Author Archive
Posted in February 7th, 2008
My accountant called me the other day and requested our paperwork. I currently own 3 businesses and it is a real chore getting all of the information together for the IRS. Tax Tools: H&RBlock Turbo Tax MSN Money Tax Tools For Business: I have to do a an inventory for 1 of my businesses which [...]
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Posted in February 6th, 2008
Just purchased a new car for my wife. We had been looking at a Toyota Matrix and a Honda Fit Sport. The Toyota Matrix gets 25 mpg city and 31 mpg highway. The Honda Fit gets gets 27 mpg city and 33 mpg highway, although the window sticker says it is higher. These numbers are [...]
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Posted in February 4th, 2008
Finally received my Amex Blue cash back card. Here are the cash back rates: Year to Date Purchases Cash Back on Everyday Purchases^ Cash Back on All Other Purchases $0-$6,500 1.0% 0.5% $6,500.01 or more 5.0% 1.5% My wife and I both have Amex Blue cards now on the same account. We had been thinking [...]
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Posted in February 1st, 2008
1. Payoff your smallest debt first and apply the money from the first loan to the 2nd loan and then the 1st and 2nd loan money to the 3rd loan and so on… This creates a snowball effect which will psychologically eliminate debt and make you feel better about getting rid of debt faster. 2. [...]
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Posted in January 31st, 2008
Office Accounting 2008 Express Free Office Accounting 2008 Express Getting Started Guide From Microsofts website: Office Accounting Professional 2008 is a complete accounting solution that helps small businesses save time managing everyday financial tasks, get organized, and grow their business online. With its familiar Microsoft Office interface, this program is easy to learn, so you [...]
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Posted in January 30th, 2008
NEW YORK (CNNMoney.com) The Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession. U.S. stocks, which had been slightly lower ahead of the announcement, surged on news of [...]
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Posted in January 28th, 2008
This is an excellent book that provides you with a no nonsense comprehensive plan to get yourself out of debt and to increase your wealth. You just need to learn how to say NO. Book Audio Here are some of his key points: 1. Debt is bad. Don’t get into it. Buy with cash. 2. [...]
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Posted in January 24th, 2008
It doesn’t make any sense to borrow from peter to pay paul and then tax paul to pay peter. This plan will increase the deficit by another 150 to 250 billion dollars. What do you think? Here are is the jist of the economic stimulus plan. Sources on Capitol Hill and at the Treasury Department [...]
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Posted in January 23rd, 2008
Over the last few days I listened to a classic book called The Richest Man in Babylon by George S. Clason This is an excellent book that has a series of short stores that provides financial insight for your daily living. The book takes about 4 hours to listen to and it is worth it. [...]
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Posted in January 21st, 2008
1. Treat your savings accumulation like a bill, and pay yourself first. Before paying those bills make sure you pay yourself first. 10% is a good place to start. Increase it as often as you can to retire in the lifestyle that you would like. 2. Take full advantage of retirement accounts. Tax free retirement [...]
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