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 …
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. …
Billionaires don’t keep their money in cash; their wealth comes from their net value. The net worth is a reflection of the things they own – companies, stock, and property. They reinvest every profit because if they keep their money in cash, inflation will eat a chunk every year. The neverending talk about billionaires and …
This is the concluding part of my discussion with a young man who asked how to grow his money. He earns between $60,000 to $90,000 annually, and his savings are in six figures, but he is only getting 0.06% annually for all his effort. So he wanted to know if he should delegate his fund …
A couple of weeks ago, someone reached out to me, and I feel it’s important I share the story with you because, as it turned out, several people are facing this challenge. Also, I have seen the same question pop up in many forums where personal finance is being discussed. So, this young man said …
Few things are better than unexpected cash. Maybe an invoice you forgot about, a larger tax refund, or a gift from someone who didn’t know what to get you. Extra cash is free money – you didn’t budget it, it’s nowhere in your financial plans, and it doesn’t matter what you’re about to spend it …
If you manage your personal finance the way a business operates its affairs, what would your finance look like? What if you manage your business the way you currently manage your personal finance? What would your business look like? A few years back, my friends and I traveled to Dubai. It was my first time, …