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Earn Money - Complete Controller

Throughout our life, we ​​will need to earn money. And that’s something they do not teach us in any school. They do not teach it to us in any university, either. They only give us knowledge of all kinds throughout our lives, and this knowledge is usually of very little use to earn more money than the average person.

Knowledge and qualifications can help us get a job, so we would be making money with the first way to do it, which is the one used by the vast majority of the population. And this way of earning a living can become very dangerous because if one day it disappears, we are left with nothing. Check out America's Best Bookkeepers

The 3 Ways you can earn money throughout your life

  1. First way: Exchange time for money

We talk about working for someone else, which is choosing to offer our time in exchange for money. There is nothing wrong with looking for life in this way because empires are assembled thanks to the fact that a person in a business can find people who join his company and who work for him.

In the absence of people willing to exchange their time for money, it would be very difficult for us to maintain the figure of the entrepreneur. Check out America's Best Bookkeepers

Of course, this way of making money is very risky from an investment point of view. That is, an investor is taught that he cannot put all the eggs in the same basket because if the investment goes wrong, he is left with nothing. And that happens with paid work. We put all our time and future into a job. We charge debts because, in the next months, they will compensate our time with payroll. We plan for the future with the expectation that we will receive a check from our employer.

In other words, we have bet everything on this investment. If tomorrow closes the company, there is a restructuring of the workforce or, simply, your boss decides to fire you, the problems in your life begin, and you have to look for another place where you can exchange your time for money again.

  1. Second way: Invest money to earn money

Sounds good. Many who use the exchange of time for money save to be able to move to this form. Only a few, the truth, because the truth is that most fail to save anything by not having a financial plan. That is, people adapt standard of living to maintain the level of their income. Check out America's Best Bookkeepers

However, to earn money this way, you must have gone through the first form. We talk about using money we have to generate more money, either with investment in the stock market, investment in real estate, etc.

  1. Third way: Multiply the time to multiply the money

But how? If we all have the same time. On the one hand, it is here where we can use leverage, which is the main feature of the people who earn the most money. We can use the time of other people, the resources of other people, and the contacts of other people. We could also call to create a scalable model, which is that with the same time and effort, we can increase our income.

Who wishes to do a struggling 9 to 5 job to pay expensive rent in New York or when you can earn money online well? The office will be anywhere when you open your laptop. As a result, the majority of people are leaving their jobs to do remote work. The report of Global Workplace Analytics and Flex Jobs reveals that the remote working ratio increased by 195% in 2005, and this rate grew by 50% in 2020. All of this possible due to the easy access to making money online. The statistics also further indicate that remote working trends enhance the rate of female entrepreneurs. As a result, the wage gap has closed. The useful advantage of earning money online is that you can work from home or any corner of the world.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
New Investors - Complete Controller

Whether it’s learning to invest or doing something else, you may not be doing it the right way. Here are some common mistakes to avoid.

Do not “shop around” to find a counselor

New investors often use the same advisor as their parent, friend, family member, etc. However, the best advisor for someone else may not be the best for you. Before choosing an advisor, consider your needs and observe the types of clients the advisers work with to decide how much you want to participate in the investment decision.

Before choosing a counselor, ask yourself these eight questions. Check out America's Best Bookkeepers

Understand how investments work

Research investments before making a decision. This is an important step to:

  • Understand the risks associated with the investment, including potential losses or returns.
  • Examine how the investment fits into your existing portfolio.
  • Understand the fees you pay and any penalties for early withdrawal.

Invest in something “trendy”

Some investments become popular in the media because a celebrity supports them, or they might be new to the market. Friends can also recommend placements that they have chosen for themselves. While it may be tempting and reassuring to follow the decisions of a large group of individuals, retail investors should be cautious about participating in this kind of “sheep behavior.”

Do not have a plan

Establishing a plan will help you reach your financial goals. Determine a specific interval to review your investment plan and make sure you change your plan if your financial goals (the reasons you are investing) have changed. A plan will also help you choose the asset allocation that fits your short- and long-term goals.

