The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Is Your ‘Business’ Just a Hobby?

Just because you make some money off it doesn’t mean your hobby is a business — at least, not according to the IRS. […]

Is Your ‘Business’ Just a Hobby?

Just because you make some money off it doesn’t mean your hobby is a business — at least, not according to the IRS. […]

How to Make Money Online Without Really Trying

They take some upfront effort, but passive income streams generate revenue even while you sleep. Photo: Iain Buchanan The good news: Making money online is no longer a pipe dream. The bad? Who knows where to start? There are countless success stories of people earning passive incomes online, whether it’s from blogging, creating YouTube videos, or through a startup. […]

How to Make Money Online Without Really Trying

They take some upfront effort, but passive income streams generate revenue even while you sleep. Photo: Iain Buchanan The good news: Making money online is no longer a pipe dream. The bad? Who knows where to start? There are countless success stories of people earning passive incomes online, whether it’s from blogging, creating YouTube videos, or through a startup. […]

To Itemize or Not to Itemize? That Is the Question

Got receipts? You’ll need them if you want to itemize your tax deductions. But only do so if you can write off more than the standard deduction, currently $6,200 for singles and $12,400 for married couples filing jointly. […]

To Itemize or Not to Itemize? That Is the Question

Got receipts? You’ll need them if you want to itemize your tax deductions. But only do so if you can write off more than the standard deduction, currently $6,200 for singles and $12,400 for married couples filing jointly. […]

Some Thoughts on the Parable of the Fisherman and the Banker

Over the last week, several people have sent me this story from a bunch of different websites. I’m not sure where it originated, but the first place I saw it was on Financial Mentor. Here’s the parable: The Parable of the Fisherman and the Banker An American investment banker was taking a much-needed vacation in a small coastal Mexican village when a small boat with just one fisherman docked. […]

Some Thoughts on the Parable of the Fisherman and the Banker

Over the last week, several people have sent me this story from a bunch of different websites. I’m not sure where it originated, but the first place I saw it was on Financial Mentor. Here’s the parable: The Parable of the Fisherman and the Banker An American investment banker was taking a much-needed vacation in a small coastal Mexican village when a small boat with just one fisherman docked. […]

Back in Debt? A Strategy to Pay It Off for Good

Find yourself staring back at the same mountain of debt… again? Make a plan to get rid of it for good. Photo: Rick McCharles Debt is one of those things that’s very easy to get into and much more difficult to get out of. […]