Your return on rent is always -100% every month, forever. Some will say that rent is not an investment, but an expense, and they are absolutely right! Rent is never an investment because you will never get a return on it, no matter how hard you try. At the end of 10 years, your $2,000 a month rental "investment" will net you negative $240,000 in after tax dollars, which equates … [Read more...]
Who Should Pay For A Wedding? You May Not Like The Answer
Weddings are a ginormous industry in the U.S. That's right, an industry. Did you know there are roughly 2.5 million weddings each year? That generates a whopping 40 billion (yes forty beeeellion) dollars every twelve months. That is nuts. Which begs the question, who should pay for a wedding? If you're engaged - congrats, it's probably you! The Bride, The Groom, His Parents, … [Read more...]
Year End Checklist For Businesses & Taxes
As if things weren't already crazy enough with holiday shopping right now, there's the year end close and taxes to sort out, aah! But don't fret, it doesn't have to be stressful if you stay organized and utilize my year end checklist for businesses and taxes. Once you can see a laid out list of things you have to work on before December 31st, you can start preparing now and … [Read more...]
Things NOT To Do If You Want To Be Rich And Happy
I think about money a lot this time of year and you probably do too. All the tempting sales make our greedy meters go up, and our credit card bills jump up huge with all the holiday gift shopping and travel costs. Meanwhile we're also wondering if we're going to get a raise or bonus at work, or praying we don't get laid off, wincing as we cut checks for property taxes, donating … [Read more...]
How Much Is Your Life Worth?
An intriguing and valuable question you probably don't ask yourself every day is, how much is your life worth? It’s open enrollment time again and your chance to decide what type of coverage you want for next year, which is rapidly approaching (!), and how much you're willing to pay for it. If you’re an entrepreneur with employees, hopefully you already have your benefits … [Read more...]