Everyone wants to become a professional stock trader. Those who are skilled at trading make a decent profit without losing too much money. For the safety of the trading capital, you must follow a strategic approach and take the trades with proper discipline. As you gain more experience with this market, you will slowly learn to avoid the most common mistakes in the stock trading business. Sadly, the new traders in Hong Kong don’t even know what their mistake is. They are using the most aggressive method and trying to earn huge money without knowing about the key steps to take the trade. For this reason, some of them even blow up the account. Today we will teach you to avoid some of the common mistakes in the stock trading business. [Read more…]
Get These Kids out of My House! How to Find Affordable Summer Camps near Me
We love our kids, but when they have summer break it gets stressful. You’ve got work to do, leaving the tikes to their own mischief doesn’t sit right.
To Google you go and summer camps near me is your search intent.
You find a lot of results for camps but which one’s good? How can you tell if your kids will have fun while staying safe? Keep reading for answers to these questions.
Qualifying the Results of Summer Camps Near Me: What to Look For in Overnight Camps
Letting others care for your kids is already a stressful decision, and having your kids go to a camp for the summer is doubly so. You want your kids to have fun and learn a few things. Yet, you also want them safe and within reach.
Ask these questions when you touch base with an overnight summer camp:
1. What’s My Kid Like?
What are your child’s personality, interests, and hobbies? The answer to this question may determine what type of summer camp they’ll enjoy.
There are several summer camp types, like:
- Religious
- Art
- Sports
- Science
Talk with your child about what they’d prefer as this lets them meet peers with similar interests. Plus, they may learn and bring back something neat!
2. What Activities Do They Offer?
The different camp types offer different activities. Sports camps are self-descriptive whereas adventure camps may involve hiking, camping, and more.
Consider things like:
- Physical activity
- Thoughtful challenges
- Safety and wellbeing
Choose a camp that’s more than a babysitting experience. Look for a camp offering daily activities and weekly challenges. This will keep your kids entertained and help them get beneficial stimulation!
3. How’s the Experience?
Take these three steps when vetting the camp:
- Check their reviews
- Ask for referrals
- Visit the location
Online reviews or information found through camp websites answer your common questions. A referral from neighbors can help you rest assured you picked a great location. And, a trip there can confirm your thoughts.
4. What Are the Costs?
Forgoing fun experiences to save a penny may have lasting consequences. Your children should spend their youth exploring and discovering themselves. Try your best to balance the budget with summer camp costs.
- Look for online deals or promotions
- Ask about financial aid
- Seek camp/educational scholarships
It doesn’t hurt to ask, but mind your budget!
5. What If They Don’t like it?
Some kids dread the summer camp experience. They don’t like being alone at camp and rather spend time back home. That’s okay, but it does mean you could continue paying for something they’re not using!
Ask about the camp’s refund policy in case your kid doesn’t like it. Or, haggle for a partial refund if necessary. Choose one offering refunds to keep your investment safe (just in case).
Summertime and the Living’s Easy
So, you decided it was well worth doing the search for summer camps near me. You found a camp you and the kid(s) will enjoy, it’s safe and in the budget.
Use their break as a savings challenge while you’re focused on work. See our get out of debt guides to make the most of your kid’s time at the summer camp!
How Brian Paid Off $30,000 in Student Loan Debt His First Year Out of College
Any time someone chooses to seek debt freedom and succeeds in it is amazing to me. Dave Ramsey’s “debt-free scream” is always a heart-warming celebration to see online and speaking to people who have paid off debt always inspires me. Brian Meiggs’ story is yet another inspiration. He took the time to participate in a quick Q&A to share how he paid off $30,000 in student loan debt.
How He Paid Off $30,000 in Student Loan Debt
When it comes down to it, Brian was able to pay off his student loan debt by pure determination. When he graduated, that was his sole focus. He did not want that debt to have a hold over him for 10+ years, as it does with so many other graduates. Here is how Brian Meiggs got started on his journey and led him to debt freedom.
Q: Tell me a little about yourself. What inspired you to seek financial freedom?
A: My name is Brian Meiggs and I’m an entrepreneur who spends most of my time building finance-niched websites from the ground up and making them profitable. Some of my recent projects include My Millennial Guide, Saving Junkie, and SavingExpert.
