Search Results for “C_SAC_2415 Exam Questions Available At 25% Discount With Free Demo 😢 Immediately open ⮆ www.pdfvce.com ⮄ and search for ➤ C_SAC_2415 ⮘ to obtain a free download 🙎Valid C_SAC_2415 Exam Tutorial” — Page 31

5 Reasons Your Wealth Isn’t Growing

Wealth is an elusive goal for many people. Everybody wants it, but for many, it’s impossible to reach. Every time they get a bit ahead, something always seems to come up, forcing them to live paycheck-to-paycheck.

What’s happening? Why can’t you gather enough wealth to know where next month’s rent payment is coming from?

1. You spend more than you earn. This is the mystical and magical Golden Rule of personal finance. Every system, every plan, every gimmick boils down to this. If you spend more than you earn, you are digging a hole that keeps getting harder to get out of. Don’t do it. The amount you earn needs to be bigger than the amount you spend.

2. You aren’t investing. If you invest $200 per month at 5% in your 20s, then stop and let interest do the rest,you’ll have as much after 30 years than if you started at 30 and continues to invest every month. Compound interest is very much your friend. The earlier you can start investing, the better.

3. You are investing in the wrong things. Some things are bad investments. Uncle Bob’s annual get-rich-quick scheme is going to be a bad idea every year. That’s not an investment, it’s pity. Another example is gold. Over the last year or so, that seems like a stupid thing to say, but it’s true long-term. Gold isn’t an investment, it’s an inflation hedge. Generally speaking, a given amount of gold represents the same amount of purchasing power all through time. To put it in simpler terms: 100 years ago, an ounce of gold could get you a nice suit and a good dinner. Today, that’s still true.

4. You aren’t saving. If you are spending less than you earn, what are you doing with the excess? Hopefully, you’re investing it, but keeping a stock of cash is a zero-risk savings account is a smart plan. It’s been said that when you don’t have an emergency fund, everything is an emergency. Have a cash reserve gives you the ability to not only deal with all of life’s little kicks to the crotch, but also lets you take advantage of the opportunities that may cross your path. A coworker needs to unload that big screen TV for 10% of what she bought it for? On it. Find a great deal on airfare to your dream destination? Bon voyage. Savings means security and opportunity.

5. You keep your debt. Debt is the biggest drain on wealth. Every penny you have to spend to service your debt(interest) is a penny you can’t save, invest, or otherwise enjoy. Carrying a balance is a fast way to immediately raise the price of everything you purchase, by 5%, 10%, or more. Debt and interest will hold you back financially like nothing else.

When you’ve been able to acquire a bit of wealth, you are better able to weather life’s bumps, dips, and face-flung poo. There’s nothing quite like the feeling of knowing that, no matter what happens, you aren’t going to struggle financially.

Money-Saving Tip: Put Your Groceries Away

Finance

23 Hour Smoked Boston Butt — Image by bbum via Flickr

Last night, we went grocery shopping. I found a beautiful pork roast, just begging to come home with me. It could spend all day Sunday in the smoker. Rub some brown sugar and garlic on the outside, maybe use a mix of maple and cherry wood chips to turn my pork butt into breakfast food. Picture this: a beautiful chunk of slow-cooked pork butt, covered in a candied crust, falling apart at the lightest touch, and tasting faintly of maple syrup.

It was love.

This morning, I woke up, walked into the kitchen to make some breakfast, and saw that beautiful butt sitting on the counter. Room temperature meat, ruined by my negligence. $15 in the trash.

We got back late last night, and apparently set this wonderful piece of future-food down with the non-refrigerated items were were planning to put away later. We said good-bye to the sitter, chased the kids to bed, picked up the house a bit, and forgot about my new love.

I’m sad.

Here’s my advice: When you get home from grocery shopping, immediately put all of the groceries away. Let the kids juggle knives for a bit, if you have to, but get the food put away. If that’s not going to work, at least take it all out of the shopping bags so you can check your work.

