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Cheap 4th of July Fun-7 Great Ideas

Posted by on 5:50 pm in Guest Post, Personal Finance, Saving, Tips | 0 comments

Cheap 4th of July Fun-7 Great Ideas

7 Ways to Enjoy the Fourth of July + Maybe Build Wealth By contributing columnist,  Alexandra Deluise The Fourth of July is one of the highlights of summer for me. The holiday almost always includes a cookout, fireworks, and time spent with family around a campfire with marshmallows. This year, July 4th is on a Monday. This means three full days of potential festivities and cheap 4th of July fun! However, getting crazy on this patriotic holiday can cost a lot if you are not careful. Save some money with these frugal tips for a fun-filled holiday weekend. 7 Cheap 4th of July Fun Ideas 1. Keep the 4th of July in Perspective One of the most dangerous things about holidays are our own expectations. Remember what you are grateful for, and keep those things front and center during your Fourth of July celebrations. 2. Awesome Outdoor Activities! (+More Cheap...

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How to Become a Millionaire-Investment Advice for 30 Year Olds

Posted by on 4:32 pm in Asset Allocation, Automatic Saving, Debt, Investing, Money Management, Retirement, Tips | 0 comments

How to Become a Millionaire-Investment Advice for 30 Year Olds

5 Tips to Become a Millionaire “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” ~Warren Buffett (source; BrainyQuote.com) Get the specific, actionable steps to become a millionaire if you are in your 30s. Use this financial advice for 30 somethings as a step-by-step guide for wealth building. If you haven’t started investing for your future, don’t stress, now is the time to start understanding and implementing how to plan for retirement at 30. Investment Strategies for 30-year-olds – Backstory My husband and I started out with financial challenges. In our first year of marriage, I quit my job to get a graduate degree. Despite living on one income, we managed to save. The next year, I went to work and my husband began his 4-year graduate studies at a private university with sky-high tuition...

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Avoid Being a Victim of Investment Fraud – Inspired by the Wizard of Wall Street

Posted by on 6:58 pm in Investing, Money Management, Personal Finance, Tips, Wealth | 5 comments

Avoid Being a Victim of Investment Fraud – Inspired by the Wizard of Wall Street

Don’t be Like Steven Spielberg – Evade Investment Fraud I was both intrigued and sickened while glued to HBO’s Wizard of Lies. This riveting biopic chronicles Bernie Madoff, played by Robert DeNiro, as he crafts the greatest investment fraud of our time. It’s challenging to understand how sophisticated investors along with ordinary folks fell for Madoff’s Ponzi scheme. Find out how to avoid becoming a victim of securities fraud. You’ll discover that only your own knowledge and due diligence can save you from financial advisor malfeasance. Bernie Madoff’s Ponzi Scheme Fooled the Pros As long ago as 1999, an independent investigator, Harry Markopolos, concluded that Madoff’s success could not be legitimate. In 2005, he sent the US Securities and Exchange Commission (SEC), the financial watchdog, a 17-page statement entitled: “The World’s Largest Hedge Fund Is a Fraud”. ~The Telegraph The Securities and Exchange Commission, wooed by Madoff’s charm and their...

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6 Money Tips for Navy Seals – A Gift For Our Warriors

Posted by on 1:39 pm in Automatic Saving, Debt, Investing, Tips | 0 comments

6 Money Tips for Navy Seals – A Gift For Our Warriors

It’s official, I’m addicted to the History Channel’s eight part drama about the lives of Navy Seals, “SIX“. After watching two episodes of this edge-of-your-seat action drama, I experienced feelings of worthlessness and self-deprecation. After all, these guys risk their lives in dangerous circumstances to protect our freedom and what am I doing of value – writing investing and financial management articles? Then, the Seals come home to family drama and difficulties. And to add to their stresses, pay for an entry level Navy Seal is a paltry  $22,992 per year for entry level Special Warfare Operator Third Class. Despite the low starting salaries, they do receive special payments for: Jump pay Dive pay Demolition pay Hostile fire pay Family separation pay So, if a Master Chief Special Warfare Operator with an E-9 pay grade qualifies for all the bonuses and special payments, the Navy adds $6,981.72 to the basic...

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The 15 Best Father’s Day Ideas That Rock!

Posted by on 3:00 pm in Budget, Personal Finance, Tips | 6 comments

The 15 Best Father’s Day Ideas That Rock!

The 15 Best Father’s Day Ideas, Gifts and Activities So much is made of Mom and Mother’s Day, and it seems like Dads get the short shrift. But, don’t forget about Dad, and make his day super with these best Father’s Day ideas, gifts and activities. Dad deserves the Best Father’s Day!  We have our family roles clearly honed after decades of marriage and our daughter benefits from the uniqueness of Dad’s contribution to the family as much as she does mine. As Dad is in the “helping field”, contrary to convention, he’s the emotional compass of the family, whereas I’m the money manager. His insight and strength has gotten us all through the inevitable emotional land mines of life. I already know what I’m getting him this year, candy, Britto Disney collectibles and of course dinner out or grilled on the patio. To round out the day, we’ll probably...

