With the New Year of 2018 now upon now, tax season is looming. One of the most common questions I get asked is do I have to pay taxes on my cryptocurrency gains to the IRS? The answer is simply yes. You don’t want to position yourself to risk being audited by the IRS and potentially go through court hearings that may result in heftier fines, penalization, interest rates, and taxes. Currently, there is a…

You may have already been aware about the Ripple hype, but what about Stellar? Where Ripple is based on a top-down concept revolving around financial institutions first, Stellar focuses on a bottom-up model. In other words, Stellar’s main focus is on the consumer from micropayments similar to today’s Venmo. You may be saying to yourself, how practical is that considering that cryptocurrency tends to fluctuate a lot or does Stellar serve an utility purpose? I…

A frequent question I receive is how do I grow my money with taking little to no risk at all if investing in the stock market is not for me? The answer I always give for those who are much more conservative is to open up an American Express High-Yield Personal Savings account. As I am writing this blog post at this very moment, the annual percent yield (APY) is 1.35%. And yes, opening up an…

Shopping online is becoming the norm nowadays, often even outmatching in-store sales. Competition for online shoppers is becoming steeper each passing day. Thus, many storefronts are now considering employing cash back incentives to entice customers to shop with them online. How most cash back programs generally work out for the merchant is that instead of passing the entire advertising budget into traditional methods like commercials and Internet advertisements, storefronts are now even considering sharing part…

Believe it or not, having more than one credit card is beneficial to the financial health of your credit history. One of the common myths of owning a credit card is having one too many. But, nowadays, I’ve noticed that the problem most people have is sticking to only one credit card. The one credit card only practice is most likely a result of being fearful of fees and the disciplinary actions of managing many…

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