Money and Time
Making it and Saving it
Reminder: We do not take responsibility for any of the following companies or individuals.
Make Money on your Blog - StevePavlina.com was launched on Oct 1st, 2004. By April 2005 it was averaging $4.12/day in income. Now it brings in over $1000/day (updated as of 10/29/06). I didn’t spend a dime on marketing or promotion. In fact, I started this site with just $9 to register the domain name, and everything was bootstrapped from there. http://www.stevepavlina.com/blog/2006/05/how-to-make-money-from-your-blog/
Get a Reward credit card - August 12, 2004 (Infomiss is still
getting cash back as of July 2007!!)
If you don't carry a balance, get a card with no annual fee and a 25-day grace period between the day of the purchase and the day the interest meter starts running. Do you have a credit card that gives you bonuses? If you pay your bills in full every month then the cash reward cards which offer you between 1 and 1.5 percent cash back on your purchases can actually be a nice passive income source. If you are able to redeem airline rewards often, maybe instead get an airline card. Or get one card of each. If you’re not getting anything in return from paying off your credit card balance monthly you are losing out. This is money left on the table. For more visit: http://clarkhoward.com/
Nice Affiliate Programs
Amazon Affiliate Program Book
recommendations on your site can earn you cash
www.highpowersites.com Website Builder Affiliate
Network Solutions Web Builder Website Builder Affiliate
Network Solution Domain Purchase Domain Purchases/Referrals can pay you cash
"I'm pretty sure you don't know my name because, I'm Not the Latest Internet Guru! I'm just an ordinary guy trying to setup my automated Internet income streams.
I've been working towards that goal for over two years now and present you my story of successes and failures at earning money from the net. http://www.my-online-income-streams.com/par/15w/recent.shtml
People who marry accumulate twice as much wealth as singles
David Popenoe, co-director of the National Marriage Project at Rutgers University, said people become more economically productive after they marry.
“They work harder, they advance further in their job, they save more money, and maybe invest more wisely,” Popenoe said. “That’s because, one can speculate, they are now working for something larger than themselves. They are working for a family.” http://www.msnbc.msn.com/id/10927084/
Coupon Codes and Promotional Codes online
This tip is for those who shop online. When you know what you want to purchase and where you want to purchase it from, open up a browser. In Google or some other search engine plug in the name of the store that you will be buying from and the word *coupon* or *Promotional Code*. For instance, Google *Target Promotional Code*. Up should come several sites offering promotional codes, which you can then enter into the appropriate space on your order. You can save 5, 10, 15, 20% on your orders or get free shipping, etc. Whatever promotion your store is offering. It's not much, but it only takes a couple of seconds to look, so why give our money away? After all, if you save 10% on everything you buy - over the course of a lifetime, that's pretty good money. Saving money in little fun ways is another way of making your money work effectively you.
Shopping Mall Savings
Next time you visit your local mall, pay a visit to the concierge or information desk of the mall. Ask for a coupon or discount card. Many malls will provide you with a discount card if you have a AAA card or aks for it.
Right-sizing / Down-sizing and Virtualizing
In preparation for having children you may want to consider downsizing and virtualizing. It takes a certain amount of time, I won't kid you. But when it's done and working well, it really saves time. Get rid of the items in your house and office that serve only one function or no function and replace with items that serve multiple functions if a replacement is needed. It's the replacing that's expensive, but purging the unnecessary or rarely used items is free! Less stuff means less to manage, clean and think about. For instance, having seven computers means that each computer needs upgrades and updates periodically. This takes management time can be better spent enjoying life. Don't let your house control you.
As for the virtualizing, get as many bills as possible to bill your American Express (or other no-fee credit card that you will pay off monthly) card. This saves on check writing and earns you airline miles for household bills paid. The remaining bills, view online and manage through online bill pay if your bank has a secure enough system. Less mail to open and send - less writing of checks. Many tasks can be virtualized from servers, databases, accounts, address books, email, and others to give the family members online access from anywhere in the world. For instance: yahoo has a contact and calendar management tool at http://Calendar.yahoo.com Anyone can then access your calendar and addresses that you provide permissions. It can be downloaded to your Outlook so you only update in one place instead of your Outlook, his Outlook, his office, your PDA or phone, etc.
Water Delivery Services
If you have water delivered you might consider this alternative -
Brita (or other brand) pitchers and counter units. Save those
recurring costs with a one time purchase of a water filtering
pitcher and 5 liter
counter unit. You'll still have the twice a year filter changes, but you can purchase the filters in bulk at a Costco or on Amazon for a good price. This is good advice especially for expecting moms who can't lug a heavy jug on top of the base. Plus you reclaim use of the square footage the water unit and base consume. In Los Angeles or New York, this can amount to hundreds or thousands of dollars of reclaimed square footage!! You will also enjoy having to manage one less thing, vendor and bill so it saves you time as well.
