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With the rise of the “gig economy” it is becoming more and more common that someone you know has a side hustle. Intuit has predicted that by next year 40% of American workers will be independent contractors.

We’ve seen the evidence of this in our social media, our old high school acquaintances selling drink powders, vitamins, essential oils, driving strangers in their cars, delivering groceries, walking other people’s dogs…the list goes on and on.

And a lot of the time, it seems like a lot of effort for little pay, or honestly, just plain obnoxious.

But that doesn’t change the fact that most of us in Gen Y (and beyond) feel like we need a little more money at the end of the month, and that we won’t be getting it out of a traditional 9-5.

So, how do you find a good side hustle?

Facebook Side Hustle Course Review 2019

My good friend Bobby Hoyt teamed up with a high school friend Mike Yanda and has created a course called The Facebook Side Hustle to teach you a viable, legitimate set of skills that can scale from super part-time side hustle to quit-your-day-job-money.

It’s not a multi-level-marketing scheme, a “get rich quick” scam, or a skill set unattainable for the average Joe, but a comprehensive, digestible, info-packed course that teaches you how to be a Facebook marketing pro for local businesses.

You know those ads you see on your timeline for businesses in your area, that seem to have been tracking your online shopping and Google searches?

This course teaches you how to find businesses who need local customers, create ads for them, and manage their ad accounts.

Facebook ad management is one of the most requested digital marketing skills for a very simple reason, Facebook remains the cheapest advertising platform with one of the biggest reaches.

This is a perfect trait for a side hustle– demand. And the Facebook Side Hustle Course is ready to equip you with all the skills and knowledge you need to fill that demand.

I know that you have probably seen something similar to this online before. There are a lot of “gurus” out there that promote their courses and free e-books and all kinds of stuff that leaves you lacking, and if you weren’t so savvy probably would’ve cost you a ton of money.

It takes a lot for me to promote something like this, so I hope you understand that I truly feel that this course is well worth the price, if not double what they charge.

Inside the Facebook Side Hustle Course

To give you a better idea of what you’d be getting, I got a look around at the content of the course.

Using an online course platform, the guys have broken the course content up into 9 easy-to-navigate modules, with several video lessons in each one.

When I say this course goes from the ground up, I’m not exaggerating. If you know how to navigate Facebook in a basic sense, this course covers everything else.

Another benefit to the Facebook Side Hustle Course is that Bobby and Mike don’t preach a need to use expensive gear or pricey web apps to get the job done.

Bobby started his journey into Facebook ads as a means to grow and promote his own blog, which he jumped into full-time after making $3 in ad revenue (this is not a move neither he nor I would recommend).

With almost no expenses outside of ad spend, he grew his blog substantially with Facebook ads, and applied what he figured out to his first ad client, the jeweler who made his wife’s custom engagement ring.

Bobby has a background in education, which is apparent in the way the course is set up. Paired with Mike’s expertise as an ads manager with over 30 clients under his agency, the course video modules are engaging, informative, and easy to internalize.

You also get lifetime, unlimited access to the course content, so go-at-your-own-pace people can breathe easy.

If you are concerned about finding clients (one of the most frequent questions Bobby and Mike get about the course) you should know that they teach no fewer than 5 unique methods for attracting, approaching, and securing business owners in need of Facebook ad management.

And for an average retainer of $1,000 per month per client, this side hustle has real life-altering potential.

Facebook Ads Course Bonuses

In addition to the course content, Bobby and Mike have included three in-course bonuses that honestly could have very well been sold separately, but they’re genuinely nice guys who just want to pass along their knowledge so others can succeed in having an online business like they have.

1st Bonus

In “Mike’s 8-Step Client Call Script”, you’ll see the method Mike uses to close sales with potential clients.

2nd Bonus

In the second bonus, “The Ultimate Lead Follow Up System”, you learn how to teach your clients what to do with the leads you get them with Facebook ads, which is important because it increases your client retention.

3rd Bonus

And additionally, the other bonus “Our Client Lead Tracking Automation System” is another tool that you can employ to wow your clients.

These guys have you covered from start to finish.

And amazingly, that isn’t even the end of it….

As if offering an astounding amount of information for a very affordable price isn’t good enough, Bobby and Mike also have a Facebook Group dedicated to continued education and support, and offer one free month with the purchase of the course.

They’ve even got experts in the group ready to help offer guidance and experience as you work on your hustle, provide weekly live training you can sit in on, and have a library of previously recorded live training that are exclusively available to members of the Facebook group.

Bobby and Mike have had almost 2,500 students sign up for this course over the last year and a half since they first launched. They stick to short, exclusive launches in order to keep their student-to-expert ratio in the Facebook group manageable.

The next launch is going to be this weekend, from Thursday to Sunday at midnight. At $397, the Facebook Side Hustle Course is a steal.

Skeptical? What Others Say About The FBSH Course

I don’t blame you if you’re still skeptical. As I said, this is far from the only course of its kind. So I asked Bobby what people are saying who have actually taken this course:

Sign Up For the Facebook Side Hustle Course Today

If you are still hesitant about signing up for the Facebook Side Hustle Course, Bobby and Mike have a 30-Day Money Back Guarantee with details available here.

So, in review: the course is a steal at $397, and there’s no guarantee that after this launch the price won’t increase. You get excellent bonus materials included for free (nearly a $600 value), a free month of the private coaching group (a $47 value), and lifetime access to the course materials.

If you’re ready to give the Facebook Side Hustle Course a go, sign up with my exclusive link here or below. And don’t forget to use the code SUMMER for $50 off.

Facebook Side Hustle Course Price: Make $1,000 - $2,000 per month in only a few hours a week from home. Seriously. This is one of the easiest side hustles to start. Learn More

The post Facebook Side Hustle Course Review 2019 appeared first on Millennial Money.

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You probably won’t be surprised when I say that, regardless of how much money I make, I’m always looking for new ways to save.

Whether it’s cutting down on my cable TV costs, or discovering a new app that helps me find cheap gas near me – I believe that there are always ways to save more.

Shopping wisely for car insurance is one of them.

You’ll need to do tons of research to find the best deals, the most straightforward shopping experiences, and a company that takes excellent care of its policyholders when they need it.

That’s super important because, as you may know, Millennials overpay for car insurance anyway – so you’ll want to make sure that you get the best coverage possible for the money you invest.

Searching for the best car insurance options can be draining, and you probably don’t have time to plow through endless pages of information. Don’t worry – because I’ve done the research for you, and then compiled a list of 10 best car insurance companies for Millennials.

So, sit back, relax, and learn everything you need to know about finding the best car insurance.

Millennials are Overpaying for Auto Insurance

Did you know that Millennials pay up to 44% more on car insurance premiums than other age groups?

That’s quite a bit more – and avoiding higher premium costs isn’t something you can do. That said – ensuring that the insurance company you choose offers the best service, deals, discounts, and other perks can help you make the most of your car insurance, as well as make it more cost-effective.

Below you’ll see my list of the best car insurance companies. This should give you a better idea of what you can expect from each company.

10 Best Car Insurance Companies for Millennials in 2019

These top rated companies were selected based on J.D. Power’s 2019 Insurance Shopping Study, customer reviews, and personal experience to an extent.

Erie Insurance

Erie Insurance is an excellent choice when it comes to car insurance. It ranks high in customer satisfaction, price, policy offerings – and generally makes customers happy!

Interestingly, they were also the company that completely busted the myth that Millennials are not interested in cars: their research showed that 85% of Millennials who don’t have a car are planning to get one.

Pros:

  • Customer satisfaction. Erie Insurance ranks high in customer satisfaction – and knowing that other customers are satisfied is reassuring.
  • Fewer customer complaints. Customers of Erie Insurance don’t seem to run into trouble as much. In 2018, it had fewer than the median number of complaints to state regulators.
  • Locked auto insurance rate. Nobody likes increasing car insurance premiums. With Erie, it won’t change unless you add or remove cars or drivers.

Cons:

  • Limited availability. Erie Insurance only operates in 12 states – Indiana, Illinois, Maryland, Kentucky, New York, Ohio, North Carolina, Tennessee, Pennsylvania, Virginia, West Virginia, Wisconsin, and some parts of the District of Columbia. If you don’t live within these states, tough luck (and a shame).
  • No smartphone app. Sadly, there’s no smartphone app. For me personally, knowing that I can sort my insurance out on an app is very important – but that may not be the case for everyone. On the other hand, – the website is pretty handy.
Amica Mutual Insurance

According to J.D. Power’s Insurance Shopping Study 2019, Amica ranks high in all aspects – including website and policy offerings. It may not be among the largest insurers of the nation, but it is definitely mighty in terms of customer satisfaction!

Pros:

  • Customer Satisfaction. It consistently ranks high in terms of customer satisfaction.
  • Amica offers some great discounts, such as loyalty, claim-free driving, and E-discounts (e.g., when you pay your bills electronically).
  • Attractive built-in perks. Free lock replacement if you lose your keys (happens, right?), free repair of an airbag if it explodes, and more.
  • There are no repair facility restrictions. You can use any shop for repairs.
  • A variety of coverage options. Amica has one of the most extensive selections of driver and vehicle coverages – many of which aren’t offered by other car insurance companies.

