Wealth Management: How Does It Work?

Wealth management is a type of investment advisory service that combines other financial services to meet the needs of high-net-worth individuals. The advisor gathers information about the client’s wants and specific situation through a consultative process, then creates a personalized strategy that incorporates a variety of financial products and services. Within wealth management, a holisticContinue reading “Wealth Management: How Does It Work?”

Tips to Money Management

Welcome to the topic Tips to Money Management. You don’t need a higher-paying job or an inheritance from a relative to improve your finances. Better money management is all it takes for many people to minimize expenditures, boost their ability to invest and save, and accomplish previously unattainable financial goals. Even if you feel likeContinue reading “Tips to Money Management”

Tips for Money Management for Young Adults

Welcome to the topic Tips for Money Management for Young Adults. Many teenagers and young adults have no idea how to manage their money, apply for credit, or get out of debt. By 2020, 21 states will mandate high school students to take a personal finance course, and 25 states will require them to takeContinue reading “Tips for Money Management for Young Adults”

Stocks for passive income

Welcome to the topic Stocks for passive income. Passive income: What exactly is it? Passive income  is defined as steady gains from a source other than an employer or contractor. Passive income can be from a rental property or a business that does not actively engage, such as earning book royalties or stock dividends, accordingContinue reading “Stocks for passive income”

Passive Income Types

Welcome to the topic Passive Income Types. Passive income relates to earnings from a rental property, limited partnership, or other business in which a person is not actively involved. Passive income is normally taxable, just like active income, but the IRS evaluates it differently. The three primary types of income are active income, passive income,Continue reading “Passive Income Types”

Passive Income For College Students

Welcome to the topic Passive Income For College Students. Let’s discuss why you should care about passive income before we get into the ways to earn it. Earning passive income on a budget will not provide you with the same level of support as a full-time job. However, it is still worthwhile to make someContinue reading “Passive Income For College Students”