The vast majority of people only know how to buy shares and sell them when the price rises above the purchase price. However, the price in the market has 3 directions.
1. Climbs
2. Floats sideways
3. Drops
It means you only make money 33% of the time. You spend the other 66% waiting while the price goes nowhere or drops. Therefore, you must learn how to make money when one of the other options other than a price increase happens.
The market, in general, has been falling in recent months. So most people have seen their accounts plummet. But today, I’m going to show you how you can make money regardless of the price direction of your investments.
Be part of the disruption and get free stocks when you open a Robinhood account. Also, enjoy your fractional shares and commission FREE!
Using the strategy of catching dividends, I invested in Intel Corporation (INTC).
Intel company had an ex-dividend date of May 5, 22. Two days prior, I invested $4,540. I made a purchase of 100 shares for $45.40.
Once the purchase went through, I quickly sold an option expiring May 6, 22, for a credit of $38.
Since then, Intel’s price has dropped and remained below $45. Typically, people are left waiting for the price to recover, looking at their accounts stagnant for weeks or months.
On May 6, 22, as Intel’s price did not reach $46 or more, the option lost most of its value. So I did what is called a ‘roll.’
I bought that option for $3 and sold the option expiring May 13, 22, for a credit of $54, giving me a net income of $51.
Similarly, the price of Intel did not recover and remained below $45. Repeating the process, on May 13, 22, the option lost all its value again. I bought the option for $1 and sold the one expiring May 20, 22, for $26. For another $25 net credit.
On May 20, 22, the price still did not rise to $45 or more. Unfortunately, I couldn’t watch the market that day, so the option expired and died, losing its value.
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Starting the week of May 23, 22, I sold a new option expiring May 27, 22, for a $5 credit. Likewise, the price of Intel did not recover, so on May 27, 22, I bought the option for $1 and sold a new one expiring on June 3, 22, for $26, for another net credit of $25.
Since I held the shares on the ex-dividend date of May 5, 22, I received a cash payment of $36.50 via dividend on June 1, 22.
Arrived on June 3, 22, the price closed at $43.39, for which the option expired worthless. But, once again, I couldn’t watch the market on this day, so I didn’t do another roll-over.
For 1 whole month, the price of Intel has remained below the purchase price. However, I have generated a total of $184.50 in cash. Subtracting the $5 I have spent on option purchases, I have a net profit of $179.50 or a 4% for the month.
I still hold the 100 stocks on which I will continue to sell options at or above the purchase price.
With Robinhood, you can get cash dividends from well-known and established companies.
As you can see, a person with no knowledge of the market would be holding their shares and would have a loss on paper of $201 and nothing more. That person is possibly frustrated with the market because it hasn’t gone up. But we learn to make money in the market no matter how it goes; we make cash while we wait for the recovery.
I want to teach you these strategies and others for free. So I am working on a YouTube channel in which I will teach you everything I know through videos. The channel will be Investi for Spanish-speaking individuals and InvestCity for English-speaking people. We estimate its opening for the end of summer for Investi and early next year for InvestCity.
Stay tuned, and we will provide you with more information soon.
Now, begin your Road to Wealth!
Leave your comment below. If you liked it, pay it forward. Please share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.
DISCLAIMER: Please read our disclosure policy here. This post contains affiliate links, and I earn from qualifying purchases at no cost to you. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Road-to-wealth.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, and other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations is obtained from sources believed to be reliable. Still, we do not warrant its completeness or accuracy or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk, and it is your sole responsibility to evaluate the information’s accuracy, completeness, and usefulness. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
On the famous Friday the 13th, I was scrolling my Twitter account. I felt like talking to people and answering my opinion on various investment issues and the market in general.
I saw a post (I’m not going to mention names because I didn’t ask for permission) where he mentioned covered calls, one of his primary sources of income through his investment portfolio.
Among the comments, there was one that caught my attention and said:
“I’m still learning. I have a $50 call on Verizon ($VZ) which expires in June of next year. Is there a better way to do this than buy and wait?”
I answered:
“Yes. Sell weekly or monthly covered calls. You’ll get income every month apart from dividends every three months (Verizon pays quarterly dividends). Reinvest profits. A call that expires in a year freezes your money.”
He tells me:
“Could you explain a covered call to me like I’m 6 years old? I understand calls and puts perfectly. I don’t understand anything beyond that. So I did that option really to learn and because it was so cheap. So I thought, why not?
I want to say I congratulate you and Thank you very much.
I congratulate you because not many dare to accept that they still do not have the necessary knowledge and are afraid to ask for help, especially in public, as is the Twitter network.
Thank you very much because I just got back from vacation from the island of Puerto Rico and I wasn’t sure what to write. You allow me to help you and others in a similar learning position.
Let’s do it this way first, I’ll give an example of a child investor, then I’ll cover what a covered call is, its risks and benefits, and I’ll finish with two real-life examples that I’m actively managing.
Key takeaways:
* What is a ‘covered call’?
* Risks of this strategy
* Benefits of this strategy
* Real examples
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The Small Investor
You’re 6 years old, and you buy 100 hot-wheels cars for $2. However, you want to sell them in the future at a higher price. A ‘covered call‘ gives you the option to sell them at a higher price in the future while earning you income while keeping the cars in your possession.
Therefore, you sell the option to Juanito to buy the cars from you for $2.50 if the cars are worth $2.50 or more in the future. Juanito pays you a credit, let’s say $0.50, for having the opportunity to buy those cars.
At a stipulated date in the future, say a month from now, one of two things will happen.
1. Cars are worth $2.50 or more. Juanito returns to you to buy the cars. He takes your cars and pays you the $2.50. You keep the $0.50 he paid you for the contract and receive the $2.50 per car in cash.
You have the cash and credit to go back and make another investment. You generated a profit of $0.50 per car ($2.50 sale price – $2 cost) plus the $0.50 credit.
2. Cars have not yet increased in value above $2.50. The contract expires. Since it is not worth more than $2.50, Juanito will not want to exercise his contract since he can get the cars at a lower price. Juanito loses $0.50 that you keep for yourself.
So you keep the $0.50 contract and keep your cars in your possession. It allows you to make a new contract for the next month, generating more income while you continue to reduce the cost of your cars.
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What is a ‘covered call’?
It is an income strategy that helps investors generate income in addition to dividends (if the company pays dividends) and capital gains on the stocks or ETFs that you already manage in your portfolio.
Risks of ‘covered calls’
There are two types of risks:
1. The most considerable risk we incur is that we limit our profits on price appreciation.
For example, we buy 100 shares at $45 and sell a call at $50. We limit our earnings to $5 per share ($50 – $45) plus the credit we receive. If the stock rises above $50, the person who bought the call will exercise their option to buy $50 from us and sell it at the current market price.
