Monday, March 2, 2015

Penny For Your Thoughts: Stefanie O’Connell

http://www.fusioncash.net/?ref=premar16

 Today's thoughts are brought to you by........  Stefanie O’Connell

Deemed the Mindy Kaling of personal finance, Stefanie O’Connell is a money expert, author and entrepreneur whose primary focus is keeping the discussion of money simple, honest, and real.  Stefanie and her work have been featured on such major media outlets as The Wall Street Journal, Forbes, and USA Today. Through her blog, thebrokeandbeautifullife.com, book, and appearances, she hopes to spread financial literacy nationwide- empowering people of all ages, in all professions and at all income levels to maximize their money and achieve financial freedom.
brokeGIRL rich wanted to know- What do you recommend the first goal be for someone freshly out of debt? 

If you haven’t already fully funded an emergency fund, a savings account with 6-9 months worth of living expenses, that’s step one.  Now that you’re out of debt, you need a buffer to ensure you don’t fall back into debt should an unexpected emergency expense arise.

Budgetlovingmilitarywife asked-How big of a nest egg will someone need today to retire at age 65 years? and 30 years from today? 

There are so many different answers to this question depending on who you ask.  Some experts recommend having banked 8 times your annual pre-retirement pay, others recommend having as much as 12 times your yearly earnings saved.  Still others recommend an alternate approach of saving 33 times what you expect to spend in your first year of retirement.  The more frugal your retirement lifestyle, the less you need to save up to start enjoying it.

The question gets even more complicated with the quickly evolving retirement landscape.  With rising healthcare costs, disappearance of pensions and the long term viability of social security in question, those who are still 30 years from retirement should plan on setting aside as much as possible as they will likely be relying on more of their own savings come retirement.

Mrs. Frugalwoods said- I'd ask how they've been most/least successful in their savings and frugality efforts. And, what they wish they hadn't spent time and energy on.

While I’ll do quick checks for coupons and discounts, I don’t spend hours pouring over circulars.  For me, looking for bigger savings provides a far better return on investment.  For example, I’m happy to set aside the time to score a free airline flight, but putting in that same effort just to save $10 on groceries, not exactly the same reward.

Debt debs wondered- Best financial decision / practice that they have done themselves? Worst financial decision / habit that they have done or that they've heard of (maybe they don't have anything that bad)?

I started investing when I was 24.  It was 2009.  It wound up being an amazing decision because not only did I get in young, I got in while the market was still reeling from the financial crisis.  My investments have surged over the last 5 years and I’ve just sat idly by enjoying the climb.

One of the things that really drives me crazy is when young people with high incomes and minimal financial obligations spend everything they earn without setting anything aside.  It’s such wasted opportunity. I have one friend who bought a jeep for 40k and sold it a year later for 20k. That same friend, who has a six-figure income by the way, liquidated his ROTH IRA because he “needed the cash”.  I just shake my head.

Jessica Harlow- How much family finances info should you share with your kids, and when should you start?

I don’t have children but I’m a fan of open financial discussions.  I know a lot of parents introduce financial planning to their children with a save, spend, share method.  I think that’s a great way to get kids thinking about financial goals and short-term vs. long-term pay offs.

Sunday-How can financial independence be attained when income or earnings are not stable?

Now this I know all about :) Having had variable earnings my entire life I have to stay extremely grounded in my expenses and what I call my “make or break number”.  That’s the absolute minimum amount of money I need to earn each month to cover my basic expenses and make at least some contribution to my savings and retirement accounts.  If I make more than that, I have the flexibility to either add in some discretionary spending or more savings or hopefully, both. 

In terms of budgeting, I like to use the previous month’s income to set the following month’s budget.  That way I’m not counting on money that may or may not come in.  I only commit to spending what I’ve already committed to earning.



Thanks Stefanie for sharing your insights with all of us. Please enjoy your virtualImage result for penny  may it bring you good fortune and luck. For all of Stefanie O'Connell  latest news and updates visit stefanieoconnell.com.or brokeandbeautiful.com

This is the first interview in a 6 part series! Please come back next Monday for part two!
--------------------------------------------------------------------------------------------------

The Penny For Your Thoughts asks heroes, mentors, experts, and all around awesome people to share their knowledge, helpful tips, secrets, and more. Every other month we'll feature a new subject and interview based on your questions. Have someone you want to see featured, or questions you think we should ask? Email Me


If you have a suggestion for the interview topic for May then please share your thoughts at Ask Marty Anything


 Free Money at FusionCash!

Ask Marty Anything: DIY Crafts and Household Decor

http://www.fusioncash.net/?ref=premar16


Congrats everyone with your help we were finally able to choose a topic for April. We are going to get  Spring season by learning more about

                                     Image result for spring

      Household decor/organization and DIY crafts.

I am not an expert but I am pretty good at finding those who are! So tell me who you would love to hear from and your questions you want ask them. I will do my best to get them to answer your questions.


*I am not an expert but I am pretty good at finding those who are! So tell me who you would love to hear from and I will do my best to get them to answer your questions.
- See more at: http://www.thoughtsonlifeandmoney.com/2015/02/marty-presents-penny-for-your-thoughts.html#sthash.RweYMhTW.dpuf
                                     Let Your Questions Begin! Go to the comment section below and ask the questions you want and I will share the best questions in the interview


-------------------------------------------------------------------------------------------
Share your ideas for interview topics for May by going to the Penny For Your Thoughts Page!   I look forward to hearing your thoughts and your questions!


Free Money at FusionCash!

