Tag Archives: unsual ways to save

Now Money – Later Money

money grabber
Fast money is hardly ever money that lasts.

People always want the shortcuts. How can I get rich quick?

Think about the things in your life that have real value. If you want to become wealthy because you think it will solve all your problems, you are probably wrong. Money equals choice. There is nothing wrong with using money to do good things for your family and the people you love and care about in your life.

If you are reading this blog for the first time, chances are you are starting to think about how you can find and apply principles that will help you and your family save more money. This is an excellent place to start. Our blog today is not going to tell you a secret. We will tell you that the first secret is out in the open.

That secret is “begin.”

And remember that the more you sacrifice now and trick yourself into pushing more of your income to savings for later, the more you will truly build wealth.

Spend some time thinking about how you want to build your financial life. Start building your own plan from the ground up. You can do it.

Make a difference in the lives of your own kids. Take a stand and recognize that the corporate world is geared against us in the middle class. However, they need us as much as we want some of the things they tempt us with.

So, today we start with this word: START. You can do it.


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

The Road For Investing Is Not Open To Everyone

Road Closed Sign
A lot of people think the road to saving and investing is closed to them. Let’s face it. When you start out “on your own,” you have freedom. Many of us experience true freedom for the first time at that moment, but the moment doesn’t last.

Credit card companies (and many others) come along and promise that you can go in a little debt and boost your “lifestyle.” Years pass. You get married. You have kids. Suddenly, you have just enough to scrape by – maybe not even that. And you arrive at “How can I save? How can I invest? I can barely get by.”

Let me open the door to saving just for you. You have to take your life back from these people. And you have to do what all great explorers do: start with baby steps.

Review your life. I mean your financial life. See where your money is actually going by looking at the last three months of your expenses.

See what could be eliminated. Then, start to look at where you could reduce expense. Don’t stop at regular spending (eating out, movies). Look at regular bills as well. Call the individual companies and tell them that your family has been slammed by the recession and you need their help in reducing the bill by 10 – 15%. You may be surprised to get their help, but be open-minded to ideas they have in reducing your bill. You have to pitch in, too.

When you get a bill reduced by 8% or 10% or 15% (good job), calculate that money and earmark that money for savings BEFORE you pay your first bill each month. Remember: If you are not actually saving that money, YOU ARE NOT SAVING.

Look at your paycheck. Look at the after-tax amount you get every time you get paid. If you have to do this, begin by saving only 1% off the top of your after tax pay each time you get paid. Each month after that, increase the amount you take OFF THE TOP and put in savings by another 1%. It will make transitioning into savings easier for you and your family, and chances are you will not miss the money that much.

The key to wealth-building is:

#1. Automatic savings month after month or paycheck after paycheck. You cannot look at this as optional.
#2. Eliminate or lower debt all the time. Focus on first reducing debt and then eliminating it (especially credit card debt).
#3. Purchasing assets systematically. This means regular investments in assets (assets – by our definition – are those things that pay a dividend or reproduce the source element of the asset).

The road is now open to you IF you will begin. Do as we say and you will grow more secure and you will grow wealth. This is not get rich quick, but it works.

If you want more tips on saving money (tricks) and boosting wealth (strategies), sign up for our FREE monthly e-saver at http://www.stickyasset.com/blog. You can also get our $4.95 “How To Survive Any Financial Crisis” at http://www.middleclassmoney.com.

You can do this. Don’t let anyone tell you that you can’t.

Good luck!

Loyd Ford

Don’t Fall Down With The Media

panic falling market

Most people are thinking about the ride down the economic wash out. The news is always bad. The focus is on job loss and forclosure. Yuk!

Now is your great opportunity to focus on rebound, a surge, a renewal. The best way to do that is to review your financial situation.

Start with “Do I have a job?” If you do, you’re lucky. If you have a job, that means it will be easier for you to save money than if you didn’t.

Don’t allow yourself to be overwhelmed by the bad news in the media or the job market or the difficulty with raising money for savings. Just begin a process where you review all of your expenses over the last three (3) months.

