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10 Best Websites that Help Make You More Money-Savvy

10 Best Websites that Help Make You More Money-Savvy

Many people don’t believe me when I say this, but learning about finance can actually be really fun. You might be rolling your eyes at me as you read this, and I don’t blame you. When most of us think of a financial advisor, we envision someone in a suit behind a mahogany desk talking about stocks and a bunch of other things that are hard to understand.

The truth is that these days, you can find out anything you want to about money by just reading some great financial blogs and signing up for unique programs. There are so many websites out there that can teach you about paying off your debts and investing, and they do so in a fun and engaging way. Below are my top ten favorite websites that can help make you smarter with your money and by extension, wealthier than you ever thought possible.

money savvy

    #1 Payoff.com

    Payoff.com_-1024x574

      The first step to becoming 100% financially independent is to pay off your debts. It’s rare these days to find someone that has no debt: between sky-high student loan debts and mortgages, chances are almost everyone you know owes money for something. That’s why Payoff.com is so unique—it’s an encouraging website that joins with social media to help keep you motivated to pay off debts. They give out virtual badges when you reach certain steps, and you can encourage others through their unique community.

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      #2 Mint.com

      mint.com

        Mint.com is a favorite among finance professionals. The tools on their site can help you to live on a tight budget and also see where you money is going every month. It’s completely free to sign up and keeps your information secure.

        #3 LearnVest

        learnvest

          LearnVest is a relatively new company that is earning a lot of praise for their great financial advisors and unique programs. They have an online community where you can go and ask questions as well as tools to track your budget.

          #4 Investopedia

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          Investopedia

            Investopedia is just like it sounds: an encyclopedia for you to educate yourself on anything and everything finance. Learn about investing and check in for the latest news and articles on financial topics.

            #5 GoGirlFinance

            GoGirlFinance

              GoGirlFinance is a great grassroots company that is devoted to helping women gain the confidence to handle their finances. They provide unique blog posts every week on a variety of financial topics from the fiscal cliff to when it’s a good time to have a baby, and they also partner with several talented financial advisors to bring free webinars to the public.

              #6 MyMoney.gov

              MyMoney.gov

                MyMoney.gov is a US government website that exists as a way to educate citizens on finances. You can learn about mortgages and loans and utilize their tools such as debt and mortgage calculators to find out how to best manage your money.

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                #7 WiseBread.com

                wisebread

                  WiseBread.com is one of the top personal finance websites with tons of resources to help you better understand how to manage your money. They have a team of highly accomplished writers who all bring a unique perspective to the site. They also have an invaluable, regularly-updated list of all of the top personal finance blogs.

                  #8 RetailMeNot.com

                  retailmenot

                    One easy way to get smarter with your money is to start learning how to save money on simple things like your grocery bills. Coupons are all the rage, and there’s no shame in carrying a stack of them into the store with you—in fact, before I buy anything, whether it’s a scented candle or a nice computer, I always check RetailMeNot.com to make sure there isn’t a coupon for it that I’ve missed. Simply search the store where you are about to shop just to be sure there isn’t a $5 off coupon or a free shipping code: by doing this you can easily live like a king on a peasant’s income.

                    #9 BankRate.com

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                    bankrate.com

                      I like BankRate.com because it almost acts like an interactive newspaper. You can get updates on the best mortgage rates while enjoying interesting and fun articles and useful tips, and they also provide several calculators that you can use to determine how much you’ll need to spend each month for that new home or car.

                      #10 ManVsDebt.com

                      manvsdebt

                        ManVsDebt.com is a great personal blog belonging to a couple who sold all their belongings and traveled around the world. If you’re looking for inspiration for the goals you can achieve when you save, this is the place to get it. They also offer great tips for smarter ways to save money while simultaneously encouraging you to live a minimalist life.

                        Hopefully, these ten great websites can help you get on track with learning all you can about finance in a way that is enjoyable and fun. All it takes is a little bit of knowledge to make big changes that can lead to a happier and healthier financial life this year.

                        Featured photo credit:  Balancing Time and Money via Shutterstock

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                        Catherine Alford

                        Catherine is the go to personal finance expert for educated, aspirational moms who want to recapture their life passions.

