The Motley Fool has a great piece titled How to Get Rich, Feel Rich, and Stay Rich. The piece contrasts those who make a lot of money and are unhappy with those who make relatively little and are joyful. Here's a summary of their thinking:
Wealth is relative. Those are probably the three most important words in personal finance. Gary makes $25,000 a week and feels inadequate. Pete makes $25,000 a year and feels so rich that he retired eight years out of college. How rich you are has very little to do with how much money you have in the bank and a lot to do with your expectations of what you need that money to do for you. It's a two-part equation, and a lot of people become miserable ignoring the second part.
According to a new survey from Insure.com, the most expensive 2014 car to insure in the United States is the $110,000 Nissan GT-R Track Edition, which requires a few bucks less than $3,200 in premiums to cover for 12 months.
The super car is better known in some quarters as “Godzilla,” for it is a monster that emigrates from Japan. Sporting a twin turbocharged V6 engine that boasts 545 horsepower, the lighting quick GT-R Track Edition rockets from zero to 60 in a scant three seconds, and touches speeds of 190 to 200 miles per hour.
So what kind of person buys and drives Godzilla? A well-heeled one no doubt. But also a guy, for it is inevitably a male buyer, who just adores aggression.
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.
A great way to earn some side income is to monetize your hobbies by selling the things you make, helping others with a task you enjoy doing, or even teaching a skill to someone and charging a fee for the lessons.
Do you make money from your hobbies? What challenges have you come across so far? Do you plan on eventually making it your primary source of income?
Tell us about your money-making hobbies and we'll enter you in a drawing to win a $20 Amazon Gift Card!
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We all have times in our lives when our days go from busy, to full, to "I cannot manage one…more…thing." It's in these times where the seemingly small acts of others can make a huge difference. Uplifting a mood can make someone's day, and therefore, make his or her workload seem a bit more manageable. That, in itself, is good medicine. And anything that makes this life a little better for all of us is a good thing. (See also: 25 Ways to Make Someone Happy Today)
Below are 100 easy ways to brighten someone's day. You may not know the difference your small act of kindness could make for them, and yourself. What goes around, comes around, after all!
Welcome to Wise Bread's Best Money Tips Roundup! Today we found some fantastic articles on cheap ways to treat yourself, changes to 2013 tax returns, and establihsing a difficult but rewarding habit.
Top 5 Articles
22 Cheap Ways to Treat Yourself — To treat yourself on the cheap, explore a museum you've never been to or take a walk around your neighborhood. [PopSugar Smart Living]
6 changes for 2013 tax returns — In 2013, the maximum that taxpayers can save in a flexible spending account is $2,500. [Living on the Cheap]
This article is by staff writer April Dykman.
On average, women earn less than men for the same job and performance level. Popular thought has been that that’s because women simply don’t ask for more money. Makes sense, right? You have to ask for something in order to receive it.
But there’s something about that line of thinking that has never sat well with me.
I asked and did not receive
During college, I worked for almost four years part-time for a hair product distributor. My first job there was answering the phones, but due to my Mac knowledge and Adobe Illustrator skills, I quickly moved from the front desk to working side-by-side with the CEO on marketing projects and event planning.
If the idea of hosting a dinner party frightens you, you are not alone. I still remember the trauma of my first one. By the time you shop for ingredients, clean your house, and cook, that makes for a fairly exhausting day. However, if you choose one of the menus below (either casual or fancy), you can do some, or all, of your preparation ahead of time. (See also: Feed a Party of 6 for Under $20)
The idea of winning something for nothing is appealing. As an avid enthusiast of entering sweepstakes and contests, I have over 15 years of experience and plenty of wins, I can vouch for the hobby as one that can help you obtain cash, trips, gadgets, and more with just the investment of time and patience. For many people, however, a lack of both time and patience leads them to frustration. "Why haven't I won?" many ask — even after just a few weeks of starting the hobby. Here is what I've learned over the years. (See also: How to Win in Online Sweepstakes)
If you're a regular Wise Bread reader, you probably think that you've read every trick under the sun for saving money. After all, there are only so many ways to say "brew coffee at home and bank the cost of your daily latte!" (See also: 101 Ways to Save Money)
But even though the problem of saving money may be age old, there are always new tricks to attempt. Here are five savings strategies that you probably haven't tried — and an explanation of why each one works.
When purchasing a set of wireless headphones, there are a number of pros and cons to consider. Most obviously, wireless headphones rid you of annoying cables that are not only a nuisance, but can also tear or rip, leaving your headphones severed. On the other hand, sound quality via wireless headphones still don't compare to their wired counterparts. However, the best wireless headphones minimize the quality gap between the two.
I’ll be one of the first to admit that I’m a pack rat. I come from a proud line of pack rats. Not quite hoarding-level, but that’s just one floor up from where I am.
My wife, talented woman that she is, has a lot of materials and tools that she uses to create things. Her crafting area in the house is well-organized. Still, though, our space isn’t endless, and some of the tools that she has have gotten buried, tucked away in a drawer or a box somewhere. They’re almost always in their proper place, but the boxes of things tend to “blend together” after a while.
The rediscovery process
Today, she was cleaning up one area, and found a good set of craft knife blades that she had forgotten about. The way she put it was neat: She was rediscovering the stuff that she already has.
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.
The Affordable Care Act requires most American citizens to have health insurance or health care starting in 2014. Many of those required to have health insurance will owe additional tax if they are not enrolled in a plan. It’s no surprise that many citizens are not happy about being told by the government that they have to spend money. And whenever the government requires something of its citizens, it doesn’t sit well with many of those who don’t agree with what is being required.
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. Personal loan question
2. Everyone else has more money
3. Spice question
4. Child credit question
5. Huge warehouse club bills
6. Miserable at well-paying job
7. Credit card dilemma
8. Cost of living overwhelming me
9. Bitcoin alternatives
Well, that really depends on your phone’s make and model and how broken we’re talking. Let’s say you trip and drop your smart phone down a flight of stairs or accidentally fling it into a toilet and find that some critical function has been lost. It will no longer text or tweet, or has stopped [...]
What can you do with a busted smart phone? from personal finance blog Bargaineering.com.
This blog was posted by Alissa Fleck
After all my fixed expenses are accounted for in my budget, there's not a ton left for the extras. Over the years, I've grown accustomed to entertaining myself on the cheap. And it's easier than you might think to find things to do. It just takes a little research and a lot of creativity, but you can certainly spend $5 (or less) and have an enjoyable time out. You may even learn something new! (See also: How to Beat the Sunday Night Blues)
We've all heard of reward or loyalty programs for things like airlines, hotels, retailers, and restaurants, but there are also some other lesser-known places where you can rack up points for cash or goods. Check out the programs below, so you don't miss out. (See also: Best Travel Reward Credit Cards)
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