Monday, August 20, 2012
Why Smart People Sometimes Do Stupid Things With Money?
More great money info from Joseph Sangl. Here is one of his blog posts and you can check out other posts by him here.
Why do smart people sometimes do stupid things with money?
I’ve seen really smart people make strange financial decisions.
■Bought a brand new car and financed 106% of it (sales tax and all!)
■Go to college and finance it 100% with student loans while obtaining a degree comparable to a degree in basket weaving
■Go on a very expensive vacation to Hawaii and put 100% on their credit card and have no money to immediately pay it off
■Withdraw all the equity out of their home to start an unproven new business
These types of decisions are made every day by very smart people! Perhaps even YOU have made one or more decisions like this. You may have to only look into the mirror to see someone who has done one or more of these financially horrendous items. I know that is as far as I have to look!!!
Back to my question. Why do smart people sometimes do stupid things with money?
Possible Answers
1.No plan. They wanted to spend the money on the item, but they did not plan for the expense. Consequently, they only money available when the purchase was made was very expensive debt.
2.No self-control. They wanted it! They wanted it now! They did not want to wait. No! Must have item … Must have item now … Will be emotionally scarred for life if item is not obtained now …
3.Hope I can pay for this. Not willing to face up to the fact that they can’t have an item now, but they buy it anyway hoping that “the money will come from somewhere.” The reality is that “hope is not a strategy” and this usually leads to tremendous financial penalties.
4.Talked into it. See #1, #2, and #3. You’ve seen it happen. The friends start talking about it. The friends are going on the vacation. The friends have the new car. Your friends are going to college and are not having to work while there. Justification is found through others’ circumstances.
If I were to attempt to sum the reasons that smart people sometimes do stupid things with money, I would say it is because they were ignorant of the REAL and LONG-TERM COST of those major financial decisions. If they truly knew the COST of those decisions, many tears of sorrow and regret and many money fights with their spouse could be avoided.
Wednesday, August 15, 2012
Beat the Heat
Beat The Heat With BeautiControl's Herbal Hydrating Mist
So, why do I love Skinlogics Herbal Hydrating Mist? Here are just a few of the reasons:
•It instantly cools and hydrates the skin
•It protects from environmental assaults
•It is great to keep in a cooler or refrigerator for an instant "pick me up"
•It is a MUST when you are outdoors, in the pool, working out, at a baseball game, etc.
•It is the perfect "attention getting" product. If you are out an about in the summer heat and pull out this product, EVERYONE wants to know what you are doing, and more importantly, how they can get some.
•It provides anti-oxidant and anti-inflammatory ingredients to the skin to protect and nourish
•It is a great makeup lock to apply after finishing your makeup application to keep everything in place
•Applied to your skin immediately before or after applying your moisturizer aids in the absorption and penetration of your moisturizer
•Applied to the skin prior to your liquid or cream foundation can help your foundation blend more easily and look more natural
•Transferred to an "airline friendly" bottle, you can avoid dry skin that always occurs during frequent travel
Seriously...I have one at my desk, in my refrigerator, on the patio, in my car, in every bathroom in the house, etc. Don't believe me...just watch:
Check out BeautiControl's hydrating mist here on my beautipage.
So, why do I love Skinlogics Herbal Hydrating Mist? Here are just a few of the reasons:
•It instantly cools and hydrates the skin
•It protects from environmental assaults
•It is great to keep in a cooler or refrigerator for an instant "pick me up"
•It is a MUST when you are outdoors, in the pool, working out, at a baseball game, etc.
•It provides anti-oxidant and anti-inflammatory ingredients to the skin to protect and nourish
•It is a great makeup lock to apply after finishing your makeup application to keep everything in place
•Applied to your skin immediately before or after applying your moisturizer aids in the absorption and penetration of your moisturizer
•Applied to the skin prior to your liquid or cream foundation can help your foundation blend more easily and look more natural
•Transferred to an "airline friendly" bottle, you can avoid dry skin that always occurs during frequent travel
Seriously...I have one at my desk, in my refrigerator, on the patio, in my car, in every bathroom in the house, etc. Don't believe me...just watch:
Check out BeautiControl's hydrating mist here on my beautipage.
