How to Sink Your Teeth into Real Estate Without Buying Property

Right now is one of the best times to get into real estate investing. Price growth is slated to slow and then pick up speed again. And we’ve seen only a marginal bump in mortgage rates. All of this spurs confidence in the market even if inventory is down. And with confidence comes increase in prices and increase in value. You’ve got to get on the cart now before it climbs too high. But if you don’t necessarily want to bind yourself with a mortgage and a house you can’t sell for a while, there are other ways to invest in real estate. Here are a few methods investors use to increase their dividends. 1. Grab Those REITs While They’re Still Hot A real estate investment trust is a company that owns or finances real estate. Said real estate must produce income for it to be a real estate investment […]

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Five Myths About Passive Income You probably Still Believe

Time is the great equalizer. In the grand scheme of things, you don’t get much more of it than I do. On average, we only live 80 years. No wonder many of us are scrambling to free up more time. We realize that if we want to accomplish our life goals, we need to spend less time making a living. Passive income seems like a great solution. While passive income is achievable, it’s not as easy as other bloggers make it out to be. Myths perpetrate through lazy blogging. Some of us have swallowed these myths with gusto. Here are five you should probably quit believing. 1. You Need a Bunch of Money to Make Passive Income Brian Clark turned Coppyblogger into a $7 million company with a mere $1,000. Now that might seem like a decent sum to a few of you out there but think of the ROI on […]

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10 Entrepreneurs Behind Finance Companies Share What They Think About Money

Founders of Robinhood, Kabbage, Wealthfront and more share their wisdom on everything from saving to investing to the power of new technologies. July 12, 2018 6 min read Good sense about money is one of those things that most of us have to learn the hard way, and that’s also true of many of today’s top entrepreneurs in the money management and fintech space. They’ve had their share of bad investments (Enron, anyone?), waited too long to build credit and didn’t think long term about what it would take to reach their savings goals. The tools they and their teams build address many of these issues, some involving AI to help the average person balance their financial priorities and make personalized decisions. Others automate saving so you can “set it and forget it” and your hard-earned cash starts compounding well before your retirement years. Others help you budget, invest and […]

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12 Expenses Successful People Don’t Waste Time or Money On

Aside from the occasional indulgence, most financially successful people keep a close eye on their budgets and bank balances. July 3, 2018 11 min read This story originally appeared on GOBankingRates People have struck it rich by launching social media startups, inspiring wildly successful crowdfunding campaigns and writing wizard-themed best-selling books. But most successful people have far more boring backstories of accumulating wealth through savvy spending and smart saving strategies. Related: How Richard Branson Built His $5.1 Billion Fortune Aside from the occasional indulgence, most financially successful people keep a close eye on their budgets and bank balances. They rarely waste money on goods and services that don’t offer much in return. See below for which items to cut from your budget and get expert tips on how to manage your money better. (By Charlene Oldham) Lottery tickets Image credit: Icatnews / Shutterstock.com If you truly want to strike it rich, don’t play the lottery. This […]

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The 4 Investing Mistakes Women Often Make, According to a Financial Expert

Thinking about investing your money? Read this first. June 27, 2018 4 min read This story originally appeared on Career Contessa If the word “investing” makes you squirm, you’re not alone. It’s easy to get bogged down in confusion from Martha Stewart indictments to Spotify “going public” to NPR covering the morning stocks.  But it’s also essential for women to do a better job of thinking about long-term investments. Statistically, women live longer than men. Thanks to that pay gap we’ve been covering all month, we make less than men over time. And then, it turns out, we invest less of the money we do earn. So what does that mean? It means that we’ll live longer, on less with less saved than our male counterparts. Not exactly the retirement on a beach you were planning, right? Related: The Financial Vocabulary Every Money-Savvy Woman Needs That’s why we asked our favorite money coach, Ashley Feinstein […]

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Five Companies You Didn’t Know Started Small

Bet you didn’t know that 69% of entrepreneurs started their business out of their home. Most people, even entrepreneurs, don’t have the startup capital to build an empire overnight. If you’ve seen Shark Tank, you know that those who hold all the money aren’t going to give it up unless they know you’re a good investment. If you can’t prove it, and this doesn’t mean you’re not worth it, you’ve got to start small. And plenty of major corporations were once garage operations. Microsoft is one of the most well known of these operations. It’s so well known that it’s cliche to talk about tech companies that started in a garage. And yet the stories about other corporations remain untold. So, let’s get to it. Here are five stories about those who dared to dream big and actually achieved something. 1. Coors Brewing Company Adolph Coors himself was a poor […]

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How to Beat the Loneliness of Being a Freelancer

