Prescription Drugs – How to Easily Save $Thousands.

Are you currently using prescription drugs or know someone who is? If your answer is yes, there is an opportunity to save a lot of money over the upcoming year.

Prescription drugs add to the already high healthcare costs primarily because they are recurring costs. It’s not like a visit to the Doctor, those costs occur infrequently. Prescriptions drug usage, and their costs, goes on forever and the sum of this can be quite high. Big names like Lipitor, Plavix, and Zyprexa can cost hundreds of dollars a month – each. If the cost of the prescription can somehow be lowered, the long-term overall savings can be very significant.

According to Medco Health, around two dozen brand names will be released as generic versions over the next year. It is not uncommon for a generic drug to be as much as 80 percent or more less costly than brand names drugs and they contain the same active ingredients and they also go through the U.S. Food and Drug Administration approval process just like the brand names do.

Do the math: If you are paying $200 per month for a brand name, you could spend less than $40 per month. That would be a savings (money left in your pocket) of $160 per month, $1920 per year and nearly $20,000 over a ten year period. Your savings may be higher or lower depending the amount, types of drugs you are taking and the price reduction of the generic…but I am sure you are getting the idea.

Click on this link to view or download a PDF of the upcoming new generic drug alternatives. Take it with you and talk to your pharmacist and/or your doctor. Also bring your list of medications covered by your health insurance company. If you are taking multiple medications and find an opportunity to switch several, be sure to ask your doctor/pharmacist to review to make sure none of the medicines interfere with one another. Doing the above will prepare you to make an informed decision.

The list from MedCo Health is the complete list, but here are 10 of the bigger brands becoming generics over the next year in date order:

  1. Lipitor, used for high cholesterol – November 2011.
  2. Solodyn, used for acne – November 2011.
  3. Zyprexa, used for schizophrenia and depression – October 2011.
  4. Lexapro, used for anxiety and depression – March 2012.
  5. Geodon, used for bipolar disorder – March 2012.
  6. Provigil, used for sleeping problems – April 2012.
  7. Plavix, used for blood clots – May 2012.
  8. Singulair, used for asthma – August 2012.
  9. Actos, used for type II diabetes – August 2012.
  10. Diovan, used for high blood pressure – September 2012.

Want to save more? Then comparison shop, rates are not the same everywhere. Also consider buying in bulk if have taken and are satisfied with a particular drug. Also, if you have low income or don’t have insurance, look for patient assistant programs. Start with the Partnership for Prescription Assistance, and take a look at these:

  • NeedyMeds
  • Patient Advocate Foundation
  • PatientAssistance.com
  • RxHope
  • Together Rx Access

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

Posted in Saving Hard Earned Money | Tagged , , , , , | Leave a comment

CFLs will Lighten-up Your Electricity Bill

A compact fluorescent lamp (CFL; also called compact fluorescent light, energy-saving light, and compact fluorescent tube) is a fluorescent lamp designed to replace an incandescent lamp; some types fit into light fixtures formerly used for incandescent lamps.

Advantages

Compared to general-service incandescent lamps giving the same amount of visible light, CFLs use less power and have a longer rated life. Typically they use only 20% to 25% as much energy. The average rated life of a CFL is 8 to 15 times that of incandescent. CFLs typically have a rated lifespan of 6,000 to 15,000 hours, whereas incandescent lamps are usually manufactured to have a lifespan of 750 hours or 1,000 hours.

While a CFL has a higher purchase price than an incandescent lamp, it can save over five times its purchase price in electricity costs over the lamp’s lifetime. Also lighting accounts for approximately 9% of household electricity usage in the United States, widespread use of CFLs could save nearly this same amount of electricity and you could similarly have this much of a reduction in your electric bill.

If a building’s indoor incandescent lamps are replaced by CFLs, the heat produced due to lighting is significantly reduced. In warm climates or in office or industrial buildings where air conditioning is often required, CFLs would reduce the load on the cooling system when compared to the use of incandescent lamps, resulting in more savings in electricity instead of using incandescent lamps.

