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How To Save Money When Buying Life Insurance

By Erik Folgate

Like many other products and services offering lower prices due to harsh economic conditions, consider buying term life insurance this year. The rates on term life insurance are lower than ever. A male, non-smoker at the age of 40 can expect to pay $400 or less per year for $500,000 in coverage.

At Money Crashers, we only recommend term life insurance over permanent life insurance such as whole life and universal life insurance for these reasons:

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  • We do not believe that you should mesh your investments with your insurance policy.

A List of Companies Planning to Start Hiring Campaigns in 2009

By Erik Folgate

Looking for a job like me? Like I explained before, I am going to start a financial counseling business, but for now, I need something to hold me over and help us reach our goals of paying off all of our debt in the next two years.

My mother forwarded this article to me from Career Builder via CNN: 13 Companies Hiring in 2009

There are a wide range of companies on this list and many of them post job opportunities online. The only problem with applying online is that you never knew if your resume reached the right person.

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9 Financial Resolutions to Make for 2009

By Erik Folgate

  • MSN Money has this article about financial resolutions for 2009. We often overlook our finances when thinkng about resolutions. Many people want to lose weight, stop smoking, do more house projects, but often overilook making financial resolutions.

    Here are the nine resolutions from the article:

    1. I will accurately assess my financial situation.
    2. It’s easy not to be realistiic with your financial situation. I learned at an early age to asses my finances honestly. I am an optimist, but I look at my budget with realism.

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    3. I will diversify my assets — for real this time.
  • Busch Gardens Stops Giving Away Free Beer

    By Erik Folgate

    The effects of the economy slowing down are hitting people in every aspect of their life. Now, if you visit Busch Gardens, you won’t be able to enjoy a free glass of beer courtesy of Anheuser-Busch anymore. The company decided to nix their hospitality centers at Busch Gardens that are famous for giving out glasses of Bud and Bud Light. Busch will be converting the hospitality centers to cafes and restaurants, and they cite the reason for taking away the free beer is because it alienated guest of the park to only people 21 and over. Yeah right. They’re struggling financially, and they punish the customers for it.

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    Find The Career You Love in 2009

    By Erik Folgate

    I am excited about 2009, because I am expecting big things to happen in my life. I have the opportunity to start a business and we will be spending a full year in Orlando, a town that I’ve never lived in before. In October, I left my day job as a claims adjuster. There were many factors that went into the decision, but the main one was that my wife took a position as a physician’s assistant for a prominent neurosurgery practice in Orlando, Florida. I did not have an opportunity to transfer my job to Orlando, but I was thankful, because I got out of an industry that I was not passione about. I am a firm believer that we should all strive towards careers that we love, not careers that pay a lot of money. During my job search in the past few months, I realized that so many people take opportunities solely for the compensation and not the work they will be doing. Then, when they fail at that career, they wonder why it happened. It happened because they hated what they were doing.

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    Obama Gives A Speech About His Proposed Economic Stimulus Plan for 2009

    By Erik Folgate

    Obama is labeling the proposed plan as an “American Recovery and Reinvestment Plan”, and he wants it passed as soon as possible. The price tag could be $775 billion, and once again, politicians think the only way to get out of this economic slump is to spend more money. This philosophy was practiced by Bush and now Obama. Here is the speech he gave and released on radio and on YouTube.

    What are your thoughts?

    Financial Accomplishments and Failures from 2008

    By Erik Folgate

    Before we start looking ahead to the new year, reflection on the past year is always a good exercise when evaluating your financial goals for the coming new year. Don’t dwell on the past, rather reflect on your accomplishments and failures and learn from them. Here is a list of some of our accomplishments and failures from 2008.

    Accomplishments:

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    1. We more than doubled our income. My wife graduated from physician assistant school, and she accepted her first job. I left my job to move to Orlando where she accepted the position, but even with the money I make from blogging, we have doubled our income from 2007.

