Welcome back to Young, Dumb, and Not Broke where it is our goal to simplify your finances, help you to build a sustainable income, and show you how to become financially independent. In today’s article, we’ll be demystifying the best 7 passive income ideas for 21-25 year olds. These tips could apply to you at…
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Building, maintaining, and then re-investing in passive income streams has always been something that has interested me. I mean who doesn’t want to get paid while they sleep? Now, if you have read or watched any of my past content on passive income you know I say that half-way jokingly. Passive income will pay you…
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When you are 18 years old the world is an open book. You think you know it all but there is so much to learn and you’ll soon find out, sometimes the hard way. I was a punk at 18 and made some awful choices. Luckily those choices weren’t too damaging and I turned out…
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Investing in real estate, especially a multifamily unit or duplex, is a huge deal. It’s a decision with hundreds of thousand of dollars on the line and many unforseen risks. It’s a decision that should take time and careful evaluation. In an ideal world, you will have a mentor that has already been through the…
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You’ve decided you want to buy a new property. You’re taking the leap but before you can find that dream home, you need to get pre-approved for a mortgage from your bank. All too often I see people skip this first step and jump straight into house hunting on Zillow or Trulia. Or even worse,…
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Investing in real estate is a fun and exciting adventure but it also takes a little bit of know-how and some math. Don’t worry though, I’m not talking about complicated calculus equations or anything like that. What I want to do is take you through three formulas that can lead you in the right direction…
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Big news over here! We’re buying a duplex both to live in and as an investment property. As of writing this article, we actually have found a duplex and gone through the process of getting our offer accepted by the seller. We haven’t closed, but inspections are scheduled and things are moving in the right…
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I used to think making money online was just magical internet money but that was until I made $650 from a single YouTube video. I’ve been watching YouTube for as long as I can remember. It’s an amazing platform with a ton of great, free information but I never imagined you could make a full-time…
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50 YouTube videos. That’s right, I have successfully published fifty YouTube videos on the Young, Dumb, and NOT Broke?! YouTube channel and I feel great. YouTube is an amazing, confusing, and sophisticated tool that allows creators, side hustlers, and entrepreneurs to post content for free. Let’s just reflect on that for a minute. YouTube, the…
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It’s time for a tough question; are you actually poor or are you just broke? All too often, I see people complain about how poor they are. They blame the system or their circumstances. It’s a victim mentality and one that will leave you broke your whole life. It reminds me of this gif (to…
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