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Attending college is a rewarding and exciting time in a young person’s life. It’s a period marking your transition from childhood to adulthood and the obligations that come along with it. A critical area of responsibility necessary for this change is finances; you must be financially prepared for college and everything that comes after. Savings, scholarships and grants, and student loans are topics you need to become educated in.
A classic car can provide a number of priceless experiences and joys – tuning it, caring for it, repairing it, and last but not least, driving it! Whether you’ve had a classic car for decades or just recently acquired one, you are certainly familiar with its intangible values.
Monetary value, on the other hand, can be a lot harder to get a handle on.
There are so many variables that go into appraising the value of a car, it can get a little overwhelming. Knowing which steps to take in order to protect its value adds yet another layer of complexity.
Do you take advantage of your mornings? Or are you the type that likes to slip out of bed just in time to rush into work five minutes late?
You have about 25,000 mornings in your adult life. Make them count.
After you see these positive productive ways to start your day, I think you’re going to change your routine if you’re not already waking up early…
Student loan forgiveness has been a hot headline over the last year. The ever increasing mass of student loan debt continues to weigh on the hearts and minds of our college graduates. Today, 7 in 10 college seniors are graduating with student loan debt! While student loans are a necessary tool for some students, they should be used carefully by borrowers.
You may have seen the late night television ads preaching the benefits of student loan forgiveness. Despite what these television ads say, not everyone is eligible for student loan forgiveness. These ads are often being run by unethical telemarketers looking to take advantage of uneducated student loan borrowers. To qualify for student loan forgiveness you must meet certain eligibility requirements for federal programs. Don’t find yourself victim to a student loan forgiveness scams.
The following U.S. Department of Education programs can actually forgive your student loan debt:
Warren Buffett is constantly in competition for the richest person in the world #1 spot.
And he is self made. That’s probably my favorite thing about him. He made his money through investing just like almost everyone else.
The difference is that he is really good at it. Which is why Berkshire Hathaway usually maintains about a 19% annual return. If you don’t own any shares, you should consider it, but you’ll probably want to go for their BRK-B stock since BRK-A trades for well over $200,000/share.
Before we check out the 10 lessons in the graphic, there are a few things that stand out…
Time is like money – if you don’t tell it where to go, you won’t know where it went until it’s gone. And sometimes you won’t even know where it went after it’s gone.
In order for you to really maximize your hours everyday, you’ve got to know where your time goes, especially with the things you do day in and day out.
So before you start planning every minute and scheduling time for the most important things, you’ll need to figure out where your time is going right now. Start by asking yourself these questions…
In the modern age, getting rid of debt has various implications. There’s the simple idea of lowering bills, living a debt-free lifestyle or simply putting yourself in a position to save money. But there is also the on-going concern of keeping your credit score intact.
We live in a loan-oriented society and, for most of us, borrowing is critical. We need a car or can do better financially if we buy a home instead of rent sometimes. We want to start a business or pay for tuition to live better lives. These are not frivolous moments. A credit score is critical at important junctions in our lives.
You need some basic understanding of money to understand loans, but in the modern era it also pays to know a few tricks to helping your credit score that go beyond simply, “don’t make late payments, ever.” That’s obvious. But here are some less obvious methods of keeping credit scores healthy…
Runaway debt and credit debt is the new normal. It doesn’t necessarily occur because you spend beyond your means, but can happen as a result of your FICO score dropping whenever you apply for a lease on an apartment, a credit card account, or a car loan. The company that reviews your application will pay a fee to check your credit and these checks are not harmless, but can actually create a dent in your credit score.
Without realizing it, you may end up paying higher interest for everything because of your lower FICO score. This may actually force you to run out of money. At this point, it’s easy to fall into some heavy debt as you scramble for survival.
So, it’s a negative cycle: inquiries on your credit card may lower your FICO scores; these then results in paying more for everything because of higher interest rates. This situation, in turn, may then lead to runaway debt.
In order to arrest this negative spiral, you first have to understand how the credit scoring system works…
I found a really interesting infographic about entrepreneurship, but it seemed sexist, so I posted an infographic about the single man’s finances. Because that makes sense.
In all seriousness, I don’t find this one to be sexist. It’s an interesting comparison between men and women’s spending habits.
Over half the adults in the United States are married, but what about the other half?
This is a look into the finances of the single man. It’s also a look into the finances of the single woman. As much as people think women are known to be shoppers (you discriminators, you!), it turns out that men actually spend more than women on almost everything.
You’ll see what I mean below…
An exceptionally important document, there is now no doubt that a resume is a critical part of active job search.
It forms the basis of attaining a lucrative designation at imminent industries and organizations.
Due to the significance of this piece of paper, much advice has been rendered regarding the different ways to draft a crisp and succinct resume.
Numerous formats are floating around in the employment circuit ranging from traditional to modern, effectiveness of which depends on the target institution and available job profile.
“There are few uses for a smart phone that are more productive than listening to a good podcast.” -Abraham Lincoln
If you’re into podcasts, you know there are thousands to choose from.
It can be overwhelming to find the best ones. And how do know which podcasts are the best? Reviews? Ratings? Recommendations?