I’ve always been a hustler. In college, I bought used iPhones and flipped them for a profit. I had a few corporate finance jobs after college, but I found myself bored and without a purpose. I knew I didn’t want to work a 9-5 until I retired so I looked for a way out. I started a blog and eventually, it took off, and now I do it full-time. I enjoy every moment of it and the freedom it brings.
Q: How much debt have you paid off?
A: I graduated from college with around $30,000 in student loan debt. Being a 23-year-old, that is a lot of money. I spent so much time building a rock-solid budget and maximizing my income in order to tackle this debt. I paid off all of my student loans within one year of graduating college. It was so liberating.
Q: How long had it taken to get to where you are financially?
A: It definitely took me a while to start making my desired income. I thought back and reflected, “man, I’m really doing it!” What helped me reach my income goals was looking at other bloggers who were making anywhere from $10,000 to $30,000 per month. I figured if they could do it, why can’t I?
It wasn’t until my 3rd year of blogging that I felt comfortable with quitting my day job. I was working as a Credit Risk Manager making around $85,000 per year. Once the income from my blog was making me more money per month than my job, I felt comfortable quitting.
I have a funny quitting story, but that’s for another time. Now, I’m making more than six figures per year with all my websites. I simply enjoy the financial independence and not the money itself.
Q: What was the key to your success?
A: My success came from looking at other bloggers who were successful and trying to make my website better. I’m at a tipping point where if I really want to grow, I’m going to have to hire a full-team to help with management. I really enjoy running everything myself but if I want to continue to grow, this needs to happen.
Q: What is the most important part of your finances?
A: The most important part of my finances is continuing to maintain the lifestyle I am currently living. I’m not opposed to splurging on things that I want or saving every penny. I recently purchased my dream exotic car (BMW i8) and I have no regrets about it.
Q: How do you stay debt-free now?
A: Staying debt-free is done successfully by spending less, finding additional sources of revenue and scaling that up, and having a budget that I actually follow.
Q: What is something you wish you could tell your younger self about money?
A: Money is passive. It comes and goes and while it can make you temporarily happy, creating memories and experiences whether solo or with friends and family, that’s more valuable.
Q: What is your favorite quote?
A: “The root of joy is gratefulness” – Brother David Stiendl-Rast
Q: Is there anything you would like to leave readers with?
A: I just wanted to thank you for reading my story and learning a bit about me. I would say the best way to invest is in yourself. Never stop learning or teaching yourself new skills. Every day you should be better than the day before. What do you want in life? Go out and get it. Perseverance is failing 19 times and succeeding the 20th.
Closing Thoughts
Looking at the success in Brian’s story and how he paid off $30,000 in student loan debt, I thought to myself, “Man, I wish I had done that!” Could you imagine starting out your adult life with absolutely no debt? Hopefully, sharing his story inspires other young people to consider doing the same or taking similar approaches to pay off debt and focus on financial freedom.
Readers, what do you think about Brian’s story? How would paying your student debt off immediately impacted your finances? Was it ever a possibility?
Read More
How to Plan a Virtual Baby Shower
The COVID-19 pandemic changed a lot of things for people. Mainly, it has changed the ways many of us interact with one another. Now, more than ever, there are virtual events taking place and people are “Zooming” in to join parties. If you’re expecting a new addition to your family like we are, you may be wondering how to go about planning a virtual baby shower.
Virtual vs. In-Person
There are plenty of pros and cons to having a virtual baby shower versus an in-person get-together. When you are considering which will be best for you, you should weigh each of the points below and think about what you’ll be comfortable with.
Pros and Cons of a Virtual Baby Shower
The main pros where hosting a virtual shower is concerned are reducing your risk of exposure to COVID-19. Although more and more people are getting vaccinated, it is hard to tell what is/is not safe. Additionally, if you have a number of family and friends out of town, it makes it easier for them to feel involved.
Cons of hosting virtually are more personal in nature, typically. You won’t get to take photos for your memory book or play any humorous games in person. It may also impact the types of gifts you receive. Many people tend to spend more when they are attending a shower in person.
In-Person Baby Shower Benefits and Disadvantages
There are not many cons to hosting an in-person baby shower other than potential exposure to the virus. You may also be concerned about the cost of hosting a shower. However, this is generally taken care of by a third party throwing the event for you. If you are more of an introvert, an in-person event may also cause you some anxiety.
