Flipping furniture can be a great way to make extra cash on the side. With some work on your side, you can easily enhance the value of a piece of furniture and sell it for a profit. Let’s take a look at what is involved and go over some tips to make more money when doing furniture flips. Adding value When doing a flip, you need to add value to the item you are selling. The more value you add, the higher the profit margin. The easiest and least time intensive way to add value to a product is to buy something that is priced to sell and then put it back on onto the marketplace at a higher price ..read more

Introduction I want to congratulate you on taking this savings challenge. By taking action on this, you have already done more than most people will in their life. According to Entrepreneur, two thirds of all Americans are living paycheck to paycheck. I used to always have money troubles. I would have a temporary relief when I made more money or got a raise, but I would always end up back where I started. The truth is that you cannot take control of your finances until you master savings (aka living below your means). There is always a bigger TV, a more expensive card and a bigger house to spe ..read more

With telecommuting at an all-time high, the option to relocate has never been more realistic. Moving to an inexpensive state, and at the same time keeping your expensive salary, is certainly an appealing proposition. The savings of living in a cheaper state could add up to tens of thousands of dollars each year. We have ranked the best states to save money across a number of categories such as housing costs, cost of living, average income, income tax and more. The results are actually somewhat surprising and some of the states that looked like they might be a good deal, may not be as good as t ..read more

The human body needs a certain number of calories each day. If you are trying to save money on groceries, it makes the most sense to eat the foods that provide you the most calories for the least amount of money. When trying to save money on groceries, I used to focus on coupons and finding the stores that sold the foods I was buying for less. When I switched to eating foods that provide calories at the cheapest cost, it was a game changer. My grocery bill got chopped in half, and I don’t even use coupons anymore. We created a list of the 150 most popular foods people buy at the grocery store ..read more

What if you made $40,000 a year and wanted to quit your job? You could save $1,000,000 and then withdraw 4% per year from your investments, to match your old salary. However, one million dollars is a lot of money for most people to save. What if you could get an 11.91% return on your investment? Then you could get by with just $335,852 saved. That sounds a lot more attainable, doesn’t it? Is it really possible? Let’s take a look at 3 unconventional ETFs that use options to increase yield: QYLD with a yield of 11.91% JEPI with a yield of 8.10% NUSI with a yield of 7.80% Symbol Name ..read more

Categorizing items You want to categorize and subcategorize your budget items. For the categories, the key is not to make them too narrow or too broad. If they are too broad then you are not going to be able to see where your money is going, because everything is in one bucket. If the categories are too narrow, then they will be harder to maintain, and it’s hard to see where the majority of your money is going to. Here are some example categories and subcategories: Food Groceries Restaurants Coffee Alcohol Car Gas Auto insurance Repairs Registration Insurance Car wash and detailing K ..read more

Using a Roth IRA with your emergency fund can have many benefits. This is especially true if you are not currently contributing to your Roth IRA. However, it’s not for everyone. Read on to find out if it’s the right solution for you, and what benefits you can realize by using this strategy. The basics What is a Roth IRA A Roth IRA is a type of IRA that allows you to contribute post tax dollars, and then invest that money tax-free. If you receive dividends or sell stocks, while the money resides in the Roth IRA then you will not get hit with capital gains tax and the money can grow much faster ..read more

This list of money saving challenge ideas will make it easy to kick-start your savings. When doing a challenge like this, try to visualize what your savings goal will go to, it will help motivate you to stick with the challenge. No-spend savings challenge Identify basic items that have to be paid every month and then cut everything else out. It is easy to save a lot of money, in a short period of time, with this challenge. The downside is a lot of discipline is needed to keep up the challenge. Another downside is that you may eventually start to associate saving money with suffering, which is ..read more

Do you need some extra money? Saving is a great way to achieve that goal, but you can only save as much as you make. The alternative to saving is to make more money, which has unlimited upside potential. This article contains a list of side hustles and jobs to help get you that money. Ideally over time you will be able to invest your new income in reducing debt or buying investments that make you money, which will in turn result in more money available each month. Before you know it you will not even need a side hustle. Sell your stuff Do you have items around your house that you are not using ..read more

Congratulations, it’s no easy feat to save $10,000. The good news is that you are no longer living paycheck to paycheck. Now the question becomes, what is the best way to invest $10,000, so it can work for you and make you some money? Pay off your high interest debt If you have high interest debt, like a credit card, then it can be a good idea to put the money towards that. Many credit cards have interest rates as high as 20% and that’s a pretty good return on your investment to avoid paying those bank fees. I think there is some sort of hesitancy to do this type of thing, because it feels li ..read more