Disadvantages

Starting time – Incandescents reach full brightness a fraction of a second after being switched on, although some models take several seconds to reach their rated luminance. As of 2009, CFLs turn on within a second, but many still take time to warm up to full brightness. The light color may be slightly different immediately after being turned on. Some CFLs are marketed as “instant on” and have no noticeable warm-up period, but others can take up to a minute to reach full brightness, or longer in very cold temperatures.

Change – It’s different than what we are used to both in physical appearance (see bulb styles below for recent changes to this issue) and the way things look under a different type of light. We can and will however get used to these subtle differences. If it were in the reverse, i.e. we were used to CFL’s and had to switch to incandescents, we would have the same issues

Rapid on and off – If you turn a CFL on and off every 5 seconds, it will diminish its life. If you do that constantly the life will be about the same as an incandescent (or quite possibly the switch or your wrist will fail first).

CFL Bulb Styles

Spiral Lamps – A continuous tube in a spiral shape which has similar outside shape and light casting qualities to standard incandescent light bulbs. Spiral CFL bulbs are made in several sizes to fit most common fixtures.

Standard Lamps – CFL spiral lamps with a dome cover. Designed to give the appearance of the traditional light bulb.

Globe Lamps – Commonly used in vanity mirrors or open bulb applications. Vanities usually require multiple bulbs, which generate radiant heat. CFLs reduce this heat buildup and save energy.

Candelabra – Screw-in torpedo-shape and small-base of this bulb is designed for smaller light fixtures from chandeliers to sconces. To use a smaller candelabra-based bulb in a regular socket, you can use a socket reducer.

Triple Tube Lamps – These CFLs have more tubing in a smaller area, which generates even more light in a shorter bulb. They pack high light output into a very small space and can be used in fixtures designed for incandescent bulbs.

Flood Lamps – Designed to be ideal for recessed and track lighting fixtures indoors and outdoors. They provide diffused, soft, white light, and generate less heat than will an incandescent flood or a halogen bulb.

Lighten up your electric bill and take a budget bounce by replacing incandescent bulbs with CFLs.

Don Redinius, AuthorThe New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

Posted in Saving Hard Earned Money | Tagged , , , , | 2 Comments

Thought for the Day

Before you quit, try. Before you speak, listen. Before you write, think. Before you spend, earn. Before you criticize, wait.  Before you retire, save. Before you die, live.

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

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2 Things Everyone can do to Improve Success Everyday

Thoughts and Intentions

We all have thoughts and intentions about things that we have to do. But thoughts/intentions mean nothing unless they are put into action. We can plan as much as we want, but planning is just that – a plan. It’s the doing that actually gets you somewhere. Here are two simple things anyone can do which dramatically turn thoughts and best intentions into beneficial results.

The Two Things

1. Always set a deadline. I find that I’m more focused when I work under pressure, and if I know something has to be done by a certain time, I’ll make sure that it happens. This goes for items both big and small.

2.  Get others to hold me accountable. Sometimes, all this requires is announcing or telling people what I want to do. This forces me to take action because I don’t want to say I’ll do something and not follow through.

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

 

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Why You Should not be Focused on the Debt Ceiling

If you are focusing on the debt ceiling and the ramifications of it not getting approved before August 2nd, you are focusing on the wrong thing. More importantly is why it needs to be increased and why it has been increased so many times (74 times since 1962). We have to peel the onion one or more layers to solve the problem.

 The Debt Ceiling

The debt ceiling is currently set at $14.3 trillion and the government hit this cap on May 16, but the Treasury made adjustments to have enough room to borrow through Aug. 2. Here is how this works: The government borrows money to make up the difference between what it spends and what it takes in. The amount of debt it can have is controlled and is called the debt ceiling, a cap set by Congress on the amount of debt the federal government can legally borrow.

This applies to U.S. bonds plus debt owed to federal government trust funds such as those for Social Security and Medicare. The money you have paid into these latter two funds is then transferred into a general fund and spent. So it’s not so much that these programs are underfunded, it’s that the government has taken (borrowed) the money to spend elsewhere.

The debt ceiling is not a new issue, and raising the debt ceiling has actually become a common practice by Congress. The debt ceiling has been raised 74 times since March 1962. That, under the strictest rules of statistics, constitutes a trend. That is what needs to be focused on, or “What the Heck is Happening?”

