Multiple Streams of Income- What is it and Why Do You Need it?

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Did you know the average millionaire has 7 different streams of income?  According to most experts, making money through multiple streams of income is a huge factor in how financially successful you become. I’m a big believer in the concept.  In fact, the first time I heard about multiple income streams I was blown away by its obvious ability to build wealth and sustain it over the long term. Because it’s such a powerful concept, I thought I’d share it with you in today’s post! Multiple Streams of Income are the Key to Wealth Earning money from more than one source is […] Read more »

Investing in Stocks and Loving It: Top Tips, Tools and Tricks for Making More Money

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Making money from the stock market has historically been one of the easier ways to build wealth for many Americans. Investors don’t need large sums of cash to get started, and the opportunities to generate profits are huge. Yet many new investors tend to focus only on the idea of share trading. The belief seems to be that they only need to pick the right stock, wait for the share prices to go up, and then sell their stocks at a profit. In reality, successful investors use a combination of strategies to build up a profitable portfolio that continues generating […] Read more »

2 Ways to Make Your Money Work for You in Time of Financial Volatility

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Have you noticed that your money is making much less money than it used to? I’ve been watching this get more and more serious over the last decade or so. Even if you have no direct experience of that – though I do hope that you all have some savings and investments – you couldn’t have missed the mainstream media headlines. Inevitably these are dressed in drama, fear and exaggeration though there is a kernel of truth in them. See for yourselves: ‘Devastating’ blow for prudent Brits as almost 300 accounts have interest rates slashed Interest rate massacre: scores of […] Read more »

Smart Ways To Spend A Third Paycheck

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Happy New Year! This is a magical month for many – not because it’s the beginning of a brand new year but January 2016 has five Fridays in it. What does that mean? That means some of you will get paid three times this month. Those who get paid bi-weekly on Fridays will get three paychecks this month: January 1st, 15th and 29th. If your biweekly pay doesn’t fall on the first Friday in January then your turn will come in April (which, coincidentally, also has three Fridays on the 1st, 15th and 29th). A 3-paycheck month means you get […] Read more »

Five Objections to FX Trading and Why You Shouldn’t Listen to Them

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Don’t know about you but I’ve heard enough objections to last me several life-times. You want to leave work? Oh, it is so hard to get another job. You want to start your own business? Oh, but most of them fail. You want to run an ultra-marathon? Do you know how many people don’t finish? You want to make enough money to retire in four years’ time? This is impossible. And so it goes about almost anything. You see, I may be an optimist but I’m not delusional; well, not usually, anyway. I know that some things are difficult to […] Read more »

13 Ways You Can Save Money On A Low Income

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save money low income limited income

I get a lot of questions from readers wanting to know how they can save money on a low income, so I thought I would write a post about some of the suggestions I’ve been giving out that can help you put money in the bank, even when you’re living on a limited income.  I’ve also included some great resources along with the suggestions that will help you get started putting money in the bank right now!   You Can Still Save Money On A Low Income When you’re living on a small income, it can be especially hard to […] Read more »

The Best Mystery Shop EVER

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I had heard about mystery shop jobs paying hundreds of dollars, but I had never seen one. Not until last week. I got into mystery shopping as a way to put a little extra breathing room into our budget while my wife and I fought our way through a debt management program paying off $109,000 of credit card debt. The average shop I pick up pays around $15. Nothing spectacular, but if I do three or four of them a month, the extra money is always appreciated. However, the low pay per job is one thing that prevents people from […] Read more »

Seven Boosters to Help Grow Your Income

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When was the last time you saw an upsurge in your income? I’m asking because I didn’t see any increase for years. I believed I’ve reached my earning peak and that was that. Until, we found ourselves in financial trouble. Then I realised three things: You can get far by making your money go further; You can get far by making more money; and You can get so much further by making more money and making your money go further. In fact, doing this you can go all the way to building serious wealth, and fast; be it by paying […] Read more »

Need to Make Extra Money? Try Freelancing

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Need to make some extra money?  Whether you need money to meet a savings goal, pay off some debt, or just make ends meet in tough times, freelancing is an excellent way to make money using skills you already have.   What is Freelancing So what is freelancing? Freelancing is simply hiring out your skills for use outside of your normal job. Once upon a time (in the prehistoric days before the internet) it could be much harder to make money freelancing because there were only so many people you could connect with who needed your skills and knew you […] Read more »

Cookies, A Robbery, and Wings: The Life Of A Mystery Shopper

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The concept of mystery shopping has been around for awhile. Mystery shoppers go into stores, posing as real customers, and then write up an evaluation of their experience in exchange for a small payment. I started mystery shopping a few years ago primarily as a way to earn a little extra cash. But over time, it has grown to be much more than that. Did you know that mystery shopping can be used to accomplish tasks you wouldn’t have normally? Did you know mystery shopping can help improve your marriage? Did you know it can even add some excitement to […] Read more »

This is Why Your Budget Isn’t Working

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  A few months ago, I wrote a few articles about how to budget.  But only recently, I realized that there was something I left out of those articles. I discovered that when I speak to people about their finances and how to make a budget, there is inevitable that person that tells me, “I tried to do a budget, but it just didn’t work for me”. When they express that to me, they seriously believe that doing a written budget just doesn’t work and that there has to be a better way of doing things.  But there is one […] Read more »

5 Killer Ways to Make Money, Even in This Economy

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Are you needing to make some extra jack because you’re having trouble making ends meet in this difficult economy?  If you’ve already cut expenses to the bone and done everything else you can to use what you have wisely, then here are a few tips you can use to make some extra money that you can do immediately that can help get your bills caught up, and start paying down that debt.  Some of these are just common sense and some you might not have ever thought about, but all of them can make you some extra money to get […] Read more »

Dealing With Student Loan Debt

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  If you have student loans from attending college (Let’s hope you don’t) and you’re a recent graduate, you might be a little concerned about how you’re going to get that student loan debt paid back. As college tuitions have risen over the years and starting salaries have remained flat or even gone down, it has become much more difficult for many people to meet those huge student loan obligations and get them paid off in a timely manner. Total student loan debt is now over $1 Trillion and even exceeds total credit card debt according to Allie Johnson at […] Read more »

The $100 Extra Income Challenge

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Happy New Year everyone! I hope you’ve already thought about what you want to accomplish in 2012 with your finances. Are you going to get out of debt in 2012? Regardless of what your financial goals are for this year I want to kick things off with a challenge. When it comes to managing money successfully people have more excuses than they have solutions. Whether it be saving for a rainy day, paying off debt or building retirement there’s always an excuse as to why we can’t do this or that. Usually those excuses have to do with income so […] Read more »