Personal Finance Archives

Side Hustle During the Holidays For Extra Money

Hello readers I want to share with you a tactic you can implement this year to help you make some extra money in 2018 and beyond. These tactics can be used during the holidays only, as there is a ton of ways to make extra money. The only real way you can make this work is if you save most of your vacation days throughout the year, to be used in the last two weeks in December. The reason to do this is to make extra money, while still getting paid from your regular employer. The only difference is you will not be sitting on the couch watching TV, but you will be out there hustling to make at least 2-4 thousand dollars in 2 weeks. That’s why you should find a Side Hustle During the Holidays For Extra Money.

Depending how much energy you have you can really actually make this much extra money. The purpose for the extra money is for you to get some traction with debt, emergency fund money, avoid living paycheck to paycheck, and maybe adding some vacation fund money. The point is to, Make Money, not make it rain on Amazon wish lists. The consumption during the holidays is staggering, and guess what if you’re working you will not be consuming. I have found that I spend more on days off, than on days when I’m working. So work while still young and able, and get a head of all these crazy money goals you should complete today.

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Give Back Story

What’s going on my friends today we will discuss charities and why I find it important to give back? So I usually give to charities every year because giving makes me happy and so far this year I’ve given the most ever. I hope that the amounts donated have made an impact on those organizations and the people they support. That truly is what charity should be meant for, to make a difference in the lives of others. Keep reading below to find out why my give back story changed this year for the better.

On a random weekday morning I get an email for J. Money over at Budgets are sexy and he goes on to say that he is looking for a group of 20 bloggers who will help spread joy and cheer by donating 100 dollars to cause important to them. I immediately jumped on it because it is the season of giving and since it rings true with my beliefs. I come from a middle class family and my parents encouraged giving back to those less fortunate, because it was the right way to live.

So the task began to find 3 organizations that we can help with their cause this holiday season. After thinking it over for a few days, something clicked and I thought why not support 3 organizations that are present in my life right now and that I have never been a contributor before. The 3 organizations I picked were the Les Turner ALS Foundation, The make a wish organization, and last but not least the Havasole organization. The reason why these 3 entities were chosen is because each one has a special meaning in my life right now.

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Forget the Side Hustle

What’s going on my friends? Today we have a great topic on the blog, and it is to renounce the side hustle mentality. Why would I, a personal finance junky tell you to forget the side hustle? Because 1- it is a bit overrated, and 2- because you really do not need it if you focus on the personal finance basics from an early age.

Let me explain a bit more before some of you go crazy in the comments below. The side hustle is only needed if you are in need of cash to cover you for a variety of financial stresses. Like paying off debt, saving for a down payment, or to finally build up an emergency fund. Obviously the side hustle is important if you are facing a scenario I just mentioned, but keep in mind it will take away from much needed free time.

Life is a balance and if you work 40 hours a week at the full time job and then clock in another 20 hours per week at the side hustle it will diminish all the fun things you can be doing to live life. Granted if you are a single person and have gobs of free time then by all means go at it and hustle your heart away. Keep reading below to fully understand the meaning of forget the side hustle.

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The 3 Rules of Money Management

Stop Spending 100% Income

Do you know a high number of people spend over a 100% of income. They do not have margin in life. They continue to spend on unnecessary things. They continue to spend in order to find happiness. It is the 1 number rule in the area of money management. Hey stop the crying and stop the spending in order to find surplus funds. The choice to funnel 20% of pay from the very first paycheck will allow you the margin you need to not abuse personal finance. Obviously if in Debt you might not be able to funnel 20%, and thus should be directed towards debt.

Avoid Paying Interest for Debt as it’s a black hole

Paying interest on money you don’t own is the ultimate trap. Pretending to be OK financially, while borrowing on debt to fund a lifestyle is never good. Be creative to find ways to pay it back or to avoid it at all costs. Debt is never the answer and those who tell you it is, are stuck in debt themselves. They want company and you should immediately stop listening to that advice. I’ve been in and out of debt and I’ll be honest being in debt is stressful, and those times when out of debt felt great. Avoid giving free money away and tell the banks to keep their expensive loans.

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Does Buying Luxury Brand Products Enslave you to Them?