The benefits of hosting an in-person shower are plentiful. You will get to see some of your close family and friends and celebrate the arrival of your new baby. It gives you a chance to play fun games with one another and truly enjoy the day. You may also find you receive more items from your registry (and more fun non-registry items) when you host something in person as well.
How to Plan a Virtual Baby Shower
When it comes to planning a virtual baby shower, you need to be creative. Virtual showers didn’t really exist until about a year ago, so ideas for games, activities, and what to do need to be thought up. Here are a few things to help you get started.
- Start an online registry. We started our registry on Amazon, which makes it easy for people to search, find what we are in need of/asking for, and send directly to our home. For folks out of town, this has been great! Target, Walmart, and other retailers also have online registries. Do some searching to figure out which one you like the most.
- Start a diaper fund. You can do this on Amazon’s registry fairly easily. If you aren’t registered on Amazon, consider creating a fund for diapers where people can contribute. In the first year alone, new parents will spend more than $1,000 on diapers. So, this is a valuable gift for people to give.
- Figure out who WILL be present. Even though you are hosting virtually, have a couple of friends or family over while you host the virtual event. This makes it less awkward when you are putting activities together, opening gifts, and easier for you to take those frequent bathroom breaks.
- Create a virtual invite. You can either do this via email or a Facebook event page. Have a way for people to virtually RSVP and a system for keeping track. Of course, there is less stress on the RSVP than if you were providing food and drink for everyone.
- Search for virtual games to play. This website has quite a few good baby shower game ideas that you can play virtually. One of the popular ones is “Guessing Baby,” which entails guessing the exact delivery date, weight, measurements, etc.
- Have a virtual message board. Allow your virtual guests to leave well wishes for the family and new arrival. Be sure you use a message board that you can readily gain access to. Some will even allow you to download the messages (which you may want to keep for your baby book).
What I’ve Decided to Do
While a virtual baby shower does have a lot of options, I’ve personally decided to hold one in person. We have a lot of local family and friends that will be excited to celebrate (and so are we). Of course, for our out-of-town folks, we will still be extending the invite and online registry so that they can be involved in the celebration if they can’t make it in person as well. It will be a day to remember with family and friends!
Read More
Debt-Free Wedding Planning and Prepping for the Year Ahead
Since my last personal update on the site, a lot has happened. First, we’ve announced to our friends and family we will be getting married this year (tentative November 2 date). Instead of eloping to Vegas, we decided to spend the money we would have on the trip and hold a ceremony here with everyone.
*Visibly Panics*
I’ve never dreamed of having a large wedding but, since announcing, I’ve gotten more excited by it day by day. But, of course, like everything with finances, it will be difficult. This is especially because we will be maintaining regular payments on all of our debt while putting together a completely debt-free wedding.
A Debt-Free Wedding
It is extremely important to both of us to not rack up any more debt planning a gathering for our family and friends. For this reason, we have vowed to pay cash for everything that has to do with the big day.
I’m thrilled about this and believe that if we buckle down on our spending we’ll be able to do this easily! Plus, we’ve got some awesome family and friends willing to help us make this dream come true. Here are a few things we are going to do to keep cost low.
- We are serving tacos. We both love tacos and they’ve grown in popularity in recent years. So, we will have a taco bar at our wedding. After looking at some catering places, we are expecting this will cost about $12.95 per person (much less than the usual $60+ we’ve been quoted elsewhere).
- Search for venues outside the city. Venues close to the city were priced at $6,000+ for a four-hour event. Once we looked outside the city, we found venues willing to rent their properties for two days for $2,100.
- Nixing the traditional cake. We will have a two-tier cake with cupcakes. This will cut the cost a bit but still give us the chance to get a photo of cutting our wedding cake.
- Make it kid-free. After some consideration, we decided to make our wedding a kid-free event. I found some tasteful language to depict that on the invites and (hopefully) our friends and family with children under 15 will be able to make arrangements.
- Skip the RSVPs. Many wedding sites (like Zola) will allow your guests to RSVP through your wedding website. This can save you $1+ per person on RSVPs. If some of your guest list isn’t very tech savvy, you can also offer them the option of calling you. Then you can log the RSVP in the site with the others.
