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11 Strategies to Earn More, According to Self-made Millionaires

One of the biggest strategies of self-made millionaires is to earn more money. Investing, developing multiple income streams and setting goals are some of the priorities of self-made millionaires.

Via Business Insider

Few Financial Advisors Have Thought About Succession Plans

Only 30% of financial advisors have succession plans and many of those plans are of dubious quality. According to an evaluation of the 803 financial advisors, slightly more than half were concerned about succession and the business models of financial advisor can determine succession possibilities.

Via Forbes

The Real Reason the Gig Economy Is Suddenly Booming

The freelance economy is thriving like never before, and a new survey finds it’s an unintended consequence of the Affordable Care Act. Companies say the cost of complying with the Affordable Care Act is pushing them to rely more heavily on freelance workers, and freelancers are working harder, too.

Via Time

Prince Needed a Will, but Maybe You Don’t

The fact that Singer Prince died without a basic will to govern what would happen to his estate that’s potentially worth hundreds of millions of dollars was poor financial planning, but some advisers say many Americans may not even need a will and while they may benefit from one, may opt not to draw one up for legitimate reasons.

Via New York Times

Retirement Planning for the ‘Gig’ Economy 

As the “gig” economy grows, individual self-employed workers looking to amass significant sums for retirement need to take a look at additional options for retirement savings such as an IRA or Defined Benefit plan.

Via Morningstar