Quite a few of the letters in the reader mailbag boil down to figuring out which of two or three options is the highest priority. People will want to compare investing options to paying down their mortgage or whether they should have an emergency fund or pay off a credit card.
The reality is that the actual financial difference between these options – for many people – is pretty small.
Sometimes, no matter what you do, life will hand you some lemons.
It’s really easy to respond to that with a trite “when life hands you lemons, make lemonade,” but sometimes that just doesn’t work. Things you’ve been preparing for and working on for years have blown up in your face. The big dreams you had for the future are deflating. The worst part is that you feel like it’s not your fault – and it very well might not be.
For example, let’s say Bob has done everything right for the last few years. He has a nice emergency fund and has most of his debts paid off. He’s been working on a big project at work that he thinks is about to pay off and become a major project.
One day, his boss calls him into his office. The project is cancelled. Bob is being let go.
On his way home, Bob is trying to deal with this when all of a sudden his car overheats.
What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question.
1. Renters insurance
2. Mint and security
3. A question about blenders
4. Network marketing question
5. Yard sales waste of time?
6. Career shift misery
7. 529 plan questions
8. Unhealthy food in pantry
9.
Readers often contact me asking for recommendations for technology items at a low cost. They have a use in mind and they just want the item that will fulfill that use at the lowest price without any serious negative drawbacks.
Four of these requests tend to repeat themselves quite often, so I thought I’d just combine them all into one post. Here are my low-cost recommendations for each of these items as of early 2014. I am assuming you’ve already decided to purchase the item and have already considered alternative options in your life.
A low-cost laptop for email, Facebook, and/or Netflix
I would buy a Chromebook. A Chromebook is a smaller laptop that runs ChromeOS, not Windows. ChromeOS is designed pretty much exclusively for the experience that’s described here – just email, Facebook and other web surfing, Netflix, and basic applications like word processing.
Summer is almost here and that means we’re about to enter peak travel season. Whether you’re planning a family vacation or looking to travel for business, there’s no doubt that any trip is more enjoyable when it’s paid for with points. Thankfully, 2017 might well be considered the year of the travel credit card, with a host of credit cards offering amazing signup bonuses and generous rewards rates.
What makes this year so great for travel cards? There’s fierce competition between the card issuers to bring in new accounts. They keep matching and one-upping each other with the value they’re offering to consumers. That’s why we’ve found multiple cards offering at least 1.5X points per dollar spent and highly flexible redemption options.
The clock shift in the spring is almost always difficult on our family. However, this year showed us a great little trick that really helped with the switch.
It turned out that Sunday – the day after our clocks moved forward an hour – was a really nice day outside. We spent quite a few hours outside during the day. I did about an hour’s worth of yard work that involved lifting some heavy things outside in the bright sun, plus we went on a pretty long family walk. Later in the day, I did another hour’s worth of outside activities.
By about 9:30 PM, I was really tired, so I went to bed earlier than I usually would. That was the effect of being outside so much, I’m sure. A lot of sunlight in the early spring after a long, cold winter means a giant shot of Vitamin D for your system, which can make you sleepy.
I was really affected by this story about Travonn Barnett, a young man working for $10 an hour as a security guard and struggling deeply with his money. When you figure up the numbers, he’s walking a financial tightrope every day. Here’s his reality:
His weekly checks range from $189 to $308, after taxes and depending on his schedule, giving him an annual salary of about $15,000, if he works every week of the year.
There are many moments in my professional and personal life when I need to bear down and concentrate for a little while.
I need to write an article.
I need to do my taxes.
I need to finish a book chapter.
I need to review my investments.
When I’m doing these things, I don’t want to be interrupted. Interruption disrupts my train of thought. Interruption causes my task to take a lot longer than before. Interruption often results in a reduction in the quality of my work, and when I’m doing an important task, I can’t afford that reduction. It eventually hits me in the pocketbook.
Interruption is bad. I want to avoid it.
In the past, I’ve mentioned a lot of techniques I use to minimize interruption. I turn off my cell phone. I turn off my internet router or block distracting websites. I close my office door. I shut off my email program.
Finding the most affordable online colleges comes down to looking for the best value, not just the lowest cost. You want to get what you pay for and then some, especially given that any degree is a two or four-year investment.
That means that to find the best online schools for your money, you have to dig deeper, considering factors like faculty credentials and available student services in addition to tuition costs. This information will give you a more complete picture of the overall quality of the education you’ll receive.
Key Online College Statistics
*Source: Most recent U.S. Department of Education online enrollment survey
Over the past few weeks, the world has watched as events have unfolded in the Crimean peninsula. Will Crimea be allowed to secede and join Russia? Will there be a civil war? Will other nations be dragged into the situation?
All of this has tumbled right onto the investment pages. Some advisors encourage people to sell, sell, sell if they own Russian currency or stocks, while others encourage people to buy, buy buy!
Here’s the truth: the brokers don’t care what you do as long as you sell and buy something. Brokerages make money on fees that they charge whenever you buy an investment and whenever you sell an investment.
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