Making Money From Your Sofa

Making money from your sofa sounds like a dream come true, doesn’t it? Or something that people talk about, but few people actually manage to do. But, in the modern world, where the internet plays a huge part in our day to day lives and has opened up a world of online business and new ways to make money, it’s entirely possible to make money sitting on your sofa, wearing your PJs with Netflix on in the background.

Of course, it’s not always that simple. Like most things in life, the more effort you put in, the more money you will make. Which can mean that if you want to make serious money, enough to give up your job and become a full-time home worker, you might want to get dressed and take things a little more seriously.

But, if you just wanted to make a little extra pocket money, you could do it while chilling out after a long day at work, without too much effort at all. Let’s take a look at some of the ways that you can make money, whether a little or a lot, from the comfort of your sofa.

Sell Your Crafts

selling crafts - Making Money From Your Sofa

If you already make things, have you ever considered selling them? Many of us have creative or crafty hobbies. Crafting can help us to destress and unwind. Those of us with creative hobbies are often more productive and find it easier to think creatively at work.

But, selling your crafts can also be a great way to make money. While you might have to leave your sofa to buy supplies and organize delivery, you can create your work on the couch, just like you might already be doing.

Many people start out just making a little money from their existing projects, selling on social media, or online sales sites. But, if this goes well, people often create a brand, read an introduction to brand protection, and even launch their own websites. Some of these brands become exceptionally successful.

Try Your Hand at Writing

woman writing

If you enjoy writing, and you are reasonably good at it, you could use your skills to make money as a freelancer. There is plenty of freelance work available for writers.

Some of the jobs include content writing, CV writing, product descriptions, copywriting and editing, or proofreading. Working as a freelancer means that you can work when it suits you, earning anything from a little to a lot.

Start a Blog

Another great project to start at home is a blog. There are bloggers and influencers out there, making a substantial income. But, don’t think that it’s easy and that you’ll get free stuff all of the time. Successful bloggers work very hard and commit a lot of hours to their blogs.

Take Surveys and Test Websites

If you just want to make a little extra pocket money easily, then taking surveys, helping with market researching, and testing websites are all great ways to do it. Sign up for multiple survey sites, and you could make a little money every day.

Ricky Guiterrez – The Day Trader

Surely you have seen youngsters these days exploding as entrepreneurs these days. Among them is a young man named Ricky Guiterrez. Ricky is a 24 year old day trader from Arizona. You may have seen him featured on a YouTube video making $11,000 in just 24 hours. Safe to say the young man has done quite well for himself.

Ricky has become a YouTube sensation through teaching other traders his strategies either on his YouTube channel or his “Learn Plan Profit” course. Ricky took his talents of trading penny stocks and bought his first house at the age of 20 and claims to make north of six million dollars a year. Along with day trading Ricky also invests in real estate, car flipping, and has a series of online businesses.

Why Should You Care?

ricky guiterrez-2

In today’s society, anyone with internet and some ambition can get an online business off the ground. Having all of these business resources easily accessible can also lead to lazy entrepreneurs cutting corners and misleading people.

If you are looking to jump into any business venture the quickest way to excel is finding a mentor and tweaking it in your own way. There are hundreds of thousand day traders that have paid money in order to make Ricky their day trading mentor.

The question however is, are these people in good hands? Or just victim to a clever boondoggle?

So What’s The Deal?

Ricky is educating inspiring day traders through his program called LPP or “Learn Plan Profit”. For a price of $299 you can enroll in this course and be well on your way to learning how to trade like Ricky…or will you?

According to fellow day trader Patrick Wieland, Ricky Guiterrez is nothing more than a fraud. Now Wieland has admitted that Ricky offered to buy his ex-girlfriend a plane ticket to Arizona for “a good time” so his opinion may be a little biased.

However, the reason you are learning about Wieland today is because he actually makes a valid point. He simply asks that if Ricky is as profitable as he say he is, then how come he has never shown a audited broker statement? Ricky’s alleged response to this claim was that he wants to keep his finances private.

This is typically a reasonable answer but there is only one problem. Almost all of Ricky’s trading videos consist of him telling you how much money he made anyway. So what would be the issue of showing the broker statement.

