Is Vehicle Insurance Part of Your Monthly Budget?

How to Save a Quick $250 in Your Yearly BudgetRegardless of the brand or model of the vehicle you drive, there is one thing that will always be required. If you are going to drive, you are going to need insurance on the vehicle. While many people believe this is something they can get around, it simply isn’t worth the risk.

Driving without insurance puts you in great danger. No, you’re not exactly at a higher risk to be involved in an accident. But, you could be in danger of many severe consequences. You could lose your license, you could be setting yourself up for financial disaster, and you could find yourself sitting in a jail cell.

Money was just too tight

The night of my accident, my wife and I had been in the middle of pretty difficult times. She had to give up her job a few months prior due to the birth of our child. Money was tight and things were difficult at the time, but the addition to our family made the sacrifices we endured well worth it. Except for one.

When we first felt the pressure from the loss of her income, one of our first moves was to compare auto insurance rates of different companies. We found a company that offered a significant difference in the monthly premium we were already paying, but we lacked the money that was needed to begin the new policy.

We new driving without insurance was illegal, but we found comfort in the fact that we were both great drivers. Neither of us had ever received a ticket, let alone be involved in an accident. We decided that insurance was something we could go without, just until we were able to get back on our feet.

Even the report indicates that the accident wasn’t my fault. However, because our car was uninsured, I was given the blame and held legally responsible. The small area we lived in was making a push at the time against uninsured motorist, and I was the perfect example of what could happen.

I was in shock as the officer placed handcuffs around my wrist and placed me in the back seat of his car. I was taken to jail where I would wait for my court appearance the following afternoon. I would like to say that was the worst that happened. That just simply isn’t the case.

Facing the consequences

Once I was in front of the judge, matters only got worse. Although it wasn’t my fault, damage had been done to the other driver’s truck. Because I was now legally responsible and didn’t have insurance, it would be up to me to pay for the damage. Out of my own wallet.

Because of the fact that I was in jail waiting to go to court, I was unable to be at work that morning. Hearing about my new need for money wasn’t enough to persuade my employer to save my position. The company has a strict no absence policy and the fact that I missed work due to being in jail didn’t help. My employment had been terminated.

You may believe that you can not afford to insure your vehicle because of your circumstances. Trust me when I say, you can’t afford to get caught driving without it.

Joey Bosa Net Worth

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Joey Bosa

Joey Bosa is an American professional football player for the Los Angeles Chargers.  At just 20 years old, Bosa was selected third overall in the 2016 NFL Draft.  With his selection, he became the recipient of a very nice rookie contract that is worth nearly $26 million over four years.  Many were unsure if Bosa would suit up in his first season due to a holdout in his contract negotiations between his agent and the team.  Nonetheless, the parties were able to come to a resolution that came with a hefty $17 million signing bonus.

Currently, Joey Bosa’s net worth sits at $6 million.  Due to the structure of his deal, he didn’t receive the entirety of his signing bonus up front.  Additionally, living out in California has its price, especially in taxes.  Not only is Bosa in the highest federal tax bracket of 39.6%, he is also accountable to pay the highest income tax rate for the state of California of 13.3%.  Quick math tells us that more than half of his 2016 pay went away to the government.  Regardless of his high tax bill, he is still doing quite well for someone who is only 21 years old.  Joey Bosa’s net worth will continue to grow as he develops in his career.  In the next three years of his contract, when you combine Bosa’s salary, signing and roster bonuses that are due to him, he will make an additional $11 million.

In the 2016 campaign for the Chargers, Bosa had a great start to his career.  Despite only playing in 12 games, he recorded 41 tackles, had 10.5 sacks and forced a fumble.  The Chargers hope he can continue his progression for all 16 games in the 2017 season as the team relocates to Los Angeles.  If Bosa produces on the field, the Chargers will most likely reward him with a fifth-year option that would equate to a yearly salary of around $13 million.  After that, he is eligible for a massive contract.  A top defensive end can expect to earn approximately $14 to $18 million a year.  Back in 2014, J.J. Watt of the Houston Texans signed a deal that was worth over $100 million for six years.  Playing at a high level is the easiest way for Joey Bosa to increase his net worth in years to come.

