Jim Wang

Why I Don’t Care About Our Home’s Market Value (Nor Should You)

Jim Wang |  Best Wallet Hacks

Everyone seems to think that a higher home value is better. But unless you’re selling your home, higher home values means you pay more for a lot of different things in ways you probably didn’t anticipate.

The Augusta Rule 280A Tax Loophole

Jim Wang |  Best Wallet Hacks

If you rent out your home for 14 or fewer days a year, you do not have to pay taxes on this income. Here’s the kicker – it doesn’t matter how much rental income you bring in.

What To Do During a Credit Score “Cheat Day”

Jim Wang |  Best Wallet Hacks

If you don’t need your credit score for a loan, it’s really not that important. You may want to consider a credit score cheat day!

Are You Ready to Retire? Probably Not

Jim Wang |  Best Wallet Hacks

Retirement isn’t the end of work. It’s simply the end of being required to work. This is more of a mental transition than a financially driven one.

How I Use These 7 Cognitive Biases to Improve My Money & Life

Jim Wang |  Best Wallet Hacks

We all have cognitive biases. This is why habits are so important. They’re like biases in your behavior that you put into place on purpose.

How to Build Financial Flexibility Into Your Life

Jim Wang |  Best Wallet Hacks

The idea I take from FIRE is that by saving aggressively and investing prudently, you give yourself options. It’s all about financial flexibility.