Personal finance

How much money do you need to live in Alaska? Typical Expenses 1 ADULT 2 ADULTS (1 WORKING) 0 Children 2 Children Required annual income after taxes $26,962 $56,675 Annual taxes $4,371 $9,188 Required annual income before taxes $31,333 $65,862 7 more rows Read more on livingwage.mit.edu Alaska is a special state with magnificent scenery … Read more

What will pawn shops pay most for? The following are things that pawnshops almost always buy: Things to pawn nearly always pawn jewelry, gold, watches, Rolex, gold coins and silver coins and precious metals. Firearms. Electronics. Computers / laptops. Smart phones. Sports equipment, including bikes. Tools and yard equipment. Musical instruments. Read more on www.wealthysinglemommy.com … Read more

How do I pay myself from my LLC? You pay yourself from your single member LLC by making an owner’s draw. Your single-member LLC is a “”disregarded entity.”” In this case, that means your company’s profits and your own income are one and the same. At the end of the year, you report them with … Read more

Can I buy other people’s debt? A debt buyer is a type of debt collector who purchases a creditor’s debt at a discount in order to collect on it. Creditors sometimes prefer selling their debts at a loss to debt buyers as a tax write-off. Read more on www.investopedia.com The banking sector frequently engages in … Read more

Do millionaires have multiple credit cards? 1. They hold only a few credit cards. Several years ago, a financial writer named Tom Corley conducted research on the fiscal habits of wealthy individuals. Among other interesting tidbits, Corley discovered that a mere 8% of such people used more than one credit card. Read more on www.fool.com … Read more

How much should I pay myself as a sole proprietor? As a sole proprietor, you don’t pay yourself a salary and you can’t deduct your salary as a business expense. Technically, your “”pay”” is the profit (sales minus expenses) the business makes at the end of the year. You can hire other employees and pay … Read more

What debt should I pay off first when buying a house? Option 1: Pay off the highest-interest debt first. Best for: Minimizing the amount of interest you pay. There’s a good reason to pay off your highest interest debt first – it’s the debt that’s charging you the most interest. Read more on www.bankrate.com One … Read more

Is it better to pay the original creditor or collection agency? In most cases, the original creditor will give you more generous terms for repayment than any debt collector will. The original creditor will also be happy to recoup the debt that they extended to you, at least most of the time. Paying the original … Read more

How much savings should I have at 25? Many experts agree that most young adults in their 20s should allocate 10% of their income to savings. Read more on localfirstbank.com You are probably beginning to consider your financial future as a 25-year-old. How much money should a young adult have in savings at this stage … Read more

Construction, home remodeling, and renovation are just a few of the professional services that contractors offer to clients. Even though most contractors make a respectable living, some are able to amass sizable fortunes over time. Here are some pointers for making money as a contractor: 1. Focus on a high-demand niche: Contractors who specialize in … Read more