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Personal Finance

10 Mindsets that are Stopping You

These are the mindsets that are stopping you from becoming a savvy consumer and super saver

1. Everything works out

The easiest of all cop outs is the “Everything will work out” excuses. Happy endings in all parts of life do come but most of the time these endings only take place when being worked upon. Everyday it takes effort to meet a goal or practice a habit. Hoping and trusting in the universe is a very easy mindset to have that won’t get you far.

2. I will tomorrow

The person you think you will be tomorrow, will come up with the same excuse for the next day. It’s time to be honest with yourself and ask if you are putting off the hard things for another day, with another more productive and passionate you. You’ll never feel like doing it any way so might as well get it done today!

3. If I work hard, I’ll be wealthy

Not the worst mindset to have but it is still avoiding the fact that everyone needs to be in constant control of their finances. Work, side hustles, passive income are all great ways to build your wealth. However keeping an organized budget, watching your spending and also constantly using your hard earned money to make money need time and attention too. Also, employers love hard working employees who never seem to care when their next raise is coming. Don’t waste your life away working for the man only to be passed up because you aren’t also chasing wealth. Not asking for more won’t guarantee you a higher paycheck. You have to go in and ask. Show them all that hard work you are putting forth!

4. It will happen for me naturally

Growing up, becoming an adult, hitting a certain age does not guarantee that you will be good with money. I know adults who still can’t take care of their own finances because they just assumed it’s something that comes with age. No one is going to give you a hand out. You have to take charge of your finances today and continue to learn throughout your life.

5. I don’t know anything about finances

Fine! Go learn. Seeing finances as someone else’s job or interest is not okay. It needs to be a part of your life or else you will be taken advantage of down the road. Do not run from money talk. Dive into it! All that hard work and hours at the office should be taken seriously and so should your finance knowledge.

6. I’m Carefree!

Sure, it’s fun to not care. Non of us want to turn into greedy, money hungry cheap-o’s but goals need direction. Stating that you are carefree is showing that you have no money goals. Which is fine, but thinking about money is thinking about the future. And your future self will thank you.

7. It’s my family, friends, situation

It’s true. These details can effect your life. There is always a reason to live an easier more comfortable life but at the end of the day we are all fending for ourselves. Put yourself first and know your limits. Learn to say to family, friends and situations that will only hurt you.

8. When I’m Older/New Year

This is a tough one. I think the truth is, is that we are never really ready for anything. New job, buying a home, moving to a new city, starting a family. It is easier to push something off hoping that you will one day be ready but we are only pushing off the inevitable. You are already old! Time to act.

9. I know everything

Only the dumbest people believe they know everything. Take everyones advice with a grain of salt but never stop being a listener.

10. It is what it is

Sometimes you have to accept a certain situation and know that it is out of your control. When it comes to your wealth, it is usually in your control. Sure you HAVE to pay for a phone plan, gas, utilities, but can you call your phone provider and ask for a better plan? Find cheaper gas? Look at energy saving programs? Usually there is more options then you know of and it isn’t “it is what it is”

Agree with me? Share your comments on the mindsets that are stopping you right now and how your work through the excuses!

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BBFYB Fast-Casual Burgers under $8

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Biggest Bang: Fancy Cocktails

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Categories
Food

BBFYB Fast-Casual Burgers under $8

Best cheeseburger you can get for under $8.

The Habit  $4.05

The Santa Barbara-based burger shop that has taken So Cal by storm has a medium-sized menu from fancy salads to battered onion rings. The Habits Charburger is a 260-gram patty with caramelized onions, crisp lettuce, tomato, pickles, and mayo. The Habits Cheeseburger comes as American Cheese and White American Cheese. The Burger patty is fresh and never frozen made with 100% pure ground beef ingredients that fully comply with all USDA and FDA standards.

In-N-Out  $2.40

Another fresh, never frozen California based patty comes from the famous In-N-Out. At $2.40 this Cheeseburger is a steal but what you will notice is the smaller portion size. In-N-Out has had about the same simple menu since 1948, and that includes the smaller portion sizes. Most hungry men get the double-double, but the single will fill you up. In-N-Out will leave you happy and still feeling decently light since it is a smaller sized burger. The fresh patty is 100% USDA ground chuck and is delivered to locations straight from the patty-making facilities. In-N-Out locations are only added to the map if a patty facility is close by. Add the house-cut fresh French fries that are prepared in 100% sunflower oil for only $1.60 more!

Shake Shack  $5.29

Shake Shack has a unique burger with a sauce that will make your taste buds sore. I would advise being wary of the fries, not only are they costlier than the other options but the crinkle-cut fry is also dry and tastes like an Ora-Ida fry that your mom used to bake in the oven after school. So Shake Shack has an amazing sauce and juicy burger that is formed in house, which is obvious when looking at the misformed shape, but the other unique feature is the half sliced bun. My guess is this is designed to keep all of the juices and flavors inside the patty/bun, but it can also create a soggy bun. The ShakBurger has a unique prioritized blend of freshly ground and 100% all-natural Angus Beef. The restaurant does do its due diligence in keeping out hormones and antibiotics from the meat and uses a non-GMO potato bun. Be prepared to have a larger bill when making your way to Shake Shack.

Five Guys $7.69

Welcome to the world of Five Guys. Peanuts on the floor and pricey burgers to-go. One thing I can give to five guys is that their hand-cut fries are great. The fries are cooked in pure peanut oil and cost a whopping $4.19. The cheeseburger is two freshly grilled 94-gram patties, melted with Kraft cheese in between on a regular toasted bun. Five Guys also uses fresh patties and no freezers. There is a normal range of free toppings to add to the burger if wanted. These cheeseburgers are doubled, and cheesier than the rest but the price does follow. Five Guys does offer a Little Cheeseburger at $5.69 which is still double the price of In-n-Out’s cheeseburger.

