Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I’m always looking for […]
The Best Life Hack For Americans: Taking Advantage Of Canada Read More »
Are you interested in learning about the secret to perfect happiness? The answer is to make over $500,000 a year, a top one percent income. Earning $500,000 is the start of the top 1% income threshold in America. In an amazing Gallup poll highlighted by the Wall Street Journal, it says that 100% of those
The Secret To Perfect Happiness Revealed! Make Over $500,000 A Year Read More »
The 2024 Social Security COLA (Cost Of Living Adjustment) for over 71 million Americans is +3.2%. What was even more impressive was the 2023 Social Security COLA was a whopping 8.7%! An increase of that size is both huge and head-scratching. The 2023 Social Security COLA is huge in comparison to 2024 and prior years
The Social Security COLA Is Huge: Traditional Retirees Rejoice! Read More »
Why The Federal Reserve Does Not Control Mortgage Rates
The Federal Reserve Doesn’t Control Mortgage Rates, The Market Does Read More »
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
Combatting Inflation Is Straightforward But Not Easy Read More »
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
2023 Tax Brackets: The Best Income To Live A Great Life Read More »
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
Why You Won’t Regret Buying Treasury Bonds Yielding 5%+ Read More »
As someone who wants to buy a new car this year, given my car is 10 years old, I’m having second thoughts. With the average new car price at almost $50,000, it seems like only the rich can buy new cars today! Think about it. If you follow my 1/10th rule for car buying, you
Only The Rich (Or Fools) Can Afford To Buy New Cars Today Read More »
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
How Landlords Can Create Teachable Moments For Their Kids Read More »
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
How One Man Negotiated A $40 Million Mass Severance Package Read More »
