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This post has been written by Amanda Abella – a fabulous writer, speaker, and financial coach!
I was recently out with friends and I mentioned how I spent my holiday weekend messing around with Pinterest in an effort to get more traffic to my blog and therefore increase my chances of making affiliate sales.
“Don’t you ever take a break?” one of them asked. The answer is that I do take breaks. . . . → Read More: How to Always Find Ways to Make More Money
Wish you had a million dollars? How about a billion? That’s right! Billion with a “B”! Few dare to dream so lofty, but it’s absolutely possible. And actually, it’s pretty simple. It’ll just take a few years. Well, that may be an understatement, but let’s not get ahead of ourselves. Instead, let’s check out two very solid methods to become a billionaire family.
How to Become a Billionaire Family
The typical route to become a billionaire family is this:
Start your own company Grow wildly Go public with it (IPO) or sell it
But you know what? Not everyone’s an . . . → Read More: How to Become a Billionaire Family
If you follow and read personal finance blogs, chances are you know about side hustling. For those who don’t know, having a side hustle can help you bring in extra income, pursue a passion, and even get out of debt. But how do you side hustle when you don’t know where to start?
Get A Part Time Job
One of the easiest ways to start side hustling is to get a part time job. There are so many companies that are willing to be flexible and let you work as little as you want. Now, you can get a . . . → Read More: Start Side Hustling, Even If You Don’t Know How
Investing, whether it’s a significant part of your current income, a side hobby or part of your retirement plan, can be a complicated process. There are countless options for investing: stocks, bonds and materials just to name a few. It seems there are even more methods and strategies about investing. If you’re just starting out investing or even if you have some experience, there is always something new to learn. Here are a few tips to help you survive the complicated investment world.
Not only should your portfolio show diversity in the companies and stocks themselves, but you . . . → Read More: 9 Tips to Help You Get the Most From Your Investments
Money: it’s often the largest factor for so many decisions we make on a daily basis. Keeping tabs on your daily, weekly, monthly and yearly spending habits can be the deciding factor between a life of thriving and starving.
Money Myths That Are Draining Your Wallet
But in a world where vast amounts of information is always at your fingertips, it’s easy to be thrown off by well-meaning (or not) money tips. Here are three, well-meaning, but misguided money tips.
Myth #1: It’s Ok to Start with an Entry-Level Salary
You’ve worked hard to be where you are. You’ve had . . . → Read More: 3 Money Myths That Are Draining Your Wallet
Nearly a third of all workers admit to having less than $1,000 saved for retirement. Fifty-seven percent replied that they have less than $25,000 saved. Without knowing the exact retirement savings by age to reach a comfortable retirement, it’s still pretty obvious that the average American is woefully behind.
Below are the stats for the median retirement savings by age in 2013. Based on the recent news of people continually ignoring their retirement savings, I assume today’s numbers aren’t much different. So, here’s the big question, “Is it good enough to be average?”
The average Social Security payout in . . . → Read More: Retirement Savings by Age – Are You on Track?
Want to get out of credit card debt? It really isn’t that hard, people. Suck it up, follow the steps, and ditch your debt.
Start living on less (split rent, buy cheaper groceries, etc.) Each morning, visualize your fantastic life without credit card debt Increase your income (second job, side hustle, etc.) Sell anything you can and put the cash into savings (for future unknown emergencies) Put all of your extra earnings toward the smallest debt Pay off the smallest debt. Since you now have that monthly payment freed up, put it toward the next smallest debt. Repeat #5-6
And . . . → Read More: How to Get Out of Credit Card Debt (in less than 100 words)
This is a guest post from Pauline from InvestmentZen.com
You become financially independent the moment your investments yield enough money every month to cover your expenses. You can then decide to stop working and enjoy life, although most people simply decide to slow down a bit, while remaining active. If you are financially independent in your early 40s or even 50s, the perspective of laying in a hammock sipping cocktails all day long for the next 50 years is actually a bit depressing. But in order for your investments to cover your expenses that early, you need to focus on . . . → Read More: Pay Off Your Mortgage Early and Become Financially Independent
Managing your finances is one of the toughest tasks as a millennial. There is something about money matters that really make it hard for the young adults like you to deal with. However, you can control your finances if you are focused and determined to do it.
In this day and age, millennials rarely put importance to money. They might spend on something unnecessary and then wonder where did all their money go. As a young adult, you have to be responsible for your actions especially when it comes to spending. It is essential to learn the value of money . . . → Read More: 3 Crucial Financial Tips for Millennials
You have more power than you realize when it comes to paying off debt. Much of the time it is the “wants” we don’t like giving up in order to get out of debt faster (not always, but in my experience, more often than I’d admit). Creature comforts like cool air conditioning all summer long are much harder to give up than buying a generic brand of cereal versus something name brand.
But it’s time to get radical. Think about this question: What’s in it for me? The faster you pay off your debt, the less money you’ll pay in . . . → Read More: 5 Radical Ways to Get Out of Debt Faster