Grow Money Articles
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Active Income and Passive Income: The Differences to Know
Do you know that making money and earning money are two different things? The words are often interchangeable, but they support two vastly different lifestyles. This difference can mean more or fewer hours working or having fun. When most people think of money, they’re probably only thinking about having more of it, not necessarily about the different ways of making…
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Best Online Brokerages for Beginners (2022)
Are you looking for online brokers to help you with investing? Welcome to the phroogal 5, a series of the five best apps. We’ve done the work to narrow down the best choices. Want more options? Check the marketplace. The two most common types of investment accounts are taxable brokerage accounts and retirement accounts such as 401(k) plans and IRAs.…
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How to Invest in Real Estate (4 Ways)
Real estate investing is an exciting way to earn passive income. It allows you to invest in properties while living elsewhere, enabling you to build wealth and live life on your terms. However, if you want to get started, you might be wondering where to start. Real estate can be a great investment strategy and a way to diversify your…
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Is It Too Late to Start Investing? 3 Simple Steps to Begin at Any Age
It is never too late to start investing. You should start saving for retirement when you first started earning income, but that may not be reasonable for most people. Here’s the thing: you are never too old to start investing. Regardless if you are 30, 40, or 50 years old, it’s never too late. Sure, the later you start, the…
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Best Robo-Advisors for Just About Anyone (2022)
Are you looking for the best Robo-advisors to help you with investing? Welcome to the phroogal 5, a series of the five best apps. We’ve done the work to narrow down the best choices. Want more options? Check the marketplace. Robo-advisors are becoming increasingly popular among investors. They offer an alternative to traditional financial planners who charge high fees and…
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How to Invest as a College Student – 5 Easy Steps
You definitely should invest as a college student. Don’t just take my word on it. Many financial advisors recommend investing as early as possible. Why? The power of compounding and an early start extends your investment time horizon. It’s is an excellent way to achieve financial security. Now, you might be thinking you don’t have the money to invest with…
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How to Buy Shiba Inu Coin (5 Best Apps)
Are you looking to buy Shiba Inu coin? Fortunately, you have a wide range of account options to buy the meme coin from popular crypto exchanges and online brokerages with Shiba Inu coins. What is the Shiba Inu Coin? Shiba Inu Coins (SHIB) is a cryptocurrency alternative to the meme coin DOGE, both inspired by the Shiba Inu dogs. SHIB…
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How Many Years to Reach Financial Independence
How can you calculate the number of years it will take to reach financial independence? The term financial independence gets used often because it’s such a compelling goal. Financial independence is when you have enough assets that produce income to cover your living expenses indefinitely. Essentially, once you reach FI, working for money is optional. 3 Steps to Calculate the…
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How to Calculate Your Financial Independence Number
Reaching financial independence may be challenging but not impossible. It also sounds complicated, but in just a straightforward calculation, you can get an estimate of how much money you’ll need to be financially independent. I define financial independence as having enough income to pay your living expenses indefinitely without the need to work or earn income. The Financial Independence Number…
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How to Achieve Financial Independence
Stage 4 on the financial wellness roadmap is financial independence. From financial security to being financially independent, your ability to grow assets and create incomes streams frees you from the need to work for money whether for a period of time or for the rest of your life. What is Financial Independence? Financial independence means having enough income to pay your living expenses indefinitely…
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