pay off student loan debt

Student Loan Debt

Unless you come from a rich family, student loan debt is all too familiar to those with those looking to further their education. Todays guest post comes from Michael L. owner of the person finance blog, Super Millenial. If this article helps you, or you want to hear more from Michael, take a moment to visit his website. Without further ado….take it away Michael…

Student loan debt is a necessary evil and a reality many young people will face to continue their education. According to the Wall St. Journal “ About 7 in 10 seniors set to graduate this spring borrowed for their educations. Along with their diplomas, they’ll carry an average $37,172 of student debt as they enter the workforce.” Before we go into let’s take a look at three easy ways to approaching paying down student debt:

  1. Live Like A Student: You’ve been doing it for past 4-5 years, keep doing it as a way to keep costs down to pay more towards your student loans

  2. Set Up A Plan: Know how much you can afford, when your expected pay off date is and how you can pay it off sooner. As you reach certain dates and reach goals make sure to celebrate to stay motivated!

  3. Refinance: If you’re committed to paying down student loans early look at ways to consolidate your loans to the lowest payment possible. This will ensure you’re paying more towards the loan and less wasted on interest.

So should you pay off student loans or look to start investing in your retirement funds? A good place to start is the Federal Student Aid by comparing your student loan interest rate vs. your expected portfolio returns. Student loan debt has ranged from 3.86% (direct, subsidized loans) to 6.41% (Direct Plus loans). Historically the stock market has been ~8% but there will be bad times in the economy, drops in the stock market, and potentially another bubble or recession.


Student Loan Debt Interest >=< Expected Investment Return?

In the end it is a very personal decision as some may not be able to sleep at night knowing they have a debt looming over them. Here are the benefits of both investing by building assets & paying off student debts:

Investing (Building Assets)

Emergency Fund: Do you have enough money in savings to pay for basic expenses for three to six months? If not then start saving & automating 1o% of each paycheck towards your emergency fund until you reach your goal.

401K: Are you currently contributing to your employer’s 401K? If they match a percentage or amount, invest at least up to that amount to take advantage of free money from your employer. If you invest $3,000 and they match, you just doubled your investment instantly. This habit will ensure you automatically pay yourself first and contribute towards your future.

Pay Down Credit Card Debt: With high interest rates these will do more damage to your credit and your potential for lending than student loan debts.

Roth IRA: By opening a Roth you can increase your savings and also still have liquidity if needed as there is withdrawal flexibility if you need to use those savings in the future (unlike a 401K). Generally, early withdrawals from an IRA prior to age 59½ are subject to income taxes, plus you’ll pay a 10% tax penalty. However, you may be able to withdraw your contributions (before any earnings) tax-free and without penalty.

Taxes: Depending on your income you may be able to deduct up to $2,500 of your student loan interest costs. If you pay your loan off early you may reduce your tax savings.

Paying Down Debt

Now that we’ve covered the benefits of building assets it’s important to also evaluate the benefits of paying off student loans:

Predictability: While the market has historically been 8% returns the future may yield different results. Your student loan payment is fixed for the life of the loan and will give you consistency in your budget planning.

Credit: Paying down your loan make a big impact on your credit score as you are lowering your overall debt which can increase your credit score. The higher your credit score the more likely you’ll be able to get a lower rate on buying a car or house

Stress: Debt is a burden to many, some people can’t barely sleep at night knowing they owe money. Once your lower your debt or completely eliminate it you’ll be able to enjoy peace of mind and really begin to start increasing your net worth.

Dealing with debt is like meal prepping for a full week; it’s necessary but not always the most fun (until you see the results). I’ve mentioned before it’s important to find a balance in your life and finances, same goes for investing and paying down debts. Start by eliminating credit card debt then accelerate your student loan debt while investing in your emergency fund, 401K, and Roth IRA. The most important part is identifying your debts and setting up a game plan for each paycheck.

Have you had success paying down either type of debt & investing at the same time? What strategy worked best for you?

Michael L. is the creator of Super Millennial. He teaches people how to evaluate their financial situation, simplify money management & learn how to automate your investments to reach their financial goals. Subscribe for his personal finance “Keys To Success” PDF and blog updates HERE.

airbnb investment

How I made $11,604 As An Airbnb Host In 5 Months

This is part 2 of my Airbnb investment experience, start by reading part 1 of my Airbnb experience series.