How Should You Know Who To Believe?

Now there is the million dollar question. If you are looking to jump start you career as a trader should you risk taking a chance on Ricky’s trading program. Although Patrick Wieland has a valid question that deserves an answer, he never actually joined Ricky’s trading program.

Along with his clear bias against Ricky Guiterrez, him not actually enrolling in the program makes his testimony just a tad fickle. Another trader who had a year of experience before joining LPP also had some input of his own. He goes by “Stock Talk” on his respective YouTube channel.

Mr. Stock Talk claims that he left solely because there were too many obnoxious traders in the group chat. After becoming tired of this group chat, he moved to one of Ricky’s more private chat group. Mr. Stock Talk then realized that the this chat room also began to get infested with complainers and bad energy.

Mr. Stock Talk also explained that Ricky Guiterrez was only available for about 45 minutes to an hour everyday. If you are paying $300 to learn a skill you would probably want a little more attention. Due to the large amount of students Ricky has no possible way of helping each and every person out.

Mr. Stock Talk claims that approximately 90 percent of the information that Ricky gives to the chat members is also available on his YouTube channel. This means as long as you have internet connection you could do your own due diligence and learn the trading strategies yourself. Mr. Stock Talk says that if you are a beginner trader than it may be a worthwhile investment.

Honestly, Ricky has already made a huge amount of money from his courses. This is probably why he does not care that you see his material for free on YouTube. He may have realized the direction of his chat and chose to put information on YouTube to collect revenue streams.

However, despite all of the criticism Mr. Stock talk does go on to say that he has learned a lot of valuable information from Ricky. Mr. Stock Talk says that he learned trading discipline. He talks about how he learned be patient enough for a stock to just begin its rise before buying.

Where Should You Go To Learn Trading?

Quite simple. Go to his YouTube channel. It would be much wiser to just subscribe to his YouTube channel rather than spending $300 on a program. Sure you are in a chat with like minded people but that is what YouTube’s comment section is for. You can network on there just like a chat room, especially on live streams.

Ricky has over 600k subscribers so the guy must be doing or saying something right. You can learn his trade strategies for free and use that $300 to test the waters yourself. Remember no matter who you decide to follow or allow to mentor you, there is no teacher like experience.

Even though Rick may have a level of transparency to his trades, he probably is not going to show you what makes him maximum profits. That just would not be the

actions of an astute businessman. You can still learn strategies and concepts that can make you money. If you are looking to master a craft or skill then you should be reading up on everything and listening to everything possible.

Take notes from what makes sense to you and throw out what doesn’t. Not to say stay in your comfort zone but you these trade gurus are just guides not absolute messiahs.

When Should You Subscribe?

Right now.

Things You Must Invest In For Your New Business

Trade has been the way of the world since eons, but it is not less than a roller coaster ride for a debutant. Faltering, doubting, and making mistakes during the journey is part and parcel of every modern business.

When you are starting a business, knowledge alone is not enough to take you through the thick and thins. You need passion and hope in equal doses, as well. You have to make the right choices with the confidence that you will make it through.

Once your business is up and running, and you have gotten out of those turbulent waters, what should be your next step? The initial period of a new business is integral to decision making as regards future investments. You should carefully monitor your business’s growth to decide when and where to invest in bringing stability and prosperity to your company.

Investing in your new business is as much as a challenge as it is a learning opportunity. You have to be prudent when it comes to investing in your new business. You need the money and effort you are putting in to pay dividends, bringing in profits and expansion opportunities.

Emergency fund

emergency fund

Setting up an emergency fund may not seem like an investment, but putting aside a specific amount in such a fund monthly, or quarterly will prevent your business from suffering significant damages in case of an emergency. Having an emergency fund is separate from investment and savings accounts.

Opening a no fee bank account is ideal for those startup owners that have little cash flow prior to launching their business. If this sounds like you, consider searching for those accounts that are based around savings. As these accounts aren’t considered high-traffic, they are less likely to attract high fees. This way, your nest egg for emergencies won’t cost you money to accrue.

Therefore, if you encounter an unanticipated issue, it can be sorted out quickly by using money from the emergency fund. An example of the need for emergency funds can be the replacement of expensive malfunctioning equipment or urgent product demand in the market.



