Have you ever noticed that a large portion of our lives are dominated by a small portion of things? It's called the Pareto principle or the 80/20 rule. 80% of our lives are ruled by just 20% of the most important things. My mother was a high school math teacher, and she would spend 80% of her time dealing with 20% of her problem students. This is just one simple example of how the Pareto Principle is at work in our lives. There are so many more examples of where the Pareto Principle dominates factors of our lives. And, the Pareto … [Read more...] about How To Use The Pareto Principle To Save A Ton Of Money
Archives for January 2013
12 Personal Finance Books I Am Reading This Year
I am a book junkie. My goal is to have a wall of books or my own personal library like a college professor. That's one reason that I wrote the 10 best personal finance books I have on your bookshelf last year which included The Total Money Makeover by Dave Ramsey, Crush It by Gary Vaynerchuk, The Automatic Millionaire by David Bach, and several other great personal finance books that everyone should read. So, I thought it would be interesting to talk about what I am going to read this year throughout the year. This year I'm … [Read more...] about 12 Personal Finance Books I Am Reading This Year
Top Tips for Starting a New Business and Making Money
As the UK is still suffering financially and running the risk of a triple-dip recession, it may seem like the worst time to start a new business. However, this year could be the best time to start a new business as long as you take the steps to improve its chances and make money. You will need to have a great business idea, the marketing skills and the flair for networking to succeed. Here are top tips for making money with your startup this year. Find Gaps in the Market You need an idea – and a good one! You need to find … [Read more...] about Top Tips for Starting a New Business and Making Money
Where To Invest $1,000 In Today’s Market
Do you have a lot of money sitting idle? Do you know where to invest 1000? There is a lot of cash on the sidelines of the market. People have been scared and have a significant amounts of money sitting on the sidelines, under their mattresses, and in savings account earning little to no interest. There are better places to put this money to work like investing in the stock market. While $1,00 seems like a lot of money in today's standards were people are having so much of a hard time making ends meet, in the grand scheme of things it is not … [Read more...] about Where To Invest $1,000 In Today’s Market
How To Invest Money Like A World Class Poker Player
I used to love to play Texas Holdem Poker. I still do, but I also have to know when something starts to become habit forming and possibly not healthy. Believe it or not, but there are a lot of things that investors can learn from poker players that will make you a better investor in the long run. You can learn how to invest money like a poker player. There are a lot of similarities between the two. Here are ten attributes that I wanted to highlight how to invest money like a world class poker player. There are some great insights that … [Read more...] about How To Invest Money Like A World Class Poker Player
Separating Finances When You Are Separating
The following is a guest post by Angie Picardo is a staff writer for NerdWallet, a personal finance website dedicated to helping consumers. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines page. Today, it is almost rare to know people who’ve never been divorced. However, just because we are more familiar with divorce does not mean we are well equipped to handle divorce finances. How can those separating separate finances in a healthy, respectful, and responsible way? … [Read more...] about Separating Finances When You Are Separating
Manage Your Money Better
You read a lot about managing debt these days as if somehow it’s a complicated business but that there are various strategies you can adopt to manage your money better. For most people whose debts aren’t beyond the point of no return, it all boils down to managing your money better. You can manage your money better with a few simple tips. But how do you actually do this – and where’s the best place to start? Manage Your Money By Taking Control The first step to take in taking control of your finances is to look at where your money goes and … [Read more...] about Manage Your Money Better
Five Ways You Are Wasting Money Around The House
Are you looking for ways to save money in your family's monthly budget? You may be surprised to realize just how you may be wasting money around the house with everyday items that you haven't even considered. If you just look around your home, I'm sure that you can find several ways that you can save money instead of wasting money around the house. Five Ways You Are Wasting Money Around The House Having 200 Cable Channels Do you have the biggest cable or satellite television package that is offered? Have you ever sat down to seriously … [Read more...] about
Tips To Save Money On A Mortgage
The excitement of homeownership is often countered by the burden of long-term debt. Imagining life in 30 years, still forking out hundreds or thousands of dollars each month, can be an overwhelming thought. Each loan has unique terms, but most allow a few options for homeowners to save money on the total cost of a mortgage. Pay Extra Toward the Principal The most common strategy to save money on a mortgage is to pay it off ahead of schedule. This technique allows owners to avoid a great deal of the cost of interest and shorten the life of … [Read more...] about Tips To Save Money On A Mortgage
Understanding The Basics Of Life Insurance
Whether you heard it from your insurance agent, an investment specialist or your own mother, you probably know that life insurance is a good thing to have. Despite that being the case, many people still have the question, how does life insurance work? Individuals have a vague understanding that money will be paid if someone dies, but things like whole life insurance policies complicate the matter. Understanding Term Life Insurance Probably the most common type of policy, term life insurance covers a predefined period of time. The policy owner … [Read more...] about Understanding The Basics Of Life Insurance