money insights http://www.wisebread.com/taxonomy/term/13732/all en-US 17 Things You Are Missing Out on for Spending Too Much http://www.wisebread.com/17-things-you-are-missing-out-on-for-spending-too-much <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/17-things-you-are-missing-out-on-for-spending-too-much" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3623004679_3c19752e21_z.jpg" alt="missing out" title="missing out" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Many of us will never reduce our spending even though we know it's beneficial. We put it on our <a title="5 Hi-Tech To-Do Lists" href="http://www.wisebread.com/5-hi-tech-to-do-lists-get-it-done">to-do list</a>, only to leave it there indefinitely. But don't fret, you probably aren't missing much more than these 17 things. (See also: <a title="Reduce Your Credit Limits to Manage Your Spending" href="http://www.wisebread.com/reduce-your-credit-limits-to-manage-your-spending">Reduce Your Credit Limits to Manage Your Spending</a>)</p> <p><strong>1. A job you like instead of one that makes you money.</strong> The vast majority of us work because we need the income. If you have great spending habits, you can work on jobs that you are passionate about instead of one that just pay your bills. Over time, you might end up making more money.</p> <p><strong>2. A safety net for unexpected events.</strong> Accidents will happen sooner or later. You don't have to reduce your spending if you have a job that makes you oodles of money, but for the majority of us, get busy!</p> <p><strong>3. The beauty of less clutter.</strong> Do you remember rediscovering all your spending memories when you move? Unfortunately for us, most of what we buy is usually useless. If we spend less, we just have less to throw away!</p> <p><strong>4. Less clutter in the house.</strong> Forget waiting until we move. When we buy less, we have less clutter so there is more room for us to enjoy.</p> <p><strong>5. Less stress from the little costs.</strong> Gas prices are creeping up again, but I'm not too worried because it's a very small portion of how much I'm able to save every month. If I lived paycheck to paycheck, then I need to worry big time even though I can't really do much about it.</p> <p><strong>6. Ability to make investments when they are undervalued, not when money finally comes your way.</strong> Wealthy people can invest more when the market is down because they have the cash. Can you?</p> <p><strong>7. Quitting when you want.</strong> Many people want to quit but they can't. Reason? No savings and too much spending. Funny how this is as much a problem for high income earners as well as low. For some people, their paycheck is never enough.</p> <p><strong>8. Being a good example for your kids.</strong> We all want the best for our kids and want to teach them sound financial fundamentals. If we can't control our spending, how can we expect anyone to?</p> <p><strong>9. Feeling financially secure.</strong> Need I say more?</p> <p><strong>10. Sharpening your mind.</strong> Spending less is not as easy as spending whenever you feel like. When you need to think more, you train your mind. It's like going to the gym but instead of toning your muscles, you are sharpening your brain cells.</p> <p><strong>11. Money to ride the emotional waves.</strong> When you are living paycheck to paycheck and cash flow is always tight, it is very hard to stay calm when the stock market tanks. More savings means that you are less dependent on short term results, which often translates to better long term success.</p> <p><strong>12. Less debt.</strong> No matter how you spin it, there is no good debt. Three words for you: eliminate, eliminate, and eliminate.</p> <p><strong>13. Affordability increases.</strong> Less spending equals more savings. With more at the bank, you have comfort knowing that you can afford something even if you don't end up buying it. Sounds insignificant, but this is very powerful.</p> <p><strong>14. Better interest rates.</strong> Bank managers have the power to increase your CD interest rates. The higher your savings with a bank, the higher the chances that you will be offered a better rate. (This works for online savings accounts too, so it's not just brick and mortar banks.)</p> <p><strong>15. More privileges with more assets.</strong> Wealthy clients don't just get better interest rates, they get much more attention too. This means your questions are answered more thoroughly, and your needs better met.</p> <p><strong>16. Cheaper loans.</strong> Part of our credit score is dependent upon the ratio of our available credit and the debt we carry. If we lower our spending and increase this ratio, it will translate to better credit scores, and thus cheaper loans.</p> <p><strong>17. Freedom.</strong> Spending less is not just about money but rather flexibility. Imagine saying no to your boss because you can, imagine not knowing what the stock market did because it doesn't matter, and imagine what you can do if you just reduce your spending today.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/david-ning">David Ning</a> of <a href="http://www.wisebread.com/17-things-you-are-missing-out-on-for-spending-too-much">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/i-am-doing-well-financially-now-what">I Am Doing Well Financially. Now What?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/financial-tricks-to-master-for-a-happier-life">Financial Tricks to Master for a Happier Life</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-types-of-friends-who-are-costing-you-money">10 Types of Friends Who Are Costing You Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Lifestyle declutter money insights spending Mon, 12 Jul 2010 12:00:09 +0000 David Ning 173759 at http://www.wisebread.com 51 Unusual Money-Saving Tips from Readers http://www.wisebread.com/51-unusual-money-saving-tips-from-readers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/51-unusual-money-saving-tips-from-readers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3162921347_3743b2e360_z.jpg" alt="money on ice" title="money on ice" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>As a writer for Wise Bread, I get a fair number of emails that actually offer advice, rather that asking for it. Most of the time that advice is sound. Usually, I will either already know about it, or feature it in an upcoming article. But occasionally I get stuff that makes me scratch my head. (See also: <a title="Frugal Uses for a Camera" href="http://www.wisebread.com/frugal-uses-for-a-camera">Frugal Uses for a Camera</a>)</p> <p>&quot;Are they serious?&quot; I wonder, &quot;or are they playing with me?&quot; Well, rather than let these nuggets go to waste, I thought I'd share them with you all. Maybe you can help sort the good eggs from the bad. Some are obviously more absurd than others though, and remember, these didn't come from me. They're from some of the more &quot;inventive&quot; readers of Wise Bread (you'll soon see what I mean&hellip;No. 3 is a perfect example). I have put my own notes in parentheses on some of these &mdash; I just had to comment.</p> <h3>1. Use furniture wax on your car.</h3> <p>Just spray it on and shine it to a quick buff! Much quicker than car wax and it's just as effective!! <em>(Hmm, just as effective? Somehow I doubt that&hellip;)</em></p> <h3>2. Marry someone frugal.</h3> <p>If you're having trouble with money, seek out a partner that has a great financial head on their shoulders. If you're in debt, they'll help you get out of it. If you throw money away, they'll help you save.</p> <h3>3. Don't waste money on toilet paper. Use newspaper, junk mail, bills and more!