How to buy Bitcoins

Hey guys Dave here, I know you guys have heard me talking alot about cryptocurrency and bitcoin lately. For new readers, I am an investor, I’m all about travel, making money espeically when its passive income. I own several rental properties that I have turned in to airbnb’s you can read about those here and here. But recently I have been doing some cool things with Bitcoins you can read about my bitcoin experiment here, or how I started making passive income with bitcoins here. Then it hit me, I should probably explain where to get bitcoins. So here is my tutorial to getting your hands on some of that sweet, sweet crypto.

There is no doubt that if you stumbled onto this page you have heard about bitcoin. That’s because you’re super tech-savvy and smart enough to do your research. Now you need to know how to buy bitcoins. I mean, where do you get Bitcoins anyway? Today I am going to show you what I wish I knew about how to purchase bitcoins. Welcome to the world of cryptocurrency.

 

Buying Bitcoins with Coinbase

This is my favorite way to buy bitcoins. Coinbase is a bitcoin exchange that is convenient and pretty self-explanatory. You can sign up for Coinbase here. You will have to verify your email.

how to buy bitcoins

Once your email is verified you will have to verify your phone number.

coinbase phone verificiation

I know that all these verifications can be annoying but they are in place to protect our money. The next step is to verify your payment source. There are two options you can use a card such as debit or credit, or bank account.

 

How to buy Bitcoins with a credit card

If you want to buy bitcoins with credit card, Coinbase is by far the best option. To buy bitcoins with a credit card you will first have to verify your card on Coinbase. This is a simple process but you will need access to your online banking. Before you can get your debit or credit card registered, Coinbase sends out 2 or 3 pending charges that are all $1 and some change. When Coinbase does this, they will prompt you to enter the amount of change like in the picture below.

how to buy bitcoins with credit card

To verify you just have to enter the change. If you get a charge that is $1 even DO NOT USE THAT ONE, only the charges with change after it. Don’t worry these charges fall off once you verify your card. With credit cards there is a 2.5% charge which is not bad in the world of Bitcoin. The bonus to using your credit or debit card is this is the best way to buy bitcoins instantly. There is no wait time for your bitcoin to arrive which is good because bitcoin price fluctuates. I did notice that my weekly buying limit was lower than the limit given with the bank account.

Pros of buying bitcoins with credit card

  • Instant transaction, bitcoin is in your account right away
  • Low Fees
  • Good for short term trading

Cons of buying bitcoin with credit card

  • Lower buying limits with new accounts.

Buy Bitcoins with bank account

You can also buy bitcoins with your bank account. This way is good because there are no additional fees. Adding your bank account is simple as choosing bank account as your payment method and logging in via your bank online login info. The downside to buying bitcoins with your bank account is that there is a wait time. This wait time can be anywhere between 4-10 days. This is not ideal if you want to make sure that you are buying in at a specific price. Buying with bank accounts usually gets your a higher weekly buying limit.

Pros of buying bitcoins with your bank account on Coinbase

  • No Fees
  • Convenient
  • OK for long-term holding

Cons of buying bitcoins with your bank account on Coinbase

  • Slow transaction 4-10 days
  • Don’t know what price will be when you receive bitcoin
  • Bad for short term trades

Buying your Bitcoin

Once your payment method is set up you simply need to click bitcoin and click buy bitcoin

how to buy bitcoin

The final step is to enter the amount of bitcoin you wish to buy in USD and click buy bitcoin instantly. You will get to a confirm screen and then your bitcoin should appear in your account. You are now a proud bitcoin owner.

 

If you want to sign up for Coinbase to buy some bitcoins you will get an additional $10 in bitcoin when you spend $100 with this Coinbase promo. 

 

BitCoin ATM

Bitcoin ATM’s are my least favorite way to buy bitcoin. If you are in a hurry and you don’t have a bank account you can buy bitcoin from one of these specialized ATMs. I used a bitcoin atm a few times when I was trying to get bitcoin for the BitConnect experiment. A few things I learned from the experience is that you can find your local Bitcoin ATM using CoinRadar.com I was able to locate a few of these ATM’s within reasonable driving distance to my home. The process was straight forward. It had a touch screen interface that was small but easy to use. After beginning the process, I was required to register with my phone number, for which I was sent a text with a code that I had to verify, and then I had to scan my ID. Once my ID was scanned I was that the machine had a 15% fee meaning for every $100 I needed to add an extra $15 in fees. This was quite expensive and I would later find out that this pricing is average and some ATM’s were even charging 20%. Next I was asked to scan the barcode to my destination address. Now it was time to add the money, it was cash only and no way to use credit or debit. I deposited my money and watched the fragments of bitcoin add up on the screen. Once I was done I was given a reciept and within moments the transaction showed up as pending on my wallet.

The Pros of Using Bitcoin ATM

  • Good for quick bitcoin transactions
  • Buy Bitcoin INSTANTLY!
  • Great way to get bitcoin if you don’t have a bank account

The Cons of using a Bitcoin ATM

  • Requires you to have a bitcoin wallet already
  • EXPENSIVE FEES 15%-20% is common
  • ATMs were mostly located in shady areas of town in my area
  • Have to travel with cash on you
  • Bitcoin ATMS are CASH ONLY!

3 Ways To Earn Passive Income With Bitcoin

Hey guys, you’ve probably been blogging a lot more lately! For the Newbies I’m Dave I’m into all things passive income. You’ve probably heard me talking a lot about bitcoin lately. That’s because there is A LOT of pretty exciting things going on with cryptocurrency lately. Aside from new highs with bitcoin almost monthly, I have managed to scour the web for the three best ways to earn passive income with bitcoin on the web. I put hours upon research and went out on the line with my own money to test out various ways to make money in the age of digital money. I have narrowed it down to the 3 best bitcoin investments to share with you. Before we get into this post, I want to make sure everyone knows investing can be risky, never invest more than you can afford to lose, that being said I have not lost any money and have seen significant gains so without further ado here is my much-anticipated list.

bitconnect reviewBitConnect

BitConnect is a lending platform that deploys a trading bot to trade price of bitcoin taking advantage of its price volatility. BitConnect lets user lend money to the bot to leverage buying power. How it generally works is you make an investment, let’ss say $100 for example. That $100 is locked into a set term for 299 days. BitConnect rewards users with daily interest payments that start 24 hours after the loan is made. These daily interest rates can fluctuate between 0.04% to 2% however from my experience I find that it averages around 1% per day. This means that at the end of the month you are making between 24-30% ROI on your investment monthly. This means that you generally can recoupe your original investment back within around 3 months. You then get to enjoy daily interest payments for the remainder of your term. Once your term is complete, your original $100 is released to you. So let’s do the math, you originally invested $100, then you began receiving interest payments of around $25 per month for the following 10 months. That’s a total of $250, you are then given your original investment back turning your $100 investment into $350ish. Now obviously $100 isn’t going to make you they next Mark Zuckerberg, however, with a larger loan of $1000 I’m sure you can begin to see the potential. I am currently investing into bitconnect you can read about my bit connect experiment here and part 2 here. The goal here or at least the strategy I am using is to compound the interest payments into more loans to raise my monthly income to where I want it to be. You can literally decide your own income. BitConnect gives you instant access to your payments as soon as they arrive so if you don’t want to reinvest you can simply withdraw the funds and cash out.

