Money Tips Network

Here's How Rich You'd Be If You'd Invested $500 in FAANG 6 Years Ago

Warren Buffett said it best: "Someone's sitting in the shade today because someone planted a tree a long time ago." One of those big trees in the investing world is FAANG, an acronym for five high-performing technology stocks: Facebook, Apple, Amazon, Netflix, and Google (now Alphabet,...

10 Summer Foods You Can Make in an Instant Pot

Who wants to cook over a hot stove in the summer months? An Instant Pot is the perfect kitchen gadget to use for all your meals in the summertime because it cuts cooking time drastically and doesn't heat up your home.

6 Ways New College Grads Can Build Credit

Your credit might be the last thing on your mind after you graduate.

The 5 Best Cord Organizers

How much time have you wasted untangling headphone cords?

6 Ways You Can Get Paid to Watch TV

Full disclosure: I work in TV. I am a creative director at a premium cable channel, and I can tell you right now that I get paid to watch TV. I don't watch it all day, every day.

Join Our Tweetchat on Thursday 5/31, 12pm Pacific for a Chance to Win Prizes

Join our Tweetchat this Thursday at 12:00 pm Pacific for lively conversation and a chance to win one of two $10 Amazon GCs! Use #WBChat to participate.

This week's topic: Keeping Wedding Season Frugal! Learn about saving on gifts, attire, travel arrangements, and more!

Best Deals for Thursday 05/31

Link for teaser title: 

http://www.wisebread.com/bestdeals/today

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The High Probability of Low Probability Events

As many of you know, I keep a pocket notebook where I jot down ideas and things I need to do and things I hear and things I read and basically just anything I want to remember for the future. I do this throughout the day whenever something comes up, and then at the end of the day, I go through the notebook, doing something with each item (adding a new item to my to do list, adding a new item to my calendar, and so on).

Every once in a while, I come across something in my notebook that I simply don’t understand or know where it came from. Usually, it’s some strange idea I had that I didn’t record well enough, or something I overheard that I didn’t source.

This happened to me a few weeks ago, and the phrase I wrote down has stuck in my head.

The high probability of low probability events

“How much house can I afford?”

“How much house can I afford?” Answering this question correctly is one of the keys to building a happy, wealthy life. Unfortunately, there’s a vast housing industry in the U.S. that’s geared toward providing the wrong answer.

You see, housing is by far the largest expense in most people’s budgets. According to the U.S. government’s 2016 Consumer Expenditure Survey, the average American family spends $1573.83 on housing and related expenses every month. That’s more than they spend on food, clothing, healthcare, and entertainment put together!

Nine Ways to Protect Your Kids From Identity Theft

 

More than one million children were the victims of identity theft in 2017, according to a new study from Javelin Strategy & Research. Two-thirds were under age 8. These crimes led to losses of $2.6 billion – some of which came from the pockets of the victims’ families.

Why would identity thieves go after kids? It’s not like they have credit histories, right?

That’s exactly the point. The blank-slate status of a child lets a thief apply for credit cards, take out loans (including mortgages), open utility accounts, and commit fraud on tax, employment, health, and government forms.

5 Things That Could Wreck an Early Retirement

The Financial Independence/Retire Early (FIRE) movement is hot right now. People working toward FIRE are hoping to retire in their 40s and, in some cases, even their 30s.

Why Your IRA Shouldn't Double as an Education Savings Plan

College and other education expenses can be some of the most burdensome costs you will ever face.

You're Denied a Credit Card Due to Too Many Hard Inquiries. Now What?

If you've been chasing credit card rewards for a few years now and feel like all the best credit card rewards opportunities are drying up, you're not alone — and you're definitely not crazy.

Why It's Too Soon to Give Up on Travel Agents

It used to be that if you wanted to book a vacation or a cruise, or generally had any questions related to travel, a travel agent would be your first call.

How New Grads Can Protect Their Credit

The years right after graduating from college can be stressful ones. It's time to find a job. You might be looking for a new place to live. You're starting the transition from college student to adult.

Best Deals for Wednesday 05/30

Link for teaser title: 

http://www.wisebread.com/bestdeals/today

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How to Reduce the Urge to Eat Out

Jennifer writes in with a bit of a twist on a topic I’ve addressed in the past:

How did you and Sarah break out of the routine of eating out all the time? You mentioned that the two of you used to eat out several times a week and now eat out once a month or less. How did you do it? It always feels like it’s just way easier to eat out.