Beginner Level
This is the beginner level of Personal finance.
This section encompasses financial articles for beginners who want to manage money as well as their saving and investing. The Neighborhood Finance Guy covers budgeting, life insurance, how to buy your first home, your first investments up to retirement planning, and tax and estate planning.
Personal finance depends on your income, expenses, goals, and desires. As such, itโs important to become financially literate, so you can make S.M.A.R.T.E.R decisions.
Here are some beginner-level tips: Develop or follow the Net Max Financial Plan, Run an inventory of your assets and liabilities, Start tracking your wealth (also known as Net Worth), Set a Budget you can follow, Allocate at least 15% for additional debt pay downs, at Least 20%-30%% toward savings, and the rest to your needs.
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Rich People Already Know How Broke You Are
knowledgeable investors and real rich people, already know how broke you are. This makes it easier so that you donโt have to spend your hard earned money on pretending.
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Will Your Taxes Go Up? Breakdown of the New Tax Reform
Many taxpayers will be chocked and amazed at their latest return. Especially if you didn't make the adjustments to your W4s and 401ks.
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TNFG Weekly Chapter 3: โTwo Cups, Too Manyโ
Focusing just on coffee misses the point entirely. The Latte Effect applies to everything from how much we pay for TV subscriptions, gym, peloton, multiple cars in the parking lot of your home. Most families have a problem with over spending as a mean to derive happiness.
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So You Need a High Impact Media Press Kit?!
What’s a Media Kit? First of all, once you start Blogging, Vlogging through YouTube and ultimately gaining an audience, you need to start tracking it. Every fledgling brand needs a media kit or a press kit. A media kit can be a page on your website or a downloadable package of information with the goal to summarize your reach in order to attract advertisers. Growing an audience is hard enough. Doing so without the proper Ad campaign can be costly. You want your side hustle to be a profitable as possible and as soon as possible. A media kit helps. Think of a Media Kit like a robust resume for…
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Last Minute Tax Moves Before You File for 2020
Before You Jump to File Your Taxes Too Soon This Year, Process The Implications and What You Can Still Do To Reduce Your Tax Liabilities.
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How To Build A Long-term Investment Portfolio Earning 250% Annual Return
First Investment Review. How This Black Millennial Couple Beat the Market by 10x in their First Year. Annual Return over 250%.
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Don’t get left out of wealth: Rich People pay less taxes, you should too.
All that time could have been better spent; learning and understanding their own taxes.
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Extreme Warning! Don’t Be Average. How to reallocate $20,000 per year
The average American household brings in about $68,000 and spends $63,000. After FICA (Social Security and Medicare) tax of 7.65%, the income already drops to $62,798. There you have it, the problem in high definition.
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5 Simple Ways to Jump Start Your Financial Independence Journey
Itโs not about the money but money does pay bills. Therefore, I am team money.
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How to make over 20% on your investments in 2021
TNFGโs Fav Five ETFs for 2021 Each year comes with its own share of trials and tribulations. The best part of 2020 is that it is over. With the market taking a dive in March 2020, only the few top tech companies seem to have carried the entire economy on their backs. This presents a colossal opportunity for investors over long-term savers. Buy ETFs Low, and Hold to Sell High While most fin-social media pundits will scream Vanguard Total Stock Index $VTI to the day they die, I rather go for a more nuance approach. In other words, if you want to succeed, it is best not to take the…
