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Apache is functioning normally

May 28, 2023 by Brett Tams

Confession time: Despite a financial and business education more comprehensive than most, I never invested. I grew up poor and just couldn’t wait for my first “serious” job and those big bucks. It was so bad, I decided to drop out of college in my senior year. “None of this ivory-tower crap is going to make me any more money,” I told everyone who would listen. Fortunately, both of them were able to talk me off the ledge. One of them was my future wife, bless her little gizzard.

After graduation, my illusions were shattered: There are no high-paying jobs in a recession for someone with just a bachelor’s degree. There are hardly any jobs at all. Carol Burnett came up with the formula: Comedy = Tragedy + Time. That explains why I’ve been able to entertain so many guests after dinner with the now-humorous details of my early career. Bottom line: It took several years to set up a household on entry-level wages. My big break came when, in the final year of my MBA, I landed a job that tripled my income. (No matter what all the critics say, no single degree makes you as much money as an MBA.)

Finally, we were rolling in it. The top restaurateurs in town knew us by name. You would think that someone with such a solid education (in accounting and finance, no less) would realize the time had come to start investing. You would be wrong. We had accumulated us some Joneses along the way, up with which we had to keep, and we did some serious “keeping” for the next few years.

Of course, we told ourselves we were “investing.” (All big spenders do that.) You could call that spectacular wooded plot in the Cape (Town, not Cod) for our next dream custom-built home an investment. We did. You can call anything you spend money on “an investment” — nice cars (they will be collectible one day, you know), good wines (more valuable when aged), jewelry, and any number of other wanna-haves — investments, one and all.

Deluding yourself that what you’re doing is smart is not hard. Wise readers know where that journey ended: Our debt tripped us up in our 40s, and we got wiped out in yet another recession.

That’s when I got mad.

And that’s when I got smart. I discovered the more you make, the more you spend. And it’s true what they say: Money can’t buy you happiness. Lack of money, though, doesn’t bring you barrels of fun, either. I haven’t heard too many people say that, because it sounds materialistic; but take it from someone who’s lived on both sides of that railroad track. There is more peace in the house when the finances are in order.

This post was started in response to a question from a reader, who asked: How do you get started investing? Penny stocks, maybe? In response, I wrote a nice, sterile post with the five-point plan to get started. But after reading it over, I did the electronic equivalent of crumpling it up and tossing it in the wastepaper basket.

Why? Because I’ve heard that all before and it never got me to start when I should have started. Why, then, would it help the non-investing reader?

Everybody has heard the message that you’ve got to invest. And if I have a dollar for every “get-started” plan written, I’d be one of the sharks on “Shark Tank.” And yet, it is equally well documented how Americans are headed for retirement disaster because they don’t invest.

Why not?

1. Passion

Because none of those articles, lectures, books, posts, speeches, or admonitions addresses the starting point: passion.

Until you get mad, you’re not going to change. That’s true for any lifestyle improvement: losing weight, quitting smoking, getting fit… or investing.

So, Step One is making a passionate decision. It doesn’t matter if it’s fear, anger, humiliation, or even (dare I say it?) greed. Investing is a long, long grind. Along the way, you’ll face thousands of temptations to derail you, and very few to keep you on track. In the face of that barrage, you’ll only stay the course if you have a steely resolve, and we human beings are wired in such a way that pretty much the only way to maintain that steely resolve is to have it fueled with a long-term fire in your belly. Nothing but that passion will neutralize the onslaught of temptations coming at you day after day… after day.

Once you’ve made that resolve, pretty much anything you invest in can work. My father-in-law only invested in a savings account. You could argue with him all you want (“C’mon, Dad, you can double your earnings with any other investment!”) but a savings account was the only investment he felt passionate about. He made it work. With passion, you can make anything work.

2. Foreground

I started (late, to be sure) with a savings account. I wanted to open a brokerage account, but back then you needed a couple thousand or some huge number like that to open a new account. Along the way, I discovered a nice thing about a savings account: there’s no minimum to start, or to deposit. When we got a $15 refund for something, I could deposit that into the savings account and nobody would frown. It became a game: how high can we make it grow this month? Saving became a foreground activity, not a background activity as so many people think it ought to be.

And that, I think, is Step Two: Make your investing an intentional, “foreground” part of your life. Facing my mid-40s with nothing forced me to admit that my lifestyle was proof that I’m not a natural saver/investor. And so, just like a recovering alcoholic, I need to be very deliberate in staying off the spending wagon. No more fancy cars, no more fancy nothing… and no more Joneses.

I began measuring my worth in things other people couldn’t see.

We were surprised to see how quickly our savings grew when it became an endeavor of passion. So we signed up for 401(k) plans where we worked, and went for the maximum deductions, matching or no matching.

Mechanically, I think it’s important to start with safe investments, like a savings account, a 401(k) plan at work, stock market index funds — stuff like that. For the first four or five years, the lion’s share of your investment value will be your contributions, not your returns. You can always change your investments along the way.

The important thing is picking a safe investment you’ll feel the most passion for. Then learn as much as you can. You’ll find out soon enough what generates the most passion. Then study that for a few years and you’ll be good.

3. Opportunities

There’s something else very few people talk about, and that’s opportunity. J.D. wrote about it recently, but he’s one of very few. I discovered this a few short years into my now-passionate investing career: Once you make investing a foreground part of your life (i.e., you think about it a lot) it’s natural to want to learn more. As you do that, you become aware of things that passed over your head before. And one of those things is… opportunities.

Life brings everyone a string of opportunities. Until I became conscious of investing and made it a priority, I was totally oblivious to them. When someone would mention something that sounded like an investment opportunity, I’d cut them off with a put-down like, “Oh, that’s just a scam. Nothing could be that good. What a waste of time. Wall Street’s just a casino!” And then I’d continue debating whether this great chef’s new restaurant would be as good as his previous one.

When you’re thinking of buying a Honda, what do you see? Hondas all around you. Same with investment opportunities. It’s a well-known trait of the human brain that once you’re conscious of something, you notice much more of it. Every person has a few outstanding investment opportunities that come their way. So I’d say Step Three is to keep your eyes open for all investment opportunities that come along. Be prepared to pass on 90 percent of them, but be ready to pounce on a good one when it comes along. Being prepared comes naturally with anything you’re passionate about because you love to read about it, talk about it, and think about it.

The nutshell

As I said, it doesn’t really matter which particular investment vehicle you pick to get started, as long as it’s not too risky. Success in the long run will come from:

  1. Passion
  2. Putting investing in the foreground of your mind
  3. Preparing yourself to take advantage of unique opportunities which will, almost inevitably, cross your path. Preparing includes learning how to distinguish between get-rich scams and real opportunities.

No two of the people I know who succeeded in their investing followed the same path to success, or invested in the same things. But all of them were passionate about it, thought about it a lot and took advantage of at least one good opportunity which gave them that boost you can never plan for.

It’s easy to talk yourself out of anything and find fault with any option. Those who succeeded didn’t talk; they acted. To misquote my good friend Vern: thinkers think and doers do. Until thinkers do and doers think, investing is just another word in the overburdened vocabulary of broke Americans.

Source: getrichslowly.org

Posted in: Investing, Retirement, Taxes Tagged: 2, 401(k) plan, About, All, before, big, Books, brokerage, brokerage account, Built, business, Buy, Buying, cape, Career, cars, casino, College, comedy, contributions, couple, custom, Debt, decision, deductions, deposit, disaster, double, dream, Early Career, earnings, education, entry, Finance, finances, Financial Wize, FinancialWize, fire, formula, fun, funds, future, get started, good, graduation, great, Greed, Grow, guests, Happiness, home, house, household, How To, improvement, in, Income, index, index funds, Invest, Investing, investment, investments, Investor, job, jobs, journey, Law, Learn, Life, Lifestyle, Make, making, market, MBA, money, More, more money, natural, new, oh, one day, opportunity, or, Other, peace, penny, penny stocks, percent, plan, Planning, plans, poor, pretty, proof, ready, Recession, Refund, restaurant, retirement, returns, rich, safe, safe investments, saver, Saving, savings, Savings Account, scam, scams, short, single, smart, Spending, stock, stock market, stocks, time, town, unique, value, wages, wall, Wall Street, will, work, wrong

Apache is functioning normally

May 28, 2023 by Brett Tams

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Wall Street is a place that people love to hate.

The Wall Street of today, however, could not be further from the one we know and fear: it’s a trillion-dollar industry with innovation brewing in every corner. You may have heard about these innovations on The Big Short or Moneyball but you might want to broaden your horizons when it comes to movies that feature this major American institution.

While learning about money, finances, and the stock market may or may not be your thing, there is plenty to learn while being classically entertained.

When you’re studying for the MCAT, going through a financial audit, or watching skyrocketing inflation happening before you, it can be hard to find films that accurately portray modern finance.

But Wall Street is full of memorable characters and interesting situations with plenty of twists and turns to keep your attention.

Whether you’re looking for movies about trading on Wall Street or movies about money itself, here are 25 classics worth watching over and over again!

Followed by a list of the best documentaries on stock market trading.

Wall Street is one of the most fascinating and exciting places on Earth. The best movies about Wall Street capture the excitement, drama, and humor that are found in this industry.

Best Movies About Wall Street

Plenty of movies have been made about Wall Street over the years. There is a fascination with the life of a trader and how it intersects with business.

The order dated from the oldest movie to the most recent film.

Here are 25 of the best films set at the intersection between finance and our culture:

1. “Edison, the Man” (1940)

The movie is about the life of Thomas Edison, one of the most famous inventors in history.

The main character is played by Spencer Tracy, who does a great job portraying businessman Thomas A. Edison. The story follows Edison’s journey from being a stockbroker on Wall Street to becoming one of the most famous inventors in history.

Most of the film’s script is fictionalized or exaggerated, it should be viewed as such.

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2. “Citizen Kane” (1941)

Citizen Kane is a 1941 American drama film directed by, produced by, and starring Orson Welles. The picture was Welles’s first feature film. The screenplay, written by Herman J. Mankiewicz and Welles, was based on the life of William Randolph Hearst.

Citizen Kane helped form the idea that there should be a cultural shift in how we view Wall Street. It is considered to be one of the greatest movies ever made because it’s highly innovative, artistic, and technical with many different themes being explored throughout its runtime.

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3. “It’s A Wonderful Life” (1946)

“It’s A Wonderful Life” is a classic movie for the generations.

The protagonist of the movie is George Bailey. The movie revolves around the idea that if George Bailey never existed, life would be much worse off. This film is a classic and a must-watch for anyone interested in finance or business.

Ultimately, he learns some valuable lessons about life and himself.

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4. “Trading Places” (1983)

“Trading Places” is the funniest movie about Wall Street. The plot revolves around how one man’s fall from Wall Street is another man’s blessing.

It’s a classic movie about Wall Street that is still relevant today. The film follows the story of two men whose lives are drastically changed when they’re made the subject of a bet on Wall Street. It stars Dan Aykroyd, Eddie Murphy, Ralph Bellamy, Don Ameche, Denholm Elliott, and Jamie Lee Curtis.

Released in 1983, Trading Places was a box-office success. Earning over $90 million, the film became the fourth-highest-grossing film of that year in the United States and Canada. Furthermore, it was critically acclaimed for its humor and cast.

John Landis directed “Trading Places” and it is an absolute classic. Watching Murphy talk about futures and markets is hilarious.

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5. “Working Girl” (1988)

“Working Girl” is a 1986 romantic comedy-drama film directed by Mike Nichols and written by Kevin Wade. The film stars Melanie Griffith, Harrison Ford, Sigourney Weaver, Alec Baldwin, and Joan Cusack. It received many Academy Award nominations in 1989, including Best Picture and Best Actress (for Griffith).

The story follows Tess McGill (Griffith), an ambitious secretary who pitches a profitable idea to her boss only to have her boss take credit. After her boss (Weaver) is out with a medical injury, Tess teams up with investment banker Jack Trainer (Ford) to make a big deal. Things get complicated when her boss comes back and discovers what Tess has been up to.

“Working Girl” was praised by critics upon release and became a box office success. It grossed over $96 million worldwide against its $13 million budget.

The idea for Working Girl came when writer Kevin Wade and producer Douglas Wick were in New York City together in 1984 and noticed throngs of career women walking to work while carrying their high heels (source).

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6. “Wall Street” (1987)

“Wall Street” is a 1987 American drama film directed by Oliver Stone and starring Michael Douglas, Charlie Sheen, and Daryl Hannah. The film tells the story of Bud Fox (Sheen), a young stockbroker who wants to make it big in the world of finance.

An eager and inexperienced stockbroker is willing to do anything to get ahead, including going through an unscrupulous shady corporate raider who takes the young-in-awe under his wing.

The movie was nominated for seven Academy Awards, including Best Picture and Best Actor (Michael Douglas).

A sequel titled “Wall Street: Money Never Sleeps” was released 23 years later.

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7. “Bonfire of the Vanities” (1990)

“Bonfire of the Vanities” is a movie that captures the class-consciousness of 1980s New York.

The film focuses on Wall Street and New York City’s stratification issues. In particular, it focuses on the Manhattan elite and how they are separated from other social classes in the city.

The film is based on a book by Tom Wolfe, who was inspired by his own experiences living in Manhattan during that time period.

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8. “Other People’s Money” (1991)

Other People’s Money is a 1991 American comedy-drama film directed by Norman Jewison and starring Danny DeVito, Gregory Peck, and Penelope Ann Miller. DeVito plays a ruthless businessman who buys companies and sells off their assets to make him rich.

Along the way, this corporate raider falls in love with the wife’s daughter, who is a lawyer. An avid lover of this woman, the corporate raider attempts to win her heart through legal maneuvering.

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9. “Glengarry Glen Ross” (1992)

Glengarry Glen Ross is a 1992 American drama film adapted by David Mamet from his 1984 Pulitzer Prize-winning play Glengarry Glen Ross. The film was directed by James Foley and stars Al Pacino, Jack Lemmon, Alec Baldwin, Alan Arkin, and Kevin Spacey.

“Glengarry Glen Ross” is a movie about the incentives of real estate salesman. This drama-filled movie shows what people will do to close a sale.

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10. “Barbarians at the Gate” (1993)

Barbarians at the Gate is a 1993 American drama made-for-TV movie based on the book of the same name by Bryan Burrough and John Helyar. The film was directed by Glenn Jordan and stars James Garner as H. Ross Perot, Peter Riegert as Henry Kravis, and Swoosie Kurtz as Ruth Harkness.

The film tells the story of a leveraged buyout between two Wall Street insiders who battle for control over a company. It is considered one of the best movies about Wall Street because it provides an inside look at how these deals are made.

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11. “The Associate” (1996)

The Associate is an American comedy movie released in 1996.

Investment banker Laurel Ayres (Whoopi Goldberg) is an associate for an investment firm who has great advice but doesn’t get the respect she deserves because she is a black woman.

Money is power, so she uses a white man as her partner. The protagonist has great advice but no one will take it seriously because she’s a woman of color with an African American sounding name. To prove her worth, the protagonist creates a fictional white male figure to be her business partner to make people listen to her more than they would otherwise.

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12. “Rogue Trader” (1999)

Rogue Trader is a 1999 British drama film directed by James Dearden and starring Ewan McGregor and Anna Friel. It is based on the true story of Nick Leeson, a British trader who caused £800 million or about $1 billion in losses through unauthorized trades in 1987, and his attempt to cover up his losses by falsifying account documents.

Nick reads in the newspaper that the company went bankrupt and then realizes the severity of his losses. Him and his wife then decided to go back to London, but Nick is arrested en route from Frankfurt. Finally, Nick is extradited to Singapore where he is sentenced to six and a half years in prison.

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13. “American Psycho” (2000)

American Psycho is a satirical psychological horror film that was released in 2000 and is based on the novel of the same name by Bret Easton Ellis.

The film stars Christian Bale, Willem Dafoe, Jared Leto, Josh Lucas, Chloë Sevigny, Samantha Mathis, Cara Seymour, Justin Theroux, and Reese Witherspoon. It debuted at the Sundance Film Festival on January 21, 2000, and was released theatrically on April 14, 2000.

American Psycho is a movie about Patrick Bateman, a successful Wall Street executive with an inner darkness that leads him to commit heinous crimes. The film has developed a cult following over the years and is now considered a classic. Additionally, it has made a strong presence in contemporary meme culture.

A direct-to-video sequel, “American Psycho 2” was released in 2002.

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14. “Boiler Room” (2000)

Boiler Room is a movie about Wall Street corruption. It stars Giovanni Ribisi, Vin Diesel, Nia Long, Ben Affleck, Nicky Katt, and Jamie Kennedy.

This movie is about a young man, played by Giovanni Ribisi, who ran an unlicensed casino, but wasn’t making the living his father, a New York City judge wanted. So, with the promise of being a millionaire, he becomes a stockbroker in a brokerage firm.

In fact, the brokerage firm was running Pump and Dump schemes – investment scams that involve artificially inflating the price of stocks before dumping them onto uninformed investors.

The movie was met with mixed reviews by critics but audiences seemed to enjoy it more. I mean it did star Ben Affleck.

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15. “The Bank” (2001)

This Australian movie “The Bank” is about finance software that predicts stock market trends.

This drama-thriller heist film was directed by Frank Oz and written by Paul Schrader. The critical response was mixed but praised its acting performances, particularly from Al Pacino and Jennifer Wright Penn.

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16. “The Pursuit of Happyness” (2006)

“The Pursuit of Happyness” is a 2006 American biographical drama film based on the life of Chris Gardner. It tells the story of how he rose from homelessness to Wall Street success. The movie was directed by Gabriele Muccino and stars Will Smith in the leading role. It grossed over $307 million worldwide, making it one of Smith’s highest-grossing movies. In 2006, Will Smith was nominated for the Academy Award for Best Actor for his portrayal of Gardner.

The movie is set in San Francisco, California, and follows Gardner’s trials and tribulations as he strives to become a successful stockbroker. Despite being homeless with a young son, he never gives up on his dream. The film finishes with him landing a job at Dean Witter Reynolds and becoming a millionaire five years later.

Although “The Pursuit of Happyness” is not technically about Wall Street, it is an excellent depiction of what it takes to be successful in this field – grit, determination, and perseverance in the face of adversity.

