Tag Archives: family savings

I Want To Help


I want to help people.

I wanted to help me. That has been a big goal for me in writing this blog and http://www.StickyAsset.com/blog. I believe that you can overcome issues of childhood, issues of job changes, divorces and a variety of other problems that can slow or stop you from saving and investing regularly.

In the past twenty plus years I have made very single mistake a person can make with personal finance. It is the old story of thinking you know everything when you are younger and then growing to the point where you realize you don’t know as much as you thought and helping others can be part of simply helping yourself.

This process of writing a blog (or two) makes you think about how you can learn and use tools against an increasingly corporate world set out to separate us from our money.

People save a lot of things. Stamps. Coins. Signatures. People save what is important to them. Well, the point of this blog is that your FAMILY is important. When it is your family vs. the corporations, I hope your family always wins. That’s why we believe in learning all you can about:

Negotiation

Coupons & Coupon codes (we even have a group called “Coupons & Coupon Codes” on Facebook)

Regular saving

Regular investing

Reducing and eliminating debt

We also believe CREDIT CARD COMPANIES are easily the enemy of your family. For most people, the marketing that credit cards do is problematic. We want to be a source to encourage holding credit card companies accountable, getting you and us to know how our credit cards work and using the rules and extra principal payments to REDUCE & ELIMINATE this kind of debt.

We believe checking accounts are MONEY LAUNDERING accounts for other people’s money. Leave money in that checking account and your money will GO become someone else’s and you will wonder where it went. In other words, you need to use any excuse you can to push “extra” money in your checking account out to personal savings.

Don’t take things for granted. You can save a lot more money than you are currently. You can brainstorm with your family how to save more and make it your focus in terms of building regular savings.

Regular Savings.

You can do this. Need help? Look at our past blog entries dealing with our “1% Savings Plan.” You can find it here or at http://www.StickyAsset.com/blog or at http://www.MiddleClassMoney.com.

Don’t kid yourself. You don’t have to do a lot to build savings and eliminate debt – but you do have to establish regular savings, goal setting, debt reduction and belief in your family.

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.

How Many Licks Does It Take To Get To The Center Of A Blow Pop?


It’s tough to live in what I call “the hard middle.” By the time you reach “middle age,” you are grinding it out with multiple priorities of family life, job, debt and a variety of things that only come with the words middle age.

But do you remember when you were a kid? Do you remember those ads for the Blow Pop? You know, “how many licks does it take to get to the center of a Blow Pop?”

Most American families are struggling with the power of the great recession and the pull backs by corporations and small businesses who are allowing fear to drive business decisions. You can’t blame these companies. After all, we have seemingly been to the edge and everyone is watching the decision makers in politics and economics to see how or when they can get the U.S. economy back on track.

How can you add true savings to the mix of family priorities and bill paying even if you may face a no raise environment (or have suffered from a reduction in pay over the last several years)?

Steady and regular savings should not be optional in any family that wants to survive and thrive in the next two decades.

You can begin by calling a family meeting and simply brainstorming about current and past spending for the purpose of reducing expenses now and in the future.

If you don’t have a savings plan in place today, go to past blog entries to see our “1% Savings Plan.” It may knock your socks off and it can absolutely increase your steady savings without killing your lifestyle.

Look at all the money you spend for any reason. Take your cue from the major corporations: Reduce your expenses across the board by talking to EVERY company that sends a bill to your home. Negotiate with them to reduce your bill with them by 10 – 15% each month. Be open-minded to their suggestions and be consistent and relentless. If they say no, ask for a supervisor. Tell them you really want to remain a customer of theirs, but tell them you need help. It may take multiple calls, but you will be happy when they give a little breathing room. Any percentage they give to you, you must add to your REGULAR and STEADY monthly savings from that point forward.

Think of it this way: The money you make is only important until you pay for your very basic food and shelter for the family. The real IMPORTANT and KEY money that flows to your family IS ONLY WHAT YOU SAVE & INVEST.

This is 2010 (almost 2011). We must become more aggressive about steady savings and investment. Focusing your family and including everyone in this will be a powerful friend to help you build wealth.

In 2010, you should have 15 to 18 months of your expenses in emergency savings. Don’t have it? Don’t worry. Just get started. It will build faster than you can imagine.

Slow and steady really does win the race. Put it to the test. You’ll be glad you did.

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.

