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Improving Your Credit Score (3 Steps To Build Wealth)


If you spend time on the internet looking at websites focused on helping you save or invest money, you will find tons of people who want money from you every month and more people who will focus on credit score.

We are different because we focus on helping you build your own plan to save and invest regularly. Our goal is to give you alternative ideas to save and invest regularly and take more control over your personal finance life because you are unafraid to educate yourself.

We are also different because we don’t focus on credit score. In fact, we believe the world is on its’ ear. We don’t want you to do anything to destroy your credit, but we encourage you to redial your family to the TRUTH:

Credit is not king.

Cash is king.

Wealth-building does not start with credit.

Don’t be fooled by the “system” telling you to focus on credit score. Focus on eliminating debt and saving money. Then, focus on STAYING AWAY from credit.

Wealth-building is not often instant. Real value is generally built over time. Time + debt = poverty. It does not equal wealth. That is how you should focus on your own family wealth-building. If you become wealthy faster, good for you. However, your strategy should be focused over long-term gain. And it should begin with a focus on what is important now.

1. Make sure you have or set as a goal building a proper emergency savings fund for 2010. What does that look like? It is 15 to 18 months of expenses in savings (money market and certificates of deposit). Why? Because if you lose your job, you may not EVER replace your income and it may be months before you get a job decent enough to provide lifestyle for your family (pay the bills). Check past blog entries to see our plan on reducing your monthly pay out to increase monthly savings. Check out past blogs for our 1% Savings Plan to boost your savings without killing your lifestyle.

2. Circle the wagons on credit. Look at what you owe. Start with credit cards. Use our plan for reducing and then eliminating credit card debt. Start with the cards with the highest interest rates. Pay more than the minimum on those cards (starting with the one card with the highest interest rates and continuing until you have paid all of them COMPLETELY OFF). Pay the minimum on all your other cards and focus on pounding the highest interest rate FIRST.

3. Make sure you are enrolled in your company 401k. In addition, we think you should have a Roth IRA or Traditional IRA that gets a monthly contribution. All of this is “long-term money.” It is meant to perform over 30 or 40 years. Think long-term with these contributions and don’t worry about short-term ups and downs.

Educate yourself and your family on growing savings and reducing debt. Credit card debt is the #1 impairment middle class families have to building wealth.

You must begin to see things they way they really are: Your checking account is a MONEY LAUNDERING ACCOUNT for OTHER PEOPLE’S MONEY. Use any excuse to get your money out of these accounts. Push yourself and your family to save more regularly.

What does it take to build savings and wealth over time? Commitment, courage and consistency. It also takes self-education. Don’t let people tell you that you cannot do this. YOU CAN!

HELPING YOUR KIDS GET AHEAD

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

Join our free Facebook group “Coupons & Coupon Codes.”

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3 Ways To Save Immediately (Starting Now)


It’s us against them this year if you are saving money.

Here are a few ways to save money by getting help directly from companies you do business with right now:

CABLE TELEVISION. Call your cable company and asked them to explain every charge on your monthly bill. Also tell them you cannot afford cable anymore. Tell them you don’t really want to cut it, but you may have no choice. Negotiate with them to reduce your cable bill. Target 10 – 15% savings. When they reduce your cable bill, take the money you “save” and push it to savings beginning right away.

CREDIT CARDS. Call your credit card companies and tell them you are having trouble and don’t want to file bankruptsy. If they charge you a yearly membership fee or any automatic fee, tell them you will switch unless they eliminate this fee. They will generally do this and you must take the money they “give” you and push it to actual savings.

CHECK ALL FEES. Check every bill you have and call everybody to ask them to explain the details of your bill. If there are fees, get rid of them. Always claim poverty. Be willing to ask for a supervisor and don’t back up. Call back multiple times over several weeks. Any money you save can and should go directly to actual savings.

This is your year. Let’s not let “the man” get your fees or any unusual or unexplainable dollars. Money is hard to earn and harder to save. Make it easy and get ahead.

Negotiate with everyone. You should have a new attitude and make it pay for your family.

HELPING YOUR KIDS GET AHEAD

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

Make Yourself WEALTHY (Let’s Get Started in 2010)


They are all around you: people who seem like normal everyday people – only they have saved an invested over the last twenty-five to thirty years and are either close to or are already millionaires.

How did ordinary people get there?

Steady saving and automatic investing with every paycheck.

Goal setting for their financial future.

You can do it, too.

