When my dad was in his 30s, he bought a Ditch Witch franchise. He sold construction equipment like bulldozers and trenchers. One day, his 60-something accountant Fred told him, “Remember to sell one for the old man.” Fred wasn’t talking about himself. He was talking about the old man that my dad would someday be. That story stuck with me.
In other words, bust your chops now. Make extra money while you are young and sock it away for when you aren’t.
Recently, a friend asked me about my saving and investment plans. One of my goals is to have my home and rental properties paid off when I turn 60. Then I could live off the fruits of years of planning and self-sacrifice as I enter Geezer-dom.
She asked me what I would do with the income. I said that it’s not what I would do – it’s what I wouldn’t have to do. I would not have to work. Sometimes I don’t feel like working now – and I’m only in my late 30s. By that I mean 40s. I doubt I’ll feel more spry in my 60s or 70s.
I Stumbled Out of the Blocks
As far as retirement accounts go, I had a 401(k) plan when I wore a suit for TheBankMart in Connecticut in my early 20s. TheBankMart matched whatever I contributed, to a certain amount. That was sweet, free money! If your employer
Everyone eats, right? February 12-13, you can get a $25 restaurant gift certificate for $4. Certificates do not expire.
Code “LOVE”. This deal ends when Cupid loads up his quiver and goes Hunger Games all over Valentine’s Day. Get one now!
I’m a late-adopter of Restaurant.com because it sounded too good to be true. Then I received $25 and $50 gift certificates from friends. Even though the gift certificate said that alcohol was not included, when I called to make a reservation, the restaurant/bar said alcohol could be included – so ask.
You can search by zip code or city. I just picked up three. Once I applied the code “LOVE”, the $25 gift certificate, that was priced at $10, dropped to only $4 each.
Advertising makes us buy things we don’t need – like the Toilet Coffee Mug, Bacon Bandaids, or Gun-shaped ice-cube trays. I say turn off the Super Bowl, avoid the commercials, and cook a vegan meal together. Okay, I’m just messin’ with ya.
When I was in a few Super Bowl ads, my buddies assumed I struck the mutherload! I wish. Although the average price advertisers pay for a 30 second spot is almost $4 million, actors’ scale pay for a national network airing is about 50 bucks – be it a low-rated sitcom or Super Bowl.
If you are staring at a shoebox full of receipts that you must plow through before doing your taxes, NOW might be the time to try shoeboxed.com. They have a 30 day trial for all of their plans.
You could even send them ALL of your 2012 receipts. Get them back lickity-split for doing your taxes. The free trial covers 50 documents. More than 50 and you’ll have to pay for a plan (see below). You can drop down to any plan at any time, including “Forever Free” – which is free… forever.
I am weird. For me, entering transactions in my accounting software is like soaking in a hot tub on a chilly, star-filled night. Reconciling a bank statement is like getting a shoulder massage. Assimilating data is a Q-Tip twirling in my ear. Me likie!
Friends, Renters & Landlords, lend me your ears: Here’s a way for tenants to pay rent on time, thereby avoiding huge late-rent fees. It’s great for folks with unpredictable income, who like sleeping indoors.
“I don’t sell street meat! Why would I need Square?” That’s what I said about Square’s mobile credit card reader that plugs into one’s phone. Then I realized it can work like a charm for renters and rentees. Here’s how:
My tenant was going to be late, so I stopped by. Instead of breaking his thumbs, he paid me using his new Discover it card. The transaction is NOT a cash advance. He was paying for a Good/Service. I swiped his card, he signed with his finger, and a receipt was emailed to him.
Discover it, American Express Blue Cash & Citi Dividend Platinum Visa are no annual fee cards that pay at least 1% cash back and 12 – 15 months of 0% interest. That’s over a year of flexibility! Click on Chip’s Favorite Credit Card Offers for up-to-date deals, terms, and conditions on these cards and more. Email me if you have any questions about which card might be right for your situation.
