Menu

Tax Blog

How to make some extra money to help reach financial goals

We all have certain financial goals that should be achieved in 1, 5 or 10 years. However, this will require hard work and sacrificing take home pay. You may find a second source of income to reach your financial goals quicker. If you want to make some good money online, you need to have commitment and be open to new income opportunities. Generate some extra income Generating some extra income can be a great idea, but you do need to see what options work best for you. It all comes down to you to see how much you want to dedicate to each opportunity. Rest assured, there are many ways to earn additional income, either online or offline. You just have to find the right one that suits your needs! • MLM, also known as multi level marketing allows you to learn how to sell items and generate a side…
Read more...

Compound Interest

Miracle of compounding interest that makes you wealthy With the current state of the global economy, many baby boomers are trying to impart knowledge to millennials of investing to fund their retirement now instead of waiting until they are more financially stable. What’s the urgency? Why does it matter when I start to invest or how much I invest? The answer to that is simple: compound interest. “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”-Albert Einstein. Let’s start with an example. If I give you a penny and every day your investment earns 100%, in other words, your principal doubled; one cent, two cents, four cents, eight cents, etc., every day for a single month, how much money would you have at the end of the month? One million dollars? Two million? More! The total would…
Read more...

Budget

What is the home budget and how can you optimize it? The home budget consists of all the money received in a household.  To start, a budget will help you see how much money comes in and where it all goes.  A good home budget allows you to plan savings for those bad days that might appear in the future.  Also, a budget allows you to make financial decisions faster and with better accuracy.  The idea is to have a good method that helps you optimize the home budget, which will offer you control over your expenses. How can you create a home budget? In order to create your home budget, you need to understand two things:  1)What is your income? and, 2) How much do you spend?  Once you have these two nailed down, you will need to strike a balance between them.  Preferably, you will spend a lot…
Read more...

Setting up one year, two-year and 5-year goals

One of the most important things in life is to always have a goal and commit to it. Goals allow us to stay focused on an idea, helping you get the best results. In this article we are going to show you how to set up goals for the short, (1 year and 2 years), and long term, (5 years). The process will be similar for each time period; however you need to note that for 1 or 2-year goals you should opt for simpler goals that will help you achieve your long term goals. Identify the meaningful long term goals This is where you need to align your values and dreams as that’s how you can get a good insight into what you want. Usually, the short term goals for 1-2 years would be to finish college and either move onward with your studies or just find work based…
Read more...
Subscribe to this RSS feed

Log In

Forgot your password? / Forgot your username?