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#Personal finance
bitchesgetriches · 15 hours
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{ MASTERPOST } Everything You Need to Know about Investing for Beginners
Fundamentals of investing:
What’s the REAL Rate of Return on the Stock Market?
Do NOT Make This Disastrous Beginner Mistake With Your Retirement Funds
The Dark Magic of Financial Horcruxes: How and Why to Diversify Your Assets
Dafuq Is Interest? And How Does It Work for the Forces of Darkness?
Booms, Busts, Bubbles, and Beanie Babies: How Economic Cycles Work
When Money in the Bank Is a Bad Thing: Understanding Inflation and Depreciation
Investing Deathmatch series:
Investing Deathmatch: Managed Funds vs. Index Funds 
Investing Deathmatch: Traditional IRA vs. Roth IRA 
Investing Deathmatch: Investing in the Stock Market vs. Just… Not 
Investing Deathmatch: Stocks vs. Bonds 
Investing Deathmatch: Timing the Market vs. Time IN the Market
Investing Deathmatch: Paying off Debt vs. Investing in the Stock Market 
Investing Deathmatch: What Happens in a Bull Market vs. a Bear Market 
Now that we’ve covered the basics, are you ready to invest but don’t know where to begin? We recommend starting small with micro-investing through our partner Acorns. They’ll round up your purchases to the nearest dollar and invest the change in a nicely diversified portfolio of stocks, bonds, and ETFs. Easy as eating pancakes:
Start saving small with Acorns
Alternative investments:
Small Business Investing: A Kinder, Gentler Alternative to the Stock Market 
Bullshit Reasons Not to Buy a House: Refuted
Investing in Cryptocurrency is Bad and Stupid
So I Got Chickens, Part 1: Return on Investment
Twelve Reasons Senior Pets Are an Awesome Investment 
How To Save for Retirement When You Make Less Than $30,000 a Year
Understanding the stock market:
Ask the Bitches Pandemic Lightning Round: “Did Congress Really Give $1.5 Trillion to Wall Street?”
Season 3, Episode 2: “I Inherited Money. Should I Pay Off Debt, Invest It, or Blow It All on a Car?” 
Money Is Fake and GameStop Is King: What Happened When Reddit and a Meme Stock Tanked Hedge Funds
Season 3, Episode 7: “I’m Finished With the Basic Shit. What Are the Advanced Financial Steps That Only Rich People Know?”
Wait… Did I Just Lose All My Money Investing in the Stock Market?
Season 4, Episode 1: “Index Funds Include Unethical Companies. Can I Still Invest in Them, or Does That Make Me a Monster?” 
Retirement plans:
Dafuq Is a Retirement Plan and Why Do You Need One?
Procrastinating on Opening a Retirement Account? Here’s 3 Ways That’ll Fuck You Over
How to Painlessly Run the Gauntlet of a 401k Rollover
Ask the Bitches: “Can I Quit With Unvested Funds? Or Am I Walking Away From Too Much Money?”
Workplace Benefits and Other Cool Side Effects of Employment
You Need to Talk to Your Parents About Their Retirement Plan
Season 4, Episode 5: “401(k)s Aren’t Offered in My Industry. How Do I Save for Retirement if My Employer Won’t Help?” 
Got a retirement plan already? How about three or four? Have you been leaving a trail of abandoned 401(k)s behind you at every employer you quit? Did we just become best friends? Because that was literally my story until recently. Our partner Capitalize will help you quickly and painlessly get through a 401(k) rollover:
Roll over your retirement fund with Capitalize
Recessions:
Season 1, Episode 12: “Should I Believe the Fear-Mongering about Another Recession?”
There’s a Storm a’Comin’: What We Know About the Next Recession
Ask the Bitches: How Do I Prepare for a Recession?
A Brief History of the 2008 Crash and Recession: We Were All So Fucked
Ask the Bitches Pandemic Lightning Round: “Is This the Right Time To Start Investing?”
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softlyfiercely · 1 year
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DO NOT VOLUNTEER TO BE A CO-SIGNER OR GUARANTOR FOR SOMEONE ON TUMBLR.
I just saw a 'mutual aid' post going around where instead of asking for donations, the person was asking someone to be a "guarantor" - also known as a "co-signer" - for their rent.
