Category: Personal Finance (Page 1 of 2)

Things You Can Start Now to Earn More Money in 2023

ways to make more money in 2023.
Ways to make more money in 2023.

The year is almost over but it’s not too late, there are still things you can start now to earn more money in 2023.

In this article, I’m going to walk you through 5 different ways you can begin to set yourself up for financial success next year.

If you enjoy this article, be sure to join the newsletter below for more content like this.

Also, don’t forget to share this article on social media.

Let’s get started!

#1. Write a Financial Plan with Intention

financial planning

One of the most important things you can do right now is to begin writing a financial plan with intention.

The intention has to be there.

What are your financial goals?

What are your income goals?

Journal them and create a plan on how to make those visions become a reality.

Perhaps you’re looking forward to saving your first $1,000, your first $10,000, or want to hit your first every $100,000+ in capital.

The best way to start that journey is to write it down as a plan first.

Identify what it’s going to take, and the rest will follow through.

#2. Practice or Learn New Skills Now

If part of your plan involves earning more money for 2023 and you’ve identified that you’ll have to take on a whole new industry or develop a new set of skills, start now.

The only way we grow is by learning, and unfortunately there’s no shortcut for it.

You can learn new skills such as copywriting, public speaking, trading, graphic designing, website creation, sales, marketing, branding, etc.

Learning is painful because it’s slow and often times people put learning something new on the back burner to not start over again.

But the truth is you’re not starting all over.

You’re merely making yourself more valuable by elevating your standards.

If you want to make more money in 2023, chances are you’re going to have to do something different the new year than you did this year.

Remember, degrees don’t make you money, skills do.

#3. Solve Problems for Other People

how to make more money in 2023.
How to make more money in 2023.

This can be in the form of an actual business venture, or an educational or informational startup, such as an online business (blog, podcast, etc.).

You know this and I know this, there are people making a sh*t ton of money either online or through a traditional business model.

What these individuals are doing is they’re simply solving problems for other people in a particular community or niche industry.

Can you think of a way you can serve people in a manner that will solve a problem for them?

Whether their problem is they’re in the area and they’re hungry, or they don’t know how to dress themselves properly for a specific function, or they don’t know the basics of proper car maintenance.

There is something you know that can solve the problem for someone else whether that be physically or through an online platform.

Related: How to Start a Blog Step by Step for Beginners

#4. Start Putting Your Money to Work for You

how to put your money to work.
How to put your money to work.

If you have disposable income, the best thing you can do is to put that money to work for you.

Did you know you can buy stocks that will pay you a dividend every quarter?

These earnings then rollover and compound further growing your investment/net worth.

This of course just one example of how you can put your money to work for you in 2023.

If you have big capital at your disposal, buying a property cash could provide you with rental income while appreciating over the long-term.

#5. Create Something Original You Can Sell

how to earn more money in 2023.
How to earn more money in 2023.

One thing you can do now is create something original that you can sell.

It can be clothes, paintings, a service, a product, a book, literally anything that’s original.

You can sell on eBay, on Etsy, on Instagram Stores, or via a personalized website.

Heck, you can even sell at events or swap meets.

Your hustle is your hustle and you’re more valuable than you think.

Related: These Money Management Tips


These Money Management Tips Helped Me Through Tough Times

Money Management Tips
Money Management Tips – Franknez.com.

Those of you following me on Instagram voted for a personal finance article this weekend; so, I’m going through 5 money management tips that have helped me through tough times.

Oh yeah, it’s getting personal.

Let’s get started.

Join the Newsletter for More Content Like This

If you’re interested in more money management tips or personal finance articles like this, join the newsletter below.

I’m able to see what articles readers are opting into when they join the newsletter.

This helps me identify what you guys want to read!

#1. Aiming to Increase My Income

Whether it was looking for a salary raise, a commission raise, or an increase in clients, aiming to increase my income has always been a career priority for me.

Increasing my income has been one of the most important money management rules I’ve created for myself.

When you increase your income, you increase your ability to increase your savings and be ready when you spot investment opportunities.

#2. Diversifying Income Streams

Another very important one.

Having an additional stream of income has saved my a** during rough patches and setbacks.

Whether it’s creating a side hustle, a side business, or an income generating platform such as a blog or YouTube channel, having an additional stream of income can go a long way.

Especially if your main income is going through a slump.

Building an additional stream of income also raises your household income; who wouldn’t want an additional $1,000 per month, right?

Bookmark: Side Hustles from Home That Make a Ton of Money

#3. Creating a Money Management Plan

money management tips.
Money Management Tips – Franknez.com.

This is a great one, and one most people never start with.

Begin by writing your money goals, literally all of your money goals.

How much money you want to make, how much money you would like to save each month, how much money you can see yourself investing in something else, and so on.

By creating a money management plan, you’re able to zoom out and look at what you need to work at, even if you’re currently in a tight spot.

Sometimes we’re so busy that we forget to just simply stop and set goals that are going to propel us forward.

#4. Learning About Money

Learn how to manage money.

When you get serious about your money, you start to look for ways to get your money right.

That’s why you’re here today.

Being involved in the world of money is going to make a huge difference in your life because you will constantly be taking in great money habits from those who have learned the ropes.

