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by Kari FaberStaff WriterWho couldn’t use some extra income these days? The thing is, more money almost always means more work. And you’re busy enough as it is. That’s why passive income is so great. But without a rental property or some massive investment, chances to earn passive income are pretty hard to come by.But if you live in New York, it couldn’t be easier. A company called OhmConnect pays

by Rachel Christian, CEPF®Senior WriterReverse mortgages can help older homeowners free up cash in retirement by borrowing against the value of their home.It can help retirees age in place while producing a stream of income for everyday expenses.But reverse mortgages are complex and controversial. Strict rules must be followed to avoid foreclosure, and the costs can outweigh the benefits.If you’re considering a reverse mortgage for yourself or someone you know,

by Kari FaberStaff WriterWhat seemed like a reasonable goal for an emergency fund — three to six months’ worth of expenses — no longer feels that way after Covid wreaked havoc on our economy.Financial expert Suze Orman thinks people with stable jobs should be aiming toward a 12-month emergency fund after seeing millions of people blow through their savings last year. If you thought it sounded ridiculous to save that

by Rachel Christian, CEPF®Senior WriterIf you’re seeking higher interest rates than your traditional bank account can provide — and you don’t need access to your cash for a while — you might want to consider a certificate of deposit (CD).But how does a certificate of deposit work, anyway? Read on. A certificate of deposit is a savings account that holds a fixed amount of money for a certain time, such

by Timothy MooreContributor Coca-Cola has been offering that refreshing fizz on a hot day for more than a century. You’re probably used to sipping on a Coke at dinner, ordering a Coke at the drive thru or, on nights you’re feeling adventurous, mixing it with your favorite brand of rum. But there are a whole lot more uses for Coca-Cola than just plain drinking. If you’ve got a 12-pack or

by Quinten PlummerStaff WriterIf you’re one of the many Americans living paycheck to paycheck or working a side gig to make ends meet, you know just how stressful it can be. You also understand how big of a difference it could make to earn some extra income.That’s why we like an app called Steady. It helps people find ways to boost their income — by an average of $5,500 a