Cons:

  • No online quotes. You can start entering your details for a quote online, but with Amica, you will have to get on the phone to get an official quote in the end.
  • Expensive for the first year. Because Amica is a mutual company, the first year can be costly.
  • The app doesn’t have a very high rating. They could probably up their game with their app a bit.
Geico

Are you a tech lover? Then Geico may be just the insurer for you. Not only do they delight us with quirky commercials you probably have already seen, but they also offer competitive prices – and quick service. Because who wants to waste time getting insurance when you could be spending that time growing your side hustle?

Pros:

  • Superior app. The Geico app receives a lot of praise. The app makes it super easy to reach an agent, get a quote, manage your insurance, and make payments.
  • Plenty of discounts. There are plenty of discounts to choose from – from multi-vehicle to equipment. And, if you’re in the military or federal employment, you could get additional offers.

Cons:

  • Digital-only experience. With Geico, you’ll get a smooth and quick digital experience – but if you’re looking to deal with an agent in person who will be there to solve all your insurance problems, Geico won’t really offer you that.
  • Not great for drivers who have had an at-fault accident within five years. If that’s you, you may want to look elsewhere. Geico provides higher quotes for higher-risk drivers than other insurers.
Clearcover Insurance

Clearcover may not appear in the list of major car insurers – but this innovative company does challenge auto insurance giants!

Pros:

  • Uses AI to keep costs down. They offer some great prices – all thanks to artificial intelligence which they use to market their car insurance.
  • Quick insurance progress. They understand that time is precious – and you can really get insured in minutes, over the app.
  • Great online-only experience. If you’re looking for smooth online-only experience, Clearcover is excellent for that.

Cons:

  • Limited availability. Clearcover is only available to drivers in California.
  • Online only. Again, that could be a con for someone who is looking to meet with an agent to discuss the most suitable options for them. The experience is mostly online.
  • New company. This could be a con to some people because new often is associated with “lack of expertise.” However, even though Clearcover was only founded in 2016, they are definitely challenging the old-school ways of buying car insurance by offering quick and affordable quotes.
  • Only sells car insurance. Unlike many other auto insurers which also sell different types of insurance, Clearcover doesn’t. This means you won’t be able to bundle up your policies together, which may sometimes be a convenient way to get a discount.
Esurance

Like cutting-edge apps? Esurance may be a car insurer worth considering then.

Pros:

  • User-friendly website. Esurance is known for its user-friendly website.
  • Cutting-edge apps. Esurance has apps like DriveSense which allow drivers in 37 states to track driving behavior (e.g., speed time of day you drive, and hard braking). And – if you’re a good driver – you get rewarded with policy discounts.
  • Allows you to manage your own policies. Like being in control? Esurance sounds like the right car insurance company for you.
  • Widely available. What’s great about Esurance is that it’s available in 43 states, which makes things easy.
  • Pay Per Mile program. This program is available in Oregon only, but it does make things cheaper if you don’t drive very much.

Cons:

  • No in-person customer service. Again, if you’re looking for an agent you can meet and discuss your options – you won’t really find that with Esurance.
  • Higher rates. Esurance rates are higher than average, which means your pockets may be emptier than usual. It does offer an excellent user experience – but that comes at a price.
Allstate

Allstate is another excellent option for car insurance – and it’s one of the largest insurance companies in the U.S.

Pros:

  • Nifty mobile app. The app makes it easy to submit claims info – all you need to do is snap up a few pictures and send.
  • Easy to get in touch with agents. Just chat with them on the app!
  • Personalized insurance guidance. Insuring your car with Allstate means you will get customized help from an agent – something many other online-only insurers don’t offer.
  • Discounts and bonuses. Allstate offers a long list of discounts on insurance premiums (like Safe Driving, Good Driver, Multiple Policy, etc.) – more discounts than the other 12 major national companies.

Cons:

  • Higher rates. Compared to insurers like Geico or Amica, Allstate offers higher rates.
  • Not great if you have a poor credit score. If your credit score is poor, Amica would be better than Allstate.
  • Not great if you have a bad record. Several other insurers (such as Amica or Geico) would be better than Allstate if you have a bad record.
NJM

If you live in New Jersey or Pennsylvania, NJM may be an excellent option to think about. It receives great ratings when it comes to customer satisfaction and value.

Pros:

  • Competitive prices. NJM offers affordable premiums.
  • High customer satisfaction. Generally, NJM receives great reviews from its users (especially when it comes to claims processing and coverage).
  • Great for young drivers. NJM offer cheaper sample premiums for young and single males.
  • Cheapest for drivers with poor credit. The premiums offered to those with poor credit are more affordable than the ones provided by Geico.
  • Great for those with one at-fault crash. If that’s you, NJM may also be one of the best companies to insure with. They won’t charge you more than they charge good drivers.
  • Excellent claims experience. NJM was the first company to receive D. Power’s Claims Certification. The certification recognizes brands that provide exceptional claims experience – so you know you’d receive outstanding service in that area!

Cons:

  • NJM insurance is only available to employees of specific organizations.
  • Limited to certain areas. NJM is also available in New Jersey and Pennsylvania.
21st Century Insurance

21st Century Insurance is a smaller company, which doesn’t offer many perks with its policies. Now, that could also be a good thing – because that may keep the costs down. Although that’s not the case with every profile.

Pros:

  • Versatile app. The app may not be very slick – but it does have the features you’d expect. You can view your policy documents, pay your bills, view insurance IDs, and file claims. What more could you want? Oh, and the app allows you to call roadside assistance when in trouble.
  • Good rates for those with poor credit. On average, 21st Century Insurance offers cheaper deals than many other insurers to those with credit scores of less than 580.

Cons:

  • Limited availability. 21st Century only offers policies to drivers in California (and Hawaii).
  • No online claims. If you want to file a claim, you’ll have to ring a phone number and actually speak to a person. I know – how old-school.
Metromile

I’ve talked about Metromile before – a pay per mile insurance which offers a low base rate with just a few pennies per mile. It’s an excellent auto insurance choice for those who only drive occasionally.

Pros:

  • Great for occasional city drivers. If you don’t drive very much, Metromile may be a great insurance solution for you. If you drive fewer than 10,000 miles per year – you could save hundreds of dollars on car insurance.
  • Tech-savvy solutions. Metromile is also ahead of its competitors in terms of tech solutions. Metromile’s mobile app allows you to check your mileage as well as many other cool things like finding your parked car, getting street sweeping alerts to avoid parking tickets, collecting and accessing data on your speed, distance and gas spend, and giving you updates on your car health. Pretty handy!

Cons:

  • Limited availability. Metromile is only available in Arizona, Illinois, California, New Jersey, Pennsylvania, Oregon, Virginia, and Washington – so it’s likely not to be available for the majority of drivers.
  • Not great if you drive more than 10,000 miles per year. Metromile is only a cheaper solution for those who driver occasionally – so if you happen to need to drive more than that in a year, you’re unlikely to save.

Want to learn more about Metromile? Read my Metromile review here. 

Mercury Insurance

Last but not least, Mercury Insurance is known for its affordable auto insurance rates, which may be great for those who prioritize getting a low price. That said, based on the reviews I’ve read, customer service may not be the best – and submitting a claim could be a long and tricky process.

Pros:

  • Affordable rates for young drivers. Mercury Insurance offers some of the most affordable auto insurance rates for young drivers.
  • Mechanical Protection Plan. Mercury Insurance also offers mechanical protection, which includes things like 24-hour roadside assistance, rental car assistance, and others.

Cons:

  • Spotty customer service. Let’s just say that Mercury Insurance doesn’t offer the best customer service in the market.
  • Basic coverage options and discounts. Mercury Insurance offers only a small number of coverage options. I guess that’s the price you pay for lower rates.
  • Bad rep. Yes, they offer low prices – but if you search for reviews of Mercury Insurance online, you’re bound to come across some pretty insulting reviews. Whether you decide to use them for the lower price is entirely up to you – but be aware that it doesn’t have the best reputation.
Liability Car Insurance is Mandatory

Regardless of what you might look for in car insurance, in all states, you are required to have mandatory liability insurance coverage. Some states may also require personal injury protection and uninsured motorist coverage.

If you’re unsure about what car insurance is required in your state, take a look at these minimum requirements for your state to make sure you’re covered.

Pick The Best Company for Your Needs

When it comes to car insurance, there is no single best company to use. Coverage costs vary greatly depending on your location, as well as many other factors.

Here’s what you need to do to make sure you are with the best car insurance plan for you:

  • Shop around. Happy with your insurer now? Great! But that doesn’t mean you shouldn’t shop around every year or two. In fact, there’s a little trick many insurers use, called price optimization. That essentially means insurers may set rates based on how much they think a customer is happy to pay. How do they know that? That’s where it gets pretty scary – they know that from your social media posts, credit scores, and even shopping habits. But what you can do is to shop for new policies every couple of years online. They will most likely see this online activity – and that will keep them on their toes.
  • Decide what’s important. Is it keeping the costs to a minimum? Is it the types of coverage offered – or perhaps that the company has an easy-to-use app because you don’t have time to be discussing your options over the phone? Consider these factors before you look for car insurance because they can help you rule out the options that aren’t suitable for your needs – and save you tons of time.
5 Tips to Save BIG on Car Insurance

And now – everyone wants to pay as little as possible for car insurance, right?

So, here are some tips that’ll help you keep the costs down:

  1. Shop around. That’s an obvious tip – but worth repeating!
  2. Compare prices BEFORE you purchase a car. As insurance premium costs vary by vehicle, make sure you know which types of cars to shop for to keep these costs to a minimum.
  3. Take advantage of affinity or employer discounts. Some employers belong to organizations that may help you get better car insurance offers for a lower cost – so it’s worth checking with your employer.
  4. Keep insurance in one place. Many companies offer great deals for bundling multiple policy types – such as..
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Financial planning can be intimidating. There are SO many different elements to manage, track, and account for each month.

