How To Create Multiple Streams Of Income

A tuition payment plan is a lesser-known way to pay for college as you go. It breaks your tuition bill up into smaller payments, allowing you to pay in installments over time. Remember, how you decide to finance your college education is going to be one of the most important decisions you make in your life.While a lot of students opt for student loans or financial aid packages, that isn’t the only way to pay for college. In this article we’ll dive into how tuition payment plans work, how much they cost, and some things you’ll want to be aware of before you enroll in one.

If you are thinking about diversifying your income, you may be asking yourself, “How do I diversify my income?” It's actually pretty straight forward, and many of us have already created multiple streams of income, we just don’t realize it.The goal of creating multiple income streams should be to maximize your potential in each category available to you. If you are just starting out, it really isn’t reasonable to expect you to generate tons of rental income.However, if you start maximizing your income generating potential through your primary salary, you will find yourself having excess income that you can reinvest to generate additional income streams use different buckets of assets.Remember, the average millionaire has 7 different income streams. Seven! Here are the most common ones.

The debt snowball and debt avalanche are two of the most popular methods for paying off debt.When you first start paying off debt, the most important thing is to have a plan. Without a plan, paying off debt can seem like a daunting task, which will quickly deflate any motivation you have to, you know, actually pay off debt.Having a plan can help you realize that debt is not forever and that it's possible to be debt free. So often, debt feels like a lifetime sentence, but it doesn’t have to be.As you explore the different types of debt pay-off plans, the debate between the debt snowball vs. debt avalanche is bound to come into play. Each side of the debate makes strong points for their favorite debt repayment strategy. But, which is the best debt payoff method? Let’s take a closer look at how these two strategies compare.

It’s that time of year when we look back on what we have and haven’t accomplished and decide what to tackle in the second half of the year. Even though we're in extraordinary times, most people will still have getting out of debt and building wealth as top goals.If eliminating some of your debt while simultaneously improving other parts of your financial life are among your goals, this post is for you. It’s time to take back control and kick your debt to the curb.It can sound like paying off large amounts of debt in a short period of time is impossible - but it's not! You can even pay off $10,000 in debt in just one year. Whether you have student loan debt or credit card debt, there are options.Here’s how you can pay off $10,000 in debt in one year.

Can you imagine a life where you didn’t have to work every day? Instead of needing to work you could work because you wanted to or, you could choose not to work because you wanted to. How? By building a passive income that allows you to make $50,000 per year without working!Conventional wisdom tells you that the path you’re supposed to live looks like this:Go to CollegeGet a Good JobGet MarriedTake out a loan for school, your wedding, a car, furniture, a houseWork hard for 30+ years to pay off all the debt you accumulatedMaybe you’ll have enough to retire and then again, maybe notThe truth is that there IS another way to live. You don’t have to go the traditional route. After all, you are the one in control of your life. You can do anything you want.Isn’t that a freeing thought? To know that you’re in the driver’s seat of your own life? For me it is.One thing that has been on my mind a lot, and that I have begun to work toward, is creating passive income so that my limited time isn’t constantly being exchanged for money. And because I’ve always had a fascination with passive income I’ve really been drilling down on it lately and not only learning more, but taking action.I think most people could happily live on $50,000 per year (provided they had no debt) so I thought it would be a good idea for you and I to explore some ways to make $50,000 per year without working.

When your student loans are discharged due to disability, you may be limited in whether you can work or go to school for a period of time. Otherwise, your student loans may be reinstated.This can be an especially difficult issue to navigate if your loans are discharged while you're attending school, or plan to. And it can happen even if you never planned on asking for a disability discharge.Here's what to know about disability discharge, and how to navigate your choices if your loans are automatically forgiven.

The Education Department’s latest court-ordered status update shows some progress on one front of the student loan system — and continued delays on another.In a court filing submitted January 14 (PDF File), the department detailed activity from December 1 through December 31, 2025, offering the clearest picture yet of how repayment and forgiveness systems are functioning after months of disruption tied to litigation and a government shutdown.The report was filed in federal court as part of a lawsuit brought by the American Federation of Teachers, which alleges widespread delays in student loan processing.

As federal student loan collections resume, millions of borrowers who fell behind during the pandemic-era pause are again facing wage garnishment, tax refund seizures, and damaged credit. For borrowers already in default, the path back to good standing matters more than ever.One option stands out for many: student loan rehabilitation, a program that allows borrowers to remove the default from their federal loans (and credit report) after a series of on-time payments. Compared with student loan consolidation, rehabilitation can offer long-term credit benefits, but it also comes with strict rules and timelines that borrowers need to understand before enrolling.

When Congress passed the One Big Beautiful Bill Act, it changed a central feature of how graduate education in the United States is financed. For nearly two decades, federal policy allowed graduate students to borrow up to the full cost of attendance through the Graduate PLUS loan program. That option will end in June 2026.A new report from the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (PDF File) offers one of the clearest pictures yet of what that change could mean for students, families, and lenders.The analysis finds that millions of future graduate students may face a new financing gap — and that private lenders may not be ready or willing to fill it.

Curious how to become a billionaire? It's a question that got me thinking...Earlier this year, I was browsing social media and came across an interesting post. Someone asked a pointed question, which seemed particularly relevant as I was in Las Vegas at the time. “What do you need to do to become a billionaire?”With all of my personal finance and business knowledge, I began to ponder what my top advice would be. I came up with two answers pretty quickly. Here are my thoughts on how to become a billionaire.