New Info Blog

The Non-Farm Payroll report presents quite a dilemma for the new Forex trader. On the one hand it is a predictable market mover which happens on the first Friday of every month at 8:30 am Easter Standard Time.

On the other hand, it has the following major disadvantages for the Forex trader:

• The large price swings can create whip saw reaction which can easily take out stops.
• Trading at this time is very volatile and many online brokers cannot guarantee positions. Slippage is a major factor at this time so the Forex trader may not get the profits they think they should or they may get stopped out when they think they shouldn’t.

Before considering how a Forex trader should approach the market at the time of this report, let’s get behind the scenes and get some background information on this fundamental announcement:

The U.S. Bureau of Labor Statistics releases this statistic which represents around 80% of the workers responsible for the gross domestic product of the USA. In other words, the figures released show the total number of paid employees in the USA in any sector with the exception of those in:

• general government service
• private household category
• certain non-profit organizations
• farm and agricultural sector

This comprehensive report gives details of:

• how many people are looking for employment
• how many people are in employment
• salary levels of those in employment
• number of hours worked

Why is this of interest to the Forex trader and why does this information have such an impact on the foreign exchange market?

A successful Forex trader needs to have some understanding of economic factors in order to perceive what candlestick charts are representing.

The employment data contained in the Non-Farm Payroll report is a major indication of how well the economy of the USA is doing. Additionally, the data provides a guide for investors as to where to put their money.

Another major factor is the insight the employment data gives on inflation, especially the figures relating to salaries and wage trends. Any signs that inflation may be increasing or decreasing are monitored closely by the Federal Reserve which responds accordingly.

As a result, the money markets react in a big way.

How should the Forex trader deal with the Non-Farm Payroll report?

In view of the wild price swings which are characteristic at the time of the release of this report, and as many online brokers cannot guarantee positions at this time, many professional traders choose to stay out of the market at 8:30 am EST on the first Friday of each month, and for perhaps 30 to 40 minutes after.

Additionally, price action is often very muted during the first Friday of every month as the market awaits the Non-Farm Payroll report. Modest price action may even be noted one or two days before the first Friday in some instances.

The Forex trader needs to be aware of this and recognize the market conditions leading up to this report. Price will often be in consolidation working its way up and down narrow channels. Trading opportunities still exist but of course, such price behavior will require a different set of strategies.

As for the time after the report, there can often be good trading opportunities. After waiting for the market to settle, which may take anywhere between 30 to 60 minutes after the report, it is possible to start making sense of what is happening.

By observing key support and resistance levels, candle patterns, Fibonacci levels, and other indicators, it is possible for the Forex trader to profit from the second leg of price action, after the first dramatic swing has taken place.

So to summarize:

Why does the Non-Farm Payroll report have such an impact on the Forex?

Answer: Because the employment data contained in the report can be a major indicator of how well the economy is doing and how the Federal Reserve is likely to respond to inflation indicators.

How should the Forex trader approach the time of this report?

Answer: STAY OUT! Then, once wild price action has settled some time after, calmly review the information represented on the charts, and if a good setup appears, TRADE!

For a free pivot point calculator, Fibonacci calculator and the best free economic calendars click here:

http://www.vitalstop.com/Forex/tools.html

Learn how the MACD indicator can help you avoid much anxiety:

http://www.vitalstop.com/Forex/Advisor/forex-strategy-MACD-save-anxiety.htm

Do you know the important lesson Mohammed Ali teaches us about Forex trading? Read it here:

http://www.vitalstop.com/Forex/Advisor/forex-online-trading-mohammed-ali.htm

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Short term Forex trading can get pretty scary sometimes and good traders are always looking for a way to reduce the risk and increase the profits.

Do you have a short term forex trading style? If so, you need to be aware every day of the data releases, prominent speakers, and other potential big market moving events in the day ahead. Do not forget that the economic data calendar for the forex market is all encompassing. On any given day it’s possible for items coming from several different countries to have an impact on price action. Consider the following example, this is an indicator that moves the market.

