The Federal Reserve Doesn’t Control Mortgage Rates, The Market Does
Why The Federal Reserve Does Not Control Mortgage Rates
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Combatting Inflation Is Straightforward But Not Easy
Much has been said about inflation hurting society. As people’s buying power decreases, life gets more costly. Heck, the Fed seems hell-bent on causing another recession to contain inflation. However, as I look at the historical price changes of some of our most important consumer goods and services, I can’t help but think combatting inflation
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2023 Tax Brackets: The Best Income To Live A Great Life
Taxes are most likely our largest ongoing liability. Therefore, we should understand the latest tax brackets for 2023. I go through this exercise every year to guide how I will spend my time, my most valuable asset. Based on a thorough understanding of the 2023 tax brackets, we can then logically come up with the
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Why You Won’t Regret Buying Treasury Bonds Yielding 5%+
In 2023, I couldn’t help but shovel more money into Treasury bonds. With 3-month-to-2-year Treasury bonds yielding 5%+, I felt like the guaranteed return was too high to pass up with about half of my new free cash flow. But the more Treasury bonds I bought, the more I wondered whether I would regret the
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Only The Rich (Or Fools) Can Afford To Buy New Cars Today
As someone who wants to buy a new car this year, given my car is 10 years old and causing problems, I’m having second thoughts. With the average new car price at ~$50,000, it seems like only the rich or fools can buy new cars today! Think about it. If you follow my 1/10th rule
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How Landlords Can Create Teachable Moments For Their Kids
I have a love-hate relationship with owning real estate because something always comes up. The more physical rental properties you own, the more problems you will have as a landlord. In June 2022, I decided to rent out a fully remodeled single-family home I had purchased in 2019 to a second family. We had originally
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How One Man Negotiated A $40 Million Mass Severance Package
Although it’s a bummer to hear about more layoffs as the economy slows, I also feel a lot of hope and excitement for those who have lost their jobs for two reasons. First, there is the benefit of getting a severance package. Imagine getting a severance package worth six months of salary and then finding
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Short-Term And Long-Term Capital Gains Tax Rates By Income
Do you need more incentive to generate passive income in order to give yourself more freedom? Then look no further than the below two charts. They show the 2024 and 2025 capital gains tax rates by income for both short-term and long-term. The capital gains tax rates for 2026 are the same, just that the
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The Difference Between Active Income And Passive Income
After writing about building passive income since 2009, people still seem to be confused about the difference between active income and passive income! Let me finally put this confusion to rest because I don’t want people to get tricked into thinking earning passive income is easy. It is not! In order to generate passive income,
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The Amount Of Money Needed To Retire Early And Live In Poverty
As more people look to retire early, more people are looking for shortcuts in order to reach early retirement quicker. Some hate their jobs so much they are willing to retire early and live in poverty! Instead of retiring early to live in poverty or near poverty, wouldn’t it be better to find a different
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