Author Archives: Daniel Packer

How Being Lazy is Costing You Money

How Being Lazy is Costing You MoneyYou can easily miss out on all the ways being lazy costs you money – possibly because you’re too lazy to think about them. Even being just a little bit lazy can cost you in big ways. Think about your own habits. Is being lazy costing you money?

You overspend. Being too lazy to budget means you’re spending without a plan. It’s a situation ripe for big money mistakes. You need to put at least a little energy into calculating your total monthly income and bills and making sure you have enough money for all your expenses. You won’t know whether you need to cut back or make more money unless you actually review your budget.

You pay late fees. Not bothering to pay your bills on time or check your payment amounts can lead to expensive late fees. With credit cards, your late fee can be up to $35. Rent and mortgage late fees can easily be $100 or more. Some services may be disconnected and you’ll have to pay a lefty reconnect fee to have your services restored. Throwing away money on fees is wasteful, especially when you can set your bills for autopay.

You pay higher prices than necessary. If you buy on the spot because you don’t want to drive to another store or even pull out your smartphone to check prices, you could be spending hundreds more than you have to. Many stores match prices of competitors which means you can get the lower price without having to go to another store.

You miss billing errors. Don’t take for granted that your billers are going to accurately bills you each month. Being too lazy to read your bills means you could pay for transactions that you never made. Billers can sneak in fees or raise prices on services right under your nose. Review your bills each month to confirm you’re being charged the correct amount.

You keep memberships you aren’t using. Being too lazy to use the membership and too lazy to cancel it hits you twice. Cancelling most memberships only takes a phone call. If you have several you need to cancel, making one a day will yield more results than if you did nothing at all.

You miss out on rebates. How many times you do you choose a product specifically because it offers a rebate. How many times you have you put for energy to claim the rebate. Not sending in the rebate (which the company is hoping you will) costs you money. Send in rebates right away instead of waiting.

You keep keeping unwanted items after the return date. Once the return date is gone, you’re stuck with an item you have no use for. If this is a habit, you’re wasting potentially hundreds of dollars simply because you won’t put in the effort to take a product back to the store in a specific timeframe.

You don’t research better investments. If you have money to invest, but don’t take the time to seek out sound investments, you’re leaving hundreds, maybe thousands of dollars on the table. Active investing can help you reach your financial goals much sooner.

Fortunately, you have total control over your laziness. Build a habit of being more actively involved in your finances to combat your lazy habits and start saving money.

Growing Your Business the Right Way

Growing your business can be difficult. Especially in a time where globalization has truly kicked in and you are not only competing with local players for prospects, you are also competing with the world around you via the Internet.

Keeping this line of thought in mind, here are some tools that will help you grow your business both offline as well as online. These tools have been selected based on their ease of access, user friendliness, affordability, support, and pricing.

Checkout

When you are running a business, you need to accept payments on your website and apps. This is where Checkout.com comes into play. A true global solution, Checkout will help you accept and receive payments from across the world like Asia, Europe, and the Middle East, among others. You will be able to connect your credit cards and local payment processors to your mobile app and website.

They have a user-friendly API that will help you connect the dots and integrate their backend with yours. A robust payment processor with useful insights and great customer support, Checkout has you covered so you can concentrate more on expanding your business.

Quickbooks

When it comes to recording your transactions and accounting entries, Quickbooks, offered by Intuit, is the best tool out there hands down. Whether you are running a store or restaurant, working as a freelancer or own an e-commerce store, Quickbooks has you covered. You can raise invoices, track when the invoice was paid, send reminders for due dates, gain insights into your financial position, create accounting entries in a balance sheet, watch your P/L account, integrate banking accounts, and create user accounts. There are a lot of other features as well to help you manage the accounting side of your business.

Infusionsoft

One of the best marketing and lead generation suites in the market, Infusionsoft is robust sales software that will help you capture leads, establish contact, follow up prospects, evaluate your results, stay organized, and grow sales.

Trello

Trello is project management software that is free to use. Following the popular Kanban methodology, Trello allows you to create cards within rows which are assigned to different users so everyone is in the loop on who is working on what.

