As many of you know I am a sneaker fanatic. But I am coming to a realization that I need to reign in my expenses and I already have sufficient kicks to last me a decade. So in this new year I will not buy sneakers for 12 months. All year long I will not buy any sneakers for personal use. If I can find a good deal that I can later sell for a profit then I might buy something to resell. But I will only consider any sneaker purchase if and only if it makes business sense. (To buy and flip only) Why I’m not buying sneakers in 2016? Keep reading to find out why.
What’s going all you great readers today we have a post that is going to challenge some of you and possibly motivate others to do a spend freeze, so strap on for the fun ride. The secret thats not really a secret in the personal finance world, is how much money is wasted from spending excessively by people who appear to be in control of their money. In reality they are far from controlling those elusive dollars, who appear to slip down the imaginary financial black hole. The solution to money problems is solved by not spending.
If you can control and manage the consumption of things, services, foods, resources, whatever it may be, you can become stress free with life’s finances. The concept is really not that hard, and closing up the purses and wallets might be a wonderful solution for many who currently experience money issues.
The real question I wanted an answer for today by writing this post, is to find out how much do we as Americans spend per day and what day of the week is the most spend thrift day? After finding the info I wanted to share it with all of you so you can compare and contrast dollar amounts.
The Data was found and It is hint, hint – Saturday as the most costly day for non necessities at – $76 dollars per person * Last Saturday I spent less than this amount for non necessities and that makes me content.
The Data about total consumer spending is a bit harder to find, but one website said that is around $94 Dollars is the average total per day. My average per day is less than this because I go on various spending freezes.
I came across this cool Time article that gives us a real time info graphic of how much is spent in America per second and after 100 seconds,it showed the unabashed way we spend millions per second. After seeing the figures below, Do you still think Amazon doesn’t make a profit? (I doubt it)
Every 100 Seconds we Spend – $900,000 Online – $9,200,000 Off Line = around $10 Million Dollars
This post idea came to my mind as I was washing dishes, and I thought of at least 10 things I can buy with dividends. What can you buy with dividends? Well it depends if you actually are in a position to receive them. If you are like some people who believe the government will take all our investments, then you clearly don’t invest in the stock market. What can you buy with dividends is the topic of the hour and I love this topic.
Lets play a little game and think of the possibilities available for the investor who can successfully receive 5 thousand in dividends and doesn’t need the additional income to live off of. Now you can visualize all the fun you can have with an extra 5K annually.
As I think back when I was a young boy all the memories come back at random occasions, and a flashback is replaying itself in real time. Have you ever had one of these moments when you look back as if you had a Delorean that actually went back in time. The memories are the only thing we really need to recreate the past. On this special day we celebrate Martin Luther King Day and how content we all should really be. Could we improve every year of course, but at times let’s appreciate the present and how far we’ve come. Today is MLK day and contentment is something not spoken about often enough.
Every year I think about my dreams and how as a kid on this special day we were told stories about a man who wanted more for our society regarding equality. The we have a dream speech was replayed every year since I can remember and it has evolved every year. We all can and should do more to uplift one another in a positive way. Also we need more realistic communications about how to live life in a financially responsible manner. This is a personal finance site so I will now steer the topic back to finances and to make the final point.
Its that time of the year to display some cool milestones. Achieving goals is always a good way to turn on the happy mood setting in life. We all tend to achieve things and whether they may be big or small its important to keep track of them. By doing this we all can try to supersede the goals in the coming year. I am content about my milestones realized in 2015, but I know I can do more.
How will I improve in 2016? Its simple by taking as much action as possible towards any and all goals. It is imperative to stop over procrastinating in life. If you want to get something done focus on it and do not get distracted until you complete it.
For some people, investment means simply leaving a lump sum of cash in the bank for several years, and hoping that the accrued interest beats out the rate of inflation. For others however, it’s a serious game of finding opportunities in the markets, and making a return wherever possible. If you’re serious about investment, whether it’s in stocks, forex or something else, then you’ll know that the devil is in the detail, and for those that aren’t aware; here’s why.
The first and most obvious point is that incorrect data can mean an incorrect decision as to whether the price of an asset is going to move in your favour or not. Sometimes there can be very fine lines between something being correct or false, and this can send your position completely down the wrong path. Receiving an incorrect signal is never going to be good, which is why all investors very carefully select where they get their information from. If you’re talking technical analysis, that is to say that you’re interested only in numbers and patterns, then you need to know that certain patterns really are forming. On the other hand, if you prefer fundamental analysis, or the interpretation of events and finances, then you need to know that the information you’re getting is either unbiased, or being interpreted properly before you yourself get the chance to do so.
OK another fun post explaining the basics of personal finance to all of you great readers. My point of view is somewhat unique because I like to break things down to a financial and common sense level. What is finance? Well it is a word primarily and it also represents the definition of money management.
Is it easy to manage money of course, is it hard to manage it if your not ready, extremely. How do you supervise those slippery dollars? If your ready to step up and can really grasp this what is finance definition. When you can innately place finances above other things it will occur naturally. Monetary savviness is not an imaginary thing we are all looking to find in a forest, it is solved by simply finding your reflection in the mirror. It is our choice to either fix things or keep on the same path we’ve been on. See below for what is finance defined.
I thought it would be cool to display and write in jest all the financial mistakes I’ve made, I’ve read, or I’ve discussed with others. Being a personal finance website manager I get talks like this from time to time, and boy things tend to get interesting. Nobody wants to air their dirty laundry but this post will be different. It will all be anonymous in order to help anyone struggling with financial management and to make a point that mistakes may occur at any moment. Also it will help millions of people who never committed these blunders avoid them.
Now that we got all the back ground noise out of the way, let’s get to the steak of the article. (OR is it meat of the article – whatever you get it) Remember a time back in the day when you had no bills, no loans, no income, and no real financial responsibility? It was all so peaceful back then, and now you’ll slowly waken out of that slumber. No more day dreaming for you, as you might get crazy debt freedom ideas. I will obviously give you a big list of money mistakes and I’m not holding back anything.