3 Reasons Why Smart People Make Bad Investments

Food_Money
Food_Money

Warren Buffett says that successful investing is as simple as never losing money. Sounds simple, right? Well, apparently it’s not simple at all, because many people do not invest, and many people do it poorly. With such a low standard of investment in the United States, it seems like it wouldn’t take much effort to do better than the status quo. And that’s exactly what the case is. Many people would do well at investment if they simply tried. And many who do invest, but fail, would do better if they simply realized that the following habits are a recipe for investment disaster. We Do the Wrong Thing at the Wrong Time. Americans’ sense of “how the economy is doing” is notoriously faulty. This is because economic momentum takes a long time to trickle down to the average person. So just … [Read more...]

Selling Your Diamond Jewelry After The Divorce – Don’t Do This

diamond lighthouse
diamond lighthouse

Broken engagement?  Recent divorce?  Or maybe you need some extra cash.  Pull up a seat, we've got a solution for that! Life happens right?  So you may be faced with selling old or suddenly regretful jewelry but lots of people are on the fence about selling their once beloved pieces. The main reason for this is that there’s a prevalent belief that selling jewelry is a frustrating and time consuming process. If you have ever thought about selling your diamond ring for example, you’ll be relieved to know that by following a few simple guidelines, the process becomes much simpler and less bumpy. Probably the most important thing you should be aware of before selling any kind of jewelry is being aware of its true worth before delving deep into the market looking for buyers. If you don’t … [Read more...]

Online Learning Experience for Students

college-student-credit-card-marketing
college-student-credit-card-marketing

Online learning is like nothing traditional students have ever experienced. The challenges, benefits and experiences moment to moment are completely unique from traditional classroom settings. Online learning brings the need for new skills, disciplines and ways of approaching study and learning. However, in other ways it is also very much the same animal that traditional learning represents for students. Discipline, motivation, dedication and perseverance are all required for this new frontier of education. Here are five things that you should understand about how the online learning experience is different from a traditional classroom setting, and how it's the same as well. Blue Jeans is dedicated to creating a learning experience that rivals that of traditional programs. Arming … [Read more...]

Mental Wellness Summit…Better Than A Pill

mental health summit
mental health summit

The Mental Wellness Summit is an educational and empowering experience that explores better ways to approach and treat mental health from a root cause perspective–it’s designed with everyone in mind. I think you should attend because today’s powerful treatment options, including specialized diet and improved nutrition, integrative medicine, naturopathy and functional medicine, somatic therapy, chiropractic care, acupuncture, yoga and meditation, to name a few, are available but rarely considered for treating mental health everyday. And yours truly will be one of the spears as well chatting you up about the connection between money and your mental health! The Summit goes beyond just psychiatry and pills, and explores the best options for wellness in this evolving field. Register for … [Read more...]

The Best Personal Finance Apps: Mint vs Hello Wallet vs Wela – and Yodlee

Quicken-Mint-Yodlee-MEnvelops-Personal-Capital-LearnVest-Home-Budget-Sync-YNAB-Excel-Programs
Quicken-Mint-Yodlee-MEnvelops-Personal-Capital-LearnVest-Home-Budget-Sync-YNAB-Excel-Programs

Over the last few years, I've test driven several account aggregation systems in hopes to find that one tool that gives me everything I need in one money management suite. I tend to look for certain features before taking it for a test drive.  If I don't see anything about bank level security then I know they don't allow users to connect directly with their banks. I don't bother signing up because this is always a deal breaker for me. Why Is This Important? We live in an increasingly fast paced digital on demand world.  So do most users.  This is why most account aggregation tools without this feature, rarely gain the traction Mint has since its inception.  They get it.  And if you take a look at how Instagram has taken off then you know that visuals are important to … [Read more...]

What You Need to Know About Getting a Credit Card

woman-with-credit-cards
woman-with-credit-cards

Starting your financial life comes with a lot of choices and a lot of responsibility. Where will you deposit your first pay check? How will you pay for monthly expenses? What is the advantage of having a secured credit card vs bank debit card vs. a credit card? That can be determined by setting your spending habits. There are several options out there to help establish a banking relationship, build a credit score and maintain your monthly budget. Secured credit cards are one way to go. You can also decide to use a debit card or apply for a credit card. The best option for you all depends on how you want to spend and save money. How does a debit card work?A debit card gives you access to the money in your bank account without actually going to a bank branch. When you open a checking … [Read more...]

6 Money Saving Tips When Booking Rental Cars

car-insurance1
car-insurance1

In today’s financial climate, saving for an overseas trip can be hard, so you want to know that your money will be spent well and not wasted. Australia is a great place for an extended overseas jaunt (not to mention, beautiful!) and if you are heading to OZ, it is a good idea to hire a car so you can check out all of the awesome national parks and do some serious sightseeing. So here are a few tips, which will help you to save money on car rentals in Australia and abroad. Prepay for your car rental Check this one out with the rental car companies, but many of them will give you substantial savings if you prepay for your rental car before you leave home. This is a fabulous idea, because you had to pay for the car rental anyway and if prepaying save you lots of money, it’s a win-win … [Read more...]

The Best iPhone Apps To Help You Handle Your Money

IPHONE-MONEY-facebook
IPHONE-MONEY-facebook

Nowadays everyone is on the go. We eat while we're walking, we make appointments while we're waiting in line and we're checking emails while we're commuting to and from work. The same is true with our money. Who has time for old school spreadsheets and check books when we're always on the move? Think about the one thing that's always with you. It's probably your phone. If you run out for coffee and forget your wallet you can still pay at Starbucks with the app. If you leave your credit card at home you can still use Apple Pay to make your purchase. The truth is managing your money is no longer about pens and pencils or counting bills, you can manage your money electronically with the swipe of your screen. Think about your daily money habits, where do you spend your money? Now … [Read more...]