There are starving kids in Iowa. Don’t let potential candied pork roast go to waste.

Unsecured Personal Loans: Advice for First-Time Borrowers

Finance

One of the most difficult decisions you will have to make when applying for an unsecured personal loan is figuring out how much you should borrow and for how long. It is important to understand that the more you borrow, the more you will save. How? Lenders will usually enforce higher interest rates for smaller loan amounts. Therefore, applying for more than you need is a great idea only if you can resist the urge of spending those additional funds. A good idea would be to take those extra funds and invest them into an appealing high interest money market or CD.

Determining how much you can afford

If you are not looking to borrow more than you need, we suggest utilizing the following input: Create a budget including all of your daily living expenses and monthly bills. Subtract the total of all your expenses from your monthly net income. The amount left over is not going to be what you can afford towards payment of an unsecured personal loan. Why? You don’t want to leave yourself without any emergency money. You never know when you may need some extra cash for an unforeseen situation like a car or home repair. 75% of the amount left over should be designated for monthly personal loan payments.

Determining how much to borrow

Evaluating the total intent of your loan is critical when calculating how much to borrow. For example, if you are planning a vacation, you will need to not only factor in the cost of the flight and the hotel, but also the costs of eating, drinking, sight-seeing, etc..

Determining how long to borrow

A loan term is the total length of time you have to repay your loan. Typical terms for unsecured personal loans range from 12 – 72 months. It is essential that you comprehend that the greater the duration of your term, the more costly your loan is going to be. With a longer term, your monthly loan payments are going to be lower, but the amount you pay in overall interest fees is going to be greater. But, it may make sense for you to make use of a longer term. For example, suppose the plumbing system in your new home stops working and needs to be immediately repaired. However, you moved in less than one year ago and have zero equity in the house. And, you are having a difficult time satisfying your existing monthly monetary obligations. For this type of situation, it makes sense to satisfy your immediate financial needs so that you can get your plumbing repaired without having to put too much additional strain on your wallet. Saving money is good, but keeping your sanity is better!

Determining where to apply

Your local bank is probably the first option that comes to mind. Don’t limit yourself. Take advantage of the internet. Online lenders, like Choice Personal Loans, compete with local banks by offering extremely competitive rates and terms for their unsecured personal loans. They even offer no credit loans for those looking to establish their credit history.

The Happy Challenge

Life

Watch this video.

Done?

Great.

For the cheaters, the part I am most interested in is the bit about reprogramming your brain for happiness. Studies are showing that you can rewire yourself to be happier by doing happy things.

The science is sound. Good things trigger a dopamine reaction. Your body likes dopamine, so you start craving the things that make it happen, which all happen to be good things. As you suffer dopamine withdrawal, you become driven to do what it takes to get your fix.

The process is similar to heroin withdrawal, with no downside.

Hugging your kids(assuming you like them) triggers the reaction. So does sex, successes at work, and beating a video game.

The specific plan mentioned in the video is to write down three things that you are grateful for, once per day, for 21 days in a row. That will begin the self-reinforcing training that can get you hooked on being happy.

That’s a win. 75% of job success is predicted by your attitude. You are 31% more productive when you are happy. You’re also more fun to be around.

That’s a win.

Here’s my challenge:

For the next 21 days, do it. Write down 3 thing you are grateful for. What makes you happy? It’s okay if it’s hard. If it’s hard for you, you need it more than most.

Now, the truly hard part:

Fill out this form every day. Your answers can be as long or as short as you’d like, but there has to be 3 new things every day for 21 days. We’re going to train your brain to look for the positive, so you can’t give me 63 things on day 21. 3 things, 21 days.

On day 22, tell me how the previous 3 weeks have been.

When it’s over, I’ll hold a drawing for everyone who completed the challenge. Not everyone will see this immediately, so I’m going to run the challenge until May 15. That means you have until April 24th to get started.

3 answers per day means three prizes. I’ll give away a total of $250 to three lucky participants. That’s a $125 prize, a $75 prize, and a $50 prize, but you have to obey the rules. 3 things, 21 days in a row.

