The Tax Policy Center recently calculated most working Americans didn’t pay federal income taxes in 2020. According to the chart below, supposedly 106.8 million out of 176.2 million total income tax filers did not pay federal income taxes. That amounts to 60.6 percentage of Americans don’t pay federal income tax! Given there are roughly 332 […]
Most Working Americans Don’t Pay Federal Income Taxes – A Problem? Read More »
They say money can’t buy happiness. But what if having money can make you less stressed, less jealous, less combative, less anxious, and more joyful? Then surely having more money can at least make you nicer right? I think so. My first realization with this correlation between niceness and wealth occurred at the end of
If You Want To Be Nicer, Get Richer: A Surprise Apology Letter Read More »
You may not know this, but I create original artworks with the interior paint I use for each house I’ve bought since 2003. Not only is art fun, but maybe one day, these original pieces will sell for megabucks! So when Masterworks approached me to do a sponsored post about investing in fine art, I
Masterworks Review: A Way To Invest In Fine Art Read More »
I worry for renters trying to buy property and our children who have little or no earnings power. The U.S. housing market might eventually get as hot as the Canadian housing market. If so, U.S. housing prices easily see at least 30% – 50% upside. After all, the median home price in Canada is about
If The U.S. Housing Market Gets As Hot As The Canadian Housing Market Read More »
Imagine retiring by age 40. You may have to prepare for a 50-year retirement! Traditionally, the average American retires by age 65 and prepares for a 20-25-year retirement. However, with the median life expectancy increasing and more people desiring to retire earlier, we must plan for even more unknowns. Further, return assumptions for stocks, bonds,
Preparing For A 50-Year Retirement With Vanguard’s New Return Assumptions Read More »
When it comes to cars, buyer’s remorse is the worst because there’s no return policy. Once you buy your car, it steadily depreciates in value over time. If you buy a new car, the depreciation curve over the next three years is the steepest. Therefore, you had better buy a car you really love, responsibly.
How To Avoid Buyer’s Remorse When Purchasing An Expensive Vehicle Read More »
Although I’m a DIY investor and encourage people to figure out how to invest themselves, there’s absolutely a place for hiring a financial advisor or investment manager to manage your money, or at least a portion of it. Back in 2015, I did some consulting for a fintech startup called Motif Investing down in San
Strong Reasons For Hiring A Financial Advisor Or Investment Manager Read More »
Since 1995, I’ve been a do-it-yourself investor (DIY investing). It all started when I saw my father trading stocks on his Charles Schwab online account. I was hooked and asked him to teach me. The introduction led me to trade stocks during college. Sometimes I’d win, sometimes I’d lose. Thankfully, my portfolio was only about
DIY Investing: An Easy Guide To Investing Your Own Money Read More »
As part of my sabbatical, I’ve convinced my wife to write more posts. Yes! My master plan is working. Here is Sydney discussing money lessons for college students. – Sam Even though I haven’t been in school for over twenty years, I always get excited during back to school season. I think back to the
5 Money Lessons For College Students To Graduate Financially Ahead Read More »
In addition to updating your umbrella policy in a bull market, your homeowners insurance policy likely needs to be increased as well. Given real estate values have surged higher, your house may be underinsured. I like to keep my real estate values static in my net worth calculations to keep me motivated. It encourages me
Your Homeowners Insurance Policy Likely Needs To Be Increased Read More »
