With some big name companies trading at over $1,000 per share nowadays, investors with less cash to pour into their portfolios are often intrigued by the potential of penny stocks, which are also referred to as over-the-counter or OTC stocks. As the name implies, these stocks are super cheap, typically trading at less than $1.00 per share (though the SEC defines penny stocks as those trading below $5.00 per share). Since they’re not traded on major stock exchanges, investors can find more information about penny stocks through the OTC … [Read more...] about Top 4 Reasons Penny Stocks Aren’t Worth the Money
Current Prepaid Debit Card Review – How to Manage Your Teens Allowance
There are plenty of reasons why debit cards are not only still relevant, but also incredibly useful for consumers – even in an era of competitive credit card rewards offers and our seemingly insatiable appetite for buying things now and paying off these purchases later. If you’re a parent who’s trying to teach your kids about personal finance, then prepaid debit cards are an excellent option for developing good spending and saving habits from an early age. Alternatively, perhaps you’ve struggled with racking up credit card debt and need … [Read more...] about Current Prepaid Debit Card Review – How to Manage Your Teens Allowance
The 3 Best Passive Income Ideas for Retirees
Whether you’re 10 years away from retirement or retiring this year, money management and saving doesn’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. Mistakes such as increasing your spending, ignoring potential income … [Read more...] about The 3 Best Passive Income Ideas for Retirees
How to Prepare Your Finances and Home for Hurricane Season
The Atlantic hurricane season runs from June through November. August and September see the worst of hurricane season. According to the Weather Channel, August sees more than three times the number of storms as July, and it keeps building in September. September is the peak time of the year for hurricane season in the United States. And, most insurance companies require you to have homeowner’s, renter’s, or flood insurance for at least 30 days before your coverage kicks in and you can make a claim. So, now is the time to look at your … [Read more...] about
5 Problems with Quitting Your Job to Travel the World
There are countless stories circulating online about people who felt burned out from work so they saved up thousands of dollars, quit their jobs, and put their most treasured possessions in storage and began traveling the world with little more than a suitcase and laptop. In many cases, these people became travel bloggers, social media influencers, freelancers or English teachers to supplement their income while traveling – but how realistic is this major lifestyle decision? Even if you’re able to make money while jet-setting to different … [Read more...] about 5 Problems with Quitting Your Job to Travel the World
Stessa Review – Smart Income and Expense Tracking for Property Owners
The decision to invest in rental properties has the potential to be enormously lucrative for your portfolio, but it can also be a great challenge if you’re unprepared for the obstacles involved in property investments and upkeep. Not only do you have to scout out qualified tenants and fulfill any requests they have during their lease, but you also have to maintain the property, repair any issues, stay up-to-date on property taxes, and restore it to pristine condition whenever tenants move out. Rental property ownership is further … [Read more...] about Stessa Review – Smart Income and Expense Tracking for Property Owners