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17. “Wall Street: Money Never Sleeps” (2010)

Wall Street: Money Never Sleeps is a 2010 American drama film directed by Oliver Stone. It is a sequel to Wall Street (1987), which was also directed by Stone. The film stars Michael Douglas, Shia LaBeouf, and Carey Mulligan.

The movie begins with the release of Gordon Gekko (Michael Douglas) from prison, where he has been for eight years for insider trading and securities fraud. He immediately goes to see his future son-in-law, Jacob (Shia LaBeouf), who is now working on Wall Street. Gordon helps Jacob get back at the man who screwed his mentor’s firm over.

The movie covers the events leading up to the financial crisis of 2008 and explores how it affects individuals, society, and culture. The firm was highly successful at the box office earning more than $134 million worldwide.

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18. “Margin Call” (2011)

Margin Call is a movie about Wall Street and bankers. It is considered a classic, and it was released in 2011. The banker in the movie has created a financial model that shows the firm will be completely underwater, but before he can show anyone else, he gets fired. He hands his model off to a junior banker who then has to save everything from this one data point on his laptop in the middle of the night while everyone is asleep.

Everyone wonders if “Margin Call” is a true story. While there is no specific person or company name, it rings true of what happened in the 2007-2008 financial crisis.

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19. “Too Big To Fail” (2011)

“Too Big To Fail” is a 2011 HBO adaptation of the book by Andrew Ross Sorkin. The movie covers the 2008 financial crisis and follows bankers who meet behind closed doors with regulators to negotiate the federal bailout of the financial industry.

The film was able to feature a parade of stars who played different bank and investment bigwigs. While it’s based on true events, there are some dramatizations in order to make for a more compelling film.

It’s an interesting look at how Wall Street operates and what happens when things go wrong.

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20. “Cosmopolis” (2012)

“Cosmopolis” is a movie starring Robert Pattinson about an incident involving currency speculation. The plot of the movie is quite complicated and may leave viewers scratching their heads as to what just happened.

The protagonist, Eric Packer, is a Wall Street investor who finds himself in the middle of an unexpected incident while in New York City. His wife and lover are introduced throughout the story but it doesn’t make sense why they would be in New York City together.

This movie has a lot of intrigues that will keep you on your toes as you weave through his personal life and the emotional rollercoaster of trading!

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21. “Arbitrage” (2012)

“Arbitrage” is a movie about an ambitious hedge fund manager who tries to sell his company before anyone finds out he’s cooked the books. The plot involves a mistress accidentally dying in a car accident and its cover-up, with help from an unlikely source.

The movie is well acted and suspenseful and provides great insight into the world of high finance.

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22. “The Wolf of Wall Street” (2013)

The Wolf of Wall Street is a 2013 American biographical black comedy crime film directed by Martin Scorsese and written by Terence Winter, based on the memoir of the same name by Jordan Belfort. The film stars Leonardo DiCaprio as Belfort, Margot Robbie as his wife Naomi Lapaglia, Jonah Hill as Donnie Azoff, and Kyle Chandler as Patrick Denham.

This true story of Jordan Belfort, who starts his own company in the early 1990s and quickly grows their company – more importantly their status in the trading community on Wall Street. At the same time, so do their substance abuse and lies. Belfort is named the Wolf of Wall Street by Forbes Magazine. Soon after, the FBI look into Belfort’s trading schemes…

Now, you will have to finish the movie to see what happens.

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23. “The Big Short” (2015)

The Big Short is a movie about the 2008 financial crisis and Michael Burry’s role in it. It was directed by Adam McKay and stars the brilliant ensemble cast in this movie of Christian Bale, Steve Carell, Ryan Gosling, Brad Pitt, and Marisa Tomei. The film was nominated for five Academy Awards, including Best Picture and Best Director (source).

Viewers praise the film for being entertaining and broad. It is among the top Wall Street movies.

Not many people are brave enough to go against the market trends and big banks except for Michael Burry. Who came out ahead on the big short in the housing market?

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24. “Money Monster” (2016)

George Clooney and Julia Roberts team up in this financial thriller as TV show hosts who are taken hostage at gunpoint due to an irate investor. There is a tense standoff taking place on live television.

The film was directed by Jodie Foster and received mixed reviews, but still did well at the box office.

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25. “The Wizard Of Lies” (2017)

The Wizard of Lies is a 2017 American biographical drama film about the fall of Bernie Madoff. Madoff’s Ponzi scheme was highly watched across the world as it was the largest spam in US history as he robbed at least $65 billion from unknowning victims. The film stars Robert De Niro as Bernie Madoff, Michelle Pfeiffer as Ruth Madoff, Alessandro Nivola as Mark Madoff, Nathan Darrow as Andrew Madoff, and Kristen Connolly as Catherine Hooper.

The film shows how the family of Bernie Madoff falls apart amidst the scandal.

“Bernie Madoff” is a biopic about the infamous Ponzi schemer who was jailed for orchestrating one of history’s largest financial pyramids. The film utilizes Robert DeNiro as Bernie Madoff, and tells the story from his perspective. Critics praised the film for being powerful.

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What movies are about Wall Street?

Picture of a street sign of Wall street for what movies are about wall street

There are a lot of great movies about Wall Street, but it can be hard to pick the best ones.

Some of our favorites include “Too Big to Fail,” “Boiler Room,” and “The Wolf of Wall Street.”

Which movie is based on stock market? Much Watch Ones

Picture of trading software for which movie is based on stock market.

There are many movies based on the stock market. Some of the most popular ones include “The Wolf of Wall Street,” “The Big Short,” and “Margin Call.”

These movies tell the story of people who have made or lost a lot of money trading stocks and other investments. They offer a fascinating look at what happens behind the scenes on Wall Street, and they can be very educational for anyone interested in investing.

What Are the Top 3 Hedge Funds Movies to Watch?

There are a number of great movies about Wall Street and the hedge fund industry. Some of the most popular ones include “The Big Short“, “Boiler Room“, and “Arbitrage.”

These movies offer a fascinating look into the world of high finance and provide an interesting perspective on the industry. Hedge funds can be very profitable, but they can also be risky. Watch these films to learn more about the risks involved in this kind of investing, as well as the rewards.

Best Finance Documentaries

Picture of a guy in a business suit for the best finance documentaries

Ever since the 2008 financial crisis, film buffs have been obsessed with anything related to Wall Street.

From the “Trader” to the “Inside Job”, Hollywood seems ready to take on the global financial sector.

We’ve compiled a list of some of the best finance-related documentaries available to watch.

1. “Trader” (1987)

In the 1987 film “TRADER,” Paul Tudor Jones II offers a highly charged look at what it takes to make it as a Wall Street trader. The film was shot before the October 1987 crash, so it is an interesting historical artifact.

It delivers a rarely seen view of this marketplace and explains the workings of this frantic, highly charged area. This film is important because it captures America as it nears the end of its 200-year bull market.

“Trader” is a fascinating look into the minds of traders and their thought processes. It provides an inside look at the strategies that traders use to make money and how they think about the markets. If you are interested in learning about trading or want to get a better understanding of how it works, then Trader is a must-read documentary.

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2. “The Trillion Dollar Bet” (2000)

The Trillion Dollar Bet is a documentary about a magic formula, specifically the Black–Scholes–Merton formula, which was dreamed to reduce risk in the stock market.

It is an interesting film because it portrays Wall Street in a way that many people have never seen before. As they started to use this “dream” formula, they started losing huge amounts of investments each day. The movie focuses on the rise and fall of hedge funds, with a specific focus on the 1994-1998 period when one of them went bankrupt.

The documentary will interest many people who are interested in finance, economics, and investing.

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3. The Corporation (2003)

“The Corporation” is a documentary film written by Joel Bakan, and directed by Mark Achbar and Jennifer Abbott.

Released in 2003, the film examines the nature of the modern corporation, considering its legal status as a “person”, and how this affects different aspects of corporate behavior. The film won numerous awards including at the Sundance Film Festival (source).

And check out the latest… The New Corporation: The Unfortunately Necessary Sequel

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4. Enron – The Smartest Guys in the Room (2005)

The film “Enron – The Smartest Guys in the Room” tells the story of Enron, a company that was involved in accounting fraud and created $30 billion worth of debts. Enron is often seen as an example of corporate corruption and the Enron incident is often considered the best example of that.

This documentary tells the story of how Enron became one of the largest companies in America before its collapse.

Critics reviewed the film positively and it also received good ratings from audiences.

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5. Wall Street Warriors (Season 1-3 | 2006)

If you’re looking for a reality TV series that will take you inside the fascinating and high-pressure world of Wall Street, look no further than “Wall Street Warriors”.

The show follows the lives of those working on Wall Street – from traders to investment bankers to hedge fund managers.

There are 3 seasons, with each season consisting of 26 episodes. So whether you’re looking for an hour of entertainment or you want to learn more about the financial industry, “Wall Street Warriors” has something for you.

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6. The Ascent of Money (2008)

The documentary traces the origins of money, credit, and banking throughout history.

The title is interesting because it provides a comprehensive overview of how money has evolved over time. The documentary also interviews experts from various financial backgrounds, which makes it an insightful watch for anyone looking to gain a better understanding of finance.

The Ascent of Money is a 2008 documentary film written and directed by Michael Lewis and won an International Emmy Award.

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7. Floored (2009)

The documentary focuses on the futures exchange in Chicago, and how digitization and computerization are changing trading floor practices. It features interviews with various traders who offer their insights into this rapidly-changing industry.

Watch On:

8. Million Dollar Traders (2009) – Mini Series

These ordinary traders did better than the pros. Some of the best traders included a student, a soldier, and a single mother of 2 children. They may have lacked experience, but they made up for it with guts and determination.

The reality mini-series happens during the recession of 2008 – also known as not a great time to be a trader. As the market falls, the story becomes personal for many of these non-traditional traders.

In fact, this is similar to what Teri Ijeoma is doing today.

Watch On:

9. Capitalism: A Love Story (2009)

Capitalism: A Love Story is a 2009 documentary film written and directed by Michael Moore. The film examines the financial crisis of 2007-2008 and the subsequent economic recession.

The criticism in Capitalism: A Love Story is clearly pointed at businesses that take risks for profit-led motives, with public funds ultimately securing the risk. For example, Moore interviews former Merrill Lynch CEO John Thain, asking how much money he made while his company was losing $8 billion per quarter.

Moore interviews many too financial gurus to ask the question – What is America’s cost for its love of capitalism?

Watch On:

10. “Inside Job” (2010)

Inside Job is a made-for-television documentary about the Fall 2008 financial crisis.

This documentary tackles the 2008 financial collapse in a way that is easily digestible, featuring interviews with experts in the field of finance. The film takes a look at some of the factors which led to the Great Recession, such as deregulation and Wall Street executives going unpunished.

The film walks viewers through topics such as extreme consolidated power on Wall Street, questionable banking practices which helped create the housing bubble, and federal regulators’ bailout that kept most big banks afloat after the 2008 financial collapse.

The movie was directed by Charles Ferguson, and it won an Academy Award for Best Documentary in 2011.

Watch On:

Most Acclaimed Wall Street Movies

Picture of a movie theater for the most acclaimed Wall Street movies.

Many people ask, is there any movie on stock market? In fact, there are plenty!

In fact, there is probably a new flourish of movies being made about the economic effects from 2020 onward.

These are the top Wall Street Movies you must watch!

What is your favorite movie about wall street?

Everyone will have their favorite pick!

Start a movie club and discuss which Wall Street movies. This is a great way to understand the impact of what is going on in the financial markets.

Which Must Watch Stock Market Movies are on Your List?

These movies and documentaries are incredibly informative to find out what is happening on Wall Street and how things are handled.

They offer great insights into what can happen when things go wrong on Wall Street. If you’re interested in finance or investment banking, I highly recommend watching these movies!

More Resources for You…

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org

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Apache is functioning normally

May 28, 2023 by Brett Tams

Last Updated: April 27, 2020 BY Michelle Schroeder-Gardner – 3 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

The following is a sponsored post.

Retirement is the most complicated time in your life, financially. That’s driven by many factors, including: (1) you don’t know how long your retirement will last, (2) you won’t have a traditional salary coming in the door, and (3) you might not have the same mental capacities as you do now to make financial decisions.

The complicated nature of retirement has increased over time as life expectancy has increased — from around 60 years in 1930 to closer to 80 years today — and pensions have gone away. Maybe your parent or grandparent has a pension? That pension, which might not seem like a big deal when you’re young, makes a big difference in retirement. It fixes all three issues listed above by providing you a continuation of your salary for as long as you live. Now, not only are employers not offering them, but many of us don’t have traditional jobs with benefits in the first place.

Still, for all of us DIYers out there who know how to take control our financial lives and make things happen, there are solutions for us. To make sure we’re financially comfortable and safe in retirement, we need to be aware of the risks and take the right steps to be protected. This of course means thinking about this and planning ahead years before we expect to retire.

Here are the 4 best tools to keep you safe in retirement:

1 – Social Security (I’m serious here…)

Social Security is the golden child of retirement planning. It is THE BEST option we have out there to keep us safe. It’s basically a pension provided by the government. Here’s how it works: While you’re working and paying taxes, you earn Social Security credits. As long as you’ve earned at least 40 credits (1 credit for every $1,320 you make, max of 4 credits per year), you’ll qualify to receive benefits in retirement. The more credits you earn, the more your benefit, which is a monthly paycheck in retirement, will be. That monthly check can start between ages 62-70 and will continue for life, each year potentially increasing for inflation. The longer you wait to start it, the more your benefit will be.

To take full advantage of Social Security, do the following:

  1. Maximize your credits by making sure your reported taxable income is at least $5,280 every year. (This number is based on the 2018 credit value of $1,320 which does go up over time.)
  2. Plan to delay the start of your Social Security to the maximum age of 70. You’ll get an 8% increase in your benefit each year you delay them past full retirement age (67).
  3. Keep track of your Social Security benefit by creating an account. Knowing how much you’ll be receiving each month will make it easier for you to plan how you’ll cover the remaining expenses that exceed your benefits.

2 – Blueprint Income’s Personal Pension

Employers have decided to stop offering pensions, instead providing better access to the stock & bond markets through 401(k)s. But, you can still get yourself the benefits of a pension — steady, guaranteed income that continues for life — independent of what your employer offers. Blueprint Income’s Personal Pension is an account you create and fund just like you fund your 401(k), IRA, or brokerage account. But, instead of putting money in the market, the money in your Personal Pension gets converted into guaranteed, lifelong income backed by insurance companies, of which Blueprint Income has 15 on their platform. (The technical product that makes this possible is called an income annuity, which is what the first generation of pensions used.)

Use the Personal Pension to supplement your Social Security so that all of your most important expenses in retirement will be covered no matter how long you live, and even if the market crashes. Here’s what to do:

  1. Head to Blueprint Income to build a Personal Pension plan. You can set a goal for how much income you want in retirement and they’ll tell you how much to put in over time.
  2. If you have an idea of how much your basic expenses will be in retirement, use that minus Social Security as your income goal. If you don’t know, just set it at $2,000 per month and work with their time to refine it later.
  3. Decide where the money to open the account will come from (minimum of $5,000). You can use existing retirement savings (Traditional IRA, Roth IRA, 401(k) rollover) or new savings from your bank account.
  4. Then, keep contributing over time as little as $100 per month to build up your retirement check. If something happens, you can always skip/cancel/change contributions without penalty.

3 – Tomorrow, The Family Financial Planning App

The first two tools protect you from the risk that you live longer than expected and the risk that the stock market crashes. But, what will happen when you pass away? Not only is that emotionally challenging for your loved ones, it can also create very complicated financial situations for them. The Tomorrow app provides a super easy and user-friendly way to make important long-term financial decisions and set up appropriate wills and insurance contracts.

Here’s what you can do through the Tomorrow app:

  1. Create a last will & testament for free. Having a will is important because it specifies who will be the guardian of your kids and pets and specifies what should happen to your assets.
  2. Create a trust fund, which when paired with a will, has the benefit of protecting your privacy, reducing probate costs, and allowing for better distribution of your assets.
  3. Determine and buy the right amount of term life insurance. This is the simplest form of protection for your family over the period of time that a premature death would harm them financially.

4 – EverSafe, Protection from Fraud, Scams & Financial Exploitation

At the beginning, I mentioned that retirement becomes a risky time in your life because of your potentially diminished cognitive capabilities. This reality makes seniors easy targets for financial abuse and exploitation. Elder financial abuse can take many forms, including petty theft, fraud, scams, misguided home repairs and bad financial advice. EverSafe is a personal detection and alert system that stops exploiters from taking advantage of you.

Consider signing up for EverSafe as you approach retirement, or for your loved ones who are already in retirement, to get the following services:

  1. Analysis of your daily transactions for erratic activity and anomalies like unusual withdrawals, missing deposits, etc.
  2. Alerts by email text, or phone to you and your trusted advocates when suspicious activity occurs.
  3. Tools to manage and resolve any fraudulent activity.

With these tools, plus all of the good day-to-day and long term financial sense I know you already have, you’ll set yourself up for a comfortable retirement where, ideally, you never even have to think about money or risk!

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Source: makingsenseofcents.com

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Apache is functioning normally

May 26, 2023 by Brett Tams

This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.


When you are trying to tighten down the hatches on your spending, you are doing everything possible to stick to your budget.

You are determined to stick to your budget this time around. But, you always hear that budgeting can be hard.

Well, here are some quick budgeting tips that will make sure to stick to your budget.

As most new budgeters learn, they struggle to stick to a budget for their monthly expenses. It is a natural process everyone goes through.

Budget, if you are looking for an easy button, then learn which payment type is best if you are trying to stick to a budget.

Especially if you spend a lot of time on social media, studies have shown you are more likely to overspend. So, you must learn which payment type will have you stick to a budget.

Then, you may be wondering and wanting help deciding which payment type is best for you.

Which payment types is best if you are trying to stick to a budget? Do you want to stick to a budget but find it difficult in choosing which of the many options available including budget debit cards? This guide will help you decide among the different types of payments on the market.

The Optimal Solution Payment Type Solution

The most efficient payment type is something that is instantaneous and there are no fees associated with the transaction.

