There’re different life insurance policies, and you should purchase one suited to your individual needs. A life insurance policy can have many benefits, such as the payout received is tax-free, covers one’s funeral expenses, and can add to your retirement savings. But it might be a waste of money if you buy the cheapest policy …
Net worth is all your belongings, including non-liquid assets like real estate and cars, minus all your debt, like mortgages and student debt. Liquid net worth is all the cash you have and can access at the moment. Big items have to hit the market to get liquidated, so they’re often omitted from the calculation. …
Emergency funds are great because they help us meet unforeseen circumstances when they happen. While you keep your money parked safely, you can earn interest annually on your emergency funds, sometimes up to 4-6%. You can invest your emergency funds in high-yield savings accounts, high-yield treasury bonds, or stake your crypto to earn interest, among …
Marriage diminishes estate tax among spouses, allows you to enjoy spousal benefits, inherit social security, and IRA. In addition, health, home, and car insurance come at a lower cost and with tax exemption. But marriage can also put you in a higher tax bracket and increase your monthly debt payments. For better or worse, life …
It’s not impossible to buy an engagement ring with a low credit score. You can still qualify for several personal loans, buy now pay later services, and jeweler financing offers. Getting a zero-interest credit card can be challenging with bad credit, so these options are more realistic. Deciding you want to spend your life with …
Hyperinflation is the rapid, uncontrolled increase in prices caused by an ample cash supply that is not supported by economic growth. The best way to endure it is to get rid of cash, avoid large purchases, and invest in protected securities as precious metals. The aftershock of the pandemic is an increase in inflation. As …
Depending on which area you choose to reside in, you can either live comfortably or struggle to make ends meet with $5,000 a month. In most areas of the US, except for San Francisco, New York, Boston, you can live in a safe neighborhood, enjoy some comforts and save with a $5,000 income per month. …
