Learn how to pay off debt and invest in index funds
Signed in as:
filler@godaddy.com
Learn how to pay off debt and invest in index funds
Signed in as:
filler@godaddy.com
There are opportunities everywhere.
You most likely won't find your dream job immediately, but finding a full-time job is necessary at the beginning.
We all start somewhere.
My first job after I graduated from college was factory labor.
A job is better than no job.
If your current job doesn't pay much, take time to find another career path.
Use the Internet and your network to understand higher-paid career fields.
1. Find something you're interested in.
2. Determine what education you need.
3. Figure out how to pay for this education.
4. Take actions to become qualified in this new career.
5. Continue working at your current job while gaining these skills.
A part-time job can be a great addition to your full-time salary.
I worked part-time at a retail store in addition to my full-time job when I first started getting serious about my money.
This isn't a long-term commitment.
This is additional income which gives you the momentum and confidence boost to take control of your money.
A side hustle is a business you start and own.
You become a creator, providing services or products to others.
A side hustle can take time to grow and usually requires investment,
but has a lot of potential for long-term earnings.
If you have bad debt, a part-time job is the better option.
Because a side hustle costs money to start,
it's better to create when you have little or no bad debt.
Real estate is an awesome asset for creating passive income and wealth.
Renting is a great way to generate monthly income.
Here are a few rules if you're new to real estate:
1. Do your research.
2. Find a great real estate agent.
3. Do due diligence on property managers.
4. Realize real estate is a hands-on investment.
Real estate also appreciates over time, which is an additional benefit.
Stocks, mutual funds, and ETF's are a hands-off way to make more.
1. Dividends are provided by many companies.
Look up historical dividends to know which stocks to buy.
2. Appreciation in stock investments.
Index funds are the most hands-off investment.
Again, research historical returns to choose your funds.
Only invest money you will not need
Stocks, mutual funds, and ETF's are a hands-off way to make more.
1. Dividends are provided by many companies.
Look up historical dividends to know which stocks to buy.
2. Appreciation in stock investments.
Index funds are the most hands-off investment.
Again, research historical returns to choose your funds.
Only invest money you will not need for at least 3 years.
The market is volatile, but has proven to be great over the long-run.
Interest in the following may be lower, but in most cases,
there is no risk of losing your investment.
1. Certificate of Deposit
2. Savings Account
3. I-Bonds (inflation bonds)
4. Municipal Bonds
Copyright © 2024 Win With Your Money - All Rights Reserved.
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.