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Articles

The Fast Food Financial Advice Epidemic

The Fast Food Financial Advice Epidemic

We have all had this experience. We are busy working. We get hungry. We know we shouldn’t, but we just can’t help ourselves. We drive to the nearest fast food joint and get a burger, fries and soft drink. Ah. We are temporarily satisfied. Yet, in the back of our mind,...

I Have a Secret to Tell You

I Have a Secret to Tell You

I have a secret to tell you about making more money. First, I want to tell you why we are having this discussion. I did a Google search on ways to make more money and was surprised to find that most of the answers had nothing to do with production or work. The...

A Controversial Advanced Tax Strategy

A Controversial Advanced Tax Strategy

I have some bad news for you. If you own a qualified plan (IRA or 401(k)) then you may be in a possession of a bomb—a tax bomb to be more exact. For years the “High Priests of Finance” have been telling people to defer a portion of their income into these types of...

No More Credit Card Debt

No More Credit Card Debt

LIVING WITHOUT CHARGING A few weeks ago we talked about living a lifestyle without DEBT and how you can afford your lifestyle by first determining "how much income you need to life the lifestyle you desire." If you recall, the solution was: *Only earning more income...

Changing Your Financial Pace

Changing Your Financial Pace

The long-term survival of a human being, a family, a company, a nation, or a tomato plant for that matter, depends upon its ability to be more right than wrong in the actions it takes. Right actions allow the organism to survive longer, produce more, flourish, and...

A Story About Gravity

A Story About Gravity

If you live on planet earth you know about the natural law of gravity. You understand the necessity of it. If you’re like me you’ve probably tested it. I remember the day I jumped off the top of my slide with an umbrella, convinced I could fly like Mary Poppins. I...

The MATRIX: Navigating the Labyrinth of Financial Information

The MATRIX: Navigating the Labyrinth of Financial Information

The Matrix was one of my favorite movies. Our hero, Neo, fights the establishment and learns the truth about the illusion of his world, ultimately transcending and operating at a level above the prison of the mind. He discovered the truth and used it to free himself...

How to Thrive, Expand & Pay Taxes

How to Thrive, Expand & Pay Taxes

As a private practice owner, I have a natural disdain for paying taxes. I see how much my partners and I, and all of our clients pay every year and I dream of all the business expansion and wealth building which could occur if 25-40% of our production was not siphoned...

Myth: The After-Tax Borrowing Rate

Myth: The After-Tax Borrowing Rate

As a person weighs the options on whether or not to borrow money, the effect on income tax must also be factored into the equation.  That means one must understand what the net-effect will be on the cost of borrowing after taxes. The Net Effect The after-tax borrowing...

How to be Smarter than a Physicist

How to be Smarter than a Physicist

Albert Einstein is quoted as saying, “The hardest thing in the world to understand is the income tax.” And this guy is a world-renowned physicist! I am thinking he probably hired a good accountant to help him navigate through the process of preparing and filing his...