Fiscally Sound

Now, that’s not a retirement, but many people spend far more than that in a lifetime on the lottery and many of these same people do not have $10,000 sitting in the bank. How you spend your $25,000 per year salary is how you will spend $500,000 per year. You could simply invest this money in a whole life insurance policy to make sure that you and your family has long term savings and that you will leave a financial legacy to your family. I might have won $5 off of the $104 that I spend ($2 per week plan), so

He had a couple call in saying that they paid off about $150,000 in debts in 2 years including their house. I don’t recall what their budget was, but that alone would normally not give a couple the ability to pay off $75,000 per year in debts. Base on their commitment, the husband took on a second job (near full time) and put all of that money towards knocking out their debts. Additionally (and this is where the real commitment part comes in) they did not go out to happy hours with friends or eat lavish meals out, but rather ate staples such as “rice and beans” for meals.

A great way to start is by picking up expired domains in the $20 range and resell them for $100 – $200 so that you start to see sales because it can take a long time for domains to sell if you are holding out for top dollar. I also don’t recommend buying non dot com domain names, not because they don’t sell, but because I only recommend that someone who fully understands the domain market invest in non dot com domain names. If you can consistently sell domains for $200 to $400 that you acquire for $20 or less, that’s a pretty solid ROI for a side hustle. You could invest $400 to acquire 20 domain names and take the long road to learn how to buy and sell domain names, or you can invest $399 for an annual subscription at DN Academy.

Many lenders, landlords, and service providers are offering help in terms of payment forgiveness, BUT they won’t know that you need it unless you ask. There is a website to check the status of your stimulus check AND provide your direct deposit information so you can receive it faster via direct deposit. It took at least a week before my info showed up, but I was able to update the direct deposit info just two days ago, so I expect to see the money by next week. Having savings will allow you to stress less in times like these, but if you don’t have savings, don’t let that cause any undue stress.