What Are Things You Never Go Cheap On and Why?

How to Control Your Impulsive Spending Habits

The following is a blog swap post from Joe at Retire By 40, where he writes about his journey to early retirement and other fun stuff along the way. Check out my post I Don’t Mind Paying Full Price For Experiences at his site today! What are things you never go cheap on and why? This is a pretty tough question for me. The crux of the question is the definition of cheap. If cheap means paying less than full price, then I go cheap on pretty much every product I purchase. We buy generic brand groceries because it’s cheaper and the quality is the same. The only thing I buy at full price is Colgate because I don’t like the … Read more

Betterment Review – An Easy Way To Start Investing

Betterment

Betterment is an investing website that tackles the perceived complexity of investing head on. I hear it time and time again from the readers of Money Q&A and even my own family members that they simply are scared to invest because they think that it is too complicated. Betterment works to break down that notion and makes investing a simple process that is goal oriented. While Betterment is essentially a stock brokerage firm, it takes the title to a new level targeting the segment of potential investors that have been sorely lacking representation, the new or novice investor. While even experienced investors can receive a lot of value from the company’s approach, the company’s niche is the new investor who … Read more

How to Make Easy Money Selling Online with eBay Arbitrage

How To Make Money With eBay Arbitrage
How To Make Money With eBay Arbitrage

Have you ever wondered where people get the things that they sell on eBay or Half.com? Have you ever stalked an item on eBay? My wife used to desperately want a crystal Tiffany’s iconic blue box. For weeks, I stalked the item on eBay in order to get it for her for Christmas one year. I was barely able to find it in time. I almost had to pay full price for the crystal box.

Have you ever seen items in stores that you know are selling for a higher price on eBay? Have you ever seen items on a website that you know sell for a higher price on eBay? You can profit on that difference in price parity. It is called arbitrage.

What Is Arbitrage?

Enron stock certificates are great for eBay arbitrageArbitrage is usually talked about in currency circles of finance and economics. There are often times when different countries’ currencies are not priced correctly. Let me give you a simple example. If the United States’ dollar is worth 1.5 Canadian dollars and one US dollar is worth ten Mexican Pesos, if a Canadian dollar does not equal 15 Mexican pesos, then there is a currency arbitrage.

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