Investing in going green can earn you money if you make the right investments. And when times are tough, as they are now, and when interest rates on your savings are less than 1%, most people are happy for even mid-single-digit percentage returns. But I know a green investment that can do much better and it carries with it almost no chance of loss.
I am going to tell you how you can make an easy, practically risk-free investment that will earn 10 times your money. This is not a tip for a hot stock, and it is not risky or shady in the slightest. In fact, this tip is as close to 100% certain to earn you money as anything I know of. And this is an investment that is completely under your control. You will not pay brokerage fees or commissions to anyone (okay, you will have to pay some sales tax). Here it is: Buy compact fluorescent lights.
As a green home improvement and an investment in yourself, compact fluorescent lights (CFLs) are nearly a sure thing. CFLs use only one-quarter as much electricity as a comparable incandescent light. Another benefit is their longevity. CFLs last about 10 times longer than the older, standard light bulbs. As technology has improved and volumes of production have gone up, you can now buy a CFL bulb for about the same price as a standard incandescent light bulb. And CFLs generate less heat than incandescent lights, so using them will reduce your cooling costs in the summer. Even better is that some newer versions of CFLs now work with dimmer switches. Continue reading “Going Green and Earning Money: An Easy and Safe Green Investment That Will Earn 10 Times Your Money”
When you decide to start a new habit, it is common to be enthusiastic at the outset. This enthusiasm causes us to attempt to do too much, to be overly optimistic about what we can maintain. Trying for too much when starting a new green habit sets us up for failure when we cannot sustain the effort needed.
Here are some ideas about how to start a green habit and make it stick.
Start with only one thing and make it something small
Smaller changes are easier to make permanent, and permanence defines a habit. You could, for example, choose as your first green habit turning off the lights every time you leave a room or separating all your recyclable paper. Whatever you choose, it should be something fairly simple and easy to achieve.
Focus on one thing at a time
By setting goals one at a time, you make it easier to maintain your focus. Staying focused on one thing at a time increases your ability to be successful. If you decide that you want to use less water by turning off the faucet while you brush your teeth, focus on that—and only that—every day for a week or two. Write it on a post-it note and stick it to your bathroom mirror as a constant reminder. You will be amazed how quickly it becomes a habit, and then you can pick the next green habit to create.
Don’t expect perfection
You will slip up, but don’t let that discourage you. Just continue to focus on the one green habit you have selected.
Be accountable to someone and make it fun
Having a person who will remind you (without nagging or being unpleasant about it!) is a huge help. My daughter will always remind me in a joking way if she notices that I forgot to turn off the lights—and vice versa.
Want more ideas? Check out Green Living Tips on our web site.