Category: Property

Multiple Income Streams | Why You Should Have More Than One Income Stream

by Effortless Beauty™, posted in Actively Trading, Agency, App, Barter, Bible, Binary Options, Bitcoin, Broker, Cryptocurrency, Currency, Day Trading, Digital, Digital Currency, Finance, Finances, Financial Wealth Management, Forex, Gain, Goals, Gold, Income, Increase, Invest, Investing, Investment, Investor, Life Insurance, Maximize, Money, Money Management, Multiplication, Personal Finance, Portfolio, Principle, Property, Real Estate, Real Estate Investing, Seed, Seedtime, Seedtime And Harvest, Share, Shares, Silver, Single Goals, Sow, Stock, Stock Market, Trading, Travel, Wealth, Wealth Management, Wisdom

A Job Is Just One Income Stream

A job is just “one” source of income. If it ends or you are not able to work it. It ends. This means that if your income source is gone, you have no money coming in or the ability to make income unless you get another job immediately. A job is not permanent. It is not guaranteed. It has limitations. You can only work when the employer says you can, you can only make what the employer allows, you can can only be paid what the employer offers. And in some states, employment is at will. This means that the employer or the employee can end the relationship at any time. A job is an active source of income. If your employer does things right, you are paid on a certain date, for the time you worked. You are paid wages for the “active time” you spent or put in working the job. Once you stop, that’s it.

Multiple Streams Of Income

Multiple streams of income are just that. Multiple. More than one.

Income is coming in or the ability to make income is present from multiple sources. It is having more than having a job. It is not dependent upon your initial job. It is other income streams that you have set up for income, to receive income. For multiple streams of income to flow.

Why Should You Have More Than One Stream Of Income?

Multiple streams of income guarantee income or the possibility of income. You are not dependent on a job or an employer. If you should lose your job, you have other streams set up to make income or obtain income. It increases your net worth. It increases your personal finances.

Types of Income Streams

Passive, Residual, Stocks, Real Estate, Businesses, Products, Trading, Blogs and more. These assets allow your money to work for you without you having to physically work. The initial set up and maintenance of these assets is all that is needed. In some instances, you can make money while you are sleeping.

It Gives You Time Freedom

Multiple streams of income, give you wealth. For some, wealth is time freedom. The ability to use your time doing the things you want to do. You are not tied down to a job or putting in sweat equity. You are free and your money is working for you. Time freedom may look like the picture above or traveling. It may be working on the mission project that you are passionate about. It may be starting or working on a non profit. It may be volunteering somewhere. It’s the freedom to do what you want to do with your time.

How Many Streams Of Income Do You Have?

Comment or name them in a reply to this post! If you would like assistance in creating more than one income source. Contact me to today! I have a fabulous opportunity for you.

Bridget Denise Webb

Follow Me On Instagram | @fabulous_finances_

by Effortless Beauty™, posted in Actively Trading, Agency, App, Barter, Bible, Binary Options, Bitcoin, Broker, Budget, Cashless, Charity, Cost Of Living, Credit, Credit Union, Cryptocurrency, Currency, Day Trading, Debit, Digital, Digital Currency, Donation, e-Gift Cards, EFT, Expense, Finance, Finances, Financial Wealth Management, Forex, Free, Gain, Gift Cards, Gifts, Giving, Goals, Gold, Harvest, Homeownership, Income, Increase, Invest, Investing, Investment, Investor, IRS, Life Insurance, Loyalty Rewards, Maximize, Member, Membership, Miles, Money, Money Management, Multiplication, Navy Federal Credit Union, Non U.S. Based Broker, Offering, Personal Finance, Points, Portfolio, Principle, Property, Real Estate, Real Estate Investing, Rewards, Seed, Seedtime, Seedtime And Harvest, Share, Shares, Shopping, Silver, Single Goals, Sow, Spending, Stock, Stock Market, Tithe, Trading, Travel, Travel App, U.S. Based Broker, Wealth, Wealth Management, Wisdom, YouTube

Follow me on Instagram @fabulous_finances_

Est. 2019 | Inspiration, financial education, and information for financial wealth management.