While you might not agree with every money guru or entrepreneur or investor, you can always take something from everyone, and use it to mold your own personal money management experience.

#5. Having a Killer Savings Account

Money management tips.
Money Management Tips – Franknez.com.

Having a killer savings account has saved me from any type of financial setback or unprecedented expenses throughout the year.

The key to building a strong savings account is to first increase your income and then set the additional earnings aside.

The bigger your income, the more funds are made available for you to put away.

Avoid financing new cars or a new home as you increase your income.

These financial decisions will only set you back and limit how much you’re allowed to set aside in case of a rainy day.

These toys should be last on your list until you have a strong foundation and positive trajectory of where your finances are headed.

Also Read: 5 Easy Ways You Can Earn Leverage Income: Start Now

About Frank Nez

Frank Nez is an American entrepreneur and journalist with a background in startup development, marketing, and branding. He is the author of “Reaching the $10K Mark: How Perseverance Overrides Adversity” and founder of SoCal advertising agency Easy Marketing Concepts.

You can follow Frank Nez on: Twitter | Instagram


Retail Investors Have Big Opportunity in the Market Right Now

Stocks and Crypto to buy in a bear market.
Stocks and Crypto to Buy in a Bear Market | Opportunity in the market right now.

That’s right, even in today’s bear market, retail investors have big opportunity right now.

If you’re a new investor or entered the market during the bull run, chances are your portfolio is down significantly.

But don’t let your first bear market shake you off because there are numerous opportunities out there that have the potential to yield big returns.

If you’ve been reading my blog for a while now, you’ve more than likely capitalized on opportunities such as AMC, HYMC, Shiba Inu Coin, Terra Classic, and Bitcoin during properly and fortunately timed moments.

So, what’s new?

In this article, I’m going to go over the opportunities I see that lie ahead for retail investors.

None of the information on my blog is financial advice but rather speculative content based on current information and trends in the market.

And with that being said, let’s get started.

Not Invested in The Markets Yet?

If you or someone you know are not invested in the markets yet, the two articles below are going to walk you through, step-by-step on how to buy stocks for the very first time and how to buy cryptocurrency for the very first time, too.

Much information on how to invest in the markets is outdated so I wanted to create easy guides for beginners.

You can read them here to get started:

Remember, one of the greatest wealth you can share with someone else is that of knowledge.

Opportunities in the Stock Market Today

opportunities in the stock market today
Opportunities in the stock market today.

During a bear market share prices tend to tumble, hence why many long-term investor’s portfolios tend to lose value.

And although we can’t entirely time the bottom, we know that at some point the stock market is at a massive fire sale.

Value investors such as you and I can pick up shares from our favorite companies at these low prices before the market reverses trend.

Economists, analysts, and entrepreneurs alike predict there is still room for another 10%-15% drop in the markets.

But for the record, these are just predictions after all.

The point here is for value investors to capitalize on this falling trend by purchasing low and holding during the next bull market.

Whether you choose to capitalize on opportunities presented in a bull market or not will ultimately be up to you.

However, capitalizing during a bull market will require value investors to buy during a bear market, not during the bull market.

After being involved in the retail community for almost three years now, there are stocks and crypto that just stand out as having big potential during the next bull run and I’m going to discuss them below.

Stocks Worth Buying During a Bear Market

None of the information provided below is financial advice, but rather speculative in nature based on market trends and current information at the time of publication.

AMC Entertainment Stock (AMC)

You’ve probably heard all the ruckus on AMC and ‘meme stocks’.

It’s true, the stock jumped from $5 per share to an all-time high of $72 per share.

AMC Entertainment stock is currently trading below $6 again due to this bear market.

What makes this stock such an interesting value investment is that it has a huge community made up of millions of people who plan to take its current price up again.

Plus, the company has beat earnings every quarter since 2021.

Investing in the largest movie theater chain in the world could prove to pay out big during the next bull market.

SPY Stock (SPY)

I’ve talked about SPY stock numerous times on my blog.

It’s even made the list of best divided stocks to buy for passive income.

SPY is the S&P 500 index fund that tracks the top 500 performing companies in the U.S and has been a favorite amongst value investors for a long time.

Warren Buffett himself says he’s moving 90% of his wealth to this specific stock when he departs us.

Just this thought should speak for itself.

SPY has a great track record for its increased value over time.

Vanguard Real Estate REIT (VNQ)

I believe every value investor should have at least one great performing REIT, or Real Estate Investment Trust.

VNQ is Vanguard’s commercial real estate investment trust with a great track record since the recession of 2008.

The REIT is also on the list of the best dividend stocks to buy for passive income.

While the real estate market is set to retrace some of its gains, keeping an eye on this stock may provide retail investors with big opportunity during the next bull market.

GameStop Stock (GME)

What GameStop is doing with their NFT marketplace is genius and not a lot of people know about it.

Wonder why, *ahem, mainstream media*.

The video game company is making it available for people around the world to own actual digital items inside games through the use of blockchain technology.

The opportunity this technology will bring to entrepreneurs and flippers alike in the future is massive.

Investing in GameStop early on could have massive potential as our economy shifts towards the digital/metaverse economy.

Amazon Stock (AMZN)

Amazon is now affordable for just about any value investor to buy shares from.

