How to Estimate Your Taxes

Posted By on May 11, 2019

Short of hiring an accountant, the easiest way to estimate your taxes is by calculating your Effective Tax Rate.  Your Effective Tax Rate is the percentage of the money you earn that you pay towards income taxes.  This estimate works particularly well if you earn about the same amount of money every year.   To determine your Effective Tax Rate, take the total amount of tax you paid in the previous year and divide it by the total...

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Be Engaged

Posted By on Apr 10, 2019

Don’t strive to be entertained in life, strive to be engaged. Being engaged and being entertained might sound like similar concepts but they are very different. Being entertained is how very young children experience the world. They are constantly in a state of being pleased or dissatisfied with different stimulus. This produces a roller coaster of emotion filled with elated highs and temper tantrum lows.  Being entertained doesn’t...

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Your Bed is Your Vessel for Life

Posted By on Oct 17, 2018

There is no place you will spend more time than your bed. That means your bed should be one of the first things you consider when designing your optimal life.   Not only is your bed the place you will spend 1/3 of your life, but, after food and water, it is also the vehicle for the next most important thing for your survival and performance; SLEEP. The quantity and quality of your sleep affects everything you do. From how much...

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Health Will Bring you Wealth

Posted By on Sep 13, 2018

Having great health will help you amass great wealth by improving you discipline, focus, and energy.   To achieve great physical health you need discipline.  It takes discipline to eat the right amount of food and exercise 5-6 days a week.  This discipline is no different than the discipline needed to amass great wealth.  It takes discipline to save money, create and stick to a budget, pay down debt, and invest for your future. ...

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Using Gratitude to Get Fit

Posted By on Sep 7, 2018

We all find it difficult to motivate sometimes.  It’s not easy to wake up in the morning, go to the gym when you’re sleepy, and force yourself to do a difficult workout. (Hopefully) we all understand that we do this for our health and happiness.  When we are fit, we have more quality time on this earth and feel better about ourselves.  But sometimes that logical cost benefit analysis just doesn’t provide the inspiration we need.  This...

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Active vs. Passive Investing

Posted By on Aug 27, 2018

The road to financial freedom is through low-cost, passive, automatic investing. Warren Buffett, a billionaire who made his money investing, has always said the vast majority of people would be better off just owning the S&P 500 (which is a passive index fund that invests in the 500 biggest US companies in the stock market) than paying advisors to manage their money. To put his money where his mouth is, in 2007 Warren got a hedge...

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