Archives for March 2015

10 Reasons 401(k) May Be a Risky Investment For Some

March 30, 2015 1 Comment

As a personal finance blogger, I have been telling in almost every retirement focused blog post that the bets thing you could do for yourself is to save away money in retirement fund, aka 401(k) or 403(B). When I received this guest post I was about to reject and send an apology email to the author. But I took time to read it and it started making sense. He’s not asking you to stop investing in 401(k) but he’s mentioning some of the hidden flaws of the system and possibly he’s also motivating you to use every kind of retirement assets, like IRA, Roth IRA, Annuities, etc along with 401(k). Enjoy the post!

Is 401(k) fund Risky

For many millions of people, a 401(k) plan is seen as the ultimate security blanket. It’s the proverbial pot of gold at the end of the employment rainbow.

How To Save Money On Sports Tickets

March 27, 2015 4 Comments

In 2014, the average NFL ticket price was $84.43, and the NHL average was $62.18. Major League Baseball’s average was $27.93 last year (view full report). Fan Cost Index — four average-price tickets, two small draft beers, four small soft drinks, four hot dogs, parking, two programs and two adult-size caps, was $333.58 for the NBA.

Saving Money on Sporting Tickets

As a sports fan, I love going to games — but the ticket prices often make it tempting to stay at home. If you’re like me, finding ways to save on the price of admission is something of a hobby. Here are a few ways that will work for every sporting event and other events as well.

How Rich Became Rich

March 25, 2015 3 Comments

When you look at a rich person drive a flashy car or take that special holiday in summer, try to understand where they have come from. Richness requires great planning, focus and care on how you manage your finances. You must be careful on the investments you get into and remain highly vigilant on your businesses progress. Here are some key facts on the reasons why rich became rich.

How Rich Became Rich

This post is dedicated to all readers that want to make it monetarily rich one day. I’ll talk about key ingredients which make a person rich. Like everything else, becoming rich requires a lot of hard work and focus. Especially since money is hard to come by, the skills and determination is required for sufficiently longer term.

3 Simple Ways towards Better Investing

March 23, 2015 Leave a Comment

Like in sports, there’s no state as forever unbeatable, personal finance has no such fixed state of absolute success. When we repay debt, we achieve success, but that’s not all. We then try to accumulate wealth. We try to reach a financial freedom. For some leaving a large estate or donation to a charity is the personal finance success measures. So, the circle of finance continues from worst to good to better. Alas, there is no state as the ‘Best’.

3 Ways towards Better Investing

If you have surplus money, you sock it away in checking account, you earn some interest (negligible). When you sock it away in saving accounts, you earn some more interest from that deposit. When you rather invest your money you potentially earn a higher return from your investment. Fortunately and ironically no investment is best. One year stocks perform better, some other years, bonds perform better.

The Dream of Achieving Financial Freedom is Within Your Reach

March 20, 2015 1 Comment

A few days back I posted about financial freedom. Actually there I more tried to define the meaning of that word. In this guest post from renowned personal finance writer Dr. Stanley Riggs tries to chalk out a plan for achieving financial freedom. Enjoy the post!

Are you ready to start building wealth, rather than just making a living? If you already have a good income, are you ready to get off the high income/no net worth treadmill and start down the road to financial freedom? No matter what financial circumstance you find yourself in, here’s how to achieve it:

Your Prerequisites

(1) A mentor in the family, in the neighborhood, in the school, in the public eye or in books who can serve as a role model to emulate.
(2) A marketable skill. A skill that can earn money will become paid work. A skill that does not earn money will just become a hobby.
(3) Delayed gratification priorities. A dollar invested instead of spent today will be many more dollars available to spend in the future.

Important Steps to Home Ownership

March 18, 2015 2 Comments

So, you’re ready to make the big leap into home ownership? Good for you. Home ownership can be a great experience and holds a number of tangible and intangible benefits. But first, you need to actually buy that property, which, especially if this is your first home, can feel more than a little complicated.

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Understanding the mortgage process

Avoid Living The Paycheck to Paycheck Life With These Tips

March 16, 2015 2 Comments

From all of the blessings that have happened in my life over the past few years (new house, new country, side income), is the one that has really helped me to better sleep at night, it is saving a portion I earn for future. it is the move away from living paycheck to paycheck. Paycheck to paycheck living happens when you’re waiting for your next paycheck before you make the financial moves basics each month, as example paying bills or buying food or doing some fun.

Stop living on Pay Check

10 Reasons You Should Buy Your New Home In 2015

March 13, 2015 4 Comments

Let’s not take the title of this post as it is presented. I am going to write why I think now is a good time to buy your new home. You may not agree to me as most of you will think it in different way and your situation might not be right for taking up a mortgage at this time. So take it with a pinch of salt and assume that this article is for those who are contemplating on buying a home for some time.

Why to buy home in 2015

We bought our first home in August 2014. Last year around this time we started looking for homes. It’ll take 3 -6 months before you close out on your home buying. So if you want to buy a home this year, now is the perfect time to start looking for homes.

How I Started Saving Money – By Accident

March 11, 2015 Leave a Comment

I was frugal by birth perhaps. I was born in to a frugal family. There are many who turned in to frugal by their own choices. On this blog I talk about getting reach by being frugal, by saving one cent at a time and by earning one more cent at every opportunity. Chris, our guest poster today, has a catchy blog name “Spend it like Beckham”, if you are a soccer fan, you must have heard about English star David Beckham, who was famous for his bending, like a banana, free kicks. There was a movie which own academy awards titled – “Bend it like Beckham”. I guess Chris got motivated by that movie title.

How to Start Saving

Anyway, this guest post from Chris, as you guessed – from UK, will talk about how he started saving money. Albeit an accident, but it was a good accident to have. Read as this may motivate you to save money, if you’re not already doing so. Enjoy the post!

How to Know When It’s Time to Get Financial Help

March 8, 2015 Leave a Comment

I was going through a recent story about how cancer patients experience the financial worry. As per the report “Four of every five such American patients and their spouses-caregivers in the study said they had concerns about meeting medical costs and suffered “financial stress.” Worries about paying medical costs also were tied to lower mental and physical health, the study found.”

Need Financial Help

Not only among patients, the financial worry is one of the most common factors behind poor mental health and it’s the biggest reason for crime. In this era of gadgets and increased social interaction (although mostly virtual) people need money in the bank. More than what our parents or their parents needed, we need money. Naturally, financial worry becoming more and more widespread.

Archives for March 2015

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Your Prerequisites

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