Tag: cash
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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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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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Deal Deep Dive: Is it cheaper to rent or to buy a home?
A question that is debated quite often: Is it better to buy a home/apartment or rent? Financially speaking it is way better to rent a home especially if you don’t plan on living there longer than five years. But if you are looking to start a family or raise a family and are looking to…
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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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The one calculation often overlooked in real estate investing.
We all know that the current real estate market is highly competitive and as a real estate investor it is getting harder and harder to find deals that cash flow. With some of the deals I have done recently my cash flow has been solid, but not like it used to be. So one of…
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Why inflation isn’t going anywhere.
We all know that we are dealing with high inflation. And if you have half a brain cell you also realize that that the governments fake number they produce and I say produce intentionally, because it isn’t rooted in any kind of facts and data to support the number. So what is inflation. In layman’s…
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More bad news for your hard earned money!
I don’t want you to think I am an expert on this subject. However, I do follow it enough that I understand what is going on and what the consequences are if the US Dollar is no longer the worlds reserve currency. Earlier this week Russia and it looks like Saudi Arabia will soon follow.…
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This one thing keeps the middle and low income earners stuck.
In my late teens and twenties I was a car guy. I thought that for me to drive a nice car I would always have a car payment. A nice car, practically meant, that it would be reliable and I wouldn’t have to worry about issues all of the time. However, I know practically it…
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The one calculation that changed my life that I never learned in school
Like most of you I served my twelve years in K-12. Additionally, I spent another two years earning an associate’s degree in electronics and engineering. Then I moved on an achieved a bachelor’s and master’s degree in business. So I have spent a lot of time in the education system. In all of those hours…
Pennies into Fortunes 