Posts Tagged ‘money’

3765088669_bfdfb3a956_t[1]Jim Cramer, host of CNBC’s Mad Money has a net worth of $100 million. He developed his investment strategy while homeless and living out of his car. Very interesting article. http://finance.yahoo.com/news/living-car-cramer-developed-investment-115753521.html

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Is it better to earn a million dollars or save a million dollars? For me, the answer is simple. What good is making a million dollars, if I spend two million dollars? I would still be in debt.

The same holds true for governments. The U.S. government is more than $15 trillion in debt. What good is raising taxes to increase revenue if you don’t also cut spending?  You hear a lot of talk about taxes but the key to deficit reduction lies with reduced and more efficient (less wasteful) spending.

We all know the government is wasteful (and inefficient) with our tax dollars. Below are just a few examples of how your tax dollars were spent wastefully:

  • $592,000 on a study to figure out why chimpanzees throw poop.
  • $35 million allocated for political party conventions in 2012.
  • $475 million worth of oil for the Afghan army that just disappeared and the US can’t account for where it went.

If you want more detailed information, you can read U.S. Senator Tom Coburn, M.D. report on Government Waste http://www.coburn.senate.gov/public//index.cfm?a=Files.Serve&File_id=b69a6ebd-7ebe-41b7-bb03-c25a5e194365

Instead of Democrats and Republicans arguing over taxes, shouldn’t the discussion be focused on how to cut wasteful and inefficient government spending?

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Have you tried to save money and failed?

  • Are you struggling to get out of debt?
  • Are your bills out of control?
  • Do you lay awake at night stressed over money problems?
  • Does your income not meet your financial needs?

If so, How to Create a Budget and Use a Spending Plan will help. In these difficult economic times, getting out of debt and having more money available is the name of the game. In my indispensable e-book, I present simple, reliable, and practical strategies for getting out of debt, having more money available, and saving hundreds if not thousands of dollars each year.

Written in an easy-to-understand way, I teach consumers how to get their financial house in order. How to Create a Budget and Use a Spending Plan helps you leverage one of the most powerful financial tools available-knowledge.

Only “you” can change your life. Don’t you owe it to yourself and to your family? Remember, your debt affects them as well.

Note: this is a downloadable e-book, not a book made of paper.

Click here to buy on Smashwords.com http://www.smashwords.com/books/view/51739

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My Money Jar

Guess what’s on my dresser? It’s a money jar. Inside is all my spare change that I collect each day. Instead of putting spare change into a vending machine, I keep it in my pocket. If I see a penny on the ground, I pick it up. All spare change goes into my money jar.

When the money jar gets full, I take it to the Coinstar machine at the local grocery store or to the bank using coin-wraps. From there, I deposit the money into my checking account. Eventually, the money is transferred to my kids 529 College Savings Plan where it grows over time. If it works better for you, deposit the money into a savings account that earns interest. This is a simple and easy way to build up a little extra money.

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More than four out of ten American millionaires surveyed by Fidelity say they do not feel wealthy. Many said they would need to have at least $7.5 million to feel rich. Just imagine how the rest of us non millionaires feel. I would feel wealthy with less than $7.5 million. You?

Article from Reuters.com.  http://www.reuters.com/article/2011/03/14/us-fidelity-survey-idUSTRE72D3RK20110314

Here’s a cool Money Money Money video by Abba.

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If I make more money, will that get me out of debt? Unfortunately, a larger income alone usually won’t get you out of debt. This sounds counter-intuitive at first until we realize that most people don’t go into debt over lack of money. They go into debt because they spend more than they make. For example, there are famous people who made millions of dollars, but filed bankruptcy, anyway. The list includes Mike Tyson (boxer), Donald Trump (entrepreneur), Anna Nicole Smith (model-actress), Ted Nugent (rock star) and Larry King (talk show host) to name a few. Earning more money will not get you out of debt. The real issue is usually bad spending habits. The reason many people have financial problems is because they have bad spending habits. Using a budget and spending plan are great tools that help you develop good spending habits. They work because they prevent you from spending more than you are making.

To learn more about creating a budget, using a spending plan plus lots of money-saving tips, buy my new e-book, How to Create a Budget and Use a Spending Plan. How to Create a Budget and Use a Spending Plan will help solve your money problems. 

Buy now for only $1.99 http://www.amazon.com/dp/B004VFPKU0 or http://www.smashwords.com/books/view/51739 

Note: This is a downloadable e-book, not a book made out of paper.

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$38,905 for a Dog!

I love dogs and they make great pets. However, a dog is an expensive, big, and long-term commitment. The reality is most people have no idea how much owning a dog costs and most people grossly underestimate the costs.

A dog will need attention, food, routine veterinary treatment, training, grooming, and daily care for 10-15 years. I saw a great article today in PetEducation.com. The article gives low, medium, and high costs of owning a mid-sized dog. In summary, here are the total costs for a 50-pound dog throughout its 14-year lifetime:

  • Low estimate = $4,242
  • Medium estimate = $12,468
  • High estimate = $38,095

 Dogs are definitely “man’s best friend” but before you take that big step and buy a dog, make sure you fully consider the costs involved. You may even want to increase your emergency savings fund a bit for any extra pet expenses that might arise unexpectedly.


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