But what if getting your finances on-track was actually easy?

Luckily, it is SUPER simple to start improving your financial health and get on track towards financial freedom.

7 Money Moves You Can Make RIGHT NOW While Drinking Your Coffee (or tea)

Follow these 7 easy ways to get your finances on track by the time you’re fully caffeinated.

1. Check Your Credit Score

I’m with you on this one – checking your credit score can be stressful. BUT, it doesn’t have to be!

To truly improve your finances, you first need to know where you stand.

Understanding your credit score and the factors driving your credit up (or down) is critical for every person. Are late payments keep your credit under 700? Is your debt to credit ratio a bit high?

Having access to your credit report PUTS YOU IN CONTROL

If you want a simple, easy-to-understand tool to help understand and manage your credit score, get a free credit report from Credit Sesame. After getting your credit report, Credit Sesame will share tips and recommendations for fixing and improving your credit history.

2. Invest Your Money

You know how much I favor investing over the long-run and taking advantage of market growth and compounding interest. But for those who just landed that first big job, it can be tough to even know where to start.

Fortunately, it has never been easier to invest!

Ally Invest is a great platform that helps users start investing with minimal steps required.

Betterment asks you a series of questions about your age, income, risk tolerance, and financial goals. They help you minimize your tax burden and give you the option of consulting with a person any time you need a more personal touch.

Already have your traditional investments in-place? Consider getting into real estate.

With Fundrise, you can get started investing in real estate with a minimum investment of just $500. Then Fundrise takes care of all the work for you.

And there are no guessing games. You know EXACTLY what properties are included in your portfolio.

3. Max Out Your 401k

Your retirement account is a crucial part of your path towards financial freedom. So why not get to know it better?

With Blooom, you will be able to analyze and optimize your 401(k) so that it is 100% working for you.

Access an in-depth assessment of your 401(k) and understand your account better along the way. Blooom can identify any hidden fees associated with your account, and checks to see if you have the right balance of stocks and bonds.

Get a better long-term outlook at your retirement planning with Blooom.

4. Consolidate Loans

Paying off high-interest debt can take forever….or at least feels like it.

The faster you can pay down one loan, the faster you can pay down the next….or start building wealth through savings and investing.

Whether it’s student loans or private loans holding you back, refinancing at a lower rate can literally SAVE YOU THOUSANDS OF DOLLARs in the years to come.

Credible makes refinancing easy and affordable. Some qualified borrowers can reduce their interest rate down to 4.99%.

For qualified borrowers, refinancing expensive debt helps provide more financial flexibility, and potentially pay less in interest.

Enjoy a $50 bonus if you’re approved!

5. Get Control of Your Finances

Using Personal Capital is the easiest way to track your net worth, monitor spending, analyze your investment portfolio, track your savings and even plan for retirement. I use it every day!

Much like your credit history, knowing exactly where your finances stand will help you make the BEST decisions for the future.

It’s simple:

  1. Link your accounts with Personal Capital
  2. Use the 50+ features and next-level dashboard to track and analyze your finances
  3. Be on your way to more effective savings and planning

It’s my favorite app. EVER. Did I mention it’s FREE?

Get to know your money, today. Sign Up for Free.

6. Build a Legit Business

Investing in yourself by building an online business can be one of the most rewarding steps to take financially. And it’s not that expensive to start a legit side hustle – that’s how I got started!

Sure, it takes planning and time for new online businesses to take off. But it has never been easier to build a blog and make money online.

If you have an awesome idea for a blog or online business and enjoy the hustle, you can set up your new website in less than 10 minutes with BlueHost for as little as $2.95 a month.

PRO TIP: Sign up for my Free 7 Day “How To Build A Profitable Blog Quickly” Email Course, We’ll walk through the key steps to launch your own blog and set it up to start making money. All in 7 days.

Signup with BlueHost here.

7. Get a Travel Credit Card (and See The World)

Do you travel a lot or want to travel for free? Then you need to check out some of the amazing signup bonus for the Best Travel Credit Cards. Some cards give you up to 100,000 bonus miles or points for signing up!

Depending on your airline, you can easily snag a coach (or even first class!) ticket on a round trip international flight.

If you have decent credit and use a credit card for regular expenses, then check out the Best Travel Credit Cards to see if you can get a better credit card with better bonuses.

I like to get new travel credit cards every year to maximize my miles earning potential. The better the bonuses and miles, the more I like it!

Check out the Best Travel Credit Cards.

The post 7 Money Moves You Can Make While Drinking Your Coffee appeared first on Millennial Money.

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Cash back credit cards are a great way to earn rebates on everyday purchases. So long as you manage your money right and don’t overspend, using a cashback card gives you a guaranteed rebate on your everyday purchases—usually 1% to 2%.

While cash back cards don’t have as powerful of rewards as travel rewards cards, they’re easy to understand.

After all, you can usually redeem your cashback rewards as a statement credit, a check-in-the-mail, or direct deposit into your checking account.

And let’s be real: who doesn’t like that!?

Best Cash Back Credit Cards in 2019

But don’t sign up for the first cashback credit card you see.

There are tons of different cash back credit cards on the market, each with different benefits, cash back earning rates, and bonus categories—so it’s important to compare what card is right for you.

That’s where we come in. In this article, we’ll take you through the 15 best cashback cards for 2019.

We’ll compare the cards’ rewards earning, interest rates, fees, and other added perks. We’ve also highlighted the card’s welcome bonus.

As you go through the article, do note that you need to have excellent credit (generally a 700+ FICO score) to be approved for any of these cards. Pull your free annual credit report before applying to check your score.

So without further ado, let’s dive in!

Quick Navigation:

  1. American Express Cash Magnet
  2. Blue Cash Everyday
  3. Capital One Quicksilver
  4. Chase Freedom Unlimted
  5. Chase Freedom
  6. Capital One Savor
  7. Discover It
  8. Discover It Chrome
  9. Wells Farge Cash Wise
  10. Citi Double Cash
  11. U.S. Bank Cash+
  12. Wells Fargo Propel
  13. Bank of America Cash Rewards
  14. Penfed Power Cash Rewards
  15. For Business: Ink Business
  16. Summary
#1 American Express Cash Magnet™ Card

The American Express Cash Magnet card is a new player to the cashback credit card scene. The card earns 1.5% cashback on all purchases with no bonus categories, so you don’t have to think about using the right card for a specific purchase.

The card has a couple of neat perks too. American Express is currently running an awesome welcome bonus for the card, giving $150 back after you spend $1,000 or more in purchases within the first 3 months of getting the card.

Additionally, you’ll earn an additional $100 back after you put another $6,500 in purchases on your in the first 12 months of card membership.

The card currently offers a 0% APR on purchases and balance transfers for your first 15 months of card membership. After that, the interest rate jumps to 14.99% to 25.99% depending on your creditworthiness.

Finally, the Cash Magnet comes with standard American Express benefits like roadside assistance, car rental loss and damage insurance, purchase protection, and more. Do your research and utilize these benefits when you can—they can save you thousands.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: you’re awarded Reward Dollars that you can redeem for statement credits, gift cards, and merchandise.
  • Welcome Bonus: $150 after spending $1,000 in three months; $100 after spending $6,500 in twelve months.
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 15 months, then variable 14.99% to 25.99% APR based on creditworthiness.

Read more here...

#2 Blue Cash Everyday® Card from American Express

American Express has another cashback option: the Blue Cash Everyday card.

Unlike its Cash Magnet offering, this card earns 1% on all purchases but has an awesome 3% back on groceries (up to $6,000 in purchases per year) and 2% back at gas stations and department stores.

Like the Cash Magnet, though, the card offers the same $150 welcome bonus after spending $1,000 on purchases in the first 3 months of card membership.

So this requires a bit more spend than other cards on the list but is still pretty tangible if you’re able to charge your bills.

As you’d expect, there’s a promo APR for signing up for the card: 0% APR for 15 months, and then a variable APR from 14.99% to 25.99% depending on your creditworthiness.

Thankfully, there’s no annual fee on this card, so you can enjoy a fee-free credit life so long as you pay your bill on time. Nice.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 3% cashback at U.S. supermarkets (up to $6,000 per year), 2% cashback at gas stations and select U.S. department stores
  • Cashback Redemption: Statement credit or gift cards
    Welcome bonus: $150 after spending $1,000 on purchases in the first 3 months of account opening
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 15 months, then variable 14.99% to 25.99% based on creditworthiness.

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#3 Capital One® Quicksilver® Cash Rewards Credit Card

Like the American Express Cash Magnet, the Capital One Quicksilver Cash Rewards Card earns a flat rate of 1.5% cashback on all purchases with no bonus categories.

However, the Quicksilver is a MasterCard, meaning that it’s accepted at more merchants than its American Express alternative.

Capital One is offering a pretty sweet signup bonus too. New cardmembers will earn $150 in bonus cash back after spending $500 within the first three months of account opening. This lower spend requirement makes the $150 tangible for even the most modest spenders.

The Quicksilver Cash Rewards Card offers a promo 0% APR on purchases and balance transfers for your first 15 months of card membership. After that, the interest rate jumps to 16.74% to 24.74% based on creditworthiness.