Your plan should be specific and realistic and provide information on your risk tolerance in your investment strategy.  Check out America's Best Bookkeepers

Do not pay attention to expenses

It is important to understand the costs when you invest because they reduce your yield. Ask questions before investing and evaluate your options. For example, two investments may involve risks and an expected return. Expected similar, but the expenses of one of them may be higher; other things being equal, the fees would affect your performance. See how fees can affect your return over time using our Portfolio Expense Calculator.

Have an overconfidence

Many investors overestimate their ability to “outperform the market” by trading frequently, thereby yielding less than they would have earned by simply holding a wide range of investments.

Our overconfidence can be compounded by the way we interpret new information – we tend to examine this information in a way that confirms our previous beliefs. As a result, in a bull where the investments generally have a good return, we could decide that operations give us a higher return. However, in a bear where investments have a bad return, we are going to blame the market and keep our belief that we are still good operators.

Seeking performance

Past performance is not an indication of future performance. This is an important lesson for both new and experienced investors. If an investment made a good return last year, it might offer a worse one this year.

Look for investments that fit well with your level of risk.  Check out America's Best Bookkeepers

Do not capitalize a return

You can grow the money you save by investing it to earn a return. Your money will grow faster if you also invest the money you earn (your return) in addition to the money you started investing with. This is Capitalization. Capitalization works for both guaranteed and unsecured investments.

Not reinvesting the money you have earned can limit your ability to grow savings faster and reach your financial goals. 

Do not read account statements

You should receive account statements monthly or quarterly that show your account activity and provide you with an update on your investments. You can receive the statements by mail or view them online. When you receive your statements:

  • Make sure the investments bought and sold are accurate.
  • Make sure the fees and commissions are accurate.
  • Check how much your investment gains or losses are.

Contact your financial representative if an item in your statements is unclear or seems inaccurate.

Not seeking diversification

Diversification (Holding investments in various asset classes, sectors, and geographies) can help you reduce the overall risk of your portfolio. Here are some reasons to diversify:

  1. All types of investments do not perform well at the same time.
  2. The different types of investments do not all react in the same way to global events and changes in economic factors, such as interest rates and exchange rates, and inflation rates.
  3. Diversification allows you to build a portfolio with lower risk than the combined risks of individual stocks.

If your portfolio is not diversified, it will be unnecessarily exposed to risk. You will not benefit from a higher average return by accepting the unnecessary risk.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Event Planning - Complete Controller

Since the pandemic and even before it, people were already looking to start a small business. Many people who are starting a small business already know what they want to do as they dreamt of owning their own business. Others investigate a new endeavor due to circumstances or other business ambitions and have not yet chosen a business to open. It can also be expensive to get financing, so many looking to branch out into their own small businesses are looking for low startup costs. Here are five amazing small businesses most people can start for little to no money. Check out America's Best Bookkeepers

  1. Blogging:

If you are a good writer and have something to say, starting your blog can be quite easy to do for under $100. It can even be done often for under $50, depending on what measures you take when starting the business. There are multiple ways you can earn money being a full-time blogger.

You can earn money advertising and selling digital products such as E-books. You can also earn money using affiliate links on your block site and cross-linking to other monetized sites. Generally, the main cost for blogs to get started is purchasing your domain name and setting up web hosting through a professional. There can also be costs involved if you need help building your website. However, many websites offer free templates to build your blogsite. Check out America's Best Bookkeepers

  1. Consulting:

Consulting is also a business that can easily be started almost immediately. Many people have been in the workforce for many years. During this time, they have often received formal education as well as gained experience over the years. These years of experience can build towards becoming an expert in a product, service, or work field. This expertise can lend itself to a very successful consulting business.

Your consulting business will also require you to get a domain and build a website. It would be best if you kept this as low cost as possible to stay under $100. You will also need to invest in your appearance, including your clothing and your business card. Consultants often do a lot of networking in person; therefore, your appearance and great-looking business cards will be important when networking. So you may have to invest a bit in your wardrobe and having cards created for you. However, that cost can still be low if you are thrifty.

