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Tag Archives: making more money

How to Fully Fund an IRA When You Have No Extra Money

saving for retirement

Everyone knows how important it is to save for the future but sadly, about half of families in the U.S. have nothing set aside for retirement. Whether it’s lack of access to an employer sponsored retirement plan, stagnant wages, or the lure of instant gratification that makes paychecks disappear, it’s clear that Americans are not saving enough. No one can make companies offer 401(k) plans, and it isn’t always possible to control what a job pays, but there are other ways to fund retirement, even when you seem to have no extra money. Set up an IRA If you’re job does not offer a retirement plan, it’s very easy to set up an IRA. I personally like Betterment for beginners because you won’t have to choose funds or rebalance, but there are many low cost brokerages that will allow you to open an account with no minimum. For 2016, IRA contribution limits are $5,500 with an extra $1,000 catch up contribution allowed if you are over age 50. A Roth IRA offers no tax benefits upfront, but any money deposited can grow and be withdrawn tax free after age 59 and a half. Singles earning less than $117,000 and married ...

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Making Early Retirement a Possibility

On Monday, we talked about how to never retire early. Now that you know what not to do, I’d like to talk about what can get you out of the daily grind. As I’ve mentioned many times, I used to work crazy hours and drove all over to help the eyeballs of Southwest Colorado. While that might have been good for the eyeballs, it made me want to poke bamboo skewers into mine. I was becoming my worst fear, a burnout. Luckily we made some major changes to our financial lives and careers, and I don’t have to work full time anymore. However, this past week I did have to work five of seven days, and I was beginning to sharpen the skewers. It made me realize that we HAVE to become financially independent so I never have to go back to working full time again. If you are in the same boat and want to “retire” early, here are some ways to accomplish that. Make More Money   Delegate– For years, I made the mistake of trying to do everything by myself. I thought it would save money if I worked harder rather than paying someone else. I could ...

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Beginner’s Guide to Selling Kid’s Clothes on Ebay

selling kids clothes on ebay

Spring is in the air, and we all know what that means. Bird watching, walks in the park, picking flowers, nope, it’s time to make some money! If you have kids, they seem to grow overnight. One day those pants fit just fine, the next thing you know, they have become capris. While, it’s easier to take everything to the thrift store, there is money to be made if you know how. We’ve made hundreds of dollars selling kid’s clothing on Ebay, and you can too. Become an Ebay Seller If you’ve never used Ebay, it’s very easy. While some sellers have stores on Ebay, this post is for the beginner or small time seller. You need to set up some basic information and have a Paypal account. Ebay walks you right through how to list and price items, or you can watch a video on Youtube. If you have a smart phone, there are Ebay apps that make it even more simple. Sell in Lots I’ve found that when selling any clothing items on Ebay, they tend to do better when listed in lots, meaning that you list several items as one purchase. While it might not be worthwhile ...

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