One of the biggest hang-ups with side hustles is time management. Focusing on a side hustle efficiently is often the result of meeting several goals effectively. Being able to side hustle efficiently is a symptom of a well-managed work and personal life, which is weird since I try to address goals head-on, not as a … Read more
The Debt Snowball Method was a term new to me when I took the Financial Peace University. Also, this method of paying off debt was quite different from what I was used to addressing, eliminating personal debt. So in my mind, I give credit to coining the term “Debt Snowball” and creating the method for … Read more
A T-Bill Ladder strategy is where you invest in several T-bills with staggering maturity dates, so only a fraction of your total T-bill investments mature at any time. This way, you can auto-re-invest your principal and collect a stream of income(interest) with each maturity date. Now What Does That Mean? Well, anyone can spout out … Read more
A leveraged ETF (exchange-traded fund) is an investment fund that borrows money, using current assets, to increase the returns(value) of the original index or asset. What is a leveraged ETF, and how it operates? My View What Is A Leveraged ETF: Example: A leveraged ETF for the SPY, like the SPUU, appears to use its … Read more
Side Hustle Stack is the process in which a person performs two or more side hustles simultaneously. Instead of one big side hustle, a person uses multiple side hustles for additional income. An Example Of Side Hustle Stacking: First, with any Side Hustle, you need your main hustle, so you work your primary job, then … Read more
Is Outlet Finance FDIC insured? In a simple answer, NO. Outlet Finance does not promote or advertise itself as FDIC-insured. What Does This Mean For Your Money In Outlet.Finance? Based on my understanding from my research before I deposited money in a means to Yield Farm( What Is Yield Farming In Cryptocurrency? ). Your money, … Read more
A Side Hustle is a job or activity that brings in income or growth beyond your regular or primary source of income. Examples Of Side Hustles: Purposes Of Side Hustles:
A zero coupon bond is a bond that can be purchased at a discounted price(< face value) and later redeemed at maturity for its face value. The difference in face value minus discounted price can be considered the bond’s “interest” payment. Common Examples of Zero Coupon Bonds: T-Bills. Since T-Bills maturity dates don’t exceed 12 months, they pay no … Read more
Ready for an epiphany….? “Personal” Finances are complicated and how we live our lives is very different. Although we all have many of the same goals, like retirement, what we achieve is different. I am using the retirement example: Some people save their whole lives, creating a large nest egg to draw down upon for … Read more
Simply put, a 6-month emergency fund is a source of money to cover six months of living expenses(rent/mortgage, food, car care, etc.) should you lose your regular income. Your monthly expenses after losing your job, or income, should only be necessities. If you lose your job, you should use something other than our emergency fund … Read more
It is funny how when we want something, we ask open-ended questions to problems where the answers become overwhelming, and we need to act on the solutions. My open ended question I ask myself, How do I save more money? Well, finding ways to save more money is the same. The solutions are straightforward and … Read more
So, Is Passive Income Legal? Yes, but still not legal advice, just my observations based on sources of passive income. Every worker’s goal is to retire someday, stop working but continue to collect money through retirement. Retirement planning is about planning for a lifetime of passive income. Is retirement income illegal because it’s passive? No. … Read more
To determine if selling handmade goods is passive income, ask yourself: These were weird questions, but the combination of terms like craft or “handmade goods” and “passive income” sounds like an oxymoron to me. If I am creating “handmade goods,” this is active. Selling the same handmade goods again can be active or passive, depending … Read more
Funny when I get to talk to people about growing their own Passive Income Generator (PIG) I am asked, what is the easiest passive income generator to grow my wealth? Dividends This is based on my opinion, with is backed by my experiences. Still, my easiest PIG to grow is a dividend stock portfolio. One … Read more
For investors like me, PIG stands for: Passive Income Generator. Meaning: (P)assive – Passive – Not requiring continued active work from me. (I)ncome – Income – Money, earnings, or something of value I receive. (G)enerator – Generator – Something that creates. PIG So a PIG is a means to generate passive income for me. PIG … Read more
This question might be simple to answer, but to cover it here on my blog, I want to define how I use it and help you better understand my goals. This way, you can know what I mean by Passive. What Is Passive Income? Let’s take the latter part of the question since it will … Read more
The simple answer: 30 Days. Per, https://www.irs.gov/publications/p550 But What Is The Full Question? And What Does 30 Calendar Days Answer? Now that I have sold out of my Riot Platforms, Inc. (RIOT) stock, a discussion that will come up with my accountant again will be how long I have to wait till I can repurchase … Read more
7 Steps Of Dave Ramsey’s Financial Freedom. Also know as: The Seven Baby Steps Of Financial Freedom: Calling these steps “baby steps” might be seen as a simplification of the process toward your financial freedom, but they are just small steps that can be applied to your life for large changes. The goal is to … Read more