Conclusion

The Biggest Bang for your Buck for a fresh cheeseburger from a Fast-Casual restaurant would have to go to the original In-N-Out Burger. The Worst Bang for you Buck is the Five Guys double patty burger which is triple the price. Do you agree with this list? Let us know in the comments your thoughts!

Categories
Personal Finance

8 Reasons You Are Already Behind

  1. Debt

Imagine taking two big steps, now take three steps back. This can be what it feels like to live with debt. I’m sure you have heard the first step to financial freedom is to pay off your debt. Or you have heard to use your debt. However, to keep your life and financials simple it is best to be debt free as soon as possible. Having debt in the form of credit card payments, car payments, student loan payments and more close more doors then you realize.

2. Spending Habits

Photo by Suzy Hazelwood on Pexels.com

2. No Tracking System

3. Your’e afraid of having a goal

4. Not investing

5. Subscriptions and monthlies

6. Everyone else is working harder

7. “Just going to happen” mentality

8. You’re not asking for more

9. You don’t want to learn

10. Not checking your bank accounts

Categories
Alcohol Food and beverage

Biggest Bang: Fancy Cocktails

Find your Biggest Bang for your Buck at the Fanciest Bar in Town

It’s a Friday night, time to go out with the girls to that new cocktail hipster bar. The one with the incredible decorations and charming waiters. In these alternate realities, buying one drink for $16 is reasonable and expected. Although, you may have plenty of cash in your checking, there still is a part of you that will hurt when seeing the $16 drink in a tiny glass with a 2-inch ice cube taking up more volume than the liquor. Have confidence when the bartender passes you a sleek and elegant cocktail list and order the biggest bang for your buck.

Let’s find the BB4YB cocktail that will not only make your wallet happy but you a little tipsy.

The Old Fashioned $9.00

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Considered one of the most popular cocktails in America, the Old Fashioned can seem very strong but in actuality it is the least costly whiskey-based cocktail for the bartender to make. The classic ingredients include simple syrup, water, bitters, bourbon whiskey, ice and an orange slice. The Old Fashioned typically has a 13.8% pour cost while having a high sales rate. If a bar isn’t capitalizing on Old Fashioned’s then it must have missed a day of school in cocktail profits. What does all of this mean to the typical Friday night consumer, well your BBFYB might be found on another page of that leather-bound cocktail book.

Moscow Mule $10.50

Moscow Mules have become very popular for cocktail menu’s and are usually placed on the first page or the top because of the familiarity they have with customers. However, the Moscow Mule has a very low pour cost to the bartender and is also priced higher than other cocktails. The signature copper mug and refreshing taste is satisfying to most customers but in actuality, the customer is receiving less liquor and more pazazz than they realize. The simple three ingredient cocktail is a breeze for most bartenders and the ginger beer can easily over come a lower quality vodka, just saying. Next time you’re at the bar check to see if the Moscow Mule is featured more than others! It’s most likely located on the first page, happy hour menu or the top listed cocktail. In other words, definitely not your biggest bang!

The Manhattan $12.50

Finally, a cocktail that is worth our dollar. With one of the highest pour costs to the house, the Manhattan can be quite a banger for a consumer. Paralleling to the ingredients of the Manhattan, the cost can be higher than other cocktails. Ingredients for the common Manhattan are bourbon or rye, sweet vermouth, Angostura bitters, orange bitters, and a brandied cherry. Bars are not looking to sell out of Manhattans and they will rarely make a happy hour menu but if this is your type of drink then it is always a good choice.

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Negroni $11.00

Classic. Italian. Gin. Here is a zesty cocktail that will sneak up on you. With ingredients of gin, campari, sweet vermouth and orange, the Negroni can be refreshing, alcohol heavy and worth your money. With an increase in interests in bitters the Negroni has grown in popularity and is usually priced with top-shelf spirits. Watch out for up-charges and expensive premiums for this trendy cocktail.

Margarita $8.00

This classic cocktail can be a great Friday night investment. With tequila being the main player, most Margarita’s are not the most profitable drinks for a restaurant. As long as you stay on the lines of a traditional, classic or Cadillac Margarita you will be winning. Once flavors like strawberry, watermelon and pineapple start to mix in, you will see your profit margin falling and the bar manager’s growing.

Note: Always go with an “on the rocks” Margarita. The frozen mixes can cut the alcohol potency nearly in half and dilutes a drink more than stirring does. Don’t be a tourist and order a frozen strawberry margarita in a 1’inch thick glass goblet!! Come on! 

The Last Word

When picking a cocktail out from a 5 star restaurant or a smokey speakeasy, it can be helpful to have pour cost in mind. However, there are many attributes that go into a great cocktail other than the restaurants profit margins. It is also important to look for unique ingredients or twists on classics, the skill and labor of the bartender, quality of the liquor, type of glass it comes in, elaborate garnishes and of course the taste. Always pick a drink that you expect to enjoy, especially at the beginning of the night. By the end, its not a horrible strategy to switch to cost-friendly and low-alcohol mixed drinks/cocktails to ensure tomorrow will be agreeable.

So what is the Biggest Bang for your Buck Cocktail? Well, skipping over super boozy drinks like Long Island Ice Tea’s, Mai Tai’s, and Jungle Juice. The fancy, classy and oh so worth cocktail is the classic Martini. With an option of gin or vodka, the Martini can be a very alcoholic drink since made with 100% alcohol. Most Martini’s come with a low-alcohol content vermouth which can always be removed, making it a Bone Dry Martini.

Martini $12.00