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 […]
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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 »
Have you ever wondered how Alexandria Ocasio-Cortez (AOC) could be a socialist when she went to Boston University, one of the most expensive private universities in the world? It doesn’t seem consistent with her messaging about fighting for the middle-class and poor at all. Let’s explore who AOC is and whether she really is a
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 »
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
Only The Rich (Or Fools) Can Afford To Buy New Cars Today 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 »
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,
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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 »
