How to Make a Million Dollars. I don't make your life, I make your life better. The personal finance blog of a young professional saving 1 million dollars for retirement. This site focuses on saving money, making money, investing money, and increasing net worth.
It pays to show up
Yesterday I received a check for $100 for perfect attendence at work. Not bad, considering I was just doing my job.
Save money on taxes
Save yourself money by doing your own taxes. Figure out your taxes both ways, with standard and itemized deductions. Read the new rules for this year. I recently did the taxes for my wife and myself and we were able to save a lot of money be itemizing our deductions. Remember to read through the booklet and keep good records (you'll need a file to keep receipts for purchases). H&R block offers a free EZ-file for Federal taxes. Do you taxes right, send them in and use your refund to invest in your future.
How to get out of debt
If you want to make money the first thing you need to do is assess your net worth. If your liabilities are more than your assests then you are in debt and have a negative net worth. The best way to get out of debt is to make a plan to pay down the loans with the highest interest rates first, or consolidate all your loans into one fixed rate loan. One site with great information is here at Debt free living. Click the link and check it out.
Debt Free Living. Eliminate Debt. Free Household Budget - Self-help plan, ideas, and resources for household budget planning, debt management, frugal and debt free living. Money saving tips for groceries, clothing, gifts, monthly bills, home decorating and much more.
Debt Free Living. Eliminate Debt. Free Household Budget - Self-help plan, ideas, and resources for household budget planning, debt management, frugal and debt free living. Money saving tips for groceries, clothing, gifts, monthly bills, home decorating and much more.
Make money with Ebay
Again I will recommend using Ebay, or any other online auction site to sell things that you don't use but are of some value. Go through your bookshelve and closet, pick out books you've read and clothes you haven't worn for over a year. This can bring in a small some of money depending on how much stuff you have sitting around that house collecting dust. I'm currently selling some of my old books online and bringing in a nice profit.
You can make money with online surveys
Click the link above to check out some paid online surveys. This site provides good reviews and decent information. Did you know you can Get Paid For Your Opinion
Keep track of your investments
Here's an excerpt of a great article from Best Life Magazine Online written by Jeff Wuorio
Six Key Money MovesA 20-minute review like this one, done monthly or at least quarterly, will give you peace of mind from knowing exactly where you stand financially and allow you to adjust accordingly with swiftness and confidence.By: Jeff Wuorio Most men treat their investment portfolios the way they treat loose change: The money's all scattered around, tucked away here and there; some of it's right where we need it, and some of it's under the sofa cushions. Consider your own portfolio. Chances are, you've spent the past 15 or more years investing, securing assets, and building substantial wealth. But do you really know what you have, where it is, and how it has performed? With stocks you can't even remember buying and money-market funds with various brokerages, it's easy to join the throngs of disorganized, careless investors. Just 21 percent of active investors regularly review account statements, read prospectuses, check out the backgrounds of their brokers, and have a financial strategy, according to a poll of 2,000 people conducted for the federal Securities Investor Protection Corporation. Not staying on top of your finances is a major source of mental (and marital) stress. Who needs that? Here's a simple strategy to organize your financial life and improve the health of your wealth in just 20 minutes.
KNOW WHERE YOU AREReview Sit down at a large table with all of your financial statements, and list your assets on a legal pad. Be as exhaustive as possible: Review such holdings as money-market funds, 401(k) earnings, and college savings accounts. Count Add up the number of mutual funds you own. According to the Investment Company Institute, the average American investor holds four mutual funds. How many do you own? Double that? Triple? That's a red flag that your portfolio may be spread too thin. And you may find you have duplicate investments with several brokerages. Consolidate If, for example, you own several money-market funds in different brokerage houses, take a few minutes to move all of those liquid assets under the same roof. It takes just a phone call or Web order. Not only will you find your assets easier to track, but you may also save some money on annual fees. For instance, Schwab charges $45 per quarter for basic accounts worth less than $10,000 -- evidence of how maintenance fees from a few investments scattered about can add up. Look to consolidate other holdings, such as stocks, funds, and bonds, so they're less expensive and less time-consuming to follow.
