10 Ways to Get the Cheapest Rates on Car Insurance

get the cheapest rates on car insurance

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According to ValuePenguin.com, the average cost of auto insurance in Michigan is $213 a month. That sucks. Good thing I figured out a way to pay just $46. 😉

“Alright, Derek. You’re telling me that you pay less than 1/4 of the average on your car insurance??”

Yup, that’s exactly what I’m telling you.

“Well how in the heck do you do that???!!”

I’m glad you asked… 🙂

10 Ways to Get the Cheapest Rates on Car Insurance

In many ways, Michigan is a great place to live.

Houses are cheap, Summers are gorgeous, and One can make a pretty decent income

But….car insurance is fricken expensive, and it’s caused me to be uber sensitive to how the . . . → Read More: 10 Ways to Get the Cheapest Rates on Car Insurance

Estate Planning After a Divorce

estate planning after a divorce

A divorce can have many consequences and set you back with emotional turmoil for a period of time. It’s also time for some reflection on how to move forward in the most positive light possible. Many actually view it as wiping the slate clean (I did). One of the most important personal matters that shouldn’t be overlooked or avoided for very long after a divorce is updating your will, powers of attorney, and other estate planning devices. Hopefully, you’ll have had the assistance of a good divorce attorney to help advise you on the matters of dividing your assets, so that you are not taken to the cleaners.

Estate Planning After a Divorce

At the very least, your estate plan sits untouched and becomes increasingly outdated over time. At the very worst, you could die accidentally without having ever updated your estate plan. There’s several reasons why this could be . . . → Read More: Estate Planning After a Divorce

December 2017 Blog Income Report – Still Making Moolah!!

december 2017 blog income

I’m writing this post at 4:57am. I couldn’t sleep, so I figured, why not just get up and do what I love rather than lay here thinking about it?! 😉 Man, I love blogging…

With blogging, I get to:

Help thousands of people with their finances each month Teach myself new things about personal finance to keep this blog fresh and interesting Make thousands of dollars every single year just by putting some words on a page

What’s there not to love??!!

Does blogging interest you? Then why not get started? The cost is $24 for your entire first year and there’s help all over this site (which, by the way, is why I write these posts!!) for all you that are nervous about it.

Just get started with iPage here.

That’s it. That’s all I’m saying about it.

December 2017 Blog Income

In November I was really focused on . . . → Read More: December 2017 Blog Income Report – Still Making Moolah!!

7 Financial Strategies to Consider When Going Through a Divorce

financial strategies to consider when going through a divorce

The monetary effects of a divorce can be even more crippling than a downturn economy. While a poor market could lead to a financial loss of approximately 30 percent, divorce can clear out half of your assets. Even divorces where both parties agree to split everything down the middle can result in a loss of future income. But with the right strategies, you may be able to lessen the damage and turn your financial future around.

7 Financial Strategies to Consider When Going Through a Divorce

Divorce is a terrible thing. It’s difficult for both parties, even if you’re strongly for it. Divorce creates emotional strain, financial strain, and a mountain of new responsibilities to take care of. To help you through this process, take note (and take action) on the items below.

Implement a New Budget

You probably implemented a family budget based on two incomes for expenses, savings . . . → Read More: 7 Financial Strategies to Consider When Going Through a Divorce

The Top 3 Debt Payment Methods If You Have a Lot of Debt

debt repayment methods

There are tons of “experts” out there that like to spout their “wisdom” on paying off debt. Some say you should:

start paying on the debt with the highest interest rate others say you should start by paying off the smallest debt some swear by debt consolidation while still others tell you to keep your “good” debt and invest your money instead!

With all the different advice, it can get downright confusing! And with all of this head-scratching confusion, you typically end up doing absolutely nothing and your debt stays just as big as ever!

We’re going to help you out here. Instead of talking about a million different debt payment methods, we’re going to explain the best three. Stop worrying about the rest.