</h3> <p>There is a great deal of satisfaction that comes from wiping your butt on a credit card mailing or an electricity bill. And it helps the environment as well as your pocket!</p> <h3>4. Unplug everything In your home when you're not using it. Even clocks!</h3> <p>Before I go to bed at night, I spend 10 minutes walking around the home unplugging everything that isn't in use. That includes the TV, the DVD player, the toaster, the computer and even the alarm clock on my nightstand if I'm not at work the next day. Saves me a bunch of money every month as these items all <a title="The Cost of Standby Power" href="http://www.wisebread.com/hands-in-your-pocket-the-cost-of-standby-power-environmental-and-otherwise">drain power</a>.</p> <h3>5. Turn your old wine into vinegar.</h3> <p>If you've got some old wine laying around that isn't drinkable, you can turn it into <a title="30 Household Products Vinegar Can Replace" href="http://www.wisebread.com/30-household-products-vinegar-can-replace">vinegar</a>. Just pour it into a container, preferably a barrel, and let it age. Voila, fine vinegar!</p> <h3>6. Top-up your condiments with packets from fast-food restaurants.</h3> <p>You always get a bunch of extra ketchups, mustards, mayos and other condiments when you eat at a fast-food joint. Don't throw them away. Open them up and pour them into your bottled condiments at home. You'll be surprised how much longer your bottle of ketchup will last.</p> <h3>7. Ladies, order LARGE meals on dates!</h3> <p>Hey, when you're taken out to dinner make the most of it. I know I do. Just order a large meal and take half of it home in a box or doggy bag. Two free meals for the price of one.</p> <h3>8. Spend less money than you make.</h3> <p>Need I say more? <em>(Nope, and this is shortest tip I've ever received.)</em></p> <h3>9. Double your toilet paper by separating it.</h3> <p>Buy 2-ply paper and pull it apart to make 1-ply. You can get four rolls out of one double-roll. <em>(Is this even worth the time and effort?)</em></p> <h3>10. Limit toilet paper usage to two sheets per wipe.</h3> <p>Put a sign above the toilet at home reminding people exactly how much to use each time. <em>(There's frugal. There's cheap. This one needs a new category.)</em></p> <h3>11. Cut your own hair.</h3> <p>It's not difficult. Also cut the hair of your children and the rest of your family. You'll save a small fortune.</p> <h3>12. Use the free envelopes you get with bills and junk mail.</h3> <p>Cover the company's address with a label, put on your own stamp and use it for whatever you want.</p> <h3>13. Get free lemonade whenever you eat out.</h3> <p>Order a glass of water with extra lemons, pour in some sweetener from the beverage holder and hey presto, lemonade for free!<em> (I know for a fact that some people actually do this and most waiters hate it.)</em></p> <h3>14. Free umbrellas are always available.</h3> <p>Just pop along to your local library and tell them you lost one. They usually have a stash in the lost and found section &mdash; say yours is black and small and they'll almost always have one. Score! It also works for sunglasses. <em>(I'd say this one is stealing. But some people disagree.)</em></p> <h3>15. Buy something for $1. Sell it for $2. Repeat.</h3> <p><em>(More money-making than money-saving.This one actually came from a friend of mine. It was a joke at the time, but to be honest I think he's right on. Buy low, sell high, repeat, retire. It should be taught in every school.)</em></p> <h3>16. Plant fake flowers in your garden.</h3> <p>They last for years, require no maintenance and are in full bloom in winter.</p> <h3>17. Use old toilets as flower planters.</h3> <p>They look bold and attractive <em>(??)</em> and are usually available for free on <a title="Craigslist" href="http://www.craigslist.org">Craigslist</a>.</p> <h3>18. Use your employer's resources.</h3> <p>It's not stealing if you use them at work. Don't bring your own headache pills, tissues or drinks. Your employer should provide them all and you should take full advantage, including the endless supply of free coffee and tea!</p> <h3>19. Turn off your car engine at red lights.</h3> <p>You will save a bunch of gas over time instead of leaving the engine idling.</p> <h3>20. One man's trash is another man's treasure.</h3> <p>There's no shame in going through the neighbors' trash once it has been placed outside for collection. It's public domain, and you can pick up some great things that other people just don't want or need any more.</p> <h3>21. Free food from the grocery stores.</h3> <p>They throw away perfectly good food every night. You can eat like a king for free on the bags of food they throw away at the end of the day.</p> <h3>22. Take a &quot;vacation&quot; at Christmas to save money on gifts.</h3> <p>Just let everyone know you're going away for the holidays and will exchange gifts when you return. Then lay low, buy all of your presents in the after-Christmas sales for way less money and have a very happy New Year!</p> <h3>23. Keep one cup from every fast-food restaurant you visit.</h3> <p>Whenever you go back, just take the cup in with you and refill it at the fountain. You'll never have to pay for a drink again! <em>(I'm sure this one is stealing.)</em></p> <h3>24. Cover your floors with carpet samples.</h3> <p>You can pick them up very cheap, and sometimes free, from most carpet and hardware stores. Just arrange them in squares and glue them down. Great for a basement, playroom or even a hobby room. Also works with wallpaper samples.</p> <h3>25. Spill your drink at a bar or restaurant.</h3> <p>Wait until your beer is around one-third full, then get in the way of a member of the wait staff and make sure they &quot;make&quot; you spill your drink. They'll usually offer to get you a free replacement, and it will be FULL! <em>(Yep, this one is really dishonest.)</em></p> <h3>26. Keep a pitcher close to the sink.</h3> <p>When you're running the faucet waiting for the hot water to come through, let the pitcher catch the cold water. You can use it later to water plants, flowers or boil pasta.</p> <h3>27. Donate your clothes then buy them back.</h3> <p>The local charity will clean them for you, and you can just pop back in a week, buy the ones you want for a few bucks. It's cheaper than a dry cleaner. <em>(I think this is a joke...but the guy sounded as serious as a funeral.)</em></p> <h3>28. Train your cat to use the toilet.</h3> <p>It's easy to train a cat to jump up onto the seat and go into the toilet. It will save you a fortune in cat litter. Getting him to flush is the hard part.</p> <h3>29. Get your paint at one quarter of the price.</h3> <p>So this one is sneaky but it works. Pick out the exact color you want and get it mixed in the quantity you want. Take it back the next day to the hardware store you got it from and say the shade is off. They'll give you a full refund, and also put the &quot;bad tint&quot; on the sale shelf for $5 a can, roughly $15 less than the full price. Just go in the next day and buy all your paint back! Score!! <em>(I'm sure it works, but man is that dishonest.)</em></p> <h3>30. Free flowers for birthdays, weddings and more!</h3> <p>Just go to a nearby cemetery and swipe some new flowers from a grave. The dead people won't miss them and someone else will get a smile from them.<em> (Karma anyone?)</em></p> <h3>31. Use Canadian coins in laundromats and soda machines.</h3> <p>The exchange rate will give you a saving. <em>(This must be really old. Our currencies are now so close it would not be worth the effort.)</em></p> <h3>32. Old hair makes great stuffing for pillows.