    My Favorite Story About Giving

    By Erik Folgate

    Coincidentally, my favorite story about giving involves a gift I gave to someone, but don’t take this as a self-serving story to build myself. The summer before my senior year of high school, I went on a mission’s trip to Cuenca, Ecuador with my church’s youth group. Cuenca is a quaint town nestled in a valley of the Andes Mountains, and it is one of the most beautiful places I have ever visited. The mission was to bring a small bit of medical supplies relief to the physically handicapped in Cuenca. In order to be a part of the trip, each high school student was required to bring a wheelchair with them. We also brought dozens of canes and walkers along with us. As you can imagine, checking 42 wheelchairs on an airplane was no easy task, and the airlines wasn’t even prepared for us to be bringing them despite the fact that we warned them weeks in advance.

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    What Will Be Your Investing Strategy For 2009?

    By Erik Folgate

    We all had a rough year with the stock market, and we all know how much money our 401(k) and IRA lost this past year. We’ve also seen our home values drop, and we’ve watched our friends and family go through painful foreclosures. So, where do we invest our money? CD’s? The banks are going out of business. Money markets and bonds? Sure, if you want your money to rot. Stick it under your mattress? Hopefully, you won’t stick it under your mattress, but I have a feeling that some of you are contemplating it!

    What I Will Be Doing

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    How Much Did Your 401(k) Lose This Year?

    By Erik Folgate

    I don’t like to dwell on the past, but I was curious how much you all lost in your 401(k) this year. Obviously, this is personal information, so you can share with us the percentage lost rather than an actual dollar amount. My money was pulled out at the end of October, because I left the company that held my 401(k). I decided to roll it into an IRA, rather than keep it there. Just in September and October, my account lost about 30 to 35% of its value! That’s pretty depressing, but I found solace in the fact that much of that money was matched contributions from my company.

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    How To Save Money On Shipping Christmas Gifts

    By Erik Folgate

    This is the busiest time of the year for the post office and other package shipping companies. One of the hidden costs of Christmas is shipping costs, and we often overlook the extra expense. I know you have all experienced the shock of going to the post office to ship a few packages and you walk out having spent a $100 just to ship a few gifts! Here are a few tips for helping you save some money this week as you rush to ship out the rest of your gifts.

    Use Bubble Wrap Instead of Newspaper

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    The $50 Billion Dollar Reason To Manage Your Own Money

    By Erik Folgate

    Over the weekend, Bernard Madoff of Madoff Funds, was arrested for securities fraud, and he has admitted to swindling hundreds to thousands of investors out of $50 billion dollars over an undisclosed period of time. Madoff has been in business managing investments since 1960, but he also ran a hedge fund that was basically a Ponzi scheme. A ponzi scheme is a scam where early investors are paid investment returns from later investor’s money. Eventually, all of the money is gone and everyone loses out. There is never enough money to support the money paid back to earlier investors. Madoff’s hedge fund was boasting huge returns on investment, and this is how he attracted so many investors, including big names like Steven Spielberg.

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    Need To Make Some Extra Holiday Cash?

    By Erik Folgate

    My wife and I just realized that we did not plan adequately for Christmas gifts this year. The reason is that we bought a house in October, and we’ve been putting a lot of time, thought, and money into some home projects that we wanted to get done before we started entertaining during the holidays. So, we looked at our budget the other day, and we realized that we needed to come up with some extra cash to pay for more holiday gifts.

    US News has 7 ideas for making extra holiday cash if your holiday gift fund is depleting quickly.

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    The Top 10 Gift Cards To Buy For The Holidays

    By Erik Folgate

    Many holiday shoppers strive not to buy gift cards for their friends and families as gifts, because the notion is that you took the easy way out of buying someone a gift. Personally, I think gift cards can be just as personal as a traditional gift, as long as you buy the right gift card for that person on your list. For instance, buying a Best Buy gift card for your mom who has no interest in electronics would be a waste. But, buying a Best Buy gift card for someone like me, who loves new gadgets, would be a great gift for me. So, here are my top 10 gift cards to consider for the people on your list.

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    Information About A Possible 2009 Economic Stimulus Plan

    By Erik Folgate

    During the presidential election, Barack Obama spoke about proposing an economic stimulus plan for 2009. Originally, Obama and Congress wanted to get a stimulus plan passed during his lame duck period, but Congress is no longer in session until the beginning of the new year, so it looks like that isn’t happening. The Democrats wanted to get two stimulus packages passed, one by the end of this year, and then another one in the beginning of 2009. Now, it looks like they will push for one comprehensive stimulus plan in January or February of 2009.

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