WHATS A BOND

Most people will not buy a bond, but after learning what a bond is and what it can do for you, your going to want to purchase some as soon as possible. As a investor you always want to diversify your investments, any 401k manager or financial advisor will tell you that. That is part of the reason why ten percent of your 401k generally includes bonds.

GENERALLY

In general, a bond is issued when a entity (company or government) needs funding for advancement or backed expenses. Just like a certificate of deposit, with a bond you can only redeem your investment at a specific time. Bonds can be redeemable anywhere from 1-30 years. These type of investments are normally considered low risk in comparison to stocks. Typically the interest you gain from bonds are enough to protect you from inflation.

TYPES OF BONDS

Treasury Bonds – Are issued by the government.

Corporate Bonds – Are issued by corporations for profit.

Agency Bonds – Are issued by federal agencies.

Municipal Bonds – Are issued by cities, states, and countries.

The best bond to invest in, is debatable, but what I prefer is municipal bonds. The reason why I prefer municipal bond is because municipal bonds, are generally exempt from state income tax in the state where the bond is issued. Also municipal bonds are generally moderate risk but can be high, which means this type of bond will give you a pretty good return.

Thank You

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CD’S OR HIGH-YIELD ACCOUNTS

CD’s and High-yield Accounts are both safe investments, but depending on your investment style you may choose one over another. In this post your going to learn about the differences between CD’s and High-yield Accounts, but before that what is a CD?

CD

A CD is a Certificate of Deposit held by banks, credit unions, and other similar institutions. A certificate of deposit is a timed account which means it matures or you can take out the money only at a specific time. Which can be one month to a year or more depending on the contract of the CD. With a CD you can get a fixed interest rate, which makes it one of the most safest investments because unlike stocks the returns don’t fluctuate.

If you know you dip into your savings account a lot. I would suggest getting a certificate of deposit, mainly because your money will be safe as well as hard to get to. That way you can save more money for larger purchases or bigger investments in the future.

HIGH-YIELD ACCOUNTS

High-Yield accounts are similar to certificate of deposits when it comes to choosing safe investments. All though, the interest rates of a high-yield account are variable (they change.) Unlike certificate of deposits, high-yield accounts are liquid. Which means you can take out the money at any time.

This investment is best for an individual who knows how to save large sums of money, but still needs access to their money for business or larger investments.

I personally use a high-yield savings account so I can still get a return on my money as it sits in my account. I use the money in my high-yield account for other investment opportunities or emergency expenses, such as when my car breaks down. At the end of the day your spending habits should let you know if you should get a cd or high-yield account.

Know yourself and always remember “saving is important.”

GOOD FINANCIAL HABITS

If you want to be the next millionaire in town, build your income, or save for retirement its important to form good financial habits, but what do good financial habits look like? In this post your going to learn about three key strategies that you can implement for 30 days and form as good financial habits.

Well my name is Caleb and just to tell you a little bit about my self, my first job was hell to me. I was working sixty hours a week in a factory and spent most of my money just getting to and from work, until I found these three financial strategies that I now formed as habits. Now I work at a better place, getting paid more for doing less, and now I can say that my job is not my only income.

Mental Budget

So lets jump into the first good financial habit, the Mental Budget. Many millionaire’s can tell you off the top of their head, what they have earned and where they have spent their money on. You can do it too, but on a smaller scale. All you have to do is calculate what you have earned after tax per month, add up all your monthly expenses (earnings – expenses = actual income.) Then you subtract your expenses from your earnings to figure out your monthly actual income. If you divide your monthly actual income by four, you get your weekly spending budget. For me my weekly spending budget is twenty dollars. Now all you have to do now is focus on your weekly spending budget, so each purchase you make each week you substract from that number to stay in budget.

Justify Purchase

Why do you buy the things that you buy. Some people focus on buying name brand products, but ignore the no name brand. Just because you are familiar with a product does not justify the price, don’t buy it if the price makes no sense that’s nonsense. No name brands can be just as good and a better option because the price is justifiable. You shouldn’t pay for a brand, you should pay for a product.

BUY WHAT LASTS

When businesses are purchasing there assets they look for things that last to save on their break down cost. So why not use the same method, when I was in college I started using this method for food. I will focus on purchasing rice and pasta because they had a longer shelf life, then I was able to buy the food that went well with those types of products. You can buy cars that lasts, computers that lasts, shoes, and so on. Focusing on what lasts saves money for the long run and puts it back into your pocket. Have you ever drank a glass bottle coke and kept the glass bottle to see how long the glass will last, Try it.

