Many folks who work for others love to complain about the professionally unsatisfying nine-to-five grind of their daily job, yet refuse to change the status quo. That’s because the perceived relative safety of their steady job — and the guaranteed weekly paycheck that ultimately comes with it — is usually enough to keep them on the hamster wheel, even when the job is stifling and unfulfilling. True, that strategy may
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No matter what that slick salesman tells you, vacation timeshares aren’t a good deal. Surprised? Don’t be. Many timeshares owners lose the freedom to vacation wherever and whenever they choose — or even skip one, considering annual maintenance fees currently average $731. Timeshares are also notoriously overpriced to cover sales commissions approaching 35 percent and marketing expenses for prizes used to lure potential buyers suckers. Maybe that’s why timeshares depreciate
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In North America the left lane is designated for passing, intended for the highway’s fastest traffic. It’s a concept that evolved with the birth of the US Interstate Highways. Unfortunately, too many drivers today feel entitled to cruise in the left lane as long as they’re traveling the speed limit. This selfish practice is not only legally dubious, but also obstructs the free flow of traffic. According to the National
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Buy low and sell high; it’s the ultimate investing tip, although never easy to execute. That’s why it’s so important to control the risk that comes with investing. One way is by having an exit strategy in place whenever you take a position on a stock, bond or any other investment. That is, establish pragmatic predefined selling points — for both a profit and a loss — that take emotion
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Believe it or not, J.K. Rowling’s manuscript for Harry Potter and the Philosopher’s Stone was rejected by the first 12 publishers she approached.
Walt Disney was fired from the Kansas City Star because his boss thought he lacked creativity.
R.H. Macy opened — and closed — four businesses over a 12-year period before finding success with his Manhattan department store.
And Colonel Sanders was turned down 1009 times over a two-year period before
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Whether they know it or not, children depend on their parents to say “no” and make tough or unpopular decisions for their benefit. Unfortunately, it’s impossible to effectively enforce rules and boundaries without running your household like a dictatorship. That’s why I’m continually bewildered by parents who brag that they’re best friends with their kids; the roles are mutually exclusive. Parents who insist on being both blur the line of
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Responsible folks love the plastic in their wallets because credit card benefits simply can’t be matched by cash. However, there are several places where credit cards shouldn’t ever be used. Financially speaking, one of the most expensive mistakes any consumer could make is to use a credit card to withdraw cash from an ATM. Such transactions typically come with an onerous cash advance fee of four percent or higher. Even
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Last month, Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now. Today, the penny is essentially worthless, its inglorious decline attributable to the pernicious effects of inflation. Ironically, each penny costs almost two cents to produce, adding to the National Debt, which is just another reason
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Although it requires extra storage and higher upfront costs, many consumers buy their groceries and other products in bulk to save money. But that strategy can quickly backfire for those who indiscriminately buy massive quantities of infrequently-used goods — no matter how good the deal. Consumer Reports found that larger packages were more expensive about 25 percent of the time. Bulk purchases will end up costing more too if you
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The official US inflation rate in 2011 was “officially” 3.2 percent, but arguably higher, while the average pay hike was just 2.9 percent. Maybe that’s why, when it comes to job complaints, surveys show that employees grouse about their paltry paychecks more than anything else. Ironically, 29% of all workers — and 43% of twenty-somethings — turn down free money each year because they don’t contribute enough into their 401k
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