Welcome to Common Sense Finance. In this post I want to talk about something that has gotten a little bit of attention, but I think most people are just kind of ignoring it. This is the unrealized capital gains tax that has been proposed by the Biden administration. Generally, a capital gains tax is a tax on…
In this post, I want to discuss a new movement that’s brewing to strip the 401k of its tax advantages. I will discuss why this is being done and why this is bad for middle class America. Most people are pretty familiar with what a 401(k) is. If you’re not, this is a retirement plan…
In this post, I want to discuss the massive Debt jubilee that I believe will come, how it will occur and who will be the winners and losers. And why this leads more credence to stacking silver and gold is so important. Debt Jubilee Basics To begin, what is a debt jubilee? A Debt jubilee…
Today I want to talk about why this decade is really the decade to hold real assets, meaning gold, silver, land, real estate as examples. Consider any hard asset. there’s plenty of options here, I generally like things that hold value and are somewhat liquid. Now I believe in diversification so I don’t think it’s…
Hello everyone, in today’s post I want to discuss the continued growth of credit card debt in America. More specifically, I’m going to discuss the state of credit card debt and how this could hurt the price of Silver in the short run. In 2023 in the second quarter American credit card debt passed 1…
In today’s post I want to discuss a new product that is being pushed out, why this home equity product is a terrible idea and also why something like this came about. What is Home Equity Sharing? Home equity sharing allows homeowners to access cash in exchange for giving a company minority ownership in the…
In today’s post, I want to talk while I believe we are going to see more 40 and even 50-year mortgages in the near future and I’m going to explain why this is bad. So just to give some background right now. 40-year mortgages are not considered qualified mortgages. 30 years is the longest qualified…
In today’s post I want to discuss factors to decide when choosing to get life insurance. Life insurance is insurance that is paid out to the beneficiaries in the event the policyholder dies. Generally, speaking there are two types: Term and Whole life. Whole life insurance accrues a cash value with every premium paid. Premiums…
There’s much blame to around for the student loan debt crisis, but today I want to take a different angle on this as I’m not hearing many people talk about this. Simply stated, there is no accountability from the colleges and universities. Most people know the cost of tuition in the United States has gone…
