Tag Archives: Budgeting

How to Purchase a Home

Purchasing a home can be an exciting and monumental event in any person’s life, especially for the first time. The anticipation of owning a house and enjoying all of the associated upsides and benefits is understandably exhilarating.

However, in the midst of all the excitement should be a degree of awareness and extensive preparation. Purchasing a home is one of the most costly and time-consuming events in the lives of most individuals. Therefore, mindfulness of the forthcoming advice (and governing oneself accordingly) is extremely important and will reap long-term benefits.

Be Sure to Have Your Ducks in a Row

One of the most common mistakes of aspiring homeowners is their failure to fully prepare before going forward without dotting their Is and crossing their Ts. Bankrate explains that before any individual purchases a home, they should increase their credit score, determine an affordable budget, save a considerable amount of funds must aside, and then be sure to get preapproved for a mortgage.

It’s also important for aspiring homeowners to understand that following the foregoing steps to prepare for homeownership can potentially take years; the duration of time especially depends upon the state of the individual’s financial health. Nevertheless, it is better to wait a few years and then purchase a home (at the right time) than to immediately buy a house without the proper safeguards and become subject to financial hardship. So many people who find themselves in debt due to poor economic choices never get out that hole. Having your ducks in a row will eventually pay off.

Expect the Unexpected

Even after having the right credit score, budget, funds, and mortgage all lined up, expecting the unexpected is still absolutely paramount, affirms CNBC. Purchasing a home often comes with additional, associated fees, such as county tax, state tax, and property tax. Then, there’s maintenance fees, repair costs, and expenses which are linked to furnishing the home. Suffice it to say, all of these matters should be anticipated and prepared for. Similarly to most situations, it’s always better to have the extra money put aside and not need it, than to need extra money and not have it.

Consider the Physical Environment

Another important aspect of purchasing a home is the environment, as noted by Nerd Wallet. No matter how great a house is, the environment always makes a difference. Crime rates and proximity to banks, grocery stores, and other places of business are also very important. Moreover, aspiring homeowners should assess the quality of the neighborhood and other surrounding homes. If all looks great and the funds are there, go for it.

If the physical environment is not up to par, you might be better off continuing your search in other locations. There are always better, more desirable options.

 

Authored by Gabrielle Seunagal

How to Start a Successful Fitness Career

The benefits of physical fitness and exercise are well documented: stronger muscles, brain health, lower risk of cardiovascular diseases, etc. More and more people are signing up for gym memberships, going on walks and runs, and otherwise finding ways to pencil in exercise and physical activity into their daily lives.

However, other people are taking fitness and all of its benefits to the next level; some individuals are so passionate and committed to exercise that they actually want to make careers out of it. This can be done and many have gone on to start and maintain highly successful fitness careers.

Nevertheless, the inevitable questions still remain: What is involved in launching a fitness career? How does someone get started? How do they maintain and grow their business following its inception?

Assess Your Options

Believe it or not, there is more than one way to bring a fitness career into being, as explained by Precision Nutrition. One option is to pursue a university degree and study anatomy, exercise physiology, and biochemistry. While some people may see going back to school as a lucrative investment in a forthcoming, fruitful career, this particular route can have some unanticipated downsides.

A traditional education will allow the aspiring fitness aficionado to study the aforementioned subjects, but they won’t learn much about the business aspect of a fitness career or change psychology. Moreover, a university degree can take anywhere between 2-6 years to earn; the associated financial costs alone can also be enough to put someone in considerable debt. Starting off a business in the metaphorical hole is never the most advisable idea.

Thankfully, a formal education is not the only path to a successful fitness career. The alternative option is to become officially certified as a personal trainer. This can be accomplished at a much faster rate than acquiring a university degree and moreover, it provides the individual with the opportunity to learn physiology and anatomy at a speedier and much less expensive rate. While learning about the business aspect of a fitness career is still missing from this path, the aspiring fitness aficionado can learn business tips from a mentor and/or from observing and working with someone who currently enjoys and maintains a successful fitness career.

