Personal Finance Blog Posts - I Will Teach You To Be Rich

Comparing Roth IRA to Traditional IRA

A rich life doesn’t happen by chance. It does take some careful financial planning. It’s actually a lot easier that most people assume. Making a few key decisions once and then never worrying about them again can set you on the path to an easy retirement and a rich life, however you define it. One of those decisions ...

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The Home Office Tax Deduction in 2020

I’ve worked remotely my entire career. It’s amazing. I get to pet my dog all day, work in sweatpants, do errands in the middle of the day, and avoid heinous commutes. Also, I get to cash in on the home office tax deduction every year. Since I have a home office, I can use the home office deduction ...

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16 Tips to Find a Cheap Car Rental

Renting a car is usually expensive, finding a great deal gets confusing. The last time I rented a car, one of the car rental companies tried to charge me $1,800 for 4 days. While another company only charged me $700 for a similar car. By doing my homework, I saved myself over $1,000 on a single trip. Fortunately ...

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How to Get a Business Loan

I love watching Shark Tank more than I should. And I’d never go on it myself in order to raise money for my business. The terms are usually terrible. Instead of having Kevin O’Leary eviscerate my plan on national TV, I’d rather go the more traditional route and get a business loan. In an era of TV ...

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The Best Roth IRA Accounts

The 5 Best Roth IRA Accounts for 2020 Having the best Roth IRA account sets you up for future financial success. Not only will you be better prepared for retirement, but it can also be the gateway to the keystone habit of investing and saving money. As with anything personal finance related, you need to do your research. This will ...

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Child Tax Credits for 2020

Kids are expensive. According to the most recent numbers from the USDA, it costs the average family between $12,350 and $13,900 every year to raise a child through age 17. That includes the cost of housing, childcare, education, transportation, health care, and clothing, and more. In total, that’s over $222,000. The kicker? That doesn’t include ...

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Best Performing Stocks of The Past 12 Months

The US stock market had a fantastic year, returning almost 33% in 2019. I always find it helpful to review my portfolio at the start of a year and compare it against the S&P 500’s returns to get an idea of how I am doing. I also like to look at the best-performing stocks of the past ...

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Financial Planning Guide For 2020

The key to living a rich life is taking control of your money. You don’t have to have a six-figure income or own a business to build wealth. All you need to do is have smart money-saving habits and plan for your financial future. I’ll teach you how to think about money in a different way than you’...

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The Complete Guide to Vanguard Index Funds

Index funds are like cheating. And the Vanguard Index Funds are the best around. You get more while paying less. Your money grows faster than doing it yourself or using professional managers. The fees are also crazy low, so low that you won’t even notice them. Better performance at a lower price. It’s one of the situations where ...

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How To Buy a House in 2020

Buying a house is one of the biggest financial decisions most people ever make. So it’s no surprise that there are a LOT of misconceptions around it. A few common ones: Renting is throwing money away because you don’t own a house!Houses are a good investment because they build equity.You need to buy a house (and ...

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