Category: Wealth

Joseph Sohm / Shutterstock.com Trump’s administration has signaled shifts in credit and debt relief policies that could impact millions of borrowers. While deregulation efforts may expand financial access, they could also reduce consumer protections, making it harder for struggling borrowers to find relief. These policies could reshape how Americans manage credit, loans, and debt relief,…

Did you know that a whole life insurance policy can actually help you make money? It’s true—and it’s a strategy sometimes used by those with higher incomes and net worths. For those seeking life insurance coverage, a term life insurance policy is typically the more affordable and simpler choice. Both Sam and I opted for…

This SEP IRA overview has been updated with information for the 2024 & 2025 tax years. Having become fully self-employed in recent years, I thought it would be a good time to revisit and update my research on the primary retirement accounts that those with self-employment and 1099 income can take advantage of: SEP IRAs,…

Family or Marriage Image Source: 123rf.com I’m glad I’m out of the dating game because modern-day courting is tough. Around 25 to 33% of adults in the United States have reported that they’ve been ghosted. Ghosting someone means you abruptly cut off communication with someone you’ve been dating or talking to for no given reason.…

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…