Tag: #millennialmoney
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‘Creating an online business can change your life’: How to make money teaching cooking, and baking, from 3 women who bring in six figures
KEY POINTS E-learning, or tech-based education like courses taken online, is a growing industry. In the year 2020 alone, the global e-learning market was estimated at $250 billion, according to market intelligence platform ReportLinker, and is projected to reach $457 billion by 2026. If you’re considering offering some online courses, you have may more options than you…
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This supersaver couple paid off $102,000 in debt in 3 years, and are on track to be ‘work-optional.’ Here’s how they did it
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Much of what defines success in personal finance comes down to turning little numbers into big numbers and vice versa. In 2019, Josh and Ali, known at the “FI Couple” (short for “financial independence”), were staring down a very big number: $102,000 worth of student debt and car loans. Three years later, in an effort…
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3 entrepreneurs share how to make money from your side hustle, including building multiple revenue streams
When Annalisa Abell created an Instagram Live series in early 2020 to highlight founders and career advice, she didn’t know it would lead her to start a new business. Soon after Abell launched “Financial Flex,” a fan contacted Abell and proposed she join her employer as a virtual administrative assistant. By September 2020, Abell had turned the…
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My side-hustle-turned-day-job grew 267% in 2 years, and brought in $625,000 in 2021: Here’s how I avoid burnout
KEY POINTS In 2020, I nearly tripled my business revenue in one year. As the founder and owner of an online business coaching practice for entrepreneurs, I found I had the skills I needed to adapt to a world that was increasingly using digital platforms to stay connected during the pandemic. Somehow, while raising my kids,…
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8 Components of a Good Financial Plan
Those with a financial plan are more likely than those without one to pay their bills on time and save each month. So, what does a good financial plan look like? While there are many ways to go about developing a plan—do it yourself, use a robo-advisor, work with a financial planner, or a combination…
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I think buying a house now is a good investment but my partner thinks the market will crash. How do we decide?
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My partner is our family breadwinner. We live in the Bay Area where housing prices are astronomically high. We have two young kids, are upper-middle class, and are doing just fine. After years of making no money as a writer, I finally got a book deal and will be bringing in an additional $85,000 over…
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5 Most Common Money Traps to Avoid
For many of us, managing our personal finances can be about as fun as doing our taxes. But just like software can make the tax process easier, there are specific things you can do to make money management as painless as possible. Below are five common money missteps and what you can do to get…
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How this high school dropout went from $100K in debt to bringing in $18M selling stuff on Amazon
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Nerf guns saved Larry Lubarsky’s life. Well, not just Nerf guns. But also lozenges, shampoo and cookies and the thousands of items he sells on Amazon as a third-party seller.null Seven years ago, Larry Lubarsky was a 31-year-old high school dropout who had no money saved and was $100,000 in debt. Today, he’s 38 and…
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3 side hustles for early birds: Some pay over $100 per hour
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People feel most alert at different times throughout the day. Some have late afternoon spurts of energy, others prefer to work throughout the night, and still more get their peak energy first thing in the morning. In fact, 13% of people identify as early birds, according to a 2020 survey published in the journal Personality and Individual Differences. Here…
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This 27-year-old went from making $45,000 a year to bringing in over $350,000 with her online business
Three years ago, Maya Portorreal made $45,000 per year working in retail. Last year, she brought in more than $350,000 in sales from her online jewelry business, which she launched as a side hustle in 2019. And it’s partially thanks to her sensitive skin. As a retail assistant for luxury apparel brand Pierre Hardy in…