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الجمعة، 27 مايو 2016

You Could Spend a Night in the Eiffel Tower — for Free. Here’s How

Ah, Paris.

Strolls along the Seine. Espresso paired with fluffy, fresh croissants for petit déjeuner every single day. And, of course, lots and lots of fantastic wine.

Although I haven’t been yet, Paris is one of my dream destinations. And obviously, the Eiffel Tower is high on my list of things to see once I get there.

And as it turns out, I might actually have a chance to spend quite a bit of time there. A whole night, in fact.

Win a Free Trip to Paris from HomeAway

That’s right: HomeAway is giving one lucky winner (and five of their favorite people) a free night’s stay in their posh Eiffel Tower apartment.

You’ll also get a free dinner and breakfast tower-side, as well as three extra nights in Paris at a different HomeAway vacation rental. Oh, and airfare. C’est magnifique!

Even better? It’s really easy to enter.

Want to Try Your Luck?

To enter the contest, all you need to do is head over to this page and provide HomeAway your personal information and email address.

You need to be over the age of 18 to enter… but if you’re not quite there yet, maybe ask a parent or a friend. I mean, who doesn’t want a free trip to Paris?

The form also asks you for a tweet-length explanation of what you’d do if you won — not a hard subject to fantasize 140 characters about.

Agree to their terms and conditions, click submit, and figure out how you’re going to pick five friends and family members without seriously ticking off everyone you know.

And if I were you, I’d hurry. Everyone at TPH headquarters has already entered their name, and now we’re busy coming up with pseudonyms… 😉

Bonne chance!

Your Turn: Will you enter HomeAway’s contest to win a free night’s stay in the Eiffel tower? Who would you bring if you won?

Jamie Cattanach (@jamiecattanach) is a staff writer at The Penny Hoarder. Her creative writing has been featured in “DMQ Review,” “Sweet: A Literary Confection” and elsewhere.

The post You Could Spend a Night in the Eiffel Tower — for Free. Here’s How appeared first on The Penny Hoarder.



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6 Places Veterans and Active Military Can Get Free Food on Memorial Day

Memorial Day in the U.S. invokes images of Americana with as much variety as the American experience itself.

You may be looking forward to a long weekend with friends or family, celebrating a high school graduation or preparing your shopping list for holiday deals.

As a nod to the real reason for the holiday, businesses around the country are offering special meal deals for veterans and active military service members this Memorial Day weekend.

Here are six places you can go for free food on Monday, May 30, with your military ID:

1. Hooters

On the 30th, choose your favorite item from the Hooters Memorial Day menu: Buffalo chicken salad, Buffalo chicken sandwich, Hooters burger or 10-Piece Traditional or Boneless wings with your choice of sauce.

2. McCormick & Schmick’s

A military ID will get you a free lunch or dinner entree on Memorial Day at the seafood and steak chain.

3. Shoney’s

Don’t feel like grilling out this weekend? Get your burger fix at Shoney’s instead.

Military personnel can enjoy a complimentary Shoney’s signature All-American burger and fries on May 30.

4. McAlister’s Deli

Get a free entree, drink and dessert on Memorial Day if you’re in uniform or present your military I.D.

5. MOD Pizza

Eat a free salad or 11-inch pizza at MOD’s on Memorial Day, according to Time.

6. Wendy’s

Anyone can get a free small Frosty on Memorial Day at participating restaurants in Alabama, Florida, Georgia, Louisiana, Mississippi, Texas and Virginia.

Lots of restaurants offer military discounts year-round, as well. So don’t forget to ask if you don’t see your favorite place on the list.

Also check your local museums, zoos and theme parks this weekend for free or discounted admission for military personnel and families.

And, even if you’re enjoying the holiday, we remind you to take some time this Memorial Day to remember those we’ve lost in service.

Your Turn: What are your plans for Memorial Day weekend?

Editorial intern Carissa Richetti contributed research to this post.

Dana Sitar (@danasitar) is a staff writer at The Penny Hoarder. She’s written for Huffington Post, Entrepreneur.com, Writer’s Digest and more, attempting humor wherever it’s allowed (and sometimes where it’s not).

The post 6 Places Veterans and Active Military Can Get Free Food on Memorial Day appeared first on The Penny Hoarder.



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7 Types of Emails to Send Customers to Keep Them Coming Back

As everyone says…

You need to build an email list.

