Want to donate your entire salary? 2020 is the year to do it.
If you are interested in a large charitable donation in 2020, the IRS has provided you a great incentive: 100% deduction off your taxes!
Can I avoid Capital Gains Tax when I sell my Home?
Yes, you can avoid capital gains tax when you sell your primary home: up to $250k (single) or $500k (married). But make sure to avoid these problems.
How to Avoid LifeStyle Creep after a Big Payday
Lifestyle Creep is when you upgrade items in your life that cost more and therefore lead to even more expenses. This happens faster than you think, and you never actually get ahead!
How to stay rich: Protect your money by diversifying
Getting rich requires a narrow focus, hard work within a domain, and consistent doubling-down. Staying rich, however, requires the opposite approach: broad, diversified allocation of resources.
Tracking Net Worth is Important and Easy
Net Worth is a simple calculation of everything you own (assets) minus everything you owe (liabilities). It's important to track to gauge financial independence progress over time.
Backdoor Roth: A great option for high income earners
By converting your traditional IRA contribution to a Roth IRA, you can save significant money over time.