Additionally, the card offers a range of travel and purchase protections that can be huge cash savers. Capital One also has an innovative virtual card number service called Eno that gives you temporary credit card numbers for online shopping.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: Statement credit
  • Welcome Bonus: $150 after spending $500 in three months
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 15 months, then variable 16.74% to 24.74% based on creditworthiness.
#4 Chase Freedom Unlimited

Like the last two cards, the Chase Freedom also earns 1.5% cashback on all purchases. This time, however, you’ll earn Chase Ultimate Rewards points, so you can redeem for statement credit, travel credit, or gift cards.

Thankfully, the Freedom Unlimited has a nice welcome bonus too: $150 bonus cash back after spending $500 in your first three months of card membership. Like the Quicksilver welcome bonus, this should be pretty easy for most people to achieve.

If you need a 0% APR card, the Chase Freedom Unlimited also offers 0% intro APR on purchases and balance transfers for 15 months. After this, the APR moves to a variable of 16.99% to 25.74% based on creditworthiness.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: Statement credit, gift cards, and travel
  • Welcome Bonus: $150 after spending $500 in three months
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 15 months, then variable 16.99% to 25.74% based on creditworthiness.
#5 Chase Freedom

The standard Chase Freedom card is exactly the same as the Freedom Unlimited, but with a catch. The card earns 1% on all purchases but earns 5% on a rotating set of categories, up to $75 earned.

These categories change quarterly and are usually focused on everyday purchases. For example, for Q4 2018, the card is offering 5% back at department stores, Chase Pay transactions, and at wholesale clubs like Costco.

The rest of the card—including the $0 annual fee and $150 welcome bonus—are exactly the same as the Freedom Unlimited. So assess what is more important to you: 1.5% on all purchases, or 5% on categories.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 5% (up to $75) on rotating categories
  • Cashback Redemption: Statement credit, gift cards, and travel
  • Welcome Bonus: $150 after spending $500 in three months
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 15 months, then variable 16.99% to 25.74% based on creditworthiness.
#6 Capital One® Savor Cash Rewards Credit Card

If you like to eat out, consider putting the Capital One Savor card in your pocket. The card gives a massive 4% back on dining purchases, and 1% back on everything else. All rewards can be redeemed for—you guessed it—statement credit or gift cards.

Even cooler, the card has a whopping $500 welcome bonus after spending $3,000 in purchases in the first 3 months of being a cardholder.

There’s also a nice 0% APR promo period for the first 14 months of being a cardholder, that later increases to 13.90% to 24.99% based on creditworthiness.

There’s one catch though: the card has a $95 annual fee that is, thankfully, waived for the first year. But if you spend enough on dining, the card may pay for itself over time.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 4% cashback on dining
  • Cashback Redemption: Statement credit or gift cards
  • Welcome Bonus: $500 after spending $3,000 on purchases in the first 3 months of account opening
  • Annual Fee: $0 first year, $95 after
  • APR: 0% intro APR on purchases and balance transfers for 14 months, then variable 13.99% to 24.99% based on creditworthiness.
#7 Discover it

The Discover it card is one of the original cashback credit cards—and it’s nearly identical to the Chase Freedom. You earn 1% cashback on all purchases, and 5% back on quarterly purchases, up to $75 in purchases.

The card is currently offering 0% APR on purchases for the first 14 months of being a cardholder, with a 13.99% to 24.99% interest rate thereafter. Your APR will be determined based on your creditworthiness.

Even cooler, Discover is currently running a promotion where you get all of your first year’s cashback doubled at the end of your cardholder year. This could be a nice little bonus depending on how much you spend.

However, there are two major downsides to the Discover it: it has no welcome bonus, and it’s issued by Discover. This means that the card is accepted at fewer places than its Visa and MasterCard counterparts.

Thankfully, there is a way around the $0 welcome bonus. Find a friend with a Discover it, and have him or she refers you. You’ll both get a $50 statement credit after the card is approved—nice.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 5% (up to $75) on rotating categories
  • Cashback Redemption: Statement credit or gift cards
  • Welcome Bonus: None, $50 if referred by a friend; double cash back on all first-year spend
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 14 months, then variable 13.99% to 24.99% based on creditworthiness.
#8 Discover it® Chrome

Discover also issues the Discover it Chrome card. This earns 1% back on all purchases, and 2% back at restaurants, and 2% back at gas stations and restaurants. However, you only earn 2% on your first $1,000 in qualifying purchases per quarter.

The rest of the card is exactly the same as the standard Discover it card. Assess your shopping habits when deciding which card to apply for.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 2% on restaurants and gas station (up to $1,000 in combined purchases per quarter)
  • Cashback Redemption: Statement credit or gift cards
  • Welcome Bonus: None, $50 if referred by a friend; double cash back on all first-year spend
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 14 months, then variable 13.99% to 24.99% based on creditworthiness.
#9 Wells Fargo Cash Wise Visa® Card

Wells Fargo also has its own variant of a 1.5% cashback card. The card has no bonus categories but offers a nice $200 welcome bonus for spending $1,000 in purchases in the first 3 months of card membership.

The card does have one of the shortest interest-free promo periods, though. It offers a 0% APR for the first 12 months of card membership and increases to 15.99% to 26.99% depending on your credit. So if you’re looking to finance a purchase, the Cash Wise Visa may be your best bet.

If you’re interested in the card, rest assured that the annual fee is $0 per year.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: Statement credit or gift cards
  • Welcome Bonus: $200 after spending $1,000 on purchases in the first 3 months of account opening
  • Annual Fee: $0 first year
  • APR: 0% intro APR on purchases and balance transfers for 12 months, then variable 15.99% to 26.99% based on creditworthiness.
#10 Citi® Double Cash Card

And now it’s time for one of our staff favorites: the Citi Double Cash!

This card offers an awesome 2% cashback on all purchases. 1% is paid out when you make a purchase, and the other 1% is paid when you pay down your card. There are no bonus categories, but 2% back everywhere is an incredible value—especially considering the $0 annual fee.

Likewise, the card has an awesome interest-free promo period. You have a 0% APR for the first 18 months of being a card member, so it’s perfect for financing purchases that you need time to pay down.

After the promo period, your interest rate will jump to 15.49% to 25.49% depending on your creditworthiness.

Unfortunately, however, the card does not have a welcome bonus. This is disappointing when compared to other cards on this list, but is expected since the card offers such high cashback earning rate.

  • Cashback Earning: 2% on all purchases; 1% when you buy, 1% when you pay
  • Bonus Categories: None
  • Cashback Redemption: Statement credit, direct deposit, check in the mail
  • Welcome Bonus: None
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 18 months, then variable 15.49% to 25.49% based on creditworthiness.
#11 U.S. Bank Cash+™ Visa Signature® Card

The U.S. Bank Cash+ is often overlooked by credit card blogs, but it shouldn’t be. The card offers 1% cashback on all purchase but has both 2% and 5% bonus categories. You can choose one “everyday” category for 2% back, and 5% in two additional categories.

The 2% “everyday” category includes things like groceries and gas, so pick the one you spend the most on. On the other hand, the 5% category focuses on infrequent purchases like your phone bill, fast food, and clothing.

Do note that you can earn unlimited 2% cash back on your everyday purchases. On the other hand, you’ll only earn 5% back on your first $2,000 in purchases on your two 5% categories.

U.S. Bank offers a $150 welcome bonus after spending $500 in purchases your first three months of card membership. It also has a bonus 0% promo APR for the first 12 months of card membership, rising to somewhere between 14.74% to 23.74% based your credit.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 2% on one everyday category (groceries, gas stations, etc), 5% on first $2,000 in purchases per quarter on two categories of your choice (phone bill, clothing, etc)
  • Cashback Redemption: Statement credit, Visa gift card, bank transfer
  • Welcome Bonus: $150 after spending $500 on purchases in the first 3 months of account opening
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 12 months, then variable 14.74% to 23.74% based on creditworthiness.
#12 Wells Fargo Propel American Express® Card

Travelers that like earning cashback need to check out the Wells Fargo Propel American Express card. This is the only cashback card on the list that earns 3% cash back on travel, restaurants, gas, and popular streaming services—perfect for the traveler on the go. All other purchases earn 1%.

Cashback is awarded in the form of points that can be used for statement credit, travel, or gift cards. There’s an awesome 30,000 point ($300) welcome bonus after spending $3,000 in 3 months, giving you a nice head start on free tickets for your next big trip.

As you probably guessed, the card has a 0% APR for the first 12 months. The APR then rises to somewhere between 14.49% and 26.99%, a pretty standard rate for a premium cashback card.

All of this mixed with the $0 annual fee makes the Propel card the best cashback card for frequent travelers.

  • Cashback Earning:1x points per $1 spent on all purchases
  • Bonus Categories: 3x points per $1 spent on eating out, ordering food, gas, rideshares, transit, flights, hotels, homestays, car rentals, and popular streaming services.
  • Cashback Redemption: Statement credit, travel, gift cards
  • Welcome Bonus: 30,000 points ($300) after spending $3,000 on purchases in the first 3 months of account opening
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 12 months, then variable 14.49% to 26.99% based on creditworthiness.
#13 Bank of America® Cash Rewards

Check out the Bank of America Cash Rewards card if you spend lots on gas.

The card earns a whopping 3% on gas purchases (up to $2,500 spent per quarter), 2% on grocery stores and wholesale clubs, and 1% everywhere else. This can seriously add up for Uber drivers, truck drivers, and couriers that make frequent gas station purchases.

