The promised stimulus payments are going to hit our bank accounts any minute now, but plenty of us are still wondering what’s going on.
I wanted to know exactly when they are planning to arrive, so I went digging into the specifics.
Here’s what I found out for those of you who have lingering questions on the coronavirus checks.
Buying name brand was the way to go once upon a time. Walking into a grocery store, you could easily spot the brands you know and trust. Even though you were paying a premium for them, the purchase made you feel good because you were choosing quality over quantity.
But that isn’t necessarily the case anymore.
Now, there are numerous generic brands available and many of the products they produce are the same quality as those name brands, maybe even better. Too bad many of us aren’t taking advantage of these savings though. According to a 2014 study by Tilburg University, Americans are wasting approximately $44 billion dollars a year on name brands. Ouch! You’ve probably contributed to that number at some point too.
Instead of always going to the brand with the best commercials, here are five products you should always buy generic:
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My friend said to me the other day:
“I sold all my holdings in the 401k a couple of weeks ago. What do I do now that the Dow just went up 11%? Is this the bottom?”
Editor’s Note: Scratch that… it’s up another 15% since that text from him for a 25%+ move!
I replied, “I don’t know. In fact, nobody knows. Everyone will have an opinion on whether we are at the bottom of market valuations, and a ton of them will turn out to be right. But you can’t act on that information alone because no one knows who’s prediction will come true in advance.”
What I do know, though, is that moves you make now can significantly affect how much of a nest egg you will end up with. Studies have shown that people who tinker with their portfolio end up making costly mistakes, but we are humans after all.
If you already sold out and can’t quite figure out how to get back in, or simply scared out of your mind that you still own stocks, then here’s what you need to do:
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Marc Anthony is credited with saying “do what you love, and you’ll never work a day in your life.” Many successful motivational speakers and businessmen like Warren Buffett tells young people to choose the job they’d pick if they didn’t need the money too.
But is it true? Does pursuit of a dream job always lead to success? There are plenty of people who don’t think so, and they’d warn you that blindly following this advice could not only lead to disillusionment, but becoming the proverbial “starving artist.”
Let’s face it – some of us have passions that aren’t very lucrative, but are rather known for low wages and long hours. Another problem is that most people’s dream careers fall within the same categories: the arts, environmental causes, and the nonprofit sector. This means highly competitive job markets that requires you to be extremely qualified and well-connected to be able to do what you love.
Skeptics of the “do what you love” mentality remind people that the definition of work is what you do to pay for the time and resources to do what you love. This doesn’t mean you should choose a boring 9 to 5 and settle for dreading Mondays, though. I think it’s possible to find a comfortable compromise between the two, and here’s how I recommend doing it.
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Ramen noodles may be cheap, but they sure don’t offer much in the way of nutrition. In fact, it seems that all the affordable foods in the grocery store are pretty bad for you.
However, there are ways to maintain a healthy diet for less. It takes some commitment and a little creative cooking, but these ten tips below should help you out:
A month ago, nearly everyone would doubt you if you declared that the world will eventually all work at home.
Yet here we are.
Just a few short weeks later, with everybody instantly converted to telecommuting.
The world changed overnight. How are you coping?
Are you going crazy trying to be an unqualified school teacher with many kids in the house these days? Or do you feel lonely with the sudden lack of social interaction?
Are you glued to the constant news about coronavirus and the stock market? Or are you too busy trying to look for another job because you were recently let go?
No matter your circumstances, everybody can use a bit more money in their pockets right now.
And while increasing income is likely out of the question for practically all of the world’s population, we can always work on reducing our expenses.
Here is a reminder of some common sense but very effective ways you can save some money starting today.
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