The stress of parenting through a global pandemic may have you feeling inadequate or stuck. Luckily, these best parenting books empower, create inspiration, and guide you to form a better bond with your child — even if you have a teenager or an adult child. Becoming a better parent regardless of life stage is something that every parent should strive for. Best Parenting BooksThe overwhelming number of parenting books makes it difficult to find the best fit for your family, situation, and life stage. In general, the best books are based on both research and experience. It should have a collection of parenting lessons and foundational parenting philosophies. Type of Parenting BookMost parenting books have a specific focus that helps you narrow down your search. Some books focus on the child, while others offer support for the healing or growth of the parent. For instance, the best books for first-time moms won’t be helpful for a parent struggling with a teen’s behavior. When choosing a parenting book, decide if you are hoping to improve communication, troubleshoot discipline, or understand child development. The books below cover various topics that serve as a starting place for your search. Parenting Based on AgeEvery parent knows how different parenting becomes as their children enter new stages of development. While some parenting books offer concepts that you can apply to any age, most target specific age groups. Understanding strategies and development concepts specific to your child’s age is one of the most critical factors in choosing a parenting book. Target age groups include:
Best Parenting BooksHow to Talk So Kids Will Listen and Listen So Kids Will Talk (The How to Talk Series)If you’ve been window-shopping for the best parenting books for some time now, you’ve probably come across this book by Adele Faber and Elaine Mazlish. The good news is that it lives up to the hype. Each book contains simple but effective lessons about encouraging cooperation, building autonomy, and validating feelings. Moreover, the authors’ principles build the confidence you need to tackle sibling rivalry or mischievous behavior at the moment. The chapters are illustrated with playful cartoons and give you thought exercises to apply the concepts. There are age-appropriate versions of this book for toddlers, school-age kids, and teenagers to keep you covered throughout your child’s development. No-Drama Discipline: The Whole-Brain Way to Calm the Chaos and Nurture Your Child’s Developing MindAs parents themselves, Daniel J. Siegel and Tina Payne Bryson understand the struggle of disciplining a child. Unlike the rest of us, they are also experts on brain development and have applied that knowledge to parental discipline. The charming illustrations and real-life stories bring their practical strategies to life. While their discipline techniques are gentle, they emphasize the importance of boundaries and accountability. This book is beneficial if you feel stuck in a negative pattern of relating to your child. It uses techniques that encourage connection, loving touch, and validation to empower you to begin new ways of relating. “No-Drama Discipline” also provides age-appropriate explanations of brain development for children to give little ones a dose of self-understanding. The Whole-Brain Child: 12 Revolutionary Strategies to Nurture Your Child’s Developing MindThe authors of “No-Drama Discipline” once again combine their parenting experience and knowledge of brain development in this easy-to-read book. They help you understand why your little one is having a meltdown over little things like wearing a swimsuit and offer strategies for dealing with tough behavior. Even better is the page of strategies to put on your refrigerator. Reminders like “Connect Then Redirect” or “Name It to Tame It” are lifesavers during a heated parenting moment! While these strategies target school-age children, the authors offer ideas for applying them to younger children and teens. Raising Good Humans: A Mindful Guide to Breaking the Cycle of Reactive Parenting and Raising Kind, Confident KidsAre you trapped in a cycle of chaotic responses to your kids? Using Hunter Clark-Fields’ mindfulness principles, you’ll have a road map towards cooperative and authentic relating. Rather than offering specific tips or strategies, Clark-Fields encourages us to change our underlying philosophies about parenting. A crucial part of this is looking at your childhood and healing any wounds still impacting you. Once you begin this work, you can relate differently to your children. You may even find that the principles of mindful parental communication transform other relationships in your life as well. Peaceful Parent, Happy Kids: How to Stop Yelling and Start ConnectingHaving a harmonious and healthy home life without using punishments or imposed consequences feels like a pipe dream. This utopia is precisely what Dr. Laura Markham advocates for in her groundbreaking book. Her guidance is based on sound research and presents what may be an unfamiliar vision of parenting. Dr. Markham uses cutting-edge neuroscience to find the emotional source of your kids’ challenging behavior. What’s unique about this book is the step-by-step examples offering specific language that will resonate with kids of different ages. You might be skeptical at first, but these strategies work. The Conscious Parent: Transforming Ourselves, Empowering Our ChildrenFrom the start of her book, Dr. Shefali Tsabary challenges you to turn your notions of parenting upside down. “The Conscious Parent” proposes that our children show us our truest selves through our relationship with them. Dr. Tsabary focuses on parents, and you may find yourself wincing in recognition at some of the points she makes. However, the more you work through these painful truths, the more you give your children the freedom to become their authentic selves. “The Conscious Parent” provides reflection exercises to give you a start in working through your healing. NurtureShock: New Thinking About ChildrenPo Bronson and Ashley Merryman spin an unexpected parenting book that shocks and enlightens. NurtureShock upends conventional childrearing wisdom about topics like language development, interracial friendships, and truthfulness. Each chapter is based on reputable and up-to-date studies and unpacks the data in an accessible way for parents of any background. While some concepts may unsettle you, they are crucial to understanding the reality of modern parenting. “NurtureShock” causes us to look beyond our preconceptions, making it one of the best books for new parents. Parenting: 14 Gospel Principles That Can Radically Change Your FamilyWhile some faith-based books keep their parental guidance abstract, Paul David Tripp brings practical applications for theology in “Parenting.” He suggests that Christian parents go beyond a preoccupation with their authority and instead parent out of grace. What makes this one of the best Christian parenting books is its emphasis on you as a parent. Instead of teaching your children to follow a set of rules, Tripp presents a series of attitudes and values that will affect your family at a heart level. You must get your own heart right before you can model Christ to your children. It’s a refreshing contrast to rule-based Christian parenting and offers you a better relationship with your children and your faith. The 5 Love Languages of Children: The Secret to Loving Children EffectivelyYou may have heard of Gary Chapman’s love languages and found them meaningful for your own life. Chapman’s book for parents takes those concepts and applies them to the nuts and bolts of how children receive love. If you are a parent to two or more kids, it can become overwhelming to learn their individual needs. This book is key to identifying your child’s specific needs and being receptive to their love. Chapman even offers ways to integrate love languages into discipline. The New Dad’s Playbook: Gearing up for the Biggest Game of Your LifeOne of the best expectant father books comes from an unexpected author: Benjamin Watson, a player for the Baltimore Ravens. Despite his unique position, Watson’s guide for fathers is deeply relatable as he leans heavily on his own parenting experience. He uses the football season as a metaphor for the steps and stages of being a father. The strength of “New Dad’s Playbook” is its kind guidance for being both a better father and a better spouse. The Teenage Brain: A Neuroscientist’s Survival Guide to Raising Adolescents and Young AdultsIt is tough to understand what is happening in your teenager’s brain when he or she acts irrationally. Dr. Frances E. Jensen tackles this mystery in “The Teenage Brain,” and her insights create one of the best books on parenting teenagers. The human brain experiences major changes during adolescence, and understanding those developments is key to connecting with your teenagers. Dr. Jensen doesn’t shy away from presenting cutting-edge neural research but always makes it understandable to parents from any background. Most importantly, she offers practical suggestions so you can support your teen’s emotional and physical development. ConclusionWith everything going around the world, it may seem impossible to have a meaningful bond and honest communication with your child. Before it’s too late, give these best parenting books a shot. Before picking up a book, remember to think about your parenting goals and consider your child’s age. Happy reading and parenting! source https://arrestyourdebt.com/best-parenting-books/ Via https://arrestyourdebt1.tumblr.com/post/675087389561110528
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How much house can I afford? That is a question many home-buyers ask themselves when they are in the process of buying a new home. Purchasing a home is one of the most significant investments you will make in your lifetime. You must take the time to define a budget and carefully evaluate your financial situation before you start looking for your new home. This post will explain the most important factors to consider to make the search for your home more accessible. How much house you can afford to buy depends on various factors, including your income, the size of your down payment, any existing outstanding debts, and your mortgage interest rate. Here are the five key factors you should consider when determining how much house you can afford. We will go into details for each further below.
1. How Much Down Payment Do I Need To Buy a House?The first step in calculating how much house you can afford is determining the size of your down payment on the house. The required down payment amount will depend on various factors, including the terms your mortgage lender mandates, the type of mortgage loan you get, and how much money you have saved up. While many first-time home-buyers would like to think they can buy a home with no money down, this is rarely the case. To avoid paying for mortgage insurance, you will need to save up at least 20% of the house’s purchase price. For example, let’s say you have $40,000 saved up for a down payment. Assuming a conventional mortgage at 20% down, you can aim for a home purchase price of $200,000 if your income and credit score support the mortgage of $160,000. There are, of course, other factors that may bring that number down, such as closing costs and interest rates. We will get into those details further below. 2. What are the Various Types of Mortgage Options?There are several types of mortgages, including 30-year fixed-rate loans, 15-year fixed-rate loans, and adjustable-rate mortgages, where the interest rate changes after every 3 to 5 years. Talk to your lender about all your options. The most popular type of mortgage is the conventional 30-year fixed-rate mortgage because it allows borrowers to have low monthly payments while still paying off their homes in a reasonable amount of time. What If I Do Not Have a 20% Down Payment Saved?If you don’t have enough saved up yet, options are still available.
As you can see, various mortgage options allow you to put down little or no money upfront. Before you jump into it, ask your lender to calculate and provide a comparison of the total costs of choosing one option over the other. Most often, conventional mortgages with a 20% down payment will end up costing you less over the long term. 3. What Numbers and Ratios are Important to Mortgage Lenders?Now that you have decided on your down payment and mortgage, the next step in calculating how much house you can afford is to figure out your debt-to-income ratio (DTI). This number is significant because it shows lenders the percentage of your income allocated to debt repayment every month, including your mortgage payment. Some home buyers get discouraged by their net worth, but it is essential to know that average net worth varies based on age and various factors. So while it is critical to understand how to calculate and compare your net worth against others for financial planning purposes, it is not critical for lenders. Rule of 36%A debt-to-income ratio greater than 36% is considered high-risk for lenders and may make it difficult for you to get the best interest rate. Lenders want to make sure they’re not lending more money than you can afford to pay back, so they’ll look at your DTI along with other factors such as your credit score. So before you head to your bank, do a little math to calculate your DTI and ensure you will qualify for a loan. Calculate Your Debt-to-Income RatiosThere are two ways to calculate your debt-to-income ratio: the front-end ratio and the back-end ratio.