2. The other type of risk is if the share price falls too low from where we buy because the further the price is from our effective cost, the credit we receive also decreases.
Benefits of ‘covered calls’
1. Selling ‘covered calls’ provides weekly or monthly income depending on the company. Some companies, like Verizon, sell weekly options. Others, like MPLX LP, sell options on a month-to-month basis.
2. Regardless of what price does after selling a covered call, the credit we receive is ours to do with as we please.
Buy whole shares or fractional shares of your favorite stocks, whether Tesla (TSLA) or any other company, commission-free with Robinhood.
Possible results
When we sell ‘covered calls,’ there are 2 possibilities:
1. The stock price rises more than the price established by our sale. At this point, the buyer is very likely to exercise his option and take our shares. Then, automatically, the equivalent of the money appears in our account as cash, and our shares disappear.
In this example, we realize capital gains plus any credit we have received. Now we start looking for another investment to repeat the process.
2. The share price remains below the established price by our sale. At this point, the option loses most or all of its value, generating our credit income, and we keep our shares intact so we can repeat the process.
In this example, we have 2 options:
a. We can wait for the option to expire and go up into the options heaven. It happens on Fridays, either weekly or monthly depending on the availability of the options. Then, when the market opens the following Monday after the expiration, we go back to sell another call with a new expiration date in the future.
b. We can do what is called a ‘roll over’ of the position, which means that we buy/close the current position before it expires for a low price between $1 to $5 and sell/open a new position for a credit to a new date in the future.
As an investor, it is up to you to decide which options to execute. It is your portfolio, and you must manage it your way. Both options are feasible.
Real examples:
Before we get into the examples, there are 2 requirements for this to work.
1. You must be authorized to buy and sell options.
2. You must be able to buy at least 100 shares of the company of your interest.
Each option consists of 100 shares. Therefore, if you do not have at least 100 shares in your portfolio, you cannot sell options contracts against that position. The part that refers to ‘covered’ means that your 100 shares are collateral for that position.
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MPLX LP ($MPLX)
1. The ex-dividend date for MPLX LP ($MPLX) was May 5, 22. If we wanted to receive its dividend, we had to buy the shares on May 4. That’s precisely what I did.
On May 4th, I bought 100 shares at $33 for an investment of $3,300. I sold the $33 call expiring May 20, 22, for a $40 credit.
It left me with two options:
1) the price closes below $33, and I keep the $40 credit and the shares to receive the $70 dividend ($0.70 dividend * 100 shares). By keeping the shares, I could continue to sell covered calls in the future.
2) the price closes above $33, and my shares get assigned to the person who bought my call. So I had $3,300 deposited into my account, and my shares disappeared.
The second option was what happened.
For a couple of hours of holding the stock, I received a $40 credit. After that, the shares disappeared, and my $3,300 returned to my account as cash. It left me with $3,340 to repeat the process.
Like $MPLX, Intel Corporation had an ex-dividend date of May 5, but the difference is that $INTC has options available weekly.
So on May 3rd, I bought 100 shares for $45.40 for an investment of $4,540. I sold the call expiring on May 6 at $46 for a $38 credit.
Since the price of $INTC was below $46 on May 6, the option’s value lost the vast majority of its value, falling to $3. Therefore, I decided to roll over that position before the end of the day, buying the position for $3 and selling/opening a new position for $54 credit expiring May 13.
The price of $INTC is down, with the rest of the market hovering around $43.64 at yesterday’s close. Therefore, I did another ‘rollover,’ closing the position for $2 and selling/opening another position expiring on May 20th for a credit of $27.
I currently have a loss in the value of $INTC shares of ($176). However, I have received $114 in credits in two weeks. Here is the breakdown:
Credit: $38
Debit: $3
Credit: $54
Debit: $2
Credit: $27
Adding the credits ($119) and subtracting the debits ($5) gives us $114. Add to this the dividend of $36.50 ($0.365 dividend * 100 shares) that I will receive on June 1 since I held the shares as of May 5, and we have a total of $150.50 ($114 + $36.50).
I will keep doing this process until, in the future, the price of $INTC recovers to $46 or higher. Then, my shares get assigned to someone else, giving me my money back in the form of cash and allowing me to start the process with a new position either at $INTC or another company.
Which Oil Stock Is A Better Buy? Exxon Mobil (XOM) or Enbridge (ENB)
Note: We have several things to keep in mind.
1. If we want to keep our shares, depending on the price recovers, we can sell ‘covered calls’ at higher prices like $48, $50, etc. Not only does this continue to leave us weekly or monthly income through credits, but we also ensure more significant capital gains.
2. If the stock price continues to decline with the market, two things can happen:
a. Credits decrease if we continue to sell covered calls at the same price we started.
b. We are forced to sell covered calls at lower prices than initially started. It decreases the capital gain when shares get assigned to someone else. However, the credits must be higher since we are approaching the current share price.
I hope this can help you understand and learn other ways to make money in the market. If you want to read from other sources, click on this Investopedia link.
Now, begin your Road to Wealth!
Leave your comment below. If you liked it, pay it forward. Please share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.
DISCLAIMER: Please read our disclosure policy here. This post contains affiliate links, and I earn from qualifying purchases at no cost to you. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Road-to-wealth.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, and other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations is obtained from sources believed to be reliable. Still, we do not warrant its completeness or accuracy or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk, and it is your sole responsibility to evaluate the information’s accuracy, completeness, and usefulness. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
Let’s chat about becoming a millionaire, shall we? You may be asking, “Joey, what’s the point?”…
The point is that you need goals. Becoming a millionaire is one of the most common goals when planning to build long-lasting wealth. You are looking forward to building wealth for you and future generations. If you do it right, at some point soon, you will become a millionaire, and then some.
I did not say “Rich” because you can win the lottery tonight, be “Rich” overnight, and be broke again in a year or two. It would be best if you learned how to build and create wealth. It all starts with financial literacy. A knowledge mix of investing and taxes. Yes! Taxes! It is imperative to learn how to keep what you earned and protect your assets.
It starts slow but then something unique happens. Not only snowball into big numbers as the years’ pass, but if something unfortunate happens, like losing it all, you won’t “sweat it” because you know how to build wealth, and you can do it again. But, this time is even faster because you will have something this time that you didn’t the first time around, experience!
Apple (AAPL) is one of the biggest holdings of the Nasdaq.
One way of becoming a millionaire over time is investing in dividend stocks. Many of you ask the same question: Can you live off dividends? YES! Yes, you can. You need to understand that this strategy takes time because you have to accumulate shares for decades. It’s not a get-rich-quick scheme. It takes time, knowledge, and planning.
