Here are 5 really smart things you can do with your tax refund that will really put that money to work for you in the long run! http://bit.ly/2lhwCrn
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Investing in a mentor for Wholesale
I may buy an Amazon share, not sure if its too high right now, but its an amazing business for sure.
Good stuff as always, thanks! How do you feel about getting a tax refund in the first place? I have been trying to pay attention enough to minimize my tax return so my hard earned money isn't sitting with the govt during the year.
Pay off my escrow balance and make higher payments towards my mortgage principal.
Does that 3 or 6 months emergency funds include a my rent too?
I put my tax return into a TFSA account.
learning and education
I have a question for retirement. would it be better to put into a mutual fund and manage my portfolio or in a life cycle fund that will automatically change over time?
Invest in EE Bonds And I Bonds?
Sound advice as always Phil. Here is another way that will free up even more money for Rule 1 investing. Lower your auto insurance! Yes, use your tax refund to set your deductible higher. Deductibles are what you pay before your insurance policy kicks in. By requesting higher deductibles, you can lower your costs substantially. For example, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage by 15% to 30%. Going to a $1,000 deductible (which I recommend) can save you 40% or more! You will use your tax refund you set aside to cover this higher deductible in case you have a claim. After a year or two, you will have replaced your tax refund for this with the savings. By then, you should now have your $1,000 Starter Emergency Fund in place and can take back all your tax refund used to lower your insurance deductible and pay down more debt or invest it the Rule 1 way! I did this 3 years ago and saved $700 per year on my premiums. That is now $2,100 I have to investing in my wonderful company when it goes on sale. 🙂
I don't get money back ????
I'm planning to boost my emergency fund !
Thank you!
i have a lot of questions. should i start a vending machine business?