TessMore Finance Blog

Studies show that Gen Z is focusing less on aggressively saving for early retirement and more on enjoying life in the present. This “soft saving” trend prioritizes quality of life and living in the moment over amassing savings. While resistance against hustle culture is good for mental health, not taking advantage of saving young could lead to serious consequences later in life. We agree that Gen Z faces tough economic challenges like lower wages and higher costs that make it difficult to save significantly. The high cost of living is seen as a major barrier to financial success by over half of Gen Z. Compared to previous generations, Gen Z also has lower retirement expectations and doubts they'll have enough savings. But rather than cutting back, the majority of Gen Z say they'd prefer a better lifestyle over extra savings. Many seem more interested in spending money on experiences than building up emergency funds or retirement savings. This attitude concerns some financial...

In early November, on his radio show, Dave Ramsey offered up some advice that was flat out wrong. A caller was asking about retiring early and safe withdrawal rates . A short clip was posted on Twitter/X by Marvin Bontrager in which Ramsey seemed to get upset and annoyed at one of his own team members, George Kamel, for offering up 3-5% as a safe withdrawal rate. (he called people stupid and morons and became visibly annoyed and almost angry during the clip) The crux of his argument is that 4% safe withdrawal rates are too low. He continued to say that if you can get 12% from the stock market you can safely take out 8%. Then he started calling people nerds and living their mom’s basement with calculators and saying 4% is stealing people’s hope. Then he, essentially, finishes by saying that a million dollar nest egg should create an $80,000 annual income perpetually . Table of Contents Beware When Experts Get Emotional 8% SWR on $1mm = 67.5% Failure Facts: A 12% Return is Not ...

Charge-offs on your credit report can sink your credit score and affect your ability to get a loan, credit card, or mortgage. It can also make it more difficult to get a job or rent an apartment. Most of the time, legitimate charge-offs on a credit report must be paid, but there are instances in which you may be able to get them removed without paying.  In this article, I’ll explain exactly what a charge-off is and give you some options for removing them from your credit report.   Table of Contents What Is a Charge-Off? How Does a Charge-Off Affect Your Credit?  How to Remove a Charge-Off Without Paying How to Initiate a Dispute with Experian How to Initiate a Dispute with Equifax How to Initiate a Dispute with TransUnion Wait For the Collection to Fall Off of Your Report Other Options for Removing Charge-Offs Pay the Charge-Off Amount Negotiate a Lower Payoff Amount Negotiate a Pay for Delete Deal Final Thoughts What Is a Charge-Off? If you ha...

ACH and wire transfers are two of the most common ways to send money from your bank account electronically. There are several differences between each delivery method, including delivery speed, cost, and transaction limits.  For example, you may need to send a final loan payoff by wire instead of ACH so the lender can receive a same-day payment. However, many apps may default to ACH transfers to minimize transaction fees. This ACH vs. wire transfer comparison looks at the advantages of each method and how each cash delivery option works. Table of Contents What Is an ACH Transfer? Examples of ACH Transfers ACH Processing Times ACH Transaction Limits  ACH Fees Is an ACH Transfer the Same as a Direct Deposit? Is ACH and Zelle the Same? Is PayPal an ACH Transfer? What Banks Accept ACH Transfers? What Is a Wire Transfer? Examples of Wire Transfers Do All Banks Accept Wire Transfers? Wire Transfer Speeds Wire Transfer Fees Wire Transfer Limits ACH Transfer...

