There are only two ways of improving your financial situation and neither involves an insurance scam, lottery, gambling, selling a kidney, or a myriad of other legal or illegal activities. In fact both are covered abundantly on finance blogs and websites. Yet the topic is skirted around rather than just getting to the point.
No matter how you dress it up, rewrap it, spin it, discuss it on a per item or action basis, improving your finances only comes down to two things. Spend Less and Earn More. Doing both is not required but it certainly makes improving things easier.
Spend Less
Spending less is a simple concept. Take what you spend now and stop spending so much of it. Take it down to a bare bones approach. Other sites will go on and on about all the different ways to spend less. If you can’t figure out how to do it on your own. You’ll never take the first step. Do a budget, write down everything you spend money on each month, grab a red pen and start marking all the areas that spending can be cut. See how much extra you have at the end.
This is a topic written about every day. I see dozens of posts each week telling me Continue Reading…
The Facebook IPO news is rolling strong this year as one of the biggest IPOs since Google went public years ago. It’s not surprising really, with 800 million people using the social site and the billions of dollars the IPO will generate for early investors and employees. Just think of all the new millionaires and billionaires that will be added to Forbes richest people list once the company is public. Which is the real reason behind the Facebook IPO this year and a great lesson in tax planning.
Doing your taxes every year is hard enough with the difficulties of the tax code. It certainly doesn’t fit the category of exciting weekend plans. Which explains why most people put off the inevitable till the last-minute. A great idea if you still owe taxes. But if a refund is heading your way, this weekend is a great time to knock out your taxes and get that money in your hands quicker.