How to Stop Spending So Much
The current economic situation may have already reduced what you spend, but if you still have bad spending habits, this one is for you.
MIND CONTROL - Use daily mantras (sayings) to remind yourself of what is important. Now when my child wants a $20 toy, I think to myself, "I could invest that in the stock market or currencies and begin making money off of that $20". Those thoughts prompt me to talk my child out of the toy.
CARRY A SMALL AMOUNT OF CASH - I consider the amount to be about $20, however you may have a larger or smaller amount. Do not refill your purse until the $20 is gone.
CARRY ONLY ONE CREDIT CARD - Vow to use it for emergencies only. Such as you are going to run out of gas, etc.
CUT OUT FAST FOOD - Just as in Step 1, why would you want to spend $15 more or less on fast food when you could be using that money to make more money for yourself. It's a double whammy, wastes your money and adds to your waist.
SET GROCERY SPENDING - Decide how much you will spend at the grocery store before you go in. Before getting in line, clear out any junk that is in your basket, such as soda, cigarettes, sunny D, donuts, chips. Do not take out healthy items like fruits, vegetables, whole grains, nuts or hard cheeses.
Thursday, March 26, 2009
Saturday, March 21, 2009
How to Not Take a 401K Withdrawal
How to Not Take a 401K Withdrawal
In these difficult times, I know it is very tempting to dig into your 401K, however, please try to do everything you can before taking this step. Here are ways to raise money and start investing.
RAISE YOUR SEED MONEY - You will need at least $250.00 to invest in currencies and at least $500.00 to invest in the stock market. I have written articles about both, so look them up after you have the money available. My first suggestion for pulling together seed money is a garage sale. Clean out your garage and sell everything that you can. Put up signs that are large and clear directing your buyers to your location. Put an ad in the newspaper for maximum results. Remember you are trying to sell not keep, so put the prices low and be willing to negotiate. As soon as you get some money in your hands, you can turn it into more money. It is also very Feng Shui to clean out your stuff. Get rid of everything you can. You can also prepare ahead of time by going to friends and neighbors and asking if they have anything they want to get rid of (that they were intending to donate, etc.), tell them that you are trying to raise money to better yourself. My second suggestion is babysitting or mowing lawns. Just about anyone can babysit. This is a great one for stay at home moms because you are already doing it, you might as well get paid for it. My third suggestion is selling through direct sales. I do not recommend a career out of it but you can sell for a couple of weeks and easily make $250-$500 that you will need to get started in currencies and stocks. Some direct sales companies, such as Partylite, do not required you to pay for your kit to get started. Unless you are really into candles, you may want to try Pampered Chef, Tastefully Simple or Longerberger. This is my least favorite recommendation because I do not think that eBay is a good choice for most people, but if it is the only thing that you can do right now, then sell your items on ebay. Sell your used items or make some easy at home crafts such as candles.
START MAKING MONEY - The currency market is called forex. There are numerous online sites that will teach you how to navigate the forex market for free. You will not need to pay anyone to learn the skills necessary to make money. Read everything you can on the subject. It is not as difficult as it first appears, do not be intimidated. You can learn it! I recommend babypips.com for an excellent education on currencies. Look up forex online and find a reputable online broker. I recommend forex.com. Start a practice account. It is free to start and use a practice account. You will need to practice for a minimum of 3 months before you start trading in your live account. Remember practice makes perfect, do not skip this step. Fund your live trading account. You will only need a minimum of $250.00 to start, but it is recommended that you start with $1,000.00 to $5,000.00 Start trading. The forex market is open 24 hours a day, from Sunday to Friday. Find out the times that work best for you. Fridays and Holidays are not usually the best time. Trade during the busiest times, such as late evenings and early mornings. Many training sites will tell you the best times to trade. I recommend actionforex.com for daily currency advice. Good luck!
In these difficult times, I know it is very tempting to dig into your 401K, however, please try to do everything you can before taking this step. Here are ways to raise money and start investing.
RAISE YOUR SEED MONEY - You will need at least $250.00 to invest in currencies and at least $500.00 to invest in the stock market. I have written articles about both, so look them up after you have the money available. My first suggestion for pulling together seed money is a garage sale. Clean out your garage and sell everything that you can. Put up signs that are large and clear directing your buyers to your location. Put an ad in the newspaper for maximum results. Remember you are trying to sell not keep, so put the prices low and be willing to negotiate. As soon as you get some money in your hands, you can turn it into more money. It is also very Feng Shui to clean out your stuff. Get rid of everything you can. You can also prepare ahead of time by going to friends and neighbors and asking if they have anything they want to get rid of (that they were intending to donate, etc.), tell them that you are trying to raise money to better yourself. My second suggestion is babysitting or mowing lawns. Just about anyone can babysit. This is a great one for stay at home moms because you are already doing it, you might as well get paid for it. My third suggestion is selling through direct sales. I do not recommend a career out of it but you can sell for a couple of weeks and easily make $250-$500 that you will need to get started in currencies and stocks. Some direct sales companies, such as Partylite, do not required you to pay for your kit to get started. Unless you are really into candles, you may want to try Pampered Chef, Tastefully Simple or Longerberger. This is my least favorite recommendation because I do not think that eBay is a good choice for most people, but if it is the only thing that you can do right now, then sell your items on ebay. Sell your used items or make some easy at home crafts such as candles.