Email marketing provides the highest ROI for most businesses at $40 for every $1 spent (on average).

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I’m sure you see a ton of content on a regular basis that shows you different ways to build that email list. Great.

But how much do you see that tells you how to interact with that list effectively?

I think it’s safe to guess not much.

I wouldn’t be surprised if you had questions such as:

  • What do I send my subscribers?
  • How do I keep open rates high?
  • How do I make my emails exciting?

While I can’t show you all of that in a single post, I’m going to show you 7 different types of emails that most businesses can send.

These types of emails are emails that your subscribers and customers will enjoy getting, will interact with, and will help you build strong relationships. 

1. Exclusive offers make subscribers feel special (but which kinds are best?)

It’s nice when someone, whether a close friend or a relative stranger, goes out of their way to do something nice for you.

As a website owner with an email list, you’re hopefully somewhere in the middle of that friend-stranger spectrum in the eyes of your subscribers.

If you can do something for your subscribers that they really appreciate, it will do many important things:

  • Make them think more highly of you
  • Make them more loyal (to stay a subscriber and to buy in the future)
  • Make them more willing to reciprocate (if you ask for a share, referral, or something else).

The question then is: what can you give them?

For most businesses, an exclusive offer is the best thing they can give.

Let’s go through a few real examples and then some more general situations.

First, you can offer a live event that only your subscribers are invited to. Not only will the event be valuable because it’s live, but it will also be well attended because it’s exclusive.

Bryan Harris often does this, so it must work well for him. For example, here is an email with an offer to attend a private mastermind:

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He sends a few emails leading up to the event and one or two at the last minute. They aren’t complicated—just a brief description of what to expect in the event.

What else can you offer subscribers? Another thing of value that doesn’t cost you much, if anything, is early access.

Matthew Barby created a WordPress plugin and sent this email to his subscribers, giving them free access to it:

image06

That’s a pretty sweet offer. In reality, Matthew is also gaining his first group of users, which is another win for him.

If you’re launching any big guides or tools, consider getting early feedback from your subscribers.

What else can you offer?

  • Discounts
  • Secret products (like limited one-on-one consulting)
  • Webinars
  • A sneak peak at original research
  • Free samples

Be creative. If you can think of any other ideas, tell me about them in a comment at the end of the article.

2. Give subscribers the gift of convenience

Take care of your subscribers because your list is one of the most valuable assets you own.

You can give value in many ways. Some may be big gestures (email type #1), but even small things go a long way.

If someone is on your list, that means they’ve already told you that they like your content (if they signed up from a blog post, for example).

However, just because they want to hear your thoughts and advice doesn’t mean all your subscribers want it in the same way.

Typically, you’ll email all your subscribers about any new content you create. When you do this, consider giving them alternative ways to consume the content. Make it as convenient as you can.

For example, Tim Urban created a long post about SpaceX. He then sent out this email to subscribers:

image07

On top of the regular link that he had already sent his subscribers, he sent this email with two other options: a PDF version and an audio version.

It takes a fraction of the time to re-create the original content in a different form, but it adds a lot of extra value.

Nathan Barry offers another way to make your content more convenient.

After he hosts a webinar, he uploads it to YouTube and sends an email with a link to all his subscribers.

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It’s something that I know most subscribers really appreciate, and it also exposes his webinar to those subscribers who forgot to sign up for the event.

Convenience typically comes in the form of different mediums of content.

If you wrote a blog post, particularly a long one, consider emailing it to your subscribers with more than one version:

  • PDF
  • a cheat sheet
  • audio version
  • video summary

Or if you created a video, reformat that into:

  • an e-book
  • an MP3 download
  • a video download
  •  a cheat sheet/summary

You don’t need to create all the formats. Just think about which ones your subscribers would like most and which make sense for the content you made.

3. Short value emails can be a nice change of pace

Think about your subscribers’ email boxes.

Day after day, they get several emails from friends, families, and businesses they like.

What do most of the business emails consist of?

  • “Read our content”
  • “Buy our stuff”

About 90% of business emails fall into these two categories.

And it’s not that those types of emails aren’t valuable to your subscribers—because they are, but some subscribers will get fatigued by them.

If you’re looking to maximize your subscriber happiness as much as possible, consider sending emails that focus on nothing but teaching something interesting to your subscribers.

