If you are interested in taking money out of an IRA penalty-free, there are a number of ways to do this. But first let’s see why it’s so important to stick to the IRA rules. Let’s say you have $3,500 in credit card bills that you want to pay off with IRA funds. If you [...]
If you are wondering if you should graduate from college early, I have to start off by congratulating you for even considering the question. Just thinking about this issue proves that you are a forward-thinking person. Believe me, for most of your friends, long-term thinking doesn’t extend beyond the weekend and deciding which party to [...]
“If I won the lottery I would…” How many times have you completed that sentence (if not out loud, at least to yourself)? Several years ago I met 12 bus mechanics who actually did win the lottery. In fact, they won $12 million – $1 million apiece. Within two or three years most of them [...]
Lots of people name “getting out of debt” as their top priority for the coming year. Well, if you are one of those people, the most important first step you should take is to become a master at budgeting. The good news is that you can make a budget that works even if you’ve tried [...]
When you think about being successful in life, it all comes down to the questions you ask yourself and others doesn’t it? My experience tells me that our questions propel our lives. There is really no more cogent influence in our thinking than the questions we formulate and ask. I don’t know about you, but [...]
If you’re buried in debt, your situation is not hopeless. There are three steps you can take – beginning today – to get back on track. 1. Pow-Wow Before doing anything – and I mean anything – get your family together to sit down and discuss the situation. My suggestion is to be completely transparent [...]
If you are in the market for a home right now, you’re probably asking yourself if you should go for a fixed or variable-rate mortgage. How do you find an answer? Fortunately, it’s not all that difficult to make the right choice. First, a little background. Variable or adjustable-rate mortgages (also known as “ARMs”) used [...]
It doesn’t matter if you’re a senior in high school or a senior citizen at the Social Security Office. It never hurts to have a few extra dollars in your pocket. Here are five of the best side jobs to help you achieve just that: 1. Cut Hair Everyone with hair has one common problem [...]
If you own rental real estate, the government is thinking about you…and not in a good way. The Government Accountability Office reported that 53% of taxpayers with rental real estate misreport when they file their tax returns. That means many property owners overestimated real estate tax loss. The bottom line is that owning rental real [...]
You might be interested in buying a leveraged stock or commodity ETF. These are funds that magnify market returns. A leveraged fund might perform twice as well (or poorly) as a typical fund. If you are concerned about inflation you might look for commodity ETFs to shield you against that problem. And if you are very bullish [...]
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