If you have a property and own it you can put it to work by renting it out. You can’t rent out your rental apartment
Tag: Frugal
Excellent ETFs and boring bonds
Excellent ETFs: ETF are exchange traded funds sold on the market. They may be portfolios of stocks in a certain sector such as energy, technology,
Marvelous Mutual Funds
Mutual funds are great for beginners. Why do I think this? They allow one to get in on the action of stocks, bonds and real
Extreme Frugal Living
There are groups of people out there who are into extreme frugality. These people may grow their own food, make their own clothes, raise chickens,
Learning More about Investing
Now that you know a little about saving and investing it’s time to dig in a bit deeper. Here are some resources for newbies to
Boozing on the cheap
Speaking of wines, I don’t think it’s wise to spend more than $10-$15 per bottle for most people. The reason I say that is they
Time Shares,Vacation homes, RVs
Time shares: No, don’t take the tour and sign up! While this might seem like a good idea they are hard to sell once you
Only little people pay taxes
“Only little people pay taxes!” That is a famous quote from Leona Helmsley. A rich hotel owner from NYC in the 1980s. She was known
Introduction to investments
There is a subtle difference between investments and savings that many people don’t understand fully. The purpose of saving is to not spend and accumulate
Side Jobs for Extra Cash
Let’s say you are working hard to pay off your debts and you want to earn some extra cash on evenings or weekends. You can
Traditional IRAs
Traditional IRAs are also good also but somewhat limited in nature Contributions are made on a pre-tax basis like 401Ks One pays the taxes upon
Debt in retirement is a big no no
Never take debt into retirement or accumulate debt in retirement. You may have to go back to work full time! Not cool and they may
Rocking Roths
Roth IRAs are a supplements to 401Ks A Roth IRA is a retirement account that is funded with post tax dollars instead of pre-tax dollars.
Car Loan Trap
I don’t like car loans. The reason for this is you are making payments on a depreciating asset with interest. People often also end up
Paying off student loans
Ah student loans, seemingly so innocent when signing the promissory note but in reality deadly serious. Why do I say that? Federally backed student loans
Frugal Living Mantras
The philosophy of how to live frugally and be happy. Frugal living is our rake to bring in more money so we can invest it
Cut the Cable TV umbilical cord?
Cutting the cord is quite popular now. Whether it is the right choice for you depends on a few things. Cable tv is most certainly
Save on Your Utilities Now
You can’t avoid utilities bills but try to minimize them Heating: Save $50 to $75 per month Crank down the heat to 68 or 67
Save $200 per month on lunches and dining
I used to think my boss was crazy for bringing his lunch every day to the office. However he has a second house in the
Save $150 per month on coffee
Small changes bring big savings! Let’s start with your daily caffeine habit. Chances are if you work you drink coffee and pay a lot for