 Political Games

Congress and President Obama have not reached an agreement on the debt ceiling, so the political drama continues. What is unfortunate is that they are overly focused on the FUD Factor and political posturing. FUD stands for Fear, Uncertainty and Doubt. It’s an old marketing technique to stimulate people into buying products and is similarly used by politicians to influence opinions. It is also a technique to create a distraction, which in this case is to distract the public from the real issue: Why the debt ceiling has been raised 74 times since March 1962.

 The Real Game

Time spent on creating business incentives that create value, jobs and competitiveness in the long-term is where time would be better spent. Not only should we be focused on lowering the unemployment but also on getting more people into the workplace along with creating more value and productivity. Money spent on increasing skills, i.e. a tax incentive to do so, would increase the contribution value of the individual. Government should be proactively encouraging growth and removing barriers as much as possible. Have you really heard of or seen any significant efforts to do these, what or where is the plan?

These things would increase our competiveness and in doing so would increase our GDP, which would increase tax revenues. Increased tax would provide more money to invest into more revenue generating opportunities, lower our debt and stop all these crisis issues from occurring. Sounds like a win-win to me. There is something to be said about good fiscal management at the personal, business and government level.

 

Don Redinius, Author - The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

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Is America Inspiring You to Achieve, to be More Successful?

My point in my previous article, 545 vs. 300,000,000 – What the Heck is Happening, is that if we had better leadership/management of the government we would likely have a balanced budget or surplus, we would not have to be raising the debt ceiling frequently nor would we have to be adjusting the tax rates. As a result a lot of time is being “wasted” on dealing with these issues instead of applying the time to ways of improving our competiveness and GDP (things that would be beneficial to our own financial success). In other words there is a lost opportunity cost of having to focus on problems versus opportunities for improvement.

I have received several comments about the tax rates and who pays what. Here is a quick summary of what is going on based on data from the IRS.

Federal Tax Rates by AGI Brackets

Below is the 2011 percentage of federal income tax paid based on a person’s taxable income after deductions and exemptions (adjusted gross income “AGI”).

$0 to $8500 – 10%

$8500 to $34,500 – 15%

$34,500 to $83,600 – 25%

$83,600 to $174,400 – 28%

$174,400 to $379,150 – 33%

$379,150 and above – 35%

Overall Federal Tax Burden – Who Pays What

Below is the overall tax burden ranked by AGI. The burden has been constantly shifting from the bottom bracket to the top bracket. For example in 1999 the top was 36.18% and the bottom was 4.00%

Data for Tax Year 2008

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Total Federal Tax Paid

Top 1%

$380,354

38.02

Top 5%

$159,619

58.72

Top 10%

$113,799

69.94

Top 25%

$67,280

86.34

Top 50%

$33,048

97.30

Bottom 50%

<$33,048

2.7

Tax Hikes, Tax Cuts

See table below for what has actually happened to tax rates since 1992. In 1993 there was a tax hike on the higher taxable incomes (via two new brackets at the top from 31% to as much as 39.6%), and then 2001 through 2003 saw a series of tax cuts that lowered the tax brackets for everyone as follows:

From 2000 to 2002 most brackets dropped by one percent, and there was a new low bracket added for the very bottom from 15% down to 10%. In 2003 most brackets got an additional cut of two percent with a 3.8% reduction for the very top bracket. But note that the upper brackets still paid more in 2003 than in 1992 and everybody else paid less.

Leadership/Management

Tax revenues to the federal (and state) governments have been reduced/slowed as a result of the recent economic downturn. Yet the federal government has been on a hiring binge…If you were a private business owner and your revenues were going down, would you be out hiring more people and increasing your overhead costs? If your salary went down would you be increasing your level of spend or decreasing it to at least match the change? The answers are obvious when framed in this context.

Unfortunately, the government can yield its power to increase its revenue by simply raising taxes, what I call the easy way out or lazy management. Of course raising taxes can have its consequences on the economy as the government is a much less efficient user of the money than the private sector is.

