How Is Passive Income Taxed? The Answer Isn’t So Simple
We will explain what those differences are and try to give you some clarity in relation to how what you may perceive as passive income is taxed.
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Here are the latest articles from WealthGang
The 10-Step Blueprint To Achieve Financial Freedom
What if you could take a vacation without worrying about how much you’re spending? Without feeling guilty of the money you’re splurging? And without constantly worrying about what you’ll have to sacrifice to offset the expense over the next few months? What if money was just not a factor? If you want to live a… Read more
5 Best Investment Clubs That Can Help Take Your Finances Up A Notch
Many people are firm believers in the popular saying, “Two heads are better than one.” This principle also applies to investment. When you’re with a group of people, the possibility of success in the field of investment also increases. This is why investment clubs have been popular, especially for those who are just starting to… Read more
How To Put Your Money To Work With Stash
Investing in stocks used to be reserved for the wealthy or the knowledgeable. However, as the stock market grew in popularity and as technology evolved, investing is accessible to many more people. With just your smartphone, you can start investing your money with just $5. This is especially true for one of these micro-investing apps… Read more
Complete Guide On How To Make Money On Vacation Rental Property
Are you looking for the best source of passive income? Have you ever thought about real estate investments? Investing in real estate can be intimidating for most people. Buying a vacation rental home, on the other hand, is a a great way to create income from real estate. In fact, the popularity of vacation rental… Read more
11 Best Investment Podcasts And The Must-Listen Episodes From Each
With the rise of the digital era, more and more avenues to learn online are emerging. One platform where investors turn to for professional advice is investment podcast. In there, they discuss strategies on how to land the right investments that will fit your primary goals, risk tolerance, time frame for investing, and risk capacity…. Read more
What Is Wealth Building? A Guide On How To Start Growing Your Fortune
In a 2017 CareerBuilder survey, 78% of U.S residents live on a paycheck-to-paycheck basis. Many individuals are struggling to support their daily needs and in making ends meet. The sad truth is that this might a familiar story to you. However, if you’ve decided that you want to leave your typical survival mode life, and… Read more
Will Your Tax Refund Be Delayed? IRS Holding 30M Tax Returns For Manual Processing
Where’s my tax refund? That is the question everyone is asking this year. When you’re owed a refund from the Internal Revenue Service, the last thing you want is a long wait to get your money. Sadly, your tax refund could be delayed this year, because the IRS is holding almost 30 million tax returns… Read more
This Company Is Hiring A Part-Time Weed Reviewer And The Pay Is As Good As The Perks
Including the job title of “freelance weed reviewer” never crossed our minds while putting together our list of non-traditional ways to make money. This is a failure on our part, considering the legalizing of recreational cannabis in numerous states over the last year. Well, wherever there is growth in an industry (no pun intended), there’s… Read more
What If You’d Invested $1,000 In Every Major Vaccine Stock At The Start of the Pandemic?
