Hacks on How to Save more Money and Time so You can Enjoy more of Life's Moolah!

Here are some money quotes, please leave a comment on which quotes hits closest to home on how you view money, thank you.

Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game- Donald Trump

The darkest day of any man’s life is when he sits down to plan how to get money without earning it- Horace Greeley

A wise person should have money in their head, but not in their heart- Jonathan Swift

A bank is a place that will lend you money if you can prove that you don’t need it-Bob Hope

Whoever said money can’t buy happiness didn’t know where to shop-Gittel Hudnick

“Money does not change men, it only unmasks them-M. Riccoboni

I’d like to live as a poor man with lots of money–Pablo Picasso

Compounding interest is the greatest mathematical discovery of all time- Albert Einstein

Albert Einstein is well known for his genius thought provoking equations such as E=MC2. Sure that equation hit the world up literally with the invention of the atom bomb, that changed how people defined mass destruction forever. But he also helped the world understand the power of compounding interest otherwise known as the 8th wonder of the world.

Some people learn this very early in there lives and it’s one of the secrets of old money. How so? Well suppose I was to give you a choice. I could give you one million dollars outright or give you a magic penny that doubled in value every day for a month, which loot would you take? If you knew nothing about the power of compounding interest you would quickly take the one million dollars and get out of Dodge, probably.

But if you went the magic penny route, guess how much money you would end up with at the end of a month? How’s $10,737,418.23 sound after 31 days? This should really make you consider investing in a 401k if it’s available at you place of employment or an Roth IRA for the self employed, where a few thousand dollars can end up turning into a few million thru time.

It is very hard to fool people when it comes to your character. Are you sincere, caring, trustworthy, and loving? You will soon be found out because people will judge you by what you do for them. In fact, you can learn a lot about a person by a simple handshake, or whether they can look you in the eye. But how easy it is to fool people about all things money.

Why is this so? Because money is a taboo subject for most people. People feel uncomfortable talking about it. How much money do you make, how much did you pay for your house? Is that your car or are you renting it? People shy away from answering such questions because it is so easy to lie about your finances. You probably seen folks who look financially responsible because of the designer brands they are showcasing in their lives. The BMW, Rolex or Coach bag. But looks are decieving. There are people who are leasing vehicles, and spending money they don’t have in an attempt to go in unnecessary debt to buy status. In Texas, they call this predicament being all hat and no cattle.

The funny thing is, a good portion of the 20 percent of Americans who are not living pay check to pay check give the appearance that they are very average. The majority of people that are on the other side don’t understand why these people are not living in a bigger house or not driving a more expensive car if they can afford it. Better yet, they don’t understand why you can’t help them get the things that you have because they think you can afford it.

If you are making 100,000.00 a year but spend money like you are making 125,000 a year you are living a lie. And 77 percent of Americans are lying to themselves by living paycheck to paycheck. The rule of thumb is the ability to save at least 10 percent of your paycheck. So if you are making 100,000 net income after taxes a year, you should be budgeting to spend no more than 90,000 a year annually. In ten years, even if you did nothing with your money which would be a shame, you still would have 100,000 dollars in your piggy bank.

Something profound happens when you have a financial reserve that you can fall back on. You feel better about yourself and your ability to help others rather than showcasing fancy watches or handbags. If you want to attract the right things in your life start by adopting these principles, because it’s all about the cattle baby! Cheers!

What I love about a budget is that it scales with your ability to generate more cash flow. When you give tips to people like cut out Starbucks and don’t eat out, you have those folks who shoot back at you, well, do you do these things? Well frankly, no, a general rule of thumb is your cash flow determines this. You see, if your in the 77 percent who are living paycheck to paycheck, you have a cash flow problem and need to be more practical, plain and simple. The beauty of a budget is that it helps you capture the excess cash and gives you the ability to put it to work for you to generate more cash flow.

You see taking a second job is not the only way to generate cash flow. This could be anything from selling things on eBay, to buy stock in new innovative products that didn’t exist five years ago. (Example= Apple (Aapl) Which if you invested $10,000 four years ago, with the advent of the iPhone and iPad, that $10,000 is now worth $40,000.00) Or buying a home in a depressed market at a depressed price. NICE!