It’s good for the tenant because Square’s 2.75% swipe fee is probably less than the late-rent fee. Using a 1% cash back card (above) reduces the hit to 1.75% after all is done. It’s good for the landlord because the money is automatically deposited in his bank account the next business day. The 2.75% per swipe fee is Square’s ONLY charge for either party — ever.
My buddy Eric said he doesn’t wanna know how much money he would have if he didn’t buy a shmancy coffee every day. Being a good friend, I ignored his request.
Here’s a hot cup of reality. $5/day for only 5 years at only 1.25% is $9,405.98.
Forgetting about compounding interest, put $5/day under your mattress for 5 years and you’d have $9,120!
Click the “Read More” button to play around with the Latte Factor calculator. See what kind of round stick you can build for dollars a day!
I don’t “do” taxes. Don’t get me wrong. I’m not pulling a Snipes. I pay them, but hire my bean counter Ernie and his steam-powered abacus to do them for me. “Ernie & The Steam-Powered Abacus” is also the name of a children’s book I am writing. I digress.
Because it is possible to get free access to TurboTax 2012 tax preparation software, I am going to give it a whirl this year to see how I do. Fear not Ernie, we’ll file your version. I’m too pretty for the clink.
All I had to do for the freebie was open a State Farm Bank “Free Checking” account with $25. No fees. No minimums. I did it online. I opened the account on a Friday and was cleared to use TurboTax the next Thursday.
If you go the free State Farm Bank route, here’s what you do:
Every January, my annual “To Do” list pops up in my calendar. I simply set it and forget it, like on the Ron Popeil Showtime Rotisserie infomercial.
First up: Check for unclaimed funds. There are billions of dollars in unclaimed funds in the US. Well, billions minus $59. My annual clicking just found $59 waiting for me from Home Depot.
As you may have gleaned from this site, I am an organization freak who occasionally dips his big toe in the pool of OCD. This $59 was a surprise to me. All I can figure is that I got a rebate from a 2009 rehab project of my rental properties and Home Depot didn’t know how to contact me. To quote Lord Jerry Maguire Tennyson, “Ours is not to reason why. Show me the money!”
Because I track like a Navajo bloodhound, in previous years I came across something for my dad, a couple pension payments for my mom, and some dividend from some railroad thing that was my grandfather’s. Give these free sites a whirl:
The only thing better than pizza, is FREE pizza. It’s one of my favorite things – right after raindrops on roses and whiskers on kittens.
Pop over PapaJohnsCoinToss.com and call the Super Bowl coin toss heads or tails. If you are right, you’ll get a free large 1-topping pizza (an $11 value). You are allowed four entrants per household. All must be at least 13 years old and have unique email addresses. If you and another in your household split your votes, you are guaranteed one winner. 4 peeps = 2 pies.
Voting ends a minute before Sunday, February 3rd. Winners will receive an email with their code before Tuesday, February 5th which will be expire on March 10th.
Don’t forget to order their “garlic sauce”. It’s TOTALLY fine to dip your pizza in garlic butter before eating it.
That gift card from your aunt has been sitting on your dresser for a few weeks now. It’s to that restaurant you loved when you visited her in South Carolina as a kid. Unfortunately, she didn’t know that:
a) There isn’t a Bojangles’ Fried Chicken & Biscuits within 500 miles, and… b) You’re a vegan.
Hey, it’s the thought that counts, right? Well, you’re not stuck. There are sites like Plastic Jungle that will give you cash for your gift cards. They also sell gift cards at a discount. It’s a profit deal! As you know, that takes off all the pressure.
BONUS: Until 3:00am EST on Saturday the 19th. If you sell Plastic Jungle at least $200 worth of Gift Cards in a single transaction they will give you a $20 credit off of your next Gift Card Purchase.
Nothing to sell? Buy cheap! Plastic Jungle currently has 77 brand name gift cards for sale at significant discounts. If you are going to buy something at one of these stores, pop on, get the card and use it. Many cards come via email for speeditude. For example, Barnes & Noble (18% off), Macy’s (10% off), Best Buy (6% off)…