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Best Way to Play the Lottery (You’re Not Going to Like it)

Posted by on 3:10 pm in Automatic Saving, Personal Finance, Saving, Tips | 48 comments

Best Way to Play the Lottery (You’re Not Going to Like it)

Playing the Lottery and Investing The lottery pot is the biggest it’s ever been. And lines are forming to buy a ticket. Yet, the best way to play the lottery is using another approach. After all, aren’t you playing the lottery to get rich? Here’s a way to get rich with a greater probability of success than playing the lottery. If you are a lottery player, I want to help you. If you put $50 per month in the lottery over 10 years, you will have spent $6,000. The odds of winning the powerball or mega millions is roughly 175 million to one says Kimberly Amadeo in a recent The Balance article.  That’s about the same chance as getting hit by lightning or dying in a plane crash. I don’t know about you, but I don’t know anyone who has gotten hit by lightning or died in a plane crash. ...

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26 Creative Ways To Make Money Fast – Unique Side-Hustle Gigs

Posted by on 12:30 pm in Make Money, Tips | 74 comments

26 Creative Ways To Make Money Fast – Unique Side-Hustle Gigs

New Creative Ways to Make Money  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 jobs were listed in a newspaper. Since I was in high school, I couldn’t work during the day. So an 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 a creative way to make money and it was fun. I rang doorbells within my assigned territory, passed out brochures...

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7 Secrets to Becoming a Millionaire – at Any Age

Posted by on 1:29 pm in Retirement, Tips, Wealth | 1 comment

7 Secrets to Becoming a Millionaire – at Any Age

How To Become a Millionaire at any Age Conservative retirement estimates indicate that most people need at least a million dollars at retirement. This is a daunting number for sure, especially for people who didn’t begin saving at the ripe age of 16. Never fear! It’s not to late to start learning how to become a millionaire. Like any big goal, breaking it down into bite-sized steps makes it more attainable. And, you don’t need to earn big bucks to end up with a million dollars! There are stories of janitors, barbers and librarians amassing a million on an average (or less) salary.  Whether you’re looking to save a million dollars for your retirement or are hoping to learn some millionaire secrets so you can live in financial independence in your 30s, there are ways for you to bring your goals into reach. 1. To Become a Millionaire –...

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5 Saving for Retirement Essential Action Tips

Posted by on 11:21 am in Guest Post, Investing, Retirement | 5 comments

5 Saving for Retirement Essential Action Tips

5 Tips to Saving For Retirement from a Financial Advisor By, Clint Haynes Saving for retirement is a financial responsibility that nobody can afford to overlook. Unfortunately, millions of people will reach their golden years with far less money than they will truly need. In the vast majority of cases, these problems can be attributed to lack of financial education and believing social security will be enough. The days of relying on just social security and a pension are long gone. So, what can you do about it? Here are five top tips to help you start saving for retirement so you can get there confidently.  5 Retirement Saving Tips That are Easy to Implement #1 – Start early It sounds a little obvious but the earlier you start saving, the easier it will be to grow a sizable nest egg. The power of compound interest takes a while...

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Are Bonds a Good Investment Now?

Posted by on 7:25 pm in Advanced Investing, Asset Allocation, Bond, Investing, Reader Question | 15 comments

Are Bonds a Good Investment Now?

A reader wrote in and asked, “Why should I invest in bonds? After all, the yields are low and don’t bond values drop as interest rates rise?” I started investing in bonds in my mid 20’s and have enjoyed their dividends for years. When interest rates were high, I even received double digit bond interest (coupon) payments – can you believe that today? Understand the importance of bond investing. Learn why bonds remain a good investment today. Investing in Bonds for Beginners “Are bonds a good investment now?” is a great question. After all, bonds, typically offer lower returns than stock investments. And, when interest rates are rising – like they are now – bond values tend to decline. Yet, bond investing is a good idea. Let’s start with a quick bond investing 101. And, if you already know about investing in bonds for beginners, then skip down to...

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How to Calculate Net Worth – What Are You Worth?

Posted by on 4:30 pm in Money Management, Personal Finance, Wealth | 17 comments

How to Calculate Net Worth – What Are You Worth?