Areas Where You Can Save Immediate Money


If you are reading this, you have opportunity to begin a new adventure in handling your personal finances in a way that will end up putting more wealth into your family over time and perhaps change the path of your family in future generations.

The average large business today is pulled back on expenses. In other words, they are holding cash. They are doing this because they have concerns about the economy, consumers and spending. It creates a situation where they are being harder and harder on employees. Cutbacks are everywhere. Cuts in wages. Cuts in hours. Cuts in expenses.

What does that leave for you?

Little….or nothing. The major corporations are trying to separate you from your money all the time and they use powerful marketing to do it. So, it’s you and I against them. And we can win.

The U.S. economy is not going to bounce back anytime soon. It will be a slow movement curve up (if we are lucky). We are a consumer-based society. In order to win, we have to use our power.

If you want to survive and thrive, you must work to make regular savings a part of every paycheck that you receive.

You can begin with the “1% Savings Plan” in previous blog entries or at our website http://www.MiddleClassMoney.com.

To jump start savings, look at your expenses. Call every business that sends you a bill and tell them up-front that you are in financial stress and need to cut your bill with them by 12 – 15%. If they won’t help, ask for a supervisor. Ask how you can reduce your bill and be patient with them. Be prepared to be open minded and be open to their suggestions.

Every dollar you “save” or get these companies to “reduce” in your bill you should add up and put into an “official bill” that you pay each month from now on. In other words, soak up the savings and use it for SAVINGS.

For instance, let’s say you find a way to save $10 on your cell phone bill per month. Take the $10 and put it in your budget as a “bill” you pay each month to your savings from now on. Then, let’s say you save $32.50 off of your cable bill by bundling or through reduction in channels. Take the $32.50 and add it to the $10. Now you have a bill at the beginning of each month that is $42.50. Keep going. Any reduction you get in your monthly billing should go to this “savings bill.”

Areas where you can really push expenses down:

– Cell Phone Plans (shop, compare and review the minutes you use vs. the minutes in your plan).

– Car Insurance/Home Insurance (compare at least once per year; if you have not done this in awhile, call at least three insurance companies and YOUR OWN to compare coverage and price. Make sure you compare apples to apples for the exact coverage you have today).

– Grocery shopping (if you are not shopping at Walmart or one of the big discount retailers, you may be spending A LOT more than you should).

– Book stores, malls, high-end stores (Check out Amazon, Ebay and Craigslist instead).

– Christmas or holidays (Yes, you can use Craigslist to get amazing deals on perfect gifts that those you love will love themselves. And you’ll save tons).

The # 1 thing you can do for your family is see things as they really are:

Big corporations are after your money and using powerful marketing. The more you can learn and focus on saving, the better off you will be. When you save money using a coupon or reducing a bill, add that money up and make it an “official bill” that you pay at the first of each month. You will be shocked how quickly it adds up.

You can do this!!!!

GET SERIOUS ABOUT AVOIDING POVERTY ISSUES

If you have two (2) incomes in your family, the single best thing you can do is work to reduce your expenses and lifestyle over time until you can live on one income and both save and invest the other income for success between now and retirement.

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.

Boot Camp For Credit Cards, Saving & Building Wealth


Many people go through their young adult lives thinking that they will always rise like the sun and everything in their lives will continue on bigger and bigger and bigger. We are wired to be that way as humans. This is especially true when you are young.

You’ve heard the old saying: Sometimes bad things happen to good people.
Life experience teaches you that good things and bad things happen to everyone.

So, what do you do?

If you want to be wealthy, you must set your course.

What if you have no emergency savings?

Start by looking at your very next paycheck. Multiply your after tax pay by .01. Before you spend anything (even on a bill), take the number you get after taking YOUR PAYCHECK X .01 = XXXXXX and put XXXXX in money market savings. This is your emergency fund.

Each time you get paid after that first paycheck add another .01 to the number you use to multiply your after tax pay by in the first place. That means the second time you get paid, you will do this: YOUR AFTER TAX PAYCHECK X .02 = XXXXX. Take XXXXX and put it in money market savings. You will increase the amount by .01 each time you get a paycheck until you reach .15. This is our “1% Savings Plan.” It allows you to gradually increase your savings without killing your lifestyle. Once you “level off,” you will have regular savings down to a science. For more on our “1% Savings Plan” and other ways to build savings and then wealth, check out http://www.MiddleClassMoney.com.

