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7 Ways to Find More Time and Increase Your Productivity

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Women juggle multiple responsibilities, especially if they are moms. 

There are work responsibilities, household responsibilities, and family and children responsibilities.  Don’t forget to set aside some time to care for yourself by preparing healthy food and finding time to exercise.

The work at home mom must become an expert at juggling because she’ll constantly have to switch between childcare tasks and completing her work.  I should know because I’ve been a work at home mom now for two years.

In the beginning, juggling my childcare responsibilities with work responsibilities was fairly easy.  My two younger children took fairly long afternoon naps, and my workload was not that heavy as I was just starting my business.  I could get all my work done during nap time and in the evenings after the kids were asleep, and I still had time to relax.

Fast forward two years, and most days my kids don’t nap.  If they do, it isn’t longer than 40 minutes.  Meanwhile, my workload has increased.  My schedule had to change so I could find more time.

If this sounds familiar, let me share some of the ways I’ve found more time in my day and increased productivity:

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How Compound Interest Can Work Against You

We hear a lot about compound interest, and how it can help you build your retirement.

Indeed, the power of compound interest is the subject of many articles on how to build wealth over time.

Even though compound interest is powerful, it’s not just a force for good.  In fact, compound interest, like so much in the world of finances, is itself neither good nor bad.  It’s how you use it that matters.

Understanding how compound interest works is essential.

A quote, commonly attributed to Albert Einstein (although it hasn’t been completely substantiated), points out that, “Compound interest is the eighth wonder of the world. He who understands it earns it, and he who doesn’t pays it.”

Compound interest can work against you just as well as it can work for you.

The key is to earn it — and not pay it.  Debt is the way that you pay compound interest, and it works against you.

Simple Interest vs. Compound Interest

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Michigan Takes Over Detroit and Links

File this under things I’ve never heard of.

The state of Michigan has announced it plans to take over the city of Detroit due to massive cash flow and financial issues for the city.  The city government has 10 days to appeal (which I am assuming they will do), but the state seems pressed to take over operations.  In the event the state takes over they will put an emergency manager in place who has the authority to make drastic changes for the city to include voiding contracts with unions.

While the takeover isn’t official, it underlines the point that we all need to manage our finances.

Despite a comeback in the auto industry after the Great Recession the financial situation within Detroit has not improved.  The city has issued new debt to cover its obligations, and we all know how swiping our credit card to pay for things we can’t afford works out.

Avoid spending more than you earn — like Detroit did — with some of these tips:

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Bad Credit? Rebuild it With These Secured Credit Card Offers

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One of the fastest ways to build up your credit is to use a credit card.

However, if you have little or no credit history, flat-out bad credit, or if you have a poor credit rating, it can be difficult to qualify for an unsecured credit card (unsecured means you don’t have to have any money put away as insurance, or collateral, for any purchases you make — it’s what most credit cards are).

Creditors have stepped up their lending standards, and you might not have such an easy time getting a credit card that isn’t secured by some type of asset.
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Why You Should Avoid Penny Stocks

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Have you ever received a random email touting the benefits of a company or its recent business success?

How many times have you been on a financial forum and seen some random posts about a stock that is “poised to see explosive growth” or some other crazy claim?

Or have you ever used a stock screener to find an attractive stock, but were shocked to see the share price was only 10 cents?

Whether you knew it or not you were being prospected for penny stocks.  These dangerous stocks are deployed by scammers to steal money from you, but can be confusing to understand.

Avoid Penny Stock Scams

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Tax Time: What to Bring to Your Accountant

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Sometimes, it makes sense to have someone else to do your taxes.

If you have complex taxes, an accountant can make your life a little easier — and be worth every penny.

However, your accountant can’t work miracles. He or she can only prepare your taxes based on information that you provide. This means that you need to bring in everything needed to have your taxes done properly.

What to Bring to Your Accountant for Taxes

Personal Information

First of all, you need to have all of your personal information.

Bring in your Social Security number, as well as the numbers associated with your dependents.  The first time I used an accountant for taxes, I didn’t bring in my son’s Social Security number. It slowed things down a little bit, since I had to go back home to get it.
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Real Life Bartering with Mavis of One Hundred Dollars a Month

Bartering used to be a common occurrence when people had more of an item or skill than they did money. 

Maybe you would see the doctor and pay him with some of your harvest.  Maybe you would help a neighbor build a fence, and the neighbor would then share a portion of his meat with you.

As we came to have more money than time, bartering fell out of use.  However, bartering has recently experienced a resurgence thanks to the economy.

I have bartered for a few things since I quit my full-time job and became a freelance writer.  I bartered with my son’s dance teacher–my son got free tap dance lessons, and in return, we cleaned the studio for 2 hours once a month.  Considering his lessons were $50 a month, we “made” $25 an hour.  Not a bad exchange.

While I like to barter, I don’t do it often enough.  My guess is that you probably don’t either.  We can all learn from Mavis Butterfield, a blogger at One Hundred Dollars a Month.

Who Is Mavis?

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