100 Words On: Why You're Better Off Buying A Used Car

Everybody would love to have a new car every couple of years but, for most, that’s an extremely expensive proposition — nor does it make much sense. The reality is you can’t beat a used vehicle purchased from a private owner; late model vehicles provide the biggest savings. This is primarily because most new cars lose upwards of 50% of their value in the first three years.

The bottom line: Folks

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100 Words On: Why a Penny Saved Is More Than a Penny Earned

I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed dollar you earn is worth only $0.90; tack on FICA, state and other taxes and it’s worth even less.

The

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100 Words On: How Smart People Make High Risk Ventures Pay Off

Risk and reward are inextricably intertwined. Of course, the richest rewards come to those who are willing to take the biggest risks. The oft-forgotten corollary to that strategy is that, by its very nature, high risk endeavors also have a greater chance of failure. That’s why most successful entrepreneurs and investors carefully evaluate risks and identify corresponding contingency plans before making a big decision.

The bottom line:   Whether it’s a

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100 Words On: How Our Debt Troubles Are Usually Related to Diet

Many folks who tally their assets and liabilities after years of modest but steady increases in income often end up scratching their heads, wondering why their net worth is nothing to write home about. Whether they’ll admit it or not, those dumbfounded individuals usually have a lot in common with the chronic couch potato who can’t understand why he weighs 450 pounds. Both have management issues — the former, cash; the

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100 Words On: Donating to the Company Charity Drive

This is a guest post from Erin Baker who has several blogs including The Dog Ate My Wallet and, appropriately, 100 Words On. Check them both out when you get a chance!

The Holiday Giving Season is almost upon us. If your company sponsors a specific charity, the decision to give as an employee can be a tricky one. Is this an organization you might give to anyway? Is participating

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100 Words On: A Grim Warning to Those Who Think Money Grows On Trees

A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the treasury, with the result that a democracy always collapses over loose fiscal policy. The average age of the world’s greatest civilizations has been 200 years.

– Alexis de Tocqueville

The bottom line: By 2016, our

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100 Words On: Why Most Early Risers Usually Wake Up Smiling

Twenty top CEOs were surveyed by Yahoo! Finance and 80% of them said they wake up every morning at 5:30 or earlier. As for the the other 20% — they rise and shine no later than 6:00. According to Forbes, studies show that early risers are more optimistic, conscientious and stable. It turns out that morning people are more proactive too — which leads to greater career success and more pay.

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100 Words On: Saving Your Lame Excuses for Somebody Who Cares

A wise man once said that excuses are tools of incompetence, only useful for building monuments of nothingness and bridges to nowhere. When it comes to personal finance, there are a countless number of excuses that people often use to explain why the pecuniary pit they’re sitting in is somebody else’s fault — and why they’ll never be able to get their financial house back in order. Of course, that’s pure

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100 Words On: How to Avoid Burning Out

It takes real drive to turn our biggest dreams into reality, but sometimes the relentless passion that fuels our inevitable push for success becomes counterproductive. When personal expectations finally exceed what we can reasonably achieve on our own, we burn out. Unfortunately, burnout leads to wasted time, energy, and even poor health. The key to avoiding it lies in recognizing our limitations — physically and mentally — and achieving a healthy

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100 Words On: A Hidden Home Storage Space Most People Overlook

If you’re like most folks, it seems as if there can never be enough storage space in the home — especially when there’s a household full of kids. The good news is, that unused triangular nook under the stairs can often provide a natural solution for reducing everyday clutter by converting it into the perfect hiding spot for your stuff. And with a little imagination, sometimes it can even be turned

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