Owen Flanagan was on a quest to understand what it takes to live a good life. As he prepared an essay for the book How to Live a Good Life: A Guide to Choosing Your Personal Philosophy he tells the story of when he interviewed the Dalai Lama. Knowing that Buddhists consider resentment and anger as very bad, he asked the Dalai Lama if it would be wrong to want to go back in time and kill Hitler.
Wealth is often defined as having to do with money or finances. Such a narrow definition limits us to income, spending, investing, retirement and taxes. While these are important issues, this narrow definition is wrong.
Wealth involves mental, physical, spiritual, health and financial aspects. Money is the least important on the list as we will shortly see.
From the first days of my tax practice I have had an open door policy to clients and employees. This worked well when I had fewer clients and demand by new clients was limited. After over three decades in business I am finally closing the door to take my life back. It was a long overdue change.
Is it possible to turn non-deductible personal travel expenses into tax deductible business travel expenses? Yes! You can deduct your vacation as a business expense. . .
This is the lesson Ryan Holiday taught in his article. He says he has calendar anorexia. He keeps plenty of open space on his calendar so he has time to create and think. He warns us to about people who want “just 15 minutes of your time.” In my profession we call this the “quick question.” And as every seasoned tax professional knows, quick questions do not have quick answers. And there goes another day, a day you never get back.
They call it flyover country, that central part of America people overlook on their way to another destination. The thought is that there is nothing to see down the backbone of America. But you would be wrong if thought that way. And the best way to see the heart of America is with a road trip.
Take the richest person on the planet alive today and compare this person with any other. Does the richest person have more talent? Maybe. Inherit much of their money? Possibly. Compared to every parameter the richest person alive today might have an advantage over you, save one: time. Both you and the richest person alive have exactly the same amount of time every day. No one has an advantage. Or do they?