  1. Freelance Writer:

If you are an excellent writer, you can start a business for well under $100 as a freelance writer almost immediately. In the case of a freelance writer, it is unnecessary to have a website for people to go to; however, it could help the future as you build your business. The most important thing for the freelance writer is to get themselves out there for hire periods. There are multiple websites you can sign up on as a freelance writer offering your writing services. You can also run ads on websites such as Craigslist. Many sites where you can run these ads have zero costs, or if they do have some cost involved, it will be minimal and well under $100. Check out America's Best Bookkeepers

  1. Event planner:

Event planning is another business that is easy to start for little to no money. Most event planners can start their business by planning events for friends and family and expanding by word of mouth. While it is ideal that an event planner has a website eventually, it is not necessary to start the business. Because all of the event’s costs will fall on the shoulders of the person the event is planned for, there is little to no overhead.

  1. Professional Organizer:

Becoming a professional organizer can be lucrative and cost little to no money to start. People frequently need help cleaning and organizing their home or office due to a shortage of time or energy to get it accomplished. If you are good at organizing, you will need to run advertisements, which can be done for free of charge or modest cost, and use social media. You can also make flyers to use in your vicinity to inform people of your services.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Double Your Investment - Complete Controller

While the idea of doubling your money is very appealing, the execution process may be a bit intimidating to some people. Everyone desires success in their lives, and everyone has their own unique definitions of the term. For some, success may mean fame, popularity, peace, etc. For others, it may simply mean money and lots of it!

Many people constantly strive for financial stability. They are always on the hunt for new ways to earn more and spend less. Doubling your money or simply just earning more is a great goal and can be accomplished through many different means. Read on if this is appealing to you! Check out America's Best Bookkeepers

Investments can be a great resource when you are looking to expand your portfolio. While there is always some risk associated with any investment, many tactics have been proven to be consistently successful. It is important to keep in mind that while investing may seem glamourous and fruitful for those who have mastered this skill, the amateur investor should take care to conduct adequate research before making any financial decision. Educating yourself before making any decision about investing is a necessity! We have included a few tips below that we hope will be easy to implement and beneficial to our readers.

The first step to take before making any investment is to create a solid plan. This may sound simple, but it requires much time, thought, and effort. People who have a proper game plan before investing are most likely to get better results. Additionally, you must be focused and take great care when making financial decisions. The three main questions to include in your plan should be: Check out America's Best Bookkeepers

  1. How much money do I want to invest?
  2. How much money do I wish to earn?
  3. How much time am I willing to wait to see my returns?

These three questions will prompt you to make wiser decisions that suit your unique financial needs and desires. Going into an investment without considering these questions will lead you to make unorganized and thoughtless decisions. Remember, the small mistakes may end up costing you the most. This is your money you are working with and you need to make wise decisions, not hasty ones. 

Your plan should also include proper scheduling and a realistic budget that must be maintained in addition to these questions. It may also address the following topics:

  1. Earning More Money:

There are hundreds of ways to earn more money than you do today. The easiest way is to take advantage of freelancing opportunities. Nowadays, many businesses are looking for freelancers that can help expedite their operations. Our suggestion is to capitalize on your relevant skills and then invest the money earned.   Check out America's Best Bookkeepers

  1. Start a Small Business:

Starting a small business is a great way to earn more money. If this is not possible or appealing to you, consider investing in a small business. There is great money to be made when the business is profitable.  This can also become a long-term investment if the returns are fruitful. However, it is important to keep in mind that there may be great risks associated with this investment since businesses operate on a profit and loss strategy.

  1. Lending Money:

Lending money is another quick way to make your money work for you. This is done by lending money to someone you know or to a firm. You are then returned the money along with an agreed-upon interest fee. Lending money with a firm’s assistance is a guaranteed way of getting it back on time and on your terms.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Money Supply Chain and the Economy - Complete Controller

The money supply chain is an essential component of a company that reveals the company’s financial status. The flow of money tells whether there is a need for money injection in the market or there is a need to stop the money in circulation. Talking about the relation between stock prices and money supply then they both carry a positive relation. The higher the money supply is in the market, the stock prices tend to move higher. With a lot of money being circulated in the market, the money becomes easy to access. There is extra money available to spend on stocks and further make other investments like bonds that are commonly less attractive. Check out America's Best Bookkeepers

Money circulation plays an important role when it comes to the interest rate. As the interest rate decreases in any economy, the process of lending and borrowing increases. This snatches investors’ interest towards burrowing money more. In contrast, the case is opposite when interest rate rises as borrowers decrease their borrowing, so the investors are attracted towards investing in stocks. Such actions stunt the growth of individuals with an increase in the growth of the stock market.

