How Ways To Raise Money
January 28, 2009
In these trying times, with so many Americans being laid off, hours cut, salaries froze, investments lost, mortgage challenges and so much more, I’m often asked, “How can I make some money?” Months of research have led to 5 ways that the average American can raise money with the least impact on their family. Sure the simple answer of get another or part time job may work for some but not all. In one case a woman taking on a part time job, after paying gas and child care was only brining home under $100 a month. There has to be a better way that allows her to be home with the kids and still bring in at least $100 a month.
If you need some cash quick or want a little extra each month try the following suggestions:
1. Sell Your Talents: We all have talents that others could use and make us money at the same time. A friend recently shared how she started to bring in an extra $80 a week by giving piano lessons. A neighbor of hers had to cut back on their children’s piano lessons, Read more
How Teach Your Kids About Money
January 28, 2009
Teaching your young children about money is one of the most important things you can do as a parent. Don’t wait until they are teens to teach them responsible money management skills for a lifetime.
What lessons you impart depend on your kids’ maturity, but you can usually get started by the time your child turns seven. Don’t pass up this opportunity, because preteens still accept guidance from their parents; later on, peer pressure becomes a stronger influence.
Allowances
Giving your kids an allowance is a great way to teach them how to set savings goals. Decide whether to tie it to chores or require kids to set aside a portion for savings or charity. (Charitable contributions can teach kids that, sometimes, feeling good about helping others trumps spending on themselves.) Read more
Guide to Retirement Planning
December 6, 2008
An old saying goes,” It is never too early to start saving for your retirement”. If you want to make sure that you do not run into any problem while nearing the dusk of your life, it is best to start planning for your retirement today. Remember that delay of every single day shall mean that you lose a substantial part of your sharing. What’s more with most of the retirement plans that get immediate or postponed tax benefits.
There are two options for you to consider for retirement planning. You can opt for an Individual Retirement Account (IRA) or you can opt for a 401k plan. Both of these plans are based on propositions and regulations laid out by the government of United States. Read more
How Creative Money Solutions
December 5, 2008
Most people tend to focus on money problems. They complain about how expensive everything is or how they have no money to pay the bills, or whatever else there is to complain about. They hardly ever think the opposite way and think of money solutions.
YOU CAN EASILY TURN THINGS AROUND!
It’s true. Start thinking in the opposite direction. Solve your problems instead of complaining about them. Would you agree with me that it is hard to think of solutions when you are always thinking of the problems? Read more
How to Get Extra Money in a Bad Economy
November 28, 2008
In these tough financial times, more and more people fall into financial despair and need to get extra money in this bad economy. Many of these individuals could make ends meet if they could just put a few extra dollars in their pockets a month.
And there are two ways to put extra money in your pocket. The first, which is the easiest and fastest, is to cut out that unnecessary spending. At first glance, you might think that your budget is very tight and there is nothing inn there to cut. As a financial advisor for 23 years, I have found that this is seldom the case. There are almost always ways to save money. Read more