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Selling on Amazon using FBA is a great way to make money from retail arbitrage. Selling on Amazon lets you reach lots of potential customers and is a great way to start a small business. In this post we are going to explore how to start an Amazon FBA business on a tight budget. Understanding […] The post How to Start an Amazon FBA Business on a Tight Budget appeared first on Make Money Without […]

What do you do when you have unexpected expenses? As you’ll see in our budget below, we try to plan ahead by adding to sinking funds for specific purposes. By adding money to each of these categories every month, we build up sums of money that will come in handy when those expenses come up. Car maintenance is one of those sinking funds that we add to nearly every month. Most months we don’t need […]

If you’ve ever watched extreme couponers fill their carts without breaking the bank, you’ve probably wondered how they do it. The secret isn’t just in collecting coupons; it’s also about having smart shopping list ideas that maximize savings. By knowing what to buy and when, you can make the most of every coupon and get the biggest bang for your buck. Here are ten savvy shopping list ideas to help you save big on your […]

Are you feeling overwhelmed by Black Friday sales already? Learning how to budget for Black Friday shopping is your key to scoring amazing deals without breaking the bank. Each year, more shoppers are discovering that a solid budget plan is crucial for success. Smart shoppers know that with the right tools and strategies, you can save hundreds while staying completely debt-free. Imagine walking away from Black Friday with everything on your list and zero financial […]

  123rf The forecast is calling for heavy precipitation in the next few days, right in time for the new year. Most of us are still in vacation mode, and parents with children are probably wondering how they’ll entertain their children while school is still out. Unfortunately, the cold means there’s no garden to tend to, and unless you’ve installed cold frames and planned for a winter harvest, there’s nothing to pick from the ground. […]

🎙️Episode #369 – Trying to decide between buying more rentals or paying down debt to reach financial freedom? I’ll share my own story of facing… The post Should I Buy More Rentals or Pay Off Debt? (Here’s What I Did) appeared first on Coach Carson.

In recent months, Syfe made two announcements that piqued my interest as an investor who has been actively using their products and services for the past few years. In 2019, Syfe raised S$5.2 million, one of the largest seed rounds in Southeast Asia. This was followed by Series A Funding Round (US$18.6 million) in 2020 and Series […] The post Syfe (Singapore) Is Profitable, Launches Early Employee Share Buyback appeared first on Turtle Investor.

There is always another rainbow. – Scrooge McDuck The IRS has updated the new contribution limits for retirement plans. The annual limit on elective deferrals will increase to $23,500 (up from $23,000) for 401(k), 403(b), and 457 plans, as well as SARSEPs, and to $16,500 (up from $16,000) for most SIMPLE plans and SIMPLE IRAs. That’s great news! If you can max out your 401(k) with a 10% return, you would have $1M in 17 […]

Save, invest, prosper with My Own Advisor. Weekend Reading – How to safeguard your retirement plan Hey Everyone, Welcome to a new Weekend Reading edition on the subject of how to safeguard your retirement plan. While I’m still catching up from my vacation, a bit, including answering reader emails, I’m now up to date for all comments on this site. That said,… Join the million dollar portfolio journey. The article Weekend Reading – How to […]

“If all you have is a hammer, everything looks like a nail.” We’ve all heard that phrase, alongside the concept of having “the right tool for the job.” I submit that many people in the retirement planning community (especially online in DIYer circles) do not have the right tools or mental models for including long-term stock market returns in their financial plans. Example 1: I saw this question on Reddit this week: Howdy! Currently 26, I can FIRE at 45 if I get 8% returns. What percent returns for the stock market do you guys use planning for 20+ years out? The 100-year average is 10%, but most retirement calculators have returns set at 6%. The difference between 6% and 10% is huge in terms of how much money gets built up. I’m not sure if 8% is too hopeful or if that’s realistic for planning purposes. Cheers. The first 3 answers came in, and I cringed a bit. Answer 1: For long term like that I always used 7.2% to be pessimistic and because it makes the mental math really easy. At 7.2% your assets double every 10 years. Answer 2: 7% is typically used (to include the average of 10% plus 3% for inflation). This gives you money in today’s dollars for reference. The money you will actually have will be higher (hopefully) in proportion to increased spending. Answer 3: Well, consider the fact that the SP500 has returned 37% over the past year, and almost doubled (87%) over the past 5 years. Crashes do happen, as we’ve seen in 2008, 2020, and 2022, so you have to factor in that you may have a down year (~20% loss). But those are typically good opportunities to use any cash you may have (HYSA) to buy solid stocks that may be undervalued temporarily. Let’s use these three answers to explain the right and wrong ways to think about future stock market returns. Lesson #1: We Just Don’t Know – > Add Variance One of the three answers above is better than the other two (Answer 2). But we need to start our lessons today by addressing the fact that none of the answers highlighted that: We have no idea what future returns will be, and… While we can use past returns as an intelligent reference point, we should add significant levels of potential variance into those past returns. I understand the desire for shortcuts…“Let’s just pick one number…how about 7% per year?”… But such a shortcut blacks-out so much essential information. This article dives into some of those details: Average Returns vs. Actual Returns. A better approach starts with varying the long-term average. Perhaps it’s 5%, 6%, up to 10% per year over the long run. That seems reasonable. BUT! We must also vary the actual yearly returns that lead us to our long-term average. We must consider how the sequence

Donald Trump will be the next US President and he has promised radical changes to federal regulations around food, healthcare, water, immigration, and taxes. There are huge price increases looming in our future because of all these things. Every day life in the US is about to get eye wateringly expensive. This is a list […] The post Everything to Do, Buy and Prepare For Trump’s Second Term appeared first on Bravely Go.

123rf Planning for retirement can be one of the most exciting yet challenging phases for couples. With so many retirement planning tools and resources available, finding the right guidance can feel overwhelming. Books can be a fantastic way for couples to dive into financial strategies together, learn from experts, and get on the same page about their retirement goals. Here’s a list of seven insightful books that are packed with practical advice and tailored to […]

It’s that time of year again. The air is cool and the Election is in the rear-view mirror. That can only mean one thing when it comes to personal finance: time to start thinking about year-end tax planning. I’ll provide some commentary about year-end tax planning to consider, with headings corresponding to the timeframe required […]