GET RID OF PAPERHave your account statements delivered via e-mail rather than snail mail. It takes just a few minutes to authorize paperless delivery, and it's a smart choice. Why? First of all, you'll save time by avoiding bales of paper statements that you'll eventually have to shred. If you can download your electronic statements into a financial-planning program (a solid one is Quicken 2006), tracking progress and potential problem areas becomes much easier and more time-efficient. Second, now that identity theft tops $52 billion annually, digital transactions are safer than paper ones. According to a recent study by Javelin Strategy & Research, of
Six Key Money MovesA 20-minute review like this one, done monthly or at least quarterly, will give you peace of mind from knowing exactly where you stand financially and allow you to adjust accordingly with swiftness and confidence.By: Jeff Wuorio Most men treat their investment portfolios the way they treat loose change: The money's all scattered around, tucked away here and there; some of it's right where we need it, and some of it's under the sofa cushions. Consider your own portfolio. Chances are, you've spent the past 15 or more years investing, securing assets, and building substantial wealth. But do you really know what you have, where it is, and how it has performed? With stocks you can't even remember buying and money-market funds with various brokerages, it's easy to join the throngs of disorganized, careless investors. Just 21 percent of active investors regularly review account statements, read prospectuses, check out the backgrounds of their brokers, and have a financial strategy, according to a poll of 2,000 people conducted for the federal Securities Investor Protection Corporation. Not staying on top of your finances is a major source of mental (and marital) stress. Who needs that? Here's a simple strategy to organize your financial life and improve the health of your wealth in just 20 minutes.
KNOW WHERE YOU AREReview Sit down at a large table with all of your financial statements, and list your assets on a legal pad. Be as exhaustive as possible: Review such holdings as money-market funds, 401(k) earnings, and college savings accounts. Count Add up the number of mutual funds you own. According to the Investment Company Institute, the average American investor holds four mutual funds. How many do you own? Double that? Triple? That's a red flag that your portfolio may be spread too thin. And you may find you have duplicate investments with several brokerages. Consolidate If, for example, you own several money-market funds in different brokerage houses, take a few minutes to move all of those liquid assets under the same roof. It takes just a phone call or Web order. Not only will you find your assets easier to track, but you may also save some money on annual fees. For instance, Schwab charges $45 per quarter for basic accounts worth less than $10,000 -- evidence of how maintenance fees from a few investments scattered about can add up. Look to consolidate other holdings, such as stocks, funds, and bonds, so they're less expensive and less time-consuming to follow.
GET RID OF PAPERHave your account statements delivered via e-mail rather than snail mail. It takes just a few minutes to authorize paperless delivery, and it's a smart choice. Why? First of all, you'll save time by avoiding bales of paper statements that you'll eventually have to shred. If you can download your electronic statements into a financial-planning program (a solid one is Quicken 2006), tracking progress and potential problem areas becomes much easier and more time-efficient. Second, now that identity theft tops $52 billion annually, digital transactions are safer than paper ones. According to a recent study by Javelin Strategy & Research, of
Be Proactive
In order to make money you have to act. The key is action. Take action. You can not sit back and think that money will just flow to your wallet. You need to do some work. Create a blog and tell everyone you know to visit it, and share the link with their friends, and their friends etc. In order to keep people coming back you need to provide excellent information, or at least be interesting. If you are not good at writing, get better. One way to bring more people to your website is through advertising and good articles. It will take some time for your site to have enough information to be deemed worthy by the main search engines.
Write an Ebook
I have recently discovered a new way to make money. It is easy and painless, and just requires some knowledge of a subject and some time. During my search of money making opportunities I ran across a review site which has been very helpful http://www.onlyreviews.com/index.html . Here you will find an honest review of many "schemes" what to watch out for and what is legitimate. Through this site I was introduced to the idea of writing an Ebook. Shipping is free, and you only have to produce the product once. Sounds like a good deal.
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