Simple Steps to Save for Future Use

I wish I had a dollar for every person who tells me that they do not have the money to save for the future. They claim that it takes all that they have to maintain their life style. Then I follow them home and laugh. We are just going to talk about the obvious things that can help most people save for the future.

Supporting Wal-Mart and the Retailers

What I see at their residence is a bunch a junk lying around. Most of the clothing and appliances are rarely used. Many people have clothing bought months ago that still has the tags on them. Most of the stuff is bought because they wanted to make a fashion statement for that day. Some of the stuff was bought because they wanted it at the moment but really did not need it.
They have 5 TVs with only 4 people living in the house. They have 3 cars with only two drivers. The children have more toys than what they can play with. Every time a new toy is on TV, they rush to the store to buy it for them. That is not love that is stupidity, showing the children the same kind of spending patterns that the parents have.

Plan your purchases by first determining how the item will benefit you. Second decide where it falls into your families priorities. If it is still something that you need then use your computer and see if it is selling at the best price. For example, why pay over $100 per month for a cell phone plan at Verizon’s when a $45 per month plan at Wal-Mart will do?

Dumb Savers and Dumber Coin Droppers

I bet you have a large jar of coins on your living room table or on your bedroom dresser? Every time you have spear change, you put the change in the jar. So far so good. Now the jar is full. What do you do next? Many people just start another jar and do nothing with the full jar of coins. The longer you hold on to that jar of coins, the less the money in that jar is worth because of inflation. The best thing to do is cash it in and use it to fund your IRA account.

The dumbest people that I ever had contact with are people who walk along the street, find pennies in their pocket and just drop them on the sidewalk. Why do they do that? Because in their view, a penny is not worth anything. People like that I follow around because I pick up their pennies and put them in the jar on the dresser. It helps fund my IRA. I am getting free money. One hundred pennies makes a dollar. One hundred of these free dollars makes a hundred dollars. If I can make 10% off the hundred dollars, I will have $110.00. Free money!

Some of These People Smoke

Smoking is the most preventable cause of death in our society. In fact, nearly one in five deaths in the United States results from the use of tobacco. There are many reasons to quit smoking. The financial cost is just one. It might just be the reason you decide to quit.

The price of smoking must go up in the future. If you must smoke, roll your own. You can do that for $18.00 for a 2.5 pound bag of tobacco.

I tried to get my parents to stop smoking but they said that you have to die of something. I said “How about dying of old age?” This money can help finance your IRA. Some of you can fully invest in your IRA ($5,000 for age 49 or younger; over $6,000 after age 50) by using your smoking money. If you put $5,000 per year into your IRA and get no interest or appreciation, from age 30 to age 65, you will have $175,000 in your IRA Account. By using your smoking money for your IRA, you will live longer and have the money to keep you alive.