Some Money Ideas for 2011 from Yahoo Finance

January normally is the month to plan and schedule things we need to do for the year. You can find lots of articles and posts regarding what needs to be done and what needs to be avoid for year 2011. That includes which money making opportunities you need to focus on and those you need to let go. As we started to plan our money making opportunities and financial issue, let’s take a look at the post “5 Great Money Ideas for 2011” from Yahoo Finance.

  1. Cancel those dangerous rewards cards – the cards where you earn points for every dollar that you charge.
  2. Use your Social Security tax cut to add to your savings or reduce your consumer debt.
  3. For adults and young people seeking higher education in 2011, chose a school whose costs keep you out of debt.
  4. Buy a home only if you’re putting down roots and feel happier owning than renting.
  5. Rekindle your affair with stocks. It’s hard to fall in love again, after the emotional breakups of 2000 and 2008.

I think most people fell for the first point. Instead of purchasing necessary things, you’re spending just to earn points. At the end people tend to spend more than they expected. Learning to spend less and save money is as important as learning to make money. In order to become a successful entrepreneur, there are lots of things we need to learn other than pursuing money making opportunities. It is easy to make money online with some of the money making opportunities found online. The hard part is keeping up with success and sustains the income or business built. Although some of the points discuss in the post above are only concern US resident, but still there are things that we can learn from it.

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3 Responses to “Some Money Ideas for 2011 from Yahoo Finance”

  1. Joe says:

    Great tips, but unfortunately there is nothing useful for me. I have already done done, however thanks for sharing.

  2. Kate says:

    This tips are definitely great. I love reading Yahoo Finance from time to time. Always great advice which can be applied for almost every household.

  3. Jenny says:

    I like the reports that you publish from Yahoo Finance. Always useful tips from real experts. Very helpful information.