Quarter 3 Net Worth Statement Every 3 months I take 5 minutes to update my net worth spreadsheet and I think this is the most important thing you can do to track your finances. The 3rd quarter of 2023 just ended and here’s your reminder to update your net worth
Rethinking the Value I love it when a money concept is presented in a way that really hits home. An example is how we show that cutting $100 out of your monthly expenses equals $30,000 less you need in your net worth to reach financial independence. Cody Garrett from Measure Twice
What is a Share of Stock? Brian Feroldi’s book, “Why Does the Stock Market Go Up?” releases next week and while recording our episode with him, I brought up a sentiment I’ve heard distressingly often in the FI Community: “I just don’t believe in investing in the stock market. It
The card is a straightforward, no annual fee, cash back credit card with an interesting new welcome offer… If you’re a fan of Chase’s other credit cards, but want one for everyday use, the credit card is one you should strongly consider. Here’s a quick overview of what the offers:
What could you do with an extra $1,050? Pay down debt? Add to your emergency fund? Invest in broad-based index funds? Whatever your plans may be, it couldn’t be simpler to get started today! ChooseFI’s Simple 3 Card $1,050 Game Plan The barrier to entry with this strategy is low
In the ChooseFI community, we talk a lot about the benefits of travel rewards cards and how they can help you travel for almost nothing. While travel rewards cards are an incredible tool, they don’t matter too much to folks who don’t travel. That’s why cashback credit cards are just
Important note 10/2020: You can no longer apply for this card and please consider all this information out of date since it is no longer publicly available The Chase Freedom is my favorite credit card in my wallet. The 5% cash back rewards categories are easy to activate (in fact, Chase
The FI community isn’t anti-credit cards, they’re anti-credit card debt. If you use credit cards responsibly, the rewards you can gain can earn you free vacations, access to exclusive clubs, or just extra cash. Here is a breakdown of the difference between the two major reward categories: travel rewards vs.
I love using my credit cards to earn miles, points, and cashback. But when you travel internationally, places you visit won’t always accept credit cards. This is why you need to have cash available while traveling. But how do you avoid fees when getting cash when traveling abroad? While traveling,
What You’ll Get Out Of Today’s Show In this ChooseFI Back to Basics episode, we review Health Savings Accounts (HSA). What happens when you need to finally pull money out after funding it year after year? ChooseFI Chief Content Officer, MK, is just weeks away from having her baby. For
How Each State Taxes Retirees This article from Kiplinger, “Taxes in Retirement: How All 50 States Tax Retirees,” is a quick way to determine how your state (or future retirement destination) taxes income for retirees, including: · Income Tax on Taxable Income ·
Year End Wins (Part 2) I received so many incredible ‘year end wins’ emails that I felt compelled to feature as many as possible these last two newsletters of the year. For some more year end inspiration, check out ChooseFI podcast Episode 468 ‘Year End Wins 2023’ that came out
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