Keys to Security in Your Retirement

Retired couple

In your early thirties you may not put stock in your retirement. However, it’s exactly at this young age that planning for your retirement can result in achieving personal wealth. Listed below are several tips for remaining financially stable in your golden years. 

A Second Career

Many people take on part-time work in areas of interest alongside working full time for an employer. Part-time jobs that pay well include real estate investing, personal instructors, tutors, accountants, physical and massage therapists, and freelance writers. Any one of them will provide additional income that you can use to supplement your retirement. If you choose to flip homes, companies like Lantman lending hard money lenders can help secure the necessary funds. 

Become Debt Free

The word debt-free may seem unrealistic, especially if you currently owe out tens of thousands of dollars to multiple sources. Thankfully, living debt-free is something you can achieve. Making changes in your lifestyle, like using cash instead of credit, refraining from frivolous spending, and shopping smart, will all help you reduce debt now and in the future. Creating and using a household budget will make you aware of poor spending habits, allowing you to change them. 

Going Green

Buying and using only what you need helps reduce waste and costs. It’s a concept that those who practice green living adopt. Replacing traditional light bulbs with long-lasting LEDs, taking shorter showers, turning off lights when not needed, and hang drying laundry, will all help to reduce your carbon footprint and lower home costs. Installing solar panels and replacing a gasoline-powered vehicle with a hybrid or completely electric car will further enhance your results. If the latter is not an option, taking public transportation or riding a bike instead of driving your vehicle will offer similar results. 

An active retiree

Maintain a High Credit Score

Having an excellent credit score will allow you to obtain the lowest interest rates on a mortgage, auto loan, and credit cards. A high credit score also eliminates security deposits for utilities, improves your buying power, and makes it easy to borrow money when needed. Finding the best rates on cell phones and auto insurance, and maybe even a better job, are a few other advantages to maintaining a good credit score. 

Retirement Funds

Many companies offer participation in a 401k after a period of 90 days. Most of these same employers match your investment up to 3%, doubling your contribution. If you work less than 40 hours or your employer doesn’t provide these benefits, you can take out a personal 401k or a Roth IRA. Both will help you build wealth in your golden years for a small weekly deposit. 

Maintain Your Home

If you currently own a home, there’s no guarantee that you will make money selling it when you retire. However, while this is true, and the market helps determine the outcome, maintaining the home will offer a better chance at a profit. Repairing the roof and plumbing, updating appliances, having a pest inspection, and replacing older doors and windows are a few examples that can improve the value of your home. 

A Financial Planner

A financial planner isn’t only for the wealthy. Anyone who works full-time and wants to retire in comfort should have someone to help them with investments and savings. Advisors know through experience and training what works for different circumstances. They take into account your annual earnings and advise on spending and the best ways to establish savings.

Save Where Possible

Shopping after the holidays, moving mid-week, and using coupons when available are a few ways to save money on the things you need daily. Canceling cable television, switching to Hulu or Netflix, and bundling services like insurance, offer more ways to stretch your money. 

Now, while you’re young, is the perfect time to start planning for your retirement. With roughly 30 years in front of you, you can make meaningful choices that provide financial wealth in your golden years.

Credit Card Debt, Student Loans, and Homeownership: My Goals For Sustainability in 2021

Brice Capital

Although the pandemic knocked me off track a bit, this year, I plan to continue with my efforts to live a more sustainable life. As I became consciously aware of the human impact on the environment, I was encouraged to reduce my carbon footprint. I wanted to do more to conserve natural resources and save the planet. Upon further research, I concluded that this started with my finances. 

Not So Sustainable Household

I was presently living with my parents, whose practices were far from environmentally-friendly. Despite my best efforts to make changes around the house, it barely made an impact. For every bottle, jar, or can I recycled, they threw ten times that in the trash. I’d turn off a light in the house, and my parents would turn on five. Not to mention, I was so far away from my job that I had to take two buses and a cab to get to work. 

Homeownership

As much as I loved my parents, I knew it was time to get a place of my own. I had some money saved up and figured it was best to buy a house. After carefully reviewing my finances, I realized that my debt was out of control. Between student loans and credit cards, my debt to income ratio and credit utilization percentages were so high that it impacted my credit score. Essentially, if I was going to become a homeowner and live a more sustainable lifestyle, I had to get my finances in order. 

Debt Consolidation

My credit cards had high balances and high-interest rates, which made them difficult to manage. If I was ever going to get them under control, I needed a viable solution. So, I visited BriceCapital.com for credit card debt relief. They offered low-interest rate loans to eligible applicants. The loan would enable you to pay off all your credit cards, leaving you with one affordable monthly payment to manage. The representative from Brice Capital assisted me in finding the best consolidation loan and repayment plan. It saved me a lot of money and helped me get on track with my credit card debt. 

