Four Tips to Start Saving More Money Now
By Pamela Yellen,
Author of Bank on Yourself: The Life-Changing Secret to Protecting Your Financial Future
Building your savings -- not an easy task in the best of times -- has become even more of a challenge. While women typically earn less than men in most occupations, the good news is that women's jobs have mainly held up during the recession. Women have a 20% lower unemployment rate than men, according to a just-released report from the U.S. Department of Labor. And there's the fact that women live longer and rely on Social Security more than men do, and the already-troubled trust fund will pay out more than it receives this year. So how do you build a bigger nest egg when times are tough? Following these four tips will help you take back control of your finances and "bank on yourself." Be forewarned, however: this isn't the same old advice you've heard many times before. If the conventional ways of saving and investing were really working, wouldn't we alreadyhavefinancial security, in good timesandbad? Saving Tip #1: Know the Difference between "Saving" and "Investing" Wall Street and the financial planning industry have led us to believe that "saving" and "investing" are the same thing. However, they are not. The money you have insavingsis money you don't want (or can't afford) to lose. Money youinvestis subject to loss. Most people today "invest to save," and as a result, have no idea what their nest egg will be worth when they plan to tap into it. This isnota financial "plan," which the Merriam Webster dictionary defines as "a means ofaccomplishingsomething." It'sgambling. And it has led to a nation of Americans wondering if they'lleverbe able to retire, and what they'll have to give up in order to do that. The typical equity mutual fund investor has actually been losing one percent per year for the past 20 years, after adjusting for inflation, according to the research firm, DALBAR. Don't put money you can't afford to lose into stocks, real estate or other traditional investments.Beforeinvesting, ask yourself if your money didn't grow for 20 or more years, or even went backwards, could you live with that? Saving Tip #2: You Don't have to Pay Down Debt before Increasing Your Savings Often people think they must pay down their credit card balances and other debt, before they can increase the amount they save. But that's not necessarily true. Case in point: A woman in her fifties who was paying $600 to $800 a month more than the minimum payment due on her credit cards. She discovered that by cutting back to the minimum payment and putting the difference into a guaranteed savings vehicle, she could have a nest egg worth around $50,000morewhen she retires at sixty-five. I call this the "better than debt-free" way of managing your money. Saving Tip #3: Look Beyond the Traditional Saving and Investing Methods Consider proven and time-tested ways to grow a substantial nest egg -- withoutthe risk or volatility of stocks, mutual funds, real estate, and other investments. For example, there is an asset class that has increased in value duringeverystock market decline andeveryperiod of economic boom and bust for more than a century. That asset is dividend-paying whole life insurance. A dividend-paying whole life policy grows by a guaranteed and pre-set amount every year. In addition,the growth is exponential, meaning it gets better (more efficient) every single year you have the policy, simply because you stick with it. This gives you some protection against inflation and provides peak growth at the time you need it most (retirement). Andnoluck, skill, or guesswork is required to make that happen. Furthermore, there are options that can be added to the policy whichturbo-chargethe growth of your equity ("cash value") in the policy. When your policy is structured properly, you can use it as a powerful financial management tool from day one. Once credited to your policy, both your guaranteed annual increase, plus any dividends you may receive, arelocked in. They don't vanish due to a market correction. These policies also give you peace of mind for retirement planning, because you'll know the minimum guaranteed income you could take in retirement, and for how long you could take it.
Saving Tip #4: Saving Doesn't Have to Mean Sacrificing When you save up money in the kind of specially designed dividend-paying whole life policy I just described, you can borrow your equity in the policy and use it to make needed major purchases, and your policy could continue to grow as though you never touched a dime of it! (Not all companies offer this feature or type of policy.) One couple profiled in my book hadn't taken a vacation since their honeymoon eight years earlier. They couldn't justify taking a vacation because they "felt those funds should be saved." And they hated the idea of putting it on a credit card and then having to pay all that interest. Instead, they borrowed the money from their policy for a one-week vacation at a resort on the Mexican Riviera. They set up a schedule to pay back the loan to their policy over one year, and were thrilled, because "now we'll be able to take a nice vacationeveryyear from now on with those same dollars. The key words areno guilt, because this is a responsible way to do good things for yourself that you wouldn't normally do." There are many myths and misinformation about this powerful financial tool, and no shortage of experts who will tell you to avoid whole life insurance. That's why I created the $100,000 Challenge. It lets you test your knowledge of the facts about dividend-paying whole life. And a $100,000 cash reward awaits the first person who has a different product or strategy that can match or beat a properly structured dividend-paying whole life policy.
