If you find value in these articles, please share them with your inner circle and encourage them to Sign Up for my Rich Habits Daily Tips/Articles. No one succeeds on their own. Thank You! TOM@RICHHABITS.NET Every year the Internal Revenue Service issues a report that shares data on the top 400 taxpayers. According to the IRS, here’s how the top 400 makes their money: 4.47% – Wages & Salaries 4.24% – Interest Income 10.89% Dividends 16.24% – Profits from Partnerships and Corporations 65.16% – Capital Gains Almost all of the capital gains for the Top 400 Taxpayers was the resul ..read more

Living paycheck to paycheck isn’t just financially challenging; it’s incredibly stressful. For many households, being that close to the financial edge every single pay period seems like an inescapable situation. Fortunately, there is a way to break the chains and move toward something better. If you’re trying to figure out how to stop living paycheck to paycheck, here are some tips that can help you become financially free. Closely Examine Your Spending The first thing you need to do if you want to figure out how to stop living paycheck to paycheck is to take a close look at all of your spen ..read more

A friend of mine built a custom house a few years ago. Among the upgrades and extras, she paid to have a gourmet, top of the line kitchen installed. It has all the stuff a true chef would want. Commercial grade appliances, a huge walk in pantry, wine bar, commercial sink, storage for all manner of pots, pans and utensils, and enough counter and island space to prepare a meal for a football team. Don’t get me wrong: It’s all beautiful and impressive. But it added a huge amount to the house, both in terms of cost and square footage that costs money and time to maintain.   When I asked her ..read more

For cigar smokers, having a humidor is essential. Unless humidity levels are in the right range, cigars dry out – causing them to lose their flavor and aroma – or become overly moist, which can lead to mold and other issues. Cigar humidors ensure that any stored cigars are in optimal conditions, and there are excellent humidors available at practically any price point. If you’re looking for a new one, here are ten cigar humidors to check out. 1. XIFEI Acrylic Humidor Jar   For a low-cost option, the XIFEI Acrylic Humidor Jar is a solid choice. This clear container can hold up to 20 cigar ..read more

  Most of us would feel rich if we had $1 million. However, most Americans don’t feel the same about being a “millionaire” anymore. In fact, according to a recent study, most people that have $1 million don’t consider themselves wealthy at all. Is $1 Million Wealthy in 2023? A recent study performed by Ameriprise Financial, here, found that only 13 percent of Americans with $1 million in assets feel wealthy. The survey taken by Ameriprise Financial took a look at more than 3,000 Americans between the ages of 30 and 69. All of them had at least $100,000 in investable assets. No equity was ..read more

If you find value in these articles, please share them with your inner circle and encourage them to Sign Up for my Rich Habits Daily Tips/Articles. No one succeeds on their own. Thank You! TOM@RICHHABITS.NET The other morning I was dressing for work and caught an interview on Good Morning America of E. L. James, the author of Fifty Shades of Grey. I was somewhat shocked when the host highlighted the fact that James’ book had sold 165 million books worldwide. As I pondered that thought, my shock was replaced by dismay. It dawned on me that so many people only read for entertainm ..read more

Dear Dave,  My wife and I are debt-free except for our mortgage and two Parent PLUS loans for our daughters’ college educations. One of the loans totals $18,078, and the other is for $41,500. Both girls want to pay them off using the new extended plan being offered, but I’m 59 1/2, and I’ve got about $500,000 in a 401(k) from a previous job along with $125,000 from a job I started five years ago. We’ve been thinking about just paying the loans off for the girls, but we wanted to know your thoughts.   Mike  Dear Mike,  If I were in your shoes, I’d just go ahead and pay them ..read more

The majority of seniors are embracing technology and social media to stay connected with family and friends. According to the Pew Research Center, 92% of seniors in the US own a mobile phone. The number of older Americans who use social media has also increased fourfold since 2010. Due to their increased tech and social media use, seniors need affordable phone plans that provide enough data to support their browsing habits. Below we’ve highlighted some of the best phone plans for seniors that won’t break the bank. Why Tello Mobile Offers The Best Phone Plans for Seniors Seniors on fixed incom ..read more

A trip to Disney World or Disneyland seems like a fantastic idea for a family vacation. However, once you start looking at the cost, you may wonder if a Disney vacation is actually affordable. Many families don’t realize how much they’ll have to spend until they start exploring, and a bit of sticker shock is usually part of the equation. If you’re wondering, “Can families still afford a trip to Disney?” here’s what you need to know. What Impacts the Cost of a Trip to Disney The price of a Disney vacation varies based on a few factors. First, whether you go to Disneyland or Disney World makes ..read more

Success is measured differently by different people. No matter how different a person’s definition of the word, building wealth seems to be a common factor among the various denotations of success. What makes reaching this level of success hard is that people don’t become wealthy by accident. It takes a lot of hard work, saving and determination (for most people) to become wealthy. The best people to take notes from are the people doing what you aspire to do. For instance, if you want to become wealthy, you should look towards people who are already wealthy for advice and take note of their h ..read more