How Money Supply affects an economy?

The sum of money present in any economy is referred to as the money supply. This money circulation isn’t something small. Instead, it is a lot more than the coins and bills present in the economy. It is a fact that the physical money circulating in a developed economy is less than one-tenth of the money present in the whole economy. Check out America's Best Bookkeepers

The remaining percentage of the money in circulation is all digital or virtual. This money supply includes the unused line of credit in any credit card account or the amount existing in larger industries’ commercial bank accounts. Money can be used as coins and bills to purchase goods and services.

Economists keep a close eye on the money circulated in any economy as it tells about an economy’s purchasing power. The purchasing power is the quality or value of goods and services that can be bought with a currency’s unit. This tells about the possible demand for products and services.

How Fed control Interest Rates?

The Federal Reserve Board is often called the Fed of any economy and has a job to maintain the money supply by taking different measures. The most common way to control the money circulation is through buying and selling treasury bills.

How do treasury bills work? Treasury bills work differently: once a treasury bill is bought, a business is lending money to the government. The term security is to invest in any medium like bonds, bills, or stocks. When it comes to an economy, there is a particular face value of treasury bills, which tells their actual worth. However, they are sold below their real worth. Check out America's Best Bookkeepers

The selling and buying results in the injection or withdrawal of money into the economy. The quickest way to control the money supply is by adjusting the interest rates. With a lot of money being circulated in the economy, borrowing becomes much cheaper. However, when the money supply is low, many institutes and individuals will be short on cash to lend out. In this case, borrowers must provide higher interest rates to borrow. The interest rates are usually mentioned as the cost of money in the market.

What relation do Interest Rates and Stocks have?

A rise in the money supply and a drop in interest rates makes stocks a lot more attractive to invest in. When investors can get low levels of return by lending money, even if it is a bank, corporation, or buying treasury bills, such investors change their direction and lean towards the stock. Such actions of an individual or investor are called chasing yield.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Finance Tips for Singles - Complete Controller

Being single is soulful. You have no commitments, and you can do whatever you want without being accountable to anyone. In this time of freedom, the best thing you can do is to learn from personal finances to plan the future you want.

For this, we give you some incredible tips that you can start using today. But first, let us see what we are facing. Just as there are advantages to being single, there are also some disadvantages.

Singles manage their money as they want. They decide on what and how much they want to spend; if they are not careful, they can acquire debts. They have the opportunity to devote more time to their training and professional development. They value their work and feel a great passion for him. Check out America's Best Bookkeepers

Ten Financial Tips for Singles

Singles are at the best time to create financial stability; this will require a bit of effort, which you will appreciate over time. Though going on trips every other month might feel like an ideal idea, there are ways you can achieve your dreams. Yet, to get your dreams to come to life, working hard is essential, and it will require efforts from your side.

Save for Your Retirement

It is the number one point since a good portion of people leave this for last, thinking that there is still time left. The reality is that time goes by quickly, and it is better to be prepared. Also, the more years you spend, the more money you have to put into your income. So, open a savings account and deposit a fixed amount monthly. Do not touch that money. You can have other accounts to meet different goals. Check out America's Best Bookkeepers

Start Your Credit History

The credit history is your financial profile in which your financial and business behaviors are reflected. Paradoxically, to get a loan to buy a car or a house, you must have good credit.

Therefore, you must first obtain a job or generate regular income. Secondly, you must pay on time for services such as telephone, internet, television and taxes (this will demonstrate your ability to pay) and third we recommend you have credit cards. Many lenders see a good credit history as financial stability.

Buy a House

While you can get a mortgage loan, it can be low and with a high-interest rate due to your credit history; the best option will always be to save and invest in a small house or apartment. That way, if you start renting in the future, you will have extra income. Check out America's Best Bookkeepers

Hire a Major Medical Expenses Insurance

With medical insurance, you will avoid falling into bankruptcy in the event of an accident or illness. It will also be easier for you to save for this if you still do not have children and you are young.

Create an Emergency Fund

A study by the magazine “Money” estimates that 78% of people will have an adverse event in 10 years. You can be prepared for the bad times by creating a fund for emergencies, which is simply savings that are ready to be used in case things go wrong. You should have 3 to 6 months of the basics you need to survive in that time, and so you do not have to ask for a loan or acquire debt.