It can never grow old and can never be useless. There is always room for improvement, even if you are the founder of a business. When you are running a business, you have to don the hat for multiple roles. You may excel in some but may find yourself at sea when it comes to numerous other business issues.

In many organizations, business founders often find people management a difficult task. When you are running a business, you cannot do it all on your own. You need a team, and you need to know how to manage them.

Therefore, investing in learning how to do that will be instrumental in the growth of your business. Hire a coach or enroll in a course that can help you manage your regular tasks.

Right Tools/Equipment

right equipment

It often happens that the business line of credit for new businesses does not allow the business owner to get the right tools to grow the business. Initially, to focus is to get the company started. Once you have started and it has become apparent that your service and product is reaching the target customers, then it is time to invest in the right tools and equipment.

The right tools can get the desired product to the customer in a shorter period. In some cases, the product/service price also drops as a result of the company acquiring new equipment.

Accountancy Services

accountancy services

Unless you have a tiny business and you are quite good at numbers, do not operate your business without an accountant. In some cases, you may feel like you cannot afford the services of a full-time accountant.

You can outsource accountancy services in that scenario too. However, it will be best in the best of interest to invest in accountancy services as soon as you can.



A company or a business is nothing without the people running it (the employees) and the people supporting it (the customers). As a new business, you must have people investment at the top of your agenda.

You need to have an efficient and reliable team that can keep your business up and running and make it grow. When you have a task force, you need to invest in their learning. Market dynamics change continuously; therefore, they need to be abreast of all the changes.

The employees should be entitled to attend courses, seminars, and coaching sessions. Moreover, your business should engage customers in creative activities and develop better relations to retain and grow the clientele. It calls for campaigns and offers like giveaways and sales etc.

Online Marketing

online marketing

Even though conventional marketing is still in the game, but if you are a new business, it is better to start from online marketing. You need to invest both your time and money in coming up with a compelling online marketing campaign.

Today’s world market is online; therefore, an online presence is essential. Organic growth may be a fad, but there is nothing unethical about paid campaigns.

Therefore, if you can invest in online marketing campaigns, make it your priority. However, ensure that it is a compelling marketing campaign.

SEO Optimization

seo optimization

You need to have an online presence as a business, and for that, your business must have a website. Do not take your web presence as just a formality. Create a compelling narrative that will make people visit and stay on your website.

It will make your webpage appear in the top web searches. In addition to investing in developing a good website with great content, consider investing in SEO optimization. It will result in your webpage, and resultantly your business having an online presence.



Your workspace should be a place that has all the essentials required to run the business effectively. Additionally, it must also be a welcoming place both for you and your workforce.

A workspace must be comfortable, clean, and organized. Try not cluttering the workspace with a lot of unnecessary stuff. Only invest in materials that are required and resources that keep the place welcoming.


investing in business

Most importantly you’ll need to hire a Dallas business lawyer to help you manage your contracts and agreements with all your partners.

To grow a business, investing money or capital is not the only factor. You have to spend your passion, as well. Pausing and learning along the way is also an investment in your business. While financial capital is essential, it alone is not enough for any company to make it big.

Starting An Airbnb Business Without Owning Any Property

When you’re browsing for side-income or new business ideas, a short-term rental business might not be the first thing that pops into your head if you don’t own a house. Wouldn’t that be like becoming an Uber driver without having a car to drive people around in?

Well, not exactly. The days of needing to own a house to start and scale an Airbnb business are long gone. There are two business models to use to start making money on Airbnb:

  • Rental arbitrage
  • Managing other people’s properties.

The first one requires a little bit of investment (renting a property). If you’re starting with no money at all, you’ll want to choose the second one. But both have their pros and cons.

What is rental arbitrage

rental arbitrage

Rental arbitrage is the process of taking out a long-term lease (renting a property from a landlord) and then taking that property and listing it on short-term rental websites like Airbnb and VRBO. There are a few caveats to this approach:

  • You need enough to rent out the property (security deposit, first month + last month, any maintenance or repairs that need to be done, that extra layer of paint)
  • The landlord needs to be on board with your business idea
  • Rental arbitrage must be legal in the jurisdiction.

