Car Pediem: June 2017

Friday 30 June 2017

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 …

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 … posted first on cashforcarsperthblog.blogspot.com

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H posted first on cashforcarsperthblog.blogspot.com

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm posted first on cashforcarsperthblog.blogspot.com

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw posted first on cashforcarsperthblog.blogspot.com

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ http://listing..pic.twitter.com/ul8M1Wo6SJ

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ listing.. http://pic.twitter.com/ul8M1Wo6SJ

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ http://listing..pic.twitter.com/ul8M1Wo6SJ posted first on cashforcarsperthblog.blogspot.com

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right. posted first on cashforcarsperthblog.blogspot.com

Dipping in and out of stocks can access value http://on.ft.com/2s0eZwS

Dipping in and out of stocks can access value http://on.ft.com/2s0eZwS posted first on cashforcarsperthblog.blogspot.com

Can I protect my pension if I have to leave the UK? http://on.ft.com/2tj5Jrm

Can I protect my pension if I have to leave the UK? http://on.ft.com/2tj5Jrm posted first on cashforcarsperthblog.blogspot.com

We keep warning about this. The big risk for big tech is big gov. https://twitter.com/ft/status/879641007607959552 …

We keep warning about this. The big risk for big tech is big gov. https://twitter.com/ft/status/879641007607959552 … posted first on cashforcarsperthblog.blogspot.com

City regulator takes aim at the asset management industry http://on.ft.com/2trV9OK

City regulator takes aim at the asset management industry http://on.ft.com/2trV9OK posted first on cashforcarsperthblog.blogspot.com

Wimbledon homeowners set to be tournament winners http://on.ft.com/2trU7SV

Wimbledon homeowners set to be tournament winners http://on.ft.com/2trU7SV posted first on cashforcarsperthblog.blogspot.com

Buy-to-let investors target university cities http://on.ft.com/2trw06Y

Buy-to-let investors target university cities http://on.ft.com/2trw06Y posted first on cashforcarsperthblog.blogspot.com

Carry on Consulting — an achingly slow fund regulation farce http://on.ft.com/2tqCdA0

Carry on Consulting — an achingly slow fund regulation farce http://on.ft.com/2tqCdA0 posted first on cashforcarsperthblog.blogspot.com

How Britons are racking up personal debt http://on.ft.com/2tqG7sP

How Britons are racking up personal debt http://on.ft.com/2tqG7sP posted first on cashforcarsperthblog.blogspot.com

Property funds’ liquidity crisis lives on for investors http://on.ft.com/2s7Rjqq

Property funds’ liquidity crisis lives on for investors http://on.ft.com/2s7Rjqq posted first on cashforcarsperthblog.blogspot.com

Think hard before buying a London property http://on.ft.com/2s7STs4

Think hard before buying a London property http://on.ft.com/2s7STs4 posted first on cashforcarsperthblog.blogspot.com

State pension triple lock to remain after Tory-DUP deal http://on.ft.com/2s53sMu

State pension triple lock to remain after Tory-DUP deal http://on.ft.com/2s53sMu posted first on cashforcarsperthblog.blogspot.com

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 …

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 … posted first on cashforcarsperthblog.blogspot.com

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H posted first on cashforcarsperthblog.blogspot.com

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm posted first on cashforcarsperthblog.blogspot.com

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw posted first on cashforcarsperthblog.blogspot.com

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ http://listing..pic.twitter.com/ul8M1Wo6SJ

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ listing.. http://pic.twitter.com/ul8M1Wo6SJ

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right. posted first on cashforcarsperthblog.blogspot.com

Dipping in and out of stocks can access value http://on.ft.com/2s0eZwS

Dipping in and out of stocks can access value http://on.ft.com/2s0eZwS posted first on cashforcarsperthblog.blogspot.com

Can I protect my pension if I have to leave the UK? http://on.ft.com/2tj5Jrm

Can I protect my pension if I have to leave the UK? http://on.ft.com/2tj5Jrm posted first on cashforcarsperthblog.blogspot.com

We keep warning about this. The big risk for big tech is big gov. https://twitter.com/ft/status/879641007607959552 …

We keep warning about this. The big risk for big tech is big gov. https://twitter.com/ft/status/879641007607959552 … posted first on cashforcarsperthblog.blogspot.com

Over 50% of those over 45 in U.K. have DB pension savings

Over 50% of those over 45 in U.K. have DB pension savings posted first on cashforcarsperthblog.blogspot.com

Why I Quit Freelancing (to Really Work for Myself)

It’s been quite a week, friends. On Monday, I literally touched three states and one province, driving from Boise, through Oregon and Washington, all the way back home to Squamish. I got to catch up with a few good friends on Tuesday morning, then tried to get back into work mode. Admittedly, the anxiety and grief I’d been trying to ignore on my trip caught up with me, and I have since shed a lot of tears – and, as a result, did not get a lot of work done. But with the low’s, I can always find a high – and I did have one thing to celebrate this week.