Related: Researchers Say the Snowball Method is the Best for Paying Off Debt

The Top 3 Debt Payment Methods If You Have a Lot of Debt . . . → Read More: The Top 3 Debt Payment Methods If You Have a Lot of Debt

How to Manage Your Personal Finances Like a Business

personal finances like a business

Overcoming debt and managing your personal finances can be a challenge—and a lot of that challenge stems from the fact that you take it all too personally. Your money is a source of fun and enjoyment, as well as a means of sustaining yourself. When you look at your money, you probably think of all of the things that you can do with it, rather than simply seeing it as an asset.

Related: How to Start Paying Off Your Debt If You’re Feeling Overwhelmed

How to Manage Your Personal Finances Like a Business

So when it comes to managing your personal finances, it can be helpful to take a step back and view it all from a business-like perspective. If you can think of your life as a business—with income, expenses, overhead costs, and revenue streams—things start to get a little bit clearer. So here are a few tips for . . . → Read More: How to Manage Your Personal Finances Like a Business

My Past Reflections and Future Resolutions – How About Yours?

reflections and future resolutions

2003 wasn’t that long ago, right? I mean, it feels like it was just yesterday. I was graduating from high school, I started college…yeah, just yesterday. Oh wait… that was 15 years ago..????!! WHAT??!! Seriously…stop. That can’t be!!

Time just whizzes by, and the more time that passes, the faster it seems to go! (I hear this all the time, but I’m finally starting to understand this time-warp firsthand)

That’s why it’s so important for us not to just look into the future, but to stop, push pause for a moment, and reflect on the past as well.

Related: 12 Questions to Reflect Upon as You Start a New Year

My Past Reflections and Future Resolutions

This past year sure was a whirlwind. Addi went from being a baby that couldn’t even crawl and somehow transformed into a babbling toddler that runs everywhere and climbs on everything. Life sure got . . . → Read More: My Past Reflections and Future Resolutions – How About Yours?

How Small Entrepreneurial Businesses Can Prosper

how small businesses can prosper

Many professionals are launching small side businesses for a little extra income. Some entrepreneurial efforts grow to the point that they can provide a full income, or even employ multiple staff members. Taking your small business or solo venture to the next level takes a lot of hard work, a dash of good fortune, and excellent financial management skills.

Related: 14 Cheap Business Ideas You Can Start Today

How Small Entrepreneurial Businesses Can Prosper

In the early days, sustaining and growing an entrepreneurial venture can be as much a matter of finding, understanding, and taking advantage of opportunities as it is simply rolling up your sleeves or pounding the pavement. Hard work is necessary for business success, but on its own, it may not be enough. Having access to small-business-friendly legislation, grants, loans, and tax laws can mean the difference between a failing venture and a thriving one that:

grows . . . → Read More: How Small Entrepreneurial Businesses Can Prosper

Easy Ways to Get Started With Saving

save for your child's retirement

Once you get into the habit of saving and investing it becomes surprisingly addictive. It is really satisfying to review your investments and see yourself progressing towards your financial goals. Being financially secure improves your life in many ways. You feel a lot more confident about the future and therefore suffer from a lot less stress.

Easy Ways to Get Started With Saving

The problem is that some people find getting started with saving difficult. If you fall into this category, please read on. I have come up with a few suggestions to help you to catch the saving bug. Once you do, you will not be able to stop and your future will just become more and more secure.

Related: Bigger Goals Yield a Bigger Payoff

1) Invest in something physical

One of the problems some people have with saving with a bank is that the numbers in a . . . → Read More: Easy Ways to Get Started With Saving

What to Do and Not to Do with Money at Age 16

do with money at age 16

“Hey, 16 year old Derek. You’re not as smart as you think you are! Sure, you just bought that truck with cash and you recently got a job at that swanky golf course…but you’re going to make some serious money mistakes. And, there are some other things you’ve never done with money that I sure wish you had! So listen up!”

What to Do and Not to Do with Money at Age 16

Ahhh if only we could go back in time! We could undo our wrongs and improve on the things we did right.

Obviously, that’s just not possible (yet), so this article is for all you 16 year-olds out there! If I were in your shoes again, what would I do differently with my money? Let’s start with what not to do…

Don’t Do These Things 1) Don’t Waste Your Money on Technology

When I was 16, I . . . → Read More: What to Do and Not to Do with Money at Age 16