BlogBrowse over 600 articles on money and productivity.
Your credit score can tremendously impact your day-to-day life.
For Example, your credit score can affect everything from obtaining a mortgage to getting a new job. This is something that most people know. But what everyone doesn’t know is how exactly your score is calculated.
The reason that this isn’t common knowledge is because the credit bureaus do not tell you exactly how they calculate your score.
Even though we do not know the exact equations used, we do know what factors can have a tremendous impact on your credit score. For example, settling your debt can impact your credit score.
Let’s see exactly how debt settlement affects your credit score…
Small progress over time leads to huge results.
Gradual increase + persistence = new habits. It’s that simple.
Small habits might not seem life-changing at first, but when you look back, you will see something amazing.
You will see huge progress compounding over time.
That’s exactly how you measure your goals. Looking backwards.
The past gives us all the information we need and it tells us what we need to change.
Let’s look at how to effectively measure goals and see our progress…
There are many ways to get all your accounts in one place.
There are also ways to automate your budget.
Mint.com comes to mind.
Your bank may even offer online banking that budgets for you and allows you to add outside accounts to your dashboard.
That’s all great. I love automation. But I’ve found the cream of the crop.
All your accounts in one place? Check. An effective automatic budgeting system? Check. And that’s not all they do.
Personal Capital is great for budgeting, but it’s really great for investing!
Let me show you what sets Personal Capital apart from the rest…
I have made some huge money mistakes.
I want to tell you about them, in hopes that you won’t make the same ones.
Mistakes are a great teacher. It’s always best to learn from someone else’s mistake if possible, but there is value in our own mistakes.
That is, if we do actually learn from them.
In this series, I’m going to go through my biggest mistakes. They are big enough to be separated into different parts, which is…kind of sad.
This is my experience with network marketing. (which obviously wasn’t too great, since it’s on my biggest mistakes list)
I’ll explain what happened, why it happened and what you can learn from it…
Do you ever feel pressured by time and end up making a hasty decision that you later regret?
Chess Grandmaster Garry Kasparov taught, “Always keep ten extra minutes on the clock, or you will end up making rushed decisions.”
High level chess games are always timed.
Having time pressure keeps the pace of the game moving and forces players to make a decision.
Have you ever read an article on productivity and thought it would be great for someone without a family, but with a family, you couldn’t really implement most of it?
I’ve been married for almost 9 years. My wife and I have 4 kids. I’ve been there before.
I’m always looking for ways to increase my productivity, but I admit, it’s not very motivating to read an article about having a 3 hour long morning routine.
Don’t get me wrong, that sounds awesome! And I would love to that, but unfortunately, I work, spend time with my family, exercise and, oh yeah…sleep (when I’m free to do so).
I don’t have 3 hours for a morning routine and as much as I would like to, it’s just not going to happen right now.
That doesn’t mean we can’t be productive. I’m very productive and so is my family.
I have found some things that work. It’s possible to be productive, even with a big family.
Let me share what has worked for me…
Have you ever heard of The Slight Edge?
It’s a book, but more importantly, it’s a concept. A very successful concept, I might add.
I’m not going to take all day to explain what it is…
The Slight Edge is the idea of making small changes and small progress over a long period of time, which leads to extraordinary results.
Now, there’s more to it than that, but that’s the “nutshell” explanation.
Let me explain exactly how it works, how it’s applied and how it can make you rich…
If you want to own a home but just can’t seem to get the capital together for a down payment, don’t have the income to carry payments or don’t have the credit history to get the loan, you might consider purchasing it with a friend.
Two incomes are certainly better than one, and you’ll probably have a better chance if you have another strong candidate applying with you.
People buy houses with friends all the time, and while there is nothing inherently bad about it, you should consider a few things before taking the plunge.
I came across 9 thing to make this your most productive week ever.
Who wouldn’t want to make this week the most productive week ever?
Doesn’t that just sound awesome? It’s actionable. It’s applicable.
I wanted to make sure these ideas were all as effective as they sounded.
So I tried this entire list for several weeks and got some awesome results. I included a small note after each number to tell you exactly what I learned about each one.
At a bare minimum, you must try #8. This was an eye opener for me.
