The Frugal Prof

Its Not about the Money. Its about taking charge

Special offer for my Subscribers

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I’m excited to be launching Dividend Stock Gems this month.

The focus will be incredibly undervalued stocks capable of asymmetrical gains while paying dividends of between 4% – 15%.

A great example is Alliance Resources.

During the pandemic, the shares traded at 1X cash flow and paid 13% in dividends.

It then rebounded 700%.

Yes, these opportunities exist and they can change your life.

 

As a current subscriber, I wanted to offer you a subscription at a substantial discount 👇

As a current subscriber, I am offering you a 20% discount on the price of the subscription.

This is probably the lowest price it will ever be offered. As a way to thank you for your support.

This offer expires soon.

Here is the LINK

Breaking the College Cost Barrier: Employers That Will Pay for Your Education

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Paying for college education can be a daunting task, especially with the rising cost of tuition.

However, there are many companies that offer tuition assistance for employees. These companies understand the importance of investing in their employees’ education and have implemented programs to help employees pay for their college education.

Here are some of the companies that offer tuition assistance for employees, along with quotes that highlight the importance of education.

  • Starbucks: Starbucks offers its employees the opportunity to attend Arizona State University (ASU) online through the Starbucks College Achievement Plan. According to Howard Schultz, Starbucks CEO, “We want to create a culture of lifelong learning and make it possible for our partners to pursue their dreams and aspirations.”
  • IBM: IBM offers its employees the opportunity to pursue a degree or certificate program through the IBM Tuition Assistance Program. According to Ginni Rometty, IBM CEO, “Investing in our employees is key to IBM’s ability to continuously innovate and compete.”
  • AT&T: AT&T offers its employees the opportunity to earn a degree through the AT&T Aspire program. According to Randall Stephenson, AT&T CEO, “We see education as a fundamental human right and a business imperative.”
  • Boeing: Boeing offers its employees the opportunity to pursue a degree through the Boeing Education Assistance program. According to Dennis Muilenburg, Boeing CEO, “We are committed to investing in our employees’ education and skills development.”
  • McDonald’s: McDonald’s offers its employees the opportunity to earn a high school diploma or college degree through the Archways to Opportunity program. According to Steve Easterbrook, McDonald’s CEO, “Investing in our employees is one of the most important things we can do to build a stronger, more successful company.”

In conclusion, paying for college education can be a daunting task, especially with the rising cost of tuition.

However, there are many companies that offer tuition assistance for employees. Companies such as Starbucks, IBM, AT&T, Boeing, and McDonald’s understand the importance of investing in their employees’ education and have implemented programs to help employees pay for their college education.

These programs can help employees to achieve their education goals and advance their careers, while also benefiting the company by providing a more skilled and educated workforce.

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You’re Invited

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Do you know what was the Best Performing Stock of 2023?

An artificial Intelligence Stock? … No

A high tech company? … No

A Crypto Company?  … Nope

The Best Performing stock of 2023 was a value stock.

In a left for dead sector.  Retail.

They sells T-shirts, Jeans, and Khakis at the Mall!

AT THE MALL!!

Abercrombie and Fitch gained 285% this year

 

 

Why do I bring this up?

Because I’m writing a new Investing Newsletter and You’re Invited.

I scan 8,000 stocks for the true Stock Gems.  Stocks that have tremendous upside.

Eight weeks ago, I recommended another retailer that was incredibly undervalued, Gap Stores.

The shares are up over 88% since then.

Stock Gems offers Premium Content but for the next 6 months, much of the content will be FREE.

So sign up Here.

 

Thank You

Wishing you a year of health and success.

 

 

 

No Age Limit: The Inspiring Stories of Entrepreneurs Who Found Success Later in Life

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No Age Limit: The Inspiring Stories of Entrepreneurs Who Found Success Later in Life

 

Starting a business is a challenging and risky endeavor, but it is never too late to pursue your entrepreneurial dreams.

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Many successful entrepreneurs have taken the leap after the age of 40 and have proven that it is possible to start a business at any stage of life.

One example is Bernie Marcus and Arthur Blank, who co-founded The Home Depot in 1979 at the ages of 40 and 38 respectively.

Home Depot, a home improvement supplies retailer, has since become one of the largest companies in the world.

 

Another example is Jean Nidetch, who founded Weight Watchers in 1963 at the age of 42.