Tackling Student Loans

The only other significant debt I had on my credit report was student loans. I’d deferred them for years creating higher balances and interest rates through the roof. I figured if Brice Capital helped me get my credit card debt in order, there had to be a similar solution for my student loans. So, I found an agency that allowed me to consolidate my student loans and essentially save more money. 

On The Right Track

It’s only been a few months since I consolidated my credit card and student loan debt, but I’ve already seen a difference. My debt to income ratio and credit utilization rates improved, causing my credit score to improve. I took the money I saved by working with Brice Capital and put it into an account to ante up the money I needed for a down payment on my new home. As long as I continue to be a responsible borrower, I should be able to start looking for a home in no time. 

Light At The End Of The Tunnel

I’ve started looking at the available properties within my price range just to see what was out there. Wanting to live a more sustainable life, I wanted to look for a place close to my job. That way, I could park my car and walk to conserve gas and help the environment. Believe it or not, I found several starter homes in neighborhoods with high walkability rates. They were also in communities that were dedicated to sustainability, which was a plus. 

Living a sustainable lifestyle isn’t easy when you live with others that don’t support the cause. As much as I adore my parents, embarking on my journey towards homeownership would enable me to reduce my carbon footprint. Brice Capital and other debt reduction opportunities allowed me to improve my finances and boost my savings to afford a home and lifestyle of my choice. 

A Guide to Find Reliable Gold Bullion Dealers Online

Purchasing bullion is a convenient way of investing in gold. They are typically available in bars, coins, or ingots and are easy to store. Moreover, the metal is considered as a safe haven by many investors. 

Investing is no longer a tedious task in these evolving times. Online stores are eventually replacing physical stores. You can experience a seamless and enjoyable buying experience by browsing through sites like goldstackers.com.au

The process of selecting one out of many numerous dealers may get overwhelming at times. There are a few things to be aware of while transacting with online dealers. To ensure an authentic and trouble-free operation, we present a guide for finding a reliable gold bullion dealer online. 

Understand the Dealer Profile

A reputed dealer typically has substantial years of industry experience. An extensive presence in the market enables the dealers to establish their brand, identity, and goodwill. Being an active participant keeps them aware of the changing dynamism of the industry. They are able to provide good quality products and services.

The involvement of the subsequent generations in the business is indicative of the dealer’s strong business model. Thus you get a fairly good idea about the strengths and operations from the business profile and background.   

Easy to Contact

While it is true that online purchasing is far more convenient than visiting the store in person, reputed online dealers typically have a physical office. This makes the existence of the dealer more substantial and increases the confidence of the buyer. Moreover, apart from online support, these dealers offer offline support as well.

For getting concerns and queries resolved, it is comfortable to talk to the customer support team instead of having long chats. Hence you must figure out the contact credentials of the dealer before sealing the deal.  

Feedback and Reviews

It is essential to get feedback and reviews on the dealer. In the world of social media, you can quickly get tons of reviews online. Going through multiple feedback aids in gauging the business etiquette of the dealer. It also helps in having fairly rough statistics on the number of transactions closed and the quantum of satisfied and disgruntled customers. Availing a few primary feedback from other investors who have dealt with the dealer authenticates online reviews.

The Delivery

Don’t consider the purchase complete until the product gets delivered. Well-known dealers have a proven track record of successful and timely deliveries. They typically assist with multiple delivery options. In case you choose to receive the product at your home, you should be provided with a mechanism to receive real-time updates on the order’s movement.

Alternatively, you can also collect the bullion in person at the physical store after presenting the valid identity and purchase proofs. The dealers may also extend the option of delivering the bullion to a renowned vault for safe storage. 

Whether a first-time purchaser or a frequent online buyer, it is important to follow the above guidelines before each transaction. Considering the above guide, you may like to embark on the journey of online purchasing, which is just a click away.

Considering Going Freelance? Here’s How

So, you’ve decided to become a freelancer. You’ve considered your options and maybe gotten a few vital contacts. Freelancing is an excellent way to work on your terms. You can offer your services to multiple employers and refine your sellable skills. Best of all, you get to set your hours!

Whether you’re a painter, writer, web developer, or a photographer – there are projects for you!

What is your plan? Side hustle freelancing? Full-time freelancing? Regardless of your choice, you’ll need to prepare yourself for the journey ahead.

Here are six strategies to guide you.

4 Crucial Points to Consider Before Becoming a Freelancer

1. Understand Your Motivations

Before starting out, you must come to terms with your motivations. Be honest with yourself before committing to comprehensive business plans. Ask yourself why you want to go freelance? Is it to run your own business? To harness your talent or passion? Consider the amount of effort and time you can contribute. Are you quitting your day job?

You need answers to prepare you for the commitment of starting your freelance career.

