The Ultimate Guide to Making Money

Clueless “experts” love talking about tax refunds

Ahhh...tax refunds. Everyone (especially virtually every personal-finance “expert”) has an opinion about them. And most of them are wrong. I explained why this is nonsense in a blog post last year: The average tax refund is about $3,000. How much interest are you losing if you get a tax refund? $2.50 per month. Yes, you read that ...

The Debt Ceiling

I'm just back from vacation, and my brother reminded me of a line I used to use in one of my talks. I'd joke how the only way your government bonds would become worthless is if the government defaults..."and the government doesn't default, it just prints more money." Always good for a laugh. Yet the situation in Washington is ...

Your parents are delusional about tax refunds

I love tax time because all these kooky weirdos come out of the woodwork -- including personal-finance "experts" who don't know what they're talking about. These are the people who will get on TV, or on their online soapbox, and lecture you about taxes. One of their favorite go-tos is this old chestnut: "If you're getting a tax refund, you're ...

Clueless friends giving you money advice? Use the STFUDF Technique

How many people in your life lecture you about finances, but don't have their own finances under control? Nothing is more infuriating than someone telling me I'm "throwing away money on rent" when they haven't spend even 2 hours running the numbers. Or someone who proudly proclaims that they found a higher interest rate on a new bank, which is ...

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Expert advice: Tax breaks on your house

Photo by blmurch A few weeks ago, I offered you the opportunity to ask David Bergstein, professional tax analyst and CPA, your tax questions and a chance to get a free account at CCH CompleteTax. Some of this is pretty technical, but I wanted to get your advanced questions answered, so here are David's answers. * * * "IWTYBR readers posted some excellent ...

Tax tactics: Use legal tax breaks to keep more of your money

Now that tax season is here, I've asked David Bergstein, professional tax analyst and CPA, to offer iwillteachyoutoberich readers customized tax advice. Don't worry if this advice doesn't apply to you -- if you have a specific question, you can get it answered below, for free, by David.. While Ramit focuses on teaching you how to be rich, I can ...