How to Make Money with Passive Income Ideas with the Things You Love

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If you’re looking for ways to generate extra income, which can keep making money while you spend your time doing the things you love, here are five easy-to-start passive income ideas to get you thinking. How to Make Money with Passive Income Ideas 1. Rent some space While you’re probably thinking that here we mean hosting people on sites like Airbnb, this doesn’t have to mean that you’ll constantly be looking after guests. Why not rent out your home while you’re travelling, and leave the logistics to a property management company. They’ll organize cleaning, before and after a rental, key handover, and provide a point of contact for your guests. Of course, that will eat into your income a little, but … Read more

Different Ways to Invest Outside of the Stock Market

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When it comes to investing, stocks are certainly one of the most popular types. However, with high-risk and complicated procedures, it’s understandably not for everyone. If you’re looking for another way to grow your finances, then keep on reading! In this article, we are going to take a look at different ways to invest outside of the stock market. Real estate While real estate might require a higher amount of savings for start-up, it’s one investment type that can certainly generate a high yield of profit. Most investors start with a rental property, but you can also consider renovating and reselling a property for a higher value. Compared to other types, it’s a great long-term solution and isn’t as risky … Read more

What to Look for Next Week in the Markets

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stock market

Disclaimer – You should not consider this as professional stock market and stock picking advice. Every investor should do their own research before investing. If you don’t feel comfortable investing in the stock market, you should seek out the help and advice of a certified professional. The following is a guest post by Dan Charles is a professional trader/investor, Portfolio manager, and trading software developer. To learn more about him check out https://www.simpletrades.net/. If you’d like to guest post on Money Q&A, check out our guest posting guidelines. As a professional stock trader, it is important to be able to recognize the various trends on a daily basis and then formulate a plan to benefit. In this article, I will … Read more

Why You Can’t Rely on Social Security for Retirement

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Sooner than you think, there will come a time when you can no longer work. Perhaps you have grown too tired of the daily grind, or perhaps your fading health will prevent you from maintaining lasting employment. Regardless of the reason, you will need to retire. Unfortunately, most Americans aren’t adequately prepared for retirement. A 2019 study found that 64 percent of Americans lack sufficient retirement savings, and an astonishing 48 percent of them are apathetic about their lack of retirement plans. Many of these Americans believe that they will be able to survive their retirement on Social Security benefits alone. Indeed, the Social Security Act of 1935 designed the program to provide for the nation’s seniors and ensure sufficient … Read more

Guide to Investing in Your 30s – What You Need to Know

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family

Everyone matures at their own pace, but generally speaking, your 30s are a time when you’re no longer spending money as frivolously as you did when you were younger and you’re starting to get really serious about how you want to map out and pursue your financial goals for the rest of your life. You need to learn about investing in your 30s. Whereas 20-somethings are still figuring out who they are and what they want to do in the future, a 30-something is likely established in their career, ready to start (or already started) a family, considering the possibility of buying a home (primary residence or rental property, if you already have the first one), and is getting serious … Read more

How Rising Healthcare Costs Can Frustrate Your Retirement Dreams

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Benefits of a health savings account

Although elderly people (ages 65 and older) only account for 16% of the current U.S. population, data from the Kaiser Family Foundation found this age group accounts for 36% of all healthcare spending in the U.S. each year. When you factor in people 55+ years old, this demographic comprises just 29% of the U.S. population but accounts for 56% of all healthcare spending. The fact that older people have more expensive, more frequent healthcare needs than younger people is no surprise, but it’s alarming to see just how much money quality geriatric care requires, especially in a time when healthcare costs are rising much more quickly than wage growth and cost-of-living adjustments (COLA) for social programs like Social Security. The … Read more