On average, Americans who build any wealth, do it by owning their own home. In the long run, owning a home is usually better than renting for life. However, if you’re willing to “house hack,” owning a home could catapult your net worth immediately.

Broadly speaking, house hacking is the art of having tenants pay for your primary residence. You can do that by renting out a spare bedroom on Airbnb, by living in one part of a multi-unit property, or by living with roommates.

For example, my best friend bought a 4 bedroom house when he started in college at Arizona State University. He lived in the master bedroom, and rented out the three other rooms. This arrangement covered all his expenses - so he was not only building wealth, but living for free!

By choosing an unconventional primary house (or unconventional living situation), you can set yourself up for extremely low living expenses now, and massive cash flow expenses in the future.

It's almost the New Year! It's time to set New Year's Resolutions. And for many, increasing your savings is usually one of them.

Barring any major life events, now’s the perfect time to start boosting your savings and really kicking your financial plan into overdrive.

Whether you’re looking to get out of debt, or are trying to maximize your investments, here are five tips to boost your savings that you probably haven’t thought of yet.

Inflation can be scary for investors because many of them see inflation as eroding their investment returns. This true to some extent but depending on the investment, it can go up with inflation, offsetting much of inflation’s negative effects.

Is inflation a concern in the current economic environment?

“The strong willingness of companies to hold onto labor is a strong signal of the difficulty of replacing workers,” said John Ryding, chief economist at RDQ Economics in New York, told Reuters. “At this point we would expect another robust gain in jobs (in March) and a drop in the unemployment rate to 4.0 percent.”

However, inflation hasn't really been an issue for several decades... that usually means that sooner or later, we're going to see inflationary pressure again. And with the Federal Reserve still near all time lows for interest rates, it could be hard for it to combat it at the current time.

There are multiple ways to invest in marijuana stocks and the broader cannabis industry. But can it get you fired?

When you can’t pay your taxes or are having problems resolving issues with the IRS, what are your options? You might be able to use an accountant, but many people in such a financial position try to file taxes on their own and don’t have an accountant.

You definitely aren’t out of options. The Taxpayer Advocate Service (TAS) helps people resolve tax issues with the IRS. The service doesn’t cost anything, but you must be approved to use the service.

In this article, you’ll learn what TAS does, the types of cases that get approved, and when you should contact a taxpayer advocate.