On Growth Track

Believe it or not, high IQ does not translate into a lot of wealth. This is a finding from research at Ohio State University. Each additional point in IQ means $200.00 more income every year, on an average.

So why does high IQ not mean higher wealth?

Its all about habit of saving and not about income. And the good news is any one can save by using simple rules and doing so regularly. Buying what’s appropriate, living in ones means are the basic. IRA, Roth IRA, 401K, must be a part of every one’s saving scheme, if applicable. High yield bank saving accounts, low expense index mutual funds and low cost index ETF’s do not require a lot of research and are good vehicles to start ones personal research for investment.

Consistency is more important in the long run and not the brilliance of moment. Overconfidence and arrogance associated with IQ can lead one to make mistakes while being humble and learning from mistakes of ones and others and following simple rules consistently can lead to growth of investment.  Growth habits keeps one ongrothtrack.

PN

please follow these kinks for the more information on this interesting research

http://researchnews.osu.edu/archive/divwlth.htm

http://biz.yahoo.com/fool/070518/117949647104.html?.v=1

Purchasing grocery at Stop n Shop is really simple if one keeps in mind the following rules.

1. Get the weekly circular, you can get it on-line also on their site. This comes on Thursday every week and is valid for a week. Do the homework, go with a list.
2. Look for the things that are on sale, things that are on “everyday low price” are not the lowest.
3. Look for sore brands when shopping and buy in multiples of two.
4. Coupon insert from Sunday newspapers are helpful, use coupon for the smallest size item. Coupon clippers are helpful if you need somethign in particular or somethings in large quantities.
5. Pay attention to 10 for $10, kind of deals, you need not get all 10, getting even one gives you the 10 for $10 price.
6. Monitor price for all the items that you purchase / interested, use a spreadsheet if necessary, you will be able to spot the lowest price.
7. Items on sale change every week. Stockpile when you see something.
8. Always check the receipt for errors after you have checked out, errors do happen, Promptly visit the customer service in that case and get it resolved.
9. Ask for rain checks if item on sale is unavailable.

Smile, watch your savings grow by smart shopping at shop and stop. I guess most of this will be applicable at other stores also.

-PN

Consider the following for what’s worth your dollar and more:

Do you buy Premium or regular?

Do you buy spring clothes in late winter?

Did you buy the best prosumer camera / cellphone / laptop/ gadget in the market?

Do you upgrade to business class / first class by paying wile travelling?

you deserve the best

Chances are, this message is a seed for an answer of yes to any on the above questions.

While we enjoy the feeling of what feels best and what money can buy we loose sight of whats appropriate and how appropriate is the best.

By Appropriate, I mean what gets the job done with the minimum extras, just like most of us would choose regular fuel if premium is not strictly recommended.

However things may get complicated when we perceive a deal as in the airline upgrade, and there is a bit of us that deserves the best to complicate it. How does one deal with such a situation? There is no easy way out, but personal experience or information from other’s experience. When we are ready to do a even headed comparison of value and cost regardless of MSRP and our feel good feelings, we are making a good choice.

To start with

Prepearation ahead of time.

Shopping around and having the data recorded.

documented experiences from other sources (good blogs are great) are your best guide.

Next

when we have the data and armed with knowledge we will know what are the key questions to ask and what are the considerations for getting what’s appropriate. This will certainly help you deal with the most pushing sales person face to face or on the phone.

Don’t give me more, don’t give me less, don’t give me the best, let me get what’s appropriate for me after I have done my homework.

PN

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Don’t underestimate the future value of the daily present discretionary spending, you may be surprised if you calculate the numbers. You are also eliminating any need to use paper for you.

PN

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