Thursday, July 12, 2012

'Hard Times: Lost On Long Island'

The documentary 'Hard Times: Lost On Long Island' premiered this week on HBO. I was very interested in watching it because I live on Long Island. The documentary follows a number people from Long Island who are middle aged and have either lost their jobs or are under employed. I’m sure this film could have taken place in any numbers of towns in America and these peoples story are not unique. I found the overall story very interesting, how the prolonged unemployment leads to possible depression and foreclosure. What I would have liked to see explored in the documentary was how the people handle their finances up to the point that they lost their jobs. Were they financially prepare for this change in their lives. Overall 'Hard Times: Lost On Long Island' is worth watching and should provoke thoughts of how would you handle a situation like this.

Can you local listing for airdates or the documentary can be found on HBO on Demand or HBO Go.

Have you experienced a job loss? If so how did you handle it?

Wednesday, June 13, 2012

Residual income or linear income?

What type of income do yo earn? For most linear income is the standard. The kind of income that is earned as you work. A per hour wage or a salary for a set amount of hours.

Residual income is income the continues to generate income after the initial work is complete.

I have been racking my brain for the last few months to come up with some good residual income ideas. This blog could be one. With enough traffic, and some ad clicks it could earn some extra cash and its available to the world 24-7.   I have recently set up a youtube account and posted some videos with Google ads enable as well, as a possible residual income money maker. Here's some examples:

I did this based on the amount of time my 3 children spend on youtube watching videos and the fact that the Shaytards are making a living base on their videos views. Content is king, and I lack some, but plan on add more shortly.

So as I continue to work on residual income ideas, I like to hear if you have any.
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Monday, May 21, 2012

Evil at the Gas Station?

If high gas prices were not enough to make you go broke during you summer vacation you better double check how you are paying for your gas. Many gas stations have starting charging $1 or $2 more for customers paying with credit cards. Ouch, just another good reason why you should pay with cash or debit. Some gas stations are not advertising these charges very clearly, so check the fine print at the pump before filling up the car. If you don’t have cash on hand and are low on gas it might be cheaper to hit the ATM and pay the 1 time surcharge then the $1 per gallon additional charge.

This increase is due to the banks charging the stations a swipe fee for the use of the credit card. The charge is a percentage of the total sale, so as gas prices rise, so has the cost to use plastic. So the Evil isn’t really at the gas station it could be what’s in your wallet.

Thursday, May 17, 2012

Somebody I use to Know

When ever I hear this song I think of my credit cards, well my former credit cards. It’s been almost two years since my family and I cut all but one of them up. The one we have today has a modest $1000 limit. We never use it. It was a scary leap at first taking the so called safety net out from under us. We soon realized we didn’t need them, they provided short term gains for years of suffering. We use cash for everything, if we need to travel, rent a car etc, we use our debit card. We are just simply make sure we have the cash in the bank to cover our purchases. Unlike years past where we would charge it to the credit card and pay for it for years to come, we will never do that again. Here are some lyrics from the song that make me think of credit cards:

Now and then I think of when we were together
Like when you said you felt so happy you could die
Told myself that you were right for me
But felt so lonely in your company

You can get addicted to a certain kind of sadness

Now and then I think of all the times you screwed me over

But you didn't have to cut me off

Make out like it never happened and that we were nothing

Now you're just somebody that I used to know

How do you use your credit cards?
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Tuesday, April 24, 2012

Greenpath Webinar

Money mistakes, we've all made them! - On Wed. April 25, join us online for "The 12 Common Money Mistakes People Make!" part of GreenPath's Webinar Wednesday!
We will cover the mistakes that can cost people thousands of dollars, and how to avoid them. Sign up for this FREE financial webinar, brought to you by GreenPath University and GreenPath Debt Solutions...