Saving

Do You Really Need a Rolex?

By in Saving, Wealth | 20 comments

“Henceforth I ask not good fortune. I myself am good fortune.” Walt Whitman Walt Whitman would fit in well with the “simplicity-frugal movement” of today. And the famous Walden Pond, by Thoreau inspired me to appreciate the simplest pleasures in life. Both Whitman and Thoreau’s writing exude self possession, contentment, and the joy of living. This may sound a bit idealistic, but in the last reality, isn’t it really what most of us look for; wealth in life, not just money. Do You Really Need a Rolex, Sharlene? A friend of mine, Sharlene really wants a Rolex watch. The prices start in the range of $10,000. The one in...

Read More
5 Personal Finance Habits to Help You Achieve Financial Freedom

5 Personal Finance Habits to Help You Achieve Financial Freedom

By in Guest Post, Money Management, Personal Finance, Saving | 4 comments

Guest Contributor, Tina Roth Developing ‘good habits’ has become an industry. From Charles Duhigg of The Power of Habit to Gretchen Rubin’s, Better Than Before: What I Learned About Making and Breaking Habits–to Sleep More, Quit Sugar, Procrastinate Less, and Generally Build a Happier Life, creating good habits is important across the spectrum or our lives. This guest article will show you how a few simple habits, started early, can help you achieve financial freedom.   We don’t make our habits. Our habits make us. Getting rid of habits is a herculean task, or maybe it’s even more difficult because Hercules...

Read More
Best Way to Play the Lottery (You’re Not Going to Like it)

Best Way to Play the Lottery (You’re Not Going to Like it)

By in Automatic Saving, Personal Finance, Saving, Tips | 48 comments

Playing the Lottery and Investing The best way to play the lottery is using another approach. After all, aren’t you playing the lottery to get rich? Here’s a way to get rich with a greater probability of success than playing the lottery. If you are a lottery player, I want to help you. If you put $50 per month in the lottery over 10 years, you will have spent $6,000. According to Tara Siegel Bernard in a recent NY Times article, “Win a Lottery? Not Much Chance Of That your chances of hitting the jackpot are 1 in 175 million....

Read More
How to Get a Good Return on Your Cash – Without Too Much Risk

How to Get a Good Return on Your Cash – Without Too Much Risk

By in Bond, Saving | 8 comments

4 Strategies to Get a Good Return on Your Cash-In Spite of Low Interest Rates Are you frustrated trying to get a good return on your cash? Are you sick of meager interest payments on your savings?  Does it bother you to earn a 10 cent interest credit on your account? I remember the old days when you could get a good return on your cash. During the 1980’s savings rates were 8 to 10 percent. But along with those juicy returns was higher inflation. So even if we got an 8% return on our bank money market account, if inflation was 8%,...

Read More
9 Cheap New Years Eve at Home Ideas

9 Cheap New Years Eve at Home Ideas

By in Saving, Tips | 12 comments

Cheap New Years Eve at Home  With drunk drivers on the loose, and the crazies out and about, here are some Cheap New Years Eve at Home ideas for a great New Years Eve. Try these with the family, a few friends, or a big group. FOOD for a Cheap New Years Eve at Home Pot luck is the way to go. If your guests bring some grub, they are automatically invested in the event! Set a theme for even more fun. Try hors’doerves, sandwiches, dips, international, or any theme you can come up with. Finger foods are recommended. Also, pot...

Read More
Do Billionaires Need An Emergency Fund?

Do Billionaires Need An Emergency Fund?

By in Automatic Saving, Debt, Insurance, Saving | 29 comments

How Billionaires and the Uber-Wealthy Went Under If you think billionaires don’t go broke, think again. Lottery winners, professional athletes, actors, and others with tremendous wealth have lost it all. The interesting thing about money, not matter how much you have, if you spend more than you make or swindle others, at some point you’ll wind up broke.  Bernie Madoff – From $17.179 Billion to Zero How wealthy do you think the Madoff family is today?  According to a Time.com article by Sam Frizell last year, “Where are Bernie Madoff and His Inner Circle Now?” The once wealthy Madoff family...

Read More