Author Bio
Financial security expert, Pamela Yellen, is author of the best-selling book, Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future. For more information, visit:www.BankOnYourself.com and to take the $100,000 Challenge, visit:www.BankOnYourself.com/challenge.
We aren't gourmet cooks at this house. We have two adults who work full time and three kids who eat, well, like kids. They don't want fancy sauces, exotic ingredients or heavy spices. The slow cooker has long been a work horse in my kitchen so I grabbed Fix-It and Forget-It Cookbook: 700 Great Slow Cooker Recipes (Fix-It and Forget-It Series) when FSB Media offered complimentary review copies.
Generally speaking, my family has been blessed with enough money for necessities but not enough for the fancy luxuries. This summer (and last summer too) that changed for a short time. I've been able to afford a full time household staff to clean, cook and do yard work. No, no neither my boss nor my husband's handed out big raises; rather, my teenagers got out of school and had plenty of free time on their hands. As a mother, it is my duty to fill that time. As would be expected for what I'm paying them (well, I guess if you add up everything they are costing me, they are a very expensive household staff, but the fact of the matter is, the law says I have to feed them, so I might as well get some work out of them), the quality of the work may not always be to professional standards, but they are getting better.
I'm really pushing cooking this summer (they had major cleaning lessons last summer) which brings me back to this book I'm reviewing. It is filled with recipes that my kids will eat and that my teens can cook.
Isn't my daughter cute? Well, shortly after this book showed up at my door, I looked in the refrigerator and noted that we had pork chops that needed to be eaten. I checked Fix-It and Forget-It Cookbook: 700 Great Slow Cooker Recipes (Fix-It and Forget-It Series) for pork chop recipes and found quite a few. After examining what was in my pantry and considering what the crew would eat, I told my daughter what she was making for supper. She found the directions easy to follow (well, she said she followed them, but I wasn't home so I don't know if she did, or just said she did, but this book is dead simple and she's a bright kid) and the pork chops were good--tender and not dry but cooked through. The recipe called for adding mushroom soup and rice to the crockpot, along with the pork chops. When I got home and looked at the crock pot, it looked more like soup than a casserole. I added a cup of minute rice a absorb the excess liquid and the end result was a tasty side dish. In short, if she followed the directions, this recipe need either less liquid or more rice.
Here is the other member of my household staff, in his preferred habitat. When he was told to peruse Fix-It and Forget-It Cookbook: 700 Great Slow Cooker Recipes (Fix-It and Forget-It Series) for something to do with boneless skinless chicken breasts, and to go to the store for anything he needed that wasn't in the pantry, he first complained "This says it takes six to seven hours to cook stuff" as if he'd have to attend to it for those hours (which would interfere with his computer time), I told him to read the recipe and follow the directions--and to note the title of the book. He decided on Teriyaki Chicken (might have had something to do with the bottle of teriyaki sauce in the refrigerator). The recipe called for putting the sauce, the chicken and a can of pineapple in the slow cooker and cooking. Since he didn't like pineapple (and there was none in the pantry), he skipped it. In the end, the chicken was tasty, but a bit dry. I don't know if adding the pineapple would have helped, or not, but since I like pineapple, if I make it, I'm going to use it.
The recipes are for real people, not gourmet cooks. They use ingredients like cream of mushroom soup, onion soup mix, packaged seasonings and bouillon cubes. Some seem repetitive, but most seem to be things families with kids would eat and they seem easy enough to get into the crockpot and onto the table. I foresee my household staff becoming very familiar with this book by summer's end.
Thanks again to the folks at FSB Media for my review copy. To get a flavor for the recipes offered, check out the author's web site.
