Two Little Known Ways To Save Money On Amazon

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Amazon.com is the world’s largest online retailer, and for good reason. They offer just about any product you can imagine, they’re usually among the lowest prices you’ll find, and they’re super convenient to buy from. Sometimes even a bit too convenient (I’m looking at you: “one-click ordering”). While shopping on Amazon in the first place is usually a great way to save money. There are ways you can save even more money when shopping on Amazon. The Amazon Outlet Store Outlet malls have long been a destination for shoppers seeking deals above and beyond anything found in your typical brick and mortar shopping malls. Well, most people don’t even realize that Amazon has its very own outlet store! The reason most people don’t know the outlet store exists is because Amazon doesn’t exactly put it out there front and center for everyone to see. Instead the Amazon outlet store is … Continue reading

Tricks To Motivate Yourself Financially

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Personal finance is all about creating goals. Whether you have goals to pay off your debt or to save for retirement, it is important to stay motivated to reach those goals. The main reason why most people don’t reach their financial goals is because they lack the motivation. Motivation is the key piece to the puzzle. The question is, how do you stay motivated to reach your goals? Here are some tricks that will keep you on the right path. Create Specific Goals The biggest factor in not reaching a goal is because the goal was too general. Why do you think so many people fail on their new year’s resolutions? They create goals such as lose weight, learn how to save money, make more money, or pay down debt. While these are all good goals, they are entirely too general. How do you attain them? Financial goals are no different … Continue reading

myRA: What You Need To Know About The Newest Retirement Plan

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If you tuned in to President Obama’s ‘State of the Union’ Address last week you heard him mention a new type of retirement account called the ‘myRA’.  While the President didn’t go into many specifics as to what exactly the myRA would be in his speech, The White House has since released more details. The prospect of having a new retirement account at our disposal piqued my interest. So I went digging to see what it was all about, and more importantly, if it’s a good idea to open a myRA. Here’s what you need to know. What is the myRA? We all know that most people have shockingly little stocked away for their retirement, and according to The White House, about half of American workers don’t have access to a 401(k) or similar employer sponsored retirement plan. The myRA aims to be a “starter” retirement account for people who have little … Continue reading

What Makes A Good 401k Plan

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For most people the 401(k) plan is their main, and sometimes only source of retirement savings. We know that if we can’t max out our contributions we should at least be contributing enough to receive the full match from our employer, but we really don’t know what constitutes a “good” 401(k) plan. Every year the major financial news sites publish the same articles about this years “best” 401(k) plans, and every year I take major issue with the results in those articles. Too often the studies that these articles reference weigh criteria such as the average account balance per participant too heavily. The same goes for judging the generosity of an employer by looking at the average amount they contributed to each employee in the plan. Of course you’re going to tell me Goldman Sachs has a better 401(k) plan than Wal-Mart if that’s how you’re judging it! Metrics like … Continue reading

What Is Your Money Personality Type?

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Our personality and our attitudes towards different aspects of our life are what define us. They drive our behavior, shape our world view, and impact our decision-making. Your attitudes towards love, religion, politics, sex, and of course money make up a lot of who you are as a person. When it comes to money, I’ve noticed most people fall into one of four main “personality” categories: The Free Spender, The Penny Pincher, The Money Maximizer, and The Ignorant. Which one are you? Let’s look at some of their traits to find out: The Ignorant “See no evil, hear no evil, speak no evil.” If you’re reading this website there’s a very high chance you’re not among the ignorant. Still, I’m sure you know quite a few people in your life who are. The Ignorant are those who “just don’t have time” to learn about or manage their money. Ask them … Continue reading

Thoughts on the US Stock Market for 2014

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The following is a guest post from Troy who blogs over at GhostforBeginners.com. Troy has previously brought us posts about how economic data triggers the markets and taking profits in a bull market. Today he shares his views on where he thinks the markets may be headed in 2014.  These views are his, and his alone. Please conduct your own research or talk to your financial advisor before making any investment decisions.  The State Of The U.S. Stock Market As a disclaimer, I am cautiously long the U.S. stock market. These are dangerous times, so don’t let the euphoria fool you. As you’ve probably heard, the U.S. stock market (based on the Dow Jones 30 and S&P 500) is soaring through the stratosphere. Based upon federal and privately compiled statistics, the public is pouring records amount of money into the U.S. stock market, which basically screams the word “BUBBLE”. But just … Continue reading