What a great article! I love that your children were excited to go for a walk. My two are playing with a fort they built in the loft right now! Thank you for the confirmation of the lifestyle I choose in raising my children and the motivation to keep going!
Tara, this article is another home run. I'm so glad I came across your wise words in the Facebook-phere...at just the right moment. You have no idea. :) Thank you!
Great article. For some reason, the benefits of Roth IRA's simply don't get enough traction with young people. If you are in a relatively low tax bracket (as most young people are), and especially if you are not getting a company 401K match (or you already contributed to get the full match), coupled with the flexibility of withdrawals in the future, the ROTH IRA is tough to beat.
It may well be that rewards programs a bad deal on the whole, for most people. But I think it's more important to do the math for your particular situation. I have kept an American Express card for years that is co-branded with Delta Airlines. The membership fee is 55 dollars a year, and it gets me a plane ticket to Europe every 18-24 months (and you bet I pay off the balance every month). So I call that a pretty solid win.
Interest rates are under 1% and the market is a scam for retail investors. And the crap that lotteries are a tax on those that are bad at statistics, chew on this: The odds that you are here and are YOU are so infinitesimal that you statistically DO NOT EXIST.
Great article! Below are some financial rules that our family practices. I am not sure if we would be a “filthy rich” but I know we will achieve financial freedom!
· Always live below your means, regardless of your income.
· Be happy with what you have, not with what you could or should have!
· Do not compete with Joneses! One of the best ways of doing this is to live in a neighborhood that does not force you to compete with others in the first place. For example, drive a modest car and live in a place where everyone drives modest cars. Don’t get me wrong competition can be a good thing, but in the case of “Keeping up with the Joneses” it can lead many to an unhappy bankrupt life.
· Be mindful of your financials. Always plan ahead. Never ever carry any credit card debt. That does not mean don’t use credit cards. Do use cash reward credit cards all the time so you can track your expenses AND earn money, but don’t go above what you know you can’t afford.
· Try to make as much money as you can. One of the best ways of doing this is to work for you; own a business. Keep in mind that owning a business could be as simple as having a website or selling something that is in demand and you know how to make or provide!
· Save as much as you can. Choice of saving may vary, but do save!
· OVER estimate your future/potential expenses and UNDER estimate your future/potential income.
· Live in a good public school district so you can avoid the expense of a private school and take advantage of the free amenities, such as library, community center, tennis court, etc.
I don't think you have supported your premise with the examples you give for big banks over credit unions. These are very shallow/insignificant examples that can be equalled by the credit union, and the credit union isn't going to invest our money in high-risk investments for profit. That is a huge difference that we absolutely must be making a priority and holding big banks accountable for. If the government isn't going to regulate the big banks to protect us from their games, we have to make decisions that will do this for us!!
The only time I ever gamble is if I find myself in a casino in a social situation (friends have held birthdays there, for example). I'll drop some coins in a slot machine for long enough to get a "free" drink or two. But I'm not going to lose much of my hard-earned money to a machine or a casino!
I very rarely gamble. I will buy a lottery ticket once in a while. I go to a casino maybe once a year, and I only take 20 bucks with me. I don't like to waste money.
install a ceiling fan. I personally hate A/C. I instantly get stuffed nose/cold.
I have lived in Israel(humid heat), as well as southern Russia where summers go up 40C(dry heat); and never needed A/C. I find that most people who can't take 30C w/o just need to eat less. Lose the weight and you won't need A/C.
What a great article! I love that your children were excited to go for a walk. My two are playing with a fort they built in the loft right now! Thank you for the confirmation of the lifestyle I choose in raising my children and the motivation to keep going!
No - never. Waste of my money. Period.
Tara, this article is another home run. I'm so glad I came across your wise words in the Facebook-phere...at just the right moment. You have no idea. :) Thank you!
Isn't that everything?