Entrepreneur | PHP Agency, Inc. Agent | Associate

fabulousfinances.com

#FabulousFinances

Cost Of Living For Each State | United States Of America

by Effortless Beauty™, posted in Budget, Cost Of Living, Finance, Finances, Financial Wealth Management, Goals, Homeownership, Income, Increase, Invest, Investing, Investment, Investor, Money, Money Management, Multiplication, Personal Finance, Property, Real Estate, Real Estate Investing, Seed, Single Goals, Wealth, Wealth Management, Wisdom

What is Cost of Living (COL)?

Cost of Living is the level of prices relating to a range of everyday items.

Google

The cost of living is defined as the amount of money needed to sustain a certain standard of living by affording basic needs such as housing, food, healthcare, and more.

World Population Review

How Is Cost Of Living (COL) Used?

Cost of living is used to see how much it costs to live in a particular state. If you’ve never taken the time out to find out what this amount is, you should. It can help in determining and making economic decisions for your life. It will help you realize how much things cost in your state. You have no control over the state you are born in, however, once you reach the age where you can make your own decisions, you have control over whether you want to stay in your birth state or move somewhere else.

Have you thought about moving?

If you are transistioning to another state, this is good information to know. For example, if you plan on renting an apartment, the amount it cost to rent an apartment in Oklahoma is not the same amount to rent an apartment in California. In fact, an apartment in California can be in the two thousand dollar range per month. Why? The cost of living for each state is different. The prices for food, clothing, gas, and etc., are different.

The cost of living is often used to compare how expensive it is to live in one location compared to another and is also used as a big factor for people to determine where they want to be located in addition to cultural attractions, the job market, and other factors.

World Population Review

Bottom Line

Some states are more expensive to live in than others, knowing the cost of living for a particular state that you are considering will help you factor in how much it will cost for food, shelter, transportation, energy, clothing, healthcare, and if you have children, childcare. All these things are different for each state.

How Are The Cost Of Living (COL) Indexes Factored?

Cost of living indexes are expenses used to track how much the cost of basic expenses raise over a period.

Expenses used are: Food, Shelter, Transportation, Energy, Clothing, Healthcare, and Childcare.

The Least Expensive State To The Most Expensive State

Based on November 2020 data.

  1. Mississippi
  2. Kansas
  3. Oklahoma
  4. Arkansas
  5. Missouri
  6. Alabama
  7. New Mexico
  8. Georgia
  9. Tennessee
  10. Indiana
  11. Michigan
  12. Iowa
  13. Texas
  14. Ohio
  15. West Virginia
  16. Nebraska
  17. Louisiana
  18. Kentucky
  19. Idaho
  20. Wyoming
  21. Illinois
  22. South Carolina
  23. Wisconsin
  24. North Carolina
  25. North Dakota
  26. Utah
  27. Montana
  28. South Dakota
  29. Puerto Rico
  30. Florida
  31. Minnesota
  32. Arizona
  33. Virginia
  34. Pennsylvania
  35. Colorado
  36. Delaware
  37. New Hampshire
  38. Nevada
  39. Washington
  40. Maine
  41. Vermont
  42. New Jersey
  43. Rhode Island
  44. Connecticut
  45. Maryland
  46. Alaska
  47. Massachusetts
  48. Oregon
  49. California
  50. New York
  51. District of Columbia
  52. Hawaii

What number is your current state? Let me know by leaving a comment with your state and it’s number on this blog post.

The Least Expensive State To Live In & Most Expensive State To Live In

According to the data, the least expensive state to live in is:

The most expensive state to live in is:

Do you live in either state? Leave a comment on this blog post letting me know.

