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 off towards the federal […]
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 taxes since he was a little busy with his […]
Cost of Financial Freedom
Call me old fashioned, but I love the grind. I love it when it starts getting really heavy and hard. I love it when everyone is ready to quit and throw in the towel. I love it when I get 55 reasons why something “can’t be done.” I didn’t always love it, but I sure […]
A Lesson From a Rock Star
Just Press Play I listened to a lot of hair bands growing up in the ‘70s and one thing was for sure – most of them could have cared less about their reputation. I remember reading about wild parties, trashed hotel rooms and out of control concerts. This was the PR (public relations) of a […]
The Anatomy of Financial Ruin
Anatomy: separating or dividing into parts for detailed examination. Ruin: a. a state of complete destruction b. the state of having lost money, social status, etc. – Merriam-Webster As an advisor, I have spoken with hundreds of practice owners and I have seen them go from complete financial ruin to achieving optimum financial success and […]
Let’s Watch the Grass Grow!
Recently I read this quote from American economist Paul Samuelson: “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” For those of you who have been to Las Vegas, you know what he’s talking about. Being in the casinos is an […]
Pass the Wine, Please…
I recently took a trip to France and had the opportunity to tour some wineries. Fascinating business, making wine. Did you know winemakers use satellites to monitor their vineyards? Some of them even have their land divided into grids so that they can monitor the soil and plants in each grid. Then there is the […]
Just Press Play
If you have ever turned on the TV and saw the infomercial for the INSANITY workout, you would know that it is a 30-minute, high intensity workout that basically turns you into a big ball of sweat, rolling on the floor gasping for breath. When I decided to take the INSANITY plunge, I ordered the […]
Minimizing Taxes
Throughout history taxes have been necessary to pay for public services and needs. As the civilization grows, so does government, and this requires more revenue to pay for the expenses of the Treasury. Legislation is passed and new financial commitments are created on a continuous basis, creating a limitless demand on the resources of the […]
Skyrocket Your Income
The topic of income and making more money seems to be at the top of everyone’s agenda. When I consult with practice owners, making enough money is the #1 priority for most of them and as well it should be. After all, the amount of income you create is going to allow you to survive […]