Tyler, yep, looks like you made $53,000 of income this year. Yep. Okay, so you owe us. Not so fast, Mr. Taxman! This year, I believe you owe me a $2,000 refund. Oh great. That was close. What do you mean, great? I thought you knew a thing or two about taxes, huh? Well, most people don't know this, but getting money back as a refund isn't exactly a good thing. Of course it is. It's a refund. You see, that's what we want you to think. That $2,000 was never ours to begin with; it's your money. You just decided to give it to us for a year. I don't know why, and we paid you 0% interest on it. But I could have invested that money and made 5% in a high-yield savings account. Yep, and instead you probably got that 5% off of my money. Yep. Well, that's even worse than paying taxes.

Learn why receiving a tax refund might not be as beneficial as it seems. Understand the implications of giving the government your money interest-free and how to better manage your finances.