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☆ A young couple who owns 23 properties got started with $11,000. They walk through how they find property, increase its value, and then leverage each one to purchase the next.
▼ + stars: | 2022-12-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Kevin Paffrath and his spouse Lauren Paffrath leveraged their first home to buy additional property. They bought houses that were below market value and fixed them up. Kevin Paffrath was nervous about purchasing his first property. In an interview with Insider, Kevin, who's running for governor in California, broke down the key steps they took that helped them qualify for the next property purchase. His biggest advice for beginners is to buy property under market value.

☆ There's at least one big name investor who won't be fighting the Fed next year.
▼ + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.

☆ A real estate investor who retired at 32 shares his 5 best pieces of advice for beginners heading into 2023 — including why it's just as important to know when to exit as when to buy
▼ + stars: | 2022-12-23 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

After just five years of investing in real estate, Justin Sloan officially retired at the age of 32. When he was 32 years old, just five years after purchasing his first real estate property in 2011, Justin Sloan officially retired. And while residential real estate investing has stolen the headlines this year, Sloan found success by investing in commercial real estate properties. Instead, Sloan still believes that beginners should start out the more traditional way — by investing in residential real estate. "The lessons that I learned in residential real estate carried over to commercial," he told Insider in a recent interview.

☆ A 28-year-old who owns 42 cash-flowing properties explains how he started investing in real estate without any cash, and shares his top 6 tips for beginners
▼ + stars: | 2022-12-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Thomas Harr began investing in real estate after trying to fix and flip and wholesale. Today, Harr owns 42 properties, many of which are multi-family homes that have numerous rental units within them. And, throwing the nicest stuff in these houses that sometimes they don't need," Harr said. And that's where a lot of people get this real estate investing game a little bit wrong. As for the past year's rising interest rate, Harr says there's never going to be a perfect time to buy real estate.

☆ 5 easy holiday treats that take only 15 minutes to make, from a pastry chef: 'They're always a hit'
▼ + stars: | 2022-12-21 | by ( Gesine Bullock-Prado | ) www.cnbc.com time to read: 1 min

Intimidated by the idea of baking homemade sweets? That's not surprising, since the recipes can often be too elaborate for beginners. As a pastry chef of 18 years, I've written six cookbooks and run a baking school in Vermont called the Sugar Glider Kitchen, and my goal is to show people how easy baking can actually be. If you're looking for something easy and elegant, here are five holiday treats that take only 15 minutes to make — and they're always a hit!

In this guide, we'll give you a crash course on how to quickly earn credit card rewards and book free travel. If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ A financial coach shares 9 ways to earn $8,000 a month in passive income to prepare for a recession, inflation, or layoffs
▼ + stars: | 2022-12-15 | by ( Alexandra York | Junior Entrepreneurship Reporter | Read More | ) www.businessinsider.com time to read: +7 min

Andrea outlines 9 of the easiest ways to earn passive income, including resale and blogging. She took her experience building passive income streams and teaching herself the fundamentals of financial literacy to launch the financial-advice blog The Financial Cookbook in February 2021. Julia CheskyAndrea said companies typically contact her about brand partnerships, but she encourages other entrepreneurs to be more proactive when looking for passive income avenues. She recommends selling old clothes, coupons received in the mail, or finds from garage sales or local stores. Nicholas Waskosky, a Poshmark seller, earns five figures a year selling old or upcycled clothes on the platform.

☆ A retired football player-turned stock trader shares the top 4 strategies that helped him go from losing over $34,000 to making over $400,000
▼ + stars: | 2022-12-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Ellis Hobbs began trading stocks from his mobile phone in 2016. During this time, he heard about trading stocks from a colleague he had been doing business with, he said. It prompted him to apply to Sykes' Millionaire Challenge, an online educational and training course that helps beginners learn to day trade. That same year, he started trying to trade stocks from his mobile phone. He deposited enoughcash into his brokerage account to meet the pattern-day-trader rule, which requires a minimum $25,000 deposit to day trade.

The Chase Freedom Flex℠ is worth considering on its own, but you can actually boost the value of your rewards when you pair it with certain other Chase credit cards, including the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, and Ink Business Preferred® Credit Card. Chase Freedom Flex benefits and featuresThe Chase Freedom Flex℠ comes with substantial purchase and travel protections, including select World Elite Mastercard benefits that you don't often find on no-annual-fee cards. Read our review Read Our Review A looong arrow, pointing rightChase Freedom Flex fees and costsThe Chase Freedom Flex℠ doesn't charge an annual fee, so it's a great long-term keeper card. The Chase Freedom Unlimited® and Chase Freedom Flex℠ are both excellent cards, but they're suited to different types of users. If you're torn between the Chase Freedom Flex℠ and Chase Freedom Unlimited®, have a look at our comparison of the two Freedom cards to narrow down your choice.

