By now everyone has heard about the new Tax Reform bill that has been signed into law. Taxes are the greatest “bill” you will have for the year and your lifetime. Using every opportunity to reduce this bill should be incorporated in your financial planning. Here is a reference sheet from McGill and Hill Group explaining some of the new tax changes. Action Step for You: Make sure you set aside time to review the new laws with your accountants. … [Read more...]
Depressing Sports
Last month I wrote about getting rid of the stinking news that surrounds us and fills our lives with negativity. Well, now I will write about another subject that I am ready to purge for a couple of reasons. Throughout my life, I have been a huge sports fan. If you see the things I did when I was a kid, keeping score of baseball games on the radio, stats, trading cards of all sports, posters, watching day and night, you might say I was an addict. It didn’t taper much into my adult life, until now. Aside from the protests, political rants and controversies, I just can’t take the strain … [Read more...]
It’s How You Think That Will Get You There
Here is Part 2 of some thought provoking and poignant points on the difference between “middle class” and “world class” thinking when it comes to finances from Steve Sielbold’s book, “How Rich People Think.” Middle Class worries about running out of money - World class thinks about how to make more money. Instead of concentrating on how not to run out of money, spend your time concentrating and making decisions that will make you more money. Investing, real estate and purchasing things that appreciate, not depreciate, are good examples. Play to win; don’t play not to lose. Middle … [Read more...]
Business Tax Tips
It’s that time of year to make sure you have implemented and readied all the tax benefits that you could possibly muster. The best article I have ever viewed is The McGill Advisory article, Top 50 Year-End Tax Planning Strategies. It is prudent that we use every legal means to reduce our number one bill of the year - “taxes”. Enjoy. Action Step for You: Print the article, highlight the tips that pertain to you and share with your accountants. … [Read more...]
Depressing News
I’ve had it! I never got into “politics” very much in my life. Arguing, corruption, and lack of common sense just didn’t interest me. I hardly watched any news channels and I was probably embarrassingly ignorant on what was going on with the subject. I instead listened to Tony Robbins, Zig Ziglar, Darren Hardy, Jim Rohm, and Joel Osteen. However, I must confess, I got caught up in all this politics and just plain idiocy. After the recent civil war monuments and protest controversy, I have had enough. Listening to the news, people’s opinions and the actions they are taking is literally … [Read more...]