Search Results for: health savings

How I Manage My Health Savings Account

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A lot has been said about a Health Savings Account (HSA). It is by far the best tax-advantage vehicle created by mankind that allows eligible individuals to divert a portion of their income to an account from which they can reimburse eligible expenses tax-free and efficiently save for present or future health care expenses. If you have not yet taken advantage of an HSA, I highly encourage you to think about it but more importantly, to do your due diligence to…

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Our Savings Rate in 2020

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I’m always looking forward to the beginning of a new year but 2021 deserves special recognition. This past year was filled with lots of challenges but we remain grateful and optimistic for a brighter future. Don’t get me wrong, we are definitely not out of the woods but I would like to believe that the worst has passed.

Our Savings Rate in 2019

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The holiday season just came to an end and it feels like the right time to go back and evaluate how well we did in the year that just passed. Both my wife and I set personal and professional goals at the beginning of the year but if there is one thing we also look forward to is calculating our annual savings rate.

A Model To Estimate Your Savings Rate – The QDIKW Pyramid

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I’m a big fan of the DIKW model or DIKW pyramid. It is a method that aims to explain the ways we move from Data to Information, Knowledge, and Wisdom with a component of actions and decisions. Simply put, it’s a model to look at various ways of extracting insights and value from all sort of data. It’s often depicted as a hierarchical model in the shape of the pyramid and also known as the data-information-knowledge-wisdom hierarchy.

Understanding & Maximizing Your Employer Benefits

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I recently joined a personal finance community that hosts financial talks, virtual happy hours, and guest speakers. My friend Amberly came up with this great idea and it didn’t take me long to get on board. As our host, she has done a remarkable job covering relevant topics in a very refreshing manner. Concise, factual, quantitative are a few words that describe her delivery; however, the main highlight is her ability to share the message in an easy-to-understand and super…

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A Closer Look at Our Investment Portfolio

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This post will take a closer look at our investment portfolio. The purpose is not to influence your decision on investment options or to suggest you should follow our approach. The intention is to share a strategy that we’re comfortable with and works for us.

The Case for Paying Yourself First

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Paying yourself first is a very popular phrase I came across when reading The Automatic Millionaire by David Bach. He also happens to be the one who created the movement around the “latte factor” but that’s one topic that deserves its own discussion.