Friends and relatives I have who smoke often dismiss the cost they are paying to smoke, “It’s only a few bucks every morning at the gas station.” Few people actually do the math. At $8 per pack, a pack a day habit costs around $3,000 a year. This may not …
I came across an article last night that gave me a lot of thought, entitled $150,000 Income, $150 Income Tax. The author of the article and his wife both earn roughly $75,000 a year. They both max their 401K saving contributions to $17,500 a year. They max an HSA to …
Delta is another word for difference. The difference between what you earn and what you spend, the delta, is what is left to save and build wealth. In America in 2013, the median household income was roughly $51,000, with an average savings rate of 3.9%, roughly $2,000, meaning the median …
I wrote an article on life insurance when I first launched this blog, and I addressed how inexpensive and important it is. What I failed to address is the reasons why people don’t get life insurance. The main one being that we tend to think that it always happens to …