Lenders typically prefer that you keep housing costs (front-end ratio) lower than 28% of your monthly income and your total expenses below 36%. So if you make $3,000 a month, they want your housing-related costs to be no higher than $840 and overall expenses no higher than $1,080 a month. Credit ScoreAnother critical part of determining how much house you can afford is calculating how much monthly payment you can afford, which is based on the interest rate on your mortgage. Lenders will usually provide a mortgage at lower interest rates for those with a high credit score. Your credit score is determined by your ability to repay a loan on time, using information compiled from various sources, including public records and your history of paying back loans and credit card balances. You can raise your credit score by paying all your bills on time and avoiding maxing out any payment cards. If you have a high balance relative to available credit, this will negatively impact your credit score. There are many other ways to raise or maintain your credit score. Click here to see a list of factors that may affect your score. 4. What Are Closing Costs and How Much Money Do I Need for Them?In addition to your down payment, you will also need to pay closing costs. Closing costs are taxes and fees charged by the lender and other parties involved in the home purchase transaction, such as title companies, lawyers, and escrow agents. You may also have to pay appraisal fees and additional fees required by state law. A rule of thumb is to budget at least 1.5% to 2% of the purchase price for closing costs. It’s also crucial that you understand what portion of these costs are included in your loan or paid upfront because this affects how much money you will have available at closing time. For example, if your lender charges $3000 in closing costs and you’re required to pay $1000 upfront, you will only have $2000 available at closing. 5. What Is the Impact of Taxes and Insurance on How Much House I Can Afford?The last step in calculating how much house you can afford is considering other factors such as property taxes and homeowners insurance rates in your area. These two costs can vary drastically from one city to another, so it’s essential to do your research before settling on a final number. How To Get Ready: Budget and Get Your Credit in OrderAfter you have done the calculations above, it’s time to get ready by plugging any gaps in your savings, credit score, ratios, etc. Start by creating a budget and getting your credit in order. Next, decide on an amount you can afford to spend each month and then create a budget that allows for this while also paying down your debts. If you don’t already have one, open a savings account or use an automated savings app so you can start saving money toward a down payment or emergency fund in case of unexpected expenses when buying a house. Final WordsConsidering all these factors together will give you a reasonable estimate of how much house you can afford. If the number is too low for comfort, consider spending less on other expenses to help pay down your debts faster or take up some side hustles to increase your income so that you can finance more of your home purchase with cash instead of debt. If you are still unsure about how much house you can afford, plenty of online calculators will do the math for you. Just enter all of your information accurately to get the most accurate number possible. Buying a house is a considerable investment, so it’s essential to do your research and get the best deal possible. Follow the steps above, and you will be on your way to finding the perfect home for you and your family. source https://arrestyourdebt.com/how-much-house-can-i-afford/ Via https://arrestyourdebt1.tumblr.com/post/674992996251582464 When you’re driving away from the dealership in your brand-new car, you’re probably not asking yourself, “Does buying a car help your credit score?” However, that’s an important question to answer. Let’s find out how your credit score could be impacted by signing that car loan. Top Ways Buying a Car Affects Your CreditBuying a car has the potential to increase your credit score, but it can also go the other way and drop. How are you to know? It all depends upon when and how you make the payments for your car loan. To find out if you can afford a car or not, consider if you can make timely payments, which will result in your credit score going up. However, if you cannot make payments on time or even miss a few, you will see a negative impact on your credit scores. If you’re wondering if buying a car helps your credit, then we’re here to make things clear. Here are a few ways your credit score is affected when you decide to buy a vehicle. Hard InquiryWhen you apply for a car loan, the first course of action your account goes through is a hard inquiry. Unfortunately, a hard inquiry will lead to an automatic lowering of a few points of your credit score for a couple of months. The good thing is that even though your car loan application gets forwarded to many lenders, major credit bureaus will all count as a single inquiry. A new inquiry usually forms when a lender takes a peek at your credit history. Some of the newest systems don’t even consider inquiries for auto loans at all. Acquiring DebtOnce you buy a car and acquire a loan for it, your credit report will reflect the additional debt that will impact your credit score. As soon as the debt is accepted, you will see a drop in your credit score as your liabilities increase. Depending on the price of the car and the loan amount, the fallen points may vary. That is because you haven’t made any payments yet. The drop in score is mainly due to the uncertainty regarding your ability to pay off the debt in time. Making Timely PaymentsPayment history is one of the most significant factors that affect your credit score. By making timely payments, you can enhance your credit score. As you continue to make these payments, your credit score will increase steadily. Most of the time, this increase will trump the initial drop in the score and ultimately help you make your way towards a good credit score. Managing Your Credit MixWhen you apply for a car loan, lenders can see a credit mix on your credit history. Your credit mix is the different sorts of credits you have, such as revolving credits, installment credits, and more. Your ability to manage a mix of various types of credits proves that you are creditworthy and will give your credit score a positive boost. Most individuals already have ongoing revolving credit, such as using a credit card, affecting your credit utilization. Adding an installment credit in the form of a car loan and successfully paying it off in time will lead to a positive impact on your credit score. Where To Find Auto Loans on Your Credit ReportAlthough sometimes, your auto loan might be missing from your credit score due to the infancy of the loan. Another reason is if the three major credit reporting bureaus, Experian, TransUnion, and Equifax, haven’t yet updated the loan information on your credit score, usually because the lender hasn’t forwarded the information to the credit reporting agencies. However, if you are looking for auto loans on your credit report, the place to consult would be the Industry-Specific Score. What Is an Industry-Specific Score?When applying for a loan for specific purposes such as the purchase of a car, student loans, mortgages, and more, FICO will help you. They provide you with Industry-Specific Scores that will help the lenders decide on the loan terms, such as the future installments and interest rates. The FICO Auto Scores reflect your credit behavior in terms of any loans you have acquired and your management history concerning such loans when it comes to your auto loans. The score ranges from 250 to 900. If you have a bad Auto Score, your future auto loans will have unfavorable terms such as increased interest rates and higher monthly installment payments. How To Make Sure Your Credit Is Ready to Buy a CarBuying a car and taking on a car loan is a big financial responsibility, and you should have adequate preparations if you are planning on going along with the decision. Here are a few quick tips to help you get your credit ready to buy a car. Check Your Credit Report and ScoresAlthough you might be able to get an auto loan with less than perfect credit scores, you might get charged higher interest rates. So, by checking up on your credit, you will know where you stand regarding auto financing. Pay Bills on TimeWhether you want to buy a house, a new car, or plan to refinance, you should always consider paying off your bills on time. That is because your payment score makes up for the most significant part of your FICO score. Making up for 35% of your total score, if you want to improve your FICO scores, you can do so by taking on under-the-table jobs to pay off any late payments that are currently due. However, when you have multiple bills to pay off, it is only human to forget a few due dates. That is why it is advisable to set up automated payments for your bills or set up reminders or alarms on your phone. Pay off Credit Card DebtThe first order of business to improve your credit score is to repay your credit card debt, thus lowering your credit utilization ratio. The most optimal credit utilization lenders hope for is 30% or less. High credit utilization scores enhance the risk level you carry in the eyes of lenders, which makes them more concerned about you as a borrower. Additionally, a low credit utilization will lower the debt-to-income ratio, which is also a good indicator of your credit history to the lenders. Apply for Credit Only As a Last ResortAs mentioned above, an auto loan can lead to a hard inquiry placed on your credit report, lowering your credit score. Although the effects of an inquiry only last for a few months, if your credit report shows multiple inquiries in the same timeframe, you can be considered a credit risk. The best way to avoid this is to get your auto loan pre-approved before you start comparing lenders’ rates, as they make an inquiry every time a lender views your credit report. However, in the case of a pre-approved loan, the credit scoring models will treat all inquiries as a single one. Therefore it’s advisable only to set up a line of credit if necessary. Dispute InaccuraciesNever settle for anything when it comes to your credit scores, and if you feel like there are any inaccuracies on your credit report, you should address them. To do this, you can start a dispute regarding the item you think has been inaccurately recorded. Filing a dispute will not affect your credit score. But it might help you enhance it when you were right, and there were discrepancies present. For example, you made a timely payment, but the lender failed to report it on time, and it shows up on your credit report as a late payment. In such a case, filing a dispute will help you get your credit scores back to where they are supposed to be. Save Up for a Down PaymentA down payment is a payment you make at the start of financing your car. At least a 10% down payment is necessary to be made to finance a car. One of the reasons why saving enough money is important is because a larger down payment will help you lower your interest rates, monthly installments, and less risk of defaulting on the loan. Fast Ways To Build a Positive Credit ScoreIf you have decided to finance an automobile but want to improve your credit score, here are a few quick fixes that will help you enhance your credit score. Ask for Higher Credit LimitsWith a higher credit limit, you will have the same outstanding balance. The total credit increases will help lower your credit utilization ratio and instantly enhance your credit score. Although getting a higher credit limit can be difficult, if you have experienced an increase in your income, you have a high chance of getting an increased credit limit. Authorized UserIf you know someone who has a good credit history, ask them to have you added as an authorized user adding their account to your credit report. The best part about this is that you won’t have to use their card or even know the bank account to increase your credit score. It allows you to benefit from their payment histories and use their credit limits to lower your utilization ratios. Collection AccountsPaying off your collection account will mitigate the chances of getting sued over a debt. You can also report to the collection agencies to stop registering the debt as you have paid it off. When checking up on your collection accounts, ensure that everything is in order and the recorded charges aren’t inaccurate or too old to be on your report. Secured Credit CardsAnother way to enhance your credit score is to use a secured credit card. This type of credit card is backed by a cash deposit, which gets paid upfront, and the money you use gets taken out of this deposit. Credit MixA user’s ability to manage a credit mix reflects very positively on your credit history. Most people already have a revolving credit set in place, as most have a credit card. To get a credit mix going, consider getting a loan on top of that and make timely payments. That will represent you as a person capable of managing their debt, adding to your overall credit report. Frequently Asked QuestionsCar loans can be a tricky business, and you must have some questions regarding them. Here are a few frequently asked questions that might be able to help. Should I Buy a Car with Bad Credit?Buying a car with bad credit is possible. However, the interest rates offered to borrowers with bad credits are much higher, leading to them paying more than the conventional interest rates. The lenders would look at your credit history, and if you appear to have bad credits, you get the high-risk credit borrower label. How Much Will My Credit Drop If I Buy a Car?Although it isn’t guaranteed that your credit drops after buying a car, you often experience an initial dip. An inquiry on your account to acquire a car loan causes this dip. A hard inquiry can lower your FICO points by a total of 10 points. That will change once you begin making payments against the debt, and there remains uncertainty around your ability to repay the debt. After you have made a few timely payments, you will be able to recover from this deficit in your credit score. source https://arrestyourdebt.com/buying-a-car-help-your-credit/ Via https://arrestyourdebt1.tumblr.com/post/674910010082574336 One of the most important things in life is making sure you have steady streams of income. You can use several different passive income ideas to generate regular income without actively working for it. Passive income can be a great way to build wealth over time, and it’s an excellent option for those who want to earn money without sacrificing their day jobs. It can come from many sources, such as stocks, bonds, rental properties, or royalties. The best part about passive income streams is that it requires little maintenance once set up properly. Passive income opportunities are not strictly exclusive to the rich, so there are opportunities for anyone interested. All you need to do is to have a passive income source that can cover your basic needs so you can live comfortably. So if you’re looking for some extra cash flow, check out these ideas and see if any of them would work for you. What Is Passive Income?Passive income can be defined as the flow of money that you regularly receive with little or no effort required to maintain it. There are many different examples of this kind of generation. These passive income opportunities allow you to earn money without working for it daily. As a result, they can provide a great way to supplement your regular income and be a significant wealth source over time. The beauty of passive income is that it gives you the freedom to do what you want with your time. You can use it to invest in other opportunities, spend more time with family and friends, or travel the world. All it requires is a little bit of your time and effort in setting everything up correctly. Once these passive income opportunities are created, they will provide you with a great source of income for the long run. Some forms of passive income are more common than others, but they can come in many different shapes and sizes. For example, one popular way to generate passive income is through rental properties or real estate investing. This kind of opportunity will require an initial minimum investment when buying your property, but the rent checks will keep coming in every month once it is set up. You can also invest and grow your money passively through dividend stocks or mutual funds. This option requires some capital to start with, but passive income strategies could help you build substantial wealth over time. How Many Income Streams Should You Have?You can have as many passive income sources as you want. However, it’s important to remember that quality is more important than quantity. You don’t want to spread yourself too thin and end up with multiple streams of income that are barely generating any revenue. Ideally, you should have a few solid passive income sources to cover your basic needs. This will give you the freedom to live life on your terms, without the added stress of having to earn money every day. Passive Income Ideas For BeginnersIt can be challenging to know where to begin if you’re starting. That’s why we’ve put together this list of ideas that are perfect for beginners that requires minimum investment. These passive income opportunities don’t require a lot of money or experience and can be a great way to get your feet wet in the world of online entrepreneurship. 