CCI – Consumer Confidence Index

The Conference Board; Last Tuesday of each month, 10:00am EST, covers current month’s data. The CCI is a survey based on a sample of 5,000 U.S. households and is considered one of the most accurate indicators of confidence. The idea behind consumer confidence is that when the economy warrants more jobs, increased wages, and lower interest rates, it increases our confidence and spending power. The respondents answer questions about their income, the market condition as they see it, and the chances to see increase in their income. Confidence is looked at closely by the Federal Reserve when determining interest rates. It is considered to be a big market mover as private consumption is two thirds of the American economy. If you are looking for an effective forex currency trading system, then using this report can make it even better.

Obviously, long-term traders don’t have to be keenly aware of the upcoming data and influential speakers. However, they should, be alert to the happenings in markets which influence forex. Those include interest rates, commodities, and perhaps stocks at times.

If you really want to improve your trading then be sure to click on the link below, you will be glad you did. Good luck trading.

Make a Killing Trading Forex! Forex Killer is the place to visit.

See what a Forex Trading Robot can do for you! Forex Robot is a must.

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It is reported that tax the next ten years, half of the American households will have a partnership based business. An internet based business could be the answer for those that find themselves working too hard, not making what they’re worth at their 9 to 5 job, or spending too much time away from what matters most in a persons life…family.

People are starting to work from home and beginning to live life on their own terms.

The Benefits Of Working From Home

Set Your Own Work Schedule

Spend More Time With Family

Have More Time For Yourself

Enjoy Becoming Your Own Boss

Build Your Very Own Business

Determine Your Stream Of Income

Generate Long-term Financial Security

A very attractive perk to a home business is no commuting. And then work from any room in your home. No set hours…making your own schedule and determine which hours you want to work.
Thousands of people have business making part-time and even full-time income this way. No sales, no inventory, no limit to the income they can earn with an internet based business.

If you first do your homework, and select a company that is honest, well-respected, and find a business that rewards you generously for your work at home efforts. You can then really make a great living with this type of business. Your are required to usually only need a phone, a computer, and an open mind. Yes, that’s right, an open mind!! Because you will be running your own business, on your own terms, as your own boss, earning your own income. That sounds both scary and exciting! But many people have made this work for them!

Larry Buhrandt is a Certified Travel Agent with TraVerus Travel. He has a passion to travel and a desire to help others succeed in the travel industry. http://daytodaytravel.info

VACATION FOR LE$$…ENJOY LIFE MORE…WHILE EARNING AN AMAZING INCOME!!

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Buying car insurance can be a very big expense on the household budget, especially if you have teenage drivers in the family. Add in the fact that every state has different liability requirements and things can get quite confusing pretty quick. It’s good to know what is required and what everything in a car insurance policy means. So let’s take a quick look at what an auto insurance policy really is.

Liability

This is what protects you in the event you cause an accident and hurt someone else, or damage property. Every state has there own liability requirements. Be sure to check what your individual state requires. Let’s take an example of a policy with a liability limit of 100,000/300,000. The first 100,000 is the limit that the policy will pay for any one persons medical expenses. The next figure, 300,000, is the limit the policy will pay for all medical expenses for anyone in the accident.

It is important to note that liability coverage will not pay for any injuries or damage to your own vehicle.

Property Damage

This is the total amount that your insurance policy will pay for property that you damage if it is determined that you caused the damage. Generally, most policies have $100,000 as a property damage limit. You can increase that if you wish to. With the price of cars and property these days, it may be a good idea to increase that limit up to $250,000.

Comprehensive

This insurance coverage pays for damages done to your car. This includes theft, storm damage, fire and vandalism. This coverage will have a deductible attached. The rate for this insurance coverage goes down as the deductible goes up. This coverage will also be required on any loan you may have on the vehicle.

