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An advertising agent emailed me the other day. They had a high-paying offer for me if I were to post their ad about reverse mortgages. I flat out refused. Reverse mortgages are fairly new and at first glance, they don’t seem like too bad of a deal. You have equity in your home that you would like to use while you are alive and the bank is willing to make monthly payments . . . → Read More: What is a Reverse Mortgage? And Should You Ever Consider It?
Trying to pare down your expenses? One of the biggest “make-it-or-break-it” categories within your budget is “Groceries.” Unlike cable TV, you can’t cut this bill from your budget. Beyond a certain point, you can’t even significantly reduce the quantity of food that you purchase. You’ll always need to eat.
Furthermore, there’s no good alternative to buying groceries. Unless you own a lot of land (with it’s corresponding property taxes), you’re unlikely to have enough space to grow most of your own produce. And even if you could, you still need grains, oils and other staples.
Here’s the point I’m trying to . . . → Read More: 10 Quick Tips to Help You Save at the Grocery Store
I relentlessly harp on how stupid it is to have an expensive car that depreciates in value (in fact, I might have even had a little tangent yesterday!). All too often our vehicles lose value and put a hurtin’ on our net worth, but what if we could actually use our car to earn us some money? Intrigued? I thought you might be. Let’s dig in.
1) If you own a truck or van, help people move
If you have ever owned a truck in your life, you know that it’s not hard to find a person that needs help . . . → Read More: 5 Ways Your Car Can Actually Make You Money
You, my faithful reader, are going to be wealthy forever. So often I write about the idiots that spend $140 on a single meal or go on a $5,000 vacation, but this isn’t you. You’re different. You actually think about being wealthy someday and are taking the proper steps to build some serious wealth when you’re older. Here are the 10 reasons why I believe you’ll be wealthy forever.
1) You bought a home that doesn’t make you house poor
Against my advice, so many of my friends have purchased homes at the very upper end of what the bank . . . → Read More: 10 Reasons Why You’ll Be Wealthy Forever
The following is a guest post from Mark Ferguson, a seasoned house flipping professional.
Making money flipping houses appears to be a straight forward process; buy a house cheap, make repairs and sell the house for a profit. I fix and flip 10-15 houses a year and that is basically how you make money flipping, but there are many details that will cause projects to either lose or make money. The tricky part is making sure you know all the costs involved besides the repairs, because those costs are what get people into trouble. You also have to make sure . . . → Read More: How to Make Money Flipping Houses
Unless you’ve followed all the tips learned here at Life and My Finances and are ultra rich now, I’m going to assume you aren’t looking for ways to throw away money. If this is the case though, I’ll gladly volunteer myself to take it off your hands.
I’m a registered dietitian, so food is my language. I know a few tips and tricks about eating healthy and doing so on a budget. You may not even realize this, but it’s possible you’re throwing away $10-$20 a week into the garbage or your garbage disposal. If you’ve been trying to cut . . . → Read More: 5 Ways to Throw Away Money
It is a known fact. Life today is more difficult than it was 40 years ago. But why? Why is it that our parents were able to get by on mediocre incomes and still have a sizable nest egg saved up for retirement? And now we, who have followed in their footsteps, are barely making it in this world? Are we spending more excessively? Were they just smarter than us? Or is it the general economy that’s holding us back? What is the answer?
Well, as you may have guessed, there is no single one answer as to why financial . . . → Read More: Why You Are Poorer Than Your Parents
Do you ever stop to think about the differences between spenders and savers? You might know if you are a natural saver or spender, but what does that really mean in terms of your shopping tendencies or for your long-term achievements? Since I am a natural saver, I tend to think that my way of living is the best way (but maybe my ego is just getting the best of me?), but if I truly stop to think about my future as a saver vs. my future as a spender, I would much rather be a saver.
By being a . . . → Read More: A Few Major Differences Between Spenders and Savers
This post has been written by Sarah Brooks, a freelance writer fighting for financial independence within this world of materialism and consumption. Take a look at her awesome story below and her discoveries from her journey so far.
As a consumer living in America, we are surrounded by debt. Whether we’re adding to it, maintaining it or trying to claw our way out, debt is everywhere we turn. Debt is also a necessary evil—you have to have it in order to build your credit, but how much is too much?
When my now-husband and I met, the last thing we . . . → Read More: The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence
Coffee isn’t just an indulgence for some people. It’s a vital part of the morning. No matter how tight your budget, if you’re a hardcore coffee addict, you can’t just give up that morning cup. But there are plenty of ways you can lower the price. Here are a few tips to save money on coffee.
#1: Drink Plain Coffee
We’ve all heard the “don’t buy lattes” cliche, which reminds us that a latte at Starbucks will cost $5 (or as much as $8 if you add a biscotti and a few other upsells). Repeat this habit daily, and you’re shelling . . . → Read More: How to Save Money on Coffee, That Money Sucking Addiction