DO NOT DO THIS.
I am all for mutual aid. I think credit scores are a scam designed to fuck poor people. I get it. I do. BUT. Being a guarantor/co-signer for someone basically means that if they don't pay what they owe, for whatever reason, their landlord, bank, creditors, etc. can and will come after you for the full amount.
It seems like such an easy way to help someone. You don't need to pay any money, just lend them your name and good reputation so they can get permission to borrow and spend their own money. It feels like you're getting one over on the shitty capitalist system and using your privilege of good credit/income to help someone else.
But it is a HUGE risk. Do not do this. All it does is give that shitty system more ways to get their hooks into you and create tons of problems for you down the line.
You can really fuck yourself over in the long run by getting tangled up in a financial situation like this. Even co-signing for someone in your life who you trust, like a sibling or a parent, can be really risky. No matter how much you trust someone not to purposefully leave you holding the bag, now you're on the hook if they end up with financial problems neither of you anticipated.
Do not co-sign for another person's loan, car, rent, etc. unless you are able and prepared to pay the full amount or subject yourself to the mercy of whatever that person gets themselves into.
ESPECIALLY do not do this for someone on the internet, where scams are rife. Do not share your personal information with people online and NEVER allow someone else to use your personal information for their finances.
Here is an article with more information.
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incognitopolls · 1 month
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We ask your questions so you don’t have to! Submit your questions to have them posted anonymously as polls.
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nyancrimew · 6 months
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the cool thing they don't tell you about credit card debt is that if you just ignore it you functionally have unlimited money
⚠️ DON'T TRY THIS AT HOME
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cleofem · 4 months
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Women used to sell their engagement / wedding rings to escape abusive marriages. Learn from your foremothers. Never tell a man you have your own money. Financial freedom is the most important of all.
Having your own savings and source of income that can't be stolen from you gives you so many opportunities. Don't fall for their smooth words under the guise of 'fairness' and 'trust'. Protect yourselves and only trust yourself. For your safety and autonomy.
It can be the difference between being homeless and being safe. Spread the word.
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chrisdoeslife · 1 year
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I had this exact conversation with a friend last week. She had over $3K in a Roth account just SITTING THERE. Not invested in anything. But how would she know?? Nobody ever explained it all to her, they just told her to open a Roth IRA and deposit money every month.
So this is just a reminder to all of you since I often post about financial planning and saving for retirement!!! Make the IRA contributions and then buy assets with that money!
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wildhannimal · 11 months
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Before you pay that not-covered hospital bill:
I want to take a min to spread awareness for the No Surprises Act after noticing a reddit post earlier.
This protection for patients just popped up in the past couple years, and the one major downside is that it's up to the patients to speak up to make use of it, but not everyone knows what it is.
"If you have private health insurance, these new protections ban the most common types of surprise bills. If you’re uninsured or you decide not to use your health insurance for a service, under these protections, you can often get a good faith estimate of the cost of your care up front, before your visit."
Consumer fact sheet
Typically, health insurance companies will help pay for bills from "in-network" providers, AKA their VIP inner circle gang turf. They won't help pay if you get medical care from another gang's henchmen (out of network).
This means that sometimes, a person would go to the hospital, which they knew had been covered by their insurance before, so they expect it's going to be relatively affordable. But they didn't know that multiple medical "gangs" were working in the same hospital. Their anesthesiologist, for example, was from a different gang. That specialist was out of network even though the surgeon and nurses were all in network.
Boom. Big bill for thousands of dollars and their insurance refuses to help pay it.
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But now we have this law! The No Surprises Act means that insurance companies need to cover "surprise" expenses (under certain conditions).
If you don't have health insurance, hospitals and clinics need to give you an accurate quote before you get services, then foot the bill if they were too far off the mark.
The Fact Sheet section of the Centers for Medicare and Medicaid services have some wonderful user-friendly resources for you about health insurance and how this act works.
Keep in mind that Medicare and government-run programs always have weird rules for everything, so you might have different (yet similar) protections through those programs.
If you have a medical bill that wasn't covered by insurance and you think it might count as a surprise bill, please check out your rights and consider fighting it instead of letting it become a stressful expense or debt you can't repay.
