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Category Archives for "Make Money"

My Advice To Accumulating Wealth

Once you create your wealth by having a good job or owning a business, and start to have money coming in, you can then slowly build your wealth by accumulation. The primary vehicle to accumulate a substantial wealth is obviously through savings. Yes, through savings. You may not want to believe it. But the old […]

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Pay Yourself First Under Withholding Tax

Some people don’t have the financial discipline to carry out a plan of under-withholding taxes. Some people don’t have the financial cushion to carry it out to make a difference. However, if you have both, you can use under-withholding to your advantage. Is under-withholding illegal? No. Unlike estimated tax payments, which go towards a specific […]

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Roth IRA vs 401k Traditional IRA

The primary reason for putting money into 401K or traditional IRA account is for the current tax benefit. However, if the current tax benefit is small, it may not make a lot of sense to stuff money into your IRA account. Obviously, we don’t know what the future tax rates will be, but my best […]

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Definition Of Money

Money mainly serves two purpose. It serves as a medium of exchange, and a storage of wealth for one’s past labor. Understanding what money is, especially the paper money in modern days, is extremely important for preserving one’s own wealth. If you don’t know how paper money is created or destroyed, you can save money […]

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An Intro To Investing In Natural Resources

Natural resources are commodity, meaning that there is no added value at all, besides its intrinsic value as being the material (such as metals or energy) or the commonly consumed products (such as pork, wheat, coffee). Because there is often no added values, they are probably the least “fashionable” investment that you can find. It’s […]

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An Intro To Investing In Precious and Base Metals

There are two types of metals for investment: precious metals as opposed to base metals. Precious metals include gold, silver, platinum, and some other less known materials such as ruthenium, rhodium, palladium, osmium, and iridium. Base and/or industrial metals include copper, nickel, aluminum, zinc, lead, and iron/steel. The reasons for investing in precious metals and […]

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A Leveraged View On My Asset Allocation

As of last Friday on June 9, 2006, my networth & portfolio looks like this: Category Net Value Control/Leverage My Company 18.4% 80.3% My Home 20.9% 29.8% Stocks/Cash 60.7% 60.7% For the explanation of why the percentage numbers don’t sum up to 100% in the column of Control/Leverage, please read my post A Different Percentile […]

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