RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Tips From ‘the Cheapskate Next Door

April 4, 2017 12:42 am

Author Jeff Yeager met with hundreds of self-described skinflints for his bestselling book, “The Cheapskate Nest Door: Surprising Secrets of Americans Living Happily Below Their Means.”

He recently shared with Kiplinger Magazine editors the tips and incentives that motivate serious money savers:

They are not misers. While they are careful about how they spend money, they do not spend their waking hours thinking up ways to save a nickel. Some are motivated by religious or environmental concerns and others simply see no reason to live any other way but frugally.

They run the gamut of lifestyles. Some are millionaires and some have such limited income that they could qualify for public assistance if they chose to. The commonality is that they spend less than they make and they determine to live debt-free. Only five percent of those surveyed had any consumer debt other than a mortgage, and among those who had a mortgage, 85 percent said they were working to pay it off early.

They splurge selectively. They make certain they really want something before they buy it. When they do splurge, it is more likely to be on an activity rather than on a possession – not surprising, since social science points out that possessions often disappoint over time, while experiences, such as sports or vacations, appreciate in value in our memories.

They offer some practical advice. They typically stay away from yard sales because you tend to buy stuff you didn’t set out to buy. They like thrift stores, which they see as department stores full of perfectly good used merchandise. They barter or negotiate to save on goods and services – and they’re generally tuned in to worthwhile cyber tips for saving money, checking websites like for freebie giveaways and for good wines discounted simply because the label is damaged.

Published with permission from RISMedia.


New Study Tells You Where to Retire

April 4, 2017 12:42 am

Whether you’re thinking of retiring next year or within the next two decades, it never hurts to brush up on retirement trends, especially if you plan to relocate. A recent Bankrate study on retirement locations noted that half of non-retired U.S. adults would move to a different city or state when they retire. The percentage is greatest among millennials (58 percent) and falls to 46 percent of Gen Xers, 37 percent of Baby Boomers and 12 percent of the Silent Generation.

The report examined eight key factors which were weighted in line with a nationally representative survey of non-retired U.S. Adults. The categories of focus were: cost of living, healthcare quality, crime, cultural vitality, weather, taxes, senior citizens’ well-being and the prevalence of other seniors.

The results may surprise you; Florida—long considered a retirement hot spot—didn’t even make the top five. According to the report, New Hampshire is the best state to retire, with Colorado, Maine, Iowa and Minnesota following suit.

Florida came in 17th. Although it has the nation’s highest percentage of residents age 65 and older, it surprisingly didn’t score high in any other area.


Published with permission from RISMedia.