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10 Fuel Efficient Cars in 2013

10 Fuel Efficient Cars in 2013

Fuel is expensive these days. With a shrinking economy and government incentives aplenty, purchasing a fuel efficient car is a necessity in life. Here are 10 fuel efficient cars and other vehicles to look for in 2013:

1. Nissan Leaf

Nissan_Leaf

    106 mpge city, Price: $35,200

    Consumer Reports is calling the Nissan Leaf “excellent.” The older versions still hold up mechanically. Electric hybrids are reaching levels of fuel efficiency never before thought possible. The Leaf has a decent amount of room for road trips. It’s responsive, cheap, and durable

    2. Tesla Model S

    Tesla-Model-S-rear-right-side-view

       

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      90 mpge hwy, Price: $49,900

      Tesla looks good. The Model S is an amazing sedan. There’s no record of reliability yet, and we don’t know whether they’ll be a burnout, but I’d bet money on this car. Even if the company goes under, it’ll remain inexpensive to maintain and parts will be easy to find for a few decades after. This is one of my dream cars.

      3. Ford Focus Electric

      Ford Focus Electric

        110 mpge city, Price: $39,200

        Ford is a company you either love or hate. Most Ford owners stick by them. There’s a reason for that. The Focus is a great car. It’s cheap to keep and retains value decently. With so many Ford Focus Electrics on the road these days, finding cheap parts will never be an issue. This is a great ride for singles, couples, and starter families.

        4. Honda Fit EV

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        Honda Fit EV Lifehack

          132 mpge city, Price: $36,625

          Honda is known for reliability. The mileage and space on the all-electric Fit EV makes it a great traveler for one to two people comfortably. If it breaks, there’s usually a Honda certified mechanic nearby who can fix it fast, and cheap.

          5. Smart fortwo Electric Drive

          Smart_fortwo_front_3jun2006 (1)

            122 mpge city, Price: $25,750

            The fortwo from Smart is exactly that: smart travel for two people and not much else. I wouldn’t use it for long distance travel or camping, but as a city commuter, it’s amazing. Just don’t get hit in one, because you’re a bit smaller than everything else on the road.

            6. Lexus ES

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            2013-Lexus-ES

              40 mpge city, Price: $40,475

              If luxury is what you’re after, Lexus delivers with the ES series. It may not be a full electric, but 40 mpg is a small price to pay for the luxury and comfort a Lexus brings to the table within its ambient lit leather interior.

              7. Ford C-Max Energi

              Ford C Max Energi

                44 mpge city, 41 mpge hwy, Price: $33,745

                This Ford Hybrid isn’t quite as stylish as the Lexus ES, but it has a few comfort features of its own, such as the innovative SmartGauge with EcoGuide in the dash. Park Assist, Post-Crash Alert, and Heated seats make this gadget car worth checking out. 

                8. Toyota Highlander Hybrid

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                Toyota Highlander Hybrid

                  28 mpge, Price: $40,815

                  For certain environments, an SUV is necessary. BP, DHS, and rappers all heart SUV’s. Even if you’re a soccer or LAN mom, the Highlander is a great choice. With a decent factory sound system and plenty of room, the Highlander is your best option for family road trips.

                  9.Vespa GTS 300 ie

                  vespa-946-scooter-12

                    52 mpge, Price: $2,000

                    The Vespa is a stylish choice for coastal areas. You can pull one off in some coastal cities like Miami, LA, NYC, Boston, etc, but Phoenix or El Paso is probably not the place for them. The gas mileage is great, the body trim is stylish. If I were to buy a scooter, I’d buy a Vespa.

                    10. Honda CMX250C Rebel

                    2009-Honda-CMX250CRebel250b

                      95 mpge, Price: $4,300

                      If you want a cruising motorcycle that’ll get you started and last, the Honda Rebel is the bike you want. This baby reaches speeds of 85 mph, and is perfect for starter road trips warriors. If you have an RV, this is a great alternate mode of transportation to carry along with you if you have room.

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                      Published on May 7, 2019

                      How to Invest for Retirement (The Smart and Stress-Free Way)

                      How to Invest for Retirement (The Smart and Stress-Free Way)

                      When it comes to stocks, I bet you feel like you have no idea what you’re doing.

