Tag Archives: Budgets

2. Infesting Investing

Investing is another popular escapade people, myself included, evade at all costs; at the cost of new electronics, home furnishings, tropical vacations, or just a few concerts. But again, in the long run investing is going to allow you to maintain your quality of life as long as you live. I find that if I put the money away before I have the chance to see it (straight out of my pay check) I can avoid the dilemma of wanting to spend it before being able to invest or save it.

The good news is you don’t need a lot of money to start investing. There is an online brokerage firm called Scottrade where you can make investments for $7 USD. The only catch is you have to know what you want to invest in. Their site is directed at the “self directed investors” providing a cheap and easy way to buy and trade stocks online.

Although they don’t give you advice on which stocks to buy they do provide a host of information and background like top gainers and top losers, real-time streaming quotes and research, and graphs displaying the history of any particular stock over the last 1 day, 5 days,  6 months, and 5 years. So if you have any interest or experience in monitoring stocks, mutual funds or ETF’s an online brokerage firm could be the way to go. On the other hand, if you have no interest in investment research it would probably be worth your time and money to pay someone else to do it for you rather than dumping money into something you are clueless about. Another option before heading straight to a consultant office would be to talk to any close friends or family members that have experience in trading. You never know how far a little advice can go. The sooner you get started the more chances you have to receive a greater return.

 

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1. The Dreaded B Word

I’ve spent a lot of time avoiding setting a budget. If I don’t know how much I should be allotted to new shoes each month I’m not breaking any rules right? But my savings account isn’t getting me any closer to a tropical getaway next winter either. It’s not rocket science, you have to spend less than you make. So figuring out how to do that starts with setting a budget. I really like Mint.com.

It’s a great site to create an online budget for free. It connects you with your bank accounts, investments, and credit cards and help you set goals and save for them. It’s also really easy to navigateand does all the math for you so if your not a numbers or a computer person you should still be able to figure it out.

Is ignorance really Bliss? Or is another five letter B word that comes back to bite you in the tush after the shoes have been worn in?

He pasado mucho tiempo evitando hacer un presupuesto. Si no sé cuánto se debe asignar a unos zapatos nuevos cada mes, ¿no estoy rompiendo ninguna regla, cierto? Pero mi cuenta de ahorros no está cercana a llevarme a un paraíso tropical el próximo invierno. No es física cuántica: debes gastar menos de lo que ganas. Así que encontrar la manera de hacerlo se inicia con la buena administración de un presupuesto. Me gusta mucho Mint.com, es un gran sitio para hacer un presupuesto en línea de forma gratuita. Te conecta con tus cuentas bancarias, inversiones y tarjetas de crédito y te ayuda a establecer metas y ahorrar para ellas. También es muy fácil de navegar y hace todo los cálculos por ti, por lo que si no eres matemático o informático, igual puedes entenderlo.

¿Es realmente la ignorancia la dicha? ¿O es una palabra de cuatro letras que comienza con P que viene a morderte el trasero después de que los zapatos han sido usados?

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Lemonade Stands and Street Dances

I remember thinking of ways to make money by the time I was eight years old. I didn’t come from a family where we lacked the basic necessities but somehow American ideologies instilled this interest in my left-prone brain. I wasn’t a creative genius so I came up with ideas like the classic lemonade stand (which I saw more as a business endeavor than a fun way to get together with kids in your neighborhood to drink sugary beverages) and strategizing ways to choreograph and perform street dances with my friends, where people would pay us a bunch of money to watch us prance around in neon spandex to Janet Jackson. The plan was perfect. We were going to perform in churches and other places we were familiar with that people might want to pay good money to see school girls dancing with no professional training. I also had aspirations of designing greeting cards that I would sell in mass quantities to Target and Wal-mart. My mom had one look at my “portfolio” and said I was a shoe-in. She also offered to give me a lift whenever I felt prepared to make a deal.

Although these dreams didn’t come to fruition in the way I may have imagined at the time, I had fun. And since then I have discovered several small ways to save money and live more efficiently without sacrificing quality of life or bothering your close friends and family about purchasing a new set of cutlery. Many ideas you may have heard of before but even if I mention a couple new concepts that you find could be easily implemented in your daily life I consider that a successful share. Take that crumbling economy!

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