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3 interesting things I saw this week – July 22, 2022

July 22, 2022 By Mike

New cars are expensive. Family loans and the IRS. Salary vs. owner’s draw.


Average car payments hit a record high. Here’s what to know (NY Times)

When did this happen? The average monthly payment for a new care is now about $700. Staying up on all things personal finance is my job and I’m still surprised on a regular basis.

The one place you can still get a 3% home loan: Your family (Wall St. Journal)

Thinking about lending money to a relative? Be aware that the IRS has a minimum interest rate you can charge.

Salary vs. owner’s draw. How to pay yourself as a business owner (Quickbooks)

Good fundamental information for small business owners on the 2 structures for paying themselves.

If your ship doesn’t come in, swim out to it.

Jonathan Winters

Filed Under: 3 Interesting Things Tagged With: Cars, Mortgage, Small Business

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