                      Everyone who’s not a financial expert has been there. I’ve been there. But, time is passing and you need to be crystal clear with how you’re investing for your retirement.

                      Otherwise, it’s back to work until you can afford not to. So, how can you invest for retirement when you’re not a financial expert?

                      You take the time to learn the fundamentals well. If you do, you can grow your wealth and retire happy. The best part is that you don’t need to be a financial expert to make smart investment decisions.

                      Here’s how to invest for retirement the smart and stress-free way:

                      1. Know Clearly Why You Invest

                      Odds are you already know why should invest for retirement.

                      But, maybe you know the wrong reasons. It’s time you get clear on why you’d like to retire. Here are some questions to help you get started:

                      • Will you spend more time with your family?
                      • What does retirement mean to you?
                      • Are you looking to launch that business you’ve been holding off for years?

                      Everyone wants to retire but not for the same reasons. Once you’re clear for why retirement is important for you, you’ll focus on making it happen.

                      Investing in the stock market allows you to take advantage of compound interest.[1] All this means is that your money earns money on top of its interest. A reason why investment in the stock market is one of the best ways to plan for retirement.

                      2. Figure out When to Invest

                      “The best time to plant a tree was 20 years ago. The second best time is now.”– Chinese Proverb

                      It’s true if you’d had started investing when you were 10 years old, you’d have a lot more money than you do today.

                      The reality is that most people don’t start investing until it’s too late. So, if you’re currently waiting for the perfect time to start an investment, it would be today. Open your calendar and block out 2 to 3 hours to choose how you’ll invest for retirement.

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                      A quick way to get a snapshot of where you stand is to use Personal Capital. Input all your personal information and spend some time setting your retirement goals. Once completed, you’ll know where you stand with your retirement.

                      Having a savings account for retirement isn’t planning for retirement. Why? Your money loses value when you factor in US inflation.[2]

                      3. Evaluate Your Risk Tolerance to Create the Perfect Portfolio

                      Investing your money well depends on your emotions.

                      Why?

                      Because when the market drops most people panic and withdraw their money. On average, the US stock market yields an annual 6% to 7% ROI (return on your investment.) But, this won’t happen if you’re worried about short-term loses.

                      Before you invest your next dollar, know your risk tolerance.[3] Your risk tolerance determines the number of risky and safe investments you’d have.

                      Regardless of your investing style, you need to view investing for retirement as a long term game. Know that some years you’ll lose money but recoup this in the long-term.

                      Avoid watching market-related new. Also, create a double authentication to log in your investment account. This way you’re less likely to withdraw your money.

                      4. Open a Reliable Retirement Account

                      Depending on your circumstance, you may need to open a new brokerage account. This is the account is where you’ll invest your money.

                      If you’re currently working for a company, odds are that they offer a 410K investing account. If so, here’s where you’ll invest most of your money. The only problem with this is that you’re limited to the stock options that are available.

                      You do have the option to open a separate IRA (individual retirement account.) Here are some of the best brokers:

                      1. Vanguard
                      2. TD Ameritrade
                      3. Charles Schwab

                      5. Challenge Yourself to Invest Consistently

                      Committing to invest for retirement is hard, but continuing to do so is harder.

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                      Once you’ve started investment for your retirement, you run at risk from stopping. Often you’ll want to contribute less, so you’d have more money in your pocket.

                      That’s why it’s important that you create a budget that allows you to invest each month. If you’re working for a company, you can set a percentage for the amount you’d like to contribute each month. Most people by default contribute 1% but aim to contribute 10% to 15%.

                      Be the judge for how much you can afford to contribute after covering important expenses. To stay motivated, use Personal Capital to view your net worth.

                      A benefit to contributing money to your retirement account is not taxed. For example, if you earn $100 and invest 10%, you’d contribute $10, then get taxed on the remaining $90. As of 2019, the most you’re able to contribute towards your 401K is 19K but this can change.

