Monday Night Finance- Volume 30

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The investor toolbox – the best financial tools in one place

Are you an investor? The stock market is a great wealth builder. Most retirement plans in the US require that you invest in stocks to amass enough wealth to retire. Although index funds can make stock investing a passive pursuit, they are not the only path to wealth. If you’re investing in individual stocks or sectors, then you’ll need to do your homework about which stocks are set to over-perform the market. But how do you know which stocks to choose? You need tools to help you invest.

Financial tools can save you time and they can also help you be a better investor. In this article, you can find a list of valuable financial tools to help you improve your returns. ~Andrew from Compounding Works

In this article, Andrew from Compounding.Works put together all of the tools you need to grow your wealth. The toolbox ranges from budgeting apps (like CountAbout) to portfolio analysis tools and even robo-advisors. Because it is so expansive in the tools it covers, the toolbox is a great resource for anyone looking for ways to grow their wealth. If you are looking to invest but don’t have a brokerage firm, the toolbox has lots of recommendations for you. Maybe you’re already investing in stocks but are looking for charting tools for technical analysis– the toolbox has you covered there as well. And even if you’re a seasoned investing pro, it’s worth checking out the toolbox to see if there’s a new tool you’ve never heard about that could help you get to the next level.

Ultimate Guide to Candle Making [Make Money Selling Candles from Home]

Since the launch of Uber and Airbnb, the words “side-hustle” have entered the American lexicon. A side-hustle is a form of self-employment you engage in outside of your 9-5 job to grow your wealth and help you achieve a better financial future. A lot of articles about side hustles involve starting a blog, drop shipping products, or working in the gig-economy such as Fiverr or Door-Dash. In this article, Forrest from Don’t Work Another Day talks about a side-hustle I’ve never thought about before, selling scented candles.

In this post, I’ll teach you how you can make your own scented candles at home, ways you could sell them to make money, and tips to growing your candle business! Keep reading to learn how to start your candle business today! ~Forrest from Don’t Work Another Day

The article begins by explaining the different types of candles. I learned that it’s now possible to make candles from a soy-wax that is better for the environment and produces less soot than paraffin. The post then provides detailed instructions on how to make candles. It’s worth checking out even if you never plan on selling candles, as this was an extremely well written tutorial. The last part of the article talks about how to market and sell the candles along with various price points. You will want to make sure that you register your business with the proper authorities and follow all state and local guidelines.

Top 10 Ways to Save Money Fast Every Day

Are you trying to cut your spending? Perhaps you want to increase your emergency fund or pay off an unexpected expense. Or maybe you’ve decided to take control of your expenses and begin your debt-payoff journey. No matter your motivation, if you want to start saving money, you’ll need a plan. In this article, Jo Ana from More Money Tips presents 10 money tips to help you save money fast.

We all want to save as much money as we can, to give ourselves a stronger financial future and a better life. But to do that without taking up too much precious time, we need to prioritize on the actions that we take. ~Jo from More Money Tips

Jo Ana’s top tip is to snag free stuff whenever you can. You can let your coworkers know that you’re always looking for free stuff and that you welcome hand-me-downs. You can also utilize programs like Freecycle or a “buy nothing” group. If you can’t get the item you need for free, check to see if you can borrow it from a friend. Finally, if you can’t get it free or borrow it, see if you can get it second-hand. Beyond utilizing free items whenever possible, you can also try to save money on groceries and utilities. Jo Ana links to several of her popular posts on these topics. If you want to learn more, check out those links. Jo Ana points out that by eating a vegetarian diet, not only do you save money on groceries but you cut down on your risk of getting very expensive chronic health conditions. Check out the article for even more money saving tips.