No links to your content or anyone’s website.

No asking for replies—just a clear show of value.

Bernadette Jiwa is known for her story-telling talent.

She sends out this exact type of email I’m talking about on a regular basis. Sometimes her emails have links underneath, and sometimes they don’t.

Here’s an example of such an email (yes, that’s the whole thing):

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It’s short but gives her subscribers an interesting thing to ponder, which helps them tell better stories (their goal).

It’s a nice break from overwhelming amounts of content (which I may be guilty of myself).

4. Highlights need to be interesting

Email newsletters are nothing new.

Any email sent out on a regular basis that summarizes what’s been happening on a site can be considered an email newsletter.

They’re supposed to consist of highlights.

But like the name implies, they need to consist of the very best of your site.

Whether you have user-generated content or content produced by your writing team, highlight emails are an option.

However, make sure you’re not including everything. But don’t select content randomly either.

You should be giving previews of the most popular content on your site for that particular time period.

For example, Quora (the question and answer site), regularly sends users the most upvoted questions from their feeds.

Here’s what it looks like:

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I would guess that these are automatically generated by the most upvoted questions during the week.

5. One way to show that you really respect subscribers

One goal that every email marketer should have is to form deeper relationships with subscribers.

Admittedly, this is difficult. It’s tough to break down that barrier over email only. You’ve probably never met your subscribers, and by default, they think of you as just another business.

Even if they like your business, most subscribers will still be skeptical about your claim that you care about them and not just their money.

One thing I encourage businesses to do is find employees through their email list.

I’ve done it before, as have many others. Here’s an example of Ramit Sethi sending an email to his list while looking to hire for more than 10 positions:

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When you do this, you make it clear that you think of them as people whom you respect and who you believe have valuable skills.

And it’s good business too. Your subscribers likely have an in-depth understanding of your business and obviously think in similar to you ways (since they like you).

Even if someone doesn’t apply or doesn’t get hired, it’s clear to them that you’re looking to develop partnerships and relationships with people on your list.

It’s one way to break down that barrier a bit and become more than “just another business.”

6. Don’t fall victim to the “curse of knowledge” (deliver your best stuff)

Many bloggers suffer from the “curse of knowledge.”

The curse of knowledge is a fairly old concept. It basically states that it’s hard to understand what lesser-informed people are thinking.

If you’re an expert in math, it would be hard for you to even fathom that someone doesn’t understand something like basic calculus.

It’s the reason why some people are geniuses but absolutely awful teachers. Conversely, someone who just learned something can often teach it best because they understand the perspective of someone who doesn’t know it.

Let’s apply this to your subscribers and content.

Over the years, you might write hundreds of pieces of content. At that point (possibly present day), you’re naturally going to assume that your average new subscriber is more informed than they used to be.

For me, as an example, it’s easy to assume that every new subscriber understands on-page and off-page SEO as well as concepts such as white-hat and black-hat link building.

From that perspective, it’s hard for me to send them my advanced guide to SEO because I’m assuming they already know everything in it.

Chances are, though, your average new subscriber won’t change much over time.

And it’s very likely that my average new subscriber could benefit from more general SEO knowledge before I get to the specific tactics I currently write about.

The autoresponder “crash course”: If you think that this is a problem, one way to fix it is with an autoresponder sequence.

Think of what an average subscriber knew even a year or two ago, and make a list of what they need to learn to get up to speed with the rest of your content.

Then, put together an autoresponder sequence that you send to all new subscribers, where you showcase your old content that teaches these basic concepts.

For example, if you sign up for Wordstream’s list, a PPC optimization business, you’ll get a few emails like this:

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The guides are all older content, and the field may have advanced since it was written, but the fundamentals hold true, and new subscribers will greatly appreciate learning them.

The takeaway from the “curse of knowledge” is that you’re probably giving subscribers a bit too much credit. Don’t assume they’ve read every single post you’ve ever written—because they haven’t.

Don’t be afraid to send emails featuring the best of your older content.

7. Preview big events that subscribers will be interested in (be your own hype man)

You need to give subscribers incentives to open that next email.

There are many ways to do this, but one way is to build hype in advance.

Think about any popular TV show. They show previews for the next episode in commercials and at the end of episodes.

These get you excited, and you make sure you watch the next episode.

Brian Dean does a similar thing really well, but for content.

