Helps you cover for qualified out of pocket medical costs IF you have high deductible health insurance policy (min deductible of 1500 and max out of pocket 7,500). You need to qualify for an HSA depending on the type of health insurance you have. It’s like a traditional IRA, you put in PREtax dollars and … Continue reading 1204. Health Saving Account
Tag: finance
1187. Income, Savings, Investments, Simple Living
Building wealth is a four step equation: working income, savings, investments, and simple living. Working income This is how we become financially free. It all starts with our working income. The more we earn the more we can save and invest to get to our passive income and real estate goals. (Be careful of lifestyle … Continue reading 1187. Income, Savings, Investments, Simple Living
1176. Job think
Jobs aren’t everything, but it’s how we make money And money can’t buy happiness right? But money can alleviate stress. Not having money to pay bills, the mortgage, to buy food, to repair the car or house, to maintain a status that we put on ourselves - it can lead to a stressful way of … Continue reading 1176. Job think
952. Putting aside some money each paycheck
Why don’t people do this? Instead, they make money, spend it, and wonder why they don’t have any What if you could save 20$ for each shift? Or 10% each paycheck? Or 30%? It may start out small like it doesn’t matter. Really, setting aside 2$? Or 20$? I have bigger problems. But what about … Continue reading 952. Putting aside some money each paycheck
884. The biggest downsides to 401k’s
Hidden fees. How do financial advisors get paid? We pay them. Either a flat fee or by earning commissions Commissions for what? For doing a job. Selling a stock, buying a stock never mind if it goes up or down… The point of this is to bring awareness to the fact: do we know how … Continue reading 884. The biggest downsides to 401k’s
876. Only 3% of Americans
Only 3% of Americans have a roth ira The roth ira is one of the greatest accounts we can ever have for ourselves And only 3% of Americans have one.. Why is that? It’s long term and it’s not sexy How can we make long term look sexy to us? By controlling (and choosing) our … Continue reading 876. Only 3% of Americans
712. 18 Tips to improve your finances from two of the greatest books
Secrets of the millionaire mind (7$ on thrift books) Create our lives , life doesn’t just happen Be committed to creating wealth for the long haul. Be ready for fear. Do we see Opportunities or obstacles? Who you’re around Paid via results or time? Net worth is more important than income Become an excellent money … Continue reading 712. 18 Tips to improve your finances from two of the greatest books
628. active v passive income
Active income / passive income They are different, but many people think passive income will save them. Active income is money from work or business Passive income is money from investments - Cash Flow, equity If you're not happy now, you won’t be with passive Income coming in. Plus once we touch passive income, it … Continue reading 628. active v passive income
625. Asset rich and cash poor
Financial freedom’s a goal Getting there through assets Asset rich and cash poor is a thing assets are growing but that working income is shrinking due to inflation, no promotion, lost craft - whatever But that’s why we try to become more valuable, to keep making more and more cash - to invest into more … Continue reading 625. Asset rich and cash poor
253. Pay the doors off
Why are we chasing financial freedom? To us, the whole point of achieving financial freedom is to have peace of mind, and a way to ensure peace of mind is to have a few properties paid off. If the properties are paid off, yeah we may not be getting the best return, but paid off … Continue reading 253. Pay the doors off
Joe DiAndrea 