1. Affiliate MarketingAffiliate marketing is a great way to make money online with little effort. You create a website or blog and integrate affiliate links into your content to earn commissions when people purchase the products that are being advertised. This is one of my favorite passive sources of income because it doesn’t require much work on an ongoing basis, but if done properly, it can be a great way to monetize your blog. 2. Paid SubscriptionsA paid subscription model is where users have to pay regularly to access exclusive content or services on your site. For example, an online magazine may offer monthly subscriptions for readers who want early access and additional features like printable PDFs. This is a great way to generate revenue from people who are already interested in your content. It can work with just about any site or blog that offers valuable information ongoing. 3. Freelance WritingIf you have strong writing skills, another option for making money online is freelance writing. You can create your content and sell it to other businesses or blogs with this strategy. Again, you’ll have the freedom to find work on whatever topic you choose, giving you a great deal of flexibility when it comes to deciding how much time and effort goes into each assignment. 4. Peer LendingPeer lending is a relatively new way to invest money and generate passive income. It’s also known as social lending, peer-to-peer (PTP) lending, or crowdlending. Peer lenders are individuals who have the extra capital that they want to earn a better return on than what is offered through traditional forms of savings accounts or CD investments. Many people are hesitant to invest in this type of opportunity because there is some risk involved, but if done correctly, it can be a great way to generate steady income over time. 5. Domain FlippingDomain flipping is the process of buying and selling domain names for profit. This can be a lucrative business venture, but it’s important to remember that it takes a lot of research and hard work to be successful. You’ll need to find high-value domain names that are in demand and then sell them for a higher price than you paid. It’s also important to have a solid marketing strategy in place so you can generate traffic and leads from potential buyers. 6. Sell PhotosStock photography has become a popular way to generate passive income online. If you have a nice camera and other equipment, you can take photographs that others are willing to pay for. Sites like iStockPhoto, Shutterstock, Fotolia (now Adobe Stock), and Dreamstime offer attractive commissions of 50% or more, which means your photos could earn great money with very little work from you. With this tactic, you sell the rights to other businesses or people who want to use your image on their website or in a blog post. If done properly, this can be one of the highest-paying sources of online income and can be a great way to make some extra money on the side. 7.Selling eBooksIf you have expertise in a particular topic, another option for passive income is writing and selling an eBook. Writing eBooks can be a great way to share your knowledge with the world and generate revenue from people interested in what you have to say. You can either create your eBook from scratch or repurpose content already on your blog and sell it as a Kindle book. 8. Ad NetworksAd networks like Google Adsense are a great way to make money from your website or blog. With this approach, you add some code to your site, and then Google will provide ad space on your pages in exchange for a commission on any sales generated. Advertising companies pay you for displaying ads on your website to generate traffic. They typically pay on a per-click or per-impression basis, so the more traffic your site generates, the more money you can make. 9. Online CoursesIf you’re an expert in a particular area, another great way to make passive income is by teaching others through online courses. This can be a great way to share your knowledge and give back to the overall online community, and you can typically earn a commission through each sale that’s generated. In addition, you create educational videos or written content for people to access when they pay a fee in exchange. How To Minimize Your Taxes On Passive IncomeOne of the most important things to consider regarding passive income is your tax bracket. If you don’t take steps to minimize how much money you have in taxes each year, you will have a lower return on investment from these sources over time. As a result, it could make it harder for you to achieve financial goals and grow your wealth. This is why it’s so important to understand all of your options regarding tax planning. Minimizing taxes does not mean evading paying taxes. It simply means taking advantage of the many deductions and credits available to you. Ensure you follow tax law to the letter, and speak to an accountant if you’re unsure how to proceed. The beauty of passive income streams is that most do not attract taxes. This is because you are not actively working for the money you receive. However, it’s important to understand that some forms of passive income will be taxed at a higher rate. For example, if you earn interest on a savings account or investment portfolio, this money will be taxed as regular income. The bottom line is to find streams of income that offer you as much freedom as possible while also allowing you to minimize your tax liability. This strategy will help you make more money for yourself and your family. If you have a low tax bracket, this might be the right time to focus on increasing it. To do that successfully, you’ll need to put together a plan of action suited specifically to your circumstances. The plan will include identifying all passive income sources available in your life today and ensuring you’re taking advantage of all the tax breaks available to you. Active Income And Passive Income – Which One Is Best For Me?The big question is: Which type of income is best for me? The answer to this question depends on several factors, including your current financial situation, lifestyle, and retirement goals. For example, if you’re looking for short-term gains and want to maintain your full-time job during the day, then active income might be the better option for you. However, if you’re looking for long-term wealth creation and enjoy more freedom in your life, then passive income is the way to go. It’s important to remember that active and passive income are not mutually exclusive. You can have both types of income potential simultaneously, as long as they are working together towards your overall financial goal. It’s often a good idea to have a mix of both so that you can take advantage of the strengths of each. The best thing about passive income is that it requires little maintenance once set up properly. The key to making this money-making strategy work for your retirement goals, or even just as a temporary solution, is finding the right opportunity for you and then putting in some effort to see results. Then, with a bit of hard work and some patience, you can achieve the financial goals you’ve always wanted. How You Can Start To Create Passive IncomeThere are plenty of different ways to get started with passive income options. If you’re interested in starting your journey on this path and building a new revenue stream for yourself, there is no time like the present. Unfortunately, there’s no one-size-fits-all solution to passive income, so that it will take some research and effort on your part. However, if you can find a great source of revenue that matches what you love doing in life, the hard work will pay off over time. The best way to get started is to find a few different ideas you’re passionate about and turn them into a passive income stream. For example, if you love writing but don’t want the hassle of having your blog or website, consider starting a freelance career where you write for other businesses on a contract basis. Or, if you love cooking healthy meals, look for ways to make money from home as a chef or personal cook. You can also invest your time and energy into specific websites that will pay out over the long term through affiliate programs, subscription services, or selling products on an e-commerce store. 20 Real Passive Income IdeasHere we have compiled the best 20 passive income ideas to help you create a stream of cash each month with little to no effort. 1. Rental IncomeRental income can come from renting out a spare bedroom in your house or purchasing an investment property you manage. If you have a home in an expensive market or one that is popular with vacationers and travelers, then the potential for rental income from your investment property could be high. There are many ways to make additional income renting out rooms on AirBnB, but it’s important to remember that there are tax implications involved when using this platform. You can also earn rental income from rental properties such as apartments, condos, and rental houses. This can be a lucrative business if done correctly, but you’ll need to have some money saved up for a down payment, as well as the funds to cover monthly mortgage payments, insurance costs, and property taxes. In addition, there are many tax breaks available for rental income earners, so make sure you’re taking advantage of any deductions or credits that you can claim. 2. Investing In The Stock MarketInvesting your money in stocks can be a great way to create passive income over time. If you’re able to find stocks that offer consistent dividend income, then you can essentially set it and forget it, as the payments will come rolling in regularly. You don’t need to be an expert investor to get started with this type of income, and you can learn as much or as little about it as you want. When investing in the stock market, make sure to buy stocks valued at a low price relative to their earnings per share (EPS). This is because when companies earn high profits, those profits become diluted by issuing additional shares of common stock. Therefore, buying undervalued stocks will give you a higher return on your investment in the long run. You can also invest money into mutual funds and exchange-traded funds (ETFs) that focus on dividend-paying stocks. ETF is a more hands-off way to invest, as the fund manager will do all of the heavy lifting for you. However, you will need to pay a management fee for this service, which can eat into your profits over time. Investing in penny stocks can be a high-risk/high-reward proposition, but it’s one way to create passive income if done correctly. Be sure to do your research before investing in any penny stocks, and only put in money that you’re comfortable losing. 3. Investing In Real EstateInvesting in the real estate market can be an excellent way to earn extra cash, but it’s not as easy as simply buying an investment property and sitting back. You’ll need to become familiar with financing options, tenant screening, and property management if you want to succeed. There are many ways to invest in real estate, including buying a property outright, buying with partners, or investing in real estate investment trust (REITs). Each of these has its own set of risks and rewards, so make sure you’re familiar with each one before deciding. If you decide to invest in real estate, find properties below market value and have high occupancy rates. This will help you maximize your return on investment (ROI) in the long run. You can also invest money into real estate crowdfunding platforms, which allow you to invest in multiple properties at once. Crowdfunding is a more hands-off way to invest, but it comes with more risk than investing in a single property. These are some of the top REIT platforms where you can invest: 4. Affiliate ProgramsWith an affiliate program, you promote someone else’s product or service and receive a commission for every sale that you make. There are many different affiliate programs out there, so it’s crucial to find one that aligns with your interests and expertise. You can promote affiliate products on your website through affiliate links, social media, or email your list of contacts. Be sure to write honest reviews of the products you’re promoting, which will help you build trust with your audience. If you want to generate extra income from affiliate programs, be prepared to put in a lot of hard work in the beginning. It can take time to establish yourself as an authority in your niche, but it will be worth it in the end. 5. Parking Space RentalsYou can rent out your parking space directly or through apps like AirBnB and JustPark, which let you list underused assets. If there are multiple users of your parking space, then you’ll make more money by renting it out through one of these services. Be sure to check your city’s zoning laws before renting out your parking space, as some cities don’t allow this type of activity. You may also need to get a license or permit to rent out your space. If the parking space is in a desirable location, you can charge a higher rate for it. You can also rent out your driveway to people who need to park their cars overnight. Renting a driveway is a great option if you live in a city where parking is premium. In addition, driveways are often unused space and can be an excellent way to generate extra income. 6. Renting Out Your CarYou might also consider renting out your car if you’re planning on taking time off from driving. List the car for rent and give renters instructions about where they should pick it up and drop it off, how much gas is in the tank, etc. Ensure that all of this information is included in the rental agreement, and be sure to charge a cleaning fee if the car is returned dirty. Other ways you can make extra income from your vehicle include renting it out for odd jobs like moving or transporting goods. You can even advertise that your car comes with a driver if you’re comfortable with the extra responsibility of having someone else in the car while driving. When deciding whether to rent your vehicle to other people, keep in mind that cars depreciate assets. However, they can still be a great way to make extra money in your spare time. 7. Selling Physical ProductsIf you have a product that you believe in, then selling it through an online store can be a great way to generate extra income. You’ll need to set up a Shopify or Etsy store or use a platform like Amazon FBA to sell your products. You can also sell physical products through Facebook groups and other online marketplaces. Online platforms provide a great way to reach a larger audience and generate more sales. When selling physical products, it’s important to price them appropriately. You don’t want to charge too much or too little for your products, as this will affect your bottom line. Be sure to research and compare your prices with other sellers in your niche. 