For example, he sent this email to subscribers:

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In that email, he shared his story about struggling and then finally succeeding with SEO.

It’s an interesting story that draws you in and makes you curious about the specifics of his success (building hype).

At the bottom of the email, he teases subscribers with bullet points that outline what he’s going to show them over the next few emails:

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Right at the end, after building that hype, he tells them to watch out for his next email in which he’ll send the first post about how to succeed with SEO like he did.

You’d better believe that he had a fantastic open rate on that email.

You can do the same. When you’re planning to publish a big piece of content or a new tool, first send an email that focuses on the benefits of it.

If possible, tie it into an entertaining story to suck in your subscriber even more. That will only add to the anticipation.

Conclusion

It’s not enough just to build an email list—you have to use it effectively.

Emails are a great personal way to communicate with subscribers and customers.

Use as many of these 7 types of emails (where they make sense) to start building more meaningful relationships.

If you’re having trouble deciding exactly what to send to your subscribers, just fill me in on your situation in a comment below, and I’ll point you in the right direction.



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What Do ‘Pre-Tax’ and ‘Post-Tax’ Mean? And Why Should I Care?

Almost every article you read about retirement savings brings up the terms “pre-tax” and “post-tax” savings, often throwing the ideas out there with no real explanation of what they mean or why they’re important. I know that the first time I encountered those terms, I was pretty unclear as to what the big deal was, too, or even why I should care at all.

So let’s start from the beginning and work through what those terms mean and why they really should matter to you as you think about saving for retirement.

Most people have a few options out there for saving for retirement. You can, of course, save your money in an ordinary savings account if you’d like, but doing that means that there’s no extra benefit in terms of your taxes.

Some people have access to a retirement plan through work, often called a 401(k) or a 403(b) (if they work for a nonprofit) or TSP (if they work for the government) – there are a few other similar plans. Outside of that, people who want to save for retirement have the option to open a traditional IRA.

All of those plans have a few things in common.

First of all, when you put money in there, you do not have to pay income taxes on that money that year. Let’s say you make $50,000 this year and you decide to put $5,000 into your 401(k). Rather than paying income taxes on $50,000, you’ll only have to pay it on $45,000 of your income. This is why, when you put money into this plan, it’s called “pre-tax” money – it comes out of your pay before taxes are calculated.

“Big deal,” you say? Well, let’s say you’re a single person making $50,000 a year. If you don’t contribute to your 401(k) plan at all, you’re going to owe $5,719 in federal income taxes. However, if you contribute $5,000, you’ll only owe $4,744 in federal income taxes.

That’s right, contributing to a “pre-tax” retirement account actually cuts down on the amount you owe. For most people, the effect of this is that, although each of their paychecks will be leaner because of the contributions, it won’t be that much leaner. While some of your pay is in fact going into the 401(k), you also have less going away into taxes, so it means your take-home pay will go down a little, just not as much as your contribution.

That’s the core idea behind “pre-tax” contributions – you don’t have to pay taxes when you put in the money. However, you do have to pay taxes when the money comes out of those accounts when you’re of retirement age. At that point, your 401(k) kind of acts like your employer does now – when you withdraw money from it, it’ll be like a paycheck today in which taxes are taken out before you’re “paid.”

So, what about “post-tax” contributions? In general, that’s what the word “Roth” indicates on retirement accounts. Roth IRAs, Roth 401(k)s – you put your “post-tax” money into those accounts, meaning that it comes out of your paycheck after taxes are collected or, in the case of a Roth IRA, straight out of your checking account. Your taxes don’t go down at all this year.

So why would anyone ever do that? Well, the big benefit of a Roth account is that you don’t have to pay any taxes when you take the money out when you reach retirement age, not even on the investment gains your money earned while in the account. It’s all tax-free at that point.

So, let’s say you’re retired and decide to start pulling $5,000 a year out of your Roth IRA. That’s money that you don’t have to pay any taxes on – it’s all “post-tax” money.

As you can see, both of these approaches offer some benefit over simply putting money in a savings account. If you’re funding a “pre-tax” retirement account – your 401(k) or 403(b) at work or a traditional IRA – then you don’t have to pay any taxes right now on the money you put in, which means your taxes for this year go down. On the other hand, if you contribute to a Roth IRA or a Roth 401(k), you don’t have to pay taxes later on when the money comes out of the account, meaning your taxes for that future year go down.

