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The addition of another family member brings new personal and financial realities into focus and as you embark on this life-long journey, having your finances well managed and your financial investment well planned will be assurance for the present and a foundation of confidence for the future…
Money isn’t what really matters.
Sure, you need money to accomplish some of your goals or to make your life better…or at least you think you do.
We all think we need more money, more stuff. But money is just money. Stuff is just stuff.
We all know material items aren’t what’s really important.
That’s easy to say, but how do you actually live it out? It’s hard to say “it’s just money” when your only car breaks down and you have to spend $2,000 on a new transmission. It’s hard to say “it’s just money” when you might not have quite enough for the rent this month. Likewise, it’s hard to say “it’s just stuff” when something valuable is stolen or when something you just bought gets messed up.
As I was preparing this article, an interesting thing happened that really challenged me on this…
You budget your money because it’s important to keep track of it.
You know the importance of tracking. You’ve seen how a dollar here and there can really add up.
What about your most important asset? Your time. It’s not replaceable like money. When it’s gone, it’s gone.
Do you know where your time is going as well as you know where your money is going? You’re about to.
Here’s how to budget your time like you budget your money…
Happy Veteran’s Day! And a big thanks to everyone in our military who are serving or have served.
This post is a little out of character for me, since it’s not about money or productivity. It is, however, about an important topic.
As an active duty military member, I have had many people ask me what the difference is between Memorial Day and Veterans Day. People often get them mixed up, or think they’re basically the same holiday.
I just want to take some time to explain the difference between the two holidays, and to explain what a veteran is…
“You’re a writer? How do you make money?” “Don’t you need a real job?” “How do you pay your bills?”
Writers have heard it all before. Everybody wants to read the newspaper, online articles, blogs, and books. But when you tell someone you want to write those things, they look at you like you’re crazy. It’s easy to understand why.
Writing seems like a romantic notion, but so many people seem to fail. Perhaps it’s because those people don’t know how to get started. There are so many places online just waiting for you to sign up as a writer. You can write blog posts, articles, or stories. You can become a freelance copywriter or ghostwriter. You can edit or proofread. And that’s just to tip of the iceberg.
If you’re new to writing and can’t quite find an audience, or if you dream of quitting your job to become a writer, then fear not! You can absolutely make it happen. This list will give you a place to start.
Cash or credit? What do you use?
I’m a fan of Dave Ramsey, but I don’t think everyone has to be stuck using only cash.
I’m a fan of credit card rewards, but I don’t think everyone is responsible enough to use them.
So how do you really decide whether to purely use cash or whether to get some credit card rewards?
Here’s how you can decide for yourself…
Email can steal more time than almost anything else.
When you’re going through email, you’re on someone else’s agenda. You’re responding to their needs.
Sure, you wouldn’t be doing it if you didn’t get something out of it, but most of the emails you send are answers to other people’s questions, and responses to their needs. Even if you’re sending a decline, that still takes time.
I’ve written about email hacks before. I shared some important tips, so let’s do a quick summary and then get into three more tips that I’ve developed to stay in control of my inbox…
In 2015, the millennial generation is 18 years old at its youngest and 34 at its oldest. More than one-in-three American workers today are millennials and are now the largest portion of our workforce according to the Census Bureau.
For many of us, leaving home, starting college, or being a twenty-something is a time to enjoy being young and learning our independence. Even the older millennials can relate to making some mistakes during that transition.
As young adults trying to navigate through this new area of life, there are some financial blunders that are common for our generation that we should work to avoid.
How much tax do you pay?
In America, it’s typical to pay about 50% if you include your income tax and all the sales tax you pay.
Of course, some people pay more, others pay less. Those in poverty often pay little to no income tax, while many rich people evade taxes through legal loopholes in the system. Therefore, the middle class is often left with the bill.
I’m not complaining, that’s just how it goes.
As a middle class American, you may be surprised to find out that you still pay less tax than much of the world.
See how you stack up in this infographic…
Stuff. It’s everywhere.
You have stuff you don’t use or need, and even stuff you forget you have.
