Resources and Tips for a Profitable Christmas Tree Farm

If you have space on your property and want to make money, growing Christmas trees is worth considering. Here’s how to start a profitable Christmas tree farm.

The post Resources and Tips for a Profitable Christmas Tree Farm appeared first on Part-Time Money.

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TikTok Personal Finance Trends Debunked

If you spend any time on TikTok, you’ve probably seen financial advice in many forms from investing to savings hacks. While some of the advice is good, some of it is bad and most of it is surprisingly entertaining. We’ll help you figure out which is which, so you can ensure your money is in the right places. Shouldn’t use: Investing advice A 2020 study from startup Paxful found that 64% of the misleading personal finance videos posted on TikTok mentioned investing in an individual company, like Tesla, Amazon or Alphabet. Many TikTokers also advocate for day trading, which means buying and selling stocks that day. While it’s possible to make money by stock picking and day trading, it’s much easier to lose money. If you manage to sell stocks for a profit, you have to set aside a portion for capital gains taxes . These are often excluded from the conversation. This can result in a surprise tax bill for investors. Many TikTok influencers also tout various cryptocurrencies as a...

Best Crypto Sign-Up Bonuses and Promotions

Many cryptocurrency exchanges offer sign-up bonuses to draw potential customers. You can receive free Bitcoin or funds you can use to purchase your preferred altcoin, depending on the offer. The terms and conditions vary, from the bonus amounts to the qualifying criteria. Most exchanges will pay you a few dollars for completing your first trade. However, the more valuable promotions may allow you to receive up to $500 or more, in line with many stock brokerage bonuses . Here is a list of the sign-up bonuses covered in this article: Binance.US : $10 Coinbase: $5 Crypto.com : $50 eToro: $10 Gemini: $10 KuCoin: Up to $500 Phemex: Up to $6,500 Plynk: Up to $100 SoFi : Up to $100 Tastytrade : Up to $2,000 TradeStation : $150 Table of Contents Best Crypto Sign-Up Bonus Offers Binance.US Coinbase Crypto.com eToro Gemini KuCoin Phemex Plynk SoFi Tastytrade TradeStation FAQs What Is the Best Crypto Sign-Up Bonus? Best Crypto Sign-Up Bon...

Pick: Instant $1 Million or 50% Chance at $50 Million? Personal Finance Isn’t Always About Math

Recently, I saw this (loaded) question on Twitter: The implication was clear – you should do the math on expected value: Red button is 100% chance at $1 million = $1 million Green button is 50% at $50 million = $25 million But what you pick depends on a variety of factors beyond the math. Table of Contents Note the Inherent Bias of Any Choice What Is Your Financial Situation? What Are These “Mo’ Problems” Consider Regret Minimization Remember This is Imaginary! Note the Inherent Bias of Any Choice Before we get into the choice itself – just note all the bias in this question. It starts with the term “mathematics” – to tell you that you should do the math and then pick the one with the higher expected value. Then you see how the buttons are red (stop!) and green (go!). Then there’s the reality that $1 million can change your life and if you immediately gravitate towards the “inferior” answer (mathematically) – maybe you’re a moron because you can’t do math. Or you’...

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