 

5 months ago I launched the Airbnb investment experience. It was completely last minute random decision, I made during the ending phase of renovations for house number 3. I stumbled upon the Airbnb investment model last year traveling back home to Detroit to visit family. I decided to join the sharing economy, and turn my rental property into an Airbnb vacation rental as an experiment to see if I could make more money then I would as a tradition rental. I wanted to know…

  • Do Airbnb host make money?
  • What kind of occupancy rates would I get?
  • Can you make more money as an Airbnb host, than a traditional landlord?
  • How much do Airbnb host make?
  • How hard is it to be an Airbnb host?

 

My Airbnb occupancy rate as an Airbnb host

The biggest deterrent about becoming an Airbnb host was a bad occupancy rate. The thought of letting a rental sit on the market not earning a dime concerned me, but thinking about investing in decor and furnishing on top of that, down right scared the crap out of me. Luckily, these fears weren’t necessary.

I want to be completely transparent with this occupancy rate, so its important to note, I also listed my property with Airbnb competitors such as Vrbo and Flipkey. This is something I recommend doing, to ensure the best occupancy rates.

Over the course of the 5 months following my initial launch, I found that on average my home was booked approximately 22 night per month. I’ve had a slow month here and there my slowest month was in August I only booked 15 night(Ouch!) but there have been months I have booked 29+ nights, so it tends to vary per month.

I would say approximately a 75% occupancy rate, I find the majority of my bookings are reserved in the current month, which initially freaked me out a litte, popular months do fill up further in advance, my home is in Clearwater, FL so, our winter season, attracts alot of snow birds, and people who just want to escape the harsh northern winters. As you can see in my airbnb calendar below, I was able to book 28 nights for December. I find people book longer stays in the winter months. As you can see I also had a significant amount of days coming from vrbo as well.

airbnb host occupancy

airbnb host occupancy




How much did I make as an Airbnb host?

I have a few answers here as an Airbnb host exclusively I grossed $7404, this was Airbnb bookings only.

airbnb pay out

From Vrbo and Flipkey I earned a combined $4200 gross. So all together in 5 months I grossed $11,604…Woohoo! Let’s break this down.

Lets talk about the expenses, obviously to have a vacation rental, you will have to have the utilities cut on and pay bills. Being the frugal guy I am I want to mention that while renovating this house I had all the lighting converted to LED, for one I like the look of LED Lights, and it saves a lot of money on electric bills. I do this to all my rental properties now, because this is a benefit to my tenants, but its even more beneficial for my vacation rentals to keep the electric bills low.

airbnb nest thermostat

Also I think its important to note that I live in Florida, so the AC is almost always on. My Electric bill has never been more than $130. Having a Nest thermostat is very helpful with this, so I can make sure the air is off when guest check out, and turned so the house is boiling when guest arrive.

 

The water Bill never really changes. This is a 1 bathroom home, so the water bill averages $80 a month

Cable, while its not a necessity for your Airbnb rental, I know this is a must when I travel, and everybody needs wifi, so bright house cable charges me $130 a month, this covers cable, wifi internet, and home phone service!

These numbers fluctuate a little bit depending on the amount of bookings, but only by a minor amount. That being said, my bills average around $350ish a month, so in 5 months generated approximately $1,750 in bills.




As an Airbnb host you must also consider house keeping cost. My wife and I currently do the house keeping, our Airbnb  cleaning fee is $60, which is what we pay ourselves for cleaning. Yes we pay ourselves, I do this for a few reasons, one because this is separate work, and is time-consuming(turnovers take 2-3 hours) and eventually I plan to outsource the cleaning aspect to make Airbnb hosting closer to passive income, and I want to already be in the habit of separating my cleaning fee, instead of pocketing it and calling it income. In 5 months we hosted 37 guest, which amounted to $2,220 in cleaning fees.

Now that we have the numbers lets do the math $11,604 – $1,750 in bills – $2,220 = $7634 net profit. Score!

Breaking this down even further if we divide this by the 5 months, we made an average of $1526.80 per month off this rental property. This home would normally rent for $800 per month in this area. This is almost double 🙂

How hard is it to be an Airbnb host?

I guess the answer to this question is debatable. The best answer I can give is it depends on the guest. The majority of people who book my home are absolutely the most considerate group of people I have ever met. But there’s a small percentage of guest that are less favorable than others. I’ve had guest need me to come over to show them how to work the television, or help them “get the cable working”. I’ve had guest request appliances.

airbnb after math

The aftermath of guest that came in town for a wedding

I’ve had guest leave huge messes, although that is a rare occasion. I mention these things because I think its important to keep them in mind.  Having a good deposit amount will provide a decent safety net should you guest, get drunk and accidently punch a hole in your wall.