Why dividend-paying stocks? Because it doesn’t take much time out of your daily life. It’s passive income. All you need to do is set a specific amount of money once a month and invest it in your favorite companies. Then, keep going about your life. Then the company will share part of their earning profits with you as a dividend for your time and investment. You are a partner, and you will profit just like all the big investors without putting in any work at all.
It doesn’t matter if you have a raw platform like RobinHood, or something more sophisticated like TDAmeritrade, Schwab, or Fidelity. The reason is you will be buying once or twice a month and not looking to sell ever! Instead, you want to accumulate for the long term. In that case, the platform makes no difference for this strategy.
Things to keep in mind:
1. How much money a month is required to cover your expenses and have some extra money for fun?
2. How to choose which company to invest in? Look under the company’s hood (aka fundamentals).
3. Compare companies long term growth
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HOW MUCH?
Starting point. It would help if you did your math. Each one of you is living a different reality. Numbers will vary greatly depending on your habits, income, and current location.
As an example, let’s say that your expenses amount to $2,500 a month, and you will live comfortably with an extra $1,000 for yourself. That means that you need to make at least $3,500 a month or $42,000 a year.
How much will that cost? It depends on the dividend paid by the company and the price you pay for the shares.
As an example, let’s use a very well-known retail store, Walmart (WMT).
Dividend = $2.16
Price = $147 (as of Dec 12, 2020)
Dividend Annualized growth = 12.19%
Dividend Yield = 1.47%
$42,000 / 2.16 = 19,445 shares needed of WMT to cover your yearly expenses.
The current yield of 1.47% will not suffice. It doesn’t even beat inflation.
The annualized growth doesn’t look bad, but the current yield of 1.47% projects to grow to 4.64% in 10 years. Not bad, but there are plenty of better choices.
And if you would buy it all right now, it would cost you a total of $2,858,415 (current price of $147 * 19,445 shares). So unless you have $2.8 million lying around, let’s look for something better.
Listen, when you are a beginner, you may doubt the strategy because all you are about to see is that you received $1.50 or some ridiculous number like that. You will not be even close to where you need to be when you first begin. But you will be there eventually. The critical factor, you need to start! The sooner you begin, the sooner you can get there. It’s like needing to walk somewhere. If you stay on your couch, you won’t make it. But if you put your shoes on and start walking, you will get there eventually. Take action!
Divide that into three steps:
1. Decide if you want to live off dividends and take on this journey; if you do, go to #2.
2. Create your investing plan (includes how much money you will invest monthly and in which companies)
3. Take action and execute your plan!
Amazon (AMZN) is one of the fastest-growing companies in the world.
HOW TO CHOOSE?
Point number two. How do you choose where to put your money? Ok, there are thousands of options for you to choose from in the stock market. Not what you wanted to hear? Sorry, but it’s the truth. So what now?
A quick but not always beneficial way of choosing, only invest in companies that you shop at or know well. That will probably be something like Apple (AAPL), Walmart (WMT), Walgreens (WBA), Verizon (VZ), among many others.
Is it wrong to buy what I know? No, it’s not. If that is the route you want to go, so be it. Just like everything in life, we have to live with our choices.
The good thing is you know and trust these companies. The bad thing is they may not be offering you the best bang for your buck.
Alright, smarty-pants, what other choice do I have? Not the quick way, that’s for sure.
Look under the hood—the company’s fundamentals.
Use a free stock screener like Finviz or BuyUpside (Dividend Growth Rate Calculator – See How Fast Dividends Grow) to look at your favorite companies or not so famous. You never know what you might find. You will be amazed when you find out that your favorite companies are probably too overpriced, and you should invest your money somewhere else.
I use Finviz to look at the current numbers of a company like:
– price
– current EPS
– current Dividend and Dividend Yield, Dividend Payout
– ROE
– Current Ratio, Quick Ratio
– Long term Debt / Equity, Debt / Equity
– Forward P/E, PEG, Price to Sales (P/S), EPS past five years.
From BuyUpside, I find the Annualized Dividend Growth of stock to project into the future using that same growth.
COMPARE COMPANIES LONG TERM GROWTH
Point three. Collect the information to compare companies and their growth. Then, plug in the numbers into an Excel Sheet, and formulate it to highlight only the best. In the end, add up which company highlighted the most, and those companies are usually the ones to choose to invest in because they provide the best cushion from all angles.
In conclusion, I’m looking for a company that can provide an excellent Return on Equity. Has sufficient cash to pay their bills and expenses, has medium to low debt, a good dividend yield now that can beat inflation of 3.5% on average, and sustainable growth for the future. So even if the price doesn’t go anywhere for ten years, I can still receive more in dividends, thanks to their growth. In addition, look for positive earnings growth into the future and growing sales.
Now, begin your Road to Wealth!
Leave your comment below. If you liked it, pay it forward. Please share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.
DISCLAIMER: Please read our disclosure policy here. This post contains affiliate links, and I earn from qualifying purchases at no cost to you. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Road-to-wealth.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, and other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations is obtained from sources believed to be reliable. Still, we do not warrant its completeness or accuracy or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk, and it is your sole responsibility to evaluate the information’s accuracy, completeness, and usefulness. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
As investors, we have to keep an eye out for our holdings. Everyone is happy when things are good, but when things go south, everyone runs for the hills. As long-term investors, we don’t worry about the fluctuations in the stock market, but we do need to be aware of fundamental changes.
Dividend increases are one of my favorite strategies (Dividend Growth Investing). But on the other hand, dividend cuts are one of the first red flags and early signs to show that a company may be in financial trouble.
Another red flags to consider are low amounts of cash available. Again, you can use Finviz to find the current and quick ratios. A metric of 1 or higher is usually a sign of enough money to cover expenses. However, that also depends on their debt.
Starbucks (SBUX) is Shaquille O’neal’s greatest regret for not investing early.
Debt to Equity and Long-term Debt to Equity is preferable under 1 to show a low debt. It is all dependable on the industries and sectors. Some sectors run with high debt, while others may have zero debt.
In my book, as long as the quick ratio and current ratio are higher than debt to equity and long-term debt to equity, it is good enough for me.
Without further ado, let’s take a look at the dividend increases and dividend cuts for the first 18 days of February 2022.
Dividend Increases
First list by Joey OrtizSecond List by Joey OrtizThird List by Joey OrtizFourth List by Joey Ortiz
Dividend Decreases
Decrease List by Joey Ortiz
The stock market will move up over time. However, that doesn’t mean we have to marry a stock forever. Some companies manipulate their books to look better than they should show, but that only lasts for so long until they can’t do it anymore. The best example for all investors was Enron. You can Google information on all the tricks they did until going bankrupt.
We can ride the ship up but should never ride it all the way down. We are not the captains of those ships. We are captains of our investment accounts, and that is all we care about now and in the future.
