8 Things Wise People do.

My Advice….

 

Life’s Interruptions

 

 As we are going about our business and something new, unplanned, many times unpleasant, comes and takes us off the planned course we are, were on –Life’s Interruptions.

 

What do I do when life throws me a curveball?

What do I do when things don’t go as I have planned?

Ask Ruby  

8 Things Wise People do.

 

1. They spend less than they earn

They routinely spend less than they earn success for themselves to a life of becoming debt free.

Tip:  In other words, pay yourself first.

 

2. They live within a budget

They spend and pay their bills, with confidence, they live life with an expression of joy.  I know how much I make, I know how much I save, and I know how much I spend!  

Tip: The best way to budget is by using credit cards for all items that you can pay for with cash.  Pay all credit cards off at the end of the month.  Pay cash for any items under $25.

 

3. They buy what they need

They realize the difference between what you need and what you want.

Tip:  Buy everything you need and negotiate for all the stuff you want.

 

4. They buy quality

They pay the lowest price for the highest quality brands that have proven to stand the test of time.   

Tip:    Buy quality over brand name.

5. They buy in volume

They buy what they need at one time. Making numerous trips to one store almost always leads to over-spending.

 

Tip:  Make a list and check it twice.  Buy in bulk if there is a discount.

6. They use discount coupons and vouchers

They pay less for everything they buy.

Tip:  Use money-off coupons, loyalty cards and discount vouchers to save.  

7. They comparing prices

They use price comparison websites and other online tools to find the lowest prices.

Tip: Think twice about prices and be will to walk away.

8. They make money the hard way, they earn it

They know how hard it is to earn money, so they're not fooled by scams and cons that offer little return on their money.

Tip:  If it sounds too good to be true, then it probably is.

 

Dr.  Ruby Mae Chapman, The Wisdom Store, Napolean & Ada Moton Chapman Institute, Children’s Advocate, Scholar, Researcher and Writer - visit my blog:  http://ask-ruby.blogspot.com/ for more inspiring reading.

How to become a millionaire using three simple strategies

Strategy No. 1: Creating a budget  
The first step toward becoming a millionaire begins with the ability to save money. As the old saying goes, you need money to make money -- but it's incredibly difficult to save money if you don't understand your cash flow.
For those of you who are classic over-spenders, or who have difficulty sticking to a budget, one possible trick is to think of each budget category (such as entertainment) as having its own bank account, or even setting up separate jars with cash inside for each budgeted category. Even though you may have plenty of money in your checking account, if the money for your entertainment account runs out two days before the end of the month, then you're out of money. Period! This little trick can help you learn to live within your means so you can start saving for retirement early and often.
Strategy No. 2: Learn to reinvest your dividends

 

The second strategy involves utilizing the stock market to seek out solid businesses that pay healthy dividends. For those of you who are uncomfortable with the idea of picking out individual stocks, or who don't have the time to devote to researching individual companies, there are always electronic-traded funds, or ETFs, you can buy. As of December, there were more than 1,400 to choose from.
Instead of simply pocketing a dividend payment from a company or an ETF, consider taking your dividend and buying additional shares of that company or ETF. If there is a solid business model and investment thesis behind a company, there's a good chance its dividend will remain steady or grow over time. What this means for you is the ability to buy more shares over time, which can lead to an even bigger dividend, which leads to even more shares of stock.

Strategy No. 3: Minimize or eliminate what you pay in capital gains taxes
Once you've set parameters that allow you to save, and you've set your sights on dividend stocks for the long term, the final step in the process of how to become a millionaire involves using tax-advantaged tools to your benefit.
You may not be the next me, but if you utilize these three smart strategies, there's no reason you can't one day become a millionaire and claim your own slice of the American dream.

The Love of Money?

Money

Money will buy a bed but not sleep; books but not brains; food but not appetite; finery but not beauty; a house but not a home; medicine but not health; luxuries but not culture; amusements but not happiness; religion but not salvation; a passport to everywhere but heaven.