Nidetch’s weight loss program has helped millions of people around the world achieve their health and fitness goals.

 

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Harland Sanders, better known as Colonel Sanders, started his journey as a successful entrepreneur after the age of 40.

Sanders started selling fried chicken from his gas station in Kentucky at the age of 65 and went on to build the KFC empire.

Despite facing several setbacks in his career, Sanders never gave up on his entrepreneurial dreams. He perfected his secret blend of 11 herbs and spices and sold the recipe to franchisees, eventually turning KFC into a global fast-food chain.

Sanders’ story serves as a reminder that it’s never too late to start a business and find success. He faced numerous challenges and rejections, but he never gave up on his vision. He continued to work hard and pursue his passion, eventually finding success and becoming a household name.

So, if you’re thinking of starting a business, don’t let your age hold you back. Follow in Colonel Sanders’ footsteps and never give up on your entrepreneurial dreams. Remember, it’s never too late to turn your passion into a successful business.

Age is just a number, and there’s no better time than now to pursue your dreams and start a business that will make a difference in the world.

These inspiring stories demonstrate that starting a business is possible at any age, with determination and hard work. If you have a passion for entrepreneurship, don’t let your age hold you back. It’s never too late to launch a successful business.

Sleepless Nights and Early Retirement: A Family’s Journey to Financial Independence

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Sleepless Nights and Early Retirement: A Family’s Journey to Financial Independence

 

Retirement planning can be a daunting task, especially when you have a family to support and a significant amount of savings to manage. For many people, the question of when they can retire is a constant source of stress and anxiety. This is especially true for those who are nearing the traditional retirement age but are still uncertain about their financial future.

In this article, we will explore the retirement prospects of a 49-year-old man, his 34-year-old wife, and their four children. The couple has $2.3 million in savings and the man earns $300,000 a year.

Despite their high income and substantial savings, the man admits to “losing a lot of sleep worrying about tomorrow.”

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The first step in determining when this couple can retire is to calculate their current expenses and projected expenses in retirement.

According to the Bureau of Labor Statistics, the average American household spends $60,000 a year on expenses. However, this number can be significantly higher for families with children. For this couple, their expenses may be closer to $100,000 a year.

Value Investing

Next, we must consider their income sources in retirement. The couple’s $2.3 million in savings would generate roughly $80,000 a year in income if invested in a balanced portfolio. Additionally, the man will be eligible for a Social Security benefit of approximately $30,000 a year.

Combined, this gives them an annual income of $110,000 in retirement.

Now that we have a rough estimate of their expenses and income in retirement, we can determine when the couple can retire.

By using the 4% rule, which states that an individual can safely withdraw 4% of their savings each year, the couple can safely retire in about 20 years if they continue to save at the same rate.

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However, it’s important to keep in mind that these are rough estimates and that retirement planning is a highly personal and complex process. It’s always a good idea to consult a financial advisor who can help you develop a retirement plan that’s tailored to your specific needs and goals.

 

In conclusion, retirement planning can be a difficult and stressful process, especially when you have a family to support and a significant amount of savings to manage. By understanding your expenses, income sources, and savings, you can better plan for your financial future and achieve the retirement of your dreams.

With the right plan and a bit of patience, this family of six can achieve financial independence and retire comfortably in around 20 years.

 

 

Travel on a Budget: Tips and Tricks for Saving Money on Your Next Trip

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Travel on a Budget: Tips and Tricks for Saving Money on Your Next Trip

 

 

Travel is one of life’s greatest pleasures, but it can also be one of the most expensive.

However, with a bit of planning and creativity, you can cut costs and save money on your next trip. Here are some tips and tricks to help you do just that.

 

  • Travel off-season

One of the easiest ways to save money on travel is to travel off-season. During peak travel periods such as school holidays and major events, prices for flights, accommodations, and activities can skyrocket.

However, by traveling during the off-season, you can save a considerable amount of money. According to a survey conducted by CheapAir.com, “Travelers can save an average of 30% by traveling in the off-season versus the high season.”

Plan ahead: The earlier you book your flights and accommodations, the more likely you are to get a good deal. Airfare and hotel prices tend to increase closer to the travel date, so planning ahead can save you a significant amount of money.

 

  • Book in advance

Booking in advance can also save you money on travel. According to a survey conducted by TripAdvisor, “Booking a hotel room at least a month in advance can save you up to 40% compared to booking the same room at the last minute.”