  • Cash is the most efficient payment type: Cash payments are usually the most efficient and convenient way to pay for goods or services.
  • Credit cards can be a less favorable option: Credit cards tend to have high-interest rates and can lead to financial disaster if used irresponsibly.
  • Debit cards are a great way to keep your spending within your budget: Debit cards should be considered a top priority for budgeting because they keep you within your spending limits.
  • Developing a budget will help you avoid financial disaster: A budget helps you stay organized and make informed decisions about which payment method works best for you.

Today, there are so many options on which payment type to use in today’s online world.

1. Cash

Cash is a payment type that can be used to reduce debt spending. It is versatile and can be used for a variety of expenses, such as groceries, medical bills, and gym memberships.

Cash is an excellent choice for people just starting to budget and save.

It is more restrained than credit or debit cards. The envelope method of cash budgeting can be used to train your brain to reduce spending. Cash is the most traditional payment method and has the fewest drawbacks. However, you need a safe place to store your cash, and some stores may not accept it.

Benefits of Cash:

  • Cash is an excellent payment type when your financial goals are to reduce debt spending.
  • Cash is a finite payment method that prevents you from overspending.
  • You have a set amount of money to spend each month, so there’s no chance of overspending.
  • Easy to track with the envelope method: Utilizing the envelope method ensures that you are tracking your spending (i.e groceries, gas, medical bills) and making sure that you aren’t overspending.
  • Cash is a quick and easy way to pay for goods and services.
  • No Fees. No maintenance fees or interest rates as credit cards. Cash is just plain cash – printed paper of currency.
  • You can avoid high fees associated with card transactions: There are no associated fees when paying with cash, making it the cheapest option overall.
  • Cash discounts may be available. Since you are paying with cash many small businesses offer a cash discount of 2-5%.
  • You can use cash at any store: No need to carry around extra cards or checks.
  • It’s easy to get cash: You can easily get cash and make extra cash.
  • There’s no need for bank account details: No need for bank account details means you’re free from identity theft risks and other inconveniences that come with having a bank account.
  • Cash allows you to skirt some financial regulations: Because cash payments don’t fall under the purview of many financial regulations, businesses can take advantage of loopholes in the law that allow them to charge higher interest rates on loans or engage in shady business practices. (highly recommended to stay above book)

Cons of Cash:

  • Possibility of losing or stolen cash: Keep your cash in a safe place!
  • You need a safe place to store your money: Another disadvantage of using cash is that you may need a safe place in which to keep it – some stores don’t accept it as a payment method.

Why Choose Cash?

  • Total control over your money, so there’s little chance of unexpectedly running out of funds.
  • Cash is a great way to stay on budget, as you can easily track your spending and see where you need to cut back.
  • Unpleasant to spend money with cash, which can help train your brain to reduce spending.
  • Cash is a quick and easy way to pay: Using cash eliminates the need for banks, credit cards, or other forms of payment.

Verdict: Paying with cash is the best method for budgeting and saving.

Overall, cash is a great payment type when it comes to budgeting. You can immediately see how much money you’ve spent and what needs to be cut back.

You can’t make impulsive buying decisions with debit cards or credit cards.

With a finite amount you can spend, cash is an excellent choice to prevent overspending. According to research, paying with cash can feel unpleasant, which can train your brain to reduce spending as much as possible.

2. Credit cards

Credit cards offer a number of benefits, including convenience, cash back, and the ability to make large purchases or pay bills in case of emergency. However, credit cards also come with credit card debt and can lead to overspending and financial problems if not used carefully.

For many, credit cards are the easiest way to blow your budget because you don’t have control over how much money you spend.

It is possible to overspend with credit cards if you are not mindful of what you charge.

On the flip side, this is a preferred method as many credit cards also offer rewards programs that give you cash back or points for purchases. If you make the conscious decision to use credit cards, you must make payments on time to avoid penalties.

Benefits of Credit Cards

  • Credit cards are convenient: Convenient to use and don’t have to worry about losing cash.
  • Use a credit card if you are disciplined and have strict spending habits: If you are disciplined and have strict spending habits, then using a credit card can work well for budgeting purposes.
  • Flexibility on larger purchases: Some benefits that come with having a credit card include more cash flow as well as being able to make larger purchases.
  • Credit cards provide support in times of crisis: Many credit cards offer extended services that can help like 24-hour fraud protection, lost wallet services, traveler’s insurance, and many other benefits – check each issuer for details.
  • $0 Liability on Unauthorized charges: Your credit card company will not be held responsible for any charges that were not authorized by you. This means that if you did not authorize a charge in person, online, or otherwise, you will not be responsible for it.
  • Fraud protection: Check your credit card issuer, but many offer fraud protection.
  • New card introductory APR is helpful to pay down debt: The introductory APR for the new card may not last long.
  • Payments on balance transfer should be manageable: Make sure that the payments on your balance transfer are manageable.
  • Points: You can accrue points along with your spending which can be a great perk.
  • Credit card interest rates are significantly lower than payday loans: Interest rates on credit cards are usually much lower than payday loans.
  • Due Date is After your statement closes. Since your bill cycle is at least another 21 days between the closing date for your statement and the due date, it gives you flexibility. Personally, I still account for the credit card bill in the same month that it was accrued.

Cons of Credit Cards

  • Potential for credit card debt: When using a credit card, be aware of your credit limit and the interest rate that you will have to pay on your debt. Also one of the categories of debt.
  • Credit limit often leads people to spend money: The credit limit often leads people to spend money by giving them a false sense of security, when they should stick to a budget and pay attention to their credit card statement and the billing cycle.
  • Credit card overspending can lead to debt: Consider the purchase if it is essential or delay it if possible.
  • Ability to easily purchase something you cannot afford. Buying something that you don’t have the money saved up for will cost you interest fees associated and maybe even with a credit card balance transfer.
  • There are a number of fees associated with a balance transfer: Transfer fee, interest on new purchases charged to the card.
  • Your introductory APR may not be valid if you make too many payments late: If you fall more than 60 days behind on payments your introductory APR might be canceled and you may face higher interest rates.
  • Credit score can suffer from debt: When you carry a credit card balance or don’t pay your monthly bills on time, you will lower your credit score.
  • Avoid carrying a balance: Pay your statement in full each month to avoid paying interest and maximize your grace period.

Key Takeaways on Credit Cards

  • Make sure to pay attention to the dates: Don’t spend more than you can afford, and make sure you’re making your minimum monthly payments on time so that your debt doesn’t increase over time.
  • A credit card can be used for budgeting only if you’re very disciplined: If you know that overspending is NOT an issue and you pay the credit card’s monthly balance in full, then using a credit card is fine.
  • Credit card transactions usually take several days to register in the feedback system: Something to look out for!
  • You can step back into debit cards or cash if needed: If credit cards are not for you, there are other options available such as debit cards or cash

3. Debit cards

Debit cards are a good option if you want to stick to a budget because the predetermined amount of funds can help you stay within your means. Additionally, debit cards are more convenient than cash and just as accepted as credit cards in most places.

A debit card works more similarly to cash than to credit cards.

They provide an easier way to track your spending and avoid having to carry a lot of cash.

Pros of Debit Cards:

  • No Need to Carry Cash: A debit card is better than cash because you don’t have to carry a lot of paper money and change around, and they’re also safer.
  • Debit cards are faster and easier to use: Debit cards work just like credit cards – withdrawing cash, making purchases, and paying bills – but they are linked directly to your bank account, so there is no need to carry around a separate cash envelope wallet or purse for them.
  • A debit card is a good option if you want to stick to a budget: Debit cards come with a predetermined amount of funds that you can spend from your bank account just like cash.
  • Tracking payments is easy with debit cards: Your debit payments will appear on your issuer’s dashboard, which you can monitor anytime from any location.
  • Convenience: Debit cards are more convenient to use and faster than needing to write a check or carry around cash. Plus they don’t add to your debt.
  • Shopping online is easy. You can use your debit card to make online purchases with your bank account, and digital banking tools make tracking your spending easy.
  • Points: Some debit cardholders can earn points for spending on their cards, which can be redeemable for rewards such as cash back or gift cards. This is new to compete with credit cards.
  • Fraud protection is typically offered for free with most debit cards—meaning if your card is stolen or used without your permission, you can get your money back.
  • No impact on your credit report. When you use a debit card, the funds are actually withdrawn from checking or savings accounts so there is no credit reporting occurring.

Cons of Debit Cards:

  • An overdraft on a debit card can happen when a purchase exceeds the amount of money in the checking account, leading to overdraft fees.
  • Funds on hold with fraudulent charges. If your account gets hacked, your losses will be limited since most banks protect their users against fraudulent charges and online purchases with their accounts. However, those funds will be held while they investigate and you may be liable for $50.
  • No chance to improve your credit score. Since you are not borrowing money, you are unable to improve your credit score.

Debit cards are a great way to keep your spending within your budget and avoid overspending which can lead to many detrimental issues.

Regardless of the overdraft fee, debit cards are still better than cash because they’re safer and easier to carry around.

4. Checks

Checks… do people still write checks? Why yes they do!

Checks offer a few benefits as a payment method, even though they are slowly being replaced by more modern options.

This can help you keep track of your spending and make sure you do not overspend. Additionally, if you ever need to dispute a charge, having a check can be helpful in proving what you paid for.

What is a check?

A check is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer from the check writer’s account. The date is usually written in month/day/year format. The signature of the check writer is usually on the line below “Pay to the order of.”

There are three main types of checks:

  • A cashier’s check is a check guaranteed by a bank, drawn on the bank’s own funds, and signed by a cashier.
  • A certified check is a personal check for which the bank has verified that there are sufficient funds to cover the payment.
  • A personal check is one that you write yourself and that is not guaranteed by the bank.

Pros of Checks

  • Checks are still a payment option: Checks are one of the traditional payment methods, but it is slowly dying out because of modernization.
  • Physical written record. It can be helpful to have physical copies of checks in addition to digital records through the bank.
  • You need to make both digital and physical copies of the check: Save check stubs but also transfer the information to a budgeting system.

Cons of Checks

  • Saving check stubs is helpful, but you still need to transfer the information to a budgeting system: Useful for tracking spending, but you’ll likely want more detailed records than just check stubs.
  • Not as convenient as credit or debit cards.

5. Apple Pay or Apple Cash

Apple Pay is easy to use and convenient since you only need to connect your smartphone to your cards and bank accounts via the app.

It is easy to use since you just hold your phone up to the reader and wait for the payment screen to appear.

You can even get cash back with apple pay.

Pros of Apple Pay:

  • Apple Pay is easy to use and convenient: You only need to connect your iPhone to your cards and bank accounts via the app.
  • You don’t need to carry any extra cards or cash: No need for additional cards or cash when you’re out and about
  • You can use Apple Pay on different devices: You can use Apple Pay on your iPhone, iPad, and Mac.
  • Transactions are secure: Your transactions are secured with Touch ID or a passcode.
  • Set up Spending Limits for each user. This way you can make sure you (or others with authorized access) are not spending more than you intended. Learn how.
  • Protection of Data during transactions. Your actual credit card number is changed to a different digital number, which allows limits your card number’s exposure.

Cons of Apple Pay:

  • Not widely accepted (yet). This method of payment is 100 percent guaranteed. While many stores offer apple pay, not all do quite yet.
  • The same rules apply if you load apple pay with a debit or credit card drawbacks include late fees, interest rates, and overspending: Keep that in mind when choosing Apple Pay as your payment method.

6. Mobile wallets like Google Pay, Samsung Pay, Venmo, or Zelle

Mobile wallets are digital payment systems that allow you to pay for items with your smartphone. Many people find mobile wallets are very convenient and becoming a traditional method of payment (such as credit cards).

With mobile wallets, you are making digital payments without having to carry around cash or cards using just your smartphone.

Mobile wallets are easy to use and provide instant payment convenience, making them perfect for shopping online.

Pros of Mobile Wallets:

  • Mobile wallets use credit cards and debit cards: Connect your smartphone to your bank accounts and use it for digital payments.
  • Mobile wallets are easy to use and convenient: Instant payment convenience makes them perfect for shopping online as well.
  • No need for cash or cards: No need for cash or cards.
  • Strong secuirity features provide privacy and security features that ensure your personal information is safe from data breaches and unwanted charges.
  • You can make purchases without having to show your identification: You can make purchases without having to show your identification.
  • Additional Layer of Security. Additionally, mobile wallet data is protected with verification, such as fingerprints.

Cons of Mobile Wallets:

  • With Zelle and Venmo, it is easy to send money to the wrong person or add an extra zero and send more money from planned. More often than not, it is difficult to recover your money.
  • You need to be disciplined when using a mobile wallet: Pay attention to late fees and interest rates, as well as the amount you spend in a month.

7. Prepaid Cards or Gift Cards

A prepaid card or a gift card could be right for you. The advantage of these is the mere fact that you reached the limit is enough to deter overspending.

It can make you think twice about whether you need to purchase an item or not.

Pros of Prepaid Cards and Gift Cards

  • Easy to use: Prepaid and gift cards are easy to use and manage your finances with.
  • The mere fact that you reached the limit is enough to deter overspending: It can make you think twice about whether you need to purchase an item or not.
  • No strings attached: No need to worry about any fees associated with the prepaid card once activated.
  • Privacy: The prepaid card does not track your spending or use any personally identifiable information.
  • Credit Score Doesn’t Matter: Your credit score does not matter when obtaining a prepaid card.

Cons of Prepaid Cards or Gift Cards

  • Losing a prepaid card is not a fun experience. Contact the prepaid card issuer right away to protect the funds on the prepaid card.
  • Fraud protection: Consider whether your prepaid card issuer offers any theft or fraud protection, as not all providers offer this feature.
  • Prepaid cards have limits on how much money you can load onto them, which can be frustrating if you need to make a large purchase.

8. PayPal

PayPal is a very convenient way to pay for items online or in person. It is widely accepted and used by many people.

PayPal is a digital payment service that offers convenience and ease of use. You can use them to send money to people or pay for online purchases.

However, because these services can only be used online, they should not be relied on as your sole method of budgeting and tracking expenses. Instead, consider Paypal in combination with another budgeting tool, like a spreadsheet or app, to get a fuller picture of your spending.

Pros of PayPal:

  • PayPal is one of the most popular online payment methods: Widely accepted and used by many people.
  • You can use them to send money to people or pay for online purchases: Help you review your spending prior to purchase.

Cons of Paypal:

  • Easy Target for phishing scams. A phishing scam is when someone tries to trick you into giving them your personal information, like your password or credit card number. They might do this by sending you an email that looks like it’s from PayPal, but it’s not. Or they might create a fake website that looks like PayPal. If you enter your information on these sites, the scammers can then use your account to make purchases or send money to themselves.
  • Reputation for poor customer service. This is evident in their customer service ratings, which are some of the lowest in the industry. The majority of complaints against PayPal revolve around poor service received when asking for assistance with fund freezes and account holds.

9. Cryptocurrency (ie: Bitcoin)

Cryptocurrencies offer a new and innovative way of handling payments. They’re not yet widely accepted, so there’s potential for businesses to get in on the ground floor with this new technology.

However, because cryptocurrencies are so new, it’s uncertain if they will be regulated or not. This could pose a challenge for businesses down the road.

Pros of Crypto

  • Not subject to the same regulations as traditional currency, which makes them appealing to those who want to avoid government intervention.
  • The valuation of Crypto changes rapidly. If you are smart with crtyple this is a great way to spend your crypto coins.

Cons of Crypto

  • Cryptocurrencies are not accepted everywhere: Cryptocurrencies are not accepted by most organizations yet, which it makes it difficult to use them in day-to-day life.
  • It’s unclear if cryptocurrencies will be regulated: It’s uncertain if cryptocurrencies will be strictly regulated or not. This poses a challenge for those who want to use them as a payment method.
  • Bitcoin and other cryptocurrencies are still in their infancy: Bitcoin and other cryptocurrencies have only been around for a few years, so they may still face challenges in the future.

Here are the most popular budget apps today:

Other Payment Methods:

ACH payments

ACH Payments is an excellent way to pay bills and other financial obligations: You can easily set up a billing cycle for recurring payments, making it safe and convenient.

Fewer people are aware of your transactions when using ACH payments, reducing the chances of fraud or theft.

Key Facts:

  • Fewer people know about your transactions when using ACH payments, reducing the chances of fraud or theft.
  • Your checking account information is not shared or accessed by the system in any way.
  • You can quickly pay bills and other expenses with ACH payment: Financial institutions offer this as part of their deals.
  • When setting up recurring bills with ACH payment, you are aying your bills on time is important for maintaining a good credit score.
  • Pay attention to your check account balances: Make sure you have enough funds in your check account to avoid paying overdraft fees.

Money orders

A money order is a document that orders the payment of a specified amount of money. Money orders are convenient because they can be bought at many locations, including post offices, banks, and convenience stores.

To get a money order, you will need to fill out a form with the payee’s name, the amount of the payment, and your contact information. You will then need to purchase the money order with cash or a debit card.

To cash a money order, you will need to take it to a bank or post office. You will need to show identification and sign the back of the money order. The teller will then give you the cash for the payment.

  • More secure than cash: Money orders are more secure than cash because they don’t require a bank to make the transaction.
  • Less convenient: money orders are less convenient because you must purchase them in person.
  • Able to trace. They are also more secure than cash because they can be traced if lost or stolen.

Wire Transfers

Wire transfers are a more secure way to transfer money than traditional methods like checks and cash. These are sent through the banking system and are usually processed within two business days.

Typically, wire transfers are used when sending and receiving large sums of money (over $10000).

  • More secure than cash: Wire transfers are more secure than cash as the bank verifies there is enough money to make the wire transfer.
  • Fees involved with using a wire transfer. Most institutions charge for handling a wire transfer.

What method of payment is best?

Cash is the most widely accepted form of payment, but debit and credit cards are very popular.

The payment method that is best for you depends on which one helps you to stick to your budget and spend less money. The goal is to be financially stable.

What method is best for sticking to a budget?

Picture of a lady determining what method is best for sticking to a budget

There are several different types of budgeting methods that people use in order to manage their finances. Many people focus on using the 50/30/20 method, in which each percent corresponds to a different category of expenses.

There are plenty of budgeting tools available today to make sure you stick to your budget.

You need to find what works best for you. At the end of the month, you want to spend less than you make. That is the winning combo!

1. Budgeting App

There are many budgeting tools available online, which can be helpful as it can be easier to track your progress and budget over time.

