Passive Income

Neighbor.com App Review for Hosts

Giving every dollar a job and passive income from rent... These are two ideas Neighbor mashes together. The message is simple: use what you already have to your advantage. In the case of Neighbor, it’s giving every space of your home a job. Why? Because as much as compound interests add up over time, wasted and missed opportunities do, too. Neighbor.com lets you maximize opportunity and passive income. It operates in a space … [Read more...]

How to Buy an NFT [Exactly What I Bought and How]

If you're like me, you spent several months hearing the word NFT (which stands for Non-Fungible Token) and letting it go in one ear and out the other. Nope, not for me. I'm too busy building my businesses and playing golf to be concerned with such nerdiness. Plus, I don't need more stuff in my life. Aren't NFTs just a way to clutter up your digital life? Then I discovered there was an NFT related to golf (my current … [Read more...]

6 Ways to Invest in Real Estate ($10-$100,000)

[PT's note: This comprehensive article was contributed by Eric Bowlin from realestateinvesting.org. I first heard Eric on this Bigger Pockets episode. He lives here in Texas with me now and we regularly get together for lunch and talk real estate and business. Here's Eric....] It’s remarkable to see how real estate investing can create so much wealth. You see it everywhere--TV, the web, or your friend who randomly decided to flip a … [Read more...]

The Best Passive Income Ideas That Actually Work

If you're like me you're always in search of the best passive income ideas. Honestly, though, passive income sounds a little bit like a leprechaun: a mythical creature that provides you with money without you having to work for it. But passive income--otherwise known as residual income or investment income--is the real deal, unlike magical bearded men with pots of gold. I have several passive income streams going on in my own life … [Read more...]

Inflation Sucks! Here’s Why You Shouldn’t Panic

We've heard the numbers – a lot. Inflation is running at about 7% – the highest rate in 40 years. "Transitory" was the word first used to describe it, but this past November, Fed. Chairman Jerome Powell stated, "I think it’s probably a good time to retire that word." Fair enough, let's retire it – but what will the impact of this non-transitory inflation spike be? For those of us who are thinking about our long-term financial … [Read more...]

Best Automatic Savings (& Investing) Apps to Round Up Savings in 2022

Saving money has a lot in common with flossing: you know it’s important, professionals wag their fingers at you when they find out you’ve been neglecting it, and it seems like a major pain to get in the habit of doing. Luckily for reluctant savers, technology has come to the rescue in the form of automatic savings apps. (Unfortunately, automated flossing technology is still years away.) Even the most budget-averse user can … [Read more...]

How to Invest Money: What You Need to Know to Get Started

Making investment decisions can be a scary and overwhelming process. We are constantly bombarded with conflicting information about the market. One moment everyone’s excited, and a few hours later they are all disappointed. We hear that investing is inherently risky, but also that it's the clearest path to wealth. And then there's the alphabet soup of investing lingo, from IRAs to ETFs. So just how are you supposed to feel … [Read more...]

How to Calculate Rental Property Cash Flow

Real estate investing can provide you with an additional stream of income, helping you build wealth and reach your financial goals more quickly. One of the most popular ways to invest in real estate is owning a rental property. Whether you’re a new investor considering real estate for the first time, or a current owner trying to decide on your next step, there are a few common skills every real estate investor should have. To … [Read more...]

Titan Invest Review 2022 | Invest in a Hedge Fund?

There is a new player in the fintech space that is trying to make hedge funds strategies accessible to the average investor, Titan Invest. They are replicating the hedge fund investment strategy with low fees, no accreditation requirements, and you can get started with no minimum investment. You've no doubt heard about hedge funds, but you might feel they are only for the wealthy investor. Hedge funds are known for their high fees … [Read more...]

36 of the Best Passive Income Apps for 2022

One of the best forms of income is passive income. That's because it flows in while you're busy doing other things. It can provide a valuable second income, that you can use to fund your retirement plan, get out of debt, or save up for your next vacation. With the dozens of passive income apps available, you can find one for just about any income venture you can think of. Some are truly passive--you invest money or create a product … [Read more...]

Our Vanguard Personal Advisor Services Review: Have a Human Advisor Review Your Plan

Since John Bogle founded Vanguard in 1975, they've become one of the most trusted companies in the investing industry. They have over 20 million clients and manage over $5 trillion in assets. Throughout their history, Vanguard has championed the idea that the average person can be a successful investor by implementing a buy and hold strategy and keeping their costs low. But even Vanguard realizes that not everyone wants to go it … [Read more...]

Invest in Real Estate for as Little as $1,000 [RealtyMogul Review]

Several years ago, my husband and I decided to add "real estate moguls" to our resumes. Homes in the small college town where we lived were affordable. Also, rental prices were high and we could count on graduate students as potential tenants. Buying a rental property seemed like an excellent way to grow our portfolio and our wealth. Unfortunately, we quickly hit a number of setbacks. Qualifying for a loan on a rental property was … [Read more...]

Fundrise Review: Commercial Real Estate Investing for Everyone

  Traditionally, there were only two ways to invest in commercial real estate. You could get started for a (relatively) low financial investment if you personally maintained the property. Or you could invest a major chunk of change into real estate development as a form of passive income. But neither of these options allowed the average Joe with a day job to invest a modest amount. Without time or serious money, real estate … [Read more...]

Should You Participate in Your Company’s Employee Stock Purchase Plan?

A few years ago I was given the opportunity to participate in my company's employee stock purchase plan (ESPP). After some research, I discovered these plans can be a huge benefit if you do them right. Most people who have access to an Employee Stock Purchase Plan should definitely use it, max it out, and flip it immediately. Doing so will almost guarantee an almost 30% annual return on your money. Are you considering your … [Read more...]

The Best Equity Crowdfunding Sites for Non-Accredited Investors

Passive income is the holy grail of personal finance. Earning money without having to hustle for it sounds like a pretty good deal. However, you might assume that passive income is only available to people higher up on the socio-economic ladder than you. If you're not in the financial position to become venture capitalist (e.g. accredited), you might think that you're going to have to toil for every dollar forever. In the past, … [Read more...]

4 Real Estate Crowdfunding Sites to Add to Your Investing Portfolio

As many wealthy investors can tell you, real estate is a solid investment that can provide annual income as well as long-term growth. Unfortunately, buying real estate also requires quite a bit of upfront capital, as well as time, energy, and money for maintenance. Plus there is the risk of finding and keeping good tenants. Thankfully, individual investors no longer have to save up hundreds of thousands of dollars or become … [Read more...]

Investing in Fine Art with Masterworks (Our Review)

My mother owned an art gallery for nearly 40 years, and I literally grew up surrounded by art. Because of my background in the art world, I was both intrigued and a little wary of this new investment platform. Masterworks allows regular joes to buy shares of art masterpieces as an investment. My personal finance side is excited to see a platform open up an asset class that is generally out of reach of the average investor. … [Read more...]

Betterment vs. Wealthfront: Which is the Better Robo-Advisor in 2022?

Betterment vs Wealthfront: these are the two largest and best-known independent providers in the robo-advisor space. They’re also two of the earliest entries to the field. Because of that, they've evolved to the point where they have far more services than what is offered by the typical robo-advisor. Betterment and Wealthfront are automated online investment platforms. Both charge a low annual advisory fee and manage your … [Read more...]