We’ve talked about it many times here on our blogs, that saving money is extremely important for many things, including giving you financial freedom. What most people who take our advice find is that, once they actually start putting aside a large chunk of change, and building up their wealth, many new opportunities come into their life, and their outlook changes quite drastically

Interestingly, spending money on everything in sight loses its appeal. It’s not that you won’t want to buy anything, but just that accumulating wealth will actually give you the same satisfaction that purchasing things used to give.… Read the rest

Today’s blog is a little bit different than usual. We’re going to be taking just a quick look at how women differ from them when it comes to creating wealth, based on recent research. It might not help you in your financial affairs, but it’s quite interesting.

The Forbes list of billionaires has 1645 people, 172 of whom are women. Of that 172, 32 of the women are “self-made” and the rest made their money either from marriage or an inheritance.

This begs a number of questions, including how come there aren’t more women billionaires, given that women have made such great strides overall in the rest of the economy?… Read the rest

It’s estimated that nearly 4,000,000 American consumers will get stuck paying the Alternative Minimum Tax this year, more commonly known as the “dreaded AMT”. According to the Tax Policy Center, that means approximately $6,600 in extra tax costs on average.

Unfortunately, there are still many taxpayers who don’t even realize that there’s a two tax system in the United States and that, depending on several factors, they will have to pay whichever of those two tax amounts is higher.

The good news is that a certain portion of your income is exempt from the AMT.  Married couples, for example, receive around $80,800 for the full exemption and, for single taxpayers, it’s approximately $51,900.… Read the rest