The same can be true for flights as well, as prices tend to increase the closer you get to your travel date.

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Be flexible: If you’re willing to be flexible with your travel dates, you’ll have more options when it comes to finding deals. Avoid peak travel seasons and consider traveling during the off-season.

 

  • Stay in budget accommodations

Staying in budget accommodations such as hostels, guesthouses, or Airbnb can be a great way to save money on travel. According to a survey conducted by Booking.com, “One-third of global travelers (33%) are planning to stay in a hostel, homestay, or other budget accommodation in 2021.”

These types of accommodations can be much cheaper than traditional hotels, especially in expensive cities.

 

  • Use public transportation

Using public transportation instead of taxis or rental cars can save you money on travel. According to a survey conducted by CheapOair, “In the United States, the average daily cost for a rental car is $49.50, while the average daily cost for public transportation is only $7.50.” In addition to saving money, using public transportation can also be a great way to experience local culture.

 

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  • Eat like a local

Eating like a local can also save you money on travel. Instead of dining at expensive restaurants, try street food or local markets. According to a survey conducted by Booking.com, “More than half (54%) of global travelers want to experience local food when traveling.” Not only is local food often cheaper, but it can also be more authentic and flavorful.

 

 

Look for package deals: Many travel companies offer package deals that include flights, accommodations, and activities. These can be a great way to save money, as you’ll often get a discounted rate for booking everything together.

Take advantage of rewards programs: Many airlines, hotels, and credit card companies offer rewards programs that can help you save money on your next trip. Take advantage of these programs and earn points or miles that can be used for future travel.

Be mindful of currency exchange rates: Currency exchange rates fluctuate frequently, so it’s important to be aware of the current rate when planning your trip. If the exchange rate is favorable, you’ll be able to stretch your dollar further.

Be smart with your food budget: Eating out can be one of the most expensive parts of traveling. Consider cooking your own meals instead of eating out, or look for deals and discounts on meals.

Travel light: Avoid checking baggage, it will save you money on baggage fees and make it easier to navigate through airports.

 

  • Take advantage of free activities

Taking advantage of free activities can be a great way to save money on travel.

Many museums, parks, and other attractions offer free admission or have discounted rates on certain days of the week. According to a survey conducted by TripAdvisor, “Almost three-quarters (73%) of global travelers are interested in cultural experiences such as visiting museums, art galleries, or historical sites.”

 

In conclusion, there are many ways to save money on travel, from traveling off-season to staying in budget accommodations and using public transportation. By implementing these strategies, you can make your travel dreams a reality without breaking the bank.

As travel writer Rick Steves once said, “Travel is rich with learning opportunities, and the ultimate souvenir is a broader perspective

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By following these tips, you can save money on your next trip and have more money to spend on experiences and memories.

Happy travels!

Unlocking the Secrets of the Ultra-Wealthy: 8 Habits of Rich People

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Unlocking the Secrets of the Ultra-Wealthy: 8 Habits of Rich People

Becoming wealthy is a dream for many, but what separates the wealthy from the ultra-wealthy?

What are the habits and traits that enable some people to accumulate wealth beyond measure? In this blog post, we’ll explore 8 things that rich people do differently to become ultra-wealthy.

  1. They invest in themselves

“Successful people are constantly learning, growing, and investing in themselves,” says self-made millionaire, Jim Rohn.

Rich people understand that their success is a direct result of their own efforts, and they invest in themselves through education, self-reflection, and personal development.

  1. They live below their means

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful,” says legendary investor, Warren Buffett.

Rich people understand the power of saving and investing, and they live below their means, which enables them to accumulate wealth over time.

  1. They have a long-term perspective

“Successful people are not afraid of taking risks and they are willing to wait for the rewards of their efforts,” says billionaire entrepreneur, Mark Cuban. Rich people have a long-term perspective, and they are willing to make the necessary sacrifices today to secure a better future for themselves and their families.

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  1. They seek out mentors

“Success leaves clues,” says motivational speaker, Tony Robbins. Rich people understand the value of seeking out mentorship and guidance from those who have achieved what they are striving for. They are not afraid to ask for help and they are always looking to learn from those who have already succeeded.

  1. They have a clear vision and purpose

“Successful people have a clear vision and purpose,” says motivational speaker, Eric Thomas. Rich people have a clear understanding of what they want to achieve and they are driven by a sense of purpose. They are not afraid to take bold action and make the necessary sacrifices to achieve their goals.

