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Hey everyone, I’m Josh…You may know me from CNA Finance, Modest Money, and several other personal finance blogs around the blogosphere. However, over the past few months, I’ve really changed my focus. Simply put, the community has really taken care of me. I live well, eat well, and enjoy the simple pleasures in life. Unfortunately, that’s not the case for way too many people in our community. So, this year, I’ve decided to focus on helping those in need.
Over the past month, my fiancé and I have started what we view as a movement, called Under The Bridge. Our main goal is to change the way we see the homeless community. The bottom line is that while these people may have some past issues, they are human and deserve love and respect.
And here’s what you can do…
A friend of mine told me about a business opportunity.
It was supposed to be “the online Walmart” (this was before Walmart had the online Walmart.)
A superstore filled with every product you could imagine. But there was a difference. This website would pay you to shop there.
It was like a loyalty program that actually paid you cash money to shop at their store.
In the pitch, I remember the speaker saying “if you could shop at two different stores for the same price, but one of them handed you a $5 bill every time you were finished shopping. Which store would you choose?”
I think the answer is obvious and I was sold on the idea, but just when I was ready to sign up, something unexpected happened…
When you’re trying to get good at something, always learn from the best.
Whether you’re just getting started with investing your money or are already a well-seasoned and sophisticated investor, you could always do with a few lessons taught by some of the best of the best in the financial world.
When most people start investing, their journey often begins with reading up about Warren Buffett. Buffett’s compounded annual return of about 20% over the course of his 50-year career, as Berkshire Hathaway’s chairman, is the stuff of legends.
But he isn’t the only one on the rich list who has made his fortune solely off the back of investments made over the years.
There’s a growing number of hedge fund managers whose talents have not only made them enormously wealthy, but also landed them on the prestigious Forbes Rich List. Many of these managers are billionaires and their investment styles vary greatly from the long-term value investing mantra of Buffett.
Here’s a list of the top 5 richest hedge fund managers and the lessons you could learn from them…
When my wife and I first got married, I was lazy…I mean really lazy.
It wasn’t just that I didn’t wash dishes or do laundry…I didn’t even take my dishes to the kitchen and my laundry piled up on my floor.
It wasn’t that I was busy, I was just lazy. You know the drill: TV, video games, internet, repeat.
Now, I work full time for the military, run 15 miles per week, lift weights 5 hours per week, write for an hour each day and still manage to help my wife with the dishes and the laundry. Did I mention we are a family of 6 and family time is also very important to us?
So, what changed? Did the military instill this discipline in my life? Not really…
Heart disease is a killer. So is type 2 diabetes.
Anyone can get these diseases, but you can greatly reduce your chances by eating a healthy diet.
So then why don’t we all eat healthy meals every day?
Well first off, because fatty, processed, high-carb food tastes great, despite how it makes you feel.
But it’s also about price, right? Eating healthy is expensive. But it doesn’t have to be.
Our family of 6 spends less than $400 on groceries each month. It wasn’t always like this, it takes strategy and planning.
Here are some unique things we have done that you can do too, to eat healthy and save money…
Every time I read about creating new habits, the term “daily habits” always pops up.
You’ve probably heard it before…
“You must do this habit every day to make it stick”.
“Your new habit should be a daily practice“.
I always had the question: “Does that really mean every single day?” Even weekends and holidays?
I’ve finally figured out the best way to approach new “daily habits”.
Let me share what I’ve learned…
I am rich. Like really rich.
Am I a millionaire? Nope. Not even close. So how am I rich if I’m not even a millionaire?
Let’s start with what “rich” really means. Here are the first couple definitions:
1. having a great deal of money or assets; wealthy.
2. plentiful; abundant.
Obviously the definition is subjective and open for interpretation, but I think it’s reasonable to use percentages here.
So who would be considered rich? The top 30 percent? The top 25 or 20 percent? 15?
