Tag Archives: how to survive any financial crisis

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.

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5 Things About The Future Of Your Financial Life You Need To Know Now


Many people are overwhelmed with saving and investing because we were not taught the keys to building wealth when we were children. We’ve all had to learn life “as it comes.”

In 2010, it should be clear to you that the rules have changed for middle class American families. If you don’t understand this, you are much more likely to financially fail in the next decade.

How do you get your family on the path to safety and build wealth in the economy ahead?

There are some basics we believe when it comes to save and investing money. We believe you must do your own research about ways you can save money and ways you can invest based upon your emergency savings, debt and ability to stomach risks vs. return.

How do we see it?

It starts like this:

1. There are two critical things that you must work to accomplish for your family over the next decade as the United States faces stronger headwinds in economy and other challenges. Those two things are reducing debt (especially credit card debt) while you build emergency savings. You should set as a goal to increase your savings by percentage of how much you are saving of your after-tax paycheck each time you get paid. *See our “1% Savings Plan” in past blog entries or get it in “How To Survive Any Financial Crisis” at http://www.middleclassmoney.com.

2. You should set as a goal and build a plan that helps you build 15 to 18 months of your family expenses in emergency savings. The old 3 to 6 months of expenses in emergency savings rule is TERRIBLE ADVICE in the 21st Century. If you lose your job, you may not be able to replace your income for 12 to 18 months OR EVER. Tread carefully and build your plan to strengthen your future.

3. Once you have captured your correct emergency savings (15 to 18 months of expenses in money market and certificates of deposit), you must focus on building an “Asset Train.” Think about it this way: Trains go places. If you build assets (purchase assets) consistently and regularly over time, you will build wealth. This can be done in a variety of ways. It can be through your 401k and either a Roth IRA or Traditional IRA. You can build assets in NO LOAD mutual funds. You can eventually purchase real estate, but keep in mind that you want to focus on building assets and NOT DEBT. So, be careful to focus on assets that generated more of themselves.

4. Do exercises with your family members where you learn about ways to save and invest. When you do this with your children, you set off a lifetime of smart habits that will mean they will get stronger (wealthier) over time.

5. Focus on earning additional income outside of your “day job” specifically for pouring into saving and investing priorities.

In investing and saving money, there is a basic rule that “rules” over all others. If you don’t understand something, DON’T do it.

You can get ahead in the economy in the coming decade. You should not take things for granted – including your job.

How will your life at work improve when you know you have 15 to 18 months of expenses in personal savings?

Get started. And help us spread this blog by putting it on your Facebook wall. The people you love and care about (and your friends) can use this kind of advice. It can make a huge difference in their lives. We will appreciate your spreading our message because we know we can only help people when others help this blog by spreading access!

You can build wealth. You can do this. Get started!

HELPING YOUR KIDS GET AHEAD

If you think I was born saving money, you are wrong. My family is filled with hillbillies from Louisiana. There are members of my family that don’t believe in 401ks or IRAs. 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. 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”

Earn Real Financial Freedom For Your Family


How can you possibly save money when you are so behind on bills and have competing priorities with kids, a bad boss, cutbacks at work, high unemployment and more?

Of course, we could throw on the fire saving for retirement and college savings for the children. Well, it is easy to see why so many families get off track and overwhelmed by the thought of something as sexy as saving money. (When is the last time you saw a hot TV show on one of the networks or a major movie about saving and investing money?).

Here’s the bottom line: We recommend that you forget about all that competing information.

Think only about percentages.

Start with your next paycheck. Your after-tax income is what we will call 100%. Of course, if you are not already enrolled in your company 401k and a Roth or Traditional IRA (both), you will have to settle on a small amount for each of those before we begin). That’s right – we believe slow and steady wins the race. So, if you have to begin with a small amount for your 401k and your Roth or Traditional IRA, so be it! Do it. Remember: 401k and IRA money is about long time horizon. This is money you are kissing away for when you are old. Do it. Don’t skip that important step.

Now, let’s look at that after-tax paycheck.

Take your total after-tax paycheck and multiply it by .01.

Take that amount of money and move it to actual savings (away from checking; “checking accounts are money laundering accounts for other people’s money”). It is important that you do this BEFORE you pay any other bill or use any money from your paycheck.

Be honest. Can you spare 1% of your after-tax income in your next paycheck for savings?

Most people can do that. If you can’t spare one percent , you have some other work to do.

Each paycheck after the first one, you will add an additional .01 and multiply by that number (so the second is multiplied by .02, the third is multiplied by .03) until you reach .20. This is how you can move your regular and steady savings from 0 to 20% of your after-tax income without killing your lifestyle.

This is just one way to adjust your savings upward and create a force for saving that will overtime become money that will work for you and your family to give you options and help generate investing that will help your family long-term.

This is the way to create and earn real financial freedom for your family. Help them build wealth and protect themselves long-term. You will be glad you did.

