Tag Archives: economy

What Motivates Good Savers?


When it comes right down to it, the whole thing is about what motivates you. When it comes to thinking long-term (which is really what developing a steady and regular savings plan is all about), you could start by thinking about the carnage of the last few years. You could think about the jobs situation or how slowly the economy is recovering. I’m not being negative, but it is important to point out that so many experts are suggesting the future will be nothing like the last thirty years.

What can you do?

Just by reading this blog or focusing on people who are interested in saving regularly will be helpful to you.

Brainstorm with your family. Lay out all the reasons that you want to adjust your spending and regular savings. You might be amazed at how good your own family can be at coming up with savings ideas.

If you’ve been reading our blog for any amount of time, you know we believe in negotiation. But we also believe in soaking up spending reductions and making them a part of regular savings.

In other words: Save 12% on your grocery shopping this week using coupons or purchasing “buys”? Take the 12% and push it into a very real savings account as if you had spent it. That’s savings.

Talk to your cable company and reduce your monthly “nut?” Take the amount you saved and add it to what I call “The 1st Bill.” That is a bill you “make-up” and put in the payment column of your family budget each month. The “1st Bill” can be used this way:

Save money by reducing your spending on a bill? Add that amount saved to the “1st Bill.”

Save money by refinancing your mortgage? Take the amount you reduced in your mortgage and add it to the “1st Bill.” This “bill” will increase as you find additional ways to save (or when you get a raise). This increases your regular monthly savings.

But don’t stop there. Brainstorm with your family. Keep a keen eye on ways to save. You will be shocked how quickly you can develop serious savings.

It’s worth it. And you can do it.

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 Unexpected Always Happens


The unexpected always happens. It is wrong to think it won’t.

Jobs go away. Industries shrink. Debt gets out of control and your family can quickly face a harder future than anyone thought just a few short years before.

Millions of American families are often not ready for hard times, but hard times do come.

Many Americans have been on a gifted path for a long time. Seemingly gone were the days of the talked about “Great Depression.” It seemed that house prices would always go up and there would always be a market pushing values higher and higher. Jobs and innovation seemed to spring from the U.S. and it seemed the good times would never end…until 2007.

Financial messes. Foreclosures. Job loss. It has been a mess for the rich, but the not rich are much worse off. No one will bail us out. We must do what the best Americans have always done: Pull ourselves up by our bootstraps and get rollin’. The only way to do that is to develop your on regular and steady plan for saving and investing out of each and every paycheck your family receives.

There is real worry about jobs, economy, world commerce and the so called “free trade” that ties the world’s countries closer and closer to each other. I remember the days of old when they talked about America leading the world. That has now been replaced by language about protecting the levels we see today.

National debt is out-of-control and many households are flush with debt of all kinds. This debt is the #1 killer of wealth-building in the middle class. When you hear people talking about the middle class going away, that means all these families with debt will fall faster and harder in the near future than you might think.

We must attempt to encourage families in the United States to develop a low debt or even free-of-debt philosophy.

How do you start on a path to no debt?

If you have a job today, you should understand that saving regularly out of your paycheck before it settles into a checking account is essential. Saving money regularly is not optional.

Saving money out of each paycheck when you get paid is not optional (notice this is repeated). People who think that is true will easily fit into a new class of American population: The recently unemployed and troubled former middle class.

If you have to begin with our 1% Savings Plan, do that. It will allow you to begin saving very small amounts and grow those amounts over the course of a reasonable period of time into appropriate amounts of regular savings. Read our previous blogs on the 1% Savings Plan or check it out at http://www.MiddleClassMoney.com.

You should have or be working toward the proper emergency savings fund for today’s world: That is 15 to 18 months of your family expenses in actual money market savings and certificates of deposit.

Once you have your emergency savings underway, you should get your family together and focus on the twins of wealth-building as a family:

1. Reduction and elimination of debt.

2. Investing in assets on a regular basis.

You should participate in your company 401k regularly if it is available to you.

You should begin investing in a Roth IRA regularly.

Your checking account is not really your money. People who focus on how much money they make or how much money is in their checking account are lost souls.

These blogs are not for fun – if you have a job and things are good, sooner or later you will have temporary lulls in good happenings. If you develop your steady plan now, the future will take care of itself. You can build savings and then wealth, but you must begin now.

Focus on what percentage of your regular income you are saving on a regular basis. If you are not saving today, you must begin.

By focusing on saving and investing regularly with your entire family, you will make sure your goals are clear and everyone works together to achieve important financial goals for your family, but you will also let your children know that regular saving and investing is both important to you as the parent and essential as a “normal” part of life. This will protect your children long after you are sitting at the kitchen table together.

You’ve heard time is money. Money is options for your family. Get to work. Start right now. The family you save will be your own.

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. They have had “emergencies” all their lives. These emergencies always get in the way of saving money regularly. 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 learned nothing until I had made many of the mistakes they made. 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. I have had to learn the hard way how companies mislead with marketing. 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”)!

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

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

5 Ways To Begin Building Your Family Savings + Investments


A lot of people I know want to know “the secret” to saving a substantial amount of money or the “secret” to investing.

So many people in the financial industry seem focused on the slivers of money they want to take from you and not the money they are supposed to make for you.

The big brand companies you know around the world (and perhaps the company you work for today) work hard to identify slivers of savings on purchases they have to make to conduct business.

How should all of this come together in YOUR personal life to help you save more money and invest in the future of your family? That’s a great question. While most people think saving money is impossible unless you can save big amounts, we NEVER focus on big amounts in this blog or any of our personal finance info. We focus on slicing percentages off of your “operating income.” We try to encourage families to start a savings program by looking at their money the same way companies look at money.

