Redefining Progress - Page 2 of 2 - Personal Finance With an Open-Minded Outlook

5 Things I Wish I Knew Before I Started an Online Business

Many people feel like they have a sleeping entrepreneur inside them, but there still remains some false ideas of what it takes to run an online business. You’ll never have to put up with other people that you don’t like, and although in the early days there will be more working hours than in your regular office job you’ll love every second of it if it aligns with your passion. But putting ideas into action need effective plans.You have a clear picture of it but, in reality, you can be so focused on the big picture that smaller, less attractive…

Track Your Spending: The First Battle in the War on Debt

According to The Money Charity, the average UK household is in £60,363 of debt. With millions of job losses expected due to the fall out from the coronavirus pandemic, that figure is set to rise. It could spell disaster for those who are already struggling to manage their finances.  For anyone who has experienced debt, it can be truly crippling. Trying to make repayments while keeping up with your other expenses is tough. If you’re still not in control of your spending or on a low income, it can feel impossible to make progress. But, no matter how bad things…

The Process You Must Follow To Buy a Home in Spain in 2020

The idea of buying property in Spain can certainly be appealing with the thought of an average of 3000 hours of sunshine a year in the Costa del Sol,  having lots of appeal. However, is this a pipe dream or something that can easily converted into a reality? It is important to realise that Spain has a long history of encouraging inward investment and that the property market has benefited from this. Spain has no restrictions on the purchase of property within the country to EU nationals and so is open for investment from all over the world. To add…

5 Easy Ways to Get Started with Real Estate Investing

Real estate investing doesn’t necessarily mean becoming a landlord. Whether you are looking to diversify your existing investment portfolio, or you want an additional income stream, there’s a way to invest that can work for you. Here are some easy ways that you can invest in real estate. REITs (Real Estate Investment Trusts) These are a bit like mutual funds, in that you don’t have to actually purchase a physical property. These trusts are in companies who own commercial real estate, such as hotels, apartments, office buildings, etc. REITs can pay high dividends which makes them attractive options to supplement…

9 Reasons Why So Many People Are In Debt

Getting into debt is such a common occurrence in Western nations that it could be considered an epidemic. It can tear couples apart, be a constant source of stress to an individual or even worse. If you are one of those people who don’t see a way out, please read this thoughtful piece by Jackie Beck. We don’t want you wallowing or feeling bad about yourself for getting into debt. It happens. But to get over a problem we must admit that we have one and a good way to do that is look at the reasons why the problem…

Bitcoin vs Stocks: (Pros and Cons and Which To Choose)

Bitcoin and stocks are very different kinds of investments. Let’s look at the implications of each, so you can decide which to choose if you want to put all  of your financial eggs in one basket. Bitcoin vs Stocks: Tax Implications Bitcoin emerges as the winner here. Short-term capital gains are usually subject to higher federal income taxes than long-term capital gains. Bitcoin enables you to harvest your tax losses to offset your capital gains tax liability. You therefore save more money, which you can then reinvest in your portfolio. Bitcoin vs Stocks: Capital Gains There’s no winner here, as…