The Amazing Superpower Of Compound Interest

Snow Covered MountaintopIf you are young or just graduated from college, the last thing on you mind might be saving for retirement. After all, you still have plenty of time right, since retirement is still over 40 years away. Wrong. The best time to start saving for retirement is right now.

Yes, you could start saving in five or ten years and live it up in your twenties traveling and going out every weekend, but it will cost you. It will cost you a lot more than you think because of a phenomenon called compound interest.

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Switching From Dedicated Server Hosting To Colocation For Massive Savings

Server ColocationSince December 2012 I have been leasing a large dedicated server for one of my websites. This server has 72TB of raw disk storage with a monthly fee of $799. The site gets 25 gigabytes of new content uploaded daily and by the beginning of 2016, the available disk space was down to less than 10TB.

Faced with running out of space by the end of the year, I started looking for a new solution. One of the first ideas was renting a second 72TB server from the same company, which would have doubled my server hosting cost to $1600 a month.

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Would You Buy Fake Dirty Jeans For $425?

Expensive Nordstorm Fake Mud JeansJust when you thought the stylish trend of taking a pair of brand new perfectly good pair of jeans and ripping a hole in them and selling them for four times the regular price was stupid, Nordstrom has raised the bar by selling a pair of fake mud jeans for $425.

If you are wondering what in the world are fake mud jeans, they are exactly what it sounds like: jeans covered in fake brown mud.

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Cut the Cord on Cable TV For A Richer Life

Cut The Cable TV CordTwice a week I would go out for a run in the evening around the neighborhood and just about every single house will have flashes of light coming through their windows. This light isn’t from some sort of mad science experiment going on, but from the television in the living room zapping our brains with everything from movies, news, talk shows, commercials, and mindless reality shows.

The Nielsen Company estimates there are now 118.4 million TV homes and the average American home now has 2.93 TV sets. The average American now watches more than five hours of television a day and the average viewer spends about 15 minutes of every hour watching commercials. Assuming the US life expectancy of 78 years, we spend about 16 years of our lives watching television.

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Why You Should Start A Side Hustle

Side HustleA side hustle is a way for you to make some extra cash while keeping your day job, whether that is an actual job or being a full time student. A side hustle can come in many forms. It could be an actual part-time job like driving for Uber. It could be a hobby or something you are passionate about that makes no money at all but increases your marketable skills. Then there is my personal favorite, coming up with a business that you can run in your free time after work and on the weekends.

From reading online, some people believe that starting a business requires spending lots of money, investing a lot of time, and hiring lots of people. The reality is for a side hustle all you need is an idea, some free time, and you can invest as much or as little money as you want into the idea.

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20 Smart Ways To Save Money On A Road Trip

UtahWith the arrival of spring and nicer weather, many of you may be starting to think of going somewhere for spring break or summer vacation. Depending on how many people are in your group, it may be cheaper to drive than fly.

Driving offers a lot of flexibility and benefits than other methods of travel. You can visit friends and family along the way. You can bring your dog along, saving the costs of boarding your canine buddy at a kennel. You can stop and explore towns and try local cuisines.

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We Own Too Much Stuff

ClutterA couple weeks ago I was helping a friend empty out his storage unit that he had rented to store his office fixtures after closing down his office space. His unit was among hundreds of other similar units in a five story climate controlled building with security cameras, personal key codes for off-hour access, and extra large elevators for customers to move in their things.

Self-storage is an interesting concept. Behind these rows of yellow corrugated metal doors are rooms filled with items that people couldn’t bear to throw away. Instead they are paying monthly rent for space not for people to live in, but to store things so they can make more room at home to buy even more things.

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