You can sign up for BitConnect here.

genesis mining review

Genesis Mining

If your on this page you probably know that bitcoins and many other altcoins are mined. For those of you that are unfamiliar bitcoins are generated by specialized super computers known as mining rigs. These computers solve millions of complex solutions per second and are rewarded by receiving cryptocurrency. These mining rigs can be complex and expensive to build, and one of the main cost associated with mining is electricity cost. This is where cloud mining comes in. Cloud mining is when companies with many of these mining rigs sell you there computing power aka hash power to generate cryptocurrency on your behalf.

Is this profitable? Well, the answer is complicated, you see the difficulty of mining goes up over time so the amount of hash power you are mining with versus the cost of the coin you are mining is something you need to be aware of. A quick google search like “bitcoin mining calculator” should bring you to a site that can calculate the cost of electricity and relation to the price of the coin you wish to mine and let you know how much you would make at the coins current price.

I have found success mining with Genesis-Mining.com. They sell different contracts but I find that their bitcoin mining contracts are the best in the world in my opinion. This is because they are open-ended contracts. While some mining contracts may have a term of 2 or 3 years, the bitcoin mining contracts here, will mine FOREVER until it is no longer profitable. That means you have a dedicated machine mining bitcoins for your until the difficulty has gotten too high. You can hedge against this by adding hash power as time goes on. Once you break even on the investment the rest is sweet sweet passive income. The only thing bad about genesis mining is that their bitcoin contracts are no secret so they sell out for the year relatively fast. At the time of writing this, they have just opened a presale for February 2018 which is 3 months away.

If you want to check out how profitable cloud mining you can sign up here an recieve 3% off your contract price if you use this link.

usi tech review

USI-Tech

USI Tech is similar to Bitconnect and Genesis. It’s a lending platform that allows you to invest in cloud mining packages. A little background on USI-Tech they have been leaders in the forex market, and at one point created a successful forex trading bot that was exclusive to wealthy clients. Fast forward to present day, they are now getting a foot in the cryptocurrency markets. They have been making investors money for years so I’m hopeful that they will be trying to uphold their prestigious name.

How do USI-Tech Investments work?

You buy whats called BTC cloud mining packages or bitcoin packages. USI-Techs prices is in euros but these packages rougly translate into around $59 usd. Once purchased, your investment begins to pay you 1% daily for a term of 140 days. These packages are active only between Mon-Fri and are not active on the weekend. USI tech says that they will earn you 140% ROI for the package you purchase.

To sign up for USI-Tech click here!

The Tech Coin

At the time of this post, USI Tech is also in the pre ICO stages of token sale. I know people hate ICO’s but I think if you do your research and diligenceence you can decide for yourself. For me, just seeing how this site was already making people money, then seeing them get a coin and a blockchain was enough to sell me. The tokens are approximately $60 for 100 or 60 cents each. My logic is if this company is already making people money, and Bitconnect’s coin is $250 as of today…if tech coin even reaches half of that I stand to make a small fortune. I will be getting some more of these tokens before the pre ICO is over as well.

If you are interested in tech coin you must be a member, its free to create an account just click here.

I am so glad that I found cryptocurrency. I have always been fascinated with generating passive income, and with the crypto revolution, I am so happy to see new ways to generate it. There are other ways to earn passive income from bitcoin as well but there is also a lot of scams. The same beauty that attracts millennials to cryptocurrency also, unfortunately does attract a few scammers. I have taken the guess work out of these sites and have been paid from each of them. The best part is that with these methods you dont have to wait to see the result. Once you invest money starts trickling back to your account right away.

The BitConnect Experiment: How Much Did I Make Lending on BitConnect

lending on bitconnect

This is part two of my BitConnect experiment. Start by reading part 1 here.

So when we left off I had $1120 invested, maybe I should have stopped there, but everything had been going well so I decided to put up another loan out of pocket. I wanted to see what it would be like if I hit tier 3 interest payments so I decided to go ahead and put up $5,300. I had already invested $1120 so this would give me a total of $6,420 in loans.

You might wonder what made me choose the amount of $5300…well honestly its because I was playing with the BitConnect profitability calculator and I saw that  $5300 loan would generate me a little over $1700 in monthly income.

bitconnect review

The numbers were so good I would be doing my self a disservice if I didn’t give it a shot. Don’t get me wrong the thought of losing this money was heart-wrenching but the risk vs reward on this for me highly favored the reward side. On one hand, the loss of $5300 would be something that I would have to work hard to bounce back from but if these returns were real…well let’s just say this is life changing stuff then.

Depositing The Money

So I had my mind made up I was going to do it. I opened up my Coinbase app(by the way if you sign up for Coinbase here, they will give you an additional $10 in bitcoin when you buy over $100 worth) I noticed something that would put a wrench in my plans. Coinbase has a maximum weekly limit, I had seen this before but somehow forgotten about it. I had a max buying limit of $1250. I would still need to buy $4050 worth of bitcoin but from where? I hopped online to tap into many of the popular online marketplaces such as Craigslist and OfferUp, maybe I could buy bitcoin from someone willing to sell. Listings were scarce and the people I called did not answer the phone. I knew there had to be another way so I did what I always do when in doubt…I Googled. After some research I found out that there were a few BitCoin ATM’s in my area. BitCoin ATM’s look similar to regular ATMs except that convert your USD into BitCoin and send it over to your wallet. I decided to go check one out, my GPS led me to a gas station. I walked inside and asked the guy at the counter if he had a bitcoin ATM. The guy points over to the far corner and low and behold, there it was, my ticket to easy bitcoin. There was only one problem, the fees were astronomical. This BitCoin ATM was charging 20%….Shit! I did the math I needed $4050 that would $810 in fees alone…Yikes.

I left immediately there was just no way I was going to pay $810 in fees, I knew there would be some fee but we were talking about close to $1000 here. I drove home and did some more research. I was able to find a coinatmradar.com.  This site listed the various locations around my city with BitCoin ATM’s and also shared what the interest rate was. After a few seconds of scrolling I located an0ther BitCoin ATM that charged 10%…still expensive but I was willing to pay after all this was all in the spirit of finding new revenue streams and it takes money to make money. That and the fact I was tired of trying to figure it out caused me to go ahead and pay the 10%. There may have been other places cheaper but I found that most of the people who have these BitCoin ATM’s at their business have no idea about anything about them. None of the owner of the stores I had been to could tell me the percentage rate over the phone.