Monday, August 13, 2012
Accountability
I love learning ways to be smarter with my money and Joseph Sangl offers lots of them. I thought you would like to read his info too. Check him out below and more here.
In school, if you did not pay attention in class and did not study the subject matter, you would receive an undesirable letter grade. It would be the dreaded one-legged “A” – also known as a big ole “F”.
I don’t know what would have happened in your family, but if would have ever brought home a “F” on my report card, I am pretty sure that I would have become the first person who achieved near-earth orbit via an explosion from my parents.
This is an example of near-instantaneous feedback. If I choose not to study, it would take no more than a few months later to receive the dreaded “F” and ultimate accountability with my parents.
It is NO DIFFERENT with your finances! You might think that you are getting away without studying the subject. You might have convinced yourself that you do not really need to take time to plan your finances. You could even believe that you are doing well enough without learning more about finances.
I will tell you that you are dead wrong.
If you do not learn about the subject of your personal finances, you WILL have accountability.
It will come in the form of:
■Not being able to pay for your children’s wedding
■Not being able to pay for your children’s college
■Not being able to retire
■Not being able to take that vacation that the rest of your friends/family are taking because you are broke
■Daily FINANCIAL STRESS that just will not go away
■Questions from your children on why you and your spouse are always arguing about money
■Having to work tons of overtime just to pay the bills
■Having to take a second job just to pay the bills
■Not being able to be a stay-at-home mother because bills have forced you into the workplace
■Not being able to start that business you always wanted to start
■Not being able to realize a lifelong dream to travel around the world
I do not know if any of these have hit home with you, but I made a decision long ago that I would NOT allow money to dictate what I do and do not do. I will take the money that I have and tell every single George Washington where to go. I will ensure that quite a number of George’s are given away and that large quantities are saved BEFORE I start spending them on anything else.
My PRIORITY is to get an “A” on my finances. The only way I will accomplish this is to continue learning and applying what I learn to my finances.
Every. Single. Day.
In school, if you did not pay attention in class and did not study the subject matter, you would receive an undesirable letter grade. It would be the dreaded one-legged “A” – also known as a big ole “F”.
I don’t know what would have happened in your family, but if would have ever brought home a “F” on my report card, I am pretty sure that I would have become the first person who achieved near-earth orbit via an explosion from my parents.
This is an example of near-instantaneous feedback. If I choose not to study, it would take no more than a few months later to receive the dreaded “F” and ultimate accountability with my parents.
It is NO DIFFERENT with your finances! You might think that you are getting away without studying the subject. You might have convinced yourself that you do not really need to take time to plan your finances. You could even believe that you are doing well enough without learning more about finances.
I will tell you that you are dead wrong.
If you do not learn about the subject of your personal finances, you WILL have accountability.
It will come in the form of:
■Not being able to pay for your children’s wedding
■Not being able to pay for your children’s college
■Not being able to retire
■Not being able to take that vacation that the rest of your friends/family are taking because you are broke
■Daily FINANCIAL STRESS that just will not go away
■Questions from your children on why you and your spouse are always arguing about money
■Having to work tons of overtime just to pay the bills
■Having to take a second job just to pay the bills
■Not being able to be a stay-at-home mother because bills have forced you into the workplace
■Not being able to start that business you always wanted to start
■Not being able to realize a lifelong dream to travel around the world
I do not know if any of these have hit home with you, but I made a decision long ago that I would NOT allow money to dictate what I do and do not do. I will take the money that I have and tell every single George Washington where to go. I will ensure that quite a number of George’s are given away and that large quantities are saved BEFORE I start spending them on anything else.
My PRIORITY is to get an “A” on my finances. The only way I will accomplish this is to continue learning and applying what I learn to my finances.
Every. Single. Day.
Friday, August 10, 2012
Wedding Fun
My college roommate got married this summer!!! Everything was gorgeous and I was honored to be in her wedding and do her wedding makeup!!
Rehearsal Dinner
Date night with my handsome hubby
The bride and groom
The bride with her bridesmaids
Bridesmaids Luncheon
The beautiful bride...
About to be announced...
Sweetness... Love this couple..
The bride and groom with our little family
Rehearsal Dinner
What a fun time we had!! I pray y'all have mnay years of love and happiness!!
