Author Archives: Rich In The Heart

Median income, a false statement perhaps

I think that the statement that one is above or below the median income, can be a very deceiving way to view things. It is one measure – no doubt a good comparison like the traditional thought of tax paid … Continue reading

Posted in budget, economics, Income Tax | Tagged , , | 1 Comment

Coffee prices due to increase, potentially

I heard the folks on the radio talking this morning about a problem with Arabica Coffee bean problems. Evidently there is a coffee fungus spreading throughout Central America that is devastating crops. They also said that this will impact prices … Continue reading

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Website finally starting to generate more AdSense revenue

My website was finally starting to pick up it’s AdSense revenue. While I was a little surprise by the amount it went up, it almost falls inline with the fact that I’ve added 3 AdSense entries onto the website this … Continue reading

Posted in CustomerService, Income or Pay | 1 Comment

Millennial generation is not well informed when it comes to credit scores

I just saw some folks talking on the talk show Cavuto, and they were stating Millennials do not no how to use credit scores to their advantage or what benefits there are to having a good credit score. My question … Continue reading

Posted in budget, budgeting, Goals | Tagged , , | Leave a comment

Target Networth or Target Debt Reduction

First let me apologize to those folks that follow my blog, since I have gone through some very difficult family times recently with the passing of both my father and my father-in-law, all within the month of April &ellipse; not … Continue reading

Posted in budget, economics, Financial Arsenal, networth, Retirement Savings | Tagged , , , | Leave a comment

Making the choice to pay more taxes … just to pay more taxes

That thought is the VERY first thing that entered my mind when our esteemed Senator Ray Lesniak suggested that we need to raise the gasoline tax by 5 cents per year for the next 3 years, so that we can … Continue reading

Posted in budget, economics, politics | Tagged , , | 1 Comment

Your biggest expense should be you!

Your biggest expense should be for your future self for the first 5 years. The younger you are, the easier and better it is for you to take 50%-60% of your paycheck and put it away. Imagine being 19, 20, … Continue reading

Posted in budget, budgeting, Financial Arsenal, financial directive, Goals, Income Tax, networth, Retirement Savings, spending plan | Tagged , , , , | Leave a comment

Pay less taxes than you put into an IRA

Let’s see how a person could pay less taxes than they put away into an IRA (or 401k). We will use a simple scenario of a single person with a gross income (including interest earned) of $29,500 or less. You … Continue reading

Posted in 401k, Financial Arsenal, financial directive, Income Tax, IRA, thrift savings plan, tsp | Tagged , , , , , , , | 1 Comment

High yield savings doesn’t exist … think again

High yield savings accounts do exist in some regional areas. I just heard the other day on the radio of a bank that will pay you $20/month if you make X electronic deposits per month. They didn’t mention any specific … Continue reading

Posted in brokerage, Financial Arsenal, spending plan | Tagged , , | 1 Comment

Net worth as of Jan 2014

Here is my our net worth report for January 2014. I just checked our net worth and this is what I found: growth by 125% from the same time 1 year ago growth by 23.4% from 9 months prior growth … Continue reading

Posted in 401k, Financial Arsenal, financial directive, networth, Retirement Savings, Roth IRA | Tagged , , , , , , | 4 Comments