Debt

Why The Cheapo Groovo System Works While Other Fail!

In a nutshell, STATISTICS. 60% of new businesses fail within their first five years.

My system applies the same diversification techniques used by stock investors to employment. Why specialize and bet the farm on one career? Instead you should have multiple income streams!

With my system, you are using assets, avoiding liabilities. You perform tasks that you were doing for free but now get paid for (searching, clicking links, watching videos). You are not spending tens of thousands on a college education that will be useless, obsolete, or outsourced. You combine practical entrepreneurship, with a frugal lifestyle, with a proven investment strategy!

My favorite income stream is selling covered calls. Did you know that over 75% of options expire worthless?  That means I keep my option premium and can repeat the process all over again.

Unlike network marketing systems, you will earn income even if no one joins underneath you. And unlike the touts and come-ons all over the Internet, I document all my income streams.


How to cut your homeowner's insurance

HousI got my homeowners insurance and the premiums rose 20%. My dwelling figure (replacement cost) went up despite lower copper and lumber prices. State Farm bases everything off this number as a percent. Personal property is 75% of the dwelling for example. The Insurance Information Institute said personal property should be 50% - 70% of the dwelling.

So I called and said I have no intention of rebuilding the exact same house in the exact same location, I was able to name my own replacement cost for the dwelling!

If you are ever in this situation, you can try what I did and raise your deductible at the same time.


Easy Solution to Health Care Costs

Get insurance out of health care altogether, except for catastrophic, unanticipated injuries. After all, insurance is about managing risk. As Eric Peters pointed out a few weeks back, you wouldn’t have your car insurance pay for routine oil changes, or your homeowners insurance pay for a new coat of exterior paint on your house. The very idea is absurd from an economics perspective, cost-prohibitive, and goes against the very definition and purpose of insurance. So why the HELL is this insanity common practice in the medical and dental field? Having one’s insurance pay for a routine tooth cleaning or simple physical checkup makes no more sense than having insurance pay for a routine oil change or home termite inspection.

The Best Bailout Plan Would Have Been To Rescue Homeowners

How? By simply paying off their mortgages. Since 2/3 of GDP is consumer spending, the savings would have gone to buy products/services. That would have kept the unemployment rate from rising.

Here is what my research shows:

The quarterly survey published by the Federal Reserve, called the Flow of Funds Report, shows the total value of all home mortgages in the U.S. was $11.2 trillion through the third quarter of 2008.

According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy.

Here is what they did:

$9 trillion given to 8000 banks.


Use only high value coupons

Many stay at home moms spend hours upon hours finding, printing, and organizing coupons. I've given that up since it is a time waster. Instead I use the price book along with high value coupons. It gives me the most savings with the least effort. I brought my own bags (10 cents), used a BOGO for Starbucks ($1.89), used a Green Fest coupon ($1 off toilet paper), and a Facebook coupon for a free pizza ($2.50). I saved $5.49 simply by collecting only high value coupons and living my day as I normally would.