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                        Last Updated on April 28, 2020

                        9 Millionaire Success Habits That Will Inspire Your Life

                        9 Millionaire Success Habits That Will Inspire Your Life

                        As technology evolves and information becomes more accessible, it has also become more challenging to define success. A lot of people are trapped in the rat race while trying to discover the actual formula for success.

                        You could become overwhelmed with what tools, techniques or philosophies to imbibe while trying to get tips over the internet. At every click and turn, there are ‘how-tos and quick-fix’ on how to become successful overnight. You will find several courses, articles, videos and books on how to achieve financial success.

                        But what if I tell you it doesn’t have to be complicated as people made it out to be? What if you could achieve success by merely following these 9 millionaire success habits?

                        1. Read for Personal Development

                        A daily habit I have discovered millionaires share in common is reading. For instance, if you are an entrepreneur, you need to read to become an efficient leader and a productive business owner. Reading helps you to grow and learn without going to a business school.

                        A research conducted by Thomas Crowley indicates about 85% of self-made millionaires read at least two or more books each month. [1] Warren Buffett is one of these examples. He spends 80% of his day reading. In the early days of his investment career, he would read 600 to 1000 pages in a single day.

                        While millionaires sometimes read for pleasure, they also learn to improve themselves. They read topics on leadership, how-tos, self-help, biographies, lifehacks and also follow current events.

                        Here’re some recommendations for you: 25 Best Self Improvement Books to Read No Matter How Old You Are

                        2. Establish Multiple Sources of Income

                        Another success habit I noticed about successful people is that they don’t depend on a single income source. Every millionaire possesses multiple sources of income. This helps them to manage economic challenges and also make more money.

                        They are passive income addicts. They earn interests from loans, rental income from real estate, royalties from intellectual properties, dividends from investments. They also launch a side business or run a website or sell information products.

                        How income is made either passively or actively is what separates the successful from the wannabes. They are always learning ways to build multiple streams of income.

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                        3. Live on a Stipulated Monthly Budget

                        An average millionaire does not believe in luck and jackpot. They take the time to understand cash flow-income and expenses. Based on this, they establish a monthly budget and religiously stick to it.

                        The essence of the budget is to minimize unnecessary expenses. This will help you gain complete control of your financial life. Budgeting helps you to avoid overspending to achieve your financial goals. Here’re some tips to help you stuck to your budget: 32 Hacks for Sticking to Your Budget

                        4. Manage and Maximize Money

                        The most significant education for a millionaire is financial intelligence. Nobody attains financial freedom without gaining financial intelligence. This is the more reason millionaire, regardless of their income, keep their knowledge about tax strategies updated.

                        They always seek to reduce their tax bills. One approach they employ is by living or incorporating their business in states with no income tax.

                        Do you know that about 60 companies paid $0 legally in the 2018 tax year? Some of these companies that ‘avoided'(note: not evaded) federal income tax include Chevron, Amazon, Halliburton, General Motors, Delta. Their US income was totaled at $79 billion with an effective tax rate of -5%.

                        What’s the deal? They got a tax refund.

                        How do they accomplish these?

                        An ITEP report indicated that they have the culture of throwing huge sums at tax experts who assist them in discovering creative, as well as convoluted means of paying little tax as much as possible.[2]

                        5. Avoid Debt

                        Another habit that separates the millionaires from the rest of the world is how they manage debt.

                        They don’t live an extravagant lifestyle; instead, they only buy what they need and can pay for. They do not book hotels and flights by using their credit cards to pay for them.

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                        They are conscious of the interest rates even when they use credits cards or take loans. If possible, they try to pay with cash because of its zero percent interest rate.

                        6. Set Daily Goals

                        It does not matter if they are setting up a business, a career, or financial projections; they have the success habit of setting short term goals. They plan daily and weekly goals to generate momentum in achieving their long-term goals.

                        Ensure you prioritize when setting daily goals. This will help you to achieve the most important to-dos on your list.

                        Setting priorities will help you to focus on highly rewarding activities. If you desire financial freedom, it is wise to pursue activities that earn you thousands of dollars rather than hundreds of dollars.

