DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Brennan Schlagbaum - 4 Schlagbaum - 4 Erin - 3 Brennan - 3 Erin Schlagbaum - 3 It's - 2 I'm - 2 Brennan Schlagbaum Schlagbaum - 2
Top related locs:
Arlington , Texas Texas Cincinnati IRAs
Top related orgs:
CPA - 2 Service - 1 Business - 1 Medicare - 1 Market Index - 1 Vanguard - 1 Index - 1 SEC - 1

Search resuls for: "Brennan Schlagbaum"


6 mentions found


☆ Millennial millionaires are maxing out an investment account that offers a triple tax benefit. Here's how it works and who's allowed to open one.
  + stars: | 2024-02-15 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +6 min
BI verified the Schlagbaums' net worth by looking at account screenshots and a copy of their personal balance sheet. The Schlagbaums max out their HSA but don't touch the money so it can grow and compound over time. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. While they technically can use their HSA funds for medical costs, they opt not to touch that money so it can grow. Like the Schlagbaums, the Keyses could use their HSA funds for their medical costs, but they prefer to pay out of pocket with their cash flow so their HSA funds can remain untouched.
Persons: —, Brennan Schlagbaum, Erin, Brennan, Erin Schlagbaum, HSAs, It's, Schlagbaum, Lauren, Steven Keys, I'm Organizations: Service, Business, Medicare
☆ A 31-year-old CPA who has built a 7-figure net worth keeps about $5,000 in cash reserves and invests the rest of his money: 'I try to get rid of my cash ASAP'
  + stars: | 2023-07-18 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +5 min
That means having very little money in cash accounts and even foregoing an emergency fund. Brennan Schlagbaum doesn't like to keep much of his net worth in cash accounts. Schlagbaum has the luxury of not needing to keep a lot of money in an emergency fund. "We have the ability to pull that money tax-free at any point in the future," he noted. He doesn't consider it an emergency fund.
Persons: Brennan Schlagbaum, Schlagbaum, Erin didn't, Erin, they're, they've, I've, he's, I'm, Brennan Schlagbaum Schlagbaum Organizations: CPA Locations: Cincinnati, Arlington , Texas
☆ A 31-year-old millionaire who has 7 different types of investment accounts says that his HSA is 'my favorite by far' — and explains how he's using it to build long-term wealth
  + stars: | 2023-07-16 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
Of all of his different types of accounts, his favorite is his health savings account (HSA). He and Erin, who own their primary residence in Texas outright, owe $12,000 in property taxes each year, so they send $1,000 a month to a high-yield savings account to cover that expense. High-yield savings accounts, which earn multiple times more than a traditional savings account, typically return between 3.40% APY and 4.25% APY. (That's if you're under 65; after 65, you can use your HSA money to cover any expense without incurring a penalty.) HSA accounts, unlike FSAs (flexible spending accounts, which are another type of account that can help with health care costs) don't have a "use it or lose it" policy.
Persons: Brennan Schlagbaum, Erin, Brennan, Schlagbaum, Erin Schlagbaum, Dravet, It's Locations: IRAs, Texas
☆ A couple in their 30s that hit a net worth of $1 million have more than 95% of their stock portfolio invested in 3 index funds and the rest in one individual stock. Take a look at their portfolio.
  + stars: | 2023-07-13 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
Once they were debt-free, they went all-in on index funds. But once they were debt-free and in the position to start investing, they went all-in on index funds. He selected three specific index funds to invest in: the Vanguard Total Stock Market Index Fund (VTSAX), the Vanguard Total International Stock Index Fund (VTIAX), and the Vanguard Emerging Markets Stock Index Fund (VEMAX). Courtesy of Brennan and Erin SchlagbaumMore than 95% of his and Erin's stock market money is in one of these three funds. There are three things that wealthy people invest in: the stock market, business, and real estate.
Persons: Brennan, Erin Schlagbaum, That's, He's, Brennan Schlagbaum, Schlagbaum, it's, Crypto, Brennan Schlagbaum Schlagbaum Organizations: CPA, Market Index, Vanguard, Index, SEC Locations: Arlington , Texas, Texas
☆ How to achieve financial freedom, according to 11 couples and individuals under 40 who've done it
  + stars: | 2022-09-26 | by ( Business Insider | ) www.businessinsider.com   time to read: +15 min
For many people, financial freedom means being able to retire early and work only by choice. He believes that real estate is the most tried-and-true way to build wealth, but he also invests in the stock market. If you want to achieve financial freedom and retire early, put in the hours, he advised. "As long as you can live within your means, and you understand your basic necessities, then it's very possible to create financial freedom." "Entrepreneurship has really accelerated our own path to financial freedom, which I would say we have achieved."
☆ 'Super savers' share 7 strategies they use to save more than half of their income
  + stars: | 2022-06-21 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +10 min
'Super savers' who save more than 50% of their income track their spending and set specific goals. They also focus on increasing their income so they have more money to save. Insider rounded up seven savings tactics from "super savers," or people who are setting aside more than 50% of their income, to help you keep more of what you make. Focus on cutting the other 2 major expenses: food and transportationSuper savers will often focus on cutting "the big three expenses": housing, food, and transportation. If you're trying to save money on transportation, use public transit to get around if it's available in your area.
0 next >>
Total: 6