car
AutomotiveThe purchase price of a car is not how much the car costs you. You must find the total cost of ownership for the car to really understand the cost to your finances.
Category: Personal Finance
Topics on personal finance
asset
AutomotiveAre you looking into buying a boat and wondering if they are depreciating assets? Well, yes they are depreciating assets. The will decline in value for as long as you own them, but this is not the only cost of ownership you should be concerned with.
compounding
InvestingTax efficient investing means carefully choosing certain investments and determining which accounts to hold them in to reduce to reduce your overall tax bill. Saving money on taxes allows you to make larger investments and keep more of the returns. In the long run, due to the power of compounding,&hellip
asset
Foundational ConceptsSpending on depreciating assets can wreck your finances. Many people associate being wealthy with owning luxury cars, jewelry, designer jeans and high end watches. This is the image of wealth portrayed in the media and popularized in movies. The material goods you purchase are really depreciating assets and they are&hellip
investment
InvestingIf you hate paying taxes I have good news for you! Uncle Sam has a whole host of tax advantaged accounts available to you, and the only thing better than a tax shelter is a legal tax shelter! You have come to the right place to learn where you can&hellip
financial choice
Foundational ConceptsOpportunity cost is about understanding the impact of your choices. Every time you choose to spend your money on something you forgo other opportunities.
financial analysis concepts
Foundational ConceptsThe payback period in finance is cost divided by annual cash flows. It can be calculated on the fly for many common personal finance opportunities.
fees
InvestingAre you shopping mutual funds and want to understand how fees affect performance? It turns out they can dramatically affect your returns!
compounding salary
Personal FinanceNegotiate a higher salary to make achieving financial goals easier. You must work to keep your salary at fair market value over the course of your career.
asset
Foundational ConceptsAssets are anything that you own that have a cash value. Common examples are your house, car, stocks, business, cash, annuities, cryptocurrencies, and collectibles. On contrast to liabilities, they add to your net worth. There are many different types of assets that you can own. Let’s look at the different&hellip