There have been a lot of tax and financial announcements due to the COVID-19 pandemic. Here are some tax, unemployment and loan updates. Tax Filing and Payment Due Dates Extended The Treasury Secretary announce that the tax deadline for all businesses and individuals is delayed from April 15th to July 15th. Additionally, they will be […]
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Wanna Be More Comfortable Financially?
Isn’t this what everyone says, that they want to be more comfortable financially? There are two ironies that are common with this thought, but you can do something about it. Scenario #1 In this scenario you are making a good living, saving plenty, built up a good portfolio of assets, and have little to no […]
Should Married Couples Keep Their Money in Separate Accounts?
It’s not uncommon for married couples to keep their money in separate accounts, specifically checking accounts. With retirement accounts, each spouse must have their money in a separate account, including IRA’s and 401k’s, but is it ideal for a married couple to have separate checking accounts vs. a joint account, and why is this important? […]
Do You Make a Good Living and are Actually Poor? You Probably Need to Stop Doing These 3 Things.
We spend so much of our time working, working, and then working some more to make a good living, but do you have anything to show for it? I don’t mean showing off, but rather having a strong financial foundation with minimal debts, savings, investments, and other valuable assets. If not, then keep reading . […]
How to Destroy Your Business Success in 6 Steps
Sometimes to be successful means to avoid doing the things that will destroy your success. It’s easy to go down the wrong path and it’s important to be aware of this. Step #1: Saddling Your Business with Debt Conventional wisdom states that there is smart debt vs. dumb debt or a similar description of two […]
Do These 6 Things Differently than Others if You Want to Get Ahead Financially
Do you ever wonder what the difference is between those who get ahead and those who are constantly struggling? There is a pattern of actions that are taken repeatedly by those who get ahead, while the opposite is true of those who struggle. Action #1: Delayed Gratification The financial impact of delaying gratification for future […]
Why You Shouldn’t Sell Your First Home
The common scenario is this: purchase a small, starter home and then move after 5 to 10 years into another, much larger home. But is this a prudent move or are there other options? There is one, largely overlooked option, that can have a great financial impact on your finances. The option is to move […]
Which Type of Business is the Best One to Own?
Which type of business is the best one to own? The short answer is one that makes money, but the long answer is that it should have all or some of the following characteristics: Simple product or service: The more complex the product or service you are offering, the harder it is to operate your […]
5 Practical, Passive Money Making Ideas
There are many ways to make money that do not involve a lot of ongoing effort, and they are actually practical. Some are easier to implement than others, but all virtually require work up front to get your activity off the ground. Here are five: Rental investments: Thousands of books have been written on this […]
An Alternative to Setting Goals
Setting goals can become very frustrating and produce anxiety when we realize that they aren’t being achieved. Should you set goals that are very likely to happen or goals that are very difficult to reach? What if you miss your goal by a minor amount or the outcome was good, but not what you expected? […]