Bigger Insights Finance Blog

Description

The Bigger Insights Finance blog helps you build a life you don’t need a vacation from. The goal of this blog is to give you the education and insights you need to plan your financial future, as well as grow and protect your assets. Some of the topics discussed include:

  1. Budgeting and saving
  2. Debt management
  3. Retirement planning
  4. Investing: Stocks, bonds, real estate, commodities, gold, silver, cryptocurrency
  5. Business development
  6. Tax planning
  7. Tax-favored accounts: 401(k), IRA, HSA
  8. Risk management
  9. Asset protection
  10. Estate planning

Bigger Insights is about sovereignty and resilience. In addition to our blog and podcast content, we provide consulting services to clients like you in one-on-one sessions. We help our clients achieve their goals and secure their future through finance, security, privacy, and technology. If you like this content, see our Privacy & Security and Technology blogs as well.

Posts

Woman Shopping - Holding Shopping Bags - Retail - Spending Money

What Does it Mean to be Able to Afford Something?

Most everyone will agree that you shouldn’t buy things that you can’t afford, yet so many do. Why is that? It seems to us that one of the reasons for this is because many don’t know what it means to be able to afford something. Spoiler alert – it doesn’t mean you have enough money in the bank or have just enough income to cover it. In this episode, we're going to give you some things to think about when you're doing your budgeting, financial planning, or considering making a large purchase like a home, car, wedding, etc. Visit us ...
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Sign - Mistake - Oops - Graveyard - Estate Planning

7 Common Estate Planning Mistakes to Avoid

Intro 1 out of 3 US adults have an estate plan. 3 out of 3 should have one. Estate planning is one of the most important, yet most neglected responsibilities. There are many reasons for this, not the least of which is that estate planning is complicated. However, avoiding estate planning doesn’t make life’s complications disappear. In this post, we explore 7 common estate planning mistakes that you should try to avoid as best you can: Not having an estate plan Waiting until you need an estate plan to create one Not communicating your estate plan Not maintaining your estate ...
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Inflation - Burning Money - Cash - US Dollar - Purchasing Power - Waste

Why the 2020s Decade Will Likely Be Inflationary

One of the biggest macroeconomic debates of today is whether we'll experience inflation or deflation over the coming years. If you survey 50 economists, you'll come up with 50 different answers. However, after much research, our opinion is that the 2020s decade will likely be inflationary in terms of the purchasing power of the US dollar (USD) within the United States. We explain our reasons why, supported by data, as well as deflationary risks that consumers and investors should be mindful of. It should be noted that although we expect inflation in aggregate, we also believe that, similar to the ...
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Cryptocurrency - Bitcoin - Blockchain - Risks - Privacy

Bitcoin’s Fundamental Flaw That No One’s Talking About

Bitcoin has a lot going for it. It has a very robust network, is rather decentralized, can’t be duplicated, etc. We’ve all heard the sales pitch. However, Bitcoin has a fundamental flaw that no one’s talking about. When it comes to privacy, frankly, we’re a little concerned. It’s no longer a secret that Bitcoin isn’t very good for privacy, but we’re convinced that Bitcoin’s transparent, public ledger will prove to be a bigger liability for investors than most realize. In this episode, we explain our reasoning for these concerns, as well as ideas for mitigating them moving forward. We also ...
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Oil - Crude - Pump - Oil and Gas Prices - Inflation - Environment - ESG

Why Biden is Really Going Overseas for More Oil

You may have seen the headlines that President Biden has visited Saudi Arabia or been in talks with oil producers, essentially begging for more oil. You’ve definitely seen the heart-stopping prices at the pump. We hear a lot about America’s dependence on foreign oil, yet the US is actually the world’s largest oil producer (at least as of 2021). So if we have such a thriving oil and gas industry, why is Biden really going overseas and basically begging our enemies for more oil? Before we dive into the weeds, we would like to stress that this is not an ...
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What is Wealth? Wealth is Time and Money

What is Wealth? A Modern Perspective

Is it how much money you have, how big your house is, how nice your car is, or how often you can go shopping? This is what comes to mind for many when they think of what wealth is and who has it. I recall talking to a friend about a mutual acquaintance who has a nice house and spends a lot of money. She said, “They’re rich!” Little did she know, they were borrowing money from me to pay bills – that’s not rich. Many will see those who spend a lot as being rich and those who do ...
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Business People Working Together - Making Money - Investing

The Three Types of Income

When most people think of wealth, they think of people who have a lot of earned income. This is why politicians and ignorant voters obsess over marginal tax rates on the wealthy. Little do they realize that the truly wealthy get most of their wealth from other types of income (see What is Wealth? A Modern Perspective). There are essentially three types of income in the US tax code, in general order of tax burden from greatest to least: Earned income Portfolio income Passive income Earned Income Description Also known as ordinary or active income, earned income is the money ...
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Disclaimer

Bigger Insights, LLC, an Ohio limited liability company (“we”, “our”, or “us”), provides general educational information on various topics in our blogs, as a public service, which should not be construed as professional, financial, real estate, business, tax, legal, marital/relationship, family planning, health, or other advice. The content in our blogs only represents opinions and views expressed by the authors of said content. See our full Disclaimer for more details.

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