The Ultimate Guide to Paying Off and Managing Your Student Loans – Part 3

student-loan-debt-2
student-loan-debt-2

We're at the end of our managing and paying off your student loans series!  So far we've covered federal and state loan programs. And if I may say so myself - impressive lists! Here are part 1 and part 2 if you missed them. Today - short and sweet -  we'll discuss private sector employers that offer tuition reimbursement and repayment assistance and how to pay faster on your own. Private Sector Jobs With Repayment Benefits Employers that Offer Student Loan Reimbursement – Lots of employers offer tuition assistance, but many are now taking part in a new trend of offering student loan repayment assistance as well.  These benefits are not typically publicly advertised, so be sure to ask your current or prospective employer! Community Service – Volunteering for certain … [Read more...]

The Ultimate Guide to Paying Off and Managing Your Student Loans – Part 2

Student
Student

And we're back! I hope you enjoyed yesterday's article which highlighted the federal loan programs available to pay down and/or forgive your student loans. This article is long as it is so let's get right to it! State Government Loan Programs States with Student Loan Repayment – Some states such as Kansas and Nebraska, have certain counties designated as Rural Improvement Zones.  In exchange for simply living in these areas for a certain length of time can earn you loan forgiveness amounts which vary by program. Work in High Need Professions – Similar to the federal program described above, there are several states that offer full or partial loan forgiveness in exchange for serving in high need fields like education and nursing. Specific State Programs – Following is … [Read more...]

The Ultimate Guide to Paying Off and Managing Your Student Loans – Part 1

student_loan_article
student_loan_article

  I saw a meme the other day that read: “Dear Sallie Mae, If it’s that serious, you can come get this degree. I’m not using it anyway…” All kidding aside, even if that was possible, most of us wouldn’t dream of it – blood, sweat and tears go into earning a college degree! Unfortunately for many, however, the bleeding, sweating and crying doesn’t stop on graduation day. It is estimated that two-thirds of American college graduates carry some level of student loan debt with an average load of $26k. More often than not, folks are carrying this debt well beyond graduation.  The current level of student loan debt in America now exceeds $1.2 trillion, the second largest form of consumer loan debt behind mortgages. With those kinds of numbers, it’s no wonder there is a lot … [Read more...]

Budgeting Is Broken: Do This Instead

written-budget
written-budget

Show of hands.  Who really loves living on a budget? If you’re an adult with adult responsibilities, then you probably already know how intensely difficult budgeting can be at times. Creating a spending plan designed to help you control your finances is one thing. Actually sticking to that budget is something that proves to be another matter entirely. I can certainly relate to the thought, but let me ask you this: How many different times in your life have you tried to create and/or stick to a budget? Once? A couple of times? More times than you would ever care to admit. Again, I’m right there with you. It’s tough. Do you know the old saying about how a certain road is paved with good intentions? I would venture to say that you can definitely apply that thought to using … [Read more...]

4 Reasons Why Your Business Will Fail (#4 is so true!)

Business woman writing on screen isolated over white
Business woman writing on screen isolated over white

You’ve probably heard about the Bloomberg report that confirmed eight out of 10 businesses fail within the first 18 months. It’s a scary data point that operates as a cautionary tale for potential start-ups. When you choose to build your own company, the odds are against you. If you’re considering such an endeavor, do your homework and learn from the mistakes of those who came before you. Here are four reasons why businesses fail and tips for how to avoid them. Lack of a Viable Revenue Stream No matter how great your intentions are for your new enterprise, there simply has to be a revenue stream. Without one, your new business has no chance for survival. Without money, you won't be able to cover expenses such as your workspace, utilities, staff, or suppliers. Too many founders of new … [Read more...]

The Sooner You Know The Truth About Becoming An Uber Driver The Better

uber driver
uber driver

Driving with Uber probably offers more financial benefits than you know. Consider how these four benefits could affect your financial health. Make More Money Than Other Drivers The average Uber partner earns a little over $19 for every hour he or she drives. That's significantly higher that what many professional drivers earn. Uber's research shows that: Taxi and limo drivers earn about $11 per hour Delivery truck drivers earn about $13.23 per hour Courier drivers make about $13.35 per hour Bus drivers earn about $14.25 per hour The only other people who make nearly as much money as Uber driver partners are heavy truck operators, who earn an average $18.37 per hour. By choosing Uber, you get to make more money while also setting your own schedule. Pay Lower Tax Rate by … [Read more...]

Money Mistakes That Can Break The Bank + Your Relationship – On The Joy Sutton Show!

sutton
sutton

Hey Girlfunds! I apologize for my personal absence here but rest assured I have been busting my tail behind the scenes on a few things in store for later this year.  I've been doing a lot of media and press since the Elle magazine feature in April and one of those interviews goes live this weekend.  I need to do a better job of posting them here so bear with me as I get my stuff together! Two weeks ago I taped a segment for the Joy Sutton show and it was awesome!   I had so much fun because Joy and her staff are just nothing short of awesome!  I love helping women make better decisions as it relates to their money and the topics we covered are sure to get your juices flowing!  Per usual, we talked about the things that we as women don't like to hear out loud when discussing money. … [Read more...]