The top ten jobs in the United States are not lonely jobs. If you’re a retail salesperson, cashier, food prep staff, or even a general office clerk, you get to be around people all day long. Millions of people leave their house every day and meet people. Freelancers are generally not among them. Most freelancers work from home. And a lot of us are lonely. I realized this one day when the power went out at home. I had a stack of work to finish so I called the local cafe to see if they had power. They did. I packed up my laptop and left. When I arrived, I wasn’t the only freelancer who had the same idea. We made a line that stretched out the door. So many of us were in the same situation that I shared a table with an acquaintance. If I were single, this would […]

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How Many Eggs Are in Your Basket? 5 Investment Ideas that Require Few Dollars

Ever wonder why Martin Scorsese opened the film “The Wolf of Wall Street” with a coke addled investment banker hiring a green behind the ears wannabe? Because chasing high returns is addictive as cocaine. It’s an ironic foreshadow. And chasing high returns is about as unwise as getting addicted to cocaine. Which is why we’re here to talk about small investments that, over time, could actually make some good money. It’s the age old wisdom that says, “slow and steady wins the race.” With these investment ideas, you won’t be tempted to jump out of a building if the stock market crashes. Yes, you’ll need some resources. It wouldn’t be called investment if you didn’t have to invest.  But you won’t need much to get started. 1. Invest in Your Peers Without the smartphone app economy, peer-to-peer lending would not be possible. Sure, we could say that it all began […]

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Five Signs You Should Quit Your Job and Live Your Dreams

“Just do it. Don’t let your dreams be dreams.” Whatever Shia Labeouf intended by his 30-minute performance art, these two phrases are the most oft memed and gifed. He screams “JUST DO IT!” and softly speaks the next phrase. It’s jarring and at the same time uplifting. Dreamers get a pedestal in our society only if they don’t keep their dreams to themselves. A dream ceases to be a dream once it becomes reality. Are you converting your dreams to reality or are you biding your time? Would you rather be Mr. Anderson in a cubicle or Neo following the white rabbit? And how do you know the difference between the two? Today I’m going to free your mind. By the time you finish this article, you will know whether you should continue in your current job or quit and make the dream a reality. 1. You’re Bored to Death […]

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Prepare Now or Perish: 5 Fascinating Jobs of the Future

During the late 19th and early 20th centuries, the buggy industry went through a crisis. A new invention was about to take the jobs of hundreds of thousands of craftsmen and parts manufacturers. And the horse breeding industry was about to take a hit as well. It was the end of the Industrial Revolution. Machines continually replaced both skilled and unskilled laborers. The car was about to do it again. Protests happened, but the juggernaut could not be stopped. While it took 50 years to completely displace the horse and buggy, it happened. But the advent of the car created a whole slew of new jobs from mechanics to body repairmen to car electricians. We’re in the midst of a similar revolution. Automation is disassembling jobs. Even writers could find themselves out of a job someday because of AI and machine learning. But with such change comes new things. New […]

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4 Practical Tips for Building Up Your Savings to Launch Your Small Business

These everyday fixes can supercharge your stash and help you reach your goal. May 1, 2018 6 min read Since 1980, we’ve traded the Walkman for streaming apps, the floppy disk for cloud storage, and M*A*S*H for NCIS. Another key shift? Between 1980 and 2017, the U.S. personal saving rate dropped from 12.9 percent to just 2.4 percent. If you’ve seen a steep decline in your own savings, you’re not alone. Almost half of small-business owners say cash flow concerns keep them up at night, according to a recent Square report. But if you’re looking to launch your own business — or build up funds for another significant goal — here are four actionable tips for amping up savings. 1. Figure out where your money is going — and where you can cut back. The first step to shoring up more money for your goal: figuring out exactly where your […]

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How to Make Money on YouTube in 5 Easy Steps

YouTube is a completely different place than it was only a few years ago. Back in the heyday of YouTube, even the smallest YouTuber could make a little bit of side cash. Now, it’s harder than ever to make money directly from YouTube. Why? Because YouTube decided to fight for justice. Well…sorta. For a while, YouTube has struggled with fake accounts, troll accounts, and upset advertisers. The only way to clean up the riff-raff was to raise the bar for entry. Previously, the only requirement for a channel to remain an active partner was 10k lifetime views. That’s it. Now, you must have a total watch time of 4k hours in 12 months and a minimum of 1k subscribers. In essence, to make money directly from YouTube ads, you have to work a little longer and gain a decent audience. But in the interim, there are a few things you can […]

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5 Great Ideas for Making Money with Bitcoin

Unless you’ve been living under a rock lately, then you have likely heard about Bitcoin and how a lot of people have made big bucks off it. And I mean big, with some people turning a couple hundred dollars invested a few years ago into hundreds of thousands recently. Not a bad return, right? So, you are probably wondering how you can do the same thing? Well, you might have heard people saying that the only way to make money with bitcoin is to get in early. As it happens, those people are both right and wrong – but luckily, they are mostly wrong. What people mean when they say this is that it’s too late now to invest in bitcoin at a shockingly low sum – say, like, just pennies or a few dollars. However, that doesn’t mean you’re out of options for earning money with bitcoin, even if […]

