Continue reading “BUDGETING WORKBOOK: A MUST HAVE TO TRACK AND ORGANIZE IN ONE PLACE YOUR FINANCES. AT YOUR FINGERTIP WHERE YOU BEEN, WHERE YOU AT AND MOST ALL WHERE YOU GOING. BUILD YOUR DISPOSAL INCOME AND ENJOY”
Starting a business for the purpose of passive or residual income
The motive behind starting a business is often to make money that will be enough to cater for one’s needs. Earning large enough income will give you the opportunity to accomplish and live the type life you desire.ADDITIONAL INCOME = EARLY RETIREMENT
But most people don’t have the ability to live life on their own terms because they are either a slave to their debts or cannot break away from living on pay check. But this problem can be solved by the many benefits of residual or passive income.
One of the best ways to gain financial freedom is by setting up a business with residual income opportunity. There are many businesses both online and offline that one can set up to generate residual income.PAYING OFF CREDIT CARD DEBTS
Residual income by definition is the income one generated long after the work has been completed. It is the type of income that one continues to generate for as long as the business lives. Residual income also known as passive income has no limitations based on time.
Starting a business with residual income opportunity will enable you live life in your terms. You will continue to earn money whether you are there working or not. The amount of money you can make does not stop whether you get out of bed or not.HEALTH AND WELLNESS BUSINESS OF YOUR OWN
In addition, it is possible to have different streams of residual income. Unlike having two jobs that will consume your time, multiple streams of residual income will increase your earnings while also giving you enough free time. Residual income gives you a more lucrative alternative to finding a side hustle that will stress you and consume your precious time.
To kick start your dream of financial freedom, here some of the residual business opportunities that you can venture into.AWSOME FASHIONS
Invest in real estate
Rest estate is one of the most lucrative means of generating passive income. Apart from being lucrative, it give you rest of mind and requires little or no work.
This involves promoting other people’s product online of which you get a commission once it leads to sale. Affiliate marketing can be done by marketing people’s product on your website. It can also be done by promoting them on social media platforms.
Affiliate marketing is a great way of making money online. You can make up to six figures every month from the comfort of your home. And remember, you do this at your time and pace.
Write an EBook
Selling a book online can be another great way of generating residual income. After the initial work of writing and creating the book, the only thing left is to make your money on every sale. You don’t need much capital to produce an EBook, no printing and shipping costs.
Other residual income business opportunities that you engage in include:
• Create lead generation website
• Start a drop shipping business
• Create a mobile app
• Invest in vending machines
• Rent out your spare room
And the list is endless. Continue reading “MOTIVE BEHIND STARTING A BUSINESS — FINANCIAL FREEDOM — HAVE YOU THOUGHT ABOUT STARTING A BUSINESS???”
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with financial need, who have not earned their first bachelor’s degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. The Pell Grant is named after Democratic U.S. Senator Claiborne Pell of Rhode Island, and was originally known as the Basic Educational Opportunity Grant. A Pell Grant is generally considered the foundation of a student’s financial aid package, to which other forms of aid are added. The Federal Pell Grant program is administered by the United States Department of Education, which determines the student’s financial need and through it, the student’s Pell eligibility. The U.S. Department of Education uses a standard formula to evaluate financial information reported on the Free Application for Federal Student Aid (FAFSA) for determining the student’s expected family contribution (EFC).
Pell Grants were created by the Higher Education Act of 1965. These federal funded grants are not like loans, and need not be repaid. Students may use their grants at any one of approximately 5,400 participating postsecondary institutions. These federally funded grants help about 5.4 million full-time and part-time college and vocational school students nationally. As of 2016, six of the top ten colleges (by total Pell Grant money awarded) were for-profit (proprietary) institutions. Continue reading “PELL GRANT PAY FOR COLLEGE”
Inflation hurt senior citizens on fix income, unemployed, low income families and first time home buyers.
As prices goes up, more income is needed just to keep up. This is one solutionKEEPING UP WITH INFLATION 3% pay raises which is often called cost of living adjustment want keep up with inflation. So additional income is one solution.
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From Wikipedia, the free encyclopedia
This article is about a rise in the general price level. For the expansion of the early universe, see Inflation (cosmology). For other uses, see Inflation (disambiguation).
In economics, inflation is a sustained increase in the price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation (negative inflation rate).
Inflation affects economies in various positive and negative ways. The negative effects of inflation include an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savings, and if inflation were rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future. Positive effects include reducing unemployment due to nominal wage rigidity. Continue reading “INFLATION— THE SILENT DISPOSAL INCOME LOST”