Eric Reed is a freelance journalist who specializes in economics, policy and global issues, with substantial coverage of finance and personal finance. He has contributed to outlets including The Street, CNBC, Glassdoor and Consumer Reports. Eric’s work focuses on the human impact of abstract issues, emphasizing analytical journalism that helps readers more fully understand their world and their money. He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines.
Passive income can supplement the money you make from your job, compounding your finances and helping you build wealth more quickly. Or it can free up time in your schedule. On the other hand, it can chew up lots of your time and be one of the most difficult financial goals. Passive income in any meaningful quantity is usually difficult to earn. Whether you build something of value, buy income-generating property or set up a strong portfolio, this takes time and money. Consider working with a financial advisor as you seek to generate passive income. Read more
Nearly half of all Americans depend on secondary work to get by. This is largely hidden from BLS and Census bureau data. According to the Census, 7.8% of Americans work more than one job. Having multiple streams of income is rapidly becoming how people save for retirement, get out of debt or just build up some spending money. That Etsy store might not pay all the bills, but done right it could certainly help a six-month emergency fund stretch a lot longer. Here are a few rules of thumb on creating multiple streams of income. Consider working with a financial advisor on how best to augment your income. Read more
Do prices return to some sort of normal? Will housing prices naturally come back down, and the price of blockchain tokens stabilize? Do stock prices always bounce back after a crash, or is there even such a thing as a financial reset? The idea that markets can return to normal is what’s known as the reversion to the mean. Here’s what you need to know about this concept. If you’re having trouble grasping the numerous investing metrics, consider working with a financial advisor who can help you understand and apply the metrics. Read more
Failing health often robs people of their agency. Whether due to age or illness, many hospital patients can’t effectively communicate their own wishes. For legal matters, this is handled through… Read more
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