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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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            Last Updated on July 10, 2020

            The Definitive Guide to Get out of Debt Fast (and Forever)

            The Definitive Guide to Get out of Debt Fast (and Forever)

            Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

            Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

            Identifying All of Your Debts

            The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

            Here’s how you can get started identifying your debts:

            1. Own Your Debt

            Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

            Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

            2. Make a Debt Tracker

            It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

            Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

            3. Get Your Debt Number

            Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

            Prioritizing Your Debts

            All debt is not created equal. It’s imperative to understand that there are different types of debt.

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            1. Understand Bad and Good Debts

            Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

            There are three main types of bad debt:

            • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
            • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
            • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

            Good debt is identified as investments in your future. Here are three common types of good debt:

            • Student Loan Debt
            • Mortgage Loan
            • Business Loans

            2. Decide Which Debt to Pay off First

            Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

            Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

            If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

            3. Don’t Pay the Minimum Amount

            Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

            Removing Obstacles to Pay off Debt Quickly

            Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

            1. Set a Reminder to Track Your Debt

            “If you can’t measure it you can’t manage it.” -Peter Drucker

            It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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            Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

            Set weekly and monthly goals so you can have short term wins and keep the momentum going.

            2. Hide Your Credit Cards

            If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

            Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

            3. Automate Everything

            Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

            4. Plan Ahead

            Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

            For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

            5. Live Cheaply

            The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

            • Live with roommates
            • Cook dinners and prepare lunches for work instead of eating out
            • Cut cable and choose Netflix or Amazon Prime
            • Take public transit or bike to work

            Finding the Lowest Interest Rates

            The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

            If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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            1. Maintain a High Credit Score

            Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

            • Never miss a payment
            • Don’t exceed 30% of your credit limit
            • Don’t sign up for more than one card at once
            • Limit hard inquires, like auto-loans and new credit cards
            • Monitor frequently with free credit-tracking software

            2. Find Balance Transfer Offers

            Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

            Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

            If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

            How to Get Rid of Debt Forever

            Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

            1. Keep Monitoring and Adjusting

            Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

            Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

            2. Earn More Money

            There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

            Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

            Here are some examples of ways to earn more money:

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            Talk to Your Boss

            Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

            Start a Side Hustle

            This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

            Build an Online Business

            There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

            3. Celebrate Your Wins

            As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

            While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

            4. Set New Financial Goals

            Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

            Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

            These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

            Conclusion

            Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

            Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

            More Tips on Getting out of Debt

            Featured photo credit: Pepi Stojanovski via unsplash.com

            Reference

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