Grow your money

01/23/2025

Most often the term "trust fund" it's associated with wealthy people, but that doesn't have to be the case. You can create your own trust fund to help your family down the road.
Say you have 3 kids you want to make investments for them so they'll have something later in life. You may be better off investing that money as a whole in a mutual index fund under a revocable trust rather than invest all 3 amounts separately.
The 3 amounts you would have allocated will earn better interest when invested as a whole. Also, thru the trust, you can set limitations and guidelines as to how the money is used in the future.

Read more about how it works here:
How to set up a trust fund in 5 steps https://search.app/MLtnfwhzASkeBStq8

12/12/2024

This time line really puts things in prospective...
I've done the research so you don't have to. But don't take my word for it, use this calculator from Nerdwallet to do your own research into how much you need to invest for your future.

https://www.nerdwallet.com/calculator/investment-calculator

12/08/2024

The government calls it a social security "benefit" when it is in fact your money they have taken from your check each week all your life and gambled it in various ways to earn from your money. It's not a benefit. It's your money they need to return to you...

These are Hypothetical figures but as you can see, theres not much to gain by betting against yourself on how long you will live vs when you begin taking your social security.
The earliest legal age is 62. I'll be taking mine at 62 if I make it that far...

12/07/2024

Don't forget to fill out your government over reach form by December 31st or they may fine you up to $500 each day it hasn't been filed....

Beneficial Ownership Information Report (BOIR) is required by the Financial Crimes Enforcement Network (FinCEN) and applies to most U.S. businesses. The deadline for filing is January 1st, 2025, and failure to file can result in penalties of up to $500 per day - don't wait, file with us now!

12/03/2024

All the advice being posted here on Facebook and TikTok about distancing yourself from your LLC with different addresses and phone numbers, ect has now become pointless with the latest form of government over reach.
Be sure to file your BIOR by December 31st or they may fine you up to $500 each day it hasn't been filed.... Yay.

https://www.boirusa.org/?gad_source=1&gclid=CjwKCAiA9bq6BhAKEiwAH6bqoFf10bDduMCs2YF42hNb19O4mT4HUUEvgMWLFJaWx2wjs40dpg9kjhoCW2EQAvD_BwE

12/03/2024

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12/02/2024

11/29/2024

This is solid advice for 1099 contractors to save you money on taxes

https://youtu.be/zUjWY_GYVWo?si=uL9iyffFl_-ecjM2