You can use various popular budgeting apps like Quicken, Qube Money, or Simplifi.

These apps can help you track your spending, set goals, and stay on track with your budget.

2. Paper and Pen or Simple Spreadsheet

Some people find that they prefer using a simple spreadsheet or paper budget. This may be due to personal preference or because they find it easier to understand and use.

Additionally, using a paper budget may help you stay more organized as you can physically see where your money is going.

Options to get you started include our own budgeting spreadsheets or using an automated system like Tiller.

3. Envelope budgeting method

The cash envelope system is a good way to stick to a budget because it is rigid and based on envelopes and cash. You can’t get more money until your cash payday. So, this system helps you track your spending and budget better.

However, using only cash can have drawbacks as having large amounts of cash on hand can be risky.

The envelope method gives you a sense of control over your spending and makes it more tedious to write down your transactions. If you find writing down your transactions tedious, the envelope method may be too much for you.

4. Know Your Budget Categories and Track expenses

Tracking expenses is essential to move ahead financially: Knowing what you have spent in each category will help you make better financial decisions.

Be specific with your budgeting categories. Don’t make it too complicated. Always remember to include household items, clothing, and groceries when tracking expenses.

5. Prioritize your Budget Plan

A budget can provide a realistic picture of your finances, help reduce stress related to money matters, and guide you toward achieving your goals.

Creating a budget can help ensure that you are able to meet your financial obligations and still have money left over for savings and other goals. A budget can also help you track your spending so that you can make adjustments if necessary.

  • Make a budget plan: This will help you stay on track and make sure that you are spending your money wisely.
  • You decide where to spend money: A budget helps you set future goals and achieve your financial goals.
  • Creating a budget can help reduce stress: If you tend to get stressed about money matters, creating a budget can give you peace of mind.
  • A budget has other benefits beyond financial ones: If you want to achieve something in life, creating a budget can help guide you in the right direction.
  • See where to cut back spending. You can also look at your past spending habits to see where you can cut back. Sometimes it may be necessary to save more in order to achieve long-term goals, like buying a house or having a wedding. Always be mindful of your budget when making payments and spending money.
  • It’s a three-step process that involves basic math: Making a budget is simple and requires only basic math skills.
  • Stay on track: Making a budget plan will help you stay organized and keep track of your expenses.

A budget plan will help you stay on track and make sure that you are using the best payment type for your budget.

Making a budget is an easy way to save money. By following a few simple steps, you can keep track of your expenses and make sure that you are spending your money wisely.

Which type of payment is best for sticking to a budget?

Picture of a calculator and graphs for which type of payment is best for sticking to a budget?

One of the main pros of using cash as a method of payment is that it is the most efficient way to keep track of your finances. This is because it is very easy to budget when you are only dealing with cash.

However, many people prefer debit or credit cards are the best type of payment. They are more convenient than cash and can help you keep track of your spending. However, if you have a bad credit history or a low credit score, credit cards may not be the best option for you.

  • Cash payments are the most efficient: Most convenient and easiest to keep track with cash envelopes.
  • Credit cards allow you to accrue points along with your spending: These are a great benefit and one that can be a perk if handled well as part of your budgeting process. As long as pay them off in full each month to avoid credit card debt, high-interest rates, and other negative consequences.
  • Debit cards are also a good option for sticking to a budget. They can be used like credit cards but with less risk of debt.
  • Cash-based payments are a newer option and are more reliable: May not have as many negative consequences as other payment methods such as credit cards or loans.

What Not to Use when you are Trying to Stick to a Budget

You need to steer clear of these types of payments if you want to be financially stable person.

Personal loans

Personal loans are a risky way to budget. However, if you need the money for an emergency or unexpected expense, a personal loan can be a lifesaver.

There are many risks to consider and other ways to lower your spending before resorting to a personal loan.

  • Loans can cause budgeting problems: Loans can mess up your budget and make it difficult to stick to spending plans.
  • Taking out a personal loan just for the sake of having money can disrupt your budgeting: Consumers often borrow money in order to pretend they’re doing better financially than they really are.
  • Borrowing money is usually not a good idea: When you borrow money, you may find that you cannot handle seeing low checking account balance, which can lead to deeper debt problems.

Payday Loans

Payday loans are a bad option for someone looking for a long-term solution. They are expensive, and there is a high chance that the person will not be able to pay back the loan.

The interest that is charged is also high, and it can add up quickly.

Write bullet points about what happens with a payday loan

  • Payday loans can trap people in a cycle of debt, as they are often unable to pay back the loan in full on the due date.
  • When someone takes out a payday loan, they are borrowing money from a lender in a short amount of time, usually two or three days.
  • Payday loans are often expensive, with interest rates that can be above 300%.

Debt Consolidation Loans

Debt consolidation can be a good way to manage your debt because it can result in a lower monthly payment and extended payments may impact your financial plan. You can use a debt consolidation calculator to estimate how much debt you can afford before taking out a consolidation loan.

Debt consolidation loans also provide convenience because they have lower interest rates than payday loans. However, be careful when consolidating your debt because it is possible to overspend and lose your introductory APR.

  • You may be able to pay off your debt with one monthly payment: A consolidation loan often results in a much lower monthly payment than all of your previous monthly payments combined.
  • Extended payments may impact your financial plan: Take a look at how these extended payments will impact your financial planning.
  • You can estimate how much debt you can comfortably afford: use this tool – Tally .
  • It is possible to overspend with debt consolidation: If you spend more money than you planned on your day-to-day expenses, this could increase your debt. Consider if the purchase is necessary or if it can be delayed.
  • You may lose your introductory APR: If you fall more than 60 days behind on payments, you will likely lose your introductory APR and may even trigger a penalty interest rate.
  • You need to be careful when transferring a balance: Transferring a balance can also forfeit your grace period and you’ll need to pay interest on new purchases charged to the new card.

What type of payment method is best for sticking to a budget?

Picture of a budget worksheet for what type of payment method is best for sticking to a budget.

There are a variety of payment methods available, and each has its own benefits and drawbacks. It’s important to choose the payment method that’s best suited for your business and budget.

A payment method that allows you to stick to a budget is the best option.

FAQs

There are three main types of payment methods: cash, debit cards, credit cards, and cash-based payments.

The envelope budgeting method is a simple way to create a budget. You will need envelopes and divide your money up into the different categories that you spend money on. You will then put the corresponding amount of money into each envelope. This method can be helpful if you have a hard time sticking to a budget.

The zero-based budgeting method is a more methodical way to create a budget. With this method, you track every penny that you earn and spend. This can help you to see where your money is going and make adjustments accordingly.

A debit card is a plastic card that is linked to a checking account. Customers can spend money by drawing on funds they have already deposited. An overdraft on a debit card can lead to overdraft fees, which have high-interest rates.

A credit card is a plastic card that allows customers to borrow money up to a certain limit in order to purchase items or withdraw cash. Using a credit card can help build credit or improve your credit score.

There are a few different ways to use a credit card. You can use it to check your balance and review your spending history, which can be helpful in staying accountable.

Credit cards also offer online tools which make the analysis of your spending easier which can be helpful in tracking your budget.

Finally, you can use a credit card to rebuild your credit score by using it responsibly and paying off the balance in full each month.

Which payment type can help you stick to a budget?

When it comes to choosing a payment type that will help you stick to a budget, there is no one-size-fits-all solution.

The best payment method for you will depend on your specific needs and preferences.

When you are creating a budget, it is important to consider which payment type will help you stay on budget. Different payment types work better for different people, so it is important to experiment and find the one that works best for you.

As I stated for me, I have learned how to use credit cards to maximize cash back. But, I learned how to budget with cash when first starting.

Please pay attention to your budget and how it changes over time, as different payment types may work better at different stages of your life.

Consequently, I hope that this guide has given you a better understanding of the different payment types available and helped you narrow down your options. There are a variety of payment types that can help you stick to a budget, so it’s important to research each one carefully.

I highly recommend using an app to track your expenses and know where you spend your money. By developing a budget and choosing the right payment type, you can stick to your financial goals.

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org

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Apache is functioning normally

May 25, 2023 by Brett Tams

Renting from corporate landlords versus private landlords can offer two very different experiences. Each has its pros and cons and can be the right fit depending on your needs.

Property management firms oversee most properties owned by corporate landlords. These may include real estate investment trusts (REITs), which allow investors to put their money into a wide range of properties. The largest one in the U.S. is Starwood Capital, a REIT in Miami that had 115,000 rental units in 2022, according to Statista.

Many private landlords with smaller holdings manage their own properties. The 2018 census data found that individuals own about 70% of rental properties, as reported by Pew Research. The tasks they’re involved in may include tenant screening, property upkeep and rent collections.

As you can imagine, a private landlord may offer a much more hands-on approach. Renting from a corporate landlord places the majority of responsibilities on a property manager.

Let’s break down the differences and explore which type of landlord may be right for you.

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Property repairs and maintenance

According to Porch, landlords, on average, receive about six repair calls per year from tenants. If something breaks down in your rental, you call a private landlord directly.

The time you may have to wait for a repair or replacement depends on their responsiveness and the availability of tradespersons in the area. Of course, if your landlord, who is also a contractor, lives next door, you can expect fast and more personal service.

A property management firm usually requires filling out forms which are then directed to maintenance. This may result in timelier requests, depending on the number of properties under their care and how busy maintenance is. If they’ve been in the business for a while, they may also have vendors in place for specific requirements. Many also offer 24/7 service in emergencies, such as blocked plumbing.

Direct communication

Renting from a private landlord translates to direct communication between you and the owner of the property. This direct line may offer greater flexibility as the owner might handle requests on a case-by-case basis.

For example, if your past entailed a rough patch that resulted in a low credit score, a private property owner is more likely to work with you. Should issues arise during your tenancy, such as a delayed rent payment, you may be able to talk to your landlord and work out a payment plan.

A larger firm usually has stricter policies and procedures in place. As a result, they are often less flexible when it comes to pet policies, lease terms, deposits and rent prices. You may also pay slightly more for a rental that a professional property manager oversees, as the owner must factor in their costs.

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Interacting with your landlord

A private landlord may live nearby. While this may result in faster repairs, it can also lead to running into each other regularly. Depending on their nature, this may be a welcome addition or an uncomfortable intrusion.

Unless you make friends with your property manager, chances are you will rarely meet up. These professionals are usually busy keeping their properties running smoothly and rented out.

Procedures and protocols

A landlord’s role is to provide a secure and safe home. While most private landlords take this seriously, they may not always know the acceptable minimum standards.

A professional management firm knows the law and has procedures and protocols in place for their rental units. These companies are generally trained and licensed in real estate.

For instance, if a wild animal, such as a skunk, decides to make a home under your deck, they may have experienced this before and understand the immediacy. They may also know wildlife relocators in the area to contact.

On the downside, written protocols may also include a faster response to a late payment. One study found that some large corporate landlords were more likely to file eviction notices.

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The importance of amenities

Private landlords generally oversee single homes or smaller multi-family units. Taking care of the lawn and yard and plowing snow in the winter may fall under the responsibility of the renter. On the plus side, this property type can offer greater privacy.

In contrast, large multi-unit apartment buildings tend to attract corporate landlords. These may offer many amenities, including swimming pools, gyms, tennis courts and security. Consider your lifestyle and preferred setting when selecting a property that could be your home for a year or more.

Checking out your potential landlord

Just as a landlord checks their tenants, you should appraise your landlord. If a property management firm, check their credentials. For instance, if they are a member of the National Association of Residential Property Managers, you know they receive ongoing education and training and agree to abide by ethical standards. You can also check their ratings on Yelp.

If a REIT or other corporate landlord owns your rental, Google them to see if they’ve made the headlines, for better or worse.

If they are a private landlord, check for reviews and watch for rental scams. If possible, talk to current renters. Ask about anything especially important to you, whether maintenance, privacy or noise level.

What type of landlord is right for you?

If you enjoy a personal, hands-on experience, you may want to consider a private landlord. If you’re looking for a business-minded professional that goes by the books, a corporate landlord and professional management firm may be your best bet.

Still looking for a place to live in your target city? Start here.

Source: rent.com

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Apache is functioning normally

May 25, 2023 by Brett Tams

We’re Moving To Fruita, Colorado! And My Moving Bucket List Fruita House

We’re Moving To Fruita, Colorado! And My Moving Bucket List Fruita HouseWe are moving to Fruita, Colorado! Fruita is a small town near the town of Grand Junction (which is small as well), on the western side of Colorado.

Even though we came across many Craigslist scams, we found one house that we absolutely loved. We loved the location, the house was nice (the picture in this post is of the house we are renting), and it was below our budget.

We had everything pretty much riding on this one house though. We didn’t find anything else in the area that we liked and rentals seemed to go very fast in this small county.

We were nervous, but submitted an application and were accepted just a few days later.

The rental house is $1,400 per month, which is more than what we pay for the house we currently own. However, I’m still happy with this amount as our budget was $2,000 per month, which was an amount that I didn’t want to really reach.

Some of you may be wondering why we chose Fruita of all places in Colorado. It wasn’t even on our radar until recently, so I’ve never talked about this small town on my blog until today.

We chose Fruita, Colorado for many reasons:

  • The location is amazing. We are close to many different areas and near the highway so we can have day trips to some amazing places in the area. There are things to do to the west, to the east, to the north, and to the south. Some of these places are below.
  • We are located right next to Colorado National Monument. This means we’re just two miles away from rock climbing, hiking, bicycling, camping, and more in this awesome national monument. We are also right next to Rattlesnake Canyon which has the highest amount of arches outside of Arches National Park. Then there’s also the Kokopelli Trail that goes all the way to Moab from Fruita.
  • We are close to all of the outdoorsy fun in Moab, Utah. We are one hour away from Arches National Park and 1.5 hours away from Canyonlands National Park. We LOVED Moab when we visited last year, so we wanted to be close to this area.
  • Other places close by include Grand Mesa National Forest (I’ve heard the many lakes here are beautiful), Dinosaur National Monument, Uncompahgre National Forest, Gunnison National Forest, and more.
  • There are tons of things to do in the area including rock climbing, skiing, hiking, canyoneering, rafting, mountain biking (some of the best mountain biking is said to be right here), visiting one of the many wineries in the area, and more. While I haven’t done some of these things before, I definitely want to get more into them.
  • The weather. While the mountain towns in Colorado are beautiful, I knew I wasn’t ready for super cold weather just yet. Fruita has weather fairly similar to St. Louis, except that there’s way less humidity. The weather is perfect for us.
  • It’s affordable. We looked for rental homes in other areas, but couldn’t find what we were looking for unless we wanted to increase our budget by a few thousand dollars each month. That just wasn’t going to happen.

And those are some of the reasons for why we chose Fruita, Colorado. While we don’t know if we will be here next year (location independence for the win), I know that we will have a ton of fun exploring this new-to-us town while we have the chance.

Now, onto my moving bucket list.

We’re Moving To Fruita, Colorado! And My Moving Bucket List

Colorado National Monument

My Moving Bucket List

In less than two weeks, we will move over 1,000 miles away, as well as put our house on the market. This is probably the biggest change ever for the both of us.

Even though I will miss St. Louis a lot, I know we will have fun in Colorado. I am ready to leave St. Louis and see what else there is for us.

Before I move though, there are many things I plan on doing as sort of a bucket list so that I can enjoy the time we have left here.

I know we will be back again to visit friends and family, but creating a “moving bucket list” sounded like fun.

1. I plan on seeing my friends and family as much as possible.

While I don’t have any family left in St. Louis, Wes does. We will miss them dearly and plan on visiting often because we know we will miss them too much.

I also plan on hanging out with my friends as much as possible. I know I will miss my friends a lot.

I have several dates planned with all of them and I want to squeeze every second I can into my schedule so that I can see them as much as possible. This will be the hardest part of moving for me – not seeing my close friends as much as I currently see them. Luckily, I already know that I will be back in St. Louis three more times this year, so I will take full advantage of those times whenever I come into town. Love you guys!

2. I want to eat at my favorite restaurants.

Okay, so the rest of this moving bucket list isn’t as serious, but I still wanted to include them because before we leave I need to get a good fix on my favorite meals. I’ve already visited and said goodbye to my favorite Mexican restaurant located up the street, my favorite Korean restaurant,  and I also went to my favorite bakery.

Now, I just need to eat enough fresh gooey butter cookies and some delicious St. Louis BBQ in order to be happy.

3. I need to visit my hair stylist.

Before you think I am a bad finance blogger for spending a ton of money on my hair, that is not true. I visit her just twice a year, but she is amazingly good at what she does and she is quite affordable.

I actually have an appointment with her today and I am still not sure what I plan on doing but I’m excited! Wish me luck!

4. I want to enjoy our house.

Our house is currently a construction zone with all of the updating that we are doing (read the post 5 Tasks We Need To Complete In Order To Sell Our Home Quickly if you are interested in what we are doing), but I still want to enjoy our house as much as possible.

This house is the first house we have ever bought (and the only one we have ever bought), and if you couldn’t tell already, I have attachment issues and I get attached to things pretty easily haha!

Most of our clutter is already packed away, donated, or thrown away, so there isn’t much left to enjoy except for our actual house, but I will find a way to enjoy it! I want to cook in my kitchen as much as I can, enjoy sleeping in my bedroom, and more.

For the last two weeks that we have, I am just going to take in all of the wonderful memories that I have had in St. Louis. Everything has been great here, but I am ready for the outdoorsy fun and beauty that Colorado will allow us to have.

What tips would you give to someone who is planning a long distance move? What would you add to your moving bucket list if you were to move somewhere far away?

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Source: makingsenseofcents.com

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Apache is functioning normally

May 25, 2023 by Brett Tams

Businesses pay market research companies to gather information on what customers like you think. Those market research companies, in turn, pay customers like you to provide that information.

The good news is, this is no longer limited to in-person focus groups. You can now participate in market research from the comfort of your home. You can sign up for apps and sites that will pay you to answer questions.

But some survey apps pay more than others, and they don’t all offer the same types of rewards. Here’s my selection of the best survey apps for money out there if you’re looking to make a little extra money. 

What’s Ahead:

Survey Junkie

  • Rewards for: completing surveys, participating in focus groups, testing products, and sharing web behavior
  • Redemption options: PayPal credits, bank account transfers, and gift cards for brands like Amazon, Target, Walmart, etc.
  • Mobile app ratings: 4.6 App Store; 4.3 Google Play

Survey Junkie users start by filling out questionnaires and building their user profiles, which give the platform an idea of their interests and lifestyle. These profiles are then matched to survey opportunities.