So it requires an initial investment, even if only a fraction of the cost of buying a house. If you have some savings, this can be a great choice, given it’s the more profitable of the two business models.

airbnb help center

The Airbnb Help Center provides all the information you’ll need about the legality of rental arbitrage in your area. If it’s not directly on there, they’ll usually link you to the relevant city hall website. Check beforehand before you sign a rental agreement.

The rental arbitrage model has high profit potential: you could be renting an apartment or house for $2000/month and renting it out on Airbnb for $150/night. In less than half the month, you’ve paid off the price of rent and the rest is profit. If you get enough savings, you can scale this to more properties and the opportunities are endless.

But this model doesn’t work for everyone, because you might not have any savings or money to invest in a rental. That’s where the property management model comes in.

Property Management Model

property management model

This model is the quickest to scale and the cheapest to start. As an Airbnb property manager, you only need to invest in one thing – your knowledge about managing properties. In terms of other costs (rent, maintenance, etc.), you don’t need anything.

You just need to market yourself to people who own properties and who want to rent them out on Airbnb but don’t know the first thing about it or don’t have the time to do it themselves.

As an Airbnb property manager, you can onboard a new client in under two days if you want to. And two days later, you can take on a second one! That’s how scalable this model is. However, where in rental arbitrage you’re taking home 1.5x-3x the amount of the rent you were paying (for one $2,000 monthly apartment, you could take home $2000 in profit), the property management model has a much smaller profit margin.

That’s because you’re sharing the cut with the owner. While the amount you take is wholly up to you and the landlord, typical sharing schemes are from 20/80 (you taking the 20%) to 50/50.

But it’s easy for you to scale and take on more properties quickly.

All you need is to find landlords. Design a business and marketing plan and decide how you’re going to reach out to these people and market your services.


choice is yours

The choice depends on your current situation. You can start an Airbnb business today whether you have savings or not. Which model you choose depends on how much money you already have and how fast you’re trying to scale the business.

The only thing you need is to learn about the vacation rental industry.

5 Business Ideas To Boost Income While Working Fulltime

Starting a business at home while working fulltime is a smart strategy that can help you turn your dream of financial independence into reality.

If you possess specific skills or are a specialist in a profession, you can work at your own pace to build a side hustle that does not require additional investment or elaborate equipment.

Five business ideas that you can start at home

Here are five business ideas that you can start at home while you work fulltime:



Blogging can be not only a viable income source but also a profitable one. While there are celebrity bloggers who earn as much as $14,000,000, there are many successful bloggers who earn upwards of $40,000.

The revenue sources include affiliate marketing, advertisements, sale of own products and guest posts. Choose a niche topic and ensure you regularly create content that helps build your online reputation while boosting the number of visitors to your site.



If you love to write and have certain skills or information to share, writing an eBook may be a great business idea while you work full time. As you can work at your own pace, you can transfer your thoughts and skills on to a downloadable eBook which delivers in terms of imparting a skill.

Online Course

online course

You can utilize your abilities and knowledge by offering an online course. Udemy, the largest online tutorial and learning platform, features a course on “How to Create an Awesome Online Course” where Miguel Hernandez, the educator, explains how he is able to make $90,000 in a year with his online tutorial.

Airbnb host

Airbnb hosts make $924 a month on an average while some hosts can make as much as $10,000 per month. Although the earnings depend on the location of the vacation rental home, the facilities and services offered, listing your spare bedroom or your second home on Airbnb can help you earn passive income while you work full time.

Instagram marketing

instagram marketing

If you already have a considerable number of followers on your Instagram account, you may be approached by gear companies, major brands and other businesses that sell services or products related to the content you post on Instagram.

With some marketing skills, apart from having thousands of followers, it is possible to charge $500 to $5,000 or more per post.


While these ideas depend on your professional interests and skills, it is important to understand that professions that provide services or advice to customers, can be fraught with a number of risks including mistakes, delays, omissions or breach of contract.

While these may not be intentional, even as a home-based business you are still liable for lawsuits and claims. To protect your home based business consider, Professional liability insurance which protects you by covering the expenses involved in defending against lawsuits, judgements and settlements.

