A long-time acquaintance in financial straits asked for my help in revamping her money status. I’d love to! The first tip was well-received: apply for disability benefits. She’s been medically eligible for as long as I’ve known her, but has stumbled along through endless short-term gigs instead, each one exacerbating her symptoms. Kudos to her… Continue reading Step 1a: No Cheating!
It’s true for those hypercapable, disability-free folks too, but what makes me the most money, by far, is patience. A deep, quiet commitment to allowing the optimal process to complete. Four months for the bank to open that independent investing account. Six months for the college to process the grant application. A nine-hour drive, and… Continue reading Patience: The Million Dollar Trait
“I’m diagnosed with schizoaffective disorder (essentially bipolar and schizophrenia combined). I actually manage my money really well for the most part. The only time I don’t is when I’m manic, at which point I sometimes experience the characteristic ‘extreme overspending’. I can follow this phase by giving everything away. This leaves me in debt, with… Continue reading High Spending During Manic Episodes (Canada)
Because it helps out my kid and me in multiple ways, I created a disability trust for us. What I didn’t know beforehand was that a trust is its own legal entity, thus has its own tax number, requires its own tax return…and has its own tax return deadline. Surprise! The conundrum? The government is… Continue reading Free Money Step 4 (3 Minutes)
Joon, I live in New York City which, as everyone knows, has a very high cost of living. I live in a pretty awful area of it—constant noise, daily aggression, strong smells—because that’s what’s affordable to me. My dream is to live in a quiet apartment in a safe area, and to save aggressively toward… Continue reading Case Study: Supporting Two (Other) Struggling Adults
During a conversation with a new friend, I mentioned that my child participates in an autism-specific resource. Since autism is often invisible, my acquaintance was shocked to learn my son had a disability at all. But he was upset only that my son’s experience had been “labelled.” I noted I was super happy that it… Continue reading The Life-Changing Art of…Labelling??
When I was broke, I had few options. Simple as that. When the person I was married to beat me up, I could not pay to stay in a motel so had to stay in a shelter that hosted almost as much daily threat. When the disability office cut off my payments due to an… Continue reading How I Pay For My “Free” Health Care
An individual development account or asset development account helps an individual gain extra cash. Basically, you put some money in and a third-party matches it. For example, a program might offer $3 for every $1 you save in the account (up to a limit). Bonus: These savings accounts are often exempt from calculations of total assets,… Continue reading Too Good To Be True? Asset Development Accounts
My nine year old is eligible for a disability savings plan that will grant him $10,500 per year for his long term disability needs. I don’t think I’ll apply, though, because I’m sure he’ll be able to work. One of the most common reasons I see for people avoiding a disability designation is this: They… Continue reading Does Disabled Mean Unemployable?
“I am 33 years old and designated disabled by BC’s welfare program. I just received an inheritance of $27,000 and am afraid welfare is going to take it all. Is there anything I can do to keep it and my benefits? I’ve gone without a lot of the basics for a long time, and really… Continue reading Example: Adult With Disabilities in BC