What is QE3 (Quantitative Easing) and How Does it Affect You?

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Last month Federal Reserve Chairman Ben Bernanke announced the roll out of QE3—the third installment of a plan to intervene more directly into the financial sector of the U.S. economy.

We hear and read a lot about it in the media and on the web, but how much does it affect us?

As individuals, very little; but collectively, the effect is more substantial.

What is QE (quantitative easing)?

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How to Become a Millionaire

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Even though a million dollars isn’t what it used to be, the goal of becoming a millionaire is one that many still strive for.  If you have a net worth of $1 million, you are thought to have truly “made it.”

Becoming a millionaire doesn’t have to be hard, though.

In reality, the steps you take toward becoming a millionaire are actually fairly simple.  The theory behind becoming a millionaire is fairly easy to grasp, although actually implementing your plan can be a little more difficult.

Here are some of the basic things you can do to answer the question of how to become a millionaire:

1. Earn Money

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Know Your Spending Triggers To Change Your Financial Behavior

Many financial experts advocate knowing your financial personality. 

Investopedia defines five major financial personalities: big spenders, savers, shoppers, debtors, and investors.  While these financial tests can be entertaining, most people fall into a several categories or none of the categories.

What can be more beneficial than learning what broad category you fit into is to identify your spending triggers and how to deal with them.

For instance, I am generally frugal.

I hang up my clothes rather than dry them in the dryer, my car has over 100,000 miles and is 8 years old, and I barter for services that I need rather than paying for them.

My one spending weakness is food, specifically going out to eat.

Generally, my desire to dine out is motivated by stress.  If I have had a busy or chaotic day, there is nothing I want more than to sit in a restaurant, relax, and have someone cook and clean up the mess.  To combat this trigger, I try to find other ways to relax, but I also prepare freezer meals so food is already prepared on a crazy day.  If I still want the dining out experience, I have learned to prepare ahead by buying deal certificates to our favorite restaurant so we can dine out for less.

By taking these steps, my family has curbed our dining out excursions from several times a week to once or twice a month.  I recognized my spending trigger and found solutions for avoiding it or ways to dine out for less.

Typical Spending Triggers

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SimplyCash® Business Card From American Express Earns Your Business Real Cash – Right Away

SimplyCash Business Card from American Express OPEN

The SimplyCash® Business Card from American Express is the easiest way your business can earn cash back for every dollar you spend.

There is no hassle, no claiming your rebate, no earning an arbitrary amount of cash before you see your rewards.

Instead, the SimplyCash® Business Card from American Express automatically credits your cash rebates right to your account every month.  Best of all- there is no limit to the amount of cash you can earn.
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