ONE HOUR A WEEK

Busy? Everyone is busy, right? However, you can and should map out an hour each week to work on ideas for saving and boosting savings opportunities. This is a family activity. If you engage your kids and your spouse in regular savings competition, they will develop excellent habits that will help them all of their lives.

When we were little, our parents probably thought they were doing us all a favor by shielding us from the realities of personal finance. Don’t you do it! Teach your kids by example and you will make them richer over the course of their life and give them more potential control over their future.

HELPING YOUR KIDS GET AHEAD

If you think I was born saving money, you are wrong. My family is filled with hillbillies from Louisiana. There are members of my family that don’t believe in 401ks or IRAs. 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. 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”

How To Build Your Family Wealth In 2010


Are you ready for 2010? I mean – seriously. Have you decided to commit to saving money this year?

Do you believe that YOU and YOUR FAMILY can save money? Can you do it on your income? With your existing bills?

Of course you can! We highly recommend that the most important word in the English language when it comes to saving money is:

B E G I N

Start. That is right.

B E G I N N O W.

Check out all the ways you can save. Use our blog. Go back and check out past entries on the “1% Savings Plan” or ways you can save money by using a tactic we use in our normal shopping.

Oh, and I suppose that you may want to know how much money we collected (found) in 2009 on the actual ground this year if you’ve been reading our blog for any period of time or you have read “How To Survive Any Financial Crisis.”

$61.47

Yes, we found it on the ground.

If you want to know where that money is and you haven’t been reading our blog or haven’t read “How To Survive Any Financial Crisis” I don’t know what to tell you.

Stick around. Saving money and developing your own plan for investing in your future and the future of your family IS FOR YOU! We believe it. Stick with us in 2010 and you will believe it, too!

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

Getting Your Savings Off To A Good Start In This Economy

ebay
We usually focus on ways to save money regularly and automatically on this blog. These ways can be accomplished easily in the pay-yourself-first fashion of going to your employer and setting up a 401k and a paycheck-by-paycheck debit that goes to an account with someone like ING Direct, T Rowe Price or a savings account of some kind. We always recommend you do your own research on “where to land money” for savings and investment.

However, if you are seeding an emergency savings fund, we always recommend a money market savings account or certificates of deposit with an FDIC-insured institution.

Sometimes you need a little help to get your savings started or boost it up. If you are ready to try your hand with this, we want to help.

This blog entry looks at additional ways to BOOST SAVINGS with things you already have at your fingertips. Things you own. This blog entry is about selling things you currently have but are not using. You know we all have items in our homes that we have not used in a long time. Trade them for peace of mind. Boost your emergency savings.

Where do you sell such things? I guess everyone knows about ebay. What if you had a lot of different options to sell your old things? Would that be a game-changer that would allow you to really boost an emergency savings fund or start one?

Try these:

http://www.narts.org
http://www.half.com
http://www.secondspin.com
http://www.dealitlive.com
http://www.buymytronics.com
http://www.bonanzle.com
http://www.craigslist.com

If you are going to sell things you already own, you have to learn to be patient and know in advance what you will accept for any item. There are always negotiators (and you should always be one of them when you are BUYING), but boosting your emergency savings or savings in general by selling things you already own is a great way to build a little savings.
Just know what you want to get for your things and stick to your plan. And always put the money directly in your savings.

How much emergency savings is enough? 15 to 18 months of expenses. No, you won’t get there all at once, but hang out with us and we will continue to show you ways to can enhance your savings. You’ll get their faster than you think.

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

Trying To Get Ahead In This Economy

budget
People always tend to think things will always be the way they have always been. This kind of thinking often goes on until it’s too late.

Nowhere is this more true than in the world of the family budget, personal finance and trying to get ahead in an ugly economy.

Our blog isn’t even about retirement. Forget that. This is about your daily life. This blog is about making an adjustment in your thinking and building your own plan to build savings and boost overall wealth. We don’t preach get-rich-quick (because that is often a scam). We talk about the things that – over time – have proven themselves again and again to work and produce actual savings and then wealth.

We talk about how you can be in control of your self-image.

You can be in control of your self-worth.

You can be in control of your thoughts on income, value, savings and investing.

A lot of people today feel they are shut out of saving and investing because living normal and average daily life takes too much of their money.

They become overwhelmed.

But you can free yourself.

Start with our 1% plan if you feel you really cannot save any money. Take 1% of your next after-tax paycheck and pay yourself before you pay any bill. Only take 1% of your after tax income…but TAKE IT to savings.

Each time you get paid, increase the “savings first” by another 1%. Do this until you reach 20%.

No, we are not kidding. This is an excellent way to ease into regular and automatic savings.

A lot of people want to be rich, but few want to work to make it happen. Unfortunately, working to make it happen is about the only way you can build assets in this country.

Hard work always pays off. In the arena of personal savings, that starts with regular and automatic savings. You can do this.

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