Archives for June 2021

Fast Start Side Hustle Review. Is it Really a Huge Scam?

I’m going to try and make this review of Fast Start Side Hustle as polite as possible and this is because what I quickly discovered looking into it made me hairs stand. Is it is a scam?

Well you can decide that for yourself after I explain what it’s about and no, this is not some bait and switch clickbait. I really do not recommend this program at all.

Quick report on Fast Start Side Hustle:

Name: Fast Start Side Hustle.is fast start side hustle a scam

Creator: Adam Holland.

Price: $0 to get the free eBook but then over $3,000 to get started with the opportunity.

You can also choose from one of several price plans (4) other than the $3,000, one of which costs over $20,000 to start.

I will let you know the risks of those investments shortly.

Final rating: 0 out of 10 stars

Recommended? No.

Yes it is possible to make a lot of money quickly, but the main problems are:

  1. That it’s extremely expensive to start.
  2. Likely a very low chance of success and no guarantees.
  3. Through Fast Start Hustle, you are joining a high ticket program and that program has the least transparent information I’ve ever seen in my life (no creator, no official name, no address, and no basic obvious info a company should have if it’s really legitimate).

And honestly, I am trying to figure out how in the world this opportunity is not a pyramid scheme because when you analyze it objectively, it looks a lot like one. I’d be happy if I was wrong about this, but I don’t think I am.

Alternatives:

fast start side hustle alternative wa image

Fast Start Side Hustle explained (full review):

Fast Start Hustle and Adam, it’s creator are promoting a very expensive high ticket program to you (that’s what you’re really buying). Every sale Adam makes from me, you and anyone else who joins, he gets 50% of it.

But what do you get? Well you get to promote it too, and 50% off everyone who joins through you as well.

So if you buy into this program for $3,000 and get 10 people to join, you’d make $1,500 off each person, or in this case, over $10,000.

There’s only a couple of problems though:

1) The minimal cost to begin with this program is over $3,000.

2) To make money, you’ll need to find leads, and send them there. If you can’t do it yourself, you will have the option (from my research) to spend extra money on this program to do it for you. And that sounds nice and automated, but there’s many ways this is a bad idea if you understand marketing and the risks of buying leads in the first place.

3) For such a major opportunity to make so much money quickly, you can’t find a single clue online or through Fast Start Side Hustle about what this program actually is.

If you want to blindly spend money on an opportunity that isn’t exactly being upfront with you, then you are braver than I am, but I wouldn’t even spend $10 on such an opportunity.

4) Your odds of success in online business are usually very low (1%) and that’s considering you get involved with legitimate opportunities. But when you’re getting involved with something like this, with so many unanswered questions, those odds in my opinion get even lower.

How I found out about Fast Start Side Hustle:

1) I actively scout websites and blogs that review make money online opportunities.

One of them happens to be ScamXposer which I have mixed feelings on. But that site is how I found out about Fast Start Side Hustle.

Anyway, upon looking at the review from ScamXposer (which also isn’t good), I clicked through to the Fast Start Side Hustle website itself to make my own decision.

This took me to a page where Adam promotes an eBook and to get it, you need to enter your email, name and phone number for a special bonus. Since this is common, I opted in.

This then took me to another video by Adam pitching the opportunity and a button that said there’s 20k in value for it and this is where my guard went up.

2) I’ve seen this before, so I was preparing myself for what would come next (and I was sadly right):

What this took me to was a long landing page pitching the same opportunity I’ve seen many times already, but being promoted by other people like Adam, who made their own free eBooks like Fast Start Hustle.

All of these people are affiliates for what I consider to be one of the most mysterious and risky companies I’ve ever laid eyes on. If you don’t believe me, here’s a link to other similar promotions like Fast Start Side Hustle which are doing the same thing:

3) Getting involved with such an opportunity comes with massive risks.

Put all the grandeur of making money quickly aside folks and be objective here folks. On the front end, you are seeing the opportunity yes, but on the back end, you are actually seeing:

Large sums of investment, no information on the program (it’s not Fast Start Side Hustle you’re joining, remember that), and then re promoting it, giving suspicions to pyramid scheme talks is one of the many major risks I see with this system.

fast start side hustle prices to join screenshot

Final Rating: Fast Start Side Hustle

0 stars

Red Flag

0 out of 10 stars. I don’t even think Adam is a bad dude, but that doesn’t change that this opportunity he’s promoting, like swiss cheese has some serious questions about it, whether it’s a scam, a pyramid scheme, both or not.

My final thoughts on Fast Start Side Hustle:

fast start side hustle another good alternative

There’s only 2 theoretical positives about this:

1) The first is you may be able to make money if you can actually get leads to sign up once you pay the money to join the program.

2) I do believe when you buy this program, you do get stuff and it’s not like they’ll take your money and run. The simple reason for this is that there’s multiple people promoting this program so I do believe it’s real.

