The Great Conundrum Traditional Accounts allow you to save on taxes as the contributions are deposited prior to any deductions being taken from your paycheck. Pre-tax contributions reduce your taxable income by the amount you contribute, in example if you make 40k and contribute 19k to your pre-tax retirement account,...
When confronting the complexities in life, just as in mathematics; always remember to break the problem down to the simplest terms then solve. When the pandemic initially hit, we were in the midst of focusing our energy on servicing and paying off our remaining student loan debts and mortgage on...
If I only had ….. If I only had a new car I would be happy If I only had a woman/man that made over six figures, I’d be happy. If I only had a 3,000 square foot house with 5 bedrooms, and 3 bathrooms, I’d be happy. If I...
My daughter has just received her first debit card. She is only 8. Additionally, she has her own brokerage, and savings account to complement her debit card which is attached directly to her checking account. She is the first of my four children to begin her financial journey in life,...
If you’re like the vast majority of people in this world at some point you will need financial assistance in the form of a loan to help you get through some of life’s challenges such as buying a home, financing a car, financing furniture, financing trips, financing education etc. Typically,...
It has been a long time since I have contributed to the blog. I’ve declared today to be the day that I get back to it, and pen today’s post that will be focused on managing your liabilities and daily costs. Many personal finance writers will focus on cutting that...
I was in accident. A drunk driver totaled my 1985 BMW 325e; the whole experience was shocking and truly unexpected. My close friend and I were heading south on a highway separated by a low concrete divider when a drunk driver thought it was ok to come across the divider...
Perhaps it is a well known fact that the hours we are allotted in a day are limited. Our days are in fact limited to 24 hours. 24 hours to work, sleep, exercise, love, be social, study, learn, and a plethora of other things. Therein lays the challenge of life...
“Debit or Credit?” is the question that you hear when you go to checkout at your favorite store, but what is credit, and how do you get it? I’d like to think of credit as a contract of trust that you have with another entity. Credit is a relationship, but...
Tranquility as defined in the Merriam Webster’s Dictionary is to be free from agitation of mind or spirit; free from disturbance or turmoil; unvarying in aspect: steady, stable.We should all should seek to maintain our tranquility in our lives amongst the many obstacles and angst we experience in our lives...