How will our 46th President impact your financial future?

How will our 46th President impact your financial future?

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Joe Biden was sworn in as our 46th President. He has a number of important items to tackle such as the coronavirus response, economy, immigration, climate, healthcare, and many more. With any new President comes new policies that will affect your investments and your financial future. What’s in store for us? Biden has already shared his tax plan and here are some of the proposals as cited at Forbes. Tax brackets for high income earners: Biden proposes to increase the top…

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I just got my quarterly dividends. Now what?

I just got my quarterly dividends. Now what?

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Dividends! That’s the money paid from by a company to its shareholders typically quarterly. You may have seen this as a potential type of income to supplement your income. If you have shares of Apple, Microsoft, Walmart, Home Depot, Costco, or any other company that pays dividends, you should see a dividend deposit into your account each quarter. There are companies that do not pay dividends. Companies like Amazon and Tesla do not. Before you consider any investment expecting to…

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It’s not about how much you earn, it’s about how much you spend

It’s not about how much you earn, it’s about how much you spend

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My wife and I were talking about how the pandemic changed our lives specifically the way we spend our money. Before COVID, we used to go out to happy hours, go out to eat, vacations, travel, and more. Now, we cook mostly at home, hang out at home, and haven’t gone on vacation or traveled as much. We realized something very important about our spending. It’s not about how much you earn, it’s about how much you spend. If you…

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Early Retirement Is Possible

Early Retirement Is Possible

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If you think early retirement is out of reach, think again. I thought that early retirement was out of reach but it’s only out of reach if you think it. Once my other half reached early retirement, I knew that we were headed in the right direction and that early retirement was actually feasible. In my site, I wrote about many topics that have helped us reach this milestone. I’m still on my journey but when I look back, these…

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What My Investment Focus Is In 2021

What My Investment Focus Is In 2021

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I’m always looking to see what my next investment should be. In 2020, I focused my investments in Apple (APPL) which turned out to be a win. I was able to get Apple before the 4-to-1 split. Before investing, always do your research. This is what my investment focus is in 2021. Now that 2021 is here, what is a good investment? It’s going to be tricky because we’re still fighting the impacts of COVID-19, many Americans are struggling because…

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2021 New Year’s Resolution – Stay Consistent

2021 New Year’s Resolution – Stay Consistent

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Want to lose weight? Want to turn that hobby into a business? Want to save money? Want to finally start that blog or vlog? Want to build more income? Want to be a nicer person? Want to give more? What’s your New Year’s resolution for 2021? My resolution is to stay consistent. 2020 was a very tough year to keep any resolution because of COVID-19. If you had problems keeping any resolution, why not try it again in 2021. Never…

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Reflecting On 2020

Reflecting On 2020

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2020 will definitely be a year to remember with COVID-19, economic shutdown, government stimulus, virtual school and work,  and an interesting election year. Financially, it sure was a roller coaster year. With the country shutdown due to COVID-19, the economy took a dive but shortly came right back and eventually hitting all time records. This was interesting especially when unemployment was high, small businesses were closing, and states were again taking stricter rules to combat the spread of COVID-19. Tech…

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Car: To Buy or Not To Buy

Car: To Buy or Not To Buy

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I came across a dilemma that you probably have come across at one point in your life. Should I trade in my car for a new one? Well, the answer isn’t that simple because there’s a number of factors to consider. I have a 12 year old SUV with 180K miles and I need new tires which will cost me approximately $1000. When my car reaches 200K miles, I’m going to have to spend another $1000 to change the timing…

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Taking Too Long To Jump Into The FIRE

Taking Too Long To Jump Into The FIRE

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There are risk takers and there are risk avoiders. I, myself, am more of a risk avoider especially when it comes to things I’m not familiar with. Normally, I like to take my time to research and learn the topic at hand until I’m comfortable. When I look back, there are many situations where I probably took too long to research. I probably took too long researching how to start a blog and learning cryptocurrency. One of the risks of…

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It’s Not Personal, It’s Interest

It’s Not Personal, It’s Interest

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So I have a high yield savings account and over the past couple of years, the interest rates have just gone down so low it’s unbearable. I’ve contemplated whether or not to move my savings into my stock portfolio or a mutual fund. However, I’m all about not putting all my eggs in one basket and to diversify my portfolio. Currently, my high yield savings account earns 0.40%. It’s healthy to shop around. It’s not personal, it’s interest. I’ve been…

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