Simple mental hacks that can help you get richer

 

There are many psychological tricks that you can do to make yourself earn more money. Frame of mind is extremely important, and with the right one you can find that you will begin to earn more money on your investments and at your job. A few mental tricks that you can do to begin earning more money are to weigh financial decisions in a foreign language as this helps you think through a problem. You may also find it beneficial to try to stop worrying and to set goals on how much money you want to have in your savings accounts. Using photographs of things that you are saving for, such as your children for their education also helps many people focus on their investments. Another good idea is to visualize your older self, imagining what you want to do when you finally get to retire and visiting your aunts or grandparents. Finally, be sure to always focus on the math in a decision instead of your feelings. While these tips may seem silly, esteemed universities have found that by doing these things you can trick your brain into making you want to earn more money, which will hopefully result in actually tangibly saving more money.

Making A Profit Over Stock Market Volatility

Nowadays, stock program trading and international markets have made price volatility more prevalent than ever. While the conventional view was that the risk of stock trading goes down over time, a recent joint study between the University of Chicago and the University of Pennsylvania shows that the opposite is true.

Their research shows that investors who are not sure of their own investments should stay away from the stock market. The recent 2008 financial crisis only served to illustrate this point. The CBOE volatility index, a measuring stick for short-term erratic price changes, hit record numbers in the last two decades, with five of those spikes recorded in the last ten years.

Investment planners recommend a smaller risk for stock traders, preferring a trusted mutual fund or diversified portfolio, no matter how small the estimated returns.

Other portfolio managers recommend learning to see the ebbs and flows of the stock market until one becomes fluent in the way the market works. Although it will take some time and dedication, being able to see the early warnings of a downward market will save investors more returns in the near future.

Investment managers also suggest looking to the Internet for inspiration. With the advent of online stock watchers, investors can rest assured knowing how their portfolio moves with the market without having to consult their brokers separately.

Toronto’s Living Spaces Getting Smaller

InToronto, Canada, living conditions are becoming more and more cramped as condos are becoming smaller and smaller. Prices are not really decreasing much for living in a smaller space. As of right now, over 63 percent of condos that are ready to be lived in are either studios or one bedroom. A tiny 4 percent are more than two bedrooms, and only 9 percent of the two bedrooms include a den. Also, of the over 9,000 condos planned to be ready by the year 2014 for the city ofToronto, 67 percent of those are only studios or one bedroom.

 

 

As I said, the average size is also going down dramatically. As of right now, the average size of a condo is 822 square feet. For the projected estimates for 2014, that size will go down to 644 square feet. Living in smaller spaces for the same price is not going to be an easy task for many Canadians, but it seems there will soon be no choice with all of the building plans being on a smaller scale. You can see an interactive graph of this information and better understand the impact this will have on new buildings by clicking here http://www.cbc.ca/news/interactives/toronto-newcondos/.

 

Tips On Haggling For Your Car

Car buying is like a big haggling game that you play with the car dealer. In this article, consumer advisors talk about how you can win this game. Here are some of the highlights:
  • Research on the price of the car before you visit the dealer. Knowing the invoice price and the going market price will give you a better idea of how much your dealer is marking up the car and give you a better bargaining position.
  • Take the emotions out of haggling, and buy your car online. If you are not facing the dealer in person, you will feel less pressured.
  • If you have a car to trade in, get a quote on it from Carmax and see if your dealer can give you a better price.
  • Before you finance your car through the dealer, get a loan preapproved from another financial institution. Then you can compare the two financing plans.
  • Take advantage of all the rebates that you qualify for.
  • Do your car shopping at the end of the month when your dealer has to meet his monthly quota.
  • If the dealer is not offering you the deal that you want, walk away. There is a good chance that they will go after you with a better deal.