around would help someone get a start on their ambitions? If the answer is yes, it’s worth putting the item up on Gumtree.
  2. Imagine your ideal lifestyle: Imagine what your life will be like not only when it’s free of clutter, but also when you have a bit of extra cash on the side. Does that mean cash for a rainy day? Redecorating? It’s up to you.
  3. Tidy by category: When looking to store things away that you’re not quite ready to part with, find storage boxes, new drawers, packing cubes and more on Gumtree. .

So as I return back to my home, facing my piles of items to let go of, I feel excited about taking action and embracing my 2019 theme, selling my unwanted items on Gumtree responsibly and knowing that my resolution of “less stuff, better financial health” has already begun.

So don’t be a financial litterbug, grab your phone and start listing your unwanted items, remembering that “one mans trash, is another man’s treasure”.

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Saving money doesn’t have to be boring, restrictive or dull. When you adjust your mindset and attitude, it can be really fun, especially when you get the whole family involved or make a challenge between yourself and a friend. The trick is to have a great goal behind your savings, so that you really want to win. And your goal is completely up to you, you could make your $1000 to finally pay off an old perky credit card debt, kick start your deposit for your first home, or even lifestyle things like a new work wardrobe, holiday or maybe even a new designer handbag. Just have fun and enjoy the process and realise how easy this is!

Also, if you really love this idea, you should definitely grab a copy of my book, The $1000 Project as I share HEAPS of other ideas as well as other hacks and steps so that you are supercharged for success! The $1000 Project has changed 1000s of peoples financial lives and you can buy my book here:

Here are the money saving charts for you to print off and get started! A massive thank you @thebudgetingkiwihousewife for sharing this on Instagram!

xCC 

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My 20th $1000 was so slow to accumulate but came to its finale simultaneously with a nice little additional bounty of $2,000, which went towards my 20th, 21st and 22nd $1000. This meant that I finished the month of December with a total $3,000 to invest in one hit rather than 2 parcels (one $1000 parcel and one $2000 parcel). How did I do this? Well…get comfortable. I did online surveys, I sold some clothes on eBay and High End, I had some frugal weekends staying at home, I worked on the weekends, I did market research, I took my lunch to work, I cooked budget friendly meals for Rocco and I. $20 savings, here, $10 savings there and then $60 market research, $20 online surveys, it slowly added up to $1000.

Then I got to rent my house out at a premium. Fortunately it was only for a few days and was whilst Rocco and I were away, but this gave me another $2,000 which was a much appreciated boost to help me catch up. This is very rare, but a young mother was in a situation and needed a certain type of accommodation and wanted to bring her dog. My house is pet friendly so I was happy to help her out.

So excited to see $3,000 sitting in my dedicated $1000 Project Savings Account, I research a few different options and investments for my portfolio and instead of diversifying, I noticed that one of my ETFs was trading at a 12% discount. Whilst this may freak some investors out, this actually excites me and seeing the huge discount and potential long term capital growth opportunity matched within my passive income goals, I quickly ceased the moment and purchased more units in the geared ETF of Australian shares GEAR. This now brings my estimated passive income up to $4,565 p.a. which is 65% of my goal.

Definitely still way behind my goal of $7,000 by the beginning of March 2019, however I have a few tricks up my sleeve that I have been working on, and I cannot wait to share with you early next year. These are new things that I haven’t done before, so stay tuned!

xCC

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SugarMamma by Canna Campbell - 2M ago

Adam H. Kol, J.D. is a Financial Relationship Coach and Certified Mediator. He helps couples tackle the emotional side of financial stress.

What happens to “personal” finance when you add another person? As you may know, it can get tense, sticky, and complicated! So, I’m sharing the 7-step roadmap my clients use to create financial peace and partnership.

1. Take a Breath: if this is hard or you’ve been avoiding it, that’s normal! You’re not alone, and there’s nothing wrong with you or your relationship. It’s a big issue…but it’s solvable!

2. Set a Date: choose a time to get the conversation started. Feeling fear at this stage is common. If you need to, ask via text. Here’s a sample: “I’d love for us to discuss our financial hopes and plans. I think that would strengthen our relationship and make us happier! When’s a good time to take an hour or two to start that process?”

