Ted's Blog - Page 2 of 22

Timely updates and reminders on personal money management. Seeing to it that you always have the up-to-the-minute information you need to win the game.
December 20, 2017

So how do you get the best deal on a new car? It’s simple, really.

Unless you’re 100% financially free, work when and where you want, already have pretty much everything you really want, never buy one. Never buy a new car.

I sure don’t, and most of the successful people I know, don’t.

So why don’t they buy new? Because it would’ve cost them a heck of a lot more money if they did.

A new car loses at least 35% in the first 2 years alone. That’s $9,000 on a $25,000 car, $12,000 on a $35,000 one. And if you’re financing the car, it’s more yet.

Think about what it means to have all that extra money. $10,000 every 5 years at a 6% return is $88,000 in 20 years. You really want to give that up for this? I sure don’t.

So before you do, think about what else you can do with that money.. great vacations, a nicer house, or better yet helping you to become financially free a lot sooner in your life. if you’re like most people you’ll see that buying your cars new.. owning a car that’s new for what, a couple of months?, is not the way to go.

I ask you, what is the real difference between a new car and a two or three-year-old car? Do you notice the difference when it drives by? Most people don’t.

Is there a noticeable difference in safety? Sometimes, yes, but most of the time, no. Would it be more comfortable? Not really that much of a difference, is there? How about having fewer miles on the car?

When it comes to mileage, the well-made brands these days are usually good for 150,000 miles or more. As to the warranty, any savings will be blown away by the difference in the cost of purchasing the car. Nicer looking? You just like it better?

If you still think buying a new car is right for you, then why? Are you talking status? Are you being influenced by those commercials?.. letting others decide how you spend your money?

I’m telling you.. the real difference between a new and a 2 or 3 year-old car is money, baby. One heck of a lot of money.

As to how to go about buying your car, car salesmen are often genuinely very pleasant people but be careful, as the world of car buying and selling has, in so many ways, become a game.. a game they play every day. The funny thing is, if you play your cards right it’s actually you that’s in control, not them, because if you walk, they lose the sale.

Winning this game isn’t as hard as you might think, but to do so there is some key stuff you need to know. And once you do, I think you’ll end up just like me.. smiling all the way to the bank.

Want to learn more? Watch this course now.

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December 13, 2017

Is getting out of debt hard a hard thing to do? Yes, it is. But the truth is that it’s not that hard, and that any discomfort involved will end up being nothing much when compared to the benefits you’ll get by doing it.

The truth is that except for a mortgage and possibly some education debt, debt is not good. And if being in debt hasn’t already damaged the quality of your life, I promise you, it’s going to. And that if you don’t solve this problem, the damage is only gonna get worse.. probably a lot worse. And that someday you’ll deeply regret letting that happen.

The good news is that anyone genuinely ready to get rid of their debt can make it happen. Now don’t get me wrong. Like I said, getting out of debt is not an easy thing to do, but you can almost certainly do it. Over a million people do it every year. Over a million people! And most of them will tell you that it was one of the best things they ever did in their life.

So how do you do it?

You start by understanding that there are 3 critical steps you need to take..

  • Make an unbreakable commitment to end this problem and do it now.. right now!
  • Learn all you can about how to spend smarter.. a lot smarter.
  • Have a written plan for how you’ll spend your money and follow it.

Yes, there are other things you need to do, such as immediately stopping all borrowing, but making the commitment, spending really smart, and having a plan for getting it done are the cornerstones.

As to spending smart, you may think you’re doing a good job on that but if you’re like most people, I think you’ll see there are a lot of additional things you can do.. some that you know but haven’t done, and some that nobody ever told you about, that can make a huge difference for you going forward.

The saying “it’s not how much you make but what you do with it that counts” is just so very true. If you take a good look around you at those that are in really good shape, financially, most of them, by far, got there by spending smart, not because they made a lot of money.

As to how to spend smart, really smart, here’s a suggestion. Go to my public service website.. www.moneysmartonline.com and see the 9 minute project introduction and overview video.

At the end you’ll get a free coupon for course #1- How to get a Better Price or Deal on almost Anything. That video will lay a lot of it out for you and no way you won’t save a heck of a lot of money from that day on.

I’m talking freeing up thousands and thousands of dollars you don’t have now.. money that‘ll first go to eliminating all of you debt, then, after that, helping you to achieve the mother lode.. financial freedom. A goal that millions and millions of people have achieved, and that you certainly can too.

So what are waiting for? Go get ‘em.

And good luck with this. I’m rooting for you.

Want to learn more? Watch this courses now.

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December 11, 2017


Not sure if having a plan is that important? Well try this. They did a study of a Harvard graduating class and found that the 3% that had a written plan for their life by the time they graduated went on to make more money that the other 97% combined. 33 times their fellow Harvard graduates!

Think about that. That’s a pretty amazing difference.. 33 times? Wow!

So why do you think this was so?

The answer is actually very simple. You can’t get where you want to go if you don’t know where you’re going. Heck you really can’t do much of anything without a plan, if you think about it.