Wednesday marked the beginning of my third year of self-employment! As I’ve mentioned in previous posts and on the podcast, I never thought I would work for myself. It wasn’t part of the plan. When I got a job with the government in my early twenties, I thought I had made it. I was going to climb that career ladder until I retired and collected my pension. That was the plan. Quitting to work at a startup wasn’t part of the plan. And quitting the startup to become a full-time freelancer definitely wasn’t part of the plan. Then one day, it became an option.

My first day of “funemployment” was June 27, 2015. Looking back on that now, I had absolutely no idea what I was doing. All I knew was that I had six months of freelance lined up, and a four-month buffer in savings I could use if I ever found myself without work. If I had to find a job after that, I told myself I’d never regret at least getting a taste of working for myself. The opportunity presented itself and the shopping ban taught me how little money I needed to live on. I had to at least see what would happen if I went out on my own.

After my first year of self-employment, I outlined most of the lessons I had learned in this post. You definitely need to be comfortable earning (and budgeting with) irregular income. Having savings in the bank is what will help you sleep at night. You should always save more than you think you’ll need for tax time (because not doing so could end your business). Hiring an accountant will be the best money you spend all year. And if you don’t feel like you’re being paid what you’re worth, you won’t enjoy doing the work.

All of those lessons still ring true for me today, but I learned another lesson in my first year that I wasn’t ready to share until now: I don’t actually love being a full-time freelancer. And by “freelancer,” I mean writing and doing other kinds of contract work for clients. When I quit my job, my goal wasn’t to do client work forever. My goal was to work for myself. I wanted to wake up in the morning and spend the first few hours of my day working on my blog. And for the first two years, I couldn’t, because I was always putting my clients first.

Blog posts were delayed. Some weren’t written at all. I have over 50 of them currently sitting in my drafts folder, right now, along with a list of ideas I’ve thought about working on. None of them have come to life yet because I always prioritized my clients’ goals and deadlines over my own.

This has been a running theme in all areas of my life: putting other people first. I didn’t actually realize that, until I started therapy in April and figured out a number of issues could be fixed by setting more boundaries in my life. On the personal side, that has meant communicating more of my thoughts and needs with the people I love (which has been both terrifying and liberating). And in my business, that has meant being honest with myself about what I want – and don’t want – and communicating that to my clients.

There are a number of reasons why I knew I wanted to quit freelancing one day:

I stopped feeling excited about the work.
I hated having to follow-up on late payments (this wasn’t an issue for me in 2015/16, but I feel like almost all of my clients were late to pay in 2017).
I started resenting the clients who paid late.
I then procrastinated the work.
And I wasn’t being the best freelancer I could be.

But I was still afraid to cut the cord. I first started freelancing on the side of my day job back in 2011, and it had done so many good things for me. It boosted my annual income, which helped me pay down my debt sooner. I then funnelled that money into my emergency fund, which helped me feel comfortable quitting my day job. And having enough client work lined up is the only reason I was able to quit my day job at all. For all those reasons and more, freelancing had been an incredible gift.

The problem with “gifts” like this is that I am the type of person who feels like she owes people things in return. I stayed at my last job for longer than I wanted to because deep down I felt like I owed my boss something. I felt like she had taken a chance on an island girl, brought her to the big city and made some of her dreams come true – and I owed her. The problem with quitting to work for multiple clients is that I then felt like I owed multiple people for the opportunity. I am grateful for it. But feeling like I was obligated to work felt – well, like an obligation. And pushing back my own goals for two more years felt like I was giving up on my dreams.

It wasn’t until a friend suggested I look up what percentage of my income has been from freelance work in 2017 that I realized I could potentially walk away from it. The answer: less than 10%. Last year, it was 31%. I needed that money. And I still need the 10% it’s given me this year, but I also know I could make up that 10% in other ways – ways that would involve me finally putting myself and my blog first. With these numbers in mind, I was one step closer to quitting. The day Lexie died, I made the decision and sent the emails to my clients.

