There are a lot of different concepts and jargon when it comes to personal finance. I’m going to explore the concepts and areas that I think are the most important to me in my quest for financial independence. [Read more...]
Living expenses with dividends: The “pay my bills” idea
April 21, 2013 By 9 Comments
I recently came across a quite interesting strategy of owning stocks in companies to whom you pay bills and using the dividends paid by these companies to pay living expenses. While an interesting idea, I’m not sure this is necessarily the best strategy. [Read more...]
Expat Finance: Financial considerations with moving to a new country
April 4, 2013 By 5 Comments
Moving to a new country can be a good way to supercharge your income during your working life. It may even help you accelerate your wealth creation. However as I found out when I came to the US, starting from scratch in a new country can be tough on your finances. [Read more...]
Ways to build up wealth during your working years
April 1, 2013 By 17 Comments
Accelerating your wealth during your working years can pay major dividends later in life, setting you up for a comfortable retirement. You’ll have a lot longer to compound significant wealth and harvest a long term income stream (if you choose to be invested in dividend stocks). So what are some of the moves that you can make?
Getting Out of Debt – 5 options you should steer clear of
March 20, 2013 By Leave a Comment
You shouldn’t be surprised to find that plenty of people today happen to be under a debt burden. In such a case what becomes the utmost priority is for people to get out of debt as soon as possible. It’s not just a psychological burden, but also a financial hassle. Debt never does anything good for your financial health. Rather, debt is a financial malady that keeps growing over time and becomes larger as well as more burdensome. Undoubtedly paying off debt is possible, but even then you’ll find people going deeper into the debt trap even while trying to get rid of it. This is essentially because of people resorting to wrong options to pay off debt. [Read more...]
How I survived a Tax Audit
March 10, 2013 By Leave a Comment
A few years ago, I received “that” letter from the IRS that everyone fears receiving. It informed me that I was being audited by the IRS. And it wasn’t just a request for information, but a request to make an appoint at my nearest IRS office. I was able to survive my audit by taking a few sensible steps . [Read more...]
Reducing your costs at tax time
March 4, 2013 By 5 Comments
Tax time can be completely painful if you aren’t adequately prepared. Not only is it a hassle to get records together and in order, but the cost of preparing your taxes can also hit your back pocket. There are a few simple things that you can do to reduce the cost burden on yourself. [Read more...]
Can you be happy being frugal?
February 18, 2013 By 19 Comments
Being careful and disciplined with your money is very important to making sure you have something to invest and grow. There are a lot of expressions that people use to describe this, “frugal” being one of these. But can being frugal make you happy? [Read more...]
Cut your tax bill with dividends
January 27, 2013 By 20 Comments
The treatment of dividends from a tax perspective makes it one of the most tax efficient ways to receive income compared to earning traditional wage or salary income. But its not just the concessional dividend tax rates that make dividend investing tax efficient. [Read more...]
Are there alternatives to an emergency fund?
January 21, 2013 By 15 Comments
There is a lot of very sensible advice in the personal finance community that suggests that you should have an emergency fund. Unfortunately emergency funds come at a very high cost in terms of idle capital thats earning you minimal returns, which I don’t like. Are their better alternatives? [Read more...]
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