  1. They build networks

“Your network is your net worth,” says author and speaker, Porter Gale. Rich people understand the importance of building relationships and they actively seek out opportunities to network with like-minded individuals. They are always looking to expand their circles and make valuable connections.

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  1. They embrace failure

“Successful people embrace failure as a necessary step on the path to success,” says motivational speaker, Brian Tracy. Rich people understand that failure is a natural part of the growth and learning process, and they use it as an opportunity to refine their strategies and improve their skills.

 

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  1. They have a strong work ethic

“Successful people are willing to put in the hard work and make the necessary sacrifices to achieve their goals,” says author and speaker, Napoleon Hill. Rich people have a strong work ethic, and they are willing to do whatever it takes to succeed. They are disciplined, focused, and driven to achieve their dreams.

Conclusion:

Becoming ultra-wealthy requires more than just luck or talent. It requires a combination of habits, traits, and behaviors that enable people to accumulate wealth beyond measure. By following the examples of the world’s most successful people, anyone can develop the habits and traits necessary to become ultra-wealthy

Steer Clear of These Mortgage Shopping Errors

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Steer Clear of These Mortgage Shopping Errors

 

When shopping for a mortgage, it’s easy to get caught up in the excitement of purchasing a new home.

However, a hasty or ill-informed mortgage decision can cost you thousands of dollars in the long run.

To ensure you get the best deal on your mortgage, here are some common mistakes to avoid:

Failing to shop around for the best rate: According to a report from the Consumer Financial Protection Bureau, nearly one-third of mortgage borrowers only apply for a loan with one lender. This can be a costly mistake, as mortgage rates can vary widely between lenders. To get the best deal, make sure to shop around and compare offers from multiple lenders.

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Not understanding the terms and conditions: Make sure you fully understand the terms and conditions of your mortgage, including the interest rate, fees, and repayment period. Don’t be afraid to ask questions and clarify any confusion before signing on the dotted line.

 

Not considering the long-term impact: While a lower interest rate may seem attractive in the short term, it’s important to consider the long-term impact of your mortgage. A longer repayment period, for example, may result in paying more in interest over the life of the loan. Make sure you fully understand the terms of your mortgage and how they will impact your finances in the long run.

 

Neglecting to check your credit score: Your credit score is a crucial factor in determining the interest rate you’ll receive on your mortgage. Before you start shopping for a mortgage, make sure to check your credit score and work to improve it if necessary.

Not considering all costs: Closing costs and other fees can add up quickly when buying a home. Make sure to factor in all costs, including appraisal fees, title insurance, and home inspection fees, when comparing mortgage offers.

 

 

Your credit score is one of the most important factors when it comes to getting a mortgage. It’s used by lenders to determine the interest rate they’ll offer you and can have a significant impact on the overall cost of your mortgage. In this blog post, we’ll take a closer look at how your credit score affects the cost of your mortgage and what you can do to improve it.

Higher interest rates: A low credit score typically means a higher interest rate. This may not seem like a big deal when you’re shopping for a mortgage, but over the life of a 30-year mortgage, a higher interest rate can add thousands of dollars to the cost of your loan.

For example, according to the Consumer Financial Protection Bureau, a borrower with a credit score of 720 or higher can expect to receive an interest rate of 3.752% on a 30-year fixed-rate mortgage. On the other hand, a borrower with a credit score of 620 or lower may be offered an interest rate of 4.706%.  That’s a difference of nearly 1%!

Higher closing costs: In addition to a higher interest rate, a low credit score may also result in higher closing costs. Lenders may view you as a higher risk borrower and may charge higher fees to compensate for that risk.

Difficulty getting approved: A low credit score may also make it more difficult to get approved for a mortgage. Lenders may require a higher down payment or a co-signer to approve your loan.

Longer repayment period: In some cases, a low credit score may result in a longer repayment period. This means you’ll end up paying more in interest over the life of the loan.

So, what can you do to improve your credit score? Here are some tips:

  1. Pay your bills on time: Late payments can have a major impact on your credit score. Make sure to pay all of your bills on time and set up automatic payments if needed.
  2. Keep your credit card balances low: High credit card balances can also negatively impact your credit score. Make sure to keep your balances low and pay them off in full each month.
  3. Check your credit report: Review your credit report regularly and dispute any errors you find.
  4. Limit new credit applications: Every time you apply for credit, it’s recorded on your credit report. Limiting new credit applications can help keep your score from declining.