Stay vigilant and protect your capital.
Now, begin your Road to Wealth!
Leave your comment below. If you liked it, pay it forward. Please share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.
With Fundrise you can become a digital landlord anywhere in the United States, without the hassle.
DISCLAIMER: Please read our disclosure policy here. This post contains affiliate links, and I earn from qualifying purchases at no cost to you. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Road-to-wealth.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, and other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations is obtained from sources believed to be reliable. Still, we do not warrant its completeness or accuracy or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk, and it is your sole responsibility to evaluate the information’s accuracy, completeness, and usefulness. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
“The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to be a millionaire” Jim Rohn
DISCLAIMER: Please read our disclosure policy here. Links in this post may contain affiliate links and as an Amazon Associate, I earn from qualifying purchases.
Who we turn out to be in life, depends greatly on our early
life experiences. It shapes us as a person and our personalities.
That also holds true for the experiences we have with money
as a young person. It could seriously shape our whole mental outlook on
finances and how we go about getting it.
I’ve always been really good at saving money. But I saved in
order to buy stuff that I wanted. No one, in my family, trade in the markets,
or own Real Estate or have their own business.
With no entrepreneurs in the family, it is a trait that I
couldn’t learn or follow. I followed the same path as everyone else around me. I
grew up in a middle-class family with high morals and values, big in sports,
but mediocre in financial education.
Now, in my 30’s, my eyes have been opened to a new lifestyle.
The best thing is, that lifestyle is reachable. I just have to work a little
bit harder than someone younger. But I’m setting myself apart from everyone
else to include family, friends, and peers.
When I say a new lifestyle, I don’t mean filthy rich and do
nothing. What I mean is, a life where I can work and do what I like at the same
time that my money saved is also working for me, growing and making my life
easier. I don’t have to wait until retirement to enjoy it. I can use
mini-retirement vacations every year and enjoy life while I’m still healthy and
able to do so. Waiting until my 60’s to enjoy my money doesn’t make sense to
me. How do I know if I’m still going to have good health then?
With that said, I started reading away more books about
money and investing in the last 2 years than ever before in my life. (For
reading books faster, read until the end).
No doubt in my mind those books changed my way of thinking
about money forever. They are shaping my financial self, and they are leaving
me with a nice positive cash flow which helps me cover my monthly bills and
then some. Which makes me envision even bigger money goals aiming to not just
help myself but my immediate family as well.
I encourage everyone to read them if you haven’t done so
yet. They will transform the way you think about money and will definitely help
you increase your wealth.
These are the most important books I read which have helped
me save and invest my first $50,000 in only 2 years. To me, this is a milestone
that could have not been possible if not for the part played by the knowledge
inside. Of all those books, the ones that have stood out the most to me are the
ones that follow.
This book unmasked the typical “Millionaire” on
the streets. The ones that have a lifestyle that is funded by debt and can
barely find any money to spare. The authors realized that most of the
millionaires in this country live just like the rest of us.
They are (PAW) or
prodigious accumulator of wealth. The ones that have the lifestyle but not the
income to support it are (UAW) under
accumulator of wealth. Most people are (AAW)
average accumulator of wealth.
You will also find in this book a simple net worth/wealth
formula that will reveal to you where you stand by your age, not your peers or
neighbors.
It was the first book to open my eyes to frugality, but not
living like a poor person, just not wasting money in excess.
Warren Buffet (The Oracle from Omaha) is hands down the best
investor in history. The wealth that he has amassed is in the billions. He
calls this book, “By far the best book on investing ever written”.
Coming from the best investor in history, I take that as the highest praise
anyone can get.
If you ever wonder how to analyze stocks, this is your book. Benjamin Graham explains his
strategy and the discipline it takes to become a smart investor.
If you have not seen or heard about this book and Robert
Kiyosaki, you are living under a rock. It is the best-selling personal finance
book of all time! Read the last sentence again. No, seriously.
He made up his two dad’s, but the powerful lessons and inspiration in this book will make you start
thinking like an investor and not a consumer.
A few things I learned:
– Not all debt is bad. You can get very wealthy if you
understand debt and how to use it.
– First, buy assets that produce cash flow. Then, use that
cash flow to fulfill your dreams and/or lifestyle.
– If you don’t invest in assets first, you will never get
out of the rat race (slave away your life working until you die)
– Become your own boss. They believe if you are going to do
it, go big or go home. But no need to jump with both feet. Personally, I’m starting
small as a side job and building to the point where I won’t need my primary job
anymore.
If you want to start
your own business or invest in rental properties, this is the book to read.
Ken McElroy who is part of the Rich Dad brand (Robert
Kiyosaki) wrote this book. As a mini summary, what you need to focus on is
finding the right deal where you can make money off of it.
He goes over Real
Estate Myths: Need a personal fortune, need to start small, or you have to
be a Real Estate genius before you can get started.
If you work hard to study the markets and properties,
evaluate the real income and expenses properly and improve operations, R.E.
investing lets you sleep well at night all while building your massive wealth.
Tom Wheelwright is a CPA
who is also part of the Rich Dad brand, wrote this book about tax planning concepts.
He explains how to use your countries’ tax laws to your
benefit. How tax laws work. And how they are designed to reduce your taxes, not to increase your taxes.
Once you understand the basic principles of tax reduction,
you can begin reducing your taxes and in the future how to eliminate your taxes completely just like President Donald J Trump
and Rich Dad’s own Robert Kiyosaki. You will no longer be afraid of taxes
again.
Timothy Ferris wrote this amazing book which gives you examples
on how to properly be more effective and
efficient at work and in life. He’ll explain the difference between the
two.
How to build systems
that can be automated. The cash flow will keep flowing in, and you will work
less and less as you start removing yourself as a bottleneck of information.
Little tips and tricks on how to technically become an
expert in whatever you choose to work on in very little time.
Learn to delegate tasks and get more done on a daily basis.
It doesn’t matter if you are a business owner, any type of entrepreneur, CEO,
floor manager, store manager, or whatever, as long as you have individuals that
work under you, you should get this book.
Your productiveness will go through the roof. And your
wealth too.
This is another of Robert Kiyosaki’s books. This one, in
simple words, is about taxes.
Yawn! Right? Well, no, hang tight, you will definitely want
to read it. You will learn the difference between the four types of individuals
there are in the world and why some pay a lot of taxes while others pay the minimum
or none at all.
The tax benefits
you can get if you do things that the government wants you to do like research,
create jobs, places for living, and many other things, you will probably want
to give it a try and stop giving the government half your money back in taxes
as an employee.
Tony Robbins shares tips from different financial gurus like
Warren Buffet (The Oracle of Omaha), Alan Greenspan (Federal Reserve USA
1987-2006) and David F. Swensen (Investor, Fund Manager).