A savings account, on the other hand, is funded with post-tax money, which doesn’t help you this year, and you have to pay taxes on any interest that you gain along the way.

Now, both IRAs and 401(k) accounts have some restrictions on withdrawals, the big one being that your withdrawal options are very limited until you hit a retirement age of 59 1/2 (or can provide clear proof that you’ve retired earlier than that), at which point there are almost no restrictions on withdrawals. In other words, if you’re actually saving for retirement and use the account for that purpose, it’s not a big deal.

So, now the big question becomes whether it makes more sense to invest your money in a “pre-tax” retirement account or a “post-tax” account. Is it better to pay your taxes on that money this year and then have tax-free income in retirement? Or is it better to reduce your taxes this year but have to pay taxes on that money when you retire?

The honest truth is… I don’t know. That’s because there’s one giant unknown that reigns over everything: We don’t have any idea what tax brackets will look like in the future. No one really knows what the tax rates will be in the future for anyone. Will they be higher? Will they be lower? Will they be lower for low-income people and higher for high-income people? It’s honestly impossible to predict.

The only idea I feel pretty confident about is this: The lower your income is in retirement, the lower your tax rate will be. The United States has used a progressive tax system since they started doing income taxes. A progressive tax system simply means that the less income you have, the lower your percentage tax rate is. While it may become less progressive (meaning the tax rates between poor and rich become closer together) or more progressive (meaning that the rates become further apart or that there’s a much higher cutoff before people have to start paying taxes), I think it will still remain true that a higher income means a higher tax rate.

Given that idea, I can make a few general recommendations that, while probably not perfect, are very likely to get you in the right account.

To put it all in a nutshell, the higher your salary is, the better a “post-tax” retirement plan looks. That’s because the higher your salary is, the higher your taxes are going to be this year and the less likely that your tax rate in retirement will be even higher.

In short, if your salary is an entry-level salary or one that you realistically expect to get much higher later in your career, a Roth IRA or a Roth 401(k) is better for you right now. That’s because you’re already paying a low tax rate today, so you might as well take advantage of that. Sure, you might find out in retirement that your tax rate is even lower, but it can’t be much lower and it certainly can be much higher.

On the other hand, if your salary is pretty strong and you don’t anticipate enormous jumps in salary in the future, contributing to a normal 401(k)/403(b) or a traditional IRA is probably better for you. That’s because you’re paying a high tax rate today, so you’re going to want to reduce your taxable income today. Sure, you might find out in retirement that your tax rate is even higher, but it probably won’t be much higher and it certainly can be much lower.

There’s one minor factor that trumps all of this, though: employer contributions. If your employer is matching your contributions to one of your retirement savings accounts, the value of that extra employer contribution money is going to blow away any tax benefits. It’s not even close. So, if employer contributions are on the table, ignore all of this and chase those contributions. They’re going to be worth more than the tax benefits even in the craziest of situations.

So, here’s the take-home message: If your income is low and you expect it to go much higher, use a Roth. Otherwise, use a 401(k) or 403(b). Above either option, though, is employer contributions – do what you have to do in order to get all of those contributions. Follow that simple recipe and you’ll make a very good choice for retirement.

Related Articles:

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No License? No Problem. Here’s When You Can Fish for Free in Each State


Gone fishin’?

… Not if you don’t have a license.

Whether you’d like to try fishing for the first time, or are an experienced angler who wants to take a friend or family member out on the water, you’ll be happy to learn free fishing days will soon be upon us!

When Can You Fish for Free?

National Fishing and Boating Week is June 4-12.

And in conjunction, many states will host free fishing days.

On these days, you can go fishing on any public body of water — without having to purchase a license.

Here’s a state-by-state list for 2016, courtesy of Take Me Fishing:

free fishing days

Free fishing days for Nebraska, Ohio, Rhode Island and South Dakota have already passed this year.

But, unless you live in one of those states, you basically have no excuse not to go and catch your dinner.

If you don’t have your own tackle, ask local outfitters about renting it — or go with an experienced fisher-friend.

You should also check your neighborhood newspaper or boating-supply store for fun events celebrating the week.

Or, just head to Walmart.