Bosa was selected as the NFL Defensive Rookie of the Year for the 2016 season.  This should come as no surprise as he was a standout player during his college days at Ohio State.  He recorded 51 tackles for loss and 26 sacks in his three seasons at Ohio State.  He also helped lead the Buckeyes to the 2015 National Championship.

Joey’s dad, John, played a few season in the NFL in the late 80’s and his brother, Nick, currently plays for Ohio State.

Nick Murray: Simple Wealth, Inevitable Wealth

I got my first “real” job at the age of 23 and could not wait to begin investing.  I knew that if I was going to achieve wealth I had to start young and with my parent’s financial advisor.  Turned out I was wrong.  I only had thousands of dollars to invest, and my FA had clients who had hundreds of thousands, even millions.  I paid fees to the FA, still to this day I’m not sure what they were, that were at least 1%.  I took the advice of my advisor believing they were the “expert”.  Eventually I learned they weren’t.

A friend of mine introduced me to a book that forever changed my life and investment philosophy.  That book was Simple Wealth, Inevitable Wealth, Revised Edition.  In the past four years since being introduced to this book, I have read it many times, bought copies for friends and family, and seen my net worth increase dramatically.  I have the confidence to say that this book alone will allow me to achieve millionaire status before I reach the age of 40.  I am also confident in the fact that this book will help me achieve wealth that I never once dreamed I would have been able to.  I will dive into the three most important aspects I gathered from the book and how they will benefit my wealth creation.

1. INVEST IN STOCKS, NOT BONDS

Most advisors will tell you that you need an appropriate mix of stocks and bonds, especially the older you get.  Why do they tell you this?  Bonds have a lower volatility than stocks, but that lower volatility also means lower returns.  Nick Murray states in his book, “You should be an owner not a loaner”.  A good FA will allow you not to freak out and sell when the market turns south.  By owning stocks and not bonds, you ensure the highest possible return on your portfolio.  After all, the S&P 500 has returned an average of over 10% per year for over the past century.

2. GET A GOOD FINANCIAL ADVISOR, OR CONVINCE YOURSELF NOT TO SELL

Nick’s reasoning for a financial advisor is that he or she will make sure you won’t sell equities when times get rough.  He uses the following example in his book:

“Warren Buffet’s net worth declined over six billion dollars between July 17 and August 31, 1998.  His net worth decreased by six billion in 45 days, but how much did he lose?  The answer is zero.”

Times got tough during those 45 days for equities, but since Warren didn’t sell he didn’t lose.  The natural tendency of people is to sell when the market heads lower and buy when the market goes up.  If you can wrap your head around this philosophy that markets will go down and up, but keep in mind the long-term investing horizon, I say there is no reason for an FA.

3. INVEST CONSTANTLY AND FOR THE LONG TERM

Stocks may not return 10% in the short run, but the best predictor of the future is the past, and over the long-run they should return about 10%.  Invest with a long-term horizon and invest on a constant basis.  Investing on a constant basis means every week, paycheck or month, add to your investments and let compound interest work its magic.

Finally if you get a chance I definetly reccomend that you pick up a copy of Murray’s book. Its available on Amazon for around $20 bucks. Thats a lot, but its definetly worth the investment. Click here to get it.

Budget Smart, Invest Wise

Should You Rebalance Your Investments?

If you are fairly new to investing you may have already heard a little bit about rebalancing. According to Wikipedia, rebalancing is the action or trading strategy of bringing a portfolio that has deviated away from one’s target asset allocation back into line. But if you’ve looked at your portfolio to find it hasn’t changed all that much yet, you may wonder whether or not you should rebalance your investments?