Now it’s something I add to my schedule every week…
When I see a book about making money, I’m tempted to buy it. Every time.
I’m always interested in finding ways to earn extra cash and I like to find new ideas to write about.
I’m even more of a sucker for books about making money from home.
Who doesn’t want to know more ways to earn money sitting in their pajamas, instead of commuting for hours a day?
I’ll be honest, I’ve read some terrible books about working from home. In fact, it seems like most of the books I’ve read about working at home were exactly that…terrible.
I’ve seen tips like “start a business” or “create a website”. Wow, that’s a great idea, except they didn’t explain how to do either one or where to find more information about getting started. It’s way too generic and broad.
Finally, I’ve found a breath of fresh air in a sea of money-making mysteries. In other words, I’ve found a darn good book about earning money from home…
You may think the key to having more money is earning more money.
But before you get a 2nd job, you should look at your expenses.
What can you cut? What can you eliminate?
In America, we are famous for labeling our “wants” as “needs”.
So, which areas should you be cutting back on?
To start, here are some ideas to save on communication, food, utilities and insurance…
Cloning simply means to create duplicate of anything.
The term IT Cloning was derived from the biology term “cloning” where clone of any animal can be created using any particle of the animal.
But IT cloning refers to the duplicity of any website or application in terms of its design and functionality.
Clone websites don’t use the code of the original one. Developers design it from scratch using their own code.
IT cloning has become very common and it can be seen in our daily life, with companies like Airbnb & Wimdu, Flipkart & Snapdeal, Alibaba & Amazon, Snapchat & Bolt, Whatsapp & Telegram etc…
Now the question is “How are clone websites more benefited than original websites?”
I think a real life success story can explain it in a better way…
October has been a huge month for MoneyMiniBlog.
hoping you’ve noticed the fresh new look.
The re-designing process was a lot of work, but it was worth it.
I’ve been doing more than just working on this new design.
I’ve been writing a new book, creating even more great content on money and productivity and, most importantly for this article, I’ve been reading articles from all over the web.
Allow me to wrap up October’s best articles on money and productivity and put them together for you in a nice little package…
Do you drink coffee everyday?
If you’re over 18, you probably do. Statistically.
Over 50% over Americans (over the age of 18) consume coffee on a daily basis.
You may be the kind of person who gets cranky when you don’t have your coffee, or you may be able to go without it.
Either way, if you drink it everyday, you are sabotaging yourself from the benefits you could be getting from that age-old energy booster known as caffeine.
Here’s how you should be doing it…
Should you save for your children’s education?
A better question is “should you invest for your children’s education?”
There is a simple cut and dry answer here…it depends…it’s really up to you.
Did I say cut and dry? Forgive me.
You are not obligated to pay for their college. It’s not your responsibility as a parent.
However, it is nice to be able to help them out. Here are the best ways to do it…
Some people are planners and some aren’t.
Which are you?
Chess players are counted among the world’s greatest planners as they not only have to think many moves ahead, but have to come up with alternative plans if their opponent doesn’t move as anticipated.
This advance planning is similar to the strategic thinking needed in order to stay ahead when the financial markets don’t behave the way you hope they would.
Even if you’re not a chess player, chess can teach valuable financial lessons and help you become the grandmaster of your money…
We all have our habits. Positive and negative.
Habits are like compound interest. They can be our best friend or our worst enemy.
So, how do you create positive habits?
How do you get them to actually stick?
Here is the most effective way to create and stick with new habits…
I have a friend who owns a farm in Missouri.
Actually, he owns a whole bunch of farms. Thousands of acres.
We will call him Gary. Because that’s his name.
Gary has taught me so much about money.
Some intentional, but some of most valuable lessons were things that he wasn’t actually trying to teach me.
Here is what I have learned from Gary and how we can all apply it…
Investing is not a science: it is not possible to put your portfolio on autopilot and just watch your money grow, Grow, GROW.
There is no one fixed, guaranteed path that leads to investment success.
However, there are certain paths that will lead to guaranteed failure.
Before you know what to do, you must first know what NOT to do.
I’m going to go over 4 common mistakes the investors make…
The average person spends 9 years of their life watching TV.
That’s just from watching TV a few hours everyday.
