TessMore Finance Blog

In today’s digital age, online savings accounts have gained significant popularity as a secure and convenient way to save money.  Whether you’re saving for a specific goal, building an emergency fund, or simply looking for a higher interest rate on your savings, online savings accounts offer a range of benefits. Here are my picks for […] Source from I Will Teach You To Be Rich https://ift.tt/yFQtPzj

Near the end of 2023, Mint announced that they were closing up shop by March of 2024. For years, I’d used Mint in my early to mid-twenties to help me manage spending. Budgeting is a key component of responsible money management and Mint made it super easy. Over the years, I focused more on investing and wealth building (but still keeping a budget, just not spending as much time on it) and turned to other tools as I “matured” financially. I was still surprised when I got the email that Mint decided to shut down and migrate folks over to Credit Karma. I’ve long been a fan of Credit Karma because they offered legitimately free credit scores. You can to contend with the advertisements but I was OK with that, companies need to make money so they can continue to offer free products and services. It’s how Mint kept the lights on… until, I suppose, it wasn’t doing well enough. The big question for many users was where would they go? Mint suggested Credit Karma, their sister brand/company,...

Roth IRAs are a relatively recent addition to the lineup of tax-sheltered retirement plans, only coming into existence in 1998 . Since then, they’ve become very popular. That’s because Roth IRAs provide unique tax advantages that you can’t get with any other retirement plan. So what is a Roth IRA, and should you include it in your retirement portfolio? We answer those questions and more in this article. Table of Contents What Is a Roth IRA? Traditional IRA vs. Roth IRA: Similarities and Differences Roth IRA Tax Considerations Roth IRA Participation Income Limits Required Minimum Distributions (RMDs) Who Is Eligible to Open a Roth IRA? Roth IRA Pros & Cons Pros: Cons: Where to Open a Roth IRA Should You Open a Roth IRA? What Is a Roth IRA? A Roth IRA is an Individual Retirement Account that provides unique income tax benefits. Though your annual contributions to a Roth IRA are not tax deductible, the investment earnings accumulated within the plan are tax-deferr...

While you definitely need a spending plan, it’s never one-size-fits-all. The key to building financial health is to give yourself rules, but make them work for you. I did it. I’ve put together my 10 money rules that helped me create the life I want to live. I encourage you to take them and tailor […] Source from I Will Teach You To Be Rich https://ift.tt/yaDNYoR

If you have space on your property and want to make money, growing Christmas trees is worth considering. Here’s how to start a profitable Christmas tree farm. The post Resources and Tips for a Profitable Christmas Tree Farm appeared first on Part-Time Money . from Part-Time Money https://ift.tt/Mz6tnuj

The end of the year can be a hectic time. You have the stress of the holidays, probably quite a bit of travel, plus a mix of revelry and fun… so it’s understandable that the last thing you’d want to think about is your finances. But with the year coming to an end, there’s a huge difference between something happening on December 31st and something happening the very next day. To recap, when you file your taxes next April, it covers everything from January 1st, 2023 through December 31st, 2023. If it happens on January 1st, 2024, that’s not something you’ll have to deal with until April 2025. And given interest rates, getting a deduction earlier or getting income later can mean a big difference taxwise. So, what are the things you need to do before the year ends? Table of Contents 1. Tax Loss Harvesting 2. Accelerate Deductions 3. Donate Appreciated Stock to Charity 3a. Use a Donor Advised Fund 4. Rebalance Your Portfolios 5. Review and Update Beneficiaries & Estate ...

Starting a podcast can seem daunting, especially if you’re not particularly tech-savvy. On my podcast, “I Will Teach You to Be Rich”, I’ve navigated these waters and understand the intricacies involved in creating a podcast that resonates with listeners. To help you embark on this exciting journey, I’ve distilled my experience into ten essential steps. […] Source from I Will Teach You To Be Rich https://ift.tt/0I4TMXr

Now, before you start thinking this is another ‘get rich quick’ spiel, let me stop you right there. I’m not here to sell you dreams; I’m here to talk strategy. As someone who’s navigated these waters (with over 288,000 subscribers to show for it), I’m going to give you my straight-up, no-nonsense, no-BS guide on […] Source from I Will Teach You To Be Rich https://ift.tt/FzZqc9k

In this guide, I’m going to walk you through the real, no-fluff steps to becoming a business owner. We’ll bypass the myths and dive straight into actionable, proven strategies. Whether you have a spark of an idea or a fully-fledged concept, it’s time to turn that into a business that thrives. New to IWT? Watch […] Source from I Will Teach You To Be Rich https://ift.tt/ZyEdGVW

Emma Chamberlain is a famous Youtuber and social media personality who has over 12 million Youtube subscribers and nearly 16 million Instagram followers. She’s parlayed that into a coffee company, Chamberlain Coffee. A few weeks ago, she went on Colin and Samir , a fantastic Youtube show about creators, and she shared something you might find wild – she hasn’t looked at her bank account in years . I invite you to listen to the part of the interview where she discusses it: It’s important to note that while she doesn’t look at it herself, she has an infrastructure in place. It’s not that she’s willfully ignoring her finances, she has hired people to do it for her. That said, it’s still (and she admits this) insane that she lives this way. As an aside, it’s fascinating that she set this up so that the numbers won’t impact or influence her negatively. But this begs a broader question – how often should you be looking at your finances? Table of Contents How often should y...

Whether you’re on a no-spend weekend or simply interested in saving a buck, there are plenty of fun things you can do without spending a dime.  Whether you’re interested in planning a solo activity or spending time with a group, we’ve put together a great list of ideas to keep you busy without hurting your bank account . Table of Contents Ways to Have Fun For Free 1. Have a Picnic in a Park 2. Go for a Hike 3. Attend a Free Outdoor Concert 4. Take Advantage of Free Admission Days 5. Have a Garage Sale 6. Visit a State or National Park 7. Rearrange a Room 8. Clean Up a Park 9. Declutter a Room 10. Visit a New Town 11. Create a Goals Plan 12. Spend Time With Family or Friends 13. Go Through Old Pictures or Videos 14. Visit the Library 15. Try a New Gym 16. Sing Karaoke 17. Plan a Binge TV or Movie Night 18. Play Games 19. Visit the Farmers Market 20. Go For a Bike Ride 21. Camp in the Backyard 22. Plan a Star-Gazing Night  23. Listen to Music 24. Pl...