I’ve been listening to podcasts for years and I’ve listened to the good and the bad.
I could put together a list of the top 100, but I’ll save your time. Why subscribe to hundreds of podcasts when there are plenty of old episodes to go through?
Even if you just listen to few, you’ll be busy browsing the archives for months if not years. So here are the top 10 best podcasts on productivity for 2015…
Sure, you can set an automatic transfer from your checking to your savings each month, but with that you still have to set the transfer amount.
With Digit, you don’t even have to do that.
It’s an intelligent service that not only saves your money automatically, but it determines how much to save by how much you can afford. You literally just link your account and forget about it. Digit does all the work for you.
I had a few questions, so I set up an interview with the founder of Digit. Here’s what I figured out and how you can use Digit for automatic savings…
Do you have cable? If so, how much do you pay? It might be more than you think.
I have internet. You probably knew that. However, I don’t have cable. You may have known that too. However, my internet provider offers cable packages, as most do.
This month, I received a letter from my internet provider informing me that basic cable is now free. Yes, free. As long as you don’t want billions of channels, you can now watch cable TV for free. You can also get a home phone line for free, but does anyone really remember what that is?
Apparently, basic cable is considered a “need” in the U.S. now. That’s why they’re doing this. The government says people need the news, thus, people need basic cable. If that were the case, one would think they would only give you the news channels for free. I guess that would make too much sense. Either way, I’m sure everyone who is getting it for free is only watching the news anyways, right??? Yeah…I know.
When I got this letter, my first thought was “oh, we could hook it up and have basic cable” and then my wife and I started to calculate the real cost of cable. Beyond the monetary costs. You might be surprised…
You’ve graduated college, now your student loan forbearance or “grace period” will end soon and you don’t know how to formulate a payoff strategy.
For those who don’t know where to start, below are 4 tried-and-true strategies to help jump-start your loan payoff…
When my wife and I first figured out we would be making the 20+ hour drive from the mid-west to the Amish country of Lancaster County, we decided that this was going to be our most productive road trip ever.
We knew that the more things we could do along the way, the more productive the trip would be and the easier it would be for us to make the drive, especially the trek that seems like a million miles across Tennessee and Virginia.
I’m writing this article right now as my wife is driving us down the road and helping me brainstorm ideas for new articles…
Dollar stores are interesting because they make their money by charging a dollar for everything.
So that means things that are typically $2 or $3 are only a dollar at the dollar store. That also means some things that are typically 50 cents are also a dollar at the dollar store.
Then there are stores like Dollar General, which isn’t really a dollar store at all, if you’re going off the “everything’s a dollar” idea. I suppose Dollar General just means everything is generally…close to a dollar, which is more accurate, but still a little shady if you ask me.
I want to be clear that this list is talking about dollar stores where everything is actually…*drum roll please*…a dollar. Dollar stores can save you money, but if you use them for all your shopping, you may be wasting some money. Also, it’s worth noting that some dollar stores accept coupons and that can be quite lucrative, so check into that with your local stores.
Here are 15 things you should generally buy from the dollar store and some ways to save even more money…
A couple weeks ago I wrote about the most important element of your productivity.
I talked about how energy is the foundation of your productivity. Without energy, you’re not going to do much at all.
Exercise is a big part of that. But a bigger piece of the energy puzzle is your diet.
How are your eating habits? Do they promote energy or diminish it?
If you want to adopt a healthier lifestyle and start eating better, I’ve got good news! It doesn’t have to be difficult and torturous. It’s actually quite simple. If you take it slowly.
Here are 5 ways to gradually adopt healthy eating habits over time…
I’m sure you know you should always read your insurance polices carefully.
Insurance companies like to make you think they are offering more coverage than they are. They also like to distract you from reading the fine print.
In fact, some insurance companies can completely drop your coverage just because you use it.
That’s right, in certain states, insurance companies are allowed to drop you if you file a certain amount of claims within a certain time period. In several streets, you only have to make two claims before they can decide that you’re not worth it and drop you.
Those are all great reasons to watch your insurance company like a hawk, but we’re actually not here today to talk about insurance companies. Yes, be aware of all of those things, but there’s something else you need to be aware of and pay attention to: your health insurance.
Yes you need to check your coverage and read the fine print, but who you really have to watch is not the actual insurance company, it’s the places that take your insurance…
When the calendar turns to a new year, it’s time to start thinking about doing your taxes.
Many people procrastinate on this process, waiting until close to the April 15th deadline to get going. There are many reasons why it’s a bad idea to wait to file.
The smart people get going as soon as possible, and they reap the rewards of early filing.
If you’re wondering whether you should get ahead of the crowd on your taxes, here are some pitfalls of procrastinating and a few reasons why it pays to get the ball rolling right away…
I just released the top 75 books on personal finance and it was insanely popular.
Now it’s time for the “best of the best” productivity list. Yes, that’s a total of 150 books I’m recommending. I hope your to-read list is growing! I’m here to help with that.
I’ve been reading on productivity for years. Just like with personal finance, I’ve read some amazing books and some…not so amazing books.
