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Seven Ways The Word SALE Messes With Your Brain

There are lots of four letter words in the dictionary that makes us do abnormal things. Words like FREE and ZERO are two of the most powerful marketing words that I have shared with you in the past columns at Your Smart Money Moves. However, possibly the most powerful word when it comes to spending money is the word S-A- L-E. It just makes us plain old buy things we wouldn’t normally do otherwise. Here are seven ways the word S-A- L-E changes the way you think about money. 1. Can I afford it? The word sale makes you remove the concept of do I need it to can I afford it? This small shift in thinking could push you over the edge to buy something simply because it now fits within the price range you had in mind. 2. I have no use for this – There are plenty of things that you own that you really never had ...

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How to Shop at Target with a Toddler and No Money in 31 Easy Steps (A Not-So-Foolproof Guide)

1.Have a stern talk with yourself beforehand: I am only going to buy a package of coffee. Only. Coffee. 2. Take a child along. A 12-year-old boy dragged away from video games would do the trick, but the ideal choice is a toddler, preferably a potty-trainer in the thick of the Terrible Twos. (No longer have a toddler of your own? Borrow one from a beleaguered young mother—she’ll kiss your feet in gratitude.) 3. Enter Target. Feel something warm and tingly light up inside of you. Good thing you brought a toddler to keep you in check, because you recognize the symptoms: the beginnings of Target High.* (*Target High: a euphoric state in which you gleefully buy everything you see at Target. Symptoms include dizziness, shortness of breath, giddiness and compulsive credit-card swiping.) 4. Strap the child into a cart. She starts whining, a Toddler Time Bomb already ticking. Hand her a cereal bar to buy yourself eight minutes. 5. Decide ...

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Did Starbucks Charge You 28 Times?

For some of you, grabbing your daily Starbucks order is akin to brushing your teeth every day.   In my your smart money moves column, I will continue to profess that the next twenty years the cash flow management aspect of financial planning will become more important than asset management planning.   Ask soon about my revolutionary cash flow transformation system coming live by the beginning of 2017.  Since technology has taken over for the large part the way we pay bills, transfer money, and manage cash, you’ll see more and more companies asking you to store cash on loyalty cards. In a review recently performed by the Wall Street Journal a study revealed that more than 1.2 billion were loaded onto Starbucks cards and the mobile app in the first quarter of 2016.   The scary part is that this dollar figure amounts to more than some financial institution have in their possession.  For example, Discover Financial Services had $680million in deposits ...

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Five Apps That Will Pay You To Shop

Shopping is usually an activity that makes you spend money.   In fact, with the ease of debit cards and credit cards today you can rack up big bills by simply turning your computer on to one of the major shopping websites.  So, I thought going into the summer it might be interesting to see what apps you could download that might actually pay YOU money to shop. Ibotta (www.ibotta.com) – Did you ever thing you could get paid to scan receipts from your phone?    Before you go shopping, you complete a few simple tasks and then you begin to unlock rewards.  With over 187 participating stores (and you can link loyalty accounts as well) it makes it very easy to make money with Ibotta.  Really, you end up just scanning bar codes and then taking pictures of your receipts. Swagbucks (www.swagbucks.com) – With over $132,470,000 of gift cards that have been awarded to users, Swagbucks is an app that will ...

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Where To Invest Under A Trump Presidency

Americans aren’t quite sure what to make of this three ring circus we are calling a Presidential election.   With the nomination fairly certain to be Donald Trump on the Republican side, there has been major discussion about what a Trump President might look like for the future of our economy.   Will he borrow more money?  Will he balance the budget?  Will he build a wall? Will he bring jobs back to America?   These are amongst the many issues that have been speculated about on the media outlets across the country.  Here are my smart money moves on where to invest under a Trump regime. Infrastructure- While I cannot give you specific stocks, mutual funds, or exchange traded funds (you’ll have to call me or e-mail me for that info;), I will divulge that this will be one of the best opportunities under a Trump presidency.   Consider this for a  moment. . . If you have a parent or grandparent that ...

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How The New Overtime Rules May Affect Your Business

The Department Of Labor is at it again, now changing the game for businesses as it pertains to overtime rules.   Since, that is what we really need . . . some more rules.  If it wasn’t challenging enough for small businesses dealing with making payroll and figuring out to maintain the costs of health insurance, now you’ll have to pay double attention to these new overtime rules which will become effective December 1st. Here’s a bet I’m willing to make on the record.  The cost for businesses across the country to manage and track all of these changes will far supersede the benefits that will actually be paid for people working overtime.  The administration believes by making these changes that many hard working Americans will earn overtime, but let me clue everyone in on four your smart money moves secrets. Right now, if you are a salaried worker who makes in between $23,660 and $47,476 and you have a reasonable ...

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5 Steps to becoming a LinkedIn Leader

These days there are so many social media platforms it is overwhelming.  Each service caters to a specific social activity.  When it comes to doing business, LinkedIn stands out at the top of the pack.  If you already have a LinkedIn profile, you know it serves as a kind of online resume.  But if you just hope someone is looking at you, then you are missing out.  No matter what business you are in, using the site to form connections can be a great benefit.  So how do you increase engagement on the site to become a LinkedIn leader?  Try these steps. Request connections/send messages regularly. Spend at least 30 minutes each week searching for new connections to build your network.  Ask your current connections for introductions to relevant people in their networks.  Also look to join groups that will drive the type of connections you are looking for. Send ‘thank you’ messages when you make a new connection. Make ...

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What They Called Me Then, What They Call Me Now

In today’s workplace, we see new kinds of titles popping up all over the place on how companies name their people.    Our good friend Cody Hicks who works as a leader at Atlanta Eats (you must watch the show) carries the title Chief Brisket Officer.   When we started with our first employee at the front desk of oXYGen Financial, we used the term Director of First Impressions instead of some bland front desk title.   I have also seen titles in large companies such as Chief People Officer, Chief Revenue Officer, and Chief Technology Officer which have replaced old antiquated titles.  But, when is enough . . . enough?   There are so many new titles today that I miss the titles that really described who people are and what they really do for a job.   Here is my list of what they called me then and what they call me now. THEN NOW BARTENDER MIXOLOGIST GARBAGE PERSON SANITATION ENGINEER HAIRDRESSER COSMETOLOGIST ...

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Is It Time For A “Back Door” Roth IRA?

There are many individuals and families who make a high income and believe they cannot do a Roth IRA.   However, there is a part of your financial house you may not have realized that existed called the “Back Door” Roth IRA.   So, why do so many people miss this great opportunity?  According to the Investment Company Institute, only 18.6 million U.S. households (about 15.7%) owned Roth IRAs in 2011.  Do that few Americans want tax-free income in retirement? Who can generally contribute to a Roth IRA? There are three ways to fund a Roth IRA–you can contribute directly, you can convert all or part of a traditional IRA to a Roth IRA, or you can roll funds over from an eligible employer retirement plan. In general, you can contribute up to $5,500 to an IRA (traditional, Roth, or a combination of both) in 2016 ($6,500 if you’ll be age 50 or older by December 31).  However, your ability to make ...

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Five Ways To Travel Safe With Your Money This Summer

Topic: Five Ways To Travel Safe With Your Money This Summer Taped 5/31/16 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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