Collision

Collision coverage will pay you for damages down to your own vehicle in the event an accident is deemed to be your fault. If your vehicle is totaled out in an accident the insurance company will pay you the actual cash value of your vehicle. This could be less in some cases than what your vehicle is worth. Collision coverage is also required by finance companies on any loan against your vehicle.

Uninsured / Underinsured Motorist

Uninsured and underinsured motorist coverage will pay you in the event of an accident that is not your fault and the other party has either no insurance coverage, or not enough insurance. No matter what the law states, there will always be those who refuse to carry insurance. That makes having this insurance coverage vitally important.

Optional Coverages

There are many different optional auto insurance coverages that you can purchase on your auto policy. Some of these include emergency road service and rental car coverage. Both of these services can be a big help to you in the event of a claim.

By understanding the various auto insurance coverages you’ll be able to determine what exactly you need for your particular situation. In the long run this will help save you money and give you peace of mind.

Michael Russell

Your Independent guide to Insurance

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The Mileage Tax Deduction Can Save You a Lot of Money

How often are you driving for work, as a volunteer or perhaps even moving? Would you say that nearly all of your driving is done for one of these reasons? If not, consider, the times you leave the office for business reasons, or if you work from home, leave and return home for business reasons. What about those trips you take if you haul the kids’ baseball team somewhere – or help out at your church?

All of these miles that you drive are deductible for tax purposes. As of July 1, 2008, the standard rate is also increased to $0.585 per mile ($0.19 for volunteer and moving miles). The IRS does require logs of miles to be kept for your records – and in case of an audit. You may find that by keeping logs up-to-date, at the end of the year you will have significantly more miles accounted for deduction purposes than if you are more lax in your record keeping.

The cost of driving a vehicle has skyrocketed in the past few years. Gasoline costs alone carve into business and household budgets in ways you could not have expected in the past. The driving you do to earn a living is a significant cost and Congress has recognized the importance of this deduction as a vital means for people to continue to pursue their incomes.

The tax code requires only that expenses are ordinary and necessary. It is not required that you show that the specific reasons for the expense are also ordinary and necessary – only that the expenses are both. So, for example, if you work from home and will be needing new paper for your printer in the near future, but decide to pick it up while you are out grocery shopping, both the expense for the paper itself, and driving to where you purchase it are deductible – wow!

Since the mileage expense to drive to the office supply store is ordinary and necessary, the mileage is deductible – in spite of the personal purchases you made while shopping. You have just converted an otherwise non-deductible trip to the store into a fully deductible business trip. There are many other opportunities available to you that you may not have thought about to take advantage of this deduction.

The mileage tax deduction, like many others deductions, can be calculated for free at TurboTax Online. The only time you are asked to pay for the service is if you decide to print or efile. Or, if you still have questions, visit Elusen Tax Advisors! Elusen has years of experience planning and advising clients on their tax needs, and helping fend off the IRS however necessary.

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With the real estate market in its current downturn, and the financial sector facing issues of its own, economic woes are echoing throughout the nation. Housing prices have been falling and foreclosures have been increasing; the rate, at which no one may know for certain.

As reported in prior articles the amount of inconsistency between one article’s foreclosure numbers and another’s can be at times vast. Depending on the data provider foreclosures may have increased by 10% while another provider claims a decrease in 2% for the same period. This problem exists because foreclosure reporting is not regulated by the government, and because there is no official reporting agency (even the Mortgage Banker’s Association’s information can be incomplete). It seems as though there are many answers for a single question: “What are the foreclosure figures?

In the past there have been single articles that offer two separate foreclosure numbers with no questioning of the discrepancy.

In addition, online publications and newspapers report skewed or biased information to create a sense of fear, in order to sell more papers or acquire more visitors to their websites. An example of how authors (and at times data providers) skew perceptions is by presenting the data in a way that sounds more dramatic.