2. Find a platform

Many freelancers find gigs/projects on freelancing websites. Social media outlets and word-of-mouth references are the other excellent source of jobs.

Freelance websites are the preferred choice because of easy access to a large customer base.  In addition, many sites have user agreements/policies to protect buyers and freelancers.

3. Create a Pricing Plan

Creating a pricing plan is among the most important decisions you must make. It’s best you decide how much you’ll charge your clients early on. Will you bill them per hour? Will it be a flat rate? Or do you prefer project quotes? Make a choice and make sure you stick to it. Consistency is the staple of a prosperous enterprise.

After choosing your pricing system, start considering your service charges. One effective strategy is to research the industry average for your profession. Use online tools like Salary Search and Glassdoor to find the information you need.

4. Create a Portfolio

Regardless of how convincing your profile is, potential customers must see proof of your abilities. Without concrete proof of previous works, clients will be reluctant to engage your services. While you’re creating your profile, provide a detailed and creative portfolio that shows your abilities and experience. What better way to prove to clients that you can create them something great than to literally show them your work?

Are You Ready to Try It?

With this information in your arsenal, you’re probably itching to get started. Despite how simple it sounds; freelancing is anything but easy. It’s nothing like your regular 9-5 job. The benefits are many, but you need a sound strategy to enjoy them.

Remember, you must be ready to stay the course. Prepare yourself for the inevitable learning curve. You might not get excellent results from the beginning. There will be setbacks, and you must work hard to hit your targets.

Despite this, you must remain dogged and professional. The satisfaction of your clients and customers should be your top priority. It won’t be easy, but with the right attitude, it’ll be rewarding.

Tradeline Myths Debunked

Most people enjoy the finer things in life and want more of them. Some are able to afford things and some just can’t. Usually consumers need credit to make big purchases like cars, homes, vacations, etc. The more responsible you are with your money, the better credit you have, and therefore the larger credit limits and lower interest rates. When you have bad credit it is hard to catch a break. 

One thing you can do to improve your credit score is buying tradelines. It is an involved system but it basically is when you purchase someone else’s good credit history. A tradeline is a line item or credit account that is reflected on a credit report. If you are added to someone’s tradeline as an authorized user then this will in turn show up on your credit report. By showing up on your credit report, it helps your score. This legal method of improving your credit has some myths associated with it which we would like to explore.

There are many people who may try to deter you from this form of improving your credit by using some of the myths below. We are here to bring you the facts.

Buying tradelines is NOT illegal. 

Some may say that buying tradelines is illegal, but it isn’t. FICO did try to ban it and therefore make it illegal in 2008 but were unsuccessful. The reason they were not successful is that they found it violated the Equal Credit Opportunity Act. This particular law was created to protect consumers from credit discrimination. 

Tradelines from Early Years do help

No matter what age you were at a tradeline, it is best to include on your credit report. Adding credit history is a positive for your credit no matter what age. Those that say only purchase a valid tradeline after you turned 18 are incorrect as a tradeline has the same result as if you were prior to 18 as it does after you were 18.

Tradelines are not a short term fix

It is a fact that tradelines can only show an open account for two reporting cycles. It will be shown as a closed account after, however, it is still added to your credit history and will therefore boost your score. 

Tradelines are affordable

Tradelines can be found for a range of prices to meet everyone’s needs. From the wealthy to the financially challenged.

Authorized user accounts have more pull

The ultimate goal for a person’s credit is establish a tradeline and new account of your own. This isn’t always possible. It is also not always true that a new form of credit is more effective in helping your score. Sometimes the history and higher credit limit could help boost your credit score more than a newer (less history) and lower credit limit.

Hopefully by debunking common myths about the tradeline industry can help you evaluate if this method is right and effective for you. It is best to always get an opinion from an industry professional as well.  One recommendation for quality service is coast tradelines.

5 Ways to Make Money on the Side after Lockdown

The emergence of the COVID-19 pandemic has shattered the lives of many. With it, people lost their jobs and sources of livelihood. Confined to their homes, one can’t help but feel trapped, helpless, and anxious. As the bills keep piling, we are constantly faced with the threat of coping with the over cumbering stress of dealing with it all.

However, despite the way things are, you can still earn a decent amount of money from your home. In today’s article, we give you five essential ways to acquire money after the lockdown.

1. Online Tutoring and Coaching

There are many vacancies in the educational sector due to the lockdown of schools and educational institutions worldwide. High demand for capable individuals is required to fill in the roles of teachers and lecturers.

Furthermore, many parents will seek the help of trained professionals to tutor their children after the lockdown. Online tutoring is a lucrative opportunity, and one of the many ways to make money from your hobby at home.

