Leave bigger tips, for others and yourself
When you leave bigger tips, you make a small sacrifice for another’s bigger gain. When else do we set aside resources for bigger gains? Investing!
When you leave bigger tips, you make a small sacrifice for another’s bigger gain. When else do we set aside resources for bigger gains? Investing!
Pricing a product involves looking at costs, knowing your target audience, researching competitors and choosing a pricing strategy that works with your profit goals.
There are more than 20 million millionaires in the United States. Ready to join them? Here’s how to do it as fast as possible.
Inside: Do you want to start flipping money but don’t know where to start? This guide will give you plenty of items…
Read More… How to Flip Money: The [Best] 14 Ways to Make Money in 2023
Rising mortgage rates hit Fidelity earnings Jacksonville Daily Record
I flip a lot of houses (20 to 30 a year), and once in a while, I find myself watching a house-flipping show on television. In most cases, I get very frustrated because I know what they are producing is not realistic and nothing like flipping in the real world. Some might think house flipping … Read more
I have been in mortgage lending since 1993, and until recently, I had never actually had a…
Before we begin, I should probably admit that the Mustache family absolutely did not need a new car. Or even a new used car. In fact, we didn’t even need the two older used cars that we have been keeping around for the last five years, because our local life has blossomed so nicely in this small […]
While visiting Raleigh earlier this month, I spent a morning with my pal Justin (from the excellent Root of Good blog) and his wife. As we sipped our coffee and nibbled our bagels, the conversation turned to cost of living. (Money nerds will be money nerds, after all.)
“Things are cheaper here in North Carolina than they are in Portland,” I said. “Food is cheaper. Beer is cheaper. Hotel rooms are cheaper. Your homes are cheaper too. Last night, as I was walking through the neighborhood next to my hotel, I pulled up the housing prices. I was shocked at how low they are!”
“Yeah, housing costs are lower here than in many parts of the country,” Justin said.
“Take our house, for instance. We bought it in 2003 for $108,000. Zillow says it’s worth around $198,000 right now. But I’ll bet that’s a lot less than you’d pay for a similar place in Portland.”
He’s right. Justin and his wife own an 1800-square-foot home on 0.3 acres of land. Their place has four bedrooms and 2.5 bathrooms. There’s only one place for sale in Portland right now that matches these stats and it’s going for $430,000 — more than twice the price the same home would fetch in Raleigh.
Housing is by far the largest slice of the average American budget, representing one-third of typical household spending. Because of this, the best way to cut your costs (and, therefor, boost your “profit margin”) is to reduce how much you spend to keep a roof over your head.
One obvious way to cut costs on housing is to choose a cheaper home or apartment. But if you truly want to slash your spending, consider moving to a new neighborhood. Or city. Or state. If you’re willing to change locations, you can supercharge your purchasing power and accelerate your saving rate.
Cost of living is one of those factors that people seldom consider, but which can have a huge impact on the family budget â sometimes in unexpected ways. According to The Millionaire Next Door:
Living in less costly areas can enable you to spend less and to invest more of your income. You will pay less for your home and correspondingly less for your property taxes. Your neighbors will be less likely to drive expensive motor vehicles. You will find it easier to keep up, even ahead, of the Joneses and still accumulate wealth.
It’s one thing to talk about the effects of high cost of living, but another to actually experience it.
This guest post from Doug Nordman is part of the “money stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all stages of financial maturity. Doug is the , author of The Military Guide to Financial Independence and Retirement and founder of The Military Guide.
My name is Doug, and I’m a retired U.S. Navy submariner. I’m also financially independent.
I graduated from college in 1982 and spent most of the next five years in training or underwater. Like most military servicemembers, I had a steady income but very little free time. I knew how to save but I was very slow to learn how to invest.