Surveys show up in a user’s personal dashboard, and the user can choose which surveys they would like to participate in based on the survey’s pre-disclosed topic, point value, and estimated time of completion.

Completed surveys earn points, which can then be redeemed for PayPal credit, bank transfers, or gift cards. Those who complete three surveys per day can reportedly earn up to $40 worth of credits or gift cards per month. More time-consuming activities like focus groups can earn a higher number of points.

In addition to paid surveys, users can also elect to participate in ‘behavioral research,’ in which they share their web search, browsing, engagement, and shopping history with the platform to earn extra points.

SurveyJunkie is open to residents of the United States, Canada, Australia, and the United Kingdom, ages 16+.

Try Survey Junkie now.

MyPoints

Best Survey Apps And Sites To Make Easy Money - MyPoints

  • Rewards for: taking polls, doing online surveys, watching videos, playing games, online shopping, downloading coupons
  • Redemption options: gift cards for Visa, PayPal, or a number of popular retailers
  • Mobile app ratings: 4.3 App Store; 3.4 Google Play

MyPoints pays you to give your opinion on a wide range of consumer topics, from cars to clothes to home and garden supplies. Payouts for completed surveys range substantially, with some of the more time-consuming surveys offering up to $50 worth of points. Short surveys might yield $1 in points.

Aside from surveys, MyPoints also rewards you for shopping online, which is actually my favorite aspect of the app. It links up to popular retailers I already use, like Amazon, Walmart, Target, and Home Depot, among many others. That means I’m earning points for money I’d be spending anyway.

Best of all, MyPoints helps you save. Not only can you apply coupons to your purchases with your favorite retailers, but you actually earn rewards for downloading them. When combined with the points you’re getting for shopping, you can quickly rack up rewards.

MyPoints lets you cash in your rewards in a couple ways. You can choose gift cards from popular brands like Bath & Body Works, Sephora, or Walmart, or you can convert points to PayPal cash.

Try MyPoints or read our full review. 

Swagbucks

Best Survey Apps And Sites To Make Easy Money - Swagbucks

  • Rewards for: completing online surveys, in-home product surveys, playing games, shopping
  • Redemption options: gift cards from Amazon, Walmart, Target, and Visa or PayPal cash
  • Mobile app ratings: 4.4 App Store; 4.2 Google Play

If you want to earn dough just for browsing the internet, Swagbucks is a great option. You won’t be able to quit your day job, but it’s a great way to earn a little extra spending money each month. 100 Swagbucks points are worth $1, and most surveys pay out between 40 to 200 points each. Some active users report making a couple of hundred bucks a month with the app.

What I like most about Swagbucks is the variety of points-earning options. Sure, you can earn rewards for answering surveys and shopping, but you also earn by simply trading in Google for the Swagbucks search engine. You’ll be adding points to your total in the background while you search the web and browse various sites. 

Once you’ve earned enough points, you can trade them in for gift cards at some of the most popular retailers. You won’t see as many gift card options as you get with other survey sites, but all the big names are there. For instance, Amazon, Apple, Walmart, and Target gift cards are usually available.

Try Swagbucks now. 

YouGov

Best Survey Apps And Sites To Make Easy Money - YouGov

  • Rewards for: completing paid surveys
  • Redemption options: cash direct deposit, gift cards
  • Mobile app ratings: 4.7 App Store; 4.4 Google Play

What drew me to YouGov is the fact that the collected information is sometimes cited online and in news reports. Knowing I’m a part of the group that is referenced in, “According to a survey from YouGov” is an incentive to participate, especially if I’m paid for my feedback.

The biggest issue with YouGov is that it combines paid survey opportunities with those that pay nothing. You’re free to complete those just to take part in the information being collected and distributed. Some members found that paid opportunities were few and far between.

Despite its name, YouGov doesn’t just collect information on political issues. As with other survey sites, you’ll be polled about your thoughts on brands and services.

Try YouGov now.

Opinion Outpost

Best Survey Apps And Sites To Make Easy Money - Opinion Outpost

  • Rewards for: taking surveys, testing products, watching advertisements
  • Redemption options: PayPal cash, Visa prepaid cards, gift cards for popular merchants
  • Mobile app ratings: N/A

You can earn around 10 to 250 points per completed survey with Opinion Outpost, which can add up over the course of a day. 

Rewards can be redeemed for a relatively limited selection of gift cards, but the selection at least usually includes major brands like Amazon, Apple, Target, Macy’s, Home Depot, etc. Most gift cards require 100 points for a $10 card value.

One downside to Opinion Outpost is that you’ll have to prequalify before you can take a survey. This is done by answering a few questions before the survey’s available. If you don’t qualify, you’ll be entered in a drawing for a quarterly prize, but it can feel like you put more time in to find a survey you can finally complete.

Another potential downside is that Opinion Outpost isn’t available as a mobile app, so if you’re on the go a lot you’ll have to access the platform from a web browser on your phone. 

Join Opinion Outpost now.

Branded Surveys

Best Survey Apps And Sites To Make Easy Money - Branded Surveys

  • Rewards for: completing paid surveys
  • Redemption options: Amazon or Visa gift card, or a PayPal payment
  • Mobile app ratings: 1.5 App Store

Formerly known as MintVine, Branded Surveys offers rewards for survey participants in the U.S., Canada, and the UK. It partners with some of the top names in the industry, including Nielsen and Harris Interactive. As such, you’ll have more confidence that your feedback will make an impact.

One thing that sets Branded Surveys apart is the volume of surveys. You’ll have to qualify for each one, but having a wider range of options makes it more likely that you’ll find one that’s a match. A great thing about Branded Surveys is if you put time into completing a survey, only to ultimately find out that you don’t qualify, you’ll still be paid a few cents.

Branded Surveys typically pays between $0.50 to $5.00 per survey. You can cash out once you reach 500 points. Aside from the usual gift cards or PayPal credits, with Branded Surveys you can also choose to direct your accumulated points toward a US charity, which is unusual among survey apps.

Join Branded Surveys now. 

Pinecone Research

Best Survey Apps And Sites To Make Easy Money - Pinecone Research

  • Rewards for: online surveys
  • Redemption options: PayPal cash payments, paper checks, prepaid cards, or gift cards
  • Mobile app ratings: 2.4 App Store; 3.0 Google Play

From respected industry leader Nielsen (of Nielsen Ratings fame), Pinecone Research is a great way to earn rewards while also feeling as though your voice is being heard. To get started with Pinecone Research, you simply sign up and wait for approval. Once you’re approved, you’ll start receiving invitations to participate in surveys.

After you’ve set up an account, you’ll be able to view the rewards available, as well as the points you’ll need to earn them. You can trade your points in on small rewards or save up for something bigger. As long as your account remains active, your points never expire. You can also opt to trade your points in for cash, deposited to your account.

One thing that sets Pinecone Research apart is that sometimes members are mailed physical products to try out. In many cases, you get to keep the items after you’ve completed the survey. Some brands ask that you send the products back, though.

Surveys and products are distributed based on the questionnaire information you provide. Many brands request specific audience demographics, so some members receive more offers than others. This makes the questionnaire you complete at signup especially important.

Join Pinecone Research now. 

MySoapBox

  • Best Survey Apps And Sites To Make Easy Money - MySoapBoxRewards for: completing surveys
  • Redemption options: gift cards from popular merchants, including Amazon, Walmart, and Starbucks
  • Mobile app ratings: N/A

MySoapBox focuses on surveys, rewarding you for answering questions about products, services, and experiences. It’s available as a web app only, not a mobile app.

1,000 points equate to a $1 value, and you’ll generally get between 750 and 1,500 points per completed survey. You need a minimum of 25,000 points to redeem for a gift card.

MySoapBox is a part of Interviewing Service of America (ISA), one of the largest US-based market research companies. They’ve collected data for businesses since 1982, historically through telemarketing and in-person focus groups, and today facilitating an online option via MySoapBox.

Join MySoapBox now.

Intellizoom

Best Survey Apps And Sites To Make Easy Money - IntelliZoom

  • Rewards for: taking surveys
  • Redemption options: PayPal
  • Mobile app ratings: N/A

Intellizoom doesn’t mess with rewards and points; you’ll instead earn cash for completing surveys. They don’t send you actual dollar bills, of course. You’ll be paid electronically via PayPal within 21 business days of your survey responses being approved.

The amount you’re paid is based on the complexity of the survey. You can earn up to $10 for more challenging surveys, such as those that require you to record audio or video. Simple surveys usually pay around $2 each.

You may find yourself not as active as you want to be, though. As with other survey sites, you have to wait until you’re invited to participate. Typically, invitations are based on demographics, but you’ll also be graded on the quality of your surveys. You can boost your earnings by making an extra effort to provide useful, well-constructed feedback.

Without an app, you are limited to using the site in a browser. If you can get enough of the more challenging surveys, you could make a decent chunk of change from this site.

Join Intellizoom now.

How I came up with this list

Yes, some survey-for-cash sites can be scammy. It may even sound too good to be true. When I was researching top survey apps and sites, I first narrowed it down to the reputable ones, reading reviews and making sure people had actually gotten paid for their efforts.

Once I had a list of trustworthy sites, I further sharpened it to make sure you were getting the best of the best. Here are the features I considered in my research:

  • Options for earning points
  • Redemption options
  • Difficulty in earning enough points to get rewards
  • Turnaround time for getting paid after cashing in points

Keep in mind that scams aren’t the only thing to worry about with survey sites. You’ll find that with some sites, the amount of work you have to put in to get even a $10 gift card is far more than with other sites. You can speed up that turnaround time by choosing a site that lets you accumulate points for doing other things, including shopping, gaming, or participating in the site’s community.

How to take surveys for money

A survey app gathers information from consumers, often in exchange for a small amount of pay. You’ll sign up, provide some demographic information, then apply to complete surveys. Taking surveys that you qualify for might be rewarded with gift cards, prepaid cards, or PayPal transfers.

If you’re looking for a way to make a little extra money, a survey app can help. But some people sign up for the rewards, only to find that the real enjoyment comes from providing feedback. The information you provide is used to help businesses improve everything from product design to marketing efforts, so your opinion can be a huge benefit to all consumers.

Those with a little extra time on their hands will likely find a survey app is a great fit. If you’re looking to make hundreds of dollars a week, though, you’ll probably be disappointed.

Most important features of survey apps

Ready to get started? If so, here are some features to consider as you’re shopping around for a survey app.

Points-earning options

What do you have to do to earn points? Surveys are only one option. You can also find apps that will let you earn points for doing web searches, shopping online, watching videos, and more. Also, consider the types of surveys the site offers. Many will simply ask you about your feelings on products or services, but there are some that are political in nature.

Rewards offered

If you’re looking for cold, hard cash, you’ll need to first weed out the sites that only offer gift cards. Although if you’re like me, a gift card to a retailer like Amazon or Walmart can be as good as cash. Many survey apps also allow you to cash out via PayPal, which is accepted at a wide range of online retailers.

Ease of finding surveys

Ideally, you’ll sign up for a site and be able to complete as many surveys as you want. Unfortunately, that isn’t how it always works. Many companies are looking for data from a very specific demographic, so you’ll only be able to participate in some of the available surveys.

FAQs

Are paid survey apps legit?

Even when a survey site is legitimate, it may not pay as much for your time as you’d like. It’s important to note that you should never pay to participate in a survey site. You can find plenty that will let you sign up for free and will pay you, rather than the money flowing in the other direction.

Are survey websites worth it?

Paid survey websites can be a way to earn a little extra cash, but whether they are worth it depends on your personal situation and goals.

While taking surveys may not take a lot of effort, it can be time-consuming. You may need to spend a significant amount of time taking surveys to earn a meaningful amount of money. Most survey sites offer relatively low compensation, so it’s important to consider whether the payout is worth your time investment.

There may be quicker ways for you to make money.

How quickly do survey apps pay you?

Turnaround time can vary, but once you have your points, many of these sites will have your rewards to you within a few days of your request. Some sites that pay in cash may take as long as 21 days, so be sure to plan ahead if you’re depending on the money.

How do paid survey apps make their money?

For decades, companies have depended on focus groups to provide information on market sentiment. Survey apps simply take the process online, letting you participate in surveys without having to go to a designated physical location. Businesses pay market research companies to gather data and provide it, then use the information to inform their own business decisions moving forward.

How I came up with this list

Yes, some online survey sites can be scammy. It may even sound too good to be true. When I was researching top survey apps and sites, I first narrowed it down to the reputable ones, reading reviews and making sure people had actually gotten paid for their efforts.

Once I had a list of reputable survey apps, I further sharpened it to make sure you were getting the best of the best. Here are the features I considered in my research:

  • Options for earning points
  • Redemption options
  • Difficulty in earning enough points to get rewards
  • Turnaround time for getting paid after cashing in points

Keep in mind that scams aren’t the only thing to worry about with online survey sites. You’ll find that with some sites, the amount of work you have to put in to get even a $10 gift card is far more than with other sites. You can speed up that turnaround time by choosing a survey site that lets you accumulate points for doing other things, including shopping, gaming, or participating in the site’s community.

Summary

Survey apps can be a decent side hustle to make a little extra money within a low-stress framework. But even the highest paying survey apps don’t pay well enough to serve as a replacement for your regular job.

Aside from earning gift cards or cash for your completed surveys, participating in market research can be rewarding in other ways. You’ll know your feedback is being used to influence the direction businesses take, making any rewards you receive a bonus.

Read more:

Source: moneyunder30.com

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Apache is functioning normally

May 25, 2023 by Brett Tams

It is always important to be cautious and protect yourself from scams. While it is not necessary to constantly worry about being scammed, it is wise to be aware of the potential for scams and take steps to protect yourself. This can include being careful about giving out personal information, avoiding deals that seem too good to be true, and using security software to protect your computer and mobile devices. By taking these precautions, you can reduce your risk of being scammed.

Here are some tips to avoid being scammed:

  1. Be wary of unsolicited messages or calls that offer you a deal that seems too good to be true.
  2. Don’t give out personal information, such as your Social Security number, credit card numbers, or bank account information, to anyone you don’t know and trust.
  3. Be cautious when shopping online, and only make purchases from reputable websites.
  4. Avoid clicking on links or downloading attachments from unknown sources, as these could be used to install malware on your computer.
  5. Be careful when responding to messages or calls that claim to be from a government agency or other authority, as these are often scams.
  6. If you receive a message or call from someone who claims to be from a company you do business with, hang up and call the company directly using a phone number you know to be legitimate.
  7. Use security software and keep it up to date to protect your computer and mobile devices from malware.
  8. If you think you have been the victim of a scam, report it to the authorities and organizations such as the Federal Trade Commission.

Here are some steps you can take to research a company before hiring them:

  1. Check the company’s website and social media accounts to learn more about its products or services, as well as its history and mission.
  2. Look for online reviews and ratings from other customers. This can give you an idea of the company’s reputation and the quality of their work.
  3. Contact the company directly to ask any questions you may have. This can give you a sense of their professionalism and customer service.
  4. Research the company’s leadership team and owners. This can provide insight into the company’s management and corporate culture.
  5. Check if the company is licensed and insured. This is important for ensuring that the company is legitimate and can provide the services they claim to offer.
  6. If possible, try to speak with other customers who have used the company’s services. This can provide valuable feedback and help you make an informed decision.
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If you have been the victim of a scam, it is important to take action as soon as possible to protect yourself. Here are some steps you can take:

  1. Report the scam to the authorities. This can include local law enforcement and organizations such as the Federal Trade Commission or the Internet Crime Complaint Center.
  2. Contact your bank or credit card company to report the scam and request that any fraudulent charges be reversed.
  3. If you gave out personal information, such as your Social Security number or bank account information, contact the relevant agencies to protect your identity and financial accounts.
  4. Keep any evidence of the scam, such as emails or other communications, as this can be helpful when reporting the scam to the authorities.
  5. Stay alert for any further attempts at scamming, and be cautious about giving out personal information in the future.
  6. If you are unsure about a potential scam, don’t hesitate to seek advice from a trusted friend, family member, or a professional such as a financial advisor.
Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
Steve Rhode
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Source: getoutofdebt.org

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Apache is functioning normally

May 23, 2023 by Brett Tams

Hey everybody, welcome back to the FlipNerd Show! Today, we are going to talk to my buddy, Brent Moreno, a real estate investor who has become an expert on A.I. (artificial intelligence)! AI is seemingly taking over the world; is it going to make us all irrelevant or better business owners? That is what we are going to talk about today: what is going on in AI and what impact will it have on real estate investors? It’s a pretty exciting and timely topic; let’s jump right in!  

Mike: Hey everybody. Welcome back to the show. Uh, today we’re gonna talk with my buddy Brent Moreno, who really has become, uh, is a real estate investor, but has become an expert on AI and, um, we’re gonna be talking about how AI is gonna make us all irrelevant or better business owners. One of those two things are probably gonna happen here.

Mike: It can be pretty exciting, pretty timely to talk about what’s going on in AI. Welcome to Real Estate Investing Secrets. We’re all looking for freedom and the opportunity to live better, more fulfilling lives. But most of us, were trained our entire lives to work for someone else to chase their dreams. How can we use real estate investing as a vehicle to achieve financial freedom?

Mike: My life is dedicated to answering your real estate investing questions and helping you build an investing business that allows you to change your life. And the world around you, and to enable you to turn your dreams of financial freedom into a reality. My name is Mike Hambright from FlipNerd.com, and your questions get answered here on the Real Estate Investing Secrets show.

Mike: Brent, welcome to the show, buddy.

Brent: I appreciate you having me, Mike.

Mike: Yeah, I, I’m excited. I’m scared. I don’t know what’s gonna happen here, but. Uh, I know AI’s taken over the world. I’ve got a lot of friends that are, are all in on it. I’m probably a little bit behind the eight ball and excited to talk to you today.

Mike: You’re, you’re the master and gonna get us all up to

Brent: speed. I guess one thing that I wanna say to people who feel like they’re behind the eight ball on it, you’re, you’re not, especially even if you just logged in to just chat g p t and even used it one time, you’d be surprised for somebody like me who’s like in it every single day.

