Hope for your financial life and beyond

A Beginner’s Guide to National Disability Insurance Scheme (NDIS) Real Estate Investing

There are so many new investing opportunities coming into the forefront these days. Most recently has been the rise of cryptocurrencies in the United States and around the world. These new forms of investing give investors a chance to diversify their portfolio. In the end, that is a good thing.  It spreads their money around so that one bad investment won’t ruin their financial life.

But what if your investment also went a long way in helping someone in need? What if you could make money but also help people at the same time? Well, one unique form of investing in this way has popped up in recent years in Australia.

It is known as the National Disability Insurance Scheme (NDIS). NDIS is an innovative initiative by the Federal Government to provide better housing for disabled tenants (who are themselves known as NDIS participants). With this program, investors can earn up to 16% of gross rental income. You receive the chance at long-term rental returns together with the potential growth of your property value. 

So what is this all about? Here is a beginner’s guide to understanding the National Disability Insurance Scheme (NDIS) real estate investing. 

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Bringing Business Agility Into Your Interactions

What is business agility? Maybe the more important question to ask is “Does your business have it?” And if not, how do you go about getting it? 

Put into simple terms, business agility is the process and ability to constantly adapt to a changing environment. Someone once said that the only thing constant in life is change. How ironic. That proves true in our personal lives as well as in the business world.

Look no closer than the pandemic of 2020. The pandemic hit businesses by surprise. It forced them to adjust rapidly to survive. According to research, over 9 in 10 organizations developed their digital strategy as a response to the global pandemic. That is a little scary – that around 90% of businesses did not have a digital strategy in place before the crisis hit.

This, in essence, is one of the most compelling reasons why business agility matters. A company that remains static is digging its own grave. 

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9 Things To Consider Before Relocating

My wife and I have moved 5 times in our adult life. Two of those moves were into and out of apartments. The three others were into and out of residential homes. Each was necessary at the time as we were entering a new stage of our lives together. 

But wow – how much work it took! Way more than we thought. From the time the thought of moving entered our minds, to the time we had finished unpacking in our new place, so much effort went into the move.

Moving into a new home will be more work and commitment than it seems. Although you may have moved before, or multiple times, each move is different. Each property requires different attention, time, money and effort. 

So before you move, it is important to weigh the pros and cons. Relocating takes many shapes and sizes, whether you are moving to a new city, across the country or to a new country altogether. It’s a big commitment and there are many things to consider. Here are just a few. 

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7 Ways to Future-Proof Your Business

As we have seen in the last year, the future is unpredictable. You never know when a major event is going to pop up and disrupt your plans. It is something you should prepare for even if you don’t know when the event will happen. 

This is true for your personal financial life. You need to have an emergency fund in place to pay for unexpected events.

But it is also true for those who run their own business. The steps you take today will determine how well your business can face unexpected challenges.

The pandemic is a perfect example of how unforeseen challenges can disrupt the status quo. It really shook up the business world. Research is showing that 91% of businesses have adopted some form of digital strategy as a way to future-proof their business from issues like the one we just faced. This is just one way that companies need to adapt to an ever-changing world. 

So what plans have you set in place to guard your business against a drastic economic shake-up? Can your company survive in any unforeseen circumstances? If you are not sure, then consider a few of these practical and effective ways to protect your business against unforeseen situations in the future. 

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The Beginner Bitcoin Mistakes You Don’t Want to Make

Within the last few years bitcoin and other cryptocurrencies have been in the news a lot. It’s become very fashionable to talk about these as a legitimate, new form of investing. Many people are looking at it as a way to make money and become wealthy.

But is it better than traditional investing in stocks and bonds? And should everyone be investing in these currencies? Are there issues to consider before you tackle the cryptocurrency world? 

It would be good for you to know that there are some common Bitcoin mistakes beginners tend to make. So if you are thinking about dipping your toe into the Bitcoin trading and investing world, it’s important to understand what to avoid doing. You don’t want this new venture to end in disaster.  

So, let’s look at some of the mistakes Bitcoin investors make and how you can avoid them.

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How To Take To The Open Road (And Earn Money When Doing So)

Covid-19 has caused a lot of havoc with people’s finances. You may have noticed a significant dip in your expendable income, the amount you have left over after paying your basic bills. Whether whether this is the result of reduced working hours or company cut-backs doesn’t matter. You see it and feel it in your everyday life.