To be honest, most guest don’t want to ruin your house they just want to have a little fun, to the right is the extent of the mess, I normally have to deal with. I usually come into empty champagne bottles, and beer bottles, its not really a big deal to clean.

Occasionally, a guest stain the carpet, but I find resolve gets out most stains pretty fast!

Here are few tips to help make Airbnb hosting a little easier.

 

 

Other things to consider as an Airbnb host.

A few other observations I have made in my time as an Airbnb host are my initial investment in furnishing the property. I spent $2,000 total on decor and furnishing. I remember cringing spending this money when I first started out. The extra $700+ I averaged per month covered this cost in under 3 months.

Most of the Airbnb  guest fit into 1 of 3 categories.

  1. Family Vacationer – These people are coming in large groups, usually with children. They are in town to do family oriented activities. They usually leave your house in good condition but the leave some minor messes
  2. Business Travelers – These are mt favorite travelers, they come to town for business related matters. They spend the majority of the day, away from the home and return tired and just want to relax. Because they spend so much time away, the house is very usually very clean when they checkout.
  3. BFF Vacationers – These are the best friends who plan trips together, sometimes they come into town for an event or just to explore the city. Either way they generally leave the biggest mess. I often come to find large amounts empty liquor bottles, and unwashed dishes.

I spent $2,000 total on decor and furnishing. I remember cringing spending this money when I first started out. The extra $700+ I averaged per month covered this cost in under 3 months.

Whats Next?

I plan to eventually expand my Airbnb business. I’m hoping to buy more properties with the purpose of renting them out on Airbnb. I also am highly considering remodeling house #1 into an Airbnb rental, but I want to see how this first house works out before I go to crazy with the expansion.

-Will the market get over saturated?

So far the Airbnb investment experience has been equally pleasant and profitable.

All in all so far I LOVE being an Airbnb host. Because I generally earn close to double the amount of income, I will be able to pay house #3 off earlier than I originally anticipated. I am considering purchasing additional properties to list with Airbnb, even though its by no means passive income, it’s proving to be extremely profitable side hustle. Are you considering becoming an Airbnb host? Click here to earn an EXTRA $50 for hosting your first guest. Do you already a seasoned Airbnb host? How do you feel about Airbnb? Let me know in the comments below?

 

Amazon is hiring

Amazon Seasonal Work From Home Program

In the spirit of side hustles, seasonal work, that you can do from home is rare to come by. For this reason I’m happy to share with you that Amazon is hiring on a seasonal basis.  Amazon is looking for people to help answer customer questions and assist with problem solving issues. Its a great way to stack up your cash for investments, pay off your credit card debt, or just save up for the holidays. Scheduling is very flexible.

Amazon requires that you live in on of the following states to be eligible for its work from home program:

  • Arizona
  • Colorado
  • Deleware
  • Florida
  • Georgia
  • Kansas
  • Kentucky
  • Michigan
  • Minnesota
  • North Carolina
  • North Dakota
  • Ohio
  • Oregon
  • Pennsylvania
  • South Carolina
  • Tennesee
  • Washington
  • West Virginia
  • Wisconsin
  • Virginia

amazon work from homeBenefits of  Working Seasonally from Home

  • While your friends are shoveling snow and scraping ice from their windshield you can start work in your pajamas with
    a hot cup of cocoa
  • You set your own schedule. Work as much or as little as you like. This means you can work anywhere between 1-30 hours per week. On average most associates work about 12 hours per week.
  • Amazon will pay you $10 an hour




 What Are Amazon Qualifications?

From Amazons officials job description:

The ideal seasonal work from home Amazonian is internet savvy and gas technical aptitude when it comes to online tools and research. You will think outside the box, solve problems, answers questions, and resolve concerns presented by our Amazon customers. Our customers contact us primarily by phone and we hope you can help us deliver customer obsessed results.

