Easiest Way to Become Landlord (From a Guy Who Knows)

Passive income is a term we hear about but might not truly understand.  What is passive income?  It’s the ability to generate a source of income where one is not directly involved.  One example can be dividends from stock and bond investments, but a more common passive income is rental income.

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Becoming a landlord and generating income might seem like a big task, but it can actually be done with a relatively simple process.  In the steps that follow, I will discuss the easiest way to become a landlord.  These steps are easy because I have done it, and it wasn’t very difficult.

Easiest Way to Become a Landlord (3 Steps)

Step 1:

The first step in becoming a landlord is to own a property, and thus purchasing one.  Right after school I moved to a brand new city I had never lived in before.  I lived with an old friend for six months before I purchased my first home.  Whenever you begin thinking about purchasing a residence, always make sure you know the area.  For example, the home I purchased was near a local college and had many long-term residents as neighbors.  To complete this step requires a little bit of research, an understanding of the area you reside, and the ability to make the purchase.

Step 2:

Live in the place you purchase.  Many people get caught up in buying a rental property and renting it out immediately.  While this may work for some people, it can be a stressful situation.  You have to make sure the house is in livable condition, you have to market the place, then you have to meet potential tenants at the place throughout the week to show them the property.  All of this adds up and makes finding a tenant a long and complicated process.  By living in the place you purchase for say a year or two, you become comfortable with the property.  You won’t have to travel to show it to potential tenants, you can create your own date the property will become available, and you give yourself time to find another living situation while you look to create income.  I lived in my house for 18 months before I began renting it out.  The best part was that it was right at the beginning of summer which meant… No yard work!

Step 3:

Find a good tenant and pronounce yourself “Landlord”.  Although finding a good tenant isn’t always the easiest part, you can use your best judgement and various tools in order to ensure you are getting yourself into a good situation.  I made all of my applicants run a credit report on themselves and provide me with the results.  Bad credit can sometimes mean a bad tenant.  I also required the tenant to provide an additional month’s rent to ensure payments were never behind.

While there might be many easy ways to become a landlord, for me the easiest way to become a landlord was through the process I outlined above.  I have now been a landlord going on four years and having someone else pay my mortgage feels like quite the accomplishment.

Budget Smart, Invest Wise

 

Don’t Let an Accident Jeopardize Your Stability: Why Income Protection Insurance is Essential to a Family Plan

Every year, millions of Americans find themselves out of work either due to prolonged illness or injury or because their employer has ceased trading. Unfortunately, without the gift of foresight it is just not possible to predict how events may conspire against you in the future but you can take some steps to give yourself maximum protection against all eventualities.

When a principal breadwinner loses their income, it can have a devastating ripple effect on the rest of the family. If the reasons behind your inability to work are medical, there are the additional expenses to factor in to your household budget which has already lost most of its income stream. Struggling to pay for expenses in this situation can lead to additional stress and even confrontation within the family.

What is Income Protection Insurance?

Income protection insurance is also known as permanent health insurance as it is in place over the long term to protect you should you be unable to work due to illness or injury. When you have an income protection policy you will continue to receive a regular income until such times as you are able to return to work or retirement, if that time comes first.

This kind of insurance also replaces part of your income if you have to reduce your working hours due to disability and basically provides solid financial support all the way through to retirement. Most illnesses that leave you unable to work are covered in these policies, whether short or long term conditions and you can make claims as many times as you need to while you hold the policy.

Do you need Income Protection Insurance?

Whether you choose to take out income protection should not be based on whether you have dependents or not, although naturally your family are of concern if you’re unable to work. Income protection is designed to give you a blanket of protection against serious illness so that you can continue to provide for yourself if you are unable to continue working.  If prolonged illness or injury would leave you in a situation where you could not afford to pay your bills, you need to consider it as an option.

For people who are self-employed and at risk of losing considerably more than their income if they should suffer from serious illness, income protection insurance is a must. Not being able to work when you are a sole trader is a more significant problem than if you work for a business organization and there could be some delay in getting government benefits to supplement your income in these situations. Income protection means that you are already set up to continue receiving an income from the moment you are unable to work and best protects you and your family from any financial shocks.

Why is Income Protection Important to My Family?

No matter how secure you are in your job or how confident you are of your financial future, it is impossible to clearly predict. Insurance is an affordable way of protecting against high risk situations such as the possibility of losing a principal income due to serious illness. A good family plan should include adequate support for all other members should one be incapacitated in any way so that the others aren’t disadvantaged. It is definitely worth further research and getting some competitive income protection quotes online.

