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Welcome to the MHGcode’s Tools and Resources section

We are living in an amazing era! Our digital world is filled with new opportunities every single day. You can build any kind of business you envision online or offline. We’re here to help you master the skills you need to succeed in your entrepreneurial journey. Below is a curated list of the tools, tips and links.

This page may contain affiliate links. Please read my disclosure for more info here . Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Related blog posts and resources:

80 Passive income and Side Hustle Ideas you can try today

24 Easy Ways To Make Money On Fiverr

40 Ideas for a Lucrative Side Hustle

16 Tips to Make Credit Cards Work for You, Not Against You

15 Important Criteria for Choosing the Best Place to Live in Retirement

10 Steps to Take if You Start Retirement Without any Savings

Personal Finance Blogs

Understanding How Your Credit History Works

 

MHGcode provides actionable solutions to help entrepreneurs and business owners excel in all ventures they take on.

Here is a list of more than 80 passive income and side hustles you can try. 

 All you need is some upfront monetary investment or some upfront time investment. Sometimes it’s both.  It’s by no means an exhaustive list. Please let us know if you have tried any of these and what was you experience!

It is Ok to start small. You can do it!

You will learn how to start a blog!  You can do what I am doing right now. MHGcode is blog. 

You will learn how to earn Affiliate Commissions.   Once your site is built and promoted, you can earn these commissions whether or not I was actively sitting at the computer.

You will learn you how to write a book (amazon link) once, put it up for sale on Amazon, promote it and collect royalties for years whenever it sells.

It is Ok to go big!

You will become accustomed to tradable financial assets in USA like Stocks, banknotes, bonds debentures, forwards, futures, options, swaps, mutual funds and ETFs.  The markets like NYSE, NASDAQ and AMEX. The benchmark indices like S&P 500, Dow Jones Industrial Average, and Nasdaq Composite.

 

The retirement systems like Social Security, defined contribution plans (401(k), 403(b) or 457), traditional pension plans (defined benefit), and individual retirement accounts (IRA and Roth IRA).  The Wall Street lingo. What’s a bull market? What’s a bear market? Business formations types Sole Proprietorship, Partnership, Corporation, S Corporations, and Limited Liability Company (LLC).

Quick TIP

What’s a credit score?

 

A FICO Score is a three-digit number based on the information in your credit reports. Nearly all lenders in the US, use a FICO® Score to make their credit decisions.  It’s a quick measuring stick of how financially responsible you are. This of the three digits as a summary of your credit report. Your credit scores could affect your borrowing costs when you purchase a new car or home.  It determines for instance your ability to get a mortgage and the interest rate you’ll pay.

Quick TIP

The best way to save for retirement in your working years is through a 401(k) or IRA.

401(k) is the name of an account U.S. workers can use to save for retirement through their employer. The name 401(k) comes from the section of the U.S. tax code that it was derived from in the 1980s. Employers may offer to match employees’ contributions up to a certain percentage. That’s essentially free money. The legal maximum amount you can save in your 401(k) changes every year.  You can leave your 401(k) with your employer’s plan administrator or you can roll it over into a new employer’s 401k plan or an IRA. There are withdrawal rules to follow. Generally you need reach age 59 ½ to  start taking money out of your 401(k)  otherwise you face an 10 percent early withdrawal penalty and income taxes on the amount withdrawn.

You will need to start early.  401(k) is a marathon, not a sprint. Don’t put all your eggs in one basket. Start by spreading your money across several funds. They call it a diversified portfolio.

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We would love to hear from you.

MHGcode was designed to be a hub for dreamers, grinders, hustlers, emerging entrepreneurs, business owners, founders, influencers and experts.  It is a place for small business owners to learn from each other. Through our network of professional editors, Authors and contributors, we publish new content constantly. Our core focus is practical content with targeted tips, trends and answers to your toughest questions. We also aim to occasionally spotlight small businesses and startups.

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