                      6. Consider Where to Invest Your Money

                      The most common way to invest your money is in stocks, but it’s not the only way. Here are other ways to invest:

                      Robo Advisors

                      Robo-advisors[4] are fancy algorithms that’ll choose the best investments for you. Sites like Wealthfront make it easy for first-time investors to invest their money. You’d input information about yourself and set your risk tolerance.

                      Then, set your monthly contribution amount and your robo-advisor would do the rest. Robo-advisors charge a fee to manage your money, but less than regular advisors.

                      Bonds

                      Think of bonds as “IOUs” to whomever you buy them from.

                      Essentially, you’re lending money and charging interest. Like stocks, not all bonds are equal. Some will be riskier than others depending on their rating.

                      Here are the different types of bond categories:[5]

                      1. Treasury bonds
                      2. Government bonds
                      3. Corporate bonds
                      4. Foreign bonds
                      5. Mortgage-backed bonds
                      6. Municipal bonds

                      Mutual Funds

                      Picture a group of people dumping all their money in a jar that’s managed by a professional. This is how mutual funds work. The fund manager manages the money looking to earn capital gains (interest.)

                      One of the best types of mutual funds is index funds. Since these funds don’t try to beat the market and instead follow it, they need less research. Because of this they often charge the lowest fees and yield the best long-term results.

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                      Real Estate

                      Yes, buying a home is an investment when done correctly.

                      Imagine buying a home and using it as a rental property. After repairing it, you receive a monthly surplus check of $100 to $200.

                      This may not sound like a lot, but repeat this process enough times and you’d earn a large amount of passive income. That’s why real estate is one of the best investments to not only retire but become wealthy.

                      But, it requires a lot of money to start and you should expect losing money along the way as you learn the process.

                      Savings Accounts

                      Your money can still grow in a savings account. Nowadays most online banks offer a 2% annual return. Although the average inflation is higher your money will be available when you need it.

                      7. Master Disincline to Dodge Short Success

                      Investing for retirement is a long-term strategy. That’s why you need to master delayed gratification. All this means is delaying short-term pleasure for something bigger in the future. Research shows that those who have delayed gratification are more successful.[6]

                      So how can you master delayed gratification?

                      By building your discipline.

                      Think back to what retirement means to you. A clear purpose will help you avoid withdrawing your money during a market downturn. It’ll help you contribute more towards retirement when you’d want to waste it instead.

                      Your journey towards retirement will be long, so reward yourself along the way. Choose a reward that’s relevant and meaningful, so that you reinforce positive behavior. For example, after contributing more towards retirement, treat yourself to dinner.

                      8. Aggressively Invest on This One Investment

                      I’ve mentioned several types of investments but haven’t covered the most important one.

                      It sounds cliche but here’s why you’re your best investment towards retirement. The more you know, the more money you’ll be able to make. The more good habits you adopt, the more secure your retirement will be.

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                      More importantly, investing in yourself is an investment that no one can take away. There’s no market downturn nor tragic circumstance that’ll wipe your knowledge and experience.

                      But, how can you invest yourself?

                      Reading books, blogs, and anything that’ll help you learn new topics daily. Listen to podcasts and audiobooks on your commute to/from work.

                      Save money to buy courses and hire coaches. I used to believe hiring coaches was a waste of money when I could learn the subject alone.

                      But, coaches see your blind spots and hold you accountable. Hiring the right coach will help you achieve your goals faster than you would’ve alone.

                      Retire Happy with Excess Money

                      The key to a secure financial future doesn’t only belong to financial experts.

                      It’s possible for you and I. What if you were able to retire earlier than most people and weren’t a financial planner? What if you were able to focus on what you enjoy doing the most while your money was working hard for you?

                      I know this sounds impossible now, but the truth is you’re capable of taking charge of your retirement. I’m not a financial expert but I’ve learned how to invest my money by reading books and learning from others.

                      Investing your money is scary. So start small and invest a small amount of your money with a robo-advisor. Feel your money drop and rise for a month or two. Then, invest more and keep this up until you’re aggressively saving for retirement.

                      One day, you’ll wake up with a net worth you’re proud of – confident about your retirement. You now know a few strategies you can use to invest in your retirement. Will you take action to retire happy?

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                      Featured photo credit: Matthew Bennett via unsplash.com

                      Reference

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