Jim Wang

Maryland

Curious about money, entrepreneurship, and self-improvement. Personal finance blogger at https://t.co/bIcCp71B59 & father of four, @Forbes contributor

Articles

10 Estate Planning Tasks Everyone Must Do Before Dying

2 weeks ago | forbes.com | Jim Wang

Senior couple hugging in a nursing home. A happy senior couple standing next to a window in a ... More nursing home, hugging and smiling. They have all care they need. getty It’s never fun to think about death, especially your own, but estate planning is extremely important. It’s unpleasant but by planning ahead and getting your affairs in order, it makes it much easier for your loved ones to move on. The worst thing you can do is avoid it completely.
How to Earn Airline Miles and Hotel Points without a Credit Card

1 month ago | wallethacks.com | Jim Wang

This is how the travel hacking world works in a nutshell:Get a credit card with a huge welcome bonusScour reward ticket calendars for amazing deals, which are often last minuteTake advatange of transfer bonuses to get extra pointsAnd the hard part of all this, beyond the spending, is that it requires a lot of work. Or you pay for a service to help you find it.
Cuatro maneras en las que estás desperdiciando plata sin saberlo

1 month ago | forbesargentina.com | Amura CMS |Jim Wang

A medida que pasan los años, tu presupuesto se vuelve más complicado. Tenés más cosas y esas cosas requieren mantenimiento. Tal vez tengas una casa, lo que implica una larga lista de facturas asociadas. También acumulaste suscripciones con el tiempo, y a veces te olvidás de que las seguís pagando. Hoy repasamos cuatro maneras en las que podrías estar malgastando plata sin darte cuenta. Tomalo como una lista para revisar tu presupuesto y ver si estás perdiendo guita por estas razones.
Are $1,000 Trump Accounts A Good Idea?

1 month ago | forbes.com | Jim Wang

Republicans in the House of Representatives passed the GOP “One, Big Beautiful” budget bill which included a provision for Trump Accounts. Previously called “MAGA Accounts Contribution Pilot Program,” in which MAGA stood for Money Account for Growth and Advancement, this provision is similar to the $5,000 Baby Bond suggested by Senator Hillary Clinton when she was running for President. What is a Trump Account?
My Biggest Investing Mistake and How You Can Avoid It

1 month ago | wallethacks.com | Jim Wang

It's easy to tell people that they shouldn't react emotionally when they're investing. Don't sell when you're scared and don't buy when you're excited. Leave the emotion out of it. And I've written those same things over and over again because it's good advice. But knowing not to do something logically is not the same as knowing it when you're in the emotional soup that is daily life. One of my biggest investing mistakes was doing just that – reacting emotionally.
6 Ways You’re Wasting Money Without Knowing It

1 month ago | forbes.com | Jim Wang

As you get older, your budget gets more complex. You own more things and those things need maintenance. You might have a house, which includes a laundry list of associated bills. You have subscriptions you signed up for over the years and sometimes you forget you even have them!Today, we’ll cover ten ways you’re potentially wasting money without even knowing it. Use it as a checklist to scour through your budget to see if you’re wasting money in these ways.
How Interest Rate Changes Affect Your Finances

1 month ago | forbes.com | Jim Wang

President Trump has been very vocal in calling for the Federal Reserve to lower interest rates. Federal Reserve Chairman Jerome Powell hasn’t blinked. In the most recent May meeting, the Federal Open Market Committee (FOMC) kept the target federal funds rate the same. The FOMC, as you may recall, is the 12-member body that decides monetary policy and sets the target interest rate and hasn’t changed it since last December.
Warren Buffett's Exit Proves We've Been Thinking About It All Wrong

1 month ago | wallethacks.com | Jim Wang

Over the weekend, Warren Buffett announced that he was going to retire at the end of this year. After 60+ years of running Berkshire Hathaway, Buffett told everyone at the annual shareholder’s meeting that he was to retire at the end of the year and that Vice Chairman Greg Abel should take his place. Warren Buffett is 94 years old. Like many, I’ve been a fan of Warren Buffett for decades and have read the opening pages of his annual shareholder letters for just as long.
Never Ever Hoard Loyalty or Rewards Points

2 months ago | wallethacks.com | Jim Wang

At no added cost to you, some of the products mentioned below are advertising partners and may pay us a commission. This blog has partnered with CardRatings for our coverage of credit card products. This site and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author's alone and have not been reviewed, endorsed or approved by any of these entities. We may receive commission from card issuers.
How To Tariff-Proof Your Finances

2 months ago | forbes.com | Jim Wang

Tariffs have been around for centuries but only in the last year have most Americans had to think about they’ve impacted their finances. It seems that every week brings a new round of tariff news and it’s understandable that you might be weary of them. Fortunately, there are things you can do to try to tariff-proof your finances. These steps are, in generally, good for your finances whether high tariffs persist or if the President steps them back, so it benefits you to do them either way.