Mike Mead, EA, CTC’s Post

After an influx of cash (like a big tax refund), the smart cookie starts thinking about reducing their debts... such as high-interest credit cards. Think about it: You pay a lot for this credit and the balances on your high-interest accounts build up fast, making the stuff you buy more expensive. Chip away at this debt whenever you get an influx, and you’ll do your wallet and your credit score a BIG favor. https://lnkd.in/gyx9F9hC

After an influx of cash (like a big tax refund), the smart cookie starts thinking about reducing their debts... such as high-interest credit cards. Think about it: You pay a lot for this credit and the balances on your high-interest accounts build up fast, making the stuff you buy more expensive. Chip away at this debt whenever you get an influx, and you’ll do your wallet and your credit score a BIG favor.

Imagine having access to your money whenever you need it, no matter your credit or income. That's liquidity! That's also protected from creditors and grows tax deferred. With the right banking setup, you can access your money whenever you need it, regardless of credit or income. It's easier to set up than you think 💼 #FinancialFreedom #LiquidityMatters #SmartMoney #FinancialPlanning #SmartInvesting #SmartMoneyMoves

Ever heard of the confidence tax? Low self-esteem isn’t just an emotional weight—it hits your wallet too! Imagine shrinking your potential just to stay small... Ask me how I know. Ready to ditch this tax and grow your confidence and your bank account? Let's chat! 💬 Loved this? Share with a friend who deserves to flourish! 🌸 #partnershipgoals #relationshipdynamics #personalgrowthjourney #energyshift #chooseyourpath #EmpowermentJourney #relationshipgoalsachieved #selflove2024

1.The 72 Rule For Double your money. 2. High-Interest Savings Accounts and Cashback Credit Cards 3.The Debt Avalanche Method 4.Automated Savings and Investments 5.Tax-Advantaged Accounts

Are Your Credit Card Spends Putting You at Risk of a 60% Tax? 💳⚠️ Did you know that spending over ₹10 lakh annually on credit cards can trigger scrutiny under SFT (Specified Financial Transactions)? 💡 Here’s what happens: ✅ All credit cards linked to your PAN are monitored. ✅ If flagged for disproportionate spending, you could face up to 60% tax + surcharge + cess! Don’t let unplanned expenses lead to financial stress. Stay informed, spend smart, and protect your hard-earned money. 🚨 Watch now to learn how to avoid this tax trap! #creditcardspending #taxawareness #smartfinance #incometaxtips #financialfreedom

Extending your amortization to make your payments easier is one way to get into the market, but at a price: way more interest payments. https://lnkd.in/gmp8Ezv3

Are high-interest rates on credit cards making it difficult to pay off your debts? If so, a credit card balance transfer might be the solution. This is typically done to take advantage of lower interest rates of 0% introductory APRs. However, it’s not the right move for everyone. Learn more about the pros and cons of a #balancetransfer here: https://lnkd.in/eJX5h6fj 

We've all come across this. Some more of us than others. There could be a few reasons why this is happening. Here's a few things to check: 1. Was there a tip included? 2. Was the amount entered correctly?? 3. Is the tax included or excluded? 4. Is the currency accurate? 4. Is the account correct? Perhaps it was a credit card transaction. #Tips #Tricks #TroubleshootMe

It's #FinancialFriday! Missed payments, tax liens and bankruptcies can remain on your credit history for 7 years, or even longer. This could make it harder for you to secure loans and get favorable interest rates. #CreditTips #CreditScore #FinancialHealth