Hello friends today is another money saving opportunity to help you reach your savings goals. We can achieve so much financially if we focus and stop placing limitations on our ability to save more. I have a few pieces of financial information to make you rethink the normal way to save money. The 8 creative ways to save dollars was established especially for you, to conquer any money goals you need to complete in 2016.
OK we all know how most car dealerships try to scheme and frankly steal as much as possible from customers. Some do it with no shame, while others have no qualms in specific financial dealings with customers. I recently thought back to some of the interactions I’ve had with car dealerships and put together this interesting post. The point is to help people be more informed over how Car Dealer Shenanigans can eventually damage your future cash flow by persuading you to take on more than your wallet can chew. Continue reading Car Dealer Shenanigans
Many times I sit and think about how attitude can be a deciding factor in how life turns out. If your attitude is steered towards a particular view point, it can either be a winning or losing battle for you. So knowing what is the right attitude to have towards money can once again be the answer your looking for. What is your Personal Finance Attitude? If you ask this of yourself from time to time it will trigger something within you to find where you stand.
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
Continue reading The Solution to Money Problems is Solved by Not Spending
There is no question that there is some risk associated with investing your retirement savings in the stock market; however, there is also a potential for quite a bit of growth. This is especially true if you are willing to invest for the long term. Putting at least a part of your savings into some diversified stock fund can be ideal for growing your retirement nest egg. However, in addition to investing, you will have to take the time to learn how to use the share market update reports to keep track of how your investments are doing.
If you are new to the world of investing, you may wonder what is stock investing. Consider this scenario: you come out of a bank and are approached by a stranger with an idea for money making. The person claims to need the capital to grow their business and that your money will grow by $8 more each year if you allow them to temporarily use your funds. The holdings you have will change day after day, so the person is being up front that it may be a wild ride at times. However, you will have complete control of when you want to get your money back with no questions asked. Getting information on stocks and learning fund facts is a great way for an investor to make the right decisions.
Continue reading Why Investing in Stocks is Smart for Retirement
One of the current trends that’s growing right now is online CFD trading. Here are some of the reasons why this method of financial transaction and engagement is rapidly gaining traction in the world that we live in.
Probably the best thing about online CFD trading is that your established margin deposit gives you the capability to control and use an asset that’s many times higher than its actual value. When this happens, the impact of trading exponentially grows and the profit for it becomes significantly higher. With a minimal investment, traders can immediately multiply their capital and grow rich.
Of course, that comes with a caveat. The higher the gains are, the higher chances of large losses. However, instead of turning off traders, this has actually become appealing for them, since it requires them to be better prepared and to make better decisions.
One of the benefits of online CFD trading is that they are just agreements that were designed to mimic price movements. They are not actual assets. As such, the tax given to them is not that high, compared to real assets. Unlike the more traditional transactions, stamp taxes are not implemented, and since there are no physical assets that change hands, the relative tax is much smaller and the regulatory burdens are minimized.
In addition, there’s virtually no commission, so fixed prices and payments are taken out of consideration.
It is also important to note that since all of these are documents, there’s no transportation of the assets, which is in itself another minimized costs.
Hello readers its that time to discuss again the trap that people place themselves in every time they sign a new contract involving debt. When you stop and think about past choices it really is simple, try to do your best to never borrow again unless you want to live indebted forever. Just the other day I read a blog post by Derek over at lifeandmyfinances and he is now living life completely debt free for over a year now. He is an inspiration and an example of a life we all should try to realize 1 day. I believe it’s necessary for my sanity to never trade freedom for debt.
Granted it might feel like a never ending battle in this modern society with a constant emphasis on living with payments and debt. I will tell you that it can be done and to never ever have a defeatist attitude towards your financial insecurities. When you expect failure from the beginning, I guess the path towards reaching prosperity will not be possible. Getting into debt was a choice way back in a moment in time, so why can’t the choice today be made to reverse those bad actions. By not conforming to the norm you will elevate yourself to a term many people don’t use today.(Financially Responsible)
