Passive Income

Investing Basics

What is investing?
Investing involves committing your money for the long term with the expectation of receiving more money in return. It’s how you build lasting wealth. But don’t think you’re limited to socking your money away in stocks. Investments can be both active (in which you have hands-on control) and passive (in which you sit back and relax while your money grows).
How can I start investing?
There are countless ways to start investing. Robo advisors, such as Wealthfront and Betterment, offer a simple and inexpensive way to grow your money without worrying about individual stocks. On the other hand, if you’d like to DIY, you can sign up for an online stockbroker. Although there are many ways to get started, the important thing is that you begin now.
What is a stock?
A stock is an investment that represents a share of a company. So if you buy a share in Netflix, you actually own a little piece of Netflix! Investors buy stocks hoping that they’ll go up in value, at which point they’ll sell them for a profit. Stocks are bought and sold on an exchange such as the New York Stock Exchange. We sometimes call these exchanges the “stock market.”
What should I invest in?
Maybe the best piece of investment advice came from a famous and successful investor named Peter Lynch. He said, “Invest in what you know.” That means you should invest only in the companies whose businesses you understand and are familiar with. But don’t think you’re limited to stocks. You can safely make money from investment bonds, real estate, and even interest-paying savings accounts. There’s no one investment that’s best for everyone, so make sure you research all of your options.

Investing in Stocks

December 03, 2018
A Quick Guide for New Investors: Stock Market Tips You Will Love to Use

Logan Allec, CPA
One of the most lucrative but difficult to understand ways of making serious money…
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October 01, 2019
Webull Review: Free Trades From a Robinhood Competitor

Logan Allec, CPA
Webull isn’t your grandfather’s broker — for one thing, it’s commission free. It also offers…
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January 16, 2020
M1 Finance Review: A Platform That Offers Customizable, Automated Investments With No Fees

Logan Allec, CPA
Today I’m reviewing the M1 Finance investing platform, which you can use on desktop…
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Investing in Real Estate

February 21, 2019
How to Start a Rental Property Business: 11 Easy Tips for Beginners

Logan Allec, CPA
Are you looking for advice on how to start a rental property business? Congratulations…
Real Estate

January 9, 2020
The Top Real Estate Investing Apps and Tools to Use in 2021

Logan Allec, CPA
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January 16, 2020
Fundrise Review

Logan Allec, CPA
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Cash Back

March 18, 2020
8 Best Cash Back Credit Cards

Logan Allec, CPA
It’s a question as old as rewards credit cards: should I get a travel…
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April 07, 2020
Rakuten Review: This Ebates Update Is Still Tops for Cash Back

Alex McOmie
Ebates, one of the best-known cash back sites, was acquired by Rakuten in 2014….
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December 30, 2020
Shopkick Review 2021: Is Shopkick Legit or a Scam?

Alex McOmie
Lots of apps reward you for making purchases, but Shopkick, one of the top…
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Other Passive Income Ideas

September 2, 2019
Neighbor Storage Review: Legit Airbnb for Storage or Logistical Nightmare?

Logan Allec, CPA
Do you have extra room in your garage or basement and want to earn…
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January 16, 2020
AcreTrader Review 2021: Invest in Farmland With Crowdfunding

Katherine Peach
Farmland is a tried-and-true investment that has minted millionaires over the centuries. And there’s…
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January 31, 2020
Masterworks Review 2021: Should You Invest in Art?

Katherine Peach
When we think of alternative investments, we usually think of gold, hedge funds, or…
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