Using The BitCoin ATM

Using the BitCoin ATM was pretty straight forward. It looked like a regular ATM with a touch screen. I was asked to input my phone number so I did. I was then sent a verification text in which I had to type the code that was text to me into the machine. Next, I had to verify my identity the machine asked me to take a picture of my ID front and back. After this was completed I was asked to input or scan my desired destination wallet address.  Now I was ready to insert my money I did so making sure to calculate the extra needed to cover fees. Once this was done they asked was I done and I said yes. I wasn’t given a receipt the screen went back to the start screen and I became a little concerned. I checked my wallet app that I pointed the BitCoin ATM too and saw the pending transaction in the amount I just deposited. I was relieved and left to drive home excited to make the loan. By the time I arrived home the transaction had cleared.

The $5300 BitConnect Loan

I got home transferred the remaining bitcoin to my BitConnect Wallet, the converted them to BitConnect tokens and well then this happened

What kind of returns can you expect lending on BitConnect?

I’m sure that’s what you want to know. What was I going to earn from lending $5300. Well because this loan was over $5010 I hit the third tier which gives me the base interest rate + an additional 0.20%. With daily rates averaging 1%, this translates into a monthly income of $1700 from this loan. This combined with my other loans was giving me approximately $65 per day in passive income. This allowed me to do $100 reinvestments every 2 days as seen below.

A day later I got some referrals and had enough to invest another $200 without adding any money, this thing was compounding fast.

 

After this investment, I had a total of $6820 in loans generating me passive income.

My BitConnect Investing Strategy

Now I’m sure you have heard many people call BitConnect a scam or a Ponzi scheme, and others that will defend it with their lives. Both sides have some pretty solid arguments but I’ll be the first to admit I don’t know. All I know is it works…for now. That being said I spent some time coming up with the safest BitConnect strategy I could think of. I decided that once I hit $7000 total in active loans that I will start withdrawing my original investment of $6420 out of the account. With the total active loans I have, I should be generating near $2100 per month. That said over the next 4 months I will likely be pulling at least $1700 from the profits out monthly until my original investment is paid back. I hope this platform will be around for a long time but all in all I would feel much more comfortable if I knew I was playing with house money. Any remaining money I have monthly will be reinvested but the focus, for now, is to secure the original investment as I think this is the safest BitConnect strategy.

I will continue to keep you updated on my progress with the BitConnect Experiment. If you are interested in joining my team you can earn with me on BitConnect here. I offer strategy and tips for anyone who joins using one of my links. Also, follow these videos or click here to see me on youtube. Like and subscribe and leave any questions or comments in the comments section.

 

 

The BitConnect Experiment: $1,120 Invested my journey to 100K

Hey guys Dave here, for the new readers here, I am an investor and a part-time blogger, and my goal is to educate the masses on the rewards from passive income. I primarily invest in real estate, and frequently discuss my investments that generate money passively. I currently own 5 rental properties you can read about these investments here, here, here, and here.

Now while I do primarily talk about real estate investments, it’s important for you to know that I always keep my eyes open for the next thing. That being said today we are going to switch it up a bit. In my last post, The Bitcoin experiment, I discussed how I recently got involved investing in cryptocurrency. Just a little FYI about me, when I gain an interest in something new I DIVE IN! So after days of research, I came across something called BitConnect. BitConnect is a platform that allows you to lend BitCoin for interest payments. Upon first glance I was uninterested. I looked into peer to peer lending in the past and the returns seemed slow and like a poor use of investment money, I know people who swear by them but you have to invest in things that appeal to your inner investor. So long story short, a few days I found my way back to this site. I had been seeing stories of people making a killing with it. Under further investigation it seemed almost too good to be true people were boasting of incredibly high returns on investment.

I started researching what others were saying about this online. Overall I noticed 3 very interesting things:

  1. There were quite a few people with success stories, some of these people claimed to be making some crazy incomes.
  2. There were also quite a few people during my research phase calling BitConnect a scam. After analyzing these comments I found that all of the people seemed to be speaking from a speculative point and had not actually tried it.
  3. The third and maybe most important thing that I noticed is that upon heavy searching…and I’m a world class googler folks…I could not find one single person saying that they lost money. Seriously, I checked reddit and all the places people can’t wait to complain. How is it that this site has been in existence since 2016 and not one person complained.

 

So how does BitConnect work anyway?

I began researching and found out that this wasnt peer to peer lending at all. This was something much different. After some digging, I discovered BitConnect works by allowing user to lend their bitcoin to a lending bot for a fixed period of time. This lending bot is allegedly very good and takes advantage of the volatility involved when trading bitcoin, and uses your loan to increase buying power.  While your loan is being held, you are rewarded with DAILY interest-only payments, which can be cashed out daily if you want. After your capital has been invested for the designated time you get it back and are able to cash it out or reinvest it. The period that your money is held is based on your investment, the investments have several tiers as seen below.

bitconnect interest tiers

BitConnect interest tiers

As you can see higher loans not only get shorter hold times, but they also as additional percentages as your tier increases.

 

The BitConnect Experiment

How much can you make with BitConnect?

The base percentages paid seem to vary between 0.04% – 1.9% this fluctates daily. Because of this, they implement an ROI calculator that averages the last 7 days to give you a pretty good idea of what kind of ROI you will get, I decided to figgure what kind of return I would get if I invested the bare minimum $100. In 30 days BitConnect claimed I would make $24.30 giving me a 24.30% ROI…what! That’s super high this means that it would take me less than 5 months to get my investment back, in addition to getting my capital released in 299 days. I HAD to try this.

the bitconnect experiment

At this point I was conflicted, we are taught to believe if something is too good to be true it probably is, I believe that…but the word probably is NOT 100%. I decided to give it a shot. The minimum investment was $100, I figured worst case scenario I lose $100.

Investing in BitConnect

The first thing I needed was bitcoin. Since I downloaded Coinbase when I started the bitcoin experiment I was good to go! SIDENOTE: Coinbase is an app/cryptocurrency exchange where you can buy bitcoin using a bank account or credit/debit card. You can Download Coinbase here and if you click this link you get an additional $10 in bitcoin when you spend $100.

Once the $100 worth of bitcoin was in my Coinbase bitcoin wallet, I then had to transfer this my BitConnect bitcoin wallet, and exchange them for $100 dollars of BitConnect tokens. I know this is a lot I’m going to try to post a tutorial on this soon. Once this done I was ready to lend. I eagerly submitted my $100 loan and received instant confirmation. My loan was locked in and I would soon find out if this was something worth being involved with.

