Category Archives: Government Bailout

Get Started (Now) Saving Money (And Your Family)


What are you waiting for?

You can’t save money regularly?

People are proving everyday that you can save if you commit to the idea and focus on goal setting and building over the long-term (not immediate gratification).

It’s not easy unless you make it your focus to get-it-done.

What if you started with our “1% Savings Plan.” It works like this:

Next paycheck – multiply the after tax amount by .01. Take the result and SAVE it in ACTUAL savings.

Paycheck after that? Multiply the after tax amount of your pay by .02. Put it in actual savings.

Each time you get paid after that, add another 1 percent until you finally reach .20. Put it in actual savings.

That’s the #1 way to boost regular savings. And it works.

Then, you are cooking. This will give you a steady way to start a real savings program and grow it to 20% savings on a regular basis without “killing your lifestyle.”

Brainstorm with your family members. Focus on goal-setting.

Focus on what you can do and see how quickly your own family members will shock you with ideas that can really add up.

It’s only simple if you start saving and you commit to regular and steady savings.

You can do this.

HELPING YOUR KIDS GET AHEAD

If you think I was born saving money, you are wrong. My own family didn’t believe in saving. They don’t believe in having a 401k. Our people have had “emergencies” all our lives. These emergencies always get in the way of saving money regularly, and our family is not different than millions of other good American families. I was not brought up to save and invest regularly and I have made every mistake you can think about when it comes to money. My parents thought they were shielding me from the realities of bills and worry. In fact, they were isolating me. I have had to learn from my own mistakes over time. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle or allowing “it” to overwhelm you. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like http://www.boostmywealth.wordpress.com and http://www.stickyasset.com/blog and groups on Facebook like “Coupons & Coupon Codes”) associated with our mission!

It is our goal to encourage everyone to teach our children about money, managing money, and saving regularly (and automatically. Children should receive lessons about compound interest and steady investing for a long-term future before they face the hard choices of adult life while being subjected to the consequences of the high-speed marketing culture we live in. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor by simply sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group. You can get our free e-saver newsletter by signing up at http://www.StickyAsset.com/blog.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Good luck to you and your children.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
All on Facebook – join. It’s free.

Why You Should Be Worried For Your Family & What To Do About It


The Chinese are on the rise. Are you aware that Brazil and India are on the rise as well? The U.S. now faces a significant shift in “luck” or “wind” or whatever you want to call it over the next 20 – 30 years. Many Americans will be surprised by this or even shocked by how this can impact their lives.

U.S. debt is at an all time high and accelerating.

The U.S. economy is shifting and jobs are changing. Many people lose their jobs and cannot find a replacement job. More find a replacement job at 30% of the income of their previous job.

Who is going to save you? Who will save your family? When the country (and the world) goes through such a financial crisis as we have seen recently, you have to ask these questions.

The answer is YOU, of course. The government won’t take care of you (they are busy helping out the fat cats and saying they are working hard for us). You must develop your own plan and help your own family.

The founding fathers in the U.S. promised we could pursuit of happiness. They didn’t promise happiness. To that end, this blog focuses on developing your own financial plan and not relying on anyone else other than yourself to help your family.

Our belief is centered in the following:

1. You can develop steady and regular savings if you focus your attention on getting it done no matter what. You can start with our 1% savings plan (see past blogs or http://www.MiddleClassMoney.com to find all details).

2. Even on a limited budget with limited income, you can begin to develop REGULAR AND STEADY savings with each paycheck and within each month. Time will pass no matter if you save or not. It’s better to build savings.

3. You should set goals. Those goals should involve reducing and eliminating debt by paying “extra” above minimums regularly and building an emergency savings fund of 15 to 18 months of expenses in money market savings and certificates of deposit that are FDIC insured.

4. Focus on people who are “winning.” That means align yourself and your goals with people who are building wealth by doing what they are doing. 80% of millionaires are SELF-MADE. Do you want to be like them? Well, you have to be like them. Find out how they did it and start your own path.

We believe in using coupons as savings (not as marketing). This means we believe in using coupons or coupon codes only for things we ordinarily purchase or need and taking the amount saved and flipping it to savings AS IF WE SPENT IT AND DIDN’T HAVE THE COUPON OR COUPON CODE. This helps you build savings – faster.

