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By David
Money Quote Friday – Drive-in Banks Edition.
Now if that isn’t a truthful statement, I am not sure what is. Have a fantastic weekend!
Archive for August, 2009
By David
Saving Money On Traditionally “Offline” Products Now Popular Online.
Online shopping can be done for almost any market today and at a much cheaper price, due to the drastic decrease in overhead costs online retailers can generate. This commercial medium has paved the way for many new and innovative business opportunities, creating a healthy level of competition between businesses, and reaching a wider and more global audience. However, many traditional “brick-and-mortar” segments still only have a modest presence on the web, due to certain constraints and regulations they face. However, here are three traditionally offline markets that have made the transition to online success.
By David
Does Your Salary Match Your True Hourly Wage?
Sure, your salary agreement may say $50,000 per year…but how many hours are you working to attain that $50,000? If you are working a straight 40 hour week and taking 2 weeks off per year, you are making a very decent hourly wage of $25. If you are working a 60 hour week and taking 2 weeks off per year, your hourly rate drops down to $16.67 per hour. Putting in 75 hours a week like my brother does at his accounting job? Congratulations – you are now making $13.33 per hour. That $50,000 salary doesn’t sound so great anymore, does it? After all, while those paychecks might be of a decent size, you are trading a LOT of hours for that $50,000, meaning you are making about what the average first year employee in this country makes per hour. Are you a first-year employee? Then you are doing just fine. A veteran? Maybe not…
By David
Book Review & Giveaway- Frugillionare:500 Fabulous Ways To Live Richly And Save A Fortune.
This giveaway has ended. It’s time for another book review and giveaway, and I think some of you guys are really going to be interested in this one! Frugillionaire: 500 Fabulous Ways To Live Richly & Save A Fortune by Francine Jay is a book about just that – being frugal, learning how and where to save money, and how to live a more rich life without spending a lot of money. Celebrating frugality as a lifestyle choice and not something to feel deprived by, the book has inspired me to look for even more ways to be frugal with my money. I thought I was being frugal, but there are so many more ways I could be doing more! As defined by Ms. Jay, “Unlike millionaires and billionaires, frugillionaires aren’t defined by the number of zeroes in their net worth, or the haute couture in their closets. They don’t have personal assistants or private planes. They don’t summer in the Hamptons, winter in the islands, or fly to Paris for the weekend. Quite the contrary: frugillionaires master the art of frugality – living richly while saving a fortune.” Well said, and exactly the way I try to live my life and preach here almost daily. I am no more concerned with being wealthy than I am with who is on the cover of tabloid magazines this week – I am interested in neither. I just want a comfortable life that means something more to me than what is in my driveway! So while I have been working on being frugal with the money I do have, this book definitely opened my eyes to even more possibilities. From saving money on entertainment, travel, children, holidays and food, it is quite a valuable resource for those looking to be more frugal with their money. 500 more ways! I totally recommend to anyone to pick up this book if you can – it’s worth every penny. But luckily for one of you, I have a copy to giveaway to a lucky reader…for free!
By David
Who Is Responsible For Paying The Debts Of A Deceased Relative.
After a relative dies, the last thing grieving family members may expect are calls from debt collectors asking them to pay their loved one’s outstanding debts. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, a surviving relative usually has no legal obligation to pay the debts of a family member who has died. In fact, the rights of surviving relatives are covered by the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.
