I’d Hold High Income ETFs to Beat the SPY
The S&P 500 is wandering into uncharted territory as it looks to wander above the 6,500 mark going into the last four months of the year. It’s never been so concentrated at the top,…
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Is My Family’s Definition of Success Leading Me to Financial Mediocrity?
What does it mean to be financially successful? A Reddit poster is grappling with this question right now. As he explained, there’s a lot of focus on status rather than on quality of life…
I Owe $30,000 on My Car Worth Only $20,000 – How Can I Escape This Financial Mess?
One of the most aggravating aspects of buying a new car is that almost immediately after you drive it off a dealer’s lot, its value drops. There is virtually no exception to this, no…
I Wish I Hadn’t Spent So Much on New Cars – Here’s My Regretful Financial Journey
Many people have financial regrets, often from when they were younger and didn’t really understand the long-term impact of their choices. One Reddit poster is dealing with this issue right now and shared some…
I Regret Financing My New Car – What Are My Options for Managing Payments?
Many people who buy cars finance their new vehicles. In fact, Experian reports that the average monthly payment on a used car is $521 while the average monthly payment on a new car is…
I Will Receive $710/Month from Social Security, What Should I do With It?
When we think about Social Security payouts, our minds are immediately drawn to how retirees should spend the money. Whether it’s used to live on or as part of an overall income alongside a…
My Strata Elite Card Caused Travel Chaos – Should You Think Twice Before Getting One?
The Citi Strata Elite credit card is a pretty powerful high-end card when leveraged effectively. And while not everyone has had a good experience, such as this Reddit user who shed light on the…
I Have 8 Credit Cards – Am I Keeping Too Many or Should I Close Some?
It won’t come as any surprise that more and more Americans these days are carrying credit, as the use of cash has dropped below 20% of purchases. For this reason, it also won’t come…
Should I Invest $500,000 in QQQI and SPYI for the Next 40 Years?
The magnitude of enthusiasm surrounding higher-yielding covered call (premium income) ETFs has been strong among the retail crowd. And while the yields are above and beyond what you’d come to expect from an ETF…
I’m Selling My New Car Before Moving to NYC – Here’s How I Plan to Handle It
In a number of my prior pieces, I highlighted the real costs of vehicle ownership and how many may be at risk of underestimating the true costs (think the phantom costs that go well…
I Make $150,000 in Southern California But It Feel Like I’m Drowning Financially
It should go without saying that no matter how much money you make, it’s perfectly reasonable to feel stressed out about finances these days. This is especially true if you feel like you make…
I’m Approved for a Car Loan – How Should I Negotiate at the Dealership?
One of the most challenging things anyone can do is buy a car, which is arguably the most stressful purchase you can make, second only to purchasing a home. Between negotiating at different car…
Should I Trade In My $67,000 Jeep Wrangler for a $15,000 Infiniti and Eliminate Payments?
Everyone knows (or hopefully knows) that as soon as you buy a car and drive it off the lot, you’ve already lost a certain value of the vehicle. It’s a frustrating but true reality…
Should I Start Taking Social Security Now at 67 After Losing My Job?
The loss of a job later in life can be a tough blow. It’s never an easy thing to suddenly find yourself without an income. However, if you lose your job when you’re in…
With $1m in Retirement Accounts, Should I Pay Off The 2.75% Mortgage or Invest The Cash?
Trying to decide how to handle a large mortgage, whether through a balance or high interest rate, is something far too many people are trying to decide right now. As a home is generally…