It is time for a FIRST Wild Card Tour book review! If you wish to join the FIRST blog alliance, just click the button. We are a group of reviewers who tour Christian books. A Wild Card post includes a brief bio of the author and a full chapter from each book toured. The reason it is called a FIRST Wild Card Tour is that you never know if the book will be fiction, non~fiction, for young, or for old...or for somewhere in between! Enjoy your free peek into the book!
You never know when I might play a wild card on you!
***Special thanks to Karri James of Harvest House Publishers for sending me a review copy.***
ABOUT THE AUTHOR:
Kaye Dacus, author of Ransome’s Honor has a Bachelor of Arts in English, with a minor in history, and a Master of Arts in Writing Popular Fiction. Her love of the Regency era started with Jane Austen. Her passion for literature and for history come together to shape her creative, well-researched, and engaging writing.
Publisher: Harvest House Publishers (June 1, 2010)
Language: English
ISBN-10: 0736927549
ISBN-13: 978-0736927543
AND NOW...THE FIRST CHAPTER:
Portsmouth, England
August 17, 1814
Ned Cochrane, first lieutenant, HMS Alexandra, stepped out of the jolly boat onto the stone dock and glanced around at the early morning bustle of the dockyard crew. Only nine days remained to fill the crew roster and fit out the ship with the supplies needed for the first leg of a transatlantic voyage. With yesterday lost in celebrating Captain—no, Commodore Ransome’s wedding—and since the commodore’s attention would be necessarily split between distractions on land and his duties to his ship, Ned would shoulder the burden of preparing the ship and crew.
“Sir, look out! Lieutenant Cochrane!”
Ned spun—and fell back just in time to save himself from being swept off the quay by a net full of barrels swinging at the end of a crane. His hat wasn’t so fortunate.
The cargo swayed menacingly overhead. Ned scrambled backward, out of harm’s way. Once clear, he leapt to his feet. “You, there! Watch what you’re about. Secure that crane,” he yelled at the negligent dock crew.
“Are you all right, sir?”
The voice—an odd timbre in the chorus of tenor, baritone, and bass tones usually heard in the dockyard—matched the one which had called the warning. He turned.
A young man, not really more than a boy in a worn, ill-fitting midshipman’s uniform, stood holding Ned’s dripping hat. Sure enough, the lad’s right sleeve was wet to the shoulder.
“Nothing injured but my pride.” Ned took his hat and studied the midshipman. The boy’s tall, round hat concealed most of his dark hair, but…Ned squinted against the bright glare of the sun off the water and surrounding gray stone. “Do I know you, lad?”
The boy touched the brim of the shabby hat. “Charles Lott, sir. We spoke last week. You said there might be a place for me aboard your ship.”
“Ah, yes.” Ned now recalled meeting the midshipman, who’d answered Ned’s questions when the boy had first approached him about a position aboard Alexandra last week, even the question Ned had missed the first time he’d stood for his lieutenancy examination. “I’m sorry, but we have filled the positions on Alexandra.”
Shocked disappointment filled the boy’s elfin face.
“However, I have recommended you to the captain of Audacious.” Ned struggled to keep the smile from his face.
“Audacious? Captain Yates, then?”
Ned sighed. He liked Commodore Ransome’s friend extraordinarily and had looked forward to the fun to be had on Jamaica station with two such commanders. “Alas, I am afraid to say Captain Yates has resigned his commission. Captain Parker is taking command of Audacious.” Ned glanced around the quay. “There is his first officer. Come, I shall introduce you.”
“Thank you, sir.” Midshipman Lott straightened the white collar and cuffs of his too-large coat.
Ned caught his counterpart’s attention and met him near the steps to the upper rampart. He made the introduction and stood back as the first lieutenant of Audacious, Montgomery Howe, put a series of questions to the lad. Lott answered each quickly and with near textbook precision.
“Well done, Mr. Lott. You are ordered to present yourself day after tomorrow to begin your official duties.”
The boy’s face paled. “Sir, may I have until next Thursday?”
“The day before we sail?” Howe crossed his arms and glared at Ned and then at Lott.
Ned ground his teeth at the boy’s impertinence, which was casting him—Ned—in a bad light. He’d recommended the lad, after all.
“Yes, sir. I am aware it is an inconvenience, but my mother is a widow, and I must see that she is settled—that our business affairs are settled—before I could leave on such a long journey.”
