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Showing posts from May, 2014

9 best cash back credit cards

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9 best cash back credit cards When you shop with your credit card, you can earn cash back for your purchases.  I personally prefer cash back credit cards since I can use the cash for whatever I want vs. a rewards card that forces you to use it in specific categories (i.e. travel).  I use the Fidelity Investment Rewards American Express Card , which offers 2% flat cash back on all purchases with no annual fee.  The chart below contains the 9 best cash back credit cards.  I haven�t included Annual Percentage Rates (APR) below since you should always pay off your credit card in full each month and that should not be a factor in choosing a card. Credit card Cash back Annual fee Sign up bonus How much cash back must accumulate before you can redeem Fidelity� Investment Rewards American Express� Card 2% Cash Back on all purchases No No $50 Chase Freedom 5% back on rotating categories each quarter ($1,500 cap) 1% after you hit the cap and...

The art of negotiation and tips to becoming a better negotiator

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Negotiating the price of para-sailing in Mexico made for a very reasonably priced adventure Throughout your life, you�ll likely be involved in thousands of negotiations.  In fact, you probably negotiate at least a few times each day of your life.  Whether you�re negotiating with your significant other about what movie to watch, deciding what restaurant to eat at with your friends, or haggling over a good price to pay for a used car, you�re negotiating whether you know it or not. There are certain techniques that you can use that can make you a more effective negotiator.  The goal of using these techniques is not to somehow gain the upper hand in a negotiation, but rather to find out what you value and what the other party values, and to find a solution or deal that satisfies both parties.  Understand the values of both parties in the negotiation Before entering a negotiation, it�s a good practice to run through what you value and what you think the other party values...

Ridiculous Ways to Save Money #2

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Did you already implement all of our ridiculous money saving tips  #1?  Don�t despair, here's a fresh list to keep you saving money like nobody�s business: 1. Unplug electronics when not in use Leaving your household appliances and electronics, like desktop computers, TVs, cable TV boxes, and toasters plugged in when not in use is a serious drain on your cash.  Even though they�re turned off, they�re still costing you money.  The Department of Energy estimates that 5% � 10% of energy goes towards these devices. 2. Use plastic bags from the store as trash bags Why would you ever buy trash bags again when you can simply re-use plastic bags from the store?  Not only is it environmentally friendly to re-use, but free is a lot better than anything that costs money. 3. Re-use floss for a day or two There�s no reason you can�t use floss and then rinse it off and use it for at least one more day.  Although the American Dental Association (ADA) advises against it s...

Highest and lowest paying jobs

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Construction workers erecting a crane. Construction worker median pay was $41,000 in 2012. Growing up, one of the toughest decisions is to figure out what job to eventually pursue.  The job should align with your interests and passions, and ideally, should compensate you well.  All jobs are essential for the economy to function, but some jobs simply pay much better than others. Highest paying jobs The top ten highest paying jobs are all in the medical field with salaries well over $187,000/year.  These jobs include surgeons, dentists, physicians, internists, anesthesiologists, orthodontists, psychiatrists, etc. Not surprisingly, health care is one of the fastest growing expenditures for all income levels according to the  Bureau of Labor Statistics .  Although the salary is sky high, it's not a walk in the park to land a job in the field.  To enter the medical profession requires years of training including a doctoral or professional degree and additional t...

Is Dr. Dre the first billionaire rapper?

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Last week, Apple announced its largest deal ever with plans to acquire Beats Electronics , a producer of headphones and speakers, for $3.2 billion.  Forbes' Zack O'Malley estimates that Dr. Dre has a 20% to 25% stake in Beats.  At a valuation of $3.2 billion, Dr. Dre would gross between $640 to $800 million. After paying California capital gains taxes, which qualify as ordinary income, Dr. Dre would have between $430 and $670 million left.  To become a billionaire, Dr. Dre would need an additional $330 to $570 million outside of his stake in Beats. Although Dr. Dre has claimed that he is "the first billionaire in hip-hop", Forbes is estimating his net worth at closer to $800 million.  Regardless of whether Dr. Dre has $800 million or over a billion, he�s still a very rich and successful man. Dr Dre. informing Forbes that they need to update their billionaire list. Listen to Dr. Dre's Still D.R.E.

You know you're rich when...

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Serene super yacht docked in Seattle at Pier 90 You know you're rich when you own a yacht that carries a crew of 52, includes 12 cabins, your very own master suite, a gym, a pool, a Jacuzzi, multiple smaller boats, an elevator, and two helipads.  The super yacht is called the Serene and is owned by Russian Stoli vodka tycoon Yuri Scheffler.  Built in 2011 by Italian shipyard Fincantieri , the yacht is 439.3 feet long and cost a cool $330 million USD.  Commence drooling in 3, 2, 1...

Why we should all love airlines and their added fees

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Stormy weather approaching a Lufthansa plane parked at Frankfurt Airport in Germany If you�ve flown anywhere recently, you�ve likely encountered an agonizing security screening experience, extra fees for everything from your bag to your meal, and overcrowded flights.  Since the 9/11 attacks, security has been tighter than ever, requiring passengers to remove shoes, take out laptops, and proceed through onerous imaging technology.  Airplanes are more crowded than ever as airlines cut back on capacity as they retire older less fuel-efficient planes.  When storms hit and airlines cancel flights, it can be challenging to find new flights in a reasonable time.  Checking in at least one free bag and eating a free meal on your cross-country flight were once birthrights. Despite new aircraft like the Boeing 787 and the Airbus 380 , the passenger experience seems to have gotten progressively worse.  Undoubtedly, you�ll overhear comments from older passengers like �flyin...

What�s the value of your mom on this mother's day?

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My mom With Mother�s Day today, what�s the value of your mom?  Of course, the only right answer is priceless.  However, if you really had to put on a value of all the jobs that your mom does, which is a truly exhaustive list, you�d need to take on another job to cover the cost.  Being a mom requires all sorts of skills ranging from cooking, to driving, to helping with homework.  Not only does a mom need to be proficient in these varied areas, your mom must work overtime and be on call throughout the night.  If you interviewed for a job like this, you�d likely balk at all of the requirements.  How much would the typical mom make a week for everything that she does? Job Estimated hours/week Hourly rate Total Cost per week Housekeeper 15 $15 $105 Taxi Driver 8 $15 $120 Cook 15 $25 $375 Janitor 8 $15 $120 CEO 3 $150 $450 Psychologist 8 $80 $640 Laundry attendant 7 $12 $84 Facilities ...