</h3> <p>If you don't cut your own hair, the local barber shop or hair salon will gladly give you the cuttings from the floor. It's soft, free and biodegradable.</p> <h3>33. Newspapers make great blankets.</h3> <p>They're not just for homeless people. If you get chilly at nights, slip newspaper pages between the sheet and duvet. Newspaper is a tremendous insulator.</p> <h3>34. Shop at midnight.</h3> <p>Those late-night hours are great. You'll have no lines at the checkout, no crowded aisles, and your pick of the bargains and markdowns that are being put out for the next day.</p> <h3>35. Flush with less water.</h3> <p>Place a common house brick inside a plastic bag and seal it. Repeat this seal with another bag, just to make it super water proof (you don't want brick corrosion). Put this in your toilet's tank and it will save you a lot of money on your water bill over the years.</p> <h3>36. Learn to speed read.</h3> <p>You'll be amazed at how many new books you can read for free if you increase your reading speed. I spend an hour or two at Borders almost every evening and usually get through two brand new books every week. No charge.</p> <h3>37. Go through the trash at a college campus on move-out day.</h3> <p>College kids throw things out with no regard for their worth. They just want them gone, and they don't want to move them. I have picked up refrigerators, microwaves, desks, chairs, shelves and even TVs!</p> <h3>38. Negotiate your hours at work.</h3> <p>Rush hour driving is a gas guzzling experience. Train tickets are also more expensive at rush hour. See if you can start early and leave early. You'll work the same hours but save commuting cash!</p> <h3>39. Chop your veggies before you check out.</h3> <p>Most of the time, the real weight from your broccoli, beets and other veg comes from the thick stalks and stems. Cut them off, you'll cut the price by at least half!</p> <h3>40. The ice cream con job.</h3> <p>To most kids, the sound of the ice cream truck is a sign to come inside and beg for money for an overpriced popsicle. But not in my house. I told my kids that when the ice cream truck plays a tune, he has ran out! Then, I give them a much less expensive popsicle from my own freezer. <em>(But means that one...one day, they will find out!)</em></p> <h3>41. Drive at 55 mph on the highways.</h3> <p>It may take you a little longer to get where you're going, but this is the optimal speed for good fuel consumption. You'll get a way <a title="How to Save $0.54 per Gallon on Gas" href="http://www.wisebread.com/how-to-save-0-54-per-gallon-on-gas">better mpg from your car</a>.</p> <h3>42. Don't throw away old, bruised and soft fruit.</h3> <p>They can be great for making smoothies, muffins and other snacks and drinks that require flavor without needing the fruit to be in perfect condition.</p> <h3>43. Use your electric oven wisely.</h3> <p>These things take so long to cool down that you can actually turn them off 5 minutes before the cooking time is up, and your dish will come out fine. Also works well with toaster ovens.</p> <h3>44. Dump your partner at the right time.</h3> <p>If you're thinking of quitting a relationship, make sure you exit before any major anniversaries, birthdays or anything like that. The last thing you want to do is buy an expensive present right before you go your separate ways. <em>(I'd call that one a bit mercenary.)</em></p> <h3>45. Go at least one year without buying clothes or shoes.</h3> <p>I'm serious! Usually, you're just buying on impulse anyway. It's been proven that most of us only use about 20% of the stuff in our closets, so why add more to that unused portion? After a year, you will have saved hundreds and hundreds of dollars.</p> <h3>46. Guys, don't get married.</h3> <p>There may be tax breaks but when you're single you're rolling in money, even on a low salary. Get married and it will all go away. For a start, women need way more money than men, including toiletries, clothes, shoes, hair styling and more. Most women can't go five days on one big batch of chili or spaghetti &mdash; they want variety. And salads cost a fortune too. Once you start having kids, kiss goodbye to any extra cash you did have. Seriously, stay single. It's the best way to save money. <em>(Have to point out as a happily married guy with two kids that I do not agree with this one at all. But I do like big batches of chili!)</em></p> <h3>47. Do the gift-giving lottery.</h3> <p>Simple premise but it saves all of us a fortune in my family. We put all the names in a hat at Christmas, and then each pick out one. Kinda like secret santa, but without the secret. And that way, you're all not buying gifts for everyone. Big waste of money that holiday.</p> <h3>48. Become good friends with your neighbors.</h3> <p>They will always have things that you can borrow instead of buying them. My neighbor comes over to use my edger, and I use his cultivator. Works great.</p> <h3>49. Tear baby wipes, make-up wipes and all other wipes in half.</h3> <p>They're just as effective in a smaller size and they will last you twice as long.</p> <h3>50. Go on a one-day-a-week fast.</h3> <p>That means only six days a week of meals instead of seven. Over 52 weeks, that's over 150 combined breakfasts, lunches and dinners that you don't have to buy. And you'll lose weight too!<em> (Umm&hellip;talk to your doc on that one. Sounds unhealthy to me.)</em></p> <h3>51. Shop with a friend.</h3> <p>All those BOGO offers are great, but only if you need two. Instead, split them with a buddy and split the bill. Score!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/51-unusual-money-saving-tips-from-readers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-dumb-ways-youre-going-to-waste-money-this-summer">9 Dumb Ways You&#039;re Going to Waste Money This Summer</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-2016-budget-challenge-does-taking-a-regular-day-job-mean-giving-up">My 2016 Budget Challenge: Does Taking a Regular Day Job Mean Giving Up?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-70-brilliant-ways-to-beat-the-heat-this-summer">Flashback Friday: 70 Brilliant Ways to Beat the Heat This Summer</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-surprising-ways-summer-will-cost-you">7 Surprising Ways Summer Will Cost You</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/moving-dont-skimp-on-these-critical-expenses">Moving? Don&#039;t Skimp on These Critical Expenses</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living money insights Mon, 21 Sep 2009 15:00:01 +0000 Paul Michael 3626 at http://www.wisebread.com 10 Life and Money Lessons Learned From Immigrant Parents http://www.wisebread.com/10-life-and-money-lessons-learned-from-immigrant-parents <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-life-and-money-lessons-learned-from-immigrant-parents" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/wheat_harvest_pellegrina_2.JPG" alt="" title="" class="imagecache imagecache-250w" width="250" height="180" /></a> </div> </div> </div> <p>My parents were both born in Southern Italy where unemployment is high and quality of life is superb. My mother, Annunziata, made it to the 7th grade and my father, Tommaso, has the equivalent of a technical high school diploma. Both of my parents immigrated to the U.S. in 1975 and are currently debt free, own their own two-family home, and have plenty of cash in savings. They are, in many ways, leading the American dream &mdash; by not adopting the principles of American consumerism.