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Smart Money: Use Your Values to Set Your Goals
Hosts Sean and Liz discuss how you can set goals youâll actually keep in 2023 â and what to do if you still need ideas for your money this year.
15 Money Moves for a Richer New Year
Start the year on the right foot and you’ll end it with more money in the bank.
25 Of The Best Gig Economy Jobs
The best gig economy jobs provide the potential to earn a full-time income, while being more flexible than a traditional job. Here are our favorites.
The post 25 Of The Best Gig Economy Jobs appeared first on Bible Money Matters and was written by Marc. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
7 Ways To Save Money While Traveling Abroad
When it comes to planning a trip or vacation, it can be exciting â yet sometimes it feels weirdly daunting and stressful. Travel is pricey, and the financial burden is often a big reason people forgo their PTO days or stick to local weekend adventures instead. But the world is big, full of life and
The post 7 Ways To Save Money While Traveling Abroad appeared first on MintLife Blog.
59 Ways to Make $100 Per Day (Super Fast)
Everyone could use a little extra cash every now and then. While your side hustle wonât make you rich, you can use the money to cover bills, pay for an upcoming expense, or even splurge on something you want. To help you get started, I’ve compiled an exhaustive yet actionable list of 59 ways to make $100 per day.
The post 59 Ways to Make $100 Per Day (Super Fast) appeared first on Good Financial Cents®.
What to Do When Work Dries Up
While COVID-19 has left many wondering where the next paycheck will come from, reassessing our financial plan has been an important step.
The post What to Do When Work Dries Up appeared first on MintLife Blog.
9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
You can be your own boss and achieve work-life balance even while playing video games or fixing cars.
How To Make Money Blogging: Turn A Blog Into A Business
Turning a blog into a legit online business is possible, but it requires the right business-minded approach. Here’s what you need to know.
The post How To Make Money Blogging: Turn A Blog Into A Business appeared first on Bible Money Matters and was written by Marc. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
Passive income ideas you can try today
Earlier this week, J.D. wrote about what he calls the biggest truth in personal finance: You can’t get rich through frugality alone. As Liz at Frugalwoods says, “You can’t frugalize income you don’t earn.” Income is one-half the fundamental personal-finance equation, and it’s probably the most important half.
J.D. advocates a three-pronged attack for boosting income: becoming better educated, becoming a more valuable worker, and learning to negotiate salary. But I think he’s missing a fourth important income source: the proverbial “passive income”.
I know, I know. Passive income has a bad reputation. Actually, passive income has a terrible reputation. And deservedly so. The Land of Passive Income is populated by scammers, hucksters, and charlatans. “Hey, little boy, wanna buy my course?” (Sorry, no links. They’re easy enough to find without us helping them.) That’s too bad because legit sources of passive income can be a great way to make more money.
What is Passive Income?
First up, let’s be clear: Actual passive “passive income” (as pitched by the scammers) is a lie. It doesn’t exist. When we talk about passive income, we’re talking about ways to make minimal money with minimal effort. Does that make sense? And it’s a supplement to your main income, not the primary source.
To me, passive income is money thatâs earned, usually on a recurring basis, without a significant time investment.
For example, if you own a rental property that brings in $1500 each month, but only requires two or three hours of time to manage, that’s (mostly) passive income. Most nine-to-five jobs are the opposite of this. The income you earn is tied closely to the amount of time you spend at the office.
Thatâs not to say that passive income doesnât require effort, though.
Often, thereâs a lot of upfront work required before income can become passive. Using the same rental property example, before you can make any money, you have to purchase and renovate the property, and spend time advertising and interviewing potential tenants. All of that takes time and money.
Or, take J.D.’s book as an example. When I asked, he told me that he spent four months working full-time in 2009 and 2010 to write Your Money: The Missing Manual. That’s not passive! But he hasn’t touched the thing since then, and he continues to receive $50 checks every month. That is passive.
Passive Income Ideas You Can Try Today
Some degree of passive income is possible — and without shyster shenanigans. In this article, Iâve compiled 40 passive income ideas for you to consider. Not all of these passive income ideas will be right for you. In fact, maybe none of them will fit you. That’s okay. But I’m willing to bet that many GRS readers will find at least one source of inspiration here that they can use to help increase their income…even if it’s only a few dollars per month.