The next day I checked my account I had been credited $0.60 not to bad, the next day had an even higher interest payment this time $1.73 this was lining up perfectly with the projection of the 24.30% ROI.

As someone who invest in real estate I can tell you this number is scary that it’s so high. Let’s look at these numbers and see what this REALLY means.

With these interest rates:

$100 = $24.30 per month in monthly interest

$1000 = $243.00 per month in monthly interest

$10,000 = $2430.00 per month in monthly interest payments

Getting excited yet….Ok one more

$100,000 = $24300.00 per MONTH in monthly interest payments….That’s NASTY BRO!

I’m from the real estate game where 100K will gross you around $1400-1600 per month my area. This above example doesn’t even factor in the additional bonuses given for investing in higher tiers.

That’s when it hit me “oh shit….this is real” I had no problem transferring these balances the interest payments were mind, but I needed more so then I started what was later dubbed the BitConnect experiment.

My goal with BitConnect:

My goal is to snowball this thing, first thing first though. I had to at least invest $1010 to get to the second tier. I ran the numbers through the calculator once more

the bitconnect experiment

$278.46 projected profit in 30 days off $1020…again this is insane. Notice the higher ROI due to being bumped up to the second tier.

Here is a video of me making my first $1020+ loan.

so I put my money where my mouth was and waited for the result the next day which I posted below

As you can see the profit is getting larger. With both loans, I am projected to earn close to $300 this month in passive income. I can dig that!

My BitConnect goal is to add loans in $1000 interest over the next 4 months until I have $5000 invested, at this point I should be averaging $1,250 per month in passive income, I plan to reinvest the monthly interest payments until my account reaches 100K…is this realistic….I don’t even know, but I’m gonna damn sure try and I’m gonna document the whole process for you guys to see.

I plan to do a video every 7 days to show updates and profits. I’m calling my goal the 100K challenge, and challenge you guys to go out and see how this works for you as well. I tell everyone don’t go crazy, try it with a $100 and sit back and see how you feel about it. If it works then increase your investments accordingly.

You can sign up at BitConnect here. Its free to sign up and if you use this link I get a referral bonus so that would be super cool 🙂

I encourage you guys to check back to follow my progress!

You guys can also check my progress on my youtube channel here!

5 Best Gadgets For Airbnb Host

Hi, my name is Dave. I am a 33-year-old blogger/entrepreneur and that is building wealth with real estate. I own several rental properties that generate income, you can read about them here, and here. In the last several years I have started hosting my properties on Airbnb, you can read about my experience as an Airbnb host here and how I made over $11,000 in under 5 months as an Airbnb host here. That being said, it’s safe to assume that I have paid my dues as a new host and I can speak from experience when I tell you I know how to make your Airbnb rental better than the rest. I’m going to share with you guys the 5 best gadgets for Airbnb host. If you want to start hosting on Airbnb click here.

5 Essentials For Airbnb Host

Best Thermostat For Your Rental

The Nest Thermostat

best thermostat for airbnb

A good thermostat is one of those “MUST HAVE” items for every Airbnb host. The Nest is that thermostat (Click here to check price on Amazon) Smart thermostats connect to your homes heating and cooling system and can usually connect to wifi to allow remote control from your smartphone. This was essential for me because we live in Florida where it can get pretty hot inside of a house. This meant that in order to have my home at a decent temperature(guest love this) when the guest arrive I would have to leave my unit running full time even if no one was coming for a few days. The Nest smart thermostat was definitely the answer for this. Installation was simple and no different than a regular thermostat but can be controlled by your phone. It has a bright easy to use interface and the guest are usually intrigued with it. Another bonus to the nest is that you can monitor your guest use of your HVAC and even limit the maximum and minimum temperatures.

Best Electronic Lock For Airbnb

Schlage Connect BE469NX

best electronic lock for airbnb

Bottom line and electronic deadbolt lock is a must for Airbnb host. This item WILL pay for itself.  The Schlage Connect BE469NX (Click here to check price on Amazon) is the best electronic lock for your Airbnb rental. This completely eliminates the need to have to meet up for a key. These electronic locks work by allowing you to assign a four-digit code to gain entry. The passcode is required every time the door is closed to get back in. This means that you can lock your door and give new guest the entry code as they arrive. This is less stress on you and less stress on your guest so they don’t have a key to keep up with. Replacing keys can be expensive and as a host I can tell you people lose things all the time.

Best Streaming Devices For Airbnb Host

FireTv Stick or Roku

best gadgets for airbnb host

Maybe I overdo it but in addition to cable, one of my Airbnb essentials is to make sure I have a streaming device in all of my rentals because who wouldn’t want to curl up and see what’s good on Netflix while they were away from home. Roku (Click here to check price on Amazon) and Fire TV stick (Click here to check price on Amazon) are great options but I just usually keep an old school PlayStation 3 with Netflix loaded on it for the guest. That way if they decide to go rent some games from the Redbox they can use it as a console as well.

Airbnb Guest LOVE Alexa

Amazon Echo

airbnb essentials

I’m not gonna lie I LOVE gadgets, but sometimes I can’t justify them for my own home, but as an investment in one of my Airbnb properties, I tend to be more forgiving. The Amazon Echo ( Click here to chek price on Amazon) is one of those things that I probably wouldn’t buy for myself, after all, I have an iPhone with Siri. But there is something about Alexa that my guest LOVE! It’s also great as a wireless Bluetooth speaker or just music streaming in general. We keep ours in the kitchen because it’s always nice to have tunes in the kitchen while you whip up a meal.

The Best Smart Outlet

Samsung SmartThings Outlet

best smart outlet

Smart outlets are a lot like regular outlets with one exceptional difference. The Samsung SmartThings Outlet (Click here to check price on Amazon) is the best smart outlet. Smart outlets connect to wifi to give remote control to its owner. Using a smart outlet with a lamp is a great way to control lights. This is good for making your property look occupied when no one is staying there, and to make sure guest that arrive in the evening don’t have to walk up to a dark ominous rental. Many of my guest with late arriving flight appreciate not having to walk up to a dark house. Most smart outlets can set on a schedule or activated on command via a separate smartphone app.

Conclusion:

Trust me from experience these items will make your time as an Airbnb host easier, less expensive, and efficient. If you found these 5 best gadgets for Airbnb host useful please take a moment to share this post with your friends on facebook. To learn more about how I started building passive income click here.

 

If you found this blog post chances are you are trying to find out how to make a profitable Amazon Affiliate website. Well I’m going to try to help you learn from my own experiences. My name is Dave, I run this personal finance blog where we discuss being profitable. I started this experiment because I’m always on a quest to generate different sources of passive income. My primary source of passive income is from the rental properties I own. You can read about them here, here and here. This is part 2 of what is probably going to end up being several posts long.