But when you weigh these 2 things together against the cons, unfortunately the easily overtake the 2 pros and if you’re comfortable spending a lot of money on something like this, then what can I say, it’s your right.

The post Fast Start Side Hustle Review. Is it Really a Huge Scam? first appeared on How to Make Honest Money Online.

Dear Employers, It’s Time We Recognize Parenting as Work

Daughter with Busy Mom

It really is a win-win. Here’s why.

An author mom nails how acknowledging motherhood for what it is helps us all. Seriously.

Can You Work and Collect Social Security? Yes, with Limits

As simple words go, “retirement’’ carries a lot of weight and a lot of baggage.

Now that retirement is bouncing around in your mind, and you entertain the thought of giving up your day job, you ask yourself:

  • Is my retirement income and Social Security going to be enough for my preferred lifestyle?
  • What am I going to do with myself every day?

One answer responds to both questions. You can “retire,’’ collect Social Security, still work and be productive. The trick is there’s a limit to how much you can make depending on your age.

If you are at what Social Security deems full retirement age, you can collect and keep your full Social Security benefits and make as much money as you want.

If you are not yet at full retirement age but are receiving Social Security benefits, you can make up to $18,960 a year without penalty. That’s $1,580 a month, or $364 a week. We get into more details later in this post of what happens when you go over that amount.

How You Can Work and Collect Social Security

So let’s dive into the particulars that allow you to work while you are retired and collecting Social Security. And then let’s consider some types of work you can do in retirement to bring in some extra income.

The Meaning of Retirement

There is no such thing as “officially retired.” There is no legal definition, nor is there a legal designation.

You just decide one day you don’t want to work at the job or in the field to which you dedicated the first 30 or 40 years of your professional life. Often this coincides with your 65th birthday because that’s when you qualify for Medicare.

However, you can start taking Social Security benefits before 65, beginning at 62.

Full Retirement Age

The Social Security Administration website is clear and precise about making money while accepting benefits, but here is what you need to know:

Your full retirement age: If you were born Jan. 2, 1959 through Jan. 1, 1960, your full retirement age for retirement insurance benefits is 66 years and 10 months.

Every year earlier reduces the full retirement age by two months. Born in 1958, 66 years and 8 months. Born in 1957, 66 years and 6 months, and so on.

If you were born after the 1959 date, your full retirement age is 67 years old. If you were born 1943 to 1952, your full retirement age is 66.

The government has changed the full retirement age stipulations because people are living longer.

THIS IS IMPORTANT!: If you have reached your full retirement age and you work, you may keep all of your Social Security benefits no matter how much you earn. 

Salary Restrictions

If you are not yet at full retirement age but are receiving Social Security benefits, you can make up to $18,960 a year without penalty. That’s $1,580 a month, or $364 a week.

If you make more than that, your benefits are reduced by $1 for every $2 you make over the $18,960.

But get this: once you reach full retirement age, the money that was subtracted from your Social Security benefits previously are refunded to you. You never really lose those funds, they are just held from you until you reach that magic age.

There are special rules depending on whether you receive a salary or are self-employed when you are working, but they differ based on when they are counted (when you earn the money versus when you get paid). The Social Security Administration website can address those particular items for you.

Suggestions for Work Even Before You Reach Full Retirement Age

Here are some suggestions of part-time jobs that can bring in some extra money. They may be more about what you want to do than what you have been doing. Check out these 13 ways to make money you might not have thought about. And more:

A senior citizen woman does book keeping from home.

1. Indoor work

According to the AARP, bookkeeping is the most popular part-time position for workers of a certain age. This makes some sense: it is not physical, requires patience, and is likely not a popular job among younger people.

And if you’re so inclined to start your own virtual bookkeeping business you could make up to $69 a hour.

2. Health Care

Perhaps knowing that you may someday require healthcare assistance, it becomes attractive to offer help to those already in need. Older people are encouraged to apply for jobs as assistants to nursing homes and hospitals.

Certainly, certifications will make you more attractive as an employee, but there are jobs specifically for those people who want to help but did not originally work in healthcare and don’t have licenses or certificates.

There may also be opportunity in a less structured way. If you have a friend, or a friend who has a friend, with an older family member or neighbor that needs assistance during the day, let them know you are looking for work. You can offer your services to dive them to medical appointments, make lunch or simply provide a few hours of companionship.

Pro Tip

The Penny Hoarder’s Work-From-Home Jobs Portal makes the remote-job hunt easy. Our journalists scour the web for the best gigs, vet the companies and aggregate the latest listings in one place.

3. Work with Children

Safety and care are uppermost in the minds of school administrations, and they offer several positions for older people interested in part-time work.

While “crossing guard’’ may be the first thing that comes to mind, schools, colleges and universities need staff that can provide some level of security for special events, and older people who may have grandchildren of their own have built-in radar for the well-being of children.

