Financial Ponderings


financial ponderings

ITs Fun to Think about this Pondering.

I want to give you a few of the financial ponderings I was thinking of during lunch yesterday. These will never change as Americans are fully integrated into a system that is not beneficial for the average person. I hope many of you will learn a few things from reading these tidbits and just stop to think that maybe there is a better way to live life.

Granted we all take risks in life for instance if a stock you owned dropped a few dollars, and you cashed out. But if you are constantly signing on the dotted line for loan applications year after year, then you are destined to live a life of less abundance. By overspending on products and getting services above means is a lifestyle that is never good financial sense.

By discussing the financial ponderings and then acting responsibly by your money any reader will transform into a super informed financial mastermind. Who can decipher any financial pitfalls like a spelunker for the money life we all lead. If done right The ups will be tremendous highs, and the downs will be easily stress free as we can cover any emergency due to the financial smarts and cash hoard we have stashed by not being victims to these interest rate trickery by the banking institutions.

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Life Insurance in Detail

life insurance in detail

Protect your Loved Ones with Insurance

Life insurance is one of the most important insurance products for providing for your family. There are several different types of life insurance products, and you can find the one that suits your lifestyle. When you speak to an insurance agent near you, ask about the cost and advantages of the different life insurance products.

Term Life Insurance

Term life insurance covers you for a specified period of time or a term. If the policy holder dies during that period, the beneficiary receives a lump sum of money according to the size of the policy. Terms can vary from 10 – 30 years. This insurance policy typically requires a medical exam and is the cheapest option. Coverage ranges from $100,000 to $5 million and needs to be applied for with the help of an agent. There are also policies that can be applied for online.

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My High Income Investment Account

My high income investment account
I’ve always been big on investing into high yielding stocks or mutual funds. I am a big proponent in investing in something that gives constant rewards. It just makes me feel good to get new shares of my investment every month or every quarter for doing nothing. This is where my high income investment account comes into play.

In the future this high income investment account will hopefully sustain my retirement needs when I no longer desire to work. Another reason I am going this route is to set up my very own high yielding mutual fund, but with more risk. This will hopefully provide greater returns in the future.

On average over the last 10 years, mutual funds have only averaged a dividend yield of 2-3%. But with these individual stocks, depending on the price you buy it at, and with the consistent yearly dividend increases, I know I can have a 7-10% yield on cost investment.

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Not the Average Definition of Stuff

Not the average definition of stuff

Do you find that your house is full of stuff that is just lying around, for the most part unused and collecting dust? This is unfortunately the norm for most Americans, because we love to buy, purchase, acquire, and lastly procure stuff.

Hey everyone all of that stuff will not make you happier, it just takes up space and energy.  I will show you a few awesome, not the average definition of stuff, to make you laugh.

In 2014 the average American adult is predicted to spend about $700-800 dollars for Christmas gifts aka they will give away a bunch of stuff to friends and family. When you multiply this amount as a nation that figure is around 600 billion dollars. (Begin awkward hand clap)

After you read these, you might think to yourself I really don’t need all this stuff and can now focus on living a simpler life.

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Milestones Achieved in 2014

milestones achieved in 2014


Happy New Year! Hello friends if you are reading this you will soon learn of all the milestones achieved in 2014. I want to do this every New Year as a way to remember what I accomplished and as a way to help me set up my new goals going forward. I hope you succeeded in completing a few goals of your own this year.

Now this is not a post to brag, but a way to recognize that I am finally keeping track of finances and that just transforms me to keep superseding previous goals. I want to give you a few milestones relating to several topics, but the majority will be related to personal finance or money management, as this is in line with the subject matter of this blog.

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How to Make Money and Launch Your Brand Online

How to make money and launch a brand online
There are thousands of success stories from people who became millionaires online. You might hear about a woman who turned a design blog into a book career and a designing career, or you might hear about a man who turned a YouTube channel into one of the top grossing websites in the world. While you might think that the days of making money online are no longer possible, there are a few ways that you can make money and launch your brand from your home computer.

Become an Author

Amazon made it easy for anyone with an idea to become an author. Its Kindle program lets you write and publish a book that others can buy and download to their devices. You earn 70 percent of the purchase price for books that cost $2.99 or more and 30 percent for books priced lower. Amazon even has a website that helps you format your book and create a cover, but you can also pay for a professionally created cover. There are thousands of people around the world making five figures or more every month from their books.

Brand Yourself

If you have a brand, why not let your customers purchase items from that brand? This doesn’t mean that you need to rush out and pay for the manufacturing of thousands of tee shirts, can coolers or other items. There are many websites that let you design bags, shirts, hats and other items with your brand, logo, name or slogan on the front. Every time that you sell an item, the company will make that item for you and send it to your customers. The company will then take a percentage of what the item sells for and sends you the rest.

Create a Blog

Creating a blog is a fun and smart way to get your name out there and make money. WordPress, Blogger and other sites even let you start out for free. Once you build up your brand, you can purchase a domain name and transition your site to the new website. You can use that blog as an affiliate hub. When you post reviews or include links to products, you earn a small amount when your readers buy products from those links. Adding advertising space that you sell or working with Google Adsense can earn you additional income.

Turn to Social Media

Entrepreneurs all over have, such as Max Gorin, are turning to social media because it is one of the best way of building a brand. If you don’t have a Facebook page for yourself or your company, now is the time to set up one. Facebook lets you post videos and images, and you can also share status updates with followers. This is a good way to let others know when you have new books or items coming out or when you add more to your website. Using Instagram, Twitter and other sites can also help you reach more people and increase your brand awareness.
Something as simple as writing a short electronic book or creating a basic blog can go a long way towards improving your brand awareness and getting your name out there on the web. With a little hard work, you might find that you make enough money to retire at an earlier age.

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The Last Hundred Dollars – Christmas Edition


The last hundred dollars christmas edition

This little guy is tired of all the Christmas Shopping.


A new series is born today, with the premise that now I will let you in to see the things that I spent my last hundred dollars on. Imagine if you had only a hundred dollars to your name, what would you spend it on?

The last hundred is a way to lighten up the financial blogosphere with something unique. Yeah I could give you a bunch of boring spreadsheets showing my monthly net worth, but that’s been done a thousand times over.

Also part of me is still hesitant to fully reveal my financial numbers in all its lowly soon to be very highly glory. What will this accomplish, maybe nothing. But it sure is exciting to see what people spend money on, don’t you think?

The spring is about 4 months away and I am very excited to shovel massive amounts of snow this winter. (Not really) We are gonna switch it up today and give you a snap shot of spending in the month of December for some Christmas gifts and random misc. things. (Obviously excluding Mrs. Rich Uncle EL’s gifts, as I don’t want to give away all my secrets)

See below for some spending based off the last hundred dollars – Christmas edition.

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