Follow me on Blogarama

Binary Options

Don’t Try This at Home: You Are Not Going to Make Money With These Five Side Hustles

Side hustles represent the new American dream: making more money, without going through the trauma of the job search process, or retraining for an entirely new career. But not every side gig is created equal. Pick the wrong one, and you could watch your time and money go down the drain, without a thing to show for it except frustration. The good news is that once you know what you’re looking for, most bogus side hustles start to look a …

The post Don’t Try This at Home: You Are Not Going to Make Money With These Five Side Hustles appeared first on The Simple Dollar.


The Small Bag Experiment

For years, I’ve enjoyed the writings of James Altucher (recommended reading: his book Choose Yourself). Although the man has made millions over the years, in part through a very successful web design company, I recently learned that he is now living out of a small bag with about 15 items in it – by choice, not by financial need. He no longer has a permanent residence and is essentially a vagabond, living with friends and staying at hotels and hostels …

The post The Small Bag Experiment appeared first on The Simple Dollar.


The Forest and the Trees of Financial Independence

A few days ago, I happened across a wonderful article from Erica Johnston at the Washington Post, entitled How one family is sending 13 kids to college, living debt free — and still plans to retire early. It’s a great article about a family that’s navigated the financial challenges in front of them and been able to find success in the areas that most middle-class families hope to achieve: college education for their kids and stable retirement for themselves: “Rob …

The post The Forest and the Trees of Financial Independence appeared first on The Simple Dollar.


Revolving Debt vs. Installment Loans: Why the Type of Account Matters to Your Credit Score

When it comes to how your credit scores are calculated, there are many factors at play. Credit scoring models consider how well (or how poorly) you pay your bills. They also consider what kind of debt you have, and how much of it you’ve got. The list goes on and on, but if you want to earn and maintain great credit scores, you’ll need to perform well across all of the various credit scoring metrics. That means understanding which factors matter, …

The post Revolving Debt vs. Installment Loans: Why the Type of Account Matters to Your Credit Score appeared first on The Simple Dollar.


Questions About Travel Rewards, Water Bottles, Credit Card Balances, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Earning more interest? 2. Carrying a credit card balance 3. Disabled and taking next steps 4. Travel rewards 5. US citizen investing outside US 6. Water bottle when flying 7. Purchase-generating media 8. Trusting international foods 9. Assets included in net worth 10. Pokemon Go as frugal hobby? …

The post Questions About Travel Rewards, Water Bottles, Credit Card Balances, and More! appeared first on The Simple Dollar.


The Disney Hangover: Are Brand-Name Vacations Worth the Price?

If you ask nearly any American kid about their trip of a lifetime, almost all will mention Walt Disney World or Disney Land. Obviously, my kids are no different. They’re both girls and ages 5 and 7, after all, which means most of their waking hours are spent daydreaming about princesses and different ways to have fun. Even though they’d never visited either park until earlier this summer, they were somehow already well aware of Disney and its magic. Starting at …

The post The Disney Hangover: Are Brand-Name Vacations Worth the Price? appeared first on The Simple Dollar.


Eight Numbers That Show How American Families Struggle with Money

When it comes to managing our money, Americans have plenty of room for improvement. Sure, we’re the richest country in the world… but most of us still struggle financially to some extent. Either we’re mired with debt, can’t seem to improve our incomes, or have trouble budgeting for the things we really want in life. These issues are so prevalent that struggling with money has practically become the American way of life. But, why? While it’s hard to pinpoint the root …

The post Eight Numbers That Show How American Families Struggle with Money appeared first on The Simple Dollar.


How to Get a Ton of Extra Value Out of Earning a College Degree

When I first attended college some number of years ago, I really didn’t take the experience as seriously as I could. I kept my grades high enough to maintain scholarships and loans, but I often glossed over my classes and completely skipped out on optional things unless they came with free pizza. The handful of smart things that I did do stand out like a beacon from those years. It was those good moves that really made a difference in …

The post How to Get a Ton of Extra Value Out of Earning a College Degree appeared first on The Simple Dollar.


At Peace with Being ‘Cheap’

A few years ago, I wrote and published a book entitled 365 Ways to Live Cheap. It’s a fairly straightforward guide to frugality that delivers exactly what the title implies – 365 tactics that people can use to reduce their living expenses. It was an enjoyable book to write and a fitting “first book” for someone writing a personal finance website. However, there was one little hitch along the way: I intended to call the book 365 Ways to Live …

The post At Peace with Being ‘Cheap’ appeared first on The Simple Dollar.


FedLoan Servicing: Working With Your Student Loan Servicer

Ready for a shock? Seven million Americans are currently in default on their student loans. A whopping 40% of student borrowers aren’t making any payments at all. That can have far-reaching consequences on your credit history and your life. Federal student loans generally don’t appear on your credit report — unless they’re in default, and that’s going to put a serious drag on your credit for years to come. One way to avoid getting into that kind of hot water …

The post FedLoan Servicing: Working With Your Student Loan Servicer appeared first on The Simple Dollar.