Most of us have so much stuff that going through our garage is like shopping at a thrift store. All of the “oh yeah, I forgot about that!” and the “when did we buy this?”…you may even find that you’ve bought stuff that you didn’t even realize you already had.
The point is, you need to get rid of some stuff. Sell, donate, trash, or whatever…you need to declutter. That’s why you’re here.
Here’s a great method I’ve been using to get rid of 323 items over the last couple months…
So you’ve decided to start budgeting. Good. The first step to recovery is to admit there is a problem.
Honestly, creating your budget will be the easy part. As you sit down and assess all your numbers, you will begin to realize where you are wasting your hard earned money. A feeling of disgust will rush over you as you analyze each dime spent and recognize you could be saving a lot of money each month. If you only knew that all of the coffee stops and weekend adventures would eat away at your bank account. It is astonishing how much we continue to withhold our own financial information from ourselves.
Now you have decided to start a budget and take control of your finances. Frugal spending, wise saving and cutting back seems easy, and it can be. But just like any addiction or habit, controlling the emotional aspect can seem to be the biggest challenge. While you are budgeting you will be traveling a winding road of emotions. Some with the intention of derailing your budgeting efforts.
So let’s take a look at what you can expect emotionally while embarking on your budget expedition.
We all know that discipline is about small habits, practiced consistently, over time.
So what’s the problem? Why is discipline hard?
Because, while those small habits are super easy to do, it’s just as easy to not to do them.
These small habits will help you reach huge goals, but…”there’s always tomorrow”…”I’ll start on Monday”…you know how it goes.
Sure it’s easy to not do it, but you’re about to have a plan. A plan of discipline that you’re going to stick with. So we’re done talking about not doing – it’s time to talk about doing.
Do you think that financial experts can always manage their credit cards smartly? If so, then you’re dead wrong.
Here’s my story to clear your misconception.
There was a time when I didn’t manage my credit cards and finances carefully. To make the matter worse, I got a job after completing my studies. It gave me an opportunity to spend even more and incur debt. Now, when I look back, I realize that I wouldn’t have incurred debt if there was no job.
The holiday season is almost upon us, and with the arrival of celebratory occasions comes the added stress of spending more money than usual. Make sure your holidays are affordable this year and use these money-saving tips.
The rich keep getting richer, and the poor keep getting poorer. Right?
You’ve heard that a thousand times. It’s not fair, is it? Some people just can’t get a break.
Well, that may be true, but it’s not that simple.
So why are some people rich and others poor? Why do some poor become rich, while some families stay poor for generations?
The promise of a college degree is enticing. It’s a sure way to advance your career and gain more knowledge while expanding your network. But college degrees get more expensive each year making the thought of being a college graduate out of reach for many.
Potential college-goers are easy prey for scammers who offer attractive loans and scholarships that make the college dream seem affordable. With more sophisticated means of taking your money under the guise of offering student loans, you need to be smart about who you give information to and what you agree to in your loan search.
Student borrowers are also subjected to scammers who promise to eliminate student loan debt. Some companies engage in deceptive marketing practices and illegally charge customers hundreds of dollars to reduce or eliminate their debt.
A typical scam follows a pattern like this…
We all know that positive language provides better results than negative language, but we may be using negative language without realizing it.
As Zig Ziglar says “negative people call it an alarm clock, positive people call in an opportunity clock”. Corny? Sure, but it’s also true that your words can define your habits.
Let’s take a look into some language that you may not realize is holding you back, and how to change it…
Leaving behind the 9 to 5 and starting a home-based business is a dream for many Americans today.
No need for the power tripping boss breathing down your neck, get the pay you deserve, and still manage to have time for your family makes perfect sense.
While working at home can bring forth a lot of the rewards as described above, you will have to work daily towards making your company a success.
Below are some things you should be doing to help run your home based business more effectively:
Productivity starts with one thing: your energy.
If you don’t have energy, you’re not going to get much done.
Sleep is important. Exercise is important. But a poor diet can ruin your energy levels, no matter your sleep schedule or your exercise routine.
That’s why it’s important to make sure we are putting the proper fuel into our bodies.
