
The Best Ways to Protect Your Wealth at Every Stage
As your savings and net worth grow, make sure that you are protecting that wealth with smart strategies. Find out what to consider depending on your current stage of life.
As your savings and net worth grow, make sure that you are protecting that wealth with smart strategies. Find out what to consider depending on your current stage of life.
If you are interested in a large charitable donation in 2020, the IRS has provided you a great incentive: 100% deduction off your taxes!
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.
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!
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.
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.