Other requirements for Amazons work at home position:

  • High School Diploma or GED.
  • Basic Typing
  • Ability to navigate the internet
  • 1 year in service environment
  • Ability to take any shift sunday through Saturday from 3am to 12 midnight PST. During the holiday season its possible they may ask you to work extra hours.
  • Technology Requirements

    • 64-bit Operating System
    • 10 mbps download and 5 mbps upload speed or faster from a reliable provider(no satellite or wireless internet)
    • Must be directly connected to router/modem via Ethernet cable
    • If you are using a laptop, it must be connected to an external monitor, keyboard, and mouse
    • Windows 8.1, Windows 10, or OSX 10.9, 10.10, 10.11
    • Operating System Auto-Update
    • Windows Defender (If using Windows 8.1 or Windows 10)

    The following programs must be uninstalled to meet the computer requirements:

    • All 3rd Party Anti-virus programs such as McAfee, Norton, AVG, Kaspersky, Avast, Comcast Constant Guard
    • Any other previous work from home software should also be uninstalled
    • Unused versions of Cisco AnyConnect Mobility Client

If you are interested in applying to Amazons work from home program click here. If you want to explore some other side hustles click here.



Have you ever worked for Amazon? Share your experiences below!

DIY Credit Repair

When I was 17, for some strange reason I was approved by a local apartment complex to rent a 1 bedroom apartment. My first shot at adulthood, I was moving in with my girlfriend. I had an unreliable job, no financial education, and was still figuring life out.  In hindsight that was a train wreck waiting to happen, but it was learning experience. After a few months I was laid off from my job, lost the apartment, and had utility bills that had no chance of getting paid. Unfortunately while we are young, is when we do the most damage to our credit, as we incur bills and student loans that can effect our credit.  As maturity sets in, and we realize how useful credit can be, and thus we embark on the journey to credit repair.

Why do we need good credit?

Credit is your financial responsibility track record, its how companies determine whether your business is a liability to them. People with better credit get better opportunities, better rates, and more financial options.  Your credit determines how much your insurance premium is, if you can rent that nice apartment that you’ve had your eye on, the car you can afford, and if you ever have plans to buy your own home, or start investing you will need to get your credit in decent shape. Your credit is even the determining factor. People with bad credit are looked at as risky and unreliable. Fortunately we can redeem ourselves, here are some DIY credit repair tips!



DIY CREDIT REPAIR TIPS

  1. Know Your Credit Score – Because how would you know what needs fixing without taking a look under the hood right. Fortunately, obtaining your credit score these days is easy as its ever been. Head over to CreditKarma.com sign up and get direct access to your credit info. Credit Karma is great because its FREE. After you sign up download the app, to your cell phone. You CARE about your credit now, lets keep it close
  2. Fix Errors – Now that we have access to our report, checking the collections for errors is important. Sometimes creditors make mistakes at your expense, and its up to you to find out. These need to be disputed right away. You can dispute errors directly though credit karma.
  3. Dispute Everything – Disputing derogatory credit remarks on your report is easy and doesn’t cost any money so, it makes since to try them all and see what sticks. When you dispute derrogatory credit marks, the creditor has to prove that you owe them money within 30 days. When your late payment goes in to collections, if you haven’t paid in a while, the original creditor sells your debt to a debt collection company. This company tries then tries to collect the debt from you, if you don’t pay them, eventually they liquidate your account to another debt collector, and the process repeats. Alot of times after a few debt transfers, it makes it difficult for the new creditors to get the necessary info to respond to your dispute. The result is one less negative mark on your credit report.
  4. Don’t Pay Old Debts – Debt falls of your credit report after 7 years, anything over 5 year or older you may just want to wait out. There’s no sense in spending money that could be applied to more recent debt. Anything less than 5 years, you should consider paying off. Depending on the amount owed, set aside a reasonable amount to pay off your debts on a consistent basis. Here is a debt repayment calculator!
  5. Pay Bills On Time – Your not the same irresponsible 19 year old with your first visa any more, time to pay your bills when or before the due date. Part of your credit report is how well you are able to pay your debts on time. Each month credit bureaus document weather you paid on time or not. By making sure that you stay on top of this you will notice a rise in your credit. If you have a problem with time management, set alerts on your phone.
  6. Get A Secured Credit Card – Secured credit cards are like regular credit cards with a major exception. You will need to put a deposit down, usually a minimum of $200, which represents your credit limit. Technically is more like a debit card, but should be treated as a regular credit card. This card SHOULD NOT be used for anything other than a credit boosting tool, not because you need an outfit to wear to the club. I recommend paying for something low like a cell phone bill, or something that you need to pay for consistently  with your secured card. Don’t exceed 30% of your credit limit, and pay this balance of every month, and your score will definitely rise.
  7. Never Exceed 30% Credit Utilization – This is one of the high ranking credit factors, and a very important part of DIY credit repair. Creditors don’t like when you max out your credit cars. A good rule of thumb is not to exceed 30%. This is the perfect range to be in. It shows creditors, that you are responsible, and that you are conscious of your spending.
  8. Maintain Credit Activity – Another high ranking factor in credit repair, is the length of your credit history. You want to keep cards open as long as possible. A halt in utilization for extended periods of time can get your card closed. Always charge at least one thing to each card every month, and pay off the balances when possible.
  9. Negotiate – When you get ready to start paying off recent debt, reach out to the debt collection companies and negotiate a deal. The older your debt gets, the more flexibility you have. Let creditors know that you want to pay off your debt and offer them 30% of the debt. Sometimes they will say yes, if not almost all the time they will give you a counter offer. Try to get the lowest amount possible. When your offer is accepted, make sure to confirm that they will be removing the marks from your credit report as this is not automatic. Get all of this in writing, and store it in a safe place.
  10. Avoid Excessive Credit Checks – STOP LETTING PEOPLE RUN YOUR CREDIT!!!! Salesmen, will often downplay the effects of inquiries but the truth is they don’t care. You need to be firm with people who wish to run your credit. Excessive inquires look bad on your credit report and reduce your score. Only allow credit checks with absolutely necessary.