I think we need a shake-up in our governmental thinking. For example what is the vision for our country, what do we want it to become, what are we trying to accomplish in measurable terms versus anecdotal statements, what and where is the plan.

Frankly, I am not sure what America is really up to, what it’s plan is - to be whatever it is going to be. I think we have a right to know and we need to know. Knowing these types of things is what inspires all of us to make achievements…which will make us and America more successful.

Don Redinius, Author - The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

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545 vs. 300,000,000 People – What the Heck Happened?

I normally stay away from governmental and political topics in this blog. However with the recent activities occurring at the State and Federal governments centered around fiscal actions and the fiscal health of the country I have been compelled to share a couple of articles that demonstrate a need for the people of this country to exercise their voices (or be financially affected long-term) that we need to better manage this country. This is not about a political party but the effectiveness of managing the country…and yes I know its not easy. As Winston Churchill said, “Sometimes you have to do better than your best, you have to do what is required.”

This article was sent to me and I hope it is of value to you. It’s the final column written by Charley Reese. In case you don’t know him, Charley Reese (born January 29, 1937) was a syndicated columnist known for his plainspoken manner. He covered the political spectrum, he was a Republican, a Democrat and sometimes called a Libertarian. On August 30, 2008, Reese wrote his final column, citing health reasons for his retirement. Note as a result it is little dated, i.e. the speaker of the house and others have changed since. However the central theme of the article is still relevant.

545 vs. 300,000,000 People – By Charlie Reese

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?
You and I don’t propose a federal budget. The President does.

You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don’t write the tax code, Congress does.

You and I don’t set fiscal policy, Congress does.

You and I don’t control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations & taxes. Who is the speaker of the House now? He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it’s because they want it unfair.

If the budget is in the red, it’s because they want it in the red.

If the Army & Marines are in Iraq and Afghanistan it’s because they want them in Iraq and Afghanistan …

If they do not receive social security but are on an elite retirement plan not available to the people, it’s because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics” that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses.  Provided the voters have the gumption to manage their own employees…

We should vote all of them out of office and clean up their mess!

Here’s a Tax Poem and a summary at the bottom regarding some of the currently attempted political solutions to our nations problems.

Tax his land,
Tax his bed,
Tax the table,
At which he’s fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for
peanuts anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know
That you won’t be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He’s good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he’s laid…

Put these words
Upon his tomb,
‘Taxes drove me
to my doom…’

When he’s gone,
Do not relax,
Its time to apply
The inheritance tax.

Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom, if she agreed, stayed home to raise the kids.
Are you aware we now have….

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fast Food Tax

Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

And So Many More Taxes It’s Almost Impossible to List Them.

Did you know that  50% of the people in America now pay only 2.7% of the total tax!!

What in the heck happened?

Now do you really think raising taxes (even if they are only on the richest) is the right answer, i.e. the “easy way out – lazy management”?? We need better Leadership/Management or the additional taxes will just be wasted. Demand a higher Standard!

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

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Save $ – Here is Over 100 Places Where Seniors Get Discounts

Are you a baby boomer and 55 plus years old? If yes, here is a list of retailers featuring new and improved discounts exclusively for the 55 and older crowd.  I have composed a list by category and then alphabetically of senior savings that will help you keep more cash in your pocket.

 