</p> <p>My parents have taught me many lessons about saving money and leading a high quality life via being practical, but the following 10 lessons were most influential in shaping how I lead my life as a 30-something today. Some of the lessons are what would be described as old school and some may be overly simplistic, but the hard truth is that each lesson works! (See also: <a title="7 Important Lessons Frugal Parents Teach Their Children" href="http://www.wisebread.com/7-important-lessons-frugal-parents-teach-their-children">7 Important Lessons Frugal Parents Teach Their Children</a>)</p> <h3>Lesson 1: &quot;Save like you have no job and 6 mouths to feed.&quot;</h3> <p>For my parents, <a title="4 Things to Consider Before You Open an Online Savings Account" href="http://www.wisebread.com/4-things-to-consider-before-you-open-an-online-savings-account">saving</a> was akin to a religion. They didn't save 10 or 20 percent of their paycheck; rather they saved close to half of their take home pay. I suspect the urge to save is an instinctual feeling for many recent immigrants who arrive in a new country with no job and no home. The ability to save such a large percentage of what they made was dependent on controlling how much they spent each week. If you live well below your means you can save a large percentage of your weekly income.</p> <h3>Lesson 2: &quot;Look for non-material ways to feel rich.&quot;</h3> <p>My parents have never owned a fancy car or purchased luxury clothes or items. My parents hardly dine out or buy pre-cooked or packaged food. Rather, Annunziata and Tommaso find true fulfillment in family, great food, wine, and visiting the country where they were born. My parents appreciate nice, material things, but they are not defined or fulfilled via acquiring the aforementioned things.</p> <h3>Lesson 3: &quot;Use your network for help.&quot;</h3> <p>This means finding an uncle who does plumbing and a cousin who is a paralegal at a law firm. My parent's family network has helped me, personally, with home improvement, legal advice, emergency situations (taking care of babies or a ride to the hospital), etc. If I had to pay a stranger every time I needed something done in my life, I would not only be broke, but I would lack real friends and family. The real life lesson here is to nurture family relationships and not rush to pay someone to do something for you. (There are other ways to reward people without a large check.)</p> <h3>Lesson 4: &quot;What's a credit card?&quot;</h3> <p>If you look at my dad's wallet on a typical day it would resemble George Costanza's wallet from Seinfeld &mdash; full of notes and papers and a good amount of cash. My father pays for everything in cash, and if he doesn't have the cash, he will either not purchase the item or go to the bank and take out money. My parents have had very little credit card activity over the last 30 years, and I think it's a key component to their practical lifestyle &mdash; that is to say, you can't buy stuff if you don't have the cash!</p> <h3>Lesson 5: &quot;You can't count on your job &mdash; always have other sources of income.&quot;</h3> <p>My parents bought a two-family home shortly after arriving in the U.S. The logic behind purchasing a two-family home centered on having a monthly reoccurring revenue stream outside of a normal job. Sure, they would have liked a single family home with a larger yard and without constant maintenance in their rental unit, but they like the cash more! Do you have cash coming in every month outside of your normal job? If not, you may not be as financially secure as you think you are!</p> <h3>Lessons 6: &quot;Do it yourself.&quot;</h3> <p>My parents are both incredibly crafty. My dad performs his own car repairs, produces homemade wine, renovates his own home (including plumbing and electrical), cuts his own grass, and more. My mother makes all of her own food, cans tomatoes and vegetables, sews, cleans, and grows and tends a garden, among many other things. My parents have often told me that if the world were to fall into disrepair they would have no problem living their life. They are independent and self sufficient.</p> <h3>Lesson 7: &quot;Trust your family, be wary of everyone else.&quot;</h3> <p>This may sound like a line out of the Godfather, but the fact that American society is based on a capitalist operating principle will motivate everyone from the shop owner to the general contractor to make as much money as possible from you, and there are no safety nets when it comes to preserving the wealth you've worked hard to acquire. This life lesson is akin to former Intel CEO Andy Groove's line: &quot;Only the Paranoid Survive.&quot;</p> <h3>Lesson 8: &quot;You are not defined by your job or fame.&quot;</h3> <p>A job or career usually defines most adults in Anglo-Saxon cultures. Ask any typical American about their life, and the narrative usually centers on their work or job. If you ask the typical person from Southern Italy about their life, they'll tell you stories about their family, homeland, last name, daughters, sons, food they grow, or wine they make. (I swear this isn't connected to the high unemployment rate.) My parents are defined by who they are and not the job they do for someone else or the amount of money in their paycheck each week. This is a powerful principle to live by, and once you truly embrace it, the byproduct can be quite liberating.</p> <h3>Lesson 9: &quot;Think big picture.&quot;</h3> <p>Do you ever become overwhelmed by a problem you can't, for the life of you, see past the immediate future? Maybe you're worried about your job or if little Timmy will get accepted to Harvard in a few years, for example? These are illustrations of &quot;small picture&quot; thinking, and it can handicap many individuals from getting through tough moments in their life. Like many immigrants, my parents had to somehow block out the immediacy of not having much when they arrived in the US, in order think long term about the type of life they would someday lead.</p> <h3>Lesson 10: &quot;Ignore your neighbors.&quot;</h3> <p>I'm convinced that many individuals lead their life according to the goings-on of their neighbors. For example, if Doris next door leases a shiny new German sedan, you may be compelled to question the worth or legitimacy of your 10-year-old Ford sitting in the driveway. If, by the miracle of home refinancing, Doris adds another 800 square feet to her over-leveraged center hall colonial, you may all of sudden feel cramped in your tiny Cape-Cod-style home. What is my parents' opinion of neighborhood goings-on? Make friends, and be a good neighbor, but don't follow the neighbor into debt and materialism.</p> <div class="field field-type-text field-field-guestpost-blurb"> <div class="field-label">Guest Post Blurb:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <p>&nbsp;<span style="font-size: 10pt; font-family: Arial; color: black;">This is a guest post from Vince Scordo.