What is Your Net Worth? Get Rich Step by Step-by-Step “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”  ~Ayn Rand The first step in creating a fitness and diet plan is to step on the scale. Nobody likes to get weighed, but you have to accept where you are right now, before proceeding to change. It’s how you keep track!   This article instructs in how to identify your financial baseline. Simply put, net worth is the total of your financial worth on a particular day. Net worth includes everything your own that could be converted into cash minus all the money you owe. Just like your weight, your net worth goes up and down. But, don’t worry about it; just get a ball park number. Remember, you don’t need to be perfect.   Why Calculate Your...

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If You’re an Investor – Personal Capital Will Organize Your Finances (For Free)

Posted by on 12:12 pm in Money Management | 0 comments

If You’re an Investor – Personal Capital Will Organize Your Finances (For Free)

Personal Capital Will Simplify Your Investing Everything You Need to Know About Personal Capital You must sign up for Personal Capital because of the free Personal Capital Dashboard!  You may have seen the Personal Capital TV commercials. If they didn’t draw you in, then learn why this robo-advisor or automated investment advisor is a required tool for anyone who wants to maximize their wealth. This Personal Capital Review is a deep dive into their platform to see how it works and if it’s the right investment manager for you. Even if you don’t hire Personal Capital to manage your investment portfolio, you must sign up for Personal Capital’s free financial software, tools, calculators and more. You can track all of your investments and bank accounts without paying anything. It’s a more complex version of Mint.com with a focus on investing. Comparable (or better than) Quicken, Personal Capital is free. I use both...

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Quicken vs. Personal Capital Review: Which One Is the Best Money Management Tool?

Posted by on 1:30 pm in Budget, Investing, Money Management | 8 comments

Quicken vs. Personal Capital Review: Which One Is the Best Money Management Tool?

Quicken vs. Personal Capital: Which One Will Handle Your Money Better? The one thing that every successful person does is properly manage their finances. To help you make the best financial management software choice, read this Quicken vs. Personal Capital review. You’ll get an in depth look at the features of the free Personal Capital Dashboard and the paid Quicken program, along with pros and cons of both. I’ve used Quicken for decades and Personal Capital for less than three. Yet, when I was introduced to Personal Capital, I linked up my accounts (very quickly) and was blown away with the free features.  I continue to use both Quicken and Personal Capital. It’s important that the financial management software program you choose can accommodate your accounting needs and expectations so read this Quicken v.s. Personal Capital comparison to decide which one (or both) is for you. Quicken vs. Personal...

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Emperor Investments Stock Investing Solution – Robo-Advisor for Stock Investing

Posted by on 1:28 pm in Investing, Sponsored, Stocks | 0 comments

Emperor Investments Stock Investing Solution – Robo-Advisor for Stock Investing

Emperor Investments – DIFY (do it for you) Stock Market Investing – For a Fair Price Interview with Brenna Casserly, CEO of Emperor Investments, an all-stock robo-advisory investment portfolio.  Founded by Brenna Casserly, former investment analyst and Francis Tapon, PhD and economics professor at the University of Guelph, Emperor Investments implemented this unique stock-only portfolio ten years ago, with their own money. Emperor Investments robo-advisor was born  in 2017 from this collaboration. Learn about how an actively-passively managed equity portfolio might beat the returns of an index fund investment portfolio in this interview with Emperor co-founder Brenna Casserly.  Q: What is Emperor Investments and how does it work? Emperor is a pure equity robo-advisor that builds dividend paying portfolios for people who don’t have the time or expertise to do their own in-depth financial analysis. To do this, we get to know you and your investing preferences during our...

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September Investing Personal Finance Tips – Don’t Fear the Stock Market

Posted by on 12:27 pm in Investing, Links, Mind and Money | 2 comments

September Investing Personal Finance Tips – Don’t Fear the Stock Market

With Investment Education and Discipline Comes Prosperity – Finance Links +Personal Finance Tips I’m an investor and have been one for decades. I invest regularly, and have done so since the 1980’s, and despite several market crashes, our family is facing retirement in good shape. For the average individual, if history holds, sensible investing in the financial markets can lead to a secure future. These personal finance tips and investment advice will boost your stock market IQ. But, like anything else, education, discipline and persistence are required to build wealth through investing. And understanding that the stock market crashes on occasion will help you prepare for the volatility that comes with a commitment to the markets.  5 Stock Market Crashes Since 1987 I’ve seen the stratospheric inflation in the late 1970’s and early 1980’s. I’ve lived through all of the stock market crashes since the mid-1980’s. And, despite these...

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