Slow and Steady Wins the Race

As the old saying affirms, you have to crawl before you can soar. This is especially applicable regarding the creation of a successful fitness career. American Council on Exercise explains that even after someone has earned the necessary credentials needed for their chosen profession, it will take time before they’re world-renowned success stories earning six and seven figures on an annual basis.

In the very beginning, brand new trainers may start off with a few select clients. However, new fitness aficionados will find that those few select clients will comprise the foundation which allows them to launch their careers. Marketing and self-promotion via social media, online websites, advertisements, etc will also prove valuable to people who are working on their fitness careers!

Never give up and never stop working to take your fitness career to the stratosphere!

 

Authored by Gabrielle Seunagal

How to Get Paid to Travel

Virtually everyone enjoys traveling and would love to take advantage of opportunities to do so. However, one of the biggest barriers to fulfilling this desire is money, or lack thereof. Many individuals do not have the funds to travel ongoingly and simultaneously cover the subsequent fees such as airfare, lodging accommodations, etc, while still paying for their monthly bills at home, such as rent, utilities, etc.

What if that weren’t an issue though? What if people who enjoy traveling and seeing the world could regularly make the most of this experience and moreover get paid to do so? While this may sound too good to be true to certain individuals, it’s important to be aware that the opportunity is out there. Ultimately, it’s all a matter of knowing how to go about making it all happen.

Consider Joining the Peace Corps

Not only is Peace Corps an amazing opportunity to volunteer and connect with other human beings, but it’s also a potentially ideal experience for anyone who enjoys traveling. Generally, individuals who join this organization work with various people around the globe; the work may center around (or relate to) agriculture, health, business, community development, education, etc, as explained by High Existence.

In return for the services of the volunteers, they are gifted with stipends, healthcare benefits, lodging, student loan aid, and other valuable benefits. Peace Corps not only permits people to travel, but allows them to travel with purpose, thus being a part of something bigger than themselves.

Start a Travel-Based Blog

Starting an online blog which revolves around traveling is another excellent way in which people can (and have) be(en) paid to travel. According to Adventure In You, if a blogger has a sizeable audience, brands will pay a pretty penny to be promoted, advertised, and otherwise featured in the blogger’s content. Now while getting paid thousands of dollars per month to blog, travel, and promote brands sounds amazing, there is usually some extensive groundwork in the initial phases of this professional venture.

Promoting the blog, garnering a consistent, sizeable readership, and producing SEO-friendly content are all paramount steps for starting any successful and profitable blog.

A Final Word

While being paid to travel is a possible and viable option, it is important to know that virtually every route which enables this opportunity is going to require invested time and energy at one point or another. There are no get-rich-quick schemes and nothing in life is free; the bill always comes due in one form or the other.

Moreover, having a job which permits frequent travel is also very helpful for those who are interested. Joining the Peace Corps or starting an online travel blog may not be for everyone. Nevertheless, in this day and age, there is still an abundance of opportunities for those who know when and where to go looking.

As the world of work changes, more and more people are becoming independent contractors within the freelance market and gig economy. This type of business is especially suitable and agreeable for travelers; many freelancers and gig economy workers cite autonomy as one of the main perks of non-traditional work. Furthermore, a vast amount of gigs and freelance jobs can be done remotely on a laptop, from virtually anywhere in the world with Wi-Fi.

Good luck and happy traveling!!!

 

Authored by Gabrielle Seunagal

How to Advance Your Career

The ability to advance one’s career is a critically paramount factor of success. However, depending on an individual’s given occupation, furthering their career is often easier said than executed. This is largely attributed to the fact that the nature of different careers maintain considerable variations; moreover, each person has certain responsibilities, brands, and tasks which contribute to their current occupations.

Despite the various differentiating factors of careers, there are still some overall tips and strategies which virtually all working individuals can apply for the sake of professional advancements. Therefore, continue reading to learn how you can take your career to the next level…starting today!!

Always Seek Out New Opportunities

Sometimes opportunities naturally and effortlessly come to people; in other cases, people must actively and aggressively seek out opportunities. Both principles are especially applicable in business. The Muse explains that networking with other people, communicating with colleagues, and taking initiative during times of crisis can be some of the best ways for working individuals to seize opportunities and advance their careers.