Restaurants

Applebee’s:  15% off  with Golden Apple Card (60+)
Arby’s:  10% off (55+)
Ben & Jerry’s:  10% off (60+)
Bennigan’s:  discount varies by location
Bob’s Big Boy:
  discount varies by location (60+)
Boston Market:
  10% off (65+)
Burger King:
  10% off (60+)
Captain D’s Seafood:
  discount varies on location (62+)
Chick-Fil-A:  10% off or free small drink or coffee (55+)
Chili’s:  10% off (55+)
CiCi’s Pizza:
  10% off (60+)
Culver’s:  10% off (60+)
Denny’s:  10% off, 20% off for AARP members (55+)
Dunkin’ Donuts:
  10% off or free coffee (55+)
Einstein’s  Bagels:
  10% off baker’s dozen of bagels (60+)
Fuddrucker’s:  10% off any senior platter (55+)
Gatti’s Pizza:
  10% off (60+)
Golden Corral:
  10% off (60+)
Hardee’s:  $0.33 beverages everyday  (65+)
IHOP:  10% off (55+)
Jack in the Box:
  up to 20% off (55+)
KFC:  free small drink with any meal (55+)
Krispy Kreme:
  10% off (50+)
Long John Silver’s:
  various discounts at participating locations  (55+)
McDonald’s:  discounts on coffee everyday (55+)
Mrs. Fields:
  10% off at participating locations (60+)
Shoney’s:  10% off
Sonic:  10% off or free beverage (60+)
Steak ‘n Shake:
  10% off every Monday & Tuesday (50+)
Subway:  10% off (60+)
Sweet Tomatoes:
  10% off (62+)
Taco Bell:
  5% off; free beverages for seniors (65+)
TCBY:  10% off (55+)
Tea Room Cafe:
  10% off (50+)
Village Inn:
  10% off (60+)
Waffle House:
  10% off every Monday (60+)
Wendy’s:  10% off (55+)
White Castle:  10% off (62+)  

Retail and Apparel

Banana  Republic:  10% off (50+)
Bealls:  20% off first Tuesday of each month (50+)
Belk’s:  15% off first Tuesday of every month (55+)
Big Lots:
  10% off (Update from reader – Big Lots is currently not providing any discounts).
Bon-Ton Department Stores:
  15% off on senior discount days (55+)
C.J. Banks:
  10% off every Wednesday (60+)
Clarks:  10% off (62+)
Dress Barn:
  10% off (55+)
Goodwill:  10% off one day a week (date varies by location)
Hallmark:  10% off one day a week (date varies by location)
Kohl’s:  15% off  (60+)
Modell’s Sporting Goods:
  10% off
Rite Aid:
  10% off on Tuesdays & 10% off prescriptions
Ross Stores:
  10% off every Tuesday (55+)
The Salvation Army Thrift Stores:
  up to 50% off (55+)
Stein Mart:
  20% off red dot/clearance items first Monday of every  month (55+)

Grocery

Albertson’s:  10% off first Wednesday of each month (55+)
American Discount Stores:  10% off every Monday (50+)
Compare Foods Supermarket:
  10% off every Wednesday (60+)
DeCicco Family Markets:
  5% off every Wednesday (60+)
Food Lion:
  6% off every Monday (60+)
Fry’s Supermarket:
  free Fry’s VIP Club Membership & 10% off every Monday (55+) Farm Fresh 5% every Tuesday and ThursdaysGreat Valu Food Store:  5% off every Tuesday (60+)
Gristedes Supermarket:
  10% off every Tuesday (60+)
Harris Teeter:
  5% off every Tuesday (60+)
Hy-Vee:  5% off one day a week (date varies by location)
Kroger:  10% off (date varies by location)
Morton Williams Supermarket:
  5% off every Tuesday (60+)
The Plant Shed:
  10% off every Tuesday (50+)
Publix:  5% off every Wednesday (55+)
Rogers Marketplace:
  5% off every Thursday (60+)
Uncle Guiseppe’s Marketplace:
  5% off (62+) 
Travel

Alaska Airlines: 10% off (65+)
Alamo:  up to 25% off for AARP members
American Airlines:  various discounts for 65 and up (call before booking for discount) Amtrak:  15% off (62+)
Avis:  up to 25% off for AARP members
Best Western:
  10% off (55+)
Budget Rental Cars:
  10% off; up to 20% off for AARP members (50+)
Cambria Suites:
  20%-30% off (60+)
Clarion:  20%-30% off (60+)
Comfort Inn:
  20%-30% off (60+)
Comfort Suites:
  20%-30% off (60+)
Continental Airlines:
  no initiation fee for Continental Presidents Club  & special fares for select destinations
Dollar Rent-A-Car:
  10% off (50+)
Econo Lodge:
  20%-30% off (60+)
Enterprise Rent-A-Car:
  5% off for AARP members
Greyhound:  5% off (62+)
Hampton Inns & Suites:
  10% off when booked 72 hours in advance
Hertz:  up to 25% off for AARP members
Holiday Inn:
  10%-30% off depending on location (62+)
Hyatt Hotels:
  25%-50% off (62+)
InterContinental Hotels Group:
  various discounts at all hotels (65+)
Mainstay Suites:
  10% off with Mature Traveler’s Discount (50+);  20%-30% off (60+) Marriott Hotels:  15% off (62+)
Motel 6:
  10% off (60+)
Myrtle Beach Resort:
  10% off (55+)
National Rent-A-Car:
  up to 30% off for AARP members
Quality Inn:
  20%-30% off (60+)
Rodeway Inn:
  20%-30% off (60+)
Sleep Inn:
  20%-30% off (60+)
Southwest Airlines:
  various discounts for ages 65 and up (call before booking for discount)
Trailways Transportation System:
  various discounts for ages 50 and up
United Airlines:
  various discounts for ages 65 and up (call before  booking for discount)
U.S. Airways:
  various discounts for ages 65 and up (call before  booking for discount) 

