Thought of the Day
Although the connections are not always obvious, personal change is inseparable from social and political change. -Harriet Lerner, psychologist (b. 30 Nov 1944)
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Thought of the Day
Oh, would that my mind could let fall its dead ideas, as the tree does its withered leaves! -Andre Gide, author, Nobel laureate (22 Nov 1869-1951)
Thought of the Day
If you want a symbolic gesture, don't burn the flag, wash it. -Norman Thomas, socialist and social reformer (20 Nov 1884-1968)
Thought of the Day
Through others, we become ourselves. -Lev Vygotsky, psychologist (17 Nov 1896-1934)
Thought of the Day
Everyone discusses my art and pretends to understand, as if it were necessary to understand, when it is simply necessary to love. -Claude Monet, painter (14 Nov 1840-1926)
How to save money.
HOW TO SAVE MONEY. 47% of Americans would have trouble finding $400 2/3 of Americans would struggle to cover $1,000 crisis 1 in 3 Americans has saved $0 for retirement How is it that we are in such a deep mess in this country? Our educational system is part to blame as it does not teach our kids anything about how to handle money wisely. This is such a big part of life and we are not getting prepared for the world. We need to engage with our sons and daughters as often as we can when dealing with money. This is mostly unconscious programming developed early in life. You can change later in life but it will be much harder and there are a lot of distractions. I would suggest that you encourage this habit on your kids while they are young as to develop their self control with money. Give them an allowance and teach them the value of money. Pay them a little to do their chores, this will motivate them with something tangible that they can value. They wil...
Debt repayment simple steps.
Hi everyone, To accomplish paying off your debts, one of the first things you must do is to acknowledge that there is a problem. The problem is a psychological one, your current mindset(way of being) must take a shift to the other side of your financial life as this will require you to suffer a bit to being able to overwrite your subconscious programming in your current life. Let me explain what I mean, I was a bit like you. The difference was that I decided not to carry any more debt and pay off the debts i had. I had a car loan and some credit card debts that were making my life difficult as everything i was earning was going towards paying the monthly minimum for these debts. I researched the topic and implemented a budget to be able to control my spending as well as to know what was my cash flow. First thing you must accomplish is to stop living off the credit cards, stop adding more debt, live off cash for a while until this habit becomes part of who you are. Once i ...
How to build a big nest egg with little effort.
One of my favorite financial advisors. Dave Ramsey on how to build your retirement nest egg. https://www.daveramsey.com/blog/how-to-build-a-big-nest-egg Enjoy!
It's time to CRUSH that debt!
Paying off your debts pays off in the long term. When you don't have to pay interest or no longer owe anyone anything then you can keep everything you earn and if you are wise then you will also invest a good amount of what you save. Think about it, you don't have to owe anyone and yet be able to get what you need, all it takes is patience and self-control.
IRAs
IRA = Individual Retirement Account. Type of IRAs: Traditional IRA : Pretax contributions Roth IRA : Post tax contributions Pretax contributions: Contributions made before taxes are taken out of your salary. Post tax contributions: Contributions made after taxes has been taken out of your salary. When to start contributing? As early as possible, this will allow you to take advantage of compounding. What is compounding? Compounding is the process your money takes to grow, including the addition of interest or capital gains paid. How can you open one of these IRAs? You can open one of these IRAs by visiting any investment firm or bank online. I have mine from: https://www.fidelity.com