Controversial Post on MoneyNing.com Advises Against Some Money-Saving Measures
Irvine, Calif. – People spend hours each week disassembling newspapers and scouring the Internet for great deals, but this and other time-consuming money savers can be more harmful than helpful in the long run.
“We all want to save money, but there are so many other things you can be doing that will help you create a better future,” MoneyNing owner David Ning said. “The wealthy and the affluent like to save money too, but they don’t sweat the small stuff, and instead focus on the big picture.”
Guest author Will Lipovsky outlines these points and others in the Money Ning.com post STOP Trying to Find the Best Deal – It’s Keeping You Poor.
Every year people spend countless hours waiting in line for Black Friday deals, or save $15 on a coffee maker that breaks after three months. Affluent people understand that if it’s too good to be true, then it probably is, and instead of saving that $1, they put their focus on other things.
A person can be looking up new job opportunities that will allow them to make more money. If they are happy where they are at, then they can research the best ways to ask for a raise. These are long-term financial solutions that make a much bigger impact than spending hours with a coupon clipper every week.
“Time is money. Time is precious,” Ning said. “People need to spend their time investing in themselves and creating a better life in general than trying to simply save a few dollars after hours of work.”
While some people are in a rat race running around trying to find deals and wasting hours of time they can work smarter and not harder by big money savers like bundling services (example: Verizon promotion code to bundle cable, phone and internet), buying in bulk (shopping at wholesale stores like Costco), asking service providers for an introductory rate or finding a happy medium in their quest for a good deal.
SOURCE: Press Advantage [Link]
MoneyNing.com founder, David Ning, is a former IT manager and entrepreneur who promises to make the path to financial independence “fun, entertaining, and informative.” Based on the half-million monthly visitors to the site, he appears to be succeeding.
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