- Wear a suit instead of a tux. Tuxedos rentals, or buying a tux, can be extremely expensive. Consider buying (or renting) a nice suit instead.
- Keep your wedding party small. We have limited our wedding party to four people: a maid of honor, one bridesmaid, a best man, and one groomsman. This will help keep wedding gift costs low and (for us) cuts down on the stress of planning.
- DIY your decorations. Pinterest is going to be your best friend if you are going to DIY your wedding. You can search different color combinations and theme ideas. Then grab the members of your wedding party and get to making some decor!
- Utilize the skills of family and friends. If you have family members that do photography, DJ, or plan weddings, don’t be afraid to ask them about helping at your wedding. Of course, don’t expect them to work for free, but they are likely to offer a bit of a discount.
- Take advantage of free services. There are tons of wedding planning websites and apps out there that will help you plan your event for free. Take advantage of these sites and any other freebies you can while you’re engaged.
Lastly, don’t panic. As I may have mentioned earlier in this blog post, I panicked a little when we first decided to have an actual wedding. However, the key to keeping things under control and within budget is to stay calm and think about your options. As we’ve been comparing prices of venues and different caterers, we haven’t given any answers or deposits right away. Instead, we take a moment to look at the budget as a whole and go from there.
Wedding Gift Plan
Of course, we are going to have a registry and will absolutely love any gifts we receive from our loved ones. We are also hoping to be gifted the best present of all: money. Any cash we receive for the wedding we’ve decided will go towards paying off our current debts. We will also start a small “honeymoon” fund so we’re able to take a trip later in 2020.
Overall, I’m beyond excited to plan this wedding and share it with you all. I also can’t wait to share how I’m able to pull off this debt-free wedding and share any tips/tricks I learn on the way. Lastly, I can’t wait to embark on this journey with my other half.
First comes love, then comes marriage, then comes financial freedom.
Readers, did you go into debt celebrating your marriage? How long did it take you to pay off?
Read More
Sell Smart: 6 Critical Tips for Selling Gold Jewelry and Coins
Did you know that the price of an ounce of gold has increased from about $333 in the 1950s to about $1,700 in 2020? The international value of gold fluctuates year by year, but it registered an upward trend in the last decades, making it very profitable for consumers to invest in gold.
Checking In With Yourself After The First Week Of The Year
Can you believe that we’ve already seen the first week of 2023 come and go? For many people, this is a hectic week. You’re getting back into your work routine after taking a break for the holidays. Most of the time, it is the same week your kids are headed back to school. The traffic is crazy. Life is crazy. Yet, we put these additional goals and resolutions on our plates. That’s why checking in with yourself is the best thing you can do to stay on track with your annual resolutions.
Why Checking In Is Important
There are a plethora of reasons why checking in with yourself is important, especially when it comes to goal-setting. Believe it or not, if you don’t check in on yourself, and your mental and physical health, you won’t reach your goals. More important than that, you can pinpoint why you set those goals and how the process makes you feel.
For instance, one of my goals is to lose weight this year, like many other people. In the past, I usually fasted, cut out large food groups entirely, and went about things in an unhealthy way. Of course, I started to try and do that again this year. After checking in with myself, I knew it would not be healthy to start the year out with an extended fast. Instead, I’ve focused my time and energy on making and eating healthy meals at home this week while cutting caffeine and sugar.
Checking in allows you to step back and assess everything from how you feel to how achieving your goals will make you feel. Most of all, it ensures that you are okay every step of the way.
How To Check In With Yourself
If you’re not sure how to check in with yourself, don’t worry! There are plenty of things you can do to check in and see how you’re feeling. Here are a few things I do to unplug and check on myself.
- Journal. Writing things down is a great way to get them out of your head. For me, it is a good idea to write down the things that are on my mind or the things that are worrying me/weighing me down. It allows me to get those thoughts out of my head and onto paper.
- Practice self-care. My favorite form of self-care is a nice hot bath with a good book. This allows time to unplug and check in with my body. Plus, reading is a soothing activity for me.
- Assess whether or not I’m overwhelmed. I’m ambitious and I like to set a lot of goals for myself. However, this can be more detrimental than it is good. Sometimes I need to take a step back and assess whether I’m overwhelmed or not and decide right then and there what can be taken off my plate.