Things Credit Repair Will Help You Achieve

  • Able to qualify for a mortgage. Unless you are exceptionally financially well off, you are going to want to finance your home. People with good credit have no problems getting qualified for mortgages.
  • Able to finance rental properties. Thinking about investing to earn yourself some passive income?. Good credit will help you to get loans on these properties.
  • Get approved for credit cards. No surprise that credit card companies are going to do a credit check before they trust you with any credit.
  • Lease an apartment. As a landlord I can tell your credit is a major clue about your financial habits. Most landlords like to see that you can be trusted to pay your debts on time.
  • Able to finance a car. You gotta get around right? An obviously something reliable. If you want to rent a car and your credit is bad, the salesmen will politely ask you to come back when your a little more fiscally responsible.
  • Get you lower interest rates. Ever seen one of those car commercials, where they give a low monthly price and then at the bottom of the screen you see the fine print? That fine print says that those super low prices you just saw only apply to those with preferred credit. Lower interest rates means you save more money then those with bad credit.
  • Give you higher limits. When applying for credit cards, your limits are determined by your credit score. Higher credit results in higher limits. When credit card companies issue credit cars, they know if your responsible with money when they see your credit score.

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what is passive income

I was lucky, I don’t know why, but for some reason I picked up on the concept of passive income at an early age. At 9 years old I used to consistently beat my parents at Monopoly. At 9, I was just happy to be better at something then the grown ups, but I was subtle learning an important lesson. Id giggle as each time they landed on one of my properties I was slowly taking their money one faux hundred dollar bill at a time, and my pile of money would grow strong until the game ended. Today I know this, was a rough concept of generating passive income.

What Is Passive Income?

Passive income is payment you recieve on a consistent basis, with very little to effort required to maintain it. Contrary to active income, in which you trade your time for money, passive, or residual income is created generally by investing in assets, or putting in a lot of time up front that produce a monthly income.



Why is passive income important?

Passive income is important because, it is not directly related to the time that you spend. You make educated investments that create a steady income stream. Because you are not spending time, passive income investments are a good way to plan for retirement. By gaining more and more income producing assets, you are in direct control of growing your wealth.

Some Passive Income Examples:

I have dabbled in a few of these, but I’ve been able to create the majority of my income with rental properties, as you recall with house #1 and house #3. Rental properties have allowed me to achieve financial independence, and I am currently growing this business.  I am a big believer in diversification, I’ve always been an advocate of diversification, and no one way is better than the other. I recommend that people experiment on a small scale to see which methods interest you the most

Passive income is not FREE money. All forms of passive income require the following:

  • An initial financial investment – An examples of up front financial investments would be purchasing dividend producing stocks.
  • An initial time investment – An example of up front time investment would be. Creating a hit song and receiving residuals, or royalties on a monthly basis.

What Makes Passive income so powerful?

