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 short-term capital gains tax rate is equivalent to your federal marginal income […]
Short-Term And Long-Term Capital Gains Tax Rates By Income Read More »
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,
The Difference Between Active Income And Passive Income Read More »
A 529 plan is one of the best generational wealth transfer vehicles. Instead of just giving our kids or grandchildren money, it’s way better to give them the gift of education. This way, the kids will learn how to fish instead of just be given a fish. Thanks to the SECURE Act 2.0, we will
Rolling Over Leftover 529 Funds Into A Roth IRA: Who Really Benefits? Read More »
F you money. FU money. F*ck you money. It’s all the same. F You Money is having enough money to tell others to F Off without fearing financial repercussions. I’m sure some of you have dreamt of telling your annoying micromanager to F Off. But you can’t because you still want that raise and promotion.
Once You Have F You Money, It’s Hard To Tell Others To F Off! Read More »
In the good old days, several friends and I liked having beers after each softball game. We got to discussing what is the one ingredient necessary for achieving financial independence early. Here were some of their responses: All of these ingredients are important for helping all of us achieve wealth and financial independence. However, the #1
The One Ingredient Necessary For Achieving Financial Independence Read More »
Sometimes you take a leap of faith with and your dreams don’t come true. That’s OK because at least you won’t regret never trying! In this article, taking a leap of faith means trying your hand at entrepreneurship. Entrepreneurship means leaving the comfort of a steady paycheck and benefits to make money from an idea.
What If You Take A Leap Of Faith And Your Dreams Don’t Come True Read More »
Pickleball is the fastest-growing sport in America. If you’re looking for an easy sport to pick up that’s loads of fun and inexpensive, pickleball is the sport for you. After playing 29 USTA league tennis matches in 2022, my shoulder, knees, and feet began to break. The wisest thing would have been to take time
Why You Should Play Pickleball: The Best Sport Today Read More »
One of my biggest fears for renters came true. Rents surged due to rising home prices, increasing household formation, and not enough inventory during the pandemic. The main question now is: How long will rent increases last? We shouldn’t feel bad for those who’ve been against homeownership for years. You can find plenty of them
How Long Will Rent Increases Last? Some Advice For Renters Read More »
Below is a summary of the major 2023 Wall Street S&P 500 forecasts. The S&P 500 price targets range from 3,675 to 4,500. This implies returns of between -4.6% and +16.8% from the Dec 16, 2022 close of 3,852. If you’re looking for newer data, please check out my 2025 Wall Street Forecasts post here.
2023 Wall Street Forecasts For The S&P 500: Huge Dispersion Read More »
The first rule of financial independence is to not lose money. If you lose lots of money, you are ultimately losing valuable time. Losing time is the biggest financial mistake you can make because time is the most valuable asset. Now let me introduce the second rule of financial independence: never expect your income to
The Second Biggest Financial Mistake You Can Ever Make Read More »
