Read about my successes and failures. Learn from my experiences and gain insight without losing any cash!!!
Lesson: Catching a Falling Knife
Lesson: Currency Exchange
Lesson: Mutual Fund
Lesson: Paid to Wait
Lesson: Pricing in a Downturn
This is where you’ll find find my Blog. I will comment on the latest news relating to investing, real estate, and the financial markets.
One of the biggest distinctions between the rich and middle class is the ability to reduce taxes on an ongoing basis. The middle class usually has a distaste for taxes, grumble about the unfairness, pay them and complain about it. The rich also have a distaste for taxes, but the difference is, that the rich pay for a qualified accountant who does everything in their power to reduce the tax that the rich pay.
My recommendation is for everyone to pay for a great accountant. There are two aspects to this, the first is, that they are usually worth their price. Why are they so expensive? Because they can save you a ton of money. I paid for a fancy accounting firm in the heart of the financial district (as opposed to the discount guy.) I always thought I would be paying through the nose, however this accountant reduced the tax I would pay, and I got a refund every year, and it was always significantly more than my fees paid to him.
Your accountant will have plenty of great ideas to reduce your taxes. Take full advantage of their expertise. It takes a very very long time to become a certified accountant, so don’t expect that just anyone can achieve the same results. The wealthy are using an accountant to reduce their taxes, and you should too. It is part of why the rich are getting richer and the middle classes continue to struggle to survive. Take the easier road, get an accountant and you too can be like the rich, and reduce taxes.