Tag: personal finance
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Tip of the week: Keep a positive financial mindset
If you read the internet, as most of us do, you don’t get many positivity vibes. In fact, the comments are overtly negative and can really suck someone down a hole of despair. In order to overcome this, you can either avoid reading anything on the internet, which in 2022 would be quite difficult, or overwhelm the negativity with positivity.
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Save more today, get rich tomorrow!
When people hear “savings rate” they immediately think I’m talking about that measly 1.2% interest in their high-yield savings account (HYSA). Well, I’m not. Here at the Wealthy Idiots, we believe your savings rate is the % of gross income which goes toward savings versus being spent. Let’s break it down! Why savings rate is
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Save big money with a Roth IRA
There has been a lot of negative news to write about lately. So now, I’d like to remind everyone about one of the positives: The Roth IRA. Yes, the holy grail of retirement accounts. You don’t want to miss this opportunity.
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Lower your property taxes, now!
Each and every year for eternity, homeowners await a dreadful day in the tax world. This is the day that annual property tax notices arrive, notifying homeowners how much money they’ll forfeit to their municipality (could be plural, also), in order to continue living in their home. Yes, that’s right. Not only do you pay interest on that mortgage, but you also pay the county for the right to live in the home. How can anyone argue with such a wonderful tax (heavy sarcasm implied).
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Wealthy Idiot Reacts: Growing Problem With Personal Finance YouTuber “Influencers” | How Money Works
A lot of people are wondering the internet looking for people who are willing to part with their money. Others, are trying to build a community of smart, well rounded personal financiers. How do we tell the difference? AJ reacts to a video made by “How Money Works” and their critiques of personal finance YouTubers. Are they problematic, or helpful?
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Personal finance now a priority in high schools
If one good thing has come out of 2022, it is that a growing number of states are making personal finance classes a requirement for kids to graduate from high school.
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Act now, the stock market is having a sale!
If you’ve read any news this week, you’ve certainly gathered that the stock market is crashing. Don’t fret, this is just temporary, and like all other storms, it shall pass. Continue reading for some pro-tips to ride out the storm and capitalize on those dips!