Go here to start figuring things out for your situation:
Health insurance companies have way, waaaaay too much power over our lives. We need every drop of protection we can get - but it only counts as much as we can understand and use those protections!
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femmefatalevibe · 5 months
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Hi sweetie, how are you? Do you have some podcast’s recommendations? I don’t mind the topic, it could be about finance, mental health, self development, powerful women! Thank you <3
Hi love! Sharing some recommendations below. Hope this helps xxx
Stuff You Should Know
The Psychology of Your 20s
Bad with Money
Ted Talks Daily
The Daily
How I Built This
Stuff Mom Never Told You
The Michelle Obama Podcast
Lady Don't Take No
Our Body Politic
Sounds Like A Cult
Betwixt the Sheets 
You're Wrong About
Ladies, We Need To Talk
Womanica
Hope this helps xx
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bootobeneficiary · 2 years
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Three Big Girl Investments I’m Asking Him For
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The girls in the femininity/hypergamous courses wouldn’t tell you what I would for FREE! Take notes and like ❤️ to save for later.
Disclaimer: I am not asking for anything I am not financially prepared to invest in myself if I am told “no”. These are all “Hoe” appropriate asks for the man I don’t want to marry but he’s cool for this chapter. These are all advanced asks and not suggested for anyone to use as reference if you are not educated nor prepared to do so.
A Gas Station/EV Charging Station
We are transitioning into tech based times and major car companies are producing electric vehicles which indeed need charging. Road trips for work, relocation or vacation isn’t going anywhere anytime soon.
I bet you wish you owned a gas station when the prices went up earlier this year. Gas prices in the 90’s were like $1 and NOW WE ARE AT SIX DOLLARS A FUCKING GALLON!
MY IDEA: A location right off a highway and preferably not surrounded by a chain of gas stations. I also want to be accessible for truckers whether it’s day or nighttime.
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Male Dominated Business
A cigar lounge. A barbershop. A sports bar. One of the wisest things I’ve been advised as a woman is to invest in a male dominated business. Men who grow their hair need shape-ups, so I cannot wait to begin construction on a barbershop. Men are die hard loyal to their favorite pubs and sports bars (especially if their team is in the playoffs) so I want to profit off of that and have no shame.
Most strip clubs, bikini bars and burlesque clubs are owned by men. I want to flip the script for my personal satisfaction (and profit).
MY IDEA: I prefer to get my feet wet with a barbershop in order to gain hands on insight on the male consumer since the barbershop is where men vent and bond. I would secure a location in a neighborhood where I can secure enough black barbers both male and female.
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A Franchise
At first I wasn’t interested in owning any franchise, however when I did further research I figured out how I plan on maximizing my investment. People are more willing to purchase something when they’re waiting for their flight/bus/train so I’m going to go that route.
MY IDEA: Maybe a Dunkin/Subway in a bus/train station. Amtrak isn’t going anywhere until we can teleport so I want to capitalize off of folks who want a coffee while waiting for their delayed train. I know someone pocketed big bucks off of me!!!
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Egg Freezing (bonus)
This one is suggested for anyone who intends to become a mother. This costs around 10,000-20K according to this source with an average storage fee of $800 a year. I’m thinking long term and I want to pass on investments to my children. Even if you insist on not being a parent, you may want to save them just in case on someone else’s dime. Nothing against those who do not desire children because I commend anyone responsible enough to opt out of a responsibility they know they do not want. That’s smart.
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Hope this inspired you in the slightest! Happy healing 🕯🧿
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uboat53 · 1 year
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If you want to know why there's a generational disconnect when you talk about pay, here you go. In 1982, the average starting salary for a college graduate was reported to be $22,449/year. [1]
In 2023, the median salary (not even just starting) for a college graduate aged 25-34 was $59,600. [2]
Now that sounds good, right? More than double? Well, let's take a closer look.
According to the Bureau of Labor Statistics Inflation Calculator [3], $22,449 in 1982 had the same purchasing power as $71,617.79 in 2023. In other words, that "more than double" in nominal terms is actually almost a 17% DECREASE in real value.
If anyone is wondering what those dang Millennials and GenZ kids are complaining about, this is it.
