I know I hardly post here. It doesn’t mean that I’m entirely gone, though. It’s just that I have life matters in the way as well.
That being said, I plan to renovate this blog. I already began with much smaller tweaks. But very soon, I’ll have reorganized categories, deleted or edited posts and where they belong, etc. The other thing I noticed is how much change the WordPress website went through that I now have to adapt and make sure I’m streamlined.
Essentially, I’m going to try and turn this blog into my main website, and do my damnest to organize it as both, a library of all my written work, and as a platform to the world representing me at the core.
The webs.com site that I’m sort-of using now, even though it’s been pretty damn dead, just adds more clutter to my web stakes. I can already do a good deal of things on this site better than I could on that. And without too much limitation either.
So, in a nutshell: I’m renovating this site. And of course it will take a long time because I have a lot of material to rummage through, in between life’s follies.
Jah bless, gang! :]
I had a cute idea of writing a pamphlet on the different money-management strategies I have employed and learned throughout my life with wealth-building in mind.
Then I remembered I had a blog. So I’ll put it up here.
In fact, screw it… I’m also going to tell you that this one post sums up about a few hundred dollars worth of literature I grabbed at the library that all taught me the same damn rhetoric.
- Always remember: Your income must exceed your expenses; ideally by light-years, but go as far as you can.
Remembering this engages you to think of how you can cut your expenses, and/or increase your income. If your expenses are too high or your income is too low (even if your expenses are lower), you are sort of pushed into finding ways out of the squeeze.
I once heard a statement that goes, “it’s not what you make, but what you keep”. This is a half-truth… Consider that if you don’t make anything, what the hell can you save? You need income; bottom line.
- If you are making anything, save what you do make for later uses.
Saving, or as most books like to call it, “paying yourself first”, is almost essential. Ultimately, it’s up to you what you do with the money. Maybe buy that gadget you want, or invest, or safe-keep it, or whatever. The idea is you have money at the ready.
- Invest ONLY in income-oriented funds, that have a nice, steady, gradual, and dedicated history.
Common financial advice says to invest in growth early in your life because you have time to weigh out the fluctuations and gain a part of that overall rate of growth since the stock exchange recorded its history… Not me; I want the money I threw away my precious time commodity on to have superb (note: not perfect) stability, and more importantly, build me some income.
- Use a cash-back credit card with no annual fees or other bullshit on everything you spend, from groceries to bills to taxes to toys to anything. And pay it all off after the fact.
Consider buying exactly everything you do on a normal basis with a plain card, or even cash. Now suppose you got money back just from making that payment. Whether you call it a reduction on your expenses, or a stream of income, is up to you, but the idea is why not cushion the blow?
My only exception to this rule is gasoline. Companies have gotten notorious for adding to the charge card an extra $0.10+ on top of what it would cost to use paper cash… Even if it’s a debit card… Unless the gasoline is the lowest price in the area, and you are charged the same price between cash or charge, then and only then is it the best move to use the card.
- If you can, max out your retirement account per year.
You’re going to get old one day. Why not get ahead of the game and get some tax-free income building on itself over the years?
- Pick up every damn coin/dollar you find on the ground.
There is more money in the ground than in circulation. What would it hurt you to tap into this source for an income?
- Use Coupons.
I hate seeing things like food or toiletries go to waste because no one’s buying them. I’ve seen party goods get thrown out by the bulk, so I can’t imagine food… But I don’t blame it happening when there’s a high price. Use a coupon, knock ‘em down, and get it as cheap as possible.
- The best way to shop is to shop around for the best deal.
Note every gas station or supermarket on your commute. Compare the prices on the stuff you normally buy. Grab the cheapest deal.
- If you live with others, consider a financial alliance.
You’re all in the same place, so why not pay for the same shelter, food, and other common goods in the household? Everyone gets to use it, and pay cheap for it. You might even consider doing something like a household tax system.
Another fun idea, if possible, is to work an agreement out with any friends who are on the commute to your work and back, to basically camp there to help cut commute costs.
- If your workplace has amenities, use them.
Suppose where you work has a locker room and a shower handy… Why spend your water bill at home when you’re already there?
- If your career offers benefits package, milk ‘em dry.
Plain and simple. If you can get free this or discount that on something you need or want, use it.
- Research the snot out of any prospective engagement you get into.
Feel like getting into business? Perhaps that stock is interesting you? Whatever it is, research it, because your cash is going in on it. Why lose it to an ugly scheme or miscalculation?
- Debt is a dangerous fucking tool to use in an unsteady and no-guarantees economy. Unless you absolutely know what you are doing with it, stay away from it like the plague.
Debt is debt. Whether good or bad is purely anyone’s own judgment. The idea is you borrow money because you need it right away, then put it to use, and you pay it back over time. But the whole “interest” thing changes the entire ball-game. Now it’s an industry to lend, just from that principle (it’s called ‘banking’). If you’re going to borrow, your best bet is to put it into something that either generates money back; or is worth something to you and manage the hell out of its stake in your finances. For example, we all need a car to get to work to build our income, but you shouldn’t pay top-dollar on payments that could easily translate to your gas money instead. Again, do some shopping, preparing, and researching… Remember, they get rich off your back.