1. Sit down and look at your current debt and the bills you have every month.

2. Check your emergency savings fund (do you have 15 to 18 months of expenses in savings?)! If you don’t have enough savings, work to save money and split those amounts between savings and debt reduction until you are rich.

3. Review credit card debt first; If you cannot put all of your credit card debt or those with the highest interest rates onto a lower interest rate card, then pay the minimums on all cards except the one that has the highest interest rate. Single out the highest interest rate card to pay as large of a monthly payment BEYOND the minimum that you can until you pay it off. Then, move to the next highest interest rate card and do the same. Repeat this until you are credit card debt free. Then remember what horrible enemies these companies are to your own family future.

4. If you have difficulty identifying ways to save, use our 1% Savings Plan (see previous blog entries for fast tips).

5. If your company offers a 401k, get in it. If you don’t believe in a 401k and your company offers one, GET IN IT. If you have trouble with this one, repeat it until you understand how it can make your long-term retirement a reality.

6. Establish a regular and automatic way to save with each paycheck. If you can, you can also establish a regular and automatic way to invest with each paycheck. Focus on the percentage of your after tax income you will be saving and investing – not how much.

The real secret is: saving + investing regularly + steady debt reduction and elimination + time = wealth. Yes, you can. You just have to develop your own plan. Almost no one becomes wealthy overnight, but you can do it. Begin TODAY and stay with it. You will see results.

You can do this! It’s 2010!

HELPING YOUR KIDS GET AHEAD

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

Shortcuts To Happiness & Getting Ahead In This Economy

short cut
Everyone is looking for tips or shortcuts to get ahead. People have been doing it forever, but the financial crisis and dimly lit economy bring it all home to you that you need to really focus over the coming months and years on saving more, investing wisely and gaining any advantage you can in terms of supporting your family, growing your savings and wealth and dealing with retirement down the road.

How can you reinvent yourself, your personal finances and grow stability, savings and eventually wealth for your family in the coming months and years?

START SIMPLE

Review your debt and focus on reducing and then eliminating all credit card debt. Separate credit cards by interest and pay extra on the highest interest rate cards first until you have any credit card debt under control. Treat it like a war. Fight to win and don’t give up.

Debt is the #1 impairment to the production of wealth in the middle class.

Check out our “1% Savings Plan” to boost your personal savings (see previous blog entries).

Aggressively pursue the companies you do business with today (cable, telephone, regular bills) and seek their help reducing the amount you pay out to them each month. Be open to their ideas as well as any you have to reduce the bill you pay each of them 10 – 15%. If they provide any savings, you MUST take this savings and put it in a money market savings account (FDIC-insured).

If you don’t put savings in actual savings regularly and force yourself to push money from checking to savings, you are NOT saving money. You are allowing money to control your life.

CHECKING ACCOUNTS are money laundering accounts for other people’s money. Use any excuse to push money from checking to savings. The more you do this, the better off your family will be as the days, months and years roll by.

WHERE YOU LIVE

If you are living in a big pillbox house in the suburbs, consider your space and your real needs. Would you consider downsizing and using the extra savings to pay off your mortgage on a new and smaller place?

THE NEW MATH

Think about this: Smaller place = smaller payments = less debt = more to pay off mortgage, credit card and other debt and more for savings and investments.

THE STUFF YOU LOV(ED)
We all have things in our homes that we don’t use anymore. Sell it. Put that money in savings. With Craig’s List and ebay, you can sell anything. And why not? It is a great way to juice your savings without changing your lifestyle.

HAGGLE ON DOWN

We also believe you can make great progress if you negotiate for EVERYTHING. Remember – we are consumers and we drive 60 – 70% of the U.S. economy. We don’t have to purchase from one retailer or on-line vendor. We can use the power of choice and negotiation.

Today is your opportunity to start. Today you can begin a new beginning. Today you can start developing your own plan for saving money that can lead to real stability and savings that will help you eventually build actual wealth.

Are you ready?

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

Teach Your Children Well

teaching
What can you do with your kids to make sure they think about how to form their own attitudes about money, saving, investing and growing wealth?

Many have said the different between the rich and the middle class is that the rich teach their children the use of money, saving and investment.

Try this:

Give your kids an allowance, but make sure you also make them responsible for purchasing something important for your household within their allowance each week or month. Talk with them about how they spend their allowance and make regular savings a part of each “paycheck.”