There are steps you can take to combat this issue, like prioritizing your spending habits when making a budget or trying your hand at investing. However, one of the ways you probably thought of immediately was to be on the lookout for a new way in which you can earn more money. Whether you call it a side hustle or just getting a second part-time job, when a crisis hits, this is the route many people take. 

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How to Succeed Quicker in Business

Have you ever started a business? If so, you know that starting one is not an easy task. It takes time, effort and a lot of work to get one started and headed in the right direction.

When it comes to the world of business creation though, entrepreneurs want to succeed quickly. These are fast-minded and driven people who want to see their investment turn a profit quickly. For them, a long, drawn out process is not what they are hoping for. They want to move and move now. 

Now, there’s nothing wrong with taking your time and getting to where you want to be slowly and gradually. However, there are certain things you can and should do in order to make your rise to the top happen faster and with less difficulty. If that is what you are looking for, then the following ideas and strategies may prove useful for you. 

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What Are the Challenges of Being a Digital Nomad?

A lifestyle that is appealing to a growing number of people is being what is known as a digital nomad. This type of lifestyle brings the freedom many enjoy and the ability to make money in the way that they want. In essence, while you earn, you get to travel and experience new things. You’re not tied down and stuck at home or in an office, doing the same stuff day-in and day-out.

How is this possible? Through the use of technology. Digital nomads use telecommunications devices like cell phones or laptops with wi-fi access or hotspots to conduct their business. By using these devices they are not tied down to one location. They conduct their business and do their work wherever they want, like in coffee shops or libraries. Many even work in foreign countries. 

While this lifestyle might sound appealing, the life of a digital nomad isn’t always a perfect paradise. There are plenty of challenges with living this way. So, if you are thinking about becoming a digital nomad or are looking for ways to navigate some of the challenges you face as one now, here are some strategies that might help.

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5 Sure Fire Ways Of Becoming Financially Independent in 2021

Everyone loves the idea of becoming financially independent, especially in this day and age. Who wouldn’t want to have the luxury of not worrying about how to pay your day-to-day bills and have some money left over to enjoy. That would be a nice place to be. 

However, the rise of coronavirus has seen the unfortunate downfall of many businesses. That means many people have been left out of work and financially devastated. For some, it seems like there may be no way back from their situation. 

However, even in times like these, financial freedom isn’t as far out of reach as you might think. While it’s not an overnight process, you can set yourself on track to achieving exactly that!

Not sure where to start? Here are some basic ways you can move towards being financially independent in 2021.

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The 5 Most Important Concerns When You Are Flipping Houses

I’ve written a lot on this site about owning rental property and being a landlord. For me, it’s one of the best ways to earn passive income. There is a good deal of work that goes into purchasing and renovating the home. But once that is done, for the most part, owning rental property can be a hands-off side hustle, especially if you hire a professional management company to take care of it for you. 

A not-so-hands-off side hustle would be flipping a house. For those that may not be familiar with this practice, the term “flipping” refers to a short-term ownership of the home. The buyer (investor) purchases the property with the intent of renovating it and then selling it for a profit. This is done in as short a time frame as possible so that income can be realized to pour into the next flip. 

Flipping isn’t easy. I have some friends who do this and have had some measure of success. But if you are looking to make money from buying and selling property, you will need to be fully aware of what is in store for you. Some of the concerns with buying and long-term ownership of rental homes also applies to flipping homes. However, there are a few additional concerns in particularly related to flipping homes. 

So today, I’m going to take a look at what those concerns are and discuss what you can do to deal with them properly. If you do the following, you will find this is much easier to do.

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What Does God Prescribe for the Handling of Your Personal Finances?

The Bible has a lot to say when it comes to managing our lives in a more wholesome way. Money has always influenced the way people live. However, it does not mean that it should affect the kind of people we are at heart.

If you’ve grown up in a Christian household, you may have heard it said “Practice contentment and don’t covet other people’s stuff” (derived from Exodus 20:17). But the world around us usually says otherwise in the way that it tries to sell us material things by making us want them through various advertisements.

In the modern age, our finances can be affected by just a click of a button. It makes you wonder how we can manage that power and have better control over our finances. Many books have been written and careers made based on the popularity and demand for such help. 

Additionally though, people can and should turn to see the nuggets of advice that the Bible has to offer about how to manage your finances. Here is a quick guide to help us explore what the Bible says about money. 

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