A tested, fully legitimate strategy for those who don’t usually qualify for a Roth IRA to enjoy its benefits. As much as $150k of value for employing one tax optimization strategy early in your career. After this Tuesday’s post, Four One Percenter Couples Share How They Do Money, I received several emails from...
The Backdoor Roth IRA
Four One Percenter Couples Share How They Manage Their Money
Four married couples in the one percent answer questions about how they manage their money. From investment allocations, to credit cards, to what’s currently in their pockets … here’s a look into their money lives. I always find it interesting to peek into how others manage their money. So today I’m profiling four...
Former Insurance Salesman Explains What Insurance You Should Buy, Consider, and Avoid
A former insurance agent shares his run-down on which insurance products to buy, consider, and skip, and most importantly why. Cheat sheet on different products, with my own comments added. I always like hearing from specialists in an industry. They have the scoop on what gets approved and what doesn’t, where corners are...
Find Out Whether You Win or Lose Under The Proposed Tax Bill
If you’re trying to figure out whether you will benefit or lose under the new tax bill, check out the summary below. We’ve all heard plenty about the tax changes coming our way under the new administration. They are contemplating some of the largest changes to the tax code in decades, which is...
9 Lifestyle Hacks to Feel Like You’re Living In Luxury
Folks weigh in on some of the most inexpensive hacks they use to feel like they’re living a life of luxury. Spend your next $20 in the right place to maximize the cushiness of your lifestyle. As I’ve gotten older, I’ve come to realize that $20 or $50 spent on one item can bring...
Secret Price History Data: A Tool For Making Holiday and Big Ticket Purchases
I talk about one of my favorite free tools to optimize the holiday and big ticket shopping experience. How to find price history for an item to determine whether you’re actually getting a good deal. Data that will help you determine when the best time to buy is, plus price tracking features to alert...
One Chart: How the 1% Actually Earn Their Money
This one chart illustrates how the 1% actually earn their money, and what you should employ to do the same. The nonpartisan Urban-Brookings Tax Policy Center did some research on where income comes from for the 1% vs the entire population. Their definition of “expanded cash income” included things like health care benefits,...
Where To Put Your Next $100K: Investing In Today’s Environment
Some thoughts on where to put your money in today’s environment. Focused on traditional investments (alternative investments featured in weeks to come). I received an interesting question from a reader this week, one which I think is on many minds. Here it is, abbreviated for clarity: Hi JP, I was hoping to...
The Rule of 72: Doubling Your Money, And Investments To Accelerate Your Timeline
A quick way to estimate how long it will take to double your money. Use this to determine what target return you need to achieve to meet your timeline. Plus, options for finding higher returns. One of the biggest factors in determining when you achieve financial independence is the performance of your nest...
35% of US Workers Freelance: What They Make, How They Feel
Correct your misconceptions about the ⅓ of the US population who engage in freelance work. Even six-figure earners find they sometimes can make more freelancing, and enjoy themselves more while doing it. Here’s what they say on the issue, and how it might one day benefit you. In 2016, the number of folks in...