Of course, if you work where you are eligible for joining the 401k at work, you should do that. If you have some extra room in your budget, you should also contribute regularly to a Roth IRA or Traditional IRA. We prefer a Roth, but either is good. Wealth does not build itself and anything of real value is not built overnight. Stay on the path and remember that the key is steady and regular savings.

Then, you will continue to build your fortress. Next look at your debt. Start with credit card debt. Here is a secret most of us don’t learn about credit card companies until it is too late: They are the enemy of your family. Don’t trust them. Don’t love them. Work to reduce and then eliminate your credit card debt and do not use credit cards unless you pay them off each and every month.

How do you pay these rascals off? It’s not easy, but we recommend you start by looking at the interest rates you pay on each card. We also recommend you become a pest to the credit card companies and work a system (built by you) to call them regularly, ask for a supervisor and beg, plead and argue your way to lower interest rates. Ask them for mercy. Beg them for a reduction so you can pay it off completely.

Try to consolidate your credit cards into a 0 or low interest card. However, be careful and watchful of tricks. Make sure it makes sense and there are no hidden fees or issues in rolling this debt together. Remember rule # 1 with credit card companies: Don’t trust them – read everything.

Then, start paying MORE than the minimum on the highest interest credit card. Pay the minimums on everything else until you pay the big interest rate card off. Then, choose the next highest interest rate card and pay MORE than the minimum on it until it is paid off.
You can do this. It will not be easy, but you will see the progress and get excited about being debt free.

There are other tricks, of course. You can check these tricks out at http://www.MiddleClassMoney.com or read our other blog at http://www.StickyAsset.com/blog. Our goal is to help middle class families fight back against a corporate driven world.

Remember this: Your emergency savings should equal 15 to 18 months of your expenses. Don’t worry if this is not the case right away; just work toward the goal with the “1% Savings Plan” and look for other excuses to remove any dollar you can from checking (because we believe a checking account is a money laundering account for other people’s money).

Involve your entire immediate family in the cause of building steady and regular savings. Brainstorm ideas about how to earn extra money simply for investing in long-term wealth production. This will teach your kids that saving and investing is not optional. It is something for every smart cookie.

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 Truth About Your Savings


Everyone likes to save money, but hardly everyone uses specific strategy guaranteed to boost savings on a regular basis and stick to this strategy over the long-term to gain additional control over their financial life.

What are these “specific strategies?”

See your paycheck for what it is: The part that you pay out to other people and the only part that can help you build value: What you save as a percentage of each paycheck.

See your checking account for what it is: A money laundering account for other people’s money. Get .15 extra in your checking account? Boost it out of there and into savings where it can help you build a future. Use any excuse you can to remove ANY extra dollars out of checking and into savings.

See coupons and coupon codes for what they are: Ways you can save money IF you only use them for items you regularly purchase or really need and you take the percentage saved from the coupon or coupon code and push that amount to savings. If you don’t put the money you “saved” in actual savings, you have only participated in marketing.

See negotiation for what it is: A tool that rich people (and smart people) use to protect more of their money for the use of savings and investment. While many people are “too embarrassed” to use negotiation on everyday purchases, the rich and the smart DON’T allow themselves to feel embarrassed. They understand the keys to building wealth are simply using strategy to push money by percentage from checking to savings and investment on a regular basis.

See regular saving and regular investment as what they are: The only tools you can depend on to build wealth over time.

Remember this: You can do this. Your emergency savings for 2010 should be 15 to 18 months of your expenses in money market savings and certificates of deposit. You don’t have to build it all at once, but you can build this kind of emergency savings over time. In fact, it will build faster than you think.

It all starts with the plan. If you want, you can begin with our “1% Savings Plan” (see past blog entries here or on http://www.stickyasset.com/blog or check it out at http://www.MiddleClassMoney.com.

This is your ticket to freedom. This is the ticket to freedom for your family. All you have to do is grab it, start and stay consistent in regular savings and investment.

YOU GOT A LATE START?

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.

MAKE ME RICH RIGHT NOW


Everyone wants the quick hit. Look at Wall Street. Traders want to score big and avoid having long term investment. Main street wants to hit the lottery. The questions are always about “How can I double my money?”

I hate to bust your bubble. The most likely way to grow actual wealth is to establish patterns of steady savings.

Develop your own plan. Sit down with your significant other. Go over your bills. Go over what you spent in the last three months.

Review ways you can save more money (see our “1% Savings Plan” at http://www.MiddleClassMoney.com or in previous blog entries to find out how to boost savings on any income).