It is like a virtual corkboard. You can create projects and break them down into different tasks and subtasks. It will help you manage tasks and employees to whom this task is assigned thereby improving productivity and reducing stress.

Evernote

People need to take notes and for good reason. This is where Evernote, the industry staple for note taking comes into the picture. You can take audio notes, pictures, connect with other third-party, cloud-based apps and sync everything between different accounts. For most people, the free version of the app is good enough, but in case you are looking for features and advanced security, there are two other paid plans available too.

Lastpass

There are so many websites and accounts that we own and operate with that it becomes difficult to remember all the user ids and passwords. This is when Lastpass comes in handy. As the name suggests, this is the last password that you will ever have to remember. Lastpass will remember all the user id and passwords for you neatly stored in folders. Their security is top of the notch and they have mobile apps that work with mobile browsers.

Google Docs

No list can be complete without Google Docs. A suite of cloud-based apps that is free to use and provides a robust set of features. There is an option to save your work offline so you can work on it at a later time. You can access mail, spreadsheets, documents, cloud storage, and more. Google Docs is critical for anyone who is working online in any capacity.

WordPress

If you are looking to build a website or a blog or both in order to capture the imagination of your audience, which you should do irrespective of the industry you are working in, then there is probably no better solution than WordPress. WordPress is a CMS solution that will allow you to build websites, blogs, and even full blown eCommerce sites using drag and drop functionality. It is said that more than 25 percent of the web is powered by WordPress alone which is evident from its large community.

Google Analytics

When you are running your business, it is important to track results and understand user behavior. You need to understand where your customers are coming from, which marketing campaign is working and more importantly which one is not working, your audience’s demographics and so on. Google Analytics is a free tool that allows you to do all this and more.

Should You Accept a Bad Job That Pays More Money?

Should You Accept a Bad Job That Pays More Money?The good news is that you got a new job. The even better news is that the new job pays more money. But, you haven’t accepted the offer yet because there’s bad news – it’s a job that you’re probably not going to hate. Your first impulse might be to take the job expecting the money to make up for the job dissatisfaction. But, considering that you spend most of your waking hours at work, you have to question whether it’s really worth it take a job you won’t like.

Why Do You Want to Make More Money?

Before you decide whether to take the job, take a step back and consider your true motives for wanting more money. The money itself won’t necessarily make you happier, especially not happy enough to deal with the downsides of the job. However, tying the income to a bigger financial goal, like paying debt or building your child’s college fund, can help keep your reason for taking the job in perspective. It gives you a reason to deal with a job you don’t like.

Another benefit of connecting your extra income to a goal is that you have an “out” from the job. Once your goal is met, you can give yourself permission to move on to a new job.

When Should You Turn the Job Down?

You can likely find as many pros as cons to accepting a bad job that pays more money. It can be helpful to list out your dealbreakers – reasons you absolutely cannot take the job. If any of these are true, taking the job may not be a good idea.

  1. The job takes you too far off course of your career path.

A bigger paycheck is nice, but not at the expense of your career. After the novelty of a bigger paycheck wears off, you’ll be stuck with a job you don’t like that’s not helping you get to where you ultimately want to be in your career.

  1. The work is too soul crushing.

If the job involves something that you find unethical or that doesn’t line up with your morals, don’t take it. Being unhappy at work is one thing, feeling guilty about the work you’re doing can affect you in an entirely different way.

  1. It takes you away from your family.

A job that requires additional travel will mean being away from your family for more time. No amount of money is worth damaging your relationships, so get input from your spouse or partner to help make the best decision for your family and your finances.

  1. You don’t want to become a slave to money.

Once you start sacrificing what you truly want for money, you could start down a path that’s hard to turn back from. That’s why it’s important to be sure that you tie the extra income to a financial goal and stick to that goal. Otherwise, if you start experiencing lifestyle inflation – where your cost of living increases with your income – you need to keep making more money to keep from feeling broke.

Making a Final Decision

You may be able to negotiate some aspects of the job that would make it easier to deal with. For example, you may be able to negotiate for more work from home time or work it out so that you travel only a few days of out of the money rather than every week.

Don’t feel bad if you ultimately decide to walk away from the job. Avoiding a job that will make you miserable is better for you than any salary.

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