How to Legally Lower Your Income Tax Bill Next Year
Every Spring I am on the other end of a conversation with a friend or family member who is exasperated about the surprise income tax bill they owed during this latest filing season. There are deep sighs, complaints, and finally a vow to never let this happen again, only...
What Yield Are You Really Earning?
Rising bond yields are giving hope to some income oriented investors that bonds can be a suitable place to earn an income on their capital again. Since 2018, the US 10-Year treasury yield has fallen from a high of just over 3%, all the way down to .50% in...
Just Start Building Your Emergency Fund
Building and maintaining your emergency fund is one of the earlier actions you should take as you start building your wealth. It may not seem like it as emergency fund assets are usually invested conservatively, so it won’t be a large source of growth. However, it will be a...
Let Asset Compounding Be Your Best Employee
Growing wealth, especially as you’re just starting out, can sometimes seem like a fruitless task. Every month, quarter, year, you make contributions, however, the movement of the markets is only modestly impacting your account balance. Not only that, you are foregoing current consumption, which can be difficult in your...
Less Trading To Build More Wealth
Finance is an industry that produces more news than is newsworthy. I suppose this may be the case in other industries, but the amount of TV channels dedicated to finance is staggering. Bloomberg, CNBC, Fox Business, BNN, Cheddar, amongst many others, are producing “breaking”, seemingly actionable reports around the...