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How to Get Rich Without Winning the Lottery

Posted by on 11:55 am in Budget, Investing, Personal Finance | 5 comments

How to Get Rich Without Winning the Lottery

Wealth Building Road Map; How to Get Rich-Without Winning the Lottery I’m pained every time I stop by the neighborhood drug store and see the folks scratching off the lottery tickets. You’re as likely to get rich “investing” in lottery tickets as you are to get killed by lightning. How to Get Rich Without Winning the Lottery will lead you on a step by step path to become a millionaire. The book is filled with actionable tips to slash costs and ways to build wealth automatically.  Would you like a “get rich” approach without hyperbole? (Not a get rich quick scheme.) Are you interested in a workable, life long blueprint for wealth? Here’s a guide for  lifetime wealth, filled with tips, strategies, and actionable steps to go from money loser to money winner.  How to Get Rich Without Winning the Lottery Learn to save $70,000 now, with a few paragraphs from  How...

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Trump’s Policies to Hurt Latino’s & Their Money

Posted by on 8:55 am in Economics, Guest Post | 1 comment

Trump’s Policies to Hurt Latino’s & Their Money

How the Trump Presidency Will Affect the Latino Community By Guest Contributor, George Diaz No one saw this coming. Well, certainly not the media and the pollsters, who had given Donald Trump only an outside chance at winning the election. After all, how could a man who has been accused of being a bigot, racist, sexist, and deemed unfit to run a country defeat an accomplished politician of over 30 years? But indeed that’s what happened. Bonus read; You Need to Know How the Election Will Impact Your Finances>>> Trump, a man who had promised the mass deportation of millions of people, called Mexicans rapists and murders, promised to crack down on illegal immigration, and build a wall that Mexico was going to pay for, become president. And, even though he does have some Latino supporters, the majority of the Latino population reacted with horror. Friends, of all races,...

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Win Win Negotiation – How I made $500 in Ten Minutes

Posted by on 10:26 am in Personal Finance, Saving, Tips | 3 comments

Win Win Negotiation – How I made $500 in Ten Minutes

 “I’d like to add that negotiating is not something to be avoided or feared – it’s an everyday part of life.” ~Leigh Steinberg Win win negotiation means that both parties leave the negotiation happy. Of course, you want to get what you want, but the best negotiations leave with both parties feeling satisfied.  Win Win Negotiation in Everyday Life There is hardly a consumer situation I’ve encountered that wouldn’t benefit from a little negotiation. If you take the opportunity to negotiate-for a better price or an add-on service, you’ll bank more money over time. And each year, tack on extra cash and over time, it adds up. Here’s a story from the beginning days of this website, to show you how a bit of organization and negotiation saved me $500. Several years ago I got a call from the mechanic looking at my 1998 SUV with 100,000 miles on...

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You Need to Know Now-How the Election Will Impact Investments

Posted by on 9:17 am in Investing, Personal Finance, Stocks | 2 comments

You Need to Know Now-How the Election Will Impact Investments

How the Election Will Impact Investments Update! The Results are In & Donald J. Trump is the New President Last night at a cocktail party someone asked me if Clinton or Trump would be better for the stock market. Now, the average investor doesn’t change their investment mix depending upon the news. In fact, I’ve encouraged readers for years to take a passive index fund approach to investing.  Yet, it’s not unusual to wonder if there might be a last minute tweak that would safeguard your investments against an unknown future. Bonus Read-MBA Course: Investing & Portfolio Management Passive Investing>>>  So, with the excitement, emotion, news and policy statements, you may be wondering if Clinton or Trump will better serve your investments. Here’s a sampling of what the experts are claiming about the performance of the stock market during and after an election year. You’ll find out whether a Democratic...

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Expert Financial Advice; What Not to Do With Your Investments Now

Posted by on 11:26 am in Asset Allocation, Investing, Retirement | 20 comments

Expert Financial Advice; What Not to Do With Your Investments Now

Is it time to sell your stock investments? If you have a workplace retirement account or brokerage account with investments in the US stock market you may be tempted to sell now. Markets are unpredictable and volatility is scary. Volatility is the Price You Pay for Returns Investing 101 informs that you need to take some risks in order to be eligible for a larger return. The problem with that reality is that no one enjoys seeing their investments decline in value. Even if you don’t know anything about investing or understand the mutual funds in your retirement account, you understand a 5 year annual 16.31% gain in your Vanguard Total Stock Market ETF (VTI). You realize that a 16% return is much better than the 0.60% return you’re earning on the cash in your savings account. Not only are investors usually happy with double digit gains, but after large gains, their...

