Tax Tip: Save Time Filing Your Taxes
I’ve got a tax tip that won’t save you any money, but it will save you something far more valuable . . . time. The IRS says the average American spends 21.4 hours completing their 1040 tax return. It’s this “hidden” tax — the sacrifice of not your dollars but your other 8 hours — that you can reduce. And the good news is this tax tip won’t increase your risk of an IRS audit.
Here are three ways to save time filing your taxes: Read the Rest of This Article »
A Revolutionary New Way to Learn Revealed
One of the best ways to make incremental progress during your other 8 hours is to learn. There are all sorts of newfangled websites that can teach you a thing or two — some with nifty videos and others with PowerPoint presentations. Call me old school, but I think one of the easiest and most economical ways to learn is by reading a book.
But I discovered something over the weekend that’s better than a bookstore and even better (gasp!) than Amazon.com. Stick with me because I’m going to introduce you to new terms and concepts that you won’t be familiar with. It might take some time to digest what I’m explaining, but hang in there — it will be well worth it. Read the Rest of This Article »
Make More Money and Live Your Passion: Become a Cre8tor
Image courtesy of Tim Hussin/Meanderings
Your financial life has a certain trajectory — similar to a train on a track. There will be twists and turns, but you can easily determine where you will end up if you stay on the financial track you’re currently on. What if the traditional methods of working hard, cutting expenses, and saving don’t work for you? Brown bagging it every day won’t cause you to jump tracks and end up somewhere completely different. The guy living in the mansion overlooking the ocean didn’t buy that house by clipping coupons, and the woman passing you in a $400,000 Maybach didn’t get that way by eliminating her morning latte. For most of us, the gap between where we are and where want to be is so wide that we’ll never be able to close it by following traditional financial advice. Read the Rest of This Article »
Bad Day? 5 Tips to Keep Your Motivation
A couple of weeks ago I had a bad day. Actually, it was a terrible day. Every piece of news I got was disappointing. Did it affect me? I still have bruises from the rock I tried to hide under.
Guess what? In the coming weeks you will have a bad day, too. Whether you are an entrepreneur launching a new product, an employee aiming for a promotion, or simply someone going after a big goal in your other 8 hours, you will experience disappointment and setback. How you respond to disappointment could determine your eventual success or failure. Why? A really bad day can, at best, cause you to lose momentum, and at worst, cause you to lose your will to continue. Read the Rest of This Article »
Compounding Time: Create More Free Time by Investing it Wisely
Unless you’ve been living under a rock, you know that compound interest is the foundation of investing. But what does compounding have to do with the other 8 hours? A great deal. How you invest your other 8 hours determines your happiness and financial success. If you squander this critical time, it’s like putting $50 under your mattress. It won’t provide you with any return. For that $50 to grow, it must be invested. For your time to grow, it must also be invested. We’ve been told that time is money. But is it possible that time can make more time? Read the Rest of This Article »
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