Just as a heads up at this point so far I don’t think I’ll be disclosing the specific niche of my website because while I’m sure most of you are nice people, it’s not uncommon for people to study these case studies and try to make a carbon copy of my website which can be bad for a number of reasons. Think I’m being paranoid? Just ask Spencer Haws of NichePursuits. He had an array of issues from being completely transparent with his readers. Spencer is a great teacher for this type of stuff and is highly recommended, but hes clearly nicer than I am haha.

This is part 2 of what is probably going to end up being several posts long. You can read part 1 of the amazon affiliate experiment here. I am creating blog updates once a month to show progress in real time.

So let just jump right into what’s been going on!

How much did I make so far?

I know this is probably what you really want to know so lets start with the numbers so far. Drum roll please……… So far my niche website has generated $30.80. But don’t take my word for it heres some proof.

how to make a profitable amazon affiliate website

Amazon Affiliate Payment Proof

I’m not sure if I was lucky or not but I got my first sale about 11 days in on this project. The item purchased was cheap and had nothing to do with my niche, but the feeling of logging in and seeing your first sale is indescribable.

Some things to note. I actually got 11 sales but only 4 of them have shipped out, so technically I earned over $30.80 but I won’t know the amount until they finished processing. If I had to guest based on the items, I’d say I’d be somewhere in the $50 range.

While $50 is very short of our $500 monthly goal, considering this is only the 1st month I feel confident enough to continue to work hard on this project.

What have I done since last month?

keyword research

I have done more keyword research for my niche. I have found around 5 long tail keywords that I am going to rank for.



Blog comments

I manually scoured the internet for relevant blog post that I could comment on to get backlinks to my site. An important thing to remember when trying to get backlinks this way is that 90% of the time when you leave a comment it will have to be manually approved by the website owner. This is obvious to me because I run this blog. You wouldn’t believe how many comments I get every day that are just spam. They say something to the effect of  “thanks this post was what I was looking for” with a link back to their crappy website. I ignore the hell out of these comments, I don’t want them on my blog so they never get approved. Website owners will usually only approve comments that are obvious that you read the post. I recommend picking something from the post that stood out to you and giving a real opinion. These comments are more likley to get approved thus leaving a link back to your site.

I was able to get about 15 of these approved out of 25 since last month.

Bought some social signals

I bought some social signals.

If you didn’t know, social signals are things like likes and shares, and yes you can buy them. To my understanding, the logic behind this is that google has become significantly more focused on finding “what the people want”, since google can see these signals, buying them makes it look like your website is being talked about and shared. This in turn, helps your ranking improve. I bought 300 social signals from PBNButler. While they were more expensive than Fiverr, where you can get social signals for $5, I find most gigs associated with SEO are absolute trash. What I like about PBNButlers service is that they have a deal  through a mobile app, which requires its users to share random post to continue the app. This means your shares are being distributed by real people, which also means that aside from the SEO aspect of it, you could legitimately attract real interested people.

Created some web 2.0’s

I’m going to be honest. If you are really trying to create a site with a long-term vision in mind, then the best way to get backlinks to your site is through outreach. This is essentially reaching out to other bloggers in your niche and doing guest post and building real relationships. That being said…it can be hard to find people willing to allow you to guest post for a niche site. It can work but it takes some work. For this website however, to help diversify my backlink profile, I created several web 2.0 websites to backlink to my own website. Web 2.0’s are free blogs you can start on websites like WordPress.com or Weebly. The idea here is to sign up to these free blogs and create post that link back to your site. But before you go starting a whole bunch of web 2.0’s and pointing them to your site, we want to make them look like legitimate blogs. create several

Don’t create several web 2.0’s and point to your site right away. You need to treat them as a real blog. Make sure you fill out the profile info, make an about page you don’t need to make it about you, create a persona, the details don’t have to be some intricate story line but the section needs to be there. It is also recommended you make several posts over the course of a week before linking to your site. Make sure that your other post include pictures or a video, proper use of title tags, and most importantly that they link out to other authority sites in the niche. DO NOT link to your competitors, this will boosts their rankings. A good example would be lets say your niche is soccer balls. I would try to find something about soccer on nike.com and link to that. I try to make sure all my post have 2-3 links to high authority pages so that when I link to mine, it will appear that my blog only links to reputable sources. I’m essentially creating and maintaining my own link neighborhood.

Try to make your post on the web 2.0’s decent quality, a lot of people outsource this but I’m cheap so I do this myself. I am still in the process of writing content to these web 2.0’s and its really time consuming. I have a few that are ready for links back to my site but I am waiting over a week before I do so.

Here is a list of web 2.0’s you can use

  • Tumblr
  • Weebly
  • WordPress.com
  • Blogger.com
  • Jimdo.com
  • Bravesites.com
  • Beep.com
  • Puzl.com
  • Webstarts.com
  • Yolasite.com
  • Snackwebsites.com
  • Site.Google.com
  • Joomla.com
  • Jigsy.com

Bought some expired Tumblrs

Pretty much the same info as above. Tumblr is a web 2.0 site, you can buy expired domains with an established backlink profile. This means you can get a domain with a high PA which will help send link juice and improve your sites ranking. This is where the MozBar comes in handy. I always check the stats on these before I confirm purchase. You dont want to buy any that are flagged as spam. Once I confirm these are acceptable, I repeat the process from above making sure that make a few post before linking to my site. I bought some of these from SEOClerks and Fiverr(not the cheap $5 ones). If you don’t want to pay for expired tumblrs you can always get your own by doing a little work. Here is a detailed guide to scraping Tumblrs.



How much have I spent?

When we left off last month, I spent $88 total creating a blog. That included the domain name and hosting. Since then I also purchased a logo for my website. Logos help to make sites look more legitimate, rather than just having a plain text title.

I sourced this out on Fiverr, the quality is ok, its no NBC logo, but it’s good enough. This only cost me $5.

I bought 6 expired Tumblrs. This cost me $36

I bought 300 Social signals. This cost me $14

This brings my total spent to $143 

I have made $30.80 up to this point so as of now I am $143  in the hole.

The plan for next month

Over the next month until our next update I plan to do the following:

  • Add more content to my site. I plan on trying to add one post every 2 weeks.
  • Complete the building of my web 2.0’s and link them to my website
  • Add 5 more blog comments.
  • Try to stop checking my earnings every day(BAD BAD NERVE WRECKING HABIT)

If this post assisted in teaching you how to make a profitable Amazon Affiliate website please share this on social media 🙂

How I Use Referral Codes To Get Free Stuff Everyday





Today’s post is one that is very much in the name of frugality. I’m going to share with you guys my secret to how I get all kinds of free stuff and even make a few bucks here and there sharing my referral codes. Before I get into telling you how I use referral codes to get free stuff every day, let me show you some proof.

how i use my promo code to get free stuff every day

What you are looking at is the email confirmation I get every time someone uses one of my Uber referral codes.