Brent: I come across people every day. I was like, what? Never heard of it. Nope. Never used it. I’m like, how? I mean, it reached a hundred million users in two months. However, have you never heard this? Yeah. Um, so you’re not behind the eight ball. Matter of fact, I’d, I’d say you’re still early. If you have any interest in ai, uh, to jump in right now and start using it, uh, even if you’re, you know, solo or you’re run a big corporation.

Brent: One thing I tell a lot of business owners, cause I talk to a lot of business owners, not just in real estate, is that you know, every single body in your company, you should just make it a mandate that they use chat g p T for at least 30 minutes. Hmm, just use it and direction. What we’re

Mike: gonna do today is, is go through every area of your company, marketing, acquisitions, dispo, staffing your business, things like that, and just talk about.

Mike: What you can use AI for and maybe what’s coming, right? And so for those of you that are using it now, some of this will be a little bit of a refresher. Uh, but um, you know, despite how popular AI has become, there’s not a lot of people talking about it, uh, yet on podcasts and how, how to use it in real estate other than writing copy.

Mike: But it’s so much more than that. I think Brent’s gonna tell us today of. Uh, what it can really do, uh, for us. So, so let’s just talk, uh, generally, I mean, how, how disruptive before we kind of dive into departments, how disruptive is this? Is this gonna be for our industry, you

Brent: think? Brett, I think, I mean, it’s gonna be disruptive.

Brent: I don’t think it’s gonna necessarily change the fundamentals of investing, right? That’s not, that’s, that’s not going to change. But as far as the staff. The, the people, the time. I mean, it’s disruptive in every industry when it comes to that aspect. I mean, I think Goldman Sachs has recently reported that two thirds of all jobs could be automated in the next five years.

Brent: So, uh, the problem isn’t necessarily, you know, uh, Is it gonna help me buy real estate is like, is there going to be real estate left to buy if this thing takes over? Right. I mean, I’m not, I’m not a doomsday guy type scenario. I definitely believe that if we get this right, we can have a lot of serious positives.

Brent: Um, but as far as like as a real estate investor goes like, You just need to be thinking of ways, not only just for copywriting, but looking for tools on a daily basis that can help you, uh, increase your productivity. Cuz anything that can increase your productivity, even by margins of 10% is, is pretty huge and it’s significant.

Brent: Yeah. Yeah.

Mike: And a lot of us have, uh, you know, over the years have pivoted more to using virtual assistance and stuff like that. And it could be that you, you, you even continue the transition of needing less, um, general kind of administrative assistance overall,

Brent: right? Yeah. So the, the first, the first wave of people, I believe, are gonna be your customer service.

Brent: Uh, backend type representatives in your company that handle lead intake, that handle, uh, you know, questions, things of that nature. Your, your, uh, cold callers even. Uh, I saw Google Duplex back in 2018 get revealed, and I think I just watched, I don’t know, it might have been 2020 when I watched a great hack, but I put all this together and it was like, well, if Facebook and all these other companies have thousands of data points on somebody and.

Brent: An AI voice assistant can call and use that information that it has on people, then it will know how to sell you better than even, you know, how to sell yourself. Right, right. So that’s kind of where my brain started pivoting. I was like, man, eventually, like call centers are done, like call centers, uh, lead intake VAs, stuff like that.

Brent: They’re, you know, they’re pretty much done. Yeah. Um, fast forward to G P T three, which I started using when it came out for Jasper and a couple other. Platform was back in 2021 and I remember it was like only like three videos on YouTube about G P T three, and I was just amazed by all three of ’em like, man, this is, this is insane.

Brent: Backtrack even farther. There was a Humans Need Not Apply video. I think that’s, that came out like nine years ago and it freaked me out. Um, so I’ve been thinking about these problems for a really long time and, and honestly I kind of forgot about ’em until Tay PT was released and I was like, oh, okay, I can build on top of this.

Brent: This is, this is groundbreaking, this is different, this is new. And I think we we’re seeing that with, you know, the, the amount of people who are embracing it. Moving forward and the things that have, have kind of happened since then. Yeah. Uh, it’s incredible to watch and there’s been a, like I was telling you earlier, there’s so many things that are going on that even for somebody like myself who spends hours a day going through Twitter threads and Reddit threads and everything else, finding kind of new and what’s happening, going through research papers, it’s, it’s hard to keep up with, even from my side because the amount of.

Brent: Uh, research that’s going into this now is, is incredible and there’s a turning point of what, when that happened, uh, used to in machine learning and deep learning, you know, you had your, you know, you had vision, computer vision, you had all these other aspects of machine learning that had their own kind of unique interest intricacies that, you know, certain teams were working on this side, some certain teams were working on.

Brent: This is what happens when you had the G P T aspect of it, everything became language. And when, I mean everything becomes language. Literally everything is a language. Mm-hmm. Uh, I was watching something the other day where they literally can take wifi signals from your house and take that signal and turn it into an image.

Brent: Uh, so they can show you like who, how many people are in the house, what position they’re in, all that stuff. It’s. It’s insane what’s happening. They’re taking F M R I data, right? It’s a brain scan and they’re taking that data and showing people images, and then they’re t training it on a model that will actually recreate that image of what they saw or turn it into a text.

Brent: So it’s basically reading their thoughts. Wow. Yeah. Insane. Yeah.

Mike: So, uh, let’s, uh, let’s dive into different departments in, in a traditional real estate investor’s business, right? Yeah. So let’s kind of talk about marketing first. So, and I run an agency as well, so hopefully you’re not gonna put us out of business here, Brett Brent.

Mike: But, uh, let’s talk a little bit about how, um, you know, how it might impact how real estate investors market. There’s some obvious stuff, probably like writing copy, like everybody. That’s probably where a lot of people are using chat G P T right now or AI kind of start there like let me help it, have it write email sequences and stuff like that.

Mike: But I know it’s way more so talk about where, where we’re at and where we’re

Brent: going. I do want to add something to copy as well. Um, I’ve, I’ve seen people, you know, people charge money to write these beautiful listings and stuff for people, right. I’ve seen those people that have been, you know, we all wanna believe we’re special snowflakes and that we can’t be replaced.

Brent: And that, you know, no, nothing can do it better than I can do it. It’s just not true. Uh, yeah. I’ve seen a lot of people on, on that side of the fence where they talk about, well, it, you know, it’s nowhere near as good. It’s nowhere this, it’s like, well, it’s. Nine times outta 10. It’s simply about prompting, right?

Brent: If you can ask really good questions and you can describe something extremely well, uh, in a prompt, then you’ll get better responses. But if you’re just lazy and you’re like, Hey, write me a listing for this. It’s not going to p know the beds and baths. It’s not gonna know what your goal is. Like. You have to give it all that and give it a goal, uh, for it to actually write really good copy that doesn’t.

Brent: I can spot it from a mile away when somebody just does a lazy, uh, edit and just throws it in there or lazy prompt and just throws it in there and they just paste the output, uh, that’s easy to spot. And I think a lot more people will become aware of that. So that’s copy. Now you own agency, right? So you know all about ad A and b testing.

Brent: Well, what’s what’s happening in with, with the advancements of AI is that. You’ll have a to Z to 10 billion testing that can happen all at one time simultaneously. So you can basically pick your winners and losers a lot faster and make decisions for you without having to go and compile that information.

Brent: Uh, not only just go and test that all, but create all of those tests all at one time. Right. So you could launch, you could launch like landing pages or

Mike: direct mail

or

Brent: any of those things. Landing pages, direct mail, uh uh, Facebook ads, PPC ads, any of that stuff. Uh, there’s already people that are working on this where essentially you just, you know, input your goal, input what your company is.

Brent: And essentially it’ll create all the marketing copy, create everything, import it right into Google, import it right into Facebook, and have everything done for you, and it’ll test and run automatically for you. Uh, over time picking on picking the best winners, what’s working, what’s not working. Yeah. Wow.

Brent: So significantly saving you a lot more in time, energy, and cost, and not necessarily requiring you to hire a PPC manager or a Facebook ads manager or something like that. Yeah.

Mike: And how will, uh, how do you think the ad platforms, let’s just say like Facebook for example, Google, how will they, um, transform to accepting that to, to, to where there’s not as potentially as much manual management of ad campaigns and stuff like that.

Mike: Like how can it iterate and make, uh, campaign changes on the back end? Like, man, from a campaign management

Brent: standpoint, You talking about from, uh, like if you’re inside a Facebook ad manager right?

Mike: In, in, in the ad managers or you’re in, uh, the Google ad platform.

Brent: I mean, I think eventually what will happen is they’re they’re gonna implement their own systems that will do all that for you.

Brent: Yeah. Or will probably end up acquiring one of these companies that are doing it. That’s, that’s essentially the, the, the way they typically go. Um, But yeah, currently, I mean, I, I wouldn’t really know how to answer that question. Um, but they will,

Mike: they will, uh, evolve to be able to interact with the perfect, the perfect advertising campaign.

Mike: And it just did it for you while you were sleeping, correct?

Brent: Yeah. Yeah, it’s, um, and it’s really interesting to think about, well, what does PPC look like once Google puts in, uh, their chatbot in their search bar? Right? Yeah. Cause having on that

Mike: right now, entrepreneurs expect to be able to compete on something, right?

Mike: If everything’s optimized. How is there, how is there more than one company that does everything in America? You know,

Brent: that’s, that’s where we, that’s where we come into regulation, and that’s, that’s where I think that, you know, as, as a whole, as our co you know, not to get too political, but [00:12:00] that’s been the biggest problem in our country in general for the longest time, uh, not just in our politics, but in our corporations.

Brent: We have these, uh, monopolies, duopolies, all these things. Right? Right. But I, this is, this is where I get really into the weeds of things. And I know it’s just gonna necessarily about real estate. But if, if something doesn’t happen quickly and we don’t fundamentally change as a society, we’re in for a rude awakening.

Brent: Um, or if we don’t regulate this to death, And then at that point, like who chooses, who regulates what and how do we trust other countries to regulate it? I mean, it’s a, it’s a big problem, and that’s why you see. Meetings at the White House, and you see, uh, the European countries are, are getting together and trying to figure out what, you know, what the future looks like.

Brent: And it’s my goal to kind of hopefully have a seat at one of those tables one day.

Mike: Yeah. That’s awesome. Um, so let’s, let’s move on and talk a little bit about, uh, acquisitions, right? Uh, the acquisition side of, of our business. And so o obviously there’ll be some ai, some ability to analyze deals, crunch numbers, evaluate things, right?

Mike: It’s o as you know, That stuff’s not hard at all. It all comes down to how good are the inputs in the first place. Right. But talk about how the acquisition side of the business might get impacted.

Brent: Yeah. So I mean, I think 80% of your acquisition process can be automated, uh, because again, it’s a lot of the same questions that you need answers to.

Brent: Um, the, it’s the deal structuring. That’s gonna be a little tricky, especially for somebody like me who kind of thrived in the creative side of things. Yeah. Um, so, you know, there’s so many different ways to structure a deal and there’s, you know, AI can’t understand the fact that, oh, well I’m trading, I’m giving them a boat or giving them this, or whatever, you know, for, for all that stuff.

Brent: But, um, I think what you’re gonna see is when it comes to acquisitions, is that your forms, your chat on your website and your SMS. And phone intake can all be automated and be undetectable, whether or not if it’s an AI doing it or if it’s a human doing it, we’re already pretty close to that right now. As a matter of fact, I’m working with a company to build voice assistance for real estate investors.

Brent: Um, And they’ve already offloaded 75% of the Golden Nugget Casino hotels, uh, of their, uh, reservations to ai, uh, voice assistance. So it’s, it’s working, uh, and it’s going to happen to where eventually, like VAs are kind of, their days are cold callers, VAs lead intakes. That, that those things are gonna be automated, so, which is great.

Brent: For a business owner. Right. Uh, not so great. If you’re an employee and you’re, you know, a customer service employee or lead intake or acquisitions manager, uh, at a company. I’m not saying it’s gonna happen, you know, tomorrow, but it’s gonna, I think within the next 12 months, you’ll see, uh, a massive shift in what you’ll need as an, as a company when it comes to employees.

Mike: Yeah. And there’s probably some there, there’s some delay. I would assume like a lot of folks that we buy houses from tend to be a little bit older. Right. Mm-hmm. Um, and they’re probably more likely to wanna sit across the table and look somebody in the eye. Right? I mean, they’re, there’s just, just like, just like, and I, I believe this, and I, I support people that do all these things inside of my mastermind and other things.

Mike: There’s people that buy virtually over the phone across lots of markets. Mm-hmm. And there’s people that go meet with them at the kitchen table. And the kitchen table folks still outperform virtual just because of that personal touch. And so, yeah, there, there is some. Balance between what is possible and what’s realistically implementable, I

Brent: guess, too.

Brent: Right? Yeah. I mean, I, I, I’m, I’m a firm believer of the, the kitchen table. I mean, there’s nothing wrong at all of people doing virtually. I, I’m just, in my mind if, if the parameters are the same, we can spend the same amount of money on the same house and I can meet ’em in person at their, at their kitchen table and talk to ’em.

Brent: Yeah. I’m gonna win.

Mike: Uh, yeah, I agree with you. Yeah, I believe that too. So my point is, is like even though, you know, grandma could get on on there and fill out a form to analyze her house and probably get a bunch of virtual automated offers, right? Mm-hmm. There’s the, the, the folks that can still build that relationship, human to human are still gonna have a leg up for, certainly for the foreseeable future, I would assume.

Brent: I think it’s gonna become even more important. Yeah. Um, as more and more things become automated things, I mean, you’re already starting to see a, a. Big breakdown in trust, um, because it’s hard to tell what’s real anymore, and it’s gonna become even harder. Once these, once these get more powerful, especially when it comes to video, uh, we’ve already seen it with audio.

Brent: It can, with it, you got three seconds of someone’s voice, you can automatically recreate that voice, uh, which is scary because they’re already using it for scams. People saying that, oh, they got their daughter’s voice and they’re calling their parents and like, Hey, I forgot my social security number. I need it.

Brent: I’m applying for this job, or whatever. And boom, there you go. You got your social hacking right there. Yeah. Wow. That’s crazy. So you need to create a password, like a phrase for people. Uh, that’s gonna be a reality whenever you’re talking to someone to be sure that you’re talking to the right person. Yeah.

Brent: They need to know your, they need to know your passcode.

Mike: Wow. So, so on the acquisition side, you know, it’s more around lead intake, possibly analyzing properties, uh, automating some of those things. But the, yeah. You’re seeing relationship stuff is still gonna be winning out for a while.

Brent: Yeah. So, and you’re seeing like even, uh, I think deal machine just launched, uh, last week.

Brent: They launched like up their alma. I believe it’s what it’s called. And it’s basically if you were a brand new wholesaler just getting into this business or a brand new investor, just getting into it like that looks pretty, I haven’t gotten the chance to use it yet, but it looks pretty good because it’s given you like helpful tips on like how to analyze the property and it’s giving you all the information.

Brent: Now that’s assuming that it has all the information it needs. It might be a little bit harder if you’re in like a non-disclosure state like Mississippi, uh, but it’ll tell you like, this property last sold for this should be your max allowable offer. Uh, all these things. So it’s, it’s. Basically doing a lot of the research and study for you to help you make better decisions.

Brent: And right now, I think that’s the most effective use case of AI is to basically speed up your learning curve and help you make better decisions. Uh, getting, you know, financial analysts are also done, they’re on the chopping block.

Mike: Hmm. Yeah. How, how, so let’s move into dispo on the dispo side, like typically people have had a leg up over, it’s kind of like data, right?

Mike: Like, I know who is buying, I know who’s paying cash. I. It’s been really archaic. Like, can you get access to your mls? Is it a disclosure state or not? Can I find out what they paid in Texas? You can’t, if it’s a cash buy, you know, if it’s not on the mls. And so how do you think, um, so this is probably an area where it’s more about, um, aggregation of data than it is AI necessarily.

Mike: It’s just, yeah, like talk about a little bit about how dispo dispositions of properties might be impacted.

Brent: I, I mean, it’s obviously gonna become much easier and more automated. Um, I can’t tell you how many times I’ve wasted time on the phone with a buyer who’s got a million questions about a house when I’ve sent ’em literally everything they could possibly want.

Brent: I mean, I got to the point where I just started every house that we were gonna wholesale. I never knew if I was gonna wholesale, if I put it under. My philosophy was if I put it under a contract, I’m buying it. Unless there’s something I find that’s, you know, scary, scary, wrong with it. So I always. I always put it under contract and I paid for an inspection.

Brent: Now that might be a $300 expense, but I did took it as a cost of doing business. And if I found something on that inspection report, well then I can always go back to the homeowner and be like, Hey, look, I, I didn’t know this was, this was a thing. Clearly this is an issue that we’re gonna have to fix.

Brent: That’s a lot more than what we originally discussed. Right. You know, and they’ll work with you usually nine times outta 10 on, on renegotiating. So you’ll be in a better shape. But, You know, as far as dispositions go, it’s, it’s gonna be just simply push a button and you’ll have, be able to have hundreds of conversations with everyone on your list, uh, automatically without ever having to actually talk to them.

Brent: Uh, and then just getting, uh, when someone gets through the funnel essentially, uh, here’s a contract, boom, and here’s it back.

Mike: Yeah. Yeah. Cuz at the end of the day, like, and there have been some people that have, this was an ai, but just certainly during Covid, they would go in and they would take, um, you know, 3d, uh, pictures and videos and people could kind of be there without being there, right?

Mike: Yeah. And so if you have that married together with answers to every question you could possibly have, then you don’t, I guess you don’t need a human salesperson necessarily that’s selling it, right?

Brent: No. Yeah, because my, my thought philosophy is if I send you everything you could possibly need and you’re a real buyer, then I should never really even have to talk to you.

Brent: Right? Like, yeah, yeah. Like, I, I’d be happy to talk to you, but like, if you’re a real buyer and you got an inspection report and you’ve got all the photos, you’ve got everything you could possibly need, you know, the numbers. What do you need me for? Like, this is, this is your decision to make. Yeah,

Mike: yeah, yeah.

Mike: And this is a little bit of a side note here, but what, what do you think the impact of AI is gonna be on kind of the, uh, Just the realtor, uh, structure in America. I mean, I think right now, even for the past like 10 years, people are pretty much finding the houses they wanna look at and just using the realtor as the key holder, the gate, the gatekeeper, I guess, to get in and outta properties.