Activities & Entertainment

AMC Theaters:  up to 30% off (55+)
Bally Total Fitness:
  up to $100 off memberships (62+)
Busch Gardens Tampa:
  $3 off one-day tickets (50+)
Carmike Cinemas:
  35% off (65+)
Cinemark/Century Theaters:
  up to 35% off
U.S. National Parks:
  $10 lifetime pass; 50% off additional services including camping (62+)
Regal Cinemas:
  30% off

Ripley’s Believe it or Not:  @ off one-day ticket (55+)

SeaWorld Orlando:  $3 off one-day tickets (50+)  

Cell Phone Discounts

AT&T:  Special Senior Nation 200 Plan $29.99/month (65+)
Jitterbug:  $10/month cell phone service (50+)
Verizon Wireless: Verizon Nationwide 65 Plus Plan $29.99/month (65+).   

Miscellaneous

Great Clips:  $3 off haircuts (60+)
Super Cuts:
  $2 off haircuts (60+)

Since many senior discounts are not advertised to the public, my advice if you are over 55 is to ALWAYS ask a sales associate if that store provides a senior discount.  That way, you can be sure to get the most bang for your buck. 

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

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Introduction to Process-Oriented Thinking and Finances

This article introduces you to the concepts and methods of process, process flow, and process management. Almost everything that happens repeatedly follows a pattern that can be identified. When the pattern, or flow, is identified and understood, it is commonly called a process, or more specifically, a process flow. Thinking about how something gets done and the various steps and activities needed to accomplish it, is called process-oriented thinking. Process-oriented thinking allows for a higher level of understanding, control, and management for any set of activities. 

Referring to the figure below you can visually see how money typically flows from its income sources, through banking, and into various disbursements. Hopefully, it is done under the control of some method for its budgeting and management, as it is used to satisfy a person’s livelihood.

Effective management of money to maximize its use and to build wealth requires a “process  understanding” of its use. Fortunately, the management of digital money is very much a process-based activity. Computers are very process-oriented, they are great for providing data and information, and they instill a structure to the flow of money. They are programmed to do something, and that is what they do. If properly leveraged, this can help take care of the minutia and tedious nature of understanding the flow of money.

You will find it amazingly simple to change what happens to your money by applying process-oriented thinking. It will enable you to achieve control and the proper balance between debt, wealth accumulation, and your daily needs for livelihood. 

Definition of a Process

In simplest of terms, a process forms a basis or way of accomplishing something. A process is a sequence of tasks, steps, and activities that occur in a logical or chronological order, and it is usually something that is performed more than once. Some processes are carefully designed and some are informally established after multiple repetitions of doing the same thing over and over.

Processes have names. There is a beginning step, and there also is a final step. In between the first and last steps are the various other steps which help to produce the desired result. While almost everything done is some form of a process, it is only necessary to employ formal-process techniques to the more “important factors” in your life. Most people would readily agree that money is one of those “important factors” in their lives.

Let’s look at a practical example, a set of common-day activities that form a rather repeatable process. I will give this process a name – “Arriving to Work on Time”. Just about everyone who goes to work participates in such a process at least five days a week without ever thinking about it. There is a beginning point to this process, which begins when the alarm clock goes off the first time. The process ends upon arrival at the workstation, office, or job – hopefully at the desired time, plus or minus a few minutes.

