Category: Personal Finance
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What Does Shaq Own? From Five Guys to Reebok, A 2023 Review
What Does Shaq Own? From Five Guys to Reebok, A 2023 Review I’ve been a Shaquille O’Neal (Shaq) fan ever since watching him play basketball at LSU. Being from Louisiana, it was fun watching them have a good team besides football. The Orlando Magic drafted him in the 1992 NBA draft, and he quickly became…
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Health Savings Accounts: What Are the Pros and Cons of HSAs?
Health Savings Accounts: What Are the Pros and Cons of HSAs? The Health Savings Account (HSA) is often praised as an excellent solution for managing medical costs and boosting retirement savings, thanks to its significant tax advantages. When investing, you get triple tax benefits: 1) HSA contributions are made with pre-tax dollars, 2) medical expenses…
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ChatGPT Interviewed Me (Transcript Included)
ChatGPT Interviewed Me (Transcript Included) Recently, I read an article in a manufactured housing magazine where ChatGPT interviewed the editor. I thought this was a cool concept and decided to do the same. Here’s what happened… Me Can you interview me if I provide you with details so I can write in a blog article?…
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How to FI: A Step-by-Step Guide to Financial Independence
How to FI: A Step-by-Step Guide to Achieving Financial Independence What if you NEVER had to worry about money again? It’s not as hard as you might thing as millions of people are reaching this status, called Financial Independence (FI), each year. In this article, we’ll provide an easy-to-follow step-by-step guide on how to reach FI, from calculating…
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10 Things Millionaires Never Waste Their Money On
10 Things Millionaires Never Waste Their Money On Do you want to know something about millionaires you probably weren’t aware of? They’re often tighter with their cash than you’d expect. They’re not constantly splurging their income like many poor people do. Instead, they focus on their “needs” and things that’ll make them extra money. They’re…
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Accredited Investor Definition: What Are The Requirements?
Accredited Investor Definition: What Are The Requirements? Being an ‘accredited investor‘ plays a significant role in private investing. It refers to individuals allowed to invest in certain types of investments not registered with the Securities and Exchange Commission (SEC). These investments are typically more risky but can be more rewarding, potentially offering much higher returns…
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Fat FIRE: A Game-Changer for Early Retirement Success
Fat FIRE: A Game-Changer for Early Retirement Success There’s been a big push these days for high-income earners (i.e., doctors) to reach FIRE status. With declining job satisfaction and increased burn-out rate, can you blame them? Related article: I Can’t Do It Anymore: 3 Reasons Doctors Hate Their Job Let’s start by defining the FIRE movement……
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Does Forming an LLC Really Protect Personal Assets?
Does Forming an LLC Really Protect Personal Assets? Starting a business involves many crucial decisions, including which legal structure to set up. One popular option is forming a Limited Liability Company (LLC). An LLC offers several advantages, such as privacy, tax benefits, and, most importantly, asset protection. Understanding how an LLC safeguards your assets is key to…
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How To Use a Self Directed 401k Plan For Retirement
How To Use a Self Directed 401k Plan For Retirement I’ll never forget the email I received from a new Passive Investor Club member who had recently discovered the possibility of using their “locked up” retirement account money to invest outside of the stock market. After graduating from dental school, his retirement plan looked like…
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11 Businesses That Run Themselves For Passive Income
11 Businesses That Run Themselves For Passive Income Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” I realized a few years ago after a wrist injury that if I couldn’t use my hands then I couldn’t provide for the family. But…
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From Scrubs to Side Hustles: 13 Best Physician Side Gigs
From Scrubs to Side Hustles: 13 Best Physician Side Gigs [Editor’s Note: Today’s article is a guest post from Justin Nabity, CFP of Physician Thrive. Justin founded Physician Thrive to help doctors avoid business and legal pitfalls along with helping them build their financial education.] There are a lot of factors physicians consider when starting their careers…
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Is The Stock Market Rigged? The Truth Exposed
Is The Stock Market Rigged? The Truth Exposed Years ago, I watched a documentary about how sites like SeatGeek and StubHub can acquire so many tickets to events BEFORE the general public. This was right around the time of the Superbowl so I decided to see it in action for myself. I logged in shortly…