Additionally, you’ll earn 25% to 75% more cash back if you’re a Bank of America Preferred Rewards member. You’ll earn more cashback depending on your membership tier, so those with lots of assets at Bank of America are in luck.

The card has a 0% intro APR on purchases and balance transfers for 12 months, then a variable 15.24% to 25.24% APR based on creditworthiness.

Finally, the card has a nice $200 welcome bonus after spending $500 in the first 3 months of being a cardmember.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 3% cash back on gas (up to $2,500 in purchases per quarter), 2% cash back at grocery stores and wholesale clubs
  • Cashback Redemption: Statement credit or gift cards; 10% bonus for redeeming into Bank Of America accounts, Preferred Rewards clients earn 25% to 75% bonuses.
  • Welcome Bonus: $200 after spending $500 on purchases in the first 3 months of account opening
  • Annual Fee: $0
  • APR: 0% intro APR on purchases and balance transfers for 12 months, then variable 15.24% to 25.24% based on..
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Millennial Money by Grant Sabatier - 1w ago

I was riding the New York City train yesterday and noticed an ad for a service like TaskRabbit that simply read “Time is Money”. But it’s not. In fact, this is one of the biggest money myths in our world today and it’s holding so many people back.

Time Isn’t Money

While time and money certainly share similarities they are by no means equals.

Time is energy. Money is a thing. But both are human inventions we embed with so much meaning. They each have power over our lives.

Time is simply the word we’ve given to this thing that moves each day that we can read on a clock and use to measure our lives and the world around us. It’s a benchmark.

But time is a word that we’ve given to this energy that pulls us all forward. Tracking it on a sundial or watch or computer clock was designed by humans.

As I’ve written about before, money is infinite but time is not. You can always go out and get a part-time job or start a side hustle, but you’ll never be able to get back this moment or this day. Equating the two I think diminishes the value of time in a way.

And it also undermines the simple idea through passive investing, through building passive income streams, which really is, I think the primary goal of personal finance.

Investing and Passive Income Disrupts Money/Time Relationship

We all know if you invest, whether it’s in real estate or stocks or bonds or businesses or whatever you invest in, the goal of investing is for your money to make money.

To make money without having to trade any of your time frees up your time to ultimately do things that are more important to you.

Just like most of personal finance, the best investing strategy is by no means rocket science. It’s simple:

  1. Make as much money as you can
  2. Keep your expenses low
  3. Invest the difference
  4. The more you invest and the more frequently you invest the faster your money will compound and make you more money
  5. Sit back and earn money in your sleep. Boom, you are no longer trading your time for money.

Unfortunately, in our culture, we end up believing the time is money.

And so we also trade more of our time to make more money when in reality, if we use that time to do things that made us happier, to do things that we loved, we would lead happier lives. Or we manage our money poorly so we end up wasting our time.

More Money Isn’t Always Better Than Time

There are many people I know who are making good money now that are stressed out. They either don’t like the jobs or they feel like they’ve worked so hard for their careers that now they’ve made it to the top they feel like they have to try and stay there and enjoy the fruits of their labor.

Just like the lost road warrior Dan I met last year. Dan had more money than he will ever need, but he keeps working while lamenting that “I wish I had more time to spend with my boys.” He went on:

“NOW THAT I’M MAKING SO MUCH MONEY, WHY WOULD I WANT TO STOP,” DAN SAID.

When in reality he could easily step off the more more more treadmill and spend more time with his kids. I’ve met many people over the past several years who say the exact same thing to me “I wish I had more time with my kids.”

Then when I tell them they could by moving to a smaller house or move outside of town and get rid of their two cars, and then take a part-time job, or just a reasonable 40 hour a week full-time job instead of an 80+ hour a week job then they could do it.

It’s almost always followed up with, “Well we don’t have enough money.” So they want time, but even though they are making money they don’t have any. I wish people valued their time more.

I don’t get it. So many people are asleep in their lives and end up making huge trade-offs for money.

I’ve met many people who could easily make a couple of shifts in their lives in order to have a life they would probably enjoy a lot more, but they would have to take a pay cut.

No one ever wants to take a pay cut.

Give Yourself Permission to Do Nothing, Not Chase Money

Time is not money when you need to rest and reset. I used to always fill my time trying to make money, but in retrospect, I should have also been scheduling a time for myself and actually prioritizing time for myself.

When I say time for myself, I mean simply to check in with my health and check-in with how I’m really doing. We all move so fast and we just keep moving faster.

It’s very difficult, especially in a weekend or a couple of weeks of vacation a year to actually stop and reset. It’s officially been a year since I left the corporate world and started my corporate detox.

The biggest lesson I’ve learned is it truly takes an immense amount of time to decompress and de-stress after being in an incredibly stressful and intense environment. It truly has taken me almost an entire year to recover from burnout.

When you’re going 120 miles an hour, it takes a long time to slow down. I’m sure some people can. But, I never found that 10 minutes or 20 minutes of meditation a day or even just a long weekend would give me the rest I needed. It never quite reset me.

I always actually felt kind of more stressed or my mind just couldn’t settle down.

I remember being in Chicago and going on a weekend trip to Michigan. You know, a nice long weekend.

I was always hoping it would provide the space and time I needed to decompress and come back fresh on a Monday or Tuesday morning. But that rarely happened simply because my mind couldn’t stop.

Change the More Money Mindset

If we’re in a stressful environment, it’s often our minds are going to be stressful. Whether it’s through our job or our relationships, it’s like when you’re around stressful people, you feel stressed yourself.

If you’re around people, you probably feel a little bit calmer. And I always found it difficult for my mind to reset and go from 120 miles an hour to zero miles per hour.

And it’s taken me a year to really understand kind of the unwinding and giving myself time and space and giving myself time to exist in time to be in time and space with which to kind of open to the world is truly a privilege I’m very grateful for.

I’m thinking very hard about could I have gotten this space and time if I had taken off three months, during my intense know the corporate period, would have been enough for me?

I don’t think it would have been. I think we get so tightly wound and our minds move so fast it literally takes months and months to unwind and to relax into calm those reactions and those synapses.

We clearly are living in a world of burnout and it’s pushing our minds and it’s pushing our bodies to the Max.

Passion is Money

I am deeply passionate about finding ways in which to help people manage money and create a relationship with money and former relationship with money that allows them more time and space in their life.

And then once they get that time and space, what do you do with it? I’m passionate about both of those things and I myself am deeply in the discovery, a journey and the process and my life is a journey.

And of course, I’m experiencing new things. But as I create more time and space in my life, the things I’m able to see and amount of peace I’ve been able to create, I don’t think I would’ve been able to cultivate in such a high pressure a world I was previously living in.

And so that’s the challenge is how do you make money and use the money to live a life that you love. Also getting the time and space.

And maybe it is moving from full time to part-time job or moving to a different city, an in a less stressful job those are things I never did and I never considered.

I was just always on all the time. I’m sure and I admire people who have balance and balance in their life. I’ve always struggled with that.

Final Thoughts on Time is Not Money

And for me personally, I think a good place to start is to stop thinking about time as money and stopped talking about time is money because in reality that undermines the power of both really the power of money to make money for you.

Through passive income investing and other forms. The simple fact is when you say time is money, you’re quantifying time. You’re putting them on equal playing fields. When we know time is infinite.

You can’t get it back. If you lose money, you can always go try to find a way to make more money. You can pick up a side hustle, you can pick up a part-time job, you could go walk dogs, you could do anything after this moment is gone, you’re not to get it back.

So I hope this was helpful and let’s stop talking about time as money because they’re really two very different things. And let’s focus on both and use them to our best advantage.

The post Time Is Not Money appeared first on Millennial Money.

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Ecommerce is an ever-growing industry designed with the everyday seller in mind. Without independent merchants, sites like Amazon may not be in the position they are today as global e-tail behemoths.

Every day, thousands of people are setting up shop online as a means to escape the 9-5 lifestyle. This post will run through the various ways in which e-commerce can help you retire early.

You Can Develop Your Skills In Branding

If you’re looking to start an online brand, you must think about why you want to go it alone in the first place.

Do you have a specialized skill you can translate into a product line? You may, for instance, have a talent for art. Through e-commerce, you can set up a t-shirt printing store with no website development experience. Sign up and start building with an easy-to-use a host like Shopify or Squarespace.

There are lots of professional-looking templates that you can customize with branded logos and imagery. Enlist the help of a graphic designer, or consider outsourcing the task to a freelancer from Fiverr.

The idea is to use your site as a place to experiment with products and audience demographics until you find a profitable business model that works.

Purchase a domain name that sounds authoritative and, if this is your first ever store, something that is also quite generic. This will allow you to ‘chop and change’ inventory without compromising too much on the direction of your brand.

You Can Choose A Business Model That Works For You

Once you’re on the way to getting your store up and running, it’s time to start thinking about your business structure.

For most online sellers, you will have the choice of two inventory models:

  1. You buy a range of items wholesale and resell them through your dedicated store.
  2. You choose a dropshipping model where your supply and distribution is handled by a third party. This allows you to set your pricing and get your chosen products listed on your site in seconds.

Both business models have strengths and weaknesses. For example, if you are buying in bulk there is the obvious inventory price to cover. However, if your costs are low (e.g. you’re upcycling thrifted items), you will have a higher profit margin.

Dropship models, on the other hand, rely on you selecting the right supplier. You are looking for a company that has five-star reviews and an easy way to track and communicate with their team.

