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7 Finance Tips From a Guy Who’s Broke

7 Finance Tips From a Guy Who’s Broke

Because I’m dead center of trying to figure out my own personal financial Rubik’s Cube, and because I’ve been listening every day to the Financial Aid Podcast, I’ve had finance hacks on the brain. Besides, Graeme wanted me to talk about them, too. So, here goes 7 tips on finance from a guy who’s broke:

  1. Keep the change– Whenever you pay for anything with cash, always pay with bills. Then, take the coins at the end of the day and put them in a big jar. Use this money for the occasional treat, or put it towards a vacation. It’s a painless way to save some cash.
  2. An Anti-Raise– There’s great advice out there that says, when you receive your annual raise, adjust your direct deposit such that the raise doesn’t ever hit your paycheck. Instead, shunt it off into savings, or into your 401K, etc. Just don’t let it hit your pocket. Well, if you’re me and you never took that advice, consider giving yourself an anti-raise as a way to start fixing your finances. I called up my bank and had them put roughly 5% of my pay check every period into my Savings account. When I get a decent little chunk in there, I’ll pay off a few things, and then transfer the rest into investments.
  3. Pay Debt vs. Save Up– If you’re really in a bind and not sure where to start, nail your credit cards and bigger loans (not counting your mortgage) before socking away money in savings or money market accounts. Why? Because most credit cards have interest rates that will negate any effort of saving if you’re carrying a balance.
  4. Negotiate a Better Card– There are tons of credit card companies out there. If you’re trying to put your house in order, shop around for the possibility of transferring your balance into a low or zero-percent rate so you can get a little relief. Use that relief to get the card paid down to zero as fast as possible. BONUS HACK: Often times, once you know you have another option, you can call your current card company, tell them you’re getting ready to transfer your balance to another provider. They’ll sometimes (often?) offer you the same deal that the new company is offering, and I think that’s better, from a credit record point of view.
  5. Multiply Tiny Expenditures- Say you’re stopping by the local coffee shop for a large iced coffee and a bagel every morning. Say it costs $6. You might think, “Well, that’s not too bad. I didn’t have time at home anyway.”  But, $6 x 5 days = $30 a week on breakfast alone. If you spent even $15 ahead of time on grocery options that gave you things you can take with you from home, that’d cut that cost in half. Look also at magazine subscriptions and ask whether the value you’re saving off the cover price is really the same as whether you read the magazine every month. Ditto your cable TV service. Do you need all the channels you’re paying for?
  6. Consider Your Entertainment Budget– Are you paying for cable, Netflix, movies in the theater, live concerts, and more? If you threw your weekly revenue amount onto a spreadsheet, showing what you made, how much you paid in rent, bills, food, and other expenses, and then had a break-out column for entertainment, what percentage of the cash you’re spending in a given week or month would your entertainment budget be? How about if you add in your hobby spending, like that new lens for your camera, or that replacement iPod? How does that impact the way you see your finances.
  7. Plug the Holes– I learned this one when reading about adding a solar power system to a standard electrical system. The author of the article said that he was able to save money on his energy bill WITHOUT building the solar power system by doing a simple audit in his home. He found these items to be power-suckers (and thus expenses to you): modern TVs and DVD players. If they’re plugged in, most of them are drawing a significant amount of power to be in “standby” mode instead of off. Ditto your power supplies for recharging, like your battery charger for your cell phone, your digital camera battery charger, etc. Go for a walk around your house and see how many devices are plugged in that are drawing power without being used.  BONUS HACK: Put all your chargers on a power strip with its own off-switch, and keep the whole strip turned off when you’re not charging a device.

Your mileage may vary, and like I said in the title, I’m no expert, but because I’m working on this actively, you might find these tips to be pertinent to your own situation. But truly, YOU are the experts. Come on! Light up the comment section, or better still, add to our wiki !  Tell us your best finance and money-saving tips.

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-Chris Brogan makes almost no money from [chrisbrogan.com].

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Last Updated on September 17, 2018

10 Reasons Why You Should Get Naked More Often

10 Reasons Why You Should Get Naked More Often

Getting naked is often thought of as an act that should only be reserved for intimacy—and even then some get squirmy! Many people are more comfortable believing that the more clothes you are wearing the better. However, getting naked more often can have great benefits for you. Here are 10 great reasons to get naked more often:

1. It burns more fat.

Your body’s main supply of brown adipose tissue (BAT), or good fat cells, are located around your shoulder blades and neck. When your body is exposed to the elements and is cooler, the BAT proliferates and essentially kills the white adipose tissue, aka bad fat cells. So, not wearing any clothes helps promote this and makes you healthier.

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2. You’ll become comfortable with who you are.

Self-acceptance is hard to come by today. Ask anyone you know and see if they are happy with themselves. Chances are they will say they are too fat, not pretty, and find all of the flaws that they can. In reality, others do not see this. They see that you are beautiful. When you begin to get naked, you learn to appreciate your body and realize how beautiful you really are.

3. It saves you money.

Being naked more often saves on buying new clothing since you are wearing nothing a lot of the time. Be careful when you are in public, though—you may have to put on some clothes!

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4. It increases your immune system.

Being naked and getting exposure to the sun’s rays actually increases your body’s vitamin D levels. Vitamin D is directly related to your immune system. When you have optimal levels of vitamin D, your body’s immune system is impeccable, and you will be better equipped to ward off viruses, including the common cold and flu. So go lay outside naked on your private balcony or in your yard.

5. It makes you face your fears head on.

People cringe today when you mention the words “get naked.” They are so afraid of it—and today’s children are so ingrained with this—that they must wear layer upon layer to deal with their body image. However, when you are naked, you face your fears of body image and self-acceptance, experiencing some of the best moments of your life.

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6. You will feel better in your clothes.

When you do wear clothes (because not everyone has yet accepted being naked in public), you will start to choose clothing that accentuates the parts of your body that you love. You will begin to notice that maybe that muumuu does not flatter your beautiful curves and start wearing clothes that you love.

7. You will embrace vulnerability.

When you put yourself out there, it is a natural reaction to have fear and worry. However, this is an opportunity to embrace being vulnerable. It allows you to think and get down to the core of what really matters and what is of importance to you. When you strip away all of the excess, you are 100% you and willing to take on anything that comes your way.

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8. You will show the world the real you.

Today, we have many ways of altering our appearance from our true body image when we wear clothing. Some people alter their image so much that they fear getting naked with the person they love. It seems crazy that this could even happen; however, the rise in use of breast-enhancing bras and Spanx products has put this idea into people’s minds. This all goes back to being comfortable with your true body image. If a person really does love you, then they should not love you based upon your image. If they do, then you may even decide that the ever-so-uncomfortable leggings that go up above your waist to hold in all of the imperfections may not be worth it after all.

9. You will have fun.

Well, this could go in all sorts of directions. But when you are comfortable with your naked body and see it as being flattering, then life is more fun. You start realizing that you are beautiful and are willing to do more things that you probably would not have done otherwise—with and without your clothes on.

10. You can have intercourse with the lights on.

Many people are self-conscious about the way they look and decide that the less lighting the better when they are intimate with their partner. It’s nothing new. If you survey your best friends, you will probably come to this conclusion too. They may say that it even gets awkward, because they are more concerned with what their partner thinks of their body than just having and enjoying amazing intercourse. When you love the way you look naked, you will also want to have your partner see you at your best.

What are you waiting for? Start spending more time in the buff today and begin to change the way you think about your body.

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