Category: Wealth

Morning friends! A blogger friend of mine recently came out with a new book, and it’s centered around one of the things that occupies my brain way more than I care to admit 😉 The purpose of life. And apparently I’m not alone, as this “purpose anxiety” apparently affects 91% of people! Crazy! So odds…

The U.S. Tax Code is over 2,600 pages long, with over 1 million words. While the actual taxes people pay only take up about 2 pages – the rest of it defines “what counts”. The tax breaks…  Whether you have a high income or a low income, your taxation is governed by the same set…

G-Stock Studio / Shutterstock.com Aging in place isn’t just about comfort—it’s a financial strategy that can save retirees thousands of dollars while providing long-term stability. Instead of downsizing or moving into a senior community, many older adults choose to stay in their homes. With the proper planning, this choice can lead to significant cost savings,…

A couple earning $500,000 a year should feel rich, right? That’s top 2% territory in America—plenty of cash to save, invest, and splurge on the finer things in life. Or so you’d think. But when I dive into the financial lives of high-income households, the reality often doesn’t match the perception. Take, for example, this…

– A couple of years ago, Mr. Money Mustache lost some credibility among the faithful when he wrote this blog post about actually trying to spend a bit more money, while buying a Tesla as the first step in that program.  “Look at me!”,  I thought to myself at the time,  “I’m such an enlightened…

This Solo 401K overview has been updated with information for the 2024 & 2025 tax years. This is the second of a multi-part series on retirement accounts for self-employment income. I previously gave an overview of SEP IRAs. In this article, I’ll provide an overview of Solo 401Ks. I have started and contributed to both…

Car Repairs Image Source: 123rf.com The cost of an engine repair can vary widely, depending on what you need done and the type of vehicle you have. It can cost anywhere from $1,200 to $5,000. In some cases, it could even be more. When you find out engine repairs are needed, it can become a…

Image Source: 123rf.com Monday, January 20, 2025, is Martin Luther King Jr. Day. As a federal holiday, many people get the day off of work, giving them some time to spend with their families or handle personal responsibilities. If you’re hoping to table some errands on January 20, you might be wondering, “What’s open and…

Cars Image Source: 123rf.com SUVs have risen in popularity over the years due to a number of reasons. Drivers want more space. They want a versatile vehicle and a higher sense of perceived safety. Ultimately, the SUV checks all the boxes. If you’re in the market for a new vehicle and you are curious about…

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.  As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after…