Be happy. I dare you.

Delayed Gratification, Take II

Finance, Life

English: Zach Galifianakis as Alan from "... — English: Zach Galifianakis as Alan from "The Hangover" (Photo credit: Wikipedia)

How much would you pay for a kiss from the world’s sexiest celebrity?

That was the focus of a recent study that I can’t find today. There is no celebrity waiting in the wings to deliver the drool, and the study doesn’t name which celebrity it is. That’s an exercise for the reader.

This was a study into how we value nice things.

The fascinating part of the study is that people would be willing to pay more to get the kiss in 3 days than they would to get the tongue slipped immediately.

Anticipation adds value.

Instant gratification actually causes us to devalue the object of our desire.

This goes well beyond “Will you respect me in the morning?”

The last time I talked about delayed gratification, it was in the context of my kids. That still holds true. Kids don’t value the things that are handed to them.

The surprising–and disturbing–bit is that adults don’t, either. If I run out to the store to buy an iPad the first day I see one, I won’t care about it nearly as much as if I spend a week or two agonizing over the decision.

The delay alone adds to the perceived value. The agony turns the perceived value into gold.

If I spend a month searching for the perfect car, the thrill of the successful hunt adds less value than the time it took to do the hunting.

Here’s my frugal tip for today: Delay your purchases. While it may not actually save you any money, you will feel like you got a much better deal if you wait a few days for something you really want.

Credit Card Pitfalls You Have To Avoid

Business

The idea of a credit card is appealing. You don’t have to have the money to pay for things; you can just use the card. It creates instant gratification and you start to get used to the idea of getting what you want when you want it. Unfortunately, this can be a disaster waiting to happen.

If you get in over your head and begin to negatively affect your credit rating, it is not the end of the world. By looking at things like bad credit credit cards at Money Supermarket you can start to make things right again. Watch out for these pitfalls that could cause you to stumble into a bad credit card situation.

Enticing Rewards

You see the commercial or advertisement online and reward credit cards make it seem like you will be drowning in points that can be redeemed for airline miles or gift cards. Initially, you may think that this is a great reason to sign up for a card. Then, you begin to use the card often in order to earn points.

The problem comes when you start spending just to get the rewards and you can’t or don’t make payments to return to a zero balance every month. You may end up with a hefty annual fee on top of everything else. Don’t let the temptation of getting a reward create a problem with your credit score.

Maxing Out the Credit Card

When someone hands you $5,000, you will be tempted to spend it. Why not enjoy the new money? The problem is that a $5,000 credit card balance needs to be paid back. Don’t fall into the trap of spending the entire line of credit immediately.

If you do run into some financial difficulty or you really need a credit card for something, you will have nothing left to use. If you go over the limit, you can be sure that there will be some fees that come along with it. Use it wisely. Charge something and pay it off.

Skipping a Payment or Paying Late

Once you have a credit card, everything is going to affect your credit score. If you miss a payment or pay late, you can be sure that this is going to show up against you. Aside from the damage to your credit score, most credit cards come with a substantial penalty in the form of a late fee that gets tacked onto the next payment.

Always pay on time. Pay in early if possible. Keeping up to date with your credit card will show up positively on your credit rating.

When Problems Arise

Even if you do your best to avoid these pitfalls, sometimes financial problems can be unavoidable. An unexpected emergency requires you to max out the card. You run into a problem at work and lose your main source of income.

If you see that your credit is starting to decline, it is always possible to build that score back up. Start over using bad credit credit cards to make a positive impact on your credit score. With this scenario, you get an opportunity to once again avoid these pitfalls and improve your credit.

Search Results for: C_SAC_2415 Exam Questions Available At 25% Discount With Free Demo 😢 Immediately open ⮆ www.pdfvce.com ⮄ and search for ➤ C_SAC_2415 ⮘ to obtain a free download 🙎Valid C_SAC_2415 Exam Tutorial