Simple Steps to Reduce your Taxes when Investing
Sad to say it, but it is tax season again. No, it is not time to file tax returns, but by the time that rolls around it will be too late to do anything to change one’s taxes. This is the time to...
View ArticleHow Should I Invest an Inheritance?
Ask SmallIvy Dear SmallIvy, I recently inherited over $500,000. I’d like to be able to earn income from it and invest it so that it will grow. How can I do this? Thanks, Gracie Dear Gracie,...
View ArticleHow to Calculate Investment Return
Compound interest confuses most people. very few people can figure out what their car payment will be, the amount of interest they will pay on their house, or what their bank account will be in ten...
View ArticleHow Much Income can I Get from X-Dollars in Savings?
Maybe you have reached retirement age and are wondering how much income you can expect from your savings. Maybe you have just received an inheritance and would like the money to last for a long time,...
View ArticleWould you Drive a Used Car for a Million Dollars?
Would you drive a used car until you were 55 if someone would pay you a million dollars to do so? Understand this doesn’t mean driving a junker - just driving a four-year old car until it was eight...
View ArticleRisks and Rewards of Corporate Bonds
A bond is a loan made to a company (or government entity). Just as with a house loan, the loan is made for a specified period of time, Unlike a house loan, the loan is not repaid over time. Instead,...
View ArticleWhy Private Accounts Would Be So Much Better than the Current Social Security...
Wealth – a mass of things of value for which someone would be willing to trade or work for – is created through work. It is also created through the extraction of natural resources. If work is used...
View ArticleWhy Investing Works – Part 1: Understanding how Wealth is Created.
The term, investment, is used often on our culture. We speak of investing in clothes or a car. We talk about education being an investment. We talk about investing in the future. Not every large...
View ArticleWhy Investing Works – Part 2: Understanding how Investments Create Wealth.
Having gone into how wealth was created in the previous post, we can now turn to a discussion of how investing creates wealth. I’ve recently had a long discussion of this and how it relates to the...
View ArticleUnderstanding the Risks of Leverage when Getting a Home Loan
Real estate has always been seen as a low risk investment. Houses always go up in value, people say. Sometimes prices might stall for a while or don’t grow that fast, but they will always pick up...
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