8. Marketing Digital ProductsIf you’re an expert in a particular area, you might want to consider digital marketing products. These products can be downloaded and consumed immediately, such as e-books, online courses, and audio files. You can also create digital products by recording video or audio content and selling it through platforms like YouTube and iTunes. Digital products have several advantages over physical products. For one, they’re much easier to produce and distribute. You also don’t have to worry about shipping or inventory costs. When marketing a digital product, it’s important to create a high-quality sales page that will convince people to buy your product. You’ll also need to provide good customer support to keep your customers happy. Also, be sure to price your products appropriately, as this will affect how many sales you make. You can also use services from people on Fiverr who can create great digital products for you for a reasonable price that you can later resell. 9. Lending Money To BorrowersIf you have some extra cash on hand, you might consider lending money to borrowers. Lending is a great way to earn interest on your capital without taking much risk. You can use an online peer-to-peer platform like Lending Club or Prosper to lend out your money. When deciding whether investing in P-to-P lending is right for you, it’s important to do your research. You’ll need to consider factors like the borrower’s credit score and how much return you’re likely to earn on your investment. In addition, Lending Club charges borrowers a fee of two percent per loan, making them more expensive than bank loans. However, this fee is included in the interest rate and usually does not affect borrowers. It would be best to consider that Lending Club has a high-yield savings account with an APY of three percent. It makes it easy to earn extra income from your financial investment by simply transferring money back and forth between accounts. 10. Becoming A Virtual AssistantIf you’re good at organizing and managing tasks, then you might want to consider becoming a virtual assistant. As a virtual assistant, you’ll be responsible for handling administrative tasks for clients. These tasks can include scheduling appointments, processing payments, and writing emails. Virtual assistants work virtually with their clients, but they can also set up meetings in person if necessary. You’ll need basic computer skills for this role, including proficiency in word processing programs like Microsoft Word and Excel. 11. Becoming A Freelance WriterIf you’re a good writer, you might want to consider becoming a freelance writer. As a freelance writer, you’ll be responsible for writing articles, blog posts, and other content for clients. This can include things like business websites, magazines, and newspapers. Freelance writers work virtually with their clients, but they also have the option of meeting in person if necessary. You’ll need strong writing skills and a good understanding of English or whichever language you use. 12. BloggingAs a blogger, you’ll be responsible for creating and publishing content on a blog or website. Website content can include things like articles, blog posts, and videos. To make money as a blogger, you’ll need to attract an audience and sell advertising space or products. In addition, you’ll need to come up with original content ideas, promote your blog, and build an audience of followers. It’s also important to network with other bloggers to promote your work. If you’re serious about making money as a blogger, then you’ll need to invest time and effort into growing your blog. You’ll also need to learn how to monetize your content to earn revenue. This can include setting up an advertising network, running sponsored advertisements, and creating affiliate marketing campaigns. 13. Participating In Online SurveysOnline surveys are an excellent way for companies and research groups to collect data about participants’ preferences, opinions, behaviors, interests, and needs. To participate in online surveys, you’ll need to sign up for survey websites like Survey Junkie or Swagbucks. These sites will give you access to various surveys that you can complete in your spare time. In most cases, you’ll be rewarded with points for completing online surveys. You can then redeem these points for gift cards and prepaid Visa debit cards. You’ll need an internet connection, basic computer skills, and access to the survey website of your choice. 14. Collecting Royalties From Creative WorksIf you’re an artist, musician, author, or developer of creative works, you might want to consider collecting royalties from your work. First, you’ll need to sell the copyright for one of your existing pieces of artwork. Royalties can be collected from books, music, films, and television shows. If you’re looking to make money from your creative works, then royalties might be the right solution for you. First, you’ll need to find a buyer for the copyright of your work, but once it’s sold, you’ll earn regular royalty payments based on sales or usage. In addition, royalties can provide you with a revenue stream over time if your work becomes popular. 15. Freelance Graphic DesignIf you’re good at graphic design, you might want to consider becoming a freelance graphic designer. As a freelance graphic designer, you’ll be responsible for creating graphics and logos for clients. You’ll need strong design skills and a deep understanding of English to do this job well. Freelance graphic designers typically work with clients through email, text messages, or online chat applications like Skype. You might also meet your client in person if necessary. To be successful as a freelance graphic designer, you’ll need to build a portfolio of your work. You’ll also need to network with other designers and promote your services online through backlinks. 16. Get Paid To Do Webinars Or PodcastsSome websites and platforms such as Clarity allow you to do live online events like webinars or podcasts. You’ll need a large following within your community or niche to make money through this type of work. You might also be required to sell advertising space on the platform where your event is hosted to generate revenue. If you’re an expert in a particular field, then doing online events like webinars or podcasts might be the right option for you. You’ll need to create valuable and interesting content for your audience, and you’ll also need to promote your work well. You can attract sponsorships and sell advertising space to generate a revenue stream. 17. Teach Online CoursesOnline courses can be a great way to share your knowledge and expertise with others so that they may learn from you. However, by teaching online courses, you’ll be responsible for creating the content of the course itself as well as marketing it. Therefore, in most cases, you’ll need some level of expertise in your field before you can begin teaching. Some websites that enable instructors to teach online courses include Udemy or Skillshare. You’ll need to create a course of your own once you sign up for these services, and the instructor will likely receive some percentage of revenue generated from student enrollments. 18. Invest In Index FundsIndex funds can be a great way to invest your money and generate returns over time passively and residual income. Index funds are baskets of securities that track the performance of a particular market index, such as the S&P 500 or Dow Jones Industrial Average. When you invest in an index fund, you’re essentially investing in all stocks that make up the index. Index funds offer several benefits over other types of financial investments. For one, they tend to be very low-cost. In addition, they’re passively managed, which means that you don’t have to worry about the fund manager making poor choices with your money. Finally, index funds provide investors with broad diversification across many different securities. 19. Invest In Certificates Of DepositYou can open a certificate of deposit account with the bank and save in there. The money you put on a certificate of deposit will go into an investment program where it earns interest over time. It is considered tax-deferred or even tax-free depending upon your state’s laws for that particular financial institution. This income from certificates of deposit also carries other benefits. Usually, when you take money out of a certificate of deposit before the maturity date, you incur a penalty from the bank. However, in some cases, if there is an emergency and you have to withdraw your cash before the maturity date, banks will waive that fee. The longer you save for and the higher the rate of interest offered by the bank, the better. 20. Online ArbitrageOnline arbitrage is a great way to make money online, but it does require some work. In most cases, you’ll need to find products sold for cheap on one website and then resell them at high prices through another site. Getting the products can be difficult since the price of an item will vary depending upon the website that you’re selling it on. To be successful with online arbitrage, you’ll need to do some research and find products that are being sold for a discount on one site and then resell them at a higher price on another site. You’ll also need to be familiar with the prices of items on different websites. By doing this, you can ensure that you’re making a profit on each sale. What Is The Most Common Type Of Passive Income?Passive incomes fall into three categories: residual, portfolio, and business. These are all ways to create cash flow that can be accessed without trading time for money through a day job or working on an hourly basis. Residual income is considered one of the best sources of unearned income because it’s reliable and recurring, meaning you earn money even when you’re not actively working. This can come in the form of royalties from intellectual property, rent payments, or commissions on sales. Portfolio income is generated through interest, dividend, and capital gains realized upon selling stocks, bonds, and other securities. An initial investment of capital is required to buy the securities. Business income can be generated through various methods such as taxi medallion, wholesale distribution, or owning/renting an investment property. However, it requires an entrepreneurial spirit and participation in management. What Is The Best Way To Get Started With Passive Income?The best way to start generating a passive income stream is to identify which type of income suits your situation and lifestyle. From there, it’s important to do your homework and research the many different ways to generate that particular stream of revenue. For example, if you’re interested in residual income, look into Intellectual Property Rights. Once you understand the different types of passive income, you can start investigating which opportunities are best for you. What Is Residual Income?Residual income is a passive income that comes from royalties, commissions, or rent payments received on an ongoing basis. These payments are generated through the use of intellectual property, such as books, music, or movies, or by licensing others to use your copyrighted material. Residual income is different from portfolio and business income in that it doesn’t require an ongoing time commitment. Is It Possible To Live Off Passive Income?Yes, it is possible to live off passive income. All you need to do is to reinvest the passive income you make. For example, let’s say that your monthly cash flow from dividend income is $500 or more, and this amount stays consistent for a year (this means that you’re making at least $6000 per year). Then, if you invest 50% of it ($250) in different assets, which will generate returns over time, you will create a residual income stream. Now, if you don’t want to reinvest the money, that’s okay too! You can still live comfortably off your passive income and save for retirement or other financial goals. Frequently Asked QuestionsWhat is the easiest source of passive income?There is no one-size-fits-all answer to this question, as the easiest source of passive income will vary depending upon your skills and experience. However, some passive income sources are more straightforward to start than others. For example, teaching online courses can be a great way to generate passive income, but you’ll need to have some level of expertise in your field before starting teaching. Additionally, investing in index funds can be a great way to generate passive income, but you’ll need to be comfortable with investing your money to get started. What sort of passive income idea could one blow 2k on?
What are some of the good passive ideas I can start as a graphic designer?
What are some of the best passive income ideas you can grow if you only have $1,000 to start with?
What is a passive income opportunity for someone who is lazy and hates working in an office?
Is passive income taxable?The most common types of passive income are taxed as ordinary income. These include business, portfolio, and some kinds of residual incomes. That being said, certain types of portfolio or investment-related activity can be subject to capital gains taxes instead. How can I generate passive income without initial funds?Many people generate passive income without any upfront investment by leveraging assets they already own, such as rental property, stocks, bonds, and royalties. Others create businesses with little or no up-front costs that provide residual income streams, such as web-based businesses, membership sites, and subscription services. Finally, there are various methods for generating passive income through real estate investment. How can I make my current job more passive?There are several ways to make your current job more passive. One strategy is to outsource or delegate tasks that you don’t need to do yourself. You might also consider automating processes wherever possible. For example, if you can use software to complete tasks that would otherwise take you more than an hour, it might be worth the investment. Is there a difference between passive income and residual income?The terms “passive” and “residual” are often used interchangeably by people who aren’t familiar with using each term correctly. However, they mean two different things. Passive income is best described as money that comes in without working for it directly – no initial investment is required. On the other hand, residual or recurring income means what it sounds like: repeating streams of passive income. Is it possible to create a passive income stream from scratch?You can, and you don’t even have to be a genius. There are many ways to create a passive income stream, but some require more upfront work than others. It would help if you had the commitment and creative thinking, but the payoff can be huge. Think about what you’re good at and brainstorm ways to turn that into passive income. For example, if you’re a great writer, you could start a blog and make money from advertising or affiliate links. If you’re handy with tools, you could create how-to videos and sell them on YouTube. What are the most important factors to consider when choosing a passive income investment?
Can you give some tips on how to get started with passive income investing?
