Tag: savings
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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 isRead…
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Cheer up, retirement is possible and it can be great!
Everyday, AJ Sheff and I read stories on the internet which paint the picture of a 90 year old labor force which can’t afford to retire. This is exactly the kind of thinking that doesn’t help at all, and in fact, conditions people to accept the status quo and make no effort to affect positive…
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5 tips to overcome a recession
If you’ve read the news lately, you’re probably getting the sense we’re in a recession. Well, that’s because nearly all of the mainstream media is telling us we’re in a recession, so how could it not be? Truthfully, there is no “rule” that determines a recession, but rather a set of conditions that make it…
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Hurry, locate your old 401(k) plan to save money today!
As you’re leaving a job for greener pastures (hopefully), you also inadvertently leave your 401(k) behind. Keep reading to understand some of the bad things that can happen by doing this!
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Health Savings Accounts: new contribution limits for 2023
the IRS announced the new contribution limits which will apply to Health Savings Accounts (HSAs) starting in January of 2023
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Property taxes: how to beat a rigged system
If there is one guaranteed, sure-fire way to keep the poor down, it’s property taxes. Just think, you spend 30 years working hard to pay off your home. You’ve finally made it. You have achieved the American dream – homeownership. But wait, you don’t “technically” own your home. It’s crazy, right? Well, not really. After…