I came across this article today on CNN Money about the NY Times charging for their content in 2011. It doesn’t surprise me that major news publications are going this route, because their print subscriptions are suffering largely, and they don’t know what to do. As a fairly serious blogger for over 4 years, my beef with the NY Times is not that they are making a business move to generate an extra source of revenue. My beef is that that reason they need to start charging for content online is because they spent the last 5 years thinking this real-time information movement on the internet was just a fad. They laughed at bloggers, and now many print journalists now work for blogs like Politico and the Huffington Post. If they would have spent time learning how to create a sustainable business model on the Internet from the beginning, they would have enough advertisement agreements on their website to subsidize the money they’re losing in reduced print subscriptions. Ok, I’m stepping off the soap box now. So, what does this mean for us?
At Money Crashers, we’re serious about setting goals and accomplishing those goals. If you set goals for your money with regards to eliminating debt, saving money, organizing your finances, and preparing for retirement, you’ll find yourself a much wealthier person in the future. Not only do we want to help you set goals for 2010, we want to help you accomplish those goals, because setting goals doesn’t mean jack if you don’t make progress to accomplishing them. That’s one reason we put together one of the largest giveaways ever in the personal finance blogger community. We’re also committed to pointing you in the right direction to resources that can help you track your progress to accomplish your goals.
One of the biggest struggles for a frugal shopper is balancing price with quality. The old adage, “You get what you pay for” is definitely true in many instances, but it’s very easy to be tricked into paying more money for something that isn’t worth it. The older I’ve become, the more I realize that paying for quality is important, but you must be careful and do your research to make sure you’re getting what you pay for. I’ve realized that buying the cheapest model or brand of a particular consumer item doesn’t always end up being cheaper.
The final segment of this mini-series is a charge to become a giver. Being a giver doesn’t always come natural, and that doesn’t make you a bad person. Having the heart of a giver takes daily training. Your ultimate goal for becoming wealthy should be to give back to others to help them reach their life goals. Sticking with the analogy of becoming physically fit, the ultimate of goal of losing weight is because you’ll improve your health dramatically and you’ll look and feel better. In the same way, giving back financially is the ultimate reason why we seek to build wealth. It’s therapy for the soul, because having wealth can quickly turn to a bad thing if not used properly.
Have you ever lost a decent amount of weight and then found yourself back at the same weight a year or two later? The reason for that is you work so hard at working out consistently and changing your diet to meet your goal of losing weight, but after you reach your goal, you slowly slip back into your old ways and soon find yourself back at the same weight you started with. When getting financially fit, many people are able to reach their goal of getting out of debt, but then they find themselves slowly slipping back into debt and not increasing their net worth.
Ever since cell phones became popular and now to the point that you look at someone like they are an alien if they don’t have a cell phone, they have been sold exclusively with cell phone service providers. It was a marketing strategy that gave cell phone carriers an incentive to force customers into signing up for 1 or 2 year contracts. The cell phone is like a printer. The printer manufacturer doesn’t give a crap about the sale of the printer, they want to hook you onto buying ink from them for the rest of your life. So, you could buy the cell phone for really cheap or even free with a contract or if you didn’t want a contract, the phone would still be locked for that specific carrier and you paid a crap load of money for it.
The new year is full of promise and optimism by many of us. I always chuckle when I go to the gym in early January, and I notice that about three times the amount of people are working out than in December. Then by February, the numbers drop again. We tend to focus more on losing weight early in the year, but there are other aspects of your life you should think about early in the year as well. To get ready for tax time and get your finances off to a good start, consider these 5 moves to make to better your finances for 2010.
The two most popular New Year’s resolutions are losing weight and getting out of debt. Money Crashers wants your physical life and your financial life to be as fit as possible, so the next five articles will be a series to help you get rid of your financial gut. Step 0 to becoming financially fit is to seriously work on becoming better physically fit. You’d be so surprised at how much your financial, relational, professional, and spiritual life can suffer if you’re not in good physical shape. If your body doesn’t feel good, the rest of your life will suffer as well!
I was about to write a post on year-end tax preparation tips, but then I saw that so many other PF bloggers had beat me to it, so I figured that instead of spewing out the same stuff as them, I would highlight some of the best tips from other bloggers.
From Bible Money Matters, he has 10 tax credits and deductions to consider:
Increase your retirement account contributions: Max out the contributions to your 401k, 403(b) or IRA to lower your taxable income. With an IRA you can contribute up to$5,000, $6,000 if you are 50 or older. For a 401k or 403(b) the contribution limit is $16,500 , or 22,000 if you’re 50 or older.
Almost 4 and a half years ago, we rescued that cute dog on the left from getting euthanized. Her mom had 8 puppies, and the Gainesville Pet Rescue adopted all of the puppies and the mother. We paid a total of $75 for the adoption fee, and she had already been fixed and had up-to-date shots. Since my wife and I didn’t have kids immediately after getting married, we were glad to get a dog with a ton of energy and a lot of love. I am not some kind of crazy PETA member, but it bugs the hell out of me when I hear that people pay thousands of dollars on pure breed dogs and cats, when there are SO many great dogs and cats in animal shelters waiting to be adopted. Here are a few reasons why you should adopt a pet instead of going to a breeder or pet mill.