The company stock traded above $3K per share before its 20-for-1 stock split made it available for everyone to purchase.

AMZN is currently trading below $100 per share and it’s a steal whether you’re anticipating another 10%-15% market drop or not.

Tesla Stock (TSLA)

Despite what you might think of eccentric billionaire Elon Musk, you cannot deny what the entrepreneur has created is fascinating in its own respect.

Tesla stock has shown outstanding growth in the past even after stock splits.

We’ve seen this company’s stock reach massive popularity during the previous bull market.

In fact, it was right under AMC Entertainment stock as the most searched for stock on Google in 2021.

Meta Platforms Stock (META)

Most boomer investors, like mainstream media, don’t truly understand the potential of Meta.

While Zucks might currently get made fun of by Wall Street ego, there’s a huge opportunity investing in early technology, especially a technology that one day may change the world as we know it.

Today’s innovators will carry the baton, whether old power likes it or not.

Crypto to Buy During a Bear Market

crypto to buy in a bear market.
Crypto to buy in a bear market.

Here’s a list of cryptocurrencies I’m keeping an eye on in today’s bear market.

Think a stock or cryptocurrency should be on this article?

Leave a comment down below!

Share This Article for A High-Five

franknez.com

If you’ve made it this far, it means you’re taking the steps to simply try to figure things out for yourself financially.

Well done on your part for seeking the information on how to become a better investor than you were yesterday.

Share this article with someone you care about or publish it on social media for others to see!

You never know whose life you may change by simply sharing the knowledge you’re taking in.

With that being said, thank you for being here today.

Until the next one.

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5 Personal Finance Mistakes to Avoid

best personal finance blog.
Franknez.com | Best personal finance blog.

Published by FrankNez Team.

Chances are, you’ve already made a few personal finance mistakes in your life, or maybe you’ve made more than a few.

There are a few reasons for this.

Even though personal finance is something that we all have to deal with, most people learn surprisingly little about it as they are growing up.

Money is a taboo topic in many families, and it’s not uncommon for people to not have all the knowledge they need to make the best financial decisions even as adults.

Personal finance is rarely taught in schools, at least not in a way that is useful to people.

For these reasons, you shouldn’t feel ashamed if you’ve made any of the mistakes mentioned below, but you should try to educate yourself now so that you avoid them.

Not Talking About Money

You don’t have to go around telling everyone what your salary is, but if you have been brought up with the idea that it’s bad manners to talk about money, you may find yourself unable to discuss important financial matters with your partner or to teach your children about smart money management.

An inability to have this conversation is one reason that finances are a common source of conflict in relationships.

Talking about your own attitude toward money as well as that of the family that you grew up in can help you understand one another better and can clear the air so that you can teach your kids about the topic.

Overusing Credit Cards

It’s so easy to fill out those applications and get another card in the mail and so easy to slap one down for something you want or need instead of saving up for it, but it’s a big mistake if you don’t have the money to pay off the balance at the end of the month.

Why?

The reason is that credit cards nearly always have a high interest rate, and this means that you end up paying a lot more for the product or service or experience than its actual price.

Interest on credit cards can mount up, too, and you can find yourself falling behind on payments.

If there’s something you want or need and you don’t have the money for it, a much better option is to look to personal loans.

You can often apply online for these, and you will nearly always be offered a better repayment plan than you get with a credit card.

Credit cards aren’t all bad.

If you only use them for expenses that you can pay the balance on each month, they can give you cash back and other benefits.

Not Saving for Retirement

personal finance mistakes to avoid
Personal finance mistakes to avoid

If you’ve got other financial pressures, it can be hard to see a portion of your paycheck go away into a fund you may not access for years or decades.

This can be especially hard when you are young and retirement seems a million years away, but there’s no better time to save for it.

You don’t have to invest in the stock market and make yourself cash poor.

But the money that you put away in your 20s will compound in value over the years and be worth far more as you get ready to retire.

However, if your 20s and even your 30s are long behind you, it’s never too late to get started.

Neglecting to Make a Budget

Personal finance mistakes to avoid | Best personal finance blog.

Having a budget is the foundation of all your other smart financial decisions.

However, people often avoid it because they feel anxious about really looking at their financial situation or simply because it seems tedious.

Apps can help you with the process, tracking your spending and showing you where your money is going.

It can also help if you realize that a well-designed budget can remove the anxiety of always worrying about what you can afford.

When all of your spending is in certain categories, you’ll know exactly how often you can eat out or buy clothes this month.

Not Having an Emergency Fund

best personal finance blog
Personal finance mistakes to avoid | Best personal finance blog.

Everyone knows the feeling of getting paid and immediately having to turn around and put the money toward a car repair or a similar unexpected expense.

A better approach is to work on building up an emergency fund that has several months’ worth of basic expenses in it.

You can turn to this when those inevitable costs that you can’t plan for crop up, from sudden repairs or medical costs to major events such as unemployment.

Also Read: How Can the Average American Pivot in a Recession

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Want to Learn How to Trade the Stock Market?

Here’s how to make money trading the S&P 500 index.

How Can the Average American Pivot in a Recession?

Recession 2023
Want to become recession proof? Here are some steps you can take.

