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Editor's note: This week we've shared some of our favorite ideas from Dr. David Eifrig's Big Book of Retirement Secrets. So far, we've shared easy ways to improve your health (here and here), and overlooked ways to earn income outside of stocks (here and here). Today, we conclude the series with some ideas to help you save money on everyday things this month. That's why we think it's...

The Most Useful Essay You'll Read This Month

By Dr. David Eifrig, editor, Retirement Millionaire
Friday, March 6, 2015

There's a right time to buy anything...
 
In my Retirement Millionaire newsletter, we strive to buy quality assets when they're selling at bargain prices. But we don't just stop at investments...
 
Loopholes in industries' annual sales cycles, consumer trends, and sales all create windows of opportunity to buy everything – from big-ticket items to groceries – at bargain prices.
 
And in each Retirement Millionaire issue, we share a few of the best bargain opportunities for the coming month. Today, I'm going to share the most useful items you can usually find on sale in March...
 
March is the best time to save on winter coats and sports gear as stores switch inventories to spring apparel. Major retailers like Sports Authority and Target offer up to 65% off some items ranging from gloves to jackets to snowboards. Clearance racks of last season's stuff are even better (up to 80% off). I once bought a $100 Nike jacket (2009 season) for $20.
 
This month is also the best time to buy a snow blower if you're looking to prepare for next winter. Major retailers, like Home Depot, start to fill their stores with spring and summer essentials this time of year. And bulky items like snow blowers take up space for new items. You can find discounts of up to 40% in many stores.
 
It's also the best time of year to save on frozen foods. The National Frozen and Refrigerated Foods Association dubbed March "National Frozen Foods" month. The association will send a special insert in your local newspaper in March with coupons from participating brands (including Dole, Tyson, and Pepperidge Farms)... Just look for the insert in your Sunday paper and stock up on frozen foods.
 
Finally, March is a great time of year to get your gardening tools. Stores offer sales on items like garden shovels, racks, and hoes right before the gardening season gets into full swing. (Don't forget... gardening is one of the easiest ways to follow my No. 2 best guideline to improve your health – movement. So get up and get moving in the garden.)
 
Just like your investments, you want to buy the things you need in everyday life at the lowest prices possible. Make sure you get good value for your dollar. Hunt for bargains. The more you save, the more you can compound your wealth through investments.
 
So, if you anticipate the need for any of the items listed above in the year ahead, now is a great time to buy them at a discount.
 
Here's to our health, wealth, and a great retirement,
 
Dr. David Eifrig Jr.




Further Reading:

Palm Beach Letter founding editor Mark Ford is one of the smartest people we know when it comes to money. He's always brilliant at finding unorthodox ways to make a buck. In this timeless interview, Mark shares the "three bucket system" he has used to build a $50 billion fortune.
 
Editor in Chief Brian Hunt recently showed readers what he calls "the butterfly effect of spent money." It's a "powerful, hidden force that is released when you save money instead of spending it." Get all the details here.

Market Notes


CREDIT-CARD COMPANIES ARE SOARING

Today's chart offers more good news for the U.S. economy: credit-card companies are soaring.
 
Over the past few years, we've highlighted many charts that reveal an important idea: While the U.S. economy isn't booming, it can't be doing all that bad. For example, we've noted the tremendous share-price strength in super-bank Wells Fargo and American entertainment giant Disney. Add credit-card companies to that list...
 
Credit-card companies like MasterCard (MA) and Visa (V) act as sort of "bellwethers" for the U.S. economy. When people are spending money and paying their bills, credit-card companies make plenty of money... sending shares higher.
 
As you can see below, the major credit-card companies are enjoying huge, steady uptrends. Over the past two weeks, both have set new all-time highs... and both are up more than 120% over the past three years. It's the latest proof that "things can't be all that bad" in America.
 

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