Tag Archives: finance

Success with TS – Leasing a Vehicle is NOT for this Millennial Dad

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Success with TS – You Could Save Nearly $1,000 a Year by Cancelling Your Cable

Millennial Money: Turning in Our Leased Subaru Early Saves Us at Least $5,000 a Year

ST PAUL, MN–Yesterday, we saved our family $5,000 a year. We took our leased Impreza Sport in early and will now drive a minivan we bought with cash, per Dave Ramsey’s influence in The Total Money Makeover.

Our situation–saving us nearly $500 a month–is not average, nor is it normal by any means: 1/3 of all new cars are leased per average on 2018 consumer reports; nearly half of American adults rely on auto loans to pay for their vehicles: NOT OWNED.

We own our minivan outright, that’s unusual in a world where living on credit is standard. And by owning with no payments we save, BIG TIME. Also, by owning, within our means, we get out of debt sooner.

No more $343.17 a month to Chase for the Subaru we NEVER owned. No more $135 a month for insurance, high-end comprehensive, required by the lease agreement. On the minivan our first payment was the last!

We stopped paying for Subaru and Chase’s beach house, we are going to buy our own eventually, and sooner now.

I share our story because you too can do anything with a plan, action and a goal. Time to buy with cash, stop living beyond our means on credit. Patience and persistence to long-term success, good luck.

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Deactivate Your Social Media and Reactivate Your Life

EVERYWHERE, USA–Even with endless connection through social media, Generation Z and Millennials report feeling lonely. This is a clear sign that there is a need to deactivate societal social media account, and that social media is anything but social.

In the time a person can scroll a page endlessly they could have read book on self-help. They could have met a friend for a walk. A person could have started a side gig and paid down on crushing credit card or student loan debt. A person could have learnt a skill and realized they were happier with less constant interaction.

Social media can be a useful for staying in touch with old friends (so too can handwritten letters and phone calls). However, social media is not a friend, not even close. It is time to take your real life back by deactivating your social media and reactivating your life. Upgrade your life today.

Social Security Scam Happens in Minnesota, How to Protect Yourself





MINNEAPOLIS, MN– This morning, I was alerted by way of a phone call from a suspicious number that my Social Security Number was “compromised”, the robotic voice on the end of the line suggested that I call 210-469-8113 to clear things up. DISCLAIMER: !!! DO NOT CALL THIS NUMBER IT IS A SCAM NUMBER: 210-469-8113!!!





I did no such thing, I did not call that number, I did what most people would do in this situation: I panicked and started to sweat profusely. Just kidding. I did some internet research and found that this was a scam and that I needed to let authorities know. I filed a report with OIG and gave a call to the real Social Security people.





Being around tax time, one can estimate why someone would want to steal a social security number, that could be why this phone call scam is on the rise throughout America, and now happening in Minnesota.





That said, be aware of your credit standing and your personal information and your finances, in general. Also, dig deeper, get the information and make a report.





I found out the somewhat easy way after reading articles and waiting on hold for 40 minutes to talk to Pamela with Social Security. She said that this scam has been going on for years, and now the scammers have become wiser and are using more sophisticated techniques such as mimicking the Social Security number itself. She thanked me for reporting my incident and apologized that I was a victim of this scam.





Hopefully you avoid becoming a victim as well, and do not panic if you receive this type of call. To safeguard yourself, you can check your Social Security information at 800-772-1213 — the Social Security Administration’s national customer service line. As I discovered, they were very helpful.





Also, anyone receiving a suspicious call from someone alleging to be from the SSA should contact the Office of the Inspector General at 800-269-0271 or oig.ssa.gov/report.

Facebook is Ruining Your Life, Deactivate and Make Money

The average person may spend up to 25 hours a day on Facebook. Facebook is a huge time suck, that time is used by Mark Zuckerberg to fund his awesome beach house in Hawaii. You could make money with all that time by deactivating your Facebook account, you could fund your awesome beach house. Time is money. Scrolling is a waste. Free yourself, finance your awesome beach house. Your dreams are there, just a deactivation away.

Believe and You Can Do Anything, You Can Even Become a Millionaire if You Want

Disclaimer: I am not a millionaire, nor a financial adviser. I am someone motivated by behavioral changes that create results. I would like to share my ideas with you.

I told my 15 year-old sister that if she puts $500 in a Roth IRA each month starting now, by the time she is 40 she will be a millionaire easily. I am not sure if that is true because I am bad at math. But I believe it is possible and compound interest is real. I believe that if you do something long enough, you are more persistent and you have passion, you can do anything. You can even become a millionaire. This belief system started about a year ago.

A year ago I was in debt–I still am, like most millennials, and I was trying to buy a house I could not afford, like many of my peers. My wife was losing faith in me, we argued about wanting things we could not afford, like a house. We could not find anything in our price range and we didn’t really have a price range or a plan: just buy, that was it. We were juiced or influenced by everyone around us, social media, family, and realtors. When we hit rock bottom that was the turning point. We had spent about $5k in money that wasn’t ours. We had credit cards and student loans and we needed a house. Until we realized we had bigger problems. We had debt problems. Then we stopped.

At that point I started listening to and reading Dave Ramsey, I started reading Brian Tracy, I started reading about investing and inflation, and I started working toward integrity with my partner, trying to become something and someone I thought I could never be, just better and debt free.

A year later I am trying to motivate others to do what is right for their future, for their finances. Numerous books on investing and economics and savings and I have realized that if you want freedom you must protect your finances and work towards growing your wealth your future and your family. These ideas are not new, I am not claiming to have created them, but they have drastically changed my life and my situation for the better so I feel I owe it to others to share it with them, my experience that is.

I see people in debt. I see people unable to pay their student loans and posting on social media about how they consume and use money they don’t have to buy a lifestyle they cannot afford, distracted. I see people protesting when they can fix their problems now, and help others later after they have risen out of their debt. Debt is slavery, to me.

These ideas about my sister being a millionaire by 40 have lead me here. I am about to pay off a credit card that would have been with me a lifetime. I have a plan to pay off my student loans in less than 5 years, including my wife’s. All our consumer debt is nearly gone, save for $680. We are working together as a team to make our family prosperous. It takes hard work and a plan and nothing is perfect but we have seen results in a year and I think you can change the world if you change your financial situation. Believe.

I believe my little sister will become a millionaire by the time she is 40 if she puts $500 into a Roth IRA every month until that time.

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