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What ‘The Big Short’ Can Teach You About Money

Ten years after the 2008 financial crisis, we’re still picking up the pieces. Historians will continue to pick apart the 2008 financial crisis for many years to come and new facts will come to light. But for the most part, we already know the basics of what happened. It’s just that most of us don’t have a doctorate in Economics. Understanding what happened outside of “people lost their homes and everything generally sucked for a while” is difficult for laymen. One recent film tried to help normal folks like me understand what went down behind the big bank curtain on Wall Street. The Big Short (2015) is a film based on a book of the same name by Micheal Lewis. The film takes the concepts laid out in the non-fiction title and tries to make them palatable and easily understood. While the film writers do generalize and skew a few […]

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How Will You Know When You’ve Reached Financial Success?

This was a post I wrote over two years ago, but I think it’s important to highlight again because it asks a question all of us entrepreneurs should be asking often: “How will you know when you’ve reached financial success?” My answer two years ago was different than my answer today, as it should be. My goals have changed over time. As we grow in our business and level up in our financial life, this change is inevitable—and should be welcomed with open arms! For me, many of goals from two years ago have been met already. So, I created a new definition for financial success: Now that I’ve achieved much of the financial success that I had hoped for and more, such as being able to happily say that I’ve donated more than six figures to charities and organizations that I love and believe in, my new definition of […]

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How Millennials Manage Their Money

Millennials are better with money than their reputation might lead you to believe. March 2, 2018 4 min read This story originally appeared on Due It seems you can’t go a week without finding a new article about a new industry millennials are killing. But while they may not be fans of paper napkins or bar soap, they are actually better with their money than their reputation might lead you to believe. It turns out that millennials are not ignoring their money, their retirement or their financial future. Instead, they are very focused on money, but also cautious and conservative with their hard earned dollars. Read on to learn how millennials are a generation of financial rock stars, and what they are doing right when it comes to their personal finances. They are getting ready for retirement As millennials’ baby boomer parents approach retirement, America is up for a big wake up call on […]

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Here’s How Much Money You Have to Make to Be Satisfied and Happy

It’s only a fraction of the millions you dream about. February 22, 2018 2 min read How many times have you thought, If I just made $5,000 or $10,000 more per year, then I’d be happy? Turns out, a marginal raise like this might be the key to feeling satisfied and happy for some. Psychology researchers from Purdue University and the University of Virginia crunched Gallup World Poll data and found that people reach peak life satisfaction when they earn $95,000 a year. The researchers determined this by examining self-reported income and life satisfaction data from 1.7 million people across 164 countries. However, satisfaction is different from emotional well-being. If you’re satisfied, all of your needs have been met, but more money might bring more problems. Individual earnings of more than $95,000 a year are correlated with lower life satisfaction. Once people pass that income threshold, most are able to […]

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How to Protect Your Money from Getting Eaten by Health-Care Costs #FinancialFreedom

Here’s a nuts-and-bolts plan for protecting your savings from high health-care costs. February 21, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Mark J. Kohler and Randall A. Luebke’s book The Business Owner’s Guide to Financial Freedom. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound The cost of health-care related expenses, from insurance to prescription drugs to out-of-pocket copays, is out of control and can eat up our wealth as fast as we make it. Fortunately, there are some things we can do to prepare and insure ourselves against catastrophic health-care costs during our lives. Following are three bedrock strategies to writing off all your health care. Health Savings Account (HSA) The Health Savings Account is one of the most powerful pieces of a well-designed health-care strategy. It includes saving money, saving taxes, building a tax-free […]

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Here's What You Should Be Paying Your Team, Based on Where You Are

Recent data looks at the salaries of different roles across the country. source_link Related posts: The Future of Work Relies on Your Developing These 5 Team Skills Here’s How to Level up Your Marketing Team (Without Blowing Your Budget) 4 Ways to Automate Your Sales Team’s Pipeline Life in the Cloud: Resources for a Remote Based Workflow Flipping a WordPress Based Site from http to https 3 Content Marketing Myths and Their Reality-Based Solutions SPI 238: How Marco Schwartz Built a Business Based on the Internet of Things Blockchain Based Social Networking Can Learn From Estonian Healthcare

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Can You Really Start Your Own Bank or Credit Union?

I don’t ever go to my bank’s actual location unless something drastic happens. I suspect this is true for many people today. With the advent of online banking systems, we do almost every financial thing with our mobile banking apps. Which begs the question. Why have physical locations at all? Of course, a bank is more than a money depository. You have to consider mortgages and other forms of banking. But for most transactions, a physical location is not necessary. Enter the virtual bank. The first virtual bank came into existence in 1995. It wasn’t very successful during its three years, but it proved that a virtual bank was possible. Today, virtual banks abound. And it’s entirely possible to create your own. Let’s look at how that’s possible as an entrepreneur. 1. Why Are Virtual Banks So Great? The best part of virtual banks is convenience. You don’t have to […]

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