Once you have found a supplier you can trust, you can leave them to handle the shipping and storage of your goods. You can also set requirements on packaging appearances and marketing inserts.

This will give you more opportunity to provide an excellent service for your customers –   even if you’re not the one processing the orders.

Selecting Profitable Products To Sell Is Straightforward

For your general storefront, you will need to look at your passions in life and come up with a unique and viable online store idea. Use competitor sites as inspiration and identify a core demographic of customers who will buy your goods.

Make your customer segments detailed and collect insights from social media analysis sites, Google Trends, Amazon’s Keyword Tool, and other competitive analysis programs. These will help you calculate the size and spending power of your target audience.

Head to sites like eBay, Amazon, and Etsy and take a look at the sellers on this marketplace. Alongside your eCommerce site, you can also make a lot of money selling on marketplaces that bring in millions of visitors per day.

Find the products that interest you and take note of their titles, descriptive text, imagery, etc. Look for indicators of the types of products and brand messages that translate into good sales figures.

Choose a selection of around 10-20 products to start testing in your store and through social media advertising.

Unlock The Secrets Of Creating Online Buzz

Once you have a great-looking site and a range of products to sell, its time to start building traffic. Set up on Facebook and Instagram, as these offer paid ads that generate a lot of traffic to your new online store.

As well as offering you a chance to list your site, Facebook and Instagram also allow shoppers to buy directly from the platform. This is great for brands looking to test viable product options before committing them to their site.

Traditional content marketing will also help you build a core list of fans. Use your content to help solve your customer’s problems, as well as present your brand in a unique and personable way.

Create an email list that allows you a certain number of free signups before you will need to pay for hosting. You need to ensure that you are doing your best to boost your site’s organic and paid-for traffic.

Informative and entertaining email newsletters help build brand loyalty with existing customers, as well as provide social proof to those who have just happened to stumble across your site.

Review And Reevaluate Your Business Goals

When you’re starting to generate sales and noticing traffic, be ruthless about the products and advertisements that are not working. Track your posts through Google Analytics and test your headlines and images through an automated platform.

In some cases, you may just have to cut your losses and move onto a new product or ad campaign that brings in significant attention.

In planning your marketing budgets more efficiently, also consider the cost of acquisition and ensure that the lead price aligns with the profit margins you’re hoping to make through sales.

For instance, your t-shirt printing company may give you an outlet for your artistic talents. However, on the road to making $1 million, you would only have to sell 10,000 $100 items rather than 100,000 t-shirts at $10 each. Concentrate on two or three high-ticket items and sell these products hard.

Make An Exit Plan So You Can Repeat The Pattern

Sites like Exchange allow you to turn your online store into a business asset you can sell. In some cases, sales can go for twice the revenue the store generated over one or two years.

Set up a listing for your fully functioning store and be prepared to offer your buyer guidance and administrative support in the early stages.

With the profits generated, you could choose to invest and build up another e-commerce brand. Alternatively, use the money to invest in a new business venture or early retirement! Because as we know, money is not the goal, time is.

The barriers and costs of becoming a multinational seller are falling. Seek legal and financial advice before you start and you could be on the road to success through online selling.

The post How Ecommerce Can Help You To Retire Early appeared first on Millennial Money.

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I’ve said it before, and I’ll say it again: Investing is essential in building wealth.

Knowing how you can make your money work for you is a skill many people aspire to have – why else would I constantly get asked about my investing strategies (always happy to share them with you, guys)?

So, whether you need to invest isn’t a question – how you need to invest is.

Luckily, there are plenty of tools that allow you to begin your investing journey. That’s why companies like Vanguard and Betterment saw the light of day.

But which one of these investment tools is a better choice for you?

That’s another golden question, which I’ll be answering today.

By the end of this Betterment vs. Vanguard post, you should know how these two investing platforms differ, and which one of these investment companies is a better fit for your money. So, read on!

Betterment

Betterment is probably the most well-known of robo-advisors. Founded in 2008, Betterment is based in N.Y. and has managed over $15 billion of assets (as of the start of 2019).

Not surprisingly, that number continues to grow.

Before you begin investing with Betterment, you’ll be asked to complete a short quiz (e.g., questions about your income, age, risk tolerance, and retirement goals) which will help determine what kind of portfolio will work for your financial status and needs.

Betterment charges a 0.25% fee – but it does offer some highly advanced investing features which can help you invest efficiently, especially when it comes to paying tax on your investments.

There is a Premium plan for those whose accounts are worth $100,000 or more. On the program, you will have access to a Certified Financial Planner and more personal guidance on how to best manage and grow your money.

Interestingly, many of the exchange-traded funds (ETFs) Betterment offers come from Vanguard.

For more information about Betterment, read my full Betterment review.

Vanguard

Founded in 1975, Vanguard is the largest provider of mutual funds and the second biggest provider of ETFs in the U.S. Vanguard has about $5.2 trillion in global assets under management as of January 2019 (some of those assets are managed by Betterment).

Vanguard is considered to be the low-cost index fund pioneer – many of the other automated investment companies probably wouldn’t exist without Vanguard.

You can access automated investment as well as a human advisor, and there’s a fee of 0.30% for accounts up to $5 million. Your advisor will help you build your portfolio – as well as make sure your portfolio is tax-efficient.

Interested in learning more about Vanguard? Read my Vanguard Personal Advisor Services Review.

Betterment vs. Vanguard Comparison

Now let’s take a look at these investment apps in more detail – and see how Betterment and Vanguard compare across each category.

Costs

While with Vanguard you could build a portfolio yourself (using the same funds that Betterment uses), this means having to manually select investments, rebalance as and when needed, performing tax-loss harvesting and tax optimizations yourself (if it is a taxable account).

If you’re thinking, “this sounds like a handful,” well, you’re right – it can be. Don’t get me wrong – it isn’t particularly tricky, but you do need to know what you’re doing and have some time on your hands.

Alternatively, you can pay Vanguard a fee of 0.3% ($150 for every $50,000 invested) to manage that for you as part of their Vanguard Personal Advisor Services.

On the other hand, Betterment charges 0.25%, but for that fee, you get the basic Digital services – the Premium plan has a 0.40% annual fee (and the Premium offering is most similar to Vanguard Personal Advisor Services).

Account Minimums

Betterment’s Digital plan doesn’t have an account minimum, meaning you can start investing with as little as $100!

The Premium plan, however, requires $100,000 to begin with, while Vanguard Personal Advisor Services will allow you to start with $50,000.

Investments

Vanguard takes the lead in this department because it offers a variety of accounts and investment options.

Investors can self-manage their account (there are 140 transaction-fee-free mutual funds and 1,800 commission-free ETFs to choose from).

And if you’d prefer to leave it to the pros, the Vanguard Personal Advisor will build your portfolio using primarily Vanguard index funds. Additionally, since Vanguard is owned by its funds – investors benefit when the company does well, which is pretty cool.

Vanguard offers these two investment vehicles:

  • Vanguard Mutual Funds: Vanguard claims their expense rate is 83% less than the industry average – which means less is taken out of your funds.
  • Vanguard Exchange-Traded Funds: According to Vanguard, ETFs combine diversification with lower investment minimums, as well as real-time pricing.

Betterment, on the other hand, was created to streamline investment choices down to a limited number of exchange-traded funds, which are then used to build various portfolios with varying levels of risk.

However, it does offer globally diversified exchange-traded funds, which you can choose based on your risk tolerance, and there are three main portfolios.

Betterment offers three main portfolios:

  • Goldman Sachs Smart Beta: This portfolio invests based on four specific factors (good value, strong momentum, low volatility, high quality), and aims to outperform the traditional strategy.
  • Socially Responsible Investing: This portfolio helps you align your values with your investments. It includes a strategy which invests in companies that meet SRI criteria.
  • BlackRock Target Income: A portfolio designed for those in retirement or those seeking income with minimal capital losses.
Personal Finance Advice

Vanguard allows you to partner with the pros in helping you achieve your financial goals – if you use the Vanguard Personal Advisor Service.

Your financial advisor will make sure they understand your financial goals and help develop a personalized financial plan you are happy and comfortable with.

Betterment takes more of an automated approach. However, you can still connect with financial experts to get answers to your questions (but you do have to pay).

There are several Betterment one-on-one expert advice packages, starting from $199.

With the Premium plan, you can contact financial professionals directly and get in-depth investment advice – it’s included in the package.

Tax Loss Harvesting

What is tax loss harvesting, you ask? In short, it is a strategy based on selling mutual funds, stocks, ETFs, and other securities which are worth less than what an investor paid for them. This practice uses the loss to offset gains.

If you have a taxable account with Betterment, you may get additional after-tax returns with tax loss harvesting.

If you’re wondering whether tax loss harvesting is a significant benefit, I personally think there’s value in it, but it’s more beneficial for high-income earners who have a taxable investment account.

With Vanguard, there is no automated tax-loss harvesting option – and you’ll need to do the work yourself (i.e., identify lots of shares to sell, etc.). It may be something you can consider doing once you have gained some investing experience.

Additional Features

Vanguard has several excellent educational tools, such as:

  • The Vanguard Blog: Opinions from Vanguard’s leaders and practical financial advice for all your money questions.
  • Investment Insights, Research, and Commentary: You can access expert analysis and economic research to help you boost your confidence in making investment decisions.

Betterment is also right up there with additional features that will help educate and take your money further.

