If you’re looking for the best passive income ideas, then buying rental properties is one of the most lucrative options out there. It’s not the “set it and forget it” type of passive income, at least not in the beginning. Oftentimes, people focus so much on the potential for high returns on investment without considering the upfront work required to research different properties, evaluate the quality of the neighborhood and surrounding community, assess what the long-term gains might be, find and screen prospective tenants, maintain the … [Read more...] about RoofStock Review: A Marketplace for Single-Family Rental Homes
With the rise of the gig economy and the availability of independent contracting jobs outpacing the availability of employee jobs in some industries, many people are increasingly concerned about income stability. On one hand, flexible work arrangements are ideal for anyone who wants to decrease time spent commuting to and from work, start a family without losing an income stream, travel and work remotely, or simply work on a schedule more suitable for their lifestyles. On the other hand, contract jobs can lead to irregular income and … [Read more...] about 5 Ways to Stay Afloat When You’re Without a Paycheck
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?
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
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
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
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
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
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?
Are you getting close to retirement or still a decade or two away? Even if you plan on working for several more years, it’s extremely important to keep your retirement plans at the forefront of your mind. Ignore the excuse, “I still have plenty of time to start saving.” Don't make these retirement mistakes.
Unfortunately, this is the same logic that leaves many people with no savings upon reaching retirement age, so this long-term goal should be treated with equal or even greater importance than your short-term financial goals.
Planning and … [Read more...] about