Archive for Spending

Are You A Netflix Fan?

If you’re anything like me, you absolutely love movies! I have loved movies since I was a little girl. My favorite movie is Coming To America, starring Eddie Murphy. I think I’ve seen that movie about 100 times. I can pretty much recite the whole movie.

When Netflix first came out, I was super excited. My cousin has Netflix and gave me her user-name and password, so I started watching movies on my IPad. I then bought a connector so friends and family could watch movies with me on our TV.

I never even thought about how much money Netflix is loosing as a result of people like myself. Netflix currently has 29.17 million paid subscribers in the U.S. The number is really higher than that worldwide because I know many people who have Netflix here in Canada, including myself. I am now a paid subscriber, because my cousin gave several people her user-name and password, and there would be times when too many people would try to watch movies at the same time. Netflix only allows 2 people to be logged into a Netflix account at the same time, which meant, I couldn’t watch movies whenever I wanted to.

Up to 10 million streamers are not paying to watch movies. They are using someone else ‘s account. Since Netflix has realized they are loosinf a ton of money, they came up with a new plan where subscribers will pay $11.99, which will allow up to 4 other streamers to watch movies at the same time. It’s a good move for Netflix in my opinion, because I don’t know how many people are going to actually pay more money for their friends to watch movies from their account, which means everyone will have to pay $7.99 which is more money for Netflix in the long run.

Would you pay $11.99 for your friends to use your account?

Photo by Cut Them Coupons

150 Words on: What Do You Spend Money On?

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

“Ah, yeah I should have an emergency fund, but I need those designer shoes, and since I don’t have the money I’ll just charge it”. I have several friends that think that way, but are constantly complaining about not having any money. It’s really not rocket science. If you save you will have money, if you don’t, you won’t. It’s really that simple. Another one is, if you spend less than you make, you will have a little something at the end of the month, if you spend more than you make, you will be broke. I know we learned adding and subtracting in  grade 1, or maybe even kindergarten, so we all know this, it’s just putting it into practice! It may take some work, but it’s so worth it!

Making Use Of The New Home Buying Process

Over the years, many people carefully watch how they spend their money.  Whether you keep track of how much you spend daily on coffee, a week’s worth of lunches, or even the occasional night out, it all adds up in the long run.  In fact, keeping an eye on small expenses is only the beginning of prudent fiscal management, and a commitment to a frugal yet fulfilling lifestyle.

One of the biggest purchases you will ever make in your life is a home of your own.  The magnitude of buying a home impacts not only how or where you live, but also your financial security and credit score.  Before you qualify for a home loan, you must meet the requirements established by banks.

Your credit history speaks volumes to a bank, and directly affects what you can expect when you apply for a mortgage.  The Canadian housing market changed over the last few years as regulators tightened access to credit in the fallout from the global recession.  As a result of the tighter rules, a mortgage is subject to stricter terms and conditions over less time. Your personal financial history impacts what you can negotiate from the tougher conditions.

The internet makes the process somewhat simpler, particularly if you are a first time homebuyer.  The housing market is very different compared to what past generations experienced, and the process is particularly challenging for people who are entering the market for the first time.  These changes include simple concepts such as using online comparison websites where you can compare mortgage rates from some of the leading providers across Canada all in one location.

This is a particularly valuable service because it helps you reduce the amount of time you spend finding a mortgage that meets your requirements.  Today’s market is all about speed and convenience, which makes comparison shopping from the comfort of your own computer or on the go using your smartphone all the more important.

Perhaps even more important is that by using the internet, you can find mortgage rates and terms from some of of Canada’s lesser known providers.  While a better deal isn’t always a guarantee, sometimes the smaller companies advertise a better mortgage than their larger counterparts, which can save you thousands, if not tens of thousands of dollars over the course of your mortgage term.

The decision to buy a home isn’t one to be made lightly, but anything you can do to make the process more rewarding for yourself is for the best.  The government tightened up lending conditions, but you can use a few handy tools to acquire the best mortgage to make your homeownership dreams come true.

Do you check online for rates?

This is a guest post

150 Words on: Why Do People Buy Things To Impress People?

 “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” – Will Rogers

This has got to be one of my favorite quotes, because for some reason we seem to think people really care about what we have.  When the truth is, no one really gives a rats behind if you just bought a 2013 Range Rover. What makes it even worst is when people buy these things and end up having to get a second job to pay for it.

How many times have you seen someone buy a car, just because someone else has it? Did they really even want or like that vehicle? I wonder how it feels to have to get a part time job just to pay for something you don’t even like. I have seen people do this time and time again.

Not smart!

Photo by Luxorium

Ten Things We Can Learn From The Richest People In The World

The richest people understand that there is nothing wrong with the creation of wealth. They are admired for their ability to make money by the millions. Money helps people to pursue the projects that they are most passionate about and have a positive impact on the world.  Many people dream of being rich, but only very few achieve it. What do they do differently?

1. Want To Be Rich, Not Financially Comfortable

You need to want to be rich and focus on your efforts to be rich and not just financially comfortable. If you want financial comfort, aim for financial comfort, but don’t hope to get rich.

2. Take The Right Opportunities

We often hear about the richest people that they got rich because they took advantage of the real estate boom or some other phenomenon. In fact, they got rich because they saw an opportunity where others saw a risk.

3. Respect Other People

Instead of a feeling of envy, rich people admire those who have managed to accumulate a substantial wealth. That happens because they understand the mechanism and sacrifices that come with being the architects of their own wealth.

4. Promote Your Values

Without feeling boastful, rich people are fully aware of their strengths and they promote their own value. In this way, they become masters of marketing, and they end up promoting their products and services with enthusiasm and conviction.

5. Surpass All Obstacles

Although we may tend to believe that rich people have no problems in their lives, the truth is that things don’t always come out the way we want, no matter how rich we are. What we can learn from rich people is the way they don’t allow problems to become obstacles. They look for solutions instead of putting their head down and giving up.

6. Get Paid For Results

One attribute of rich people is that they choose to receive money on the value of their results. That motivates them to work harder and improve their results all the time. That is why commission based arrangements are so stimulating and allows people to earn more money.

7. Think Net Worth

The richest people in the world don’t associate wealth with income alone. In fact, they focus on four important aspects: income, savings, costs, and investments. Optimizing these four elements leads to substantial wealth.

8. Money Management Is Crucial

It is very important that you manage your money well. Rich people are very careful on how they spend money. Money management is vital for accumulating and maintaining wealth.

9. Invest Your Money

The richest people in the world have their money generating more money for them. In financial terms that means investments. It is incredible that passive income, money coming from investing money, is one of the wealth-generating avenues most appreciated in the world of the richest people.

10. Learn Constantly

The process of learning never ends with the richest people in the world. Knowledge and information is what keeps them at the forefront of their field. They never stop acquiring new knowledge.

Getting rich is in fact a complex process where people are the architects of their own wealth, using and promoting their own values, and taking the right opportunities at the right time. The life of rich people is about overcoming your fears and taking calculated risks.

Rich people create their own lives and this is the belief they defend and cherish. They don’t leave their life at the hands of faith. They are neither the smartest nor the luckiest people on earth. What makes them different is their mindset.

This is a guest post

What have you learned about rich people?

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