What makes passive income so attractive, is that once you lay a foundation, the residual income get easier build. With traditional active income there is a limit to how much time you can dedicate to working. With 24 hours in day and a general work shift being 8 hours of your day, it’s virtually impossible to find time for more then a second job, not to mention how brutal of a lifestyle that is. With passive income, you are not bound by the time restraint, and letting your money work for you. As long as you are generating enough income you can create as many passive income streams as you like.

The best thing about passive income, is when you don’t have to be at work, you get to actually live life. The majority of us are stuck in a position, where we need to work to keep things in order in our life. Jobs determine: when you go to sleep, when you wake up, what you eat, how you dress, and what you drive. Passive income allows you to spend your days doing what’s most important.



How To  Generate Passive Income In The Beginning?

  • In the beginning you need active income – Unless you come from a wealthy family, you will need capital to build your passive income empire. Theres no way to shortcut this part, you need to have a primary means of income to get started.
  • Be Frugal – Think of this as the time of sacrifice, this may seem unreasonable but, stop spending so much money. Try to find economic ways of entertaining yourself. Cut down on food budgets, try not to eat out too much and cook at home. Here are some yummy ideas of what frugal people eat! 
  • Create a plan. A big part of creating passive income is having a strategy. Have answers and procedures for every conceivable scenario.
  • Determine how much passive income you need – Figure out how much residual income you need to make to live your life comfortably.
  • Set realistic short term financial goals – It’s ALWAYS great to shoot for the stars, however creating short term goals that can be reasonably achieved. An example of a good short term goal is saving up for a down payment on a rental property,

Achieving financial freedom is not easy to achieve, but by setting goals, saving, and frugal living you can begin on your journey to residual income. After laying this foundation, by the time you are generating enough income to live off of, you will have definitely earned it.

UberEats Promo code 2016

UberEATS Promo Code For 2016

If you are new to my blog allow me to introduce myself my name is Dave.

I’m 32 years old and gearing up for retirement next year. 

I can do this because I have educated myself in personal finance, learned to live frugally, and I’ve made some investments, mostly real estate. You can read about how I accidently started building passive income here, and how I made $11,605 in 5 months as an Airbnb host here.

In the name of frugality, it’s common for me to post freebies and tips to help you live frugally.

If this UberEATS promo code helps you out PLEASE share this post and subscribe!

If you already know how to enter the promo code here it is:

EATS-Uber4FreePromo

Hey guys, periodically I like to post life hacks, in the name of frugality. The more money you save the more you have to invest. Today Im going to show you how to get a FREE meal using an UberEATS promo code up to $10.

Uber Free Ride promo code

And here is promo code so you can take a free ride with uber:

uber promo code

Are you new to UberEATS and want more information, or looking for a promo code? Look no further you have come to the right place.

What is UberEATS?




UberEATS originally dubbed UberFRESH, was launched in Santa Monica in August of 2014. The company took its already successful rideshare app and experimented with lunch delivery. The company has evolved into  an on-demand meal delivery service powered by the Uber app.  The app connects drivers and riders to utilizes its massive network deliver otherwise non-deliverable meals to your location in minutes. UberEATS partnered with local restaurants in selected cities from all around the world so that customers can order meals using  the UberEats smartphone app.

UberEats FREE Promo Code

UberEats Promo Code

UberEats Promo Code

To receive your free UberEATS meal, simply enter the code above into the UberEATS promo code section at sign up and you will receive one free meal credit up to $10 for your first meal! Please note the UberEATS credit will differ depending on which city you are located in. Full disclosure, any amount listed is for reference as Uber reserves the right to revoke credits.



How To Enter your UberEATS promo code to get your FREE meal

  1. Download UberEATS from the android market or app store, then open it.

    download ubereats

  2. Click the settings icon in the upper left corner as pictured.

    ubereats promo

  3. Select Promotions.

    uber-eats-promo-code

  4. Enter the promo code EATS-Uber4FreePromo, then press the apply button.  A message will pop up confirming your UberEATS free food credit Enjoy your FREE MEAL!

    free-uber-promo-code

What Cities is UberEATS Available?

