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Month: December 2017

7 Ways to Make Money With Your Body Legally

7 Ways to Make Money With Your Body Legally

There’s a lot of side hustles out there, but here’s a bunch of low activation or high-paying ways to make money with your body legally. Fun times. Get Paid to Poop!  In Boston, there’s a center accepting poop for $40 per donation. You have to commit to going 3 times a week for 60 days, but hey, it’s something you were going to flush down the toilet anyway – why not get paid to do it? That’s $480 a month,…

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Vanguard Target Retirement Funds vs. DIY Admiral shares

Vanguard Target Retirement Funds vs. DIY Admiral shares

If you’re a beginner or a passive investor, you want a diversified portfolio so you can passively invest and not have to worry about it. If you’re not keeping your eye out on the market, you probably want to be a passive investor. If you’re in a low tax bracket, it might not be worth it for you to do tax loss harvesting manually. If you’re putting your money in Vanguard, you’d have to do your tax loss harvesting manually,…

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FI/RE for Non-US residents: Currency Hedged SP500 Funds

FI/RE for Non-US residents: Currency Hedged SP500 Funds

The other day I was on Reddit and someone had said his advisor told him there weren’t any ways to hedge against a USD ETF. This particular person’s home currency was the Euro, which is why I was so annoyed at the advisor. This was immediately a red flag, as most advisors should be aware of such a product, or at least be able to Google it and see an answer on the first page of their search. If you want…

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Costco – our favorite money saver for food!

Costco – our favorite money saver for food!

On Christmas Eve, we went to Costco, in an effort to start our year off right in terms of savings. Happy holidays for savings! I’d say Costco is great for non-perishables that you don’t need to put in the fridge. Even some perishables, like cakes and pies are very cheap and some meat, like the rotisserie chicken and marinated chicken wings are a really good deal. For perishables such as the cakes or 5 pound chicken wings, I usually separate…

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i401k or SEP IRA: An extra $54,000 in tax advantaged retirement accounts a year

i401k or SEP IRA: An extra $54,000 in tax advantaged retirement accounts a year

If you’re self-employed or have a side hustle, you have the best retirement accounts available to you. A normal 401k has a contribution limit of $18,000, with an additional $6,000 in catch-up contributions if you’re 50 and older for the year of 2017. For an IRA, your maximum contribution is $5,500, with an additional $1,000 catch-up contribution if you’re 50 and older. For the long-term, I’d recommend a Individual 401k (i401k), with one small exception. If you just started your…

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Hustle in your 20s to be financially independent in under 10 years

Hustle in your 20s to be financially independent in under 10 years

You’re awake for 16 hours a day, 112 hours a week. What do you do with your time? Throwing around some numbers, it’s around an hour a day to eat, an hour at the gym 5 times a week to stay healthy and active, an hour a day for your commute, 8 hours a week to hang out with your friends, roughly 30 minutes a day on hygiene related activities (bath, shower, brushing teeth, floss, etc). If we assume you’re…

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Spend less than 2 hours and $40 making your entire week’s meals

Spend less than 2 hours and $40 making your entire week’s meals

I bet if you made your own meals at home in one go, you’d not only save on dollars, you’d save a ridiculous amount of time too. I take 2 hours to meal prep for the week, so that comes out to 17 minutes a day I “spend” on making food. Back when I used to eat out all the time, I probably spent 20 minutes going down to my cafeteria and getting some breakfast. For lunch, I’d either go…

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Make a few thousand dollars by saving for an emergency fund or moving it around

Make a few thousand dollars by saving for an emergency fund or moving it around

According to Vanguard, 60 percent of Americans don’t have enough saved up to last 3 months. I shudder to think of what the number is when it comes to 6 months. Given that we’re 10 years past the last recession, we’re due for layoffs soon — No, I’m not one of the people who call for a market dip every year, but sometime during your working life, you will most likely be laid off. Plus with all the continued automation and…

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Spend ~$40 on groceries a week and live extravagantly

Spend ~$40 on groceries a week and live extravagantly

Most people can’t tell you how much they spent on food in the last month. Can you? I firmly believe that anything you don’t track leads to inflated waste. Your mind is wired to love instant gratification, and will push that extra $5 you spent on your latte or the $20 takeout you order multiple times a week to the back of your mind. Those expensive meals from fast food restaurants or gourmet restaurants cost 4 times + the amount…

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Tax Loss Harvesting for newer investors

Tax Loss Harvesting for newer investors

Every year, the IRS allows for $3,000 of tax losses on securities. Any losses higher than $3,000 are rolled into later years. But why would one want to have losses on their securities? We’re here to make money right? Well, some brilliant person many years ago realized that you could artificially have tax losses by buying and selling correlated pools of securities (ETFs, indexes, mutual funds). I’m 25, and plan on being FI/RE by 35. As a conservative assumption, I’ll…

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