How Does Fundrise Work? Fundrise takes commercial projects across the states and turns them into Electronic real estate investment trusts (eREITs). This is in contrast to regular REITS whether privately or publicly traded REITS. You can think of this as similar to an index fund where each eREITS is a basket of various commercial real estate projects. Fundrise has declared
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Simple Steps for Branding Your Passive Income Business Sometimes it’s nice to have an extra source of cash flow. Maybe it’s for a new home. Or to save for your daughter’s college tuition. The whole idea of a passive income is that it’s your side project. Flexibility with it is essential. This is why a lot of people opt to
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Low-Cost Index Funds When it comes to investing, for the majority of people, low-cost index funds are the way to go. Low-cost index funds offer the following advantages. An index fund is like a basket of stocks that you can buy into. When you buy a share of that fund, you own a small portion of the basket of stocks.
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I personally believe it is important for pharmacists to have different sources of passive income. Why? It is one of the best ways for pharmacists to achieve financial freedom and choose to work on your own terms. We all know the high demand and stress of being a pharmacist. Wouldn’t it be nice to cut back on your hours by
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Three years ago, my current employer introduced a health savings account (HSA) as an option for my medical benefit. I briefly went over the plan but ultimately chose a PPO version. It’s not until recently that I discovered that HSA plans offer so many benefits and can be used as my third tax-advantaged plan. Some even called the health savings
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In this post, I am going to compare a Roth IRA versus a 401k plan and recommend which one is better for you in your situation. What is a Roth IRA and 401k? Roth IRA (Individual Retirement Account) is essentially a self-directed retirement account. A 401k, on the other hand, is an employee-sponsored retirement account. These are two main ways
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In this post, I will go over the top five takeaways from Ramit Sethi’s book: I will teach you to be rich. I will teach you to be rich Becoming rich isn’t something that only happens to Ivy League graduates, elite athletes or lottery winners. Anyone can become rich. What you need to do is to define what being rich
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What are the best investing apps out there in 2019? When it comes to investing, yup, you guessed it right, there’s an app for that! In traditional investing, you need a couple of thousand dollars to get started with either through ETFs or index mutual funds. Enter micro-investing apps. In today’s high-tech world, there are easier ways for you to
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The Intelligent Investor In today’s post, I will summarize and discuss the top takeaways from the book, “The Intelligent Investor” by Benjamin Graham. Warren Buffet, one of the most successful investors the world has ever known has this to say about the book. The best book on investing, ever written. Warren Buffet Investment vs. Speculation Graham defines investment as: One
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7 Types of Income Streams It is often said the average millionaire has 7 types of income streams. The average person typically has 1 stream of income, usually from their job, and this can put them in a vulnerable position financially. If you take a look at the average millionaire, it is true that they have multiple streams of income-generating
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In this post, we’re going to focus on top digital passive income ideas that you can start today. While there are hundreds of ways to earn passive income, the focus of this post is on five actionable digital passive income ideas for busy professionals. So-called internet gurus are painting the picture of you sipping mai tais on the beach with
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Continuing on my investing series, in this post I will show you exactly the strategy on how I will invest in Vanguard Index Funds. Advantages of Vanguard Index Funds Investing in index funds might the best, easiest, safest long term investment out there for most people. It’s one of my favorites ways to invest. This investment strategy requires very little
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Step by Step on How to Invest Your Money In the post, I will show you exactly how to invest money in seven steps. Starting with the lowest risk and progressing to higher risk forms of investment. How to invest Money Step 1: Low-Risk Investment Here, you’re looking for a basic place to put your money. The number one choice
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I signed up for a free trial of Audible and got a free audiobook. Due to the high recommendations from friends and other personal finance bloggers, I chose Rich Dad, Poor Dad as my starter audiobook. As a busy pharmacist, while maintaining a nascent blog, I find myself with less and less time. I turned to podcasts and now Audible
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What’s my net worth in May 2019? When I graduated from pharmacy school in 2011, I had a negative net worth of $218,000 with a combination of student loan and credit card debts! It has been a humbling experience clawing my way of that debt to having a net worth of $241,451 at the end of May 2019. I was
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High-yield savings are a fantastic way to stash your free money wasting away in your checking account. This Sofi Money Review will go over the pros and cons of opening an account with Sofi Money. You typically earn an average of 2.20 % APY or more dependent on which savings account you pick. One of the problems with keeping cash
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In this post, I will describe 5 five ways pharmacists can generate passive income. There are two types of income sources: active and passive income. Pharmacists get their active incomes from working their full-time jobs. You can get creative with this. I have personally known pharmacists who are trying to earn extra income in a variety of different ways. First,
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