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It’s bad enough to initially depend on just one source of income, but it’s even worse to not invest it or diversify it such that you protect it over time. In other words, there is more than one way to diversify your income.
(1) You can diversify your sources of income so that you have, say, [...]
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Regular readers know I’m a big fan of DRIPs (dividend reinvestment plans) for many reasons (see any of the posts in my sidebar, but especially How To Invest Commission-Free). But recently I’ve be rethinking some of my DRIP strategy. In the past I’ve been 100% reinvested, but the recent economic environment has me getting more [...]
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If it simplifies your life to put your bills and savings on autopayment, wouldn’t it make your life even simpler if you could also put your income on autopayment? I know you probably already receive your paycheck through direct deposit, and in that sense your pay is “automatic,” but what if you could also automate [...]
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First things first; the tax refund is just that – it’s YOUR money being returned BACK to you. It’s not new money. It’s money that ideally you wouldn’t have lent to the government in the first place. Talk to your employer’s accounting department (or whomever handles the tax reporting) about reducing the amount in taxes [...]
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Well, I’ve been thinking about money more often lately. In fact, the last year in particular I’ve really been focused (in part the effect of which is the existence of this blog) on making MORE money and being more effective with it. For better or worse money is the set of “wheels” that move you [...]
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With all the negative news out there about the economy – which you know has fully filtered its way through society when there are regular popular talks about it given by academics at universities – it seems to be a good time to concentrate on what’s been working for me in my portfolio.
I finished up [...]
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