profile

Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

👶 Should parents help their kids financially?

Published 8 months ago • 1 min read

Good morning Reader!

Last night, we had an almost full load to run the dishwasher and so I threw a pot in.

I looked at my wife and said "we made it!" 😂

It sounds silly but growing up, our dishwasher was mostly a drying rack. We'd rarely run it.

In my mind, sticking in a massive pot seemed decadent.

What was something from your childhood that seemed only for the wealthy that you now realize is fairly normal?

​(View this email as a webpage)​

👶 Should parents help their kids financially?

A Redditor learned that his parents had millions of dollars and he was furious. He was struggling, in credit card debt, and was very angry his parents were sitting on a mountain of gold.

Think he deserves to be angry?

I'd love to hear your thoughts (as a comment on the post if possible, or reply to this email if it's easier for you):

​👉 How much should we help our kids financially?​

​

📅 Year end tax moves

It's almost November and you'll start seeing a bunch of "year end tax moves" posts, but here's an early one to help you prepare before the holiday rush:

​👉 Year End Tax Moves You Must Be Doing​

​

🐄 Why is milk white but cheese is yellow?

Isn't that strange?

Vox did a short 6-minute video explainer that's fun to watch.

​👉 The real reason cheese is yellow​

​

What did you think of today's email?​
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

​

Take care!

Jim

PS. We're seeing CD rates slip lower and lower, now it's rare to see one above 5%. CD Valet has a few from smaller credit unions but the bulk are under 5% now. You can review the best rates here.​

​(see our archive of previous emails)​

You signed up for this newsletter via wallethacks.com​

We respect you and your attention. If you no longer wish to get emails from us, you can unsubscribe and we will still be friends.​

If you like sending gifts, we like getting them here - P.O Box 323, Fulton, MD 20759

Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

💵 Founder of WalletHacks.com

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

Read more from Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

Good morning Reader, In a few days, we'll be celebrating the 4th with good friends and it's a fun mid-year reminder that it's good to celebrate from time to time. How will you be spending the 4th? (View this email as a webpage) 🥳 This is why rituals are important I wrote this article in the fall, hence the emphasis on pumpkin spiced lattes, but it explains how rituals can elevate every day experiences. It's a life lesson I try to bake into everything our family does and I think it works quite...

4 days ago • 1 min read

Hello Reader, It seems like every year we get a new name for a weather event and this week it was "heat dome." I was just in Dallas, Texas and returned to Maryland where it was hotter. It was 91 when I left Texas and it was 97 here! (My wife took a picture of our thermometer and it said 102!) If you're experiencing the heat dome too (which hopefully is ending today), stay cool! (View this email as a webpage) 📚 Retirement savings waterfall If in the wealth accumulation phase of your life,...

11 days ago • 1 min read

Hello Reader, Has summer started for you yet? Today marks the final day of public school for our kids and so it'll be chaos in our home until camps start next week. When I was younger adult, I thought you should have school in the summer. Between the summer slide and worrying about childcare, it made no sense. But as our kids are getting older, I prefer the summers off. It's good for kids to have fun. Education and academics are important but are they the most important? Eh... I'm not sure....

18 days ago • 2 min read