But that’s not you, right? I mean, you don’t spend hours and hours in front of the TV.
That’s unproductive and a waste of your time…and you know it.
But what about Facebook? We spend 700 billion minutes on Facebook every month, across the world.
And then considering that we spend 174 billion minutes on YouTube each month, it’s hard to imagine that there is any time left. I think we all remember the first time we logged onto YouTube. Those suggested videos in the sidebar will get you…and keep you…for days.
As you will see in a moment, I used to waste hours everyday without even realizing it.
Here is how I figured out where my time was going and how I took control of it…
Who doesn’t love shopping on Amazon?
It’s hard to beat the prices, but what if I told you that you can do better?
I’m not talking about shopping somewhere else.
I’m talking about better deals where you already shop. On Amazon.
Here are 9 tools to become a master shopper on Amazon…
Are your student loan payments too much to handle?
Don’t worry, because you’re not alone.
As of December 2012, only 54% (20 million) student loan borrowers, out of 37 million were actively repaying their student loans.
If you’re overwhelmed by your student loans and need to lower your monthly payments, here are 5 student loan repayment programs that can help:
How much time do you spend dealing with email? Too much?
You really don’t have to. Don’t let email steal your time.
There are ways to get organized and decluttered. And there are great tools out there to help you along the way.
Some things you are doing may be completely unnecessary and you can just cut them out all together.
Read on if you’re tired of letting email steal your time…
MoneyMiniBlog 2.0 is here!
Every Monday, I’ll post an article to help you with your finances.
Every Thursday, I’ll post an article to help you be more productive.
Also, be sure to check out my new about page, while you’re here.
Let me know what you think of the new design and layout.
I’ve been putting together a list of the principles that this blog is founded on. Without further ado…
These are the 20 financial principles I’ve compiled over the last year…
If you’re like me, you are always finding ways to be more productive.
Increasing your productivity is one of the quickest ways to accomplish your goals.
If you want to get better or learn about something new, you will need to “buy some time”.
We all have the same amount of time in a day.
It’s about how we use that time…
“Education is what you get from reading the small print; experience is what you get from not reading it.” -Lonnie Rashid Lynn, Jr.
Insurance is filled with small print and big consequences.
Sometimes it’s about reading between the tiny lines.
Nobody likes reading it, but it’s important. Why else would they make it so small?
Insurance policies are fun, right? Sure they are…
Well, at least the good news is that we don’t have to read them very often.
So why should you be reading them? What should you be looking for?
There’s no debating the fact that being self-employed offers quite a few benefits you just don’t get with a conventional job.
You don’t have that pesky boss looking over your shoulder all the time, you get to make your own decisions about the direction of the business, and if you work from home you don’t even have a commute.
Of course, there are always negatives to balance things out, and with self-employment getting a mortgage is often one of them.
However, just because you’re self-employed doesn’t mean you’ll never be able to get a mortgage.
It just means the rules are a little different…
As of 2012, the average amount of student debt accrued by graduating students reached nearly thirty-thousand dollars.
For these graduating students, debt is a fact of life that they’ll be dealing with for around a decade after leaving their old alma mater.
Student debt can be prohibitive for many students, and the snowballing interest of forbearance makes it a highly unappealing option.
However, there are ways to brace yourself, or avoid payment entirely, by planning ahead when it comes to how to manage student debt before it becomes a problem.
Here are three strategies to consider when a future of student loan payments is just around the corner…
The Real Estate sector may have suffered greatly due to recession.
But that’s all in the past.
Now that the economy is stable, many are now looking forward to investing in a new home.
This is why now is the time to consider working for the real estate and construction industry.
Not an engineer or architect? No worries!
You can still make money in this market by setting up your home inspection business. Want to know how to do this? Read the steps below…
When you hear about the financial aspects of the military, you won’t get far without hearing the word “benefits”.
As we all know, the benefits range from pride in serving your country all the way down to your food allowance (BAS).
Why do we hear so much about the benefits?
Because the base pay isn’t that impressive, but once you add in the benefits, military pay doesn’t look too shabby.
The benefits go outside the realm of health insurance and allowances.
Let’s look at some benefits that the military has to offer that aren’t mentioned quite as often…