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58 Habits to Increase Wealth

Deceptively simple, yet research supported, behaviors of the wealthy. Apply wealth habits and increase your life satisfaction.

ARE YOU AN APPROVAL ADDICT?

I grew up with the message that being popular was really important. Mind you, my parents were both hard working, intelligent, attractive, and successful.

WHY I USUALLY DO MY OWN TAXES

“I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” — Arthur Godfrey, entertainer courtesy of IRS.gov

FORGET ABOUT THE ECONOMY; LIVE A ROCKIN’ LIFE

Don’t even think about the news, or the dour talking heads on your TV. You are the master of your own destiny. Life and success transcend money.

SHOULD I FILE A TAX RETURN IN APRIL OR FILE FOR AN EXTENSION?

I’ve filed extensions before, but this is the first time I decided in advance (not at the last minute) to postpone completing our returns. The first time we filed an extension was when our moron of a tax accountant didn’t return our phone calls and delayed getting our documents in on time.

Take a Break From Doing Your Taxes

As April 15th approaches, those in the USA are swamped with the arduous task of completing the dreaded tax return. I took the easy way out this and decided to take an extension. That’s another word for putting the dreaded task off. A tax extension doesn’t mean you don’t have to pay what you owe, but only that you can delay sending in the return for an extra 6 months.

HOW TO HANDLE A TAX AUDIT; THE IRS SAYS I OWE $25,000

The thick IRS letter arrived and I assumed it enclosed the tax forms I ordered. I was wrong. The letter contained a list of 5 sources of income that were not included on my 2010 tax return. Total bill due the IRS including penalties and interest, $25,000.00.

YOU DON’T NEED AN IRA; THERE’S ALWAYS SOCIAL SECURITY

I’m one of those dinosaurs that started her first IRA in her 20’s at the beginning of the IRA movement. At that time, there was no such thing as a Roth IRA, so I went with a traditional IRA.

DO BILLIONAIRES NEED AN EMERGENCY FUND?

As a struggling young married couple living in Southern California, El Carino and I visited many time share presentations. Wooed in by a set of luggage, free meal and a show, or other goodie in exchange for 90 minutes, it was both a source of entertainment and a free meal.

WHAT DO LOW INTEREST RATES MEAN & HOW TO PROFIT FROM THEM? Part 2

Today is advice day where you get some tips about how to benefit from the current interest rate environment.

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