How to Prepare For a Recession
.How to Prepare For a Recession
Posted March 17, 2022 by Ben Carlson
A reader asks: What are some moves you’re making to prepare for the recession?
There seems to be a growing consensus among smart people I follow right now:
Inflation was already high and is only going to get worse because of the war. We could easily see a 10% inflation print this year.
The war is going to cause massive food shortages in the next year since so many agricultural commodities come from Ukraine and Russia.
Supply shocks were already bad and are only going to get worse. Tack on China’s Covid outbreak that’s shutting down entire cities and the supply chain is in trouble yet again.
Therefore, a recession is now inevitable.
7 Sacrifices Successful Entrepreneurs Make to Succeed
.7 Sacrifices Successful Entrepreneurs Make to Succeed
By Dan Western
You can’t have success without sacrifice; If it was easy enough to become one of the greats without making sacrifices, every tom, dick and harry would skate by through life putting in the bare minimum, and still living they’re dreams. They wouldn’t have earned it.
Every successful entrepreneur has made sacrifices in order to build themselves great wealth and success. But they won’t just make one. They’ll make several in order to maximize their entrepreneurial growth.
32 Absolute Best Frugal Living Tips
32 Absolute Best Frugal Living Tips
November 19, 2021 by A Dime Saved
Are you looking for the best frugal living tips? You have come to the right place!
I am all about Frugal Living. I live frugally. I blog about frugality. Frugal, I am thee.
I hope some of these frugal living tips help you be frugal- whether you choose to live frugally or you live a life of frugality out of necessity.
Living a frugal life is not only about not spending too much money, saving for retirement, stocking up an emergency fund, or avoiding credit card debt. When you live a life of simplicity, you can spend time and money on what’s important to you. The best frugal living tips are the ones that work the best for you- the ones that will help you start living frugally and make your life easier.
10 Questions to Ask Yourself As An Aspiring Millionaire
.10 Questions to Ask Yourself As An Aspiring Millionaire
By Anum Yoon
Most accomplished individuals and millionaires often find the best way to navigate to success is by questioning the status quo. This isn’t just about asking numerous, random questions or simply being contradictory. This will only waste time and energy, which are valuable assets that could be better served elsewhere in your business and life.
Instead, remember the key to success is knowing the right questions to ask. These are instrumental in developing positive daily habits that reinforce your goals and objectives.
Living a Frugal Life and Enjoying It
.Living a Frugal Life and Enjoying It
August 28, 2020 by A Dime Saved
What does it mean to live a Frugal Life? I think there is an inherent positivity in choosing a Frugal Life, even if that decision is not based on money.
I live a frugal life. I talk about living frugally and how to save money because that is my life. That is how I live. Living a frugal life is more of a mindset than having to do with money. You can live a frugal life even if you have all the money in the world. Of course, there is a world of difference between choosing to live frugally and being forced to live frugally because of your circumstances.
Stop! Don't Make These 6 Dumb Mistakes With Your Financial Windfall
.Stop! Don't Make These 6 Dumb Mistakes With Your Financial Windfall
By Kentin Waits
Maybe your lottery numbers finally came in. Maybe a favorite aunt remembered you in her will. Heck, maybe one day while you were shootin' at some food, up through the ground came bubblin' crude — oil that is! Texas tea! (See also: 50 Smart Things to Do With Your Tax Refund)
Whatever the source, you're the lucky beneficiary of a financial windfall. Revel in it and protect your new-found wealth by avoiding these six dumb moves.
1. Act Impulsively
Receiving money unexpectedly is exciting, and it can send even normally down-to-earth folks straight into the stratosphere. In those dizzying weeks and months following a financial windfall, we're really not ourselves, so making big decisions during that time is usually a terrible idea.
37 Life Hacks That Will Save You Money
37 Life Hacks That Will Save You Money
There are easy things you can do to reduce your monthly budget.
By Jeff Yeager Mar 15, 2022
Savvy shoppers might be the masters of coupon cutting and buying on a budget, but those aren’t the only ways to save money. If you don’t take advantage of all the life hacks available to you, you’re essentially leaving free cash on the table.
With a little effort and creativity, you can cut hundreds or even thousands of dollars a year from your budget. Plus, if you handle a few small items on your to-do list that you’ve been putting off, you can even find ways to earn more money without working more. Take these steps to gain control of your financial future.
The Biggest Money Mistakes Women Make in Relationships
.The Biggest Money Mistakes Women Make in Relationships
By Gabrielle Olya
In today’s “Financially Savvy Female” column, we chat with Shelly-Ann Eweka, CFP, senior director of financial planning strategy at TIAA, about the three biggest money mistakes women make in relationships — plus, how to successfully talk about finances with your partner.
Mistake #1: Not Talking About Finances Soon Enough
You may not want to talk about money on a first date, but it’s a topic that should be discussed before you’re opening a joint bank account.
10 Things You Can Do Right Now to Protect Against Inflation
.10 Things You Can Do Right Now to Protect Against Inflation
Looking for ways to put your money to work? Read on.
Adam McFadden | JANUARY 28, 2022 | Updated: March 16, 2022
There’s no doubt about it, inflation is here in a big way. So how can you put your money to work to stay ahead of it? The good news is there are some things you can do to protect and possibly grow your money in an inflationary economy. We cover some of these suggestions below for those who are looking to make the best use of their money during this time of high inflation.
You Never Have Time, Only Intentions
.You Never Have Time, Only Intentions
by David Cain
In my new house the top floor is a single room with gabled walls and a single window that looks out over the street. I go up there twice daily to meditate for half an hour, so every time I’m in that room I can’t help but think, at least once, about how much time I have left in the day.
During those sessions I’m more aware of my thoughts, and the effect they have on me, than at any other time. And I’ve noticed that the amount of time I have left after my sitting—before I have to be somewhere, or before bedtime—makes a big difference psychologically.
The Reason Many Ultrarich People Aren’t Satisfied With Their Wealth
.The Reason Many Ultrarich People Aren’t Satisfied With Their Wealth
Joe Pinsker
At a certain point, another million dollars doesn’t make anything newly affordable. That’s when other motivations take over. As the number of millionaires and billionaires in the world climbs ever higher, there are a growing number of people who possess more money than they could ever reasonably spend on even the lushest goods. But at a certain level of wealth, the next million isn’t going to suddenly revolutionize their lifestyle. What drives people, once they’ve reached that point, to keep pursuing more?
There are some good explanations, I found, after talking to a few people who’ve spent significant amounts of time in the presence of and/or researching the really, really rich. Michael Norton, a Harvard Business School professor who has studied the connections between happiness and wealth, had a particularly elegant model for understanding this pattern of behavior.