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Comment on How to Move With No Money Or Job by David Jacobs

David Jacobs — Tue, 16 Jun 2020 10:48:54 +0000

Pay yourself first, establish an emergency fund, don’t spend more than you earn are the basic points that everyone must follow.
Enjoyed every point.

Comment on 4 Frugal Living Tips I Learned from the Mennonites by Amy

Amy — Fri, 20 Dec 2019 06:13:55 +0000

Thank you! I love tip #3! I love the philosophy behind the tips. It really helps to understand the reasons behind the money-saving advice.

Comment on Here’s What to Do (and Not Do) If You Win the Lottery by C Adams

C Adams — Wed, 18 Dec 2019 17:23:51 +0000

Also people who win this type of monies millions, don’t know the right way to find those kind of advisors and lawyers. I admit I don’t

Comment on 4 Frugal Living Tips I Learned from the Mennonites by Helen Mihkfeith

Helen Mihkfeith — Thu, 14 Nov 2019 03:26:47 +0000

Great ideas you gleaned from the Mennonites! Thank you for sharing them. ? ?

Comment on Here’s What to Do (and Not Do) If You Win the Lottery by Raven

Raven — Sat, 02 Nov 2019 03:50:36 +0000

The old comment below can be taken with some truth, but if you read this article; Remeber:
Friends and family CAN turn on you. Its not to say everyone will, but when they hear you have money, of they ask you for money, its natural. But! That entirely depends on the kind of family you have.
Is your family cutthroat? Does your family practice kindness? Is there always some family drama in your immediate family or distant relatives? Its a nice idea to tell your immediate family of their good people. Immediate family?? Not so much. But that depends on you because everyone’s family is different. Just be careful and have a plan for yourself if someone decides they want their inheritance early.
As for friends; be extremely careful. You don’t need a while team of advisors, but having atleast someone to advise you is good and important. The decision to tell your friends depends on what kind of friends you have. Don’t tell the people who do drugs, spends money on superficial stuff like constantly buying the latest thing; This will drain you and your mental health.. eventually your relationship will go sour when you’re out money too.
Finally, if you win the lottery; Be patient with yourself. Give time to yourself. You can do whatever you want, you don’t need to suddenly start doing things. Do it one at a time so you can pace yourself. Pay off things that directly effect you first, debt, bills, etc, the common sense stuff. THEN you can start thinking about family and friends. Remember, winning a lot money can get to your head, this is why it’s important you pace yourself so you can ensure you STAY rich well into the future, not become poorer than when you were before you won the lottery. Keep in mind, like the article said; We’ve all seen rich athletes and celebrities, etc, lose all their money and go broke. That can 100% happen to you too, so be careful. Just take it slow and be mindful on what you spend on and who you tell. Stay safe!

Comment on Why Multi-Level Marketing (MLM’s) Is A Terrible Side Hustle by Ken Mwihaki Muchoki

Ken Mwihaki Muchoki — Thu, 31 Oct 2019 20:05:09 +0000

Network marketing is the best hustle one can venture in but it depends on a person’s mindset. If you take an MLM as a get rich quick scheme, you will be highly disappointed but if you get in with the right mindset and take MLM as a get rich sure scheme and take it as a career, it will greatly pay back. The financial and time freedom that is promised in MLM does not come overnight, it’s hard but it’s worth it at last.

Comment on Why Multi-Level Marketing (MLM’s) Is A Terrible Side Hustle by Chris R.

Chris R. — Sun, 20 Oct 2019 05:08:43 +0000

I have been involved with good and bad MLMs. Some were exactly as you described were I did spend more money than I have earned. However, the business and personal development education I received from those companies have helped me earn more money from sales in my other profession. Prior to entering into those sales jobs (which at times paid six-figure annually) I worked in law enforcement and other white-collar jobs and the people skills honed in my MLM “side hustle” aided me in earning various promotions and therefore income. All of this “learning” was achieved at a far lower cost than a university based education which, unless it was an applied science degree, still did not teach me the the real life aspects of a career and upward mobility. Those I had to learn through the schools of hard knocks.
A good MLM won’t promise you instant riches but in fact tell you it’s a journey which will take a different amount of time to complete based on your starting point. The MLM company I work with now had a $99 startup cost and has a $24 monthly cost for the product. A product btw that has saved me over $12,000 in fees I would have had to pay to companies such as a cell phone provider, attorney, auto parts and others. I can choose to build a sales team or sell the $24 product directly which is where I have concentrated and that has put thousands of dollars in my pocket and still pays me on a residual basis outside of the sales team overrides.
So is MLM a “bad side hustle”? I don’t believe so but then like every other good career choice, I learned about the industry and chose the right company.

Comment on Here’s What to Do (and Not Do) If You Win the Lottery by Ralfie

Ralfie — Mon, 14 Oct 2019 11:15:27 +0000

IT’S NOT TRUE AT ALL that you “shouldn’t tell anybody” if you win the lottery!Yes,YOU SHOULD TELL that to THOSE FROM YOUR FAMILY(spouse and children,at first) and to THOSE PEOPLE WHO ARE RELIABLE!That when you have the choice to remain anonymous,since some jurisdictions REQUIRE ALL LOTTERY WINNERS TO DISCLOSE THEIR IDENTITY!Then,why on Earth should you “consider changing your phone number and deactivating your social media accounts”?!THIS HAS NOTHING TO DO with your winning the lottery!And there are more things that AREN’T TRUE among these “advices”:YOU HAVE NO NEED to “involve a trusted team of advisors that can help you evaluate the legitimacy or efficacy of these requests” when they come from members of your family or friends!Why would you need the help of an entire team of advisors WHOM MUST BE PAYED(let’s not forget that!) to evaluate a request to help a family member or a friend?!YOU DON’T NEED ANY HELP FROM ANYONE ELSE to fullfil such a request because YOU KNEW BETTER THAN ANYONE if to help a close person or not!Then,IT’S NOT PLAUSIBLE that “you could find yourself involved in a lawsuit on completely made-up grounds that could cost you millions in litigation”!A lawsuit NEEDS SERIOUS GROUNDS in order to be opened!Also,YOU CAN PERFECTLY WELL CHANGE SUBSTANTIALLY YOUR LIFESTYLE OVERNIGHT and TO HAVE A PLAN FOR YOUR FINANCIAL WELFARE SIMULTANEOUSLY!THERE IS NO PROBLEM to do that!And even if one changes his/hers lifestyle substantially,THAT DOESN’T MEAN that the respective person will spend his/her money recklessly!

Comment on How to Move With No Money Or Job by Lisa B.

Lisa B. — Mon, 14 Oct 2019 02:16:35 +0000

Hey there –

So I’m currently looking into options about relocating- I’m beginning to understand that no matter what age we as adults are in ; I feel like there’s always small debt following us – I suppose I wish there was a way for individuals to grow more with their credit scores and finances when it comes to being independent….

Love is driving my inspiration of a new life style and change ; which is also giving me a bigger appreciation for simplicity and the single dollar.

Wish there was easier ways to be incredibly wealthy being a chef haha! It’s a tough food chain to grow .

Anyways I enjoyed this article – cheers!

Comment on 8 Powerful Reasons You Should Save More Money by Jill

Jill — Thu, 12 Jul 2018 06:20:06 +0000

Great post! I think it is very important that people remember to increase their savings when they get raise rather than increasing “their” spending. I recently received an increase at work and I am depositing that money into my retirement before I ever even see it 😉 Paying myself First! Thanks for the good info