Is email marketing still worth your time and resources in 2023? With IWT boasting over 800,000 email subscribers, it’s more than just a part of my business — it’s the backbone of my marketing strategies.  Email marketing provides a direct, cost-effective way to engage with your audience, boost sales, and create lasting relationships. In fact, […] Source from I Will Teach You To Be Rich https://ift.tt/v5Imps9

No one would hold it against you if you’ve never heard of CIBC Bank but chances are you don’t live in Chicago. Until very recently, I hadn’t heard of them before. But they’re a real bank with a real bonus that only requires you to make a sizable deposit into the account before the deadline. We will first discuss the bank itself (yes, they are FDIC insured!) and then the terms of the deal – which are quite attractive. Table of Contents Who is CIBC Bank USA? How to get up to $500 from CIBC Bank USA How Does This Offer Compare? Who is CIBC Bank USA? CIBC Bank is a 150-year-old bank based in Toronto, Canada; but their Chicago headquarters has been around since 1867. They are FDIC insured ( FDIC Cert #33306 ) so your money is perfectly safe there. They started as The PrivateBank and Trust Company but were acquired in June 2017 by the Canadian Imperial Bank of Commerce (CIBC) and operates as CIBC Bank USA. They were publicly traded on the Nasdaq before the acquisition and they h...

When you need cash, an ATM machine is usually the easiest way to get it. But there’s another option. You can also request cash back from the cashier when you’re out shopping. Depending on how much money you need, that may be the most convenient option. But how do you know which stores offer cash back on debit card purchases, and how much cash can you take? After all, every retailer sets their own policies and limits. To help, we’ve compiled a list of stores that give cash back with purchases. Table of Contents Why Shop at Stores That Give Cash Back? Grocery Stores That Give Cash Back Convenience Stores That Give Cash Back Pharmacies That Give Cash Back Other Stores That Give Cash Back List of Stores That Give Cash Back on Purchases Final Thoughts FAQs Why Shop at Stores That Give Cash Back? Debit cards offer several advantages. For one, they ensure that you are using your own money when you shop, and not borrowed funds. In fact, some debit cards can help you build ...

I’ve been saving into Series I bonds for quite some time but it wasn’t until the last few years that we’ve seen some eye-popping rates out of Series I bonds. I got in on the fervor a few years ago when inflation was running hot and we saw Series I bonds offering inflation rates of 3.56%, 4.81%, and 3.24%. Of course, they came with fixed rates that were 0.00% – but they still put Series I bonds rates into the stratosphere. But with inflation slowing down and inflation rates going down, a lot of those Series I bonds no longer sport lofty interest rates. (if you have a 0% fixed rate bond, your current interest rate is simply 2 times the inflation rate) The question now is, given the penalty rules for Series I Bonds, should you redeem them or hold them? Or redeem them and re-buy back in now that fixed rates are higher? Table of Contents Series I Bond Withdrawal Rules Refresher How to Review Your Series I Bonds How Much Interest Do You Give Up? Should You Cash Out Your Bonds? Wha...

Welcome… By reading this Ultimate Guide you’re already taking the first steps on your journey to a Rich Life. This is only an introduction to the ideas and material you’ll find inside IWT. I started this site in 2004 while I was studying technology and psychology at Stanford. I’ve spent the time since testing and […] Source from I Will Teach You To Be Rich https://ift.tt/29BRQ5N

We’ve all spent hours watching videos on YouTube. Whether it’s travel, home improvement, educational, or just funny videos, YouTube’s free video selection seems endless. But what many don’t realize is that YouTube also has an online streaming service called YouTube TV. And depending on your viewing habits, you might find YouTube TV to be an attractive choice among popular cable TV alternatives . In this YouTube TV review, I’ll explain how the streaming service works and how it compares to other popular streaming platforms. Table of Contents What Is YouTube TV? YouTube TV Pricing Base Plan Spanish Plan NFL Sunday Ticket Plan YouTube TV Add-Ons YouTube TV Trials and Discounts Cancellation Policy YouTube TV Channel Lineup Cloud DVR Required Equipment Household Sharing Multiview YouTube TV Pros and Cons Pros Cons YouTube TV Alternatives Sling TV Hulu With Live TV FuboTV YouTube TV FAQ Is YouTube TV Worth It? What Is YouTube TV? YouTube TV is a st...