<span style="">&nbsp;Check out these other great articles from&nbsp;</span>Scordo.com:</span></p> <ul> <li><a href="http://www.scordo.com/2009/08/guide-to-renovating-your-kitch.html">Guide to Renovating Your Kitchen</a></li> <li><a href="http://www.scordo.com/2008/12/why-you-should-not-eat-out-and.html ">Why Eating Out Is a Waste of Money and 20 Recipes</a></li> <li><a href="http://www.scordo.com/2008/12/ten-tips-for-recent-college-gr.html ">Tips for College Grads</a></li> </ul> <p>&nbsp;</p> </div> </div> </div> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/vincent-scordo">Vincent Scordo</a> of <a href="http://www.wisebread.com/10-life-and-money-lessons-learned-from-immigrant-parents">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-things-you-are-missing-out-on-for-spending-too-much">17 Things You Are Missing Out on for Spending Too Much</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-70-brilliant-ways-to-beat-the-heat-this-summer">Flashback Friday: 70 Brilliant Ways to Beat the Heat This Summer</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-surprising-ways-summer-will-cost-you">7 Surprising Ways Summer Will Cost You</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-can-do-to-reduce-your-risk-of-diabetes">10 Things You Can Do to Reduce Your Risk of Diabetes</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-life-is-wonderful-when-youre-debt-free">6 Ways Life is Wonderful When You&#039;re Debt-Free</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Lifestyle money insights Mon, 21 Sep 2009 14:00:04 +0000 Vincent Scordo 3618 at http://www.wisebread.com 64 Funny, Inspiring and Stupid Money Quotes From Famous People http://www.wisebread.com/64-funny-inspiring-and-stupid-money-quotes-from-famous-people <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/64-funny-inspiring-and-stupid-money-quotes-from-famous-people" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3527642654_c52c8856d5_z.jpg" alt="Benjamin Franklin" title="Benjamin Franklin" class="imagecache imagecache-250w" width="250" height="185" /></a> </div> </div> </div> <p>People love quoting <a title="How to Turn Average Talent into Fame and Fortune" href="http://www.wisebread.com/how-to-turn-average-talent-into-fame-and-fortune">famous</a> people. Whether the celebrity in question is a genius or not, we love a good sound byte. We've collected quotes from presidents, movie stars, philosophers, athletes, and even Paris Hilton on everybody's favorite topic: Money. (See also: <a title="How Money Can Destroy Your Dreams" href="http://www.wisebread.com/how-money-can-destroy-your-dreams">How Money Can Destroy Your Dreams</a>)</p> <p>1. &quot;Early to bed, early to rise, keeps you healthy, wealthy and wise.&quot; - Benjamin Franklin</p> <p>2. &quot;For I don't care too much for money, for money can't buy me love.&quot; - The Beatles</p> <p>3. &quot;Money is like a sixth sense - and you can't make use of the other five without it.&quot; - William Somerset Maugham</p> <p>4. &quot;A penny saved is a penny earned.&quot; - Benjamin Franklin</p> <p><strong>5. &quot;Time is more valuable than money. You can get more money, but you cannot get more time.&quot; - Jim Rohn</strong></p> <p>6. &quot;Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtlessly by the Americans themselves.&quot; - Albert Einstein</p> <p>7. &quot;Money, if it does not bring you happiness, will at least help you be miserable in comfort.&quot; - Helen Gurley Brown</p> <p>8. &quot;Money is better than poverty, if only for financial reasons.&quot; - Woody Allen</p> <p><img height="403" width="605" alt="Woody Allen" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u784/woodyallen.jpg" /></p> <p><strong>9. &quot;Money is not the most important thing in the world. Love is. Fortunately, I love money.&quot; - Jackie Mason</strong></p> <p>10. &quot;If you would be wealthy, think of saving as well as getting.&quot; - Ben Franklin</p> <p>11. &quot;What difference does it make how much you have? What you do not have amounts to much more.&quot; - Seneca</p> <p>12. &quot;If you want to know what God thinks about money, just look at the people He gives it to.&quot; - Dorothy Parker</p> <p>13. &quot;Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.&quot; - Charles Dickens</p> <p>14. &quot;It doesn't matter if you're black or white... the only color that really matters is green.&quot; - Family Guy</p> <p><strong>15. &quot;My problem lies in reconciling my gross habits with my net income.&quot; - Errol Flynn</strong></p> <p>16. &quot;If you would know the value of money, go and try to borrow some.&quot; - Benjamin Franklin</p> <p>17. &quot;Money is the opposite of the weather. Nobody talks about it, but everybody does something about it.&quot; - Rebecca Johnson</p> <p>18. &quot;Lack of money is the root of all evil.&quot; - George Bernard Shaw</p> <p>19. &quot;The mint makes it first, it is up to you to make it last.&quot; - Evan Esar</p> <p>20. &quot;What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us.&quot; - Julia Cameron</p> <p>21. &quot;Money is usually attracted, not pursued.&quot; - Jim Rohn</p> <p>22. &quot;The safest way to double your money is to fold it over and put it in your pocket.&quot; - Kin Hubbard</p> <p>23. &quot;Money will come when you are doing the right thing.&quot; - Mike Phillips</p> <p>24. &quot;The chief value of money lies in the fact that one lives in a world in which it is overestimated.&quot; - H. L. Mencken</p> <p>25. &quot;You use your money to buy privacy because during most of your life you aren't allowed to be normal.&quot; - Johnny Depp</p> <p><img height="404" width="605" alt="Johnny Depp" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u784/johnnydepp.jpg" /></p> <p>26. &quot;It is pretty hard to tell what does bring happiness; poverty and wealth have both failed.&quot; - Kin Hubbard</p> <p>27. &quot;A bank is a place that will lend you money if you can prove that you don't need it.&quot; - Bob Hope</p> <p>28. &quot;What's a soup kitchen?&quot; - Paris Hilton</p> <p>29. &quot;The easiest way for your children to learn about money is for you not to have any.&quot; - Katharine Whitehorn</p> <p>30. &quot;The art is not in making money, but in keeping it.&quot; - Proverb</p> <p>31. &quot;Cocaine is God's way of saying you're making too much money.&quot; - Robin Williams</p> <p>32. &quot;Finance is the art of passing money from hand to hand until it finally disappears.&quot; - Robert W. Sarnoff</p> <p><strong>33. &quot;Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like.&quot; - Will Smith</strong></p> <p>34. &quot;Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.&quot; - Donald Trump</p> <p>35. &quot;You don't have to die in order to make a living.&quot; - Lynn Johnston</p> <p>36. &quot;I used to have a drug problem, but now I have enough money.&quot; - David Lee Roth</p> <p><strong>37. &quot;The trick is to stop thinking of it as 'your' money.&quot; - IRS auditor</strong></p> <p>38. &quot;Money is like love; it kills slowly and painfully the one who withholds it, and enlivens the other who turns it on his fellow man.&quot; - Kahlil Gibran</p> <p>39. &quot;So you think that money is the root of all evil. Have you ever asked what is the root of all money?&quot; - Ayn Rand</p> <p>40. &quot;Dogs have no money. Isn't that amazing? They're broke their entire lives. But they get through. You know why dogs have no money? .. No Pockets.&quot; - Jerry Seinfeld</p> <p>41. &quot;Someday I want to be rich. Some people get so rich they lose all respect for humanity. That's how rich I want to be.&quot; - Rita Rudner</p> <p>42. &quot;The art of living easily as to money is to pitch your scale of living one degree below your means.&quot; - Sir Henry Taylor</p> <p><strong>43. &quot;Money is the best deodorant.&quot; - Elizabeth Taylor</strong></p> <p><img height="403" width="605" alt="Elizabeth Taylor" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u784/elizabethtaylor.jpg" /></p> <p>44. &quot;Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.&quot; - Ayn Rand</p> <p>45. &quot;I was so poor growing up...if I wasn't a boy...I'd have nothing to play with.&quot; - Rodney Dangerfield</p> <p>46. &quot;A wise man should have money in his head, but not in his heart.&quot; - Jonathan Swift</p> <p>47. &quot;He who marries for love without money has good nights and sorry days.&quot; - Anonymous</p> <p>48. &quot;Anyone who lives within their means suffers from a lack of imagination.