Connect with a Mentor

Connecting with a mentor or professional role model can be another excellent way for ambitious people to advance their careers. The Balance affirms that coming into contact with the right mentor can help workers avoid mistakes within their professions and learn how the mentor reached their current position within the given business.

Take Your Career into Your Own Hands

Sometimes people have to take matters into their own hands for the sake of advancing their careers. In certain situations, this might take place in the form of moving across the country for the sake of a new opportunity, taking an applicable class, or even switching from one career to the other; it all depends.

However, when going to considerable heights for the sake of career advancements, people should beware of the cynics and critics. Make individuals have been conditioned to do what’s safe or otherwise comfortable. Unfortunately, this mindset often holds people back from success and truly reaching their full potential. Do not become discouraged or otherwise fearful of reasonable, calculated risks.

Be Sure that Your Skills are Up to Date

In this day and age, updated skills are especially paramount, particularly in the professional world. Sometimes, the best way to advance a career is via the most simplistic means. The right qualifications and business skills can attract opportunities and open up doors which would otherwise remain closed. Sometimes, connecting with mentors can also help ambitious people make professional advancements and take advantage of valuable and available opportunities.

A Final Word

There are a variety of ways in which people can go about advancing their careers. New opportunities, connecting with mentors, and sometimes taking matters into one’s own hands are some of the best ways for aspirational individuals to advance themselves in the world of business.

In this day and age, we are so fortunate to be living in a time where the internet provides so many opportunities to learn and grow in virtually any given field. With self-application, preparation, and consistency, people can create the life and careers of their dreams.

Authored by Gabrielle Renee Seunagal

How to Earn Passive Income

Virtually everyone has heard of passive income at one point or another. In essence, passive income is defined by Wikipedia as “income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.”

In most cases, this passive income requires a degree of work in the initial phases before the ongoing payoffs. Many people would love to experience this type of revenue, but are unaware of how to lay the groundwork for it. Moreover, passive income is one of the critical components which well-off individuals use to earn and (especially) maintain their wealth.

Going forth are some particularly useful ways in which the average person can earn passive income, thus enriching themselves and increasing their net worth.

Get Serious about Investing

While there are a variety of passive income earning methods, investing is one of the best. According to The Motley Fool, stock dividends, real estate investment trust (REIT) dividends, rentals, and more can be great avenues for passive income. This is because each of these avenues come with ongoing income streams which continue long after the initial payment or purchase.

However, with rentals, there is a degree of work which has to be done. For instance, the property may need to be maintained, cleaned, and otherwise inspected from time to time. Picking the right tenants also makes a difference as well; the ideal tenants will take care of the property they’re renting and pay their monthly rent on time.

Start an Online Blog or YouTube Channel

Not everyone has the big bucks to invest in real estate or stocks. However, these are not the only ways to generate passive income. Online blogs and YouTube channels can be excellent avenues for earning revenue and moreover, they don’t require hundreds or thousands of dollars upfront. However, both online blogs and YouTube channels do require a degree of time before the passive income reaches hefty amounts.

Blogging through WordPress allows writers to put ads via Google AdSense on their page. When readers click on the ads, the blogger earns income. The only catch is the number of readers which view the blog. Ideally, the writer should have a sizeable viewership. The more people who view their blog, the more opportunities to earn passive income.

A similar principle applies to YouTube channels. Starting this year, YouTube mandated certain benchmarks which must be met in order for content creators to monetize their channels. However, after building up a sizeable following base, an online blog and/or YouTube channel can be quite profitable and become a lucrative stream of passive income.

A Final Word

One of the most important things to remember about passive income is that an initial investment is usually required in the beginning prior to the accumulation of ongoing revenue; that investment usually comes in the form of time or money. However, there are a variety of opportunities regarding earning passive income.

Different paths work for different people. For specific advice tailored to one’s own personal needs, consulting a financial advisor is recommended.

 

Authored by Gabrielle Seunagal