We don’t usually play the “What if?” game here at Wealth Gang – we’re typically focused on building wealth for your future. But what’s past is prologue, and there are lessons to be learned from looking back. Also, there’s a certain entertainment value in asking questions like, “What if I’d put $1,000 in each of… Read more
Social Security Running Out Is A Big Worry Among Millennials
Millennials are often stereotyped as being a lazy generation who doesn’t really care much about the future, but a recent survey from Transamerica reveals that 25 to 40-year-old people do think about at least one impending issue. Millennials are scared that social security benefits will dry up. In the survey, more than three-quarters of millennials… Read more
How To Use Artificial Intelligence For Investing
The world of finance has been around for centuries but there are always new innovations that change the landscape. Recently, with the rise of the fintech companies just like Monzo, Chime, Aspiration, and Revolut, consumers have felt more in control in managing their financial accounts through self-service platform in the form of a simple mobile… Read more
Six-Figure In-Demand Job You Didn’t Know About: Certified Court Reporter
Believe it or not, there are a lot of six-figure jobs that you might not know about. In fact, we were recently emailed by a reader in response to this post about six figure jobs that will be in high demand over the next decade. The job we didn’t know about? A Certified Court Reporter…. Read more
15 Cities Paying People To Move There Right Now
The pandemic dramatically changed the way people live – and perhaps even more profoundly – the way people work. More workers than ever work from home, forgoing the commute and hours spent in an office for longer hours inside their homes. Workers are not only changing the inside of their homes to make working easier,… Read more
Make Over $100K Working From Home? Remote C-Suite Jobs Are Now A Reality
Flex jobs are the future as the work landscape has changed drastically over the last 12 months, with millions of Americans forced to work from home during 2020. Companies who once scoffed at the idea of people working from home and holding meetings via Zoom or phone have now gone fully remote. In fact, having… Read more
Report: New Investors Are Learning Robinhood Tax Implications The Hard Way
2020 was a banner year for brokerages of all shapes and sizes. But now new investors are learning the tax implications that come with DIY day-trading apps like Robinhood. During the stock market rollercoaster and rally of 2020, at least eight million people opened new brokerage accounts in the first three quarters of 2020. Day-trading… Read more
Mark Cuban Thinks The Number Of People Who Own Bitcoin Could More Than Double
To invest in Bitcoin or to not invest in Bitcoin? That is the question a lot of people are asking themselves. And even former naysayers of the world’s premier cryptocurrency are starting to come around on its appeal. From Michael Saylor to Tesla accepting Bitcoin as payment for their cars, Bitcoin is having a moment… Read more
When to Expect Your $3,600 Child Tax Credits (And How to Get Them)
The $1.9 trillion American Rescue Plan signed last month contains new and expanded child tax credits. And while the credits are technically tied to 2021 tax returns, which you won’t file until 2022, the IRS plans to start delivering cash this year in the form of monthly installments. Below we’ll answer commonly asked questions about… Read more
How to Make Money On Wattpad
Are you a passionate writer who wants to share your thoughts and stories to the whole world? Do you find yourself fully enthralled with words and can get lost in the world of literary fiction? If you answered yes, then maybe you want to find out how to make money on Wattpad. Words connect the… Read more
How To Make Money While Pregnant And Unemployed
A lot of pregnant moms-to-be prefer not to work during their pregnancy. That decision may be due to medical issues, having demanding occupations that could be difficult during pregnancy, or simply wanting some time off before the baby is born. Whatever the reason, there are options for you to make a lot of money without… Read more
The One Mistake Stimulus Check Recipients Are Making When Filing Their Taxes
This is a tax season unlike any other. With most (but not all!) states extending their deadlines until May, taxpayers have a little extra time to get things in order. But there are still plenty of landmines and unprecedented variables like stimulus checks to navigate when filing your 2020 taxes. One question many taxpayers are… Read more
Couple Who Saved $2K On One Walmart Trip Shares Where Biggest Deals Are In Every Store
About a year ago, a Florida couple turned their passion for finding the best possible deals at Walmart into a popular YouTube channel. Angel and Manny launched Angel on the Go. The couple tried to cruise the aisles of other stores too but are adamant that – when it comes to secret sales – no… Read more
Rental Real Estate Investing: A Beginner’s Guide To Creating Passive Income – Book Review
Many people get into real estate investing because they want to be able to generate wealth passively. Along with building equity, the cash flow from investing in real estate certainly has its benefits. Today, we’re taking a look at a popular book that dives into rental real estate investing. So if you are a beginner… Read more
Redditor Shares Journey To Saving $1 Million In Total Investments At 40-Years-Old
How much money should you have saved for retirement when turning forty? There’s no one-size fits all answer, but the rule-of-thumb suggestion from Fidelity is 2x your income, comfortably stashed in an investment vehicle where the money can earn compound interest. Forty is so much more than a dreaded age where one’s metabolism starts slowing… Read more