An economic downturn, a recession, call it what you will.

The U.S. economy is in a state of emergency and the average American is suffering financially.

From stock and crypto market crashes to the rise of gas prices and increased inflation, the middle class is in desperate need of help.

The problem is no one is teaching the middle class how to pivot.

Cutting back on expenses isn’t going to do it, you can only cut so much.

This article is going to help you identify several ways to pivot during a recession so that you can take care of your family during economic hard times.

Let’s get started.

Shifting Mindset from Defense to Offense

how to prepare for a recession.
How to prepare for a recession.

During a recession, most people tend to contract, they tend to shrink (cut expenses, coupon, etc.).

Very few, however, expand and look for high reward opportunities.

It’s these opportunities that allows the few to shift their mindsets from defense mode to offense mode.

A defense mindset is idle, waiting for the government to do something about their financial setbacks (job loss, cut hours, lost pension funds, market crashes, etc.).

An offense mindset on the other hand is identifying how to keep up and overcome the changes occurring in their environment.

While most people focus on the things that are out of their control, few focus on the things that are within their control.

If you’re reading this blog, chances are you’re being impacted by our economy today and want to make more money.

Who doesn’t want to make more money?

Money is how we ensure our family’s security and wellbeing in America.

If you want to learn how you can pivot in today’s falling economy by earning more money, keep reading below.

Learn How to Use Leverage and You’ll Never Fall Short Again

how to use leverage
How to prepare for a recession.

We all have the same 24hrs in a day, but do you want to know why successful people make more money than the average person?

It’s not because they work harder than you or because they’re smarter than you.

It’s because they use leverage.

Leverage is a multiplier of both time and money.

What would have taken you decades to accomplish, leverage gets it done at a fraction of the time.

Leverage is accessible to everyone, including you.

But we don’t grow up with mom and dad teaching us this.

So, what are some forms of leverage you can take advantage of as soon as you exit this blog article?

Let’s dive right into them.

Leverage Tools to Help You Make Big Money

#1. Building Your Dream Business

Small business recession
@easymarketingconcepts

Starting a business around your hobby, passion, or skills has the potential to create that world you desire.

How does leverage play a role in building a business?

Think about this for one second.

If you work a 9-5 or commission job, you the employee are generating income for the leader of that organization and getting paid per hour or per sale to do so.

However, if you’re the business owner of a small business or startup, all revenue goes to your business account.

The leverage here is you’re now using your time to build something that will generate positive cashflow instead of giving it away for an hourly wage or commission.

If you don’t have the capital to start a new business, you can always use leverage by taking out a business loan and incrementally paying it back as your business picks up.

Using the banks money to make money is the proper way to leverage someone else’s capital to your advantage.

#2. Day Trading

how to make money during a recession

If you’re already invested in the stock market, then you’ve more than likely heard of day trading.

Day trading uses one of the biggest leveraging tools out there, the stock market/derivatives market.

Here, traders will require intense discipline in order to execute their trades with profit.

Day trading is certainly not for everyone, but if making hundreds of dollars to thousands of dollars per day sounds appealing, you can learn more about it here.

The incredible thing about trading the market is that traders can learn how to make money whether the stock market is booming or crashing.

This means that as long as you’re able to develop the skills necessary to become a consistently profitable trader, you will be able to pivot in a recession and actually make money while most of the economy faces turmoil.

Going on the offense means learning new skills and getting out of your comfort zone to be successful at something outside your 9-5.

franknez day trading

You can follow my personal trading journey on Instagram or Twitter.

#3. Monetizing a Platform

How to prepare for a recession.

Americans are monetizing on Facebook, TikTok, Instagram, YouTube and other platforms such as blogs and podcasts.

If the idea of creating content at scale intrigues you, monetizing a platform could be a great leverage tool for you.

The bigger you grow your audience, the more income you may earn from advertising revenue, affiliate marketing, sponsored content, or other streams.

But the key here is to provide real world value that can help your audience in one form or another.

My blog for example has helped thousands of people invest in the stock and crypto markets for the first time.

Retail investors were able to profit big from investments such as Bitcoin, Shiba Inu Coin, Terra Classic, AMC, and HYMC from early ticker updates on Franknez.com.

Those who took advantage of the information came out profitable before the markets began to tank.

But not everything has to be educational – many creators are publishing content on pretty much any niche that people find interest in.

A platform will help you pivot in a recession by working 24/7 for you.

How to Prepare Personal Finances for a Recession?

In terms of your personal finances, you’ll want to allocate a good chunk of your income into a savings cash account you can build in case of an emergency.

If your income is booming during a recession, consider investing in the S&P 500 index or in rental property.

Many opportunities will present themselves in times of an economic downturn, and when they do, we better be ready.

Becoming Recession-Proof

recession proof
How to prepare for a recession.

Becoming recession-proof is really about taking action.

It’s about creating something or developing new skills that will allow you to overcome any hardships that come your way during economic adversity.

Living paycheck to paycheck is hard, learning new skills is hard, building something new and getting out of our comfort zone is hard, so choose your hard.

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Read: Stocks Retail Investors Can Buy to Build Wealth This Decade

Stocks Retail Investors Can Buy to Build Wealth This Decade

Stocks to build wealth

The market is down which means there are a variety of stocks retail investors can buy to build wealth this decade.