Betterment’s other features include:

  • Resource Center: An excellent place to learn more about finances and get investing insight from the pros.
  • Tools and Calculators: These tools and calculators were designed to help you build your financial plan.
  • Research and Reports: Finally, if you’re looking to gain a deeper understanding of Betterment’s investment methodologies, check out the Research Archives.
Which One Is a Better Choice?

Are you ready for this? The answer is neither – because both of these tools are awesome.

I couldn’t choose one winner because, the truth is, both Vanguard and Betterment are incredibly useful for building wealth.

Betterment

I personally think Betterment is a fantastic way to start, especially if you’re relatively new to the game (even though it’s also ideal for seasoned investors who don’t really have the time or want to re-evaluate their fund options).

Betterment will educate you about your risk tolerance, your needs around your asset allocation and different account types, helping you gain knowledge before you decide to manage your own investments (although no-one says that you should – Betterment could be your first choice even when you have enough experience to go it alone!).

That was what I did – first started out with Betterment, then started investing with Vanguard directly because I have the time, interest, and skills required to rebalance my own portfolio.

Betterment does make things super easy – and is an exceptional tool for Millennials looking to grow their money. Several financial bloggers use it – and I can confidently say that it is a solid choice for anyone looking to start investing.

Vanguard

Vanguard, on the other hand, is excellent if you enjoy managing your own money – and know what you’re doing.

So, perhaps, once you’ve gained confidence and are comfortable doing it yourself (e.g., picking funds, setting up your own automation, rebalancing, etc.), you could then open a direct fund with Vanguard.

Alternatively, if you have the required funds, you could sign up for the Vanguard Personal Advisor Service and enjoy being able to call up your own personal financial advisor anytime. After all, Vanguard is a reputable, well-established company with decades of experience – and there are few better choices out there.

Invest with Betterment or Vanguard Today!

So, there you have it. No winner, just two equally impressive contestants.

I hope that my detailed comparison of these investment companies will make it easier for you to decide which is best suited for your preferred investment style and your financial goals.

As someone with many years of investment experience, I can confidently say both of these tools offer some excellent investment strategies for low fees.

The post Betterment vs. Vanguard | Compare Which Is Best appeared first on Millennial Money.

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Ah yes, college. The best four years of your life. You want to enjoy every second of it, so why would a crazy person, me, tell you to spend some time at college working? The benefits outweigh the cons.

When you go to college you should fully commit to your education, but working during college does not take away from it, it actually improves your commitment.

So as of 2015, why are only 43% of full-time undergraduate students working part-time, according to the National Center for Education Statistics?

Reasons to Work in College

Here are some reasons why I worked my way through school and you should too.

1. You Need to Eat

Being a college student is the very definition of living the budget lifestyle. For me, it was really important to have spending money for the luxuries, like ramen noodles and two-ply toilet paper.

I had many friends who took out extra student loans to pay for these everyday expenses and even spring break trips.

It was tempting then, but now I see those same friends struggling to pay their bills after graduation. Trust me, it’s really hard to say no, but can you justify paying extra interest on all of those purchases?

Not convinced yet? Let’s do some math.

The current private student loan rates are averaging between 6.5 – 8% APR.

Let’s say you spend an extra $500 of your private student loans on fun items or food.

If you have a 6.5% annual interest rate and a loan term of 10 years you wind up paying $681.29. An extra $180 just in interest.

What if your loan term is 20 years? You’ll find yourself paying $894.69.

2. Student Loans Can Haunt you for Decades

If you aren’t a little uncomfortable taking out student loans, you should be. Two words – compounding interest. In case of your 401ks, compounding interest is great but in the case of your student loans, not so much.

Most student loans compound interest daily meaning that everyday interest is added to your account balance. The next day when the interested is calculated, your previous earned interest is included in that.

Want to learn more about how student loan interest is calculated? Check out this resource.

I’m not saying that you shouldn’t take out loans. You should, however, take time to learn the basics about your loans before you sign. That way you know exactly how and when you’re going to have to start paying them back.

Want to learn more about all of your government and private loan options, check out.

3. College Jobs Teach Time Management

I took 15-18 credits every semester, was involved on campus, and worked 20+ hours a week. I could not have survived my work-life-school schedule without time management.

Invest in a planner or use a calendar app on your phone. I promise it won’t kill you, you might even like it.

Working forced me to be at places at certain times. It trained me to wake up on time and be truthful to myself about my responsibilities.

Once I started working, I didn’t see the point of skipping a 50-minute class if I had to be at work right after or vice versa.

4. You Learn Money Management

There isn’t a class to teach you everything you could ever need to know about your finances. Having a job (and reading great blogs like this one) will help you build knowledge foundation.

College jobs will help you become familiar with tax forms, pay schedules and paycheck deductions.

Having a job can begin to teach you the ins and outs of investing.

5. College Jobs Build Your Resume

The ultimate reason why I went to college is to get a job that I enjoyed. Well, I’m here to tell you the job market is still really competitive, especially for entry-level positions.

There will be so many others with your exact degree so you have to take time to learn what makes you stand out.

Having jobs in college, even if they don’t totally relate to your field will help you do that.

6. You Acclimate To Your Work Environment

I’m lucky, I knew what I wanted to do before I graduated high school and stuck to it. I knew I wanted to write and be in an office, so it took time but I found jobs working in the places that I wanted to work in the future.

Learning the ins and outs of a workplace can take time so if you can do it before you even graduate it makes you a much stronger candidate.

7. The Networking from the Job

Stop rolling your eyes. Trust me, two years ago I was you. Honestly, I didn’t know how to network and I didn’t realize that working allowed me to network without even realizing I was doing it.

Working in a different place than you attend classes will allow you to meet new people and expand that social circle.

Even if you’re just working with other students, don’t write it off. One of those students might just be able to help you secure a job one day soon.

8. Connect to Campus or Your City

Finding an on-campus job will help you form a unique connection to your college campus that you wouldn’t be able to form just by taking classes.

If your college is in or near a city that you would love to live in post-graduation, now is the time to connect with it and make your mark.

Professionals are so willing to sit down with a student for lunch and help you in any way that they can, so take advantage of that. What are you waiting for? The worst they can say is no!

Working your way through college will not make you a social leper or cause you to fail out of school. Not sure where to start? Try contacting your school’s career services.

They can help you start the search for a part-time job and will understand your potential hesitations.

What to Look for in a College Job 1. Something with a Set Schedule

Having a set schedule will make it easier to plan your classes and stick to your study times.

2. In Your Field

This can be hard, but the work experience will be worth the stress of finding this great job.

3. More Than Minimum Wage

I know, easier said than done. A few dollars more an hour really does add up.

4. A Place That Will Put Your Education First

Many workplaces around college campuses understand that your education needs to come first. This might even mean they will let you take off time around big tests or finals.

See, working your way through college really isn’t that bad. It will be tough, but there is no better way to prepare yourself for the job market

By: Rachel Quinn

The post 8 Reasons To Work Through College appeared first on Millennial Money.

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Millennial Money by Grant Sabatier - 1w ago

If you’re like me, today’s student loan marketplace probably feels completely full of refinancing offers. And that’s great – giving graduates the ability to refinance costly student loans goes a long way in promoting financial independence for recent graduates and working professionals. Our student loan refinancing guide is a great introduction to the world of student loan refinancing.

But, what about securing a student loan in the first place?

Understanding your educational needs and financial goals upfront will save you money in the long run, and put you in a position where refinancing isn’t as necessary five or ten years down the road.

Whether you are thinking about going to college, want to go back for a graduate degree, or are simply new to student loans, this article will explain everything you need to know to get started. 

Federal & Private Student Loan Options in 2019

It’s super important to understand which types of financing available for the type of degree you’re after and at a particular university.

You should also know the difference between private and federal loans in order to find the best option for your situation.

Let’s cover federal first.

Federal Student Loans

What are Federal Student Loans?

To put it simply, federal student loans are funded and provided by the Federal Government. While there are different types of federal loans, they often offer specific benefits over private loans, such as income-based repayment plans and fixed interest rates.

In addition to being fixed, these interest rates are often lower than those you will find with private loans. These benefits alone often make federal loans more appealing to borrowers, in addition to being backed by the government. If you have a federal student loan and want to figure out how much you owe, check out the federal government’s website to search for your loans at StudentLoans.gov.

Federal loans also allow many borrowers to defer loan repayment for current students. This means you probably won’t have to start repayment until graduation, or you become a student enrolled at less than half-time. If you find yourself having difficulty covering your monthly loan payments, you will probably have more flexibility in finding a repayment solution that fits your current financial situation.

Federal student loan programs include:

  • Direct Subsidized Loans
  • Unsubsidized Loans
Direct Federal Student Loan Program

Subsidized and unsubsidized loans are often known as Stafford Loans and Direct Stafford Loans. They are available through the U.S. Department of Education and allow borrowers to attend four-year universities and colleges, community college, career or technical schools. Subsidized loans are available to undergraduates who demonstrate the need for financial aid, while unsubsidized loans are available to both undergraduate and graduate students who are not required to show the need for financial aid.

What’s the difference between direct subsidized and unsubsidized loans?

The U.S. Department of Education will pay the interest of your subsidized loans while you are in school (at least half-time), for the first six months after you graduate, and during a period of deferment. With unsubsidized loans, borrowers are responsible for paying interest during school, the six-month grace period, and periods of deferment. Otherwise, the interest capitalizes and is added to the principal balance of the loan.

