When it comes to real estate, there are a number of different ways to earn money and grow your net worth over time, but two primary strategies dominate the discussion: short-term rentals vs. long-term rentals. Each approach has its own set of benefits, challenges, and financial outcomes. For investors, this question often boils down to which model delivers the best return on investment (ROI). [Read more…] about Short-term Rental Vs. Long-term Rental: What’s the Best ROI?
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13 Ways to Invest When You Have Very Little Money
Investing is one of the most intelligent ways to use your money. Instead of putting your money toward things that you want now, investing lets your money grow over time.
As Warren Buffet says, “The 8th wonder of the world is compounding interest.”
If you’re new to investing, one of your biggest hurdles will be finding investments you can get into with a small amount of money. Is it really possible to create passive incomes streams outside of your job if you only have a small amount of cash?
The short answer is, yes. Regardless of how much money you have right now, there are ways to move it into investment vehicles where you can start earning passive income flows today. [Read more…] about 13 Ways to Invest When You Have Very Little Money
Salary Negotiation: How to Ask for More Money the Right Way
You got the job offer you wanted. Congrats!
Now comes the often intimidating part: negotiating your salary.
Asking for more money right after you’re offered a job can seem greedy, but most companies expect you to negotiate. Having a few salary negotiation tips in mind can increase your confidence and boost your chances of achieving a higher opening salary. [Read more…] about Salary Negotiation: How to Ask for More Money the Right Way
How to Ask for a Promotion: 13 Tips that are Nearly Foolproof
Are you researching the best ways to ask for a promotion? If so, know that employers would rather promote from within, because it saves time and money compared to hiring a brand new employee. The hiring and training process is time-consuming and hiring from within is an easy way to eliminate friction and cost.
When you feel like it’s the right time to ask for a promotion, go for it because it will benefit you and your employer.
[Read more…] about How to Ask for a Promotion: 13 Tips that are Nearly Foolproof
Why 401K’s Are A Bad Idea
Why are 401(k)’s a bad idea? Why don’t rich people use them? Are they worthy of being called a scam?
There are more than a few reasons that 401(k)s are a bad idea, including that you give up control of your money, have extremely limited investment options, can’t access your funds until you’re 59.5 or older, are not paid income distributions on your investments, get charged high fees, and don’t benefit from them during the most expensive period of your life (child-rearing years).
Did I also mention that your 401k account value may plummet—it happened in 2008 and could happen again. [Read more…] about Why 401K’s Are A Bad Idea