Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in their latest issue. I have to say that I am always pretty disappointed in their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much better. … [Read more...] about Ten Ways to Earn a 10% Rate of Return on Your Investments
How to Get Cash Back On Credit Card
Imagination is more important than knowledge but, if you give your credit card to a man in the early 19’s, he would just laugh in your face and walk off. Fast forward it to 1950 and Boom! America got its first credit card. Take a leap of 30 years, and you land up with the first reward program by American airlines. The point is, credit card has been with us for almost 70 years and yet we are not fully aware of its functionality. In our age where being frugal has become a necessity, the credit card should be the first to consider. Why? Coz, … [Read more...] about How to Get Cash Back On Credit Card
Should Property Investors be Concerned About Anti-Airbnb Laws and Regulations?
Housing costs are astronomical these days, especially for renters who aren’t able to save up for a down payment on a home, or people who relocate too frequently for work to justify buying a home. In order to keep housing costs under control and mitigate homelessness issues, many public policy officials have started implementing stricter regulations on short-term rentals through Airbnb. There have been claims that landlords have evicted long-term tenants in order to cash in on the short-term rental market, which has caused greater … [Read more...] about Should Property Investors be Concerned About Anti-Airbnb Laws and Regulations?
6 Excellent Alternatives to Low-Interest Savings Accounts
Can you believe the national average interest rate for savings accounts is just 0.09%? Yes, you read that right, 0.09%, not 0.9%. Leaving your money in a savings account is a terrible way to get decent returns on your investments when there are so many better options available. Many of these alternatives also won’t charge you a dime to manage your savings account, something traditional banks still inexplicably do. If you’d like to start reaping the rewards of saving, then here are some alternatives you should ditch your current savings … [Read more...] about 6 Excellent Alternatives to Low-Interest Savings Accounts
How to Make Money Recharging Lime and Bird Scooters
First, there was Uber and Lyft, now there’s another innovative ride-sharing service on the scene called e-scooters. You may have seen people riding them around your neighborhood already. Or perhaps you came across a scooter lying on the sidewalk with no rider in sight. These e-scooters have become fairly contentious issue lately. Some cities have enacted e-scooter bans in the name of public safety. On the other hand, scooter riders and companies argue that e-scooters are an eco-friendly, fun, and efficient ways to reduce traffic … [Read more...] about How to Make Money Recharging Lime and Bird Scooters
Are You Aware of These Common Types of Credit Card Fraud?
Rather than wait until you’ve become a victim before you brush up on credit card frauds, it’s best that you keep yourself aware of the most recent and prevalent threats. That way, you can save yourself a lot of frustration, time, and money. An ounce of prevention is most certainly worth a pound of cure whenever there’s money (especially yours) involved. EMV Credit Card You’ve likely noticed that credit cards now come with chips to prevent the very type of fraud some fall prey to when getting a new chip card. What happens is scammers pretend … [Read more...] about Are You Aware of These Common Types of Credit Card Fraud?
How to Decide Whether or Not to File an Auto Collision Claim
Auto insurance may seem like a simple, routine part of life. That is until your car gets damaged. When you’re involved in an auto accident, or your car gets dinged up for any other reason, collision coverage can save you the headache and expense of repairing your car on your own dime. But if you have collision car insurance coverage, should you file a claim whenever your car is experiencing functionality issues or cosmetically damaged beyond what you’re capable of fixing yourself? Depending on a few important factors including your … [Read more...] about How to Decide Whether or Not to File an Auto Collision Claim
6 Tips for Beginning Investors
What's the most important thing to know about investing, according to Warren Buffett? Experience is the key to success for beginning investors. This doesn't really help those who are new to the world of investing. However, you can reach out to and study advice from experienced investors. Here are some tips selected from experts in the field: One: Invest in Your Abilities It's extremely difficult to make money from the stock market. Don't take risks with your financial future. Instead, invest in yourself by improving your own … [Read more...] about 6 Tips for Beginning Investors
4 Strategies for Overcoming Lifestyle Creep
When you start making more money through your business, job, or investments, the next thing that typically happens is you start spending money more freely because you can finally afford to do so. Unfortunately, our desire to disregard our budgetary restrictions comes a serious downside. We won’t make much progress in our financial goals if we’re too busy spending money and living at our means. If you suspect you’re experiencing “lifestyle creep”, which is when you start earning more money and your expenses seem to grow alongside your income, … [Read more...] about 4 Strategies for Overcoming Lifestyle Creep
The Pros and Cons of Using Robo Advisors to Invest
Have you been waiting to get started in investing because you think it’s confusing? Do you think that too much money is required to start, or financial advisors are too expensive? It doesn’t have to be that way. A new investment method called robo advisors has been changing the financial landscape recently. And, it’s something that you may want to consider. What Is A Robo Advisor? A robo advisor is an online wealth management service that provides automated, algorithm-based investment portfolio management advice without the use of … [Read more...] about The Pros and Cons of Using Robo Advisors to Invest
Should You Have a Backup Plan Before Retiring Early?
When it comes to planning for the future, one of the biggest concerns people face is the possibility of running out of money during retirement. Since you may have access to monthly Social Security or pension checks, this doesn’t mean literally running out of money altogether, but rather losing the ability to cover your expenses without taking on a part time or full time job to make ends meet. If you plan to retire in your 50s but you’re concerned about the long-term sustainability of your retirement strategy, it’s important to develop back-up … [Read more...] about Should You Have a Backup Plan Before Retiring Early?