Money Matters

Ever wonder how the wealthy manage to keep their tax bills so low? Here’s your insider look at some of the tax strategies and loopholes that the rich exploit to minimize their taxes. This isn’t just theory—it’s actual tax code and law in action. #1. Real Estate Professional Status Under IRS code, declaring oneself as … Read more

Despite a miserable view of the economy, Americans are spending like never before. From retail therapy to essential services, customer behavior just isn’t making sense. But what’s driving this surge in spending when the economy seems so bleak?  A Pricey Pandemic During the pandemic, Americans trapped inside turned to online shopping for everything from luxury … Read more

California’s rental market is taking a nosedive, with major cities seeing huge drops in rent prices.  California Rents Take a Dip According to Zumper, an online rental platform, it could be time to move to California.  California Renters Rejoice Plunging rents across the state means that what was once a super expensive place to live … Read more

Think buying a new car is a smart choice? Prepare to have your mind blown—here’s why that new car smell might be the only good thing about it. #1. Immediate Depreciation The moment you drive a new car off the lot, it loses up to 20% of its value. That’s like throwing thousands of dollars … Read more

Even celebrities make bad investments. Here are 20 times their financial gambles went terribly wrong. So, if you’ve made some mistakes, you’re not alone. #1. Kim Basinger’s Town Purchase Kim Basinger bought the town of Braselton, Georgia, for a staggering $20 million, aiming to turn it into a film production hub. She sold it for … Read more

Credit cards can feel like a lifesaver, but they can also tie you to a never-ending debt cycle. Are you aware of what your credit card company isn’t telling you? #1. Interest Rates Can Skyrocket Unexpectedly Sure, that introductory rate sounds unbeatable, but credit card companies can hike up your APR after the promotional period … Read more

If you’ve been thinking about moving to New York you may want to reconsider, following a new report from a real estate broker.  Cash is King The Big Apple’s real estate scene has hit a new level of exclusivity, with high mortgage rates pushing out everyone except the richest buyers. The latest trend? Buying homes … Read more

Wake up, shopper! Big companies are using sly tricks to pry open your wallet and keep you spending. Ever feel like you can’t leave a store without spending twice what you planned? You’re not alone. Here’s the truth behind their tactics. #1. Sale Signs Everywhere Think that “Sale” sign means you’re saving money? Think again. … Read more

In the realm of personal finance, tax strategy can be as competitive as any sport, with some states offering the playing field to prove it. If keeping more of your paycheck sounds appealing, here are the states where tax avoidance is practically a local pastime. #1. Alaska The Last Frontier offers no state income tax … Read more

In the land of the free and the home of the brave, conspicuous consumption reigns supreme. But let’s cut through the hype—here are 20 luxury items that are more about flaunting wealth than providing any real value. #1. Designer Water Bottles Paying over $100 for a bottle that holds water? Stick to a regular reusable … Read more