“And it will take a sennight?” Ned asked.
“We live in the north part of the country, sir. ’Tis a three days’ journey by post, sir.” Lott spoke to the cobblestones below his feet.
Aye, well should he be ashamed to make such a request…though many years ago, a newly made captain had let a newly made lieutenant have four days to see to his own widowed mother and sister.
Apparently, from the expression that flickered across Howe’s face, he had also received a similar mercy some time earlier in his career. “Very well, then. You are to present yourself to me on deck of Audacious no later than seven bells in the morning watch Thursday next. If you are late, your spot will be given to someone else. Understand?”
“Aye, sir!” Lott touched the brim of his hat again. “Thank you, sir.”
“Dismissed—oh, and Mr. Lott?”
The boy, a few paces away already, halted and turned, at attention again. “Aye, sir?”
“Make yourself more presentable by next week if you can. You can find plenty of secondhand uniforms available in the shops in much better condition than yours. And get a haircut. I do not allow midshipmen to tuck their hair under their collars.”
Lott’s hand flew to the back of his neck, eyes wide. “Aye, aye, sir.”
“Dismissed.”
Ned moved to stand beside Howe as the boy ran down the quay. “Sorry for the inconvenience, Monty, but I have a feeling that boy will do well by you.”
“I’ve never heard a lad recite the answers so perfectly. He’s slight. Says he’s fifteen? Can’t be more than thirteen or fourteen.”
“Some boys don’t mature as quickly as others. You should remember that quite well.” Ned bumped his shoulder against his former berth mate’s.
Howe shoved him back. “Just because you gained height and a deeper voice before I did doesn’t mean you matured faster, Ned. In fact, you could probably learn manners in decorum and respect from little Charlie Lott.”
Ned guffawed and bade his friend farewell. He wasn’t certain if he could learn anything from the young midshipman, but he would certainly look out for him and do whatever he could to promote the boy’s interest. He had the feeling Charles Lott would make a good officer some day.
Charlotte Ransome dived behind a large shrub and held her breath. Footsteps crunched on the gravel garden path, coming toward her closer and closer.
Had he seen her?
Keep walking. Please, Lord, let him keep walking.
When he reached her shrub, Charlotte squeezed her eyes shut, fearful of blinking. If the gardener had seen and recognized her, he would report her to the Yateses, who would in turn report her to her mother and brother—and all would be lost.
A gust of wind rustled the verdure around her. Her heart thundered against her ribs, and she feared she might be sick.
But the gardener did not stop. Long after his footsteps faded, Charlotte kept to her hiding place. Quiet descended until only the noise of the streets and alleys beyond the garden walls filtered in around the enclosure behind the enormous townhouse.
Peeking around the shrub, she found the path clear once again.
Sneaking into the garden through the servants’ entrance in the rear had proven risky but successful. She hadn’t been sure she’d avoid being spotted by any of the servants, busy with their early morning duties, but Providence appeared to be with her.
She cautiously made her way across the garden to the back of the house. She peeked through the window of Collin Yates’s study and, finding it empty, slipped inside, relieved no one had discovered that she’d left it unlocked when she sneaked out of the house near dawn. She stuck her head out into the hallway, and, hearing no movement, made her way upstairs as quietly as she could. She paused on the landing and looked around the corner, down the hallway on which all of the bedrooms opened. No stirrings, no sounds. Heart pounding wildly and trying to keep her feet from touching the floor, she made her way along the thick carpet to the bedroom at the end of the hall and slipped inside, pushing the door closed with a soft click.
Movement across the room caught her eye. Turning to face the intruder, she found herself looking at a bedraggled boy in an oversized coat and britches, a tall, round hat jammed on his head almost down to his eyes.
She laughed, and the bedraggled midshipman in the mirror did likewise. Yes, her disguise was convincing enough to startle even herself. With a sigh she unbuttoned the coat and pulled it off, dropping it to the floor. When Lieutenant Cochrane had looked at her with recognition in his gray eyes, she was certain her entire plan would crash like a ship against a rocky shore. She sent up a quick prayer of thanks that he hadn’t connected her appearance as Charles Lott with her true identity.
