Your credit rating (or credit score) gives lenders an idea of how risky you are to lend to. But different bureaus use different credit rating scales. We’re going to take a look at the most common scale, FICO and show you how these little numbers can impact your ability to live a Rich Life. If your credit score is high, expect great interest rates on home loans, near-universal approval for credit
A 401k is one of the most powerful investment vehicles for retirement — and it’s IWT’s favorite thing ever for several reasons: With all these awesome benefits though comes a cost: You can’t withdraw any of it until you hit the age of 59 ½. If you do, you’ll be subject to taxes on your withdrawal as well as a 10% penalty from the federal government. This, my friends, is
A great service business idea unlocks the door to unlimited earning potential.This isn’t hyperbole. Here at the ‘Lab, we’ve helped thousands of students earn between five and seven figures more by finding good service business ideas using skills they already had, resulting in a perfect match for them.In this post, I’m going to walk you through what a service business is, and how to create a service business idea list
Hey, Ramit here. As a NYT bestselling author who’s helped over 50 million readers and 50,000 clients build online businesses, I’ve seen what works (and what doesn’t) in the ever-changing digital world.In this guide, I’m sharing the 12 most profitable online businesses you can start in 2024. These tried-and-true models are primed for success, and I’ve even included a net income calculator so you can see your earning potential right
Fact: Taxes are confusing — and it doesn’t help that there are so many myths that swirl around the subject. It makes sense though. The subject is LOADED with heated beliefs and emotions. However, knowing how to separate fact from fiction is crucial to avoiding an audit and penalties, and making sure taxes aren’t a source of stress. I believe taxes shouldn’t decide your rich life for you. Let’s debunk
The inverted yield curve is a graph that shows that younger treasury bond yields are yielding more interest than older ones. And it’s TERRIFYING for financial pundits all over the world. It’s a graph that could mean the difference between a thriving bull market or the downswing of a bear market. AND it’s been known to throw entire economies into a state of abject terror and chaos. Want to see what
Sometimes it’s worth it to spend money. For example, what if you could buy time? Think about it. If you had an extra hour in your day, what would you do with it?Pick up a new hobby?Learn a new language?Find new ways to make money?What if you had two extra hours, or even three? What would you do then?To most, even an extra half hour in the day can seem
Studies made up by me have shown the average entrepreneur spends 90% of their lifetime writing emails; with so much time spent writing emails, entrepreneurs should know how to write good ones without overused words and phrases… right?*crickets*That’s fine, because in this post I’m going to show you the absolute worst, cliche things you should avoid at all costs when writing emails (AND alternate phrases that make people not hate
David Domzalski was just beginning to process the ultrasound images of his first son when his wife told him that she wanted to be a stay-at-home mom. This meant becoming a one-income house, and that meant their debts would take longer to pay off. It also meant the young family would soon be house poor. House poor means that the majority of your income is going towards your home’s mortgage, utilities, repairs,
Having spent nearly two decades guiding over 60,000 individuals on the path to their richest lives, I understand that running a successful small business is one vital part of that journey. Today, I’m sharing a curated list of 30 tried and tested tools for small business owners, from productivity and project management to marketing and finance. These solutions can empower you to save time, increase efficiency, and potentially reduce operational costs. Let’s