The problem is identifying which stocks will create the team you need to ensure your investing success.

I’ve compiled a list of stocks along with a simple strategy that’s going to allow these stocks to compound over time so that when you’re ready, they start paying you passively.

By the end of this article, you will have the knowledge you need to begin building your very own wealth through stock investments this decade.

Let’s get started!

franknez.com

Welcome to Franknez.com – I’m helping novice retail investors make the best out of the market. Join my newsletter for weekly market updates and more content like this.

Receive weekly market news and articles like this to stay up to date.

Let’s dive right into it.

Compounding starts with reinvesting

Which stocks to buy?
Which stocks to buy?

The list below is made up of cash dividend paying stocks, companies with enough cash at hand which allows them to pay cash dividends to its investors every quarter.

The key here is to ensure that you opt in to ‘reinvest’ these cash dividends back into the asset so that your number of shares automatically compound every quarter.

On some occasions, the default setting is set to ‘cash’ instead of ‘reinvest’, which means your broker account will receive the cash dividend as a form of payment and settle in your funds like a deposit.

When you’ve built a strong retirement portfolio and you’re ready to claim the fruit of your labor many years from now, then you’ll want to begin taking that big cash.

But in the meantime, we’re focusing on setting ourselves up for that chapter in our lives so make sure you opt in to ‘reinvest’ that cash dividend.

Over time, you will see your number of shares grow fractionally and then eventually turn into whole numbers.

This process will continue repeating as you continue to fund your cash dividend stock portfolio.

Which Stocks Can Take Care of You Forever?

which stocks to buy?
Which stocks to buy?

Building wealth is a constant journey of increasing your income and investing in assets that can take care of you forever.

If you would like me to publish more content on how to increase your income let me know in the comments section at the end of the article.

Granted that you have the capability to invest now during this bear market, here is a list of cash dividend paying stocks that can take care of you forever.

Related: How to Invest in Stocks for Beginners

#1. VOO (S&P 500)

Dividend Yield: 1.56%

VOO has paid $5.65 per share in the past year during the bull market but is currently paying $1.43 per share in this year’s bear market.

VOO is Vanguard’s S&P 500 ETF which tracks the top 500 performing companies in the United States.

#2. GPC (Genuine Parts Co.)

Dividend Yield: 2.40%

GPC has paid $3.42 per share but is currently paying investors during this bear market $0.90 per share.

Genuine Parts Company is an American service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.

#3. VNQ (Real Estate REIT)

Dividend Yield: 3.53%

VNQ has paid $2.86 per share but is currently paying investors approximately $0.56 per share in today’s bear market.

VNQ is Vanguard’s real estate ETF which invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property.

#4. OMF (One Main Holdings, Inc.)

Dividend Yield: 7.96%

OMF currently pays investors $0.95 per share but has paid them as much as $6.80 per share during the bull market.

OneMain Holdings, Inc. is an American financial services holding company that provides loan products, offers credit cards, and other personal loans.

#5. T (AT&T)

Dividend Yield: 9.71%

AT&T is currently paying shareholders $0.28 per share but has paid investors $1.60 in the past.

AT&T Inc. is an American multinational telecommunications holding company offering internet and cellular services.

#6. NRZ (Real Estate REIT)

Dividend Yield: 9.85%

NRZ stock is currently paying investors $0.25 per share but has paid $1 per share before.

New Residential is a publicly traded mortgage real estate investment trust with a diversified portfolio and a strong track record of performance.

#7. EMR (Emerson Electric Co.)

Dividend Yield: 2.45%

EMR pays shareholders $0.51 per share but has paid investors $2.05 per share prior to today’s bear market.

Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri.

The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets.

#8. ESGV (ETF)

Dividend Yield: 1.26%

ESGV currently pays shareholders $0.20 but has paid investors $0.88 per share in the past.

ESGV tracks the performance of large-, mid-, and small-capitalization stocks.

The ETF specifically excludes stocks of certain companies related to the following: adult entertainment, alcohol, tobacco, cannabis, gambling, chemical and biological weapons, cluster munitions, anti-personnel landmines, nuclear weapons, conventional military weapons, civilian firearms, nuclear power, and coal, oil, or gas.

Other Stocks?

Investing in other stocks that aren’t paying cash dividends could be a great way to raise capital fast.

One example is Tesla, AMC, GameStop, etc.

Retail investors who were able to jump on these stocks early were able to capitalize on massive price fluctuations.

The key here is to get in early, otherwise you may end up holding substantially large losses.

If you’re going to invest in individual companies, make sure you’ve done your due diligence and cash out when in profit.

Send this list to someone you know!

Share this list of the best dividend stocks to buy right now with someone you know who is invested in the market.

I personally hold these stocks in my stock portfolio and figured I’d share with my readers which dividend stocks I recommend checking out.

I’d love to hear your thoughts on this list – do you hold any?

Leave a comment down below.

Here’s how you can make money trading the stock market.

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The Best Dividend Stocks to Buy for Passive Income

Best Dividend Stocks to buy
Personal Finance: Best dividend stocks to buy | Stocks to buy now

Today I’m going over 8 of the best dividend stocks to buy for passive income in 2022.

