Category: money
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How can I save and invest more money?
Author James Clear in his monumental best selling book, and the one book I highly recommend everyone read at least twice has a lot to say about the 1% rule. The 1 Percent Rule states that over time the majority of the rewards in a given field will accumulate to the people, teams, and organizations…
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3 reasons I know your financial situation will never change for the better.
Over the the last six months I have devoted much of my writing to finances, real estate, and the overall economics of life. As I have made that transition, some of the topics I have written about can really get people motivated to push back on some of my positions. I personally love the banter.…
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Why your housing costs should not exceed 25% of your take home pay.
A lot of people need guidelines in life to help them know whether or not they are doing what they are supposed to do. Or put another way, the way that will help them be successful. The 25% rule is one that many of the financial experts use. But where does it actually come from?…
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The fast rising Interest Rates explained.
Unless you are living under a rock, then you know that the current overall economy isn’t doing that well. No matter the spin coming from the White House and its aligned corporate media telling you other wise, here is the truth. Three things are impacting the economy. Well, four if you count the overall incompetence…
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How much money do I need to retire?
Well as you can imagine, the amount of money necessary to retire can vary from person to person. It depends on the lifestyle you want or you have grown accustomed to. The general rule of thumb is the “4% rule,” which suggests that you should plan to withdraw 4% of your retirement savings in the…
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This one monthly payment made me sick every time I paid it.
Have you ever had to pay for something that you didn’t really use, but you were committed to paying for it for a certain amount of time because of a contract or some other reason? Those payments suck don’t they. You wish you could go back tell yourself not to commit to it or purchase…
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5 pieces of BAD financial advice I received over the years.
As I think back on the financial advice I have received throughout my life, I have come to realize that most of it was given to me or adopted by me, from people who didn’t really know that much about it. Look, my parents didn’t intentionally provide me bad financial advice. They just didn’t know…
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In honor of Tax Day, let me tell you how much you actually pay each year in taxes.
Today is Tax Day 2023. As you are scrambling to make sure you file your taxes remember this. It wasn’t until 1913 when the 16th amendment was ratified which gave Congress the legal authority to tax all incomes. Up until that point there were no federal taxes. Up until then it was only done at…
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Where I am currently putting my money.
A treasury bill (T-bill) is a short-term debt security issued by the government of a country to finance its short-term borrowing needs. In the United States, for example, T-bills are issued by the U.S. Department of the Treasury and have a maturity of one year or less. T-bills are considered to be a very safe…