Let me show you where I’m at, where you are and how we should approach about giving…
Nearly half of Americans make New Year’s resolutions, but only 8 percent of us keep our promises, according to a survey by the University of Scranton.
Top reasons (excuses) include lack of money, lack of opportunity and – almost everyone’s sticking point – lack of time.
If you’re determined to realize your goals this year, check out some frugal ways to achieve the top ten resolutions…
Reading is one of the main ways we grow and learn.
Do you want to figure out one of the key to happiness and overcoming life’s crap?
Stop taking yourself so seriously. I’m serious.
If you’re serious about your goals and your dreams, it will serve you well to relax a little.
I’m not telling you to lose your discipline or stop pouring yourself into your life. What I am telling you is that it’s ok to have fun.
What am I talking about? Let’s start with your finances…
One of my biggest woes in life is the money it costs me to keep my car ship-shape.
It seems every time I take it to a workshop, they find things wrong that I never even heard of. Things that end up costing me money I hadn’t planned spend—not now, anyway.
So I figured there had to be a better way to do basic repairs, and save not only the cost of the materials and labor but also the “extra” things mechanics always seem to uncover.
Here are 5 easy at-home car repairs…
We all want to read more, but it’s hard to find the time.
Do you know what could be the most influential part of your finances?
The thing that causes you to spend money and save money. The thing that can easily put you in debt.
Possibly the most common marketing tactic in the world.
Do you know what it is? It’s fear. Often fear of the unknown and, more often, fear of things that never actually happen.
Are you letting fear control your finances? You may not even realize it.
It’s time to stop letting fear spend your money for you.
Let’s look at how fear can control your finances and how you can take control…
Nearly 3 billion coupons are redeemed each year.
And it’s not just for electronics, clothing and household products.
Look hard enough and you can also find discounts on things you never imagined have discounts (or need them).
Here are 12 of the more unusual picks:
This is my favorite time of the year, as it is for many of you.
Today, I figured I would lighten the mood a little bit.
We’ll get back to improving our finances and productivity tomorrow, but for today, it’s a time to relax, appreciate and enjoy everything we are blessed with.
Spend time with your family. Get stuffed with Christmas dinner. Give freely and enjoy this interesting infographic…
We all have our opinions about millionaires and the rich.
I’d like to challenge some of those opinions and show you some things you might not know about millionaires.
It’s not about luck, fancy lifestyles or greed.
It’s about developing a mindset that sets you apart from the rest.
Here are 10 game-changers that you didn’t know about millionaires…
American citizens who live abroad are known to face some rather unpleasant financial surprises when they get back to the US.
While spending responsibly when outside the US, their lack of U.S. credit activity often deprives them of new credit cards or loans being issued to them.
Opening a bank account can also be really tough.
American expats tend to be completely unaware of how they should manage their existing credit cards while they live abroad, and there are few identifiable mistakes they usually make.
Here on some of the mistakes expatriates make when using credit cards…
“We are what we repeatedly do, excellence then is not an act, but a habit .” -Aristotle
Discipline isn’t about the choice to do or not do something.
It’s a choice to take control of your own life, instead of letting someone or something else do it for you.
That’s why Napoleon Hill said:
“If you do not conquer self, you will be conquered by self .”
It is possible to create discipline and become a disciplined person.
It’s not genetic and it certainly isn’t something that always comes naturally.
Here’s are 4 important things you need to know about self discipline to create more in your life…
“I believe in science.” -Esqueleto, Nacho Libre
I’m all about science-backed productivity.
From how habits are formed to the time of day we are most productive, I think science plays a huge role in helping us become more productive.
That’s exactly why I think it’s important to see some actual studies and how they pertain to your productivity…
Have you ever thought about owning rental property?
Perhaps you’re interested, but you’re worried about high maintenance costs and destructive tenants.
That’s a common thought and a common worry. And there is a way around it.
Yes, you can invest in income property without actually being a landlord.
