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Have you ever wondered what weed, Tesla, and TLC have in common with Joe Biden? Probably not, but you’re about to find out.

If you were hoping this article would provide you with some secret stock tips to help you get rich over the next four years, I’m going to disappoint you. And frankly, that’s because anybody who tells you they know which stocks will go up while Joe Biden is president is full of shit.

Nobody has any idea what the stock market is going to do in the short term. I mean, think about all of the people who invested in construction companies when Trump became president thinking they were going to ‘build that wall’. …


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As the saying goes, there are plenty of fish in the sea. This expression isn’t only true of romantic partners but also of credit cards. The options are endless, they all have different qualities, and you aren’t sure if they have your best intentions at heart when you first meet.

In the endless sea of credit card choices, I’ve ended up dating these 3: the Capital One Venture Card, Amex Blue Cash Preferred, and the Chase Freedom Credit Card. Like my romantic partners, each one of these credit cards has served a different purpose in my life. …


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Taylor Swift has made an absolute killing since the pandemic started. She released not 1, but 2 entire albums while many of us were struggling to get through our days. But it’s 2021 now and the vaccine has shown us the light shining at the end of the quarantine tunnel. There’s finally some hope that 2021 could be a great year.

With our renewed optimism, many of us have set goals that include increasing our income in 2021. Even if you didn’t explicitly set a goal to make more money this year, I’m sure you’d be totally cool with doing it. …


women opening a gift she doesn’t like and will regift later
women opening a gift she doesn’t like and will regift later
Original Image by Rich Bitch Finance

Picture this. You’re at another gift exchange and unwrapping the box you’ve chosen in front of a large circle of people. You really hope the box is from someone with who comes up with dope Christmas gift ideas, but disappointment sets in when the box’s contents are revealed. It’s another thing you’ll never use.

This is the feeling I used to get every time I sat through a gift exchange. Now don’t get me wrong, I love the fact that I only need to buy one $20 gift instead of spending 10x that to get something for everyone. The problem with the proliferation of exchanges is that you usually end up getting something you don’t want because the people participating have different tastes, and let’s be honest, it’s hard to come up with good Christmas gift ideas that are gender-neutral and universally pleasing for only $20. …


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Image by Rich Bitch Finance

We all have fucked up views about money. For something that affects every single aspect of our lives, you’d think we would have a better relationship with it.

I mean, how do you feel when you think about your money?

Confident, secure, and happy? Or anxious, insecure, and worried?

I’m guessing the latter because a staggering 77% of Americans feel anxious about their financial situations. But what if it didn’t have to be this way?

I mean, even I have negative feelings about my money sometimes, and I’m a finance expert. On paper, I should be super confident about money. I have a Bachelor of Science in Finance, an MBA, and a fascination for money and economics that has enabled me to sit through pretty much every documentary on money ever made. Some more than once. …


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Oh, early retirement. How fabulous it would be to break away from that 9–5 and live the luxurious life you’ve always dreamed of. To finally have free time, the ability to sleep in as late as you want, and go on vacation for months at a time, all before the ripe old age of 60.

The dream of retiring early is a popular one. I don’t know a single person who doesn’t at least want the ability to retire as early as possible, even if they never plan on actually doing it. Maybe you love your job, or working in general, and can’t imagine ever actually retiring, but you probably still want the freedom of financial independence and the flexibility to say sayonara to your job if you ever change your mind. …


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Original Image from Rich Bitch Finance

A whopping 80% of Americans are in debt, and many are working as hard as they can to pay off their loans as quickly as possible. While trying to become debt-free and pay off your loans early is a popular sentiment in the personal finance community, it’s an incredibly dumb piece of financial advice. To help you understand why paying off your loans early is dumb, I’m going to tell you how debt works, why paying off your loans early isn’t as helpful as you think, and how investing can make you a lot richer.

How Debt Works

Debt is a financial tool that you can use to buy something that you can’t currently afford. You read that right. You can’t actually afford the things you’re buying with debt even though you can afford the payments. …


5 Tips to Stay on Budget and Avoid Impulse Buying

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Whether you’re a Black Friday lover or hater, there’s no doubt that the temptation of a good sale is always strong. You’re probably already being bombarded with sale emails, discount ads, and your fav influencers ‘top Black Friday picks’. If you’ve been great at avoiding the Black Friday rush by staying home in the past, the internet and Covid will make it increasingly hard to combat your spending urges this year. So I say, give in to temptation!

Unlike other personal finance bloggers, I’m not going to tell you not to shop on Black Friday or that you should feel guilty if you do. Instead, I’m going to give you 5 tips on what to buy on Black Friday so you can actually save money and how to avoid impulse buying. …


You’ve Probably Got This Hotly Debated Topic All Wrong

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Original Image from Rich Bitch Finance

There are 2 types of people. The ones who think of income taxes like brackets, and others who think of them like champagne towers. Since they’re called “tax brackets”, most people think their taxes are determined by finding their income bracket and multiplying by the tax rate that goes along with it. If this is how you think about tax brackets, I hate to break this news to you, but nothing about taxes will ever be that simple.

How Taxes are Actually Calculated

Tax brackets are actually more complicated and sophisticated, like champagne towers. Thinking of them like brackets makes it seem like each income range has an assigned tax rate and whichever one your income falls into dictates the amount you pay. This super simplified (and wrong) version of how taxes work is what causes most people (maybe you) to think that if you make $50k/year, which lands in the 22% tax bracket, you’ll pay $11k in taxes. …


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Original Image from Rich Bitch Finance

With the staggering job losses in 2020, many people are asking what they should do with the 401K they have with their former employer. Brokerage firms will tell you that you should roll your 401K into an IRA, but what they don’t tell you is that they make A LOT of money from these rollovers. So should you take their advice? Here is everything you need to know before you decide to roll over your 401K.

DO NOT WITHDRAW YOUR MONEY

The absolute worst thing you can do is withdraw your money from your 401K. In the finance world, this is sometimes referred to as an indirect rollover, so watch out for those. The reason it is so important to do a direct rollover and to avoid withdrawing your money is that if you do, you’ll pay income taxes on it and unless you’re 59 ½ or older, you’ll also pay a 10% penalty. That’ll leave you with significantly less money. …

About

RichBitchFinance

Teaching young women about investing and wealth building so they can become rich bitches!

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