&quot; - Oscar Wilde</p> <p>49. &quot;A nickel ain't worth a dime anymore.&quot; - Yogi Berra</p> <p>50. &quot;Make money your god and it will plague you like the devil.&quot; - Henry Fielding</p> <p>51. &quot;When I was young I thought that money was the most important thing in life; now that I am old I know that it is.&quot; - Oscar Wilde</p> <p>52. &quot;Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.&quot; - Benjamin Franklin</p> <p>53. &quot;Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.&quot; - Groucho Marx</p> <p>54. &quot;The glow of one warm thought is to me worth more than money.&quot; - Thomas Jefferson</p> <p>55. &quot;Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work.&quot; - Robert Orben</p> <p>56. &quot;Money often costs too much.&quot; - Ralph Waldo Emerson</p> <p>57. &quot;Money will buy you a fine dog, but only love can make it wag its tail&quot; - Richard Friedman</p> <p>58. &quot;Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.&quot; - Johann Wolfgang von Goethe</p> <p>59. &quot;If you think nobody cares if you're alive, try missing a couple of car payments.&quot; - Earl Wilson</p> <p>60. &quot;Don't tell me where your priorities are. Show me where you spend your money and I'll tell you what they are.&quot; - James W. Frick</p> <p>61. &quot;Formal education will make you a living; self-education will make you a fortune.&quot; - Jim Rohn</p> <p>62. &quot;If you pay peanuts, you get monkeys.&quot; - James Goldsmith</p> <p>63. &quot;Money is the barometer of a society's virtue.&quot; - Ayn Rand</p> <p>64. &quot;It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.&quot; - George Lorimer</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/glen-stansberry">Glen Stansberry</a> of <a href="http://www.wisebread.com/64-funny-inspiring-and-stupid-money-quotes-from-famous-people">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-would-you-do-with-a-million-dollars">What Would You Do With a Million Dollars?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-things-you-are-missing-out-on-for-spending-too-much">17 Things You Are Missing Out on for Spending Too Much</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-most-important-financial-moments-of-your-life">The 7 Most Important Financial Moments of Your Life</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/where-to-turn-for-help-when-you-dont-have-an-emergency-fund">Where to Turn for Help When You Don&#039;t Have an Emergency Fund</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-personal-finance-skills-everyone-should-master">12 Personal Finance Skills Everyone Should Master</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance money insights Tue, 02 Jun 2009 16:28:35 +0000 Glen Stansberry 3221 at http://www.wisebread.com 8 Truths From a Mystery Shopper You Must Read Before You Get Started http://www.wisebread.com/8-truths-from-a-mystery-shopper-you-must-read-before-you-get-started <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-truths-from-a-mystery-shopper-you-must-read-before-you-get-started" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3190584489_b581ef7b51_z.jpg" alt="woman shopping" title="woman shopping" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>I have a few friends who have started mystery shopping for <a title="8 Fun Ways to Make Money" href="http://www.wisebread.com/8-fun-ways-to-make-money">extra cash</a>. All in all, it's a respectable gig for someone with some time, ambition, and a desire to do something different. Having mystery shopped for dozens of companies over the past six years, however, I have some advice to share. These eight tips are vital to making money in this somewhat misunderstood profession. (See also: <a title="Fine Dining on a Take-Out Budget" href="http://www.wisebread.com/fine-dining-on-a-take-out-budget">Fine Dining on a Take-Out Budget</a>)</p> <h3>1. Mystery shopping can be tough to get into.</h3> <p>If you're OK with starting out doing $8 gigs for ordering a fast food meal, then chances are great that you can begin right away. The higher paying shops, however, are usually reserved for those with experience. If you want to earn a reputation for being a dependable shopper, I suggest visiting the <a title="Mystery Shopping Providers Association" href="http://www.mysteryshop.org/">MSPA's website</a> and getting at least a <a title="MSPA shopper certification" href="http://www.mysteryshop.org/shoppers/certification.php">silver status certification</a>. Yes, it costs money. (Think of it as a &quot;move to the head of the line&quot; pass for most mystery shopping jobs.) Many reputable companies will only schedule certified shoppers for their jobs.</p> <h3>2. You can't earn money if you don't spend it.</h3> <p>Guess what? Mystery shopping requires you to shop (in most cases). Since they don't mail you cash up front, it is your responsibility to be able to cover your purchases for the shop. It also takes between 30 and 90 days to get reimbursed. If you can't spare this money, this may not be the job for you.</p> <h3>3. A successful shop requires an eye for detail.</h3> <p>I loved doing the fine dining shops. The problem was, I had a difficult time remembering all the details I needed to complete the shop. I had to covertly keep tabs on the names of every person I came in contact with, what they were wearing, what they said, what my food tasted like, etc. Needless to say it was work! If you are looking for mystery shopping to be your free meal ticket, understand that there will not be much time for relaxing. While it is true that some shops require little work, others require much, much more.</p> <h3>4. Payment depends on your performance.</h3> <p>Unlike a typical 9-5 job, you are not guaranteed payment unless your shop has been performed satisfactorily. If you forget the names of your wait staff, don't leave the right amount of tip, or accidentally reveal your shopper status, you are putting your reimbursement in danger. I have never had a shopping company not pay me, but I have also been very diligent about doing everything perfectly. If you don't take it seriously, you may not be paid &mdash; and you'll be out whatever cash you put into your shopping experience.</p> <h3>5. There are other costs involved.</h3> <p>In addition to the cost of your shopping (which is usually reimbursed partially or in full), there are other costs. Gas to drive to the shop, the cost (if any) to put an item on your credit card until reimbursement, or the cost of a tip (which is often not covered) are just a few expenses that may come up during a typical shop. Obviously, the best strategy is to shop close, only take shops that reimburse in full (and with an extra shopper's fee, if possible), and turn in your reports on time.</p> <h3>6. You are responsible for your own taxes.</h3> <p>As a mystery shopper, you are considered an independent contractor. While it is unlikely that you will earn over $600 a year for any one company, you will still be responsible for reporting that income on your tax returns. You can count it as self-employment, deducting expenses as needed, so keep track of the cost of your new mystery shopping job.</p> <h3>7. Some mystery shopping isn't shopping or a mystery.</h3> <p>Many shopping companies have begun scheduling work for companies that aren't even related to mystery shopping. Audits, merchandising, and other tasks (including headstone cleaning) often come up on the mystery shopping job boards from time to time. If you don't have an interest in these types of jobs, don't feel obliged to take them. They can be a good source of income for you, however.</p> <h3>8. A reputable mystery shopping company will never ask you for any kind of fee.