Bonus Bits – Week of 03/14/22

Good morning! Here are this week’s bonus tips and nuggets from around the community. To get these every day in your inbox, sign up to our daily newsletter where you’ll see these faster, as well as our top 3 curated articles every day!

👉 It’s Not All or Nothing

We tend to see the world in black and white. The retirement decision is often viewed this way. You can choose more money, security, and prestige that come with staying in a career. But you risk sacrificing health, relationships, and other dreams.

On the other hand, you can choose a life of boldness and connection. But your future self may regret not having more money and the options money can provide. And it may be too late to do a lot about it because of earlier decisions.

Either argument has validity. Maybe instead of choosing black or white decisions that are diametrically opposed and can leave us with regrets, we need to learn to appreciate the different shades of gray. 

Instead of asking “Can I Retire Yet?,” we should ask better questions. What degree of financial independence do you already have? How can you start using that today to build a life that you won’t regret?


👉 New book coming out in the community: “Cashing Out” By Julien and Kiersten Saunders of

cashing out book

Cashing Out offers a revolutionary financial and career path to break free from corporate America’s grasp, make peace with your finances, and build wealth on your own terms.

When it comes to our finances, we’re told to follow the same script: work hard, make money, save, and invest. Sounds simple, right? Yet despite putting in twice the effort, you end up making less than your White colleagues and are routinely passed up for career opportunities, all while navigating microaggressions and racist hiring practices in the workplace.

Here’s the truth: financial freedom is within your reach, but playing by corporate America’s rules will only take you halfway there. To win, you must eventually walk away from their game—and take up an entirely different model of wealth accumulation.

Cashing Out is your roadmap to financial freedom despite the broken system. You don’t have to sacrifice your time and mental health to maximize income. Instead, financial experts Julien and Kiersten Saunders show how to design a life that allows you to enjoy the little things now while setting yourself up for future financial security. 

Learn more/Pre-order:

👉 Debt Jubilees: a 4,000+ Year History

Debt jubilees date back at least 4,000 years to ancient Sumer, Babylon, and other areas of western Asia. In ancient times, debts were often about crop harvest outcomes. Farmers would rack up tabs with various counterparties throughout the year and pay them off at harvest season, but if the harvest failed for one reason or another, the farmers would be financially destroyed. When they were unable to pay their debts, they would generally lose their land to their creditors, and if that didn’t cover it, they might be forced into slavery to their creditors for a period of time.

If that happens enough times to enough people, it eventually becomes destabilizing at the whole societal level rather than just the individual level. So, kings would often use decrees to forgive certain types of debt and servitude, restoring freedom or land and resetting things for another several decades. Otherwise these societal imbalances tend to cleanse themselves with more violent revolutions, with the many poor vs the few rich.

👉 The Saver’s Credit: An overlooked tax boost

The Saver’s Credit is a non-refundable tax credit that could be applied up to the first $2,000 of contributions made to a traditional or Roth IRA, an ABLE account (for people with disabilities), or a 401(k), 403(b) or similar employer-sponsored plan.

“Non-refundable” means that the credit can’t be more than a filer’s federal income tax that year.  The maximum is $1,000 for individual filers and $2,000 for married couples if they file jointly.

You must be 18 or older, not a full-time student and not claimed as a dependent on someone else’s taxes. You must also have contributed to a retirement plan. And you must meet the adjusted gross income guidelines:

  • Single filers: No more than $33,000 AGI in 2021 and $34,000 in 2022
  • Heads of households: No more than $49,500 AGI in 2021 and $51,000 in 2022
  • Married filing jointly: No more than $66,000 AGI in 2021 and $68,000 in 2022 

Please share this information with family and friends you think could benefit.

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