Want More Money? Here’s A No Gimmick Idea Guaranteed To Work If You Work It!
You will often hear me recommend that you use cash for purchases whenever you can. There are many reasons for this.
The most common argument I hear against using cash is: ?I spend it too fast?, followed closely with ?then I wouldn?t get the points on my credit card?. The credit card issue is a separate one, and is easily answered as well, but the first issue needs to be addressed before you can benefit from the credit card points anyway.
What Is The Price Of Your Lifestyle?
I recently attended a presentation where the speaker asked that question in regards to taxes. I realized right away that he could also be talking about interest costs or time costs. The tax issue is one that often draws the most attention because we would all rather pay less tax than more.
Lucky? Financial Planning
Recently, in our neighbourhood we witnessed a spectacular house fire where the home was completely destroyed. An obvious tragedy to the owner, yet a powerful reminder to be grateful for all we have ? including our ability to plan ahead.
Usually these fire stories are reported along with appeals for donations for the unfortunate family who lost everything they owned. Everyone says ?how sad? and pitch in with whatever they can. In this tragedy however, it was reported that the homeowner ?luckily had insurance.?
Treat Yourself To A $1000 Shopping Spree!
You?re in the mall with your husband or friend and are each given $1,000 to spend. The only restriction? it must be gone within one hour. You can do whatever you like with it!! Ready ? set ? spend!!!
If this sounds like something you?d love to do, then do it!! All you need is a note-paper and pen to record the details of the items you intend to purchase on your shopping spree. What?!? You don?t actually spend the money for this to be a terrific experience. It works best if it?s not pre-planned, so one day when you find yourself at the mall try it!! If you are going with your husband, you can decide to shop together with $2,000, or independently ? it?s your choice. The treat is in the process.
How To Retire When You Want With The Money You Want
Is the start early; save as much as you can; get a good return on your money working for you? Savings rates are at an all time low and personal debt levels are staggering. What?s the solution? Work longer? Reduce your lifestyle expectations? The answer is really quite simple, yet seems to be somewhat of a mystery!! Let me tell you, it?s not a se*cret!! The answer is in looking at the situation for an income perspective, not the traditional asset accumulation model we have all adopted.
When Do You Lock In Your Mortgage?
Good Question? Yes, rising interest rates is a consideration, but so are some other things that might be even more important depending on your situation and your overall goals. Here are some things to consider from a situation that came up recently.
The goal in the example is to get the mortgage paid off within 5 years. The interest rate is only one of the technical considerations. Many people make decisions based on these technical details that are out of our control. Yes, managed, but not controlled.