Month : September 2016

Book Reviews

Should I Buy This Book? Review: Spend Your Way To Wealth

I really like this book. The title pretty much sums up the book. It goes over how to save money by getting discounts on pretty much everything. It gives tip on:

  • Coupons
  • Negotiating on everything
  • Traveling
  • Buying a house
  • Shopping
  • Buying a car
  • Shopping on the internet

I found it really helpful. My favorite chapter is the last one because it goes over making goals and goes over how saving money takes work.

The negative

The only thing I really found negative was that the author doesn’t believe in budgets, and equates it to dieting. I can see where he’s coming from but I think that budgets are essential to having a solid finance life. But to each their own.

The Positive

Pretty much the whole book is a positive. There are tons of money saving tips for the various things I mentioned before. It does promote buying but it does save over and over that it’s not about buying stuff you don’t need. It’s about buying stuff you would buy anyway and saving money on it.

Would I Buy it?

Absolutely. It’s a great book and I learned a lot from it as far as savings go. I would recommend it for someone who wants to learn how to save money and negotiate prices. If you are having trouble sticking to a budget then his advice on not budgeting might before you. I’d at least try it to see if it works.

Buy It

It has my recommendation.

Spend Your Way to Wealth New

Spend Your Way to Wealth Used

P.S. Some of the links in this post I earn a little bit of money from, in order to pay my bills. But I promise to never to intentionally lead you to a bad company and to never let the money affect my opinion.

Frugality

Don’t Miss Out On Easy Savings: Coupons – The Final Edition

Groceries Now we’re finally onto the good stuff. Actually saving money. Sometimes it takes time to save money and couponing is no different.

Using Coupons

Are you prepare to save a ton of money?

Just to let you know, every where has different coupon policies so be sure to check your local store. I’m going to give you the rules for the place I use because it’s pretty basic and I still save a lot of money. I shop at Publix in Florida just for the FYI.

Here’s a few rules for couponing:

  • Double Coupons
  • Buy items on sale
  • you can use 1 manufactured coupon/competitor coupon and 1 store coupon per item
  • Buy one, get one free sales are the best

Doubling

I can’t double in Florida. Not allowed for some reason, but I’m looking into it getting that changed (not really but I’m thinking about it a lot). Anyways, in other states you can double manufacturing coupons that are 50 cents or less, so right there you can save up to $1. That’s one of the reasons to buy more than one paper.

Buy Sale Items

The best thing you can do is look through the weekly ad of wherever you shop and make your list based on what’s on sale. Don’t make the excuse of “nothing I buy ever goes on sell.” Ummm…then start buying what’s on sale. Stop being so picky because it’s costing you a lot of money. Plus A LOT of items go on sale, so I’m sure you can find something that you like.

Buy One Get One FREE

This is the mother load of savings. When you do this deal you can use 4 coupons, yea 4. You’re essentially buying 2 items so you can use 1 manufacture coupon for each and one store coupon for each. So lets say I see that my favorite cereal is BOGOF. It normally costs $4, so I get to use 2 manufacture coupons of $1 off each and 2 store coupons for $1 each. If you can’t count that equals FREE. Doing this can sometimes even get you money back. Now deals aren’t always that great, but they do happen often.

Using these strategies I’ve been able to spend just as much as I save every time I shop. Like, I’ll spend $30 and end up saving $30 or even more sometimes.

Get Some Help

Of course finding savings and putting coupons together with them can be a time consuming task. So, why not have someone do it for you. No, you don’t have to pay for it. There are sites out there that actually post the weekly ads along with which coupons go with it and where they can be found. They also can tell you what’s going to be in the upcoming Sunday coupons so you can plan better. These are a few of the sites I use:

That’s it. This ends the series on coupons. I hope you enjoyed it as much as I have. Now go out there and save some money. :)

What’s the most you’ve ever saved? Do you think couponing is worth the time spent collecting coupons?

Check out the beginning of this series Don’t Miss Out On Easy Savings: Coupons Pt 1

Investing

Tips for Young Investors

Many people begin saving and investing too late into their adult years. They think they have plenty of time to begin; however, starting when you are young has many benefits. Investing is considered to be the first step to financial freedom!

Starting to invest when you are young can yield high results for future monetary gain. While emerging into new territory and gaining a new skill can always be anxiety provoking, doing so with money can have serious consequences coupled with high reward. Young investors will inevitably make some mistakes along the way; however doing so at a young age offers the flexibility to quickly recover due to future generated income.

One thing you can take advantage as an investor is the management of security for m&A as you will be able to set up a deal room for their clients quickly and allow them to remain in control of the documents they wish to share and to helping sellers to provide the necessary information to speed up the progression of a deal.

The style of investing a young investors engages in ultimately depends on their financial goals, including but not limited to:

·  Retirement

·  Paying off student loans

·  Buying a house or car

·  Planning for children’s college tuition

Mutual Funds

Mutual funds offer a ready-made diversified portfolio, balancing investments among several stock, bond, or additional money making asset options. This is a good option for small investors as the portfolios are compiled from professionals and are not considered a high-risk investment. A multitude of mutual funds are available to browse for free. Many sources discourage young investors from placing too many risk-free assets.

At the same time the young investor has the best opportunity at this age to develop a portfolio, that can lead to a bigger portfolio later on, by engaging in higher risk investing. A long-term goal, such as planning for retirement, offers the best opportunity when starting at a young age.

Stocks

Stocks offer a higher risk and therefore the opportunity for faster monetary gain. Researching prior to placing assets in a particular area is essential to avoiding common early mistakes. Additional resources for the emerging investor can be found through simple searches online. There are many resources available offering young investors the opportunity to link to financial banking, set up a brokerage account, plan for retirement with an Individual Retirement Account (IRA), or find tools to get real time stock quotes online.