Wednesday, August 8, 2012
Charge Your Eye Repair Products
Men and women are different in so many ways, but one thing we all have in common is that we want to look as young as we can for as long as we can. For both men and women, the first place that all of us show the signs of aging is around the eyes.
Check this out...
The skin around the eyes more thin and delicate than other parts of our body, which leaves it more susceptible to dehydration and damage. The result…the formation of fine lines, crow’s feet and lack of firmness. In addition, seasonal allergies, stress and even heredity can result in the development of dark circles, puffiness…a concern of both men and women of every age. This is the reason that eye products are among the best selling on the market.
Not only does BeautiControl offer one of the best eye creams you will ever find with the BC Spa Facial Restructuring Eye Cream, check it out here, we also have a variety of clinical strength, targeted solutions to help address more specific concerns.
One eye treatment that I just couldn’t live without is our:
•Platinum Regeneration Rejuvenating Eye Treatment Patches, check it out here,:
◦Formulated with an exclusive hydrogel that instantly plumps and hydrates the areas around the eyes and help reduce the appearance of dark circles and puffiness. I use these almost daily. They are so easy to apply immediately after getting up each morning…I have even been known to drive to work wearing them.
These eye patches are not only great alone, but they are also great to use to super-charge the results of some of other advanced eye solutions:
•If you are concerned with fine lines and lack of firmness, Regeneration Tight Firm and Fill Eye Serum, check it out here, will be your new best friend. Apply around the eyes, even on the lid, then apply your eye treatment patch, leave on the skin for as little as 15 minutes or as long as you have time for and you will see amazing results after just one use.
•If you are concerned with fine lines and the formation of wrinkles and crow’s feet, nothing beats Regeneration Overnight Retinol Recovery Eye Capsules, check it out here. Retinol is one of the most active anti-aging ingredients available and speeds the rate that the skin renews itself. Apply around the crow’s feet area and apply the patch.
•Worried about dark circles and puffiness…roll the BC Spa Solutions Undereye Dark circle and puffiness solutions, check out one of my personal favorites here, under the eyes and apply the patch. This magic wand contains an advanced blend of some of the most effective ingredients available for repairing the cause of dark circles and quickly reducing puffiness. This combination is a miracle worker and a life saver after a late night or seasonal allergies.
Of course each of these products could be used daily as part of your skin care regimen, but when combined with the patches, you will see more immediate and more dramatic results.
If you haven’t tried these, you don’t know what you’re missing. Check out everything on my beautipage here.
Check this out...
The skin around the eyes more thin and delicate than other parts of our body, which leaves it more susceptible to dehydration and damage. The result…the formation of fine lines, crow’s feet and lack of firmness. In addition, seasonal allergies, stress and even heredity can result in the development of dark circles, puffiness…a concern of both men and women of every age. This is the reason that eye products are among the best selling on the market.
Not only does BeautiControl offer one of the best eye creams you will ever find with the BC Spa Facial Restructuring Eye Cream, check it out here, we also have a variety of clinical strength, targeted solutions to help address more specific concerns.
One eye treatment that I just couldn’t live without is our:
•Platinum Regeneration Rejuvenating Eye Treatment Patches, check it out here,:
◦Formulated with an exclusive hydrogel that instantly plumps and hydrates the areas around the eyes and help reduce the appearance of dark circles and puffiness. I use these almost daily. They are so easy to apply immediately after getting up each morning…I have even been known to drive to work wearing them.
These eye patches are not only great alone, but they are also great to use to super-charge the results of some of other advanced eye solutions:
•If you are concerned with fine lines and lack of firmness, Regeneration Tight Firm and Fill Eye Serum, check it out here, will be your new best friend. Apply around the eyes, even on the lid, then apply your eye treatment patch, leave on the skin for as little as 15 minutes or as long as you have time for and you will see amazing results after just one use.
•If you are concerned with fine lines and the formation of wrinkles and crow’s feet, nothing beats Regeneration Overnight Retinol Recovery Eye Capsules, check it out here. Retinol is one of the most active anti-aging ingredients available and speeds the rate that the skin renews itself. Apply around the crow’s feet area and apply the patch.