WHERE IS THE MONEY ?

During COVID-19 individuals have been loosing almost everything including their jobs. So for this post I want to focus on giving you the tips to save money, so that you can work your budget even harder.

Ever since I first started working, I have been practicing different forms of budgeting. For example, I went through apps, reminders, and automated billing.

What surprise me was that even though these methods helped, it did not prevent me from buying unnecessary things.

I had to figure out how to prevent myself from making small purchases that threw my budget out of whack, I needed to make it difficult to purchase things, but readily available for primary expenses.

Like rent, car payments, insurance, and etc.

So I came up with a way to measure and prohibit me from going out of budget, and it was as simple as me starting another account.

A lot of individuals don’t use their savings account and most likely its because they think they don’t have enough to save.

Here’s the catch they don’t look at there savings as temporary storage. What I mean is this, if you put all your money in your savings and only put the money you originally should be saving into your checking. You will not be able to spend more because its not readily available.

With this budgeting plan you can pay your bills through your savings, plus what ever is leftover you leave in your savings.

The only reason why this method worked for me is because of my debit card which is only linked to my checking.

WARNING: each bill that you have to pay must be connected to your savings account, so that your checking will not be over drawn.

Thanking you for taking the time to read this post

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if this helped you let me know.

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How to Rebuild Your Credit

Having good credit can open several doors and possiblities such as opening a business, buying a home, financing a car, and more. Although, if you have bad credit you can not get any of those things. Luckily there are ways to rebuild your credit.

You can rebuild your credit by paying off loads of debt or by going to a credit repair place to dispute some of your credit card charges, backed up payments, and even most loans.

Be aware that some of these companies are scams and will still take your money even if they dont fix your credit.

I ended up doing a little research to find a respectful company through the better business bearu called:

DISPUTEBEE

Disputebee is a credit repair software that helps automate the process of sending dispute letters. Just import your credit reports with one click and dispute negative inaccurate information.

So with Disputebee you don’t have to deal with the shady credit repair scammers.

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HOW DISPUTEBEE WORKS

1.) Import your credit report, and don’t worry the Disputebee software will walk you through the process.

2.) After uploading your credit report you will be able to pick the things you want to dispute and take off the report. DisputeBee, will create letters for you to print out and send to the credit bureaus. So the software helps you leverage laws like the FCRA which often results in these items being removed from their credit report.

3.) After you mail your first round of letters to the bureaus, you will wait for a response and then upload it into DisputeBee. It often takes multiple rounds of correspondence with the bureaus to see any items get removed or for any information to be corrected.

Getting rid of debt has never been this easy and all you have to do is follow the three steps and the first step starts here: https://disputebee.com

If you want to learn more tips on getting out of debt follow the blog, be sure to leave a like, and always know that your feedback is wanted here.

THANK YOU!

The Investor’s Rules

In this post we’re going to look at Benjamin Graham’s point of view on how a traditionial investor behaves and the rules that investors use to make major profits. These rules will guide us on how to invest like a pro.

Benjamin Graham is an American Ecomonist, Professor, and Investor. He is widely known for Value Investing. Benjamin Graham also taught the famous Warren Buffett.

1.) When buying a share of a company, the corporation should have a long history of dividend payments.

The reason you want the company to have this type of history is so that you can make extra money. Make sure to look at how much your getting in dividends. More isn’t always best in this case. Higher divident payments can make it harder for the company to pay you.

2.) Benjamin Graham talks about two types of investors in his book “The Intelligent Investor.” He states that there is a defensive and a enterprise investor. He goes on and tells his readers that the intelligent investor learns how to be both passive, and defensive by putting 25 percent in bonds and 75 percent in stocks.

He also states that if you can’t handle risk, than you should invest 75 percent in bonds and 25 in stocks.

3.) Always pick a stock that is undervalued and don’t follow the hype.

Wouldn’t you rather buy a product that is cheap but has good quality. Why not do the same with companies.

A way you can see if a company is undervalued is by:

– Looking at the PE/RATIO.

– Looking at the companies performance.

– And looking at how much debt the company has taken on.

PE/RATIO

When your looking at a potential stock, you would like the PE/RATIO to be normally below 10 or 15. This will show you that if the stock price is too high or just right.

