Cade Hildreth

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IRR vs. ARR: What’s the Difference?

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Key Takeaways

  • ARR is  formula that calculates the annual percentage rate of return expected from an investment, compared to its initial cost.
  • ARR is a simple calculation that can be done on the back of a napkin.
  • IRR is a more complex equation that is best calculated with a spreadsheet or calculator.
  • IRR stands for Internal Rate of Return. It lets you estimate the future profitability of potential investments.
  • IRR lets you factor in the time value of money, which ARR does not.
  • IRR is preferable if you won’t earn cash flow from an investment evenly over time.

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How To Sell Your Primary Residence And Not Pay Taxes On The Profit

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Real estate is a great investment, and selling your home could net you a hefty profit. However, that large profit can mean a big tax bill, which can reduce the amount you get to pocket from the sale. It may also dampen your plans to move to a new location.

Fortunately, there are critical moves you can do to reduce the taxes you owe when you sell your primary residence.
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25 Of The Best Side Jobs For Stacking Quick Cash In 2024

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The best side jobs are ones that match your interests and skills ― while rewarding you handsomely for your effort. Put simply, they are an awesome way earn extra income on top of your main job.

As I always teach, the framework for how to make more money and create multiple flows of income is to break your day into three parts, which are:

  • 9am – 5pm – Time spent on your main job
  • Before 9am and after 5pm – Time for your side job / side hustle
  • While you sleep – Time for earning passive money

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9 Actionable Tips for Paying Off Your Student Loans Faster

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Is student loan debt controlling not only your wallet but your life? You aren’t alone, roughly 44.7 million Americans are also suffering from student loan debt. Don’t give up hope just yet, there are some things you can do to feel in control and get out of debt faster.

While I came out of my graduate programs with a hefty six-figures in student loan debt, I used these tips for paying off my student loans in a short period of time. [Read more…] about 9 Actionable Tips for Paying Off Your Student Loans Faster

How to Effortlessly Create Multiple Flows of Income in 2024

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What’s better than one large source of income? Multiple sources of income that regularly rake in money, right?

Having money flowing in from different places is extremely powerful.

First, your earning potential increases. Second, you can benefit from both active and passive income sources. Third, multiple flows of income is the Holy Grail of financial freedom.

It’s long been known that the average millionaire has seven or more streams of income. So, you’ll want to learn this skill today. [Read more…] about How to Effortlessly Create Multiple Flows of Income in 2024