3. Set the Stage: when the moment arrives, lay the groundwork for a healthy conversation. Get connected, maybe by hearing about each other’s days. Put away the devices. Have a glass of wine if that helps. Remember why you love your partner, and trust that something beautiful is on the other side of this.

4. Share, Share, Share: this may get uncomfortable, but keep moving through it! Help your partner feel safe to open up about their fears, concerns, or past hurts. Model this vulnerability yourself, and try to understand, rather than judge, your partner. To ease in, I recommend sharing about your family and personal history with money. Now’s also the time to divulge anything financial secrets, i.e. debts or bank accounts. Share your values, hopes, and dreams, too!

5. Create a Vision: put your collective hearts and heads together, and dream up a future you both will love. Consider anything with significant financial implications, like where to live; kids; career plans; and retirement.

6. Crunch the Numbers: now that you’ve got your vision, work backwards to see how to get there. Make an actionable plan, budget and all. It’s likely that everything won’t add up on your first crack — that’s fine. Keep playing with the numbers until you find something you’re both stoked about.

7. Execute Your Plan: the nitty gritty. Do whatever it takes to carry out your plan. Regular financial check-ins create accountability and the opportunity for needed conversations. By the way, don’t despair when things get off track — they will, and that’s okay! Your plan will ground you, and from there you can adjust over time. Leverage financial tools to help. And continue educating yourself on key topics, i.e. debt, taxes, passive income, etc.

Your relationship will transform once you’re working together for a future you both love. Imagine — what would that be like?

Now, go make it happen! As you do, know that this is a huge step that many couples never take, so my Bonus Step is to Celebrate Your Successes!

Thanks for reading. Look out for future content on topics like what to do when one partner earns or spends way more than the other.

~Adam

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SugarMamma by Canna Campbell - 2M ago

Since starting THE $UGAR TRIBE, I have been blown away by the passion, commitment and success of the tribe members with their financial goals. One area that we have really focused on is our money mindset and being open, understanding and respectful to the flow of money in our lives. When you can do this, a shift happens. Keep reading, I explain more.

With so much interest around this topic, we have been working through James Goi’s book, “How To Attract Money Using Mind Power”. Now before you think I am turning into a nut case, this book has practical steps from teaching visualisation, language skills and explaining the power of attitude and appreciation.

Half way during the book we decided to test out what we have learnt so far and create a $100 10 Day Challenge where we had to apply the lessons and see if we could create opportunities to save, earn or create $100 within the 10 Day period. We just needed to invest our time and energy in applying the principals that we had been discussing.

Over the course of 10 days it was incredible what we each experienced.

First of all my partner asked to borrow my car for the day, (something he rarely does as he has his own car) so when I got in the car the next day I had a full tank of petrol, saving just over $100. Then a day later, I was asked to help a friend out with a business opportunity, the only issue was that she couldn’t afford to pay me but offered me a gift worth $600. Next I had to grab a bottle of champagne for a friend, as I walked into the bottle shop I opened up my Vintage Cellars app and discovered that I had a $100 credit. Then I was asked to do an extra job, earning another $100.

But it wasn’t just me experiencing this. Another tribe member discovered that on the day we started this challenge, her bank had overcharged her $100, after contacting the bank, they immediately refunded the $100 but also gave another $100 credit as an apology. Then another tribe member managed to trade her loyalty vouchers for other loyalty vouchers worth 3 times the value of her original vouchers, allowing herself to buy $600 worth of earrings for approximately $180. Then another tribe member decided to pack food for a 4 day road trip, which was not their original plan. They ended up saving $50 per day. Then another member’s parents randomly offered her some money as an early Christmas present. Whilst these are reasonable events, they all happened at the same time to all tribe members going the challenge. We all applied what we were learning together, it was incredible.

And I have to say, the money manifestation that I experienced aren’t things that happen to me on a regular basis. It was quite mind blowing, yet I am so grateful of this awareness.

If you would like to join THE $UGAR TRIBE, please let me know. You can quickly and easily catch up as all our Facebook sessions are recorded and available within the group via a closed group on Facebook. I speak twice a week and also share private VLOGs as well as fun financial challenges. For some people the cost of the membership is tax deductible and if you want to join, you can email Jessica@sassfinancial.com.au and she can organise your membership.

xCC

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SugarMamma by Canna Campbell - 2M ago

Just like people say to me, “I am no good at money”, I am no good in the kitchen. Now I know a lot of people say that who aren’t actually bad in the kitchen, but you know when you get complimented on your rice, you know something isn’t right. And that is me.