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Actionable Ways to Make More Money Resource Center

Posted by on 9:28 am in Make Money, Personal Finance, Saving, Wealth | 2 comments

Actionable Ways to Make More Money Resource Center

Make More Money Resource Center Do you have more month than money?  Are you worried that you’re not making enough money now and don’t see prospects to make more money in the future? Are you concerned that you’ll never be able to retire? The Make More Money Resource Center is your starting point for scores of strategies to make more money, for today and tomorrow. Ultimately, use what you learn to maximize your earning potential, live well for today as well as to save and invest for tomorrow. If you’re in a hurry-jump right to the money making articles: Click on a category and get a list of money-making articles:  Entrepreneurship-How to Make More Money With Your Own Business Where to Find Scores of Side Hustle Jobs  Easiest Ways to Make More Money  Lifetime Earnings Are Staggering + Job Uncertainty Over your lifetime, you’ll likely earn several million dollars. Additionally, those with more education...

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You Don’t Need Life Insurance (Or Do You?)

Posted by on 5:57 am in Insurance, Personal Finance, Sponsored | 2 comments

You Don’t Need Life Insurance (Or Do You?)

You Don’t Need Life Insurance Life insurance is one of the few things you buy and hope you don’t use. You may be thinking, “If I’m not going to use it, then I don’t need life insurance”. Why Should You Spend Money On Something You’ll Never Enjoy? The life insurance conversation typically begins with these questions: Are you married? Do you have kids? Is your income helping to support someone else? If so, you’ve probably been told to get life insurance. Here’s why you don’t need life insurance: Why spend money on life insurance when you’ll never see a penny of it? After all, you feel fine and you probably won’t die this year, so why shell out a few hundred bucks on the off-chance that you die this year? Actually, the odds are against it – especially if you’re younger. This may be what you’re thinking if you’re...

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Robo Advisor Pros and Cons – The Definitive Answer

Posted by on 2:44 pm in Asset Allocation, Investing, Money Management, Mutual Funds | 0 comments

Robo Advisor Pros and Cons – The Definitive Answer

Robo-advisors have been making headlines lately as a great substitute for traditional personal financial advisors. But is robo investment advice worth the hype? As with any decision regarding your money, it is essential to consider the pros and cons of robo advice before investing with a digital advisor. In particular, you should consider how robo investment advice stacks up against a financial advisor and which works better for your lifestyle. What is Robo Investment Advice? Robo advisors vary, depending on which platform you choose. Some robo-advisors are exactly what they sound like: based primarily on algorithms, these automated advisors use pre-programmed methods to determine what investments you should be making. Although these robo-advisors are programmed to be as accurate as possible, some people might be worried about entrusting their investments to something that lacks a personality. For these individuals, a robo-advisor platform that offers a human connection may be...

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Top 10 Things to Consider When Buying a Used Car

Posted by on 11:02 am in Guest Post, Personal Finance, Saving | 0 comments

Top 10 Things to Consider When Buying a Used Car

10 Top Used Car Buying Tips Guest contributor, Matthew Young Buying a new or new to you car can be a nerve wracking and stressful undertaking. As much of a challenge as it may be, however, at least today you can find helpful car buying resources that were not available to car buyers in the past. Bonus read; How Trading In a Car Every Two Years Makes Good Financial Sense (Top 10 article) >>> By doing your research and making use of this information, you can simplify the process of buying a new car without having to rely on someone else’s expertise or input. These 10 important tips will help you find a car that you like and negotiate a deal that works best for your wallet. 1. Set Your Car Buying Budget Having a solid budget in mind is key to having confidence as you go into the...

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Harvard Endowment Returns vs Passive Index Fund Investing – Which Approach is the Best?

Posted by on 5:43 pm in Advanced Investing, Asset Allocation, Money Management | 3 comments

Harvard Endowment Returns vs Passive Index Fund Investing – Which Approach is the Best?

Can the Harvard Endowment Returns Win Over a Lazy Passive Investment Approach? Imagine you had the choice between investing your money with the Harvard endowment fund managers or going with a lazy passive index fund approach? Which would you choose?  Harvard is one of the top universities in the world, home to the most brilliant professors and students. A Harvard degree is basically a ticket to professional success. So you would think that Harvard endowment returns would surpass the returns of the most basic passive index fund investment strategy.  The Harvard Endowment Lost Almost $2 Billion in 2016 In fiscal year 2016, ending on June 30 of this year, the Harvard university endowment fund reported a 2 percent loss. The fund’s value sunk from $37.6 billion down to $35.7 billion. The explanation for the loss was, a combination of low interest rates, market volatility and execution. In other words, economic factors...

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