[Credit.com] “As I searched for my future home, I played a financial game with myself. I’d soon be saddled with a $1,500 [per month] mortgage, so why not spend like I had one already? Why not pay a ‘pretend mortgage’ before my real one so I had a better idea of what it would feel like?”
This is really great advice. The author is suggesting that, if your mortgage is going to consume a lot more of your income than your current rent, you should experience the reduced income before committing.
Added benefit: The money you’re not spending on your “pretend” mortgage can be going into your real savings. See the post for more, then check out our recent story, “20 Tips for Buying a Home in the Best Location, Location, Location.”
[The Dollar Stretcher] “You’re burned out on your job. Or maybe you have a marketable skill, such as website designing, that you could do independently from home. When making rough calculations about your salary versus what your boss charges for your services, you know that your company’s earning boatloads of money while you slave at work.”
This is a rudimentary look at some of the things you’ll face should you go the self-employment route. It offers basic advice on things like initial business formation, deciding on a business, marketing, etc. Not a comprehensive article, but maybe a decent first step. If what you want is a side gig rather than full-time employment, be sure and see “50 Ways to Make a Fast $50.”
[AOL] “… the jacket’s left sleeve is a capacitive touchpad you control by tapping or swiping across it. An accompanying smartphone app allows you to set ‘abilities’ — so a double tap could start your music, for example, while a swipe up could tell you the time.”
I didn’t know there was “smart” clothing already about to hit the racks, but apparently there is. This jacket connects to apps on your phone, which presumably you’ll have nearby in your jacket pocket. Next clothing craze, or the latest addition to our list of “6 ‘Smart’ Devices That Are Just Plain Dumb“? Guess we’ll soon find out.
[Debt.com] “Whenever personal finance was brought up in the ensuing years, the shame would swell, and I would find myself terrified someone might find me out. Everyone would know how poorly I had managed my finances; that I had no savings; that I was behind on credit card payments; that I was a total fraud of a human being.”
If you’ve ever felt embarrassed or ashamed due to the way you handle, or mishandle, money, this is your article. The author talks about what it’s like and what she’s doing to stop both the shame and the behavior behind it.
I’ve seen it before. I’ve lost count of the number of people who have told me about their financial failures and the shame that accompanies them. What I always tell them: “Money problems are the rule, not the exception. It’s not the problems you’re having that matter. It’s how you deal with them.”
[Wise Bread] “According to the 2014 Judicial Business report, civil case filings in U.S. district courts grew 4 percent in 2014 to 295,310 cases. The odds are high that you won’t ever face a lawsuit, but the numbers aren’t low enough to guarantee that you won’t ever be sued, either.”
So what should you do if you get sued? According to this author, determine whether you need an attorney, study your insurance policies, prepare a defense and be ready to settle. Check out the article for details.
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