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

How Child Care Tax Credits Work

Anyone who has to pay for daycare for a child knows that the cost of quality child care can be crazy. After your mortgage, it could be your biggest bill of the month. It’s not uncommon to spend more than 15% of your income on care. To put that in perspective, the U.S. government defines “affordable care” as ...

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Where and How to Sell Your Stuff Online

Need to make a quick $1,000? It’s possible by selling stuff laying around your house. A few months ago, I sold a rowing machine for $700 and used the money to help pay for a trip to Italy. Not only did I get the extra cash, I freed up space in my office which now feels a lot ...

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How to Write a Bill of Sale (3 easy steps anyone can do)

Basically, a bill of sale confirms that ownership has changed. You can use a bill of sale to document a variety of purchases, with most people using them for cars, motorcycles, or boats. However, you can also issue a bill of sale when you sell personal property like clothes, furniture, or even a puppy. Generally, the seller writes up the ...

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How to Apply for a Credit Card

When I was younger, I applied for a first credit card. Notice I didn’t say I applied for a first right credit card. I didn’t know any better. I just accepted the first credit card for which I successfully applied. It happened to be a Wells Fargo card because there was a Wells Fargo branch in my local ...

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How Earned Income Tax Credit Works

A few years ago, I helped a recently divorced mom prepare her first tax return on her own. She was anxious about dealing with taxes because her ex had always handled them for her and worried that she’d owe the IRS because she didn’t make much money. Thanks to the Earned Income Tax Credit, not only did she ...

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How To Buy a Car

Part of my rich life is buying as much coffee as I want. I never sweat small purchases like that. A car, however, is one of the biggest personal expenses that I’ll ever make. I’m actually thinking of buying a new car myself right now. Sweating the details and purchasing a car will save me thousands of dollars. ...

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The Complete Guide to Selling Your Car

Thinking about getting a new car? Figured out what to do with your old one yet? One option is to offer your car as a trade-in to a dealership. But you might make more by selling it yourself. In many cases, you can turn a profit on your old car through a few well-placed ads and a car wash. Here's ...

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The best rewards credit cards of 2020

If your goal is to maximize rewards, get the best bonuses, and play the points game no matter the cost… You’re on the wrong page. We have a different philosophy on rewards credit cards. It’s the same philosophy that we have for all of personal finance: ignore the small stuff and focus on the Big Wins. Chasing after ...

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How to Get a Tax Extension Online

I’m that insufferable friend that does their taxes in March. When the rest of my friends scramble to do their taxes the night before April 15, I’m giggling to myself. Not only do I sit back and relax while they scramble to find everything, I already received my refund. Every year, it feels glorious. But one year… I ...

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How The Stock Market Works: Everything you need to know (in 5 min)

We’ve all heard of the stock market. But how does it work? Isn’t it risky? Can’t we lose a lot of money? There was the dot-com crash. Then the 2008 financial crisis. And aren’t stocks just for rich people anyway? I grew up thinking all of this myself. After learning a bit about the stock market, ...

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