Get Organized and More Efficient By Going Paperless

By MoneyBlueBook

We're in the new millennium people! The internet age is already in full swing and I think it's time for everyone to start embracing the advantages of new technology. For important document archiving and preservation purposes, it's time to migrate from dinosaur paper technology and move into an all digital and electronic format.

If you don't know how to access all of your bank and credit card accounts online, now is a good time to start learning how to. There are so many benefits to going fully electronic. Storing and accessing your account information online gives you instant and accurate data at your finger tips without having to wait for them to arrive through snail mail. The information you can get online is always more accurate and precise, as they are frequently updated on the spot as transactions occur.

By going paperless you can also reduce clutter. Before I went electronic, my postal mailbox was always being jammed with bills, statements, and all sorts of financial junk mail. My desk frequently had stacks of papers that just seemed to grow higher and higher. Going digital helped to cut down on the chances of losing something important in the mail or accidentally misplacing it somewhere at home or at the office. However, embracing paperless storage does require a reasonable amount of trust and faith in the reliability of technology.

I Organize My Paperless Financial Accounts Using An Online Aggregation Service

For all of my credit cards, bank statements, utility bills, and miscellaneous payment obligations, I no longer receive any

By MoneyBlueBook

You never know what life will chuck your way, so you should always be prepared for anything. If you keep your finances and paperwork in order, you'll be in better shape to handle anything unexpected.

A few nights ago I received a sudden flurry of phone calls and e-mails from family members with sad news. My ailing grandfather, who had been bedridden in the hospital for more than a year due to a stroke, suddenly took a turn for the worse and was nearing his end. As the oldest grandson, I had a familial duty to be there. But since my grandfather lived overseas, getting to him at a moment's notice wasn't going to be easy. Things started to get hectic immediately as I began to make plans to fly overseas to join my parents at my grandfather's side as soon as possible. I wish I had anticipated earlier and made better preparation for the unexpected.

Here is how you can stay ready and avoid the chaos that follows an emergency situation:

Keep Important Documentation Up To Date And At the Ready

If you have family in another country, including Canada and Mexico, make sure your passport is valid and ready for travel at all times.

In my case, I had one major problem. My U.S. passport had only one more month before it expired. Since most countries require that your passport be valid at least 6 months beyond the date of your trip, I would not be able to travel internationally unless I got it renewed as soon

By MoneyBlueBook

Yodlee is a terrific online account consolidator and aggregator tool. But whenever I try to explain to some people the many benefits of using a service like Yodlee to aggregate their bank, credit card, and reward account information into one easy to access source, I encounter the skeptics. The skeptics are quite the interesting techno-phobic bunch. They generally fear losing control of their accounts and fear putting all of their account login and password information into one basket. The skeptics fear account aggregation technology because they worry that it will somehow make their lives more complicated and they worry that it will allow hackers and identity thieves easier access to their private accounts. Well I'm here to put those worries to rest. Account aggregation tools like Yodlee will make your life much easier and will help to make your other accounts more secure.

How Does Yodlee Keep My Account Information Secure?

Yodlee has indicated that their service operates under a very secure network infrastructure that combines sophisticated intrusion detection methods with firewall and physical protections. Yodlee has partnered with many large and established companies such as Citibank, Fidelity, Bank of America, and Wachovia. I think we can be assured that Yodlee has passed the initial basic credibility test of ensuring customer privacy and confidential information.

However, although Yodlee will do its part to ensure that your account login and password information is completely secure, it is your own duty to make certain that you keep your master Yodlee login and password information in a secure location and

By MoneyBlueBook

Over the years, I've accumulated an assortment of bank accounts and investment brokerages that store my money, and a wide array of credit cards that handle my transactions. I also have this money saving habit of signing up for every frequent flyer, hotel, and shopping reward portal options available to me. With so many accounts, I found it cumbersome and difficult to keep track of all of my account login and password variations.

Thankfully, someone had the ingenuity and brilliance to create a tool to manage this mess. To organizing my finances and accounts, my preferred tool is Yodlee (very cool name). It's a popular online account aggregation tool that allows users to combine all of their bank, investment, loans, bills, and even reward accounts in one place. You give them all of your logins and passwords to your financial accounts, and it logs into all the sites for you. It lists all of your assets and liabilities, and computes your net worth. In the end you have a real-time view of all your balances and recent transactions, all neatly on one page. Yodlee offers its aggregation service through its own website, but I found their original version to be rather ugly and disorganized. Ironically, you're better off using a Yodlee powered version through another company.

Fidelity Investment Full View

You can access Yodlee's technology through its clients and partners. I currently receive my Yodlee powered account aggregation service through Fidelity Investments' Full View and I find

By MoneyBlueBook

Are you like me? Do you keep idle cash sitting in your investment brokerage account while waiting for a juicy investing opportunity to come along? If so, you might want to make sure that idle cash is getting the best interest rate it can.

The stock market's been volatile lately so I've chosen to park a sizable amount of cash in my primary investment account as I wait for the right buy opportunity. But if you're like most people who adopt an old fashioned buy and hold strategy, you might not realize how low of a return you are getting on that idle cash. Your cash pile may be missing out on some great opportunities as it sits parked in your brokerage account. That's because many brokerages only pay you a pitiful rate of return on idle cash by default. Oftentimes, brokerages pay an interest rate as low as 1%, while they make a bundle by investing your money for themselves.

Upgrade to a Higher Interest Rate Money Market Account

If you want a higher rate of return you must ask your brokerage because usually most deposits are automatically swept into a low interest holding account by default. If you don't contact them and ask, they have no particular incentive to let you know that you have higher interest rate options for your idle funds. For starters:

By MoneyBlueBook

This topic has been discussed and debated by many in the financial community and is regarded as controversial by some. Numerous bestsellers have been written on the subject.

Traditionally, when it comes to making money, most people share the same mentality - "If I work harder in my job, put in more overtime hours, I'll get ahead and make more money." Unfortunately, no matter how many hours they put in, they'll forever be constrained by the laws of nature. There is only a finite number of hours you can work in a day during which you can exchange your available working hours for monetary compensation - essentially, trading hours for dollars, or trading time for money.

The New Approach

The new approach is hard for many to accept as it requires a different understanding beyond what we were taught as children. The new approach places lesser priority on active income and a greater emphasis on passive income generation. Active income would be money earned while putting in your hours sitting at your office desk (trading hours for dollars). But passive income would be money generated from sources such as stock investments, real estate appreciation, rental income, and even advertisement revenue earned by websites that you own. The limitations of the old approach to money are obvious.

You Are Constrained By Time

By trading hours for dollars, you are foregoing time that could be spent tending to other things in your life such as friends and family. You are choosing to spend your time in an office, rather than