Great article. For some reason, the benefits of Roth IRA's simply don't get enough traction with young people. If you are in a relatively low tax bracket (as most young people are), and especially if you are not getting a company 401K match (or you already contributed to get the full match), coupled with the flexibility of withdrawals in the future, the ROTH IRA is tough to beat.
It may well be that rewards programs a bad deal on the whole, for most people. But I think it's more important to do the math for your particular situation. I have kept an American Express card for years that is co-branded with Delta Airlines. The membership fee is 55 dollars a year, and it gets me a plane ticket to Europe every 18-24 months (and you bet I pay off the balance every month). So I call that a pretty solid win.
Interest rates are under 1% and the market is a scam for retail investors. And the crap that lotteries are a tax on those that are bad at statistics, chew on this: The odds that you are here and are YOU are so infinitesimal that you statistically DO NOT EXIST.
Great article! Below are some financial rules that our family practices. I am not sure if we would be a “filthy rich” but I know we will achieve financial freedom!
· Always live below your means, regardless of your income.
· Be happy with what you have, not with what you could or should have!
· Do not compete with Joneses! One of the best ways of doing this is to live in a neighborhood that does not force you to compete with others in the first place. For example, drive a modest car and live in a place where everyone drives modest cars. Don’t get me wrong competition can be a good thing, but in the case of “Keeping up with the Joneses” it can lead many to an unhappy bankrupt life.
· Be mindful of your financials. Always plan ahead. Never ever carry any credit card debt. That does not mean don’t use credit cards. Do use cash reward credit cards all the time so you can track your expenses AND earn money, but don’t go above what you know you can’t afford.
· Try to make as much money as you can. One of the best ways of doing this is to work for you; own a business. Keep in mind that owning a business could be as simple as having a website or selling something that is in demand and you know how to make or provide!
· Save as much as you can. Choice of saving may vary, but do save!
· OVER estimate your future/potential expenses and UNDER estimate your future/potential income.
· Live in a good public school district so you can avoid the expense of a private school and take advantage of the free amenities, such as library, community center, tennis court, etc.
I don't think you have supported your premise with the examples you give for big banks over credit unions. These are very shallow/insignificant examples that can be equalled by the credit union, and the credit union isn't going to invest our money in high-risk investments for profit. That is a huge difference that we absolutely must be making a priority and holding big banks accountable for. If the government isn't going to regulate the big banks to protect us from their games, we have to make decisions that will do this for us!!
the pizza does not mention cheese i like cheese
Here's my tweet: https://twitter.com/kroshey/status/215173193785294849
https://twitter.com/missluckybreaks/status/215172025457709057
Liked you on FB!
I gamble with lottery tickets. I try to play the same numbers every week, but only if I have spare change to use!
"Liked" on Facebook. Thank you for the chance to win!
The only time I ever gamble is if I find myself in a casino in a social situation (friends have held birthdays there, for example). I'll drop some coins in a slot machine for long enough to get a "free" drink or two. But I'm not going to lose much of my hard-earned money to a machine or a casino!
I very rarely gamble. I will buy a lottery ticket once in a while. I go to a casino maybe once a year, and I only take 20 bucks with me. I don't like to waste money.
Tweeted!
https://twitter.com/goonyburd/status/215155781811712000
this is a great way to practice and prepare before an interview and has helped me alot !!
Not in the traditional sense. I'm betting professionally on the startup I work for!
install a ceiling fan. I personally hate A/C. I instantly get stuffed nose/cold.
I have lived in Israel(humid heat), as well as southern Russia where summers go up 40C(dry heat); and never needed A/C. I find that most people who can't take 30C w/o just need to eat less. Lose the weight and you won't need A/C.
Dave, you make a great point. Thanks for the perspective!
Yes, I gamble. I look at is as entertainment though. If I lose, it was money I expected to "spend" for the entertainment. ;)
https://twitter.com/elliebunny24/status/215136678862536706
and I hope my first comment went there - got some kind of error when posted - thanks
I like wisebread on facebook