EP:64 Tax Refund Remorse

Rich for the Day

Tax Refund Remorse

After the much advertised delay in sending out refunds, it’s finally time.  In this week’s episode, the focus returns to that once a year so-called pay day that everyone gets all worked up about.  “The Tax Refund” Like a windfall, a breathe of fresh financial air.  Sometimes it’s spent in our minds 19 times before we even get it, just the idea of getting it. The tax refund is maybe one or two steps away from becoming a holiday, just so folks could have even more time to go spend some of that tax refund money.  The car dealers, creditors, retailers and anyone else that typically have slow January sales are all anxiously waiting as they know people are getting the refund checks.  Maybe there should at least be some slick moniker like “SupeR Black Friday” or maybe “GAAP Friday”.  Either way, there’s a lot of opportunity at this time of year for both making good moves or setting the stage for trouble during the rest of the tax year.

-Miles.

EP:56 The Holiday List

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The Personal Finance Holiday List

This is the holiday season and you probably deserve to give yourself the gift of of financial fitness.  At the end of the year during holiday season there’s still time to wrap up 2016 and put a big bow on it.  The Personal Finance Holiday List focuses on maximizing deferred savings, reducing taxes, giving gifts that keep on giving and optimizing your credit profile so you’re not paying the interest that allows other customers to get teaser rates.  Keeping yourself financially fit ultimately allows you to go out and buy gifts for whoever you may desire, you included.  Just remember, charity starts and home, then travels abroad.

-Miles.

EP52 Eric B. is President

Ep52 Eric B is President, and it obviously doesn’t matter.

Eric B for President.
Eric B for President.

In 1986 the song titled “Eric B. is President” was a #1 hit song in the Hip Hop community.  At the time it was a strange title, but the title sank in and it didn’t even matter.  The Hip Hop community went on to take over the music world and Rakim became one of the most well known and prolific rappers in Hip Hop history -still to this day.  He debuted by nominating his DJ for president, that’s 1986, talk about making America great again.

The 2016 election is over and a new president will be sitting in the White House soon.   There’s a lot of anxiety surrounding what is to become of the new presidency?  So the question remains, how will affect your daily finances, your money, your ability to save and invest because that’s all that really matters. In episode 52, what may or may not be of concern with a new presidency.

-Miles

Taxes, last minute free filing and HELP

Taxes, last minute free filing and HELP

Some last minute tax ideas, local help and information.

Ariva Taxes!
Ariva Taxes!

(Apologize for the audio, street side interview with some serious wind noise)

Just happen to come across a New York State Tax assistance trailer that is set up on the Grand Concourse in The Bronx, NYC.  State reps were out and a local financial services business, ARIVA was onsite to assist also, they were offering to assist anyone interested in getting their taxes done by the deadline for FREE!  Of course there were details, but free is FREE…

I stopped to talk with them about what the free promotion.  Although the state employees were a bit shy, they were very nice.  In connjuction with NYS was a local business, Ariva Tax and Ceasar from Ariva was approachable and glad to take a quick minute where he explained some of the services offered to the local community by Ariva Tax.

-Miles.

 

 

Business Owner vs Buying a Job

Business Owner vs Buying a Job

Started a New Business, or Working for Yourself?

Typical to wear many hats as a small business owner
Typical to wear many hats as a small business owner

Are you a business owner or did you buy yourself a new job?

All too often we want to pick up and take our skills to market for ourselves to start a new business and make all of the money for ourselves.  We decide that we can do it, we can just do it all and leave our jobs to do just that.  Take the skill-set you have (doesn’t matter whether you’re a cook or an accountant it’s the same approach), add a little money and “BAM…” you’re in business for yourself.  No more reporting to that boss who isn’t half as smart as you are.  No more doing the work for everyone else to get the credit and the money.  Considering you are at the heart of the business, the heart of the productivity, basically you are the business right? Well, not so fast…  Before you go that leap into business first consider if you are taking a leap to go start and run a business or just to buy yourself a job, in which case you are simply “self employed” in the truest sense of the term.  Meaning you’ve secured yourself employment, about that business part …well being a business owner is actually something else entirely.  There are a few simple questions to ask yourself to get some clarity on it all too.  First question: Can the business run without you being there to produce or overseeing the production? Right there, that should help put it in perspective for you.  Today’s podcast talks about identifying the differences and transitioning into self employment, owning or running a business.

 

-Miles.