How to Make Extra Money Doing What You Love. What kind of impact would an extra $5,000, $10,000, or $20,000+ make for your family? For many already overworked and overscheduled families, this probably seems out of reach. But I want to tell you about an incredible movement of women who are stepping into their God-given gifts to make extra money doing what they love. These women sell handcrafted hair bows, tutor the neighbors’s kids, take wedding photos, write blogs online—you name it!
It may just be a small hobby they occasionally charge for, or it may eventually develop into a full-time company with team members. But today I want to focus on the first group, because I believe this is a fulfilling way for moms, wives, students and more to make progress toward their own financial goals. As evidenced by the ever-growing popularity of sites like Etsy and Pinterest, there are more and more women running a part-time business, or side business, in addition to their full-time responsibilities.
Local experts you can trust. Find an ELP. 3 Times Dave Said Sell the House ASAP! - daveramsey.com. For some homeowners the decision to sell their home is a no-brainer. Not only are they ready for a change, the real estate market and their finances are also in great shape. The only additional sign they need to make it official is the For Sale sign to stick in their front yard. Then there are those times when homeowners simply aren’t sure selling is the right move. It’s not surprising that Dave gets a lot of calls from these homeowners who just need some impartial advice to help them see past the little details they’re hung up on.
Take a look at these three cases where Dave told the callers it was time to sell, and see if any apply to you. You’re Not a Joyful Homeowner When Daniel from Salt Lake City called to get Dave’s advice about putting his home on the market, Dave noticed one important element of homeownership was missing from Daniel’s situation—joy! Daniel and his family were living in a home he described as livable, but in need of updating. Local experts you can trust. Find an ELP. 5 Ways To Raise A Saver, Not A Spender | Huffington Post. 32 Legitimate Ways to Make Money at Home - The Penny Hoarder. Disclosure: Some of the links in this post may be affiliate links. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. Listen – we all know the internet is full of work-from-home scams, so we’ve scoured through thousands of different ideas to find you 32 legitimate ways to make money at home.
These are all ideas that we’ve done before, so we know that they’re real and that you’ll get paid. Now, most of them aren’t as entertaining as the Grumpy Cat series, but you’re getting paid — so who cares? The videos are sponsored by brands who need to get them in front of as many eyeballs as possible. Once you watch enough videos to reach $10 (1,000 StationDollars), you can cash out for gift cards to Amazon, Best Buy and ton of other stores. It turns out that deleting your emails could be costing you serious money.
My new secret weapon is called Paribus — a tool that gets you money back for your online purchases. 4. 5. Try driving with Lyft! 6. 7. 8. How to Buy a Home That Makes You Money. From daveramsey.com on 25 Mar 2016 Did you ever see the ’80s classic The Money Pit? If so, you probably still have nightmares about the pitfalls of home ownership. And who can blame you? You spent years getting out of debt and finally have enough cash to cover emergencies and a down payment. You don’t want to see all that hard work crumble to ruins because of one (really big) bad investment. But you didn’t jump all those hoops for nothing. A home can be a great investment. 1. If you want your home to appreciate in value, think long and hard about the neighborhood you choose.
Beware of neighborhoods with For Sale signs dotting the street. 2. The whole “bigger is better” mentality drives many buying decisions these days. But don’t be afraid to go against the norm. For instance, let’s say the home you’re eyeing is the only one on the block without wood floors and granite countertops, and you have the cash to make those upgrades. 3. Just make sure the neglect doesn’t creep inward. 4. 5. 6. Zenni Optical | Affordable Rx Eyeglasses Online. Creating a Budget with a Personal Budget Spreadsheet (Download)
Start by dividing your net income into 2 broad spending categories: fixed expenses and variable expenses. Some of your expenses, such as your mortgage, are fixed because they stay the same each month. Other expenses, such as entertainment or gas for your car, are variables that change from month to month. For both fixed and variable expenses, you'll want to record how much you spend on each. You may consider using budget building software tools or a personal budget template to account for and categorize your monthly spending.