Sunday, February 15, 2015

The World's Best Valentine of 2015 is..

http://www.fusioncash.net/?ref=premar16

The third annual "Worlds Best Valentine" Contest has finally come to a close! This contest allowed all my readers to nominate their love ones for the glorious title and a dinner and movie package!
                                                                  
Thank you so much for the outpouring of love and great response to this contest I was so surprised.All of you represented your loved ones in such a way that I have to confess I got a very little jealous. Your family is so lucky!  I hope you all enjoyed yourself and that you will come back for of my ramblings in the future.

When I first started the contest I decided that I was going to judge it on my own personal preference.Whatever story I liked best was going to win! However after about entry number 7came came in it became clear that I was not going to be able to pick just one. Because no one love story is better than another... it just isn't. So I plugged the comments into and random generator and let fate decide!


And the Winner and Worlds Best Valentine is.......

"My valentine would be my boyfriend of two years. He is not only my best friend but also my care taker. See I have a chronic illness called Postural Orthostatic Tachycardia Syndrome which has caused me to go from being very active to being in a wheelchair. My boyfriend has been there with me every step of the way. He will cook me dinner, give me massages and help me wash my hair if I need him too. He is amazing and gives his all to help me live as normal of a life as possible. He even let me adopt a kitten knowing that he is awfully allergic just to see me smile. He will listen to me complain about my illness and provides for me as I am unable to work. He will skype with me if I am in the hospital and take me to my doctors appointments no matter how boring and how many there may be. He expected none of this when we started dating as I was a fairly healthy normal 20 something but the first time I fainted he was there to catch me and he has been there for me ever since. I love him to the moon and back, forever and always". 

My valentine would be my boyfriend of two years. He is not only my best friend but also my care taker. See I have a chronic illness called Postural Orthostatic Tachycardia Syndrome which has caused me to go from being very active to being in a wheelchair. My boyfriend has been there with me every step of the way. He will cook me dinner, give me massages and help me wash my hair if I need him too. He is amazing and gives his all to help me live as normal of a life as possible. He even let me adopt a kitten knowing that he is awfully allergic just to see me smile. He will listen to me complain about my illness and provides for me as I am unable to work. He will skype with me if I am in the hospital and take me to my doctors appointments no matter how boring and how many there may be. He expected none of this when we started dating as I was a fairly healthy normal 20 something but the first time I fainted he was there to catch me and he has been there for me ever since. I love him to the moon and back, forever and always. - See more at: http://www.thoughtsonlifeandmoney.com/2015/01/whose-your-valentine-contest.html#idc-cover

This year there were so many great stories that I decided that I need to choose a runner up!

Congratulations Karya! Here is her story

My boyfriend Jeff is the best part about me. As soon as I met him, he changed my life for better. He is the most caring and selfless person I have ever met in my life. He would bend over backwards to help even a stranger, and I've witnessed him do that multiple times. We've stopped countless times while driving around to help people with car troubles. He works with cars as a living so not only does he know what he's doing, he helps people save as much money as possible by fixing whatever he can. He is always putting others first and that's a quality that I admire so much about him. He is my best friend and always knows exactly what to say. Saying that I love him doesn't get the point across. He is a part of me, my soul, my being. Without him I would be incomplete. I can only hope that I can do as much for him as he does for me. He works a lot and we often don't have time to ourselves. We would use these gift cards to have a date night and spend some much needed time together. Thank you so much for reading and for putting on this contest. My email is karbonxo@gmail.com. And don't worry, I joined Fushioncash and your referral code was used. Have a great day!
 My boyfriend Jeff is the best part about me. As soon as I met him, he changed my life for better. He is the most caring and selfless person I have ever met in my life. He would bend over backwards to help even a stranger, and I've witnessed him do that multiple times. We've stopped countless times while driving around to help people with car troubles. He works with cars as a living so not only does he know what he's doing, he helps people save as much money as possible by fixing whatever he can. He is always putting others first and that's a quality that I admire so much about him. He is my best friend and always knows exactly what to say. Saying that I love him doesn't get the point across. He is a part of me, my soul, my being. Without him I would be incomplete. I can only hope that I can do as much for him as he does for me. He works a lot and we often don't have time to ourselves. We would use these gift cards to have a date night and spend some much needed time together. Thank you so much for reading and for putting on this contest.


Who will receive
$5.00 Gift Card

Please join me in congratulating Sara Kending and Karya (who will receive an email from me shortly) and thanks again to everyone who participated I hope you all have a wonderful Valentine's Day! Have a chocolate on me!

Free Money at FusionCash!

Sunday, February 1, 2015

Marty Presents "Ask Marty Anything" and More

http://www.fusioncash.net/?ref=premar16
Ask on Twitter using the hashtag #AskMartyMo


Hello friends! I have decided to start my own little interview series of my own. The "Penny for Your Thoughts" will be based on question from readers like you .

Here's how it works:


At the beginning of each month you may Ask Marty (that's me!) Anything by suggesting topics for us to discuss (within reason: for example no pornography or discrimination) which I will choose from. You can choose any topic you want ! And I mean anything.Then I will do my best to find experts in the field of that subject and interview them using YOUR questions.

*First you pick the topic that you have questions about and you want answers to.

*I am not an expert but I am pretty good at finding those who are! So tell me who you would love to hear from and I will do my best to get them to answer your questions.
 
 
What do you think we subject/topic should talk about next month? I't could be anything



Let Your Questions Begin!

.




Subscribe to our mailing list


* indicates required












click the link below to earn

Free Money at FusionCash!