Collective2 Review

Are you trying to find a profitable trading strategy? Are you losing money consistently while trading?

If yes, you might be thinking about using a ready-made strategy. However, it is not easy to find one.

Due to the same problem, most people resort to social trading platforms. On these platforms, they can copy other successful traders. One such platform goes by the name of Collective2. The question, however, is this platform good enough?

Before you make your mind regarding this platform, you can go through our Collective2 review to understand more.

What Is Collective2 All About?

About Collective2

It is a social trading platform. On the platform, you can track successful traders. You can monitor the strategies and even mimic them. You can cherry-pick the traders depending on their trading strategy and mimic the same. It means that you will not have to create your trading system. You can imitate someone else.

However, the best feature of this platform is that you can automate the process. It is known as auto trading. For a subscription fee, the platform allows you to automate the mimicking process. It means that you will not have to initiate the trades of a particular strategy leader manually. The platform will do that for you.

The record of the traders is available to the members, who want to follow the trading strategy. Thus, you can either buy and sell manually or automatically.

Now that you are aware of the gist of the platform, we will delve into the Creator of the platform to understand more about it.

Who Is The Creator?


Mathew Klein is the founder of Collective2. He has been spearheading the platform since 2001. Over the years, he has raised over $ 50 million in funding, as well. So, you can be sure that the platform is legit and has stood the test of time. Due to this very reason, there is no doubt about the credibility of the Creator of the platform.

What Is Included In Collective2?

We will go into the details of various features on offer by the platform.

Strategy leaderboard

Collective2 Strategy Leaderboard

A social trading platform is only useful if you can spot the right traders. That is why, this platform offers you a strategy leaderboard. With the help of this leaderboard, you will not only be able to spot the right traders but also filter them according to your requirements. It means that finding the right trader to mimic is quite easy. You also have an add-to-watchlist feature, which means that you can monitor that trader without having to go through the other traders.

Broker Transmit

It is the feature that can help you automate your trading. The broker Transmit feature will automatically send a trading signal to your broker account. The strategies of traders to whom you have subscribed will get delivered to your broker. The broker account will initiate the trades based on these signals. As a result, you will not have to shift your trading account either.

When you sign up for auto trading, you will know about the list of compatible brokers. As a result, it will become easy to buy and sell automatically.

Abides by the rules and regulations

The laws in the US prevent any individual from providing personalized financial advice. That is why, the trade leaders are not allowed to send personalized financial recommendations or commands to any particular subscriber. As a result, the platform abides by the rules and regulations.

Simulating a strategy

simulating a strategy

Users of the platform can also invent a strategy. There are numerous strategies listed on the platform. You can go through the description of the strategy and trading history, as well. After that, you can simulate the trading plan or choose the auto trading option to buy and sell according to the strategy.

Thus, if you want to stick to a single strategy rather than a trader, that is certainly possible, as well.

The best thing about the strategies to have is that it has the past performance data, and therefore selecting the right one is comparatively easy.

Customizing auto trades

You can customize the auto trading options to transact only in a few assets rather than mimic the trader or the strategy across the assets. You can customize the settings for the stop-loss as well. As a result, if you want to customize the auto trade mechanism further, you can do so. It will allow you to reduce your risk by a significant margin.

It is a win-win situation as you can follow a successful strategy-leader and reduce your risk at the same time.

Member reviews

The platform allows you to review any strategy. The only caveat is that you should have been following it for at least 30 days.

You can interact on the message boards as well to expand your knowledge or ask questions. As a result, you can know more about the strategies and interact with others on this platform.


Want to simulate any trader or strategy?

If yes, there is a free stimulate on offer which the traders can use. It means that you will be able to monitor in real-time before putting the money on the line. It will ensure that you can customize the strategies and also reduce the chance of huge drawdowns as well.

When you look at all of these features, it is easy to understand why it is a popular social trading platform. With so many customization and trades options available; you cannot go wrong with this platform.

How Does Collective2 work? Is It a Scam?

how it works collective2

The platform offers you the ability to mimic any trader or any strategy. You can automate the mimicking process, as well. Auto-trade subscriptions will cost you anywhere from $ 20 to $ 200 per month for mimicking a strategy. There is a discount on the annual plans as well.

