It’s likely that you have one primary source of income—just like most people. It’s fine to have a single source of income. It can, however, be dangerous as well. How would you cope if your primary source of income dried up, or your job was lost? That’s exactly what happened in the aftermath of the…
The 6 Biggest Mistakes in Creating Multiple Income Streams
June 16, 2023
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Financial Tips for New College Grads
For new college graduates, receiving that first post-degree paycheck can be almost as exciting as getting the diploma itself. But it also presents a challenge: Given the many demands on a young person’s budget, how should those funds be managed? We asked five money experts to share their best personal finance strategies to help this…
Best Personal Finance Advice for Millionaires From 3 Billionaires
June 3, 2023
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Hitting the million mark, especially if you did it all by yourself, is a huge achievement—both financially and personally. While some people make peace with the millionaire tag, most head towards the next big milestone—becoming a billionaire. However, a lot of people fail to realize that although the difference between a millionaire and a billionaire…
How to Set and Vet Money Goals Midyear
If you set money goals for 2023 back in January, now can be a smart time to check in on your progress. And if you didn’t, it’s not too late to create goals for the next six months and beyond. “If you don’t have your goals, everyone is so busy with life that a year…
What Is Rent Payment Fraud and How Can Landlords Prevent It?
By Dave Spooner Rent payment fraud is a common concern among new landlords—and not without good reason. No one wants to be taken advantage of, and being outsmarted by a fraudster can make you feel helpless toward any future issues you may encounter with rent collection. However, fraud is a problem every modern business must…
Freelancing Full-Time? 5 Personal Finance Moves
May 8, 2023
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I did everything backward when I started freelancing. I was fresh out of journalism school. Instead of getting an entry-level job at a newspaper or magazine, I immediately started looking for online gigs. My then-husband and I were up to our eyeballs in student loan debt. He still had years of schooling ahead of him….
How to Bolster Your Financial Confidence
April 25, 2023
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Melinda Perez, a financial educator, still remembers the first time she felt financially confident. She had recently started investing money outside of her employer-sponsored retirement account because she was finally earning more than she spent. “It was exciting because for once, I had what felt like extra money,” recalls Perez, who lives in San Antonio,…
How to Cut Costs by Self-Managing Your Rental Properties
April 20, 2023
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By Dave Spooner Many small to mid-sized landlords want to self-manage their rental properties, and for good reason. Above all, self-managing your properties means more take-home revenue—you won’t have to say goodbye to a large portion of your rental income each month to pay a property manager or company. Another benefit is that you’ll be…
How to Have More Money
You need more money, and you need it now. What are your choices? You have two: You can increase your income, or you can reduce your spending. There are several ways you can increase your income: Increase Income Get a bigger paycheck. Ask for a raise; land a new job that pays a lot more;…
Job Plus a Side Gig? Avoid These Mistakes
March 17, 2023
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At the beginning of the year, many people have their eyes set on goals. Some of these goals may include increasing your income, starting a dream business, or both if you’re reaching for the stars. Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few…
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