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Frank Cotolo
July 21, 2022 |
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No one knows how to save money like Penny Pincher. People everywhere ask her for help and she
answers them:
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Q: What is passive income? - Hailey
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P: It's money invested to earn you money while you do other things to make money. Like if you
give me, Penny Pincher, a couple thousand dollars, I will invest it in my company and you might
earn dividends. The dividends, if you earn any, are considered passive income.
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Q: What is a good way to cut expenses? - Riley
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A: Cancel your car insurance. The chances of you needing it are remote if you do the math. I know
it's illegal in most states but if you take the risk you will save hundreds a month. Then you can
invest the hundreds in another business, like mine.
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Q: I want to buy gold but someone said buying silver is better. What do you think? - Gracie
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A: I'm sticking with bronze, myself. I have some extra in the garage if you would like to buy
some and hold on to it. The price might rise and you can sell it for a profit.
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Q: Food is becoming more expensive every day and I have a family of six to feed. How can I
economize on my food budget? - Sally
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A: Think about how much food you could buy if there were six incomes, one per family member?
No problem with the grub budget with that kind of money coming in.
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