When people have infinite banking explained to them for the first time it seems like a magical and risk-free way to grow wealth. The idea of replacing the hated bank with borrowing from yourself makes so much more sense. But it does require replacing the “hated” bank for the “hated” insurance company.
When a cryptocurrency becomes worthless it isn’t treated the same as a worthless security on a tax return. As an asset, it needs to be sold before a loss is allowed. There are two ways you can get a tax deduction for worthless and nearly worthless crypto. We will discuss both methods (sale of asset and abandonment) below and the associated risks.
Multiple New York Times bestselling author, Ryan Holiday, is hard to miss. He brought Stoicism front and center with his books, Daily Stoic and Daily Dad emails. But is Ryan Holiday the real deal? Does he walk the talk? Does he live what he preaches? Does he practice the principles he teaches when interacting with the public? In private? And for some strange reason, people want to know Ryan Holiday’s net worth.
Businesses fail for one of two reasons, while every successful business share one trait. If your goal is a successful business you need to avoid the two causes of business failure and embrace the trait of all successful businesses.
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. . .
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.
The most overlooked trick to growing wealth is right before your eyes. You can literally get rich doing anything.