4 Easy Ways for Seniors to Grow Their Bank Accounts

The following is a guest post

The world has changed a lot since the good ol’ days. The average age of retirement keeps creeping up little by little every year. Many Americans have a tough time making ends meet on a daily basis, let alone finding ways to save for retirement. Luckily there are still ways you can make some cash on the side to stabilize your financial future. Here are 4 ways seniors can grow their bank accounts.

Part Time Job

This one might be the most obvious choice to earn some extra cash on this list; it might also be the least agreeable one. No one really wants to spend their golden years flipping burgers or holding in passive aggressive rage toward rude customers. Still, there is probably no better way of finding guaranteed income than a part-time service job even if it does sting a little.

It doesn’t have to be so bad though. If you have a computer and internet connection, you can make money. The amount of simple, at-home jobs you can find on the web is astounding. Some of them don’t even require you to do anything but surf the web. Check this great website out for all sorts of useful and sometimes wacky ways to make money from home

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The Benefits of DRIP and How To Use It

The following is a guest post from Dan@StockTrades.ca

Dividend stocks at one time or another will more than likely become the backbone of your investing portfolio. Especially in your later years, the passive income from your dividend investments can play a pivotal role in your retirement. But if you are a young aspiring investor with a keen eye on early retirement, what is the best thing to do with that dividend check? In my honest opinion, it’s setting up a DRIP plan.

So what exactly is a DRIP plan?

A DRIP, or dividend reinvestment plan is a system set up by your broker,company or financial institution to purchase more stocks with your dividend payouts. The shares are purchased in fractions if your dividend payout is not enough to purchase a whole share. The best way to imagine this is a bucket stopping a leak. Every time water “drips” into the bucket, it fills. Once the bucket is full, you’ve earned a share in that company. You dump the bucket out, and repeat the process.

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What You Should Know About Bitcoin

The following is a guest post

All of a sudden, Bitcoin seems to be one of the hottest topics in investing. It’s not exactly new because it first emerged several years ago and has been gaining attention and influence ever since. But in the last 12 to 18 months people certainly seem to be starting to take it more seriously. Specifically, some are starting to address the idea of buying Bitcoin to fund retirement.

Whether or not this is a good idea isn’t a question you can answer by reading one article. Like most any other type of investment, buying Bitcoin carries some risk, and it shouldn’t be done lightly. But Bitcoin should be evaluated at least, given its growing significance both as a currency and a commodity. Given that, here are a few things you should know about it.

What Is It?

If you’re not sure about the answer to this question, don’t worry. A lot of people are still a little unclear on the details. Bitcoin is a complex concept, but not one that’s necessarily difficult to grasp. Basically, it’s a brand new currency that exists solely in digital form. There’s a finite amount of Bitcoin that can be generated (only 21 million), and it’s initially acquired via a mathematical “mining” process. But most people don’t really need to know about that part. What you need to know is that once it’s been mined, Bitcoin is out in the world and can be traded and stored as digital wealth. You can literally buy it with your own currency and use it to purchase goods and services at participating merchants. Or, if you wish, store it away on a safe digital platform as an investment to be sold later.

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Which Companies Affect the Value of the S&P 500 Index?

The following is a 3rd party contribution

Index trading online enables traders to invest in major national indices such as the French CAC40, the German DAX30, and the British FTSE 100. The 3 major Wall Street stock indices are the DJIA (Dow Jones Industrial Average), the S&P 500 (Standard & Poor’s 500) and the Nasdaq.

The Dow usually gets most of the attention, but the S&P 500 is more important to traders and is generally considered the most representative of the U.S. economy, as it is made up of 500 leading companies.

Founded on March 4th, 1957, the S&P 500 represents about 80% of U.S. market capitalisation. It is the most accurate tool for investors to monitor the overall health of the U.S. economy and is widely accepted as the best gauge of large cap equities. Worldwide indices are highly correlated and U.S. markets are usually the leading indicators of global economic forces, with European and Asian markets often following their performance.

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The Best Sources of Capital for an Events Startup Business

The following is a 3rd party contribution

In most business startups financing is usually a concern. Entrepreneurs are faced with a hard time trying to bring to life what they have envisioned for their startup. It can be disheartening when you compare all the beauty and greatness dreamed of and the limitations in access to funding.

However, just because funds are scarce doesn’t mean taking money from any source. Some sources of capital are incompatible with your business model and can wreak havoc to the startup.

There are institutions and individuals with zeal to see entrepreneurs transform ideas into success stories. In this article, we will point out some of the best sources of finance for an events business.

Family and friends

Apart from serving as a source of low-cost capital, they will also provide the required social proof for outside investors. When pitching this group, make sure you communicate the idea clearly enough to make them believe in you.

Even when they can’t provide large sums of money, they offer a valuable ingredient in startup funding. Most professional investors will be keen to see if the people closest to you believe in the proposed business. If they do, that could mean money flowing in towards your course.

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