Foreclosure rate percentage increases are the most common of these tactics. A headline stating “foreclosures have increased by 200%” may not offer the fact that foreclosures had increased from 10 to 20. Another common strategy used a by a couple of foreclosure listing companies, is presenting the foreclosure statistics compared to total households. Often readers will see “1 out of every 1,000 homeowners facing foreclosure,” when the same data could be used to state that only 0.5% of total homeowners are facing foreclosure.

Presenting the data in a more factual way and eliminating some of the reporter bias in foreclosure news should be more of a focus. Making the public more wary than necessary is not positive for the economy and looks bad upon the publications reporting the misrepresentation of information.

Some companies, such as Foreclosure Research, attempt to bridge the gap between truth and reporting- providing for a more rounded representation of data.

Chris Sopaz

Foreclosure Data

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Bosch is a very well known household name and they have been manufacturing washing machines and other kitchen appliances for years. One planet saving washing machine that is currently a Bosch best seller is the Logixx WAS32466GB model. This particular washing machine has energy and environment saving benefits such as an energy efficiency rating of A, an Express Wash washing programme that reduces the wash time by around 40%, which saves energy as well as time. Like many of Bosch’s washing machines, this particular model has a large capacity drum of 8kg, which means that you can get all your washing done in fewer washes. Fewer washes means less energy used and more time saved. And although his product is rated A for energy efficiency, that is the maximum rating available and this particular model is actually 10% more efficient than most A rated appliances.

If you are sorted for washers, but would like a best selling appliance for an energy efficient dryer, the Exxcel WTE84307GB is a pretty good option if it is particularly a Bosch appliance that you are after. Like the washing machine that I have already mentioned, this Bosch best seller has a large capacity drum of 8kg. Surprisingly though, this appliance only has an energy efficiency rating of B. I say “surprisingly,” but it is actually not that uncommon for dryers to be less energy efficient than washers. One of the energy saving features that this dryer does have is the Sensor Drying programme. This means that no energy is allowed to be wasted on clothes that are already dry.

In terms of cooling, the Jubilee KGH36S20GB is a Bosch best seller because of how efficiently it runs and how much energy it saves. This fridge freezer is rated A+ for energy efficiency. That means that it runs 25% more efficiently than an A rated appliance, which is extremely good to know in light or rising energy bills and the uncertainty we face in terms of credit and finances in the future. One of the main energy saving features with this fridge freezer is the Frost Free feature. This means that the freezer compartment does not build up with ice, which in turn means that the freezer does not need to be defrosted as regularly and runs smoothly and energy efficiently throughout the year. But as well as saving money, this is also a planet saving appliance and produces no harmful CFC and HFCs.

The final Bosch that I am going to tell you about is the Logixx SMS69L02GB dishwasher. Like all of the other appliances that I have written about in this article, this particular model is Energy Saving Recommended by Bosch and is rated A for energy efficiency. This dishwasher uses just ten litres of water on some of its programmes and the ActiveWater technology makes this Bosch best seller one of the most economical dishwashers currently on the market. This particular model also has fourteen place settings on the interior of the dishwasher rather than the standard twelve that comes with most of Bosch’s other dishwashers, so you can get more out of one wash cycle.

Braeg Heneffe has worked in the Kitchen Appliances industry for over 10 years. He runs a website and promotes all major brands.

He specializes in Bosch Best Sellers

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Investing In Apartment Buildings Today

In today’s volatile financial markets the savvy investor needs to look beyond traditional financial vehicles such as stocks and bonds to ensure long term capital growth and security. Ownership of a multi-family apartment building can be a great investment strategy as part of a larger well diversified portfolio. Unfortunately, many novice commercial real estate investors have been deterred from apartment building investment with thoughts of weekends spent painting or even trying to collect past rent from overdue tenants. Nothing could be further from the truth. There are some surprising facts about apartment building investments that will completely change the way you view this unique investment vehicle.

Warren Buffet once famously said that he prefers to invest in a market “when there is blood in the street”. In other words, the investment guru looks for opportunities while others are looking away. Residential real estate markets across the United States are in a tail spin. Foreclosure rates are at record highs in many metropolitan markets.

