Saving

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 | 46 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....

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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%,...

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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...

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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...

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Cheap 4th of July Fun-7 Great Ideas

Cheap 4th of July Fun-7 Great Ideas

By in Guest Post, Personal Finance, Saving, Tips | 0 comments

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 Saturday. For those of you who get Friday off as a state holiday, 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...

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The Saving Secret Worth $366,000

The Saving Secret Worth $366,000

By in Automatic Saving, Money Management, Saving | 0 comments

The I Hate to Save-Kick in the Butt Latest news just in from Sun Trust Bank Survey: “Many higher income households are living paycheck-to-paycheck” We are notoriously bad at imagining our future. In fact I remember playing with my Great Aunt as an 8 year old and thinking, “I’m never going to be this old, ever”. Then I remember thinking about how old I’d be when the new millennium came, and the same thought reoccurred, “I’ll never be that old”. This inability to image the future is a problem. Whether you can imagine it or not, the future will...

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