People always like to focus on “How.”

How much money am I saving? How much does not matter as much as what percentage of each paycheck am I saving? Know this answer and work to increase it to become wealthy.

How much money do you make? Who cares what you make? This is not a value question. It’s how much you KEEP that determines value. It’s how much you put to work FOR YOU with each paycheck.

How much are you investing? Once you have your emergency savings (see below), you should work toward investing 10 – 15% of your pay or more each month.

Forget how much. Focus on percentages and work to increase percentages that you save and invest on a regular and steady basis. This is the real key to building wealth over time.

Once you have built a proper emergency savings fund (15 to 18 months of expenses in money market savings or certificates of deposit), simply begin steady investment in assets that grow themselves (dividend stocks of stable Blue Chip companies come to mind – AFTER you have your emergency savings).

Your family can meet on saving and investing. It will be good for the family and good for their future.

All you have to do is determine that you want to begin. Then, don’t stop. Get hungry for building your goals.

You’ll get going faster than you think.

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 Top 10 Misunderstandings About Money, Savings & Wealth Building


Here’s the quick top 10 misunderstandings about building savings and wealth:

1. Misunderstanding that only dorky people use coupons; rich people use coupons and coupon codes.

2. Misunderstanding that coupons or coupon codes always save you money; they don’t. When using coupons, you should ALWAYS compare unit costs or price to non-coupon choices. Sometimes coupons are just marketing. Use them wisely and push what you “saved” to actual savings….or you haven’t saved anything.

3. Misunderstanding that negotiation is dorky. Negotiation makes you cool in today’s economy. Take pride in the fact that you can negotiate practically ANYTHING. And if you can’t negotiate something, TAKE YOUR BUSINESS to another place where you can negotiate. Oh, and push the money you save NEGOTIATING to actual savings (or you are not actually saving anything).

4. Misunderstanding that credit is king; the truth is – only cash is king. Steady savings to boost emergency savings first and then investment should be a constant priority.

5. Misunderstanding that credit card companies are a friend to your family; they are not. See them as your enemy and you will live a better life. Don’t be intimidated by them. Engage them in negotiating down your interest rates, pay off your credit cards and stop using credit cards. Credit is the path to the death of personal wealth.

6. Misunderstanding by thinking your checking account is YOUR money. It isn’t. Checking accounts are money LAUNDERING accounts for other people’s money. Use any excuse you can to remove money from checking and push it to savings REGULARLY.

7. Misunderstanding the relationship that time has with money. The earlier you start regularly and steadily saving 15 – 20% of your regular paycheck, the sooner you will become wealthy. No high math needed. It is regular savings that paves the way. Don’t think you can save 20% of your after tax income? Try our “1% Savings Plan” (see “How To Survive Any Financial Crisis” at http://www.MiddleClassMoney.com or check out our past blog entries on this subject).

8. Misunderstanding that emergency savings is 3 to 6 months of your expenses in money market savings or certificates of deposit. That is not the standard for 2010; build your emergency savings through steady savings to 15 to 18 months of expenses in money market and certificates of deposit. If you develop a serious commitment to saving regularly, you can do it. Savings grows faster than you think when you save REGULARLY.

9. Misunderstanding that your role as the parent in the child-parent relationship is to shield your children from the stresses of being an adult. Include them in brainstorming and making the actual “battle plan” to save regularly and invest regularly. It will give them a potential twenty year head start on the other kids. That’s worth doing.

10. Misunderstanding that you cannot change where you are today. Ever heard of slow and steady wins the race? It’s still true. There is a reason that Warren Buffett is a rich old happy guy who seems kinda dorky. He doesn’t believe you have to cheat your way to the top or lie to build wealth. What you have to have is a PLAN.

Don’t accept no as an answer. Don’t let your personal wealth be unattainable. You can do it. What do you need? A plan. Don’t allow yourself or your family to become overwhelmed and simply give up. Building wealth is not about being rich for you and me. It is about giving your family options for their future.

You can do it.

Dedicate some time to building a plan. Find unique ways to save money regularly.

Don’t listen to people who say you cannot build wealth. These people are the folks that want you to stay with them. If you show you can build wealth, there must be something to slow and steady strategy wins the race. They won’t like that.

Building savings takes time. Building wealth takes time, too. However, your savings will build faster than you think. Your wealth will grow faster than you think, too.

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.