February 2015 Awesome Article Round Up

In February I came across several awesome articles that I would like to share with you.

Aldo at Million Dollar Ninja wrote “Save Money Like A Janitor” About a janitor who had a fortune of over $8 million at the time of his passing at the age of 92.  This article is one more strong piece of evidence that “it isn’t how much you make, it’s how much you keep that matters.”  Consistent savings and time will allow anyone with discipline to become wealthy.

Jeremy at Go Curry Cracker had an excellent post on The Social Security Tax Torpedo.  This article goes in depth on how and when Social Security benefits become taxed complete with several graphs to demonstrate how ‘the tax torpedo’ works.  In the end, even if all of your Social Security income becomes subject to taxation, how is that any different than virtually any other source of income anyways?

Erin at Broke Millennial wrote “High Schoolers Can Get Paid For Learning How To Budget“, analyzing a program offered through H+R block to work with high school classes on teaching high school students how to budget. The students start with an assigned income and then build a budget around that.  The students with the best performing budgets will end up winning scholarships offered by H+R Block.  Sounds like a cool experiment to me!

Jim at White Coat Investor wrote “A Scheme To Pay Off My Mortgage Early“. Despite being in a high tax bracket and having a ridiculously low interest rate, Jim still sees advantages to paying off his mortgage, mainly as a risk reduction move.  I see the mortgage the same way Jim does; sure it is a small percentage of my income NOW, but what if I lost my job? What if BOTH myself and my wife lost our jobs? Suddenly that house payment that was a super good deal is now a nightmare.  Jim puts out several methods to achieve this plan which sound like they will work great for most high income earners.

What awesome articles have you come across this month?