It’s a new year and, for many people, this means it’s time for some new beginnings. They see the opportunity for a fresh start and the chance to better their lots in life. It’s also a time of great self-reflection. With that in mind, let’s dive into this week’s speedlink.
One of the most common new year’s resolutions has to do with paying down debt, but as Trent Hamm points out, it doesn’t matter how much you make. You can have severe money problems with a $250,000 household income too if you still have bad spending and saving habits. “The solutions don’t change, just the dollar amounts.”
Spend less. Earn more. Save more. These are all pretty standard, but Luke Landes has some alternative financial resolutions for you to consider in the new year. Perhaps you can try creating something each month or finally figuring out how to you can earn some money from your hobby. There is a risk in the latter, but you might find a way to do what you love and make a living doing it.
Many of you may already be familiar with John Chow. He’s that Internet marketing guru with whom I co-authored a book. Well, he has since continued to build up his online empire, but he has discovered that withdrawing large amounts of money from eWallet can be quite costly. Then again, I’d say earning over $300,000 in a little over three months is a good problem to have.
And finally, Chris Golden is entering the final stretch before he heads off with his fiance to Maui for their destination wedding. With only a couple of months to go, the stresses are surely piling up, but I’m sure they’ll have a wonderful time. They might even live stream it over the Internet for those of us who can’t attend in person!