PERFORMANCE

To view a Companies performance you will have to look at how much income the company made after tax, debt, and liabilities. (I look at the income statement to see performance results.)

DEBT

You will always need to keep a close eye on how much debt a company takes on. This will show on the balance sheet under liabilities or if a company wants to be sneaky they will just write it out in confusing words. The best companies are able to survive economic disasters by taking on less debt and cutting regular expenses. So during economic disasters great companies will be highlighted red, but on the spread sheets great companys will have higher profit margins than their competitors.

I hope this post was helpful, and don’t forget to follow my feed to see my latest post!!!

More Money, More Ways?

WOW! This is a problem, why don’t people know how to make money without breaking their backs for it. Wouldn’t you like to learn how to make your money work harder than you?

Of course you would, who wouldn’t? I guess the only people who don’t want to learn more ways in making money, are those who overthink it.

OKAY! “News Flash” It doesn’t take a degree to learn this.

News Flash

You don’t have to be this guy with his arms crossed, who is probably going to be working for someone his whole life. Forget this guy. Let’s learn a new way.

LET’S LEARN FOREX!

Forex aka the “Foreign Exchange Market” is like the stock market, but (some might say) better. We can learn how to make “MORE MONEY” in Forex by answering these questions:

WHERE DID THE FOREIGN EXCHANGE COME FROM?

HOW DO I MAKE MONEY IN THIS?

WHAT DO I HAVE TO DO TO GET STARTED?

Foreign Exchange is based on switching (exchanging) different types of foreign money, such as euros or pounds.

WHERE ?

The Foreign Exchange began during the biblical times, in this period of time the people exchanging currencies were called “Money-Changers.” The Money-Changers simply charged a fee or commission on each trade.

Holy Land

    The first recorded site for Exchanging was in the “Holy Land” but now since technology came out its on your phone or online through Forex.com.

HOW ?

The way you can make money in the foreign exchange is not just through commission anymore. You can make money in several ways:

  1.  Holding – Waiting for the value of a promising countries’ currency to go up.
  2. Trading in Bulk – Purchasing in quantity, waiting for a slight increase to sell.
  3. Options – You can make money through betting, if a currency is going to go up or down.

how

    With options, you’re going to be trading the right to the currency and you can choose whether its going to go up or down. If your predictions are right, you can make a lot of money, but it is very risky.

WHAT ?

There are several places to start, but the best news is that you can start with as little as $50 at Forex.com. When I started using Forex, I only used $50 to get started and to make sure I was doing everything correctly I downloaded a demo app to learn how to use market information.

Forex

In summary, we talked about where the Foreign Exchange came from (The Holy Land) and how we can make money in the Foreign Exchange, by holding, trading in bulk, and selling options. Lastly, what we need to do to get started in the foreign exchange market is to invest a minimum of $50 on an app called Forex.com, and don’t forget to study with the demo apps for Forex.

Thanks for reading, and don’t forget to like this post and comment!

Be The Bank

www.trading-the-forex.netBanks happened to be one of the most profitable businesses, and not just because of the credit cards they offer. The way Banks our making their money is from interest. They get interest not just from common folks opening up credit cards, but other businesses as well. The way they make money from other businesses is through “Chip Readers.” Chip Readers can take up to 35% per transaction, other Chip Readers take a monthly fee. What I’m going to show you is how to be like the banks and rack up on interest. Ways you can rack up on interest is:10.jpg

  • Loaning out money through sites like Lending Club.
  • Loaning out money for real estate through sites like “Fundrise.”
  • Investing some money into other currencies through companies like Forex

Loaning money out can be very difficult at times, but through sites like Lending Club you are able to get back anywhere from 7% to 14% in interest on the money you invest into a individual. To make sure you are confident about the people you are loaning money to they provide you the credit score’s of the individuals who you think are a good candidate. This type of investing is called peer to peer lending, Lending Club is just an example there are other peer to peer lending companies available. With peer to peer lending there the minimum you can loan is $1000, the companies also take a fee of 2% or 3% of the interest made from investing.

The second way that I presented on how to gain interest is through “Fundrise” and Fundrise consist of a pool of investors investing into a property and receive an interest of approximately 5-12 percent considering how much risk you want to take. I am personally invested into this program and so far made more money from this account than my high yield savings account, but there is a fee which isn’t much so far they took only $0.44 out of my account. Then again I only have 1000 invested, but doing a little more research on Fundrise “The eDirect offerings — eREITs and eFunds — pay a 0.85% annual asset management fee. In addition, clients of the investment services and management system pay a 0.15% annual investment advisory fee, although this may be waived in certain circumstances.