Do I need any special skills or knowledge to start a passive income stream?No, you don’t need any special knowledge or skills. You have to be creative and willing to put in the work necessary for success – but it can pay off big time if done right. source https://arrestyourdebt.com/passive-income-ideas/ Via https://arrestyourdebt1.tumblr.com/post/674910006292987904 In life, certain decisions are more significant than others. For example, purchasing a car and a house are some. Suppose you’re thinking about buying both a vehicle and a home. In that case, you’re probably wondering quite a few questions, including, “what should I know about typical interest rates on mortgages and car loans,” “should I buy a new or used car,” and “how long after buying a car can I buy a house?” Ready to learn about some of the most important things you’ll need to know when buying a car and a house? This post aims to answer all those questions and more, providing you with a straightforward guide to making these two large purchases. Let’s get right into it. How Long After Buying a Car Can I Buy a House? Factors to ConsiderWhen thinking about buying a car and a house, there are a few essential factors that you should keep in mind. After all, you don’t want to have completed the purchases and realize that you unexpectedly can’t make the monthly payments. Here are some factors to consider when thinking about how long you should wait after buying your car to buy your house. Your Credit ScoreBefore buying a home, you’ll want to ensure that you have good credit. More specifically, you’ll want to make sure that your credit history is as good as it can be and that your credit score is in perfect shape. Unfortunately, buying a car can negatively impact both (in the short term). Making a vehicle purchase will require your lender to make a hard inquiry. A hard inquiry is when lenders send a legal request to the credit bureau to inquire about your credit score. Typically, a hard inquiry will stay on your credit report for around two years and reduce your credit score by a few points. Then, on top of the hard inquiry, your lender will also need to open up a new account, which will further lower your score by a couple of points. Of course, if you make every monthly payment on your auto loan, it will boost your credit score over time. But when you first borrow the money required to buy a car, there will be no credit history associated with the loan, and your credit score will initially suffer. Having your credit score in good shape is important because bad credit can increase the interest rate you’re able to get on your mortgage (potentially adding up to thousands of dollars over time). So before you rush into scrapping up a down payment for your home, be sure to get a copy of your credit report and make sure that your score is as high as can be. Some ways you can make sure that your credit is in good shape are:
Your Debt-to-Income Ratio (DTI)Your debt to income ratio is a measurement of how much of your income needs to go towards paying off liabilities. Lenders look at this measurement to determine the loan rates they will apply to the house’s purchase price. Also, when trying to apply for a loan, you’ll have a much better shot to negotiate successfully with lenders if you have a higher DTI than lower. Any debt can count towards your debt-to-income ratio, including:
Of course, if you choose to buy a car right before purchasing a house, your debt-to-income ratio will take a significant hit as you add a substantial liability to your balance sheet. You can use an online calculator to figure out your debt to income ratio and see if you can do anything to lower it. Always try to have the lowest debt-to-income ratio possible (not just because it makes you look more favorable in the eyes of lenders but also because it will help with your finances). Your CushionThis factor ties to your debt-to-income ratio, but you add debt to your finances when you buy a car. This factor, combined with an additional mortgage, means that you will have a tiny cushion to withstand any shocks to your finances compared to before you made the two purchases. Before you buy a home (especially right after you buy a car), make sure that you can withstand the additional payments on both purchases. Home-ownership isn’t cheap. Thus, you must be fiscally responsible with your money. And, though you may work the numbers out on paper and get it to work, you’ll still need to account for the fact that unexpected things can happen (a pipe breaks in the house, or a hurricane sweeps through the area, or the house catches on fire). Be sure that you’re confident you can afford a home mortgage before taking one out. For example, suppose you realize that you can barely afford your mortgage loan with the additional loan payment from the car. In that case, it might be a good idea to wait a few months to build up your reserves and also potentially improve your cash flow. Although your annual income can make you look rich on paper, you don’t want to own a house you can barely afford, causing you to become “house poor.” The VerdictThe answer to the question “how long after buying a car can I buy a house?” will depend entirely on your financial situation. The home-buying process looks very different for different people, and a car payment can also differ by hundreds of dollars every month. Suppose you have very high credit scores, an extremely low debt-to-income ratio, and tons of discretionary income. In that case, you might be able to buy a house almost immediately after buying a car and still get favorable mortgage rates. Suppose you have decent credit but a pretty high debt-to-income ratio and not too much discretionary income. In that case, it might be a wise move to wait anywhere from 6 to 12 months (and up) to build up your credit score (after 12 months, your credit score should bounce back if you’ve made timely payments), earn some extra income, and potentially add to your income streams. Finally, you might check your credit reports and realize you have a low credit score, a high debt-to-income ratio, and little discretionary income. It might be a good idea to reconsider buying a car in the first place. A car loan can significantly hurt your finances, especially if you buy a new car when you’re not financially stable enough to withstand the hit. If this sounds like you, one suggestion is to look at used cars or be highly meticulous in the car-buying process, not overextending yourself financially. Then, once you’ve settled in with the vehicle over time and built up extra income, you can start thinking about buying a house. Other Related QuestionsChances are, if you’re thinking about making a car purchase and a house purchase, you have more questions than just how long you should wait before buying one after the other. So here are the answers to some other related questions you might be wondering. Does Buying a New Home Affect Your Credit Score?Though being a responsible homeowner can indeed help you build your credit score over time, in the short term, your credit score can drop quite significantly (up to 14 points!). Like car loan lenders, mortgage lenders may pull your credit history and make a hard inquiry before finalizing the loan. How Is a New Auto Loan Different from a Home Loan?A car loan and a mortgage are similar in many ways, including that both have collateral behind them (one is your car and the other is your house). The main difference is that you will make mortgage payments amortizing. Car payments will typically be towards simple interest add-on loans or simple interest amortizing loans. Does Leasing a Car Affect Your Credit Score?If you make all the payments on time, leasing a car can positively impact your credit score. Plus, a lease is a different type of credit that you can add to your credit mix, further benefiting your credit score (the more types of credit you have, the higher your credit score). With that said, if you miss a payment, it could be very damaging to your credit score. Recap: How Long After Buying a Car Can I Buy a House?Buying a car and buying a house are major financial decisions in life. If you’ve been considering making these purchases, you’ve likely wondered to yourself, “how long after buying a car can I buy a house?” So, before giving your 30-day notice to your landlord, make sure that you do everything you can to make the process as smooth as possible and ensure that you’re not making any financial mistakes. As a quick recap, there are three main factors you should think about when considering this question:
The amount of time you should wait to buy a house after buying a car depends entirely on your financial situation. As long as you consider all the relevant factors and make sure that you are making a wise financial decision that will not negatively impact you in the long run, you should be good to go. source https://arrestyourdebt.com/buying-a-car-buy-a-house/ Via https://arrestyourdebt1.tumblr.com/post/674857140641464320 According to the most currently available data from the federal Bureau of Labor Statistics, workplace injuries and illnesses affected 2.7 million people. The BLS report showed that worked-related injuries and illnesses affected people in all industries, including health care, construction, and retail sales. So essentially, if you work, you are at risk of being injured on the job. Most states have laws providing injured workers benefits through workers’ compensation insurance provided by their employers. However, processing delays that prolong the time that workers must go without benefits take a financial toll, and a denial of a worker’s claim for benefits may lead to a lengthy appeals process that only serves to further exacerbate an already difficult situation for an injured worker. There is, however, a way to obtain financial relief through pre-settlement funding. Pre-settlement funding companies like Oasis Financial advance funds to give eligible workers much-needed money to use to catch up on past due bills while their workers’ compensation claim goes through processing. Some insightful information about workers’ compensation and pre-settlement funding may help you decide whether getting a cash advance would be right for you. An Overview Of Workers’ CompensationWorkers’ compensation is a government-mandated program that pays the medical expenses and lost wages of workers injured or ill because of work-related accidents or conditions. Practically all states have some form of workers’ compensation system in place to benefit workers. Before workers’ compensation, workers suffering injuries at work had to sue their employers to recover the cost of medical treatment and their lost wages. Workers have ready access to medical care and reimbursement for lost wages through workers’ compensation systems in exchange for giving up the right to file lawsuits against their employers. However, workers retain the right to sue third parties other than their employer, who may be at fault for causing them to be injured at work. For example, the manufacturer of a defective piece of equipment or machinery may be sued by an operator injured because of a malfunction. Another, perhaps more common, example of third-party liability involves motor vehicle accidents. For example, suppose you are traveling for work and suffer an injury in a motor vehicle crash caused by another driver. In that case, you have the right to file a personal injury lawsuit to recover damages. The fact that you were engaging in a work-related activity at the time of the accident lets you file a claim to recover workers’ compensation benefits for a workplace injury. A personal injury attorney can be an excellent source for legal advice and representation when the negligence of a third party causes a workplace injury. Common Types Of Workplace InjuriesSmart business owners realize that preventing on-the-job injuries through programs designed to enhance workplace health and safety maintains overall productivity by keeping their employees at work instead of at home. Some of the common types of workplace injuries that safety programs can focus on preventing include:
Burns, traumatic brain injury, fractures, lacerations, and sprains and strains are only a few of the injuries that workers in all occupations face daily. For example, an office worker standing on a ladder to reach a file stored on a high shelf is at as significant a risk of suffering an injury in a fall as a construction worker. The Process Of Filing A Workers’ Compensation ClaimEach state administers its own workers’ compensation program, so there may be slight variations in the procedures you must follow to file a claim and recover benefits. As a general rule, state laws protect workers who file compensation claims against retaliation by an employer. Suppose you suffer an injury or illness related to your work. In that case, the first step you need to take is to report it to your employer or the insurance company that issued the workers’ compensation policy covering your place of employment. State laws differ when you have to file a claim, but the best practice is to file it immediately after the injury or illness and not wait. Waiting too long may prevent you from receiving benefits you would otherwise have received had you filed a timely claim. Typically, your employer will have a form for you to complete with details about the accident or condition that caused you to become ill or be injured. Whether the completed form is filed with the insurance company or with the state workers’ compensation agency depends on the law in your state. Once it receives your claim for benefits, the workers’ compensation insurance company investigates whether to approve or deny it. The time allotted for an insurance company to analyze and make a decision about your claim varies from state to state. California, for instance, gives the insurance company up to 90 days to decide your claim, but you may receive up to $10,000 in medical care while waiting regardless of the eventual decision. If a claim is denied, states have a process to appeal the adverse decision that may include filing a lawsuit to challenge it in court. Check the law in your state about appeals of workers’ compensation claims to ensure that you do not miss the deadline to file an appeal. How Can Legal Funding Help When You Have A Workers’ Compensation Claim?Lawsuits challenging adverse outcomes of workers’ compensation claims take time to make their way through the courts. The same is true for third-party lawsuits against negligent drivers, manufacturers, property owners, or other parties responsible for causing you to be injured while working. While you wait for a settlement of your lawsuit, a cash advance from a legal funding company makes it possible to pay for food, housing, and other living expenses. All it takes is for you to complete a simple online application followed by an evaluation of your claim to find out if you qualify for pre-settlement funding. The process does not involve a check of your credit or your ability to repay the advance. The funding company makes its decision based solely on your claim for benefits from which the cash advance and interest will be repaid. There is no personal obligation on your part to repay the cash advance in the event of an unfavorable outcome of your lawsuit. ConclusionIf you have a workers’ compensation or third-party lawsuit pending, pre-settlement funding helps overcome financial challenges while waiting for a settlement. Legal funding involves costs, including interest, so before applying, compare rates and terms of different pre-settlement funding companies. source https://arrestyourdebt.com/workplace-injury-claims/ Via https://arrestyourdebt1.tumblr.com/post/674732550927876096 Entrepreneurs are always on the lookout for new opportunities. But before you jump in, you need to consider what you’re going to do with your money and how you will manage it. It is important for entrepreneurs to be financially savvy because most businesses fail within the first year. And if they don’t have a plan on how they will make money, they might not last long either. Setting up your business properly from the start is a must. This includes setting up a company bank account and tax status as soon as possible. In addition, it is crucial for companies to have a plan for their finances before they start. To make sure they are on track, it is recommended that they create a financial plan with their personal and business goals and startup costs. Let’s take a look at some of the things you might want to focus on to do this. 1. The Importance Of Planning And Budgeting Before Starting Your BusinessBusiness planning is an essential part of any business, whether it’s a startup or already established. It is the process of creating a detailed plan for your business and its goals. Planning and budgeting before starting your business will help you avoid unnecessary financial risk. It also enables you to decide what type of business to start and how much time, money, effort, and resources you will need to get it up and running. This will often begin with you focusing on your personal finances. 2. Taking Care Of Your Personal Finances Before Becoming An EntrepreneurIt is not easy to be an entrepreneur. You need a lot of startup funds, time, and dedication. One of the things that can help you get started on your business is to have a good personal financial plan. Personal finance is not just about money management but also about knowing your goals and managing your money well. So for starters, you might want to take a look at your current situation, spending analysis, and budget. Are there improvements you need to make? Maybe you need to cut down your expenses or speak to that car accident lawyer to get the settlement? By taking care of your personal finances before becoming an entrepreneur, you will be in the best possible position to get started. 3. Choosing The Right Business Structure For Your Startup Or Small BusinessThere are many options for small businesses to choose from when it comes to their business structure. The most popular business structures are often a sole trader (or self-employed) and setting up a limited company. So you’ll need to be thinking about how you operate and what sort of structure will be the best for you to begin with. 4. The Key Financial Considerations You Need To Make For Your BusinessFinancial goals are not just for the business owner. It is vital to have a goal that you can work towards to know what to expect from your business and what you can do to make it better. For example, maybe you want to live a certain lifestyle and your company to support it? Then you need to put these goals in place. This is why the key financial considerations you need to make for your business will be centered around that. From the capital you need to the way you spend and even how you set your pricing, you’ll need to get this all in place so that you know you’ll be able to achieve your goals. 