Benjamin Franklin as well as a whole lot of other people have
said that. Everyone wants to earn more money! So do I! However,
we can also have a lot more money to work with if you use our
money wisely! Am I an expert on this? My friends think so and
have encouraged me to share some of my ideas. Below are a couple
of tips on two of the biggest invesments we make - a house and a
car!
I never pay the sticker price on a car, whether it is new or
used. ALWAYS offer them less. Offer them less than you are
willing to pay. They will 99% of the time make you a counter
offer! If they don't, you have to decide if you want the car
badly enough to pay their price. Even if you are willing to pay
their price, you can try this; put a serious look on your face,
and think about it a while. Then get up and head for the door.
Chances are at that point, the salesman will make you a counter
offer! If not, you can leave him your telephone number and once
again, chances are, he will call you before the day is out. If
it is afternoon, the possibility of that particular car selling
is not very high. If you still feel you can't live without that
car the next (REMEMBER THE NEXT DAY) go ahead and call him and
pay his price. Maybe it was a good deal and you both will be
happy.
Here is another tip: Never buy a house or a car (NEW OR USED)
without a clause that says PREPAYMENT WITHOUT PENALTY, OR the
equivalent of that phrase. WHY? You can save thousands of
dollars by paying extra money on the principal each month. If
your contract has the clause I just mentioned, you can do this.
WHY DO YOU WANT TO DO THIS? To save yourself thousands of
dollars!! You pay interest on the unpaid balance of what you owe
each month on the car or house that you and the bank own and
that you are making payments on. For example, I paid off my new
truck (did I mention it has 4 wheel drive and a whole bunch of
extras - a 3/4 ton etc. etc - for the camper) in a little over a
year by paying $1000 a month extra on the principal. That is
pretty stiff but my wife also teaches and we lived off of my
salary. YES IT CAN BE DONE!
HOW DO I DO IT? I save on ALL the little things that do not
matter - the necessities of life, in order to buy the big things
- like my truck!! I still have more ideas for a later time.
Remember, a lifetime of saving money as a philosophy!
About the author:
Jack Lambert Why is everyone flocking to Startblaze? Go to
http://www.startblaze.com/cgibin/startcgi?917 and you will find
the answer!!!
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