Here is exactly what you should eat if you want more energy…
Identity theft is a risk that you face on a daily basis provided that you own a credit card and do business online. Every time you purchase an item online, you expose yourself to this menace. Today, identity theft has been identified as one of the fastest growing crimes in the world and the numbers keep on growing almost on a daily basis. We are all experts when it comes to identity theft not by choice but circumstances. Truth is told, with identity theft, the odds are that: you, your friend or your family member has been a victim of the same.
Financial experts advise that an individual have enough money to pay for several months worth of expenses if a financial emergency strikes.
In addition, it may be worthwhile to have a credit card or other funding source handy if such a situation occurs.
This is because an unexpected expense can occur at any time whether you are ready for it or not.
See what the most common emergencies are and protect yourself from them…
Apple Inc (AAPL) is one of the strongest-performing tech stocks on the market, and the company is renowned for innovation, service excellence and high quality products. This multinational high-tech company has its headquarters in California. Apple is traded on the NASDAQ and it is a DJIA component, an S&P 500 company, and a NASDAQ 100 component. Apple Inc was founded in 1976 by Ronald Wayne, Steve Jobs and Steve Wozniak. There are some 453 Apple locations around the world, and the company has reported revenues from 2014 of $182.795 billion, with associated total assets of $231.839 billion. Based on information provided by the company, there are some 98,000 employees as of 2014.
As per an insightful study undertaken in USA several years back, it had been found that around 9.1 million women in USA has their own businesses. However there has been a 68% increase in this number since 1997. Yet, most women business owners are being rejected loans by banks for their small businesses. However, in lieu of all this, many other options have come up, such as online loans, peer-to-peer loans, government grants and crowd funding, to help these women entrepreneurs expand their business horizon. Government grants are not very popular since they consume a lot of time and work in the funding process, yet they are becoming the more used option amongst women.
It’s no secret that most people don’t know how to handle money.
Personal finance is one of the primary categories of blogs on the internet today.
That’s because it’s needed. It’s highly needed. And most people don’t even know where to start.
People don’t understand things like the stock market, mutual funds, index funds or compound interest in general. The average person doesn’t keep a budget, and they overspend on a daily basis.
I know you don’t do that, but you may still be wondering why personal finance isn’t taught in schools, and why most people don’t have a clue when it comes to money.
Here’s some insight…
To-do lists are great…except for that bottomless-pit part that you never get to.
How many things are on your to-do list that have been there for days, months or years?
There’s a reason for that, and here’s how to fix it…
With a traditional life insurance policy its typical for the entire process to take between 6 to 8 weeks from the point of the application to approval. However, recently there have been a rise in simplified issue life insurance policies that speed up the process substantially. Life insurance policies with no medical exam can offer approvals within a few hours or a few days, but what’s the catch for this type of convenience? Let’s talk about the pro’s and con’s of acquiring life insurance with no medical exam.
Who doesn’t like to travel?
Traveling is fun and exciting, but it can also be scary and overwhelming if you aren’t used to it. Especially when traveling internationally.
There are many things to know and this guide doesn’t cover everything, but it does show you the most important things that you need to know.
First, here’s what you need to do before you hit the road…or the sky…
Binary options are a relatively new investment vehicle. After all, retail binary options weren’t even available until pioneers in the industry, like anyoption, started to offer their services back in 2008. While binary options trading is relatively new, it has taken off like a rocket; and for good reason. This new trading vehicle opens the door to several new opportunities while combating some of the biggest issues associated with investing today. Here’s why I choose to invest in binary options and you may want to consider doing the same…
I love learning.
Just last week I published “Never Stop Learning: 40 Places to Get Free Education Online”.
I’m a college student. I read daily. I’m taking a course at Codecademy. I’m constantly involved in military education.
Obviously, I’m a big fan of continued education.
The problem is when we let the process trump the outcome.
When companies grow into large corporations, people start depending on them. Eventually, many other companies depend on them. If they keep growing, an entire country’s economy could depend on them.
What happens when one of these companies fail? What happens when they file for bankruptcy? Is that even possible or are they actually too big to fail?
It’s easy to see, after the Great Recession of 2007-2009, that no company is too big to fail. Here are some prime examples…