Achieving financial independence has become a goal for many individuals. As such, the idea of passive income has become increasingly more attractive. Passive income is defined as income that is generated without having to do any active work. This could mean earning money from rental properties, investing in stocks and mutual funds, or even starting a blog. Regardless of the source, it … [Read more...]
How to Earn Dividend Income
Investing is an excellent way to secure your financial future. Earning dividends can be an additional source of income and an invaluable part of any long-term portfolio. Dividend income is a regular payment made to shareholders of stocks, funds, or other investments that have steady cash flows. It is a share of the company's profits allocated to investors to reward them for holding their … [Read more...]
Tips for Making Your Retirement Savings Last
Though retirement might seem far off, it’s never too early to start saving for it. With all the uncertainty in the world, now is as good a time as any to start thinking about your future and how you'll support yourself and your family during your golden years. Save regularly: Begin setting money aside as early as possible. The sooner you start saving, the more time your money has to … [Read more...]
20 Money Management Tips
How to Plan for Your Financial Future
When your finances are in good shape, you feel better. When you're older, you have a greater understanding of how to manage your money and save for your future. You can sleep soundly at night, knowing that your wealth is in good hands. Sounds good? A vast majority of Americans lack personal financial planning skills. How bad is this problem? According to CNBC, most adults are not good at … [Read more...]
You Owe It to Yourself to Always Pay Yourself First
Do you pay yourself first? Why do you work so hard for your money? And what are you doing today to make sure that your money will work as hard for you in the future? Will there be any money left from each paycheck to put to work? Or are we just paying bills to maintain the status quo? Surely, there’s more to it than that! I’m sure that you’ve heard Einstein’s definition of insanity… … [Read more...]
How to Build Your Emergency Fund Once and For All
Why is it important to build your emergency fund? According to Investopedia, an emergency fund is a financial safety net for future mishaps and / or unexpected expenses. It’s definitely a good idea to have money set aside for tough times in a place where you’re able to get to it if you need it. An emergency fund can be set aside to cover large, unexpected expenses, such as: major health … [Read more...]
7 Principles of Financial Success
If you think that there are secrets about money that others know and you don’t, you’re right! Want to know what they are? The 7 principles of financial success contain the secrets that will help you gain financial freedom and give you a firm foundation for your financial success. These time honored principles have helped many just like you. Isn’t it about time you had the inside information, … [Read more...]
Steady Income Streams You Can Create While in Retirement
Retirees have the perfect set of skills to start a successful side hustle. It has never been easier to get a second job that you can do from home, thanks to technology. You can use the skills you have learned from your job to make some extra money, or use this as a chance to do something that you have always wanted to try. Potential Benefits of Earning Passive Income There are only 24 … [Read more...]
Retirement and Tips to Help You Prepare
Making the transition from working life to retirement can be difficult. Many retirees say it’s more complicated than they expected. Some things will make transitioning smoother and easier to adjust to. Some things can be more difficult than expected. The key is to know what potential problems could arise so that you can be prepared for them and even avoid them if possible. Why is … [Read more...]