This week: Using a business manager, traditional and nontraditional ways to invest, 7 ways to change your financial situation, how to unlock your cell phone and how to teach yourself to love saving.
[Chip’s Money Tips] “There is a strange, yet popular phenomenon here in Hollywood. People hire a business manager to pay their bills and handle other money matters. The going rate is 5 percent of the person’s gross income.”
This is an interesting tale told by a blogger who took over a friend’s bills when his business manager dropped him because he wasn’t rich enough. What the author found out wasn’t surprising: The manager charged plenty, but did little.
This is a good story about how to streamline everyday expenses. But it’s also an inside look at how some one-percenters are much better at making money than handling it.
[Christian Personal Finance] “If you’re new to investing, you’re probably aware that there are literally dozens of asset classes you can invest your money in. To make it easier for you, we’ve selected 10 classes, and broken them down between traditional and nontraditional, with five assets in each category.”
This post offers a glimpse into typical investments, like stocks, bonds and certificates of deposit, as well as some that aren’t as mainstream, like peer-to-peer lending and real estate. If you’re a beginner, it’s a good place to start. (Then go to our Investing section for lots more.)
[Clever Dude] “Here are seven things you can do in the next 365 days to be in much better financial shape this time next year.”
While these seven things are no mystery, a gentle reminder never hurts. The list includes things like starting a budget, repairing your credit and starting an emergency fund. Check it out.
[Debt Roundup] “We did pay for the phones, so why can’t we use them where we want?”
This article contains details on how to unlock phones from AT&T, Verizon, T-Mobile and Sprint. You’re not actually unlocking the phone yourself. Instead, the author provides instructions on how to approach your specific carrier to ask them to unlock it. It’s a handy list of whom to call and what you’ll need.
[Wise Bread] “On one hand, I love saving because my endgame is always an investment that I’m confident will change my life for the better. On the other, saving causes me to cut back, miss out on certain activities, and otherwise frown … .”
If you find setting money aside a challenge, you need to read this one. The author suggests things like enlisting a “savings buddy,” setting compelling goals, establishing milestones, and thinking of your income in terms of specific goals.
What do you like?
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