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How to Get Short Term Loans without Credit Checks

There is nothing more disappointing than a bad financial situation getting worse when your loan is turned down. Everybody has needs that are important to be fulfilled and nobody wants to get into trouble when it comes to finances. People with poor credit history deserve to live a normal life just like those who have been fortunate enough to have a good credit rating. Banks and credit unions usually turn down requests for the loan because there is no way of being assured that the loan will be p aid back by the applicant. A bad credit score indicates that they have been defaulting in the past and the same might happen again. These organisations are in need of a documented proof that will ensure a safe and timely return of the amount lent.

The same goes for direct lenders. They also need some kind of assurance by people with a bad credit score.

The answer to all these problems lies in getting short term loans without credit checks. These are also known as same day loans, which get processed in a matter of minutes. The applicant receives money in their bank account the same day and can use it for any pressing need. There might be different lenders involved in the process but the procedure is totally transparent as it takes place through a third party or a website like CreditPoor. When everything else fails to work, you may use this opportunity to get your hands on some extra cash to pay off bills and get out of a troubled situation.

The process is as simple as filling out an online form that requires absolutely no paperwork and getting approved almost instantly once you press the submit button. There are requirements, however, for getting these kinds of loans but they are usually not very strict. The fees are totally reasonable and there are no hidden charges. These loans have to be paid back to the lenders within a few weeks and that is what makes them more attractive than other long-term loans. There is no accumulated interest on these loans, which could become difficult to handle with the passage of time. Since you pay back usually within a month, there is no strain of arranging for extra finances.

from the applicants in the form of their employment history, credit history, contact number, etc. However, to get approved for this type of a loan, you need to be at least 18 years of age with a decent monthly salary to prove that you will be able to pay back the loan. The money is usually provided by a direct lender instead of a bank or credit union and therefore those lenders need to be assured that they will get their money back.

The only thing that a borrower needs to check when applying for this type of a loan is the interest rate. There are many companies providing instant loans that get transferred to your checking or saving account within minutes. You need to find the best lender offering competitive interest rates so that you don’t end up paying more than required. Remember, these are short term loans that mean you will have to arrange for finances within a few weeks from the time of approval. So, make sure you do your homework and find the best company that not only get your loan request approved but also offer many other benefits. All this is required to steer clear of any more financial troubles than you might already be facing.

The important thing is not to overpay when you apply for short term loans. You might be happy today to receive the cash instantly but later on, when you will need to return it, you won’t like to be thrown into a worse situation. S ince your credit score is not being checked, you will be paying a certain fee for this kind of service. But other than that there should be absolutely no hidden charges. Moreover, the interest rate should not be higher than average. The duration for these short term loans is usually two weeks to a month, which is why they are often termed as payday loans. Once you receive your payday, you are able to pay back the lender.

Another thing you should be checking out is a free application process. Although only a few applications are turned down by private lending companies, you need to make sure that you don’t pay any extra fee for getting approved. In case the company turns you down for any reason at all, they should not be charging any fee upfront. You will be required to give your bank details for the money to be transferred. This is another requirement that needs to be fulfilled. Make sure your account title matches with the name you provide when applying for the loan. Also, check out the testimonials posted on the website to be assured that you’re dealing with a reliable and trustworthy company offering short term loans without credit checking.

Life may change due to an unpredictable event, such as an accident or an illness, without prior notice. This sudden change is sometimes not only emotionally upsetting but also brings financial instability and worries. The situation turns bad to worse when you apply for a loan and it gets turned down due to poor credit history. However, getting short term loans without credit checks has now been made possible by companies like CreditPoor that bridge the gap between private lenders and borrowers who are in need of instant cash. T hey provide assurance to the lenders that their money would be returned within a specified time period, which is usually only a few weeks. Don’t let your emergency financial needs make you gloomier and more stressed out; apply for such a short term loan today and pay off all your bills with convenience!

 

Kyle Schwarber’s Net Worth

If you are a Chicago Cubs fan, and even if you are not, then you know that last season the Cubs broke a 108-year curse to become World Series Champs. It took the Cubs 7 games to knock off the Cleveland Indians, and the final game came down to extra innings. One of the biggest players in game 7 for the Cubs was their DH, Kyle Schwarber. Kyle went 3 for 5 in the game, but more importantly hit .412 during the postseason for the Cubs.

