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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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Calculating Taxes Income taxes for freelancers are not straightforward deductions from a salary, but are calculated based on the profit derived from their business activities. This makes it easier for freelancers to afford health insurance coverage as required by the Affordable Care Act.

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3 Common Money Myths Debunked

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TRY THIS: The app Acorns rounds up each of your purchases and invests the spare change. When your money sits in a savings account, even with a decent 1 percent interest rate, it fails to keep pace with inflation and loses purchasing power over the long term. It’s OK to settle for a starter salary. Investing is too risky.

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5 Long-Term Financial Goals and How to Achieve Them

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Your long-term goals are an important aspect of your financial health. Most people use a mortgage to buy real estate, but many mortgage lenders ask for at least 20% of the purchase price as a down payment. Regularly review your goals and adjust them as needed, such as increasing your retirement savings if you get a salary increase.

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These 10 Remote-Friendly Companies Help Pay For Employee Vacations

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In a new survey , 62% of people said “vacation time” is one of the most important job benefits, following closely behind remote work (77%) and salary (83%). . They also receive discounts on retail and travel packages purchased through the site. . Car purchase . FullContact. PulsePoint. Employee discount programs like: .

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Do I Need to Buy Life Insurance?

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People purchase life insurance to help their families replace lost income and cover final expenses after death. The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors. As part of your research, consider the financial health of the company.

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Who’s Stuck With The Bill?

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There are also some countries and cities that are legislating reimbursements for remote work costs and putting the onus on employers to ensure health and safety for remote workers. You may need to make your own pension or retirement contributions from your salary if your employer is not contributing towards that. .

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Lessons From Past Recessions

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Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items. What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)?