Similar to my experiences with learning to communicate more of my thoughts and needs with loved ones, quitting has been liberating. Immediately, it felt like a huge weight had been lifted. And it’s opened up so much space for creativity and inspiration to pour into the work I’m doing.

But it’s also been terrifying. On top of always putting other people first and feeling like I owe them, something I am only just starting to talk about in therapy is the fact that I don’t feel like I am worthy of all the good that comes into my life. I don’t know where this belief comes from. I didn’t even know I had it, and I almost quit therapy when I realized I was going to have to dig deep and figure it out. But it’s there – hidden underneath every part of my life, including my work. I don’t want to feel this way anymore. It’s a recipe for a life of lost dreams.

So, here I am: at the beginning of my third-year of self-employment, and my first year of truly working for myself. I will never say a bad thing about freelancing. I didn’t quit because I hated it or hated my clients. I quit freelancing because quitting became an option, and I knew I would regret not seeing what would happen if I went out on my own. I also quit because I want to believe I am worthy of the opportunity.

Like so many of the changes I’ve made in my life, I don’t know how this is going to turn out. But losing both girls in nine days reminded me that life is short – too short to keep putting myself last. If I owe anyone anything, at this point, it’s me. And if I’m good to myself, I have to believe I’ll be a better version of myself for you too.

As always, thanks for your support. <3

Why I Quit Freelancing (to Really Work for Myself) posted first on cashforcarsperthblog.blogspot.com

Investors Chronicle: Debenhams, Chemring, Stagecoach http://on.ft.com/2s9RBNc

Investors Chronicle: Debenhams, Chemring, Stagecoach http://on.ft.com/2s9RBNc posted first on cashforcarsperthblog.blogspot.com

New Bovis chief shows faith by purchasing stake http://on.ft.com/2tsvVQg

New Bovis chief shows faith by purchasing stake http://on.ft.com/2tsvVQg posted first on cashforcarsperthblog.blogspot.com

City regulator takes aim at the asset management industry http://on.ft.com/2trV9OK

City regulator takes aim at the asset management industry http://on.ft.com/2trV9OK posted first on cashforcarsperthblog.blogspot.com

Wimbledon homeowners set to be tournament winners http://on.ft.com/2trU7SV

Wimbledon homeowners set to be tournament winners http://on.ft.com/2trU7SV posted first on cashforcarsperthblog.blogspot.com

Can You Actually Create the Infamous Laptop Lifestyle?

I had a little bit of a revelation last week that I felt was super important to share with everyone that reads this site. My wife and I recently went on vacation for about a week to Aruba (which is totally freaking awesome BTW and I highly suggest that everyone goes there). One morning on the...

Keep reading...

The post Can You Actually Create the Infamous Laptop Lifestyle? appeared first on Millennial Money Man.

Can You Actually Create the Infamous Laptop Lifestyle? posted first on cashforcarsperthblog.blogspot.com

Buy-to-let investors target university cities http://on.ft.com/2trw06Y

Buy-to-let investors target university cities http://on.ft.com/2trw06Y posted first on cashforcarsperthblog.blogspot.com

Carry on Consulting — an achingly slow fund regulation farce http://on.ft.com/2tqCdA0

Carry on Consulting — an achingly slow fund regulation farce http://on.ft.com/2tqCdA0 posted first on cashforcarsperthblog.blogspot.com

How Britons are racking up personal debt http://on.ft.com/2tqG7sP

How Britons are racking up personal debt http://on.ft.com/2tqG7sP posted first on cashforcarsperthblog.blogspot.com

Property funds’ liquidity crisis lives on for investors http://on.ft.com/2s7Rjqq

Property funds’ liquidity crisis lives on for investors http://on.ft.com/2s7Rjqq posted first on cashforcarsperthblog.blogspot.com

Think hard before buying a London property http://on.ft.com/2s7STs4

Think hard before buying a London property http://on.ft.com/2s7STs4 posted first on cashforcarsperthblog.blogspot.com

State pension triple lock to remain after Tory-DUP deal http://on.ft.com/2s53sMu

State pension triple lock to remain after Tory-DUP deal http://on.ft.com/2s53sMu posted first on cashforcarsperthblog.blogspot.com

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 …

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 … posted first on cashforcarsperthblog.blogspot.com

