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Retirement Tweets-Retirement Help Right Now

Retirement Tweets-Retirement Help Right Now

By in Retirement, Uncategorized | 1 comment

Retirement Solutions from Twitter I just returned from my Ohio where my sis and I gave my mom an 85th birthday party. Surrounded by 30 of her vital and active friends, I thought a lot about retirement. Most of Mom’s friends are retired, although not all. And the media headlines are filled with retirement news; for example, “American’s don’t have enough money saved for retirement”, is common one. Yet, in a recent U.S.A. Today article, “Many Americans Fear Going Broke in Retirement”  I noticed in the airport, there was a conversation reporting that although many Americans don’t feel they are saving enough for retirement, they do not want to change their current lifestyle. I have difficulty understanding that viewpoint, as I was raised to live below my means and if I couldn’t afford something, I just didn’t get it. I’m perplexed that some folks are completely unwilling to change their current lifestyle in order to spread out their earnings over their entire life. As an adult, saving and investing is an ingrained habit. I automatically invest any extra money I get. But, this isn’t an article to goad you into feeling bad about retirement, but about the latest twitter links about retirement topics. By reading about retirement information, you’ll be better able to tackle your own financial future. Retirement is a time in our lives we will all experience. For some retirement is well planned, for others, it is not. Regardless, I encourage you to think about retirement and begin planning. Your future self will thank you. 14 #Retirement Tweets I love twitter, because of the quick access to ideas, inspiration, and information. Please enjoy these current “#Retirement Tweets” Todd Tressidder @Financialmentor “Do you want to make a big dent in your retirement savings requirement? http://bit.ly/1pnQ3L4 @FrugalRules “4 Steps to Help Your Parents Move Into a Retirement Community” http://bit.ly/1wsoMJa John Cornish III @moneytalkguy “Best and Worst retirement locations”. Forbes.com http://onforb.es/1nxxO69 @MarketWatch “11 ways to get more money in retirement” by Paul Merriman. http://on.mktw.net/1jwRRcH @Bankrate “Dispelling the greatest Social Security myth of all time” via @TheMotleyFool http://bit.ly/1k4ihbx @Retirement Media “5 Excellent Part Time Retirement Jobs” http://bit.ly/1lUj3Ue @Bankrate “$1 million isn’t the milestone it used to be. Is it enough to...

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The Positive and Negative Impacts of Globalization; Financial and Other Implications

The Positive and Negative Impacts of Globalization; Financial and Other Implications

By in Economics, Investing, Uncategorized | 10 comments

Financial, Economic, and Societal Consequences of Globalization The global economy continues to be in the forefront of the media. In a McKinnon and Thurm Wall Street Journal article, “U.S. Firms Move Abroad to Cut Taxes“, several U.S. companies are profiled as they move their headquarters abroad to save on taxes. This particular cost cutting strategy impacts consumers as lower taxes for a corporation leads to greater profits which can be used to stabilize consumer prices. Globalization has massive impacts on our economy and society at large, both good and bad.   Impacts of Globalization Economies of Scale-This well known economics concept refers to the idea that with greater production capacity, cost per unit of a good is reduced. Consider lower cost international production and how the benefits enable consumers to buy a wide variety of goods at lower prices. On the flip side of this concept, many larger global companies with low priced goods and services are squeezing out smaller “mom and pop” retail shops. Inexpensive clothing-I spend less on clothes than I did decades ago. I remember shopping with a friend in college and paying $30 for a sweater. Today, I can get a similar sweater, imported from abroad for $20 to $30 dollars. That’s zero price increase in decades. I’d be irresponsible if I didn’t mention the fact that some of these low cost garments come on the backs of exploited workers. This international issue is tough to curtail given the great international demand for the low cost goods. Although some workers are exploited, low global wages doesn’t necessarily imply exploitation as the cost of living in many international economies is very low. Affordable electronics-Increased international competition helps consumers in other areas as well. Buying electronics is relatively inexpensive, when compared with the past. When computers first came out, they cost thousands of dollars. I remember my first USB drive cost $70 for a fraction of the storage I can get for $10 today. Even basic calculators used to cost almost one hundred bucks. We are very lucky that globalization and competition has driven down the price of electronics. And, if you’re not too concerned with owning the latest and greatest new gadget, last years models are usually...

