David S. Finch

How to Be a Millionaire by 30

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Imagine what life would be like if you where a millionaire? What would you do different if you had more financial freedom? Do you know what you have to do to make that happen?

With a strategic plan and a whole lot of determination, the possibilities are available for anyone to make more money than they ever have. In this video, there are some rewarding tips that will get you thinking about your financial plan for the future.

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How to Count Cash: The Global Edition

There are basic principles that everyone around the world apply to generate income. The difference globally is not how you make it, but how you count it. Here's a fun video that shows just how different money counting is.

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The Best Credit Cards for Your Business

Businesses are constantly being targeted by credit card companies for their business. Choosing the right card that benefits with:

cash back
balance transfer
paying your bill in full
carrying a balance
the road warrior

Inc.com: What's in Your Wallet

"Credit card companies want your money. That's nothing new, of course, but the number of cards aimed at small businesses is. "The big card issuers are kind of foaming at the mouth," says Ben Woolsey, director of marketing at CreditCards.com, a credit card information website. Discover (NYSE:DFS), for example, launched its first small-business card this year, and American Express (NYSE:AXP) has recently introduced a small-business card called Plum. The average APR for corporate credit cards is 13.2 percent, according to CardRatings.com, a consumer advocacy and research company based in North Little Rock, Arkansas. But with a good credit rating, you can do better--and get a bevy of other benefits. Here are some of the best credit card offers for small businesses with a strong credit history."

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photo credit: theconsumerist

Technorati Tags: business, credit cards, finances

7 Ways to Increase Your Income

Are you looking to increase your income? I haven't met a person yet who isn't wanting to find more time and more money. Getting rich quick schemes are not the answer, but if you become creative you can discover legitimate solutions.

How to Plan to Get Ahead? Ways to Increase Your Income

"Wouldn’t it be a great feeling to finally realize you’re financially independent? I know I would be. But to get to that point, we all need to build up enough of a nest egg that would be substantial enough for us to live on for the rest of our lives. In the absence of such a boon, we continue to rely on our own labor to keep us going from day to day.

I look around me and find that lots of people are taking their destinies into their own hands. A couple of co-workers have begun investing in real estate. Someone I know “day trades” during his spare time (at his own risk) — well, he actually does “night trading”, since he does it after work and into the wee hours of the morning. Someone else has an eBay store or two.

What’s great is that there are many ways to make a living and to earn an income. I’ve always functioned with the thought that if I find myself “stuck” in any one position without progressing or moving forward in some way after a bit of time, then I need to evaluate where I’m at and see if there’s any way I can break the monotony of my situation. If you’ve ever asked yourself “is this all I’m cracked up to be?” or if financial and economic progress is important to you, while you find yourself scraping by, then you may want to look into some ways to change your situation.

Ways To Get Ahead: Professionally and Financially

1. Get skills.
2. Become a career or corporate worker with an eye towards job advancement.
3. How about job hop till you drop.
4. Start investing
5. Moonlight, with dual jobs and quadruple incomes!
6. Consider building alternative incomes with side businesses.
7. Become a full-time entrepeneur."

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photo by: janbrasna

Technorati Tags: entrepreneur, finances, income, investing, stock market

How to Succeed in the Stock Market

Investing in the stock market can be overwhelming to the new investor. However, beginning with a good foundation can pay dividends in the future. MyTrade.com sponsors a Daily Idea on how to succeed in the stock market.

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Are You Planning for Retirement?

Often times the last thing we think about is planning for retirement. Depending on the financial education you've received, many individuals don't get started on retirement planning early in life. Whether it's the thought that everybody else will age but you or your to busy building business and advancing careers, retirement is something that shouldn't be ignored. Retirement is a real issue and the sooner you start planning the better your retired life will be.

Leo of Zen Habits says one of the best ways to get started is:

"Max Out Your 401(k). Probably the easiest and best thing you can do to get your retirement plan going. It’s easy, especially if you are an employee, as you are probably already enrolled in a 401(k). All you have to do is fill out a form to increase it to the maximum contribution. And if your employer matches a certain percentage of your contributions, that’s free money right off the bat. Best of all, you get tax breaks up front on your 401(k) contributions, saving you a ton of money."

You can read Leo's article, "7 Things You Can Do Today to Prepare for Retirement" at Zen Habits.

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photo credit: obfusciatrist

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Gas Prices $3.10!

