Tag: personal finance
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The Roth Conversion Ladder Explained: A Complete Guide to Tax-Free Retirement Income
The FI/RE movement has grown bigger over the years, and so have incomes. With that comes the ability for employees and investors to reach a level of retirement savings that some may deem as comfortable enough to retire before reaching age 59.5. But we all know those early distributions of tax advantaged retirement accounts incur…
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The 30-30-3 Rule Explained: How to Buy a House in 2023
While it’s always encouraged in this blog to take on the least amount of debt as possible, sometimes there is just no way of getting around debt due to life stages and situations. But we can always be smart about how we take on debt, specifically mortgage debt. The 30-30-3 rule exists just for that…
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Credit Default Swaps: Understanding Their Role in Today’s Economy
Credit Default Swaps (CDS) gained notoriety during the 2008 financial crisis, playing a significant role in the collapse of major financial institutions. Since then, they have remained an essential yet controversial financial instrument. What are Credit Default Swaps? A credit default swap is a financial derivative that allows investors to hedge against credit risk or…
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High-Yield Savings Accounts: A Smart Financial Move in Today’s Economy (Top 5 Picks 2023)
In a world of economic uncertainty and fluctuating interest rates, finding the best place to park your hard-earned money can be challenging. High-yield savings accounts (HYSAs) are an attractive option for those looking to earn more interest on their savings without exposing themselves to the risks associated with investing in the stock market. In this…
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Top 5 Products and Tools to Help You Stay Financially Sound in 2023
Maintaining financial stability is a crucial aspect of living a stress-free and fulfilling life. With the right resources and tools, you can effectively manage your personal finances and work towards a brighter financial future. Below are some of the best things you can use at your disposal to stay financially sound in 2023: Dave Ramsey’s…
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Staying Debt-Free in 2023: Navigating Inflation and Bank Collapses
As we venture into 2023, economic uncertainties such as rising inflation rates and recent bank collapses have left many people worried about their personal finances. However, it’s essential to maintain a level-headed approach and not panic. In this blog post, we will explore how to stay debt-free amidst these challenges, and provide practical tips for…
No Debt Mindset 