1. Reduce your expenses by 12 – 15% on each bill and each expense (yes, they can be different) and put the “savings” in actual savings. You can do this by looking at you expenses over the last three (3) months. Call each company you do business with and tell them you need help. Ask them to reduce your bill by 12 – 15%. Yes, we are serious. Yes, you may have to ask for a supervisor. Yes, you will have to be open minded to their suggestions, but remember: You are looking to build a steady month after month “payment” to savings from your income. This payment should come before you pay the first bill and it should be ROCK STEADY.

2. Think long-term in everything you do. Think lifestyle change. Think: I am going to build an emergency savings fund with 15 to 18 months of expenses in money market savings and certificates of deposit. It’s not 1977 anymore. Do you know how long it will take you to replace your income if you lose your job? Do you know the toll it will take on your finances if you have a serious illness? Build your own plan to save regularly – as a part of your lifestyle – and YOU WILL build this savings fund faster than you thought possible.

3. Once you’ve built your proper emergency savings fund, start a steady investment program. To do this, do your research. Start with your company 401k. Not in it? Go investigate the plan? They don’t offer one? Investigate a Roth IRA or a Traditional IRA. Get involved in saving money for retirement. You will need it later. Slow and steady wins the race here, too.

4. Get your family together and talk about ways you can generate money strictly for investing only OUTSIDE of the money you bring in from your day job. This shows your children how important steady saving and investing is in your life (and their lives). If you do this, your children will be way ahead of where you are right now.

5. When I think about people who help you invest, I think the most important thing for you to think about is: What do I need? Who do I trust? For most things, you can do it yourself….if you are willing to do the research, diversify and keep saving and investing each and every month.

Here’s the bottom line: Build a plan to save regularly and invest regularly and you will get ahead.

I know you can do it.

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. They have had “emergencies” all their lives. These emergencies always get in the way of saving money regularly. 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 learned nothing until I had made many of the mistakes they made. 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. I have had to learn the hard way how companies mislead with marketing. 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”)!

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

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

The Plan For Surviving The Great Recession

We are all hopeful that a depression has been avoided. Of course, the serious economists are still watchful of the possibility that the government cannot hold on and keep us away from still slipping into a modern version of the 1930’s style depression. If you are someone who likes to plan for the future, you shouldn’t be sounding the all clear to your friends and family either.

We continue to watch company earnings, unemployment, home sales and a variety of other factors in determining if we can truly “turn the corner.”

The truth has not changed. You must have a plan for surviving the “Great Recession.” This plan should include a reality view of the world YOU live in today.

You should have or work to build an emergency savings fund that includes 15 to 18 months of expenses in money market savings or certificates of deposit (or best in both). Now is NOT the time to pull back from a 401k unless you are carrying extra credit card debt and cannot afford to pay that debt off and push ahead in your 401k.

You must work to eliminate credit card debt and see these guys for who they are: The devil. That’s right – I said it. They are the devil. Your enemy. You should always treat them as such. Too many millions of Americans are still chasing their credit score when CASH IS KING.

Once you have secured your debt (eliminated or highly reduced it) and you have the proper emergency savings fund, work to steadily invest in mutual funds and diversify. We like no-load mutual funds. Look for low fees.

See your home for what it is: your home. Many millions of Americans refuse to see their home for what it is in terms of your wealth or poverty – your BIGGEST LIABILITY. Work to pay even small amounts extra in principle if you can because it will save you more than you realize in the life of the loan. In fact, if you steady-up on paying principle in addition to your monthly house “note,” you could knock YEARS and many, many thousands off of your debt. Homes are to live in. They are not speculative investment.

Invest in yourself. This means personal education. You can do it at the local community college or on-line. You can do some formal learning or training or teach yourself about saving and investing and work to generate passive income streams in addition to your “day jobs” to fund savings and investing.

People often only think to save when trouble comes. Steady and automatic savings will add up faster than you think.

You can do this. Develop wealth as a hobby. Be serious about it. Look to purchase things that begin to generate money on their own. This can be savings or mutual funds. It can – eventually be more.

Sign up for our FREE E-SAVER now at our main blog (www.stickyasset.com/blog). Good luck!

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

If You’ve Not Seen The Recovery Package, Here You Go

If you’ve not seen how the U.S. Government is selling the bailout now, check it out at http://www.recovery.gov.

Once you’ve read this “package,” you should be seriously motivated to save your booty off in the coming days, weeks, months and years.

For those of you who have already read the ebook “The Sticky Asset: How To Survive Any Financial Crisis,” we thought we would update you on the jar in our kitchen. Yes, the story really is true. This year we are already at $28.15. That money will go directly into a CD at the end of the year with the remaining amount we find on the ground between now and then.

As you know, we constantly preach that you can create ways to save money. However, once you do that – you must take the “savings” out of your checking account and put it in a high-interest savings vehicle. It is not saving if you don’t do this. Your checking account is a MONEY LAUNDERING ACCOUNT for OTHER PEOPLE’S MONEY.

If you have not checked out our main blog, you can do so at http://www.stickyasset.com/blog. If you are looking only to purchase the e-book, go to http://www.stickyasset.com.

Good luck on getting your bailout. Prepare now so that if things get worse, you will NOT be as bad off as many you will know.

You can save your family in this financial crisis and for the long-term. Just act now. Get started by developing a specific plan to save and secure wealth for your future one step at a time.

And good luck!

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