We are in unprecedented times. The world is in shock and awe as this terrible virus swirls around the globe with the President of the United States declaring a national emergency, unlocking billions of dollars to prevent America from falling into desperate times.

For every person in America, there is immediate concern and stress that has come over each one of us almost over night. Where did this come from and why can’t I get my normal life back?

Each one of us has a different set of concerns. How do I prevent from getting sick? Should I just sit at home and cut myself off from society? What just happened to my 401k plan and now what? Will I have a job tomorrow? What should I be doing now to protect my financial future?

These are unprecedented times and they don’t come with detailed instructions. So what am I to do? We wanted to attempt to calm everyone’s nerves here and provide some tips on what to do financially given this sudden outbreak and global pandemic that has completely uprooted our lives as we know it.

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As the Federal Reserve continues to cut interests rates, students looking to take out their first student loan or those wishing to refinance could be in for a treat as the interest rates on these loans plummet downward beyond any recent near-term lows.

Forbes mentioned recently that student loans have gotten absurdly cheap this year and it might be the right time for you to take a look at taking advantage of the interests rates that are out there.

Now may be the time for you to consider taking that student loan or refinancing the ones you already have to snag that low interest rate that we are experiencing right now.

In this guide, we will take a tour of all your options that you have when taking out a new student loan or if you already have a student loan in place, how can you refinance your loan and take advantage of these record low student loan interest rates.

So let’s get started! We have separated this post between those who are looking for that new student loan and then later in the post, we talk through options to refinance your loan.

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It’s the American Dream right? To build one or many income streams and then set them on auto pilot? That’s exactly what I am going to describe to you in today’s blog post. Passive Income.

I have built a number of passive income streams over the years and have been working on a number more of them over the past several years. The beauty of passive income streams is that once you build them and get them going, you can set them on auto pilot and keep earning money for years even while you sleep. Sounds awesome right?

Have you ever taken a vacation and dreamed about the day in which vacation could become your every day life because you no longer had to return to work? It’s all possible with passive income streams if you put a little bit of effort into them to kick start them.

For me, creating more passive income streams is all about getting more out of life while you are on this earth. If you can earn income in the background on auto pilot, it would give you the time to experience everything that life has to offer rather than having to go to work and fight the rat race every day.

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1. Become A Virtual Assistant At Home

If you want to earn some extra money while sitting in your pajamas, this may be for you.

There are people and companies around the world who need your help assisting them in their businesses part time and are willing to pay for you to help from the comfort of your home.

They call this side hustle being a virtual assistant or VA for short. There are legitimate virtual assistant companies that you can sign up to be a part of or if you like the freelance life, there are also a few more options to participate in.

Freelance Sites

  • UpWork – UpWork is a freelance site that you can offer your services up on and build a following based on delivering quality work.  
  • Freelancer – Freelancer is similar to UpWork,  connecting thousands and thousands of people who need something done with independent people like yourself who can help get things done.
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There are times in life where you are forced to get really serious about cutting your budget.  That time was a few years back for me when my company at the time unexpectedly went belly up.   A global firm in 24 countries that I invested many years in went bankrupt in a very short time span, which left every one of us with a week notice and no job.

At the time,  I was in disbelief.    I couldn’t believe this was happening.  I felt a range of emotions about it, knowing that I had 3 young children at home that needed me to have a job and I didn’t have one any longer.    I had a mortgage to pay for and a car payment, plus there needed to be food put on the table.

Now thankfully I started my first day at another company within a fairly short period of time so it could have been much worst, but at the time I thought the world was caving in on me.    I had to make a decision right there and then to either get back up and dust myself off or let life take me down the drain.

So we got real serious about cutting our budget immediately…  Here are some ideas to drastically cut your budget and get serious about becoming financial free.

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You have come to the right place if you want to get out of debt!   We use to be in over $75,000 in credit card debt alone, not to mention the mortgage and car payments on top of it.   If anyone knows debt, we do!

Being in debt can be very emotional, with feelings that you have the weight of the world on your shoulders.  The bank owns you, it may feel like.   The debt ball and chain has a strong hold on your footing.    I understand, I’ve been there.

How would it feel to be free of all this debt?   To get the control back in your life so that you can have some extra money to do things with, rather than the bank always being there demanding every red cent that you have.   It’s time to take back your financial freedom.   It’s time to take these 8 steps and get yourself out of debt.