START MAKING MONEY - The currency market is called forex. There are numerous online sites that will teach you how to navigate the forex market for free. You will not need to pay anyone to learn the skills necessary to make money. Read everything you can on the subject. It is not as difficult as it first appears, do not be intimidated. You can learn it! I recommend babypips.com for an excellent education on currencies. Look up forex online and find a reputable online broker. I recommend forex.com. Start a practice account. It is free to start and use a practice account. You will need to practice for a minimum of 3 months before you start trading in your live account. Remember practice makes perfect, do not skip this step. Fund your live trading account. You will only need a minimum of $250.00 to start, but it is recommended that you start with $1,000.00 to $5,000.00 Start trading. The forex market is open 24 hours a day, from Sunday to Friday. Find out the times that work best for you. Fridays and Holidays are not usually the best time. Trade during the busiest times, such as late evenings and early mornings. Many training sites will tell you the best times to trade. I recommend actionforex.com for daily currency advice. Good luck!
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Monday, March 16, 2009
How to Make Money Online Investing for Stay At Home Moms Start with $0
Teach yourself how to invest and trade in currencies online and make extra cash for your family.
The currency market is called forex. There are numerous online sites that will teach you how to navigate the forex market for free. You will not need to pay anyone to learn the skills necessary to make money. Read everything you can on the subject. It is not as difficult as it first appears, do not be intimidated. You can learn it! I recommend babypips.com for an excellent education on currencies.
Look up forex online and find a reputable online broker. I recommend forex.com. Start a practice account. It is free to start and use a practice account. You will need to practice for a minimum of 3 months before you start trading in your live account. Remember practice makes perfect, do not skip this step.
Fund your live trading account. If you are starting out with no funds, I recommend having a garage sale, selling your items on eBay or having a bake sale to raise money to get started. You will only need a minimum of $250.00 to start, but it is recommended that you start with $1,000.00 to $5,000.00
Start trading. The forex market is open 24 hours a day, from Sunday to Friday. Find out the times that work best for you. Fridays and Holidays are not usually the best time. Trade during the busiest times, such as late evenings and early mornings. Many training sites will tell you the best times to trade. I recommend actionforex.com for daily currency advice. Good luck!
The currency market is called forex. There are numerous online sites that will teach you how to navigate the forex market for free. You will not need to pay anyone to learn the skills necessary to make money. Read everything you can on the subject. It is not as difficult as it first appears, do not be intimidated. You can learn it! I recommend babypips.com for an excellent education on currencies.
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Friday, March 13, 2009
Do I Need To Hire a Tax Attorney?
Do I Need To Hire a Tax Attorney?
If you are wondering whether or not you need to hire a tax attorney, let me give you a few tips to help you decide. First of all some people like to hire a tax attorney to handle the filing of all of their taxes right from the beginning instead of using an accountant. There are many benefits to using a tax attorney. A tax attorney, because he/she is an attorney owes you, his/her client the benefit of confidentiality. That means that if you have a tax or legal issue, your tax attorney cannot be compelled to give statements, testimony or other evidence because of the attorney client confidentiality law. Whereas, if you were using a regular accountant, they could be subpoenaed to testify against you. There is no accountant client confidentiality agreement. As a matter of fact even if they did not want to give the information, they would be compelled to do so by law.
Secondly, a tax attorney knows all of the laws. Even though there are a lot of good accountants (non of them work for H and R Block), they have not been school properly in the area of tax law.
If a tax attorney files your taxes, you can be confident that they were done correctly.
If you are wondering whether or not you need to hire a tax attorney, let me give you a few tips to help you decide. First of all some people like to hire a tax attorney to handle the filing of all of their taxes right from the beginning instead of using an accountant. There are many benefits to using a tax attorney. A tax attorney, because he/she is an attorney owes you, his/her client the benefit of confidentiality. That means that if you have a tax or legal issue, your tax attorney cannot be compelled to give statements, testimony or other evidence because of the attorney client confidentiality law. Whereas, if you were using a regular accountant, they could be subpoenaed to testify against you. There is no accountant client confidentiality agreement. As a matter of fact even if they did not want to give the information, they would be compelled to do so by law.
Secondly, a tax attorney knows all of the laws. Even though there are a lot of good accountants (non of them work for H and R Block), they have not been school properly in the area of tax law.
If a tax attorney files your taxes, you can be confident that they were done correctly.
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