Foreign Exchange

The foreign exchange market is arguably the largest market across the globe 

Written by: http://www.trading-the-forex.net

one of the greatest ways to invest and it’s because when are economy is plummeting another economy will be thriving. It is similar to when your researching a stock, you have to read about different economies to see when or if their currency will change for the better or worse. When I was dealing with Forex, I was able to get 10 percent back from my investment. There are always tricks and tip to use for Foreign Exchange such as tracking financial news daily, staying away from Forex bots, and using margin wisely. I can’t explain this massive investment all in this post so I’m making a separate post to let you in all the details, but until next time, Let me know if this post was helpful to you

!!THANK YOU!!

For visiting: http://www.thewayisave.blog

Passive Income

Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, so dividends and Interest would therefore be considered passive.

quoted by: http://www.investopedia.com

I have read, listened, and saw plenty of CPA’s, Real Estate agents, and Financial Advisors talk about passive income; but their are only a few to do while in college with limited funds (money).

The first one is my favorite which is a High Yield Savings account. So instead of getting a penny $0.01 a month for every $1000 dollars, you have your getting $2 a month that’s a huge difference. The reason why this is my favorite type of passive income is because I am able to invest at a very low risk which means I am less likely to loose my investment.

The Secondary way to create passive income is through Real Estate Pool Investing which gives you over 5% back in interest. Which is pretty cool considering that your only getting 0.09% from your current savings account with your ordinary bank. I currently made $22 from letting my money sit. I’ve been using a popular and reliable platform called, Fundrise. What Fundrise does is raise money for a specific Real Estate Property that gives you back and average of %5 back on what ever you decide to put in. The minimum amount to get started is only $500 and it’s pretty easy to setup.

The last passive income is the stocks market. The reason why I put the stock market as a passive income is because there is a slight trick to making the stock market passive now of course your not going to make as much as active people in the stock market you can still make a significant amount from dividends. Dividends is “money” the company gives the stock holder for per share. Sometimes they give it quarterly or monthly, the best dividend stock out there right now from the time writing this post is “PSEC.”

There many other ways to create passive income. Even some businesses can even be passive. Writing is one of the most passive incomes created, think about the only work you do is to write the book, publish, and promote. This is why many pastors and entrepreneurs write books, it’s an investment that accrues interest over time by promoting yourself.

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SIDE HUSTLES

I know that a lot of YouTubers and Bloggers talk about side hustles and how to make money on the side, but they normally lead you to a survey site that takes forever just to make only 1 dollar. I’m not here to give you another site I’m here to give you an answer.

  • Well let me just start off by telling you what side hustle I did, I helped renovate condos and houses for a Property Owner. I was the one to set the prices for the labor and he was the one to provide the supplies and tools. I made an extra $50 – $500 on my spare time doing this, I’m not telling you to do exactly what I’m doing what I am telling you is to find these three things when looking for a side hustle.
    • Find a need
    • How can you help
    • How much is your help worth

    I started working for a Property Owner through someone I already knew, which was my dad. My dad wasn’t going to be able to help any more and so he ask if I could take his place.

    Find a need

    How many people do you know that are doing something right now for someone else and getting paid for it. There’s always a friend that need to either have their car washed, build furniture, or just need an extra pair of hands. The goal is to point out the majority of people with a specific need that you can help.

    How can you help

    Volunteer your services, through helping others for free at first you will find areas that you are good at and potentially can get paid for. As you volunteer you will be able to figuring out how you can help people, maybe it’s through renovating, baby siting, or taking wedding pictures. Once you find out how then you can figure out who would like your services (potential Clients).

    How much is your help worth

    The Property owner that I was working under told me how much do you think your worth. He wasn’t trying to low ball me, he was trying to see how good I think I am at my job. So I put a number on it, just starting out in “Renovation” I figured I was low quality. So I started low because I knew there was going to be areas I would mess up in. Slowly I started getting higher in my pricing making $300 on one job.

    Eventually once you become better at your side hustle the worth of your work goes up in quality and price.

    WARNING DO NOT CHARGE MORE THAN WHAT THE JOB IS USUALLY CHARGED

    By over charging your decrease client satisfaction. Which means no call backs, no client returns, or scarcity of clients.