Look for ways to cut expenses – totally or with each bill you have by 10 – 15%. Naturally, you won’t be able to cut some bills. However, you will be surprised how you can cut many of your expenses back. Now comes the difficult part – you must take what you’ve cut (the amount) and shift that every month going forward into savings.

As this recession hangs on, you don’t know about your true job retention or loss in the future. You must focus on increasing savings.

You should work to build 15 to 18 months of expenses in a money market savings account that is FDIC-insured. (Actually, the first six months should be in this account. The balance should be put in six month only certificates of deposit – check Bankrate.com for the best locations for your money to to to work for you).

Time will continue to roll. In six (6) months you will either have more savings and feel better about what you’ve done or still be sitting exactly where you are today. Which do you want?

Get started – you can do this!

For more information on creative ways to save and invest, go to our main blog at http://www.stickyasset.com/blog or check out our e-book “The Sticky Asset: How To Survive Any Financial Crisis” at http://www.stickyasset.com.

Good luck!

Loyd Ford

Take The Test

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

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

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

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

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

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

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

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

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

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

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

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

Good luck!

Loyd Ford

Why You Must Start Now

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

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

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

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

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

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

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

Every penny you save matters.

It will build faster than you think. GET STARTED.

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

Loyd Ford

Self Help Yourself To Wealth (No, Seriously)

I’ve been reading the Chris Gardner book “Start Where You Are.” Chris Gardner is the inspiration for the movie The Pursuit of Happyness (the movie that starred Will Smith as Chris). If you don’t know his story, you should Google him or at least start with the movie. That should motivate you that no matter who you are or where you are you can make a difference and you can both save and invest for the future. While Chris was once homeless, he is now a multimillionare. He didn’t do it with get-rich-quick. He did it with hard work. He did it with focus. He did it with will power.

He has a great story. You can utilize his story to inspire you to “Start Where You Are.” While I am not usually a person who loves a lot of self-help (funny for a person writing two self-help personal finance blogs). If you’ve been reading this blog or our main blog (www.stickyasset.com/blog) for any time, you know that we are working to make good decisions and save regularly while we attempt to help others do the same.

Today’s buzz words are: Start Where You Are. The most important thing you can do for yourself and your family is begin. Begin to save automatically. Even if you start by saving only 1% of your next after-tax paycheck, begin. Then, increase it each paycheck or once a month by another 1% each paycheck or month. Do this until you reach 15%.

You can build a safety-net for you and your family and then begin to truly save and invest in a way that will help you to build wealth.

All I can say is “thank you” again for reading our blog. And “Start Where You Are.”

Loyd Ford

How Do Some People Save And Others Don’t?

I have to give some credit to HSBCDirect.com for the following:

• Active Savers, a group of people characterized by their dedication to saving, entered the recession better prepared than others because of their savings lifestyle. They have not had to take drastic measures to adapt to uncertain financial times and are less likely to have had to cut back on spending, eating out, and making large purchases.

• For more than half (57 percent) of Active Savers, learning to save started at a young age. Putting money away is a value their parents instilled in them (73 percent).

• Savings comes first for nearly half (46 percent) of Active Savers. They’re willing to make sacrifices in order to be able to put money away.

Overall, a majority of the population has not allowed the economy to hamper their savings plans—81 percent have been able to put the same amount away, if not more.

Here’s the idea: Steady savers are better prepared for the downturns that always come in economy and personal situations. Steady savers that are most successful are those who save AUTOMATICALLY. This can include:

Roth IRA
Traditional IRA
Emergency Savings

And you should have each one of these with automatic savings everytime you get paid.

Savings should be put away in FDIC-insured banks that offer the best interest rates.

Want more? Check out or main blog at http://www.stickyasset.com/blog.

Good luck. You’re on the right path thinking about putting money away for the future. Now…take more steps to protect your future by putting the automatic savings into action in each of the categories above.

Thank you.

Loyd Ford