All you require is a stable Wi-Fi connection and a webcam to host video sessions on zoom. Online platforms and freelance sites are great ways of getting into the job market and making a decent money.

2. Proofreading

Do you enjoy spending time reading novels? If your grammar is impeccable or merely functional, consider pursuing a career in proofreading. Many publishers are willing to pay top dollar on edits simply because they don’t have the time to run through corrections. On average, you can earn up to $15 per hour and more, depending on your employment.

A good internet connection and a word processor/editor are all you need to get started at the comfort of your home.

3. Blogging

With the rise of Instagram, celebrities, influencers, and YouTubers, making a living on the internet is quite a popular trend. Even with entry-level skills, you too can start earning money from your website.

Blogging entails running your domain and writing exciting content to drive in traffic and convert them into followers. Advertisement systems such as Google AdSense pay bloggers with a decent amount of following daily passive income. Blogs ranging from 5,000 to 30,000 views a day can easily make up to $20 – $120, or more.

You can increase your income using affiliate links from programs such as Amazon affiliate, and earn commissions by advertising their products on your site. This passive income field is quite sustaining; the overall estimates of affiliate market revenue are bound to shoot up to $8.2 billion in the coming two years. 

4. Rent Your Car

With all that’s happening right now, driving is the last thing on your mind. Instead, you can consider leasing out your car to workers and health care practitioners who require a vehicle. You can easily post your vehicle online and have people reach out to you from the comfort of your home.

If that’s not enough, you can decide to lend your vehicle as an Uber and get paid daily. For this, you will need to have the required paperwork, such as PSV insurance, license, car check-up diagnostics, and road testing certifications.

5. Playing Video Games

For some, the years of playing World of Warcraft are finally beginning to pay off. The emergence of lockdown protocols has brought about a superb opportunity to lounge around and pass the time gaming.

Nowadays, video games have turned into a multi-billion franchise with the development of E-sports and grand tournaments. Games like Fortnite, PUBG, Overwatch, Call of Duty warzone, to name a few are topping the charts in popular online games. To get started, all you would need is a

  • Fast internet connection with low ping
  • Screen recording software
  • A microphone
  • Headphones
  • Console or gaming pc.

Set up a Twitch and YouTube account and frequently post your gaming content. As you progress in numbers, more and more followers begin to subscribe to your channel and will even donate money. YouTube analytics is an excellent way to keep track of your traffic. Similar to blogs, the more views you get, the more you can earn passively.

In Summary

While coronavirus has placed an enormous standstill in everyone’s lives, you can still support yourself and earn money. Our five tips will equip you with the knowledge to help you to make money after this period of lockdown.

Can You Practice Green Investing as a Currency Trader?

As a Forex trader, your goal is to make money off of exchange rates and different types of money-related markets. For many people, not only do they want to be able to make returns off of this particular endeavor, but they want to take a green approach to their work as well. Understanding how to correlate your eco-friendly goals with your Forex transactions is an important part of building your portfolio.

What is Green Investing?

Green investing simply means that you have a focus on companies that either support or provide eco-friendly and sustainable services. For example, the company might base itself in organic farming, or it might be a company that has taken hundreds of measures to reduce their impact on the local environment. Another great example of green investing is choosing to buy stock in a solar panel manufacturer or an electric hybrid car company. It may take a bit of research on your part to figure out which companies and areas are practicing these environmentally-friendly methods so that you can make smarter decisions.

Is It Possible with Forex?

As a Forex exchanger, your goal is to buy and sell currency as it changes in value. This is one of the most popular options available, and it is why so many people have gotten involved in the monetary market to date. Rather than purchasing individual stocks, online Forex trading can be done as a way to avoid severe fluctuations in the market on any given day. If you’d like to become a green investor, this is definitely possible when dealing with monetary markets. It simply takes a bit of research to figure out which currencies to buy and trade that align with your goals.

How Can It Be Done?

There are several ways for you to take your love for the environment and blend it into your Forex trading. First, you’ll want to buy, sell or exchange currencies that are specific to countries that are more environmentally-friendly. These countries may be adopting sustainable practices, so you’ll be supporting their efforts by investing into their currency. Likewise, you can take the funds that you make off of your investments to put back into eco-friendly companies and sustainable manufacturers.

What You Need to Get Started

The first step is to find a Forex platform that works for you. Before choosing the company you’ll be using to do your trading, it’s a smart idea to see what efforts they are taking to lower their impact on the environment. Choosing an eco-friendlier platform will help you to achieve your goals of becoming a green investor. You will then need to create a portfolio for yourself to get started. Your next step is to buy and exchange currencies in order to start seeing a monetary return. While actively working, it’s a smart idea to continue to familiarize yourself with different currencies and countries. This will allow you to avoid investing in countries that are not practicing environmental conservation so that you can focus all of your efforts on ones that do.