Saving money Archives - Page 2 of 7

August 29, 2022August 29, 2022

Student Loan Forgiveness: Here’s What You Need to Know

This week the Biden administration announced the Student Debt Relief Plan. This controversial piece of legislation is a historic student loan forgiveness program for college students, providing relief of up to $20,000. Importantly, many will be able to erase all student loans!!

Regardless of opinions on the matter, here’s what you need to know, and most importantly, what you need to do.

Even if you don’t have student loans, help spread the word on this time-sensitive opportunity.

August 22, 2022August 21, 2022

The Inflation Reduction Act: Exciting News for American Health Insurance

With the passage of the Inflation Reduction Act, the obvious talk of the nation has been the sweeping and historic changes to US energy and the environment. And rightfully so. But today let’s discuss the good news for Americans exploring healthcare insurance coverage options outside of workplace-sponsored plans.

June 27, 2022June 26, 2022

A Quick Note for Those Struggling with Spending

We often use spending in an attempt to gain admiration and respect from our peers. Here’s why it doesn’t work and what we can do instead.

June 21, 2022June 20, 2022

Your Questions Answered: Volume 6

Hello! We’re back in the digital mailbag to answer your questions.

In this Q&A episode we take a hard look at inflation, the reality of a bear market, tactics for balancing a career and climbing, saving for a home down payment, my dream interviews, the pros and cons of maxing out retirement plans, cryptocurrency, financial advisors, and traveling the world for cheap. And of course, so much more.

May 16, 2022May 20, 2022

This is the Wild Ride We Signed Up For

To date, 2022 has been a bad year for the stock market. As long-term investors, this is the wild ride we signed up for.

May 2, 2022May 2, 2022

EP 31: Your Questions Answered: Volume 5

Ok! We’re back to the digital mailbag to answer your questions.

In this Q&A episode we take a deeper dive on I Bonds, forming a solid plan for our financial lives, how to catch up on saving later in life, ideas on how to free up time from the many distractions in our lives, my daily structure and routines, and the best way to invest for compound growth.

April 19, 2022April 18, 2022

I Bonds: A Novel Way to Save Cash

Few investments provide a guaranteed rate of return over 7%. U.S. Treasury Series I Bonds are currently paying out at 7.12%, with that trend expected to continue.

Today’s post is short and sweet, and perhaps worthy of your time.

April 11, 2022April 10, 2022

EP 29: Back in the Weeds with the Frugal Professor

Today on episode 29 I want to welcome back to Clipping Chains writer, climber, father of five, and fellow personal finance geek, The Frugal Professor.

We cover it all on this one, from how the Frugal Professor was able to save nearly $2 million dollars with a family of seven, to how my wife and I are continuing to navigate a post-Financial Independence life.

April 4, 2022April 3, 2022

EP 28: Compound Growth: Can I Catch Up Later?

Many of us understand that investing in an appreciating asset results in compound growth of our initial investment. But how does this really work? How can a small sum of money grow to something that can provide financial freedom with little to no effort beyond securing the initial investment? And most importantly, what are the different outcomes when debating whether to invest now or later in life?

March 21, 2022March 20, 2022

EP 26: How to Spend Retirement Money Early

This week on episode 26, we revisit the Roth conversion ladder, a method used to spend retirement money early without penalty and with little to no tax burden.