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You are here: Home / Archives for Sherry Tingley

Sherry Tingley

About Sherry Tingley

Sherry Tingley, a graduate of Brigham Young University, mother of two and an entrepreneur developed Coolchecks.net in 2007. Her site offers customers an easy way to choose checks from multiple merchant websites, giving them access to over 19,000 checking account products. She developed a personal finance blog to help others succeed in managing their personal finances and to help people take the steps necessary to start their own businesses.

Wave-produced Energy The Wave Of The Future?

April 27, 2017 By Sherry Tingley

Will energy from waves become a usable source for power?
Scientists estimate that the energy inherent in the movements of oceans, if it were harnessed, could provide power to meet a quarter of America’s energy demands.

But even with increasing pressure on other energy sources, including oil, gas and coal, research into ocean activity as a source has not been urgent. The potential for wind and solar power tends to get more attention.

The U.S. Navy has stepped up with a test site in the waters off Hawaii to see if wave energy is a feasible area for more research. If it becomes a reality, it could be a boon to coastal cities around the world. In fact, Hawaii’s island cities have the highest electricity rates in the U.S., making the prospect attractive. The cities rely on fossil fuels shipped across the ocean. State officials have issued a mandate that Hawaii will be using renewable energy fully by 2045.

Surfers already know what the waves coming in to Hawaii are like. They are powerful and roiling. One of the challenges for the experimentation is to find buoys that can capture both the side-to-side and up-and-down ocean motions.

Any device designed to capture electricity generated by the motion would have to withstand long-term thrashing as well as the powerful storms that sometimes hit the coast. Not to mention the corrosive effects of constant exposure to salt water.

Patrick Cross, specialist at the Hawaii Natural Energy Institute in Manoa, which manages the test site, recognizes the challenges but is confident buoys can be designed that will do the job.

Being able to harness the energy now going to waste in the oceans would go a long way toward achieving the U.S. goal of reducing emissions from carbon-based fuels by a third by 2030. Many states are involved in efforts to develop renewable energy sources as well.

Some European countries also are pursuing the wave energy potential. They have spent more than $ billion on the effort, while the U.S. has put about $334 million into its research. Marine Energy Council, a trade group representing Great Britain and other European countries, is heading the research effort there. China and Norway also have been building and testing devices.

At present, the U.S. effort off Hawaii consists of two buoys anchored a half mile offshore. The Azura extends 50 feet below the ocean surface and stands some 12 feet above. It converts both horizontal and vertical movements in the ocean to about 18 kilowatts of electricity, enough to power about a dozen homes.

Plans are for Northwest Energy Innovations of Portland, Ore., a company working with the Navy, to build a prototype that can generate at least 500 kilowatts of energy, enough to power hundreds of homes.

Researchers are aware that the prospect of hundreds of buoys bobbing in the ocean could trigger opposition from environmentalists – the same problem that has stifled some wind turbine research.

Filed Under: Life Tagged With: business

Benefit From Falling Food Prices

October 28, 2016 By Sherry Tingley

Take advantage of the lower meat prices while you can.
Take advantage of the lower meat prices.
Food prices are dropping, and grocers are taking steps to use the decline to woo new customers. You might put the information to good use to make your food dollars go further.

The Bureau of Labor Statistics has reported an overall drop in grocery costs of 2 percent over last year. Among the biggest declines are the prices for raw ground beef (9 percent) and roasted coffee (4.3 percent.) Protein sources such as all meats, poultry, fish and eggs, showed a 7 percent drop, a reflection of a rebound from higher prices that resulted from tight supplies. The price on eggs, for example, had gone up to $2.29 last year in September, but in the same month in this year had dropped to 79 cents a dozen.

The prices of some items has increased, including fresh fruits, butter and margarine.

Grocers operating in highly competitive markets, instead of simply pocketing the savings, respond to the lower prices in most categories by running sales promotions in an effort to lure customers from their competitors. Particularly among the stores that tout organic products, the competition is fierce. Consumers are the winners in this war for custom, according to the experts in the field.

With the current situation expected to persist for at least the next five or six months, now may be a good time to stock the freezer with good buys.

Meat promotions are attracting a lot of shoppers. Major food outlets report “incredible” sales of beef and pork. The increase in sales in this category has had an effect on fast food outlets, which report lower than expected sales. Consumers apparently are finding it more economical to buy beef and grill it themselves .Cheaper eggs, on the other hand, have not excited extraordinary sale because their popularity does not fluctuate as much.

Many grocers are using meat sales to attract customers, while keeping other grocery items at the same level, said the consulting firm of TABS Analytics. The perception of lower prices overall does not hold up.

How long the trend will last is not clear, but for now, it will pay to compare prices and take advantage of the market.