Talk with your children about where they save money, how much they save (percentage) and what the purpose of the savings is as well. A lot of parents will want to say, “Hey, it’s not fair giving them an allowance and making them spend some of it on the households.” But it is fair. More than this, it is critical that you help them understand that they will have to purchase things with money in the long-term. You should also make them aware of your expectation of them: That they will save 20% of each paycheck to build their own emergency savings. That you expect them to save each “paycheck” (allowance). This builds their own expectation for themselves.

If we don’t teach our children to save, they won’t save. They won’t prepare for the bumps in life, and they will be catching up like us.

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

Empowering Your Family With Saving Money

bills
If you think you can’t do something, you’ve already lost.

A lot of people get overwhelmed when it comes to thinking about saving money for retirement. You might find it funny, but we don’t generally talk about retirement savings on this blog.

We talk about regular and automatic savings. We talk about tricks to make yourself save more money than you thought possible. We talk about empowering your family to engage in healthy habits to save and invest regularly to insure you actually have a future.

No one likes to hear warnings and people don’t always think “you can save more money” are words meant for them.

Did we mention that saving money is boring? Most people like to hear stories about “getting rich quick.” However, most significant wealth comes thru a slow building process. It may not be sexy, but it works.

Our blog is not a positive thinking blog either, but it is an action blog. We say that you have to begin now and you have to look for opportunities to save. You have to push money from checking to savings vehicles. You must negotiate on everything and put the money you saved thru negotiation in actual savings (or you’ve saved nothing).

Look hard at your expenses. Figure out what you can reduce or eliminate. Ask the people you owe money and those businesses you purchase from on a regular basis to help you reduce the payout by 10 – 15% or more (and put that savings in….you guessed it….savings).

More? Keep reading this blog or our main blog (www.stickyasset.com/blog). We’re into saving you money. We are into your family avoiding interest and fees. We are into your family building wealth.

If you think you CAN do something, you’ve already WON. You’re a winner. That means you can build your own plan for saving and investing regularly. You can do it! Start today!

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

Using Percentage Strategies To Save More Money

percentage
Can using percentages help you save money? Can it help you build wealth? Yes.

It’s time to start thinking like a strong business person when it comes to your personal finances. You can utilize tactics used by business people to limit and reduce expenses while building value if you follow some simple guidelines.

1. Credit card debt. You can’t own credit cards. CREDIT CARDS OWN YOU. Make sure you know the interest being charged for each debt (and especially credit card counts) you owe. If you can, shift debt to the lowest interest rate credit card or out of credit cards altogether. Work with your remaining credit card companies to try to get your interest rate lowered or reduced to zero for a period of time. You’ve hear the phrase “Never give up.” Call back again and again until you chip away at them. Plead for their help. Your goal is to eventually eliminate credit debt. Split those remaining debts by the percentage interest you are being charged and pay minimum amounts on all but the highest interest rate. Make certain you are not charged an annual fee. If you are being charged an annual fee, push to have them drop the annual fee. Be persistent. Ask for supervisors. Wear them down. If you have credit card debt, this could be the #1 issue standing between you and the production or true wealth.

2. All existing bills. Get each bill that comes to your house. Take a look at each one. Call each company. Tell them you have been hit by the recession and you need to reduce your bills by 12 – 15%. Ask them how they can reduce their bill by 15%. Expect some resistance. Tell them you are willing to compromise. However, you must be “open” to suggestion. Some will suggest bundling services or reducing services. Your goal is to crush your spending on hard bills down 12 – 15%. Take that 12 – 15% and establish regular savings. Remember: If you don’t put what you save in savings vehicles (primarily an FDIC insured bank of some kind or credit union), you have not saved.

3. Negotiation. If you don’t use negotiation in your regular daily life, you are allowing your money to foolishly leave you. Some people are embarrassed to haggle over money – don’t be. Smart people always ask for a discount. Wise savers always push for extra savings, and you can get it. Once you get a percentage off, stick that money in savings. Don’t just smile and move on.

4. Your life should not be only about saving money, but a percentage of your life should be about continuous, automatic and regular savings and additional savings boosters to help you build wealth.

Should you use coupons? You should use them if they are truly a deal. Check the unit price. If you use a coupon to purchase something not on your regular shopping list, you have participated only in MARKETING.

If you save money using a coupon, pretend you paid full price and stick the savings in – you guessed it – SAVINGS! That is a path to wealth.

You can help your family get ahead in this economy (or any economy). It’s all about the percentages. Focus on pushing small percentages to savings all the time. It can be like a game – and you’ll be the winner!

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