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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? Real Estate Investing Series – Part 1 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...

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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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How to Build an Investment Asset Management Strategy

Posted by on 7:05 pm in Advanced Investing, Asset Allocation, Bond, Investing, Mutual Funds, Stocks | 11 comments

How to Build an Investment Asset Management Strategy

How to Outperform 70% of Active Fund Managers with a Smart Investment Asset Management Strategy This multi-part series will walk you through, step-by-step, how to create an investment asset management strategy that will maximize your returns and minimize risk. You’ll learn about various asset classes, how to choose the right mix for your risk tolerance, and how to rebalance annually. At the end of this series, you’ll have a set it and forget it approach to investing. Welcome to Part 1: How to Build an Investment Asset Management Strategy Part 2; 8 Steps to Creating a Diversified Asset Classes Portfolio Part 3: Diversification Strategy: How to Figure Out My Risk Tolerance Part 4: What are index funds and asset classes investing? Part 5: How to buy low and sell high using a diversified index fund asset classes portfolio What are Asset Classes? An asset class is a group of similar investments. Stocks are an...

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Investment Diversification Strategy – How to Figure Out My Risk Tolerance

Posted by on 9:07 am in Advanced Investing, Asset Allocation, Bond, Investing, Money Management, Stocks | 9 comments

Investment Diversification Strategy – How to Figure Out My Risk Tolerance

Part 3: What is Risk Tolerance and How to Figure Out my Asset Classes Allocation Today’s article of this multi-part series answers the question, “How to figure out my risk tolerance”.  Part 1: In How to Build an Investment Management Strategy you learned the important research behind investing with a diversified asset classes portfolio. Part 2: Outlined the 8 Steps to Creating a Diversified Asset Classes Portfolio. Today you will learn how to figure out your risk tolerance and begin designing your own asset classes diversification strategy. “There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know.” William Bernstein, The Intelligent Asset Allocator. Diversification Strategy – How to Figure Out my Risk Tolerance? There are many risk tolerance quizzes online, all promising to tell you how much volatility you can tolerate. The truth...

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Wall Street Kitchen-The Recipe Behind A Housewife’s 1,000% Stock Market Return

Posted by on 11:05 am in Guest Post, Investing, Links, Mind and Money, Money Management, Stocks | 0 comments

Wall Street Kitchen-The Recipe Behind A Housewife’s 1,000% Stock Market Return

How One Woman Cracked the Investing Code + Money Links Guest contributor, Victor Chiu New author, Victor Chiu introduces his book, Wall Street Kitchen and shares insights into his Mom’s stock market success.  Hello to all Barbara Friedberg fans! I’m Victor Chiu, author of Wall Street Kitchen – The Recipe Behind a Housewife’s 1000% Stock Return, and I’m super excited to tell you all about it. Wall Street Kitchen is a self-help, based-on-a-true-story-of-my-own-mom book that’s dedicated to the beginner and intermediate investor level audience.  For Mom, the kitchen was not only a place to create great food but also great wealth – all through buying and selling stocks from her laptop on the kitchen table. It is presented in a slightly whimsical, fun to read manner drawn from Mom’s character and success as an investor. Discover how Mom was able to make 1,000% return in 6 years of investing...

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How to Prepare for the Coming Inflation

Posted by on 10:15 am in Bond, Economics, Inflation, Investing, Stocks | 23 comments

How to Prepare for the Coming Inflation

 When is Inflation Coming?  “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Ronald Reagan It’s been more than 6 years since I wrote this original article, and inflation is just recently beginning to pick up. Inflation still hasn’t topped two percent. Is it possible that inflation will remain low indefinitely?  Or does it mean that I stink at predicting the future? Likely, I am not great at predicting the future. Yet, one of the reasons for the low recent inflation rates is vanishing. Inflation rates are correlated with economic growth, and up until recently, the economy was growing very slowly. Currently, economic growth is picking up-and along with it-inflation. In fact, last night my husband and I were listening to the news and pondering our future. My spouse asked me what would happen if the deficit grew and...

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