Trust me, it’s worth it being debt free.   You have more options, you can take more vacations and you can ultimately plan to live a great life in retirement rather than slaving away well past retirement age.

Here are the steps you need to take…[Read More…]

Mystery Shopping is a fun way to get paid or even get things for free just by giving your opinion of the service that you have received.

I have received free oil changes, free meals when going out to restaurants and checks in the mail just for my time.

Here is how it works…   Have you ever seen the show Undercover Boss?   If you haven’t it’s a show where one of the executives of the company changes their image and goes undercover into one of their stores or restaurants to see what REALLY goes on when no one is looking.

They act like they are just an average worker and they observe what is going on within the store or restaurant.   This is when things get interesting because it’s then when the employees usually let their guard down and you get to see how the regular customers are treated.

Mystery shopping is the same thing.   You are hired by the company to go undercover to see what really happens in the establishment.   Are the bathrooms clean?    Is the wait staff friendly and prompt?   Did the staff offer you the special or not?[Read More…]

Ok, so a few days ago I posted my $20 challenge to save money.   This is my personal way that I save money through out the year for big ticket items and our emergency fund, as disclosed in my recent blog post Don’t Budget Your Money, “Bucket” Your Money.   I challenge you to do the same.

On the same note, I wanted to showcase another challenge if the $20 challenge wasn’t aggressive enough for you.   You don’t want to run the 5k, your a marathon runner.   Ok well let’s take it up a notch.   How about we save the same amount of money as you were doing in the $20 challenge, but let’s do it in half the time with this fun little exercise!

Instead of 52 weeks to save $1000, we will do the same thing in 26 weeks and here is how.

We will start by depositing $26 into an account in week one.   For each following week, we will add a whopping $1 to the deposit amount each week until we reach our 26 week mark.   At 26 weeks, you will have collected over $1000.   Pretty amazing huh?

This is a fun way to up your game each week as you progress to your goal at week 26 of $1001.    It’s just another way to keep things fun and interesting as you make it to your goal.[Read More…]

There are many ways that you can work a little extra on the side to make some extra money.   You can kick up a part time job, sell something online or offline, or many other ways to earn extra income.   Whether you want to build up that rainy day fund or go out a spurge on that new TV for the family room.  Having a few extra dollars on hand is not such a bad thing.

I think everyone should strive to find a few ways to make a little bit extra on the side.  It can help you pay off debt, stop living paycheck to paycheck, invest more and just have a little extra money sitting around.

However, there are some lines that I draw that may be pushing it a little too far for my comfort.   Like, for example selling poop which I will get to in a minute (No I’m not kidding around).

Below you will find 10 ways that, all be it a little odd, you can make some extra income on the side.

Join the NASA sleep study making $18,000

No joke, NASA is seeking individuals to stay in bed for 3 months and they will pay up to $18,000 to do so. These studies are conducted periodically to help see what the effects of living in space has on the human body.

It might sound like a perfect gig at first, but once you pass your first few weeks in bed you may find that boredom to starts to set in.    If you don’t believe me, feel free to check out the NASA web site what talks about the program.[Read More…]

When in life you are attempting to permanently solve a problem, you look at the root cause.   By just fixing the symptoms of the problem, you may never truly fix the problem because you haven’t uncovered the underlying issue.  Money is no different.   You can make tons of money, but you may still be broke and have no money.  I have been there and done it before, so trust me your not alone.

Despite how you found yourself broke, in debt with no money, you must confront these reasons and come up with a plan to get yourself out of this rut.

Here are 10 reasons why you are broke with no money

You have cable and you can’t afford it

Each and every month that $120 bill comes to the house that gives us the privilege of watching another months worth of cable shows, sports games and the food channel.   NPD Group made note that the average cable bill is around $120 ($1440 a year!).  Our bill is $191 a month because that includes phone, cable and internet.   That’s a whopping $2,292 a year!!  That’s a nice vacation every year that we can’t have because we have cable.

We don’t use the phone portion of it and we have tried to have it removed, but our cable provider told us because we have a package if we remove the phone, our bill will actually be more!  How ridiculous is that?   If you have no money, perhaps this is a good place to start looking.   If you have internet on top of cable, then perhaps you just resort yourself to watching YouTube.   You can also acquire a digital antenna to get some of your broadcast digital channels.   If you can’t afford it, then it’s not a requirement.[Read More…]