Summing Up

Finance issues can drain all our dreams. Although we spend our lives saving for the wishes we want to fulfill, we hardly get to fulfill them. While these unfulfilled dreams drain us, it is always a great idea to turn them into a reality. And, if it so happens that you’re single today, now is the time to work on your finances to enjoy later in your life.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Make Money - Complete Controller

Making money is a very difficult task for many, but some people have mastered the art of making money from anything. These people are not magicians; they are using their skills to their fullest. No matter what job a person does, there is always room to make more money.

In reality, there are no particular skills required to make money. One can literally earn money from whatever he is good at, so anyone can utilize their skills to earn extra income. Hobbies are the best way to make revenue because a person does not typically get bored with it. Check out America's Best Bookkeepers

Consistency and belief are two important ingredients that are required to earn some extra cash. Many people fail to make extra income only because they were not persistent and gave up too soon.

Sales skills are highly necessary to make money irrespective of the person’s field. To make money, an individual is selling either a product or service. For the former, skills and knowledge are required to convince the customers, and for the latter, a person should know how to sell himself.

 Other skills that would be needed are honesty, hard work, enthusiasm, and courage to take risks.

Here are some money-making skills that can double the monthly income of a person in a lesser time.

Freelancing:

Any work that is done for the client without committing to it for the long run is called freelancing. Freelancers are self-employed because they can flexibly select their working hours. Many websites allow the freelancer to work with ease from their home. One can start freelancing in their free time or on the weekends.

A freelancer usually provides his mind and skills. There are freelance writers, designers, web developers, photographers, and the list goes on.

Tutoring:

A graduate person could use the time to educate others. Working as a private tutor or joining an institute as a special subject teacher can help a person utilize their skills and subject matter knowledge to earn money. Check out America's Best Bookkeepers

Painting:

One does not need to be a full-time artist to earn money from painting. An individual could paint everything from portraits to houses or face paint at events.

Take Online Surveys:

An individual can also sit and fill out marketing surveys. Often, these surveys give rewards either through monetary compensation or gift cards.

Peer to Peer Lending:

Some people are in urgent need of money and want it instantly, so a person could join a lending club and earn interest on the loaned money. The earning could be as high as 25%, but usually turnover is between 3-8%.

Affiliate Marketing:

Affiliates are the owner of the website, and their web-content is usually about the company they are advertising.  Affiliate marketing pays you money when you refer others to the company for a particular service or product.

Repair Electronics:

A person who is a repair tech could also earn money from their skills, and a typical repair shop is not always necessary. The customer could contact a repairer by just hearing about the services. From computers to juicer blenders, one could be able to repair anything. Check out America's Best Bookkeepers

Online Selling:

Buy some small things at wholesale rates and sell them on the websites that allow the users to open their shop online. The products are sent to the customers using different courier services within 2-5 business days. That means one could have enough time to pack and send the product. These websites take a small percent of whatever is sold, and creating an account is low cost.

Sell Photographs:

Buy a good camera and sell what is captured. There are websites that allow photographers to upload their photos and earn from them whenever a person downloads them. These websites provide percentage-share to the uploader.

YouTube Video Making:

YouTube lets their account holder earn from their videos. When people watch the video, the person who has uploaded it gets the profit from the company.

E-Book Writing:

Any person could become a book writer – thanks to the internet. Now, there is no need to have funds to publish the written work. From a cookbook to the first aid booklet, one could write and publish just about anything. Many e-book sites allow users to earn from their e-books.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Earning Passive Income - Complete Controller

One common source of income comes from a professional or registered job or business. Earning a lifetime profit on a one-time investment is called earning a passive income. It also refers to the income generated from passionate efforts. Most people earn this by utilizing their natural skills. Suppose you have an interest in app development or cooking. In this case, you will first visit multiple websites and channels on the internet. You will start learning tips and tricks and learn how to exercise your talents practically to further develop your interest. It is human nature to be curious and explore subjects that interest you.   Check out America's Best Bookkeepers

Our hobbies and interests encourage us to learn something new. Multiple platforms exist on the internet where we can become a solo entrepreneur and generate passive income. The journey from initially learning to creating a self-made business is the path to earning a passive income.

