Let me tell you a little history about myself. My House. I bought the house I wanted and then paid for it. I did not buy it brick by brick until I had a house. My Car. I bought the car I wanted and then paid for it. I did not buy it part by […]
I just read an article on yahoo finance about compound interest. The article was rather straight forward and basic. Don’t get me wrong, there is a need for such articles as so many people have almost zero financial education. In fact, I applaud them for the article. There are a few points that I would […]
The title of this article is taken directly from an article on yahoo Finance. Here at Henderson and Floyd we have been preaching this very thing for more than a decade, please notice earlier articles here, here and here. One the point of 401(k)s being a retirement plan we agree, but much of the rest […]
Are you interested in building wealth? Most likely you answered either “yes,” “YES,” or “&%$# YES” to that question. I have four rules that you need to follow. Here they are: A portion of everything you make (no less than 10%) is yours to keep FOREVER. Never put your money in a situation where you […]
I know I have posted several times about the ongoing hunt for taxes by cities, states and even the federal government. You might ask, why the obsession with exposing this hunt? Put simply, if you are not aware of it and start to resist new forms of taxes, it will not be long until you […]
Politicians are eager to give more money and benefits to people in a bid to be re-elected. As a result they hate raising taxes. How can they increase the amount of money government takes from its citizens without “raising” taxes? Find new things or ways to tax. The city of Chicago has graciously provided a […]
It has been a while since we added to this series. Not because there hasn’t been any examples to write about but rather because there have been too many and I have been suffering from analysis paralysis. Just recently it came to my attention that the state of California is going to further and further […]
This blog aims to empower the readers to make better financial decisions. One area that impacts our financial life possibly more than any other factor is taxation. The more you understand the tax code as well as what is being talked about behind the curtains in Washington DC, the better prepared you will be to […]
As more and more cities, states and nations get further and further in debt they are on the hunt for more revenue, i.e. taxes, regardless of the absurdity. Our series is showing how the “rich” are being redefined because governments only ever tax the “rich.” Here are two stories to illustrate what is going on […]
