Financial Solution News

I have seen it time and time again.  My dad changing careers because of $50 a month, my friends switching jobs for a better pay and my old classmates telling me they demanded a higher salary or they consider quitting. Let’s face it. Money is an important part of our job and without it, we wouldn’t be grinding the 9-5.
Stop the “Show Me The Money” Attitude
Money, however is not what we really want. Money is what we need, and most people are surprised to find that we really don’t need that much of it. I recently decided to give up a 6-figure salary to go full time blogging. While it was a decision that will force Emma and I to cut back on some of the luxuries we enjoyed, we will also be much happier. We won’t be driving nice cars, living in a […]

Original post by MoneyNing

Ever since I decided to become a full time blogger, I’ve spent many hours worrying thinking about my finances.  It’s not that I believe Emma and I will starve one day, but what will happen when my income is cut to 25% of what it originally was?  How will I feel when the checks aren’t coming on a regular basis?
My gut instinct is telling me that it is not good for me because my worry intensifies when I spend more energy trying to analyze the situation.  So, I decided to write this post to help me organize my thoughts and also listen to everyone’s comments on what I should do.  Thanks in advance for your support and advices!
What Happens When I Start Worrying About My Finances
At the beginning, worrying about my financial situation was good.  The concern helped me decide whether going […]

Original post by MoneyNing

The personal finance community totally ignores the importance of my contribution.  Without me, life would be so different since everyone would have to carry so many coins.  I have decided to contribute my story to the public.  I am a dollar bill.
I was once available everywhere.  You might know my other siblings instead of me depending on which country you were in, but my brothers and sisters were available in every country.  I was a critical part of the financial system.
Slowly, I became less and less important.  I think people call it inflation, which to me is such a useless phenomenon.  What society decided to do was give people raises and then make everything cost more.  No one cares about this because they are still able to afford similar things but why have inflation?  Who does inflation help?  I keep telling everyone to to stop buying things that go up […]

Original post by MoneyNing

I just came back from a funeral of my fellow sales person’s husband, who died of a sudden heart attack. It was emotional and shocking for all of us because we were just playing volleyball with her husband in a company event not long ago. It was such a tragedy and I wish my co-worker the best in everything she does for years to come.
One thing she (and all of us) can take comfort is that her husband’s sudden death saved another person’s life. My company’s accountant’s husband felt pain in his chest recently, and despite the accountant’s suggestion to go see the doctor, the husband refused as he had to direct his crew in Beijing for the Olympics. What finally changed his mind was the incident that happened to the saleslady’s husband. My accountant went to the doctors with her spouse, and the doctor […]

Original post by MoneyNing

Emma and I went to a pretty fancy restaurant to celebrate my wife’s birthday.  After we sat down, our waitress pleasantly asked us “Would you like some wine tonight?”  We just experienced a form of up-sell.
What is Up-Sell
Up-sell is the act of suggesting a higher priced product or service to a customer who is about to purchase.  What we experienced at the restaurant is no different than the cashier at Starbucks asking us to buy a grande sized mocha instead of tall or at McDonald’s when the cashier asked whether we wanted a combo rather than just the sandwich.
What It Means for the Company
These forms of up-sell are very popular because it works.  While at the restaurant, almost everyone that she asked ordered wine.  If she didn’t ask on the other hand, I bet half of those people will forget to do so.
What It Mean for Customers Like Us
On many […]

Original post by MoneyNing

With the launch of the Personal Finance Network and the new column Money Mailbox Friday, the past month has been a busy month for MoneyNing but all in all it’s been a great month!  There were many good articles posted so check these out if you’ve missed any.

How I Started Buying My First Stock
Patience with Keep Us From Spending Unnecessary Money
Setup Google Alerts to Get Coupons and Deals
A Dollar Saved is Two Dollars Earned but Two Dollars Earned is Twenty Dollars Saved

Learn About Money Related Issues with Money Mailbox Friday

My Global Rewards Network
Scams and Junk Mails with Tempting Offers

Earn More Money by Being More Motivated with Motivation Monday

Create a Need and You Will Find a Way
Staying Busy
Snowballing Positive Energy
Get Some Fresh Air
Hang Around Motivated People

If you like what you read here, you can subscribe to my blog via RSS so you don’t miss a thing! Alternatively, you can subscribe […]

Original post by MoneyNing

All of us have many stories to tell but when do we ever spend time to read or listen to other people’s stories?  Well, here’s your chance with the 64th edition of Carnival of Money Stories!  As always, there are many great stories for us to learn from as long as we are willing to do so!
Editor Choice

Terry Dean presents From a Sale to An Experience. What are you doing to turn a sale into an experience?
Dorian Wales presents The Personal Financier: Actively Manage Your Career to Stay On Top of Your Game. Always move forward! Staying in the same spot is just another way of moving backwards!

Career and Business

vh presents Amazing Grace! Annual Review Miracle. Some creativity and you could get a raise too!
Michel Fortin presents Apply The Law of Contrast to Build Desire. Selling is a skill everyone should have and […]

Original post by MoneyNing

Is $1,000,000 up front or 100 payments of $10,000 a month a sweeter deal? This is a question I often ponder. On one hand, a million dollars up front is in theory a better deal because it allows us to make much more money if we invest it correctly. It is also the most flexible because it gives us the maximum choice. We can always put it in an investment that pays $10,000 a month and there’s even a good chance that we will get more than 100 payments of $10,000.
On the other hand however, having $10,000 a month is so comforting. Even though we can set it up to get $10,000 a month with the big one time payment by putting it in investments, not many people truly has the discipline to do so. Just imagine whether anyone will be able to keep […]

Original post by MoneyNing

I’m in Las Vegas again and I just want to share with everyone that I’m not gambling!!!  I am pretty proud of myself since I’ve always one way or another played at least a few hands of blackjack while I was in Las Vegas in the past.  I think the difference this time was because I had a strong feeling that if I do this frequently enough, I will eventually lose money because the odds aren’t in my favor.
I now treat gambling the same way as going to the movies.  If I want to go, I will decide how much I want to spend on the event and just assume that the money is spent.  I will gamble for entertainment, not to hope that I will get rich.
How do you treat gambling?  Do you ever hope that you will become rich when you gamble on something?  What about lottery tickets?  How many of […]

Original post by MoneyNing

It was only yesterday when I was $5,000 richer.
With the market in such volatility, it was a great time to invest since I was in it for the long term.  So, I made my 2008 contribution of $5,000 into the Roth IRA a couple weeks ago.  It was such an easy process because I have an ETrade savings account and an ETrade Roth IRA account so it was done a couple of clicks later.  A few weeks go by, I log into my ETrade account and noticed that my account balance went down $5,000!
I searched around, and realized that there was a new transfer payment of $5,000 from my online bank account to my Roth IRA.  After more searching, I realized what has happened.  ETrade increased my Roth IRA balance by $5,000 but did not decrease my online savings account when I made the transfer originally, and only made the […]

Original post by MoneyNing