You may also want to divide your spending into 3 basic categories: needs, savings and wants. Needs include fixed and variable costs that are essential to your daily well-being. Fighting Fair: How to Have a Good Money Fight. From daveramsey.com on 11 Feb 2016 You know that feeling. Your face starts to flush. The hair on the back of your neck stands up. Your heart picks up a few extra beats. The family money talk that was supposed to keep everything in order for the month takes an unexpected turn, and now you’re at odds with the person you love the most—again. Budget battles can take all shapes and sizes. In marriage, effective budgeting means couples coming together each month for knee-to-knee budget meetings. Jump-start your conversations with the class that has helped more than 2.5 million families take control of their money! More communication is awesome.
So, since you can’t avoid occasional financial dust-ups, you might as well learn how to make the most of them. 1. You already know that men and women are different. Lesson 2 of Financial Peace University is dedicated entirely to this topic. 2. Hint: It’s not your spouse, so stop putting a target on his or her back. 3. 4. 5. M.A.S.H. Calculator: How Much Will My Lifestyle Cost? When it comes down to it, the way we spend our money is usually about the kind of lifestyle we want. Some people, if they had an extra $1,000, would put it toward a future home, others a dream vacation, others charity, and still others a well-made handbag. Each of these choices says something about how the respective chooser wants to live her life, but we have no judgment about any of the picks: Since we’re talking about an “extra” $1,000, we’re assuming she’s made her monthly contribution to the big three financial priorities–retirement, savings and debt payments–plus paid all her monthly essential expenses, like rent/mortgage, transportation, etc.
So, back to our original statement: If each shopping choice we make is a statement about the kind of lifestyle we want, what if we determined what lifestyle we want first, then tallied up its cost, and finally figured out how much money we would need to earn accomplish it? Of course, the calculator can only give you a ballpark estimate. 1. How to Keep 3 Common Home Repairs From Busting Your Budget.
From daveramsey.com on 20 Sep 2015 If you’re in the market for a new home, you’ve probably dotted your i’s and crossed your t’s when it comes to gathering up cash to cover your down payment and adjusting your budget to account for a monthly mortgage payment. But one aspect of home ownership that often falls through the financial cracks is the cost of maintenance and repair. Experts estimate that homeowners spend between 1–4% of their home’s value on maintenance and repair annually.
For a $200,000 property, that translates into $2,000–8,000 on average every year. Nothing cramps your homeowner style worse than an unexpected visit from Murphy. If it can go wrong, it will—and it always seems to come when you’re least prepared. Let’s explore an example of three common Murphy visits and the one-two punch that can keep home repairs from busting your budget. Murphy Visit #1: Busted Water Heater Henry and Hattie Homeowner just bought a 10-year-old home with dreams of living happily ever after.
Are Mutual Fund Fees Destroying My Retirement? From daveramsey.com on 16 Sep 2015 Mutual fund fees are a confusing yet inevitable part of retirement investing. Fees ultimately reduce the amount you’re able to save for retirement, so some people build their entire investing philosophy around avoiding them at all costs. Maybe you’ve heard their advice: You’ll never make money if you pay a commission to invest in mutual funds! Always choose passive investing strategies like index funds and exchange traded funds so you can avoid ridiculous mutual fund sales charges. But no matter how you invest for retirement—mutual funds, single stocks, bonds, real estate—there’s a cost to do business.
Clear the Cobwebs With Some Simple Math That sounds easy, but in all honesty, understanding mutual fund fees is tricky. Let’s say, for example, you invest in a fund that earns 10% in the first 12 months you own it. In this situation, even though the fund earns a gross return of 10%, your net return—the amount actually credited to your account—is only 4%. Lending Money to Family - Borrowing Money from Family. Your Age, Your Money: How to Spend, Save and Invest Right Now. From daveramsey.com on 31 Jul 2015 We say it all the time around here: Anyone can retire a millionaire. It simply takes discipline and attention to a few common-sense concepts like living on a budget, paying down debt, and saving like crazy.