Gas prices rose today here in the midwest to $3.10 a gallon for regular gasoline. Personally, I don't think this will ever end. From a negative perspective, I hate the constant change of prices. You never know from day to day how much you'll be paying. On the positive, I think it's forcing many to think about alternative ways about transportation.

On of the things that I was really impressed with in my European travels was the public transportation system. While in Germany I was impressed with the ability to connect to any little town with either a bus or tram. As matter of fact, my friends that I was visiting never owned a car for the entire time they lived in Germany.

I believe that to truly equal out the playing field we need to explore all types of alternatives: biodiesel, electric, improved public transportation, how communities are developed, as well as solutions that the average consumer can implement even now to not be a slave to such prices. When I think of how much I pay to maintain a vehicle its sickening, gas, maintenance, payments, insurance not to mention all the little expenses that find their way into my pocket.

The sad thing about all of this is that the automotive business is so big I don't believe that will see major changes until it starts to effect their profit margins. As we all know profits always come before the consumers.

Technorati Tags: finances, gas prices

7 Finance Tips from a Guy Who is Broke

Because I'm constantly looking for ways to maximize my funds and create additional sources of income, I wanted to pass this on. I'm sure you've had those thoughts what you could do if money wasn't a problem. With that thinking we always think of additional income, but what if we created ways to spend less, earn less all at the same time being able to do the things we really want to do.

Chris Brogan writes, "7 Finance Tips from a Guy who is Broke"

"Keep the change- Whenever you pay for anything with cash, always pay with bills. Then, take the coins at the end of the day and put them in a big jar. Use this money for the occasional treat, or put it towards a vacation. It’s a painless way to save some cash.

An Anti-Raise- There’s great advice out there that says, when you receive your annual raise, adjust your direct deposit such that the raise doesn’t ever hit your paycheck. Instead, shunt it off into savings, or into your 401K, etc. Just don’t let it hit your pocket. Well, if you’re me and you never took that advice, consider giving yourself an anti-raise as a way to start fixing your finances. I called up my bank and had them put roughly 5% of my pay check every period into my Savings account. When I get a decent little chunk in there, I’ll pay off a few things, and then transfer the rest into investment
Pay Debt vs. Save Up- If you’re really in a bind and not sure where to start, nail your credit cards and bigger loans (not counting your mortgage) before socking away money in savings or money market accounts. Why? Because most credit cards have interest rates that will negate any effort of saving if you’re carrying a balance.

Negotiate a Better Card- There are tons of credit card companies out there. If you’re trying to put your house in order, shop around for the possibility of transferring your balance into a low or zero-percent rate so you can get a little relief. Use that relief to get the card paid down to zero as fast as possible. BONUS HACK: Often times, once you know you have another option, you can call your current card company, tell them you’re getting ready to transfer your balance to another provider. They’ll sometimes (often?) offer you the same deal that the new company is offering, and I think that’s better, from a credit record point of view.

Multiply Tiny Expenditures- Say you’re stopping by the local coffee shop for a large iced coffee and a bagel every morning. Say it costs $6. You might think, “Well, that’s not too bad. I didn’t have time at home anyway.” But, $6 x 5 days = $30 a week on breakfast alone. If you spent even $15 ahead of time on grocery options that gave you things you can take with you from home, that’d cut that cost in half. Look also at magazine subscriptions and ask whether the value you’re saving off the cover price is really the same as whether you read the magazine every month. Ditto your cable TV service. Do you need all the channels you’re paying for?

Consider Your Entertainment Budget- Are you paying for cable, Netflix, movies in the theater, live concerts, and more? If you threw your weekly revenue amount onto a spreadsheet, showing what you made, how much you paid in rent, bills, food, and other expenses, and then had a break-out column for entertainment, what percentage of the cash you’re spending in a given week or month would your entertainment budget be? How about if you add in your hobby spending, like that new lens for your camera, or that replacement iPod? How does that impact the way you see your finances.

Plug the Holes- I learned this one when reading about adding a solar power system to a standard electrical system. The author of the article said that he was able to save money on his energy bill WITHOUT building the solar power system by doing a simple audit in his home. He found these items to be power-suckers (and thus expenses to you): modern TVs and DVD players. If they’re plugged in, most of them are drawing a significant amount of power to be in “standby” mode instead of off. Ditto your power supplies for recharging, like your battery charger for your cell phone, your digital camera battery charger, etc. Go for a walk around your house and see how many devices are plugged in that are drawing power without being used."

7 Fiance Tips from A Guy Who is Broke [Chris Brogan]

Technorati Tags: finances, money, self-help