These tickers have been yielding cash returns (which I’ve reinvested back) no matter whether the markets are up or down all year long.

Investing in these types of passive income trains is something Warren Buffett has done over the course of his lifetime.

And the sooner you begin investing in dividend stocks, the more you’ll thank yourself later.

Let’s get started!

franknez.com

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Best Dividend Stocks to Buy in 2022

Best Dividend stocks to buy 2022
List of the best dividend stocks to buy | Stocks to buy now

Dividend stock investing can yield big passive income when done right.

Dedication and patience are two key virtues to making the best out of this wealth building strategy.

Here’s a list of the best dividend stocks to buy this year:

#1. VOO (S&P 500)

Dividend Yield: 1.56%

VOO has paid $5.65 per share in the past year during the bull market but is currently paying $1.43 per share in this year’s bear market.

VOO is Vanguard’s S&P 500 ETF which tracks the top 500 performing companies in the United States.

#2. GPC (Genuine Parts Co.)

Dividend Yield: 2.40%

GPC has paid $3.42 per share but is currently paying investors during this bear market $0.90 per share.

Genuine Parts Company is an American service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.

#3. VNQ (Real Estate REIT)

Dividend Yield: 3.53%

VNQ has paid $2.86 per share but is currently paying investors approximately $0.56 per share in today’s bear market.

VNQ is Vanguard’s real estate ETF which invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property.

#4. OMF (One Main Holdings, Inc.)

Dividend Yield: 7.96%

OMF currently pays investors $0.95 per share but has paid them as much as $6.80 per share during the bull market.

OneMain Holdings, Inc. is an American financial services holding company that provides loan products, offers credit cards, and other personal loans.

#5. T (AT&T)

AT&T

Dividend Yield: 9.71%

AT&T is currently paying shareholders $0.28 per share but has paid investors $1.60 in the past.

AT&T Inc. is an American multinational telecommunications holding company offering internet and cellular services.

#6. NRZ (Real Estate REIT)

Dividend Yield: 9.85%

NRZ stock is currently paying investors $0.25 per share but has paid $1 per share before.

New Residential is a publicly traded mortgage real estate investment trust with a diversified portfolio and a strong track record of performance.

#7. EMR (Emerson Electric Co.)

Dividend Yield: 2.45%

EMR pays shareholders $0.51 per share but has paid investors $2.05 per share prior to today’s bear market.

Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri.

The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets.

#8. ESGV (ETF)

Dividend Yield: 1.26%

ESGV currently pays shareholders $0.20 but has paid investors $0.88 per share in the past.

ESGV tracks the performance of large-, mid-, and small-capitalization stocks.

The ETF specifically excludes stocks of certain companies related to the following: adult entertainment, alcohol, tobacco, cannabis, gambling, chemical and biological weapons, cluster munitions, anti-personnel landmines, nuclear weapons, conventional military weapons, civilian firearms, nuclear power, and coal, oil, or gas.

Send this list to someone you know!

Share this list of the best dividend stocks to buy right now with someone you know who is invested in the market.

I personally hold these stocks in my stock portfolio and figured I’d share with my readers which dividend stocks I recommend checking out.

I’d love to hear your thoughts on this list – do you hold any?

Leave a comment down below.

Here’s how you make money trading the stock market.

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Related: How to Invest in The Stock Market for Beginners

Is Debt Consolidation Loan Key to Pay Off Your Debt Fast?

Debt Consolidation
Debt Consolidation

The Federal Reserve reported that the US consumer debt in the second quarter of 2021 had totaled more than 4.2 billion dollars.

Thus, you’re not alone if you currently struggle with your debts.

Furthermore, if you are searching for a method to help you effectively manage your debt and pay it off quickly, taking out a debt consolidation loan might be the answer.

Multiple Debts and Your Credit Score

It is crucial to know that having multiple debts doesn’t necessarily hurt your credit score.

However, there are factors you need to watch out for.

This includes not being able to manage your debts properly.

When you have multiple debts, the reality is that it tends to have different interest rates and repayment schedules.

Because of this, you also tend to forget and mismanage your debt repayments.

Once you miss a loan repayment, it is expected that your credit score will experience a negative impact, which can lead to limited loan options in the future.

Knowing what is an outstanding debt and how it affects your credit score is not enough; you’ll need to find an effective solution to eliminating your problem.

That’s where debt consolidation comes in.

Related: Credit Scores Are Easy to Raise: Reach Excellent

What Is a Debt Consolidation Loan?

A debt consolidation loan is when you turn multiple debts into a single loan that includes one monthly payment and, preferably, a lower interest rate.

In addition, taking out a debt consolidation loan makes your debts more manageable since you don’t have to worry about different monthly payments and due dates; this helps a lot in paying them off easier and faster. 

It is essential to know that debt consolidation loans usually have a fixed interest rate.

This means that the interest rate of your loan from start to finish will remain the same.

Thus, if you have two credit cards with different minimum payments and interest rates, you could take advantage of a debt consolidation loan to pay them off, which leaves you with one monthly debt repayment instead of two.

A debt consolidation loan is considered a way to refinance your debt.

First, you’ll need to apply for a loan to cover your existing debts.

