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

🎈 Yay tax time!

Published 2 months ago • 1 min read

Good morning Reader,

The big financial news this week was the release of DeepSeek, an AI out of China that may be better than existing AI models out there and made at a fraction of the cost.

NVIDIA stock dropped 17% on the news ($600 billion in market cap lost) because it could be a signal that people won't need as many of their expensive chips going forward. Time will tell.

Tech is a huge component of the S&P 500 (NVIDIA accounts for ~2.80% of the S&P 500 too), which is why those index funds dropped (around 1.50%) on Monday.

I'm not doing anything differently (I never do) but my month-end automatic transfers will be a smidge cheaper than a week ago!

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🆓 How to file your taxes for free

Tax season has started!

The IRS announced it is taking tax returns now, but employers and banks have until 1/31 to send out forms.

If you qualify, there are several ways you could file your taxes for free. But don't do it until you get all of your forms!

​👉 How to file your taxes for free​

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🏛️ Federal Reserve meets this week

And there's a really good chance they don't move interest rates.

The economy is doing well, inflation is OK, and the Fed won't cut (or raise) interest rates in times like this. The markets agree, with futures indicating there's a 99.5% chance rates stay the same.

There's a miniscule 0.5% chance they drop it by 25 basis points... Trump would love a cut but it seems extremely unlikely.

​👉 See rate predictions by CME Group data​

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🚗 Free Sirius XM for 3 months

If you have a car and want Sirius XM for free for three months, you can have it!

You don't even put in a credit card so they can't surprise charge you later. Literally free for three months.

​👉 Get 3-months of free SiriusXM​

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Take care!

Jim

PS. Happy Lunar New Year! It's the year of the Snake - known for its elegance, intelligence, and resourcefulness. Embrace change and let go of the past! 🐍🐍🐍

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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.

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