In conclusion, anything that you buy and is now worth more than when you bought, it is an asset. Buy more assets. Assets will add to your income and allow you to scale your budget and allow you to spend more liberally while still being able to pay your bills. But what you will learn is that when you see how powerful acquiring assets are, you will soon learn to curb your desires for expensive conpsumption items. What a beautiful relationship wouldn’t you agree?

In a survey in 2010, 77% of people were living paycheck to paycheck. That a sharp increase from 63% in 2009 and 49% in 2008. So if this is the case, how do you get out of the red and hit the black! You take immediate action. Start buy cutting your grocery bills. Reading this blog is very good but it is useless if you are simply reading this info and nodding your head in agreement but take no immediate action.

1. Buy Food In Bulk. Eating out may be convenient, but it is a killer on your budget! You can spend 7 dollars easily on lunch when at work but let’s say you do that for 3 meals a day. That would be 630 dollars a month and that’s just one person!! You must learn to spend money on food wisely.

2. Drink Water Instead of Soft Drinks. Water is free, it is also healthier for you. You might also receive energy gains from this. Take care of your body and it will take care of you.

3. Cut out snack foods, by not going to the grocery store hungry. Chips, Cookies, and Ice Cream, may elevate the mood initally but they gook up your system and are costly. Replace these items with fresh fruits and vegetables. Again a big investment in the energy department.

4. Brown bag your lunches. This is crucial to retaining you control over your budget!!

5.Coupons, Coupons, and more Coupons. You don’t think they make a difference? This video will make you a believer for real!!

You can literally eat thru your budget, follow these steps and take back control of your moolah!

Once you have gotten into the mindset to budget effectively and learn to keep expenses down like a responsible business, now it’s time for the fun part!! Increasing your ability to earn! What holds people back for maximizing in this area? It’s that ugly 5-letter word, pride. You see some folks are more concerned about their image than what a job or opportunity is paying them.

You have those people that proudly wear their caps with some Fortune 500 logo, seeking to get respect by association. They go to work dressed in a suit or dress and think that eventually they will move up and make big bucks by learning to be good employees by doing what there told. The bad news is that this only happens if you work for the government. I kid.

It’s much easier to look at industries that pay very well but may not be that socially acceptable. Case in point, what if I were to tell you that janitors on the whole make more than teachers? Check out this report. Teachers start out at 45,000 while janitors were at 80,000. I’m sure that many people are saying that it’s much more fulfilling to be a teacher than being a janitor, but how many people are working unfulfilling jobs right now and not making their net worth simply because there pride is getting the best of them? Food for thought.

If your mindset isn’t right you can make anything a negative and painful experience. Remember, a negative emotion starts with thinking negative thoughts. If you do not think this is true, trying putting a big smile on your face. It can be fake as all get out, but just keep smiling! Something interesting should happen. Those negative emotions should start to subside. Why? Because our brains have a special reflex that dumps negative energy when we smile and starts trying to tap into a more positive energy. So when you start creating your budget, start smiling, it just might help!

All kidding aside, creating a budget is crucial to your financial future! It tells a lot about you also. There’s an expression that goes something like “Rome wasn’t created in a day”. What it is saying is that it took a lot of thought for such an inspiring city to be created. That thought is called vision. This is something you must have to succeed. Sad to say many people overlook this trait to their detriment. You must have dreams about where you want your life to go. If you never see yourself making significant progress in life, you will sell yourself short, big time!!

It may be that you are dissatisfied with your current employment. Some may just try to counter that by partying extra hard on a weekend to try to forget how worthless they feel when they step in the office on that Monday morning. What really does that accomplish? Why not create a budget on how you can save enough money to feel secure enough to leave that dead end job! Of course looking for one now while you have one wouldn’t hurt either.

The point is many people think that a budget takes the fun out of life because it limits on the fun that they can have. But actually it’s the opposite. It puts you in more powerful states that propels you into taking action. Whether it be getting a home or leaving a unfulfilling job, if you have vision on how you want your life to be and you have the discipline to follow thru, you will smile while you make that budget!!