Money Management
CFL Energy Saving Light Bulbs
Previously to save electric costs, I use a programmable Insteon Dimmer Switch, which allowed me to turn a light on at a specific dim level. Hit it a second time, and it goes to full brightness. I put this in the bathroom, which used 10 60-Watt Globe Bulbs. Since the bathroom light [...]
Snowball Strategy to Pay Off Debt
There is actually a method to efficiently get rid of debt and becoming debt free. This is sometimes referred to as debt snowballing. Some people go as far as to even charge for this information, thus taking advantage of debt burdened people. However, here is the simple plan absolutely free!
Some people, like Dave Ramsey, suggest [...]
DJIA (Dow Jones) Adjusted for Inflation
I’m surprised at how much faith people put into the stock market. This is not the best vehicle for investments. Financial advisors (if they can even be called that) will tell you to invest in the stock market over the long term because it has averaged 10%-12% per year. That is a load of bull! [...]
LLC Estate Planning Features
LLC (limited liability company) can provide a vehicle for passing wealth to younger family members without having to re-title the real estate. Once real estate is transferred into an LLC, the members’ interest is converted to personal proerty, which is represented by their LLC “shares.” These shares can be transferred incrementally to children [...]
4 Ways to Control Impulse Spending
If you have trouble controlling your spending, here are some tips to curb your spending and take control of your finances:
1. Carry a list of “things to buy.” This needs to be written down (not a mental list). If you see something you think you might want, don’t buy it right then, [...]
Money Merge Account Scam and Utah Fraud
Yes, Utah is the hotbed for scams and fraudulent activity. One of the recent ones I have heard about is the Money Merge Account created by United First Financial (located in Bluffdale, Utah). They charge you $3,500 to basically tell you to use your discretionay money to pre-pay the principle on your home [...]
Paying Off Your Mortgage Early
Some financial “experts” say that you should have the biggest mortgage you can get, and for the longest time period you can get, and never pay any additional principle. The reason, because of the low interest rate in comparison to the yield that you could get by investing in the stock market. Are they [...]
One Month Challenge
We live in a society driven by debts and money that we don’t have. In fact, most people spend money they don’t have on things they don’t need to impress people they don’t like.
The easiest way to get out of debt is to pay ONLY CASH! Paying with cash has a emotional [...]
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