- Take it one day at a time. This is the best advice anyone can give you! Some days are going to be great, you’ll make fantastic progress and work on all the good habits you’re trying to build. Other days, it’ll be great to just get out of bed and feed yourself. That’s okay too.
- Do something that brings me joy. Whether it is hanging out with a friend, curling up with a good book, or just a mug of hot tea, find something that brings you joy and do that thing. It is a great way to check in and give yourself a good mental health boost.
How often are you checking in with yourself and making sure you’re okay?
Read More
Growing Your Home Business
Are you finding good success with your part-time home business endeavor and you would like to expand operations to a full-time effort? If so, then you may wonder what you need to do in order to move to the next step. A logical search of the Internet will probably yield many success stories about similarly situated entrepreneurs who have been in your same ‘shoes’ and have undertaken such an expansion. The Internet probably would also be good for offering many tips to help entrepreneurs, such as yourself, navigate such a move. The following offers a few tips in order to successfully transition your part-time business into a full-time, home-based business success.
Use the Internet as a Resource
Many businesses, both large and small, utilize consultants to assist them with a particular project or an aspect of their operations. Hiring a consultant means that you gain a particular individual’s expertise and experience in helping you execute the vision for your business. However, as a small, part-time business, the cost of a consultant may be cost-prohibitive. But the expansive knowledge and well-documented experiences of these same types of consultants are available via the Internet for free. Thus, between the consultant articles and blogs, experiences of like-situated entrepreneurs and other pertinent information, you can gain some important assistance going forward just by knowing how to navigate and search the internet.
Financing Your Growth
As you attempt to grow your business, additional resources will be needed. These resources may require additional capital outlays. The cheapest way to finance this growth is with your own funds because there is no interest associated with a loan to yourself. However, if such self-financing is not available, then consider applying for a small business loan as soon as possible. Having the proper funding can be critical in the attempts to sustain the growth of your business.
Economies of Scale
An important concept to consider also as you try to ramp up your operations is that of economies of scale. Economies of scale say that as you produce more, you have to use fewer inputs to get more out. In order to transform your part-time business into a full-time business, you can look at areas where you can add in greater efficiencies to help the full-time version of your business succeed. Look at the things that you do well so that you can figure out how to do more of them. Likewise, look at the things that you might not be doing so great at and figure out what you can do to improve upon these areas.
Do a SWOT Analysis
The introspective review mentioned above actually goes a bit deeper with a full examination of your business’ strengths, weaknesses, opportunities, and threats (SWOT) analysis. Doing a SWOT analysis helps prepare a road map for what you want to see out of your business as this transformation goes forward.
Be Prepared to Revise as Needed
One of the keys to having success as you make the move from a part-time endeavor to a full-time effort is to be flexible. Flexibility is needed in order to help your business adapt to situations as they come up. Situations such as timely fulfilling customer requests, the need for additional financing/funds or re-evaluation of goods or services that you are offering are just a few of the areas that may require you to be flexible going forward.
If your home-based business has been going well and you think moving to a full-time effort will be able to sustain you financially, as well as intellectually, then you will be joining the ranks of many entrepreneurs who have also made entering the business world a successful transition. Working from home and being your own boss has many perks associated with it. Having home-based business success affords such a wonderful business opportunity. If you have the idea, drive and passion to go for success, just remember to be flexible in pursuit of that goal. If needed, and the option is available, consider applying for a small business loan to help sustain your business operations as you attempt to grow its success. In general, remember to utilize the tools and resources that you have available to you, including the Internet.
5 Things to Avoid to Live Debt-Free
Reaching financial freedom is far from easy. Only 29% of Americans consider themselves to be financially healthy. Once you obtain debt freedom, you want to be able to stay there. So, there are several things you’ll want to avoid to live debt-free.
1. Budgeting is Always Crucial to Your Financial Health
You had to budget to get out of debt. That doesn’t stop just because you no longer have creditors to pay off. In fact, budgeting is even more important once you’ve paid everything off. If you don’t set a budget you run the risk of racking up debt again if an emergency arises.
Remember that your budget needs to be 100% cash. Don’t consider your credit cards or any other form of money spendable.