He explains the rules
of the game, key players and their agenda, and how the average person (you
and me) can ride the financial storm to build your financial freedom.
Being “Unshakeable” means that no matter what
happens to the economy, you will have more than enough for yourself, your loved
ones and your contributions. In other words, financially secure.
If you don’t want to be misinformed, ignorant and/or in fear
of the financial markets, you must know the rules. Get this book.
WHAT NOW?
Well, there are plenty of more books but we will be here all
month long. I will write about them later. But this is where I started and I
can’t tell you in this article how my life changed after this. I’m fully
invested in the stock market and currently taking Real Estate classes. I already
set my goal to acquire my first Real Estate Investment within the next 15
months. Building my investing team and learning the game for now, but when the time
comes, watch out!
READ BOOKS 10X FASTER
I just recently wrote an article where I explained how to make David and Zira read your pdf books for you and for free. If you are reading out of your computer in pdf format, they will read it to you. Check it out.
Begin your Road to Wealth!
Leave your comment below. If you liked it, pay it forward. Share
it on social media and help others become successful as well. Your success will
be the result of two things: Knowledge and Action.
“No one wants to help you get there, but they’ll all show up when it’s time to celebrate” IG @life_playground
DISCLAIMER: Please read our disclosure policy here. Links in this post may contain affiliate links and as an Amazon Associate, I earn from qualifying purchases.
Reading
For some reason, for many, reading is not interesting.
Almost as if it were their kryptonite. However, reading is where knowledge is
hidden.
That’s why they force you to read at school. For you to
learn.
On second thought, I think that is why many do not like to
read. They made them read so many books that were not interesting, that they
lost the magic and interest in reading.
If you are like me, you read the same paragraph several
times. Again and again, because I get lost, get distracted by flies, or I just
don’t understand something.
On average, it takes me a month to read a book of 250-350
pages. Some 10-15 pages per day before bedtime. Nor do I try hard to finish
faster or read more pages per day. How great would it be for someone to read me
the book?
The solution
Today, you can have your book of interest read to you,
whenever you want, wherever you want and for free. That is great! How far
society and technology have come! Is incredible.
It sounds even hostile, but it isn’t in the least. David and
Zira are willing to read your book whenever and wherever you want. And for
free. Because they are robots.
They are a reading system that many people do not know
exists in pdf books and documents.
How it works
It does not work with pdf documents created by an image.
It works perfectly with pdf documents created by a text
source (Microsoft Word or other word processing programs).
How to customize it
First, you must open the pdf book, and you will program it
to your liking.
Click on Edit at
the top, in the submenu, scroll down to preference.
In the box that opens (categories),
click on reading.
You will see that as in the photo, you have the option to
customize your reader.
Reading order:
Left to right, top to bottom
Volume: adjust as
required
Voice: Your two
options are:
Microsoft
David Desktop (Male)
Microsoft
Zira Desktop (Female)
Pitch: adjust as
needed between 1-10
Words per minute:
this is how fast you want the document read. I am using 175.
Too fast can be difficult to hear and/or understand. Too
slow may sound unnatural and saddle you to death. Find that sweet spot where
you can have the best of both worlds; you are able to listen/understand and it
keeps you awake, attentive and engaged.
Click Ok.
How to activate it
Now we move on to the part everyone wants to learn. For the
less tech-savvy, we will do the step by step doing all the clicks. In the next
part, I will give you the codes for those who like to use shortcuts.
Find the place where you want the reading to begin.
Click on the first word.
Now, at the top, click on View, then all the way to the bottom of the submenu, hover your mouse
over Read Out Loud and click on Activate Read Out Loud.
* This is not going to start the reading, you are just
activating the pdf.
Click on View
again, hover the mouse over Read Out
Loud, and you have two options here: 1. read this page only, 2. read to end of document.
Usually, most will choose to read until the end of the
document.
Note that in the same process, View – Read Out Loud –
you also have the options to pause and/or
resume the reading or stop reading
completely.
For many, this information will be of great help.
Unfortunately, too many people today have no knowledge about this breakthrough,
which can be exploited in our favor. I started a book 3 days ago using this
method and I’m already on page 148. Pausing to summarize and everything. I will
finish it in 6 days. Now, that is a breakthrough for me.
I hope it helps. Enjoy!
Begin your Road to Wealth! By reading more books in half the
time.
Leave your comment below. If you liked it, pay it forward. Share
it on social media and help others become successful as well. Your success will
be the result of two things: Knowledge and Action.
Welcome back, Friends! Yes, I consider you all my friends. Why else would I be trying to help you make money?
Do you know what makes us closer? It is our goal. We all have the same goal to become rich, not just look rich. And here, I will show you how I went about to reach my goal. I personally own every single one of these accounts. Managed by me and now published to you all, so you can take advantage of it too.
Always looking to do better in life, my parents did a great job raising me, but never had anyone to really guide me in the right direction to reach my goal as a millionaire. Until one day it clicked for me! Each person has its strengths and weaknesses. So, what if I learn what each successful, wealthy person I meet, do good? Oh yeah! The results are amazing. We will start from the most profitable to the least, but don’t get that word wrong here; “least” still makes easy $30-$60 every month and I only spend about 5-6 hours each month on it. There more time you give it, the better results you will get.
Let’s
get started!
1.
Earn 3-8% with minimal effort
Stop paying more in monthly fees than what you receive on interest. Become the bank and earn interest each month on your money. Just like banks, we will use one of the oldest ways to earn passive income. Through LendingClub.
Historical
interest earnings are 3-8%, although there are ways to weed out possible bad
loans. I like to put my probabilities on my side.
My risk or the most I can lose if anything goes wrong is $25. My profits are much bigger than that.
So far, my readers that have the best results, are the ones that started with $5,0000 because they also get a $75 dollar bonus. That translates to 3 free loans that will earn you money and you didn’t spend a dime on them. Obviously, you don’t need to start with that amount, $2,500 is what the platform suggests be ideal in order to diversify.
I opened an account with this platform that is disrupting the brokerage industry by offering commission-free trading and one free stock when you open an account.
Robinhood is a U.S. based financial services company in Menlo Park, California. I make money in 3 different ways with them.
* Bought dividend-paying stocks
*
Capital gains
*
Free stocks every time my friends join
It is a very basic platform, but it beats the purpose if you are like me. With a full-time job and no time during the day to trade in and out. Slowly but steady wins the race.
With this app, I effortlessly saved $479 in 2018, profit with capital gains and dividends. Today, my account seats at $669. Not just that, but if you buy through the app at your favorite brands, you get free money deposited into your account.