In partnership with several fishing organizations, the retailer is hosting more than 1,000 #ReelFun fishing events, where “people of all ages and skill levels can learn tips on fishing tackle and techniques firsthand from expert Fishing League Worldwide anglers.”

You can enter to win prizes, and will “receive a free digital subscription to FLW Bass Fishing magazine and a free protective fishing license holder just for stopping by.”

Just get out there — because, trust me, there’s nothing better than the feeling of yelling “Fish on!”

Your Turn: Will you take advantage of free fishing days in your state?  

Susan Shain, senior writer for The Penny Hoarder, is always seeking adventure on a budget. Visit her blog at susanshain.com, or say hi on Twitter @susan_shain.

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This Guy’s Weekend Side Job Helps Him Earn Over $2K Each Summer

With over $60K of student loan debt, I now wish I’d managed my money better.

I’m a 24-year-old, full-time plastics engineer at a manufacturing company. I like to make extra money on the side for the sole purpose of getting the weight of these loans off my back.

I have no plans of sticking with the standard 10-year payment plan; my goal is to have my loans paid off within the next few years. I pay about $500 a month right now and aim to double down on my student loans in the summer months.

Thankfully, I have a great job making extra money in the summer: caddying. And for the last 10 years, I’ve spent my summers on the golf course.

How I Became a Caddie

When I was younger, I wasn’t really a fan of golf. My mother heard about job openings for caddies at the local country club from her friend, so my twin brother and I gave it a try.

I will say, you MUST be a morning person for this job. Since the age of 14 — usually the minimum age to caddie — I have adapted to waking up at 5 a.m.

Country clubs usually have a one-day orientation for new caddies: You watch a few videos and walk the course to get to know the surroundings. (Typically, there are only one or two orientation classes in the beginning of the season.) Then, each person takes turns caddying one or two holes.

You learn where to stand when the golfer is putting, the layout of each green and how to read putts. Also, how to rake sand traps, replace divots and a few golf terms, if you don’t know them already. Finally, you take a small quiz at the end of the class (impossible to fail) and once you pass, you can show up and wait on the list to caddie a round of golf.

After I was trained, I was ready for my first round.

It was actually a tournament, so I was a little nervous. I ended up being a forecaddie for a foursome of golfers; this is much easier than what a regular caddie does because you don’t have to carry clubs or help with decision-making, like club selection. At the end of the four-hour round, the golfers paid me $100!

A hundred bucks for standing on the back of a cart, watching golf, cleaning clubs and holding a flag while putting? SOLD.

Now, keep in mind, I got very lucky my first time out. Most rookies only start out with one golf bag per golfer; you have to build your way up to two bags at a time. So, my first year was mainly single bags, but I had a few double bags as well.

The typical rate in the mid-2000s was $40-$50 a bag, which works out to $10-$12.50/hour. Pretty good for a 14-year-old!

The cons? You had to arrive early and, unless a golfer requested you as a caddie, it was first-come, first-served. So, if you were fifth on the list, you would have to wait at the “caddyshack” until a group of golfers wanted a caddie.

But, back as a teenager, I would easily rake in $2,000-$6,000 each summer before school was back in session.

How a Caddying Job Changes With Experience

Now, a decade later, I typically average around $70 a bag.

After building a good reputation for 10 summers and hanging in there all those mornings — sometimes not even getting out on the course — I make around $35 an hour or $140 for two bags (usually four-hour golf rounds). The great thing is, all pay is under the table (though the IRS requires you to report miscellaneous income) and you get the cash right after the round!

The country club informs golfers of the recommended tips. At my club, there are three levels of rates: $45-$55 for a beginner caddie, $55-$65 for intermediate and $65-$80+ for advanced. Outside of tipping, there is no hourly rate.

Experience definitely plays a role, as you need to be good at reading putts and determining yardage remaining from the ball to the pin. You can advance up the ranks slow or fast, depending on how many times you show up to work and how well you perform.

Now that I work 40+ hours a week as an engineer, I try to keep my weekend mornings open.

If I reserve a weekend, I can pocket, on average, an extra $250-$300. If I work both Saturday and Sunday, that’s 32 hours a month — which could mean an extra $1,000-$1,200!

The Perks of Being a Caddie

In addition to the money, a great perk of caddying is networking. You have the opportunity to meet different golfers and learn about their careers… even possibly land an internship. I saw this happen with a few of my friends.