Nobody knows if there is an end in sight or if more families will be pushed from their homes due to rising mortgage payments and an economic slowdown. Instead of buying into a weak residential housing market while prices are still declining, a strategic investment made in a medium sized apartment building allows the investor to provide much needed housing, to a potential base of millions of displaced people.

Even with a slowing economy and business cutbacks people always will need a place to live. Demand for rental property has never been higher. According to a recent United States census, currently one-third or 36 million of all households in the United States are renter-occupied. In fact, a full 83% of all households under age 25 rent and 55% of households between 25 and 35 are renters. The growing population of senior citizens will also continue to depend on rental housing as a less expensive and less burdensome alternative to home ownership.

In contrast to residential homes, many apartment buildings can be purchased for a price that is well below he replacement cost. This makes older, well run apartment properties more competitive with newly constructed properties that must charge higher rents to cover their mortgage payments. In addition, newly constructed apartment buildings can bring up the value of existing properties and increase the value of your investment.

One of the greatest advantages of an investment in an apartment property is the fact that you will be able to leverage your investment. Even as the sub prime residential mortgage market is crumbling, banks are more than eager to lend money on a good apartment building. Banks will generally lend up to 80% of the purchase price and in some cases will actually allow the existing owner to hold up to 10% of the purchase price in the form of an owner financed second mortgage. This allows the investor to purchase the property for as little as 10% down. Try getting a bank to loan you 80% for the purchase of common stocks.

As with any real estate investment, apartment buildings not withstanding, leverage is one of the primary benefits to ownership. A bank will supply you with 80% of the purchase price on an apartment building. For example, if you purchase an $800,000.00 property with a $600,000.00 mortgage and $200,000.00 cash, and the property increase in value by $24,000.00 after one year, that’s a 3% increase in value but a 12% increase on your $200,000.00 investment.

Don’t forget about cash flow when tallying your potential rates of return on an apartment building investment. Cash flow is simply the money left over each month after you pay your operating expenses and mortgage. You can put that money in an interest bearing account to increase your overall rate of return or make improvements on the property to increase its value.

If you are new to investing in commercial apartment buildings I highly recommend you read my e-course, “Buy Your First Apartment Building E-Course”. This course not only gives you all of the in-depth information that you need to purchase your first apartment building but it also gives you all of the interactive forms that you will need to figure out the cash flow and expenses. This course will actually teach you exactly how to determine if your apartment building will be a profitable investment. You will also get access to the names and phone numbers of 25 banks nationwide who specialize in commercial lending on apartment buildings. Visit http://www.ApartmentBuildingInvestor.com to learn more.

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Entrepreneurs who are looking to start a franchise start out by searching for the “Perfect Business”.

One unlikely source that those considering a franchise should not overlook is Richard Russell’s Dow Theory Letters. “Why” you ask? What does a “Dow Theorist” know about the “Perfect Business”.

Richard Russell began publishing the Dow Theory Letters in 1958, and he has been writing the Letters ever since (in fact, he has never once even skipped a Letter). The Letters, published every three weeks, cover the US stock market, foreign markets, and every thing economic. And, Mr. Russell is highly sought after for his economic commentary.

However, Richard Russell has written one piece that is his most requested article. Funny thing is… it has absolutely nothing to do with the stock market!

Nope, this piece is where he defines “The Perfect Business” . Go figure.