Acorns is a very simple app to use and set up. It lets you save, invest, generate passive income and get cashback, all in one place.
Invest as little as $5 every month, get your round-up feature set up with your credit or debit card and get a $5 Bonus when you sign up.
You
already use apps on your Smartphone. Now, you can also get paid to try new
apps.
Appcoiner connects you with companies developing apps.
It
costs thousands of dollars for app developers just to see their app fall to the
bottom of the app world and never be heard of. They are willing to pay people
like you, for trying out their apps and giving back an honest review. As simple
as that!
Technology can help you in tremendous ways. Today, you can become a landlord, and benefit from investing in real estate without needing hundreds or thousands of dollars. A small $500 investment can get you started.
Fundrise is a platform for real-estate investing, that splits your money between two portfolios that support private real estate in the United States.
You
can set it up for income, capital gains or a mix of both. Get paid from renters
all over the U.S.
This
app is aiming to help improve health by paying people to walk outside more
often.
Sweatcoin is an app that lets you gain money daily depending on how much walking you do. It has different levels and daily bonuses. Super easy and super simple. Get paid for walking.
What
is more satisfying than buying a scratch-off ticket at the gas station and
winning? Well, playing scratch-off for free on your phone and winning!
You can play and earn for free with Lucktastic (sorry iPhoners, Android only).
Lucktastic is supported by advertising, allowing high payouts and free games. They say instant wins range from $1 to $10,000. Besides cash, there are also tokens that you earn and you can redeem free gift cards from big retailers.
This app pays you to watch movie previews, celebrity videos, the latest news, searching the web but mostly answering surveys. They also have other ways to earn money but we cover that in another article.
Inboxdollars is the app we use. Availability is subject to change but it is completely possible to earn up to $200 a month from watching videos and giving your opinion.
I
don’t have much time to spend on this, due to work and other projects I’m
currently working on and still was able to pull $43 for January and $65 for February.
Imagine what you can do if you have the time.
Well, there you have it. 10 easy ways you can earn passive income each month. I hope it helps.
Remember, it’s all about the road to wealth. If you liked it, pay it forward. Share it on social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.
Let’s learn how to take control of our
financial freedom today. Use the exact same blueprint I used for my financial
freedom.
WHAT IS THE BEST MONEY MAKING APPROACH?
There are thousands’ of money making models
out there, so I guess you are here to see which of them is the best fit for
you. If you need someone with a financial background, like a B.A. in Accounting,
you get one here, for free.
I’ve been trying different approaches at growing my money in order to not
depend solely on my job; especially after retirement.
I learned that the average millionaire has 7
to 8 sources of income. Following on their footsteps, I have become financially
free. What I mean by free is, my passive income is making me an amount of money
which surpasses my expenses.
DO YOU NEED A BACHELORS IN FINANCE TO DO THIS?
Now remember, it was not done in a month or
two. It took some work, sacrifices, discipline and time. It takes money to make
money, right?
HOW DID I DO IT?
1. Automate your savings and grow them at the same time
First thing I did was opening a savings
account that will help me grow my money over time. It has an easy set up and it
is one of those set it and forget it type of models. Just let it compound over
the years.
It has several features:
A. Saves your money automatically by rounding
up your debit/credit card to the next dollar. When it hits $5, it transfers it
out from your checking account into the app account. Then the next feature
takes place…
B. The money that you just saved will
automatically be invested in the stock market. You can choose if you want to be
more heavily invested in stocks, bonds or a mix of both. This step needs to be
done only once. It will automatically do it for you after first time set up. Also
receive dividends from the stocks you hold.
C. Found money feature lets you buy at your favorite brands and stores through the app and they will give you cash back or reinvest into your account.
Then I saved $500 to open an account where I
can get some exposition to Real Estate. The reason why I prefer to do it
digitally is because I became a landlord without the hassle.
For this type of investment I have a longer
time horizon, meaning years. I’m planning on getting money out after I retire,
not before. And since Real Estate takes it’s time to develop, I will take my
time to let it panned out.
The $500 will get you in with the Starter
Portfolio where you can split your money between two portfolios. In order to
start using all the features available you need to save $1,000 to reach the
next level called Core. By all means you can start here if you have the money
available.
After reaching Core level you choose between
3 investment plans…
Supplemental Income
Aim to earn returns via quarterly dividends, with less appreciation.
Invest in an income-oriented real estate private equity strategy
Portfolio allocated primarily to debt real estate assets
Balanced Investing
Aim to earn returns via a blend of dividends and appreciation
Invest in a balanced mix of income and growth strategies
Portfolio allocated across both debt and equity real estate assets
Long Term Growth
Aim to earn returns via appreciation in share value, with fewer dividends
Invest in a growth-oriented real estate private equity strategy
Portfolio allocated more towardequity real estate assets
If you want to get into Real Estate, FUNDRISE is your way to go.
3. Be the Bank
Just as Real Estate has stood the test of
time, so have Loans. With this advance in technology now you can become the
bank, lend $25 per loan and get paid.
The downside here is you need money to open
this account. If you want just the basic stuff you need $1,000 to be exact;
although they recommend you begin with $2,500 in order to mitigate risk of losing.
If you want to get free notes with full features and $75 bonus, then you need
to save $5,000.
Now to the good part. They claim historical returns over the long term is 3%-8% but as you can see on the picture below, I’m currently at 11.55%. If you open an account shoot me an email and I will show you a few tricks to weed out bad investments. Free of charge of course.
LENDINGCLUB is your pass to play the Bank, but with real money, getting paid for real; not Monopoly money.
Note: Currently
only residents of the following States may invest in LENDINGCLUB notes: AL,
AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME,
MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA,
VT, WA, WI, WV, or WY.
4. Build a wealth mindset
Ever dreamed of becoming a trader and making
money on the markets? Today is your lucky day because you can open your
account, and receive a free stock like Sprint, Apple, Microsoft or many others.
The simplest way you can do this is by buying
dividend paying stocks. I suggest you take a look at this list.
Great Dividend Stocks include stocks with both consistent multi-year dividend growth and steady price appreciation.
Dividend Achievers are stocks that trade on the NYSE or NASDAQ and have increased its annual dividend for at least 10 years or more.
Dividend Aristocrats, are stocks that have increased its annual dividend for 25 years or more.
Dividend Kings are stocks that have increased its annual dividend for 50 years or more.
You can buy some of this stocks and know that
price will increase over time but almost surely your dividend will increase
yearly. Giving you bigger payouts.
The following accounts I don’t use to build
wealth but to get some extra cash every month. They are similar but offer many
options when it comes to receiving your money.
SWAGBUCKS will pay you for giving your opinion on surveys, watching videos, and a wide variety of other ways.
INBOXDOLLARS will also pay you for giving your opinion on surveys, watching videos, and many other ways.
