Personal Money Tips

I was passing through a shopping mall today when someone approached me with an investment idea. Normally I don’t stop for such 5 minutes on your feet talk but today, I have some extra time and I let the lady talk.

In less than a minutes, it turns out to be no investment idea at all. Apparently, people will call anything an investment to get you to join them. An anything that even has a hint of possibly potential income is touted as an investment. I highlight the phrase possibly potential inceome. Truth is, what the nice lady tried to sell me was nothing more than multi level marketing. They ask people to “invest” i.e. become a member, buy their products and get others to join. I don’t have anything against MLMs. But to frame the idea that what you are purchasing is actually an investment is hogwash.

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No, this is not a post ala Tony Robbins. I’m not going to help overcome your fears, but open your eyes a little and help you save some money and the environment. This one has been around for years and is about changing your engine oil every 3,000 miles (5,000km). Many auto manuals state higher mileage before changing the engine oil but many people still do it rather religiously.

This is via greencar website.

It’s been a misconception for years that engine oil should be changed every 3000 miles, even though most auto manufacturers now recommend oil changes at 5,000, 7,000, or even 10,000 mile intervals under normal driving conditions.

Manufacturer of upmarket cars now equip their top models with sensors that tell you when to change oil! But most of use who don’t have the money or choose not to spend their money on top end cars can easily extend the oil change without damaging the engine.

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A lot of people focus of how to save their money. Knowing how to spend your money is just as important. Spending money on something that’s of value might cost more now but will last longer or give you the enjoyment of using it. “Cheap is good” mentality will most probably cost you more in the long run.