Archive for September, 2020

18 Passive Income Ideas for 2020: Which Is Right for You?

September 15, 20200 Comments
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18 Passive Income Ideas for 2020: Which Is Right for You?

There are many different routes you could take toward financial independence. Whether that be juggling multiple jobs at once, being blessed with successful investments, or starting a few side projects that came to fruition. Whether you’ve reached your financial goals, or you’re actively looking for new ways to grow your wealth, there can be a few tips to the trade.

For instance, you may be thinking you would like to invest in resourceful stocks to grow exponential earnings over time, or even invest in a business. But if you don’t have the required deposit to put down, you may be deterred from your initial idea. If you only have a few pennies to your name, or a comfortable bank account, the majority of us are able to create passive income projects.

Whether you’re wanting more money to invest in a larger rent budget, or to travel the world, passive income can help you do just that (and without having to put in that much work). If you’re looking to boost your financial portfolio and establish an action plan to grow your bank account, check out our hot tips below.

18 Passive Income Ideas for 2020: Which Is Right for You?

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How to Support Small Businesses in the Pandemic Economy

September 9, 20200 Comments
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How to Support Small Businesses in the Pandemic Economy

Although most small businesses have already felt the most intense negative effects of the COVID-19 lockdown, chances are that they’re still recovering on many levels. Small businesses in every community are still fully financially recovering and can use your continued support. Want to be a long-term partner in the success of the entrepreneurs and family-owned businesses in your area? We put together some actions you can take:

1) Participate in Crowd-Funding

Crowdfunding is defined as the act of funding a project by raising small amounts of money from a large number of people. In terms of helping small businesses, this can be an extremely viable way to lend a helping hand. Why not assist with building the long-term financial foundations of your favorite small businesses in your community?

2) Buy Essentials Locally

Rest assured that your hard-earned cash is better off in the hands of local entrepreneurs than corporate giants. Keep in mind that family-owned businesses can get hit hard with the cost of rent. Even if they seem to be doing well, you never know the bills they’re struggling with on a daily basis.

3) Support Via Social Media

Buy locally and also, but also to post about it on your social accounts and spread the word. Word of mouth recommendations can go a long way, too. Have a friend looking to purchase a gift? Recommend a local gift shop. Most small businesses have online shops, so geography doesn’t matter.

Unfortunately, many small businesses are feeling the continued impact of decreased revenue due to COVID-19. Since new entrepreneurial ventures don’t always have the strongest emergency fund or access to governmental resources yet, they rely on community support.

It’s time to step up to the plate if you haven’t already. It’s a win-win situation because supporting family-owned businesses help boost the overall economy. Encourage your family and friends to do the same and buy local. Every referral counts!

Take a look at the graphic below from The Zebra to learn more examples of how to support small businesses during the pandemic.

How to Support Small Businesses in the Pandemic Economy

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