2. Overspending is a No-No If You Want to Live Debt-Free
That directly ties into overspending. If you start considering the money available on credit lines to be spendable, it is more likely you’ll restart the cycle of debt in your life. You certainly don’t want that after all of your hard work to get where you are.
Instead, plan for bigger purchases and save up for what you want. You should also have a set budget for recurring expenses and other plans. Don’t deviate from that budget.
3. Don’t Stop Saving Your Money
Saving money isn’t just important during your debt freedom journey either. As mentioned in the point above, it is important to save money for large purchases and planned expenses. However, it is also always a good idea to keep money saved.
Having an emergency savings fund will keep you from tapping into credit lines if something comes up. Additionally, saving money can help you secure your financial future and ensure you’ll be able to retire someday.
4. Giving Up on Investing Isn’t an Option
When it comes to saving for retirement, you should also continue to invest while you live debt-free. Even though you may not have as much cash flow or you may be tempted to spend cash, it is a good idea to invest in a diversified portfolio.
Not only will this allow for you to have financial freedom throughout the rest of your life but it can help you expand your current finances. Avoid being afraid of the stock market once you’ve paid off your debts.
5. Neglecting Insurance Will Cost You
Renter’s insurance, homeowners insurance, car insurance, and health insurance. Purchasing coverage is important to protect your finances. In the event of an accident or emergency, these policies can help you avoid racking up debt.
Even though the monthly cost of insurance may seem like a pain, it can help you replace damaged items, restore your health, and protect your belongings. Without it, it is easy to swipe your credit card. Insurance is crucial if you want to live debt-free.
Readers, what else would you add to the list? How do you live debt-free?
Read More
How You and Your Family Can Save Money Around the Home
With the current state of the economy, it’s important for every family to do their best to save money around the home. This can help secure their financial future and make it possible for them to weather the years ahead, no matter how tough things get. Read on to see some of the methods that you and your family can use to save money around the home. These are going to prove to be some of the most valuable lessons that you learn about money.
Insulate Your Home Well
A home that’s properly insulated is going to be great for the environment as well as your energy bills. This is evidenced by the fact that a typical family spends roughly one-third of its yearly heating and cooling budget, about $350, on air leaking into or out of the house via gaps and cracks that shouldn’t be there. That said, perform an inspection of your entire home, especially around your doors and windows. If you find any cracks or gaps, either find a way to seal them yourself or talk to an expert to come and do it for you.
Maintain Your Home
While maintaining your home may feel like an expenditure that you can avoid, this is not the right move to make. That’s because when you ignore making fixes around the home that are necessary, you’re only postponing an issue that’s inevitable and giving it a chance to get a lot worse. Keep in mind that homeowners will, on average, spend between 1% and 4% of a home’s value each year on repairs and maintenance. These tend to increase as the house ages, with a home worth $200,000 costing at least $2,000 every single year. As such, you need to include home maintenance in your budget and you may end up making your maintenance expenditure regular and predictable.
Get the Right Window Treatments
Your windows can also play a considerable role as far as your energy bills go. With inefficient window glass accounting for 25% of the energy bill of a regular home, it’s clear that you can make savings by getting better window glass. Pair this with the right window treatments, such as shades and draperies, which will make a positive difference when used the right way. Closing them to prevent excessive sunlight from filtering into your home, for instance, will help you keep your home cooler. You’ll also keep your home’s interior looking good for a long time since UV can fade colors on upholstery and the natural finish of the wood. As such, you should spare some time to make sure that everyone in your family knows when to open and close drapes or shades if you install some.
Turn Off Unused Appliances and Lights
Finally, there’s no need to leave lights and electronics on if they’re not currently being used. This is because doing so means that they’re consuming energy while no one is actually using them. Your entire family can thus benefit from forming the habit of turning off any electronics that they’re done using. Take the savings a step further and buy power strips. These will make it easy for you to turn off all unused electronics easily and do away with the power-leeching that takes place when they remain on standby. You could also change your home’s bulbs to LED bulbs, which are going to be better as far as energy consumption goes.
With these tips, you and your family can make your home more energy-efficient. It’s worth forming these habits early on as your children will grow up knowing what they need to do to minimize energy use around their own homes.
- « Previous Page
- 1
- …
- 14
- 15
- 16
- 17
- 18
- …
- 45
- Next Page »