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What Percent of My Income Should I Save?

Posted by on 4:00 pm in Automatic Saving, Guest Post, Saving | 1 comment

What Percent of My Income Should I Save?

Get a Clear Answer to the Question: What Percent of My Income Should I Save? Are you tired of living paycheck to paycheck? Are you constantly stressed over your finances? If so, you are not alone. Millions of people struggle with financial issues throughout the year. Even more alarming is the fact that many folks lack any or enough savings to handle even a basic financial emergency. If this sound familiar – don’t panic. It is never too late to start saving for you and your family’s future. Understand that saving is a fundamental step in the wealth building process. Simply put, no saving, no financial security. So make the commitment today and learn how to turn your financial wishes and dreams into a reality. Once you’ve decided to start saving money, the next question is what percent of your income should you save? This is one of the...

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How to Earn Money Online – 5 Jobs For Seniors and Retirees

Posted by on 12:05 pm in Make Money, Retirement, Sponsored | 0 comments

How to Earn Money Online – 5 Jobs For Seniors and Retirees

*Please read affiliate disclosure below. More and more seniors are working in retirement. Either by choice or necessity, the idea of retiring to a life of complete leisure is becoming a distant memory. As a solopreneur, working with my laptop – wherever – I appreciate the desire to learn how to make money online. With basic computer skills, the opportunity to earn from home is easier than you might think. Even if you must work in retirement, to pay the bills, there’s a silver lining for seniors and retirees building their online businesses. The National Insitute of Health claims that you’ll benefit both physically and mentally from keeping mentally and physically active in your later years. Anyone can earn a few bucks surfing the net filling out surveys and watching videos with Swagbucks. You earn SB dollars that can be redeemed for cash or gift cards. (There’s even a sign-up bonus.)...

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Why is Asset Allocation Important? The Most Crucial Investment Concept

Posted by on 12:35 pm in Asset Allocation, Bond, Investing, Mutual Funds, Stocks | 15 comments

Why is Asset Allocation Important? The Most Crucial Investment Concept

MBA Series – What Makes Asset Allocation So Important? “Don’t put all of your eggs in one basket.” The beginning of the year is portfolio rebalancing time for investors. I write a lot about investing as it is an achievable path to long-term wealth. If you don’t know what asset allocation is or much about investing at all, then this article is for you. Modern Portfolio Theory is the science that drives most of the writing about investing today. As I put the finishing touches on the university Investments class I’m teaching, I’m going to share some of the basics with you. Asset Allocation means selecting specific asset classes and choosing the percentage amount invested in each asset class.  Sample asset classes are: U.S. Stocks U.S. Bonds International Stocks International Bonds Real Estate or REITs Government Bonds Small Cap Stocks Large Cap Stocks Government Bonds and more Diversification – Tried...

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The Pros of Being a Landlord – It’s Awesome – Why You Should Invest in Real Estate

Posted by on 12:03 pm in Guest Post, Real Estate, Retirement | 0 comments

The Pros of Being a Landlord – It’s Awesome – Why You Should Invest in Real Estate

This post is written by John from ESI Money. The Pros of Being a Landlord A while ago Barbara wrote a post titled Being a Landlord Sucks — Why You Shouldn’t Invest in Real Estate. It was an interesting title that showed up in my feed reader. Since I’m a big fan of real estate investing, I clicked through, read the piece, and left this comment: Hahahahaha! I hear you, real estate is not for everyone. On the plus side, RE was the main reason I retired at 52. It’s managed by a company for me, so I have very few hassles with it (I actually live over 1,000 miles away from my properties.) Barbara saw the comment and sent me a note asking if I’d expand on my thoughts and write about the pros of being a landlord. I said I’d love to and will tell you why...

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Short and Easy Small Business Tax Preparation Checklist

Posted by on 8:50 am in Personal Finance, Taxes, Tips | 0 comments

Short and Easy Small Business Tax Preparation Checklist

At age 16, I started my own business. I went door-to-door selling Avon products. I loved those little samples the company provided to me to give out to potential customers. Over the years, I’ve sold handmade hippie shirts, worked as a Career Counselor, sold real estate and now run my own financial media company. Aside from the financial rewards, the tax benefits are fantastic. If you have a side hustle, you need this small business tax preparation checklist.  I came from a family of entrepreneurs, my Mom, Dad, Grandmother, Aunts and Uncles on both sides were all entrepreneurs. A pillar lesson from my Dad was to be mindful of the tax law and to maximize legal tax deductions.  Read my personal story >>>> Early on, I learned the benefits of Schedule C and legal small business tax-write offs. Simply, if you have a business-related expense, you can subtract that...

