Save big in 2023 by shopping insurance companies
While AJ Sheff is helping you avoid Indexed Universal Life Insurance (IUL), I can help save you money by shopping for better home, auto, and umbrella insurance. It’s insurance week at Wealthy Idiots! Gather quotes annually It’s 2023, and car insurance rates have sky-rocketed. Heck, pretty much everything has sky-rocketed since the start of 2021.Read…
Breaking: The Coming Fiery Economic Crisis and What You Need to Know to Survive
In this podcast episode, AJ and DC dive into the latest economic data revealing an alarming trend of coming mass unemployment and skyrocketing credit card debt among those without savings. With the Federal Reserve’s bleak predictions for the economy, it’s essential to be prepared and know how to weather the storm. Join us as we…
The Holiday’s Are Really Expensive, Try These Expert Money Saving Tips!
Each year, the months of November and December cost the American consumer billions of dollars. The worst part of this is that everyone has 12 months to prepare, yet, few people do! Well, don’t fret… the Wealthy Idiots have some expert money saving tips for you! Save really early Yes, I know it’s already theRead…
Lifestyle Inflation is the Great Wealth Destroyer
Most people’s lifestyle is connected to their income. Lifestyle inflation will slowly creep in on whatever income they have, making it nearly impossible to save and invest. AJ explains that your lifestyle shouldn’t be based on your income at all but something else entirely.
Save more; increased retirement plan contribution limits for 2023
Each year, the IRS sets the contribution limits for 401(k)-style plans, and Individual Retirement Accounts (IRAs). These increases are based on inflation, and this year, we’ve experienced quite a bit of that. HSA plans also received an increase announcement earlier in 2022, for those of you wondering. 401(k), 403(b), and 457(b) The 2023 contribution limitRead…
Take advantage of this big tax savings in 2022
While we all have to pay taxes, and most just blindly accept this fact, there are some things we can do to minimize the impact. Below we’ll explain a major tax savings opportunity for 2022.
What to do if you wrongfully contributed to a Roth IRA
We all make mistakes, we are human after all. There are so many rules and regulations surrounding personal finance that it’s hard to get it right all the time. In this article, we’ll talk about one of the more terrifying mistakes, which is actually quite easy to fix! The contribution & the problem So thereRead…