</h3> <p>I'll say this again: You should not have to ever pay for the &quot;privilege&quot; to shop. You are performing a service, and should get paid. Any fee that is guaranteed to get you a list of jobs is bogus. For a genuine listing of most every single shop service on the planet, see <a title="Volition.com" href="http://www.volition.com/mystery.html">Volition.com</a> or check out <a title="JobSlinger.com" href="http://www.jobslinger.com/">JobSlinger.com</a>. It costs nothing. (And be sure to read up on the <a title="The Mystery Shopping Scam That Could Cost You a Fortune" href="http://www.wisebread.com/the-mystery-shopping-scam-that-could-cost-you-a-fortune">latest mystery shopping scams</a> &mdash; I have never, ever, ever been asked to cash checks in my six years of shopping. Ever.)</p> <p>After some time, I gave up on mystery shopping. The $8-10 an hour wasn't worth the work (especially as my family grew). For some, this could still be a really good deal. Just be aware of the facts, and decide what's right for you. I still enjoy a nice hotel shop from time to time. (Hubby and I enjoy getting away for a night at an eventual cost of free.)</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/8-truths-from-a-mystery-shopper-you-must-read-before-you-get-started">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-fun-ways-to-make-money">8 Fun Ways to Make Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-more-fun-money-making-ideas">5 More Fun Money-Making Ideas!</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-legit-ways-for-stay-at-home-moms-and-dads-to-earn-some-extra-cash">12 Legit Ways for Stay-at-Home Moms and Dads to Earn Some Extra Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-make-an-extra-1000-this-summer">9 Ways to Make an Extra $1,000 This Summer</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-easy-ways-to-wake-up-richer-tomorrow-than-you-are-today">12 Easy Ways to Wake Up Richer Tomorrow Than You Are Today</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income income money insights side jobs Sat, 01 Nov 2008 21:21:56 +0000 Linsey Knerl 2559 at http://www.wisebread.com What Would You Do With a Million Dollars? http://www.wisebread.com/what-would-you-do-with-a-million-dollars <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/what-would-you-do-with-a-million-dollars" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/61056391_31343afdc6_z.jpg" alt="money" title="money" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>If you had a million dollars (tax free), what would you do with that money? Will you invest it, take a trip, start a business, quit your job, or give it to charity?</p> <p>Tell us what you would do with a million dollars and be entered in a random drawing to win a $25 gift certificate from Amazon.com!</p> <p><strong>This drawing is over. Congrats to <a href="http://www.wisebread.com/what-would-you-do-with-a-million-dollars#comment-114855">Lauren</a>, the winner of the drawing! Thanks to everyone who participated.</strong></p> <p>(See also: <a title="Wise Bread Giveaways" href="http://www.wisebread.com/topic/deals-and-coupons/giveaways">Wise Bread Giveaways</a>)</p> <h4><a title="View Philip's profile." href="http://www.wisebread.comhttp://www.wisebread.com/philip-brewer">Philip Brewer</a></h4> <p><img alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-203.jpg" /></p> <p>There's an old joke people tell around here. One farmer asks another, &quot;What would you do, if you won a million dollars?&quot; The other farmer thinks for a moment, then says, &quot;I guess keep farming until the money runs out.&quot;</p> <p>I didn't give up very much to become a full-time writer (because I had been saving for this for a long time &mdash; the closing of the site where I worked just accelerated things by a couple of years). We dropped our standard of living just a bit. If I won a million dollars, we could move back up to the standard of living that we had when I was getting paid a salary. We had also been looking for houses, and have had to put that on-hold indefinitely. (I want a small house within walking distance of downtown. I've got plans to make it super energy-efficient.) Winning a million dollars would make buying a house possible.</p> <p>Other than that, I don't expect winning a million dollars would change my life a whole lot. I pretty much like my life just as it is &mdash; why screw it up?</p> <h4><a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a></h4> <p><a title="View Sarah's profile." href="http://www.wisebread.com/user/sarah-winfrey"><img title="Sarah Winfrey's picture" alt="Sarah Winfrey's picture" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-9.png" /></a></p> <p>I would pay off <a title="Student Loans: How to Make Post-College Decisions" href="http://www.wisebread.com/student-loans-how-to-make-post-college-decisions">student loans</a> and then buy a house, though in this market I might wait a couple of years, until we know more of what is actually going to happen with real estate. I would invest a large chunk of the rest of it, though I have no idea how, off the top of my head. That much money is beyond what I know how to invest right now, so I'd read some good books and talk to some good people.</p> <p>The most important thing (at least to me!) that I'd do with it, though, is use it as an opportunity to quit my job. I have a pretty complex business idea in mind that would play off of my writing, art, and people skills, and I'd focus on that now instead of going slowly at it, as I am now.</p> <h4><a title="View Julie's profile." href="http://www.wisebread.com/julie-rains">Julie Rains</a></h4> <p><img alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-95.jpg" /></p> <p>If I added $1 million (tax free) to my assets, I would:</p> <ol> <li>Start a charitable organization, perhaps structured as a foundation, perhaps not that would fund non-profits with great ideas, committed volunteers, and limited start-up resources; these non-profits could be involved in any endeavor but I would look favorably on those who would a) give Internet access and appropriate resources to senior community centers and retirement homes so that senior adults could go digital (don't laugh, once they get the hang of it, they'll be blogging away, making new friends globally, sending digital images of bingo night to their grandchildren, etc.) and b) increase green spaces and opportunities for outdoor activities, mainly for children but for all ages<br /> &nbsp;</li> <li>Buy a second home in the Blue Ridge Parkway, where I will bicycle during uncrowded times, host family reunions and parties, and invite kids, families, etc. to go hiking<br /> &nbsp;</li> <li>Hire a professional organizer as I am nearly hopelessly disorganized when it comes to filing papers, storing legos, placing tupperware containers neatly on racks, etc.</li> </ol> <h4><a href="http://www.wisebread.com/justin-ryan">Justin Ryan</a></h4> <p><a title="View Justin's profile." href="http://www.wisebread.com/user/justin-ryan"><img title="Justin Ryan's picture" alt="Justin Ryan's picture" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/wisebread/pictures/wisebread-pig-icon-85x85.jpg" /></a></p> <p>Sadly, these days, a million isn't really that much, so it wouldn't go as far as I'd like. Here goes:</p> <ul> <li>A 3BR house (one for me, one for my home office, and one for company) in the area I used to live, with a big kitchen, and the furniture to put in it.</li> <li>A new fuel-efficient car.</li> <li>A vacation to London. (I haven't had a real vacation since 1997.)