My Money Wizard

Twitter: @moneywizardblog
Country: United States
Rank in the All-Star Money Directory: #16

Why Holding REITs in Your Roth IRA Is an Awesome Loophole

Sean  |  My Money Wizard

In a Roth IRA, you don’t have to pay taxes on your investments’ earnings. So in the case of a REIT, instead of your dividends getting taxed at 24%, they get taxed a big fat 0%. But it gets better…

Money Zombies: The Stuff of Financial Nightmares

Sean  |  My Money Wizard

There are certain purchasing decisions whose costs continue for years because of one initial decision. I call these things money zombies. They’re expenses that just won’t die.

This Vintage 1970s LIFE Magazine Shares Tips to Beat Inflation

Sean  |  My Money Wizard

They say those who don’t learn history are doomed to repeat it and the best way to learn about the future is to study the past. So I paid $4 to share a 1970s history lesson about inflation with you.

The 3 Reasons Why I Don’t Count My House in My Net Worth

Sean  |  My Money Wizard

After all this home equity bashing, you might be thinking the house is worthless. Far from it! This subtle distinction highlights the importance of tracking two numbers: overall net worth and monthly cash flow.

How to Create a Savings Explosion

Sean  |  My Money Wizard

To be set for life, you really only need to save seriously for 3-4 years. From there, it’s just simple math dashed with a small dose of patience.

Mark Cuban’s 9 Rules to Getting Rich

Sean  |  My Money Wizard

If you’re a true adventurer and you really want to throw the Hail Mary, you might take 10% and put it into Bitcoin or Etherium. But if you do that, you’ve got to pretend you’ve already lost your money.