Category Archives for Improve Your Financial Health

Risk vs. Reward: Is Your Investment Worth It?

  • May 16, 2019

risk vs. reward

The word “risk” comes up a lot when you’re learning about investments. With money being put into something which may not work out, there is a chance that you will lose the investment you’ve made, and this is the case with pretty much any money-making scheme on the planet. Of course, though, some things are far riskier than others. Balancing this is a challenge when you’re first getting started in the world of finance, but this post is here to help you out, and will be exploring the differences between high and low risk investments.

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These Jobs Will Give You Money AND Freedom

  • May 16, 2019

money and freedom

We all know the deal: you go to work, “do your time” and then get the rewards, maybe when you’re fifty or sixty years old. For most of your life, you’re chained to the desk, working for the man, forty or fifty hours a week. Only once you’ve suffered can you get the things that you want out of life. It’s a dismal trade.

This has got a lot of people thinking: can I have my cake and eat it? Can I find a job that pays well but that also affords me the freedom that I want?

In the past, getting a job like that was tough. But today, there are all kinds of tasks that you can do that will bring you both money and freedom in the here and now, not in thirty years. Let’s take a look.

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5 Unconventional Ways To Make Some Extra Money

  • May 16, 2019

Some people simply don’t do well in a traditional 9 to 5 office job, and some just want to find new ways to draw in more money each month.  Whatever your intention, there are plenty of unconventional ways to make an extra buck.

If your mind is granting you little to no imagination at this time, you’re in luck.  Here is a quick look at some of the coolest, most unconventional ways to make some extra money.  Boost your income by doing something enjoyable for a change.

Gather and charge those pesky scooters

If you live in a big city, then you’re likely very familiar with all of the many different scooter companies that popped up seemingly overnight.  Rental scooters are all over the place in nearly every large city in America, and they’re electric.

Someone has to recharge the scoots each day, so the host companies can continue making money.  Some people even make a living out of gathering and charging scooters, but you don’t have to work full-time to make some extra cash.  

Busking can be a lucrative gig

If you’re a musician, there’s always a way to make money with your craft.  Take your talent to the streets of a bustling city, and become a busker. Even if you only have time to busk on the weekends, you can make a considerable chunk of change by simply doing what you love.  

Get to work on perfecting a handful of songs, and go try your hand at busking.  Stars like Ed Sheeran, Sheryl Crow, and Tracy Chapman all started out busking on the streets.  

Become a professional mermaid

If you’re over the age of 18 and you can swim 400 yards in under 15 minutes, then you can try out for the job of being a mermaid at Weeki Wachee Springs in Florida.  It isn’t the easiest way to make some extra fundage, but it just may be the coolest.  

Deliver people’s stuff through Postmates

Postmates gives regular folks like you the chance to make a regular income by delivering products to others.  Unlike most of the other apps that pay you to complete a simple service, Postmates lets you take home 100 percent of your earnings.  

You can work for Postmates with your car, a bike, or even on foot.  Go check out the Postmates website, and dig deeper into what they offer individuals who choose to do the footwork.  

Spend time interacting with easy money offers

It’s not the most invigorating experience, but you can make a little extra cash each month doing the monotonous jobs.  Taking surveys, watching videos, and testing out mobile apps will help you bring in a couple hundred dollars a month.

4 Tips For Working Towards Financial Freedom

  • May 15, 2019

financial freedom

It would be nice to say that you had complete financial freedom. Many of us work our whole lives to get to a stage where we can be financially free, but it is possible to achieve financial freedom even earlier than that if you have enough will-power and know a few good tricks that will help you to save your money faster.

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3 Of The Best Summer Jobs For Your Teen To Learn Responsibility And Earn Money

  • May 15, 2019

When your kids are young, you’re generally completely responsible for taking care of them physically, emotionally, and financially. But as your kids grow into teenagers, it can be very beneficial for them to learn how to earn their own money and begin to develop both financial and personality responsibility through having a job. During the school year, many teens don’t have the time to work. But once summer rolls around, it’s the perfect time for your teen to move outside of their comfort zone and start joining the workforce. To help them get started on the right foot, here are three of the best summer jobs for your teen to learn responsibility and earn money.

Become A Camp Counselor

While your younger kids are spending their summer break at summer camp, your teen could be working as one of their camp counselors. According to Janet Fowler, a contributor to Investopedia.com, being a camp counselor can help your teen learn about living on their own, as counselors often stay at the camp for the majority of the summer. While there will be adult supervision there, being a camp counselor will allow your teen to feel like they’re living on their own, generally requiring them to do their own laundry, manage their own time, and earn their own money. The skills your teen will learn from this experience will help them not only during the rest of their teenage years, but throughout the rest of their lives as well.