[1], [2], [3]
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noodledesk · 2 years
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big masterpost of fun things to do this summer
hi :) i like to make a big list of things i want to do each summer, and i thought i'd share all the resources i collected this year with y'all in case you want to do any of these things too <3
learn a new language. 🦜
i've collected a bunch of resources for french, korean, and mandarin so i'll be making separate posts for those languages. but here's some of my favourite resources - most of them are based off of krashen’s comprehensible input theory which is why they are fun resources:
french: free grammar lessons and quizzes for all levels, watch french tv, read manga in french, a drive full of french books, a bunch of french culture podcasts, a list of french youtubers
korean: anki grammar decks for all levels, super in depth grammar explanations up to advanced level, a bunch of resources, reddit’s ultimate beginner’s thread, read korean webtoon, talk to me in korean
mandarin: a bunch of anki decks, grammar gamified, reading practice, chinese reading world, mandarin bean grammar points
japanese: core 2000 words anki deck, grammar gamified on renshuu
spanish: language transfer for spanish!
learn to draw. 🎨
this is more just a collection of art related resources. hope they help!
proko’s art library, a bunch of sketching and fundamental tutorials
the complete famous artists course
collection of art books and resources
alphonso dunn’s youtube channel
learn guitar. 🎸
i got a guitar last summer on a whim and have been having a really fun time learning it! here’s the main resource i’ve been using.
learn jazz piano. 🎹
similarly jazz piano is something i’ve wanted to get into for a while + improv. this person’s youtube channel is very cool!
write something and put it out into the world! ✍
i love to write and it took me a while to learn how to submit stuff to journals. hope these help you!
a bunch of resources on how to submit to journals
how to submit to literary magazines by doretta lau
publishing 101
chillsubs, an easy way to find journals to submit to
make your own video games. 🎮
by now if you follow me you know i love to make twine games. here are a couple of cool engines you can use for free!
twine, a text based engine
love
renpy or visual novel resources
bitsy
take a free online course. 🧠
coursera has a lot of options, which i really like. i took Yale’s the science of well being a few years ago and it was great!
make your own music or learn how audio software works. 🎵
audionodes is a cool free browser software that lets you do this without downloading anything!
learn about personal finance. 💵
i feel like it’s hard to devote proper time to learning about personal finance so a lot of us rely on learning as we go, but there are some good resources and tools online that are quick and easy when you have 5-30 min to spare!
PBS Two Cents youtube short vids about personal finance
wealthsimple personal finance 101 (short videos. nicholas braun is in them for some reason)
mint - free budgeting and goals software
edspira - more technical side of finance, accounting, etc youtube channel
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bitchesgetriches · 14 days
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We have lovingly, painstakingly updated our tax filing how-to guide for the 2023 tax year. So if you haven't filed your tax return yet, here's everything you need to know... including the due date, which is a month away.
Get after it, my lovelies!
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incognitopolls · 2 months
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We ask your questions so you don’t have to! Submit your questions to have them posted anonymously as polls.
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getfunderberked · 1 year
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I got into the most debt when I started listening to a personal finance podcast.
Turns out most of those recommendations are intended for people that actually can already afford food, housing, and other life expenses.
Without financial stability they actually just incur more debt.
Putting money away for retirement when you are struggling to make your monthly credit card payment is not the way.
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peachiesbambi · 5 months
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BUDGETING PLANNER
This ULTIMATE Budget Planner has everything you need to get out of debt, budget your money, track your spending, and skyrocket your savings rate. 👇👇👇
Budget Planner Printable PDF https://bamby-5278.myshopify.com/products/untitled-14sept_02-33?utm_medium=product-links&utm_content=android
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weepingredwillow · 4 months
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.........
When you open your mail expecting a false repossession notice or some shit and it turns out the dealership got caught by the Feds for ripping people off and they had to issue you a check for HALF of the original cost of your vehicle....
Y'ALL..
I DON'T OWN THIS VEHICLE ANYMORE! IT WAS TOTALLED IN A WRECK AND WRITTEN OFF AS A LOSS!!!!
👀👀👀👀
That's a LOT OF NUMBERS!! 😲😲
Do.... Do I do the responsible thing and reinvest it/save it.. Or do I just go absolutely Ferral and give my Kiddo the best god damn Christmas of her life? 🤭🧐🤔
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