We believe in negotiating on almost anything you can imagine. We know some people are embarrassed to ask. We call these “poor people.” Rich people are not embarrassed to ask for a better deal – and they are getting it. Shouldn’t you get a better deal for your family?
Always take the amount you saved and flip it to savings AS IF YOU SPENT THE TOTAL AMOUNT BEFORE THE DISCOUNT. This helps you build savings – faster.

Focus on saving money as a family sport and you will get ahead. We tend to underestimate as humans what we can do in a year and underestimate what we can do in ten years.

You can save more money than you think. You need to develop a strategic plan and it is within your reach. Get started. Sit down at the kitchen table with your family. Brainstorm on ways you can save money. Make it a family sport. If you do, you will do more than become richer. You’ll teach your kids to provide wealth for themselves.

HELPING YOUR KIDS GET AHEAD

If you think I was born saving money, you are wrong. My own family didn’t believe in saving. They don’t believe in having a 401k. Our people have had “emergencies” all our lives. These emergencies always get in the way of saving money regularly, and our family is not different than millions of other good American families. I was not brought up to save and invest regularly and I have made every mistake you can think about when it comes to money. My parents thought they were shielding me from the realities of bills and worry. In fact, they were isolating me. I have had to learn from my own mistakes over time. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle or allowing “it” to overwhelm you. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like http://www.boostmywealth.wordpress.com and http://www.stickyasset.com/blog and groups on Facebook like “Coupons & Coupon Codes”) associated with our mission!

It is our goal to encourage everyone to teach our children about money, managing money, and saving regularly (and automatically. Children should receive lessons about compound interest and steady investing for a long-term future before they face the hard choices of adult life while being subjected to the consequences of the high-speed marketing culture we live in. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor by simply sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group. You can get our free e-saver newsletter by signing up at http://www.StickyAsset.com/blog.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Good luck to you and your children.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
All on Facebook – join. It’s free.

The 2 Big Keys To Wealth-Building For The Middle Class

money key
Credit cards are tempting. Credit card companies are….very profitable. The difference between middle class families that build wealth over time and those that fall more and more behind could come down to a simple scientific fact: Percentage and persistence.

PERCENTAGE

Families who make savings non-optional and focus on a saving a dedicated percentage of their after tax paychecks every time they receive a paycheck tend to grow savings first and then assets. Of course, growing performing assets is the critical fire for wealth production just as debt is the #1 impairment of savings and wealth growth in the middle class.

The key is percentage + automatic savings + regular focus on saving and moving money from checking to savings vehicles along with steady investment. Checking accounts are money laundering accounts for other people’s money. To build wealth, you must save regularly and you must build produce assets. But you must build the proper emergency savings fun before you even think about investing. That does not often happen with people who don’t make saving money with each paycheck a priority.

What is a good percentage to save regularly? 20%. Don’t gasp. You can do this. If you have to, begin with our 1% Savings Plan. Don’t know about that? Check out past blog entries and you’ll pick it up pretty quickly.

You can pay down debt. You can surrender a percentage of every paycheck to savings. You can mark time by building savings. Time is what you need. Build your own strategy for savings so you can USE time.

Time is the thing you cannot control. That’s why the next word is so important.

PERSISTENCE

Life is filled with good news and bad news for everyone regularly. We will spare you the lesson on how bad news highlights the good and makes you grateful for the highs, but we will absolutely point out that one of the best philosophies you can have in personal finance is to expect highs and lows.

People like to think they can’t save a lot of money because of bills or unexpected problems. The truth is that you don’t have to save it all at once. Time is the only thing you truly cannot control. Use it to your advantage. Start saving. Do it regularly.

Everyone faces bumps. Being persistent with regular and automatic savings will help you grow a proper emergency savings fund for 2009 (15 to 18 months of expenses in a money market savings account or certificates of deposit – both in FDIC-insured institutions).

Don’t let anyone tell you that you cannot grow savings. Commit. Get started today. Spend more time reading our past blogs and you may find some additional “love” for saving and easier ways to get it done for yourself.

SAVE MORE THAN MONEY

In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

What Social Networking Means To Family Saving & Investing

facebook logo

In the modern world of social networking, texting and the internet, it is easy to begin to think that the new ways of saving and building wealth must be different from the tried-and-true methods that have worked for the rich for centuries.

There are always new ways to generate income. However, if you really want to get ahead you won’t be looking for get rich quick. You can find that on the internet any day and it usually results in your being separated from more of your money.