5. Why You Need To Save Money In Your Business From The BeginningThe first step to starting a business is to ensure you have money saved up for the startup. The best way to do this is by creating a startup budget plan. The most important thing in your business is your time and effort. Therefore, you need to make sure that you are not spending too much time on tasks that are not important and instead focus on what matters the most – generating ideas, building relationships with clients, making connections with other startups, and so on. Startup budgeting plans can help you save time and money by giving you an idea of how much money you need on hand for each month to start your business. 6. How To Give Yourself A Better Chance Of Success By Hiring ExpertsOne of the ways to help your business prosper financially is for you to hire the right people. There are many reasons you should hire experts, including that they can help you grow your business. Experts can help you focus on what matters most and deliver quality results faster. They also have the potential to improve your ROI, which is why they are an excellent investment for any business. When it comes to hiring experts, it is crucial that you find someone who has experience in your industry and can get you results. So whether you need a sales expert, a corporate mindset coach, a financial advisor, or an assistant, you’ll want to figure this out first and start reaching out. 7. The Benefits Of Building A Strategic Marketing Plan For Your BusinessTo help you reach your goals, putting a concrete marketing plan in place can help. Without a strategic marketing plan, your business could struggle to grow and succeed. A plan is crucial for any company that wants to succeed in the long run. It will help you develop a clear understanding of what you need to do to achieve your goals and what changes need to be made if things aren’t working out. The first step in creating an effective marketing strategy is understanding your current market and customer base. With this information, you can identify where you currently stand and what steps need to be taken to improve upon it. The Importance Of Approaching Your Business Finances Right From The StartIn conclusion, it is essential to approach your business finances right from the start. If you do not have a plan for your finances and how to handle them, you will be in trouble. Having a clear plan, focusing on the right things, and working with the right people can help you get to where you really want to be. source https://arrestyourdebt.com/financial-considerations-as-an-entrepreneur/ Via https://arrestyourdebt1.tumblr.com/post/674672163326935040 NFTs (aka Non-Fungible Tokens) have taken the crypto world by storm over the last year. Most importantly though, is the fact that they are rapidly moving into the mainstream world. Celebrities like Justin Beiber, Lione Messi, Eminem, Venus Williams, Jimmy Fallon… the list goes on. Not to mention the whole host of companies leaning into NFTs, including McDonald’s, Nike, Coca Cola, Taco Bell, and the NBA. This level of mass adoption has changed NFTs from a niche new trend in the crypto community to a huge investment opportunity for companies and individuals. That being said, like any new cryptocurrency project, a lot of these NFTs are either mass-produced junk, a scam, or a project with no artistic vision or utility. As such, we will see 99% of these new projects that are popping up, quickly falling back down to being worth nothing. The question is, how do we separate the next big NFT, from the next big flop? I will dive into the main 8 things you should consider before jumping into the NFT market. Whether you are an investor or a collector, you don’t want to end up buying a worthless piece of computer-generated “art” that a 12-year-old created in 15 minutes! Source: BBC 8 Important Points To Consider Before Buying Your First NFTConsider these top points before you spend your hard-earned money on a digital asset. 1. UtilityThe first and most crucial question to ask is, “What is the purpose of this NFT?” The answer will usually fall into one of the following categories: ArtThis is simple, the project itself has no utility apart from being a piece of digital art. It is traditional art, brought on to a blockchain. It is hard to always judge and value a piece of art, in traditional art, it can take buyers years to get an understanding and an appreciation, so you can’t expect to do this overnight. This article will cover signs and signals to look for, but two important things to consider – Has this NFT been mass-generated by a computer? “Artists” are paying people on Fiverr to create thousands of art with minor variations. Usually, if you see that the NFT is 1 of 10,000, it’s a sign that it is mass-produced and is not unique or special. The second thing to consider is the artist. Just like the traditional world of art, people will buy pieces just because of the artist’s former work or reputation. So do a little digging into their past projects. MetaverseBy now, you will have heard of the Metaverse. Facebook has even changed its name to reflect it. NFTs in the metaverse will be digital items like cars, fashion, or land that you hold and own in a digital world. First, it is important to understand what digital real estate is and its significance going forward. The best way is to think of the film Ready Player One. Blockchain companies like Wilder World and Decentraland are looking to build digital universes. If any of these universes are accepted and adopted, the NFT assets held within them will see a huge jump in value. If a metaverse becomes one that everyone uses, imagine holding a mansion in the heart of LA? It sounds silly now, but it could be worth (and in some cases already have sold for) millions. Source: FT.com GamingLike the metaverse, NFT gaming tokens and their value will rely on if the game is adopted and played. Recently Axie Infinity and the NFT characters in it saw a 100x explosion in price. We have seen a wave of new games being launched with NFT characters to buy. Many will never release a game and are just money grabs, so it is essential to understand what the game offers and whether it has a working product that you can test. Getting in early though can be incredibly lucrative. Event/Entry TicketsBy purchasing certain NFTs, you will be granted access to online events (or sometimes physical events) or access to “VIP clubs.” These will probably not see the highest returns unless the exclusivity aspect takes off. These are a highly speculative class of NFT and one that I would avoid unless you actually want to use them as an entry ticket! Music And MediaRecently the NFT craze has swept over the music industry. Traditionally musicians receive very little for their work, so by attaching their music to NFTs, there is now a novel way to pay the artists directly. We have also seen other media being linked to NFTs like Ashton Kutcher and Mila Kunis’sKunis’s recent cartoon Stoner Cats. To watch the show, you first have to buy a Stoner Cat NFT, which acted as your entry to this gated content. They raised over $8M for this, which led cynics to see it as a bit of a cash grab. Trading Cards/CollectiblesThese are the traditional trading cards made digital. The right project could explode, but most are just cashing in on a trend. The NBA project Top Shots has brought famous NBA moments onto a digital platform and monetized them in the form of an NFT. It is hard to say whether these projects will hold long-term value. As with anything NFT related, there has been hysteria around them, gobbling up whatever can be bought, but in terms of long-term value, people will likely get bored and move on. It is a niche project that, in all likelihood, will not have enough buyers to sustain it. 2. Artist And Team Behind The NFTThis is still one of the best measures of an NFT’sNFT’s future success. Do some research into the artist or team who created it. What is their track record? If they have had previous successful projects, or are highly coveted in the space, then their next collection will usually attract the same attention. Of course, this can make it hard to get one as if everything popular is being snapped up, so dig deep. Look for a niche artist with loyal fans. More importantly, the artist and team should genuinely care about what they are creating. So often, you see mass-generated rubbish copying the latest trend. True artists and teams have a vision, roadmap, and artistic integrity. Whether it is art, gaming, or metaverse, if you dig deep, you will better understand the project and the people behind it. Source: The Guardian 3. Platform And TokenYou can buy NFTs on a whole host of different platforms, whether Opensea, Solsea, Super Rare, Binance NFT, etc. Before doing so, you need to ask yourself a few questions about which is the best NFT marketplace for you:
The answers will somewhat rely on your budget and what you are looking for. 4. MetricsThis is one area that is often overlooked. NFTs look like art, but they are still just digital tokens like cryptocurrencies. By diving into the token’s metric, you can better understand its value and ecosystem. Things to look for are: Owner % – This is the number of holders / total number of pieces. So if 5,000 unique people hold a collection of 10,000 pieces, then the owner % is 50%. The higher the better as it shows wider interest. Activity over time – This shows that it is not a passing fad. Look at growth charts and the floor price to ensure it moves upwards. Market Cap – This is the total value of all the tokens (estimated). This will give you an idea of its overall value and whether it may be too late to buy. All of these can be checked on Rarity Tools. 5. AuthenticityA simple point, but one that has caught people out. You need to verify that the NFT you are buying is, in fact, part of the collection. Sometimes some copycats mimic real collections and dupe people into buying them cheaply. They usually get removed by the platform, but not always in time. 6. ViralityAt the moment the NFTs that see the biggest climb in value are the ones that are based on viral trends in the media. The more hyped and relevant the project, the more likely it will increase in value initially. That being said, these projects usually go to zero. So if you are lucky enough to get in early and buy one, I would advise you to get out as soon as you can, usually with a quick profit. Source: CNet 7. CommunityThis is another metric that is often overlooked. The community is the best indicator of the passion and belief behind the project. Go on the project’s telegram or discord group. If it is a bunch of people talking about the price or saying “wen moon,” then avoid it! If people are active and talking about the function, improvements, and the artist, it is usually a big tick! 8. RarityWith nearly all NFT projects, each NFT will have its own rarity in the set. So, for example, with BAYC (Bored Apes Yacht Club), a gold Ape with sunglasses could be in the top 100 rarities out of 10,000. The rarer it is, the fewer NFT’sNFT’s that hold that particular trait. Of course, this is just arbitrarily inputted by the collection’s creator, but if the collection takes off, then the rarity matters. You can check the rarity of a particular NFT by going to the specific collection on Rarity Tools and entering the Id of the NFT. Usually, if the NFT has gained popularity, the rarity will be factored into the price. What Else Should I Consider Before Buying An NFT?Where Do I Keep The NFT I Buy?You will need to create a crypto wallet to hold the NFT. The wallet you choose will depend on the platform you are using to buy the NFT. If Solsea, you need a wallet that can hold Solana NFTs; if Opensea, then a wallet like Metamask to hold Ethereum and NFTs. Can I Buy Them With US Dollars?No, most platforms will require you to buy them using cryptocurrency. That being said, many NFT marketplaces are looking to allow fiat (i.e., USD) payments going forward. Are You A First Time Investor?If this is your first time investing in anything, you may want to consider a more suitable first-time investment for beginners. An investment that is more reliable and less likely to plummet to zero. It doesn’t matter how much research you do, the NFT asset class is volatile and high risk. So if you are someone who has never invested before, I would even consider using a roundup money-saving app, which takes your spare change from payments and automatically invests it in funds of your choosing, such as green energy, future food, or electric vehicles. It’s a fun and low-risk way to learn about investing without overly exposing yourself. source https://arrestyourdebt.com/buying-an-nft/ Via https://arrestyourdebt1.tumblr.com/post/674483395797073920 You may have seen people wearing Adidas shoes while you were out and about. The increased popularity has increased the need for Adidas product testing to ensure customers stay engaged and desire their products. Some of the most popular designs are made by Stella McCartney, Jeremy Scott, Yohji Yamamoto, and Raf Simons. The company initially started in Germany in 1949, but it didn’t begin producing shoes until the 1950s. It is now one of the world’s largest sportswear companies. Adidas is a sportswear company and is a brand that is associated with quality. This is because the company puts a lot of effort into product testing. In fact, it is reported that Adidas spends around $14 million on product testing every year. This money is used to test products in various ways, including through wear and tear. The team that tests the shoes is a large one – it consists of more than 20 athletes and 1000 robots. Using both human beings and machines, Adidas ensures that its products are tested from every angle. Adidas’ dedication to product testing means that you can ensure that any product you buy is of the highest quality. The company’s commitment to innovation also ensures that its products continue to evolve, so you can always look forward to new and exciting designs. How The Adidas Product Testing Program WorksThe Adidas product testing program ensures that all products meet the highest quality and safety standards. The product testing period typically lasts for six months, and during this time, the product is rigorously tested in various conditions. The product testing program includes both lab testing and field testing. In the lab, the product is tested in a variety of conditions, including extreme temperatures and humidity levels. The product is also put through a series of stress tests to ensure that it can withstand the wear and tear of everyday use. In infield testing, the product is tested in real-world conditions. This includes testing it in varied weather conditions and on different types of terrain. The product is also tested with other accessories, such as cell phones and car keys. Adidas’s product testing program is one of the most aggressive in the industry. In addition to rigorous testing on various materials and multiple conditions, Adidas also tests its products in the field. For example, for a new soccer cleat, Adidas sends hundreds of pairs to players all over the world for their feedback. The company then takes input from players and uses them to improve the product before hitting retail stores. Adidas also has a clothing line called Y-3, inspired by fashion designers. This line is based on a more modern look than other lines from Adidas and has been popular with celebrities. As a product tester, you will be required to provide feedback on Adidas products and sportswear. You will also be asked to fill out surveys and share your product opinions on relevant social media channels. In return, you may find that you receive free Adidas product samples to test and keep after completing product testing tasks. What To Expect With The Adidas Product Testing ProgramWhen you sign up for the product testing program, you will be expected to provide personal information such as your age, gender, and location. You will also be asked what sports and activities you enjoy so that Adidas can better target product testing opportunities for you. As a product tester, you may be asked to test out product samples, features, and benefits. You may also receive product brochures, product flyers, and product coupons on social media channels to share with your friends. How To Apply For The Adidas Product Testing ProgramIf you’re an avid runner with an athletic profile, a fitness enthusiast, or enjoy working out, you know that having the right equipment is essential. And what could be better than testing out the latest and greatest Adidas products before they hit the market? The good news is that Adidas offers product testing services for anyone interested in trying out their latest offerings. You can sign up online at Adidas’ website. But you must meet minimum requirements to apply. Once you’re qualified, all you need to do is fill out an online questionnaire. If there’s a product that attracts your attention, they’ll contact you for more information and then send the product to your door. Is Adidas Product Testing Legit?Some people might be wondering if the product testing that Adidas does is legit. Some might even think that Adidas is just trying to scam people with their products. While it is true that Adidas has had its share of controversies in the past, the company has always been clear about its product testing procedures and that its product testing is legit. The company uses this method to test out its new products and services that it develops for the public. This is also one of the best ways to make sure that their products will be a hit in the market. The company has been trying out its new products for many years now, but only recently have they started hiring people from other countries to test their products. Adidas has a comprehensive quality assurance program. The company always conducts product testing on its products to make sure that they meet the expected quality standards. The Product Testing ProcessThe process for conducting product testing varies according to the type of product but generally involves a few basic steps:
If any products fail to pass quality tests, they are recalled under the Adidas Global Recall Program. Customers can return the products according to Adidas’s guidelines set in place. Adidas bears all the costs related to the return and cancellation of orders. Before a product is released for sale, it undergoes rigorous tests to check its quality. This includes ensuring that the materials used in manufacturing meet specific standards and guidelines. There is also testing done on fabrics and other components to ensure they perform as per the intended design. Once the product is designed and developed, it goes into production. Partnership With Adidas Product Quality ControlThis is where the Adidas Production Quality Control team comes in. The team conducts checks to ensure that the products are manufactured according to the approved design and specifications. They also check for any defects in the products. If there are any issues with the product, they are reported to the Product Development team. The team may pause production and fix the problem if needed. In cases where refunds or replacements need to be issued, Adidas takes full responsibility. This is part of their policy regarding quality assurance testing. AQL Inspection ProcessThe product undergoes a test called an AQL inspection during its manufacturing process. An AQL inspection rate is a sampling method for quality control in the context of mass production, and it stands for “acceptable quality level” or “average quality limit.” The AQL rate tells you how much defective product you can expect to see out of every 100 units. For example, if an item has an AQL rating of 1, that means one defective item can be expected for every 100 items tested. An AQL rate of 2 means you can expect two defective items per 100 products, and so on. AQL rates are used to determine the final product inspection sample size before releasing them for sale. An independent agency carries out the inspection with no links with Adidas. Once the manufacturing process is complete, it is checked for quality. This ensures that all of the products meet Adidas’ standards. The usual tests focus on the durability and performance of the product. How To Become An Adidas Product TesterFirst off, it’s important to remember that product testing is not always guaranteed, so there is no guarantee that you will be chosen to participate. However, if you meet the requirements and follow the steps correctly, your chances of being accepted are pretty high. So, what are the requirements? To be eligible to apply for the Adidas Product Testing Program:
