Money Savings Secrets: Amazon Prime

MONEY SAVINGS SECRETS: AMAZON PRIME

 

Do you love saving money? Do you love Amazon? If you are anything like 50% of the U.S. population, we are guessing you do! A recent statistic showed that nearly half of U.S. households are Amazon Prime subscribers. While the free two-day shipping may be enough for many to sign up, Prime offers a ton of other money saving benefits (many of which you may not know about). So we have rounded up our top money saving secrets for Amazon Prime. We hope you and your wallet enjoy!

 

1. Save on Groceries:

 

All Prime members already get special in-store deals at Whole Foods, but they also now receive an extra 10% on sale items. Make sure you have the Whole Foods app downloaded and linked to your Amazon account for checkout.

 

2. Get free Books:

 

If your library card gets more of a workout than your ATM you will love this one. Prime members can download a free digital book every month, plus you can also borrow a book each month from Kindle Owner’s Lending Library. This perk is priceless, especially when it can be used to get these books.

 

3. Free Photo Storage:

 

This is one of our favorites! Prime Photos gives you unlimited photo storage- yes..unlimited! This is a great way to organize, store and share photos,  plus you can ditch any other service you have been paying for.

 

4. Earn Shopping Credits:

 

So you don’t really need your order in two days? Even better…select No-Rush Shipping and get discounts and rewards for future orders.

 

5. Free Music Streaming:

 

Prime members also get Prime Music which includes over 2 million songs. Create your own playlist and take your music with you- your membership gets your music on up to 10 devices.

 

6. Watch Free Movies and TV:

 

Prime Video is more commonly known but certainly still worth mentioning. You literally get thousands of free TV shows and movies, so ditch the Redbox and start saving. Plus their original shows are great (I mean, have you ever seen Jack Ryan?!) You’re welcome.

 

7. Free Magazines:

 

Travel + Leisure, Wired, Money, Good Housekeeping, and more…all free with your membership! These digital magazines are available through the Kindle app on any smartphone, tablet or computer.

 

8. Free Samples:

 

Amazon has a sample site that is a lot better than a cart battle at Costco. Some are free, some are not, but even if you pay for a sample you will get a credit towards a future purchase.

 

9. Get Exclusive Deals:

 

As a Prime Member, you get special deals and discounts. 25% off dog food, 50% off sunscreen- you name it- make sure to browse through member deals as they change often.

 

10. Get 2% Rewards with Amazon Reload:

 

Amazon Reload offers a 2% reward every time you reload your Amazon.com Gift Card balance.

 

Who knew Prime had so many perks?!

The question, however,  still remains- is the $119 per year worth it? Analysts recently scrutinized all the perks that Prime membership now offers, and estimated that it is worth $785 annually. We’d say that’s a deal!

Have you used any of these Amazon Prime Money Savings Secrets? Any we forgot? Not yet a Prime Member- not to worry, you can sign up here.

 

Spread the love- Be sure to share this post!

 

Amazon Prime Money Saving Tips

Please note this post includes affiliate ad links -As an Amazon Associate, we earn from qualifying purchases.

3 Questions to ask before making any financial decision

 

Whether it is hiring a financial advisor, picking a mutual fund, or refinancing your mortgage it is a good idea to ask a lot of questions when it comes to your money. However, if you only ask a few, here are our top 3 questions to ask before making any financial decision.

 

What is the investment philosophy?

 

Make sure to ask yourself if the investment makes sense to you. It may be great for 99% of the population but is it a fit for you and your current situation. Does it match up with your risk tolerance and timeline?  Really take the time to contemplate this.  Further, do you understand it? Or is it too complex? Understanding this will help move you forward in a meaningful way.

 

Do I trust the person giving the advice or offering the investment?

 

Simply put, what is your gut telling you about who is behind this. What is the person’s credibility and credentials? Was it your cousin Eddie spouting off a stock tip at the family reunion? Or a longtime friend and financial advisor who has been in the industry for years? It may seem like a no-brainer to ask this question, but it is sometimes easy to get caught up in the hype of the product and the potential returns.