It’s called seller financing and it could work for you as a seller or a buyer…
We always hear that some people have just made a huge profit on certain type of investment and think if we could make the same kind of money, too.
It is all good dreaming about how good you would be and how much money you would earn. However, some people make money regardless of markets going up or down.
They actually can make even more money when the market is crashing if they know when to short certain stocks as we discovered in recent crises with banking stocks.
When it comes to investing in classic cars there are a few obvious potholes anyone can fall in…even the seasoned dealers. They are easy to fall in love with, be sentimental and being cars, they have many associated problems.
Here are 5 tips to help you decide if you would be a good classic car investor or it is not definitely for you…
Are you intentional about creating new habits? You should be.
Building positive habits is one of the most powerful disciplines in the world.
Large results are created through the building of small, consistent habits.
But how do you build a new habit if you don’t have any time to spare? You know, if you think you’re “too busy”.
Everyone is busy and most people think they are too busy to add something to their life. They’re not. And you’re not.
Here’s what has worked for me, and it has also worked for many influential leaders…
There are many tools to help your find the perfect credit card.
Some of those tools cost money, this one is free, but there are other free tools like this.
So, what makes it so special?
It’s more than just a tool, it’s a goldmine of resources on finding credit cards, improving your credit, fixing mistakes on your credit report and ultimately helping your get the best credit score possible.
So let’s dive in…
This is my last mistake.
I’m sure that’s not true, but it is my last mistake in this series. For now.
So, this is a mistake that I made and it’s likely a mistake you have made. An overpriced vehicle.
Or…financing a vehicle in general, but specifically paying way too much in the first place.
For us, it was a 2003 Chevy Blazer and we paid more than anyone ever should have paid for it.
Let’s look at the mistake, why it happened and what we can learn…
I have two personalities. My night self and my morning self.
Sometimes we don’t get along.
When my night self decides to stay up a little later, my morning self isn’t too happy.
My night self goes to sleep thinking about all of the great and productive things I’m going to do in the morning.
But sometimes my morning self wakes up thinking my night self is an over-achiever and I should just go back to sleep.
Sound familiar? Here is how I am able to combat my morning self and get stuff done…
Mornings are my favorite time of the day.
I can get more done in the first 2 hours of the morning than I can in the next 8 hours of the workday.
Since I’ll be publishing an article tomorrow on successful mornings (I’ll even be sharing my morning ritual), I thought it would be appropriate to share this awesome infographic today.
Let’s quickly go over a few key things to morning time…
It’s time for another mistake.
Actually, I’m not planning on making another mistake, this is a mistake I already made.
Last time, I wrote about my failed ventures in network marketing. today we are talking about a money mistake I made in my first year of marriage.
My wife and I decided to join a wholesale warehouse. Direct Buy to be exact. Maybe you’ve heard of it.
It cost us a lot of money (I’ll tell you how much in a moment), but I’m still glad we did it, here’s why…
Most youngsters think that they do not require life insurance, and hence, they ignore it.
They neglect the benefits it offers them because they feel it’s not meant for them, so they simply take it because of statutory tax deductions.
It is okay for them to feel that way, especially if they don’t have familial responsibilities.
However, they should remember that there are different impacts when they take this type of policy during the different stages of their lives.
A life insurance policy offers you more benefits when you take it at the age of 40 as compared to when you take at the age of 25.
A 20-year life insurance policy that you take when you’re 25 years old would greatly help you during some days when you have financial needs when you are 45 years old, such as the higher education of your child. However, the same policy may not be very helpful to you when you are in your 60s if you take it when you are 40 years old.
The following is an analysis of the best time for you to take life insurance…
What is a self-development blueprint?
It’s simply a game plan or a blueprint for improving your life and yourself.
We’re constantly growing and learning. It helps to make a plan. Learning is much more effective when it’s strategic.
Are you reading books, listening to audio and watching videos? Most of us are.
Are they getting you closer to your goals? Let’s start working on your game plan…