SEP-IRA vs. Solo 401K

SEP IRA vs Solo401k

The road from an idea to a profitable business is both exciting and overwhelming. You sacrifice time, work, and talent to build your dreams, so you must protect the fruits of your labor. Choosing the best savings plan can be a burden. Entrepreneurs have and want to save more money, and what better way than …

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What Is The 70/30 Rule?

What Is The 70/30 Rule?

When I started earning my own money, it was overwhelming. The feeling of having the financial freedom to decide on how you handle your own income and finally buying the things that you want, and enjoying the fruit of your labor is liberating and motivating. It inspired me to work hard, so I can earn …

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How Much Spending Money Do You Allow Yourself

How much spending money do you allow yourself

Diving deep into personal finance will have you rethink every dollar you spend on non-necessities. When I started paying off debt, I got so hyped and went into this magic circle of getting my paycheck-saving up to 70%-waiting for the next paycheck to save even more. This behavior helped me tremendously in paying off my …

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How Much Money Do You Spend on Food a Month?

How much money do you spend on food a month?

If there is an expense that I always do not regret splurging on, it is food. Food is one of the necessities of humans. Because of the different nutrients it provides, we become active, healthy, and living the life. Undeniably, it is one of our first choices of treats too! How about that perfectly blended …

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What Type of Debt Should I Pay Off First?

What type of debt should I pay off first?

Finding yourself in various types of debts can sometimes feel like falling in deeper with no clear plans of getting out. Often you are ashamed of your financial situation and wonder if it will ever end. Well, you’re not alone. This is the situation many consumers like you and I find ourselves in. From maxing …

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Retirement Calculator – How Much Do I Need To Save

Retirement Calculator - How Much Do I Need To Save

Making peace with getting old is not an easy task to tackle. Thinking about retirement in your 20s might sound exaggerated- but trust me, it’s not. Planning for the future doesn’t include only the next 5 or 10 years. Your retirement planning needs to start when you start your first job. When I started my …

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