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Sometimes being frugal isn’t enough to meet your financial obligations and goals and you’ll have to look for ways to earn some extra cash.
Whether you’re a stay at home parent looking to supplement your family’s income, looking to pay down debt or establish an emergency fund or saving for a special purchase, here are some ideas to help you make some extra money.
Note that these are not get rich quick schemes and they might not work in every situation. This post will help you brainstorm how to use your unique skills and resources to make money in ways that might not have occurred to you before.
Most taxpayers would probably prefer to do nearly anything (including going through an anesthetic-free root canal procedure) than be audited by the IRS.
However, if you are an honest taxpayer, audits shouldn’t be something you worry about.
Here are some basic facts about audits that should help you to breathe a sigh of relief. [ continue reading… ]
Another powerful technique we’re introducing to change your money mindset is visualization.
If you look up visualization online, you’ll find page after page of “self-help” gurus shilling the idea that you can achieve your goals through the simple act of picturing their achievement in your head.
According to them, if you see yourself achieving your goals, you eventually will.
While there is scientific evidence to back this theory, it’s buried beneath countless pages written by Internet marketers. These guys have been touting this method of turning impossible dreams into easy reality for years.
The data, however, is there, and the method does work.
But, this is a financial blog, not a self-help blog… so you know where we’re going with this, right?
For those of us who travel infrequently, taking a flight can be a budget minefield. It’s not just the constantly rising price of airline tickets, either.
If you don’t plan ahead the next time you fly to Aunt Sylvia’s for the holidays, you may find that the associated costs of flying — from checked luggage to parking to food — may just put a big hole in your travel budget.
Here are the ways frequent flyers keep their costs low:
Most of us know that one of the most important steps to build wealth over the long term is to invest our money, but the idea of investing, for many, is scary. The memories of the last financial crisis may finally be starting to fade, and anyone who remembers that time can tell you of someone they know who had their entire retirement accounts chopped in half. In fact, it was so painful people started calling their 401ks 201ks. Many people had to put off retirement because of the decline, and that’s if they are lucky to still have a job.
While stock market valuations are much higher now, some people are still concerned about what could be coming next. The economy may be doing better, but the headlines are as scary as ever. War, brexit, and the Fed raising interest rates too fast all seem to be just around the corner. In these types of conditions, it’s hard to remain calm when it comes to your money.
Before you panic, though, it’s a good idea to step back. Often, the solution is not to unceremoniously dump your investments, especially stocks. It’s better to have a measured response to the issue. Here are a few things you can do to in order to help you remain calm when you aren’t sure about the market: [ continue reading… ]
Cable companies are a supreme example of a natural monopoly. They’re the easiest example for economics professors to use, because, due to structural conditions, only a few competitors can exist in any cable market. Often, there is only one option that consumers can choose. The consumer has no leverage and is thus at the mercy of the cable company.
Over the years, the price of cable has increased significantly. Luckily, other forms of technology and media have grown as well, leading to a shift in favor of the consumer.
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