Where I come from, the American dream is home ownership. Buy a home. In fact, I once had a boss who believed you should buy a home you absolutely couldn’t afford so you would have to force your income up, up, up to be able to stay in the home. In 2009 it looks like a lot of people have had that theory. Obviously, that is not the way to get wealthy today.

Consider this: It’s easy for someone who is rich. They have enough for the down payment on a big house. They have enough to pay cash for an automobile if they want to do so. But think about this. Rich people take money and purchase assets that – on their own – purchase more of the same asset in the future. You see this in the stock market where stocks that produce dividends end up purchasing more of the same stock at absolutely no cost to the owner of the original stock.

The middle class takes money and purchases a big house or a very nice and new automobile. Liabilities that will weigh you down and improve the chances every single day that you work for your money. You should instead consider turning the tables and getting your money to work for you.

Make sure you build a correct emergency savings fund (we recommend 15 to 18 months of expenses – the first six months should be liquid in an FDIC-insured money market savings account; the rest should be in certificates of deposit. We recommend you NOT purchase CDs longer than six months). See bankrate.com to see current interest rates and FDIC-insured banks.

Checking accounts are money laundering accounts for other people’s money. If you leave money in this kind of account, it will soon belong to someone else. Consider any excuse you can use on a regular basis to push money out of checking and into a savings vehicle.

You can (and should) consider a payroll deduction for automatic savings. Getting started now, you will see savings build faster than you think. If you don’t start, you will be in the same position – or worse – soon. Why not give yourself a lift with automatic savings.

Finally, look for passive streams of income or additional ways to increase your $ so you can invest. You can do this with Vanguard or another mutual fund company.

In the old days, people had nothing to fall back on. Times where different and grandma lived with you because that’s what people did. Society has changed. Social Security came along. Well, you’ve heard the rumors that it will be dead by the time you want to take your first check. So, the 401k came along. Of course, if your company offers one, you should be using this vehicle for retirement. However, the rapid changes in our society and in the global economy mean that you should not be relying only on Social Security and a 401k. You should also start a Roth IRA or individual IRA. Remember: steady saving and investing mean that you will strengthen your financial position going forward.

What’s worse than being young and broke? Being old and broke. Don’t let it happen to you. Set some goals. Review your expenses. Look for inventive ways to save and move money from checking to savings. Save automatically with a 401k and IRA. Make sure you build your emergency savings fund.

Do these things and you will look back at how wise you have become.

You can join our new Facebook group called “Live The Lifestyle Your Family Deserves.” Just do a search, find us and join. We would appreciate it if you would spread our little Facebook group and this blog to others you know. We believe we can help people. Thank you for your help.

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com

Get Rich Quick

vacation pic
Many Americans want get-rich-quick and end up busted flat broke. That’s because we live in a society that is dominated by advertising and marketing that is geared to flash credit as king and your lifestyle is more important than you life.

There is a reason for that story from your childhood “The Tortoise & The Hare.” The marketing tells you that you can have it all, but the truth is more simple: The only way to have it all is to build value over time. The best news is that you can do it. You can build your race the value-tested way that “The Greatest Generation” did in in the 1930s, 1940s, 1950s, 1960s and 1970s – they controlled their expenses and made it mandatory to pay more to themselves than they had to do. That means that savings was not considered optional.

Want to test this tough love theory? You have weapons “The Greatest Generation” never had – including the principles of business education. That means that you can do what companies are doing all across America. You can reduce your expenses by 10 – 15%. Call every business that sends you a bill. Let them know that you have to reduce your expenses by 10 – 15% and ask them how they can help. You may be surprised at the results. If nothing else, it will get you thinking about the money you spend and how to reduce expenses to put more in savings.

However, the single biggest thing you can do to really begin your move to true wealth-buildings is to use automatic savings in:

1. Your paycheck.
2. Your checking account.

Using automatic savings is a very strong way to pay yourself first.

Automatic savings builds faster than you think, too. Once you have the proper emergency savings fund, you should focus your efforts on assets that generate more assets.

The rules to wealth-building don’t change:

1. Struggle more than your peers to put away as much savings as possible.
2. Use time as your friend and workman to build wealth over time and have a long time horizon.
3. Purchase assets that generate income or dividends.
4. Stay away from debt of any kind – especially credit card debt.

For more tips on saving and investing, just check out our main blog @ http://www.stickyasset.com/blog.

Good luck.