An added bonus is that responsibilities for young investors, such as family, spouse, mortgage, etc., are not as burdensome; therefore small portions of income can be allocated to higher risk investments that will ultimately yield a higher return.

Diversify

Diversify, Diversify, Diversify! Selecting stocks across a wide array of types of market categories allows for a balanced portfolio. This way if one of the allocated investments tank, the portfolio is not at risk of putting the owner in financial jeopardy. This means taking some conservative stocks, some with long-term growth potential, along with the high-risk investments.

For the visual learner these top tips for early investors offers clear graphs to illustrate many of the topics previously discussed.

Ultimately the earlier you are able to invest the better. Taking higher risks, while it may be intimidating, will yield a greater return in a shorter timeframe. The first step is learning about financial options, and exploring the different opportunities that are available to a young investor. Time is on the young investors side, if they choose to take it, so the bottom line; start saving and investing as early as possible.

Travel

Where To Visit In Honduras

Do you wanna visit Honduras and asking yourself which are the best locations to visit for enjoying it completely? I, Michael W Leroy, will try to help you in your choice. First of all, for me and many more tourists, when you going to Honduras you definitely need to visit popular Copan Ruinas. They are located near to the Guatemalan border, at the west of the country. Nice hotels, awesome people, great location! Must visit ! Second place on my scale is Utila island, located on the coast of Northern Honduras. If you like smaller quiet places, with friendly local people, then it is a right place for you. They also have very good shops and prices in it. Real place for resting completely. Third place for me is sister island of Utila, beautiful Roatan island. The island is luch and hilly and have wonderful white sand beaches. This is the most cheapest place for living where living costs are far lower than most of the Caribbean, and like that a real paradise for tourists and travellers.

Fourth place for you, especially if you need a real civilization, ATM machines, established hotels, internet cafes, and all up to date things, your choice is La Ceiba. It is 250,000 population town, and most travellers use the city as staying base for exploring and visiting Pico Bonito, a beautiful National Park or near villages which are real representatives of Honduras culture. I hope i help you a little bit and letting you know a piece of Honduras tourism. Greetings!

Thanks for reading my info about Honduras by Michael W. Leroy, please let me know if you have any questions or comments.

Related post: Island Hopping Greece by Hostelbay Pass.

Business

Top 5 Practices for Secure Electronic Payments

Security is a key component, not only in business but all sectors of life. Electronic media for transacting business have been on the rise and security has to be maintained. With the rise of hacking incidences as well as phishing, spoofing and other ethical and security issues, everyone has to be on the lookout so that they don’t fall into the hands of these internet threats.

Social media channels are also not safe and passwords should be well-restricted and particular. This is because, the intruders can easily spy on your social media and acquire all kinds of information they may need to access your credit card details.

Some of the important security measures adopted to ensure secure credit card processing when making payments include:

  1. Breach Protection

This is a serious situation that occurs when an unauthorized individual tries to access your merchant’s server/ network so as to steal data from cardholders.  The intrusions may be in the form of hacking and skimming, use of spyware or malware, loss of cards or even loss of electronic devices from the merchant’s office/ stores.

With the use of breach protection, there is a data breach security program. Forensic audits are carried out as required by the Payment Card Industry Data Security Standards, PCIDSS to pinpoint vulnerabilities in the system. This ensures that all credit card processing processes are secure and compliant. You are therefore advised to always transact with PCI-compliant merchants.

  1. Fraud and Protection

Fraud, also known as deceit or trickery, is one of the biggest threats encountered in e-commerce and its associated use of credit cards. The recent online fraud statistics are sobering and you should be in the front lines ensuring that your card/ money safety is catered for.

Fraud protection protocols such as Address Verification System (AVS) and Credit Card ID are both available to users and merchants. This assures of verified address of the person attempting to complete a transaction. Fraud is also being curbed by ensuring that your merchant doesn’t store sensitive data in their servers. Instead, they only receive minimal information like reference ID and authorization codes when these merchants incorporate service providers like Transaction Express.

  1. Industry Regulations

While you might have always thought otherwise, electronic payment systems are highly regulated. Loads of sensitive data and information is stored online, particularly personal financial information. If this information gets into the wrong hands, you will find yourself in trouble financially and even with the law if your money is used to facilitate criminal acts.

Such regulations include:

IRS Mandate; also called Section 6050W, that requires all merchants to give reports on their annual gross credit card processing transactions. These include transactions from credit, debit, co-branded cards and third party networks

Dublin Amendment; that sets out fees for debit card interchanges for MasterCard and Visa.

PCI Compliance; That sets rules on processing, storage and transmission of all credit card information.

  1. EMV

The use of microchip technology has raised a myriad of questions recently but EuroPay, MasterCard and Visa (EMV) have employed microchip technology. It promotes worldwide interoperability and acceptance of highly secure e-payments.

The embedded microprocessors in the chips offer the strongest security features, unavailable to magnetic strip cards.

  1. Near Field Communications (NFC)

This is a new technological feature that allows communication between smartphones or similar devices when they are inches apart. They are used for point-of-sale credit card processing and lessen transaction time.

You might be worried that criminals might be eavesdropping to steal your data, but the close proximity of the machines during processing makes the systems security almost guaranteed. The account data is encrypted and can only be decoded using authorized devices.

In conclusion, e-commerce and use of credit cards is on the rise and your security fears can only be allayed with such strong measures and compliance standards. Keep your social media passwords strong and you might consider changing your the passwords frequently.

 

Author Bio

Dennis Michaels is a Systems Security Analyst with years of experience. He consults for businesses and advises them on the best security measures for safe credit card processing for their customers.