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When I was running my own business, I was distressed to see that while I was working hard, and we were taking in hundreds of thousands of dollars in income, we were not making much money.One of my employees, said, "Well, you just...
Saturday, January 30, 2010
Wednesday, January 27, 2010
Closing a Credit Card Account
Paying off and closing a credit card account is a wonderful feeling. They will refer you to a "closing specialist" when you close the account. Listen carefully to see if you can get a good deal, but don't be tempted by...
Understanding Capital Gains Tax
Most folks have little or no understanding of our tax system. As I have mentioned before, no one really makes it easy to understand, and many folks would prefer you didn't understand it. They show you huge volumes of the tax code and TELL you it is "too complicated" to understand.But it really isn't all that difficult. Most of those huge volumes don't even apply to you. Basic tax code is not all that hard to understand - at...
Converting Ordinary Income to Capital Gains
In our previous post, we illustrated the differences (on a very simplified level) between taxes on wage income and on capital gains.If you are earning money at the 35% rate, and then paying another 16% on top of that (total 51%!) it would seem to be a lot more attractive to pay taxes at the capital gains rate of 15%, wouldn't it?Well, it can be done, and how it is done is one reason our Real Estate market went haywire over the...
Monday, January 25, 2010
Nothing Succeeds Like Success!
Marge Simpson's Pretzel WagonIn my Finding a Good Dentist Post, I mentioned briefly the habit or psychological effect that occurs with many people, in assuming that a business or person who appears successful, is often the best place...
Sunday, January 24, 2010
Finding a Good Dentist
Finding a Good Dentist- OR -The Death of Professionalism.Finding a good Dentist these days is a daunting task, and not because there is a shortage of them. On the contrary, we are awash in a sea of Dentists in this country and have many to choose from.So, one would think, with the law of supply and demand and all, that with a surplus of Dentists to choose from, we would have competition forcing down prices and also providing...
Labels:
dentist,
dentistry,
finding a good dentist
Thursday, January 21, 2010
Why I Sold My Boat.....
The sale of the Riparian Day III, January 2010."When you start calculating the cost per trip, it is time to sell the boat..."--comment from the Bayliner Owner's Club website.I sold my boat recently, or should I say, one of my boats....
Results After About A Year...
I started this blog about a year ago in an effort to get my own financial house in order, and also to explore unconventional ways to save on money and live better, with less effort.It has been a year, and I think a good time to look back on what I have learned and accomplished - and what I need to do to succeed in the future.In my original posting, I mentioned two things, habits and planning. The first is taking hold, but bad...
Tuesday, January 19, 2010
Consider the BICYCLE
I took my bicycle to the Post Office today. As I don't commute, my daily outing is usually to the Post Office or store, about a 5-mile round trip. Usually, I go by car. This is, of course, ridiculous.I live on an island laced with bicycle paths. There really is no reason NOT to go by bicycle, if the weather permits. Unfortunately, in America, bicycles are viewed as children's toys, or worse - adult toys. As a mode of transportation,...
Friday, January 15, 2010
Should You Give Money to Panhandlers?
Is this man really in financial distress, or will he just spend the money on booze and drugs? You have no way of knowing. Donate money to a homeless shelter if you want to help him. Handing out money to strangers...
Labels:
helping the homeless
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