Sinking into the chair at the dressing table, she yanked off the hat and pulled her long thick hair out from under the high collar of the uniform coat. She’d tried pinning it flat to her head, but the cumbersome length of it—past her waist when unbound—created too much bulk for even the oversized hat to conceal.
The small porcelain clock on the mantel chimed once. Half-past eight. Panic once again rising, Charlotte peeled out of the uniform—picked up for mere pennies the first time she’d been able to sneak away from her mother’s and Mrs. Yates’s chaperonage a few days ago—stuffed it in the bottom of her trunk, threw her sleeping gown over her head, and jumped into the bed, still trying to find the sleeves with her hands as the bedroom door swung quietly open.
At the thump of the water pitcher on the commode, Charlotte sat up as if awakened by the sound.
Her maid curtsied. “Good morning, miss. I brought you fresh water for washing.”
“Thank you.” Charlotte grabbed her dressing gown from the end of the bed and shrugged into it, and then she stepped behind the screen in the corner. The scent of lilacs drifted up from the warm water as she poured it into the porcelain basin in the top of the exquisite dark-wood cabinet.
After running most of the way back from the dockyard, the wet cloth felt good against her skin, especially on her neck and back where her thick braid had been pressed against her by her uniform coat.
With the maid’s assistance, she soon stood before the mirror where Midshipman Charles Lott had been reflected less than an hour ago, now looking upon a fashionable young lady. Fear that she wouldn’t be able to pull off her plan swirled in her stomach, but she pushed it aside.
“The irons are ready, miss.”
Charlotte sat at the dressing table, sipped the coffee which had been delivered while she dressed, and reviewed her plans for the next eight days as the maid twisted and twirled and pinned her hair.
Anticipation, anxiety, and excitement danced within her veins. In just over a week, she would leave Portsmouth on a grand adventure. A grand adventure that would culminate in arriving in Jamaica, being reunited with Henry Winchester, and marrying him.
“Your new rank suits you, Commodore Ransome.”
William met Julia’s green eyes in the mirror’s reflection. Sitting in the middle of the bed in her white sleeping gown, her coppery hair cascading in riotous curls around her shoulders and back, she looked as young as when he’d made the gut-wrenching decision to walk away from her twelve years ago.
Now she was his wife. His knees quaked at the thought.
He returned to the examination of his new uniform coat, delivered from the tailor just this morning. “I am indebted to your father for arranging the promotion. There are many officers more deserving. All will say I received special favor because I am now his son-in-law.”
“As you should know by now,” Julia said, climbing off the bed and crossing to her dressing table, “my father does nothing unless he thinks it best for the Royal Navy.” Drawing her hairbrush through her fountain of hair, she ambled across the colorful carpet toward him. “He secured your promotion before he knew of our engagement, so that did not have any bearing on his decision.” She pulled the mass of her hair over her left shoulder and continued pulling the soft bristles of the brush through it. “And when have you ever worried about rumors going around about your being favored by my father?” A mischievous grin quirked the corners of her full lips. “Isn’t worrying about rumors and gossip what got us here in the first place?”
The fact she’d forgiven him, that she could now joke about the past, both thrilled and humbled him. He did not deserve her.
She set the brush down and came to stand behind him, looking around him at the reflection. She ran her hand along his sleeve to the braid-laden cuff. His arm tingled in reaction. He did not want to respond to her like this—every time she spoke, moved, breathed, he lost track of everything but her. He had to conquer it; otherwise, her presence aboard ship would be detrimental to his command.
A knock on the door roused both of them. The maid Lady Dalrymple had assigned to Julia entered on Julia’s entreaty.
“I will leave you.” William inclined his head and made for the door, and then he stopped as soon as he reached it. He turned and smiled at her. “Do not be long.”
“I will join you for breakfast shortly.”
He stood in the hallway a few moments after the door closed, separating him from Julia for the first time since their wedding yesterday morning. Pleasure and regret battled within him. Marrying Julia Witherington had, in less than twenty-four hours, brought him more joy than he could ever have dreamed or deserved. Yet when he thought of his duty, of his commitment to the Royal Navy, to king and country, he couldn’t help but fear he’d made his life more difficult by marrying at such a time.