</li> </ul> <p>The rest I'd take in cash, put in a wheel barrow, roll it in to my bank branch, dump it in front of my personal banker's desk, and say &quot;Look at all this. I just don't know what to do with it &mdash; can you think of something?&quot; (Based on a running joke between the two of us.)</p> <h4><a title="View Linsey's profile." href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a></h4> <p><img alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-148.jpg" /></p> <p>Assuming it is AFTER taxes, I'd like to start a small family-support office in my hometown. I'd staff some counselors and support workers and contract with the state to assist families in the area.</p> <p>I'd also like to buy a few hundred acres of farmland to rent out. The land would generate some passive income while leaving something for my children's inheritance.</p> <h4><a title="View Andrea's profile." href="http://www.wisebread.com/andrea-dickson">Andrea Dickson</a></h4> <p><img alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-14.jpg" /></p> <p>I suppose I'd pay off my mortgage and my sister's. The rest, I'd split between investing in conservative stuff, like stocks and bonds, and I'd probably invest a hefty chunk in Wise Bread.</p> <h4><a title="View Paul's profile." href="http://www.wisebread.com/paul-michael">Paul Michael</a></h4> <p><img alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-17.jpg" /></p> <p>I'd give my $1 million to Richard Branson, telling him he could keep half of the profits he made from whatever venture he decided to start with it. He's way smarter than me, I know he'd turn the $1 million into some serious cash. Then I'd buy my own island and retire there with my family, sipping ice cold beers on a perfect white beach.</p> <h4><a title="View William's profile." href="http://www.wisebread.com/will-chen">William Chen</a></h4> <p><img alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/pictures/picture-4.png" /></p> <p>I would start a small venture capital fund modeled after <a title="Y Combinator" href="http://ycombinator.com/about.html">Y Combinator</a>. The fund will invest $10,000 to $20,000 on small startups like Reddit during their initial development stages. It will be a great opportunity to meet lots of exciting and smart people. Of course, the prospect of hitting home runs and earning billions is a nice bonus as well.</p> <p>Tell us what you would do with a million bucks in the comments and be entered in a random drawing to win a $25 gift certificate from Amazon.com! Deadline to enter is 11/10. Only one entry per person.</p> <p><strong>This drawing is over. Congrats to <a href="http://www.wisebread.com/what-would-you-do-with-a-million-dollars#comment-114855">Lauren</a>, the winner of the drawing! Thanks to everyone who participated.</strong></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/will-chen">Will Chen</a> of <a href="http://www.wisebread.com/what-would-you-do-with-a-million-dollars">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/64-funny-inspiring-and-stupid-money-quotes-from-famous-people">64 Funny, Inspiring and Stupid Money Quotes From Famous People</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-things-you-are-missing-out-on-for-spending-too-much">17 Things You Are Missing Out on for Spending Too Much</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-most-important-financial-moments-of-your-life">The 7 Most Important Financial Moments of Your Life</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/where-to-turn-for-help-when-you-dont-have-an-emergency-fund">Where to Turn for Help When You Don&#039;t Have an Emergency Fund</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-personal-finance-skills-everyone-should-master">12 Personal Finance Skills Everyone Should Master</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance money insights Mon, 05 Nov 2007 17:40:52 +0000 Will Chen 1351 at http://www.wisebread.com 8 Fun Ways to Make Money http://www.wisebread.com/8-fun-ways-to-make-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-fun-ways-to-make-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/252872287_1b8e92d31c_z.jpg" alt="Canadian $20" title="Canadian $20" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>None of these will make you independently wealthy or even allow you to <a title="10 Important Signs That Your Job Sucks" href="http://www.wisebread.com/10-important-signs-that-your-job-sucks">quit your day job</a> (unless you get a serious dose of luck along with your ingenuity), but they just might let you get enough cash to fund something special.</p> <p><strong>1. Do <a title="make money with bikes" href="http://www.bikewebsite.com/25ways.html">something (apparently anything!) with your bike</a>.</strong> I never would have thought of most of these, but some of them sound plausible (and fun).</p> <p><strong>2. Turn your car into a <a title="moving ad" href="http://www.wikihow.com/Turn-a-Car-Into-a-Moving-Advertisement">moving advertisement</a>.</strong> The guys at WikiHow tell you what to do.</p> <p><strong>3. Teach a class on something you're good at.</strong> Most areas have a community center or a YMCA that will allow you to put your class in their monthly or quarterly brochure. (See also: <a href="http://www.wisebread.com/teach-your-way-around-the-world" title="Teach Your Way Around the World">Teach Your Way Around the World</a>)</p> <p><strong>4. Sell custom t-shirts</strong> (and hats and mugs and more!) <a title="sell custom shirts" href="http://www.squidoo.com/selltshirts/">from an online store</a>.</p> <p><strong>5. Help people plan their weddings.</strong> You don't have to be a professional or take on the whole job yourself. Just make yourself available to do research or make inquiries, charge less than a full-on wedding planner, and <em>voila</em>, you've created not only a job, but a new industry.</p> <p><strong>6. Turn old clothes <a title="clothing turnabout" href="http://ohioline.osu.edu/hyg-fact/5000/5504.html">into new ones</a>,</strong> and <a title="sell old clothes" href="http://www.iht.com/articles/2000/03/02/rvin.t.php">sell them</a> on eBay.</p> <p><strong>7. Market yourself as a shopping/personal assistant.</strong> Start out donating your skills to the elderly and shut-in. When they tell their friends and families how great you are, they just might have a job for you, too.</p> <p><strong>8. Start your own &quot;rent my inflatable jumper for you kid's birthday party&quot; business.</strong> It takes a little capital, but should pay off fairly quickly (quicker in some parts of the country, like L.A., than in others). Better yet, buy a themed jumper and offer to put on the whole party for more cash.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/8-fun-ways-to-make-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-truths-from-a-mystery-shopper-you-must-read-before-you-get-started">8 Truths From a Mystery Shopper You Must Read Before You Get Started</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-more-fun-money-making-ideas">5 More Fun Money-Making Ideas!</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-legit-ways-for-stay-at-home-moms-and-dads-to-earn-some-extra-cash">12 Legit Ways for Stay-at-Home Moms and Dads to Earn Some Extra Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-make-an-extra-1000-this-summer">9 Ways to Make an Extra $1,000 This Summer</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-easy-ways-to-wake-up-richer-tomorrow-than-you-are-today">12 Easy Ways to Wake Up Richer Tomorrow Than You Are Today</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income income money insights side jobs Fri, 30 Mar 2007 15:24:31 +0000 Sarah Winfrey 418 at http://www.wisebread.com