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How to Make Money with Upwork, Uship and More – From Zero to £45,000

Posted by on 6:31 pm in Make Money, Tips, Wealth | 1 comment

How to Make Money with Upwork, Uship and More – From Zero to £45,000

By guest contributor, Jamie Hill Zero to £45,000 –  How to Make Money with Upwork, Uship, Fiverr, Freelancer, 99 Designs and More I have been working in the freight industry as part of the family business for 21 years, that is a long time in one particular industry and as the saying goes you can do less time for murder. Within a year and a half, I managed to earn £45,000 (that’s equivalent to $55,000) through the online marketplace Uship. This is my story and inspiration for how to make money with Upwork, Fiverr, Uship, Freelancer, 99 Designs and other online marketplaces. In my 21 years in the freight industry, I have tried to find new ways to make money for the family business. It’s a thrill to attempt a new money making idea and I love seeing it come off, even more so when there is a great financial reward...

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Secrets to Make Money From Home With a Store

Posted by on 4:46 pm in Make Money, Tips | 12 comments

Secrets to Make Money From Home With a Store

Alternative Ways to Make Money At Night & On Week-Ends Disclosure: Please note that this article may contain affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link. That said, I never recommend anything I don’t believe is valuable. With Amazon, eBay, OfferUp, Craigslist and other resources, it’s easier than ever to make money at home with a store. It’s rare to learn not only the mechanics of the at-home business, but also the secrets to drive traffic to your new business.  Many of us have full-time jobs, which is great, but there are some potential problems with that. Perhaps your full-time job doesn’t quite pay all the bills each month. Or, have you ever considered what might happen if you got laid off? I know it’s terrible to think about, but it happens...

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Being a Landlord Sucks-Why You Shouldn’t Invest in Real Estate

Posted by on 6:20 pm in Debt, Make Money, Real Estate | 29 comments

Should I Invest in Rental Real Estate? With interest rates still very low, you may be considering investing in real estate. It’s all quite glamorous when you read the “no money down” success stories. There are more than enough real estate gurus out there to show you the way. But before you buy, I’m going to share with you reasons why you might not want to invest in real estate, now, or ever. In fact, I gave up owning rental property decades ago because being a landlord sucks. So, let’s imagine that you’re seeking that glamorous lifestyle of the rental real estate owner. You think you’ll have a host of properties and the rent checks will simply roll in. Bonus; Are You Cut Out to Buy a Fixer-Upper?>>> My Real Estate Back Story I was raised in the real estate world. My dad started a company the year I...

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Should You Invest in a Robo-Advisor with the Best Performance?

Posted by on 6:10 pm in Investing, Mutual Funds, Stocks | 0 comments

Finally, there’s unbiased data regarding the top performing robo-advisors.  At the beginning of 2016, Condor Capital, a Registered Investment Advisor (RIA) in Martinsville, NJ, took on the challenge of funding 12 robo-advisors and investing in a conservative 60% stock v. 40% bond portfolio. Using results from December 31, 2015 through September 30, 2016, they calculated the best returns overall and by category: fixed and equities.  2016 Best Robo-Advisor Winners Overall Winner: Schwab Intelligent Portfolios 2nd Place: SigFig 3rd Place: Personal Capital 2016 Best Robo-Advisor Stock Performers Winner: Schwab Intelligent Portfolios 2nd Place: Acorns 3rd Place: Personal Capital 2016 Best Robo-Advisor Fixed Performers Winner: SigFig 2nd Place: Schwab Intelligent Portfolios 3rd Place: Personal Capital Bonus; 5 Reasons to Choose Index Funds for Your Investment Portfolio >>> Should You Invest With the Best Robo-Advisor Performers? Notice that the overall 2016, January through September returns for a 60% stock and 40% bond investment portfolio...

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Will You Have Enough Money to Retire? FinanSavvy Answers

Posted by on 12:50 pm in Automatic Saving, Budget, Money Management, Personal Finance, Retirement, Sponsored | 2 comments

Will You Have Enough Money to Retire? FinanSavvy Answers

Get the Answer – At What Age Can I Retire? Are you interested in discovering whether your current lifestyle, savings and spending plans will leave with you enough money today and in retirement? Find out today whether you’ll have enough money to retire. Most of us strive to make better decisions when it comes to money.  “Better” can mean a lot of things. Yet, when it comes down to it, better means acting in a way that balances achieving the long term financial goals you care about the most, against quality of life today, all the while being able to pay the bills.   Meet the Jones-An Average American Family  Jack and Jill Jones both work and have 2 children. The Jones’ have a combined income of $140,000 and own their home. Jack and Jill are in their late thirties and the 2 children are 8 and 10. The Jones’ want...

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