Flipping Website—Strategies for Profits
Make Money Buying and Selling Websites “Flipping” is a well-known term in most side hustles. Flipping means buying and then reselling for a profit. From flipping small items like thrift store finds to flipping real estate, there is a market for flipping no matter your niche. Websites are no different: with an eye for potential, you can make money flipping websites. *This article contains affiliate links to help pay for this website. What is Website Flipping? Website flipping is straightforward in theory. To flip a website, you purchase a website someone else has already created, build it up to increase readership and profitability, and then sell the website again for more than your original purchase price. It sounds easy, but website flipping does require a lot of work: most blogs need at least a few months to increase readership to a profitable level, making site flipping good for those...
read moreEquityMultiple Real Estate Review – Is This Investment for You?
EquityMultiple Review – Invest Like the Professionals EquityMultiple is an online real estate crowdfunding platform committed to bringing high value commercial real estate investment opportunities to the accredited individuals. This EquityMultiple review will help you decide whether this online real estate investing platform is for you by discussing the main features of the company and its pros and cons. You are looking for an opportunity to diversify your investment portfolio. Real estate sounds good, right? Except for the unpredictability of returns, high initial outlay, and the need to deal with leaking roofs, broken toilets, and icy sidewalks. And how about commercial real estate? Have you been eyeing great investing opportunities wistfully and bemoaning the prohibitively high entry costs? Here is the thing. You no longer have to forego investing in real estate, and commercial real estate, because of the prohibitive initial cost, highly unpredictable returns and property management niggles...
read moreInvesting in Real Estate Notes Guide
If you’re interested in building wealth through real estate but want to avoid the management headaches of owning actual property then investing in real estate notes might be for you. Sometimes called mortgage notes, these financial assets can be bought when a mortgage lender sells the note attached to that loan to an investor who then takes over the loan. This allows the lender to get cash today when they need it and offers a unique opportunity for an interested investor. The original borrower still makes their monthly mortgage payments as usual, but now the investor receives those monthly payments of principal plus interest instead of the lender. This creates a nice passive income stream for the real estate note investor. *This article contains affiliate links to help pay for this website. Understanding Mortgage Loans When you wants to purchase real estate but can’t afford to pay for the...
read moreBeing a Landlord Sucks-Should I Invest in Real Estate?
Is Investing in Real Estate Worth It? With interest rates still very low, you may be wondering if investing in real estate is worth it. It’s all quite glamorous when you read the “no money down” success stories. There are more than enough real estate gurus available to show you the way. But before you buy, here’s 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. *This article contains affiliate links to help pay for this website. Learn the pros and cons of real estate investing and alternatives to buying and selling real property. 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. Or maybe you’re considering flipping...
read more27 Creative Ways To Make Money Fast – Unique Side-Hustle Gigs
Best Ways to Make Money in High School, College and Beyond At age 16, I wanted a job. So I did what any 16 year old would do before the internet, I looked at the employment section in the newspaper. It’s hard to imagine a time before the internet, where the best ways to make money in high school, were listed in the newspaper. Since I wanted to learn how to make money in high school fast, and I couldn’t work during the day, the Avon sales ad caught my attention. No age discrimination and I could make money in high school! I applied, got my territory and ordered my sample supplies. For those that haven’t heard of Avon, they sell cosmetics, toiletries, seasonal items and decor – door-to-door. Well, back then it was that way, but today Avon sells online and even in mall kiosks! The job was...
read moreWhy and How to Diversify with Real Estate – REITS + Real Estate Crowdfunding
Guest columnist, Joseph Hogue, CFA Don’t let the headaches of real estate investing keep you from diversifying your portfolio into one of the best long-term assets. Despite what you might hear on the 3am infomercials, real estate investing is hard work. Barbara explained in an earlier post about why she gave up being a landlord decades ago because of the constant headaches. I can relate. I started buying rental property early in my 20s. I had worked as a commercial real estate agent and wanted in on the cash returns and seemingly endless appreciation that was just getting started in 2002. I soon realized why real estate investing is far from the passive income strategy many websites make it out to be. Have you ever been called at 5am to light someone’s pilot light on a water heater? I have…many times. Wondering? Should I Buy Foreclosed Real Estate? Besides...
read moreAchieve Simple Financial Success with 5 Good Financial Habits
Guest Contributor, Tina Roth Developing ‘good habits’ has become an industry. From Charles Duhigg of The Power of Habit to Gretchen Rubin’s, Better Than Before: What I Learned About Making and Breaking Habits–to Sleep More, Quit Sugar, Procrastinate Less, and Generally Build a Happier Life, creating good habits is important across the spectrum or our lives. This article will show you how to be financially successful with a few good financial habits. Simple financial success is not rocket science. Start early, start small and with practice you can learn how to become financially successful. Financial Success Definition Simple financial success is defined as the achievement of your personal finance goals. There’s a reason that they’re called “personal” finance goals, and that’s because they’re defined by you, not by society. The key to financial success is not reaching some arbitrary goal like achieve 1 net worth of $5,000,000 and retire by 40. That might...
read morePros and Cons of REITs – Should I Invest?
Are REITs a Good Investment? A Brief Lesson in Diversification Long before Modern Portfolio Theory proved the benefit of diversification, “Don’t put all your eggs in one basket” was practiced. Intuitively, it makes sense to spread your income and investing risk around. The rationale behind diversification and asset allocation is that when one asset goes down in value, another may go up. Spread your investments and risk around and you’ll decrease the volatility of your returns. For example, invest only in one stock market mutual fund and when the stock market falls 20% in a bad year, so do your investment returns. Add a bond mutual fund to the stock fund and even if the returns on the stock fund fall, the bond fund’s returns might go up 15% and make your total portfolio value more stable. *This article contains affiliate links to help pay for this website. Add real estate to the...
read more7 Unique Ways to Save Money – Financial Freedom Within Reach
Top 7 Unique Ways to Save Money – Financial Freedom Within Reach By Barbara Friedberg in Saving Saving is one of the most challenging aspects of “adulting.” While most people want to save, only a few accomplish it. But for those who do, the results of saving up life-changing. Look at saving money through a unique lens. Replace the “money” reference with “freedom”. The more money you save, the more freedom you have in your future life. Here are top 7 unique ways to save money and achieve financial freedom: 1. Unique Way to Save Money – Divvy Up Your Paycheck Adjust your thinking about your paycheck. It’s your path to freedom. Divide your paycheck between your checking, savings, investment and 401(k) accounts. Spend what’s in your checking. Savings account is for emergencies. Investment account is for mid-term goals and investing in the financial markets. You 401(k) is for retirement. This unique saving...
read moreCheckbook IRA – Ultimate Guide to a Self-Directed IRA
What is a Checkbook IRA? A Checkbook IRA includes the features of a traditional or Roth IRA, but has one distinct difference: the account holder, not a custodian, has control over the investments. This makes Checkbook IRAs a good option for hands-on, confident investors. It lowers the amount of fees paid to account custodians and makes access to your IRA quicker and easier. *This article contains affiliate links to help pay for this website. Checkbook IRAs are also good choices for investors who want to own nontraditional investments within the account, like foreclosures, gold, raw land, and even LLCs. However, there are many rules surrounding Checkbook IRAs, including limitations on some investments and hefty fees for breaking the rules. For this reason, checkbook IRAs are not good options for novice investors. If you value flexibility and speed, and have some investing experience under your belt, you might be a...
read moreHow to Build Wealth with Money Strategies + Investing Books
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