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Increase Profits and Reinvest in Your Small Business

Posted by on 8:17 pm in Make Money, Personal Finance Luminaries, Tips, Wealth | 0 comments

Increase Profits and Reinvest in Your Small Business

Tips for Entrepreneurs – Reinvest in Your Business Contributing columnist, Kostas Chiotis We interviewed 11 successful online entrepreneurs. Learn their tips for success and how much they reinvest into their business. Their answers might surprise you. Warren Buffett learned about the importance of reinvesting your profits at the ripe age of 18. While still in high school and hoping to make a few bucks, he and a pal invested $25 in a pinball machine. They installed the game in a barbershop. The pinball turned out to be quite successful, and the two made a nice profit. But, instead of spending his earnings on a cool car or new sneakers, Buffet and his friend reinvested the profits and bought more machines. In time, they had eight pinball machines in different shops. When the two friends parted ways and sold the venture, Buffett accumulated $174,000 – that’s $1.4 million today. He used...

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Should I Pay Off My Mortgage or Invest in the Stock Market?

Posted by on 10:58 am in Debt, Investing, Reader Question, Real Estate | 22 comments

Should I Pay Off My Mortgage or Invest in the Stock Market?

Paying Off Mortgage vs. Investing – Which is Better? A reader asked, “Am I better off making extra payments on my mortgage at 2.9% or investing the money in the stock market?”  Should I Pay Off My Mortgage or Invest in the Markets? This question is a favorite and a one I’ve pondered many times. Actually, I’m adding $250 to my mortgage payment every month, to get the mortgage paid off by the time I reach retirement.  Whether to pay off your mortgage or not, isn’t an easy question.  There are financial and psychological aspects when considering whether to pay off your mortgage or invest, and there’s no one right answer. For some individuals, the freedom of owning your home outright is priceless. For those individuals, there is a great satisfaction knowing that their home is paid off. My parents had the goal of paying off their mortgage, and...

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5 Investment Classes That Teach Unique Ways to Invest

Posted by on 12:33 pm in Advanced Investing, Investing, Make Money, Sponsored | 0 comments

5 Investment Classes That Teach Unique Ways to Invest

*Please read affiliate disclosure below. Learn How to Invest Money to Make Money  If you want your money to work for you, then you need to consider investing. Take an investment class to get on the wealth-building fast track. After all, you work hard at your job, but if you simply save in your low-interest bank account, you’re missing an opportunity to allow your dollars to compound and earn more. Investing means directing your money into an endeavor that provides the opportunity for extra income or capital. If you want your money to work for you, then you need to consider investing. You work hard at your job, but if you simply save in your low-interest bank account, you’re missing an opportunity to allow your dollars to compound and earn more. Investing means directing your money into an endeavor that provides the opportunity for extra income or capital. According to the legendary investor, Warren Buffett, investing is “…. The process of...

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10 Steps to Take Before Investing – Beginner Investment Tips

Posted by on 1:07 pm in Automatic Saving, Budget, Debt, Investing | 24 comments

10 Steps to Take Before Investing – Beginner Investment Tips

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen What to Do Before Investing in a Stock or Mutual Fund Buying and selling stocks, bonds and mutual funds is a path to wealth, yet, there are steps to take before investing. At the start of my investing career, I thought it was cool to research and invest in the stock and bond markets; until I had my first loss. When my first stock pick drops 50% in price, I wasn’t having fun! Fortunately, I learned from that loss and went on to invest successfully. Here you’ll find out what to do before investing in mutual funds and stocks so that you can be a successful investor.   Investing isn’t a game, but a way to gain wealth. Over the past 100 years, the trend of the...

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What is the Trump Reflation Trade and Should I Care?

Posted by on 12:21 pm in Advanced Investing, Economics, Inflation, Investing | 4 comments

What is the Trump Reflation Trade and Should I Care?

I’ve enjoyed economics ever since I majored in the field at University. During the last century, I’ve seen rampant inflation – too much money chasing too few goods – leading to exploding prices. I’ve also lived through the recent low inflation rates and the brush with stagflation and deflation. So, what’s up with reflation, the reflation trade and the Trump reflation trade? It’s all over the news, but reflation isn’t as clear cut as the inflation, stagflation or deflation themes. What is Reflation? Reflation has a technical definition, just like inflation. The meaning of reflation describes a governmental fiscal or monetary policy. The reflation policies are rolled out to expand a country’s GDP and reduce the effects of deflation. Sample reflation policies include: Cutting taxes Changing the money supply Lowering interest rates But wait, there’s another definition for reflation. Reflation also describes the initial phase of an economic recovery...

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