What is a referral code?

referral code is a unique code that when shared allow you to receive credit for any new sign up, that occur from your code.

What companies offer referral codes?

Here is a list of the companies I utilize as well as the perks they offer for sharing your promo code.

  • The Uber referral code

    This is my favorite because I use Uber all the time. When you share your referral code with new riders they get $10 off of their first trip. Once this trip is completed, the person whos referral code was used is also credited $10. I find $10 is enough to get just about anywhere around my city with a one-way trip. If you haven’t yet click here to claim your free Uber.

  • The UberEats referral code

    Same concept as above, except instead of giving you a $10 ride credit for your referral you get a $10 credit towards your food delivery. This super helpful when I’m hungry. If you have not had the opportunity to use UberEats you can find my referral code here.

  • The Lyft referral code

    Lyft much like uber is popular rideshare app. They have the same type of referral program as Uber. Sharing your referral code gets you a free ride up to $10 for you and the person you refer. If you have never used Lyft you can claim your free Lyft ride credit here.

  • The Airbnb referral code

    When a friend travels on Airbnb, you both get $35 in travel credit. If they decide to become host later on you receive another $75 credit. If you can get this promo code out there, you can essentially gain access to free travel accommodations for any city you decide to travel to. That being said if you are thinking about taking a vacation anytime in the near future click here to save $35 through my link when you use Airbnb.

  • The Cashcrate referral code

    Cashcrates Referral system is different. A little background on Cashcrate. I signed up for Cashcrate about 8 years ago. Its essentially a website you sign up to do surveys in exchange for payment. These sites are a dime a dozen but what makes Cashcrate is their referral program. When people sign up using your referral code, you get paid a small percentage for each survey they complete. What really pushes this referral program into over drive is the fact that, you also get credit from what your referrals, referrals earn. This is a cool concept because all you have to do is get 2 or 3 people under your firs tier who really work their butts off promoting and it will trickle back to you for years to come. If you are not already a member of Cashcrate please sign up here.

  • Bluehost Referral Code

    Bluehost has a super popular referral program. This program is popular with people looking to start a new blog because their hosting is very reasonable, and they are a trusted company. For each person that signs up under your referral code Bluehost will send you a payment of $65.

  • Amazon Associates

    Amazon this is one the best referral programs out there, and technically I guess this is considered affiliate marketing. But I’m going to go ahead an explain it anyway. The Amazon associates program lets you list a referral code for any product that amazon carries, then receive a 4% commission of any sales that are a result of your referral link. This can be extremely profitable if done right. To follow my Amazon Affiliate experiment click here.




How I promote my referral codes

In order to get freebies, you have to promote your referral code. This can be difficult if you don’t know where to start. Here are 3 ways that I promote my referral codes.

Promote your referral code on your blog

If you already have a blog your half way there, if not, learn how to start a blog here. Promoting a referral code on your blog is easy but needs to be done properly. People(and google) hate spammy pages. If you want to share your promo code, try to create a post that adds some value to the reader. Simple things like making a post with some explanation how this promo code benefits the reader. You can see an example of this in my article about How to get a free Uber.

This post has generated me over $1800 in free rides within the last 3 months. I literally have 3-4 coming in every day. This has been insanely helpful when…..Ok….I only use them to be lazy, and because it’s free most of the time. But I have used my free uber’s to get to and from airports,when I want to go have drinks and not worry about the designated driver, or if I ever go somewhere with terrible parking it’s nice to have to worry about it. I think blogs have a great conversion rate because you have built up a rapport with your readers.

Another thing I’ve noticed about using my referral code on blog posts as that they seem to attract people for a long time. My Cashcrate referral code has been getting referrals for over 8 years at this point.

Youtube

YouTube is considered the second largest search engine after Google. This means that the amount of potential of people seeing your videos can be endless. Again content is king videos that provide value will always be the most successful. A good percentage of my Uber referrals come from youtube, but it can also be a good place to use your Amazon affilaite referral links. A good way of doing this is by doing testimonials or reviews on products and then linking them in the description. A lot of people promote their referral codes by doing tutorials. A good tip to remember with youtube videos is to name them with the end users search query in mind. Using keywords like ‘How To Get A Free Uber or ‘How to make money on Cashcrate will attract the right type of audience to your videos.

Also, make sure you leave a description for your videos. Not only does this help users, it also helps google to know what your videos are about so that they can place your videos in google search results.

Bulletin Boards

Bulletin boards are a good place to get your referral code out there but have a lower conversion rate.

The best way to maximize your conversions is to convert your referral links into QR codes. This is because if you have a referral link that looks like http://www.cashcrate.com/508624(<~~my real referral btw), people that are interested probably will just go directly to the Cashcrate homepage and you won’t get referral credit. When you make it QR code, as soon as they scan it they are taken to the sign-up screen with your referral info already included. You can do this at qr-code-generator.com as shown below.

screen-shot-2016-11-25-at-7-54-53-pm

Simply type in your referral link then download the qr code.

Once you have the QR code print out  mini cards with a brief explanation of perks of your promo code….

‘Want a FREE ride with Uber?’

then insert your QR code and your good to go.

A few good places to put your referral cards are:

  • Laundromats
  • College campuses
  • Bars and Pubs
  • Grocery Stores

Social Media

Social Media works if you work it. The thing about social media though is you will find better conversions my promoting your referral codes indirectly. This is where having a blog comes in handy. People are more likely to click on a link back to a blog post with a referral code then they are to click directly on one from a tweet.

Sharing my referral code has allowed me unlimited Uber rides, countless referrals, free food, free accommodations, and much more. If you are serious about getting your referral code out there I suggest you try all these methods. The internet is an extremely powerful way to share these links, you want to essentially create a link chain that sends continuous freebies your way. I mean why not?

 

 

3 Things That You Should Avoid When Buying A Rental Property

3 Things That You Should Avoid When Buying A Rental Property





If this is your first time reading I’m Dave. I know buying rental properties can be a scary process when you are first starting out. When I got my first rental property, I didn’t have anyone to tell me the do’s and dont’s of investing. I now have 3 rental properties that you can read about  here, here and here. Over time I have bumped my head a few times, each time learning valuable lessons. From the experience I have gained, I want to share with you 3 things that you should avoid when buying a rental property.

3 things to avoid when buying a rental property

  1. Avoid rental properties in bad neighborhoods

    What is the neighborhood like?

    This is important because the people in the area are generally going to be the type of tenant you can expect. If you go to a neighborhood and you see heavy drug activity, vacant homes, gun violence, boarded windows, and the general consensus that the residents don’t take pride in their envirionment, then the majority of your tenants may be similar.

