Have you heard about the magic penny before? What about turning one little penny into over $10 million? No?Well, before we go on to talk about this magical penny, let me ask you a simple question and I want you to answer it honestly.Would you rather have $1 million or one penny doubled every day for 31 days?I'm going to bet that 95% of you are going to pick the million dollars. Heck, that's quite tempting isn't it. To have one million … [Read more...] about Can You Really Turn $0.01 into $10 Million?
The new year is here and I'm sure you're ready to get started on your resolutions. Typically people are focusing on their weight, especially after two holidays of eating good food. I know I could lose a few pounds after this holiday break. More importantly, some are focusing their goals on their finances and I applaud those people. A new year is a great time to look over your finances and see where you can improve. You might even start a nice … [Read more...] about 39 of the Best Financial Tips to Start the New Year
If you are even halfway serious about trying to get out of debt or simply want to spend $100 less a month, one of the first steps you need to take is monitoring your monthly spending. Before you think that the only way to track how much you spend is to pay for a monthly app-- so you go further into debt before getting out of debt-- think again! There several options available that help you monitor your finances for free. Pen and Paper The … [Read more...] about 7 Free Ways to Monitor Your Money
How did your money do when the 2007 -2008 recession hit? It wasn't good for a lot of people. Many had to declare bankruptcy or make very tough financial decisions just to stay afloat.It's not a matter of if a financial recession will strike, it's when it will happen. While nobody can accurately predict when the next recession will finally arrive, there are certain steps you can take to "recession-proof" your finances so you will not have to … [Read more...] about How to Easily Recession-Proof Your Finances
Not everyone has the money to start investing, or so they think. Did you know you can invest with just a few dollars each month or even just spare change?Do you want to build a small nest egg by investing a few dollars at a time? Then you should consider one of these micro-investing apps. Investing your money increases its earning potential compared to only keeping it in a savings or checking account. The Best Micro-Investing Apps We tried … [Read more...] about The 7 Best Micro Investing Apps You Need to Try
You have finally reached the light at the end of the tunnel! It’s time to retire and enjoy the fruits of your labor. As you near retirement, there is another batch of money mistakes to avoid so you can afford to remain retired. By using your experience from your working years, you should be able to avoid these common money pitfalls.Those in your 60s and near or in retirement have to be a little more careful than those who are younger. Money … [Read more...] about 6 Money Mistakes You Need to Avoid in Your 60s and Retirement