Every year, as a small business owner, I like to ask my tax accountant: What’s the least amount I can pay myself in salary and bonus before the IRS comes knocking? Every year, he comes up with a slightly different answer. The IRS is smart and is always changing the rules, usually to its benefit. […]
Cash value life insurance is a type of permanent life insurance policy. Unlike term life, which only has a death benefit, a permanent life insurance policy has a death benefit and a cash value. Cash value life insurance is just another name for permanent life insurance or whole life insurance. The names are often used
Cash Value Life Insurance: Is It Worth It? Read More »
The mortgage interest deduction limit has decreased since the new Tax Cut & Jobs Act was passed in 2018. In the past, you could deduct mortgage interested on up to $1 million in mortgage indebtedness. Today, according to the IRS, the maximum mortgage amount you can claim interest on is $750,000 on first or second
Mortgage Interest Deduction Limit and Income Phaseout Read More »
If you want to find better value when buying a house, then avoid the Frenzy Zone. The Frenzy Zone is essentially the housing price point where the majority of people can buy, the median home price +/- 50%. If you look for homes priced above the Frenzy Zone, demand drops of significantly. As a result,
Go Up The Housing Price Curve To Find Better Value: Avoid The Frenzy Zone Read More »
From a financial standpoint, rental property is at the top of the list of assets to own. Why rental property? Let’s explore the main benefits of this asset class. But first of all, you have to be smart about investing in a rental property. Otherwise it can become a huge headache if you don’t screen properly.
Why Rental Property Is A Powerful Asset Class Read More »
A lot of you have expressed interest investing in real estate over the years as part of a diversified investment portfolio strategy. However, some of you don’t have the 20%-30% downpayment to get started in rental property investing. Therefore, I’d like to explore the real estate crowdsourcing industry with Fundrise. With Fundrise, you can invest in
Real Estate Crowdsourcing Investing With Fundrise Read More »
This article will cover in detail retirement savings by state. The higher the retirement savings by state, perhaps the more attractive the state is to retire in. After all, the states with the highest retirement savings must be doing something right! Folks know I’m biased towards West Coast living due to the weather, diversity, food,
Retirement Savings By State: Which Region Is Winning? Read More »
After publishing my post, Here’s How Much Money You Need To Retire Early And Live In Poverty, several readers were offended because the definition of poverty was too high. They commented that my premise was absurd and that they live quite comfortably or think they can live quite well on the income levels I highlighted.
The Definition Of Poverty Might Be Too Rich: Time For An Adjustment Read More »
Whenever you buy something, it’s good to ask yourself whether to pay by cash or credit card? There are pros and cons of each. This article will highlight which way is best to maximize your finances. Let me start with an example of whether to pay cash or credit card when doing some car maintenance.
Pay By Cash Or Credit Card? Deciding The Best Way To Save Money Read More »
Building a blogging business and making money from blogging is one of the most attractive opportunities in the new decade. Buying blogs makes a lot of sense post pandemic. Believe it or not, buying blogs and selling blogs can make you a good amount of money! A blog can be a very lucrative business, especially
Buying Blogs, Selling Blogs: How I Built My Blogging Business Read More »