LUCKTASTIC is the modern way to play Lottery by scratching digital tickets. You can win cash, gift cards or tokens.
6. Fix your credit score
If you want to become wealthy, one way you need to get started is by improving your credit score. Credit Sesame will give you tips by email to help you get where you need to be.
7. Save, get cash back and much more…
Ease on your pocket by getting the best you can in Car insurance. Gabi will compare your current insurance and will find you if any other Insurance Company is offering the same insurance at a lower price.
Get offers, save and get cash back in your groceries. It is a great way to stay in budget and keep your fridge full. Ibotta will give you this and much more. Give it a try.
Paribus is a program that will scan your emails and get you cash back when the item you bought drops in price. It also gets you compensated when your shipment is late. Don’t delete your emails anymore and rip the benefits of this program.
MY RATING SYSTEM
I give ratings to my investments from 0 to
10. Main variables are:
* Ease of set up
* Ability to make money
* Consistency
* Price
* Special features
ACORNS 9/10 (only downside is if the market sells off, although we know it will be temporarily, everything else is great)
FUNDRISE 9/10 (it is a slow investment, need patience but it’s totally worth it)
LENDINGCLUB 9/10 (only hurdle is the amount of money to get started, once you get over that hurdle you will not stop smiling)
ROBINHOOD 8/10 (super simple platform, need more features if you plan to day trade)
SWAGBUCKS 7/10 (need time for surveys, you can let videos run in the background)
INBOXDOLLARS 7/10 (need time for surveys, you can let videos run in the background)
LUCKTASTIC 6/10 (at least for me the cash prices have been low, although I read about others making $100, maybe I’m not lucky enough, lol)
CREDIT SESAME 10/10 (everything you need to improve your credit score you can find here)
GABI 10/10 (super easy to do and save me over $900 for the year by switching to the new insurance company)
PARIBUS 10/10 (easy set up and you have to do nothing but wait)
CONCLUSIONS
Hopefully, you’ve already put an eye on a
money making technique that you liked. If you are still unsure, start from the
simplest techniques and move up. I recommend you open an account for each type
of approach. They are uncorrelated and that will help you grow faster when the
cycle comes around. Like the Chinese saying goes “the best time to plant a
tree was 20 years ago, the second best time is today”. Today is your day
to plant your tree.
Hope it helps! Leave your comment below.
Remember, it’s all about the road to wealth.
If you liked it, pay it forward. Don’t forget to share it in social media and
help others become successful as well. There is plenty of room for all of us.
In the end, your success will only depend on you and not what others do.
We need
several things to become wealthy. Discipline, hard work, knowledge, drive and
motivation, and to certain extent, Luck. Today we are going to relax at home
and make some money from our phones; and have some fun while we are at it.
What
is more satisfying than buying a scratch-off ticket at the gas station and
winning? Well, playing scratch-off for free on your phone and winning!
You
can play and earn for free with Lucktastic (sorry iphoners, Android only).
Lucktastic is supported by advertising, allowing high payouts and free games. They say instant wins range from $1 to $10,000. Besides cash, there is also tokens that you earn and you can redeem free gift cards from big retailers or enter contests. Daily contests you can win gift cards, free groceries for a month, free gas for a month or become a millionaire with the millionaire contest.
You
can also redeem your cash. Need $10 or above for a check. From $5 to $9.99 you
can get an instant gift card. Or get a visa gift card with $100 or above. Get a
bonus for inviting your friends.
Remember,
it’s all about the road to wealth. If you liked it, pay it forward. Share it in
social media and help others become successful as well. There is plenty of room
for all of us. In the end, your success will only depend on you and not what
others do.
My
friends! We have a simple goal here, and the goal is to become rich, not just
look rich. So, how do we get there? Well, you have to put your money to work
for you. In order to do that, you need to ensure that every single cent that
you receive as income has a job to do.
But
Joey, what does that mean? It means that you have to prepare a plan, follow
that plan and tweak it as necessary. If you still don’t understand or don’t
know how to budget, don’t be ashamed. You are not alone!
What
I learned from wealthy friends is, they know how much they will make, they know
how much has to go towards paying the bills. They also know how much they want
to save and invest. Finally, they know how much they will have for fun. Yes,
when you prepare your budget, ensure to account for some fun and entertainment
too.
Let’s begin with the basics. Before we draw our map, we need to understand what we are doing. We will definitely not learn this on Instagram or Twitter. You have several options. If you know Excel, you can do this a lot quicker than most since the formulas will help you automate the results. If you are not tech-savvy, then you can write it on paper and will probably need a calculator to plug in the numbers and results.
What
is a S.M.A.R.T. budget? It is an
easy acronym that helps you remember what is important when you are planning
and preparing your budget.
Specific – you need to be specific with your financial goal and know what do you want to do with your money. That includes the short term (buying something now) and long term (plans for retirement).
Measurable – as you go, you want to see your progress. That is how you will know if you need to step it up or just keep going with the flow. It will also help you see if you overspent or underspent and where.
Achievable – In order for your budget to be successful, it needs to be achievable. If necessary, you can examine your budget at the end of the month to compare your projected numbers against your actual numbers. Make adjustments as you go and if necessary.
Realistic – you need to be
honest. For example, you plan to spend $20 eating out at your favorite
restaurants but you know you like to order Dominos, take friends or family to Burger
King and pay for them, and end up at the Chinese buffet to end the week. Know
your tendencies and patterns.
Time-oriented – In order to achieve
your financial goals and meet your timeline, you need to break down the big
goals into small steps that will gradually take you to where you want to be.
Now
that you have a better understanding of what a SMART budget is, know that
making your budget is just the first step. You need to keep planning.
Discipline and perseverance will help you sustain it and improve it.
Few
tricks to making a budget that works are:
*
Ensure every penny of your income has a job to do. If you don’t account for
every cent you make and don’t give it a job before you even receive it, that
penny will find a place to land and most likely will not be where you want.
* Do not charge your credit cards more than you can afford. A big problem is that many of us use our credit cards when we already used up all of our cash. But we are wrong. The right way to use a credit card is having the funds available in your account. That way it won’t hurt you when it’s time to pay off your card. A rule you can use is the rule of 7. When you are tempted to buy something, wait 7 days. Then ask yourself again if you still want it. More than likely you won’t.
* Review your budget several times for adjustments. You want to have this budget ready before you get paid. Do not wait until you start paying your bills, or your money will have control over you instead of the other way around. It is essential that you sit down, review your budget and make adjustments. Stay on top of your game. The great MLB hitters are the ones that prepare for the pitcher they will face. They don’t wait until the pitcher is on the mount to ask for a scouting report.