Loyd Ford
http://www.stickyasset.com/blog

Take The Test

Are You Ready For "The Test?" Many Americans are being tested now. Some are being tested for the first real time in their adult lives because of the financial crisis that continues to grip everyone’s attention. However, many Americans may not yet recognize that this test could turn out better for them than they ever imagined.

Question number one: What is really important to you in your life? We often think about how we are going to increase lifestyle. Perhaps that is the wrong question. Maybe our focus all along should have been “What’s important now?”

Question number two: Do you believe in yourself? This is more than a passing question. The worldwide financial meltdown makes this question more serious than ever, but the question is much more personal than about believing in yourself at work. This question is only in this “test” so that you really think about who you are and what you want.

Question number three: Do you believe only the rich get richer, or can you have a vision of yourself building savings and wealth?

Question number four: Can you commit to a strategy to build emergency savings, life-long savings and retirement investment? If you can, all you need is a plan.

Review your spending over the last three months. Look at your personal spending like a business would look at expenses. Make a commitment to reducing your spending by 10 – 15%. Call everyone you get a bill from and let them know that you have to reduce expenses by 15%. See what options present themselves. You might be surprised.

At the same time, make sure you take the time to look at your checking account for what it is: A MONEY LAUNDERING ACCOUNT for OTHER people’s money. Use every excuse you can to remove money – even small amounts – from that account and put it in money market savings.

While you focus more time on the most important thing in your life (question number one), make an effort to increase spending….on savings. If you have to start with a small amount, take only 1% from your next after-tax paycheck. Push it to savings. Then, each paycheck or at least once a month after, add 1% to it until you reach 15% savings every month.

Commit to this strategy (question number two) of using automatic savings to drive emergency savings. You should work to build 15 to 18 months of expenses in savings (money market savings account or certificates of deposit). Remember: savings will build faster than you think. Just focus on the automatic savings paycheck to paycheck and month to month. You are building to actually generate longer range goals. While that does not happen immediately, you should focus on the going the distance. How would your life be impacted by having 15 to 18 months of expenses in emergency savings? I thought so.

You must seek out examples of people who began with nothing and built wealth. If you look, you will find example after example. The best news: There are thousands of examples of wealth building that does not involve the lottery or a windfall. In other words, saving and investing for the long-term WORKS.

Work to learn all you can about saving and investing. Start with building your emergency savings fun, but don’t stop there. Keep going.

If you answer these four questions above and are ready for the journey, you are ready to shake things up and truly build wealth for yourself. Get started today.

Good luck!

Loyd Ford
http://www.stickyasset.com/blog

Why You Must Start Now

"The clock is running." When it comes to saving and investing, time is your enemy (or your friend). Delaying is a nightmare that you will see later in your life. If you have children, one of the most important things you can ever do for them is to teach them to save a strong percentage of their income from their first part time job all the way thru their lives. If they establish that saving is not optional early, they will be wealthy on the back end of their lives (when they will need money the most).

Americans focus on education. Get into a good college. Get the degree. But most American children don’t get a good education in personal finance. As a result, they often feel saving and investing is optional. Even if they discover the importance of saving and investing, it is often after 40. Remember what we said about time and money?

We preach this all the time: save and purchase dividend producing assets early and you will be saved from a lot of crisis later. Instead of the lifestyles of the 80s and 90s, we should be focused on owning assets that produce more assets. It is as simple as that.

For most of us, we wish we have begun saving and then investing earlier. Consider that time + regular and automatic saving + automatic and regular investment = wealth creation.

Most everyone is looking for the fast way to wealth. Most of us will never play in the NBA, NFL or MLB. Most of us will never stand in front of 25,000 people singing our greatest hits. Most of us will never win the lottery. However, there are paths to gain access to personal stability and wealth growth.

If you don’t have a proper emergency savings fund, start. It will build faster than you think. We believe a proper emergency savings fund is 15 – 18 months of expenses. That breaks down like this: Six months of it should be in pure cash (money market savings). The balance should be in laddered certificates of deposit so that you are earning as much as possible but remaining as liquid as possible.

Even though people are down on their 401k investments, you should participate if you company has a program. However, the new days ahead will involve happiness for those who launch a Roth IRA with steady savings in addition to their 401k and contributions to emergency savings.

Every penny you save matters.

It will build faster than you think. GET STARTED.

Thank you for reading our blog. If you want, you can get our FREE monthly e-saver by going to http://www.stickyasset.com/blog and signing up in the e-mail block at the right-hand side of our main blog!

Loyd Ford
http://www.stickyasset.com/blog