The east wing of the manor house at Brampton Park, home to Lady Dalrymple, rang with emptiness. While William appreciated the privacy afforded them by the dowager viscountess’s invitation to stay in the unused section for their wedding night—with hints she would like them to stay even longer—the grandeur of it made his skin crawl, and he could not wait until he could deposit Julia at her father’s house and return to his ship.
After two wrong turns, he managed to find the small breakfast room, unused for nearly a century according to Lady Dalrymple, since the new wing and the much larger dining room had been completed.
The small room, paneled with dark wood, set him somewhat more at ease. By ignoring the narrow, tall windows, he could almost imagine himself aboard a ship in this room.
He paced, waiting for Julia, pondering how he could recover his good sense around her. When she entered the room a little while later—queenly in a purple dress, her hair the only crown she would ever need—he realized the only way he would be able to regain control of his mind would be to limit his contact with her.
Trying not to watch her serve eggs, sausage, and toast onto her plate, nor admire the curve of her neck above the lace set into the neck of her gown, William piled food onto his own plate, held Julia’s chair for her, and then took his place at the head of the small table.
“I must return to my ship today.”
Julia stirred sugar into her coffee. “Of course. I knew you would need to spend your days preparing Alexandra for the voyage.”
He cleared his throat of the bite of egg that wished to lodge there. “What I mean is that I must return to reside aboard my ship.”
Julia’s spoon clanked against her cup. Her face paled, and the light which had danced in her eyes all morning vanished.
William’s innards clenched. Perhaps he should have eased into the idea instead of blurting it out. He blamed it on her. He could not think clearly in her presence.
“Have…have you received word from your crew that there is trouble?” Her voice quavered.
“No. It is nothing like that.” Unable to stop himself, he reached across the corner of the table and took her hand in his. “My duty is to my ship, to my crew. I am needed there. Here, my attentions and loyalty are divided.”
For a brief moment, Julia’s chin quivered. But she pressed her lips together and drew in a deep breath. “I understand. And I have no desire to draw you away from your duties. I have already created too much inconvenience and upheaval in your life. I do not wish to generate more. However, I have promised Lady Dalrymple we would join her tonight for her dinner and card party as her honored guests. If we were to abdicate from her hospitality today, how would that reflect on her?”
Though well masked, the pain in Julia’s expression made William want to retract his words, to promise her he would stay here with her the remainder of the time they had in England. Any other woman would have been offended by his blundering, unreasonable demand. Julia apologized for inconveniencing him.
He raised her hand and kissed the back of it. “Aye. We will stay one more night.” Then, giving in to impulse, he leaned over, cupped that quivering chin, and claimed her lips in a searing kiss. “And I will not have you thinking yourself an inconvenience to me.”
His action resulted in the desired effect—the spark rekindled in her green eyes. She ran her finger along his jaw. “You lie too well, Commodore Ransome.”
“You start off our marriage ill, Mrs. Ransome, if you believe I would ever lie to you.” He squeezed her hand and then tucked in to his breakfast.
“Conceal the hard truth, then,” she said, cocking her head and sending the spiral curls at her temples dancing, “for the last few days have not been a convenience to you.”
“An upheaval, certainly.” He feigned a close interest in the piece of sausage speared on his fork. “However, any inconvenience I have suffered has been more than adequately recompensed not just by gaining a wife, but by finally receiving the complete approbation of my admiral.”
Julia’s gasp preceded a gale of laughter.
A surge of contentment washed away the morning’s anxieties. Perhaps being married would not interfere with his duty to the navy as severely as he’d feared.
My Review: This is a fun romance novel with little realism. Much of the book has little religion in it, but we do accompany the characters to prayer services at times--in other words, if Christian isn't your thing but clean romances, even if unrealistic, are, you could skim over a few pages here or there and not really miss the story.
. Before I write my review, I thought I'd share this article with you and ask for your opinion about the advice offered.
We aren't gourmet cooks at this house. We have two adults who work full time and three kids who eat, well, like kids. They don't want fancy sauces, exotic ingredients or heavy spices. The slow cooker has long been a work horse in my kitchen so I grabbed 
when FSB Media offered complimentary review copies. 
