Personal Finance And Living Below Your Means
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Jennifer Grucza » 2004 » April
. post, I have been doing a fair bit of reading lately about personal finance. Growing up, I learned
the value of living below your means and saving your money. But I never learned about the other.
LBYM ---- Living Below Your Means
Home > Personal Finance > E-mail this story Printer friendly page Living below your means: Control
vs. competence By Laura Bruce • Bankrate.com It's so simple and yet so few people do it. The.
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Residual Income -- Making Money while You SleepResidual income, also known as royalty income, is income that you keep on getting for months or even years after the work you did to earn it is finished. So, for instance, a song writer will get royalties on his song every time it is played on the radio, even years afterwards. The royalty for songs and literature lasts throughout the author's lifetime, plus 50 years, paying a small amount for each airplay, which can add up to a LOT of money over the years. A big hit brings in a huge amount, which gradually fades down to a tiny trickle over the years, depending on the popularity of the artist. [More] | Going Against the Conventional Investment WisdomFirst of all, I want to give everyone the disclaimer that I am not a registered financial advisor and I don't play one on TV. Therefore, I cannot legally provide financial advice and I will not do so. This is for informational purposes only and I'm not recommending any of my personal investment strategies to anyone else. Now, with that being said, I will outline some techniques I use for my personal investment strategy, without going into a whole lot of specifics. I generally go against the conventional investment wisdom that you are accustomed to hearing, although I do use both a conservative and a not-so-conservative strategy. [More] | Help Your Kids Learn More About Managing Their Personal EconomyHelp kids track their progress. Let's face it, kids find saving boring (honestly, so do a lot of adults). You can help build and maintain the excitement of reaching a personal economic goal by making a savings thermometer and coloring in the sections as money is saved. Post your child's progress charts in visible places and celebrate their progress. It's important to make saving money fun and rewarding with many celebrations along the way. [More] |
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