After I sold my Porsche Boxster, I wanted to replace it with a 2013 Mazda MX-5 Club. However I did not have the money as I spent all of my Porsche money on paying off student loans. Instead, I bought a 2012 Mazda Mazda2 (Yes the U.S. model name is Mazda2) manual transmission with only 32,000 miles for $9,600 out the door. That included taxes, registration and inspection fees. After 5 years and 66,000 miles, I sold the car for…
Micro-Investing Apps, like Micro-Savings Apps, are designed to help you save without you feeling it. All of these apps do charge high fees for investing. They are not the best choices for an avid investor, but may help the beginner investor get started in investing. Here are the top 3 Micro-Investing Apps. 1. Qapital Qapital is an app that offers 8 customizable rules such as the Round Up and Spend Less Features. With the Spend Less feature, it will save…
Saving money can be difficult, especially for those with low-income. Here are some surprising hacks that can help you save money. 1. Open an interest checking account and high-yield savings account. Your bank may already offer these. You just need to apply for them. You should be able to find a high yield savings account at 0.5% or better with a quick online search. Make sure you choose a bank with ZERO fees and ZERO minimum balance. I like to…
Micro-savings apps are designed to help you passively save for a savings goal. Their concept typically involves taking small amounts of money from your checking account in a way that you barely notice. Many of these apps allow you to set savings goals or customize the way you save. Here is a list of the top 5 Micro-Saving Apps. 1. Qapital Qapital is an app that offers customizable goals and rules such as the Round Up and Spend Less Features.…
Velocity Banking uses a line of credit to pay off your ammortized mortgage or student loan. The concept includes borrowing money at simple interest to pay for a loan that charges amortized interest, thus saving you huge amounts of money on your loan. To get a good credit card or get a home equity line of credit, you need a good credit report. What if you don't have credit? You can still follow the velocity banking method to pay your…
Prior to becoming a Door Dash driver, I was a pizza delivery driver for Domino's Pizza. Working with Domino's Pizza, I learned so many tricks to making more deliveries, earning more tips, and making my deliveries more efficient. Combining what I learned with Door Dash, I came up with a solid strategy that earned me an average of $21/hr with some days earning as high as $45/hr. The following are my top 10 Dasher hacks. Schedule your Dash ahead of…
Is $1 million enough to retire these days? You shouldn't retire based on age, but instead should focus on improving your net worth to reach your retirement goal, allowing you to retire as early as your 50's, 40's, or even 30's if you have a good income and start early enough. F.I.R.E. stands for "Financially Independence, Retire Early", but it's not for everyone. Here are 3 steps you need to take to reach the goals of the F.I.R.E. movement. 1.…
For over a decade I used Intuit's Mint app to track my net worth, expenses, and credit score. I was tired of dealing with the sync issues in Mint so I started to look elsewhere. That is when I found NerdWallet. Like Mint, NerdWallet is free and tracks your net worth, expenses, budgets, and credit score. I was able to connect all of my accounts (banking, credit, loans, retirement, and investment) to NerdWallet without any hiccup. Open the app and…
Cryptocurrency is an unregulated and decentralized digital currency that can be used to buy goods and services. Bitcoin, the most popular crypto, has been around since 2018 and has just hit a price of $30,000 for the first time. In fact, the value increased by $5000 in the first few days of 2021. There are many people who think Bitcoin and cryptocurrency is a scam while others invest all of their money in Bitcoin. The truth is you can buy…
Real estate investing is one of the most popular ways to invest your money. Your tenants can give you equity in your property, increase your net worth, pay off your debt, and give you passive income. I saved as much as I can with my first job after college. Half of my income went straight into student loans while the other half went towards savings. My parents provided me with food and shelter. By the time I was 24, I…