Cite:

World Population Review: https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state

Bridget Denise Webb

GIVE and IT Shall Be GIVEN Unto You | #itsaGIVINGmovement

by Effortless Beauty™, posted in Bible, Charity, Cryptocurrency, Currency, Digital Currency, Donation, e-Gift Cards, Finance, Finances, Financial Wealth Management, Gain, Gift Cards, Gifts, Giving, Goals, Increase, Investment, Investor, Money, Money Management, Multiplication, Personal Finance, Principle, Property, Real Estate, Seed, Seedtime, Seedtime And Harvest, Single Goals, Sow, Wealth, Wealth Management, Wisdom

GIVE and IT Shall Be Given Unto You is a private Facebook group focused on GIVING and HELPING, ASSISTING and MEETING needs of others.

  1. If you are in need of something list it.

We have not because we ask not….

List what you need.

  1. If you want to raise your level of GIVING, please join.
  2. If you want to start GIVING, please join.

What can you GIVE? The item(s) listed directly or monetary assistance.

  1. If you can give something that is listed, contact that Group Member directly.
  2. All exchanges are between the Group Member and the other Group Member directly.
  3. ALL GIVING must be from the perspective of looking for nothing in return. Pure giving only is allowed.

Please REPORT anything other than giving from this perspective to the Group Admin.

Please report ALL SCAMS and CONS to the Group Admin.

Please Do NOT meet with anyone personally without verifying they are who they say they are.

All MONETARY giving in this GROUP must be done through an electronic means, where both sources have electronic records of giving and receiving. (e.g. Cash App, PayPal, Venmo, Zelle, Google Pay, etc.,)

Who wants in? Please join us here!

Bridget Denise Webb

What Is Bitcoin?

by Effortless Beauty™, posted in Actively Trading, Barter, Bitcoin, Cryptocurrency, Currency, Day Trading, Digital Currency, Finance, Finances, Financial Wealth Management, Forex, Gain, Gifts, Gold, Income, Increase, Invest, Investing, Investment, Investor, IRS, Loyalty Rewards, Money, Money Management, Personal Finance, Portfolio, Property, Single Goals, Spending, Stock, Stock Market, Trading, Wealth, Wealth Management

Bitcoin is a form of buy, sell, payment and exchange.

It is not money. However, it can be used like money. In the United States it is not a currency. The United States government controls what is currency in the United States. Bitcoin is property. You can own it, you can buy it, you can sell it, you can use it to exchange for goods and services, you can build a hedge against the U.S. dollar with it. However, it is not money. It is not apart of the currency issued by the United States government.

Bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank. (Google)

Bitcoin was created by a person. The name most associated with the person who created it is Satoshi Nakamoto. There is only a limited amount of Bitcoin available worldwide. Once that limit is reached no more exists.

It can be used like money. It is deregulated. It is not regulated by banks or the government. It is digital. It is also known as Cryptocurrency.

Cryptocurrency is “a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.” (Google)

Bitcoin can be bought with U.S. Dollars or whatever your currency is in your country and it can be used to buy, exchange and pay for things that you would buy with regular fiat money. You can also sell Bitcoin for U.S. dollars. It is legit. There are even ATM’s for it. In the U.S., you do have to report your buys and sells (your transactions) to the IRS.

Photo by Karolina Grabowska on Pexels.com

Bitcoin is an investment and is like a hedge against the U.S. Dollar. It can be comparable to gold. In the U.S., if the U.S. dollar fails, then Bitcoin and other hard assets like gold come into play and hedge against it. You would be able to still buy, sell, exchange, make payments because of the value, accessibility, and ability of Bitcoin. People are building their portfolios and investing in it and obtaining it now. Companies and businesses are implementing it in their form of payment options, where the consumer can pay with/in Bitcoin. PayPal most recently, implemented the ability of its users to buy, sell, and hold Bitcoin. National retailers are now accepting Bitcoin as a form of payment. Games offer rewards in Bitcoin and Lolli offers rewards when using their service when you shop at top stores.

To learn more about Bitcoin and earn Bitcoin while you learn about Bitcoin visit Coinbase. Coinbase also provides a digital wallet for Bitcoin users which is also needed to store Bitcoin. For current and more information on digital assets and blockchain technology visit Coindesk.

Bridget Denise Webb