canstockphoto1514440Reaching retirement age usually means getting to kick back and enjoy all the activities you might not have had time for when you were younger. However, you might find that those hobbies, while engaging, do not take up your entire day and you start to think about opening your own business instead. You would not be alone in this venture, as seniors are one of the fastest-growing entrepreneur groups in the nation. You may even consider going back to school to get your mba as a part of this venture, and there are several advantages to doing so.

1.     Fewer Time Constraints

While individuals enrolled in mba programs tend to be in their 20s, 30s, and 40s, going for a degree after age 55 may give you an edge over your younger classmates, especially when it comes to having spare time to study. After retirement, your time is usually your own and you can create your own schedule for attending classes and studying the coursework without feeling the pressure of raising children or working full time. You can take online classes at home for even more flexibility. Check out Maryland’s online mba in marketing to get started with earning your degree.

2.     Networking with Younger Students

Your classmates may be younger; however, this can work to your advantage when it comes to promoting your new business. Networking with younger students might give you insights to current consumer trends and how to market to a younger crowd. Taking classes with younger people and talking with them on a daily basis may also result in more open-mindedness and help you gain a new perspective when it comes to dealing with future customers who might be of a younger generation.

3.     Learning Keeps the Mind Nimble

The threat of degenerative diseases of the mind, such as dementia, increases with age. However, some studies have shown that continued learning can ward off these illnesses. Studying for an mba can be challenging and present you with opportunities to learn and retain a great deal of new information. As a result, your mind may stay sharper, even as you continue to age.

Your mind may also benefit from the social interaction you can experience while earning your mba. Talking with your classmates and professors about a variety of subjects, both inside and outside of the classroom, may ward off loneliness and feelings of isolation, especially if you live alone.

4.     You Will Have Work Experience

UAB reported recently that some business schools are now requiring their students to complete an intern program or gain experience before they earn an mba. This may mean a delay in graduation while this work is completed. However, because you probably have years of work experience under your belt, you may be able to complete this requirement faster. It is important to remember, however, that these requirements may vary from school to school and discussing them with your mba sponsor or student advisor before starting your classes may be a wise choice.

Seniors are starting new businesses every day and creating a surprising new trend where retirement means the beginning of entrepreneurship. Earning your mba may give you an edge when it comes to running your new business and increase your chances of long-t


While you’re at university, you don’t want to spend all of your spare time working. You can’t afford to. You need to be able to devote enough time to your studies, especially if you’re studying an intense degree like an online MSW from Rutgers Online. That will take a lot of your time. While you may need to work at some point, there are other ways to make money, without it interfering with your all-important study time.

Real Estate

This one needs a big financial investment at the beginning, but if you’ve got the money, buying real estate is a great way to spend money to make money. Renting your property out can be hard work, but you can make a lot. Do some research and wait for the right time to get a good deal from the housing market; don’t rush in to such a large expense.


Another ‘spend to earn’ type of investment, but you can spend a lot less. Buying stocks is buying a share of a company. The worth of your share rises and falls depending on the wealth of the company. Like real estate, you need to do your research and make wise investments if you want this to be a successful money maker.


Writing a blog is associated with small costs, such as hosting. And can take a lot of work. As a student, you could blog about your subject, something you are an authority on, so it doesn’t need to take up too much study time. Use your blog to make money from a variety of different sources, such as affiliate marketing.

Write an EBook

If you can write, an EBook could be an easy way for you to make money. You can write and self-publish and then find a platform to sell it on, including your blog, if you’ve got one. A little bit of promotion and advertising and you could start to see sales grow.

Sell Photographs

If you’ve got a camera and can take good photographs, you could sell them online to stock photo sites. Or put them on free sites, which often give users the option to donate to the photographer. This might not make you rich, but could provide a steady flow of extra cash.

Create an App

Do you have an idea for an app? Or often feel there’s something missing from an app you use. Why not make your own? Online tutorials can help you. If you want your app to be free, consider hosting advertising to make your money.

