Author: TeachFI

6 Things To Shop Around For When Buying A Home

1) Real-Estate Agents 2) Mortgage Lender 3) Title Company This is basically the law office that is going to mediate the transaction between the buyer and seller. Sometimes you can shop for this service and sometimes you can’t. It depends on your mortgage lender and your real-estate agent. You can and should ask what each…

Why you should stop buying NEW stuff!

To be clear, we are not saying to stop buying stuff. Contrary to popular belief, Financial Independence does not mean you have to stop spending entirely or even allocate every penny toward retirement. Instead, we believe in becoming more intentional about our purchases, spending on things that will bring true value to our life. As…

What’s in your retirement portfolio?

[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] What to invest in? Jack@TeachFI’s Portfolio: How Do We Keep Track? We generally rebalance as we add new money to our portfolio using columns I & J as guidance; however, we also…

Book Review – Taxes Made Simple: Income Taxes Explained in 100 Pages or Less

I’ve filed my own taxes (using tax software for convenience compared to the paper forms) for about six years now. Mike Piper and I agree that there are huge benefits in learning the basics of filing your taxes. I know there were for me. Not only did I save money by not hiring out, but I also learned how to maximize the ROI of my investments and lower my overall tax burden. I am confident reading his book and/or using google/forums as you file on your own will allow you to make more informed decisions about your financial planning, which will, in most cases, also result in a lowering your effective tax rate.

Filing taxes and reducing your taxable income.

[Editor’s Note: This is an independent post written by Jack. This post contains affiliate links. Please read our disclosure for more info.] Tax Software: Firstly, if you haven’t tried filing your own taxes I recommend you take the plunge! Most tax situations just aren’t that complicated and can quickly be done with the aid of…

Book Review – How to Think About Money

How to Think About Money Clements, J. (2016) How to Think About Money. Author. Category: Money Recommended Financial Literacy Level: [Novice] Recommended Audience:  A great entry-level book for those just getting started on their journey toward financial independence. “First and foremost, money buys time and autonomy. Secondarily, it buys experiences. Last, and least, it buys stuff,…