This income is the best source to balance your financial circumstances. According to CNN Money, around 44 million US adults desire to make more money than their regular jobs, and nearly 36% of Americans become successful in making 500 extra dollars monthly.

The public’s interest in making passive money is increasing, and its scope is rapidly broadening every year. However, many Americans remain ignorant of this potential. They even believe “having a side hustle” is a useless practice and a wastage of time. That is why you must be smart when spreading awareness about passive income and earning money. Check out America's Best Bookkeepers

Your passive income depends on your capacity to work. There is the guarantee of a refund at the initial level but, with time, your talent will develop. For example, you are a newbie in the blog or article writing field and do not handle clients. You write your first blog and send it to the customer. Your article may be initially sent back because you could not meet the client’s requirements. You will then learn and find solutions. In the end, you will use this lesson to progress and take on more clients and earn more income, or you will abandon the field and eliminate your chances of succeeding.

There are multiple strategies and ways by which you can make passive income that is relative to your income standards.

One option is to use your spare bedroom or floor as a space to rent out to travelers or housemates. This will allow you to earn long-term passive income. This is done by leaving one portion of the house for yourself and renting the other portion out. You must have your tenant sign a legal agreement and decide a specific amount for rent. Here, this one-time investment also means you do not need to purchase a separate property but can use the home you already live in. Check out America's Best Bookkeepers

Another option is the peer-to-peer lending process. Various companies, such as Lending Club and Prosper, provide investors with different productive offers to realize the best passive income earning source. According to Financial Samurai, investors get 10% of the returns on investment within a year, generating passive income from companies. Additionally, the competitive rates offered are what attract consumers.

Do you have an interest in photography? Consider selling stock photos as a way to earn passive income. Photography is a hobby that allows us to preserve infinite memories. Additionally, it is a way to tell a story without using words. People love to have photos of their choice displayed in their house. This interest can help you earn a profit if you have a talent for it. The high scope of demand makes this domain of stock photography a big market.

Passive income is not an illegitimate way of earning money; it is done through passionate efforts. Consider using your skills, talents, and interest to earn supplementary income for you and your family.

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Passive Income - Complete Controller

Many financially mature adults earn money through active income, which is the income for selling goods or services. Active income includes revenue from wages, commissions, sales, salaries, and tips. It also includes gains from a business that you develop, own, and manage.

Passive income is making money through resources in which the recipient is not actively engaged. Passive income includes interest, royalties, dividends, rental income, and silent partnerships. Passive income is a satisfying way to earn money as your capital is doing all the work while you are passively reaping the benefits. Here are six passive income money earners. Check out America's Best Bookkeepers

Real Estate Investment

There are a few ways to make money via real estate investments. You can acquire a home or office building then rent it out. Once expenditures are paid, such as taxes, maintenance, and your mortgage, the remaining money earned is passive income profits.

Another way to earn real estate investment money is through crowdfunded real estate investing. This type of real estate investment allows investors to purchase real estate with a smaller amount of capital. The general crowdfunding buy-in amount ranges from $500 to $5,000. The majority of crowdfunded real estate sites don’t allow you to decide where to invest, nor is it liquidated. But it is still a good option to earn money via passive income. Check out America's Best Bookkeepers

Dividend-Paying Stocks

Purchasing stocks is not a new investment idea to earn a passive income. Dividend-paying stocks normally pay out dividends a few times a year. Most intelligent investors take dividends and reinvest them in more stocks to keep growing their portfolios. However, if you are looking at it as a passive income source, you can use the gains to pay bills or to save towards longer-term goals.

Peer-to-Peer Lending

Another excellent way to earn a passive income is via peer-to-peer lending. Peer-to-peer lending is the concept of becoming a part of a lending club. You earn income by receiving returns on interest in addition to the money you lent. There is some risk, although it is minimal. This risk is due to the idea that the lendee could default on the loan. The risk is much less in lending clubs than if you directly loaned money to a loved one.