Once approved, you can then use the money to repay your debt balances.

After this, you can then start repaying your new loan during its set period.

Benefits of Debt Consolidation Loan

Getting a debt consolidation loan has several benefits you should consider:

#1. Save Money on Interest

A debt consolidation loan makes sense if it can offer you a lower interest rate than what you are currently paying with your existing debts.

This is why you can save money on interest. 

#2. Pay Off Debt Fast

When getting a debt consolidation loan, the loan amount will be used to pay off your multiple existing debts.

This places you on a faster track in repaying them in full. 

#3. Simplify Monthly Payments

As emphasized earlier, a debt consolidation loan can turn your many debts into one.

This means you only have to think of one payment and due date instead of multiple.

As a result, it simplifies your monthly payments and lessens your chances of missing payments, which can boost your credit score.

#4. Fixed Monthly Loan Repayments

Debt consolidation loans tend to be fixed installment loans.

This means that you’ll know when the life of the loan ends. 

Drawbacks of Debt Consolidation Loan

Knowing the cons of taking out a debt consolidation loan is essential in making a firm decision that can affect your financial situation.

Here are the drawbacks of taking out a debt consolidation loan:

#1. Won’t Solve Financial Issues

Debt consolidation can help you make your debt repayments easier and pay them off quickly.

However, it can’t solve your financial issues, especially when you decide to have multiple debts again.

This can enlarge your overall debt, which makes it challenging to manage and can impact your credit score.

#2. Upfront Costs

It is crucial to know that some debt consolidation loans might come with fees.

Examples of these fees include prepayment penalties, balance transfer fees, annual fees, and many more.

Thus, before you get a debt consolidation loan, it would be best to ask the lender first about upfront costs.

#3. Pay More in Interest

When it comes to a debt consolidation loan, paying more interest can happen in two ways.

The first will depend on your loan amount, credit score, and debt-to-income ratio.

This usually happens when you can’t qualify for a lower interest rate.

On the other hand, the second one can happen if you use the debt consolidation loan to help lower your monthly payments, which is usually done by stretching the repayment timeline.

Unfortunately, this will likely make you pay more interest in the long run.

To Wrap It Up

A debt consolidation loan doesn’t only help you stay organized when it comes to your debts.

It also helps a lot in paying them off fast since you only have to pay your obligations in a single payment instead of multiple ones.

Furthermore, taking out a debt consolidation loan and making on-time payments can boost your credit score, which is an advantage if you decide to get a loan in the future.

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Related: Best Ways to Beat Inflation in 2022

Best Ways to Beat Inflation in 2022

Personal Finance: How to beat inflation in 2022
Personal Finance: How to beat inflation in 2022

Today we’re going over the best ways to beat inflation in 2022.

The annual inflation rate for the U.S. is currently 9.1%, the largest annual increase since November 1981 when it reached 8.6%.

Times may be looking tough, but the good news is there’s a life hack to working your way around it, and actually not feel it at all.

In 2020 when Coronavirus impacted the entire world, I vowed to never let an economic downturn affect me or my family ever again.

Now I’m going to share with you how an economic downturn such as the rise of inflation can easily be managed.

Let’s break it down!

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

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Join the newsletter to become part of an activist group fighting for market transparency!

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Learn how to create multiple streams of income

multiple streams of income

The best way to beat inflation in 2022 is by learning how to create multiple streams of income.

Multiple streams of income will generate your household money no matter what is happening in the world.

A diversified web of income streams can be viewed as a safety net when hard times hit home.

The costs of living is skyrocketing due to inflation but it is up to us as individuals to adapt to these changes and find ways to overcome these hurdles.

How do you create an additional stream of income?

how to create multiply streams of income

There are many ways to create an additional or multiple streams of income.

Each type will vary from individual to individual depending on lifestyle, level of risk, capital, and attraction towards the desired stream.

Here is a list of the best ways to beat inflation in 2022 through additional sources of monetary means:

#1. Additional spouse income

If your spouse has been meaning to get back in the field, now could be a great time to do it.

Having two parents working oppose to just one has great benefits to a household’s financial health and net worth.

This additional stream of income can help offset the costs of rising inflation even if it’s only temporary.

#2. Find a way to work for yourself

You don’t have to quit your 9-5 or salary job, but finding a way to work for yourself outside your regular job/career is one of the best ways to beat inflation in 2022.

The reason being is that you maximize your income through any profits you make working for yourself.

Find what interests you and build something that can generate income around it.

This could be something as simple as freelance work or even starting a small business.

You can manage these types of gigs outside your current work and build them during the weekend too.

Perhaps you’re an expert in your industry.

If you’re great at doing what you do, why not learn how to pay yourself for it too?

#3. Generate dividend stock income

When you discover the power of dividend income, you’ll wish you had started earlier.

That’s because dividend stock income can generate passive income forever while gradually compounding over time.

Investing in stocks such as AT&T, the S&P 500, and other ETFs will allow your money to work for you.

Dividend stocks for the most part pay you quarterly (depending on the company or ETF).

You will have an option to collect that dividend as cash, or to reinvest it back into the asset where it will compound over time.

Put enough cash into these types of stocks and you’ll be able to retire with an income a lot earlier than most people in the U.S. ever will.