Also, some golfers have pretty cool connections. On a normal workday, one of the members strolled up with several cars — it happened to be the entire band and stage crew of Dave Matthews Band! I caddied for the sound and lighting engineers, and they were a cool bunch of guys.

An added bonus to caddying is you get A LOT of exercise! Plan on walking five to seven miles per day — depending on the course length — and carrying between 10-30 pounds per bag on your shoulders.

How to Get a Caddying Job

Nowadays, caddie programs are definitely harder to come by.

With technology (think: GPS devices that tell you the distance from your golf ball to the flag pin) and golf carts, Americans are adapting to “easier” transportation, instead of being active and walking. Many public golf courses don’t have a caddie program and only use golf carts.

Older, private country clubs have well-established programs. There aren’t many of those left, and they don’t really advertise openings for jobs… it’s more of a word-of-mouth thing from friends or members of the club. The caddies there usually don’t want to tell people about opportunities because it could mean less work for them.

If you’re interested, I’d suggest researching the country clubs in your area to see if they have caddies. It doesn’t hurt to ask and give it a shot!

Thanks to this side hustle, I plan on putting the extra $2,000-$5,000 I’ll make this summer toward my student loan debt. By doing so, I’ll hit my goal of paying off my loans in four to five years — maybe even sooner.

Your Turn: Have you ever worked as a caddie? Would you be interested in this gig?

Chris Desmond was born and raised in Pittsburgh, Pennsylvania. He’s a full-time plastics engineer and enjoys running, kayaking and spending time with friends in the city. He’s also a big Pittsburgh Pirates and Penguins fan!

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First-time buyer activity soars

House sales to first-time buyers have risen to a two-year high, according to the latest research.

House sales to first-time buyers have risen to a two-year high, according to the latest research.

The First-Time Buyer Tracker from Your Move & Reeds Rains has reported a surge in transactions from first-time buyers: 32,300 first-time buyers bought a home in April 2016 – the highest figure since June 2014.

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4 Easy Steps to Help You Save More Money — and Time

Ever spend a whole Sunday afternoon clipping coupons?

Or maybe, like me, you’ve whiled away three hours searching for the very best deal on some fairly minor purchase.

We’re Penny Hoarders, so we admire your tenacity. But like the old adage says, time is money — and it’s not going to do you much good to save one at the expense of the other.

In fact, if anything, your time is more valuable than your money: You only get 24 hours each day. You can’t make more of it.

How to Save Money Quickly

While we’re certainly not suggesting you shout “YOLO!” and ditch your budget and savings plan entirely, there is one way to ensure your savings tactics are as time-efficient as possible:

Figure out your biggest expenditures and focus on big-picture ways to cut them down.

Skipping lattes is great — depending on the seriousness of your caffeine addiction, you could save something like $100 a month.

But that doesn’t even come close to the kind of savings you get by, say, cutting your grocery bill in half.

Or figuring out how to do away with that monthly mortgage payment.

Ready to take your savings game to the next level? Here’s what to do.

1. Figure Out Where You Spend the Most Money

First things first: You need to know where your money’s going. That’s the only way you’ll be able to identify what areas you spend the most money in.

A fairly simple way to do this quickly is to use a budgeting app, like Mint, that lays out your total expenditures in an easy-to-read, most-likely-fear-inducing pie chart.

For example, see TPH senior writer Susan’s Mint budget below — she’s our resident travel geek, so that category is overrepresented in her case!

how to save money

If you’re like most Americans, your largest spending categories will be housing, food and transportation — although your individual case will vary based on your age, income and location.

For instance, if you live in New York City or San Francisco, it’s pretty unlikely you’re sticking to the famed 30% rule when it comes to how much you budget for housing each month — although experts speculate that figure might be out-of-date anyway.

But when you see your expenses laid out, you’ll know exactly where the majority of your paycheck is going.

And you’ll also be able to notice if you have any outlier categories — say, an expensive hobby or, like Susan, a penchant for travel.

2. Figure Out What You’re Willing to Cut

Here comes the hard part.

If you need to save money, be it for retirement, to pay off debt or for some big-spend goal like buying a house, you’re going to need to cut your expenses.

Focusing on the biggest slices of pie in your budget chart means your sacrifices will make more of an impact… so figure out your top three to five categories where you’re willing to make serious slashes.