Stephen Strasburg Net Worth

October is finally here, and for baseball fans around the country that means one thing… PLAYOFFS.  If your MLB team is lucky enough to make the postseason, then you are likely to be glued to the TV throughout the month rooting them on.  One of the teams who did make the playoffs is the Washington Nationals.  The Nationals have seen progress over the past few season and part of it is due to the stellar pitching of Stephen Strasburg.  Stephen has spent all seven of his professional years with the Nationals and is coming off back to back 15 win seasons.  Because of his success, Stephen Strasburg net worth tops out at $25 million.

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Nationals pitcher Stephen Strasburg

At 29 years old, Strasburg has secured his standing as a top pitcher in the MLB.  His professional career began in 2009 when the Nationals selected the pitcher as the first overall pick in the MLB draft.  His initial four year $15.1 million contract was the highest of any rookie ever to that point.  This initial contract helped to jump start Stephen Strasburg’s net worth.  After signing a number of one year contracts with the team, Stephen was finally rewarded a long term contract with the organization.  In May of 2016, Strasburg signed a seven year contract valued at $175 million.  The contract is designed in such a way that gives Strasburg a player option beginning in the 2020 season.  It also includes a performance bonus.  The bonus is based on the number of innings he pitches during the regular season.  If he exceeds 180.0 innings pitched, he is rewarded with a $1 million bonus.

In order to justify his new contract, Stephen went out and performed quite well during the 2016 season.  He posted a 15-4 record and an ERA of 3.60.  He followed it up with another stellar performance in 2017.  For this current baseball season, he has another 15-4 overall record but has lowered his ERA to just 2.52.  Since pitchers in the National League are required to bat, Strasburg even went so far as to hit two home runs during the 2017 season.  He also was able to secure his third All-Star appearance this season representing the National League.

Stephen Strasburg net worth is due in large part to his career earnings while playing baseball professionally.  To date, he has earned over $60 million in career earnings through the 2017 season.  Strasburg is not a super flashy and well known player like his teammate Bryce Harper.  Thus, he lacks a lot of the endorsement deals that come with big name players.

Strasburg is still quite young in terms of baseball’s longevity.  We expect Stephen Strasburg’s net worth to continue to increase over the next years quite substantially.  While his net worth sits at $25 million now, it can easily double in a few years time.

 

 

How To Get the Fire Burning In Your Relationship Again

If we don’t take deliberate action, our lives usually evolve into predictable routines. While predictability is good for stability, it is not good for ensuring that the spark in your relationship keeps glowing. 
If you are currently feeling strains in your relationship, you need to shake things up as fast as possible. Here are some ways to go about it.

Make Surprise the New Normal

Surprising your partner isn’t as hard as you think. People appreciate the small things in life as long as they know that they are coming from a place of love. Your partner knowing that you were thinking of them during the day can totally change the mood of your whole relationship.
Surprises can take the form of flirtatious texts, flowers, dinner, tickets to an event, a cool dress or tie, or anything that communicates to your partner that you love and care for them.

Learn How to Manage Stress

Almost everyone feels some form of stress on a daily basis. While a relationship is a partnership, one needs to appreciate that the partnership consists of two different people. The success of the relationship, therefore, depends on what each one of you brings to the table.
You cannot bring your best to the table when you are stressed out of your mind. As far as your relationship is concerned, look out for the following symptoms of stress:
  • You become easily irritated and start getting into unwarranted arguments
  • You start to have an unhealthy view of relationships in general
  • Your ability to communicate your feelings reduces as you can’t focus
  • You spend inordinate amounts of time distracting yourself with TV or social media
If you think your stress levels are unhealthy, you can talk with your partner about the situation so you start working yourself out of the rut. As with all things, being honest will get your further than you think. If your partner is the one who is stressed, encourage them to relax and give them the support they need to work through the problems they are facing.
Ultimately, you need to communicate to one another that you are still highly committed to one another and that this is a phase that will soon pass.

Remember Why You’re Together

One of the most important things couples can ask each other, and continue to ask throughout a relationship is what makes them compatible.
This question gets at the core of why you’re together in the first place. Think about this for awhile before you bring it up, and make sure you have some good things to say about the relationship or actionable steps to take it to the next level. 
Thinking about why you’re together will remind you why you’re together. Those feelings can come rushing back, and you’ll be stronger for considering them.

