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 something that has … [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? Here are some key steps to … [Read more...] about Separating Finances When You Are Separating