So, since Schwarber is so famous, you may be wondering, what is Kyle Schwarber’s net worth?

Answer: At least $1.2 million.

At 24 years of Age, Schwarber is one of the youngest players on the team’s roster. He was drafted in 2014 as the #4 overall pick out of Indiana University. At the current moment, Kyle Schwarber’s net worth sits at $1.2 million. Although this might see very low for a baseball player from a championship team, he is bound to increase it dramatically in the near future.

Kyle Schwarber’s Net Worth

In 2014 when Kyle was drafted, he received a signing bonus that was worth $3.125 million. As is the case with most baseball draftees, this high signing bonus is all the money many of them see for quite a while as they are forced to work their way through the minors. Kyle came onto the scenes for the Cubs during the 2015 season. That year he made just over $230k in salary while batting .246 with 16 home runs and 43 RBI’s. The following year, 2016, Kyle was finally a fully active member of the Cubs roster; however, injuries plagued him throughout the year until he was able to return during the postseason. Despite his injury, he still made over half a million dollars during the season. This current season Schwarber is scheduled to make a salary of $565k.

The majority of Kyle Schwarber’s net worth is made up through his current baseball earnings and mostly of his signing bonus from 2014. After this baseball season, Kyle will be able to demand a hefty salary considering his play doesn’t falter. He is a regular starter for the Cubs this season out in left field. He has yet to make any errors thus far, but his hitting isn’t as great as it had been. At the time of this writing, Kyle is hitting less than .200, but he has belted 5 home runs. If he is able to improve his hitting and also lessen his strikeouts, he should have no issue inking a big contract next year.

On a personal note, Kyle is one of four kids. He has three sisters and a father who is a retired police chief. He was born on March 5, 1993 in Middletown, Ohio. He spent his years growing up in Middletown and attended Middletown High School where he played baseball. He then went on to the University of Indiana and was selected by the Cubs in 2014.

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FIRECalc Review

20 years ago, if you were interested in planning your retirement you had to sit down with a financial professional. Back in the 90’s and early 2000’s, meeting with someone with such financial experience was commonplace and expected. Fast forward to today and now people planning for retirement have a plethora of options to choose from. You can sit at your desk and pick stocks, you can set up an online investment profile, you can open a retirement account in as little as five minutes! With the ease of picking a retirement plan simplified, you can also simplify the math through several apps and online calculators. This FIRECalc review will show you that you, the investor, now have access to almost all of the tools that were once reserved for professional money managers.

What is FIRECalc?

FIRECalc is a new type of retirement calculator that factors in historical volatility into one’s retirement projection. Many used to think of retirement projections as the following: I have a $1,000,000 portfolio which I draw 4% from on an annualized basis, therefore I have $40,000 I am withdrawing. Unfortunately, retirement projections like this don’t always pan out. Think of the most recent financial disaster where many portfolios were slashed in half. What FIRECalc does is allow you to see all of the possible outcomes of your portfolio, whether it’s a market rally or another collapse.

The Benefits of FIRECalc:

FIRECalc can let you see a projected path of possibilities for retirement. The picture below uses the following example: Bob has a portfolio balance of $1,000,000. He needs to withdraw $50,000 a year for 30 years in retirement. The lines below indicate the vast array of possibilities that his money will last through all 30 years. With the red line signifying “Zero” you can see that the majority of lines end above. This means that based on historical factors, Bob more than likely will have enough funds to cover his spending requirement in his retired years.

What Else Can FIRECalc Do?

The premise that FIRECalc was built on was in dealing with historical market averages. FIRECalc uses this basis and expands it to many other calculator offerings. Around a third of all Americans rely on social security as their main source of income in retirement. Will your social security payments be enough for your retirement? FIRECalc will let you know what your chances of success are. Other calculators they have include ones for people who are looking to set up a future retirement, various spending models, along with a portfolio allocation model.