Want to build a house? You need a blueprint. Build a car from scratch? Once again a blueprint, and so on. The truth is that without a written, thought-out plan for your money and your life you’re very unlikely to get the life you wish for. It’s that important.

And yet almost nobody ever tells anybody about this. Anyone ever tell you how important it is to have such a plan? I’ll bet they haven’t.

And because nobody did, most people go through their whole life without one.. the other 32 graduates, getting just a fraction of what they should have gotten from their life. You don’t want to be in that group, and you don’t need to be, not as long as you have a well thought out plan.

What we often fail to see is just how powerful our mind is. That if we give it a clear picture it can really, really help us. If we’ve clearly decided we want something and identified what we had to do to get it, our mind will see to it that we do the right things.. the big things, and also the little things we need to do, every day, to get it.

It’ll guide our spending and saving, it’ll guide our performance on our job, how we interact with the key relationships in our life, even on how we eat, whether we exercise, how we handle stress. And don’t take this last stuff lightly. Heath and relationships are such keys to a happy life.

I’m not saying having a well thought-out plan is a magic bullet, that it guarantees everything, but what I am saying is that it’s truly a very big factor.. big enough that it’s a lot harder, a lot harder, to have the life you want and deserve without it.

Look, I could go on and on here, but I trust you get the point. Why did the 3% make more money than the other 97% combined? Why have I and others I know gotten to live such a great life? Because we created clarity, created focus. Made decisions then stuck to them, supported them with our daily actions.

So that’s why a well thought out written plan is so terribly important.

So how are you doing when it comes to money? Are you living paycheck to paycheck? Is money creating a lot of stress in your life? Are you on a path to genuine financial freedom, to living the life you wish, or are you hoping to do so “someday”.. when you turn 65, or whatever?

If any of this applies to you, you need to know that all of this is very solvable, but to do so, step #1 is to have a well thought out plan. Once you’ve done that, step 2 is learning how to get the most from your money. Both of these things are now available to you with the public service project I’ve built for you.

Want to learn more? <a href=”https://www.moneysmartonline.com/courses/”>Watch the courses now</a>.

<a class=”learn_more” href=”https://www.moneysmartonline.com/courses/”>Continue to Course</a>

December 6, 2017

Let’s start with some facts.

A detailed study done not too long ago by Consumer Research found that when people asked for a better price, they received it more than two-thirds of the time, that 58% of those that ask for a lower medical bill get one, but that over 70 percent of the time people just don’t ask.

Either they don’t know the money’s there, don’t know how to ask for it, or are just uncomfortable doing so.

And let’s face it. The goal of any business is to make the most money it can, not to give you the best price, the best deal, so no way are they about to help you on this.

And your education? They never covered, it did they. Hey, that’s always been true for everyone.. even those with a PHD in business.

The good news, however, is that what you need to do is actually very easy and anyone can do it. You’ll find that it’s even a fun thing to do once you get into it.. kinda like playing a video game and getting paid in dollars, not just some points.

Most of the time all you need to know is to do 3 simple things, as simple as tying your shoes, say two simple sentences, and to be super friendly to all while you do so. Do these things and most of the time the money is yours.

We’re talking a better price for the things you normally buy and the services you normally use.. telephone, internet, cable, professional services, doctor and dental bills and such.

As to how many dollars, if you’re like most people we’re talking at least $500-1,000 a year for like an hour or two of your time. And that’s just for starters. Now that’s a pretty nice hourly rate, isn’t it. And keep in mind that this is your money we’re talking about. You worked for it, so why not get what you deserve from it.

So how do you get your hands on this money.. your money?

It’s simple. Go see my MoneySmart Project Introduction and Overview Video. At the end of that video you’ll get a coupon to see Course #1- How to Get a Better Price or Better Deal on Almost Anything for free. And once you do, you’ll know exactly how go about it.

So fasten your seatbelt, ’cause you’re gonna love it!

Want to learn more? Watch this courses now.

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November 17, 2017

Your goal should never be a successful life. Your goal should be a happy and successful life. There is no real success if you’re not happy. Happiness is not an option. It is a requirement.

I really hope you’re both happy and successful. But if you’re not, you’re far from alone, because most of the people in this country today feel they have neither a successful life nor a happy one. We’ve reached a point where only 33% of Americans are happy.

We have this amazing country, the richest and most powerful country in the world, and yet most Americans are not that happy, nor do they feel all that successful. How can this be?

The truth is that we’ve been sold a very bad bill of goods as to what it is that will make us successful, as to what will make us happy. Over and over we’re told that money adds to happiness.. success is more.. a bigger job, a better house, a nicer car.. that if we work hard, save our money, that someday we’ll get to live the good life.

Well I ask you.. have these things worked?

The truth is that you can be happy, you can be successful. You can be free work at what you want, when you want, live where and how you want and do that a heck of a lot sooner than 65. But to do that, to achieve that, you may well have to change how you’re going about things.. to do what does work.. to learn how to do it, then make the commitment to go and get it.

