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Fixing Your Money Problems In 2018



Unless you were born into riches, you’ve probably dealt with money problems. It can be overwhelming at times. You can’t seem to make enough money.  No matter how hard you work you can’t seem to get out of debt. The anxiety caused by not having wealth is a real problem, but it does not have to be.

A little bit of financial literacy, time, and sacrifice can be all you need to get out of debt in 2018.

Value Over Everything

Don’t buy a lower payment, buy value: One of the biggest mistake people make is their inability to live in the reality of how much they make. Instead, they live in what they believe they can afford each month. Buying something based on its monthly value is one of the main reasons people don’t understand the value of money.

In other words, if you buy a TV that costs $1100 but financing it at $50 per month on your credit card, by the time you have paid it off, you will have paid almost twice its worth and by then its value will be obsolete. The idea is to buy things you can afford and a wise way to know if you can or cannot is to use the “10x Rule.”

If it is an essential item and it is unlikely that you can live without it, then simply divide its cost into 10 payments and if you can afford to make those payments, not the advertised ones, then it might be the right purchase to make. The important thing is to commit to that larger payment rather than the minimum payment allowed.

Review Your Transactions

You accept reviews with everything else in your life, from product reviews and job reviews. So take the same time to review your transactions monthly.  A great practice by most people who have full control over their money is to look back at their previous month or year to understand their spending patterns. No matter how successful or bad the year was financial, it is important to understand how to improve the upcoming year.

Look back at your past credit card expenses and understand your wasteful spending for the year so that you don’t repeat the same mistakes. With this practice, you’ll also be able to ensure companies who automatically charge your account did not charge you extra or in error.

Don’t Buy What You Don’t Need

If you don’t need it, don’t buy it: Exercising self-control is key to reaching financial freedom. One of the common mistakes people make around money is the inability to resist the upgrade effect. If you don’t need a new phone, then don’t buy the latest phone. Focus your purchases of electronics and leisure items to the basics you need. By resisting upgrading one simple thing, you are also training yourself to not fall victim to the system and constantly be upgrading everything else that isn’t needed.

Separate Your Accounts

Use a separate credit card for your daily expenses: While you may not want to open another credit card account, it may be necessary to help you take control of your spending. Putting everything on your credit card enables you to keep track of your spending versus using cash.

The important part is to make sure the card is paid in full each and every month without exception while keeping an eye on the charges and spending. Plus you can also be getting points for your daily expenses, which result in cash back or free travel that can help with vacation costs and enable you to save even more.

There you have it, four simple steps to take in December of 2017 to help you prepare and conquer your own money in 2018. These will help you not only understand your money better, but rather help you always position yourself in a manner that ends up putting you in a better financial position.


Stop Burning Money With These 5 Rules For Personal Finance



Of course, everybody wants to be rich and have an endless source of money. When most people think about wealth, their immediate thoughts jump to the billionaire lifestyle. You have seen it before the mansions, expensive cars, jets, and the vaults of gold. But this view of finance is unhealthy and can be holding you back from maximizing your wealth.

Expert financial adviser Trent Hamm recently broke down 60 key principles of personal finance. We put together the top 5 rules that can help you overcome some of your financial pitfalls.

Spend less than you earn

If there is a single fundamental rule of personal finance, it’s this. You have to spend less than you earn and put away that difference for the future so that you can still survive and thrive when you’re older and don’t have the opportunities and energy of today. Without your earnings being greater than your expenses, you simply cannot achieve big financial goals without some sort of miracle – and you should never bet your future on a miracle.

Don’t ever let your “future self” take care of your current situation

Do you ever tell yourself that it’s okay to make a bad spending decision right now because you’ll earn more money down the road? That’s a giant mistake, one you’ll almost always regret for a long, long time. Sure, your future self might have more income, but it’s also fairly likely that your future self might have less income and you’ll find yourself in a really bad situation. Even if your future self is doing well, there are probably going to be other big expenses that you’ll want to deal with at that time, like buying a house.

Build a budget, just for the process of building it right

A budget can be a useful tool for keeping your spending on track, but the most valuable part of budgeting is actually the process of building a budget correctly. How does one do it correctly? You build a budget based on looking at your actual spending over the previous few months.

How much do you actually spend a month on food? Entertainment? Utilities? Your car? Get real numbers, not estimates. Dig through your bank statements and credit card statements and figure it out. This process will easily show you the areas where you actually overspend, while just following a “cookie cutter” budget doesn’t show you much of anything. It’s an excellent habit to get into, especially since professional security can be unpredictable, and you may find yourself looking for new employment.

Request rate reductions on your debts, especially credit card debts

If you owe any debts, it never hurts to look into the possibility of reducing your interest rates on those debts. For credit cards, it’s as easy as simply calling up your credit card company and asking for a reduction. For other bills, such as student loans, a consolidation can lower your interest rate. With your mortgage, a refinancing can reduce your rate dramatically.

Lowering interest rates can both reduce your monthly payments and reduce the total amount of interest that you pay over the life of a loan, so any reduction you can get is a good thing for your wallet.

Don’t worry about how other people spend their money, either

If you see someone driving an expensive car, don’t use that as an excuse to feel jealous or to tell yourself that you, too, need an expensive car. You don’t. Just because other people choose to buy things or eat at certain restaurants or whatever else people in your life choose to do with their money does not mean you need to do it too. Make choices and spend money on things that build up the things you care about, not the things other people care about.

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Jay Z Joining A Group Seeking Alternative To Incarceration



The American justice system is broken with over 2 million citizens in prison and over 4 million on parole. What does that mean, by those numbers the America has over 5% of the inmate population of the world.  There are activist groups that are fighting every day to help make a positive change. Jay Z has joined the new group behind the Promise app to do just that.

The app-based program Promise looks to combat these problems by to creating “a cost-effective and more humane alternative to incarceration.” Jay Z’s Roc Nation has been announced as an investor.​

“Promise will help government agencies support those who would otherwise be in custody or who are on some form of community supervision-namely probation or parole,” the program wrote in its press release.

“We are increasingly alarmed by the injustice in our criminal justice system,” Jay Z said in a statement. “Money, time and lives are wasted with the current policies. It’s time for an innovative and progressive technology that offers sustainable solutions to tough problems. Promise’s team, led by Phaedra, is building an app that can help provide ‘liberty and justice for all’ to millions.”

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Lfty Is Testing A Subscription Service



Lyft was to change the ride-sharing industry with subscription service.

The terms of the subscription models seem to vary, but appear targeted at users who spend up to $450 on ride-hailing a month. One all-access pass offered up to 30 standard Lyft rides for $199 a month, another was priced at $300, and another at $399 for 60 rides. Individual rides up to $15 were covered under the all-access pass. It wasn’t immediately clear how users would be charged for rides that exceed $15.

Lyft CEO Logan Green mentioned these subscription plans were the future of his company during a press event Wednesday to announce a partnership with auto parts producer Magna to build self-driving cars. “We are going to move the entire industry from one based on ownership to one based on subscription,” he said.

This could be attractive to some riders, but don’t expect the vast majority passengers to drop that amount.

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