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Top Websites That People Who Want To Get Rich Have To Bookmark

Top Websites That People Who Want To Get Rich Have To Bookmark

The expansion of the internet caused the creation of numerous websites. Some are dedicated to entertainment, others are social networks which help people stay connected and there are those websites which are dedicated to business. Unfortunately, people tend to get lost in this sea of possibilities and lose focus on what is really important.

I am talking about earning money and finding the right way to earn a decent amount to have a less stressful life. In this sea of internet information, there are many websites which serve to give quality information and help people make the right choice when investing their money, with the end goal of becoming rich. If you want to become a financially independent person, you should definitely bookmark the following websites and spend more time gathering information from them.

1. RockStar Finance

Rockstar Finance

    This is the perfect website to start off with when gathering information about the world of money. The website was created by J. Money, with the goal of gathering all valuable articles that are helpful to people who want to ensure their financial future. The creator is an experienced blogger who created this website in order to share the best blog articles from a variety of other bloggers who offer interesting insights on money related topics.

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    The website team reviews more than 200 articles per day and chooses those which are most helpful to publish on the webpage. Beside the vast amount of articles, you can also see information about the net worth of the best finance bloggers. The net worth list is updated every month so you are always up to date with financial figures of successful finance bloggers.

    The website also offers a list of a must-read money books. Given all this, this website is the perfect choice for those who want to gather as much advice as possible from the financial world. This web page should definitely be in your bookmark list.

    2. I will teach you to be rich

    I will teach you to be rich

      This website was created by a best-selling author of a personal finance book, Ramit Sethi. It offers great insight into the way you should change some things in your life in order to become successful. The creator guarantees free tools on his webpage. All you have to do is subscribe with your email address.

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      This website offers solutions which will affect many areas of your life because it does not only offer financial tips, but psychological ones as well, because the author also has psychological knowledge, which according to the users of his website, does wonders. His basic tips start off with earning more money with the skills you already possess, finding a dream job and creating the perfect saving system which allows you to spend money on things you love.

      Due to the fact that this author was featured in The New York Times, The Wall Street Journal, CNN, PBS and many other well-known networks, you should definitely subscribe to his website and get access to the advice this person has to offer.

      3. Finance at Khan Academy

      Finance at Khan Academy

        This website provides great video material for numerous areas of financial planning. It covers basic tips on various big life expenses such as getting a house or a car but it also offers tips when it comes to stocks and bonds or compound interest, etc. The tutorial videos are usually under 10 minutes.

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        This is enough time to cover everything you should know and it is very useful as it takes a very small amount of time, so there are no excuses, no matter how pressed for time you are. If you want to save time and you are a good visual learner, this website is the best choice as the knowledge you can find there will certainly make you more financially educated.

        4. The Motley Fool

        The Motley Fool

          This website boasts an incredible community of successful investors. A strong community is very useful because you can exchange your thoughts with other people who may be more experienced and have already gone through a financial situation you are currently facing. The website also has free and paid solutions that help many users make the right financial sources.

          The newsletter is a fee based service which is very helpful as it servers as your personal advisor. This feature servers to give you an advantage over your competition when it comes to the moment of making the perfect investment at the perfect moment. A very good free tool is called CAPS. This is a community of people who exchange their thoughts and provide good insight into the perfect choice for appropriate stocks.

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          Using this tool, you will be able to minimize the risk when making an investment. You can also follow some of the most successful investors and follow in their footsteps on becoming a great investor. This website also offers various types of materials ranging from materials for beginners to perfect materials for those who are more experienced. This website should definitely be on your bookmark list if you plan to become a true financial expert.

          5. Investopedia

          Tutorials Investopedia

            This is a great website for beginners, as it provides all sorts of tips and tutorials important for financial success. Tutorials which are at the user’s disposal vary from personal finance to professional investing tips. Novice investors are to find an abundance of investing guides which provide knowledge that will turn them into true professionals.

            One of the reasons for using this website is that it has a stock simulator. This feature alone makes this site a must in your bookmark list. The stock simulator gives all beginner-level investors a place where they can practice investing in order to get ready for the real deal. By using the simulator, you can evaluate your progress and focus on some mistakes you are making.

            Another feature that welcomes inexperienced people to the financial world is the included financial dictionary which is full of various financial terms. Everything on this website is focused on helping people who are new to the investment business but it also gives more than enough material for those who are experienced financial experts.

            To sum up, these websites are perfect for people who want to get more financial education and improve their financial status. Whether you are starting an online business or simply looking into making the right investment, these website will greatly improve the financial concepts you currently have. The best way to learn about finance is by combining useful information from all of these websites. Do not focus on a single one as the amount of information is much greater when it is coming from several different sources.

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            Vladimir Zivanovic

            CMO at MyCity-Web

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            Published on January 8, 2021

            How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

            How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

            Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

            The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

            Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

            What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

            Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

            1. Pay More Than the Minimum Credit Card Payments

            Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

            Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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            You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

            The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

            2. Start With High-Interest Credit Card Debt

            If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

            First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

            At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

            3. Revisit Your Budget

            Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

            You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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            Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

            If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

            4. Avoid Using Your Credit Cards

            Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

            The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

            It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

            5. Start a Side Hustle to Boost Your Income

            You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

            If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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            Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

            It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

            6. Sell Your Used Items for Extra Cash

            Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

            A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

            Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

            When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

            7. Know When to Seek Help With Your Debt

            Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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            There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

            In extreme cases, the debt solution can be:

            • Debt relief – where your debt is partially or wholly forgiven
            • Debt consolidation – taking out one loan to repay others
            • Debt settlement – the creditor forgives a significant portion of your debt
            • Bankruptcy – legal process for seeking relief from some or all your debts

            It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

            Wrapping It Up

            Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

            So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

            More Tips on How to Pay Off Debt

            Featured photo credit: rupixen.com via unsplash.com

            Reference

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