Subsidized Loans
  • Interest accrues after school.
  • 6 month grace period following graduation or program completion.
  • Interest not capitalized.
  • Gov’t covers interest during periods of deferment.
  • Grad students are ineligible.
Unsubsidized Loans
  • Interest accrues during school.
  • 6-month grace period following graduation or program completion.
  • Interest is capitalized and accrues during deferment.
  • Higher interest rates for graduate students.

Remember, to qualify for a subsidized loan you need to meet the following criteria:

  • Be an undergraduate student
  • Be enrolled in school at least half-time
  • Demonstrate Financial Need
  • Be enrolled in a program that leads to a degree or certificate
Federal Perkins Loan Program

Federal Perkins Loans, also known as Perkins Loans, are available to undergraduates, graduate students who have demonstrated a higher level of financial need. Perkins Loans also have a low interest rate at 5%. Your school is the lender with Perkins Loans, so all of your payments will be made directly to the school or the school servicer. Heartland ECSI is one large servicer of Perkins Loans across the country.

Keep in mind though that not all schools participate in the Perkins Loan Program, so be sure to check with your school’s (or prospective school’s) financial aid office to see if this type of student loan is available to you.

Federal Family Education Loan Program (FFEL)

The Federal Family Education Loan Program officially ended in March 2010 and previously was the second largest federal loan program. Through the FFEL Program, private lenders were able to make loans guaranteed by the federal government. As you can imagine, this program provided a substantial benefit to private lenders by insuring private lenders against default. The Federal Government also partially subsidized the loans by paying fees the private lender would otherwise need to cover.

Since this program is now defunct, it’s important to know how carrying an FFEL loan impacts your ability to pay it down. FFEL loans are not eligible for all federal repayment programs. In order to make yours eligible, you’ll have to consolidate them into a Direct Consolidation Loan. This effective converts your FFEL loan to a direct loan, thus making it eligible.

Interest Rates for Federal Loans Disbursed Between 2017 & 2018
Loan TypeBorrowerInterest Rate
Direct Subsidized/UnsubsidizedUndergraduate4.45%
Direct UnsubsidizedGraduate6.00%
Direct PLUSUndergraduates/Parents7.00%
Perkins LoansUndergraduate/Graduate5.00%

*Data provided by Federal Student Aid, an office of the U.S. Department of Education

Before we dive into private student loan lenders, you should always see which federal loans and grants you are qualified for first. Do this by filling out the FAFSA Application for Student Aid, run by U.S. Department of Education. Federal loans often have low fixed rates and are guaranteed by the Federal Government.

Private Student Loans

Before going any further, I want to be clear that this section covers private loans offered to students while attending a college or university. For those who need a private loan or are looking to supplement other federal lending options, the rest of this post will guide you through other private loan options that give you the power you need.

In addition to loan options offered by the Federal Government, undergraduate and graduate loans are also available through private lenders, like Credible. Though not as commonly used by students at first, private loans are available through commercial lenders, state-based programs, and sometimes directly through colleges and universities. While your initial thought might be “that’s great to have a loan option OTHER than the Federal Government,” there are some potential pitfalls that borrowers should be aware of.

Disadvantages of Private Student Loans

First, private student loans don’t usually offer the same number of repayment options as federal loans. In addition, since your ability to obtain a private loan depends largely on a student’s (and often their parents’) creditworthiness, interest rates can vary quite a bit and can potentially be significantly higher than those available through one of the federal options we discussed earlier.

A huge element of borrowing from a private lender for school is the frequent need for a cosigner

Anyone considering a private loan should take a close look at a number of different factors, including interest rate, total cost of the loan, Annual Percentage Rate (APR) and length of repayment.

Private Loan Options

While federal options may provide many students with the best initial option in taking out a student loan, they don’t always cover the full cost, especially when you consider housing and food needs while getting your degree. Graduate students are often more likely to need private loans in addition to any federal loans to cover the additional expenses and restrictions tied to getting a master’s, MBA, law or even Ph.D.

We have listed five private lenders below to help you get familiar with the different rates currently offered. We do our best to update our posts to reflect current interest rates, but always confirm the loan terms with a lender before taking out a loan!

How to Choose a Private Student Loan

I wish there was a one-size-fits-all solution here. But as you can imagine, everyone’s situation is unique.

You have to factor in the loan amount, the type of degree you’re working towards, your credit history, whether you have a cosigner, and more. Before deciding on any lender, be sure to shop around with different lenders to see who can offer the best rate. Knowing the difference between fixed and variable rates will help you strategize long-term when it comes to loan repayment.

Repayment Options

If repayment flexibility is a priority for your loans, call up prospective lenders and ask directly about what options you will have after graduation. Private loans tend to have stricter repayment terms than federal loans. When faced with financial difficulties, it’s helpful to have forbearance, deferment and loan modifications.

Loan refinancing is another option for those who qualify. If things are going well financially, you might be able to snag a lower interest rate refinancing your student loans.

Different Types of Student Loans for Different Needs

Now, you should have all of the information you need to decide which type of student loan is best for your needs.

We also have some additional great resources to check out if you are interested in more information about student loans.

I have already mentioned our student loan refinancing guide, and once you have your loan, our post on the 7 simple ways to get out of student loan debt will help you pay that student loan off even faster!

The post Types of Student Loans appeared first on Millennial Money.

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What if you could retire early and travel the world forever? As crazy as that might sound to you, it’s actually possible and not only that, I know two people who’ve done it. Oh, and they’ve written a book to teach you how to do it too. As you know I read a ton of money books, and it’s really hard to impress me.

But in Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required my friends Kristy and Bryce have written one of the best books on money I’ve ever read. What makes this book so good is that there’s no fluff and they have a ton of original strategies on how to travel the world forever. Yes, you read that correctly, travel the world forever.

How To Retire Early & Travel Forever

Kristy and Bryce are Canada’s youngest retirees, retiring in their early 30’s to travel the world full time. Pretty early on in their travel journey’s they figured out that it was cheaper for them to travel the world for a little under $40,000, than it was staying at home!

We live in such a remarkable time, where’s it’s both never been easier in history to make enough money to live a life you love, and it’s never been more affordable to travel for free with travel hacking and geoarbitrage.

Here they are on the Financial Freedom Podcast sharing exactly how to do it….but you can only cover so much ground in 45 minutes and there is soooo much more in the book! But definitely check out the video or the audio below.

Subscribe to the Financial Freedom Podcast

Quit Like A Millionaire Book Review

Here’s my blurb for the book….and how I really feel.

Quit Like A Millionaire is about so much more than making money, traveling the world, and retiring early (although it teaches you how to do all three insanely well!). It’s a new roadmap to living an awesome life! You don’t need to settle for status quo. Life’s too short for that. So don’t. This book will both inspire and entertain you, while actually giving you the steps and mindset to become a millionaire. Retiring early isn’t easy, but it’s never been easier in history to make it happen. There’s no fluff here. This is the real deal.”

Grant Sabatier, Author of Financial Freedom and Creator of Millennial Money

I loved this book so much. It is so full of life and color and beautifully written. I expected a lot, but was blown away. This is unlike any other money book I’ve ever read and will inspire a ton of people. Quit Like A Millionaire is the perfect balance of story, tactics, and motivation.

I’m not just saying that because they’re my friends or because I featured them in my own book Financial Freedom: A Proven Path to All the Money You Will Ever Need. This book is seriously legit and worth a read no matter where you are on your financial independence journey.

It’s without a doubt the most entertaining money book I’ve ever read, simply because Kristy’s story is so engaging. I read the entire book on a 6 hour plane ride and literally laughed out loud. I can’t ever remember laughing that hard reading any book, let alone a personal finance book.

Another thing I like was the incredible amount of detail in the book, with many charts and graphs to illustrate the most important points and key takeaways.

7 Key Takeaways from Quit Like A Millionaire

Among the many topics covered in the book here are a few that stuck out to me at each stage of their financial journey.

1. Make as much money as you can: Kristy and Bryce didn’t follow their passions because there wasn’t any money in them. Instead they got lucrative jobs (engineers), which allowed them to invest over 50% of their income so they could get as much money as possible growing and working for them.

2. Rent instead of buying real estate: While I personally believe that real estate investing is the fastest path to financial independence, Kristy and Bryce convincingly share their strategy for why the didn’t invest in real estate. This section of the book is incredibly counterintuitive and I learned a lot.

3. Live your own life: It’s up to you to decide what kind of life you want to live. Kristy and Bryce wanted to travel forever, so they viewed saving as an opportunity, not a sacrifice, and it made it easier for them to live their own lives despite how the people around them were living.

4. Invest to create enough consistent cash flow to live on in any market conditions: In order to fund their “permanent vacation” and travel the world forever, they built what they call a “yield shield” with their investing portfolio, where it generates enough cash for them to live on no matter what is happening with the stock market.

5. Keep your cost of living as low as your comfortable with: They are able to live almost completely outside of inflation by moving from country to country where the cost of living is often significantly cheaper than their home country of Canada.

6. Keep your cost of living as low, but live like royalty outside the U.S. and Canada: They are able to live almost completely outside of inflation by moving from country to country where the cost of living is often significantly less.

7. Travel smarter: It’s never been easier to travel for less and the more you learn about travel hacking the more money you can save on plane tickets, use credit card rewards, Airbnb, food, and more. While it can take a little time to learn how to travel for less, the savings and benefits, just like money, compound over time.

and so much much more….

There is so much in this book that you definitely have to read Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required. I can’t wait to hear what you think!

The post How To Retire Early & Travel Forever! appeared first on Millennial Money.

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