A senior citizen poses for a portrait with an axe and tree behind him.

4. Outdoor Work

Your city or county leisure services or parks department may have work for you. If there’s a forestry department in your area, contact them.

From cleaning parks to walking through wooded areas looking for environmental concerns (downed trees, unexpected flooding, etc.), being paid to take a walk in nature is not a bad way to spend a day.

5. Helping Other Seniors

Many communities have Senior Centers that provide activities and services. Yes, there are people at Senior Centers playing bridge, canasta and chess.

But Senior Centers are also one of the first places employers turn when looking for people to fill paid positions that require attendance and attention. Consider your local Senior Center as a resource for finding a position that suits your interests.

Kent McDill is a veteran journalist who has specialized in personal finance topics since 2013. He is a contributor to The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Dear Penny: My Daughter Guilts Me for Not Co-Signing on $800K Home

Dear Penny,

My 25-year-old daughter moved back home while I was taking care of my mom, who has Alzheimer’s. Because I wasn’t staying there, she never paid rent, but she did pay for internet and gas. 

Well, now things are progressing, and I will be selling my mom’s home. I am currently having a room built at my home, since she will be staying there as well. 

I have always helped out my kids as a single mom. But my daughter listens to her paternal grandmother, who sadly told her to have me co-sign on a mortgage for her even though she just started working and wants an $800,000 house. I told her NO.

I then said her grandmother knows that this is an unrealistic request. I’m about to retire in three years, if not sooner, and still have my own very manageable mortgage. I’ll have a pension and Social Security with only a leased car to pay for. 

Now they are thinking of asking me again in a year or so to co-sign. Am I wrong to tell her no? I’m also thinking about selling the house and moving with my mom back East where she grew up to be closer to her aging brothers and sister. 

Now my daughter is upset and says she won’t have anywhere to go if I don’t help her get a mortgage. Am I wrong to focus more on me and my mother at this time in our lives?

I’ve done all I can for my daughter, but I don’t like the guilt trip she and her dad’s mom are trying to put on me. I know she can’t afford an apartment by herself in California, but that’s not my fault either.

-Frustrated Mom

Dear Frustrated,

Your daughter isn’t the only person struggling with the cost of housing these days. No one knows what the solution is. But I’m pretty sure it’s not for moms to swoop in and co-sign so that their grown children can buy overpriced homes.

If you think you’re frustrated now, imagine how you’ll feel when you’re on the hook for an $800,000 mortgage. I say “when,” rather than “if,” because of the high likelihood that your daughter can’t afford payments on a loan of this size. Not many 25-year-olds can afford that much house on an entry-level salary.

I’m not sure what the deal is with your daughter and her grandmother. Maybe Grandma wants to set you up as the bad guy. But it’s also possible that Grandma doesn’t understand how serious the consequences can be when co-signing goes awry.

It really doesn’t matter what your daughter’s grandmother thinks. It’s your money and your credit on the line. Of course, that won’t stop her from having an opinion about how you use your money and credit. But you really shouldn’t spend any of your energy worrying about whatever nonsense she’s telling your daughter.

In case you need affirmation of your decision, here’s why you’re making the right call by saying no: Obviously, a liability of this amount could jeopardize your retirement. But even if your daughter makes the payments as promised, co-signing her mortgage could make it harder for you to borrow money. Lenders consider your debt-to-income ratio in their decisions, and this mortgage would count as if it were your own because you’re legally on the hook for it.

But this isn’t just about your retirement. You’d be doing your daughter a big disservice by co-signing on a home she can’t afford. We build grit by not getting whatever we want whenever we want it. Plus, learning to live on less is far easier at 25 than it will be at 35 or 45.

I’ll give you permission to have this discussion one more time to make sure everything’s crystal clear. Most importantly, be sure you’ve told your daughter that your answer will still be an all-caps “NO” one year from now. Tell her this is the last time you’re having this discussion.

If she brings it up again, tell her, “I’m not going to discuss this with you.” Repeat again as necessary, even if that means you have to walk out of the room.

As for what to do about your living situation, make your decision based on what’s right for you and your mother. Your daughter has plenty of options for finding a place to live. If she’s still living with you, she can start saving part of her paycheck while she’s not paying rent. She could also get roommates, take on a side hustle, or move to a less-expensive state.

Your mother’s care and your own impending retirement should be your focus right now. Your daughter doesn’t need an $800,000 house.  What she needs is to learn how to act like an adult. She’ll get there faster if you focus less on her needs right now, not more.

Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder. Send your tricky money questions to AskPenny@thepennyhoarder.com.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

KPMG’s Sponsorship Program Propels Women of Color to Success Through Meaningful Connections and Opportunities

We sat down with Senior Audit Manager Somer Washington of the 2021 Best Company for Multicultural Women to discuss how women of color are encouraged to succeed.

The KPMG leader discusses how women of color are encouraged and supported to succeed at the company.
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