No, no, I am not going to talk about the health benefits that may reduce your doctor visits, medical costs, and/or insurance payments.
I am talking about the plethora of loose change! (And, yes, I am the type of person who picks up pennies.) Due to the various positions some machines want you in to get a good workout and due to people having headphones with music blasting so that they are oblivious in regards to their surroundings, coins fall from their pockets, and they abandon their small change for the taking.
No, I don’t wait and snatch their money when they leave. If I see money falling out of someone’s pocket, I would tell them. I am talking about finding coins laying around machines that haven’t been used while I am there. Obviously, the coins’ owner(s) don’t care enough about them.
I keep a special coffee can with these found treasures.
When the can is filled, I will use one of those automatic coin-counting machines to redeem a gift card, probably for Amazon or for iTunes.
Do you pick up pennies? Do you keep found money in a special container for a future use?
I apologize for the shortness of this post; I had a major deadline due this past weekend. Everything went well, but it took most of my time.
So, markets go up and markets go down. Drumroll, please.
I gained a measly 0.01%. (Ha, ha, ha) That’s the life of the stock market. At least, I am outperforming the S&P 500.
C’est la vie. Es la vida. Etc.
Have a great day!
So, there was a fortuitous article today at cnbc.com – “How long it will take you to become a millionaire.”
This short article talks about the importance of saving and the power of compound interest. Nothing groundbreaking or shocking. If you save money, you will have money. (Gasp!)
Yet, the article does include a link to CNN Money’s calculator on when you should expect to be a millionaire. Based on assumptions, I am currently saving on average $4500/month (savings and investments), and my investments have had an average return of ~9.00% (8.4% for my Roth IRA, 8.9% for my taxable, and 9.9% for my 403(b)).
According to the calculator’s results, I should be there in 2021 (in less than 5 years)!
So, readers, when’s your millionaire date? Put your answer below. If you already are, let us know!
To see if we are on track for retirement, I play around with online retirement calculators once in a while. Today, I picked AARP. If we assume that both of us will live until 95, live a lifestyle similar to what we have now, and retire at the age of 50, here is the result:
Do you have a favorite retirement calculator? If so, tell me in the comments, and I will pick it for my next blog about retirement calculators.
Today is pay day! Sing along with this. (It’s not my Youtube channel.)
With my employer’s match, I am saving/investing today 34.1% of my take-home pay (after taxes and deductions) today.
Due to last week’s ups and downs with the markets, my overall portfolio was down, but still performed better than the S&P 500.
Readers: What are you happy for/celebrating today?
And, no, I am not talking about your credit cards (if any)!
How much cash do you normally carry in your wallet? For no logical reason, I need to carry $40 on me whenever I leave my domicile. And, it has to be a twenty, a ten, a five, and five ones. With these specific (and number of) bills, I feel “safe.” And feeling “safe” has no price tag.
So, how about you? Do you feel the need to always carry cash when you leave your home? If so, how much? Does it have to be a specific amount? Tell me more!
Where I live, the grocery store Publix is quite popular and ubiquitous (2 relatively close to home, and one right by my job). Yet, it does have its competitors. In this case, Kroger. To maintain customer loyalty, Publix has been mailing on a weekly basis for almost two months now $5-off coupons that are good for your next shopping visit (as long as you spend $50 or more on groceries).
In itself, that is not a huge deal, except if you pair it with this coupon.
There is often a coupon in their weekly ad for $10 off either on a gas card or on a Visa card. This weekend, for Mother’s Day, it’s a Visa card. Unlike gas cards, the Visa card, yes, has an activation fee of $4.95. Yet, if you use the $5-off coupon with the $10-off coupon, the total becomes $39.95 for a $50 gift card. That’s a return of 25.2%!
On what am I going to use the card? On the following week’s groceries! (Not that exciting, I know.)
(When it’s a gas card coupon, and not a Visa one, the return is much better at 42.9% (with the $5-off coupon), due to the lack of an activation fee!)
What are your favorite money-making acts?
Since I am getting a lot of visits, but not a lot of comments. Let me ask you (invisible people) this question:
If you were to have an emergency (heaven forbid!), how long (in months) would you be able to survive before accessing other financial means (personal savings, investments, etc.)?
As of now, with my account dedicated to emergencies, and emergencies only, I can survive for 7.3 months before dipping into other savings/investments.
So, visitors, it’s your turn! And, please, say “hello”!
I am not endorsing Personal Capital, but I do use it to keep track of my investments. I also don’t use their advisors for investing advice.
Yet, I am showing that you can make your own, smart investing choices, and beat certain indexes, without having to rely on an advisor. As you can see, my YTD is outperforming the S&P 500. The foreign markets are doing wonderful this year (and outperforming my portfolio), and that’s why I am buying more international funds with the extra cash I have at the end of the month.
At the end of April 2017, if one considers cash savings, work-place retirement savings (with match), individual retirement savings, and non-retirement investing savings, I have “saved/invested” 30.93% so far of my base, gross salary for the year.