There are a lot of tasks that must be performed between the time when the alarm sounds and the time of arrival. Your precise situation may vary, but a typical set of activities, or steps, would involve getting out of bed, showering, grooming, getting dressed, eating if you have time, driving to work, parking, and walking to the workstation. We have just, with very little effort, identified the major steps in achieving the desired result of arriving to work on time.

For now, just realize that each of these steps takes some amount of time and effort. Also, note that they tend to occur in a sequence or a natural order. At this point, even with just the basic knowledge about this process, we have a better understanding of how it is accomplished and can always add more detail about each of the various steps later. For example, with a little effort it is possible to determine the amount of time each step takes, the resources required, and whether or not it is worth doing. We could also decide on a new and better way of doing it. By now you are probably starting to sense the power of process-oriented thinking.

Knowing each of the steps, it is now possible to drill deeper, if necessary, further expanding the knowledge about the process. Each major step in a process is made up of some number of supportive tasks. For example, you don’t just eat. You have to get a bowl, select the cereal, mix milk, sugar, and cereal into the bowl, eat it one spoonful at a time until empty, put the dirty dishes into the dishwasher, etc. Also, you don’t just drive to work. You have to start your car, put it in gear, turn, stop and drive a specific route, etc. These are the details which, if needed, suddenly become apparent to a person, because of process-oriented thinking.

The “what” and the “how” of any task naturally becomes apparent with process-oriented thinking. This type of thinking greatly accelerates a person’s expertise, when applied to the many financial aspects of their lives. When you follow this approach, the level of knowledge and understanding you obtain is almost magic. It is the epitome of discovery learning, the most powerful form of learning.

In upcoming articles I will expand process-oriented thinking and show how most of your financial actions are actually part of a process and how process-oriented thinking will help you get more out of your money.

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

 

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5 Ways to Prevent Boredom from Lowering Your Results

Everyone has experienced times when they felt a little less energetic, more likely to procrastinate and times when they get less done. One significant contributor to this can be boredom, and sometimes it’s not all that easy to recognize. This is especially the case if it has occurred gradually and then has persisted.  And if you allow yourself to be bored too long, you become complacent and can actually become a bore.  It’s a vicious cycle!

We spend a large portion of our time in the workplace and boredom unfortunately occurs quite frequently from executives through line workers. And the more repetitive or routine a job is the more likely it can occur. Boredom is a state of mind and it affects your ability to apply your talents and creative energy to your work and your relationships both on and off the job. Individuals who are bored miss out on a lot of opportunities.  As they say, luck is opportunity meeting preparedness.  When a person is bored they are don’t look and act very prepared. And if you’re chronically bored you will miss a lot opportunities that could improve your financial health.

Our brains like to experience new and changing things. It creates a stimulation resulting in a surge of motivation, preparedness and results. There are some simple things that you can do to give your brain some new challenges both on and off the job. Changing up the way you spend a small amount of your time or seeing the positive effects of your job can have a domino effect on your mental state.

Try these approaches

  1. Change your surrounding as much as you are allowed. Reorganize your workspace, add some color or put up a new/favorite picture. 
  2. Think of the positive benefits that your job has on someone else. Even if you think your job is insignificant, what you are doing is helping someone, somehow, somewhere. For example, a customer support agent thought in terms of how many people she helped each day instead of the number of complaints she received. She then went on to see how many disgruntled customers she was able to satisfy (the domino affect) until finally she began to see her job in new way.   
  3. Do something that you like to do. This does not necessarily have to be at work. Just find something from going to a movie to playing cards. Whatever it is, doing it will have a positive effect on your mental state.
  4. Engage in some physical activity. Physical activity/exercise will cause your body to produce endorphins making you feel energetic, happier and will help to remove stress.
  5. Shake up your day, do things differently.  Change the order in which you do things and even taking a different route to work will create new experiences and stimuli.  

Don Redinius, Author – The New Era of Financial Success, Process Management for Team Members and a contributing author to Six Sigma for Dummies.

 

 

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