How To Apply Successfully And Get PickedTherefore, to qualify, you should fit one of their product sizes. The Adidas test products are available in limited sizes, and you should meet minimum weekly activity requirements for your sports activity. Now that we know the requirements, it’s time to talk about how to apply successfully. Three simple steps must be followed to receive an invite successfully. Step 1: Receive Test InvitesThe Adidas Product Testing Program group is split into “buckets.” These buckets are how you will receive your test invitations. For example, some people might get their invitations on Facebook while others might get them via email, and so on. To increase your chances of being chosen, you will want to be sure that you are signed up for all possible channels through which invites might be sent. That means that you should ensure you are a member of the MyAdidas community, have opted-in to receive emails from Adidas, subscribed to the Adidas brand on YouTube, and so on. The key is to stay in the loop, so be sure to join Adidas communities, follow Adidas on social media sites like Facebook and Twitter, and keep checking your emails during the registration process! It’s also important to remember that you can only participate in one of these tests if you are chosen. If you are only being considered for a particular test, you will not be considered for others. So if the company only wants to send an invitation via YouTube, you won’t receive one on Facebook or email. So when registering your information and providing your personal information, you must keep this in mind. Step 2: Test Out The ProductOnce you have been chosen for a product testing session, you will have to test out the product and provide your feedback. This can be done in various ways, including (but not limited to) filling out a survey, writing a review, or taking part in a focus group. Step 3: Provide Your FeedbackThe final step is to provide your feedback on the product. This can be done through a survey or a focus group setting. How To Become An Adidas Product TesterHow Do I Get Hired?The first step in getting hired by Adidas is applying online on their website and sending them your resume. You should always include all of your skills, qualifications, and experience when applying for the product testing job. After that, the company will call you and set up an interview with you. The interview process is relatively easy because they want to ensure that you can do the job well. They will ask you a few questions about your skills and experiences, but it is nothing too difficult. After this interview, if they like what they hear from you, they will ask you to come in for another interview with their team members. If everything works out well for them, they will hire you on the spot. What Do I Do?The company will send their employees worldwide so that they can test out their products. The employees are given a certain amount of money to buy the products and test them out in their homes. They have to keep a journal about what they do with the products, how they feel about them, and any problems with them. They also have to give their opinion about the product as well. You will be doing this as part of your job once you get hired. You will get paid for all of this, so you must take your time and do your best to provide accurate results for Adidas. What Is It Like?The job of being an Adidas product tester can be entertaining and exciting, but it is also a little bit stressful at times. The first few times you test out a product, you will feel nervous and unsure of yourself because you don’t know what to expect. However, as time goes by and you get used to the job and the products, you will become more comfortable with what is going on. The company does not expect its employees to test every product they develop. Instead, they will choose a few products from their line to test out and then send them out to their employees for testing. How Much Can I Earn From Adidas Product Testing?Adidas Product Testing may not be for everyone as it does not offer any monetary benefits to the participant. But if you’re an Adidas enthusiast and have time on your hands, this is a perfect opportunity for you to get some testing done with all of the perks. Participants will also be able to return their product after the test period ends without paying shipping costs! So if you are looking for a rewarding experience from Adidas’ product testing experience, then go ahead and sign up today! Adidas will send you a test kit, which includes instructions on how long to wear the product and what amount of mileage. After wearing the gear for the required period, you’ll mail it back to be evaluated by Adidas. The company will pay the shipping fee. Will I Own The Adidas Tested Products?The answer to this question is, unfortunately, no. Adidas will own all products created as a result of the testing process. This means that you will not be able to purchase any of the tested products, regardless of whether or not you are satisfied with the results. While this may be disappointing for some, it is important to note that Adidas is already taking steps to ensure the products are made available as soon as they can be. You will also need to return the Adidas product once the testing time is over. Adidas Product Testing: How to Sign UpApply using the following link for Adidas product testing: source https://arrestyourdebt.com/adidas-product-testing/ Via https://arrestyourdebt1.tumblr.com/post/674317298583191552 Financial mastery is among the most critical skills you can teach your children. Understanding money can help individuals get ahead in life and achieve their ambitions. And so, if you’re looking to educate your kids on finances from an early age, consider kids’ debit cards, such as the Greenlight debit card, which is the highlight of this review. They’re the best tools for helping kids become financially sound and smart savers. Here, we’ll dive into the core aspects of this card for teens and kids, including its debit card details, key features, pros, and cons that should help you decide whether this modern alternative to banking suits you. What Is The Greenlight Debit Card?The Greenlight debit card is a unique alternative to banking. The debit card was developed by MasterCard exclusively for youngsters. The core concept is similar to loading money onto a gift card for a friend and giving it to them. Except with a Greenlight card, you can regularly add additional money to your children’s cards as you see fit via their convenient mobile cash app, which offers a seamless digital experience. You could even set up regular allowance funding so that you don’t forget to pay their weekly earnings. Moreover, you can limit where your child can spend their cash so that they don’t overspend in one category, like online gaming. With all of these wonderful advantages come even more perks, including teaching your kids how to invest! The Greenlight debit card allows parents to pay an allowance or purchase items online and set spending limitations to ensure their children do not go over what they agreed on. The card also comes with a family finance app, a feature-rich financial platform designed to assist parents in teaching their children critical personal finance skills and developing helpful money habits such as saving, acquiring, investing, spending, and using money responsibly. In essence, the money app is designed specifically for individuals to learn about money through the Greenlight prepaid card that comes with permissions, notifications, and safety measures. How Do I Get The Greenlight Card?You’ll need to have the following details to get started with Greenlight. Gathering everything beforehand may make the procedure go more smoothly:
After collecting these details, go to the Greenlight website and select the “Get Started” option. Next, you’ll be asked for your mobile number. When you enter it, you’ll be led to a screen asking if you’re the parent/guardian or the child. When you establish that you are a parent, you will receive a confirmation number through a text message. Then, create your account by providing your email address, setting a password, and deciding what user name your children will call you. In the next step, input your child’s name (or children’s names), phone number, and birthday. Fill out your personal information, accept the Cardholder Agreement and click Next. Finally, choose a financing source and present your Greenlight request approval. After approval, you’ll receive your card within seven to ten days. EligibilityThere’s no minimum age requirement for children to obtain a Greenlight debit card. So, as long as they know how to make purchases, kids of all ages can acquire the card. It’s also worth mentioning that adults can also use the card. And so, there’s no age limit whatsoever. When your children turn 18, they can acquire their Greenlight credit cards. Here is when also, you can initiate deep conversations about money and the dangers of credit card debt. How Much Does Greenlight Cost?A subscription fee with Greenlight starts at $4.99 a month per family and come with cards for, at most, five (5) children. In addition, this basic subscription includes the following features: • An educational app • Essential financial instruments • Parental restrictions • Reward for Greenlight Savings (up to 1 percent interest on Savings) • Saving, earning, investing, spending, and giving abilities The next plan is Green + Invest, which includes everything in the Greenlight plan along with investing platforms. This plan costs $7.98. Lastly, they have the Greenlight Max, which costs $9.98. Again, it includes everything in the Greenlight + Invest package, in addition to the following features: • Reward for Greenlight Savings (up to 2 percent interest on Savings) • Cash Back (1%) on All Purchases • Black Card with Greenlight • Priority access to customer service • Identity theft safeguards • Cell phone security • Purchase security It’s worth mentioning that the company will pay for your first month’s plan, and you can quit at any moment. There is a one-time price of $9.99 if you want to switch to a Custom Card. “What are the costs connected with Greenlight?” you might ask. Except for the monthly price charged by the provider, there are no other covert or extra fees except if your kid loses their Greenlight Card. The first card replacement is free of charge. After that, for any other further replacements, you will pay a $3.50 card replacement fee. How Do Greenlight’s Fees Compare To The Competition?In this section, we compare Greenlight to some of the other top cards in the debit card industry geared towards kids. BusyKidIn terms of options and features, BusyKid is perhaps one of the closest card products equivalent to Greenlight, including the possibility to assist your child in opening an investment account and discovering the foundations of investing. In addition, BusyKid is less costly than Greenlight. BusyKid family plans are $19.99 annually. They include one BusyKid pre-loaded Visa spend card. If you wish to create BusyKid accounts for several children, you’ll have to pay an extra $7.99 per child every year FamZooFamZoo, like Greenlight, allows parents to deposit real money straight to their children’s debit cards and assists them and their children in tracking saving, spending, and giving. Nonetheless, FamZoo does not provide the kid-friendly investment alternatives that the Greenlight premium plans do. A FamZoo membership costs $5.99 per month; families can save money by prepaying for numerous months (or years). GoHenryGoHenry is another popular kids’ debit card. Like Greenlight, parents may fund their children’s accounts, establish spending limits, assist their children in dedicating some funds for charity donations, and more. However, the biggest distinction between GoHenry and Greenlight, as with FamZoo, is that GoHenry does not provide any investing infrastructure. GoHenry charges $3.99 per child every month, and you may purchase a card customization for your children’s debit cards for an additional $4.99. Is Greenlight Safe?Greenlight adheres to many industry regulations and best practices as regards safety. This should give you peace of mind knowing that these safeguards will protect your kids and your family’s finances. Here are the most important things to know about the protections used:
Greenlight Plan Details And FeaturesHere we list out the top features and plan details for the Greenlight debit card. Children’s Prepaid Debit CardThe most outstanding feature of the Greenlight debit card is a prepaid card. Essentially, prepaid cards are forms of a payment card, which you can pre-load with funds and then use to buy products or services without a cash reload fee or taking on debt from the issuer. Prepaid debit cards, which function similarly to bank account withdrawals while purchasing goods and services, are the most widespread sort of prepaid card. Because kids can only use what’s left on their Greenlight card, prepaid cards for children let you prevent non-sufficient funds penalties and overdraft charges. Different Types Of Parental ControlsParental restrictions are among the most essential features offered by Greenlight Debit Card since they top the industry when it comes to control. Greenlight employs a permission-based spending restrictions system where parents can establish rules for specific stores and shopping categories. When individuals set spending limitations, they can place their choices on their child’s spending at a particular retailer or within a specific spending category. These controls are as discussed: Store-level ControlThis card is so far the only prepaid card that allows parents to choose which stores their children can use their card at. And, if you’re worried that this isn’t enough control, Greenlight will send you an alert if your kids attempt to spend money; they shouldn’t. Even if they only shop where they are permitted, you will be notified whenever the Greenlight debit card is used. It also notifies you when the debit card transaction is refused for whatever reason. This level of visibility into when, where, and exactly how much your children used is unrivaled by any other debit card for kids. On the other hand, do you want to provide your kid with some spending flexibility? You can do this by putting your child’s allowance cash, birthday money (or any additional funds you’ve deposited onto the card) in the Spend Anywhere category. This enables them to spend their cash how they see fit. Your kid can spend money in the Spend Anywhere Class at any business that accepts MasterCard. This card allows you to link your child’s individual Spend Limits to their Spend Anywhere fund, allowing them to combine monies toward a particular purchase. For instance, if your kid goes to Walmart and spends $20, but they only have $13 in their Spend Control balance when you enable this setting, the difference will be deducted from your child’s Spend Anywhere function. This will help prevent your kids’ essential purchases from being denied. Different Classes Of SpendingGreenlight divides purchases done by children and teenagers into five categories, including online gaming, restaurants, grocery stores, gas stations, and ATMs. It’s worth mentioning that when you first sign up for Greenlight, gas stations, restaurants, grocery stores, and online gaming function more like budgeting suggestions than true spending limitations. This means that you can set cash in the Spend Anywhere fund and allow your kids the freedom to purchase from either of them. Nevertheless, this feature doesn’t apply to ATM access. The underlying reason is to prohibit your kids from withdrawing beyond the amount set for the ATM Spending Category. In-App PermissionsIf your kid goes to a different store without your permission but lacks sufficient funds in their Spend Anywhere Control, they can notify you via the application to make a real-time ask for additional funds. Put Your Child’s Greenlight Card On HoldIf you misplace a Greenlight Card or lose it, you can easily turn it off using your parent app. Then, when you find it, switch it back on. Parent-Paid InterestPaying your interest rates is a significant benefit of certain checking accounts for children since it can assist parents in encouraging their children to save extra money for their financial future. In addition, it’s a method for teaching your child the rewards and responsibilities of managing money, creating goals, and saving money to achieve them. This type of interest is a yearly rate you set in the Greenlight app for your child’s General Savings balance. You only need to set up an automatic transfer from your parents’ wallet to their account, and the interest will be credited on the first of every month. Greenlight assesses and pays interest regularly based on your child’s “Total Savings” average daily amount for the preceding month. This is the total amount saved from both Savings Goals and General Savings. You may pick how much interest your kid’s savings balances earn with this function. If you want your kids to make a lot of money, you may choose your interest rate to pay even up to 100%. If it is too pricey for you and you’d prefer to pay a reasonable interest rate, you can adjust the number to as little as 1%. It’s entirely up to you! This tool will teach your children the importance of saving money. In addition, you can show them how savings accumulate with each monthly payment. You Can Make Direct DepositsDirect deposit is one of the most useful aspects of a debit card for children. Your child’s income will be deposited straight into their account with direct deposit. Direct deposits are also beneficial since they can assist an adult in managing when money should be deposited into their bank account and when to transfer cash for any anticipated expenses. Teenagers with employment can use the Greenlight Debit Card to receive their salaries immediately on their card. The Famous Round-UpsLike the well-known micro-With Greenlight, parents also have a better way to manage family finances with automatic allowance payment, chores tracking, flexible spend controls and more.
