Multiple Income Streams: It’s A Must

When you think about your finances, chances are you evaluate the basics. You look at the money you earn from your primary job, and… well, that’s pretty much it. Making the most of your paycheck is the best way to go about securing your financial future, after all.

Or is it?

The reality of the modern workplace is that life can switch on you faster than you can expect. You can find yourself out of a job for a variety of reasons, many of which will be nothing to do with you or your job performance. If the economy crashes, your company goes out of business, or there’s just a downsizing that you’re the victim of – you’ve done nothing wrong, but now your monthly income grinds to a halt.

If a financial future is ever going to be secure, then you need multiple streams of income to allow you to keep making money whatever happens. This allows you to know that if one stream dries up, you have several other options to keep the funds flowing while you search to replace the lost one. It can be the difference between managing your finances successfully and managing them into a black hole.

For most people in full-time employment, taking a second job just isn’t an option. So what are the other ways you can ensure the money keeps coming in if your main job takes a turn for the worse?

1) Hire Components Of Your House

The components we’re specifically referring to are any spare bedrooms you have or your driveway. Both can be rented out; the latter particularly if you live near a sports ground or industrial complex.

Taking in a lodger might sound like something you would never consider, but you’d be surprised at how simple it can be – and how much money you stand to make. Some people have found it gives them a chance to keep themselves afloat when their financial circumstances change, to the point of allowing them to keep their home.

Keeping ready for the possibility of doing these things is fairly simple: keep your spare room and driveway in good shape, well maintained, and ready for use if you need to put them into action.

2) Claim What You Deserve

Many people have mental hangups about claiming from the government, but needs must when it comes to keep your finances secure. Given the taxes you have paid in your lifetime, it’s only prudent to ensure that should something change with your financial affairs, you have the support you are entitled to.

If, for example, you have to leave your primary job due to ill health, you will be entitled to government assistance. Make sure you consult with the likes of www.LaPorteLawFirm.com if you have any problems claiming. The same goes for unemployment benefits and other forms of social security – they’re there for a reason, so don’t be shy about claiming.

3) Start A Blog

If you have a particular area of expertise, then blogging about it can be potentially lucrative. The likes of www.BloggingBasics101.com have foolproof guides to get you setup, and before you know it, you could have a revenue stream all based on a subject you’re passionate about.

Real Estate Pitfalls Laid Out By Uncle Sam

There is a whole host of reasons that make the US an attractive proposition when it comes to investing in overseas real estate. The markets have not only recovered; they are starting to boom again. The choice is almost unrivalled and the chance to make a buck or two is definitely possible. To top it all of, you have a guy that is desperate to make Uncle Sam great again, whether you like him or not.

However, pitfalls pave the way to most successes, which is why you need to know what mistakes are out there and how you can best avoid them.

Don’t Ignore The Taxes

If you have a backlog of property investments to your name then you’re going to know this hard truth; the profitability of your investment depends upon taxes. The more you are aware of the more profit you can hope to make. That’s why we suggest you do your homework. Know what legal tax breaks you can be afforded, or what write-offs you can use, as well as any deductions you could be awarded. Terms such as section 1031 aren’t used outside the US, but they are a fantastic way of growing your portfolio while avoiding capital gains tax.

Make Sure You ‘Get’ The Process

Buying a property overseas always comes with its nuances, but the USA is packed full of them. The terminology, the legal requirements, the insurances, and even variables that change from state to state. It makes sense to have these protections in place, though, especially considering this is a fast-track way for many to get a green card. For that reason, always get the guidance of EB-5 lawyers and specialists, people in the know that can talk you through a process and help make sure you don’t become one of the many that see their application denied simply because they didn’t understand the process.

Don’t Fall For The Trends

Never make a permanent decision based on a temporary opinion or temporary emotion. That is one of the golden rules of life and certainly American real estate. As such, don’t base your decision to invest somewhere solely on a ‘best place to invest today’ article; do your own due diligence. If you fancy the idea of Miami, then check it out first because you’ll suddenly realize how high the poverty rate is. These kind of facts are not going to be highlighted in marketing documents or sales pitches. So make sure you are doing as much legwork as possible and, if you can, go with a transparent real estate advisor; someone you can trust or someone who has been recommended by someone you trust. But always check out what they are saying.