In conclusion, your credit score can have a major impact on the cost of your mortgage. By taking steps to improve your credit score, you can lower your interest rate, reduce your closing costs, and make it easier to get approved for a mortgage. As you can see, the benefits of a good credit score are significant, so it’s well worth the effort to take control of your finances and improve your score.

 

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How to Afford Your Dreams of Parenthood: Cost-Saving Tips for IVF

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How to Afford Your Dreams of parenthood: Cost-Saving Tips for IVF:

The road to motherhood has been bumpy for Erin Andrews. 

The former “Dancing With the Stars” host and her husband, Jarret Stoll, have been trying to conceive a child through IVF for nearly a decade — but have not given up hope. 

“It’s not easy. It’s been one of the most challenging things in my life, and I know in my husband’s life as well,”

Andrews, 44, told Us Weekly in an interview published Tuesday.

 

In-vitro fertilization (IVF) is a highly effective way to conceive a child, but it is also a very expensive process.

The cost of IVF can range from tens of thousands of dollars, making it an unattainable dream for many couples. However, there are ways to save money on IVF, and this blog post will explore the various cost-saving strategies available.

  1. Budgeting and Planning

The first step in saving money on IVF is to create a budget and a plan for the treatment.

This includes researching the cost of different IVF clinics, the cost of medications, and any additional expenses associated with the treatment. With this information, couples can plan their expenses and determine the best way to save money.

 

  1. Insurance Coverage

Many insurance plans cover a portion of the cost of IVF, and couples should check their insurance coverage to determine what is covered. Some insurance plans also offer fertility treatment benefits, which can help reduce the cost of IVF. Couples should research the various insurance options available and determine what coverage is best for their needs.

 

  1. Grants and Financial Assistance

There are various grants and financial assistance programs available to couples undergoing IVF, and these programs can help offset the cost of the treatment. Some programs are run by non-profit organizations, while others are funded by the government. Couples should research the various programs available and determine what resources are available to them.

 

  1. Using a Discounted Embryo

Using a discounted embryo can be a cost-effective way to undergo IVF. Discounted embryos are embryos that have been created through IVF and are available for adoption at a reduced cost. Couples should research the various programs available and determine what options are available to them.

 

  1. Opting for Mini-IVF

Mini-IVF is a less intensive form of IVF that uses a smaller dose of fertility drugs and results in fewer eggs being retrieved. Mini-IVF is a more cost-effective option for couples and can result in fewer side effects and a lower cost.

 

  1. Seeking Support from Family and Friends

Many couples opt to seek support from family and friends to help offset the cost of IVF. This can include asking for financial support, or it can mean seeking support in other forms, such as emotional support or help with childcare.

 

Conclusion:

IVF can be an expensive process, but there are ways to save money on the treatment.

By researching insurance coverage, grants and financial assistance programs, and alternative options, couples can make IVF a more affordable option. With these cost-saving strategies, couples can achieve their dream of starting a family without breaking the bank

 

 

 

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Breaking the Cycle of Financial Stress: The Power of Creating a Budget

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Breaking the Cycle of Financial Stress: The Power of Creating a Budget

 

Creating a budget is one of the most important steps you can take to take control of your finances. It’s a simple, yet effective way to track your income and expenses, and ensure that you’re saving enough money to reach your financial goals.

The first step in creating a budget is to gather all of your financial information, including your income, expenses, and bills. Once you have this information, you can start to categorize your expenses into different categories, such as housing, transportation, and entertainment.

7 Helpful Tips To Creating a Budget and Become Debt Free

 

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Next, you’ll want to create a spending plan for each category. This will help you to see where your money is going and identify any areas where you may be overspending. You can also use this information to set financial goals for yourself, such as saving for a down payment on a house or paying off credit card debt.

One important aspect of budgeting is that you should regularly review and update your budget. This will help you to stay on track and make any necessary adjustments. A budget is a living document that should be updated as your life changes.

Creating a budget may seem like a daunting task, but it’s actually quite simple. With a little bit of organization and discipline, you can take control of your finances and start working towards your financial goals.

 

Remember, it’s never too late to start budgeting and taking control of your financial future.

 

 

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