Spending Wisely

I love sharing unique ways to save money and make some extra cash on the side...

Here's one of my favorite ways, which I recently shared with my Retirement Millionaire subscribers...

Doc's note: I read this essay from my friend Alexander Green, Chief Investment Strategist of The Oxford Club, and had to share...

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This is one of the easiest ways to shelter assets for your children or grandchildren... and save a bundle on taxes while doing so.

This varies from state to state, but it – generally – allows you to...

Nobody wants to talk about death...

Most folks would rather just ignore it, and pretend that it's not going to happen to them.

A cardinal rule for preserving wealth is never overpay for anything.

The more money you keep, the more you can save for your retirement.

Where you live can nearly double how much you're spending on medical care, as well as how much care your doctor orders.

A patient in Miami, Florida costs Medicare about $13,524 a year... while one in Honolulu, Hawaii costs around $6,900, according to the Dartmouth Atlas of Health Care.

Did you get a nice Christmas basket of fruit, nuts, or other goodies last year from your financial advisor?

The bigger the basket, the more likely it is you're paying your advisor far too much...

Once a year, millions of Americans "practice" for a currency crisis...

It's like what folks in Argentina experienced during the last currency crisis. And what Greek citizens had to do this summer.

They wake at 4 a.m... stand in line for hours... shuffle past security goons at the door... and hope that no one tries to "rush in" at the last minute...

But instead of trying to stock up on pesos or euros, Americans are waiting for the opportunity to save a few bucks on a big-screen TV on Black Friday, the day after Thanksgiving.

For years, you could save hundreds of dollars by standing in line. The tradeoff of time-to-value was worth it.

Thankfully, there's no point anymore. Now, there's only one place worth going on Black Friday...

Home.

Last year was the first time that I did all my Black Friday shopping on the Internet, mostly on Amazon (the world's largest retailer). The deals at your local brick-and-mortar store are simply not good enough to justify losing sleep and spending hours waiting in line.

More stores now offer online-only deals starting on Black Friday. And even better is the Monday after Thanksgiving – Cyber Monday. That's the day Internet retailers designate for their biggest deals.

Amazon even announced it's starting a "countdown" week of sales from Friday, November 20 through Black Friday. And it's not the only one starting early. Several websites – like www.theblackfriday.com and www.blackfriday.com – track the best deals.

But cyber-deal enthusiasts beware: You need to stay safe when you shop online...

I am a fan of credit cards – particularly with all of the rewards you can get. We've put together a list of cards we recommend based on personal use, research, and reader endorsements. Have a card you love? Send it in to us at [email protected].

For millions of Americans, Christmas will go on long past midnight on December 25... with potentially crippling consequences.

According to the Gallup polling company, the average American plans to spend $812 on Christmas gifts this year. If they put it all on their credit cards... they'll have to add about $68 a month to their regular payments to pay it off in a year.