Navigating the complexities of self-employment taxes can often be challenging. One common scenario for many self-employed individuals is overpaying taxes throughout the year. The good news is that if you’ve overpaid your taxes, you have the option to apply this overpayment to your next tax bill, effectively using it as a prepayment towards your future … Read more
As we step into 2025, many people are considering whether purchasing a new car is a wise financial decision. The reality is that buying a new car often comes with significant financial drawbacks, primarily due to rapid depreciation. According to data from Kelley Blue Book, a new car typically loses 20-30% of its value within … Read more
When it comes to choosing between the American Express Blue Cash Everyday Card and the Blue Cash Preferred Card, many might find themselves leaning towards the Everyday Card for one simple reason: its rewards structure aligns better with everyday spending habits. The Blue Cash Everyday Card offers 3% cash back at U.S. supermarkets on up … Read more
Investing $100,000 in various ETFs can yield significantly different dividend incomes, showcasing the diversity in investment strategies. For instance, putting that amount into $VOO, which tracks the S&P 500, would provide you with $1,240 in dividends annually. It’s a choice that offers stability and growth, reflecting the broad market’s performance. On the other hand, if … Read more
The Schwab U.S. Dividend Equity ETF ($SCHD) has demonstrated impressive growth in its dividend payouts over the decade, rising from $0.35 per share in 2014 to $0.99 in 2024. If this growth rate persists, projections suggest a dividend of $2.80 per share by 2034. With shares currently trading at $28, this growth highlights the power … Read more