Find out how you stack up with your time spent vs. dollars earned. Net Present Value Calculator at www.investopedia.com
Good Credit Card Search Site
Geo Arbitrage - Interesting Article
"Most competent freelancers past the age of 30 with big-city connections in fields such as product design, public relations, software and sales and marketing can make $100,000 per year if they put their minds to it. Trust me, it's not that hard to do if you're a pro and you're pulling those bucks from California or New York. What's hard for any freelancer to do anywhere on the planet is earn the second $100,000. Yet that second $100,000 is what your household needs to swing a comfortable middle-class family lifestyle in the metro coastal areas.
But $100,000 per year, or even $75,000, buys a nice life in smaller communities. Presto: Geographic Arbitrage." http://www.msnbc.msn.com/id/9891543/
Technique's for Saving
Play the percentages game. Jan Dahlin Geiger, author of the book "Get Your Assets in Gear! Smart Money Strategies," recommended that people should decide up front how to allocate their spending by percentages and then work out the details afterward. She provided this example:
Total income: 100 percent.
Long-term savings: 10 percent. (This is savings for financial independence.)
Short-term savings: 5 percent. (This is for an emergency fund, repairs and unexpected expenses.)
Taxes: 25 percent.
Housing expenses: 25 percent. (This includes mortgage/rent, utilities, repairs, upkeep, landscaping.)
Car expenses: 10 percent. (This includes car payments/savings, insurance, gas, repairs.)
Everything else: 25 percent. (This includes food, clothes, vacations, gifts, expenses for children, restaurants, entertainment and the million other things that pop up.)
"Most people who take time to do this exercise realize they are
spending far more than 25 percent on housing and far more than 10
percent on cars," said Dahlin Geiger, a financial planner in
Atlanta. "The big ‘aha’ finally hits and they realize why they can’t
save anything. … Until you look at the big picture like this, most
people are just throwing Band-Aids at their situation."
More at: http://www.msnbc.msn.com/id/21306911/
Tips for Finding More Time in the Day
1. If you are in really bad shape time-wise, you may want to start by keeping a time diary for a week. Detail all the tasks you perform in a week to evaluate how your time is really being spent.
2. Write a note of the days “must do” tasks. Stick it somewhere that you’ll see it throughout the day as a reminder.
3. Make grocery store lists. Get in and get out. Live by the list and save time - and money too!
4. Don’t only think about price when shopping for goods or services - also consider the management costs associated with that good or service.
5. Keep an electronic to do list. If you put your to do list in
program that can be shared between family members or coworkers - you
can all have access to the list. If your spouse or assistant wants
to know what you need help with - they can refer to the list. Check
out tools like Calendar.Yahoo.com which has a ‘Notes’ area and
allows multiple users to access the same database when
permission is given. Remember, when you’ve completed an item, move into the ‘Done’ column. It’s encouraging to see what you’ve achieved along with what is yet to do.
6. Pay bills online or set up automatic bill pay through your credit card or checking account. Less paperwork, checks and accounts to manage.
7. Handle and manage less paper and phone calls. Add your mailing address and phone numbers to “do not call” and “do not mail” marketing lists. Cancel or unsubscribe to magazines and marketing materials that your vendors send. Banks, Auto Clubs, and department stores will only send account statements if you request.
8. Outsource when possible. Evaluate how long it will take you to do a task that you are not proficient in and multiply that by your hourly rate. You should also add in what you could have earned during that same time period if it were possible. Now compare the cost of your doing a job to what it would cost to hire that job out.
9. When you schedule your time allow extra room for what may and often will happen that wasn’t in the plans.
10. Fuel up, shop and run errands at off peak times.
11. Buy core items in bulk and shop less. And shop online and take advantage of home delivery.
12. Purge on a regular basis to keep the clutter and chaos to a minimum.
13. Cook extra and freeze meals for busy days or nights.
14. Get back to nature, get regular exercise and get some alone time. Clear your head and remember what really matters to you.
15. In your personal life, commit to only one scheduled event per day.
16. Kids love to help and and be part of the team! Use your kids drawings for holiday and birthday cards or have them craft new ones. Have them write the cards too!
Net Present Value of Time
(from the Net Present Value Calculator at ( www.investopedia.com )
It goes something like this: 1) Every ten hours worked hourly at $40/hour, has a Net Present Value of $400. #2) Recurring revenue of $10/month discounted at 6% interest, has a Net Present Value of $483.21.
Simple summary: It is better to spend 10 hours finding or building a $10/month affiliate program than working for $40 per hour.
Partially inspired by "The Infinite Banking Concept", a ridiculously simple concept floating around as "revolutionary".