University is expensive. Whether you are studying for an online masters of social work or an undergraduate degree, you will need to earn some money, without taking up too much of your time. These are just a few of the ways to make a passive income while you are at university. They vary in terms of how much time or money you need to put in to get anything out. Maybe try a few until you find the right path for you.

canstockphoto7870418For some of us, putting together “20-something” and “real estate”is a laughable idea. However, more and more 20-somethings are becoming more interested in real estate than statistics are willing to say. There are those of us who want more out of life and understand the power of time that we have in building wealth through real estate.

Whether or not you own any property yet, the tips here should help you easily navigate the often risky (but mostly profitable) world of real estate. Here are the mistakes you should avoid regarding real estate, especially if you’re 20-something.

Believing that real estate is for the rich or old. Nothing is farther from the truth, while it can be more challenging for young people, it is very DOABLE. With virtually hundreds of ways to invest in real estate, from buying your first home to buying investment properties, there’s no shortage of options for you.

Living with parents too long. You might know someone like this – perhaps that one is you. If you’re still staying with your parents simply to escape the reality that you’re a grown up, well, it’s time to grow up and get a job, start paying your bills and meet the world. The only exception is if you’re saving money or trying to get out of debt. Accomplish your goals as fast as possible and get on with your life.

Not doing your research. Most young people think that homework ended when school does, but when it comes to purchasing a property and getting into the real estate market, it all begins with research. Knowing what makes a good deal a good deal, locations, and whatnots are extremely valuable skills to have. These skills are not hard to obtain, as there are countless books, blogs, podcasts, and magazines that can teach you how to invest in real estate while you’re still young.

Not being flexible. Getting into real estate means leading an entirely different life in the next couple of years. Therefore, you need to purchase homes that accommodate change. For example, do not buy a small, one-bedroom condo that easily fits your budget because you won’t be able to live in a one-bedroom condo forever.

Buying only based on price. Most of us are quick to recognize a deal and snatch it up before other else could. Many young people use this technique when looking for homes or investment property. However, theprice is only a PART of the equation. Look at the neighborhood, the schools, and recreational areas. How about growth potential?

Yes, price it important, but it’s not the whole picture.

Fearing the current economy.You might have heard about the rising cost of housing these days, but rest assured that house process will come back down to earth since Australia is currently facing an undersupply in the property market. There are house and land packages Sydney and other Australian cities where properties are accessible and affordable.

End Note. The last thing you should avoid is not to start early enough. Your strongest financial asset as a young person is time. By getting into property investment at a young age, you gain the ability to let the market sort itself over time as well as understand it on an expert level as time goes by.

canstockphoto8167128If you just bought a new smartphone, you should take some time to learn a few basic functions that will make your life much easier. Even a few minutes of reading and experimentation can make your device much more useful. As you explore your phone, pay attention to these four things to know how to do on your smartphone.

Enter Contact Information

The Android operating system lets you save a lot of information about the people in your life, including their phone numbers, email address, home address, and pictures. Saving this information makes it easier for you to contact the people in your life.

To add a new contact, select the Contacts app and tap the blue icon with a person’s silhouette in it. The app will prompt you to enter the new contact’s name, phone number, and other information. Feel free to save anything that feels relevant to you. Keep in mind, though, that most people never fill out all of the form’s lines.

Once you have entered the information that you want to keep, tap “Add new contact” at the top of the screen. Your phone will add the contact to its directory so you can call that person whenever you wish.

Set Up Your Voicemail

The process of setting up your voicemail depends on the service provider you choose. Some carriers have complex systems that may take several minutes to figure out, but it’s easy to learn how to set up your voicemail on a T-Mobile phone because it only takes four steps.

To start, hold down the numeral “1” button on your smartphone. This will automatically connect you to your voicemail. The system will prompt you to enter your password. If this is the first time that you’ve accessed your voicemail, you just use the last four digits of your mobile number. Once inside the voicemail system, you can create a new password with four to seven digits. Then, you just record your greeting. You can always change the greeting if you’re not happy with the way it sounds.

