Buying Real Estate on Terms
Show Summary Interesting times we are dealing with out there, right? Well, I brought on an interesting friend of mine who’s going to join us on the show, Mr. Eddie Speed. Eddie…
Show Summary Interesting times we are dealing with out there, right? Well, I brought on an interesting friend of mine who’s going to join us on the show, Mr. Eddie Speed. Eddie…
Show Summary What’s up, everyone! Hey, I’m Mike Hambright from FlipNerd.com and I recently hosted an online event for members of my Professional Real Estate Investor Facebook Group, which you can…
Do you enjoy video games and esports? Do you enjoy a good rapport with fellow gaming nerds? And are you looking for a fun hobby that has the *potential* to earn money? If so, youâve probably already heard of Twitch, and if you play your cards (or your keystrokes) right, you could develop a tidy […]
The post How to Make Money on Twitch appeared first on Good Financial Cents®.
Show Summary Welcome back to the FlipNerd Show! We have not created nearly as many FlipNerd Shows as we have in the past so I’m excited to start getting things back…
Itâs easy for homes to become disorganized and full of clutter. Whether you have numerous belongings or always seem to accumulate more, itâs easy for it to become unmanageable. If so, consider incorporating structure into your cleaning routine. Creating simple habits will help you avoid the clutter and mess that always seems to accumulate at …
Create a Clean and Organized Home with These 22 Tips Read More »
The post Create a Clean and Organized Home with These 22 Tips appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
With 59 percent of adults in the U.S. living paycheck to paycheck, many people struggle to have fun while still paying for their necessities. After all, itâs hard to spend money on yourself when youâre under financial stress. But creating a fun money budget can help you have a good time with any budget. To
The post Fun Money: How To Save For It + Fun Benefits of Spending appeared first on MintLife Blog.
Investing in yourself is more than just acquiring stocks and bonds. When you make conscious decisions to invest in your financial wellbeing, health, career, and interests, you set yourself up for success in the future. Not sure where to start? Try out any of these 37 ways to start investing in yourself today. Feel free
The post 38 Ways to Invest in Yourself and Build a Better Future appeared first on MintLife Blog.
Earlier this week, J.D. wrote about what he calls the biggest truth in personal finance: You can’t get rich through frugality alone. As Liz at Frugalwoods says, “You can’t frugalize income you don’t earn.” Income is one-half the fundamental personal-finance equation, and it’s probably the most important half.
J.D. advocates a three-pronged attack for boosting income: becoming better educated, becoming a more valuable worker, and learning to negotiate salary. But I think he’s missing a fourth important income source: the proverbial “passive income”.
I know, I know. Passive income has a bad reputation. Actually, passive income has a terrible reputation. And deservedly so. The Land of Passive Income is populated by scammers, hucksters, and charlatans. “Hey, little boy, wanna buy my course?” (Sorry, no links. They’re easy enough to find without us helping them.) That’s too bad because legit sources of passive income can be a great way to make more money.
First up, let’s be clear: Actual passive “passive income” (as pitched by the scammers) is a lie. It doesn’t exist. When we talk about passive income, we’re talking about ways to make minimal money with minimal effort. Does that make sense? And it’s a supplement to your main income, not the primary source.
To me, passive income is money thatâs earned, usually on a recurring basis, without a significant time investment.
For example, if you own a rental property that brings in $1500 each month, but only requires two or three hours of time to manage, that’s (mostly) passive income. Most nine-to-five jobs are the opposite of this. The income you earn is tied closely to the amount of time you spend at the office.
Thatâs not to say that passive income doesnât require effort, though.
Often, thereâs a lot of upfront work required before income can become passive. Using the same rental property example, before you can make any money, you have to purchase and renovate the property, and spend time advertising and interviewing potential tenants. All of that takes time and money.
Or, take J.D.’s book as an example. When I asked, he told me that he spent four months working full-time in 2009 and 2010 to write Your Money: The Missing Manual. That’s not passive! But he hasn’t touched the thing since then, and he continues to receive $50 checks every month. That is passive.
Some degree of passive income is possible — and without shyster shenanigans. In this article, Iâve compiled 40 passive income ideas for you to consider. Not all of these passive income ideas will be right for you. In fact, maybe none of them will fit you. That’s okay. But I’m willing to bet that many GRS readers will find at least one source of inspiration here that they can use to help increase their income…even if it’s only a few dollars per month.
College is an exciting time for students to live on their own, make new memories, and create lasting friendships. Whatâs not exciting is the debt you might inherit once you graduate. In the last decade, student loan debt increased by nearly 70 percent, with over 43 million students facing outstanding student loan debt. What if
The post How To Get Paid To Go to College: 12 Tactics to Consider appeared first on MintLife Blog.
College is an exciting time for students to live on their own, make new memories, and create lasting friendships. Whatâs not exciting is the debt you might inherit once you graduate. In the last decade, student loan debt increased by nearly 70 percent, with over 43 million students facing outstanding student loan debt. What if
The post How To Get Paid To Go to College: 12 Tactics to Consider appeared first on MintLife Blog.