But what does that specifically look like in your 20s, 40s or even 60s? Here’s our list of the best money moves to make at every age. And if you feel a little behind in the game, use it as fuel to work harder and smarter to get to where you want to be. 20s — Build a Solid Foundation Newly married or about to be? Related: Rachel Cruze Explains the Words That Will Change the Way You Shop 30s — Shift to a Family Focus If you’re having kids soon, rework your budget for diapers, daycare, cribs and car seats. Related: 3 Ways Managing Money Changes in Your 30s 40s — Shovel the Savings You’re at the top of your career, and your kids are finally out of daycare (or at least out of diapers). Retirement isn’t an age . . . 50s — Look Forward But Stay Focused. De-Clutter Your Financial Documents – Money Advice.
It can be nerve-wracking to throw out financial documents, but you may be keeping more than you need. Our friends at DailyWorth have the details on how long to keep important documents. If you haven’t already opted to go paperless, you might be swimming in a flood of receipts, bills, pay stubs, tax forms, and other financial documents. But it doesn’t have to be that way. Some of those papers need to be kept, but others can be shredded and tossed. Here’s a guide on what to keep and for how long: Receipts Receipts for anything you might itemize on your tax return should be kept for three years with your tax records. Home improvement records Hold onto these for at least three years after the due date of the tax return that includes the income or loss on the home when it’s sold. Medical bills Keep receipts for medical expenses for one year, as your insurance company may request proof of a doctor visit or other verification of medical claims.
Photo: Utamaru Kido/Getty. Lending Club | Start Investing. Investments in Lending Club Notes can provide: Low Volatility Monthly Cash Flow Solid Returns Historical Returns by Grade A–C of 5.06% – 8.74%1 Solid Returns Lending Club Notes have Historical Returns by Grade A–C of 5.06% to 8.74% 1. You can choose the grade or grades that fit your investment goals. Monthly Cash Flow. Investors receive monthly cash payments of principal and interest. What are Prime Consumer Notes? Prime Consumer Notes are fixed-income investments that generate monthly cash flow in the form of payments of principal and interest. Quality Borrowers. We approve fewer than 10% of all loan applicants, based on stringent credit criteria designed to focus on the most creditworthy borrowers.
As of March 31, 2015, the average Lending Club borrower shows the following characteristics: 699 FICO score 17.5% debt-to-income ratio (excluding mortgage) 16.1 years of credit history $73,619 personal income (top 10% of US population) 2 Average Loan Size: $14,448 Choose the right account for you. Why It’s Okay to Enjoy Wealth - daveramsey.com. From daveramsey.com on 14 May 2015 What does spiritual maturity look like? Here’s a clue: Spiritually mature people don’t credit their success to themselves or to their work ethic, and their lives don’t revolve around the pursuit of wealth.
Dave’s new book, The Legacy Journey, answers that question, as well as others on issues of family legacy, generosity, and how God wants you to use His blessings for His glory. So, how do spiritually mature people view wealth? Here’s Dave’s answer, in an excerpt from The Legacy Journey. Much of the toxic teaching about wealth is the result of spiritual immaturity. The fifth and sixth chapters of Ecclesiastes contain some of the hardest, most sobering teachings about wealth in all of Scripture. Now, because I told you to always keep the broader biblical context in mind, let’s look at Ecclesiastes for a minute.
He spends most of chapter 5 warning us about the dangers of wealth and greed, which some use to support the “wealth is evil” belief. How Teens Can Become Millionaires. From daveramsey.com on 12 Mar 2010 As you approach adulthood and start to think about your future, are you really ready to be financially responsible for yourself? If you answered no, you’re not alone. The Jump$tart Coalition administered a basic financial literacy test to high school seniors, and less than half of the students correctly answered the questions. Another study found that over 75% of college students believe they are not ready to make smart financial decisions for themselves. Pretty scary, isn’t it? If you think about it, most of your friends probably don’t know how to balance a checkbook.
In fact, very few teens actually have a savings account or know what long-term investing means. A 2009 Capital One survey discovered that 50% of teens wished they knew more about personal finances. A Millionaire’s Best Friend One awesome thing that you can take advantage of is compound interest. Ben and Arthur were friends who grew up together. What You Can Do Now. How One Couple Climbed Out Of Debt And Became Millionaires In Their 30s.