This advice comes with a caveat: If something’s legitimately important to you and makes you happy, by all means, spend money on it… so long as it doesn’t put you in debt or derail your longer-term money goals.

But if a huge chunk of your paycheck is going toward an expendable, unnecessary good — like new clothing — you should at least consider how much you could save by making a cut, even if only temporarily.

For instance, when I analyzed my finances, I discovered I was wasting a shocking amount of money on what felt like just a drink or two a week with friends. It was easy enough to invite them to my house for a drink instead — and besides, I make a pretty mean Old Fashioned.

But it’s up to you to weigh your options and make the call. Even something that seems frivolous, like keeping your threads trendy, might be a worthy investment if you’re a fashion blogger, for instance.

3.  Make Cuts as Efficiently as Possible

All right. Know where you’re willing to make some changes?

Here’s the time-saving part: Make sure to choose cuts that make a significant difference, or ones that don’t require you to think about them more than once. Ideally, they should meet both those criteria.

Let’s start with housing, which includes utilities.

Sure, you’ll save a modest amount on your living expenses by unplugging your appliances before you leave the house each day. But that’s an extra five minutes every single morning walking around and pulling those cords.

Want to really save some cash?

Try negotiating your rent, or move somewhere where the rent is significantly cheaper. Heck, there are even cities that will pay you to live in them.

The move itself doesn’t have to be expensive, especially if you’re willing to part with some of your stuff — and the long-term savings could far outweigh the headache of packing everything up.

You could also offset the price of your housing by renting out your spare room with Homestay or AirBnB, or try any of these 10 ideas.

Most of these options only take up your time, energy and effort once: Set it and forget it.

Next, let’s look at that grocery bill.

After all, it’s one of the most variable line items in your budget — a family of four could spend as much as $1,287 per month or as little as half that amount, according to the most recent report from the USDA.

Instead of stalking the circulars for coupons — or maybe in addition to that — you can save a ton of money on your groceries just by getting into certain habits.

For instance, choose the cheapest grocery store in your area instead of the fancy supermarket. If you live near an Aldi or a Trader Joe’s, those might be a good place to start.

Of course, which store is cheapest will depend on what you, personally, buy. I shopped for the staples on my list at three different stores and ran a comparison to see which one had the best deals overall, and I’d recommend you do the same.

It’s easy. Just make a list of the items you buy on a regular basis, and take it to whichever stores are close enough that you’d be willing to shop at them each week.

Write down the price of each item to see where it’s cheapest, and then figure out which store wins the most comparisons. Then, shop there.

There are lots of other ways to hack your grocery savings so you spend less without thinking about it.

For instance, figure out which day of the week your chosen store has sales — and shop on that day.

Or, try shopping with a basket instead of a cart — you’ll be less likely to grab impulse buys if you can’t carry them easily. Here are five more no-brainer ideas.

Oh — and although it’s a smaller savings, another quick, easy, one-time-only savings hack? Get Netflix for free.

Boom. Done.

4. Rinse and Repeat

Expenses regularly change. Your rent might go up or your favorite discount grocery store might close its doors.

Re-evaluate your spending categories regularly, and make sure your budgeting efforts are still optimized to help you reach your goals.

Once you get everything set up, it doesn’t have to take very long at all. Here’s how one of our staffers manages her finances in just 15 minutes every month.

By making big savings as efficient as possible, you can save your money while saving your time for something way better…

Like making more money.

Your Turn: What are you saving for?

Jamie Cattanach (@jamiecattanach) is a staff writer at The Penny Hoarder. Her creative writing has been featured in “DMQ Review,” “Sweet: A Literary Confection” and elsewhere.

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Do You Have the Right Personality for a Direct Sales Position?

By Rivka Slatkin So you’re looking into a Direct Sales/Network Marketing opportunity? You’re not the only one, you know. Especially now, in this new economy, it has been said that Americans are now becoming dual income families. Not that both the husband and wife each work, but that each of them has two jobs! Let […]

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Mobile users can now send a text to opt out of cold calls

Mobile phone users can send a free text message to opt of unsolicited sales and marketing calls from today.

Mobile phone users can send a free text message to opt of unsolicited sales and marketing calls from today.

The new service, which has been launched by the Telephone Preference Service (TPS) and regulator Ofcom, enables mobile users to add their number to the UK’s official ‘do not call’ database.

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