Smart Thinking On Investing – August 12
Smart Thinking On Investing – August 12
Quit Making These Financial Mistakes Now
- Not having a debt plan; whether you approach debt by the stack or snowball method you can’t overcome it without a strategy in place
- Not challenging yourself and changing jobs or asking for that raise; those who stay in the same employment longer than two years earn a potential 50% less than those who move jobs
- Thinking about kids in the future? With an average child costing $245,340 to raise until they’re eighteen (this is before college too), be sure that you’re prepared financially
Negotiate Your Way to Smart Discounts
- Shop around for cheaper rates to gain an edge in negotiations with your current cable provider and angle a discount
- Long-term credit card customer? Talk to them about lower interest rates. Late payments? Call them and explain the situation; you may be surprised
- Go old school and haggle when it comes to buying a mattress; just like with Airbnb rentals there may be room to maneuver with the price—it can’t hurt to ask
- New to a gym? Or long-term member? See if there isn’t any rate negotiation available
Invest Now For The Future
- Sure, you can just head down the traditional path of saving and making money from your salary but you can also make assets do the hard work for you as well
- Most people invest for their retirement; especially as in today’s economy you can no longer guarantee social security benefits will provide enough when you get old
- College tuition fees for your next generation and extra money for recreation activities as you get older are also great reasons to kick start your investment plans today
Take Steps and Quit Your Day Job
- For those looking to take the leap away from your day job, start by carving a niche out that covers your baseline income; 20 hours a week at least
- Expand yourself; invest in your skills and education for even just an hour a day
- As an entrepreneur (you’re your own business now) it’s important to stand out from the crowd; be above average
- Believe in your own worth and fight for it
- Adjust your mindset, set yourself inspiring goals, and market yourself well
Save Cash Without Noticing
- Pick a small amount that you’re likely to receive in change, then whenever you get some just put it away; it all adds up!
- Plan your meals ahead of time, for the week, and stop those last minute meal purchases when you’re hungry and have no idea what to eat
- Look into alternate shopping places for discounts, and be smart with that tax return; don’t spend it but save it straight away
Do you want to start investing on your own, but don’t know how?
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