17 Clever Ways to Save Money Most People Overlook

Are you always on the lookout for smart ways to save money? Check out this list of ingenious money-saving tips. These aren’t your typical “skip the latte” suggestions. Instead, they’re practical, easy-to-implement strategies that most people don’t realize can save them significant money over time. 1. Negotiate Your Salary Don’t hesitate to make a counteroffer when you receive a job offer. It’s often expected, and there’s minimal risk involved. By not negotiating, you might be leaving more money on the table than you’d save by cutting small expenses elsewhere. 2. Delay Impulse Purchases Resist the urge to buy on impulse. …

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‘You gotta do it’: Why the First $100K Is the Magical Number to Real Wealth

Imagine a number that holds the key to transforming your financial future. To the uninitiated, $100,000 might appear as just an ambitious savings goal, but in the intricate world of investing, it’s a gateway to unparalleled growth and freedom. This figure isn’t arbitrary; it’s a crucial milestone acknowledged by financial experts like Charlie Munger, Warren Buffett’s esteemed partner. But what makes this number so significant, and why does it command such respect among seasoned investors? Understanding the Power Behind $100K Picture an investor diligently contributing $10,000 annually to their portfolio, witnessing a growth of 4% per year. It takes almost …

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Credit Card Skimming Skyrocketed 77% In 2023: Here’s What to Look For

Shocking new data reveals that debit card skimming continues its relentless climb upwards here in America. For the first half of 2023, the number of compromised debit cards has skyrocketed 77% ¹ compared to the same period last year. That translates to nearly 120,000 additional unsuspecting consumers who have had their card details stolen by crafty criminals in just six short months. This alarming trend shows no signs of slowing down either. In fact, these fraudsters are getting even more efficient, now stealing more card numbers per skimming device deployed. The average number of compromised cards per skimming incident has …

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How the Credit Score System Fails & Gate-keeps

In a world where credit scores can dictate the trajectory of one’s life, the story of a mother in San Francisco struggling to secure an apartment sheds light on a pervasive issue affecting millions. After bravely leaving an abusive relationship, the mother found herself in a bind. Despite securing a stable job and saving enough for a down payment and last month’s rent, her journey to provide a safe home for her daughter hit an unexpected roadblock. Her financial readiness was overshadowed by her lack of a credit score, a critical gauge often used to assess tenant reliability. This detail, …

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The Once-in-a-Lifetime Event Transforming Finance

Imagine this: in 1980, you could find yourself grappling with a staggering 22% loan from a bank while the Federal Reserve’s funds rate hovered around 20%. Fast forward 40 years, and the scene is entirely different – the Fed funds rate plummeted to near zero, and bank loans became a mere fraction of what they once were. This shift, as monumental as it was, marked the single most significant event in the financial world over the past half-century. But what does this “sea change” really mean for your investments, and how should you adjust your sails in the turbulent waters …

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Accountant Shares 9 Money Habits Keeping You Poor

A decade in the high-stakes finance and investment banking world has yielded a lot of business acumen and secrets to personal financial success for accountant and investment banker Nischa. Her journey has revealed nine habits that can pave the way to financial freedom or lead to economic pitfalls. Let’s uncover these habits, each a stepping stone to mastering your financial destiny. 1. Pay Yourself First Adopting the principle from “Rich Dad Poor Dad,” this habit is about reversing the typical paycheck mentality. Instead of paying bills first, allocate a portion of your income, ideally 10% or more, directly into savings …

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Data Shows Poverty Declined, But It’s Rising In America’s Suburbs

What a world it would be if the face of poverty isn’t confined to the bustling streets of big cities or the remote corners of rural areas, but rather, it’s quietly intensifying in the suburbs, the places often synonymous with the American Dream. Recent data reveals a startling shift in the poverty landscape of America, challenging our traditional perceptions and urging a reevaluation of our approach to this persistent issue. The Surprising Statistics Between 2018 and 2022, America witnessed a notable decrease in its poverty rate, dropping to 12.5%, significantly lower than the 16.4% rate in 2024. However, this statistic …

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Junk Fees & Tipflation are Reshaping the American Economy

Have you ever wondered why your simple coffee run or quick meal pickup suddenly feels like a financial decision worthy of a Wall Street trader? Welcome to the world of ‘tipflation’ and junk fees, where every transaction comes with a hidden cost, and the tipping culture has evolved into an economic phenomenon. From Generosity to Obligation Tipping, a practice with roots as far back as Roman times, has transformed dramatically. Originally a gesture of goodwill, it’s now an expectation, often leaving consumers in a dilemma. The tipping percentage has steadily increased from a modest 10% in the 1950s to a …

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Doom Spending Is the New Financial Phenomenon Sweeping America

Welcome to the world of “Doom Spending,” a term closely similar to Doom Scrolling, except Doom Spending pertains to the way we excessively shop despite the economic struggle. In 2023, the National Retail Federation reported a record-breaking year with over 200 million holiday shoppers and an average spending of over $320 on gifts. But what exactly is Doom Spending, and why is it causing such a stir? Understanding Doom Spending As Andre Jikh explained, Doom Spending is a reaction to economic anxiety. It’s when people spend money to feel better at the moment despite being worried about the economy. Surprisingly, …

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Accountant Shares How to Pay Less Tax & Maximize Savings

Imagine if you could keep more of your hard-earned money, legally navigating the labyrinth of taxes to maximize your income. Sounds like a dream, right? Well, it’s not just a fantasy. Understanding how to reduce your tax bill is crucial in a world where taxes are one of our largest expenses. Based on a popular video by a qualified accountant, this guide dives deep into the strategies that can help you save on taxes. Whether you’re a tax novice or looking to refine your knowledge, here’s your roadmap to smarter financial planning. Understanding Income Tax The first step in mastering …

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