Here are Mr. Russell’s criteria for the “IDEAL BUSINESS”

1. The ideal business sells the world, rather than a single neighborhood or even a single city or state. In other words, it has an unlimited global market (and today this is more important than ever, since world markets have now opened up to an extent unparalleled in my lifetime). By the way, how many times have you seen a retail store that has been doing well for years — then another bigger and better retail store moves nearby, and it’s kaput for the first store.
2. The ideal business offers a product which enjoys an “inelastic” demand. Inelastic refers to a product that people need or desire — almost regardless of price.
3. The ideal business sells a product which cannot be easily substituted or copied. This means that the product is an original or at least it’s something that can be copyrighted or patented.
4. The ideal business has minimal labor requirements (the fewer personnel, the better). Today’s example of this is the much-talked about “virtual corporation.” The virtual corporation may consist of an office with three executives, where literally all manufacturing and services are farmed out to other companies.
5. The ideal business enjoys low overhead. It does not need an expensive location; it does not need large amounts of electricity, advertising, legal advice, high-priced employees, large inventory, etc.
6. The ideal business does not require big cash outlays or major investments in equipment. In other words, it does not tie up your capital (incidentally, one of the major reasons for new-business failure is under-capitalization).
7. The ideal business enjoys cash billings. In other words, it does not tie up your capital with lengthy or complex credit terms.
8. The ideal business is relatively free of all kinds of government and industry regulations and strictures (and if you’re now in your own business, you most definitely know what I mean with this one).
9. The ideal business is portable or easily moveable. This means that you can take your business (and yourself) anywhere you want — Nevada, Florida, Texas, Washington, S. Dakota (none have state income taxes) or hey, maybe even Monte Carlo or Switzerland or the south of France.
10. Here’s a crucial one that’s often overlooked; the ideal business satisfies your intellectual (and often emotional) needs. There’s nothing like being fascinated with what you’re doing. When that happens, you’re not working, you’re having fun.
11. The ideal business leaves you with free time. In other words, it doesn’t require your labor and attention 12, 16 or 18 hours a day (my lawyer wife, who leaves the house at 6:30 AM and comes home at 6:30 PM and often later, has been well aware of this one).
12. Super-important: the ideal business is one in which your income is not limited by your personal output (lawyers and doctors have this problem). No, in the ideal business you can sell 10,000 customers as easily as you sell one (publishing is an example).

Now, the really interesting thing is that in Mr. Russell’s article, he states that “the ideal business doesn’t exist, and probably never will”.

On that point, I think I have to disagree with Mr. Russell There is a business that meets every single one of Mr. Russells’ requirements of the “Perfect Business”

1. Clients in the US, Canada, Great Britain, New Zealand, Australia, South Africa, Europe, Japan and India. OK, I’ll admit that’s not the WHOLE world, but it definitely would meet most folk’s idea of a Global Business
2. Products are marketing training and financial education. Pretty much demand there.
3. Products were created by Mr. Kip Herriage, a Wall Street Prodigy who became a VP at one of the the World’s 5 Investment firms at age 28 . This company offers a uniq combination of Estate Planning, Debt Reduction, Tax Strategies, and Investment Knowledge. There is not another, single, product like this in the business. So that about covers Mr. Russells’ #3.
4. This business requires a grand total of ONE employee. Oh yeah, some folks do choose to have a virtual assistant, and outsource various jobs.
5. The “location” is usually your home. So, this means you actually get to take a percentage of your household electricity as a tax deduction! No extra expense there. The virtual assistant costs a whopping $4/hr, and there is absolutey no inventory involved. All orders are direct shipped from the corporate office.
6. Equipment consists of one or two computers and a cell phone. OK, the laptop can be a bit pricey, if you chose to opt for a beautiful 17″ macbook pro.
7. All terms of this business are via credit card or wire transfer. Payment for product purchases are usually the same day as the sale. Can’t get much quicker than that.
8. Of course, you do have to pay taxes. But, other than taxes, there are no government forms to file, or regulations to follow.
9. Sales can be made from home, while in Budapest at a conference, and while on vacations in Oregon and Sedona, or anywhere that has internet connectivity. All from a laptop. All quite portable.
10. The only problem with this type of business is that sometimes it’s too engaging. Marketing can become an “addiction”, so sometimes it’s actually difficult to turn off and enjoy the freedom provided by this type of business.
11. Other than your mind constantly being flooded with marketing ideas, this business can be done in 3-4 hours a day.
12. And, finally, even though this business is Direct Sales, it also offers leverage on several different fronts. For one thing, it is Internet based, so your websites, and ads driving traffic to your websites, can be producing revenue simultaneously. Plus, this business provides have the ability to build a team – and make up to 40% of your team sales. Quite nice.

