Most people have heard of tax brackets, but do you really understand how they work? Understanding tax brackets is an important part of one’s personal financial literacy, especially when calculating one’s post-tax income. Even so, a few things in life are more certain – and confusing – than taxes. Scott McLaine at BrightWealth® Financial Services… Read more
One of the most important things for any smart investor out there is to understand the meaning of investment income. After all, most of us invest our money in order to make a more significant profit at the other end, right? In the investing world, there are thousands of different investment opportunities available to us,… Read more
Throughout your career, you have always been cautions with your spending and have always told yourself you won’t retire unless you have enough funds. You have squirreled money away into your Registered Retirement Savings Plan (RRSP). That is great. You are prepared for your future! But what happens next? You cannot keep your money in… Read more
Entrepreneur, motivational speaker, author, and internet personality Gary Vaynerchuk has no shortage of opinions on how to create wealth. However, there is one side hustle that he believes is the best opportunity for young people. Gary Vee also recently weighed in on the quiet quitting trend. Investopedia defines quiet quitting as: “Doing the minimum requirements… Read more
If you considered real estate as an investment, you may want to wait out the historically bearish market. Experts expect certain real estate markets to plummet by as much as 25%. Meanwhile, mortgage activity has nosedived to a 25-year low – punctuating the real estate market freefall. Real estate speculators estimate that former hot spot… Read more
It’s the word that’s on the tip of everyone’s tongue right now: Inflation. Inflation is the dominant storyline of 2022, with consumers feeling the squeeze in their wallets. Inflation isn’t budging from 40-year highs. The Fed continues to raise interest rates in an attempt to level out pricing throughout the economy. Their forecast calls for… Read more
Starting a business, and then making that business successful, is not as easy or glamorous as it might seem. But the hardest part of anything in life — whether it’s launching a business, getting in shape, or even investing — is the simple act of starting. But what happens after you set up your LLC,… Read more
Real estate investing isn’t just for the wealthy. Today, anyone including non-accredited investors can invest in real estate using an online real estate investment platform, otherwise known as crowdfunding. Pooling hundreds or thousands of investors’ money together, platforms like Groundfloor Investing and Fundrise help borrowers fund their investments either on the debt or equity side…. Read more
If you have been on the fence about dipping your toe into real estate crowdfunding, your decision just got a lot easier thanks to Fundrise. Today, Fundrise has announced that their Starter Portfolio now boasts an extremely low $10 minimum. The company redesigned their starter portfolio in order to cater to younger non-accredited investors. The… Read more
Kevin O’Leary warns that inflation is obliterating money stashed in bank accounts. The Shark Tank star issued some investment advice on how to protect your money from inflation. Inflation rates rose in April, the Consumer Price Index (CPI) jumped 8.3% from a year ago, according to the Bureau of Labor Statistics. O’Leary told CNBC, “Right… Read more
Warren Buffett won’t be investing in bitcoin anytime soon. In fact, you could practically gift the legendary investor cryptocurrency and he wouldn’t want it. Buffett’s repudiation of bitcoin came during 2022’s Berkshire Hathaway annual shareholders meeting. “If you said for a 1% interest in all the farmland in the United States, pay our group $25… Read more
The internet age has been here for some time now and millions of people have taken advantage of the latest technologies to make money online. Regardless of your background, location or age, you too can leverage new and innovative approaches to create a side income and even significant wealth through the internet. And it’s not… Read more
Are you looking for a quick and easy way to make money? Regardless if you’re trying to survive over the next few days or saving up for your ultimate vacation, finding for jobs that pay under the table provides a simple and convenient way to make money. A lot of people prefer these kinds of… Read more
Shark Tank investor Kevin O’Leary sees investment opportunities in the crypto space other than cryptocurrencies. In a new interview with Kitco News, O’Leary reveals that he is actively investing in digital opportunities that have been overlooked in the rise of cryptocurrencies. O’Leary AKA “Mr. Wonderful” invested in Canadian decentralized finance (DeFi) platform WonderFi and Immutable… Read more
All around the world, employers are embracing the idea of employees working from home. According to a survey from Enterprise Technology Research, the percentage of workers permanently working from home doubled in 2021. If you’re working from home now, you’ve likely set up the home office to suit your every business need, but there could… Read more
Dan Price is the founder of credit card processing company Gravity Payments. Price garnered national headlines in 2015 when he announced that all of his employees would be paid a minimum salary of $70,000. In 2020, Price said the company’s headcount had doubled, and the value of payments that the company processes had gone from… Read more
The current real estate market shows no signs of slowing down. Experts predict that the real estate market won’t return to pre-pandemic levels for another two years. The S&P CoreLogic Case-Shiller national home price index showed unexpected growth of 19.2% between January 2021 and January 2022. The surprising surge was higher than December’s increase of… Read more
In numerous interviews over the years, Bill Gates has stated that being a lifelong reader of books is the key to success. Gates is quoted as saying that “every book teaches me something new or helps me see things differently.” Gates has also gone on record, stating that no matter how much he doesn’t like… Read more
Nearly 4.3 million people quit their jobs in January, down slightly from the record 4.5 million who left their positions in November. In 2021, 48 million people quit their jobs during the Great Resignation, which was an annual record. However, a new survey found that a vast majority of young workers had regrets about leaving… Read more
If you are fortunate enough to work from home full-time, you may consider the situation an opportunity to explore new places. Maybe you’ve considered moving out of the country to experience a completely different culture. But how do you find the best countries to work remotely? Travel booking website Kayak recently published their world “Remote… Read more
President Joe Biden signed an executive order on Wednesday that called for government oversight of cryptocurrencies. The “Executive Order on Ensuring Responsible Development of Digital Assets” states that because of the rise of cryptocurrencies, there are “profound implications for the protection of consumers, investors, and businesses, including data privacy and security; financial stability and systemic… Read more
Investing in rare wines is like building a startup business: you may need ten years to see significant returns. The industry is not for the faint at heart as knowledge and timing are a large part of success. But over the past few years, fortunes have been made. “Had you allocated $100,000 to Cult Wines,… Read more
Kevin O’Leary is bullish on bitcoin. The Shark Tank star predicts that the most-popular cryptocurrency could hit a whopping $300,000 per coin within the next three years, but notes that one major development will need to happen to unleash the significant financial growth. Bitcoin has had a rollercoaster ride in the past year – hitting… Read more
Welcome to Money Talks, a millionaire interview series featuring anonymous millionaires to learn more about how people make money and accumulate wealth. Today’s edition of Money Talks features a man who calls himself “LandShark” (follow him on Twitter @IAmLandShark) and is a self-proclaimed hater of debt and lover of saving aggressively and investing in index funds. Hopefully… Read more