We recently suggested ways to Stop Wasting Your Money with These 8 Simple Tips, a topic related to Rule 7 of the Personal Kaizen 10 Rules for Life. Our final rule shared how inflation destroys the spending power of your money. Money saved in a bank account (or as cash) is losing value every day. Here are reasons for putting lazy money to work for you with some suggested actions you can take today! A Lazy Money Case Study We’ll begin with the story of two young professionals, both with new jobs in January 2017. Bill and Jill both negotiate…

We recently suggested ways to Stop Wasting Your Money with These 8 Simple Tips, a topic related to Rule 7 of the Personal Kaizen 10 Rules for Life. Our third tip was to only purchase insurance and extended warranties when there is a legitimate risk of a loss that you cannot pay for otherwise. Here are more details on ways to stop wasting money on insurance and warranties. Wasting Money on Insurance The purpose of insurance is to protect consumers from losses they cannot pay for otherwise. Liability insurance protects you from large expenses (life, property, healthcare, and lawsuits) that…

We recently suggested ways to Stop Wasting Your Money with These 8 Simple Tips, a topic related to Rule 7 of the Personal Kaizen 10 Rules for Life. Our fifth tip to stop wasting money suggests avoiding paying interest whenever possible – a challenge for most of us since over 75% of American adults have some form of debt. Here are common forms of personal debt and some ways to pay less on interest. America’s Debt Problem Americans like to borrow money. The total debt balance in the country continues to grow every year. Interest payments on this debt will…