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H posted first on cashforcarsperthblog.blogspot.com

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm posted first on cashforcarsperthblog.blogspot.com

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw posted first on cashforcarsperthblog.blogspot.com

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ http://listing..pic.twitter.com/ul8M1Wo6SJ

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ listing.. http://pic.twitter.com/ul8M1Wo6SJ

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right. posted first on cashforcarsperthblog.blogspot.com

Dipping in and out of stocks can access value http://on.ft.com/2s0eZwS

Dipping in and out of stocks can access value http://on.ft.com/2s0eZwS posted first on cashforcarsperthblog.blogspot.com

Can I protect my pension if I have to leave the UK? http://on.ft.com/2tj5Jrm

Can I protect my pension if I have to leave the UK? http://on.ft.com/2tj5Jrm posted first on cashforcarsperthblog.blogspot.com

Investment trust fundraising spree is a marker for wider economy http://on.ft.com/2tj7xAI

Investment trust fundraising spree is a marker for wider economy http://on.ft.com/2tj7xAI posted first on cashforcarsperthblog.blogspot.com

We keep warning about this. The big risk for big tech is big gov. https://twitter.com/ft/status/879641007607959552 …

We keep warning about this. The big risk for big tech is big gov. https://twitter.com/ft/status/879641007607959552 … posted first on cashforcarsperthblog.blogspot.com

Over 50% of those over 45 in U.K. have DB pension savings

Over 50% of those over 45 in U.K. have DB pension savings posted first on cashforcarsperthblog.blogspot.com

State pension means testing will be necessary, says report http://on.ft.com/2tfiDqB

State pension means testing will be necessary, says report http://on.ft.com/2tfiDqB posted first on cashforcarsperthblog.blogspot.com

Record numbers of taxpayers take HMRC to judicial reviews http://on.ft.com/2tc76Iv

Record numbers of taxpayers take HMRC to judicial reviews http://on.ft.com/2tc76Iv posted first on cashforcarsperthblog.blogspot.com

Church of England collection plates pass into the digital era http://on.ft.com/2t4DVqN

Church of England collection plates pass into the digital era http://on.ft.com/2t4DVqN posted first on cashforcarsperthblog.blogspot.com

Inflation — how to protect your finances http://on.ft.com/2t3FdSL

Inflation — how to protect your finances http://on.ft.com/2t3FdSL posted first on cashforcarsperthblog.blogspot.com

Episode 049: The Power of Meditation in Both Life and Money with Leisa Peterson

My Guest on the Show…

Leisa Peterson from Wealth Clinic shares her story of tragedy to a life of abundance.

Leisa shares how she was working her way up the corporate ladder and how a life-changing moment changed her decision making forever. This moment caused her to leave her career on the way up the corporate ladder and instead go after her dreams as an entrepreneur – both as a business coach and money coach.

As she is telling the story, it will literally leave you speechless (during the recording I was also speechless but my producer did a great job of editing the awkward pause out of the show).

One of the ways she was able to get through two separate tragic events in her life was through daily meditation.

I have NEVER shared my own meditation practices publicly, but Leisa put me on the spot and we go deep with the how, what, and why of my own daily meditation practices.

We also hit on why we continue to do it daily and the results we have each seen and felt in our own lives.

BONUS:

Leisa is giving away her WealthFlower Assessment for being a listener of the show. I highly recommend this tool to walk you through the step-by-step method of finding exactly what you want in both life and money and how you will create a plan to achieve it. Best part – it’s FREE!

Wealth Flower Assessment

Now, I have a few questions for you all…

What are some of your questions you would like answered on the show? Simply leave a comment at the bottom and let me know or you can contact me here and ask anonymously.

Are you enjoying the podcast? If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

Mentioned in this Episode

Wealth Clinic

LeisaPeterson.com

Monica Louie – Episode 048

The Reno shooting Leisa was part of

Music I use for Meditation

Tony Robbins breathing routine

The Art of Abundance Podcast

Awesome Money Course

Show Notes

Who is Leisa Peterson [02:07]

The moment that changed Leisa’s life forever [03:03]

Meditation [14:02]

My own meditation practices [17:52]

Leisa’s meditation practice [29:09]

Leaving the corporate world [36:49]

Leisa Peterson business coaching [42:40]

The 3-5 year window in your business [51:33]

BONUS: Leisa’s giveaway to Money Peach listeners [56:48]

Subscribe via iTunes

Subscribe via Stitcher

The post Episode 049: The Power of Meditation in Both Life and Money with Leisa Peterson appeared first on Money Peach.