    This isn’t always the case obviously, as you can find a good tenant for any neighborhood if you know how to find a good tenant, but the chances are much lower. Don’t get me wrong, because of the cheap prices that often tempt new investors, you can make some large returns, but there may be more issues that cause this to be less passive and may be better suited for seasoned investors. Do not get these war zones confused with low-income areas. Investing in low-income areas can yield some high returns and low investment with less hassle. 
    3 Things That You Should Avoid When Buying A Rental Property

  2. Avoid rental properties with Structural Issues

    To me, structural problems are the “head-gasket” of rental properties. If I see structural issues, I make a speedy Gonzales style B-line toward the door. I’ve just heard too many horror stories from investors having to call in and pay structural engineers and you can probably guess its a very expensive process. The problem with homes with structural issues is that once these issues occur, they are usually documented and attached to the homes “permanent record”.

    Therefore this will need to be disclosed when you sell. Even if you shell out the cash needed to properly repair, in most states it will still need to be disclosed. From my experience, homes with these type of reputations generally sale at a fraction of its ARV. Some things to look for to determine structural damage are cracks that appear to be. Another sign to look for is when doors in the house don’t properly close. When houses have foundation issues it’s not uncommon for the alignment of the door and frame to become warped.

  3. Avoid investment properties with severe termite damage.

    While I won’t completely write off a deal with termite damage, it’s important to evaluate both the extent of damage and if there is a current infestation. Sometimes you can catch it early, but even then you should reflect this discovery in your offer.

    Termites can be a hassle to get rid of, and if not properly eradicated, they can literally compromise the structure of your entire house. A great way to check for termite damage is to take a screwdriver and moderately stab around the baseboards and if at any point you put a hole in it, there is probably termites.

    Termites eat the inside of wood so it may appear ok until you do the screwdriver test. Another place you should do this is around window sills. Always call a professional if you suspect termites and let them give you their synopsis. Most termite companies will do a free estimate, so call a few. Make sure you mix it up and call a few corporate places and some mom and pop exterminators. These companies are sometimes just looking for a quick sale so having a few different opinions can give you a general consensus.

There are literally tons of things to consider when purchasing a house for a rental property, so always do your due diligence and be aware. Hopefully knowing these 3 things that you should avoid when buying a rental property will save you some money and headache in the long run. Avoiding these simple mistakes will set you on the best path to start building your passive income.

 

What are some things you avoid when looking at rental properties? Let me know in the comments sections below.



amazon affiliate experiment

The Amazon Affiliate Experiment: Building A Niche Site From Scratch

 

amazon affiliate experiment(Brief background for new readers: My fiancee and I own several rental properties. You can read about them herehere, and here.)

We are about all things passive income, and we are always looking at new side hustles to make it.

So I was browsing Flippa a few weeks back entertaining the idea of buying a website as an investment that would generate passive income.

I want to clarify that I am no expert on buying and selling websites, but the idea is intriguing to me.  

And if there is money to be made, I want to know about it. The truth is a lot of websites turn a profit, and much like rental properties, they can provide consistent passive income with a little bit of maintenance. 

After about an hour of searching the established website section, I began to look at the sold section. The sold section of Flippa shows what sold, and gave me a better idea of what kinds of sites were the most valuable. 

After examining a few of the sites with the most bids, I noticed 2 things.  

  • The first was although there are a few different ways to monetize a website, the ones that used affiliate programs were consistently the most profitable.
  • The second thing I noticed is that the websites that performed best with a substantial return sold for about 7 to 10 times what they earn per month. For example, a website that was generating $1000 a month could easily sell for $10,000.

Most of the affiliate websites were just simple review sites, on WordPress blogs. 

Then I heard it….my brain said to me

Man I can do that….”

Whenever I say that to myself, it’s usually the start of something profitable.

So I’ve decided to create my own niche site using the Amazon Associates affiliate program, and document my procedures on the way.

What is Affiliate Marketing?

Affiliate marketing is a program offered by websites that tracks the purchases of customers that are referred from your website and then issues you a commission for it. For example, let’s say I have a website about Pool table reviews. And let’ say we have a guy…let’s call him Joe, stumbles on to my site and sees a pool table he likes.

Joe clicks on the picture and is taken to Amazon where he completes the purchase. Upon his checkout, I  receive a percentage of that sale.




How much can you make with Amazon Associates affiliate program?

Darren Rowse averages 60K per year with the Amazon affiliate program. I’ve heard of larger entities that are doing $90,000 a month……and that’s not a typo I mean MONTH! 

Here’s the thing though, a lot of people talk crap about the Amazon’s affiliate program because of the low commission. Amazon starts you off at a 4% commission. I know there are literally hundreds of affiliate programs there that pay higher like Commission Junkie or ClickBank, but Amazon has a history of turning window shoppers into conversions.

My goal: To create a niche site from scratch that generates $500 per month within the next 6 months!

Here’s what I’ve done so far:

I already set up an account with Amazon’s Associate program. I did some keyword research and chose a niche.

As of 10/16/16 I have also purchased weeb hosting and a domain based on the niche I chose(I keeping this a secret for now:). I spent $100.

10/17/16 I started a blog. If you want to learn how to start a blog click here!

I decided my site will be a review site for products in my niche. I chose a review site because people who are looking for reviews on the internet are in “buy mode”.

I created a front page and loaded it a comparison table with 15 products from my niche. The front page also gives a little history on the product and narrows down the top 3 products that I will be recommending as the best options

What I plan to do over the course of the next month:

Do keyword research and generate a list of 10 keywords that I can rank for that will attract buyers. Keywords with things like “Best + your niche”, “your niche + review”, or “your niche + buyers guide” tend to be popular for people looking to buy. The more specific you can be the better.

You can rank your website for keywords by creating a blog for your website and creating articles on those topics. For example, if you had a niche site about survival backpacks, some things you might want to rank for and subsequently create articles about are:

“Best Survival Backpacks”

“Survival Backpack Buyer Guide”

“Best Survival Backpacks for 2016”

etc.

For each keyword you want to rank for, you need to write a unique article. This takes time. You can outsource this on Fiverr, but sometimes the quality of articles can be either poor or contain broken language. You can get higher quality articles from sites like Odesk and Freelancer, but these sites will likely charge you more.




SEO

SEO or search engine optimization is super important for this project. SEO is what determines how well your site ranks within google. Sites that make it to the first page of google are rewarded with tons of targeted, organic traffic. Targeted organic traffic = Buyers

Targeted organic traffic = Buyers!

Before I get into the gritty details of SEO, I checked to see which sites from my niche were ranking on the first page of google. My browser has the Mozbar installed so I am able to tell from a google search which sites are weak, and that I could potentially outrank.

Sites with low DA and PA or domain authority and page authority and few backlinks can usually be outranked.