Sometimes All You Need Is an Escape

A change of scenery can do a lot to relieve most of the strains you are currently feeling. Traveling to an exotic destination gives you something akin to a fresh start. You also get to escape the physical reminders of the state your relationship is in at the moment.
Travel to a destination that will allow you to engage in a lot of fun activities with your partner. The more active you can be the better. One idea is heading to the Caribbean to get a bit of adventure and beach activities. Staying at an all-inclusive resort will also free you from tedious vacation plans as most of what you need will be included.
Just keep in mind that there are different kinds of all-inclusives. You want to go to one that is set up for couples, not a family all-inclusive. There’s a huge difference between the two. One is for romance, the other is for family bonding. 

Recommit to Romance

It is easier to act your way into feeling a certain way than to feel your way into acting a certain way. It’s a confusing sentence, but read it again, and let the message sink in.
In the same vein, when you constantly engage in romantic activities with your partner, your relationship will become even more romantic and the love you share with your partner will grow even stronger.
The easiest way to change the routine you’ve been in is to start initiating touch again. Touch is very powerful in a relationship. You don’t want to be so comfortable in your relationship that you start living as roommates. Besides love, the one thing that polishes a relationship and makes it shine is romance.
Studies have revealed that couples tend to reduce the amount of touching they engage in as their relationship matures. This is not the right way to go about it. Touching frequently and passionately increases the level of attraction you have for your partner, increases libido, and makes your body release feel-good endorphins that can strengthen the feelings of love you have for your partner. 

Don’t Be Afraid to Ask for Help

Asking for help is probably one of the hardest things to do yet it might be one of the most important things you’ll ever do. We like to fancy ourselves independent but all of us need some shoulder to lean on from time to time.
While your partner may always be there for you, they cannot meet all your emotional needs. The same is true the other way round you cannot meet all your partner’s emotional needs.
Sharing your problems with other people besides your partner such as close friends, family members or a therapist will go a long way in helping you cope with the strains in your relationship.

Andrew Wiggins Net Worth

In today’s age, professional athletes are signing contracts that keep getting bigger and bigger.  In fact, contracts for players of the National Basketball Association are the largest of them all.  Recent negotiations between the players’ union and the association has allowed contracts to reach an all time high.  Andrew Wiggins is one of the players set to benefit from the recent contract negotiations.  The first overall draft pick in 2014 by the Cleveland Cavaliers, Wiggins never played a game with the Cavs, but instead was traded to the Minnesota Timberwolves.  Since arriving in Minnesota, Wiggins has proved why he was the number one overall pick.  His first contract was four years for just shy of $25 million.  Because of this initial contract, Andrew Wiggins net worth sits at $20 million.

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NBA star Andrew Wiggins

Although he is just 22 years old, Wiggins net worth is much higher than almost anyone currently in their 20’s.  Despite only having earned just $17 million through his first three seasons on the court, Andrew Wiggins net worth sits much higher due to his endorsement deal he signed as a rookie with apparel company Adidas.  It was reported that Wiggins endorsement deal with the company pays him roughly $18 million a year.  Couple that with his on court performance, and it is easy to see why they were willing to pay the young star so much.

Wiggins has recently made national headlines for his peculiar way of handling what could be the biggest basketball contract of his young career.  He recently fired his agent, and he is reportedly not jumping at the opportunity to sign a max extension with the Timerwolves which is worth $148 million for five years.  That contract would pay Wiggins nearly $30 million per season and would place him among the basketball elite.  But is Andrew Wiggins worth this massive contract?  The answer is an astounding YES.  In just three years in the league, Wiggins is averaging over 20 points per game, and last season alone he averaged over 23 points in each contest.  He is a solid free throw shooter at 76% and made adjustments to his game to reach a 36% success rate on three point tries.

It was evident that Wiggins was a special talent early on.  In 2013 he was the Gatorade National Player of the Year and Mr. Basketball USA as a senior in high school.  He ended up signing with the Kansas Jayhawks where he played just one season averaging over 17 points per game during the season.  He eventually declared for the NBA draft where he was the first overall pick.  His NBA career got off to a stellar start and he was named the NBA Rookie of the Year along with being apart of the NBA All-Rookie First Team.

Despite not being in any rush to sign his contract extension, Wiggins has expressed that he would like to remain with the Timberwolves in the future.  Although only time will tell, Wiggins with or without an agent is expected to sign an extension of some kind which will pay the young star a great deal of money.  Andrew Wiggins net worth will greatly increase over the coming years as he continues to earn money from not only his new expected extension but also his endorsement deal with Adidas.