Five Reasons Why You’ll Never Be Rich And One Reason Why You Already Are – Personal Capital May 2014

Salient to Investors:

5 habits that prevent you from becoming wealthy:

  1. Being a “C” student who thinks they deserve an “A” lifestyle
  2. Inability to delay gratification by taking on debt. Credit card interest at 15%+ leads to financial failure –  even Warren Buffet has not returned greater than a 15% annual compound return on his investments.
  3. Spending too much on a car.
  4. Unwillingness to go the extra mile at work. Never take your work for granted – come in early, leave late, frequently ask colleagues if they need help, and be proactive with new responsibilities.
  5. Saving as if Social Security or a pension will support you. In its current state, Social Security can only provide 70% of benefits in the next couple of decades, while pensions are disappearing fast. Max out your 401(k), or save at least 20% of your after tax income.
  6. Not building enough passive income; like from dividend yielding stocks, REITs, rental properties, tutoring, starting a sideline business, earning royalties, and building a CD ladder.

If you have a net annual salary of $30,000 a year then you are in the top 1.23% of richest people in the world.

Read the full article at https://blog.personalcapital.com/financial-planning-2/reasons-why-youll-never-be-rich-and-one-reason-why-you-already-are/?utm_source=Dianomi&utm_medium=CPC&utm_campaign=five_reasons_why_you%27ll_never_be_rich&utm_creative=320x400_pc_dianomi_wm

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The Best Way to Find a Cheap Airplane Ticket, According to Two Guys Who Set Fares – BloombergBusinessweek 09-24-13

Salient to Investors:

Bill Brunger at PODS Research and Scott Nason at SDN TT&H Consulting said:

  • A single flight often has 20 or more fares with purchase deadlines of 1 to 90 days. Fares booked 21 days in advance generally cost less than fares bought a week or less before travel.
  • Airlines overbook most flights as the amount of no-shows has been remarkably stable over the years and it is financially lucrative as overbooking accounts for 2 percent to 4 percent of the industry’s entire revenue.
  • Buying vacation flights nearly a year in advance will not help you get the best ticket price because revenue management people don’t know too much a year out so are nervous and pick a default level that’s conservative.
  • For Thanksgiving and Christmas travel, book early-ish as an airline having too many empty seats three to four weeks before departure and being desperate to sell them is exceedingly rare – closer to departure, the seats that are left cost far more.
  • If the price feels like a fairly good fare, take the plunge.
  • Stop looking and keep shopping a flight you’ve purchased. Airlines are much less likely to refund you the savings than they used to be.

Read the full article at  http://www.businessweek.com/articles/2013-09-24/the-best-way-to-find-a-cheap-airplane-ticket-according-to-two-guys-who-set-fares#r=rss

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Wal-Mart Beats Amazon Prices Including ‘Glee’ DVD Set – Bloomberg 06-21-12

Salient to Investors:

Kantar Retail research showed 36 items across four categories including edible grocery, non-edible grocery, health and beauty aids and general merchandise were on average 20 percent more expensive at Amazon than at Wal-Mart. On goods such as food, Amazon’s prices were almost 60 percent more. Five years ago, about a quarter of Wal-Mart’s customers shopped at Amazon, now half say they do.

Prices at Wal-Mart online are on average 7 percent cheaper than Amazon’s. Amazon’s Subscribe and Save program can get close to Wal-Mart’s prices.

Read the full article at http://www.bloomberg.com/news/2012-06-22/wal-mart-beats-amazon-prices-including-glee-dvd-set.html