The result was that there are a few competitors with low DA and PA, so I’m hoping I can outrank them soon. 

With the Mozbar you can also see how many backlinks your competition has as well as where they come from, so if they are something like blog comments or article submissions, you can copy their strategy.

I’m not going to lie, I’m probably going to buy some backlinks. A lot of SEO experts advise against buying links, but I’m not talking about the crappy 99,999 backlinks for $5 package on Fiverr. I plan to create a diverse backlink profile consisting of the following:

  • Add my site to the google console. What better way to get google to notice us, than to register within their program.
  • Buy a logo for my website from Fiverr. I’m no photoshop expert, and it’s only $5
  • Submit my site URL to google and bing. Make sure they know about me.
  • Create social media branding. I am going to open a twitter account and create a facebook page for my review site.
  • Make 15-25 blog comments. I plan to do this myself, making genuine comments on blogs that are relevant to my niche. I am not going to spam my link, I will just link my website through my name. I don’t want to outsource this because I want my comments to get approved and I don’t want comments on irrelevant blogs.
  • I am going to write 10 articles, likely individual reviews for the products from my home page.
  • I am going to buy  5-10 guest post on relevant blogs
  • Buy some article directory submissions. I plan to outsource this.

 

The Budget: $500

What I’ve spent so far!

Ok so remember my goal is to make $500 a month, and websites generally go for 10 x more than its monthly income. I say all that to say I am looking to create a site that I would have spent $5000 on. So far I have spent $88 on hosting and my domain name.

 

Final thoughts:

I know creating niche amazon affiliate website can be difficult and ranking takes time. I plan to update this once a month but since ranking can take time, it may be boring for the next few months….hang in there with me 🙂

I am going to have to spend some more money on SEO and a logo to make my site look good.

 

Have you experimented with affiliate marketing? Do you have some good strategies? Are you a newbie looking to learn?

Let me know in the comments section below.

 

financial goals to hit before 30

9 Financial Goals To Hit Before 30

financial goals to hit

Setting goals is  the best way to ensure a successful life. 

We set goals for everything from everything from grade-point averages to relationships.

In high school, they don’t stress that importance of setting financial goals, which is why so many people have no idea what’s going on when it comes to personal finance.

Full disclosure some of you will discover this list after 30...Don’t panic, it’s never too late to start achieving financial goals.

Here is a list of financial goals to hit before 30

1. Get a job or consistent side hustle – There’s no short cut here. The only way to achieve your financial goals is by having a source of income. 

I honestly believe that when you start out young, it doesn’t matter what kind of job you have. With a clear financial plan it’s possible to achieve your financial goals. This is much easier to do when your young but anyone can do it. Don’t let the inability to find a job stop you, here are 26 side hustles that you can start today.

2. Learn financial discipline – This is a difficult task for some people. Growing up we didn’t have a lot of money so it wasn’t hard for me to live frugal. This is one of those things that can be hard depending on what your used to. Make a list of your expenses go over them and see what you can weed out to save you money where you can. It can suck to get store brand potato chips, but over the course of a year savings can really add up. I have friends that always need all the newest clothes, the newest shoes, designer everything. Don’t get me wrong I like fancy shit too, but as an outsider looking in I see it’s causing slow financial death for them.

To clarify, there is nothing wrong with having nice things, I like them too, but there is a time when you can afford it.

Instead of buying the newest pair of $200 designer jeans every month, consider spending half the amount and putting the remainder into a savings amount.

You will have accumulated enough to start making investments sooner than later.

It’s a cruel irony that most of the crap that you want to blow money on when you’re young matters less when you’re older.

3. Pay off debts – I know people that went to high school with me that’s are constantly dodging Sally Mae. Pay off your student loans. Don’t be the person who’s still dodging creditor calls in their mid-30s. Be proactive in your 20s so that you aren’t paying off student debt into your thirties. Pay more than the minimum monthly payment and look into consolidating and refinancing to better terms. But only consolidate if you don’t need income-based repayment or if you are working towards forgiveness. Know what delinquencies are on your credit report. Dispute negative remarks first and see what you can get to fall off, then pay off the rest!

4. Pay off credit cardsPay off your credit cards, and stop maxing them out.  Your credit to debt ratio is a high impact factor on your credit score so it’s a good practice to keep this ratio under 30%.

5. Buy an affordable house – This is one is crucial. I don’t know what about human nature causes this, but when people start making decent money, they feel compelled to go out and get the most expensive house they can afford. It actually makes me cringe when people do this. Unfortunately when people budget for their homes, they don’t factor investment savings into the mix. If possible, duplexes make great first investments.

6. Pay off your first house – Because you have exercised financial responsibility and you lived frugally, bought an affordable house that allowed you to save weekly, you have probably built up a nice little savings. Once you have enough pay off your house. The average person will be paying off their first house for 30 years.

Paying off your house is the first small but powerful step to financial freedom.

Your living arrangements are usually your biggest expense, and aside from your insurance and taxes you have completely relinquished that burden from your financial responsibilities.

Paying off your home unlocks approximately another 30% of your income that you have access to, but before you get to too excited and head off to the Louis Vuitton store, Consider that extra cash as part of your new savings for our next financial goal.

7. Purchase rental property – You’ve paid off your first home, you have extra savings rolling in now what? Now it’s time to start making some additional income. Your not worried about trying to figure out which activities you will have to eliminate to cram in a second job because you’re ready to start building passive income with rental properties.

If your saving is good sometimes you can find a home that you can pay cash for. If not most investment loans only require a 20% down payment. A good way to quickly calculate the down payment cost is to expect approximately 20k toward the down payment for every 100k. 

Since your first home is paid off and you don’t have to worry about rent payments, you will find it gets easier and easier to save up for down payments.

Duplexes make great first investments.

8. Actively raise credit score – After you have repaired your credit. It’s time to start actively making it better. Use your credit cards frequently but rather than using it as a clutch, think of using your credit card as a credit-boosting tool. 

By creating a credit card spending plan, and making sure you never exceed a 30% debt to credit ratio, your credit will begin to steadily rise.

Also be responsible and don’t get subscriptions from to services you can’t afford, and when you do make sure that you are paying on or before your due date.

9. Know your credit score – Get an account at Credit Karma. The best thing about Credit Karma is that it constantly keeps up with your credit score without adding harmful inquiries to your credit report. Download the app. Get into the habit of checking your credit score at least once a month.

Don’t be the type of person that never knows what’s going on with their credit. 

Hint::
When someone runs your credit you shouldn’t be as surprised with your results. And try to avoid 

 

These goals are not easy to hit but if you focus, and you can hit most of these goals by the time you turn 30, you will be on the fast track towards an early retirement.

How many of these goals have you hit? Let me know in the comments section below and don’t forget to subscribe 🙂