Since you can choose the strategy after looking at the past data and the strategy details, there is no chance of a scam.

The platform is a legit social trading platform that can help you make a significant amount of money without going into the nitty-gritty of the strategy or the fundamentals or the technicals.

Before you make up your mind about this platform, you can go through the features, pros, and cons of the platform below.


  • Simple interface
  • Hundreds of trade leaders available
  • Auto trading features
  • Customization options
  • Established platform
  • Strategy based mimicking on offer


  • Credible creators
  • Easy to use platform
  • Trades available across financial instruments
  • Compatibility for auto trading with various brokers
  • Allows you to tweak auto trade settings
  • Complete transparency regarding past performance
  • Active forum


  • Overwhelming for new traders

Does Collective2 Work?

Yes, Collective2 works for anyone who wants to make money through financial instruments. It does not matter whether you’re looking for sound investments or just trades which you can mimic; the platform can certainly help you. It is up to you to choose the strategy. That is why; there is no pressure to follow a particular trading strategy either. These features ensure that the platform is pretty effective and works well.

Who is the Ideal Candidate for this platform?

If you want to make money by trading or to invest in financial instruments, possibly, it is one of the best trading platforms. If you wish to invest your extra capital, then as well it is the perfect option for you. Since it requires no knowledge on the part of the investor, it is suitable for almost anyone.


All in all, Collective2 is a social trading platform that can help you make money right from day one. With the help of the auto trading feature, you can make money in a completely passive fashion. Due to this very reason, if you’re on the fence regarding this platform, you should use it to your advantage.

Sad Bucks Into Swagbucks: Getting Money When You’re Desperate

It’s a desperate situation. Perhaps you’ve been working so hard to stay within a strict budget for the benefit of the family, but you constantly find yourself looking for pennies on the sidewalk, or praying that there’s a note lodged in between some cushions. But when you’re desperate for money, it’s not just about the financial stress, it’s the emotional stress as well. But what can you do to get some money if you are really desperate? Is there really a way out? Let’s provide a variety of options for you.

Are You Owed Money?


It’s now time to call in those favors. If you’ve been able to lend friends money before, or you’ve casually let something slide, perhaps it’s time to call it back? As well as this, don’t just think about the friends or family that owe you money, but think about the opportunities that went unnoticed at the time because you had money. For example, if you’ve been an accident, have you tried your luck with any personal injury attorneys? If you are that desperate, there is no harm in going down this route just to try your luck.

What Can You Really Sell?

You are desperate, so think about the things that can really rake in a pretty penny. Selling things may not seem like a good idea in the long-term, but if you need a quick cash injection, you’ve got to think about places like pawn shops or thrift stores. It’s important to go through all of your items, especially if you’ve got something like an old smartphone. You may have a pile of smartphones collecting dust, and there are plenty of websites that allow you to sell and recycle your old phones because if you are someone who has a lot of electronic items, you can certainly get a pretty penny if you’ve got a bunch of these little things lying around. It will all add up!

Getting Extra Money In Your Spare Time

emergency fund

The great thing with any temp agencies is that they pay on a weekly basis. This means that if you can get a job, especially in your spare time, you aren’t far away from a paycheck! But also, think about the methods that get you money right away. And while becoming an Uber or Lyft driver doesn’t sound like a great way to get money, if you live in an area with a dense population, you could make a lot of money quickly. If you wanted to, you could turn it into a full-time job, but when you think about the fact that you could earn up to $100 by working 5 hours solid, it soon adds up over time. As well as this, think about other productive methods of working in your spare time. There’s plenty of opportunities on freelance websites or even websites like Inbox Dollars or Swagbucks. With these websites, if you have the time, you will get out what you put in. It’s all about commenting on adverts, taking surveys, and watching videos. So if you are stuck at home, it’s a way to get a partially passive income.

Don’t Forget To Negotiate With Your Creditors

If you are clouded in debt, it’s certainly a way to buy yourself some time. Because if you need money to pay bills or debts, it’s always worth contacting your creditors to explain the situation and to make arrangements to pay part of what you owe. This is something that we may not necessarily think about, because we are likely doing our best to avoid speaking to them. But ultimately creditors will work with you to get their money, and they are happy to take part of the payment, rather than nothing at all.