Serve As An Educational Tutor

Although some kids spend their summer break forgetting about school, there are plenty of kids out there who are looking to either catch up from their previous year of schooling or get ahead for the upcoming year. In either of these situations, the parents will often look for a tutor to work with the child. According to Chelsea Brennan, a contributor to Forbes.com, high school-aged tutors can charge anywhere from $20 to $40 per hour, which could be very worthwhile for your teen. Not only will they be making fairly good money, but they’ll also be keeping their minds sharp through their tutoring skills.

Start Their Own Small Business

For some kids, the entrepreneurial bug can bite very early on. Luckily, it’s pretty easy for a teen to start their own business. According to David Quilty, a contributor to Money Crashers, teens can start their own small businesses through endeavors like babysitting, cleaning, lawn care, working as a handyperson, walking dogs, and more. Just so long as your teen has a product or service that others are willing to pay for, and all the legalities are taken care of, your teen could make money and learn a lot from starting their own small summer business.

If you have a teen who’s ready to start working this summer, consider some of the options mentioned above for a great summer job.

3 Tips To Help You Save Money On Auto Insurance

  • May 15, 2019

For most people, the overall costs of having their own vehicle to drive will depend on a variety of factors. From the actual car you’re buying or leasing to the amount of wear and tear you’re putting on your car and how much gas you’re needing to purchase, having a car can either be very economical or very expensive. But regardless of how much money you’re spending on owning and operating your vehicle, you also have to have your vehicle insured in order to legally be driving. So to help you find ways to cut costs in this area, here are three tips to help you save money on auto insurance.

Comparison Shop

Different insurance carriers are going to charge you different prices for similar services. The trick to finding the best price for you is to visit a comparison site like Pretected. According to the Insurance Information Institute, you should try to get quotes from all types of car insurance companies before you pick the one that you’re going to go with. When doing this, you might want to start your comparison shopping before you even buy a new car so you can see how the cars you’re considering buying would affect your car insurance rate. Cars that have been deemed safer to drive often have lower insurance rates, which can have a big impact on what you’re paying for your insurance costs.

Only Pay For The Coverage You Need

Depending on your ownership of your car, the extent of the car insurance you’ll need can change. For example, if you have a loan for your car, you’ll need to have the maximum amount of auto insurance and have your lender and the lien holder. But if you own your car out-right and know that it’s really not worth much, Barbara Marquand, a contributor to NerdWallet.com, shares that you can reduce or get rid of your insurance coverage for things like collision or comprehensive coverage. Rather than paying for this additional coverage that might not even make a difference is the event of an accident, you might as well just save this money within your own accounts so you can have funds ready in the event that you need them.

Take Advantage Of Every Available Discount

Many car insurance carriers will give discounts to people for all types of reasons. Things like bundling your insurance coverage, being a safe driver, having good grades, and more can help you to save money on your overall insurance costs. Because of this, Trent Hamm, a contributor to The Simple Dollar, advises that you check out what insurance companies offer the maximum benefits to you and your particular situation. And once you’ve gotten these discounts, make sure you do everything in your power to ensure you continue to qualify for them.

If you’re looking for car insurance coverage, consider using the tips mentioned above to help you find ways to save.

7 Money Management Tips for Single-Income Families

  • May 13, 2019

7 Money Management Tips for Single-Income Families

Families with a single income have a hard time coping with ever-rising living costs. While some families deliberately choose the one-income setup, others are faced with situations such as job loss or prolonged illness that causes them to rely on a single person’s earnings. Whatever the reason, one-income families can have it hard, particularly when there’s a large debt to be paid off.

If you’re part of a single-earner home, you can resolve some of your family’s financial woes through prudent money management. Take a look at the following tips to gain back your household’s financial health.

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7 Effective Ways To Cut Business Costs

  • May 7, 2019

7 Effective Ways To Cut Business Costs

In business, every penny counts, and a small increase in the revenue or a small reduction in expenses can have a huge impact on the profitability of the company. The good news is that a large scale restructuring of the company is not necessary. There are a few, simple steps that can help cut down the cost of operations in a business. It is a good time to step back and look at our business practices. Here are a few ways you can reduce business costs.

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How to Plan for the Financial Future of Your Family

  • May 3, 2019

Plan for the Financial Future of Your Family

Every family man or woman wants to ensure the future of their family is as secure and as safe as this can possibly be. This applies to the finances of your family as much as anything else, so it’s a good idea to start planning the financial future of your family. Long-term planning will make a big difference in how secure your family’s future is and here are some of the ways in which you can start that planning process.

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A Good Work Life Starts With A Healthy Personal Life

  • May 3, 2019

A Good Work Life Starts With A Healthy Personal Life

Even if you’re a workaholic, you can’t ignore the fact that you have a personal life too. Or, at least, you should have a personal life. Yes, you might have a very demanding career, but mastering the balance between your work life and personal life is crucial to your mental and physical well-being. If you think your health has been suffering recently then it might be time to reassess your daily routine. A good work life starts with a healthy personal life, so let’s talk about some ways in which you could improve your well-being and your career too.

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