There is a lot of chatter in the personal finance world about passive income. What is it and why is it such a topic of conversation? We all need more than one income source but there are only so many hours in a day to work. Here are passive income ideas to make money while you sleep.
Maybe you are rich. Maybe you are poor. Maybe you have experienced being both at some point in your life. If you haven’t figured it out yet, being rich isn’t all about money. It’s about well-being, abundance, having time, success, and mindset. There are definitely social issues that contribute to poverty, however, rich vs poor mindsets and habits can also drive wealth and success.
Net worth is a useful tool to gauge your overall financial picture. We have good data in America for average net worth by age. See how you stack up and because LMM listeners are not average, what your net worth by age should be.
We’re big fans of Vanguard, but admittedly, it’s a bit more complicated than using a Robo Advisor. In this article, we break down what we think are the 8 best Vanguard funds, balancing both performance and cost.
Not all of us make six figures so paying off debt can be tough. But it’s not impossible. It took time to acquire debt, and it will take some time to pay it off. It’s time to make a plan, make some sacrifices, make extra money to destroy that debt. We will show you can get out of debt fast even on a low income.
A 401k is a retirement investment account. It’s the first foray into investing for many of us and is an important part of your overall portfolio. We’ll break down how much to contribute to your 401k retirement account based on your age.
You need to invest your money. It simply doesn’t make sense not to. Even if you only invest 5% of your money, it would still be worth it. This is your investing for beginners 101 cheat sheet. We explain the basics of simple investing and aim to inspire the proper mindset you need to succeed.
Quick! Can you come up with $100? Some of you have that in your couch cushions, but for those who don’t, here are 132 ways to make $100.
I’ll admit, I’ve been obsessed with rental properties for a few months now. There is so much to think about and consider with turnkey real estate investing. But we found a game changer. In our Roofstock review, we discuss buying turnkey rental properties and have a great chat with CEO Gary Beasley.
So you are finally ready to go forward with buying a house, the largest purchase you will probably ever make. You need a place to live and you are tired of “throwing your money away” each month to your landlord. Your home purchase will make a great investment, right? That depends.
If you’re looking to work from home, there are seemingly dozens of choices. These are legitimate work from home jobs so you can start working from your couch.
The two most expensive things in life are taxes and interest, and we want to avoid both. One of the best ways to avoid taxes is by starting a business. Today we will discuss LLC vs S Corp and the amazing tax benefits of having a business.
It goes without saying that real estate is both an important part of our wealth building strategy and something that we’re particularly interested in. When it comes to real estate, breakaway success is often found at scale and Fundrise’s goal is to scratch that itch. Does the Fundrise platform stand up to the hype?
A few months ago we did a podcast on burnout and it resonated with many of you. Because it seems to be an epidemic, we wanted to delve a little further.
There are a lot of personal finance terms that are thrown around that many of us don’t really understand so when we hear them, we just nod and smile. But LMM is all about education so we’re going to devote this episode to understanding financial bubbles.
Your 401k is meant to fund your retirement. But you can withdraw money from it earlier. Is borrowing against your 401K ever a good idea?
So, you’ve got your debt under control and you want to know what’s next? That’s great because investing is where real wealth is built.
One of the best ways to make a little extra money on the side is to embrace the growing gig economy, and take on a side hustle or two. These quick money makers and side hustle ideas don’t require considerable skills, resources or knowledge—but they can pay off big time in the long run.
We’ve had more than a few self-made millionaires on Listen Money Matters. They did it and you can too. Let’s see what we can learn from self-made millionaires on how to make a million dollars.
Competition is heating up among the Robo-Advisors. If you’re looking to invest in the right service, it’s getting hard to tell where you should put your money. I’ve used Acorns, Betterment and Wealthfront extensively and going to break down each of the services and let you know who deserves your investment.
I’m obsessed with thrift stores. Walking through one is like exploring a magical treasure trove. You never know what you’re going to find thrifting.
Want to make a little money on the side? Like to hunt for good deals? You can use that old chestnut of ‘buy low sell high’ to your advantage. A ton of people make money selling on Amazon and eBay using retail arbitrage. If you want to learn how to make money selling on Amazon we’ll teach you how to get started with retail arbitrage.
This is the first in a four-part series explaining how to buy an investment property, teach you to generate passive income and how to be a landlord.
What exactly are dividends and how do they work? When you invest in a company you get paid a portion of a company’s profits as a way to compensate you for your investment. These payments are called dividends and they are a form of passive income.