How long do you plan to work?
In a very depressing recent article on CNN Money entitled “Delaying Retirement: 80 is the New 65”, it was reported that at least a quarter (1 in 4) of middle class Americans are failing to prepare for their retirements and will likely work until the age of 80. Keep in mind that the average life expectancy of a person is only 78.
Here are some more sad facts that were quoted:
• The respondents (ages 20 to 80) had a median savings of $25,000. However, their median retirement savings goal was $350,000.
• 30% of people in their 60’s had saved less than $25,000 for retirement.
• Three-fourths of middle-class Americans expect to work throughout retirement (Remember: If you work through retirement because you need the income, then you aren’t truly retired yet)
Have you ever considered that the hobby of blogging could lead to a six-figure income? Although it sounds crazy, that is exactly what happened to blogger Darren Rowse. Starting with a website about his hobby in photography, Rowse went from earning a few dollars a month to earning enough to quit his full-time job.
With the help of fellow blogger and co-author Chris Garrett, Rowse decided to publish a book entitled “ProBlogger: Secrets for Blogging Your Way to a Six-Figure Income”. The book is a collection of tips and advice on the art and business of building a blog. It not only provides several introductory step-by-step processes for getting started and keeping your blog running, but it also provokes many questions about what type of subject you’d like to write about, how to keep things interesting, etc.
Category: Blogs & Internet Sales
/ Tags: affiliate marketing
, Chris Garrett
, Darren Rowse
, David Lindahl
, Get Rick Click!
, Jonathan Rozek
, Marc Ostrofsky
, passive income
, Search Engine Optimization
, The Six-Figure Second Income
This one comes courtesy of my wife, courtesy again from the blog “Mama Cheaps”.
“Discount Mags” is running a Black Friday Magazine Sale from now through November 27 with some very unbelievable deals on magazine subscriptions; 80 to 90% off the normal price for 1 – 4 year subscriptions! Perfect for Christmas gifts!
I’d like to be the first one to give you a gift this Christmas season: My free, downloadable Christmas Present Planner.
If you really want to save money this season, the first thing you need to do is get organized so you don’t over-spend. This handy Microsoft Excel file will allow you to keep track of both your initial budget and the amount you actually spent on each individual. Overall, it will help you keep your spending on track and make sure that everyone on your list is well taken care of.
Category: Savings & Budgeting
/ Tags: budget
This is one of those books that proves that great advice is timeless.
For anyone new to this title, “How to Win Friends and Influence People” is a book about exactly what the title suggests: Using psychological techniques and strategies to effectively connect with other people. The advice is not only intended to help you get along with people, but also how to persuade them in a non-confrontational way. Although this book was written in 1936, it is still just as effective as ever.
The book was written by the now famous Dale Carnegie. Born into poverty, Carnegie became a well known author and public speaker on the subject of self-improvement. Today the Carnegie name is used to promote several public speaking courses that are taught according to his teachings.
When I was younger, my bank had this thing called a “Christmas Club” program. The way it worked was I’d sign up for a set amount of money I wanted to save for Christmas ($100 – yeah, I know big spender – I was about 10 years old) and then I’d receive a small book with 50 payment slips ($2 each). Each week throughout the year, I’d pay off each of those slips. As part of the program, the bank would pay the last one. Although this wasn’t a groundbreaking investment (about a 2% return), it did teach me a little something about saving and preparing for Christmas:
• Christmas is a lot easier when you save little by little throughout the year
• Getting free money for the act of saving isn’t bad either
Now that I’m all grown up, I have a little different strategy for getting ready to make my Christmas purchases. Basically, I now use multiple streams of cash back, rewards, and other programs to finance my gifts. Although this takes a little planning and approach, it’s well worth the effort.