A quick way to tell if an advisor truly has your best interest in mind is if they are CFP® (Certified Financial Planner)- learn more on that here, but in short, it means they are a true fiduciary and must have your best interest in mind regardless of commissions. Trust is so important, don’t take it lightly.

 

What is the downside risk, and can I afford it?

 

What can you stand to lose? Sure, look at what the potential of the investment is, but don’t ignore the risk. Make sure the amount you invest matches your risk tolerance. The old saying stands true here- “Don’t put all your eggs into one basket.”  Before you make an investment decision know the risks.

Short and simple, those are the top 3 questions to ask before making any financial decision!

Are you considering an investment and aren’t sure if it is right for you? Asked these questions and are still unsure? We are here to help…just give us a call.

 

10 Books for a Better Money Mindset

10 Books for a Better Money Mindset

 

The list of personal finance and investing books is pretty extensive. This is not that list. While those books can be helpful, many get very technical, and if your mindset isn’t in the right place to take in that knowledge – what is the point?  Plus, technical knowledge alone won’t lead you towards a wealthy and rich life (financial or otherwise). A lot of what holds people back from success are their thoughts and beliefs about money. 

 

 

 

What stories do you tell yourself about money?

 

For some, and as society has come to reinforce, is that money is the root of all evil, or that rich people are greedy, or some other negative belief along those lines. Living with a negative or scarce mindset will never lead you to a positive or abundant life. In fact, research shows that one of the BEST predictors of success in life is one’s mindset.

 

Get your mind right, get your life right!

 

So then, what is this list? This is a list of books for a better money mindset.  Some talk specifically about money, others don’t, but all should spark something in your mind and help you view the world, and your money in a different and more positive way.  Let’s get to it!

 

 

1. Mindset by Carol Dweck

 

This is an obvious first choice because, well, this book is THE book about mindset.  There are decades of research behind this book that gets translated into specific, actionable, and tangible detail. Dweck has a very compelling view of why we should look differently at failure and learning. Further, this book helps you to evaluate if you are approaching your money from a fixed or growth perspective. There is a huge difference, which is why I recommend this book.

You can pick it up here.

Books for a Better Money Mindset

 

2. Start with Why by Simon Sinek

 

Simon Sinek is a genius when it comes to getting to the heart of why you should do something, not how.  Why do you want more money? Certainly, it’s not to have more pieces of paper with dead Presidents on them laying around. Defining what is truly behind your financial goals will help propel you in the right direction. You will discover that money is never really the WHY.

The book is here (or audiobook). Sinek also has a powerful TED Talk around this concept as well.


Books for a Better Money Mindset

 

 

3. The Power of Broke by Daymond John

 

Shark Tank investor and entrepreneur Daymond John was broke with a $40 budget when he was starting his clothing brand FUBU, which today is a $6 billion brand. How is that for bootstrapping?! This book is great for putting money into perspective. It shows that it doesn’t always take money to make money (another disempowering colloquialism that society has)- the book has so many perfect examples of this. Use your lack of financial resources to your advantage. We also recommend this book to those well off because it can reignite a hustle you may have lost along the way.

This is a must-read for anyone- get it here or on audiobook.


Books for a Better Money Mindset

 

4. The Talent Code by Daniel Coyle

 

This book is grounded in science. It doesn’t skip straight to the “here’s how it works, go do that”, instead, it helps you understand what influences the development of your skills and as a result helps you become a better learner in all areas. This book has expanded my mind and it is another great perspective builder. There are practical stories and examples of the concepts. Above all, Coyle shows how all of us can achieve our full potential (and the best money mindset) if we set about training our brains in the right way.

Check it out here, or again on audiobook.


Books for a Better Money Mindset

 

5. Think and Grow Rich by Napoleon Hill

 

This is a classic and one of those books I revisit at least once a year. It is that good. If you haven’t read it, stop what you are doing and read it already.  In fact, I believe this should be required reading for high school students. In the book, Napoleon Hill recounts his research of more than 500 self-made millionaires (keep in mind the book was originally published in 1937) and then he boils down the “secret” to building wealth into 13 principles and reveals “major causes of failure” that hold many of us back from getting rich. This should really be on every list of books for a better money mindset, or self-improvement book list in general.

