Castillo, Glenn V
Your wealth savings rate is important because it can significantly reduce how long it takes to double your money. For example, if you believe your wealth will grow at 6% per year (after inflation), then, according to the rule of 72, your wealth would double in 12 years (72/6 = 12)....
I believe the number then changes from 72 to 102. So, if you want to figure out how long it will take to double your money if you have to pay an annual tax on the money of 30%, divide 102 by the interest rate and you should be pretty close. Thanks Uncle Sam... You're the b...
That's the easy answer, but then I realized that I've always had a knack for buying expensive toys long before I'd ever had a job. Hopefully my cheapskate tricks can help you, too, which is why I share them here. Our ability to buy expensive toys has nothing to do with how much ...
Welcome to the My Wife Quit her Job Podcast; today I’m excited to have Bill D’Alessandro back on the show. Now if you don’t remember Bill he was featured in episode 48 where he talked about how he purchased an ecommerce business and doubled its sales in just one year, now it ...
Here's how to do a balance transfer: Research balance transfer cards. Ideally, you want a card with a 0% intro APR that lasts long enough to pay your credit card debt in full. Apply for a card. Once you've found a balance tra...
Citi® Double Cash Card 1% back on all purchases and 1% back when you pay off your purchases (effectively 2% back) Capital One Quicksilver Cash Rewards Credit Card Unlimited 1.5% cash back on all purchases American Express Cash Magnet® Card Unlimited 1.5% cash back on all purchases C...
In addition, I would try to keep your domain name between 1 and 3 words long. Anything longer tends to become too long and difficult to remember. For example, if I was going to start a marathon blog, I might go with something somewhat personal like MarathonSpencer.com. Or maybe more bu...
In the next 10 years, the Dow would be doubled just by a combination of the 12% equity coupon, a 40% payout ratio, and the present 110% ratio of market to book value. And with 7% inflation, investors who sold at 1800 would still be considerably worse off than they are today after...
Allowances were previously loosely tied to personal and dependent exemptions claimed on your tax form. As noted above, thestandard deductionwas then doubled and personal and dependent exemptions were eliminated as a result of the TCJA. The current form asks you to record the number of dependents...