Currently, UberEATS is available in the following cities:

  • Aarhus
  • Atlanta
  • Austin
  • Baltimore
  • Chicago
  • Cincinnati
  • Cleveland
  •  Columbus
  • Connecticut
  • Dallas
  • Denver
  • Edmonton
  • Houston
  • Las Vegas
  • London
  • Los Angeles
  • Melbourne
  • Mexico City
  • Miami
  • Nashville
  • New Jersey
  • New Orleans
  • New York City
  • Orange County
  • Orlando
  • Ottawa
  • Paris
  • Perth
  • Philadelphia
  • Phoenix
  • San Diego
  • San Fransisco
  • Seattle
  • St. Petersburg
  • Singapore
  • Sydney
  • Tampa Bay
  • Toronto
  • Washington D.C.Update 10/26/1 – UberEats has expanded to St. Pete from the Tampa area
Getting More Free UberEATS

Since the UberEATS promo codes are only eligible for one free ride, you might be wondering how to get more free rides. By clicking the options button in the corner and selecting ‘Free Food’, you will be shown your promo code. Every time you share your code with friends, when they use UberEATS for the first time they’ll get $10 off their order, and you get $10 off yours.

Tips on using your UberEATS Promo

  1. Spread the word about your uber promo code!
  2. Post your promo code to all your social media accounts
  3. Advertise your promo code on youtube
  4. The UberEats credit only last for 3 months, so don’t save them too long
  5. The Uber promo code terms are subject to change and are not guaranteed

How To Become an UberEats Driver

Driving for UberEATS is great because you get to set your own schedule, so it’s a good side hustle to earn extra cash. If you want to learn about my experiment driving for uber click here. To earn some extra money driving for UberEats Click here to sign up! 

The UberEATS Driver Requirements
  • UberEATS drivers must be at least 19 years  of age
  • Own a vehicle no later than 1996
  • UberEATS drivers must be able to lift up to 30 pounds
  • Have at least 1 year of driving experience

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Investing in real estate young afford everything

Investing In Real Estate Young

If I could go back in time, to my senior year of high school, with the financial knowledge I have now….I would have retired years ago. It hurts my head to think how uninformed, and uneducated the school system leaves our youth after earning your diploma. All those years chasing grades, learning formulas, and a plethora of other things, yet no talk of rental properties, building passive income, or even the financial basics. Unfortunately, this scenario is all too common. I was in my mid-20s by the time I accidentally started building passive income.

 

The average person graduates high school and college. After college they have incurred student loan debt so they get an entry level job, they rent while dating, get married then search for the dream house. The couple applies for mortgages, they purchase the dream house at the top of their budget. And the cycle begins. This is the point when you stroll up to the starting line of the rat race.

 

Your living arrangements are your biggest expense, for this reason, I recommend beginning savings for your first house right out of high school. Once you establish stable employment or hone your hustling skills, rather than renting, the best way to start investing in real estate, is to find a local duplex or a cheap single family home. In order to find a good deal, you may have to sacrifice, and consider living in a low-income area. Low income doesn’t necessarily mean dangerous, but do your research. There are benefits to each strategy.

 

The benefit to buying a cheap home is that you can pay it off fast. In my area, I can find a 2 bedroom home in a low income, but safe area around 50k. If you concentrate your income on paying this off, you can own this house in under 3 years. By paying off your primary residence, you have eliminated what is generally everyone else’s biggest expense. You now only have to cover your property taxes and insurance. This means now it’s easy for you to save, what would be rent/payments for your next investment. Imagine how fast you could save up for rental if you didn’t have to pay rent.

 

The benefits of buying a duplex as first investment slightly differ in this strategy. The idea here is to find a well-priced duplex. My criteria is that the duplex cost less than if I was buying 2 separate houses. Using the example above, if the average 2 bedroom was 60k, I would be looking at duplexes with a comparable amount of bedrooms per unit for 110k or under. Once purchased, find a good tenant to rent out one side. Make sure the rent you charge is enough to cover the mortgage as well as your bills. At this point, you have your own place, and your living rent free. Continue to save money as if you did have rent and apply this to the mortgage. If you continue this in a few years, you’re going to have the duplex paid off free and clear. Now when you receive your rent payments, they are mostly profit. You can now save up for a down payment on your next place, then replace your old side of the duplex with a new tenant. The income from having 2 new renters will be profit and you will own real estate.

 

By investing in real estate young, by the time you’ve paid off the property In either strategy, you’ve already aggressively taken a large step towards passive income and getting a clear view of the finish line that is the rat race. Once you move out and have either completely paid off and rented, you are now able to buy more rentals, or at the very least you have an asset generating enough monthly passive income to cover your new mortgage payment. Without having to worry about rent\mortgage payments you can begin a fast paced savings plan, that will allow you to grow your portfolio and subsequently, your rental income . The younger you are when you star investing in real estate, the sooner you can start building up your rental portfolio.