I have been watching my pennies all year and have a plan to pay off my mortgage by the end of 2014. “Why on earth would you do something so crazy?”, many people ask. Well, I really don’t like debt and it sends chills up my spine just thinking about having a mortgage and business debt as well. I would much rather get rid of my large debt before I take on another one, even though it is technically for investment purposes.
My Plan for 2014 and Beyond
The plan is pretty basic to start out. I want to figure out how cheaply I can live in order to get rid of my mortgage debt by the end of December. All the while, I will be looking at investment properties for the 2015 season.
My friend Mike just shakes his head at my crazy ideas and doesn’t understand why anyone
Continue reading Earn Way More Than a Grand Per Month with Real Estate
Should you invest in Gold this 2014?
Germany has always been a major player when it comes to gold. The country has indeed shown the world that gold is more reliable compared to the US dollar, which is no longer considered a “safe haven” these days.
“The financial world was shocked this month by a demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank’s announcement comes just three months after the Fed refused to submit to an audit of its holdings on Germany’s behalf. One cannot help but wonder if the refusal triggered the demand,” shared Global Research.
The decline of the US dollar and the stock market has affected how many investors see the currency and the market respectively. And
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I graduated with my Business degree in Finance back in 2008. At approximately this same time, my friend asked me if I have ever listened to Dave Ramsey, a personal finance teacher that preached the message of ‘Cash is King’ and ‘Debt is for Dummies’. With a chip on my shoulder, I responded, “I do agree with some of his teaching, but to avoid debt entirely? That’s simply just dumb. After all, debt is a tool and can be used to earn money without shelling out your own.”
I thought I was so smart, but in actuality I was just money hungry. Debt is hardly ever a good idea for a personal account since we are not rapidly growing our assets through business ventures and products that are creating a buzz in retail. Nope. Most of personal finance has one main inflow of money that needs to be budgeted in
Continue reading Earning a Grand Per Month is Way Easier to Do Without Debt
At this moment, my dad is retired and my mom will be retiring in the next 20 days. They have some money stashed away in their retirement account, but if they happen to live for another 20 years, their money will almost certainly be long gone.
Since I live and breathe finance, my dad started asking me questions about what they should do with the money that they do have. “Will the stock market crash soon? Should I put my investments in something other than stocks and bonds? What is a good hedge investment that will allow me to keep my money over the next 20+ years?” These are all great questions, but to be honest, nobody can answer them with 100% certainty (not even me!).
My Best Advice For My Dad and Mom
While my mom and dad were hoping that I had the magic answer of what they
Continue reading Earn a Grand Per Month In Your Retirement
Making a grand per month is likely your minimum target goal when you start a side gig, but what if you can’t make that much money? This is especially likely when you are just starting your side gig. After all, it takes awhile to increase your business and income.
However, as you’re growing your business, expenses still need to be paid.
The best bet in this case is to find small side gigs to pad your bottom line. You might try places like Fiverr or even take surveys.
Of course, you won’t grow rich taking surveys, but if you need some extra cash to buy something your child needs or to have a bit of extra grocery money, taking surveys can help. Best of all, you can do them at your convenience, which might be late at night when you’re too tired to do your side gig or while the
Continue reading Your Guide to Taking Paid Surveys to Make Extra Money by Anna Thurman: A Review