What are strategies the rich use to avoid as much income tax as possible? When the wealthy have marginal tax rates north of 30%, it’s amazing how much low tax rate income they must have to bring that number down into the low teens. Here are a handful of strategies that they use that, while not …
7 Strategies the Rich Use That You Don’t (But Should) Continue Reading »
It’s time to make your year-end tax list and check it twice to ensure that you give yourself the gift of tax-savings. Here are 9 ways this month to help make your 2018 tax bill as small as possible. 1. Buy a house Sure, the extension and expansion of the homebuyer credit offers some more …
9 Tax Moves to Make by 2019 and Save on Your Tax Bill Continue Reading »
Budgeting isn’t fun. Very few people look forward to tracking all of their purchases, cutting back when they’ve overspent, and adjusting their budget from month to month to meet changing conditions. However, it’s a necessary chore, like cleaning your house or apartment, that you should do because it’s good for your financial health. But so …
I remember the first day I set foot at college, it was a mixture of excitement and fear at the prospect of being on my own. I arrived in Evanston, IL a few days early and had the opportunity to wander around an empty campus. Northwestern University wasn’t that large of a campus. You could …
This guide tackles a topic that so many of us are introduced to with little preparation — debit and credit cards. Part of the reason why we don’t get a gentle introduction is that it’s not in the interest of credit card companies to educate their customers. They introduce cards when you’re most impressionable, like …
How Debit and Credit Cards Work: The Definitive Guide Continue Reading »
For years, my budget consisted of an Excel spreadsheet that documented every purchase I made every single day of the year. As a numbers gal, this wealth of data was amazing and helped me tweak my spending, find my financial leaks, and reach financial goals much sooner than I would have without budgeting. Since then, …
Some of the things I already knew, like the AMEX Centurion Card has a $2500 annual fee and a $250,000 annual spend requirement, but others I didn’t, like how American Express started off as a shipping company and later branched out into financial services. I broke the fun facts into these general categories: Historical Nuggets, …
