More Than Finances

All about cryptocurrency, all the time.


Make Millions From Passive Income – Pat Flynn’s Net Worth

Imagine a world where you wake up wealthier than when you went to sleep. With passive income that dream can be your reality.

Pat Flynn has made it his life work to not only create passive income for himself but also teach others how to as well. He even calls himself the “crash test dummy” to see what works and what doesn’t.

But what can we really learn from him, and what is Pat Flynn’s net worth?

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cFIREsim Review

9 to 5 till 65, but truth be told odds are you’ll have to work longer than that.

Most people are now working well into their 70’s. Whether that’s for financial reasons or just so they have something to do it is the truth.

The other side of the crowd are those who are retiring in their 30’s and living a life most can only dream of.

Whichever group you fall under the cFIREsim calculator can help you reach your goal. Read More


5 Ways To Make Extra Money While Working Your 9 To 5

There’s far too much month at the end of your budget. I have felt that more often than I care to admit. But,
there are ways to help you out, side hustles you can do on your off time that can help make your finances that much easier.
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How Much Interest Will I Earn On 1 Million

A few weeks ago we discussed if you could live off a million dollars. Another mental exercise people will do is figure out how much interest will I earn on 1 million dollars? Read More


I Inherited $30,000, Now What?

best way to invest 30kMany people would like to inherit a million dollars. I don’t need that much, in fact, I need much much less.
However, some people could easily inherit a smaller amount like $30,000. So what should you do if you inherit $30,000? Here are a few ideas.

Start A Business

Running a business, full-time or on the side, can be a great investment. If you start one while working your regular job you have extra money to pay down debt, go on vacation, or grow an emergency fund. On top of that working a job on the side can lead to working it full-time instead of your 9 to 5 giving you more freedom.

Another benefit of owning a business is there really is no limit to the amount of money you can make. You simply put more work in and you’ll get more money out (theoretically). So a $30,000 investment into a business can lead to $30,000 in profit or more depending on the business.

Invest Simply With Index Funds

If running a business is too scary for you or you don’t have the time a simple way to invest is through index funds.

For many, the stock market is a scary place and it feels more like gambling than investing. With index funds like Charles Schwab or Vanguard offer, you can get invested in the stock market without having to think about it.

Index funds, put simply, own small portions of many stocks. So rather than buying shares of Apple, Microsoft, Best Buy, and others the index fund buys small portions of each of those stocks. As they rise so does the index fund and your risk is lowered.

While some stocks go down, others in the fund go up so the fund itself will go up most days even just a little. Statistically, it is the safest and most reliable way to invest in the stock market. Just look at the history of the S&P and you’ll see what I mean.  There are also several good market index funds internationally – Canada and Europe are probably safe bets.

Keep A Good Emergency Fund

An emergency fund can be the best investment of your life. Many people in this country are in debt, but if they had an emergency fund in place they would not have gone into debt in the first place.

A good rule of thumb is to have 3 to 6 months of your income in this emergency fund. However depending on your type of job you may want more or less than that. For those of us that work for ourselves full-time, it may be good to have a year’s worth of pay in savings just in case you have a bad year.

Finally, Pay Off Debt

If you have any debt pay that off first, especially credit card debt. Let’s say you have $30,000 in credit card debt. At 15% interest, you will pay $4,500 a year just on interest. If you invested that same $30,000 in an index fund getting 8% back you will only make $2,400.

Do What’s Best For You

It’s going to be different for everyone. Some people don’t have any debt, some don’t have the stomach for business. Look at what your situation is and make the best decision for you.