I’ve decided to leave the not-so-amazing books out off the list. You’re welcome.
These books are not just the best books I have ever read on productivity; they are books that have changed my outlook (for the better) and helped me to achieve things I never would have believed I could do. Prepare to seriously become more productive…
There I was. 21 years old. $24,000 in debt.
I thought it was normal. I thought everyone had car payments. I thought debt was the only way of life. The American way.
I also couldn’t sleep at night, because I was so stressed. I had no plan for an emergency, other than to go into more credit card debt.
That’s when I got angry. A good motivating, driving anger. An anger that ultimately lead me and my family out of debt.
I realized that debt was controlling our life. And I wanted to be in control. So, I started reading…
A resume is essentially a document for selling your skills and work experience.
However, if you directly jump to the work experience section from your name and contact information, recruiters will lose interest in your profile and it will leave a bad impact. Therefore, it is necessary to come up with a good introduction for a resume or CV (Curricula Vitae).
We all know the importance of the competencies and work experience section for a resume. But do we ever place the same importance on writing a good introduction? The answer is usually no.
This is one of the reasons why even a well written resume and a deserving candidate get no response from the recruiter.
A good introduction to a resume is as important as dressing well is for an interview…
I’ve read articles, books, guides…pretty much anything you can think of, but I’ve noticed there’s something that gets skipped over a lot.
This is probably the most important part of productivity, yet it’s usually mentioned in a sentence or two and then forgotten.
What is this mysterious piece of the puzzle? I’m glad you asked, let me tell you…
From Warren Buffett to Oprah Winfrey, there are some common traits in the habits of the richest people in the world.
And I’m not talking about the habit of inheriting a lot of money.
That seems to be one of the main reasons people think they can’t become wealthy. They think that the rich come from rich families and they never had to work for anything in their life.
Not true. At all. In fact, most of the richest people either work or have worked harder than any of us and that’s exactly why they are where they are.
As you’re about to see, 68% of the 400 Americans on the Forbes 2013 “billionaires list” are considered “self-made” billionaires. Meaning they built, rather than inherited their fortune.
That doesn’t really tie in to the belief that the rich didn’t work for their money. Of course, as we all know, the point is to make your money work for you, but sometimes that takes work in itself!
Let’s see what we can learn from the habits of the wealthiest people in the world…
It is a sad thing to consider, but not all that uncommon.
Sometimes a homeowner with a mortgage will die before the mortgage has been completely paid off.
Since mortgages can last 20, 30, even 40 or more years, a lot can happen to a person between the time they start and the time it finishes.
If you are worried about confusion with the house and mortgage if this happens to you or a loved one, here are some things to know…
Do you have “your” chair? Your favorite spot?
A recliner, a rocking chair…the porcelain throne…
I realized that I was spending hours each month sitting in my favorite chair and using my time doing practically nothing.
So what did I do? I literally just moved the current book I was reading from the end table across the room to the shelf right beside my favorite chair.
The results? I read 5 more books last month than I planned to.
I realized that reaching reading goals has a lot to do with your environment and you have control over that.
Here’s how you can read more books by controlling your environment…
There are few topics that have as much written about them and as much contrasting information as investing.
Just knowing that is enough to scare most people away from investing at all.
Is it really that difficult? Do you really need to devote years of your life to studying the most efficient way to invest?
It would seem that way, but in reality, not at all.
The problem with most investing advice is that someone is profiting (or attempting to profit) from it.
Investing is actually much easier to understand than you may think.
You’re about to learn everything you need to know to be a successful investor…
If you’re a freelance worker of any stripe — writer, consultant, artist, contractor — you’re likely in the habit of keeping a close eye on your finances.
Personally, I ran into major trouble the first year I filed my taxes as an independent contractor. I felt intimidated by the level of organization required. Not to mention the jargon. “Schedule C?” “Pension distributions?” Uhhh…I’m a 25-year-old child over here, okay?
Doing my taxes was a breeze as a “regular” employee. Fill in the blanks, a couple quick calculations, stick a stamp on it: done. I learned I wasn’t alone (90% of taxpayers need help when the season rolls around). More importantly, I realized everyone has to start somewhere.
I’m definitely still learning, but there are a couple of things I’ve picked up along the way…
Let me guess. You have a to-do list and you add to it everyday.
You promptly go through each item and check it off, one after one.
By the end of the day, your list is completely empty and awaiting whatever tasks tomorrow holds.
Not so much?
Since you’re here, reading this article, I assume that it doesn’t go so smoothly. It doesn’t go so smoothly for me either.
You are constantly adding to your list and occasionally checking something off.
Enough is enough. When your to-do list is so full that you forget about things at the bottom, it’s time to change something.
Here’s how to completely clear your to-list today and start getting stuff done, without overwhelming yourself…
I love TED Talks and honestly, I don’t know anyone who doesn’t.
If you’re familiar with the TED videos, you know what I’m talking about.
They’re edifying, educational and full of wisdom.
My only complaint is that there are too many of them! Which is a very good problem to have.
I have been listening to TED Talks like crazy and I found these six that really stood out. I think they will change the way you think about money in many regards.