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Fall Savings – August 19, 2023 🍁💰
As we enter the autumn season, it’s a good idea to take some money-saving steps in preparation for cooler weather. Here are a few that may be beneficial for you. 1. Flush the water heater. If you haven’t already flushed your hot water heater this year, it may be a good idea to do it now.…
One Easy Tip to Increase Your Emergency Fund – August 12, 2023 💵
A recent survey revealed that two-thirds of Americans can’t cover a $400 emergency. Are you in this category? Living paycheck to paycheck is stressful. However, there are a few ways to build an emergency fund to handle unexpected events. One tip is to use credit card cash bonuses. I’ve mentioned this before, but the offers…
Tactical Patience with the Housing Market – August 5, 2023 🏘️
As a Marine, I learned a concept called tactical patience. A leader is often admired for quick, decisive action. However, if time allows, being able to delay a decision is an equally valuable trait. Tactical patience can be defined as giving a situation enough time to develop before determining its meaning, significance, and appropriate response. A year ago,…
Live Seminar Invitation – August 1, 2023
At 12:00 pm Eastern Time tomorrow, I’ll lead a live, in-person finance seminar at the Wework located at 200 Massachusetts Avenue NW in Washington, D.C. You are welcome to join us. We plan for a lively discussion about personal finance in these uncertain times. Lunch is provided by Trinet, so stop by, have a sandwich,…
Regular Home Maintenance Can Save You Money – July 31, 2023 🏡💵
Many homeowners aren’t aware of how maintenance can save them money. Here are a few tips to help you save in the long run. 1. Inspections Many businesses offer roof and termite inspections for free. Doing a roof inspection every 7 years and a termite inspection every 10 years can identify problems before they get…
The Inflation Battle is Far from Over – July 29, 2023 🔥📈
On Wednesday afternoon, Federal Reserve Chairman Jerome Powell announced a Federal Funds Rate (FFR) increase of 0.25%. The FFR now sits in a range of 5.25 – 5.5%. In his prepared remarks, Powell stated he welcomed the positive Consumer Price Index (CPI) report, but future rate decisions would be data dependent. Even though the headline…
Tips to Assess Risk Tolerance – July 22, 2023 🔥
One of the most important ingredients in your investment strategy is your risk tolerance. The more risk tolerant you are, the more willing you are to lose money for a higher return. Risk tolerance is important with regard to your financial goals. Too often I hear “I want to make as much money as possible,” but…
Tips For Profitable Investment Property – July 15, 2023 🏡
This week Wall Street cheered a year-over-year Consumer Price Index (CPI) increase of 3%. However, when you dig into the data, you find what people are spending the most money on is rising much faster. The CPI report estimated food prices increased 5.7% and rent increased 7.7% over the same period. If you want to…
Save With Coupons – July 8, 2023 🛒
You can save a lot of money using coupons. However, you should use them for items you will buy anyway. One example is grocery shopping. If you go to coupons.com and spend 10 minutes clipping coupons before a weekly trip to the grocery store, you could save $20 per visit. That’s almost $1,000 per year. If you shop at…
Tax Saving Tips for 2023 – July 1, 2023 💸🔎
As we begin the second half of the year, it’s a good time to review the progress toward your financial goals. One area to focus on is taxes. Usually, people handle taxes in a reactive manner. On April 15th, they gather all their 1099s and W2s and try to figure out what they owe. Instead of reacting, it…