Episode 049: The Power of Meditation in Both Life and Money with Leisa Peterson posted first on cashforcarsperthblog.blogspot.com

6 Legit Ways to Make Money (While You Sleep)

Whether you’re trying to pay off debt, top off your emergency fund or invest more, a little extra monthly income can get you there faster.

But there are only so many hours in a day—and maybe adding another side hustle to your busy schedule just isn’t possible. Wouldn’t it be great if you could somehow earn more without working additional hours or hitting up your boss for another raise? That’s what happens when you create passive income streams.

“Passive income’s great because it increases your cash flow and allows you to save [more],” says financial advisor Craig J. Ferrantino, president of Craig James Financial Services, LLC in N.Y. “The initial effort in some cases is minimal, and you have the ability to collect money on those efforts over a period of time.”

Of course, investing in the stock market can provide earnings over time through market returns and the magic of compounding. But there are also ways to create steady streams of passive income that pay out at regular intervals.

These efforts don’t come without risk. But with careful planning and consideration, you can lower the risks—and initial costs—and increase the potential benefits.

Here are six paths to passive income that may be worth pursuing.

1. High-Dividend Stocks

When you purchase stock in a company that pays dividends to its shareholders, you’ll start earning a percentage of the company’s profits automatically. For example, if a company pays an annualized dividend of 50 cents per share and you own 500 shares, you’ll get an extra $250 in your pocket—for doing nothing more than being a shareholder. (Most companies pay dividends on a quarterly basis, so you’d earn about 13 cents per share each quarter.)

Certain industries, like public utilities, financial services and oil, tend to pay higher dividends than others, so do your homework with resources like Yahoo! Finance’s stocks screener or by talking to an advisor.

“If you’re going after dividend income, the sweet spot is not the company that’s currently paying the highest yield, but the companies that are likely to generate growth in dividends in the coming months and years,” says Rob Brown, a Certified Financial Analyst and chief investment officer at United Capital. “Pay attention to what companies and industries are thriving now; they are most likely to raise the dividends they’re paying now in the future.”

You may also choose to reinvest your dividends, which allows you to buy more shares even without spending more money, so you can benefit more when the price rises.

One caveat: Remember that there are risks involved with investing in individual stocks—even ones with high-dividend yield—as the price of the stock can go up or down. You can lower your risk by investing in an index or other low-cost funds, which contains shares of many companies. One option is to look for dividend-paying ETFs, or exchange-traded funds, which are funds that trade like stocks. (Investing apps like Acorns and Betterment use such ETFs and reinvest dividends automatically.)

2. Bonds

Purchasing bonds can be another good way to earn consistent passive income, though the amount you’ll receive depends on the fluctuating bond market. “Bondholders [usually] receive a check every six months for the interest earned in loaning the entity money, and, in turn, get their principal back at maturity,” Ferrantino explains.

There’s a wide variety of bonds to choose from, including U.S. Treasury bonds, municipal bonds and corporate bonds. Each has its own maturity date, minimum investment, interest rate and payout.

For instance, Treasury notes mature in two to 10 years and pay interest semiannually at a fixed rate (currently about 1 percent to 2 percent, depending on term lengths, and it is exempt from state and local taxes), while corporate bonds pay taxable interest and can have maturities ranging from a few weeks to 100 years.

Before purchasing bonds, make sure you know what you’re getting into—and what you will get out of it.

3. Rental Properties

Acquiring and maintaining rental property can require a lot more investment and sweat equity than other types of passive income, both upfront and over the years (if the roof leaks or the boiler breaks down in a rental property, you’re on the hook for it). But rental properties can also provide lucrative, ongoing income for many years to come.

“Rental properties in a market you understand can be a fantastic passive investment,” says Jeffrey Zucker, a seasoned angel investor and property management entrepreneur in Chicago. “I look for large or fast-growing housing markets, where people are clamoring for affordable, nice places.”

Before purchasing a property, Zucker recommends comprehensive due diligence to ensure that you can cover your costs—which likely include insurance, taxes and maintenance—and turn a profit on top of that. You want to invest in a property that will draw continued interest from renters and increase in value.

He also recommends using an experienced property manager. “There are some great property management companies out there that can assist to make leasing out rental properties truly passive mailbox money,” Zucker says.