If you haven’t read it, do yourself a favor and pick up a copy today. Get one for yourself and two more as gifts for a recent grad.


Books for a Better Money Mindset

 

6. The Inner Game of Tennis by W. Timothy Gallwey 

 

I had to convince my wife to read this because she isn’t a huge Tennis fan, she read it and loved it. So, if you are not a  big Tennis Fan either, simply ignore the title and read on.  This book is about how to master your inner dialog. The inner game of tennis theory states that two opposing mindsets are always battling. The first, the “teller” mind which is filled with self-judgments and criticism. This mindset wants to over-control your performance.  The second “doer” mindset is the best mindset for peak performance and happens when you are free and react with your game. You must master both.  Again, master your mind- master your money.

Definitely worth a read. You can pick it up here.


Books for a Better Money Mindset

7. The Millionaire Next Door by Thomas J. Stanley Ph.D.

 

This book examines the lives of unlikely, unexpected millionaires. It goes into the habits, careers, and relationships that shape these people. Some of the material is dated to the 90’s but the concept is still applicable today- especially the principle that wealth is more common than you would think, actually it that might be even more relevant today. There is lots of practical advice in this classic book and one worth checking out.

Available in paperback or audiobook.

Books for a Better Money Mindset

 

8. The Other 90% by Robert K. Cooper

 

I believe there are two main problems with the majority of self-help and leadership books. First, the vast majority of self-improvement books don’t seem to challenge conventional thinking in any meaningful way, nor do they bring about fresh insights. Second, they tend to offer oversimplified platitudes about success. The other 90% goes in the opposite direction.  Dr. Robert Cooper, a neuroscience pioneer, urges us to take a radically different view of human capacity. We are mostly unused potential, he says, employing less than 10 percent of our brilliance or hidden talents. This book provides action steps to develop your full potential in all areas of your life.


Books for a Better Money Mindset

 

9. Unfu*k Yourself by Gary John Bishop

 

I love this book because it offers a no-BS, tough-love approach to help you move past self-imposed limitations. It is a great alternative to cozy, everything is rainbows, self-help books. Beyond the catchy title, it offers practical insights on fostering the will for change, changing your language to serve you, and overcoming analysis paralysis. It drives home the point, quite bluntly, that you currently have the life (and the money mindset) that you are willing to put up with. It is certainly a refreshing read and why it made our list of books for a better money mindset.

Pick up the paperback or audiobook here.

 

10. The Power of Habit by Charles Duhigg

 

Habits around money can either be the most empowering or the most detrimental. This book walks you through everything you need to know about breaking and forming habits that will transform your life, and of course your money mindset. This book is a fascinating account of recent research into habits and worth the time to read it. What cues some of your current money habits? What rewards do you have in place for your good habits? Do you have a plan in place to create better habits around money? This book dives into it all. Change might not be fast and it isn’t always easy. But with time and effort, almost any habit can be reshaped.

The paperback or the audiobook is great!


The Power of Habit - Books for a Better Money Mindset

 

There you have it! Our top Ten Books for a Better Money Mindset. Have you read any of these already? Are there others you would add to the list? We hope you find value in these and that at least one resonates with you in a way that makes you want to intentionally improve your mindset,  because if you improve your mindset- you improve your life!

 

What’s next? 

 

Reading all these books is a great starting place to helping to develop a better money mindset, however, that’s not where it should end. We want to be by your side in your journey. Let’s talk! We offer free 30-minute consultation calls that can help get your questions answered and you pointed in the right direction towards your goals. Reach out to us to set up a call and use the link below for the time that works best for you!

Money Mindset Coach

 

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Books for a Better Money Mindset

Please note this post includes affiliate ad links -As an Amazon Associate, we earn from qualifying purchases.

 

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