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Posted
Jun 25 2008, 06:52 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. Generating multiple streams of income can have a major impact on your finances. Even an extra income of $500 each month could go a long way to paying down debt or increasing your investments. We often hear about the importance of diversifying our investments, but diversifying our income streams is just as important, particularly in difficult economic times. Let me show you just how valuable even an extra $500 per month can be. Then I'll list the factors to consider in deciding how to generate extra income, followed by 10 multiple-income-stream ideas.
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Posted
Jun 04 2008, 05:30 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. With Father's Day fast approaching, finding a memorable gift that doesn't break the bank can be a chore. To make things easy for you, what follows is a list of Father's Day gifts that range in cost from zero to about $25. And for those fathers reading this article, you'll be happy to know that a Father's Day tie is not on the list. Homemade greeting card. Kids love crafts, and making a card for Dad on Father's Day is a memorable time. I've kept every card my children have ever made for me, and they are worth far more than anything they could have bought for me. Here's a site with some great card ideas.
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Posted
May 28 2008, 06:09 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. I'm a "Seinfeld" fan, and I'm reminded of the episode when George Costanza pushed an elderly woman, a clown and a roomful of children out of his way so he could escape what he thought was a blazing fire. The clown ended up dousing the blaze with his big shoe. When you think of your home-equity line of credit, you should be reminded of George. In an emergency, your home-equity line of credit may be the first thing to leave the room.
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Posted
May 21 2008, 05:58 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. Mistakes are a part of life. We all make them. But like turning lemons into lemonade, we can benefit from our mistakes and make the most of them, or we can run from them and pretend they don't exist. This hit home for me recently in an e-mail exchange I had with a reader. In a recent post about peer-to-peer lending, I made a mistake.
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Posted
May 14 2008, 04:51 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. With gas prices nearing $4 a gallon, saving money on gas is more important than ever. Fortunately, there are a lot of relatively simple and inexpensive things you can do to save money on gas. What follows is a list of 25 ways to reduce what you pay at the pump.
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Posted
May 07 2008, 05:16 AM
by
Karen Datko
This post comes from partner blog The Dough Roller. Have you ever found yourself at the store or gas station ready to pay, only to realize that the last $20 in your purse or wallet is gone? It's a sickening feeling in the pit of your stomach when you realize you can't pay for something. This happened to my mom all the time when I was a kid. My parents went from one financial crisis to another and were always short on cash. I recall vividly my mom yelling at my stepdad because he had taken money out of her purse and left her with nothing. She usually figured out that she had no cash just after putting $5 worth of gas in the car (gas was a lot cheaper back then). A resolution to this problem always seemed simple to me, even if it eluded my parents.
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Posted
Apr 30 2008, 05:37 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. If you haven't figured it out by now, The Dough Roller isn't really about money; it's about life. More specifically, it's about how money affects our lives, and how we can leverage money to live and achieve our life's goals. Crunching numbers on a spreadsheet, while important, won't help us seek out and find our life's purpose, but there are three questions that might.
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Posted
Apr 23 2008, 06:35 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. I've been talking with my insurance agent over the past few weeks about flood insurance. It may not be as exciting as Dr. Phil's marital debacle, but then again, Dr. Phil is unlikely to destroy my home.
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Posted
Apr 16 2008, 06:43 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. As much good as he does, Dave Ramsey drives me nuts with his extreme views on debt. Ramsey, as he readily admits, did some really stupid things with debt. Leveraged to the hilt on bad real estate deals, he went bust in a way most of us could never imagine. As a real estate investor, my leverage and borrowing comes nowhere near the toxic level Ramsey went to. Why? Because Ramsey's personality is one of extremes. Much like an alcoholic, he could not control his use of debt. He got one taste of that leverage, and he was borrowing before noon ever day. Dave Ramsey is a recovering debtaholic Now he is a recovering debtaholic. Like a recovering alcoholic, he should never borrow again. Why? He just can't handle it. Put Ramsey and debt together, and something really ugly develops. OK, fine. But why should that apply to all of us? It's as if a recovering alcoholic were telling the rest of the world never to have a glass of wine. In other words, what works and doesn't work for Ramsey may not apply to everybody else. Of course, there are those who, like Dave, can't control debt and should avoid it just like he does. But debt, if used wisely, can greatly improve your finances, can increase your financial freedom in the long run, and can greatly improve your balance sheet.
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Posted
Apr 09 2008, 05:29 AM
by
Karen Datko
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This post comes from partner blog The Dough Roller. Fear of change can be a powerful, all-consuming force in our lives. It can keep us from pursuing our dreams. It can keep us in a destructive relationship. And fear of change can cause us to make some really bad investing choices. I had to confront my own fear of change six years ago. At that time I was partner at a very large firm. I had worked eight hard years to make partner and had enjoyed the fruits of my labor for two years as a partner. And then I quit. I quit because I was tired of choosing my career over my family. So I took a six-figure pay cut and accepted a job that wasn't nearly as prestigious. It was one of the most frightening things I've ever done. I kept asking myself -- am I nuts for doing this? I went from a corner office to a windowless office literally the size of a broom closet. I went from being the boss to being an absolute nobody. And it was the best career choice I ever made. The decision taught me a lot about confronting my fear of change. From that experience, I learned five steps that can help anybody overcome a debilitating fear of change.
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