Do not Over Pay for Brands

Hey what’s going on my great readers. Today we will analyze something people will most likely give you a cross eyed stare if you bring up this topic. It is something many are too scared to bring up due to peer pressure. But I am up for the challenge, because I feel this topic is right up my alley with owning this PF blog. Let’s contemplate the title a bit and see why certain people want to be enslaved to luxury brands. Does Buying Luxury Brand Products Enslave you to Them? I truly believe so because the mark up is so ridiculous for no apparent reason except that it has the name or logo on the product.

Even Kanye West once said it in a song called New Slaves on the Yeezus album. He is the king of contradiction with his music / message and then does the opposite when it comes to selling his own line of products. He says people buy all the same thing, but its all peachy if they buy his $200 dollar sweater with holes in them. He gets on people for buying competing luxury brands, and his clothing pieces are extremely high in price just like the luxury brands.

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How to Stop Financial Pride

Financial pride is a thing and it can be a long stressful life if you can’t take pride out of finances. Nobody wants to be guided with how they manage money, but if that were the case, then all the bad decisions people made financially would’ve never occurred. That gut check you sense when you’re about to make a sizable expense is the exact warning, to help you reconsider such a devastating financial event. If you find it OK to take multiple vacations a year because you think you can afford it, while you continue to live life paycheck to paycheck that’s a perfect example of non positive financial pride. Financial pride (negative meaning) can be a simple mindset to fix, steering you to make unwarranted financial decisions that are not financially optimal. How to stop financial pride is simple and you will see the answer below.

For example I almost purchased a used car for 4 grand just to drive it on the weekends. Rationality went out the door because I wanted a new shiny toy, but after thinking it through, I decided I needed to fix a few projects around the house first. What if we could just take a moment to decide whether a purchase makes sense in our lives? Would everyone avoid spending and live a so called miserable life from those who relate spending and happiness?

Why is it that people who spend a lot, think people who don’t spend a lot, live unfulfilled? The first step to getting around how to stop financial pride is to not believe money & spending equates to happiness. If you’re happy you live happy, and spending 60K on a new Lexus shouldn’t define that happiness. Or maybe by taking 3 vacations per year, you think it can possibly shoot your happiness gauge up a few notches. The experiences coupled with memories should make you feel better for sure, but if it means you just added debt to have fun, then that is counter to happiness.

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Wearing Yeezy Sneakers is not Financially Smart

Wearing Yeezy Sneakers is Not Financially Smart

The hype is real and its been real for the last 3 years.

So where can you make triple the value of money on cost besides the stock market? Practically nowhere and today we have an example of a product that gets used daily by hype beast people. The product I want to discuss is the Adidas Yeezy sneaker. I have to be honest at first I was not a big fan of the shoes as they looked a bit like moon sneakers. But after seeing them for a few years now I can actually say they are not too bad, but I still will never wear a pair. Why must you ask, because I understand the value of a dollar? This is why Wearing Yeezy Sneakers is not Financially Smart.

If you can compound your money to the tune of 3 times the retail value in a matter of a few hours it confuses me to think why not try to sell it and make a killing.

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Why I Want Financial Freedom

What’s going on my peeps? I want to talk a bit about my favorite topic financial freedom. I want to discuss this because its way more enjoyable than talking about debt. Why I want financial freedom is very simple, because we as humans were truly meant to be free. Once you feel the tug of this FI desire, you will understand. If it hasn’t hit you yet, be ready cause it will one day.

Do you fully grasp that this system is set up to trap us from a very young age. From school years and quickly transition to work yeara till age 67 plus.

My mom had the same desire to be free as she retired at age 39 and lived how she wanted for the next 10 years or so of her life. She started a few businesses and just hustled while enjoying life. Eventually she went back to work but only because she wanted to pass the time I believe after becoming an empty nester.

Even the super rich are trapped in this unfavorable cycle of being beholden to others. The rich CEO reports to the board, Warren Buffet has shareholders and his own obsessiveness of growing his business, politicians are controlled by other more powerful people or political parties who pull the strings, the movie star is at the mercy of recording studio heads, the doctor is bound to his patients or to the director of doctors. I can keep going if you would like, but you get the gist of it.

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