And that’s what  is all about.. The Real Keys to a Happy and Successful life. And when you see what these keys really are it may surprise you because, if you’re like most people, you’ll find that they’re far too often not what you think.. not what you’re been told.

Also, I’m not saying that money can’t add to happiness, because it can. But that’s not what’s happening, not even for those that have loads of money. Most of the rich, most of the successful, most of the famous people in our country today are unhappy. Is that really success?

The truth is that you can be happy, you can be successful. You can be free work at what you want, when you want, live where and how you want and do that a heck of a lot sooner than 65.

But to do that, to achieve that, you may well have to change how you’re going about things.. to do what does work.. to learn how to do it, then make the commitment to go and get it.

When you talk to people that have lived a long life they will tell you that it is the very things I’ll be telling you to do that really are what matter. They’ll also tell you, so very often, that failing to do these things are their greatest regrets.

So how do you think I learned this stuff? Trial and error.. 76 years of it, and I’ve got the scars all over my body to prove it. Fortunately, I did learn. I’m also not alone. I’ve met a number of others who also know. Some had these really great parents who taught them from the get-go. Most of them, however, learned like I did, the hard way. Lots and lots of trial and error.

Actually, I guess we’re the fortunate ones. Certainly a lot more fortunate than the hundreds of millions who aren’t happy and successful. The good news is that that needn’t be you.

There are 10 keys to a happy and successful life, and anyone can do them. And I’m telling you, you need to do them all.. every single one. If you don’t you begin to greatly reduce the chances you’ll have the life you wish. In many cases, failing to do these things won’t just reduce your chance of success, it’ll end it. That you will not have the life you wish.

I know this sounds like overkill, but I promise you, it’s not. If at any time you doubt me, go talk to someone who’s had a full and happy life and I’m confident they’ll tell you that the things I’ll be telling you to do are indeed the real keys to a happy and successful life.

Want to learn more? Watch this course now.

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November 17, 2017

You may not know this, but car ownership costs are the second largest household expense in the U.S.. 17% of take-home income. The average family spends almost as much money on cars every year as they do on food and health care combined!

The good news is that cars aren’t just a huge expense. For most people they can be one heck of an opportunity for saving.

There are so many opportunities to save or lose money here, so many tricks they try to play on you, I can’t tell you. Fortunately, I’ve learned all kinds of things to do and not to do over the last 55 years of car buying and especially thanks to the advice of a smart and very knowledgeable insider.. a nationally known expert named Remar Sutton. And if you google Remar Sutton’s name, well game over.. because he da man.

So what did I learn? That buying cars smart is just not that hard a thing to do, and that can it save you somewhere between $1,000-3,000 a year, depending on what price range you‘re buying in. Multiply this over the years and you’re talking one heck of a lot of money.

How much money? $1,000-3,000 a year invested at say a 6% return is 40 to 120 thousand dollars in 20 years! Think of what that kind of money alone can do for you. Pretty amazing, isn’t it. But to get that money, your money, there are quite a few things you need to be aware of.

For example…

Pricing.. We’re told that for a new car, sticker price is meaningless. That what matters is invoice price, which is what the dealer paid for it. But surprise, surprise the invoice price is not what the dealers pay. They also get what’s called dealer holdback from the manufacturer on every vehicle they sell. The holdback is usually about another 3% of the sticker price.

Where to buy a used car.. Most people would say it’s best to buy from a private seller, but a lot of the time you’re likely to do better if you don’t. Not unless you know the seller personally. If you do, great.

If you don’t, you can always go on-line and buy someone’s car that they’re selling, but you better be really careful, because you may have just entered the Lion’s den.

An awful lot of the used cars being sold on-line by quote-unquote the owner are not being sold by owners. They’re being sold by professionals, people selling maybe a car or two a week.

Far too much of the time they know how to fool you on the condition of the car. Far too often they’ve rolled back the mileage. Far too often it’s a car they bought on the cheap, and for good reason, and are now selling it to you at a quote-unquote fair price.. fair if it wasn’t a problem car.

So yes, you can go online and take your chances on a private sale but for most people I think there might be a better way to go. Buying your car from a new car dealer.

So why a new car dealer? It’s the new car dealers that are the ones getting most of trade-ins and the lease backs. And so what do they do? They usually keep the good ones, the ones that are in really good condition, and wholesale out the others to the used car auctions. So they probably just picked you a good car.

And they also usually use the down-time in their service department to check everything, fix whatever needs fixing, which reduces the odds you’ll end up with a problem.

Now don’t misunderstand me. The world of the car dealer is a very tricky place, to say the least. Car salesmen are often genuinely very pleasant people but you need to be careful, as the world of car buying and selling has, in so many ways, become a game.. a game they play every day.

As to how to win that game, it really isn’t that hard, but to do so there is some key stuff you need to know. And once you do, I think you’ll end up just like me.. smiling all the way to the bank.

Want to learn more? Watch this course now.

Continue to Course

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