money Archives - MoneyWatch101

Side Hustle During the Holidays For Extra Money

Hello readers I want to share with you a tactic you can implement this year to help you make some extra money in 2018 and beyond. These tactics can be used during the holidays only, as there is a ton of ways to make extra money. The only real way you can make this work is if you save most of your vacation days throughout the year, to be used in the last two weeks in December. The reason to do this is to make extra money, while still getting paid from your regular employer. The only difference is you will not be sitting on the couch watching TV, but you will be out there hustling to make at least 2-4 thousand dollars in 2 weeks. That’s why you should find a Side Hustle During the Holidays For Extra Money.

Depending how much energy you have you can really actually make this much extra money. The purpose for the extra money is for you to get some traction with debt, emergency fund money, avoid living paycheck to paycheck, and maybe adding some vacation fund money. The point is to, Make Money, not make it rain on Amazon wish lists. The consumption during the holidays is staggering, and guess what if you’re working you will not be consuming. I have found that I spend more on days off, than on days when I’m working. So work while still young and able, and get a head of all these crazy money goals you should complete today.

Continue reading Side Hustle During the Holidays For Extra Money

Mixed Banking Stock Recovery 6 Months After Brexit

It has been six months since the notorious Brexit vote put the United Kingdom on a course for divorce from the European Union. In that time, fellow nationalist Donald Trump has been elected to the US Presidency, mirroring the ascendency of Boris Johnson in British social influence. While there have been numerous effects following Brexit, few were so extreme as the impact on banking stock prices, which uniformly plummeted in the minutes and hours following the voting results announcement. For people not directly invested in British banking, one may wonder what has become of those stocks price since?

The results have been something of a mixed bag. While there could be endless analysis of all the British banks affected, we’ll focus on two in particular: Lloyds and Barclays, specifically because of their ongoing troubles with the PPI claims scandal. Many investors want to know, is now the time to buy, hold tight, or jump ship with regard to these bank stocks.

Continue reading Mixed Banking Stock Recovery 6 Months After Brexit

7 Ways to Make $500 Extra Dollars Next Month

Side hustle topics and podcasts are all over the internet to help people find a way to make extra income. But how do you really start today to get some extra dough without killing yourself with an immense number of hours added on top of your weekly work load. Most of us have a 9-5 consuming the bulk of our time every day, so if your day is flexible maybe you can hustle and bustle your way to make surplus money.

How you can make $500 extra dollars next month well that depends on your abilities, skills, and dedication to get out and make it happen. Why would you want to build another income source? Because its a good idea to diversify income away from 1 source and into multiple sources. As of right now I have 3 sources of income and I am I looking to increase it every year. Those with 5 income sources or more are in a position to presumably avoid financial risk due to the diversification of total income. If 1 income gets eliminated the person can fall back on the 4 others to pick up the slack. See Below for a few ideas on how to add another income source.

Continue reading 7 Ways to Make $500 Extra Dollars Next Month

The 3 Emergency Fund Accounts

Let’s jump right into this one and begin to discuss the purpose behind the 3 emergency fund accounts. An emergency can happen at any given moment, but will you be prepared to fight through the financial snow storm? In my situation I have about 3 accounts that I can tap if an emergency arises. It helps me sleep better at night because it’s a safety net waiting to catch me if I fall on hard times. Now what is considered hard times is up for debate, as some people feel a trip to the beach for a week is considered hard times.

Continue reading The 3 Emergency Fund Accounts

The Last Hundred Dollars

A new series is born today, with the premise that now I will let you in to see what things I spent my last hundred dollars on. Imagine if you had only a hundred dollars to your name, what would you spend it on?

Would you go to the Mall and splurge? Or Maybe you get happy saving some of it before its all gone?

The last hundred is a way to lighten up the financial blogosphere with something unique. Yeah I could give you a bunch of boring spreadsheets showing my monthly net worth, but that’s been done a thousand times over. As of right now I still don’t feel 100% showing you guys all my pennies and cents, but with these posts you get a sneak peak at some random expenses. See below for the fun.

Continue reading The Last Hundred Dollars

Why Percentages Matter

Do you know that in order to handle money correctly, we all need to know the exact percentages we can spend on every category? Once you understand why percentages matter and that it’s all about handling money within percentages, then money management will be a breeze. This is a simple finance strategy many never implement, but when they do, people will soon realize how much extra cash flow can be had. I will provide below a standard guideline for specific categories and I hope your budget is in line with what I am about to share below. Granted nothing is set in stone around here, but this will get you to understand if you need to fix a money category, that is out of whack.

If you can stay within the percentages for expense categories, this will eventually free up money for you to go over and above in the savings / investing percentage categories. By going over in the savings / investing categories you will be bounds ahead in retirement nest egg funds in no time. People will most likely shoot down an idea like strategizing income based off percentages, before even trying it out. How can one negate a financial strategy before implementing it, all because it is something completely new and different.

Continue reading Why Percentages Matter

Can People Avoid Disrespecting Money

Hey it’s that time again to discuss all the great and fun things about money. For starters never love or obsess about money, but love the freedom and usability money can bring. How can people avoid disrespecting money? Well it’s quite simple and it is basic personal finance mumbo jumbo we have all heard in the past.

I will dig into this topic and reveal all the ways regular folks are disrespecting money everyday. Do you want the best use of in-flow and out-flow for all your income? Well if the answer is yes then you can continue reading because I will instill a few nuggets of wisdom in this blog for all of you. Disrespecting money can happen in many fashions and it is up to you to put a halt to it once and for all. This is not a post about the irresponsible football player who goes bankrupt or about someone making over 200K and still living paycheck to paycheck. It is about simple ways anyone can stop disrespecting money and begin using it for the tool that it really is.

Continue reading Can People Avoid Disrespecting Money

What is the Most you made in a Day

Did you ever think back and calculate what is the most you made in a day? Silly things like this can make financial matters into a fun game. Take a second and think back to what day in your whole life when you raked in the most dollars. Obviously this project will exclude windfalls like, sale of a home, inheritances, insurance payouts, and lottery winnings. Also regularly scheduled paychecks and bonus money do not count because it is usually divided into a specific time frame, thus not qualifying for a daily amount. In addition to the exclusions above also add in tax return money.

This game is only calculated by what you earned from working your blood sweat and tears to the ground. It can consist of 1, 2, or 3+ jobs or side hustles. If for example you made 3k in a week then you can take that amount and divide it by the number of work days to give you a daily figure.

It could have occurred in the year 1999 or 2013, the point I want to communicate with all of you is to remember that fun day and try to replicate or top the massive amount of dollar bills you placed in your pocket. If you set goals you will eventually exceed them, so this project will keep the big amount fresh in your mind and you will hopefully look to top it everyday from now on. Maybe next time we can touch on; What is the most you ever made in a week or month or year. Now after this post I will keep a eye on all the income sources to try and top this figure. See below for my figure.

What is the Most you made in a Day:

– 580 is the most I’ve made

I hope you can find the objective of this money exercise because we all can get motivation by this type of game. My figure consists of my day job money, sale of a sneaker, and a part-time job. Just imagine making that every work day. I took out my handy little calculator and that is about 11K a month or 140K a year. That is some serious paper right there. I have a little sense of what type of money big wig executives make. Guys you can also include any dividends or interest money you made in the stock market. Maybe at the end of December I can calculate my daily money average I made for 2013. I am hoping my website can get me some good side income to push my average up. I know some of you are going to share some fun and exciting amounts, especially all the night owls who do not sleep to make those dollars.

When you hustle you will reap great results – Rich Uncle EL

Comment on what is the most you made in a day?

Rich Uncle EL