Top 3 Simple and Best Passive Income Ideas for Retirees

by

Whether you’re 10 years away from retirement or retiring this year, money management and saving don’t stop when your regular job income does. In fact, financial management in retirement can be a stressful experience if you don’t plan carefully beforehand and continue your saving habits during your golden years. To avoid the panic-inducing question of whether your current nest egg will last as long as you do, there are several retirement mistakes to avoid. Don’t increase your spending, pay attention to potential income opportunities, and never borrow money from your retirement account for nonessential purposes. Luckily, there are many ways to financially secure yourself and your spouse during your retirement years. Thankfully, these strategies don’t necessarily involve taking on a part-time job to … Read more

Is Your Side Hustle Actually Costing You Money?

by
How To Find The Perfect Work Life Balance At Your Job

Nobody knows how many Americans are actually participating in the gig economy; estimates range widely from 4% to 40% of the workforce. What we do know is that some people have managed to successfully transform their former side gigs into full-time work, while others continue working full-time jobs to support themselves and use side hustles as extra income streams to pay the bills and grow their savings. But, is your side hustle costing you money? The problem with side hustles is that they can complicate your income and tax situation much more than simply being a full-time regular employee elsewhere could. There’s nothing wrong with wanting an extra income stream besides your job, but it’s important to accurately assess whether … Read more

Smartest Ways You Can Spend Your 300 Dollars On

by
save money

If you have the impression that to invest money, you first need to have a lot of it. If you spend $300 smartly, even a small amount of money can grow to large, and sometimes much faster than you think. Don’t let limited funds stop you from investing what you have. Get out of debt first, create an emergency fund, and then consider smart ways to spend $300 and increase it to $1000. In case you do not have 300 dollars you can be sure that 300 dollar loan available at dlt right now. Investing $300 can be a good start toward growing your wealth, but it’s important to understand that there is no one-size-fits-all answer to this question. The … Read more

How Crypto Scams Are Conning Millions of People Out of Life Savings Every Year

by

The following is a guest post by Erica Stanford, author of Crypto Wars: Faked Deaths, Missing Billions and Industry Disruption. If you’d like to submit a guest post like this one about crypto scams or any other topic, please check out the Money Q&A guest posting guidelines. Crypto hacks and scams are big news and are getting more sophisticated by the day. Where a few years ago, one could look at the larger scams, and in the vast majority of cases, see signs of a Ponzi scheme or at least see an indication that all was not well, today, scams are almost indistinguishable, in some cases, from what they are intending to replicate. It can now be very hard to … Read more

6 Financial Considerations to Make Right After Getting Married

by
Just Married? You Need to Have a Budget!

In an ideal world, we would all be on the same page as our life partner when it comes to money management practices and even just basic openness and honesty about finances. However, the reality is that people rarely dedicate enough time to discussing the financial side of being in a committed relationship until after they get married. Whether you know very little about your fiancé’s finances or you’re both completely open with each other about your individual and shared financial situations, here are 6 considerations to your married finances that you should make while engaged or immediately after you get married. Who’s the Money Manager? How will you manage money when you begin your new life together? If you’ve … Read more

The Pros and Cons of Alternative Financial Services

by
How Long To Keep Financial Records

A recent study found that 42% of Millennials have used alternative financial services and 39% of the general population has used these services, which include payday loans, pawnshops, rent-to-own programs, and car title loans. Short-term loans are often risky for borrowers, but there could be some advantages to taking out this type of loan if you’re in a pinch. Pros and Cons of Alternative Financial Services To help you decide whether alternative financial services might suit your financial situation, here are some considerations to make beforehand. Pro: More Accessible If you have a bad credit score, then securing loans or credit cards without a co-signer might be difficult or even impossible. Alternative financial services may be your only option if you’re struggling … Read more