Morgan Stanley CashPlus offers clients a modern alternative to banking. (morganstanley.com)investing program Acorns, Greenlight adds more saving capabilities with its Round-Ups function. This enables children to round up their purchases to the nearest dollar and automatically deposit the money into their General Savings. For example, if consumers spend $5.25 at an online shop, they can round it up to $6.00 and save the difference of $0.75 immediately. Parents and children can manage Round-Ups in their app’s Savings tab. You Get Rewarded For SavingThe greatest debit cards for children are more than just teaching them responsibility. They have also disguised savings accounts, as funds are pulled from the card’s connected checking account, and all transactions are processed via it. Learning how to manage these finances can educate children not only on how to save and monitor their funds but also how to save and budget for longer-term goals. Greenlight’s Savings Rewards function acts as a savings account. The basic plans give a 1% savings bonus on average monthly balances up to $5,000. Furthermore, users in the Greenlight Max plan will witness their Savings Rewards double up to 2%. You Can Automate AllowancesOne important financial lesson that parents introduce to their kids is the value of work. In general, kids who complete their tasks, however simple they are, are more likely to succeed in the workforce later in life. However, the incentives for doing tasks are also worth investigating: are your children working more around the home because they know you’ll reward them or because it provides them a greater sense of accomplishment? Because every person is unique, so are their motives. But, on the other hand, Routines can help develop good spending habits that will last a lifetime. As a result, establishing a task system early on and rewarding kids with money earnings can have a favorable impact—children’s actions can serve as models for our adult behavior. Earning an allowance for housework can instill a sense of accountability and pride in children. Allowance Automation, a Greenlight feature, allows parents to organize particular chores for their kids on the parent app. They will be paid once they have completed that work or every time it is allocated to them. Parents may choose to pay them once a week (or once a month) or daily. The nicest aspect about this function is that parents may tailor the allowance to their child’s age and activities around the house. For instance, if your kid does regular duties such as sweeping, cleaning dishes, or taking out the garbage, you may pay them $0.50 each time they perform it. If you want your children to undertake chores that demand more precise instructions, you can choose to give them a larger allowance—increase their daily balance. This provides them with the motivation to do what is expected of them. Sometimes, it can be tough for parents to strike a balance between giving their children an allowance and going overboard. And so, try measuring how much they earn and how long it takes them to perform their chores by implementing Allowance Automation. In this way, they can swiftly earn money through chores’ completion. The Automatic Money Transfer FeatureThe capacity to send data instantly is quite useful for parents. For example, your card transfers to your Parent’s virtual wallet will appear immediately; however, your bank account transfers will generally take 3-4 business days after starting the transfer for verified bank accounts with appropriate funds. The company may grant quick money to speed your move depending on your Greenlight history. Some parents use this to pay for their children’s weekly tasks. In addition, the ability to transfer funds instantly eliminates the need to visit a physical bank, which may be challenging for youngsters who do not have transportation or are busy adults. It also helps parents assess how much funds they give their kids and whether they should provide more or less over time. Greenlight’s Investment PlanGreenlight + Invest in a savings account for children. When combined with your Greenlight online banking for adolescents, it’s simple to use. In addition, the application will teach the fundamentals of investing, such as how to trade in stocks and exchange-traded funds (ETFs). Because connected accounts from the custodians’ banks or brokerages are required, it works best if older people participate in the process. The investing policy on the all-inclusive plan teaches children critical financial skills such as money management and investment basics using actual money, real stocks, and realistic examples. You can utilize the investing function to do the following:
The company provides identity theft, phone, and purchasing protection, only accessible with the pricier Greenlight Max package. To start with, Greenlight monitors, alerts, and restores status regarding identity theft protection for the entire family. Experian usually provides this coverage. On cell phone protection, with the Greenlight Max plan, your children (max. five) are covered for damaged, stolen, or lost phones. This coverage includes reimbursement for the cost of repairing or replacing your child’s cell phone in the case of damage, as well as up to $600 per complaint if it is destroyed, lost, or stolen. You can make two claims every calendar year, up to a total of $1,000 per card. Unfortunately, a $25 deductible per claim for the Virginia Surety Company coverage is not available to plan participants in New York. Lastly, purchase protection allows consumers to request reimbursement for the cost of repairing or replacing an item purchased with the card. This feature is permissible if the product is destroyed or stolen within four months of the purchase or delivery date, up to a maximum of $100 per item and $1,000 per calendar year. Who Is Greenlight Suitable For?Despite its restrictions, Greenlight has a lot to offer. However, before signing up, parents should look through all of the fine print and the purchase and withdrawal procedures to ensure they understand what they’re getting into. We also advocate playing around with the application and learning how it works so that kids aren’t caught off guard and unable to access their funds when they need them. Having said that, Greenlight is best for:
Pros And Cons Of The Green Light CardPros Of The Green Light Card
Undoubtedly, this card has a unique level of specificity in parental and ATM withdrawal controls.
Greenlight incorporated an investment platform into its service, allowing parents to authorize each ETF transaction or stock.
Greenlight allows parents to pay interest on their children’s savings goals, motivating them to save and helping them understand the significance of compound returns.
Greenlight offers savings incentives in the form of interest (1 percent – 2 percent, depending on the plan).
Kids can earn at least 1% cashback on Greenlight card purchases with the superior Greenlight Max product.
Greenlight scales by allowing up to five children to receive a card. Each additional child incurs a monthly charge.
The program offers real-time notifications for spending activities, besides in-app, real-time calls for additional funds in children’s Spend Anywhere accounts.
The Greenlight app helps you manage chores and allowances by providing in-app tasks, monitoring, and assessment, as well as automated allowance payouts. While some prefer personal approval reminders for allowance, some parents may appreciate these automatically generated payments to send their children the money they’ve earned as allowances without delays. A Few ConsGreenlight’s investing plan has a monthly charge. While it’s convenient to have all of your financial decisions in one place, Greenlight’s investing design begins at $7.98 a family per month for up to five children. That’s very pricey when you realize that there are less expensive solutions, such as the Acorns Family plan, which costs $5 per month, or the BusyKid debit card plan, which costs $19.99 per year. While the latter offers less functionality and poorer client satisfaction scores, it is less expensive than the Greenlight + Invests plan. Greenlight does not presently allow you to reload cash straight to the card from selected stores across the country. However, even if it comes at a cost, this feature can enable access to the most financially marginalized communities. A Greenlight card review suggests that options such as Famzoo and BusyKid allow individuals to lend funds to their children (with or without interest) to finance bulky purchases. This feature can provide a secure atmosphere for learning about borrowing before acquiring a credit card or progressing onto any other lending product outside the home. Greenlight Debit Card FAQsDoes Greenlight give you a card?The Greenlight card has some useful functions, but it isn’t revolutionary. Instead, it’s a prepaid debit card that you may receive from almost any bank or credit card company (Greenlight is a Mastercard). How much money can you load onto a Greenlight card?A Greenlight account can hold a maximum of $15,000 for the principal account and $7,500 for sub-accounts. Is it possible for my 11-year-old to have a debit card?The Greenlight card for children is ideal for anyone of any age! However, the degree of freedom with which children are permitted to use their cards varies according to their age—younger children may require more assistance from adults to get started. Ideally, the sweet spot for when kids get their own card is around the ages of 10 to 18. Which bank has Greenlight?Greenlight is a legal organization that provides Mastercard debit cards that adults can manage via an app. They are issued by the Community Federal Savings Bank, an FDIC-insured bank. Can my parents see what I’ve bought on my Greenlight debit card?Parents may technically see where a product was purchased as well as the total dollar amount paid. However, they can’t see what you bought. Your debit card purchases, however, can raise questions; for instance, if you spend money on a gas station when you don’t have a car, they might ask. Is there a foreign transaction fee levied by Greenlight?The Greenlight debit card is accepted in over 150 countries and has no international transaction fees. ConclusionUndoubtedly, the Greenlight card is a useful tool for raising financially-smart kids, teaching your children about the value of work, investment, and smart money management. It also effectively motivates them to perform their assigned tasks due to its allowance automation system. Moreover, it monitors how, where, and when your kids spend their funds, which helps to ensure that they make sound financial decisions. And so, if these three basic card benefits appeal to you, you should consider acquiring them. Nevertheless, our analysis shows that it compares unfavorably with other companies regarding cost. The Greenlight card is rather expensive. Options like Busykid and Famzoo come with top-notch features, making them seem undesirable. Perhaps, suppose the company lowers the monthly subscription price. In that case, it can occupy a unique position in the industry because, apart from offering the card, it provides an app for families—which some of its competitors lack. source https://arrestyourdebt.com/greenlight-card-review/ Via https://arrestyourdebt1.tumblr.com/post/674226698720526336 |
Unique BalistreriHi I am Unique Balistreri, 37 years old from Texas, TX, USA, working on Online Digital Marketing from the last 7 years. Here I am sharing special tips about it. |