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Opher Ganel
Opher Ganel

3.7K Followers

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Published in Financial Strategy

·Pinned

Quickly Find My Top Stories

See a different way of looking at all things money — links that take you to my top stories, or scroll down to discover my latest… — 3 Greatest of my Latest Be a Money Contrarian Financial Independence (don’t call it retirement…) Invest Differently More Ways to Make Money To Buy Cars Well, Do This, Not That… Read every story you want from Opher Ganel (and thousands of other writers on Medium), whenever you want… As a Medium member, you get full access to every story, and a portion of your membership fee supports the writers you read…opher-ganel.medium.com

Money

1 min read

Money

1 min read

Quickly Find My Top Stories

See a different way of looking at all things money — links that take you to my top stories, or scroll down to discover my latest…

  • 3 Greatest of my Latest
  • Be a Money Contrarian
  • Financial Independence (don’t call it retirement…)
  • Invest Differently
  • More Ways to Make Money
  • To Buy Cars Well, Do This, Not That…

Read every story you want from Opher Ganel (and thousands of other writers on Medium), whenever you want…

As a Medium member, you get full access to every story, and a portion of your membership fee supports the writers you read…

opher-ganel.medium.com

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Published in Making of a Millionaire

·17 hours ago

Pay Every Debt Off ASAP? Surprisingly, the Answer Is No!

How to get debt payoff priorities right… — There’s a difference between “being in debt” and “having debt.” You may think the difference is subtle, but it’s anything but… Being in Debt Back in 1992, I borrowed $6000 at 10.4% (!) interest to buy a used car. As I’ve written elsewhere, that was one of my biggest financial blunders. The $195…

Debt

9 min read

Pay Every Debt Off ASAP? Surprisingly, the Answer Is No!
Pay Every Debt Off ASAP? Surprisingly, the Answer Is No!
Debt

9 min read


Published in Crow’s Feet

·Jan 27

Can You Overcome Life Expectancy Risk in Early Retirement Planning?

My thoughts on what you can do to avoid poverty in your old age, and what six financial pros have to say — A few days ago I read this interesting piece by Mel Schlesinger titled “More Terrible Retirement Advice in the Headlines.” In the article he writes (among many other interesting and helpful nuggets), “Whether it is your family health history or the life expectancy at a given age, planning for anything…

Retirement Planning

10 min read

Can You Overcome Life Expectancy Risk in Early Retirement Planning?
Can You Overcome Life Expectancy Risk in Early Retirement Planning?
Retirement Planning

10 min read


Published in Making of a Millionaire

·Jan 24

Can Spending $10,000 on a Wonderful Couch Make Perfect Sense?

Two scenarios where the answer is (unsurprisingly) “No,” and one where it’s “Yes!” — I was scrolling through Medium’s Money topic as I do most days when I ran across a piece by Matthew Boutte “Why spending passive income is radically different than spending earned income.” Wait what?! What’s that subtitle? “Or, why I might consider spending $10,000 on a couch” Really?! Spending $10,000…

Passive Income

6 min read

Can Spending $10,000 on a Wonderful Couch Make Perfect Sense?
Can Spending $10,000 on a Wonderful Couch Make Perfect Sense?
Passive Income

6 min read


Published in Crow’s Feet

·Jan 8

Balancing Today and Tomorrow — Key to Life, Happiness, and Wealth

Prosperity and happiness require you to learn to manage opposing priorities… — It’s a constant tension. Present vs. future. Future vs. present. Do I spend all my money on the fun stuff I want now? Do I keep it all stashed away for future needs? As kids, we reached for immediate gratification, almost without fail, being extremely present-focused. Sooner for some, later…

Balance

10 min read

Balancing Today and Tomorrow — Key to Life, Happiness, and Wealth
Balancing Today and Tomorrow — Key to Life, Happiness, and Wealth
Balance

10 min read


Published in Making of a Millionaire

·Jan 4

Quick, EV or Hybrid — Which Is Actually Cheaper to Drive?

A data-based comparison of the cost per mile of driving 20 EVs vs. “typical” hybrids — Living in the suburbs, with both of us running businesses, my wife and I need two cars. Once Covid stopped shutting down everything, and given gas prices, we spent about $270 a month just on gas. That’s over $3200 a year! Crazy! In late 2021, I replaced my 10-year-old gas-powered…

Cars

8 min read

Quick, EV or Hybrid — Which Is Actually Cheaper to Drive?
Quick, EV or Hybrid — Which Is Actually Cheaper to Drive?
Cars

8 min read


Published in WikiMonday

·Jan 1

7 Sure Ways Debt Grows — What Increases Your Loan Balance?

Some are trivial, but some can sneak up on you… — Do you know how many Americans carry debt? I had to look it up but was unsurprised to learn it was 3 in 4 Americans. If you’re reading this, chances are you’re in that 75% majority who have at least some debt. I know I am, though I make sure…

Debt

10 min read

7 Sure Ways Debt Grows — What Increases Your Loan Balance?
7 Sure Ways Debt Grows — What Increases Your Loan Balance?
Debt

10 min read


Published in Crow’s Feet

·Dec 26, 2022

Make Your Kids Wealthy Retirees with 529 Money? Fresh Method

A little-known provision of the new SECURE Act 2.0 lets you turn “stranded” 529 money into millions for your kid’s retirement… — I’ve written about them before. 529 plans are a great way to save for your kids’ college education, offering great tax benefits. And if your kids do get a college degree, they’ll make as much as $900,000 more over their lifetime. That by itself can help them become millionaires.

Taxes

8 min read

Make Your Kids Wealthy Retirees with 529 Money? Fresh Method
Make Your Kids Wealthy Retirees with 529 Money? Fresh Method
Taxes

8 min read


Published in Making of a Millionaire

·Dec 25, 2022

How Significant New RMD Provisions Will Impact Your Retirement Money

The dreaded Required Minimum Distribution may have become less dreadful… — President Biden just signed into law a bi-partisan $1.7 trillion omnibus budget bill. Tucked into that massive law is the so-called “Setting Every Community Up for Retirement Enhancement” (SECURE) Act 2.0, which makes some big changes to the American retirement-plan landscape. One of the big areas of change is the…

Rmd

11 min read

How Significant New RMD Provisions Will Impact Your Retirement Money
How Significant New RMD Provisions Will Impact Your Retirement Money
Rmd

11 min read


Published in Making of a Millionaire

·Dec 24, 2022

Self-Employed See Massive Benefits vs. Employees — 2 Creative Low-Risk Solutions

With 2023 within touching distance, will this be the year you finally become self-employed? — Whether you make the national median of about $54k or multi-six figures, being self-employed offers huge benefits over staying an employee. This is especially true if your employer classifies you as “exempt,” expects you to work long hours without overtime pay, yet pays you an underwhelming salary. You may have…

Self Employment

7 min read

Self-Employed See Massive Benefits vs. Employees — 2 Creative Low-Risk Solutions
Self-Employed See Massive Benefits vs. Employees — 2 Creative Low-Risk Solutions
Self Employment

7 min read

Opher Ganel

Opher Ganel

3.7K Followers

Consultant | physicist | writer |financial strategist | avid reader | amateur photog. | support my writing here ➜ https://opher-ganel.medium.com/membership

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