General Personal Finance Blog

12 Ways to Make Money While at Home During the Coronavirus

March 25, 2020 By Josh @ Money Life Wax Leave a Comment

Whether you believe the hysteria surrounding the Coronavirus pandemic or not, one thing is sure: The Coronavirus is impacting countless households when it comes to finances. Find ways to make money at home during this crisis can help alleviate some of that impact.

Those who are brave enough to check the status of their 401(k) accounts have seen steady drops. Investors are scrambling. Events are canceled for the foreseeable future. However, the people hit hardest might be the people who face lay-offs and job uncertainty; the people who work in the everyday sectors.

Shops, restaurants, small businesses, and just about everything else are closing their doors in the wake of the COVID-19 pandemic. That has left many wondering, “How am I going to make money during the Coronavirus?”

We might not have all the answers, but we decided to ask financial bloggers, work from home business owners, and everyday people what are some of the best ways to make money during the Coronavirus, and here is what they had to offer.

This post was written in partnership with Josh Hastings from Money Life Wax and The Money Mix.

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Personal Finance Made Easy Facebook Group

March 23, 2020 By Kevin | Just Start Investing Leave a Comment

Just Start Investing is launching a Facebook Group: Personal Finance Made Easy.

Join the Group

We’re super excited to build this group, and a community, for our readers. The ultimate goal of our new group will be to provide simple and easy-to-follow answers to whatever personal finance questions people may have.

In fact, we’re so excited that we’re giving away two copies of our favorite investing book of all time to kick things off!

You can enter for your chance to win a copy of The Little Book of Common Sense Investing by John Bogle using the sign-up below.

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Rich vs Wealthy: Why Being Wealthy is More Important

March 22, 2020 By Kevin | Just Start Investing Leave a Comment

Most people wouldn’t question the difference between being rich vs wealthy.

But, they are different.

Saying that being rich and wealthy are the same is like saying a credit card and debit card are the same, or that there is no difference between an index fund and mutual fund.

They’re similar to each other, but they have distinct differences that are important to understand.

Credit cards reward you for making purchases with points, cash back, and other perks. Debit cards do not.

Index funds allow you to invest in diversified portfolios for a very low cost. Mutual funds usually charge high fees.

Being rich involves…

…well, let’s just dive into it:

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Liquid Net Worth: What it is and How to Calculate Yours

March 8, 2020 By Kevin | Just Start Investing 2 Comments

Everyone seems to love the gossip surrounding the net worth of celebrities, business people, and athletes. Though, there is a difference between regular net worth and the lesser-known liquid net worth, which is what we’ll get into today.

Jeff Bezos is worth about $116 billion right now in terms of net worth, but does that mean he could go out and purchase 116 billion dollars worth of mansions, yachts, jets, and whatever else rich people buy?

No.

While his net worth is $116 billion, his liquid net worth is a much smaller number.

Calculating liquid net worth is complicated for Jeff because of the huge amount of Amazon stock in his portfolio. This stock gives him a high net worth, but since it is challenging to sell such a large chunk of stock at one time, his liquid net worth suffers (poor Jeff…).

For the rest of us non-billionaires, it’s a little more straightforward, and a very important personal finance metric to understand.

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How to Make Money Blogging: My Best Tip

March 5, 2020 By Kevin | Just Start Investing

Blogging is often pitched to people as a get-rich-quick type of business.

Just find your niche, set up a WordPress blog, and before you know you’ll be sailing the world, or surfing the web on the beach, or traveling to exotic locations! While this all sounds great, it’s not part of life for the average blogger.

The average blogger spends most of their day writing content, building an audience, and trying to make money.

Would I love to sail the world while working on a money-making blog worth hundreds of thousands of dollars? Of course.

But for most, it takes countless hours of hard work and dedication even to make a couple of bucks blogging, let alone enough money to buy a boat (unless you want to be a HENRY)!

Actually, it takes more than just hard work and dedication to earn money online as a blogger. You also have to know how to make money blogging.

Earning money with your blog is not easy, but it is possible.

There are a lot of different ways to start making money as a blogger (which we’ll get into), but I’m also going to share one awesome tip to help you monetize quickly and easily.

That one awesome tip: joining a blogging group.

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