3 Credit Tips That Will Save You Hundreds Each Year

While extremely convenient, credit cards can be a very costly consumer product. Most people don’t realize just how expensive carrying around a credit card in your wallet can be. Each year many big spending credit card consumers can throw hundreds or even thousands of dollars out the window using credit cards. Even if you’re not a big credit card spender, almost anyone can save hundreds of dollars each year with these 3 credit card tips.

Never Pay the Minimum Payment

Your credit card company usually makes sure you know that there is a minimum payment. Even if you owe thousands of dollars, your minimum payment can seem extremely low, sometimes only 3% of your total balance. However, what the credit card companies don’t tell you is that if you have a large balance and only pay the minimum payment for the next few years you will cost yourself possibly thousands of dollars in interest costs alone. In fact, that purchase at the record store for $50 over time will double. To avoid paying interest only and never touching the principle make sure you always pay more than just the minimum payment.

Transfer Your Balance to a Lower Interest Credit Card

Most Americans receive several credit card offers each month and most have some very enticing interest rate offers. For instance, many credit card offers will transfer your existing high interest rate credit card for free to the new card and allow you either zero percent interest for 6 months or a very low interest rate for a specific period of time. If you have a high balance in which you pay hundreds of dollars each year on interest payments, in many cases it is in your best interest to accept these offers and enjoy zero or low interest for the next 6 months to a year.

Use a Debit Card Instead of a Credit Card

It’s no surprise that many times we use credit cards out of habit. But why use something that is so expensive when we don’t need to. We can easily pay for that meal or fill up our car with gas with our debit card and not pay any interest. Debit cards are just as convenient as credit cards and usually accepted everywhere credit is as well. Use your debit card to avoid high interest fees in the long run and you can literally save hundreds in interest fees each year.

Ways on How to Secure Passive Income Streams

The idea of passive income streams doesn’t only sound fantastic but also very tempting. Who will not be taken by its glitters when in fact it promises you with a whole new spectrum of earning cash in an effortless manner? After all, this is an opportunity that is likened to a bank account. You do nothing but your savings earn the interest rates.

Regular Job vs. Passive Income Opportunities

A large percentage of the world’s population derives their income by fulfilling a standard 8 to 9 hours of routine work. The catch in here is that you get paid for the effort and time that you devote. The less productive you become and the lesser accomplishment that you turn in, the more meager your wage will be. Talk about a full time day job! On the other hand, an opportunity that lets you generate a passive income is one that is considered as high-end. You earn your money whether you tend to your work or not. This allows you plenty of freedom when it comes to time management. All you have to do is to fulfill the task for one time and the money starts rolling in.

Types of Passive Income

To give you a better view of passive income continuity, it will be wise to familiarize yourself with its categories.

Residual Income. It is the type of revenue that generates over time which roots from a task that has been fulfilled for one time. The concrete examples of those who earn it are the following:

1. The insurance agent who earns a hefty yearly commission whenever his clients renew their policies

2. The direct sales representative or marketing salesperson who gets an income whenever the regular customers reorder the products on a monthly basis

3. An aerobics teacher who comes up with an instructional video and sells it at his contact gyms

4. A person who creates e-books on pertinent topics and sells it online

5. A photographer who keeps his shots in a clearinghouse and receives a royalty when a customer purchases any of them

6. A retail or restaurateur who simply allows an efficient manager to run the business

The above given examples are some of the entrepreneurs who get a stream of income passively. They show no direct involvement in the actual selling but they do enjoy the financial benefits.

Leveraged Income. This is earned by means of employing other individuals who will create the stream of income for you. Here are a few pertinent samples.

1. The e-book author who sells the manuscript through the affiliates who work on the product promotion

2. The network marketer who establishes some “downline” and reaps his commissions on the sales which have been furnished by the people in his network

3. The principal contractor who receives the profit margin based on the accomplishment of the sub-contractors

4. A major business owner who allows other entrepreneurs to get a franchise

Where do you fit in? Choose your own field and enjoy the passive income streams that will secure your future financially.

About the Author:

Marie Castell is a free lance writer and editor who loves to educate people in many different topics such as self improvement ideas, passive income streams and many others. She writes for different websites on various topics. She also writes for free online education websites. She encourages 21st century education and online education to succeed in the 21st century and onwards.

Finding The Millionaire In You: On Jamie Mcintyre

Rarely will you meet a person who has found his passion and continue to work at it. For some, finding one’s passion is a waste of time and more waste of money. Rarer still is finding a man who has found his passion, work at it, share it, and most importantly be financially successful in his pursuit. Self-made millionaires have the elements of the pursuit for passion and financial freedom. While finding one is difficult, such a concept of a man continues to be an inspiration for people who seek financial success.

However, Jamie McIntyre continues to be the embodiment and inspiration for success-oriented people. Certainly, a young man in all standards of the term, success has followed him wherever he goes. Yet this success emanates from him not because of his sense of self worth, but because of his discernment to share his knowledge and make a difference.

From the bottom rung of the financial pyramid, Jamie McIntyre made his vision known. All self-made millionaires can describe his direction towards success and this direction is driven by purposive goals. Therefore, when Jamie told himself that he wanted to be a self-made millionaire one day, he had his goal in the clear despite the tremendous odds of achieving it. Jamie McIntyre aimed high and reached high.

As a successful entrepreneur Jamie first realized that in order to get to the top, a different approach is required. His focus shifted from the ordinary to the most opportunistic situations. With the different challenges he faced, he learned that changing his mindset would help him climb the hill faster. Self-made millionaires find opportunities in doubts and optimism in hesitations. Jamie McIntyre definitely applied the best financial strategies to reach his goals.

As a student of 21st century education, he knew that the shift in mindset is not trivially easy. While Jamie knew he had the talent and skills to be successful, he also knows that his Rome will not be built in a day. The desire to get ahead and to improve gave him the initiative to learn under the most successful self-made millionaires in the world. He can proudly say that he is a student of Robert Kiyosaki (Rich Dad, Poor Dad), Jay Abrahams (Fortune 500 Marketing Consultant), Paul Zane Piltzer (Unlimited Wealth), Anthony Robbins (Unlimited Power), and General Norman Schwarzcopft (Desert Storm). Under these leaders, Jamie shaped himself and developed the concept of 21st Century Education.

At his apex of his success, Jamie McIntyre developed a new passion to share what he learned and make a difference in the lives of other people. Thus, when he built his multi-million dollar educational organisation, Jamie transferred his success to people who are also hoping to find the right fit of success for them. Jamie continued to travel all around the world and in Australia to conduct seminars and training session on creating the best possible quality of life, reaching one’s potential, financial achievement and financial freedom, and making an a lasting impact.

From being a successful entrepreneur, Jamie is now a rising educator. His teaching content has been considered one of the most relevant materials that this century needs. His persistence on dynamic learning transcends what college students learn in the four walls of their classroom. His highly effective program has been recognized to fit people of all ages and from all financial backgrounds. Therefore, Jamie McIntyre is our life coach.

Jamie McIntyre indeed should be a part of our list of people that inspires. He constantly communicates that if he can do it, so can we! By putting into heart what he has to say, we can follow his lead in no time.

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