                        7. Don’t Act Rich

                        The goal is not to act rich but to be productive. Interestingly, Thomas Stanley buttressed in his book that for the most prestige brands of cars, about 86% percent are toys of the non-millionaires. While most believe that people with huge fortunes tend to drive exotic cars, in reality the largest consumers of pricey cars are aspiring millionaires.[3]

                        According to findings by Experian Automotive Researchers, 61% of individuals who earn $250,000 or more rarely buy luxury brands. Instead, they buy Hondas, Toyotas, and Fords like the rest of the world. The reason is they are not ready to spend money on premium cars that tend to drop in value in a couple of years as it would cost money. Millionaires invest in assets that appreciate.[4]

                        8. Own or Buy Businesses

                        In Robert Kiyosaki’s cashflow quadrant, he divided how you earn income into four quadrants. The E and the S quadrants take the left position while the B and the I are on the right side. According to Robert, it is possible to be on all quadrants, but the millionaires are not.[5]

                        • E stands for employee – they work for others
                        • S stands for self-employed – they work for themselves
                        • B stands for a Business owner- employees work for them (500 or more employees)
                        • I stand for Investors – Money work for them like Warren Buffet.

                        Your goal is to move from the left quadrant to the right quadrants where you own big businesses or make money work for you.

                        It is possible to become financially successful by pursuing what you love. For instance, if you love writing, aspire to be the best seller. Wealth and passion work together.

                        Check out How to Start a Small Business with Little to No Money for tips.

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                        9. Avoid Get-Rich-Quick Scheme

                        A millionaire holds patience as an essential virtue. It takes patience to become successful, not only in finance but in every aspect of life. While it is possible to become financially successful at an early age, most millionaires hit it at age 50. They live a moderate life, invest in their future and retire rich.

                        Bonus: How to Develop the Millionaire Success Habits?

                        Having learned these habits, the next question is,

                        How can I develop the Millionaire Success habits?

                        Here are six values you will need to develop:

                        Establish Your Life Vision

                        You need to be clear about what you want in life to set yourself for a life of success. Your vision has to go beyond becoming a millionaire to understanding why you want to become one. Any great entrepreneur you will ever find has a clear vision and an established mission.

                        Understanding why you are doing what you do will drive you to become the kind of successful person you want to be.

                        Make Your Passion a Profession

                        When your passion becomes your profession, work becomes pleasurable. Loving what you do enables money to flow to you and through you.

                        So what’s going to be? Wake up every morning by speaking positive words into your work, love what you do, and focus on the work that brings you joy.

                        Take a look at this article and learn how to make it happen: 5 Steps To Turn Your Passion Into A Career

                        Focus on Solution

                        Focusing on the solution means establishing the problem that you or your business address. This will help you focus on the solutions when others are faced with challenges.

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                        A millionaire has a mindset that is fixed on the solution. He or she knows there’s a way out, and that every problem is an opportunity in disguise.

                        Improve your problem solving skills with these tips: 6 Effective Ways to Enhance Your Problem Solving Skills

                        Develop Your Leadership Skills

                        Leadership skills are an asset that is indispensable if you want to develop a millionaire success habit. The more you hone your leadership skills, the more you will attract leaders who share your values.

                        Be Growth-Focused

                        Millionaire entrepreneurs prioritize self-improvement. Here’s how to achieve it:

                        • Get a coach. Coaching will impact your life, and you will achieve peak performance in life and business when you have a life coach.
                        • Be coachable. It is not enough to have a coach; you must be coachable. Sometimes, you need feedback and counsel to reposition your life and business. A coach has the wisdom and experience to counsel you from a higher perspective. The more you receive feedback and work on yourself, the more you become better at what you do and who you are.

                        Flip Your Thought Pattern From Acting To Being

                        It is not enough to have a millionaire success habit, you must also become a person of positive influence. This is how you can become significant. Bill Gates is not only rich; he is changing lives in Africa and different parts of the world.

                        If you want to become successful, you must first be and think like a successful person. This is how resources you need can flow into your life.

                        Here’s a final thought from me:

                        It is not enough to do something to have something; success is about being someone who possesses what is needed to take positive and inspired actions.

                        More Success Habits

                        Featured photo credit: Austin Distel via unsplash.com

                        Reference

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