Related: The Best Dividend Stocks to Buy for Passive Income

#4. Build a leverage income earning machine

And probably the best way to beat inflation in 2022 is by building a leverage income earning machine.

Leverage income is income you earn multiple times for doing the work once.

You can also use leverage to your advantage to maximize how much money you make in such little time.

One example of using leverage to your advantage is learning how to day trade the stock market.

Day traders can get in and out of the stock market in a matter of minutes or few hours and make hundreds to thousands of dollars in just one day.

Building a leverage income earning machine is a little different though and is going to require an audience.

Examples of a leverage income earning machine include:

  • E-commerce online store
  • Building a YouTube channel
  • Blogging
  • Or creating an awesome Podcast

Find your niche and learn how to monetize it with Google AdSense or other means to generate income.

Want to see more content like this?

Let me know down below in the comment section.

Is there something you’d like me to dive deep into?

I’d love to hear your thoughts.

You can follow me on: Twitter | Facebook | LinkedIn

Related: How to Invest in The Stock Market for Beginners

Student’s Financial Habits: What to Pay Attention To

Student's Financial Habits: How to manage money in college
College students and money: How to manage money in college

Published by FrankNez Team.

Students are the second category of people, after retirees, who have the hardest time getting and managing money effectively. At the same time, young people have many more tools and opportunities to improve their financial situation.

After mastering those tools and gaining the right knowledge you will learn to prioritize smartly.

For example, it’s a better idea to buy college paper and spend saved time on something that will bring you much more financial value like working on your startup, having a work shift, having a financial course, learning to invest, etc.

The main argument of students as to why it makes no sense for them to plan their personal finances is that they have no finances at all.

In this article, we want to talk about what financial habits you should instill in yourself from the very beginning of your independent life, even if you don’t have much money yet.

Quite often the phrase “poor student” is used during conversations about money. How to avoid the stereotypical stigma and live a life of well-being even during the difficult years of higher education – further in the material.

Financial habits

After leaving the parental home, many students try to adapt financial behavior and habits from childhood to the realities of an adult and independent life.

This is often a misguided strategy, as most adults, unfortunately, do not even talk to their children about finances.

Despite low income or even complete monetary dependence on parents, a student can still learn how to manage money effectively.

The main thing along the way is to understand and tweak your financial habits somewhat.

Keep records of expenses and income

According to the best writing services, building financial well-being begins with this important habit.

You must make it a habit to keep track of your expenses.

This will teach you to count money, and money likes counting!

Learn to control impulse purchases, plan your budget… all in all, a really useful skill!

Write down all your expenses: for food, snacks, outings – it doesn’t matter!

As long as you are young, there are no burdens or obligations – it’s time to focus on building your financial well-being.

Strive for financial independence

Many students combine college with work in the evenings or on the weekend.

This is the right approach on the way to full financial independence. But don’t take the first available part-time job and underestimate your abilities.

Attend seminars, view webinars, and participate in training – develop your skills not only within the walls of the university but also outside of it.

This will allow you to find a better-paying job during your college years.

Focus on your career

In today’s world, college life isn’t just about new friends, loud parties, and preparing for a session.

Young people have the opportunity to make useful business contacts and develop in the practical aspects of their future profession.

Even during your first semester, try to find a job in your major.

It may not be a very well-paid job as an assistant or handyman, but you will learn all the nuances of the business from the inside and gain experience that you can effectively apply in the future.

Related: 5 Easy Ways You Can Earn Leverage Income: Start Now

Save money

Open a bank account and put aside at least a small percentage of your income.

Later, when you accumulate at least a few hundred dollars, put them on deposit or invest them in other low-risk instruments.

This will help you build a so-called “financial safety cushion” or take care of your long-term financial goals in the future.

Save 20% of ANY income

This habit should be acquired as an unconditional instinct.

When you get money, you immediately set aside 20 percent of your income.

And it doesn’t matter what source the money comes from!

Scholarship, part-time jobs, help from parents, a randomly found cash bill…

Of any small amount – immediately subtract 20 percent and save money for a deposit.

Then by the age of 30, when all your peers are just beginning to get to this truth and learn the basics of financial literacy, you will have formed habits and … a weighty stable fund.

Related: How to Invest in The Stock Market for Beginners

Avoid Indebtedness

If you are short of money at some point, it is not a crime to use a credit card.

However, paying back your debt quickly should be a priority for you.

This will at least help you avoid a bad credit rating, which can be very important in the future for starting your own business, buying a home, and more.

Ensure a positive credit history

credit score
How To Increase My Credit Score

In general, as we mentioned before, from the very beginning of your independent financial life, protect yourself from loans.

The exceptions are large and targeted loans: mortgages and car loans.

All other consumer loans are completely unnecessary in life.

You should teach yourself to live within your means.

However, to take out a mortgage or a car loan in the future without any problems, you must have a positive credit history.

It can be formed quite easily: by taking 2-3 very small loans and repaying them, carefully observing all terms and conditions.

In closing, we want to remind students once again: Your financial well-being tomorrow begins today!

Everything will work out if you act systematically and progressively.

Related: Credit Scores Are Easy to Raise: Reach Excellent

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