Have You Thought About Bankruptcy?

It is a last-ditch attempt. Bankruptcy is something you shouldn’t take lightly. But if you are buried in piles of debt, it could be a way to wipe the slate clean. There are various types of bankruptcy options, and it’s always worth doing your background research. But if you are so desperate for money that you don’t see a way out, and there’s too much debt, as well as this, everything appears to be going against you, bankruptcy should be the final option. Sometimes, it will wipe your debts completely giving you the chance to start again. But it all depends on the type of bankruptcy you file for. 


Getting money when you’re desperate is achievable, but we’ve also got to be realistic and think about our life. There are ways for you to cut back on your spending and still be happy.

Considering Becoming A Landlord?

Letting a property can bring in an additional source of income, be an investment for later life, or even be your full-time occupation. However, dealing with all of the details on your own can be difficult and time-consuming. Have you considered the benefits of working with a letting agent?

Letting agents provide many benefits to landlords and to tenants. They are a source of information and advice. They have experience in every aspect of the letting process, from promoting your property to guiding you on setting your rent to finding the best moving company to remove furniture or add it to the property.

However, this is not the end of the benefits of short let letting experts. Many such firms have connections within the business that mean you can get greater coverage for your properties without needing to pay additional fees. They will also have templates for many of the legal documents you need to produce, including your tenancy agreement. 

In addition, they may undertake referencing of perspective tenants on your behalf, deal with tenancy deposits and set up rent collection arrangements. Some services offer to work on setting up viewings and offer a point of contact so that you do not need to give out personal details.

Such agencies give you support and advice, including on aspects such as inspections and end of tenancy arrangements. It is an ideal situation for those who still want to retain complete control over their property and the final decision on who to let your property to.

Why Tenant Referencing Is Important

a woman at her desk

It is important to ensure that your tenant can afford the rent and will take care of the accommodation. This is where tenant referencing comes in.

Tenant referencing provides you with details about your prospective tenant and safeguards you and your studio accommodation, flat, apartment, or house in a number of different ways.

Firstly, it provides you with evidence of the prospective tenant’s identity. This is important for your own peace of mind, but also to fulfill your legal requirements in regard to their right to rent a property.

Referencing also gives you a chance to check other details the person has given you in relation to their employment and previous renting record. Employment information will include salary information that ensures that they can afford the rent and have a stable long term income.

a man working

References from previous landlords give an indication as to the type of tenant they have been previously and the level of risk you are taking with your financial investment. 

A credit check is usually carried out as part of the referencing procedures for long-term or short let properties, including studios, flats, apartments, and houses. A poor credit score can happen for a number of reasons, and you can create safeguards by requesting that a guarantor is provided.

Alternatively, you can request a greater number of month’s rent in advance if they are a positive asset in every other respect. 

5 Things To Consider Before Setting A Family Budget

If you’re looking to get your finances in order when it comes to your family then you’re going to need some tips. With so many important things to consider before setting your budget, it’s important you know exactly what you’re doing when it comes to your finances. Whether you’re looking to save for a high-ticket item or you want to get a better hold of your finances, setting a budget is important. With that in mind, here are 5 things you need to consider beforehand: 

What Bills Do You Have To Pay?


One of the first things you need to think about when it comes to a family budget is the bills that you need to pay. Whether it’s your monthly rent or your gas and electricity, you need to be making note of them in a spreadsheet. Once you have all of your monthly bills noted down, you can start to think about how much money you have leftover for the month. For guidance when it comes to working out your outgoings, you can visit this site here. 

How Much Income Do You Have Coming Into Your Household?

Another important thing to consider is how much income you have coming into your household, as without this you won’t be able to work out your monthly disposable income. Make sure you’re taking into account all of the different incomes you have coming into your household. 

Do You Have Any Outstanding Debts?

Once you know your incomings and outgoings, you need to think about any outstanding debts you may also have. If you find you have lots of debts, it might be worth considering a loan that will help you consolidate them. For more information about online installment loans, you can visit this handy site here. 

Are You Savings Money?


