Top 6 Ways Online Retailers Trick You Into Spending More

Well-known psychologist Robert Cialdini published a book in the 1980s entitled Influence: The Psychology of Persuasion. Although the book is nearly 40 years old at this point, the six principles of persuasion that Cialdini outlined in the book are perhaps even more prominent in the world of retail marketing today. There are many ways retailers trick us into spending more money. How Online Retailers Trick You Into Spending More Those six principles include: Reciprocity: referring to our innate desire to give back when we receive something Scarcity: the perception of limited resources or time Authority: how we perceive things as more legitimate when supported by an “expert” Consistency: we’re more likely to remain loyal to a person or organization who … Read more

Review of Acre Gold – How to Easily Buy Physical Gold Every Month

Investors often flock to gold and other precious metals when the stock market heads south because these tangible investments tend to be less prone to fluctuations based on government policies, global economic conditions, corporate profits and losses, and other common factors influencing the price of financial assets like stocks, bonds, and Treasury notes. I personally love investing with Acre Gold. This isn’t a sales pitch. There are no affiliate links, and I have NOT been compensated for this review. I simply just love the service and wanted to share it with the Money Q&A readers. But is gold really all it’s hyped up to be? Let’s do some math: in the span of one year (Dec. 2018 to Dec. 2019), the … Read more

How to Save Money as a Wedding Guest

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Getting married is both a beautiful dream and a financial nightmare. As cynical as that sounds, the fact that the average wedding in the U.S. now costs almost $30,000 demonstrates how true this statement is. If you’re done with planning your own wedding and instead of attending someone else’s ceremony in the near future, then how can you possibly save money as a wedding guest? Save Money as a Wedding Guest Sure, it’s cheaper to be a guest than a host, but weddings are still pretty pricy for guests as well. In fact, a study from LendEDU in 2017 found that the average American spends over $1,380 to attend a wedding! To avoid the financial headache of weddings, here are … Read more

Stash Invest Review – How to Invest with as Little as $5

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There are so many different available options for investing today, though don’t let this seemingly endless array of investments overwhelm you. If you prefer a simplified approach to investing geared towards relatively straightforward goals such as passive wealth accumulation and/or saving for retirement, then Stash Invest could be just what you’re looking for. Stash Invest launched its first app in 2015 with the goal of simplifying the investment process so even folks with just $5 to invest could try it out. Oftentimes people who feel like they’re broke avoid getting into the investment game because they mistakenly believe they don’t have enough money to invest. Among the many myths surrounding investing nowadays, the notion that you need to have at … Read more

When to Start Saving for Retirement: 11 Facts Everyone Under 30 Needs to Know

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Setting up a retirement fund is a vital financial skill that could have a huge impact on your future quality of life. Despite the importance, a lot of younger people simply don’t know when to start saving for retirement. When to Start Saving for Retirement Making the right choices early on could make all the difference between a happy retirement or a constant struggle. This article lists 11 things you should know about saving for retirement. Let’s get into it. 1. When to Start Saving for Retirement? As Early as Possible If you take one thing away from this article, make it this point. One of the biggest regrets that people often have in life is that they didn’t start … Read more

The Top 5 Passive Income Resources Every Investor Needs to Have

The following is a guest post by Matthew Ramey, the owner and operator of MoneyByRamey.com. If you’d like to submit a guest post like this one about passive income resources to Money Q&A, be sure to check out our guest posting guidelines. Investing is one of the best ways to grow your money. Yes, there are many risks to it, but as long as you know what you’re getting into, you will always have good chances of getting excellent returns. One of the easiest types of investment that you can try out is Passive Investing. What is Passive Investing? Well, it’s when investors place their money in various passive income strategies to generate a steady stream of cash without them … Read more