Brent: But yeah, to go in and look at it. Right. Um, look, I mean, we’ve, we’ve all gotta adapt and overcome. I’m actually a licensed realtor myself. Um, it’s. I think you, I mean, I don’t know if you’ve seen, did you see the Zillow plugin launch? Uh, I mentioned it the other day. No, but, uh, so they’re, so chat GBTs getting plugins, and this kind of really changes everything because it gives it access to the internet, gives it, basically any business can build a plugin.

Brent: Uh, but they, they can, uh, ship out to anybody that wants to use it. So Zillow is basically going, Hey, All gotta do is go in and I can literally ask it any question. Like, I’m looking for a three bed, two bath that fits, you know, this objective, this goal, whatever. Do you have anything in this area? And it will literally start finding everything and spitting ’em all.

Brent: Right, right out to you, right inside of chat, C p t. Hmm. Uh, so think about that as, as an investor wise, right? Uh, if I, if I’m setting parameters that say, you know, I’m looking for. These types of properties and these neighborhoods that fit this description that were recently canceled or, or are pin, uh, pined but canceled or didn’t go through or whatever, I can get all that information sent to me just with a simple question so I get to treat it.

Brent: So as far as realtors go, it’s like, look, you know, I’m not gonna downplay the, the, the good realtors because the really good ones are worth their weight and gold. Uh, but if you’re playing in that kind of part-time mediocrity, I’m just kind of doing this to hopefully get a listing here and there. It, I mean, it’s really not worth it.

Brent: Uh, but I don’t know. I mean, it’s all gonna come down to regulation. I think with that. NA r has a lot of impact on that, but they’re facing their own, uh, litigation, so who knows? Yeah.

Mike: And I think back to what we talked about, acquisitions, I mean, that relationship is still valuable, right? For the people that do, for the people that do a good job.

Mike: I, I don’t, you know, I’m not here to, to bash, uh, realtors, but like you said, there’s a lot, there’s, there’s some good ones and there’s a lot that, that aren’t great. And I think the average, uh, Agent and especially even before the inventory shortage. I mean, I think the average agent in America lists like two houses a year.

Mike: I mean, it’s a real small, it’s like a couple friend and family type things. It is typical, right. And so, right. Uh, and those are the ones that are probably the necessary evil. Like, Hey, my buddy’s a agent so I’ll let him show us access. But you don’t really need it cuz you can see everything you wanna see online anyway.

Mike: Right. Yeah. Interesting. Yep. So let’s, let’s get into, uh, staffing. We talked about this a little bit already, a lot of administrative type things that can be, you know, easily outsourced, uh, overseas right now. Just general staffing and maybe even talk about, not even, um, like general administrative, but just.

Mike: Job search for highly qualified people. Like we, we, we’ve been searching for some, you know, some high-end developers and stuff like that. And it, it’s a cumbersome process, right? To find those people and interview tons of people. And maybe just talk about like, how AI is gonna, uh, maybe change the game there for, for businesses that are staffing up.

Brent: Yeah, just, I just looked at, uh, I didn’t really go too deep into ’em, but I shared it on my newsletter earlier. Uh, there’s already several companies that are working on, like HR that are basically powered through ai. Holly, I think Meet Holly, right? It’s either Holly or Meet Holly ai, um, is one of those companies, and they’re basically using AI to, to help you with your hr.

Brent: Um, I mean, obviously I have the same struggles you have. I mean, you’re working on building, uh, platforms and things of that nature. The reality is though, and this is the day that I’m waiting on because I’m, I’m actively learning how to code now I’m learning about machine learning now. Cause I believe this is our, this is my internet moment.

Brent: Right. Um, real estate’s cool, but it is, it’s not the internet. Right. Um, and what I’m finding is, is that the future is, this is the future. If you can describe it, you can create it. Mm-hmm. Uh, and that goes for anything. If you can, if you can describe the app that you want to build, you can build it without having to ever hire a developer to build it.

Brent: Uh, and it’s all gonna come down the same, back to prompting. The better you are at describing things, the better it will work. There’s already several projects that are working on that. Um, and we can get into like auto, like a agents, right? Uh, that’s kind of been in the hot topic recently is what they call auto, G P T or baby agi.

Brent: These are people who are open source building, uh, what they call auto agents. And essentially you give it a goal and it starts creating tasks based around that goal. So it just spawns all these agents and it goes out to the internet. It researches, it, pulls what it thinks it needs, and it just starts building.

Brent: The problem is, is that like it’s still a little buggy, it’s early. Uh, the second thing is, is like there’s only so much memory it has and it could also, you know, Feed up a ton of your money cuz you’re having to plug in your API for open api, open AI into that platform. So it can just as every time it’s running, it’s just running, running, running, running, running, running into it, figure till it feels like it’s, it’s met its goal.

Brent: So again, back to describing exactly what you want really well. Mm-hmm. But it’s doing all these tasks for you. I mean, I built an entire, um, like essentially press release, um, Ideas for, uh, uh, presentation spreadsheet. It built all the presentations out other than the video, it just gave me all the text, but it was building all the, doing market research, doing all these things for me in the background simply because I asked it like they gave it one goal and it starts doing it.

Brent: So anybody wants to go and like play with those tools. Uh, all you need is open api, open ai, API key, which you can get on open ai. Go to, uh, search God mode AI or baby agi, one of those, you’ll find a platform that somebody built on top of their code and you just plug your a a P I key in there and it’ll literally just go to town, uh, and watch it work.

Brent: And it literally will show you like, what it, what’s it thinking about? Okay, this is the next task, here’s how I accomplish the next task. And it’s just running. And then it goes to the next task and completes until it, until it’s done. Wow. I’ve seen it. I mean the people. So one of the coolest things that I’m seeing right now is this kid who has absolutely no idea how to code at all.

Brent: And he is building what he is dubbing like Jar, G p T. So he is teaching these auto agents how to open blender, open Unreal engine, uh, and create, uh, basically create a, uh, Pixar movie. Basically you just put in a book and it’ll, it’ll animate the entire thing and turn it into a Pixar movie. Um, and I think that’s kind of the, again, back to, if you can describe it, you could build it.

Brent: Yeah.

Mike: Wow. Interesting times, man. So what, what else are we, what, what do we not talk about today that you, you see impacting the real estate

Brent: investor side? I don’t know. I mean, both. I’m like you, right? I’m extremely excited about the future, but I’m also extremely terrified. I, I, I don’t think we’re at the point where we have to worry about some kind of sky nett type situation just yet, although that is, that is still on the table as much as, as funny as it sounds, it is still very much on the table.

Brent: Um, but what I am more worried about is the impact on jobs because, We talked about, great, it’s great for a [00:29:00] business owner that I can replace, you know, half of my staff or you know, even 30% of my staff. Well, what happens when that’s 30% of the global economy, right? Are we buying real estate then? Like, who has money?

Brent: Yeah. Uh, that’s, that’s kind of my biggest fear. Uh, there’ll be this period cuz

Mike: you know, we, we buy houses for people that are in distress. Not that we wish. That distress on

Brent: any, any one, right? Yeah. There’ll be, there’ll be this period that there will be a lot of, uh,

Mike: it’s easier hope to buy. People won’t transition from owners to renters probably.

Mike: Right. So if you’re buying hold, there’ll be some opportunities there, but eventually, you know, how do people pay the rent?

Brent: Right? Right. Yeah. That’s kind of the, the big problem here. And I, and that’s why I’m a firm believer and proponent of, uh, a ubi. I don’t have all the answers, but I do believe that’s an, that’s an issue and that’s why I’m working towards creating a more fair and equitable internet, um, because I believe our.

Brent: Data, our personal data should be private property and treated as such, and we’re more than willing to give access to it. We’ve shown that, uh, but we should also be getting paid for it. So that can create like a, my goal is to create a U B I without taxation legislation or any government involvement. So explain that a

Mike: little bit.

Mike: Uh, basically where people can earn money from sharing their own data. Right when the average wouldn’t, the average, and, and I hate to sound like negative with the average kind of low income person, would basically just say, just take it All right. I mean, just the same person that’s like, you know, yeah.

Mike: Donating plasma right now, because that’s all they can do. Right. It’s just take, take whatever you want, just pay

Brent: me. Yeah. They’re pretty much art, right? So my goal is to make it to where you can select. Whatever you want to share. Some people like you and I are myself, whatever may feel like I don’t wanna share that kind of data.

Brent: Yeah. There will be a lot of people who say, just take it all. Guess what? They are taking it at all already. All right. Uh, Googles the metas, all them are taking it all already. Uh, and they’re doing it with your permission through a terms of service agreement, but they’re not giving you any, anything of [00:31:00] real value, uh, for doing that.

Brent: So my goal is to make a fair exchange, right? I’ll get you, give me permission to use your data. And every time your data is accessed, you get a piece of that, uh, that action. Now, we’re not talking about life-changing sums of money, but it’s better than nothing and it’s better than what we’re currently getting.

Brent: Yeah.

Mike: Interesting stuff. So what can people do? Uh, this is, this is gonna a little bit of a loaded question, but what can they do to prepare for this? And, and this is the same thing people should have been doing all along, is focus on skills that are transferrable to other things and having a skillset that’s, you know, if you were, if you were basically a, a buggy driver like a long time ago, like your days were numbered, right?

Mike: So what can people do to kind of prepare for this, do you think?

Brent: I mean, honestly, you need to do as much research as humanly possible yourself and, and come up with your own conclusions. My conclusion is that, um, we have to rethink how society works currently. Everything from our education systems to our political systems, everything, uh, finance, all that.

Brent: We have to rethink a lot if we’re going to truly. Evolve into a species that, that wants to, uh, inhabit this earth for, for a long period of time. And that’s simply the reason I say all that. And again, I’m not a dor. I just know that people will find this very hard to believe when I say that. Like, look, this thing is, this is serious.

Brent: It’s, this is not the horse and buggy situation. Right? Right. You know, there you could say it does. You know, well, you know, we have cars and there’s more jobs that were created from that. There’s all these issues. There’s the problem is, is I’ve not heard one researcher say, well, this is the exact same. This is the jobs that’s going to create.

Brent: No one can pinpoint that, and no one ever really has been able to pinpoint that until it happens. But what Agi I really is, is, uh, uh, Artificial intelligence that’s more, that’s, that’s [00:33:00] more useful than a human. I mean, it’s already smarter. Chatt is already smarter than, than humanity, than any, any single human because it’s so, it’s so versed on so many different things, and it will hallucinate from time to time.

Brent: But I think the biggest problem is like, what do we do when humans need not apply? Right. What does that look like as a, as a society when we don’t have jobs? When we can’t have jobs, and then the jobs that we do have, like what do we do? What does life look like when work is not the centerpiece of your life?

Brent: Yeah. And it’s a fun and interesting question, but it’s also a very challenging when the answer cause it, it, it pokes holes in everything that we know as, as our society. Yep. Yep. Uh, I look forward to the day when none of us have to work, like, I feel like I’ve done the last 20 years of my life. I feel like I’ve done everything to not work because I’ve always went after things that I enjoy doing.

Brent: Ever since I graduated high school, I moved to Chicago, went to go work for a record label. Like [00:34:00] I always figured out a way to travel, do the things I love, to make money and make a living. Um, so I’m one of the, the few people that have never really had like the, that corporate job that they hated or, you know, had to go work, uh, you know, shitty manual labor jobs out in the field somewhere.

Brent: Even though I’ve done those, I grew up on a farm. Um, I, well, I, I’ve just, I just want to know like, what do we all do? Like, what are we all right, what are, what are we gonna do? Like, what is money? Yeah. Interesting stuff. I know I’m over here, like, probably just rambling and ranting. No, it’s,

Mike: it’s like, it’s, it’s hard because it’s hard to banter cuz you don’t know.

Mike: Like, it’s not like, well here’s what I think’s gonna happen. I have no idea. You know?

Brent: Um, I mean, I, I think there will be a, within the next five years, half the half the, uh, Population on this country, on this planet will have to be reskilled or up trained to something different. Uh, transportation jobs. Are pretty much done, automation’s taken care of.

Brent: A lot of the, I mean, they have already automated the, the crap out of everything, but when you get more general purpose robots that are meshing with the ai, which is happening at the same rate of speed that we’re seeing on other things, you got, that’s what people don’t realize is that now that everything has become a language, everything is working in a singularity towards one goal.

Brent: Right? Uh, and it’s moving at an exponential rate that we have never seen in any kind of industry, any kind of technology, anything. Um, so that’s why you saw like the, you know, the, the, the leaders of AI saying like, Hey, we need to pause for like six months. Uh, and I wasn’t even a big proponent of the pause.

Brent: I’m not a proponent of the pause of research. Uh, I’m a proponent of pausing of public deployment until we can figure out, hey, what’s, what’s going on? Because there’s things that they don’t even understand themselves. They don’t understand why it’s learned languages that it was never taught. It just learned on its own.

Brent: Yeah. And no one can explain why that happened. So like, maybe we should like really figure out what, what we’re unleashed into the public first and what the repercussions could be before we just do this massive employ deployment. Because what happened is Google’s been doing AI for a long time, right? Uh, they’ve had, I mean, they bought Deep Mind years ago.

Brent: They were part of the Alpha Go that, uh, beat the best chess players in the world. They’ve been a part of it for a long time, but they weren’t releasing anything to the public, which again, There’s a, you know, damned if you do, damned if you don’t type thing. It’s like when, when you release something like that and when you keep it private.

Brent: Um, open AI came out, released chat G P t and caught Google on their heels and now they’ve been trying to race to catch up ever since. But what happens is when you create that race, everyone gets in on the race and no one’s really concerned about the casualties that happen along the way. As long as I beat, as long as I beat them.

Brent: Yeah. Yeah, absolutely.

Mike: Well, Brent, I know you share a lot of, uh, information online about this, uh, uh, on your, I dunno if you refer to it as a blog, but where, tell us where people can go, kind of follow along with your learnings and your, uh, and my takes. Your takes,

Brent: takes on everything. Yeah. So I, uh, sent my daily newsletter called Ideations.

Brent: That’s a I d e a t i o n S. Dot com. Um, that’s where every single day I’m, I’m taking Twitter threads, right at threads, uh, newsletters that I’m reading, research papers that I’m reading, and I’m just breaking ’em down in kind of like two paragraph common, you know, common sense. Here’s what’s happening, here’s the impacts, here’s what’s, you know, what’s what this means.

Brent: Sharing, you know, five to six cool tools that I’ve come across every single day and usually throw in a video. And then occasionally some instructions on like, here’s, here’s a cool prompt that you can use it. Here’s how I used it. Um, things like that. So I do that, like I said, three to five times a week I write that newsletter and it’s a lot of fun.

Brent: And right now we have about, I think six or 7,000 subscribers on that. So we have a 50% open rate. So it’s working, it’s, it’s doing something and it’s free to join. Uh, there is an option to pay monthly, but that’s just this show support. And I do a, a monthly call with the premium subscribers, so, It’s, it’s $5 a month.

Brent: It’s pretty cheap. Yeah.

Mike: Yeah. Awesome. Well, we’ll add, uh, we’ll add the link down, although for those of you that heard it but didn’t write it down for how to get the ideation. So, Brent, hey, thanks for, uh, sharing your knowledge with

Brent: us today. I’m hoping that it opened the eyes to some bigger issues, and I know this, this is all about real estate and I look, I love real estate and I, I’m a firm believer that it’s the easiest and quickest way to become truly wealthy.

Brent: Um, As, as far as like, you know, not having to work for a living, um, I just want people to understand that, you know, while I may seem like things, I’m talking about things that are 10 years off, I’m not talking about things that are 10 years off. I’m talking about things that are a year out that are gonna have severe impacts on everything.

Brent: While it’s all, it’s great to think about how can this benefit me? Well, I think we all need to be discussing how can this benefit everyone? Yeah. And what that world looks like moving forward. But at the same time, yes, be using it in your businesses. Learn how to, how to, uh, automate a lot of your processes.

Brent: Take advantage of it because if you’re not, you’re gonna be one of those that’s left in the dirt. Yeah. Yeah.

Mike: Awesome. Well, good stuff. Exciting and scary at the same time. A little mixture of both, I guess. Yeah. Yeah. But, uh, thanks for, I’m optimistic. Look at the end of the drive. It’s always been, I mean, I’ve been in the real estate investing industry for 15 years and it’s always been a race to who can be a better operator, who can be more efficient.

Mike: Right, who can do all these things and, and, and that race is just, uh, is certainly picking up speed, right? And so, right. You need to kind of evolve or you’re gonna die. But, uh, hopefully, you know, some bad things that could happen don’t happen in the process. I

Brent: guess. Let’s hope not. I’m very optimistic that we’ll get it right.

Brent: Um, it’s just my goal is to create awareness on, on what the problems are. Yeah. [00:40:00] Um, and then moving past that again, it’s just very simple. Like learn to be using. Like, you should be using chat g p t every single day for something, for at least spend 30 minutes every single day. Um, and I ask it questions, treat it like it’s, treat it like it’s your mentor.

Brent: Uh, I, look, I used to sell courses and mentorships and things like that. Like I, it’s really not a, it’s really not necessary anymore. There’s nothing, there’s a lot of money that could be paid for like real guidance, right? I got real mentors that’s worth their weighting gold and they’re definitely worth the money.

Brent: But if it’s a course, like unless it’s on something brand new that. Uh, chat. G B T wouldn’t have access to which it’s coming anyways cause they’re have integrating the web plugin. Um, there’s really no need because I’ve literally learned everything I could possibly want to learn about how to build a, a social media company, what the presentation should look like, what the press release should read, like what the video of the commercials, all these things.

Brent: I just asked the questions for the longest time. I just had all these roadblocks of, uh, you know, I don’t know how to do that. I don’t know how to do that. Uh, talk to it like it’s. The expert at everything you could possibly think of and ask it the right questions. And I promise you, you’ll be amazed at what you can learn and how fast you can learn it.

Mike: Yeah. Uh, and use that opportunity to improve your skills so that this is less of an issue for you, right? Correct. Yeah. Awesome, Brent. Hey, thanks so much for sharing your time with us today. Thanks, Mike. Everybody. Hope you got some good value from today. Uh, don’t be scared. Uh, there’s lots of opportunity here if you use, these are just like, there’s lots of tools out there that in the wrong hands can be used against you, and in the right hands can, can be, uh, used for good, right?