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Cyber Monday-Carnival of Personal Finance #431

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Take a break from shopping to get money smart at this week’s Cyber Monday Carnival of Personal Finance. Coming from a financially conservative background, we never went overboard with holiday gifts. And now that our daughter is older, that tradition continues. We bought her a watch (Hello Kitty) and went  to visit my parents. We had a great time and the gifts were secondary to the experience of being with family. (Too sappy?) Back to the Gifts I used to be somewhat negative about the new technology, thinking it was a bit “too much”. But, I’m a convert. I got a Samsung Galaxy 2 tablet last year on sale and enjoy using it for reading, games, photos, video and more. And when my laptop recently died, I got a new one with Windows 8 which I had been moaning about for awhile. Turns out I like it, and the new online 365 Office suite is fast with really cool new features. These purchases were within my budget and not “spur of the moment”, but well thought out. This Cyber Monday-shop smart and don’t go overboard. Editor’s Picks Laugh out loud funny, Holly from Club Thrifty presents 5 Ridiculous Gifts I’m Not Getting My Kids, and says, “As the mother of two toddler daughters, I am horrified by some of the toys I have seen in stores. Read this post for 5 ridiculous gifts I will not be buying.” Someone bought my lunch last winter and I’ve done the same. It’s quite rewarding! Ray from Squirrelers presents The Generous Stranger Paying It Forward, and says, “A random stranger’s generosity provided a reminder of the power of paying it forward.” You cannot live rich if you want to be rich. Daniel from Make Money Make Cents presents It’s Time To Stop Trying to Keep Up With The Joneses, and says, “Keeping up with the Joneses is the phenomenon of using your neighbors as a standard for which to compare your own life and material goods.” Wow, this one is an eye opener. Natalie reminds us that moderation is important in all phases of life. Natalie from Debt and the Girl presents Can Frugal Be Taken Too Far?, and says, “I was perusing the...

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Three Things You Need to Manage in Your Online Business

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If you are contemplating starting, or have already started, an online business, you’re in good company. Today, there are so many websites and platforms available for offering your products or services for sale, your biggest challenge will be figuring out where to begin. There are some aspects of running a business that are common to both online and brick-and-mortar stores, and some that are unique to selling as a part of the growing world of ecommerce. According to the Wall Street Journal, 70 percent of entrepreneurs use their own funding to start their business. Give your business the good head start it needs by keeping a few essential things in mind when starting out. Managing Your Client Base The lifeblood of any business is the ability to attract customers who are interested in the products or services you have to offer, and are willing to pay to have them. Depending on the type of business you have, such as an online mass merchandise store, your client base might consist of both customers who make one-time only purchases, and customers who return repeatedly. These businesses are vested in not only attracting paying customers, but also retaining them, and these businesses tend to invest time in developing qualities that matter to clients, such as superior product quality, performance, and stellar customer service. Excellent customer service might consist of providing the product to the client in a timely fashion or resolving any issues that might arise. Building and Managing Your Inventory Even when running an online business, you need to consider how to manage the process of making or purchasing the products you plan to sell. Particularly if your business is solely online, the best way to manage online inventory is with inventory management software, of which there are many types that are widely available, including many that are free or available for purchase at a minimal cost. Inventory management software allows you to track incoming and outgoing stock closely, and will help ensure that you never find yourself in the unenviable position of lacking stock to fulfill customer purchases that have already been made. Having to place a customer’s purchase on back order is one way to undermine your efforts at providing excellent...

