Monday, August 25, 2008

Earning Passive Income With Your Own Blog

In our last entry, we discussed the meaning of financial freedom. You don't have to be wealthy to be financially independent. If you live simply, financial freedom is easier to attain.

Passive income is one of the ways to reach the financial freedom you crave. Consider how your full-time job works. You trade hours for dollars. Unless you put in more hours, your paycheck will always be the same regardless of your personal efforts. You may get a raise or bonus in a few months, but that is at your boss' discretion. With today's tough economy, many bosses are not giving raises or bonuses even to their best employees. So where does that leave you for all your hard work? Most likely, a day behind and a dollar short.

Establishing a passive income business means giving up evenings and weekends for awhile. Further, you don't get paid until your enterprise starts picking up. These two factors wind up discouraging many people from taking it to the next step of success. Devoting hours without getting a paycheck gets frustrating. But think about it - that's because everyone has told you to get paid right away for what you do.

Passive income doesn't work that way. It's a building process, like any business. You need to put in a lot of time, effort and a piece of yourself to make it work. The good news is passive income is work you only have to do once - but you keep earning money from it. For example, if you write an ebook you only have to write it once. However, you can sell that ebook for years and continue to make profits even when you're on vacation.

A popular way to establish a source of passive income is your own blog. It's free to create a blog in Google and you can include your own ads to generate revenue. Without investing anything other than your time, you can wind up with a neat source of additional income. If your blog takes off like some of the pros, you can even quit your day job! That's what passive income is all about.

Sunday, August 17, 2008

The Meaning of Wealth

When we dream of financial freedom, we think of long days without work so we can do whatever we choose. Does this mean you have to be wealthy?

Not necessarily. If you downsize your home, have one car and live simply without credit cards, you can attain financial independence. You aren't tied to anything and your days are your own. As long as you have an ongoing source of income, you're well set.

Passive income is the key to attaining financial freedom on any level. By having money come in from enterprises when you're not working, steady income is achieved. But how do you earn passive income? Where does it come from? More in my next entry about the meaning of true wealth and how to get it...

Wednesday, August 13, 2008

Basic Back To School Savings Tips

Is it back to school already? Where did the summer go? It always flies by too quickly with so much you still want to do. The ads everywhere are reminding us to curtail our summer fun a bit to do some back to school shopping.

A few penny-pinching suggestions from the financial fashionista:

-peruse the clearance racks for back to school clothes because your kids will wear them for the first few weeks;

-shop for fall items in about a month when the sales start but before all the sizes you need are sold out;

-buy back to school necessities now when they are at the lowest prices such as pencils, erasers and pens - of course there will always be a teacher who requests a specialty item when the kids go back but basic items are least expensive in August; and

-buy for next summer now by getting swimsuits in the next size at rock bottom prices.

These little tips make back to school more affordable for all of us - now go enjoy the rest of the summer while you still can :)

Tuesday, August 12, 2008

Cheap Gas and Cheap Tuition for Back to School

Alright, there are two deals to talk about today from the Financial Fashionista. With back to school right around the corner, savvy students may still be scuffling for all the best tuition payment options. Simple Tuition makes searching simple so check it out
-http://www.bzzagent.com//p/8711256314/mamask

Another little tip figured out by some smart guys who follow statistics - the cheapest day to purchase your gas is Tuesday. That's right, when you want to fill 'er up choose a Tuesday for cheap gas - until the gas companies figure out we all know and switch the low price day again.

Thursday, August 7, 2008

Mineral Makeup For Good Looks On A Dime

Mineral makeup is the latest way to look more beautiful. Natural mineral makeup gives you the appearance of wearing high end cosmetics without the cost. Even better, mineral makeup feels lighter and more refreshing on your skin than heavy makeups that cake and crease. Feel and look smoother and more attractive when you slip into mineral makeup. Just another way to save a few bucks will staying a fabulous fashionista!

