This week: how to buy life insurance, the secret to succeeding at absolutely everything, understanding quantitative easing and tapering, crazy frugality ideas from "Extreme Cheapskates," and mini-tasks to improve your finances.
[Moolanomy] Rather than trying to accomplish monster goals, the author of this post suggests you try a different approach: “Achieving financial success is making the commitment to take a series of small steps in the right direction.”
Among the 50 small steps suggested are tracking expenses, checking your credit, cutting your landline and starting to invest. Check out the post for a lot more.
[Narrow Bridge Finance] I’m not a reality TV fan, so I haven’t seen “Extreme Cheapskates” or other such shows. After reading this article, I’m glad.
Did the people in these shows really do things like taking other people’s leftovers from restaurants, using washcloths instead of toilet paper, and dumpster diving? OMG. If these things are true — a big “if” when it comes to reality TV — these people don’t need a show. They need psychiatric help.
[One Cent at a Time] If you’ve watched the news, especially financial news, you’ve no doubt heard about quantitative easing and tapering. But if you can’t quite wrap your mind around what they mean, this post will help.
Quantitative easing is what the Federal Reserve has been doing for several years to keep interest rates low in hopes of stimulating the economy. Tapering is simply backing off that process. But if you want to understand the mechanics, this article will help.
[PT Money] From researching how much insurance you need to making your first premium payment, this article gives you the steps you’ll take to land a life insurance policy. If you’ve bought life insurance before, it will serve as a reminder. If you haven’t, it’s a must-read.
[Wise Bread] Talk about a compelling headline!
So what’s the secret? Being determined, developing a “growth mindset,” embracing failure, and not having too high an opinion of your abilities. While that may sound overly simplified, this article is a good read. Check it out.
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