“Having managed our own properties for a few years prior to partnering with a company, we learned the long hours and effort that go into maintaining properties and dealing with tenants—and how much better those who focus solely on this role are at the job.”

4. Rewards Credit Cards

This might seem like an odd addition—and this is not a strategy to pursue unless you are able to pay off your bill in full each month.

However, if you can use credit responsibly and avoid racking up debt, rewards credit cards can provide easy income, thanks to perks like cash-back bonuses. For instance, use a cash-back card for all your household expenses—and pay it off at the end of the month—and you’ll earn money simply by making necessary purchases.

(Ferrantino recommends a card like the PenFed Platinum Cash Rewards Visa, which gives you 5-percent cash back on gas purchases and another 3 percent for groceries and has a low annual fee. NerdWallet also has a ranking of the best cash-back cards, including several with no annual fee.)

“My rewards have paid for a variety of travel experiences, and I have friends that use their points to pay exclusively for a certain [budget] category, like gas or household bills. It’s nice for them to cross an expense off simply by doing all of their planned spending on the right card,” Zucker says. “Be careful though, as many of the best rewards cards have high interest rates for any carry-over debt.”

5. Peer-to-Peer Lending

Also known as “marketplace lending,” peer-to-peer lending is the practice of individuals loaning money to others in place of a bank or other financial institution. In recent years, platforms like Prosper and Lending Club have made these crowdfunded loans more widely available to borrowers and opened the possibilities for investors.

“New, technology-driven intermediaries have been coming in and replacing banks to make small loans to businesses or individuals, and they offer many comparative advantages,” Brown says.

Remember, though, that while investing through a peer-to-peer marketplace can pay off—Prosper investors, for example, can earn about 5 percent to 9 percent annually—there are still risks involved and borrowers may default on their debts. One way to protect yourself, Brown says, is by requiring that borrowers’ credit quality is above a certain level, depending on your appetite for risk. You can also reduce risk by diversifying your investment across many different loans.

6. Renting Unused Space

The sharing economy is in full force, and if you have extra space in your home or spend a lot of time out of town, you can join in and earn some extra cash. Thousands of people are renting out their homes through Airbnb, and sites like Liquid Space and Breather offer opportunities to place your office or home up for rent during daytime hours. (Airbnb hosts renting a single room in a two-bedroom home cover, on average, a whopping 81 percent of their rent, according to one report.)

“Any unused space is an asset worth renting out if there is demand in your market,” Zucker says. “[Online marketplaces] offer consumers easy ways to make some extra money on rooms that would otherwise be doing nothing for them.”

This post originally appeared on Grow.

I Can’t Believe I Get Paid To Do This: 4 Real-Life Dream Jobs

Why We Have 10 Savings Accounts (That Have Nothing to Do With Emergencies)

The post 6 Legit Ways to Make Money (While You Sleep) appeared first on Money Peach.

6 Legit Ways to Make Money (While You Sleep) posted first on cashforcarsperthblog.blogspot.com

Episode 049: The Power of Meditation in Both Life and Money with Leisa Peterson

My Guest on the Show…

Leisa Peterson from Wealth Clinic shares her story of tragedy to a life of abundance.

As she is telling the story, it will literally leave you speechless (during the recording I was also speechless but my producer did a great job of editing the awkward pause out of the show).

One of the ways she was able to get through two separate tragic events in her life was through daily meditation.

I have NEVER shared my own meditation practices publicly, but Leisa put me on the spot and we go deep with the how, what, and why of my own daily meditation practices.

We also hit on why we continue to do it daily and the results we have each seen and felt in our own lives.

BONUS:

Wealth Flower Assessment

Now, I have a few questions for you all…

What are some of your questions you would like answered on the show? Simply leave a comment at the bottom and let me know or you can contact me here and ask anonymously.

Are you enjoying the podcast? If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

Mentioned in this Episode

Wealth Clinic

LeisaPeterson.com

Monica Louie – Episode 048

The Reno shooting Leisa was part of

Music I use for Meditation

Tony Robbins breathing routine

The Art of Abundance Podcast

Awesome Money Course

Show Notes

Who is Leisa Peterson [02:07]

The moment that changed Leisa’s life forever [03:03]

Meditation [14:02]

My own meditation practices [17:52]

Leisa’s meditation practice [29:09]

Leaving the corporate world [36:49]

Leisa Peterson business coaching [42:40]

The 3-5 year window in your business [51:33]

BONUS: Leisa’s giveaway to Money Peach listeners [56:48]

Subscribe via iTunes

Subscribe via Stitcher

The post Episode 049: The Power of Meditation in Both Life and Money with Leisa Peterson appeared first on Money Peach.

Episode 049: The Power of Meditation in Both Life and Money with Leisa Peterson posted first on cashforcarsperthblog.blogspot.com

6 Legit Ways to Make Money (While You Sleep)

Whether you’re trying to pay off debt, top off your emergency fund or invest more, a little extra monthly income can get you there faster.

These efforts don’t come without risk. But with careful planning and consideration, you can lower the risks—and initial costs—and increase the potential benefits.

Here are six paths to passive income that may be worth pursuing.

1. High-Dividend Stocks

You may also choose to reinvest your dividends, which allows you to buy more shares even without spending more money, so you can benefit more when the price rises.

2. Bonds

There’s a wide variety of bonds to choose from, including U.S. Treasury bonds, municipal bonds and corporate bonds. Each has its own maturity date, minimum investment, interest rate and payout.

Before purchasing bonds, make sure you know what you’re getting into—and what you will get out of it.

3. Rental Properties

4. Rewards Credit Cards

This might seem like an odd addition—and this is not a strategy to pursue unless you are able to pay off your bill in full each month.

5. Peer-to-Peer Lending

“New, technology-driven intermediaries have been coming in and replacing banks to make small loans to businesses or individuals, and they offer many comparative advantages,” Brown says.

6. Renting Unused Space

This post originally appeared on Grow.

I Can’t Believe I Get Paid To Do This: 4 Real-Life Dream Jobs

Why We Have 10 Savings Accounts (That Have Nothing to Do With Emergencies)

The post 6 Legit Ways to Make Money (While You Sleep) appeared first on Money Peach.

6 Legit Ways to Make Money (While You Sleep) posted first on cashforcarsperthblog.blogspot.com

Thursday 29 June 2017

Carry on Consulting — an achingly slow fund regulation farce http://on.ft.com/2tqCdA0

Carry on Consulting — an achingly slow fund regulation farce http://on.ft.com/2tqCdA0 posted first on cashforcarsperthblog.blogspot.com

How Britons are racking up personal debt http://on.ft.com/2tqG7sP

How Britons are racking up personal debt http://on.ft.com/2tqG7sP posted first on cashforcarsperthblog.blogspot.com

Property funds’ liquidity crisis lives on for investors http://on.ft.com/2s7Rjqq

Property funds’ liquidity crisis lives on for investors http://on.ft.com/2s7Rjqq posted first on cashforcarsperthblog.blogspot.com

Think hard before buying a London property http://on.ft.com/2s7STs4

Think hard before buying a London property http://on.ft.com/2s7STs4 posted first on cashforcarsperthblog.blogspot.com

State pension triple lock to remain after Tory-DUP deal http://on.ft.com/2s53sMu

State pension triple lock to remain after Tory-DUP deal http://on.ft.com/2s53sMu posted first on cashforcarsperthblog.blogspot.com

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 …

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 … posted first on cashforcarsperthblog.blogspot.com

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H

UK parents not saving enough for education costs http://on.ft.com/2tmIw7H posted first on cashforcarsperthblog.blogspot.com

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm

New reporting rules to increase burden on thousands of trusts http://on.ft.com/2s4gxWm posted first on cashforcarsperthblog.blogspot.com

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw

How FCA’s fund review affects your investments http://on.ft.com/2tkgnOw posted first on cashforcarsperthblog.blogspot.com

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ http://listing..pic.twitter.com/ul8M1Wo6SJ

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ listing.. http://pic.twitter.com/ul8M1Wo6SJ

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right. posted first on cashforcarsperthblog.blogspot.com

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 …

Great to have you on the show Lindsay Cook - I've already filled my claim form in! https://twitter.com/moneyfightclub/status/880354973976072192 … posted first on cashforcarsperthblog.blogspot.com

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ http://listing..pic.twitter.com/ul8M1Wo6SJ

Initial returns to @HMLandRegistry confirm just 481 £1m+ sales in England & Wales last month. 304 in London. @Rightmove has 27k+ listing.. http://pic.twitter.com/ul8M1Wo6SJ

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right.

High 5 @ftmoney @ftfm for your strong reporting of investment costs. UK regulatory decision today shows you were absolutely right. posted first on cashforcarsperthblog.blogspot.com