*
Know how much money you have at all times. Staying with the MLB analogy, life
is great at throwing us curve balls. We need to know what we have in order to
prepare for the unexpected things that happen every month.
* Always track your spending. Your rent, car loan, and some other bills rarely change. We know we won’t overspend there. But dining out, buying groceries, buying on vending machines at school or work can throw us off. By the way, get cashback and great offers in groceries with Ibotta. Just register for free and see how much you will save each month.
Without further ado, let’s see how a budget should look like. At the beginning of the month, we use projected numbers but at the end of the month we use actual numbers to know what adjustments are needed.
Let’s
begin with:
Projected income:
All
of your income, paycheck, wages or whatever and add any extra income you make,
like answering surveys online, washing cars, paint houses, cut grass, etc.
Projected Housing
expenses:
Mortgage
/ Rent, Phone, Electricity, Gas, Water and sewer, cable/internet, waste
removal, maintenance or repairs, supplies, other
Savings will vary by individual needs. You can use a percentage of your income. If you choose that option, then do this step first before anything. Another option is to use a specific amount. Option three is taking an amount from what is left after paying all bills.
Projected
entertainment:
Movies,
concerts, sporting events, other.
Projected balance:
This
is what you projected as your income and subtract all the expenses and savings.
Ensure this number is positive. This is the amount that you will have left for
your personal use or whatever you decide to spend it on.
Tools
used to aid with budgeting:
Acorns – automated savings, investing and cashback rewards, rolled into one. Just $1 monthly fee. (full report)
Credit Sesame – raise your credit score and follow their tips. You will be able to get lower rates in future loans, hence pay less and save money. (full report)
Fundrise – easiest way to save and grow your money while becoming a landlord without the hassle. The best part is you can start with only $500. (full report)
Gabi – is a service that will help you find the lowest price you can find for your car insurance. I saved $936 when I switched. And it took me no more than 10 minutes. (full report)
Ibotta – Save on groceries, get offers and rewards every week. Bonuses and cashback. (full report)
Inboxdollars – watch videos, answer surveys, search the web, get paid, transfer to your paypal account. I use it for extra income (full report)
Lucktastic – extra income, scratch digital lottery tickets, join different contests to win free groceries, free gas, or cash. (full report)
Swagbucks – extra income, get paid to watch videos, search the web, answer surveys and much, much more. (full report)
LendingClub – is my number one (#1) choice to save, and grow your money substantially. But, it is restricted to the United States and some states can’t invest either. Cross your fingers your state is in and not out. Also, you will need some money saved to begin. In order to get all the bonuses, you need to begin with $5,000. If you don’t want the bonuses, it is recommended you begin with half of that. (full report)
Paribus – will verify your emails, keep track of the price you paid for items and get your money back when the item’s price drops. Also, can get you compensated when your shipment is late. Everything while you sleep or go about your day. (full report)
Robinhood – my number one platform for trading. Commission-free and simple. Plus get a free stock like Amazon or Coca Cola when you sign up. (full report)
S’more – easy extra income, download to your phone, get paid every morning when you unlock your phone. Get extra points when you watch videos or complete surveys. Redeem prices. (full report)
Sweatcoin – more extra income, download to your phone, get paid to walk outside your house or building. The idea is to give incentives to individuals while helping them to get or stay in shape. (full report)
Truebill – save on monthly bills and stop overpaying for them too. This app will search for refunds and it will also negotiate on your behalf to get better deals. (full report)
Wish.com – Is my favorite site to buy items coming from China, cutting the middle man out of the picture. Cheaper than eBay, Amazon, Walmart, you name it. Use code: PJXXZYH (full report)
I will leave you with a picture so you know what it needs to look like. At the beginning of the month is going to be projected, but ensure that you keep track of your numbers throughout the month and do it again at the end of the month with your actual numbers. That is how you know, what type of adjustments you have to make. Also, modify it as necessary. Everyone’s circumstances are different.
I hope it helps! Leave your comment below.
Remember, it’s all about the road to wealth. If you liked it, pay it forward. Don’t forget to share it on social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.
We
have a few ways to make money here. Also, we like to look good and healthy. But
one simple way we can keep more money on our pockets is by not overpaying on
stuff every month, like our bills. If you are like me, you get them every
month.
Some
of you keep paying because you don’t feel like haggling and arguing with cell
phone or internet providers to lower your monthly bill.
All
of that is no longer an issue. We found an app that will negotiate your bills
for you! Cancel unwanted subscriptions and refund your bank fees.
After
downloading the app, just create an account and link your bank account and/or
credit cards. Turn on the bill negotiation and outage protection features.
There! You got it! Truebill is already searching for potential refunds.
Sometimes
there are outages while you are at work, but you still pay your full monthly
bill. With Truebill, it might get you a refund even when you didn’t know that
an outage had occurred.
Truebill
customers get on average $12 in credits from their cable bills each month,
alone. And it helps customers save more than $700 each year.
If
you have subscriptions that you’ve signed up through the years, and might have
forgot about it, Truebill will remind you of those subscriptions and you can
decide if you want to cancel what you don’t use anymore and reclaim your
monthly budget.
Sign up is free. Using the service is also free, although, there are paid premium services. Paid services are optional, but for some could be worth it.
Remember,
it’s all about the road to wealth. And one way to get there is finding
discounts and not overpaying every month. Put more money in your pocket. If you
liked it, pay it forward. Share it in social media and help others become
successful as well. There is plenty of room for all of us. In the end, your
success will only depend on you and not what others do.
Let’s
save money even when we don’t think we are. If you do a considerable amount of
online shopping, all you have to do, do not delete your emails. Deleting your
emails might be costing you money.
There
is a tool out there that gets you money back when you purchase online. It’s
free to sign up. When you sign up, it will scan your email for any receipts
that you may have. It will monitor if you purchased something from one of its
retailers (Target,
Kohl’s, GAP, Best Buy, Walmart, Amazon and more), it will track the item’s price and it
will get you a refund when the price drops.
Even
better, if your shipment shows up late, it will help you get compensated.
Need
to find a deal last minute? Go to the deals tab and find the recent top drops!
While
you are at it, you can check what else you can be saving on! (wink, wink, more
deals and discounts)
Stop
deleting your emails, stop trying digging up some extra cash and stop worrying
you didn’t find a great deal. Paribus will do it for you even when you are not
looking for it.
Just
shop online like you normally would but don’t delete your email receipt.
Try it first, I assure you that you will like it so much, that you will share the love with your friends on facebook.
Hope
it helps.
Remember,
it’s all about the road to wealth and using tools to help you get money back is
a way to go. If you liked it, pay it forward. Share it in social media and help
others become successful as well. There is plenty of room for all of us. In the
end, your success will only depend on you and not what others do.
ROAD TO WEALTH! 