☆ This 28-year-old built a side hustle that brings in $30,000 a month: 'I only have to work 6 hours a week'
▼ + stars: | 2022-12-06 | by ( Quinn Miller | ) www.cnbc.com time to read: +4 min

Quinn Miller started his vending machine business as a side hustle in 2020. That spring, I read on Twitter about someone making passive income by placing vending machines in office buildings. I only have to work six hours a week on vending machine operations. One vending machine business owner, for example, has 21 locations but only pays one venue 15% of his monthly profits. Vending machines are heavy and dangerous to move, so it's hard to fit them into tight spaces.

It's impossible to name one single best credit card, given the wide range of benefits, rewards, and annual fees available. Show more Regular Annual Percentage Rate (APR) 19.74% - 26.74% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Show more Regular Annual Percentage Rate (APR) 20.74% - 27.74% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Read our review Read Our Review A looong arrow, pointing rightBest secured rewards card for building credit Discover it® Secured Credit Card 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match – only from Discover. Show more Regular Annual Percentage Rate (APR) 26.74% Variable Editor's Rating 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

Finance expert Dominique Broadway tells moms who want to start investing that it's never too late. Financial coach Dominique Broadway, the CEO of Finances Demystified, urges moms to change their mindset and start making time for investing. If you're a busy mom who wants to start investing, here are Broadway's four tips to get going. Automate your investmentsBroadway suggested a "set it and forget it" strategy for moms who wanted to start investing. "With technology, there's just no reason for anyone not to start investing," she said.

Instead, she invested more than half of her $40,500 down payment savings in the stock market. She took the second failed attempt at buying as a sign to shift gears on her house hunt and make better use of her down payment savings. She transferred $10,000 of her down payment savings into an I bondGarcia now has $18,586 in her down payment savings fund. She decided to invest $10,000 of that into a type of savings bonds issued by the US Treasury known as I bonds. By transferring her down payment savings into I bonds, Garcia is letting her down payment savings grow passively until she's ready to buy her first property.

It's impossible to name one single best credit card, given the wide range of benefits, rewards, and annual fees available. Show more Regular Annual Percentage Rate (APR) 18.99% - 25.99% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Show more Regular Annual Percentage Rate (APR) 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Read our review Read Our Review A looong arrow, pointing rightBest secured rewards card for building credit Discover it® Secured Credit Card 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match – only from Discover. Show more Regular Annual Percentage Rate (APR) 25.99% Variable Editor's Rating 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

☆ A mom of 3 quit her toxic job to be a reseller on Poshmark. She loves it but warns it's a '24/7' commitment.
▼ + stars: | 2022-11-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The 48-year-old New Yorker now works full time selling clothes, shoes, and bags exclusively through the reseller platform Poshmark. She say that she "loves" what she does and that the decision to leave her former employer "forever changed" her life. She says the work of shopping, sanitizing, photographing, listing, packaging, and shipping could make it feel like a "24/7 job." She does everything by herself and says she typically works at least 12-hour days, shipping items every day except Sunday. Finally, Murray says that while one doesn't necessarily have to quit their job to be successful on Poshmark, they do have to "go full time mentally."

☆ Meet a 26-year-old who acquired $1 million in real estate properties starting with an $18,000 loan. He explains his strategy, and why beginners should purchase their first homes through FHA.
▼ + stars: | 2022-11-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

James Walker III has acquired $1 million in real estate properties at 26 years old. Four years ago, he used with an $18,000 loan to buy his first FHA property for $350,000. "So you see that genesis of both real estate and entrepreneurship coming in my formative years through seeing my parents really go big in real estate," he said. With an FHA loan, the property must be the borrower's primary residence for at least a year. You build this up foundationally and you set yourself up for the day where real estate surpasses your primary income."

☆ A young couple accumulated 30 rental properties in less than 2 years. They share how they got started on their first property and quickly scaled without using their own money.
▼ + stars: | 2022-11-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Camron and Alexis Cathcart sold their home and put a down payment on a rental property. Camron and Alexis Cathcart own 30 rental units that they say bring in enough cash flow to make them financially free. And we grabbed a pack-and-play for our 2-week-old daughter," Camron said. So they kept their cash in the bank as a cushion and used a private money loan from a family friend to purchase the second property and a hard-money loan for the third property. They repeated this process several times until they accumulated 30 cash-flowing rental properties in less than two years.