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On Line Gambling Can be Low Cost Fun

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Discount Gambling Tips My family are long time visitors to Las Vegas, the gambling capitol of the U.S.A. We are not big gamblers, actually, we are the worst consumers ever for casinos. That is because we take advantage of the deep discounts offered to visitors and barely gamble at all. The casinos expect that visitors will drop lots of cash at the tables or in the slots. The casino tips and strategy are lost on us. We go to Vegas for the cheap buffets, attractions, and affordable hotel rooms.     We benefit from the low cost room rates and discounted buffets. The casinos can afford to charge cheap rates for lavish buffets and coupon books filled with free offers and two for one coupons for shows, free souvenirs, and a multitude of other affordable activities, because the big gamblers fund the house. The activities are great for families and adults. Once we participated as audience test members evaluating new television shows. That was extremely fun! Room rates can be quite affordable. Nothing can compare with the $36 per night rates at the (now defunct) Sahara in the 1980’s but a beautiful hotel room for under $100 is nothing to sneeze at. In fact, taking the benefits of casino’s without losing your shirt by gambling can be a great way to have fun on a budget while on the path to get rich. Gambling and Fun Of course we gamble….. but not much. We allocate about $20 bucks each and look at the gambling as entertainment and fun. We might find cheap black jack tables or nickel slot machines and play for a long time for a few bucks. I came out a several dollars ahead last time. Since we are so money smart and financially conservative, we don’t expect to beat the house. We expect to make money the old fashioned way, we earn it! And don’t forget the kids gambling at the Circus Circus and MGM Grande. There are abundant arcade games with great prices which are much cheaper than at the local carnival. Of course the casinos expect mom and dad to gamble to offset the great prices on the kid’s games. If you enjoy gambling...

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HOW DOES ATTENDING A PROFESSIONAL CONFERENCE GROW WEALTH?

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Fincon 2013-Where Personal Finance Website Publishers, Bloggers, and Freelancers Get Noticed & Links I’ve been attending professional conferences for as long as I’ve been employed. First as a realtor, next as a university administrator and career counselor, and now as a personal finance website publisher. Heck, I even go with my husband to his professional conferences. The contacts and benefits I’ve made far outweigh any out of pocket expenses. I’ve been to the inaugural Fincon in 2011 in Chicago, last year’s Fincon in Denver, and I’m speaking this year on Investing at Fincon 2013 in St. Louis. The benefits of attending Fincon or any professional conference include: Job opportunities Freelance opportunities Partnerships Knowledge and information to grow your business Expanding professional relationships and colleagues in your field Motivation  Inspiration Through attending Fincon and other professional conferences, I’ve personally garnered lucrative freelance opportunities, met bloggers with whom I’ve formed a mastermind inspirational group, learned volumes about running an online personal finance website business, obtained a publisher for my upcoming book-Personal Finance; Encyclopedia of Modern Money Management, and made countless professional contacts. In sum, going to a professional conference grows not only your financial wealth, but your personal wealth as well! Fincon 2013 Tickets are on Sale Now If you are a personal finance blogger and unsure about whether to attend Fincon 2013, tickets are on sale Thurday August 22 and Friday August 23rd for just $59. The hotel rate is an affordable $119 per night at the Hyatt Regency in St. Louis. Consider attending and make an investment in your online future! Barbara Recommends: Since I hosted the Carnival of Personal Finance this week, I’m not going to give you too many other links, but there are a few reads (and listens) I can’t pass up! Who doesn’t want free money? How to Get Free Money – These 16 Companies Will Give You $1,715.25 from The Penny Hoarder offers lots of ideas! If you’ve ever considered location independent work, you must listen to this week’s Stacking Benjamin’s Podcast 017– featuring Natalie Sisson from The Suitcase Entrepreneur.  The perfect cash equivalent investment; I Bonds. I invest the annual maximum in these bonds each year. Save and Conquer sheds some light on these under promoted...

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