This is my second post during financial literacy month and I'm going to take on cash vs credit. One popular financial radio host, Dave Ramsey, has been a vocal critic of credit cards saying to never own one because you will spend more because it is plastic (strangely he advocates for debit cards instead). I don't believe this is the case but of course I strongly advise only using a credit card under two conditions. One: you are going to use it to replace your cash spending and no more. Two: you are going to pay the balance off in full every month and on time. If you are going to just pile up debts that incur huge interest payments every month, then this post is not meant for you.
IM 024: Lessons from a Financial Coach and Millionaire Next Door | Rocky Lalvani
Today, we talk with financial coach and millionaire next door Rocky Lalvani about living a balanced life, negotiating for savings, and why you should create a life plan.
3 Actionable Tips to get Financially Fit in 2018
As we near December 31st, many people are making their New Year's resolutions. I've never been a fan of resolutions, but last year my pants were getting tight in October and weren't helped by so many holiday treats. I made the decision to get in better shape. It was really more of a goal than a resolution but I digress. I bought a $20 Groupon to try out CKO Kickboxing for 6 classes and after my first class, I was totally hooked. I loved hitting the heavy bag and have been going twice a week ever since. In conjunction, I also focused on eating clean and enjoy having salad during most weekday lunches. I'm happy to report that after a year, my pants are no longer tight around the waist. The funny thing is that I've actually gained weight over last year but it is now muscle instead of fat. This year I'm tempted to write out more formal resolutions and goals to see what I can accomplish.
Since I write mainly about financial topics, today I will focus on 3 actionable tips to help you get financially fit in 2018. I know that many of you are worried that I'm going to go into budgets, planning, emergency funds, 401ks and other boring crap. But worry not, I won't mention any of these terms. I promise. Let's jump into the good stuff!
5 shopping tips for Amazon Prime Day
Amazon Prime Day just kicked off at 9pm EST so I thought I'd write you a few quick tips to take advantage of the deals ahead. Prime Day is Amazon's annual, summer version of Cyber Monday. Like any sale, you still have to be a smart shopper because they are trying to get you to impulse buy and just because they claim it's 50% off, it probably isn't anywhere near that great a deal. Last Prime Day, buying guide site The Wirecutter scanned nearly 8,000 advertised deals and found only 64 worth buying. Yikes!
