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Personal Finance

“Understanding Long-Term vs. Short-Term Capital Gains”

“When you sell a capital asset for more than you paid for it, the result is a capital gain. Capital assets include stocks, bonds, precious metals, jewelry, and real estate.1 The tax you’ll pay on the capital gain depends on… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

“Americans racked up $1,300 in holiday debt on average: How to get back on track in the new year”

“Use cash, not credit… Pick a debt repayment strategy…Consolidate balances…Make a post-holiday budget…” https://grow.acorns.com/2020-holiday-debt/ Those are the 4 tips. The link goes into further detail. Click the link if you want to know more. I have something important I want… Continue Reading…

Personal Finance

“How an 18-year-old has made more than $30,000 in about 3 years selling Lego online”

“Selling his old Lego pieces over the first six or so months brought Fiore about $200. Fiore, who is about to turn 18, has turned the side hustle into a business, Summerfield’s Toys, through which he sells different Lego sets and minifigures online… Continue Reading…

Personal Finance

“What Is the Average 401(k) Balance by Age?”

“Average 401(k) Balance by Age Here are the average 401(k) balance by age range as of the second quarter of 2019, according to data released by Fidelity Investments. Ages 20-29 The average 401(k) balance was $11,800 The median 401(k) balance was $4,300 The… Continue Reading…

Personal Finance

“10 countries where you can retire on just $100,000”

“1. Costa Rica… A couple could live out their golden years in Puerto Viejo, Costa Rica, for only $2,025 a month, or less than $25,000 a year, according to an estimate from International Living magazine. You could pull that off with a… Continue Reading…

Personal Finance

Retirement: “Here’s how much money you should have saved by age 50”

“Although this guideline includes your retirement contributions and your investments, in addition to any cash savings, for many it can still be a difficult goal to reach. In a 2020 TD Ameritrade report, surveying 2,000 U.S. adults ages 40 to 79 with at… Continue Reading…

Personal Finance, Real Estate

“The pros and cons of refinancing your home”

“…refinancing can be a little complicated, especially if your credit score is less than ideal or you’re not completely sure what to expect.  When you refinance, it means you’re essentially taking out a brand new loan on your property, often for the… Continue Reading…

Personal Finance

“Retiring with $1 million: How much you should save every month, broken down by age”

“…In fact, only 47% of retirees think they’ve built a large enough nest egg to last the rest of their lives, according to a 2020 survey conducted by the Transamerica Center for Retirement Studies. If your goal is to save $1 million, you’ll need… Continue Reading…

Personal Finance

“How to achieve financial freedom and pay off debt, according to a financial expert who paid off $87,000”

“Debt can be overwhelming, especially if it’s in the double or triple-digits. Just ask Tiffany “The Budgetnista” Aliche who had around $300,000 in debt after the last recession… “Focus on that credit card debt. That’s the one that’s costing you… Continue Reading…

Economy, Personal Finance

“Credit card CEO warns of dark times when the $600 unemployment benefit expires”

“Margaret Keane has been in the credit card business for 40 years and she’s seeing something she never expected: There’s mass unemployment, yet Americans are paying their bills on time. In normal times, that’d be good sign of financial responsibility.… Continue Reading…