☆ Wall Street activism is proving its influence on corporations. Just look at Disney's Bob Iger.
▼ + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Investors are still digesting the news that Bob Iger will reprise his role as the chief executive of Disney. Bob Iger, CEO of Disney Charley Gallay/Stringer/Getty Images1. On Sunday, Disney announced legendary leader Bob Iger would return to his post as CEO and replace Bob Chapek, even though Chapek just months ago signed a contract extension. Disney stock had plunged 21% since Chapek's appointment in February 2020. As long as these headwinds batter the stock market, investors are likely not going to sit idly by and watch what they believe to be mismanagement by corporate leaders.

It's impossible to name one single best credit card, given the wide range of benefits, rewards, and annual fees available. Best secured rewards card for building credit Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best business credit card Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightBest secured rewards card for building credit Discover it® Secured Credit Card 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match – only from Discover. Show more Regular Annual Percentage Rate (APR) 25.99% Variable Editor's Rating 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

☆ 4 real estate investors explain how their investing strategies have shifted, why they're still buying property right now, and their advice for beginners
▼ + stars: | 2022-11-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Veteran real estate investors agree that now is an excellent time to expand your property portfolio. Veteran real estate investors agree that now is an excellent time to expand your property portfolio if you have the means. Mike Zuber is 'ecstatic for what's coming' and writing 'aggressive offers' twice a weekReal estate investor Michael Zuber and his family. Matt 'the Lumberjack Landlord' is preparing for rent delinquencies and a market correctionNew Hampshire-based real estate investor Matt "the Lumberjack Landlord" and his family. Courtesy of Matt and AshleyOne veteran real estate investor is gearing up for rough economic times and a potential 2023 recession.

☆ FTX: Customers who trusted crypto giant may be left with nothing
▼ + stars: | 2022-11-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But a liquidity crunch last week forced FTX to halt withdrawals, leaving customers and investors in limbo. In theory, FTX’s customers should get a cut of what’s left of the company’s assets at the end of the bankruptcy process. And FTT coins, the crypto token issued by FTX, have lost more than 90% of their value over the past week.) But I think this is actually good for the industry long-term.”The giant crypto exchange briefly emerged as a lifeline for FTX before reversing course last week. Correction: An earlier version of this article misstated the name of the law firm Loeb & Loeb.

☆ How selling neighborhood 'trash' on Facebook Marketplace for 5 hours a week landed a 27-year-old an extra $37,000 this year
▼ + stars: | 2022-11-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Sarah Scott, 27, spends five hours per week selling found furniture on Facebook Marketplace. Within 48 hours, she'd sold it all on Facebook Marketplace, a section of Facebook where users can buy and sell goods, often to and from people in their local area. She says she spends just five hours per week on her side gig — three hours for driving and picking up items and two hours for staging, photographing, and listing items online. And some, like Scott, have embraced reseller platforms like Poshmark or Facebook Marketplace to earn extra cash or become full-time resellers. While she occasionally ships items, Scott leaves the vast majority of them on her porch for buyers to pick up and they can pay her through Venmo.

☆ I've made $740,000 on Airbnb this year. Here's my best advice for beginner hosts to maximize success and avoid common mistakes.
▼ + stars: | 2022-11-10 | by ( Narina Exelby | ) www.businessinsider.com time to read: +8 min

They bought their first short-term-rental property in 2019 and scaled while working full time. My wife, Jill, and I bought our first short-term-rental property in November 2019 after moving to Nashville. These are my best pieces of advice for beginners to avoid common pitfalls when investing in short-term-rental properties. Always plan for the worst-case scenarioI always use conservative numbers when I evaluate potential properties in my Google Sheet template. I rerun the numbers to see what the break-even point is and what the best potential profit could be.

It's impossible to name one single best credit card, given the wide range of benefits, rewards, and annual fees available. The best credit cards of 2022 Wells Fargo Active Cash® CardChase Freedom Unlimited®Wells Fargo Autograph℠ CardChase Sapphire Preferred® CardCapital One Venture Rewards Credit CardCapital One Venture X Rewards Credit CardCiti Custom Cash℠ CardChase Sapphire Reserve®Capital One SavorOne Cash Rewards Credit CardU.S. Bank Altitude® Connect Visa Signature® CardChase Freedom Flex℠Discover it® Cash BackU.S. Bank Cash+® Visa Signature® CardCapital One QuicksilverOne Cash Rewards Credit CardCiti® Double Cash CardCiti Premier® CardWells Fargo Reflect® CardDiscover it® Secured Credit CardInk Business Preferred® Credit CardCapital One SavorOne Student Cash Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best secured rewards card for building credit Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best business credit card Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightBest secured rewards card for building credit Discover it® Secured Credit Card 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match – only from Discover.

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