Sentences with phrase «much income off»

Don't assume because the asset balance is high that you are necessarily better off, because you might not be able to earn as much income off your assets.

Not exact matches

«I was trying to get [my business] Effective Networking off the ground, I had debts from a business that didn't make it, and too much was in my own name,» explains Darling, who also got sidetracked by other projects that weren't generating income.

Small - business owners remain much worse off financially than they were before the Great Recession because they suffered a particularly deep drop in income during the economic downturn.

Just as debt deflation diverts income to pay interest and other financial charges — often at the cost of paying so much corporate cash flow that assets must be sold off to pay creditors — so the phenomenon leads to stripping the natural environment.

Include how much retirement income you'd want per withdrawal, the rate of return you think your money will grow at when you start collecting retirement, how long you expect to live off your retirement fund and how many times you'd like to make a withdrawal per year.

My income situation could change due to possible lay offs or might not be able to save as much due to pay decreases.

As much as paying off debt is important, if you won't be able to pay off all your debt, you can use the deductibility you have from some to save on taxes and create an income to pay off the high - interest or bad debt.

Once you know your true monthly income, you'll have a greater understanding of what you can actually afford — and how much money you have available to pay off debt.

To that end, if you've got enough income to make more than the minimum payment, not only can you pay your debt off much more quickly, but your credit score will benefit greatly, as well.

His dad is a construction worker who was disabled in a work accident, and now lives off of disability payments (not much income there).

However, investors are much better off placing the cash component of their portfolios into the money market, which offers interest income while still retaining the safety and liquidity of cash.

A smarter way is to try to complete as much time - consuming administration, business planning and customer research projects as possible before cutting off paycheck income.

Nothing comes close to allowing you to put away so much money, compound it for decades, and then live off the passive income without ever sending anything to the Federal or State governments again.

At the same time, many low - and middle - income taxpayers simply do not participate in the regular and automatic saving vehicles through which much wealth accumulation occurs, such as paying off a mortgage and making regular deposits to retirement accounts.

But because so much of our national income is concentrated in relatively few hands, large numbers of Americans are worse off economically than their counterparts in other advanced countries.

Still, many people will say that while the U.S. economic system may generate a lot of inequality, it also generates much higher incomes than any alternative, so that everyone is better off.

The unemployment rate for married men is just over 3 percent (and for married women not much higher), which is why relatively few married - couple families in 1992 had incomes below $ 16,960, the cut - off point defining the bottom 20 percent.

Some — Cleveland's, for example — found to their dismay that it is much easier to turn off an old source of income than to turn on a new one.

This year we are really working hard to do a few things financially including paying off as much of our student loans as possible and saving as much of our income as possible.

► When parents were asked about problems that make it difficult for their child to continue participating in sports, 32 % who are less well - off (household incomes less than $ 50,000 / year) say that sports cost too much; while 16 % of parents who are more well - off (household incomes $ 50,000 / year or more) say that sports cost too much.

St. Louis financial planner Chad Slagle recommends determining how much coverage to get this way: «Add up all your debt — autos, house, credit cards, outstanding student loans — and calculate how much insurance would pay off that debt and then give you enough interest income to cover your expenses while staying home to take care of your family.»

I guess my comment - written in too much haste and not enough thought - is a good example of how «ordinary» people can be earning a lot more than is typically expected or assumed, and in turn how popular perceptions of income distributions can indeed by quite far off the mark.

The prime minister hit back by saying that while the tax credit system may have its problems, he was proud of it - and noted that low - income families were much better off under Labour, when the economy and inflation rates were stable, than under the Tories.

Trumpcare will accomplish one thing — kill off poor people so the very wealthy (much above your income I suspect) can get a large tax cut!

The Institute for Fiscal Studies has shown how Lib Dem insistence on raising income tax thresholds has helped the better off far more than low earners who don't pay much, if any, tax.

Any squeeze on their pay will put a stranglehold on local businesses and services, cutting off much needed income.»

Fresh off their brand - new pay raise, every City Council member now makes more than the median income of the district they represent, with some making more than seven times as much.

Writer / director Anna Muyleart examines class and income difference in a much, much quieter register in «The Second Mother,» a domestic comedy - drama that starts off from a fairly pat premise but builds strength over the course of its careful, empathetic, and crafty unpeeling of its characters.

When choice is freely available and income no longer a constraint, private schools have disproportionate appeal to those who are less well off, and whose need for new opportunities is clearly much greater.

Of course, the problem is even where teachers have agreed to a wage freeze you have increasing costs — without additional state aid — those extra dollars will have to come from the local property tax which is much more unfair for the middle class than raising money through the income tax (assuming you don't let the millionaires off the hook like the Governor did).

Not only is self - publishing a great source of passive income, something that pays off every month without much work, but it's a natural fit for bloggers.

Even worse, a bigger - than - expected setback might rattle you so much that you end up selling off much of your stock stake, disrupting your long - term investing strategy, possibly relegating you to subpar returns and ultimately less retirement income.

The lender will look at your credit score, income, debt amounts, less what you'll be paying off, the value of your home and how much you owe on your current mortgage.

I agree these do not make much financial sense for people earning a steady income, but when I was starting out as a student with no income and only expenses, 60 days to pay off the microwave and fridge did make a difference.

However, if you tend to take on season jobs that result in much higher income during one part of the year, this will throw off your monthly average.

You can tax wealthy people as much as you like, but if the definition of income is loose, you can bet that the wealthy will take advantage of it in ways that those less well - off can't.

If necessary to help a well thought out debt pay off plan succeed, and after living expenses have been scrutinized and income bumped as much as possible, cutting temporarily contributions to a retirement plan might be a good idea.

My dream would be to find a job I enjoy so much that I do it for fun rather than money, but short of that, I'll work my @ $ $ off and build passive income streams as quickly as possible to get out of the rat race.

Be sure to think about how much income your family will need to carry on, including daily cost of living, paying off a mortgage or debt, and college tuition.

Your DTI shows how much of your income goes to paying off debt each month.

To top it off, they're not always getting as paid as much as their male colleagues, and they see a big bulk of their incomes being swallowed up each month by childcare costs.

Actual amounts will vary with each person, but the important point to remember is that you have to make the most of your personal «sweet spot» when major expenses are paid off, but you're still earning a high income — to sock away as much as you can.

But income plays a huge role and how much income is saved and how much debt is payed off really makes a difference.

Since you are then paying it off faster at a base payment, you may then want to take MrChrister's advice but put all extra income toward investments, feeling secure that your house will be paid off much sooner anyway (and at a lower interest rate).

The limitations on how much you can write off on your taxes for charitable contributions are very high: Your total charitable deduction for the year can't exceed 50 percent of your adjusted gross income.

When we first put this plan together our income was half as much as it is today, so we are already talking about expediting the plan and shooting for a more aggressive 5 year pay off (having it paid off by end of 2019.

This lifestyle paid off when the husband recently lost his job; since they had so much cash stockpiled and paid down so much of their debt they were able to live off one part - time teacher's salary as well as investment income.

If you mess around trying to minimize your taxes paid by investing outside RRSPS / TFSAs, your investments won't grow as much and you will also end up with less net income, not a good trade off just for sticking it to the man.

Once you have a handle on your spending and income, it becomes a lot easier to figure out how much debt you can feasibly pay off during your card's 0 % introductory period.

Whether its savings, a retirement fund, your final pay check or other smaller income amounts, knowing what you have from the very beginning could better help you prepare for organising how much of that will need to go towards your outgoings and how much you'll have to spare to pay off necessary debts or to put towards finding new work.