The mythos surrounding the first president of the U. S. is a formidable thing. As impressionable kids we were shown a particular version of Washington — a pillar of virtue who could not tell a lie about chopping down a cherry tree. We’re taught to revere the man who...
If you’re a freelancer, you may be wondering how the newly passed Tax Cuts and Job Act (TCJA) affects you as a business owner. Yes, it’s beast of a bill and there is certainly a lot of digest — it is nearly 500 pages, after all. And while the old tax code is still in...
The term “too big to fail” was first coined in the 1980s, but it didn’t enter the average American’s lexicon until 10 years ago when the 2008 financial crisis almost brought down the global economy. The phrase contends that some corporations are so large and...
Becoming an entrepreneur is no easy feat. Deciding on the right legal structure for your business is a common challenge you might face. So if you’re going to legitimize your business, which option should you choose? Sole proprietor, partnership, Limited Liability...read more
Dealing with taxes, bills, and other financial paperwork is not enjoyable. But, not everything about adulting is fun. In order to be a responsible adult and get ahead in life, you’ve got to organize your finances. Check out these 6 ways to make your life easier and...read more
You’ve probably heard about the new tax law by now, and depending on your political preference, you either love it or hate it. But regardless of which way you swing politically, it’s important to understand how the new tax plan - passed in December 2017 - impacts your...read more
Did you know that 80% of people fail their New Year’s resolutions by February? If your resolution is about getting your financial house in order, you probably want to be part of the 20% that actually succeeds. Right? We know. Resolutions are hard to keep. So, we’re...read more
Are you expecting a tax refund this year? There’s a pretty good chance your answer is yes. In fact, the IRS issued 40 million tax refunds worth nearly $125 billion in 2015 and the average refund amount is $3,120 - a nice chunk of change. But, before you start...read more
In 2016, the Internal Revenue Service audited one million tax returns. Although this is less than one percent of the U.S. population, you should still be prepared - just in case you’re audited. Want to know what might trigger an audit by the IRS? Here are 9 red flags...read more
I’m not great at tracking my spending. As someone who rebels against rules and hates feeling confined by regulations, being told to track my spending felt unpleasant. It seemed like yet another task to add to my to-do list: Brush my teeth, work out, drink water, sleep...read more
Taxes are a necessary evil. You may not want to file taxes, but you’ve got to do it. And, if you don’t, this may come back to haunt you as evading your taxes can carry criminal charges and some hefty fines. Nonetheless, filing taxes can be stressful, especially if...read more
As a parent, you’re responsible for teaching your children many important life-long lessons. One of the most valuable lessons is this: how to use money responsibly. But, before you dive in, consider first that money is a taboo topic for many families. In fact,...read more
When it comes to banking, individuals often default to what they know best. And that’s traditional banking. Unfortunately for them, they’re likely going to face a lifetime of long lines and hidden fees. Well…it’s not that bad but there are surely better solutions....read more
Raise your hand if you’re fed up with big bank fees. These pesky fees can put a damper on your day and a drain on your finances. According to a 2016 survey by the Pew Charitable Trust, a full quarter of people who use bank overdraft services regularly end up paying...read more
With the start of a new year, many of us have embarked on self-betterment resolutions. The vast majority of these are health-related: Eat healthier, get more exercise, sleep better, stay fit, lose weight. But what about financial health? Many of us are resolving to...read more