Filed Under: Grocery Shopping Tagged With: grocery shopping

Recovery From Losing Millions Of Dollars

March 21, 2016 By Sherry Tingley

Altucher is a successful entrepreneur, chess master, best-seller writer and host of three high ranking podcasts. He’s started and sold many businesses, and has been involved in advising over 40 companies, several of which sold for large exits. He is the author of 17 books, including “The Power of No” and “Choose Yourself”.
Altucher is a successful entrepreneur, chess master, best-seller writer and host of three high ranking podcasts. He’s started and sold many businesses, and has been involved in advising over 40 companies, several of which sold for large exits. He is the author of 17 books, including “The Power of No” and “Choose Yourself”.

Losing a lot of money in a short time is painful. James Altucher, author and investor, learned some serious lessons when it happened to him.

His company built websites for entertainment companies such as Bad Boy Records, Miramax, Time Warner, HBO, Sony, Disney, Loud Records, Interscope, ConEdison and others.

First Company Worth $15 Million

The way Altucher tells it, “I did everything smart until I did everything stupid.” He sold his first company for $15 million, sold his shares so he had cash. He spent several million for an apartment, bought art and “played a lot of poker.” Then he began to invest in other companies, a million here and a million there. He put $2 million into an IPO and watched the $20 shares drop to nothing.

Then he started another company of his own in which there was significant outside investment. He started a VC fund and invested in more companies.

Then the Internet stocks began to drop. He couldn’t believe it. he had thought Internet was here to stay. He admits to knowing nothing about stocks or valuations or “anything resembling rational thought.” He doubled down, then quadrupled down, than octupled down.

Losing $1 Million A Month

From June 2000 to September 2001, he lost a million a month. The thing became addictive. “I was the worst idiot,” he admits. His ego was so tied up in financial success that he began to think that his life was over. Even going to the ATM was a disaster as the balance plummeted.

He lost his house, suffering a million dollar loss and was reduced to asking for help from his parents, who said no. They had footed college and felt that was enough. Things went from bad to worse as his health suffered and his mental stress multiplied. He felt he had failed his family.

“I went from feeling immortal to feeling dead all over, every day.”

The Financial Turn Around

The reversal was slow, but determined.

  • He exercised every day and improved his eating.
  • He spent time with those people who loved and supported him and broke ties with those who generated bad memories and frustrating feelings.
  • He began to write software again.
  • He studied the stock market and modeled what happens in different situations.
  • He developed ideas for trading systems that he shared with hedge fund managers, some of whom were willing to give him money he could manage.
  • He began to write articles based on his experiences with the Internet and stocks and over time was able to place them with Financial Times, Forbes, Yahoo Finance and other publications.
  • He prayed and expressed gratitude for his daughters and other daily blessings he had discounted. He refused to wallow in regret and faced his reality.

Gradually he came up with new ideas for businesses. At 6 a.m., he went to a café and read and wrote. He started a hedge fund and a newsletter, did deals, broadened his store of acquaintances to expand his new network. He became involved in a mental health company that he later sold for $41 million. He started a website, stockpickr! Which attracted millions of users and found advertising for it. Later he sold it advantageously.

Altucher repeated the loss-rebuild-thrive-fail cycle once again. He blames that on the fact that he stopped using the fundamental techniques he had used to rise from the ashes the first time. Now he is on the uptrend again.

Bottom line:

“I hope I can keep on building. I hope I don’t revert back to my addictive tendencies. I think this time I have learned. Every day, without fail, I focus on physical, emotional, mental and spiritual health. But life brings with it many challenges and many things to learn. I surrender to whatever I need still to learn.”

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Filed Under: Money Management Tagged With: entrepreneur, Personal Finance

Career Planning Tips

March 11, 2016 By Sherry Tingley

The statistics leave little doubt that post secondary education is the best way to improve your earning power. But simply going on to college is not the best way to approach such education. Target your post-high school learning to specific goals, a publication of the U.S. Department of Education suggests.

Schooling that meets your goals.

There are many types of universities, colleges and other training opportunities. Picking the one that meets your goals can save you time and money. If a one-year certificate will get you the job you want, don’t head to a four-year degree institution. For some students, the one- or two-year qualification may set you up to earn enough to finance further education, if that’s what you want.

Stackable credentials.

It is sometimes possible to combine work experiences and training at the same time. “Stackable credentials” may be available and could move you toward additional education while working to pay for it.

Campus size and experience.

Consider what size campus and student population makes you most comfortable. It can have a telling effect on the quality of your education. Consider extracurricular opportunities and social aspects of the experience if those things are important to you, but always work toward the short-term goals. Do you want to be near home or in an entirely new location?

