Archive for January 31, 2013

4 Passive Income Ideas I Learned From Robert Kiyosaki

January 31, 2013 / / 26 comments

passive income ideasThe following post was provided by guest contributor (and very talented musician) Ardiv Jauhari.  If you are interested in being a guest contributor for My Money Design, please feel free to contact me.

When it comes to financial freedom, millions of people will tell you millions of different things. But a lot of times, the advice is only worth about as much as you paid to get it. In other words, how come so called “financial experts” have made far more money from peddling their books and tapes than they have in the financial sector or in the real world itself?

With Robert Kiyosaki, though, it’s all different. Here’s a financial expert who truly knows and understands the inner workings of money, finances, and more. And in fact, some of the major passive income ideas that he advocates are things he’s actually done, gotten rich from, and is teaching you to do now.

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Category: Philosophy & Motivation / Tags: ,

Tips and Tricks for How to Save on Gas in 2013

January 30, 2013 / / 5 comments

Save on Gas The following post was provided by a guest contributor.  If you are interested in being a guest contributor for My Money Design, please feel free to contact me.

It’s no secret that everyone wants to save on gas as much as possible.  Who doesn’t want to put a few bucks back in their own pocket every now and then?

But, the truth is that most people are more interested in complaining about it than actually being proactive and seeking out solutions that will save them money on gas. Waiting for gas prices to go down is not going to get you far. However, if you put in a little time and effort, you will be surprised how many opportunities there are to reduce the amount you pay for gas.

 

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Category: Savings & Budgeting / Tags:

Is the Conventional System to Create Wealth Rigged?

January 28, 2013 / / 31 comments

create wealthI’ve got a confession for all of you: I’m getting impatient! It was approximately 10 years ago that I first learned what a 401k was (I had never even heard of one before) and began my first steps towards saving for retirement.

Like many of you, I knew the path to create wealth would be lined with hard work, lots of saving, and choosing the right investments. I took the conventional financial advice and began with a modest 10% savings rate. It wasn’t until the last few years that I’ve tried to accelerate my results by bumping my savings rate to extremely high amounts.

So is it any wonder that when I look at my 401k balance and see how long I have to go that I feel I’m playing a rigged game? Sure if I stay the course I might have a decent nest egg in 20 to 30 years? But what about NOW? What if I’d like to experience financial freedom sooner rather than later? Isn’t there a better way to build your wealth beyond simply saving for the next +30 years?

 

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Category: Retirement / Tags: , , , ,

Video Conferencing Benefits for Small Business

January 27, 2013 / / 2 comments

video conferencing benefitsThe following post was provided by a guest contributor. If you are interested in being a guest contributor for My Money Design, please feel free to contact me.

Running a small business can come with so much pressure. The need to constantly balance the books coupled with limited financial room for manoeuvre can give anyone working for an SME (small and medium enterprise) a headache that seems impossible to shift. At a time when many companies are struggling financially, it pays to find something that will reduce costs and increase profit margins.

 

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Category: Career / Tags:

How I Made $1,200 with One Phone Call

January 26, 2013 / / 30 comments

How I Made $1,200Ask and you shall receive, right?

Anyone who has never experimented with this mantra is missing out. It never ceases to amaze me how often I receive things at a discount simply because I asked for it. (Making deals with customers at my job has taught me that pretty much the price on anything is negotiable).

Well … this one has got to be up there as a shinning example of why you need to try this.

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Category: Weekend Wind Down / Tags: , , , ,

When You Need Fast Cash Now and Where to Find It

January 25, 2013 / / 3 comments

fast cash nowThe following post was provided by a guest contributor. If you are interested in being a guest contributor for My Money Design, please feel free to contact me.

Not everyone is prepared to deal with a hardship. Sometimes we get so caught up in living paycheck to paycheck that we forget to save for the times when we’ll need it the most.

If you’ve ever found yourself stuck in one of these situations where you need fast cash now and didn’t know where to turn, fortunately there are alternatives to taking out a high-interest payday loan or selling your possessions to a pawn shop for well below market value. Here are a few tips that will help:

 

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Category: Credit / Tags: , ,

What is Financial Freedom – The Easy to Follow Explanation

January 24, 2013 / / 28 comments

what is financial freedomThe tagline to My Money Design has always been designing financial freedom. For as long as I’ve been into reading financial books and blogs about money, I’ve seen a lot of them try to answer the question of what is financial freedom. However, I feel as though the weight of this term often gets lost or trivialized.

In this post, we’re going to layout a definition for financial freedom and explain where we need to focus in order to achieve it.

 

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Category: Philosophy & Motivation / Tags: , , , , , ,

How to Go from Hobby to a Business – An Infographic

January 23, 2013 / / 6 comments

From Hobby to a BusinessReaders, its infographic time!

If you’ve ever thought that your hobby might really be worth something, than you’re not alone. Lots of people have taken their love of whatever it is they like to do to the next level by turning it into something of value to others. Facebook? Apple? Virgin? All were started as something that the founder loved, and it grew into something much larger.

 

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Category: Career / Tags:

Rethinking My Strategy for What Stocks to Buy This Year

January 21, 2013 / / 20 comments

what stocks to buyOne thing you will learn in investing is that nothing is ever absolute and that rules are made to be broken. With that said, I’ve been giving a lot of thought as to what stocks to buy this year and my previous declaration to use the Dogs of the Dow strategy.

As I get closer to actually making a purchase, I’m starting to reconsider my initial plan and may have an alternative solution that would make more sense. Here’s is where my mind is at:

 

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Category: Stocks & Investing / Tags: , , , , , , , , , , ,

Getting to Know the World’s Diamond Production by Country

January 20, 2013 / / 3 comments

diamond production by countryThe following post was provided by a guest contributor. If you are interested in being a guest contributor for My Money Design, please feel free to contact me.

Diamonds are arguably one of the most beautiful and sought after precious stones in the world. Even though any one of us can go to the jewelry store to buy one, we sometimes forget about where they come from.

Diamond mines are found on every continent on the planet. Europe, Antarctica, Africa, Australia and South America are perhaps some of the most famous. However, when considering all the ways to invest diamond, a potential investor should consider understanding mining nations in slightly more detail. The highest levels of diamond production by country are not necessarily where you might think.

 

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Category: Popular Trends / Tags:
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