This week: how spending more can lead to earning more, the best ways to make money from home, why your finances are a mess, how you can beat the Wall Street pros, and investing basics that can make you rich.
[Len Penzo dot Com] “Hopefully, your finances aren’t as messy as my kids’ bedrooms. If they are, however, here are 33 reasons why that’s probably so.”
You can probably guess many of these reasons, like not tracking expenses, keeping up with the Joneses and spending more than you make. But take a look at the entire list. You may find a nugget that will help tidy up those finances.
[Money Crashers] “Good news: There are plenty of legitimate ways to earn extra money sitting right where you are right now. Some of them involve starting your own small business, while others mean working for someone else using your home as an office.”
We’ve done stories similar to this one many times (most recently here), but there’s always more to learn. This list includes freelance writing, teaching online classes, opening a bed and breakfast, working as a customer service representative, selling your crafts and more. Check it out.
[Money Rebound] “I have certainly felt on certain occasions in the past that taking more financial risks has helped me earn more. I’m not talking here about placing my entire salary on black or buying 1,000 lottery tickets. No, what I mean is that it sometimes seems to pay to take a chance on something different.”
This article isn’t suggesting that you hit the mall in order to earn more money. It’s talking about spending money on things like education, appearance and relocation, any of which could ultimately bump your income. Good food for thought.
[Money Ning] “Chris Camillo, the author of ‘Laughing at Wall Street,’ … believes that every day, people can invest in what they know and make potentially huge profits. ‘I think it’s important for ordinary people, like myself, who don’t work on Wall Street, to leverage a skill set to have an advantage over Wall Street,’ he says.”
I loved this article because I’ve used the advice myself. Shortly after the turn of the century, I invested $1,700 in Apple simply because I saw everyone buying iPods. (Not me, however. I thought they were way too expensive.)
Today that investment has grown to more than $100,000. Investing in what you know: simple, but effective.
[Wise Bread] “If you boil all the advice down to a few key fundamentals, what’s left is a short list of true words of wisdom — real advice that’ll put more money in your pocket over a lifetime of investing.”
Nothing magic here. Start early, keep your costs low, use index funds, allocate your assets, and keep everything balanced. While I doubt the author of this post has actually become rich using this advice (he looks pretty young), I can testify that, over decades, it definitely works.
What do you like?
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