Conclusion:

I hope this FIRECalc review shows you the many benefits the site can offer. While it is not entirely user friendly (it looks very simple and plain), it does provide you with something all other retirement calculators lack. Most retirement calculators assume a specific return every year during the duration of your investment horizon. FIRECalc is different in that it presents you all of the possibilities. Markets can go up by 20% in a year, and they can also go down over 30%. There are many fluctuations to take into account and that is exactly what FIRECalc does.

How to Add Value to Your Home [Infographic]

They say there is no better investment than in bricks and mortar, and year after year that sentiment is proven, while there are occasional dips in house prices, overall investing in property is one of the safety forms of investment out there. If you don’t have the budget to invest in a whole house, then investing in your current one can also create value.

One of the fundamental errors that people make when trying to increase the value of their home before selling it is spending too much compared to the increase in value that it will create, homes are a big part of our lives and we have some emotional attachment to them, so making them look as nice as we possibly can and often overpaying is a common pitfall that people make, even when the decision has been made to move on.

Luckily there are plenty of relatively simple and affordable things that we can do to our homes that we can be fairly confident will increase the value, without breaking the bank. So when you’re ready to move up to the next price bracket and you need to squeeze a little more out of the house you’re selling then think of it like a business decision of simple return on investment, otherwise costs can easily spiral out of control.

And while the advice for adding value is fairly standard, ensuring your home is smart-ready and even investing in a few smart devices that potential buyers will see around the house is a great way to increase the perceived value of your home.

So check out this new infographic put together by Florida Realtors  Florida House Sale that gives an idea of how much particular improvements might cost, and the possible ROI that you will see from doing them:  

Marc Gasol Net Worth

Marc Gasol Net Worth
Marc Gasol

Marc Gasol is a professional basketball player for the Memphis Grizzlies.  Gasol, 32, hails from Barcelona, Spain and is the younger brother of fellow NBA player Pau Gasol.  Marc moved to the United States during his teenage years while his brother played for the Memphis Grizzlies.  He was selected #48 overall in the 2007 NBA draft by the Los Angeles Lakers and was traded in a deal that included his brother Pau that sent him to Memphis where he has spent the entirety of his NBA career.  Marc is finishing up his 9th full season in the NBA where he has proven himself as a legitimate force and an All Star caliber player.  In the summer of 2015, Gasol signed a big contract that has paved the way to his high net worth.

Marc Gasol’s net worth currently sits at $40 million.  In July of 2015, Gasol signed an extension with the Memphis Grizzlies that was worth $113 million for five years.  After the conclusion of this season, Marc would have completed two out of the five years on his contract.  His career began with his initial contract with the Grizzlies that was three years for just shy of $10 million.  After averaging double-digit points per game in all of his first three seasons, he was awarded a contract extension for four years worth $57.5 million.  To date, Marc Gasol’s on the court earnings in the NBA have totaled more than $100 million.  These earnings along with a few endorsements have helped create Marc Gasol’s net worth.  Back in 2015, when Memphis signed Gasol to his extension paying him more than $22 million a year on average, many thought the price was quite steep.  However, Gasol has used his big pay day as motivation.  Gasol was named an All Star for the 2017 season and has also posted a career high 19.5 points per game during the 2017 campaign.  The remaining three years on his contract will pay him more than $72 million, all of which is guaranteed.

When he is not playing in the NBA, Marc is busy helping his home country of Spain win basketball games.  He has played with the Spanish national team for many years.  Additionally, he was a part of Spain’s 2008 and 2012 silver medals in Beijing and London.

Even with Marc Gasol’s net worth well into the tens of millions, he still finds time to give back to the community.  Both he and his brother Pau founded the Gasol Foundation in 2013.  The mission of the foundation is to help end childhood obesity.  The non-profit currently serves many locations in the brothers home country of Spain along with the United States.  Marc Gasol is married to his wife Cristina and between them they have a daughter.  They spend most of their time in Memphis where the family has a house.

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