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Posts Tagged ‘saving’

Why Common Advice is Useless

July 21st, 2010

When reading about finances or talking to people, I always hear the same useless advice: “You have to learn to save money.” or “It’s hard because the economy is so bad.”

This kind of talk is really just complaints and useless advice. Everyone already knows that saving money will improve their finances. But they have no idea how to do it.


After reading this great post that Matt found over at My Wife Quit Her Job, I noticed that the reason I like Steve’s blog is because it contains information that is fairly rare. It’s not about saving money, it’s about building a powerful positive cash flow asset. It’s not about lamenting about how hard life is and how hard it is to get a job. It is about how Steve’s profit is going up as unemployment rises and the economy goes down.

Read more…

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How To Save Money For Your Family At The Cinemas

July 3rd, 2010

This is a guest post by Timothy Ng from Australia. Yay Australia!

Saving money at the movies is a challenge for many families when they choose a day out for fun. Unfortunately, the days when going to the movies was considered a “cheap” day out are gone unless you are money savvy. Today you can expect to fork out big if you intend to buy movie snacks, and thinking about bringing your own is about as ethical as bringing your own food to your neighbour’s house without a specific invite. It doesn’t work that way.

Luckily though there are ways you can maximize your savings.

Save money by being loyal

Most cinemas have some sort of loyalty membership that rewards you for visiting often. Some of them give you free popcorn while others offer you free tickets on a points system.

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Weekly Wisdom: Ultimate Money Secrets

June 13th, 2010

pic by aresauburn @ flickr

Welcome to another week of wisdom from bloggers and web writers across the personal financial cyber-universe.

I’d like to pass on some of the best bits of information and wisdom out there this week. We run the gamut: from declaring an end to mindless submission to the renter-from-hell stripper.

Everyone has a hobby, but does your hobby have you financially? Here’s Money Ning’s take on how much you should spend on a hobby.

Early Retirement Extreme kicks against the system in the guest post, No More Mindless Submission.

Check out the The Middle Finger Project for a little primer on Dream Zappers.

Get paid to spend other people’s money? It’s a great gig, as Wallet Genius’s list of richest politician shows.

Read more…

Accelerating Technology, Internet, Investing, Money, Online Investing AI, Success , , , , ,

Quotable Money: Frugalites and Attitude Adjustments

June 8th, 2010

pic by stopnlook @ Flickr

There are always some great memes and ideas from around the personal finance web. Here are some thoughts and quotes I’d like to share with you.

“Just like a horse needs to wear blinders to block out distractions, you need blinders to focus on paying down debt. So what the heck are financial blinders? A budget and a debt snowball.”
Deliver Away Debt

“Definition of a Frugalite: One who is frugal, yet fun. A person who wants to save as much of their hard earned cash as possible – but in creative ways.”
Money Funk

“There are quite a few things that you can do to improve your financial and personal state without spending even a single dime. One of the biggest is simply improving your attitude – the way you interpret the things around you and the way you relate to others.”
The Simple Dollar

Read more…

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Weekly Wisdom: Steering Your Personal Financial Decisions in Interesting Times

May 16th, 2010

pic by mckaysavage @Flickr

May you live in interesting times.
–Chinese curse

We do live in interesting times, perhaps the most interesting times in the history of civilization.

That can be good.

And that can be bad.

We seem to be caught up in the eddies of a great transition. These economic, social, and technological forces can toss an individual around. It’s in these interesting times that we are fortunate to have some interesting voices who will help us steer our personal financial ships by offering us advice and issuing us warnings.

In this edition of Weekly Wisdom, we’ll review some of the best posts and articles on personal finance and improvement.

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Accelerating Technology, Investing, Money, Online Investing AI, Success , , , , , , , , , ,

Weekly Wisdom: The Best Personal Finance ‘How-to’s’

May 2nd, 2010

Personal finance looks simple: save money, invest it, repeat.

But we all know there’s more to it. There are thousands of ways to save money. There are thousands of ways to invest money. Not all of them are simple, not all of them are as effective as others.

That’s why I’m glad I have access to some of the brightest money minds in the world. This week, I spent some time noting the how-to, tutorials, and other advice posts on the web. Here’s the best of the best.

Enjoy.

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Weekly Wisdom: Great Reads for a Great Week

April 11th, 2010

Pic by bjohnson @ Flickr

It’s always good to keep up on your personal finance and self-improvement readings. It should actually be a habit, a space you carve out in your day to research, study, and learn.

This keeps you on track and keeps you motivated. I try to vary my reading habits from week-to-week, checking out blogs that specialize in the three legs of personal finance: saving, investing, and spending.

Here are a few links I had a chance to read over the week.

Enjoy!

Studenomics clues us in on Financial Literacy Month.

MarketSci blog takes a look at the correlation between past and future volatility.

Get a look at your financial checklist for April at Personal Dividends.

Read more…

Automated Trading, Internet, Investing, Money, Online Investing AI, Success, US Economy , , , , , ,

What Saint Patrick Can Teach Us About Personal Finance

March 17th, 2010

Starbeard @ Flickr

Happy Saint Patrick’s Day all!

Saint Patrick is, of course, Ireland’s patron Saint. He’s revered in Ireland, but he’ll be lauded throughout bars and pubs around the world today.

In reality, the saint’s life wasn’t really a bar tour. In fact, his life was pretty tough.

He had been a slave. He was abused. And then he took on one of the biggest and baddest assignments a priest at that time could imagine–he had to preach in Ireland, a wild land full of wild people who didn’t take kindly to outsiders.

And you thought you had it bad.

But Saint Patrick persevered and went on to conquer the Emerald Isle, at least spiritually speaking. His life may also offer us some ideas to conquer our own wild lands of personal finance.

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Dreams Come True, Investing, Money, Online Investing AI, Success, US Economy , , , , , , , , , ,

Weekly Wisdom: Personal Finance Questions

March 7th, 2010

Stafan Baudy @ Flickr

Personal finance is really about asking the right questions.

Should you buy and hold? Should you sell and walk away?

How much should you save?

How much should you spend?

What’s the best investment?

Unfortunately, I don’t have the answers to all those questions–but a lot of smart bloggers and columnists do. And I’ll let them do the talking in this week’s edition of Weekly Wisdom.

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Business Strategy, Internet, Investing, Money, Online Investing AI, Success , , , , , , ,

Conspiracy of the Rich

January 30th, 2010

I recently read Robert Kiyosaki’s latest book, Conspiracy of the Rich. I highly recommend it to everyone because it explains so much of what is happening around us. It also helps us question so many of the things that we tended to  just accept.

conspiracy-of-the-rich

One of the things he points out is that the government is diluting our money through inflation. And I think it’s true. After doing some research, I discovered that the CPI is not only inaccurate, but is designed to understate inflation. The government pays money to people and other governments based on the CPI. It pays money to people through programs such as social security. It pays other governments to repay the money that it has borrowed.

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