If you’re trying to save money, you also need to take this into consideration when creating your family budget. Make sure you’re treating it as a recurring outgoing, as this will increase the chance you have saving money each and every month. The theory is if you act like it’s a necessity to save, chances are you’re more likely to save a considerable amount. 

Do You Keep Track Of Your Disposable Income?

Finally, you need to keep track of how you’re spending your disposable income. Although this is spare money you have to spend each month, you may find that you’re spending it on unnecessary items. 

Make sure you’re keeping track of everything you purchase, monitoring the things you do and don’t need to buy. This could mean cutting down on your visits to the pub, ordering fewer take outs each week or reducing the amount you spend on clothing. Either way, you may be surprised you can save each month. 

Do you need to set yourself a family budget to help look after your finances? What do you need to consider beforehand? Let me know your thoughts and ideas in the comments section below. 

What Are the Main Things to Consider When Making a Will?

Investing in the future is a smart decision, but what happens if your future is cut short? A will is one way that you can invest in the future of your loved ones so that they never have to fight over real estate, investments and assets that you leave behind.

When you create a will, you’re choosing to break away from the 60% of Americans that leave the burden of estate managing in the hands of a lawyer, state or family member.

You can create a will online, or you can go to a lawyer that specializes in wills and trusts. The latter is the ideal choice when you have:

  • Investments
  • High net worth
  • Real estate holdings

If you have nothing to your name, a will may be made online. The more complex the will, the better it is to go to a lawyer. A lawyer will be able to walk you through some of the tax advantages that you may be able to setup for family members, and they’ll ensure that the executor of the will has everything in place to divide your assets properly.

What to Consider When Making a Testament With Varied Investments

If you have varied investments, you may want to consider the following:

Foreign Tax Compliance Laws

If you have foreign bank accounts, you’ll want to work with a lawyer that has experience working in both countries. Israeli bank accounts, for example, are subject to FATCA Compliance which means that if you’re a US taxpayer or a foreign entity that has US taxpayers with substantial ownership, you will need to pay taxes in the US, too.

For example, if you have over $10,000 in financial accounts in Israel, the money will need to be reported to US tax authorities with the IRS expecting to collect 30% tax on the asset.

It’s in your best interest to work with an attorney or law firm that specializes in wills and trusts in Israel and the United States. The lawyer will have experience dealing with FATCA compliance and also helping to lower the tax burden on your loved ones.

Should You Create a Trust?

Trusts are a great option if you have a lot of assets to leave behind. Trusts can have tax advantages, and they can also help you put conditions on asset division. Perhaps you’re leaving your estate to your grandson which has been in recovery for years.

You can put a stipulation in the trust that only a certain portion of the assets will be distributed when your grandson is:

  • 3 years clean
  • 5 years clean
  • 7 years clean
  • Graduates college

Trusts can lower estate taxes, and they allow for the distribution of assets without delay and without costs involved in probate court.

Executors and Guardians

If you have minor children, you’ll want to make sure that you appoint a guardian in the event of your demise. The guardian you choose should be aware of the burden that she or he will shoulder upon your passing.

But you’ll also want to name an alternative guardian just in case the first passes away or has become incapacitated.

Executors should also be named, and these will be the family members or persons that you trust the most. This individual will be responsible for executing the will, and the best executor is someone that is familiar with fiscal matters.

The estate’s executor will be responsible for everything from executing the will to filing with courts and a variety of other legal tasks.

Special Circumstances

Circumstances change, and you do not have an obligation to leave anything behind to family members. If you have had a lifelong feud with your nephew, you can opt to leave him out of your will completely.

When you omit family members from a will, you should have it written down why the person has been omitted with a simple statement.

The reason for providing a statement on the matter is that the person that has been left out of the will can argue that they were omitted by error or mistake. If you clearly state that the person is not to benefit from your will, it will allow for an easier time executing your will and final wishes.

If you create a will today, you should update the will whenever new financial investments or matters arise. Perhaps you didn’t mention your stock in Amazon in the initial will because you’ve just purchased shares.

You can amend your will to include these new investments to ensure that they’re dispersed accordingly upon your demise.

Read over your will annually and have any changes made by a lawyer. You can even request that a person take care of your pets or livestock. You can also leave the continuation of your business in your will so that someone else will overtake your business.