This week: Why a debt-free life is wonderful, spring cleaning your small business, why money doesn't always buy happiness, how to raise money-dumb kids and credit card tricks you should know.
[Credit.com] “[M]ost credit card users focus primarily on key terms such as the interest rate and annual fees, and rewards in the form of points, miles and cash back. But beyond these important terms, there are a lot of valuable things you should know about how your credit cards work and what’s possible for you as a cardholder.“
This article is chock full of valuable tips. They include changing the payment due date, ensuring the annual fee is worth it, capturing sign-up bonuses, never paying a fee without asking to have it waived and lots more. Check it out.
[The Dollar Stretcher] “Lots of articles try to convince you that raising money smart kids is a good idea, but you know better. Who wants kids who limit their immediate gratification by putting money in a savings account? And every parent knows life is a lot better if you shut your screaming kid up by buying her everything she wants, right?”
If you want your kids to be financial failures, here’s a how-to. Included are classic tips like buying them everything they want, letting them think there’s no relationship between money and work, discouraging saving and the ever-popular setting a bad example.
[Credit Sesame] “Despite earning a six-figure income, many high earners actually don’t handle their money very responsibly and often rely on credit cards as a way to achieve instant gratification by buying what they want when they want it.”
What’s the difference between someone who earns $50,000 a year and owes $10,000 on credit cards and someone who earns $500,000 a year and owes $100,000? Answer: Not a thing. That’s something I wrote 15 years ago in my first book, “Life or Debt,” and it’s what this article is also about. Give it a read.
[Nav.com] “Snow is melting and birds are singing – spring is on its way! Now is the perfect time to take a close look at a few important areas that can help take your small business to the next level.”
This website is my small business. If you’re a fellow entrepreneur, this is a good read. It reminds you to do things like put your vision down on paper, create an online and social media strategy, seek out funding and the most important thing: Have fun with your business!
[Wise Bread] “Credit cards and other loans can put what you want within financial reach, but a life without debt can be rewarding. Here are six ways life is frickin’ awesome when you’re not burdened by a negative net worth.”
Amen, brother. While true financial freedom is available to few, living debt-free comes close, and it’s available to nearly all of us.
How is a debt-free life awesome? Among other things, you can work less, retire younger, experience less financial anxiety, and you won’t surrender any of your hard-earned money to use someone else. See the article for more.
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