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April 20 - August 31, 2023
So many people complain about politicians and sociological problems without looking around at their own behavior.
Cynics don’t want results; they want an excuse to not take action. Ironically, even if they win their own manufactured argument, they lose overall, because they’re stuck in a prison of their mind.
Fear is no excuse to do nothing
yourmentalwealth.com
Five Steps to Getting Rid of Credit Card Debt
Negotiate down the APR.
Schwab
Vanguard
With a Roth, you invest already-taxed income and you don’t pay any tax when you withdraw it.
Roth IRA, you pay taxes on the amounts you contribute, but not the earnings.
Most people don’t know this, but you can withdraw your principal (the amount you actually invested from your pocket) penalty-free.
“Roth IRA income limits.”
“Do I have a high-deductible health plan?”
if they say yes, you do have a high-deductible plan, ask them if you can pair an HSA with your account.
You get a debit card that you can use for “qualified medical expenses,” including bandages, chiropractors, eye exams and glasses, and prescriptions. (This is just a small handful of the health-related expenses you can pay for with your HSA card. To see them all, search for “HSA eligible expenses.”)
Shah Jahan’s for his wife, Mumtaz Mahal (look it up).
I’ve opted out of credit card offers at optoutprescreen.com, and I use a service called Catalog Choice (catalogchoice.org) to keep from getting unwanted catalogs in the mail.
They’re the expenses you cringe at, the ones you shrug and roll your eyes at, and say, “Yeah, I probably spend too much on _______.”
Habits don’t change overnight, and if they do, chances are they won’t be sustainable.
She set up a separate bank account with a debit card. At the beginning of each month, she transfers, let’s say, $200 into it. When she goes out, she spends that money. And when it’s gone, it’s gone.
three months of bare-bones income
More information is not always good,
When you’re evaluating a fund, the only way to really gauge it is by looking at its track record for the last ten years or more.
Morgan Housel
Bogleheads forum,
“marginal tax brackets.”
A list of your accounts and the amount in each ■ A list of debts and what the interest rates are ■ Monthly expenses (see table for details on how to determine this) ■ Your total income ■ Any money that is owed to you ■ Your short-term and long-term financial goals