Avoid Rush Hour

Rushing into a real estate investment is a pretty bad idea, especially with the US. We know there are dangers in dragging your feet for too long, but there is little worse than buying a place because it was a nice off-plan development in a city you have actually heard of and the rental yields are okay.  It is just not the way to successful gain a nice long-term financial reward.In fact, it aligns itself closer with ways to ruin your investment than to improve it. By all means be proactive and set a loose deadline so you don’t miss out, but look at the numbers, crunch them as hard as possible, and have a contingency plan just in case.

Why the New Samsung Galaxy S8 Is More Affordable Than You Think

You might be intimidated by the idea of buying a brand-new smartphone due to its cost. Indeed, paying top dollar for a phone that might depreciate in value can deter people from getting a new phone upon its release. Consumers can also face obstacles with the yearly upgrade cycles pushed by phone manufacturers. The Samsung Galaxy S8 can change those fears: Learn about some reasons why the new Samsung Galaxy S8 can fit well within your budget.

Take Advantage of Financing Options

Are you someone who prefers to save up for everything you buy? If so, this great strategy can serve you well in most cases, but this approach won’t work with a smartphone. Smartphones are constantly evolving with technology, and their prices evolve as well. Even though you may not be impressed with flagship phone specifications, you’re still better off buying a high-end phone for longevity. By the time you save up enough money to buy the phone, you’ll be stuck with an inferior device that won’t last as long as one from the top of the smartphone release cycle.

You don’t deal with added interest when you finance a Samsung Galaxy S8 through a wireless services provider such as T-Mobile. Instead, the phone gets offered to you at full retail price or the option to finance. If you choose to finance, you’re financing the retail price less a deposit, and each payment you make goes toward the principal with no added interest. You make payments for two years, but you don’t pay a penalty for prepayments on the phone.

Save Money With High-Value and Low-Cost Service Plans

Cellular service used to subsidize the cost of the phone with the plan. This approach made cell phone plans expensive, especially if you wanted an all-inclusive plan to prevent overage charges. But when you buy a Samsung Galaxy S8 and get a phone plan that fits your budget on T-Mobile’s reliable network, you don’t have to spend a lot to get a lot. T-Mobile recently purchased a large block of the wireless spectrum, which means cellular signals reach farther than before, enabling you to use your Samsung Galaxy S8 just about everywhere you go.

Don’t Wait for a Phone to Drop in Value

Some phones such as the Samsung Galaxy S8 don’t suffer from a major loss in value over time. Plus, you’ll have a harder time finding new stock the longer you wait to buy. You could pay close to brand-new pricing for a phone that’s used or refurbished. While that idea says a lot for the quality and desirability of the phone, you’re stuck with an older phone that’s on its second owner and isn’t as good as it was when the device was new. Think about this example: You buy an older phone from a private party and the phone was never refurbished. You’re now dealing with shorter battery life and a processor that may not perform as well due to varying environmental factors. 

Start fresh with a brand-new phone so that you can enjoy its features without worrying about a bad rebuild or hidden damage. You also get satisfaction when you know that a phone that works the way it’s supposed to and won’t suffer from a loss of performance due to age.

Understand That Quality Specs Translate to Device Longevity

When you buy a new phone such as the Samsung Galaxy S8, you get the best of the best available at the moment. And that quality build pays off over time due to the high-end specifications. While you’ll find that buying the phone when it’s released is more expensive, you get value for the phone in the form of years of use. Even if you’re paying the phone off over time, you’ll still have a phone that stays working for at least another year if not longer. 

When spending a large amount of money, you naturally want to make calculated decisions. But you can get satisfaction with a new device like the Samsung Galaxy S8 without paying out-of-pocket expenses when you take advantage of financing options that can make this phone an affordable purchase.