Best programs for chosen field.

If you are already determined to pursue a particular career objective, choose an institution that will get you there without a lot of side trips. Research the academic departments in several schools to determine if they have strong programs in your chosen field. Network with people already working in your chosen career path. Their advice could be valuable.

Choosing a career.

If you are not set on a career, an academically balanced school will give you the opportunity for exposure to a variety of options.

Explore financial opportunities.

College costs are going up and you should explore any an all opportunities for scholarships, grants, work-study options and loans to prepare to meet the financial challenge. Search online to see where you can get the best education for the money expended. Be acutely aware of how much debt you want to acquire. Education debt has become a drain on future earnings for many college graduates.

Prepare while in high school.

While you are still in high school is the best time to prepare to meet the requirements of the post-secondary institution of choice. Some colleges and universities have admissions policies that require you to apply six or eight months before you expect to attend classes. Others accept new students year round. Many have minimal GPA or SAT scores.

Look into retention rates.

Dropping out of a higher education program is costly and time consuming and leaves you years away from the goals you set. Don’t stop short of the goal if you can help it. Look at the retention rates of the school you want to attend. They may give you clues as to how much the school will be willing to do to hold onto you as a student.

Filed Under: Careers, Education Tagged With: career goals, education

8 Tips For Buying In Bulk From Costco

February 18, 2016 By Sherry Tingley

shopping in bulk
Shopping at Costco in Marina Del Rey, California. Photo credit: GABRIEL BOUYS/AFP/Getty Images
Loading up the cart with bargain-priced items in amounts calculated to last a lifetime, if not forever, is a popular option for many Americans. And the experts say it can be a very good approach, but they warn that the shopping should be focused and strategic to get the most for your buck.

The big-time bulk marketers, such as Costco, Sam’s Club and BJ’s Wholesale, are experts. They use pricing ploys, store layout, product placement and tempting sales to ensure that you return often. They even choose their shopping carts – larger than normal – to entice you into putting just one more item – or a half dozen – into the day’s shopping load.

Costco opened its first store in San Diego, Calif., in 1976. Today it has 468 stores in the U.S. and Puerto Rico, with 33 more in Mexico. They average $164 million in sales annually, overall net revenue of $112 billion overall in 2014.

Tip #1 Special Pricing Available For Large Quantity Buyers

Costco has even lower pricing for consumers who spend more than $10,000 when ordering. You can request special price quotes for specific items.

Tip #2 Factor Membership Fees In Your Budget

The annual membership that customers purchase is a major source of the income. The stores can offer good prices because of the membership fee. So customers need to figure in the fee when they decide how much they are actually saving.

Tip #3 Double Check Your Prices

The outlets also manipulate prices on various items to make the savings seem more than they really are. Pay a reduced price for milk, for instance, and you may not realize that you are paying more for the chocolate you intend to put into the milk than you might have done at another grocery. In the trade, they call this strategy “high-low.”

Tip #4 Larger Shopping Carts Means More Spending

Factors that lure shoppers into buying more include the size of the baskets. Since the 1970s, they have tripled and the psychological result is enormous. The urge to fill up the space may lead a customer to pile in more purchases than he or she had intended.

Tip #5 Store Layout Influences Your Spending

Stores are laid out to keep shoppers away from the exits. No bright lights, no windows or other distractions are available to keep them from their shopping. Expensive items, such as electronics, are kept at the front of the stores. In comparison, the sales racks seem even cheaper. They change their offerings frequently, so there is always a sense of being on a treasure hunt.

Tip #6 Ask For A Trial Membership

Some sensible strategies for shoppers include: Ask for a trial membership and then track savings to be sure they offset the fee. Don’t assume that large quantities are practical. If your family likes only an occasional bit of cheese, buying it in three-pound blocks isn’t wise. Check prices against those in other regular all-purpose stores. You may find such things as party items, greeting cards, note paper, etc., cheaper at a dollar store. If you don’t expect to buy a huge amount of goods, bypass the shopping cart. Make a list and stick to it. Give yourself a deadline to be in and out. Go directly to the area where your wanted items are stocked and don’t dawdle in the expensive parts of the store.

Tip #7 Returning Items Is Easy

Peterson, of Addicted To Costco recalls once “standing in line behind a man who was trying to return a violin a year and a half after buying it because his daughter didn’t want to play anymore. Costco cheerfully gave him a full refund for the instrument.”

Tip #8 Get A Cheap Lunch

Many families will go to Costco just to get a cheap hot dog or pizza. Costco’s pizzeria’s alone would rank #11 in a list of the biggest Pizzeria’s in the nation. Free samples for shoppers will help put you in a buying mood.

Filed Under: Consumer Alerts Tagged With: Saving Money

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