High-Yield Savings

There are many savings accounts but starting a high-yield savings account immediately begins earning you money on dividends, thus earning you passive income. Like dividend-paying stocks, some high-yield savings accounts will earn you an accessible income every quarter. Check with a financial professional to find the best high-yield savings possibilities that will earn you the highest amount of passive income. Check out America's Best Bookkeepers

Royalty Earning Creations

There are several imaginative ways to earn a passive income after you finish the initial work. Writing an ebook is one way to earn money on a passive income. You can also earn royalties by offering your photos on stock photo sites. Yet another way to creatively earn a passive income is to produce an online class. Once you do the initial work, the income from that original production will be passive.

Use What You Have

There are numerous ways you can earn a passive income using what you already have. You can use your car to earn income by offering rideshares or advertising on your car when you drive. With the rideshare, you earn both payments from the platform and tips. When you use your car for advertising, you get a percentage of the income that comes in from your endeavors. You can also earn money by leasing out an extra room in your house. Another way to gain is by shopping as some apps offer cash for shopping for certain products or in specific stores.

Conclusion

A passive income is an excellent way to boost your income streams or replace your main income source. There is a multitude of ways to earn a passive income. The main thing to remember is you may have to put in some initial work to earn money, but the payoff will be worth it.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Money-Making Apps - Complete Controller

Your mobile or other smart devices can become a money maker. This income is possible because you can install it on your smart device or phone for free. Using these money-making apps can be a fun and easy way to earn extra money and even replace your income. Here are seven of the top apps to earn money and how to use them. Check out America's Best Bookkeepers

Foap

The Foap app allows users to make money by uploading and selling their original photos and videos. When a business, individual, or brand purchases one of your photos or videos, you split the profits 50/50 with Foap. You can use photos or videos you’ve previously captured or earn higher pay by taking new ones through different missions set up by the app. It is an enjoyable way to use your photography and videography skills while earning money. This app asks for the user to have a PayPal account to receive payment.

SweatCoin

This app is perfect for the individual trying to get a lot of steps in every day for the health benefits. On Sweatcoin, you make $0.95 for every 1000 steps you take, encouraging you to take a lot more steps a day as this can add up. The money you earn is not in cash, but it earns you credits you can use for shopping at 300 plus retailers. The truth is, if you’re walking anyway, why not get some free stuff while you’re at it? Check out America's Best Bookkeepers

eBay

eBay is an excellent resale app that has been around for years. Depending on the items you offer on the site, the potential for earning a great income. Some vendors that sell on eBay have developed a business around discovering things at thrift stores and yard or estate sales and restoring them or selling for a profit. On eBay, it is an auction sale that includes selling items at a “Buy It Now” flat price. For some scarcer or heavily sought after items, it is best to set up an auction sale as the competition can occasionally drive the price much higher than anticipated. All dealings are done through PayPal, making it secure. There are a few fees; however, most are negligible in comparison to the returns.

OfferUp

OfferUp is as if eBay and Craigslist were combined to make one app. OfferUp used to be an app for local sales of unwanted or second-hand items within your region. But it now has the added aspect of shipping open it up to the world like eBay. The great thing in contrast to eBay or Craigslist is that it is free to post or sell your items. You predetermine shipment costs at the time of publishing so you can contemplate it when establishing a sale price. If bought locally, you can save money on the shipment and schedule a meeting with the buyer.

Mobee

Mobee is a secret shopper app that presents tasks in your region. If you choose the objective, it gives you directions on what to do. The tasks could be taking a survey or taking a picture inside the store. When you complete tasks, Mobee pays you with points that can be exchanged for gift cards to various shopping sites and businesses, including Amazon. Check out America's Best Bookkeepers

Acorns

Acorns is an investment app that uses your spare change. Acorns rounds each purchase to the nearest dollar through a connected bank account and use that “spare change” to invest. This investment app is excellent for first-time investors that don’t have a lot of money to invest. However, it does have a maximum amount of money you can make to help you determine how to use it. It also has a small monthly fee dependent on the level selected.

TaskRabbit

TaskRabbit is an app that facilitates you to get paid to accomplish physical labor services in your vicinity. You set up a user profile with the skills and services you offer, and individuals hire you to help them out. Some of the more common tasks are moving, cleaning, rearranging furniture, mounting a television, etc. If you aren’t afraid of some physical labor, you can make a good side-hustle from TaskRabbit.

Conclusion

There are many other money-making apps, but these seven apps are the best to start making money today. And some of them are even fun!

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers