by Chris Dunn | May 31, 2018 | Investing, make-money, Passive income, Personal finance, Real estate
Traditionally, the real estate market is seen as either veterans turf, or a playground for those who have more tolerance to risk – which in layman terms is someone who possesses a comfortable enough reserve to throw significant lump sums of cash into physical properties. They are simply buyers in a high-ticket market.
That being said, it’s important to remember that not all investors are created equal, and the strategies through which they execute their decisions to invest differ as well.
by Chris Dunn | May 29, 2018 | Build wealth, Investing, Lifestyle, Personal finance, Stock market
If you ever look at the wealthiest self-made individuals in the world—Warren Buffet, for example—you will quickly come to realize that their wealth was not built overnight. Creating wealth is something that typically requires a significant amount of time and effort in order to do on your own.
Fortunately, even if you are unfamiliar with some of the more complex wealth building strategies used by Buffet and company, there are still many different ways you can begin improving your future financial situation in the status quo. We take a quick look at how to start building wealth for beginners and the various risks and rewards associated with each of these strategies.
by Chris Dunn | May 24, 2018 | Entrepreneurship, Personal finance, Taxes
As a general rule, that first tax day is a rude awakening for freelancers.
If you’ve left the corporate world behind to set out on your own course, you soon realize why all those deductions coming out of your paycheck every two weeks were necessary.
As individual proprietors, freelancers and other self-employed professionals are responsible for paying their taxes to the state and federal governments. You can do so one of two ways: either with four quarterly estimated tax payments or in a lump sum when you’re doing your taxes before April 15 each year.
by Nikki Dunn, CFP® | May 22, 2018 | Build wealth, Investing, Passive income, Side hustle
Accumulating enough wealth for your goals depends on when you start saving. The person who starts at 22 is likely to be a lot better off in the future than the one who waits until they are 44. Regardless of your age or your current portfolio worth, there are several tried and proven ways to accumulate wealth.
by Nikki Dunn, CFP® | May 21, 2018 | Entrepreneurship, make-money, Startup
One of the top advances in the digital age is the ability for an individual to create a small business without the traditional startup costs of days past. The expenses of a brick-and-mortar facility are no longer an inhibitor when someone has a great idea about a product or a service that can fill a niche.
by Nikki Dunn, CFP® | May 18, 2018 | Banking, Lifestyle, Personal finance, Real estate
Owning your own home has been known to be one of the ultimate goals in life. Doing so suggests that you’re financially stable, a part of a community and ready to put down roots.
But very few Americans buy homes outright, particularly their first one. Instead, we take out a loan from a bank – which becomes our mortgage – to be paid back over years with interest tacked on.