If you use a different carrier, then you will have to visit its website to learn about setting up your voicemail.

Find and Download Useful Apps

Installing the right apps can make your smartphone more useful and fun. Considering that the Google Play Store has more than 2.4 million apps, you will need to learn how to find and download the ones that interest you.

The Play Store includes a search feature that will help you hunt for specific apps. It works best when you know what app you want to download. It’s not always a great option when you only have a loose idea of what you need. Instead, you should find a few websites with trustworthy reviews. Some reliable sites include TechCrunch and Android Authority. They offer user-tested reviews that make it easier for you to choose an app that’s right for your needs.

Use a Password Manager

Protecting your private information is one of the most important things you can learn to do when you get a new smartphone. Since you probably have several password-protected accounts for your bank, credit card, email, and other services, you should consider learning how to use a reliable password manager. Here are some good options:

  • LastPass
  • Dashlane
  • KeePass
  • RoboForm
  • 1Password

Each of these apps takes a slightly different approach to storing and protecting your passwords, but they’re all based on a basic idea. By using a password manager, you can create advanced passwords for your accounts without the risk of forgetting them. Instead, you only have to remember the password to your manager app. As long as you remember that, your phone will remember the other passwords for you.

Smartphones have revolutionized the way that people communicate with each other and access information. The more you learn about your phone, the more features you will discover. Start with these basic functions so you can begin using your new device to its fullest today.

canstockphoto18355487When retirement arrives, it would be nice to know that you won’t have to pay over-the-odds for tax on your life’s savings. After working so hard for so many years, surely you have done your bit already? The trouble is, without sensible planning and investment, your retirement income could take a major hit. In today’s guide, I’m going to walk you through some of the tools and vehicles you need to ensure an (almost) tax-free retirement.

The basics

First of all, we need to look at the way your accounts exist under the current law. In simple terms, we can boil this down to three separate categories: taxable, deferred, or exempt. Taxable accounts are your investment income as you receive it – just as you would treat your salary, for example. They are things like your bank and savings accounts, and also money market mutual funds.

Deferred accounts are slightly different, however. They allow you to shield your investments from taxes, as long as they stay in the account. So, these will be vehicles such as your 401(k), Roth IRA, or any self-directed IRA plans. Exempt accounts are those which you don’t have to pay any tax at all, even after you start withdrawing funds.

The aim of the game

So, what about your investments – where should you put them? In simple terms, if an investment is tax-efficient, you should make them in your taxable account. On the other hand, if they are not tax efficient, you should put them in your deferred or exempt accounts.

However, your path to a tax-free retirement will also be based on your marginal tax bracket.

Let’s say you are a high tax bracket investor. Exploring tax-efficiencies will be more worthwhile than if you were a low-bracket investor. You will also need to understand the cause and effect of capital gains taxes, and how they differ from income taxes.

Let’s say you have an investment with short-term capital gain rates. You would need to look at whether your rates will be more preferable than generating funds through a longer-term rate.

It can be complicated, but there is plenty of help out there. So, whether you use a personal financial advisor or read online sites like The Fortunate Investor, keep up to date with expert advice. You will gain essential knowledge and give your retirement savings a nice boost.

Plan for tax efficient investments

Some investments are far more tax-efficient than others. For example, convertible bonds tend to have lower yields so you won’t pay as many taxes on them. On the other hand, preferred stocks can end up costing you a lot in taxes if they aren’t in tax-deferred accounts. Investment grade corporate bonds are another safe, tax efficient addition to make to your portfolio. You can put these into your deferred accounts, too, which will significantly reduce their tax profile.

The general idea is to start moving your investments into the tax-efficient arena before you reach retirement.  Junk bonds, preferred stocks, and common stock are all highly taxable – and will end up costing you money. If you want to keep more of your investment earnings, it’s critical to choose products that offer the lowest tax burdens possible. Hope this has helped – stay tuned for more ways of improving your retirement fund!