Driving an old beater car can make you a lot of money. As a car fanatic who has owned beater cars and luxury cars, let me explain. After writing, Never Buy A New Car In Its First Year Of Redesign, a reader commented that he netted about $17,500 in reimbursements from driving his 2002 economy car roughly 35,000 […]
Your Old Car Can Make You A Lot Of Money In Tax Savings Or Reimbursements! Read More »
After writing my post on life insurance needs when having a baby, a reader mentioned he was disappointed I didn’t mention Social Security survivor benefits. What’s funny is that I never think about Social Security when planning for my financial future. We all know Social Security is underfunded and the government will likely raise the minimum
Social Security Survivor Benefits: Life Insurance For All (Taxpayers) Read More »
This post will provide a detailed look into property taxes by state. The differences in property taxes by state from the highest (Illinois at 2.32%) to the lowest (Hawaii 0.28%) is astounding. Although, these are average property tax rates by state because many counties have slightly different property tax rates within a state. Therefore, just
Property Taxes By State – From Highest To Lowest Read More »
If you plan to invest in real estate, there’s a key real estate investing rule you should follow. It’s called Buy Utility, Rent Luxury or BURL for short. Using the BURL method, you increase your chances of making a higher return on your real estate investment while also maximizing your capital for a better lifestyle.
The Real Estate Investing Rule To Follow: Buy Utility, Rent Luxury Read More »
At the beginning of 2020, I was excited to start applying for jobs after my six-month paternity leave was over in June. After eight years of unemployment, I had done everything I wanted to do. Now with two kids, rising living expenses, and the possibility of a downturn, finding work would be the responsible thing
Staying Unemployed: Why I’m Giving Up On Going Back To Work Read More »
There’s a lot of debate on whether it’s better to rent or own. If you are a renter, I’m sorry to say the return on rent is always negative 100%. You get a place to stay for your rent, which is great. But there is no potential financial return on rent as opposed to owning.
The Return On Rent Is Always Negative 100%: How To Live For Free Read More »
It’s normal to rage against the top 1% nowadays. The pandemic created a widening wealth chasm between the top 1% income earners and everyone else. If you happen to be doing well, I highly suggest you keep things under wraps. By definition, 99% of people do not make a top 1% income. Therefore, there can
Who Are The Top 1% Income Earners? Read More »
I’ve been a fan of real estate for most of my adult life. Over the years I’ve learned some important real estate investment mistakes every investor should avoid that I share below. I follow my local real estate market like a hawk and regularly go to open houses to monitor comps and search for new
Real Estate Investment Mistakes To Avoid Read More »
I’m often asked why get life insurance if you’re financially independent. It’s a good question that merits a deep dive. I became financially independent in 2012 and have life insurance because I had children in 2017 and 2019. Many of you will face the same dilemma once your passive income can cover all your living
Why Get Life Insurance If You’re Financially Independent Read More »
Micromanagers are the worst! Dealing with micromanagers is one of the main reasons why I decided to fake retire from the finance industry in 2012. I couldn’t take this one boss in NYC always calling in to check up on me even though I was ranking well with my clients. There’s probably nothing more annoying
How To Deal With A Micromanager Without Killing Yourself First Read More »
