Almost everyone is familiar with federal income taxes, state income taxes, property taxes, Social Security taxes, and sales taxes because they are part of the normal costs of working, living, or doing business in the United States. But not everyone is as familiar with the capital gains tax. What Is the Capital Gains Tax? Millions of…
Category Archives: Investing
Saving and Investing Are Not the Same Thing
If you have any hope of building significant wealth and achieving financial freedom for yourself and your family, then you need to have a good understanding of the basics. For example, do you know the difference between saving and investing? Many people use those terms interchangeably. But while they are closely related, they are in…
Ways to Jumpstart Your Portfolio in a Slow Economy
Status quo is alive and well in the investment community. Financial advisors all over the world are telling their clients to not change anything in their portfolio because a recent study proves that pulling money from fixed income investments is rarely a good idea. This study, published by Fidelity Investments, shows that from 2008-2010, clients…
Biggest Investment in Life: College
College is an investment and the most worthwhile and rewarding investment of your life. No doubt the costs have been skyrocketing, but with an average salary increase of 60 percent for those with a bachelors degree, the total return could reach ONE MILLION DOLLARS over a lifetime. Making small sacrifices early in life will result…
Fun With Math: More Than Just the Rule of 72
The rule of 72. You probably already know what it is all about. If not, the rule of 72 is used as an estimate to determine how long an investment will take to double at any given interest rate. Let’s say you have $10,000 in a CD that earns 5% annual percentage yield, or APR….
