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You can achieve wealth in a short time if you have the dedication and desire. Is there a no BS way to become a millionaire in ten years or less? While winning the lottery or becoming an overnight social media sensation are possible, neither are likely for most people. So how can you achieve millionaire status in a short amount of time? It is possible, but you will need to work hard and be laser […]

Many are drawn to the concept of generating passive income, yet few can achieve substantial results. This piece will explore the reasons behind such shortcomings and provide a passive income framework that can lead to a consistent income stream. Our focus will be on cultivating passive income online. Many of us struggle to build passive… The post How to build lifelong passive income appeared first on freefincal.

With a fund size of almost SGD $1 billion, the ABF SG Bond ETF is the go-to instrument to gain access to one of the world’s highest-yielding AAA-rated government bonds.  Most recently, our Singapore domestic bond index tracker ABF Singapore Bond Index Fund has declared its dividend payout of SGD $0.0124 for January 2024. Overview – […] The post ABF Singapore Bond Index Fund Dividend (January 2024) appeared first on Turtle Investor.

My colleagues Mike and Eddy wrote this E-book called InsureWell for Smart Accumulators to help enlighten Singaporeans about their insurance protection. You can download the E-book here. You would need to leave your name and email address before you can download. The book was ready some time ago, but I decided to share it here today because, coincidentally, I got some private messages or questions about whether: Are they adequately insured against XXX? Should they […]

Have you ever dreamt of earning passive income while you sleep?  Or fantasized about going on a vacation without worrying about the next paycheck.  Enter the captivating realm of passive income, a financial fairy tale that’s become a reality for many. The Earning Passive Income Dream Imagine a golden goose, but instead of laying eggs, it’s dropping dollar bills into your bank account regularly without needing your attention. That’s passive income in a nutshell! It’s […]

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In March 2024’s What’s been happening in the markets article we explain InvestNow’s new Vanguard fees, compare Kernel’s new savings account to competing products, and explore what we should be doing in response to the recession. Continue Reading…

Navigating the intricate landscape of tax laws and regulations involves understanding key legal concepts, including the statute of limitations on tax evasion and tax fraud. These statutes delineate the maximum timeframe within which legal proceedings can be initiated against individuals or entities suspected of tax-related offenses. In this comprehensive guide, we’ll explore the distinctions between […] The post The Statute Of Limitations On Tax Evasion & Tax Fraud appeared first on CuraDebt.

My friend’s daughter (~21 years old) just bought her first car. It was a big financial move, and she had lots of options. Look for a used Honda? Lots of frugal experts would point in this direction. New-but-reasonable? This is what I did. In May 2012, I bought a brand new 2012 Toyota Rav4. I’m still driving it today. Go all out! There are places to be and people to impress…I want a cool car! For better or worse, this young woman went with Option 3 and bought a 2024 Ford Bronco (for roughly ~$45,000). It’s a cool car (one of the most popular cars in America since the Bronco came back to life in 2021). That “cool factor” was essential to this young woman. But by stretching with this purchase, she’s damaged her financial flexibility in other areas of life. Financial flexibility is the ability to absorb financial downfalls, react to financial changes, and find contentment at various consumption levels. In the world of physical fitness, stretching improves physical flexibility, and that flexibility helps prevent muscle- and joint-related injuries. Similarly, maintaining proper financial flexibility helps cushion the financial blows life will inevitably throw your way (sudden expense, loss of a job, dog ate the tennis ball, etc). Flexibility in Contentment My friend (whose daughter bought the Bronco) discussed how she felt great discontent about driving around a used junker. I totally get it. All else equal, a cool new car is way better than an old junker! But all else isn’t equal. Namely, the price (or more accurately, the cost per mile) of the Bronco is way more than the used junker. We all know someone who fits this mold. They just have to have the nicest stuff. Well, it’s time to hit them with this all-timer of a quote: Look around you. All that stuff used to be money. And that money used to be time. The question becomes: are you content, fulfilled, happy? Different strokes for different folks. Some people need the fancy Bronco, while others despise spending hard-earned dollars on a depreciating asset. How much of your time are you willing to trade for stuff?! It’s a superpower to feel content and fulfilled at multiple spending levels. That line can’t be emphasized enough. Overspending is typically tied to the search for contentment. Very rarely is that contentment found behind the wheel of a car. We’re all different, and our “contentment flexibility” will vary depending on the topic. We each have areas of life where we say Hell Yes! and happily pay high prices. For you, it might be wine or nice dinners or dog toys. For me it’s squash rackets and books and high-quality baking ingredients. That’s the idea of bimodal spending. But if you can still be happy at various spending levels, your financial life is bound to improve. Flexibility

Are you ready to stay informed and make better financial decisions? Today, I have breaking news about significant changes to credit card fees that you need to know about. Over 45 million people charged late fees annually and now the : The Biden administration aims to alleviate debt burden on Americans. For that they have […] The post Changes to Credit Card Fees & What You Need to Know | Episode 120 appeared first on […]

Making your own meals may save costs and preserve your health from the harmful effects of processed foods. After someone asked a frugal community for … Read More I’m A Frugal Shopper: Always Cook These 11 Foods At Home

This is my 15th yearly retirement budget first quarter test since I retired young at age of 51. When I mentioned retirement budget challenges with every new year’s first quarter to a yet to retire pal, they had no idea what I was talking about. With that in mind I thought I’d elaborate in case … Continue reading Passing Another Yearly Retirement Budget First Quarter Test → The post Passing Another Yearly Retirement Budget First […]

Effective financial planning becomes more crucial than ever during times of economic uncertainty. A recession can bring various challenges, including job losses, decreased income, and financial instability. However, with careful planning and strategic management, individuals can navigate these turbulent waters and emerge with their financial well-being intact. In this article, we’ll explore the significance of effective planning in managing money during a recession. Understanding the Importance of Planning Recession can be a troublesome period. The […]