You know renting is the same as throwing money away, right? 30 years from now you’ll look back and regret not purchasing a home sooner. Why haven’t you bought a house yet??? My mortgage payment is less than your monthly rent! You could own a home for what you’re paying. […]
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Budgeting and Saving
Investing For Early Retirement – Historical Performance
We’ve been doing a lot of traveling this month so we haven’t had the usual amount of time to put together a detailed post. However, it’s important to us that we are consistent in releasing new content, so we thought this week would be the perfect opportunity to share a […]
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Put Your Money To Work With The Power Of Dividends
In a previous article, I mentioned that I view my investment portfolio as my own personal financial firm. Each share of stock I hold is one of my employees within this firm. Once I’ve hired them (i.e. bought a share) they never tire, will never quit, don’t require a salary, and work […]
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Save Energy. Save The Planet. Save Money.
When you need light in a dark room, the solution is usually to flip the light switch. It’s something we do—probably multiple times—every day. But have you ever considered where the electricity to power that light comes from? Sure, you get a monthly bill from your power company, and as […]
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Retire Early And Pay Zero Income Taxes…Forever
Although your taxes may be lower than you think there’s a good chance you still spend a significant portion of your income on taxes each year. Generally speaking, if you get a paycheck, a portion of it will be going to the government in the form of taxes. In fact, the government […]
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Instantly Increase Your Investment Returns With Tax-Loss Harvesting
What if I told you there was a way to instantly increase your investment returns with just a few minutes of work per year? What if I also told you that, not only is this method still useful during periods of market decline, it actually becomes more effective when the […]
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Penalty Free Early Access To Your Retirement Funds
As long-time readers probably know, 401(k)s are, by far, my favorite investment accounts. When it comes to allocating your investment funds, I believe dedicating money to a 401(k) with employer match should take priority over all other options. Most of the people in my life know about my affinity towards 401(k)s (I […]
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Best Strategy To Erase Debt, For Good
Debt. It gives us spending flexibility by providing the resources to purchase big-ticket items we’d otherwise be unable to afford. It allows us to delay payment on purchases and to spread the total amount owed into smaller sums, paid overtime. The process for accessing debt can be as easy as […]
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Why Saving Money In The Bank Will Leave You Broke (Part 2)
In Part 1, we discussed the role inflation plays in the deterioration of wealth over time. As we demonstrated, when money is not growing at a faster rate than that of inflation, its purchasing power will be continually diminished. Because bank accounts yield growth rates much lower than inflation, leaving […]
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Pre-Tax Investments (Not Roth) Are The Best Choice For Building Wealth
(Though it’s not required, it may be helpful to read my previous post about progressive taxes, before diving into this post.) The classic pre-tax (e.g. Traditional IRAs and 401(k)s) vs. Roth comparison usually goes something like this… AssumptionsInitial Investment = $10,000Tax Rate = 25%Total Investment Return = 900% (i.e. 10x) […]
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