taxes

I often get asked the question – “How can my family live comfortably off of a single income?”. In my response, I always let people know that it is possible and is not that hard. My wife and I have chosen to support our family on one income (by me) and have her stay at [...]

Out of all of the personal financial strategies, one of the most lucrative financial moves is that of purchasing property to lease out to renters. Doing this, if done correctly, can earn you a fantastic return for your investment, as well as earn you a passive income. If you follow some basic guidelines, it could [...]

Holding down a steady job and earning regular paychecks is both the easiest and most common form of earning an income. Building a solid foundation of deep wealth however, requires time, planning and a considerable amount of research. There are three general means to creating wealth: active income, portfolio income, and passive income. Photo by [...]

One of my financial goals for this year was to increase the amount of money I put into my retirement account. Some day I would like to max out as many retirement accounts as possible, but for now I’m just happy to increase my regular contributions. In this economic climate, many are seeing that it [...]

Starting in 2011, the IRS will be making it harder for consumers to get their hands on a quick income tax refund. The popular refund anticipation loans, which are short-term loans based on the anticipated amount of a tax refund. The loans are given to consumers who do not want to wait several weeks for [...]

Do you need a whole life insurance policy? When it comes to life insurance, most people knows very little about the subject, and the many alternatives available only add to the confusion. Typically, we don’t take enough time to sit down and understand each type of life insurance policy and which one is the best [...]

One of the best ways to avoid dipping your fingers into your savings (especially your emergency fund for non-emergencies) is to automate your savings accounts so that your money flows through your personal economy without much interference from you. When you automate your savings accounts, you can force yourself to practice financial discipline — and [...]

The economic decisions that you make on a daily basis have a direct impact on your financial future. Your decisions can either set you up for a nice comfortable retirement or force you to work much longer than you ever planned. If you want to get on the right track to a successful retirement then [...]

If you are a first-time homebuyer and missed out on the $8,000 Homebuyer Tax Credit because you didn’t make the April 30th deadline, you still have tax incentives to look forward to in the future. One of the benefits of buying a home is that you can deduct the mortgage interest you are paying on [...]

One of the keys to financial freedom is developing a habit of saving. It sounds really basic, but many people have trouble with this, and many just don’t know how to start. Here is an overview of how you can get started with savings accounts. The article will cover types of savings accounts, how to [...]