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Wednesday, August 6, 2008

Go Green For More Green

Going green means more green for your other bills. Green efforts save the environment and money. When you minimize your use of electricity, you are also protecting the environment. There are hundreds of little ways to save money while you show greater consideration to the natural world around you.

One little tip - never use the whole dryer sheet. I know there are environmentally sound ways to make your own dryer sheets but I haven't evolved that much yet. I tear the dryer sheets in half and reuse each half. By doing this, I get four loads of laundry out of one dryer sheet. That equals significant savings to the environment and my budget.

What green measures do you take to save money and the world?

Tuesday, August 5, 2008

Financial Freedom 101

What exactly does financial freedom mean to you? Does it mean shopping whenever you want without worrying about money? Does it mean you don't have any outstanding credit card bills? How do you define financial freedom?

Defining financial freedom help you set goals for your future. Basically speaking, when you are financially free you are not tied down to bills and a job. You have enough resources to cover your basic needs without worrying.

Financial freedom is easy to think about but more difficult to attain as the cost of living increases everyday and your paycheck stays the same. How can you reach your goal of financial freedom when you can barely make ends meet? You are not alone. Many people live from paycheck to paycheck, wondering how they will make it happen next week.

Trading dollars for hours is clearly not the solution when it comes to financial freedom. While you can survive on that concept, it is a precarious situation that can be overthrown with one illness or the loss of a job. Tomorrow we will talk about ways to attain financial freedom along with ways to avoid getting in over your head.

Monday, August 4, 2008

Surfing for Coupons

I am always completely prepared to save money every time I go shopping. How do I make sure I get discounts? It's simple. I do an online search for "[store name] coupons" and "[store name] printable coupons". Whether I shop online or in person, I always have money saving coupons.

However, even a smart shopper can learn from her mistakes. I went to my cousin's bridal shower yesterday (it was an awesome event by the way - I'll discuss some money saving shower ideas in tomorrow's blog) with my mom and daughter. It was the first bridal shower for my 7 year old little girl and she really enjoyed herself at the fancy luncheon. In the spirit of enjoying a girl's day out, we all stopped at Kmart on the way home to do some back to school shopping.

I had no idea we were going to Kmart and don't keep coupons on hand because there is no Kmart in my neighborhood. The woman in front of us on the checkout line had a 20 percent off coupon, which would have really come in handy for our $80 purchase of back to school clothing (an an incredible outfit for me - more on that later). We asked where she got the coupon and she said she was on the mailing list but you could also find them online. What a great way to remind me to keep ALL stores on hand when I'm going out on the town! Next time I visit my mom's, I'll print a Kmart coupon - just in case!

With regard to the outfit I got, you MUST check out Basic Edition new pull on dress pants. They have classic seersucker, herringbone, houndstooth and plaid design. The quality is outstanding and the comfort unbeatable. I prefer dress pants from the Talbots so I was really suprised to find a pair at Kmart that looked so attractive. With their Sunday/Monday sale, I saved 20 percent off the already low price of $9.99. I also found a fabulous Basic Editions top with embroidery and sequins and a matching cap in khaki with gold metallic threads and brass buttons. This classic outfit looks like it cost over $200 but I actually spent less than $20 (including tax). If I only had that coupon, it would have been an even better deal...

Friday, August 1, 2008

Financial Freedom With Coupons

My husband used to cringe when I brought out my coupons. When we began paying off debts, buying a home and getting better cars, he started to see the value of coupons.

There's nothing embarassing about using coupons. In fact, coupons are just like free money. Simply for using a coupon you spend less on what you want or need. Coupons for grocery items make good common sense. After all, you need to buy juice or bread anyway so you might as well use a coupon.

I use coupons for everything from dining out to groceries to clothing to haircuts. Peruse your local publications, newspapers and magazines for coupons. Visit manufacturers' websites and sign up for their newsletters. Visit your local library to see if they have a coupon exchange. When you see the savings tally up, you'll be proud to whip out your stack of coupons!