What Does Freedom Mean to You?

What Does Freedom Mean to You?

Sabbatical Sundays
Women’s Money is about helping you to fund your freedom.  What does this mean? It means affording the life you want.  But what exactly does freedom mean to you? Every person has her own definition.   For you, is freedom being free from something? Or being free to do something?  Are you looking for freedom from a job? From a boss? From a salary?  Maybe you’re looking to move.  Maybe you’re looking to be free from a person. Or you want the freedom to choose when and how you work? Do you want the freedom to buy whatever you want? Fly first class around the world at the drop of a hat?  Or does freedom look like spend an afternoon hiking in a local park, with no constraints on your time?…
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Sabbatical Update: Rock Bottom on the Amalfi Coast

Sabbatical Update: Rock Bottom on the Amalfi Coast

Sabbatical Sundays
Picture this: 3 weeks into my sabbatical we arrived on the Amalfi Coast. White stony pebble beaches, waves crashing, and endless turquoise water. Limoncello and olive tree groves at every turn. And despite this supposed beauty and peace, I hit a new low. A message popped in from a recruiter. For a position at one of the largest make-up manufacturers in the world. I got really excited and decided I should apply. I had the skills. The position was remote. The salary was incredible. I started picturing myself interviewing and getting the job.  I checked the company’s stock price, it had been a rough year but an incredible five years. The type of position they reached out to me for showed they are a sophisticated and complex organization. I awoke…
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Surprise!  The Big Reveal

Surprise! The Big Reveal

Uncategorized
I’m ready to let you in on a secret. Remember Sam’s Sabbatical Sunday series? Starting a little over a year ago, “Samantha” wrote weekly articles for Women’s Money.  She wrote about why to take a sabbatical, how she saved $100,000, signs of burnout, and how to get health insurance while on sabbatical. You can find the whole series here.  Well, the truth is “Sam” was not Samantha - but me - Elizabeth. For various reasons, a pseudonym was the best choice for me writing those posts at that time. But now, I’m ready to be out. (Not out as gay, I was that many years ago!) But out as someone who left her corporate career behind to take some much needed time to refresh. When much of your identity is wrapped…
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Should You Take Money Out of a 529 Account While the Market is Down?

Should You Take Money Out of a 529 Account While the Market is Down?

Uncategorized
When the market is down, it’s worth reviewing everything in your portfolio. Even your child’s 529 plan. Are you comfortable with your allocation of funds? How does your risk tolerance feel given the bear market? Is tax loss harvesting worth it for you?  But I have another more unique strategy to consider: taking money out of your kid’s 529 plan. That’s right. I’m suggesting selling off the college savings fund for your precious child. And not just at any time, but when the market is down! Hear me out. Perhaps you’ve been investing diligently in your son or daughter’s 529 account for the past few years.  Let’s assume you already have invested $30,000 in the account. But due to market timing and the downturn, you now have just $33,000 in…
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Is Tax Loss Harvesting Worth It? 9 Things to Know

Is Tax Loss Harvesting Worth It? 9 Things to Know

Saving & Investing
When the market it down -- like it is now -- it's a good time to be thinking about tax loss harvesting. What is tax loss harvesting? And is tax loss harvesting even worth it? Here are 9 things to know. Tax Loss Harvesting is a Great Technique to Save on Taxes Tax loss harvesting may sound like something you only need if you’re uber wealthy or a day-trader. But anyone with a non-retirement investment account can benefit. During down times of the market, or if you have any individual stock or fund that you’ve lost money on (regardless of the market) you can benefit from tax loss harvesting. It’s much simpler than it sounds. As I’ll detail further, it’s a great way to save on taxes.  Tax Loss Harvesting…
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How to Buy I Bonds for Kids

How to Buy I Bonds for Kids

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With inflation extraordinarily high, and interest rates on general accounts quite low, you may be asking yourself “how can I buy more I-Bonds?”  I-bond rates right now are over 9%. Unfortunately, the amount you can purchase is capped at $10,000/individual. So you can only purchase $10,000/year in I-Bonds. If you’re married, your spouse can also purchase $10,000. We use I-bonds as part of our cash management/long-term emergency savings fund.  Since you can cash the bonds in at any time after holding for 12 months, and have to just pay a 3-month interest penalty on them (when held for under 5 years); it’s a great way to keep long-term emergency savings. Side note, I wouldn’t recommend putting all of your emergency savings into I-bonds though as if you need some cash…
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Wimbledon’s Best Kept Secret: How to Get Cheap Tickets without Queuing

Wimbledon’s Best Kept Secret: How to Get Cheap Tickets without Queuing

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I’m a lifelong tennis player and have always dreamed of going to Wimbledon; so when we had flights booked to London during the tennis tournament, I had to go, right? Absolutely. The only problem? No ticket. I spent easily 50+ hours over the months leading up to Wimbledon trying to figure out how to get tickets to the event. I read hundreds of articles, websites, blog posts, forums on TripAdvisor. And yet, I couldn’t bring myself to cough up the $1000+ to spend on a ticket for the famous Grand Slam tennis tournament. I wanted to bring my son, if not my whole family, and the value just didn’t seem worth it for a single day of tennis.  Stubhub Tickets and Amex Tickets to Wimbledon Were Too Expensive When I…
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How Find More Time Each Day: 7 Tips

How Find More Time Each Day: 7 Tips

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I can't find a scientific survey to back me up on this, but I'm fairly certain that women have less time than men in their lives to do the things they want to do. Or at least they think and feel that they do. Why is this? Women tend to do more of the household upkeep than men do - whether it's cleaning the house or taking a larger share of parenting responsibilities. In the last few years, the struggle women have to do it all has been further underscored with COVID, and increasingly, women have been leaving their jobs. Then there are stories about women in corporate America who seem to actually be doing it all. Maybe you know them; or maybe you read about them.  When you read…
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How to Make Money Recycling Your Electronics

How to Make Money Recycling Your Electronics

Take Action
How many old cell phones or laptops do you have sitting around your house right now? What about Apple Watches, AirPods, cameras, eReaders, bluetooth speakers, or even GPS systems? Letting these sit is like burning money. You can literally lose money overnight the longer they stay stashed in a drawer or hidden away under an old couch in the attic. So, in preparation for the summer season (where chances are high that you'll accumulate some new electronic) this week's action is about recycling your electronics to earn money. Why You Should Recycle Electronics It's Better for the Environment You don't want to get to a point where you are so tired of having old electronics laying around your house that you just throw them out. Putting electronics in the trash…
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How (and Why) to Find a Second Job

How (and Why) to Find a Second Job

Take Action
May is make more money month at Women's Money. The first post in the series, Decide How You'll Make More Money, is a must read before this post. The second post in the series was about making more money at work. And last week's post was about How to Make Money on the Side About This Week's Action This week’s post is about how to get a second job. A second job is a much better option than freelancing for many people because you earn a regular amount of money without having to put forth a lot of extra stress. (Yes, there is a lot of time required with a second job, but because of the stability of work it’s not as stressful as freelancing.) Why Make More Money on…
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