Now I am actually working on my culinary skills as I want to get better at cooking. Slowly building a few different meals, I do an okay salmon salad, lamb and Rocco loves my El Do Paso Burritos. And it pretty much stops there. But because I have figured out these dishes, I am literally too scared to explore in case I lose my confidence. It has taken me 38 years to get this far.

In the meantime, Rocco and Tom are truely bored with these three dishes.

So just like anyone who wanted to get better with managing money, would research and read for solutions, thanks to Tom, I went to cooking school for the day. I was nervous, I was embarrassed and I struggled at times to understand. I was placed in front of an expert, who carefully explained the individual steps required to make a French roast chicken, Apple Tart, Olive Tapenade and even creme anglaise.

By the end of the class, I felt more confident, more inspired to stretch outside of my cooking comfort zone and more educated. So just like with anything in life, when we hit a block, get stuck in a rut or are just simply scared, it is time to listen and learn to experts, who can help up go to the next level and see what we are capable of.

Will report back with my roast chicken results soon.

xCC 

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SugarMamma by Canna Campbell - 3M ago

Just like people say to me, “I am no good at money”, I am no good in the kitchen. Now I know a lot of people say that who aren’t actually bad in the kitchen, but you know when you get complimented on your rice, you know something isn’t right. And that is me.

Now I am actually working on my culinary skills as I want to get better at cooking. Slowly building a few different meals, I do an okay salmon salad, lamb and Rocco loves my El Do Paso Burritos. And it pretty much stops there. But because I have figured out these dishes, I am literally too scared to explore in case I loose my confidence. It has taken me 38 years to get this far.

In the meantime, Rocco and Tom are truely bored with these three dishes.

So just like anyone who wanted to get better with managing money, would research and read for solutions, thanks to Tom, I went to cooking school for the day. I was nervous, I was embarrassed and I struggled at times to understand. I was placed in front of an expert, who carefully explained the individual steps required to make a French roast chicken, Apple Tart, Olive Tapenade and even creme anglaise.

By the end of the class, I felt more confident, more inspired to stretch outside of my cooking comfort zone and more educated. So just like with anything in life, when we hit a block, get stuck in a rut or are just simply scared, it is time to listen and learn to experts, who can help up go to the next level and see what we are capable of.

Will report back with my roast chicken results soon.

xCC 

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SugarMamma by Canna Campbell - 3M ago

This $1000 felt like an eternity to create. It was so frustrating but I didn’t take my eye off the ball. I adjusted my mindset and started focusing on small amounts of money, like $10 and $20. You see I was stuck in the $600 account balance zone and was stumped for ideas to help get me up to $1,000. I was busy planting seeds for future earning opportunities but nothing was coming to fruition fast enough. However as soon as I raised my attitude and started focusing on breaking the $700 threshold by looking at ways to save or make smaller amounts, a powerful shift happened.

Before I knew it I was finding coins and notes in handbags, I even found a $20 NZD note, I did some more online surveys at $30 and $20 each. Then some small dividends came in, I also cut back on my groceries by using cheaper products and making my existing supplies last a bit longer. It only saved me $15, but it was worth it and it got me from $785 to $800. Then Woolworths gave me a free delivery, which saved me another $12. I also made a bigger effort to take my lunch to work as I had previously been a little lazy. Before I knew it, I was back building momentum again and ended with a bang, in deciding to sell one of my handbags that I rarely use. That got me over the $1,000 threshold and left me with $258 to roll over to the next $1,000.

So this money I am investing in an Asian ETF, providing me with further international diversification but focusing on Asia. With this being a more capital growth inclined investment over income, my estimated passive income only goes up by $25 p.a., but this income should grow over the long run with the capital growth, so that suits me perfectly as this is a long-term strategy. So my total estimated passive income is now $4,415 p.a. meaning that I am 63% of the way to achieving my end goal for this round and seeing that I am already 25% of the way towards achieving my next $1000, I have a feeling with this new awareness that my next $1000 is going to happen sooner than I realise. Feeling excited already.

xCC

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