•Worried about dark circles and puffiness…roll the BC Spa Solutions Undereye Dark circle and puffiness solutions, check out one of my personal favorites here, under the eyes and apply the patch. This magic wand contains an advanced blend of some of the most effective ingredients available for repairing the cause of dark circles and quickly reducing puffiness. This combination is a miracle worker and a life saver after a late night or seasonal allergies.
Of course each of these products could be used daily as part of your skin care regimen, but when combined with the patches, you will see more immediate and more dramatic results.
If you haven’t tried these, you don’t know what you’re missing. Check out everything on my beautipage here.
Monday, August 6, 2012
Is home mortgage interest deduction a good idea?
Here is more great money info from Joseph Sangl. Check him out here.
Is Home Mortgage Interest Deduction A Good Idea?
This is one of the most frequently asked questions at our live events. Below is my answer.
If you have a mortgage and are paying interest, it is ABSOLUTELY very important to take the mortgage interest deduction. BUT there is a few key facts to consider as well.
One thing I have heard commonly stated is “I am not going to pay off my mortgage early because I do not want to lose the mortgage interest deduction.” I believe this saying was initiated by banks because it is much more costly to keep the mortgage than to pay the taxes owed without the interest deduction. See the example illustrated below.
The Mortgage Interest Deduction
Let’s say you paid $5,000 in interest on your mortgage last year. By taking the deduction, you effectively reduce your taxable income by $5,000. You receive back the tax rate on that home mortgage interest deduction. If your tax rate is 30%, you will receive a refund of $1,500 because of the home mortgage interest deduction (30% of $5,000). Of course, the bank keeps the $5,000 you paid in interest. Uncle Sam receives 30% of your taxable income which is now $40,000 because you were able to reduce your taxable income by the $5,000 interest you paid. The total net OUTGO from your bank accounts to Uncle Sam and the bank is $17,000!
The Paid-Off House Scenario
Well, you are living life pretty good in your debt-free condition! You have paid off your house, so now you no longer pay interest to the bank (yay!). This means you will be taxed on your full income of $45,000. If your tax rate is 30%, the total net OUTGO paid to Uncle Sam is $13,500!
NET RESULT: By eliminating your mortgage, you have $3,500 LESS OUTGO from your bank account to someone else.
Is Home Mortgage Interest Deduction A Good Idea?
This is one of the most frequently asked questions at our live events. Below is my answer.
If you have a mortgage and are paying interest, it is ABSOLUTELY very important to take the mortgage interest deduction. BUT there is a few key facts to consider as well.
One thing I have heard commonly stated is “I am not going to pay off my mortgage early because I do not want to lose the mortgage interest deduction.” I believe this saying was initiated by banks because it is much more costly to keep the mortgage than to pay the taxes owed without the interest deduction. See the example illustrated below.
The Mortgage Interest Deduction
Let’s say you paid $5,000 in interest on your mortgage last year. By taking the deduction, you effectively reduce your taxable income by $5,000. You receive back the tax rate on that home mortgage interest deduction. If your tax rate is 30%, you will receive a refund of $1,500 because of the home mortgage interest deduction (30% of $5,000). Of course, the bank keeps the $5,000 you paid in interest. Uncle Sam receives 30% of your taxable income which is now $40,000 because you were able to reduce your taxable income by the $5,000 interest you paid. The total net OUTGO from your bank accounts to Uncle Sam and the bank is $17,000!
The Paid-Off House Scenario
Well, you are living life pretty good in your debt-free condition! You have paid off your house, so now you no longer pay interest to the bank (yay!). This means you will be taxed on your full income of $45,000. If your tax rate is 30%, the total net OUTGO paid to Uncle Sam is $13,500!
NET RESULT: By eliminating your mortgage, you have $3,500 LESS OUTGO from your bank account to someone else.
Friday, August 3, 2012
I love pinterest. It is just want this uncreative mother need who has a creative child. I can help his creative juices flow by starting him out with a project. For Mother's Day, we combined these 2 pins... 1 here and the other here.
T had the idea to add dirt and grass.
I love to see his little/big hands at work!!
Then I found this on pinterest for little things to give his classmates on the last day of
pre-school.
Again, thank you to whoever started pinterest because it has helped me greatly!!
Wednesday, August 1, 2012
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