Four Rookie Mistakes People Make That Keep Them Poor *This article is Part 2 of a series. You can read Part one here. I wrote yesterday that I wasn’t going to discuss the technicalities on how to become financially independent. If you want serious advice in that regard, I’d suggest spending some time at iwillteachyoutoberich or at the library. Instead, I’m going to focus on changes to your attitude or perception that will help you along the way. How would I define rich? A friend of mine spent 8 years investing his money. Another friend of mine has a combined household income with her husband of over 450 thousand a year. Do you see where I’m going with this? OK, now I’m going to talk about some of the rookies mistakes that people make that force them into a lifetime of indentured servitude: 1. Notice how the people who say ‘have kids while you’re young! There are a lot of reasons for this, but the main one is that children make it harder for you to take risks. I’m not knocking the joys of parenthood. I don’t envy you. 2. 3. 4.
Frugal Living | Frugal Tips | Frugality EmailEmail Frugal Living is not just a way of life, it’s also a state of mind. We can aim to generate as much income as possible, but wealth won’t accumulate without wise spending habits. Frugality is about stopping the money leaks while still living a fulfilling life and it requires a mindset adjustment in order to succeed. Here are a few articles to start you off on the right path. Frugal Living Tips And here are a few practical tips so you can live frugally and happily. Example and Experiments and Practical Advice Need more tips? Frugal Living – What Do You Think? Do You Think Saving Money is Always Worth It? This is actually the beginning. Wait, Here’s The Best Part You can also sign up for the free frugal newsletter, and for a limited time, I’m giving away a free 7-part mini course on how to live simpler, more frugal and be happy.
Baking Soda Uses | I just bought a huge….GI-normous bag of Baking soda and I am thrilled at all the possibilities. Marvin at LiveHackery.Com came up with these 75 Good Ideas and Uses for Baking Soda! Baking soda is a chemical compound that appears as a fine powder. It releases bubbles of carbon dioxide when it interacts with an acid and a liquid. Health Uses 1. 3. In the Home 18. In Cooking 35. 37. 43. Cleaning Purposes 44. 45. 73. The most amazing thing about baking soda is that it’s super cheap. Author: Amy Allred is the Creator of GoodIdeasandTips.com.
Save Money and Budgeting Forums - What are your best money saving ideas? 1. I cloth diaper (making my own saves me even more than buying from off the internet and in stores) some of my diapers are made from old sheets, shirts, sweaters, blankets and scrap material. This saves me an average of $60-80 a month. I also use my own homemade babywipes made out of scrap pieces of flannel material or old wash cloths. 2. we do not buy paper towels nor napkins that often (dh and his friend sneaks in a roll from time to time) I use kitchen hand towels. 3. i also own a Scunnci steam cleaner which helps cut back on cleaning products. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. The Cheapskate Guide: 50 Tips for Frugal Living Post written by Leo Babauta. Follow me on Twitter. Confession time: I’m a cheapskate. Some would say frugal, which sounds much more positive, but in reality I can be a real cheapskate. I am fairly frugal (though not always), but sometimes I take it too far: I have T-shirts with holes in them, I never buy new clothes, we’re shopping for a new couch because our current one has holes in it, and I ran my current pair of running shoes until the soles fell off. However, I have gradually learned to be frugal in many ways that I would recommend to others. Why live frugally? All of which you might believe, but I believe I do have a life. So, if you’d like some tips on frugal living, here are just a few, from a cheapskate. Go with one car. —Read more about simple productivity, focus and getting great things done in my book, The Power of Less.
Make A Year’s Worth of Laundry Soap for $30.00! Regular readers of this blog will know that I am completely sold on the No-Grate Laundry Detergent that I posted back in February of this year. But, like I’ve said many times on this website, I am always open to new ideas! And I really liked this idea that someone posted as a comment awhile back. A YEARS worth of Laundry Soap!?!? That’s an idea that is hard NOT to get behind! Here is the recipe that Anonymous posted (the text in red are my notes): Anonymous said… I make a dry version which works better for my family. To grate the bars of soap I decided to make it easier on myself and use my ancient Hamilton Beach food processor. My only other tip for this recipe has to do with the “mixing”. Since we are over the “family of four” limit, and I tend to think we have more dirty laundry than your AVERAGE family…I’m not expecting this to last a full year….but based on my initial use of this (2 Tablespoons per load)….it’s going to last us a GOOD, LONG time!
7 Reasons to Pretend You Make Less Money We all know you can get in financial trouble by pretending to have more money than you actually do — and most of us know that you can’t make an educated guess at someone’s salary by checking out the car they drive. So you can appear to be wealthy even if you’re not. But can you get ahead by telling yourself (and intimating to others) that your paycheck is smaller than it actually is? There are some pretty compelling reasons to do it, and you could find yourself in a far better position than if your paycheck just barely covers expenses. Here are some reasons to consider pretending your paycheck is just a bit smaller than it really is. 1. If you don’t have an emergency fund (or even if you do), you can pretty much count on having an emergency. 2. If you pretend you make, say, 10% less than you actually do, you can probably cut expenses to accommodate the reduced pay. 3. 4. Retirement seems a long way off when you are in your 20s, and it is. 5. 6. 7. More Money-Saving Reads: Image: Hemera
Frugal Living and Money Saving Hacks by Being Frugal The Family Homestead Worst money mistakes you can make at any age Jayme Burrows/Shutterstock Everyone makes mistakes with money. We don’t save enough, or we spend too much on something frivolous. “But there are also financial concerns that are unique to different stages of life,” says Joel Ohman, CFP and founder of InsuranceProviders.com. As you maneuver through life’s ups and downs, here are the slip-ups to watch out for in each decade. Watch video: The worst mistakes you can make financially in your 20s, 30s and 40s Frugal Coupon Living ℠ as seen on Dr Phil — Stretching Your Pennies, Saving Your Dollars 26 Tips and Tricks To Simplify Life I have been collecting all kinds of clever tips to make life just a little bit more simple. Here are some of my favs! 1. Cord organization tips. 10. 19. Simple Lemon water. Want to be eco-friendly but not have to mess with cloth diapers? More From New Nostalgia:
5 Easy Steps to Get Control of Your Finances If you’re living from paycheck to paycheck or your finances are feeling pinched, it’s a good indicator that it’s time to take control of your finances. One of the most important steps to doing that is to take a good hard look at the money you have coming in vs. the money you have going out, so that you can establish a solid budget — and stick to it. Here are 5 easy steps to get you started: 1. How much money do you have coming in? 2. One of the most difficult steps in establishing a budget is determining how much money you’re spending – how much money is going out. 3. Now that you’ve gotten the hard part out of the way, it’s time to look at where you can cut back. 4. In today’s economic environment it’s more important than ever to have a financial cushion for emergencies. 5. So you’ve established a solid budget and have a great plan in place – but how do you stick to it?