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November 7, 2024
By
The Admiral Staff
This article outlines six steps to achieve financial freedom, regardless of your definition. It suggests using tools and strategies to improve your credit score (Credit Sesame), reduce credit card debt (MoneyLion), start investing (Robinhood), secure life insurance (Bestow), lower car insurance costs (EverQuote), and create a budget using the 50/30/20 method. The article emphasizes that achieving these goals can alleviate financial anxiety and move you closer to your personal vision of financial freedom.
March 26, 2024
By
The Admiral Staff
The article explores the financial benefits of downsizing your home. It argues that tying up a large portion of your net worth in a house can hinder investment opportunities. By selling a larger, more expensive home and purchasing a smaller, less costly one, you can free up capital to invest and significantly reduce monthly housing expenses like mortgage payments, taxes, insurance, and utilities. The author illustrates this with an example showing how investing the savings from downsizing could result in substantial long-term financial gains, allowing for greater flexibility
March 22, 2024
By
The Admiral Staff
The author shares their experience transforming from someone with a loosely defined “budget” to effectively managing their finances. They dispel five common myths about budgeting: it’s not complicated, requires no math skills, takes too much time, restricts fun, or is a one-time setup. Instead, the author advocates for a simple, regularly updated budget (even just listing income and expenses) to gain control over spending, prioritize financial goals, and ultimately reduce financial stress.
January 28, 2024
By
The Admiral Staff
This article provides a step-by-step guide for beginners looking to start a freelance business. It outlines the basics of freelancing, highlighting its advantages (flexible hours, remote work, setting your own rates) and disadvantages (quarterly taxes, lack of benefits, client acquisition). The 9-step process includes defining services, determining rates, building a portfolio/website, choosing a business structure (LLC or S-corp), obtaining an EIN, securing necessary licenses, opening a business bank account
April 18, 2023
By
The Admiral Staff
Real estate investor Paula Pant manages multiple rental properties while traveling the world by building a trusted team. This team includes reliable contractors for renovations (often managed remotely via text and photos), a property manager for upkeep and tenant relations, and utilizing tech tools like Cozy for streamlined rent collection and lease signing. Pant emphasizes that while passive income requires upfront work, it ultimately allows for financial freedom and the ability to enjoy the rewards from anywhere.