Now it’s your turn to have a say in this. Could Richard Russell, the “Dow Theorist”, actually be WRONG on this one?

You can visit Richard Russell’s original article by visiting: Dow Theory Letters

Mari Ann Lisenbe is a former corporate software designer who now owns the “Perfect Business” — from her country home near Houston, TX. She is also a recognized leader in the world of web2.0 attraction marketing. Mari Ann would like to thank her former employer, Hewitt Associates, for outsourcing her job in 2003, which lead to her discovery of Entrepreneurship, Direct Sales, and the “Perfect Business”.

You can check-out Mari Ann’s “Perfect Business” by visiting: http://www.YourIncomeReplacement.com

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Stop flushing your hard earned money. Here’s simple little tip for saving household expenses. I’m almost embarrassed to say it, but here goes. Do your laundry right!

It takes well over forty gallons of hot water to do an average large load of laundry in a typical home machine. This a money wasting problem for most people. Research shows that the majority of people do not use the proper settings on their washers for the size load they are washing. If you think that by filling the washer half full of cloths and then using the large cycle setting, that the extra hot water will help pull the dirt out of your clothes and rinse it away, you’re wrong. For your washer to operate well and for your cloths to come clean they need adequate agitation. They need to be rubbing and bumping aggressively against each other. Think about how your great great grandmother did it in the wash tub with the wash-board. Your clothes need to be in consistent contact with one another to get clean, otherwise you’re wasting your utility dollars by just letting them relax a while in the hot tub.

In addition, with today’s laundry detergents, you can use much colder water than you could have only a few years ago. So don’t pay good money to heat up a bunch of water just to have it go on a trip through your pipes and down your drain.

Here’s what to remember. When you wash, the water should just cover the clothes placed in the tub. You only really need hot water when you are doing whites. Chances are that you are doing medium loads in the large load setting. If so, you’re just wasting money. Why not save a little here and there and add it into your retirement fund, education for the kids, or your emergency fund in case something happens. Saving money here is simple now that you know the truth. Use the correct load setting for the amount of clothes and only use all hot when doing whites. I’ll bet that if you experiment a little, you’ll be amazed to see that you really can get more clothes just as clean while saving some of your hard earned money.

And that’s not all! If you think you waste money in the old clothes washer, take a look at the water monster you know as a dish washer. This little beauty can use 30 to 60 gallons of heated water, depending on your make and model. Sure it is convenient, but do yourself a favor and at least only do full loads. It is estimated that over 60% of the loads of dishes washed are only partial loads. What a waste. Load that baby up in order to stretch your dish-washing dollar. For most of us we can shave off a dollar or two here and five or ten dollars there by just being smarter in the way we use our appliances. Make these easy changes and you’ll maintain your lifestyle with zero added sacrifices, and still save money. Give it some thought.

If this seems too petty and too little a deal for you to worry about, fine. I’m happy for you. You apparently have money to flush down the drain since that is exactly what you are doing. If wasting money by using your appliances poorly does not completely satisfy your need to squander your cash, I’d be happy to help by providing my address. You are welcome to send away all the other dollars that just aren’t important enough for you to think about or deal with frugally. I promise to give them a good home.

All these little things add up in a big way. Good luck.

Roger Beattie and his programs have appeared in many major publications including Forbes Magazine, Money Magazine and The New York Times. He is an active Certified Financial Planner and accomplished real estate investor and writer. He believes in a common sense and realistic approach to achieving financial security and developing personal and family wealth. He hosts a unique web site with free online financial planning and wealth development tools that focuses on practical and proven methodology and systems rather than the financial fads of the day. See what he has to say at http://www.ForgetRich.com

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