You’ve likely heard of the phrase you only live once (YOLO), but have you heard of the term “YOLO Economy”? The so-called “YOLO Economy,” coined by the New York Times (2021), is a phenomenon in which millennials are reimagining their professional lives — some abandoning stable 6-figure jobs to start a new business, others turning a side hustle into a full-time gig or simply taking a break from the urban rat race altogether — and there is absolutely nothing wrong with that. After all, you do only live once.

However, while the financial consequences of this professional reimagining may be insignificant in the short term (due to fattened stay-at-home savings), the absence of a stable monthly paycheck may increase the financial consequences over the longer term. For those millennials who have abandoned their day jobs in pursuit of creative ways to reach the same goals through entrepreneurship with an au revoir to the corporate career treadmill, here are 3 realistic ways to save more money in 2022.

Do you have a great idea that you’re sitting on, something completely new and unique? If so, royalty income may be an additional source of income for you.

Do you have someone in your life who seems to have complete financial independence, and wondered how they got there? It’s very common for financially successful people to own a property, or even a few and rent out for extra income. While owning a property can be very lucrative, there are a fair share of downsides associated with it, such as high upfront costs, property taxes, and volatile markets. In this guide, we shed light on one of the best kept real estate investment secrets—an alternative to owning a property and renting it out that still lets you reap the benefits of rental income.

Your financial situation and objectives are unique, and so your investment portfolio should be too. This article explains what a personalized investment portfolio is and how one can be created for you.

Have you ever come across someone who seems to have complete financial freedom, and wonder how they got there—what their secrets are? You may feel that sense of total independence simply isn’t in the cards, but ask yourself—why can’t that be you? This article takes you through seven unique streams of income that are at your disposal. Read more to be well on your way to financial prosperity!