Mike: So I think that’s the key here. Still plenty of opportunities in the real estate investing industry that’s not going anywhere. Just do the right thing for people. Serve people. Uh, and make some money along the way. So thanks for listening to today Show. Have a great day. See you on the next show. There are three ways I can help you start or grow your real estate investing business if you’re a new investor in just getting started, the Flip Nerd Investor Coaching program is the most effective program in America.

Mike: I’ve been coaching and mentoring new real estate investors for 10 years. And my students have literally purchased thousands and thousands of properties. Many of them started with little to no experience at all. Our program is a Paint by Numbers program where we tell you exactly what to do week by week to make sure that you don’t get distracted on your way to results.

Mike: We show you how to build a real business, not just create another job for yourself. New memberships are limited. You can learn more and apply. Or schedule a call with me and my team at lipner.com/coaching. If you’re an experienced investor doing a minimum of 10 deals a year, up to 500 deals a year or more, or have a multi-million dollar real estate portfolio already, you should check out our powerful Investor Fuel Real Estate investor Mastermind.

Mike: Over a hundred of the nation’s leading real estate investors are members, and it’s not uncommon for our members. To two to five x their business just from getting around other members At Investor Fuel. At Investor Fuel, each of us are business advisors to one another’s businesses, but we don’t stop at business.

Mike: We focus heavily on becoming better people and living fuller lives. If you’re looking. For fuel for your business or fuel for your life, please check out Investorfuel.com. Applications and interviews are required as most investors are not a fit for our community. Please learn [email protected] if you’re not ready for coaching or masterminds, but eager to start learning more about investing, please join our private Facebook group by visiting FlipNerd.com/facebook. New members get access to free training from us right [email protected] and it’s a community to safely ask your questions, a great place to get started, simply go to FlipNerd.com/facebook to request your access today.

Source: flipnerd.com

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Apache is functioning normally

May 22, 2023 by Brett Tams

Inside: Do you need to make $5000 fast for ways to make extra money? This guide has dozens of ideas for earning money. When you need to know how to make 5000 fast, this list has something for you.

Are you looking for ways to make 5000 dollars fast?

You’re in the right place.

In this post, we’ll share 15 realistic ways to make money quickly.

Your first thought might be SCAM to make this much money fast, but honestly, there are plenty of ways to make extra cash without any special skills or experience.

You just have to decide what works best for you. That is how you will make the most money without feeling like you are working.

I love hustling to make extra money to afford things we couldn’t otherwise.

So if you’re ready to start making some extra cash, let’s get started!

Are you looking for ways to make money quickly? This guide has you covered with realistic ways on how to make 5000 dollars fast. Use the money money ideas to generate income easily.

What are the most realistic ways to make $5,000 fast?

Moreover, making $5,000 fast is possible through a combination of online and offline methods.

Selling items, offering freelance work, participating in paid surveys, trading stocks, and pet-sitting or dog-walking services are all viable options.

Set goals, track progress, and experiment with multiple gigs to find what works best for you. With dedication, effort, and a little bit of creativity, you can reach your income goal in no time.

How to double $5,000 quickly?

Hundred dollar bills in a

If you want to double $5,000 quickly, there are several realistic ways to achieve this goal. Here are five options to consider:

  1. Invest in the stock market: The stock market can be a great way to make money quickly, but it also comes with risks. Look for companies with a strong track record and invest wisely.
  2. Start a side hustle: Starting a side business or selling items online can be a great way to make extra money. Consider your skills and interests to find a profitable niche.
  3. Participate in affiliate marketing: Affiliate marketing involves promoting products and earning a commission for each sale. Look for products with high commissions and a strong customer base.
  4. Flip items for profit: Buy low and sell high by flipping items like cars, furniture, or electronics. This can be a risky business, so do your research and start small.
  5. Play the long game: Consider living a frugal life and saving and investing your money over time to see a larger return. This may not double your money quickly, but it can lead to significant growth in the long run.

Each method comes with its own potential risks and benefits, so it’s important to do your research and choose the option that best fits your skills and financial goals.

With dedication and hard work, doubling your $5,000 is within reach.

This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.

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16 realistic ways to make 5000 dollars fast

Picture of hundred dollar bills for ways to make 5000 dollars fast.

If you’ve been looking for ways to make some extra money, there are many opportunities out there.

While most won’t make you rich overnight, if you put in the effort, you can find some that will help you reach your financial goals.

Here are 16 realistic ways to make $5,000 fast.

1. Sell Unwanted Items

If you’re looking to make $5000 fast, selling unwanted items is a great way to do it.

Start by identifying valuable items in your home such as antiques, electronics, furniture, or musical instruments.

Once you’ve identified your items, choose a platform to sell on eBay, Craigslist, and Facebook Marketplace are all great options.

When pricing your items, do some research to ensure you’re pricing them competitively. Use the “buy it now” feature on eBay or set a fair price on Craigslist and Facebook Marketplace. Don’t forget to take clear photos and provide detailed descriptions of your items.

Check out the most popular items to sell and make money. Plus you can declutter your home.

2. Take on a Part-Time Job

Part-time jobs offer a steady stream of income and opportunities for skill development. Often this is an overlooked way to make money, but there are plenty of part-time jobs available.

Popular part-time job options include retail or food service positions, which often offer the potential for tips or commission-based earnings.

Balancing a part-time job with other commitments may be challenging, but it can be done with proper planning and prioritization. Overall, a part-time job can be a reliable way to generate extra income and reach financial goals.

Many happen to be early morning jobs, too.

3. Invest in Stocks

Picture of someone reviewing information on the stock market.

Investing in stocks can be a realistic way to make $5000 fast. In fact, learn how fast you can make money with stocks.

Since you are interested in making money fast, you need to be an active trader, which means you are trading for income. Not a buy-and-hold investor.

Typically, most active traders prefer to trade growth stocks such as Google, Microsoft, Amazon, Apple, or Tesla.

It’s important to do your research and choose the right stocks to invest in. More importantly, you have to know when to enter and exit. Here is the best course I know on learning how to trade stocks.

However, keep in mind that investing in stocks is subject to market risk, so it’s important to consult with a personal finance expert and assess your risk tolerance before making any investments.

4. Borrow Money

Remember that borrowing money should not be a long-term solution and explore other ways to make money as well.

If you need to make $5000 fast, borrowing money might be an option. You can borrow from a personal loan, credit card, or friends and family.

  • Personal loans are a good option if you have good credit, but they often come with high-interest rates.
  • Credit cards can offer cash advances, but the interest rates can be high too.
  • Borrowing from friends or family can be a good option, but it can also put a strain on relationships.

To secure the best possible terms, shop around for loans and compare interest rates and fees. Make sure to read and understand the terms and conditions before signing, and ensure you can make the payments on time.

5. Sell Things Online

Selling things online is a great way to make extra cash quickly. This involves buying items you know you can resell online for a higher price.

With the ability to reach a wider audience and the convenience of not having to leave your house, selling online has become increasingly popular.

Platforms like eBay, Etsy, and Amazon offer product-selling concepts that make it easy to sell a variety of items, from clothes to electronics.

To optimize product listings, take high-quality photos, write detailed descriptions, and price items competitively. When handling shipping and handling, use free shipping labels, and provide excellent customer service to ensure a positive experience for buyers.

6. Land a Job That You Can Do From Home

A lady working from home.

To land a job that you can do from home, it’s important to have the necessary skills and qualifications for the job you’re interested in.

Popular work-from-home jobs include online tutoring, virtual assistance, bookkeeping, social media management, and transcription.

Be prepared to participate in virtual interviews and demonstrate your ability to work independently. With the right skills and job search strategies, you can land a job that you can do from home.

Find the best non phone work from home jobs.

7. Make Crafts

Crafts can be a fun way to turn your hobby into a money-making side hustle.

Here’s a step-by-step guide to help you get started:

  1. Choose your craft: Decide on a craft that you enjoy making and that you think will sell well. Popular options include jewelry, candles, and home decor.
  2. Gather your materials: Depending on your craft, you’ll need to gather materials such as beads, wax, or fabric. You can find these at craft stores or online.
  3. Develop your skills: If you’re new to your chosen craft, take some time to practice and improve your skills. Watch tutorials and read books to learn new techniques.
  4. Create your products: Once you have your materials and skills, start creating your products. Make sure they’re high-quality and visually appealing.
  5. Set up shop: You can sell your crafts online through platforms like Etsy or Amazon Handmade. You can also sell them in person at craft fairs or local markets.
  6. Promote your products: Use social media and word of mouth to promote your products. Share photos and information about your crafts and encourage people to buy them.

By following these steps, you can turn your love of crafting into a profitable side hustle. Remember to be patient and persistent in your efforts to sell your crafts.

8. Rent Out a Space

Right now, your space can be a profitable side hustle.

To make $5000 fast by renting out a space, start by identifying the type of space you can rent out, such as a parking room, garage, or storage space.

You can even get creative and rent out your pool.

Clean and organize the space, then list it on online platforms like Airbnb, Turo, or Neighbor. To ensure a smooth rental process, screen potential renters, set clear rules and expectations, and maintain regular communication.

With some effort and attention to detail, renting out a space can provide a lucrative source of extra income.

9. Sell Digital Goods

This is one of the most popular ways to make money.

Digital goods are products that can be downloaded, streamed, or accessed online, such as ebooks, printables, stock photos, and online courses.

They are a viable option for making money quickly because they require little to no overhead costs and can be sold to a global audience.

The most popular is creating and selling printables. Learn how to make printables.

With dedication and effort, selling digital goods can be a lucrative way to make up to $5000 fast.

10. Join the Gig Economy

Picture of someone driving for Uber.

The gig economy refers to a labor market characterized by short-term contracts or freelance work, as opposed to permanent jobs.

Popular platforms in the gig economy include:

Joining the gig economy can be an effective way to make $5,000 quickly. One of the main benefits of working in the gig economy is flexibility, as you can determine your own schedules.

To maximize earnings, it’s important to treat gig work like a business and stay organized, tracking expenses and income.

11. Work as a Shopper

As a shopper, your job is to pick up and deliver items to customers using your own vehicle.

Here’s a step-by-step guide on how to get started:

  1. Choose a platform: There are several platforms to choose from, such as Instacart, Shipt, and DoorDash. Research each platform and choose the one that best suits your needs.
  2. Sign up: Once you’ve chosen a platform, sign up and complete the application process. This typically involves providing personal information, a valid driver’s license, and passing a background check.
  3. Attend orientation: Some platforms require you to attend an orientation session before you can start working. This will provide you with important information on how to use the app, how to pick up and deliver items, and how to maximize your earnings.
  4. Start shopping: Once you’re approved, log into the app and start accepting orders. Be sure to read the instructions carefully and communicate with the customer if you have any questions.
  5. Maximize earnings: To maximize your earnings, consider working during peak hours when there are more orders available. You can also increase your tips by providing excellent customer service and communicating with customers throughout the shopping process. Additionally, some platforms offer bonuses for completing a certain number of orders within a specified time frame.
  6. Ensure success: To ensure success, it’s important to be organized and efficient. Plan your route ahead of time and try to group orders in the same area together. Keep track of your expenses, such as gas and vehicle maintenance, and make sure you’re earning enough to cover these costs.

With the convenience of on-demand shopping and delivery services, there’s never been a better time to get started.

12. Clean Houses

Picture of someone cleaning houses.

Cleaning houses can be a lucrative business, with the demand for house cleaning services always high.

To get started, you will need basic cleaning supplies such as cleaning products, mops, vacuums, and cleaning cloths. You can market your services by creating flyers, promoting on social media, and offering referral discounts.

Here are some tips to be successful:

  • Setting your rates depends on factors such as the size of the house and the frequency of cleaning.
  • Negotiating with clients can help you secure long-term contracts.
  • Providing excellent customer service is crucial for building a loyal client base.
  • As your business grows, consider expanding your services to include laundry and organizing, and hiring additional staff to take on more clients.

With dedication and hard work, you can make up to $5000 fast by cleaning houses.

13. Take Photos

If you’re looking for a side hustle that can earn you some extra cash, taking photos on your phone and selling them on stock photo sites is a great option. You don’t need to be a professional photographer, but having some experience can be helpful.

Some of the best apps to sell your photos on include Shutterstock, Deposit Photos, or iStock by Getty Images.

To get started, you’ll need to create a portfolio of your best work and start submitting them to stock photo sites. While you might need to purchase a camera and photo editing software, there’s not much else you need to get started.

It’s possible to make $1 or more per photo you sell.

14. Write Web Content for a Blog

Picture of someone writing content for a blog with a laptop.

Well-written web content is essential for making money online, as it can attract more visitors to your blog and keep them engaged.

To write effective web content, it’s important to understand your audience and their needs and to use clear and concise language.

Make sure to use headings, bullet points, and images to break up text and make it easier to read. Additionally, provide actionable advice that can help readers make money or solve a problem.

Sharing your personal experiences and stories can also help to connect with your audience and build trust. By following these tips, you can create high-quality web content that can help you make money and increase website traffic.

15. Engage in Affiliate Marketing

Affiliate marketing is promoting someone else’s product or service and receiving a commission for every sale you facilitate.

To be successful with affiliate marketing, start by finding products with high commissions and you will need a large number of followers.

Build an audience around the products you’re promoting and promote them through social media and email marketing. Focus on building a strong relationship with your audience and providing value through helpful content.

With the right strategy and persistence, you can earn your first $5000 through affiliate marketing in no time.

16. Provide Virtual Assistant Services

Virtual assistant jobs are becoming increasingly popular as a way to make money from the comfort of your own home.

As a virtual assistant, you can perform a variety of tasks such as scheduling appointments, managing social media accounts, answering emails, creating presentations, and more. The amount of money you can make will vary depending on your skills, but the average hourly rate for a virtual assistant is around $25 per hour.

Additionally, taking virtual assistant courses and learning new skills can help you specialize and earn more money.

How to use what you’ve learned to start making money quickly

Stack of hundred dollar bills

Believe me, I have gone down the road of making money with MLMs or (multi-level-marketing). However, I have found the above ways to be better options for me.

Once you find your groove, you will be able to scale up how much money you make.

Step 1: Research ways to make money fast

If you need to make money quickly, there are many legitimate opportunities available.

Try multiple gigs to find what pays the most in your area and what you enjoy doing.

When researching ways to make money fast, be cautious of scams and do your due diligence before committing to anything. With a bit of creativity and determination, you can find practical and actionable steps to achieve your financial goals.

Step 2: Choose a way to make money fast

When choosing the best way to make $5000 fast, there are a few criteria to consider.

  1. First, consider your skills and interests. If you enjoy driving, delivering for DoorDash or UberEats could be a good fit. If you’re tech-savvy, freelance work or online tutoring might be a good option.
  2. Second, consider the time commitment. Some methods, like selling items on eBay or Facebook Marketplace, can be done in your spare time, while others, like starting a side hustle or taking on freelance work, may require more time and effort.
  3. Finally, consider the potential earnings. Some methods, day trading stocks or selling printables, have the potential for higher earnings than others.

Step 3: Get started making money fast

Picture of someone making money fast.

If you’re looking to make money fast, it’s important to take action right away and not get bogged down by analysis paralysis.

Start with the methods that require the least amount of time and effort, such as selling items you no longer need or completing online surveys. These are easy-to-implement money-making strategies that can quickly generate extra cash.

If you need to save up for a course, then set aside your profits to make that happen.

Step 4: Sacrifice your time for money

Sacrificing your time can be a great way to make money quickly.

The best is when you start to build passive income, you are earning money without the need to work. That is when your hard work will pay off.

By dedicating your time to side hustles, you can earn a significant amount of money within a short period.

Step 5: Maximize your revenue with each step

To make $5000 fast, it’s essential to set realistic revenue goals and identify the most profitable revenue streams.

Prioritize the revenue streams that are most feasible and have the highest earning potential. Once you have identified your revenue streams, optimize your earnings by leveraging your skills and resources.

This could include networking, outsourcing, or investing in your own education to improve your earning potential.

FAQ

Flipping items on eBay is a great way to make money.

To start, you need to find items that you can buy for a low price and sell for a higher price. Look for items that are in demand, such as electronics, clothing, and collectibles. You can find these items at flea markets, garage sales, and online marketplaces like Craigslist and Facebook Marketplace.

Remember to reinvest your profits into buying more items to flip. With time and effort, flipping items on eBay can be a lucrative side hustle.

Becoming a content creator on YouTube might be an option for you.

You can make money from ads, affiliates, and sponsored content, as well as selling your own merch and products.

It is important to create consistent and top-quality videos to build up a following, but it can be a lucrative online side hustle.

freelance work, and more. Here are some of the most popular options:

  • Freelance work: Graphic design, web development, digital marketing, typing, and more.
  • Food delivery: DoorDash, Instacart, Uber Eats, Grubhub, and more.
  • Package delivery: Amazon Flex, Roadie, GoShare, Lugg, and more.
  • Rideshare driving: Lyft, Uber, and more.

While these jobs offer flexibility and quick payment, they may come with fees and additional costs. Nevertheless, they are great options for making extra income on the side.

There are plenty of job opportunities in the gig economy, ranging from food delivery to How to make $5,000 in a month?

There are several realistic and actionable ways to make $5,000 in a month.

Freelance jobs like virtual assistance, freelance writing, and web development are great options. If you have an established following, your YouTube channel could also make more than $5,000. Other methods to explore are selling on Amazon, affiliate marketing, and blogging.

While some methods may require more work than others, there’s no reason you can’t earn this money quickly.

Remember to think outside the box and explore all of your options.

How to Get 5000 Dollars Fast

Picture of a wad of cash.

Remember that making money fast requires dedication and persistence, but the rewards can be significant.

The potential earnings and time commitment for each option vary, but with effort and dedication, you can make $5000 within a couple of months.

Selling items can earn you a few hundred to a few thousand dollars, while freelance work and trading stocks can earn you thousands of dollars depending on the quality of your work.

Don’t be afraid to try new things and experiment with different methods until you find what works best for you.

Also, consider what works well for one person may not be the best idea for the next.

Maybe earning 5k is more than you need:

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org

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