Tax Advice

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 148-May 28 “There’s only one thing worse than paying income tax; and that’s not paying it!”—Anonymous I am not a CPA, nor an enrolled agent. I don’t prepare tax returns, so I am not going to give you specific tax advice. This is just the general news I think everyone needs to know: Get professional advice. Pay the money. I never had a tax preparer that didn’t save me more money on my taxes than his or her fee cost me. In The Millionaire Next Door, authors Stanley and Danko outline many areas where the typical millionaire saves money, buying second-hand cars, resoling their shoes, etc. “But they are not … [Read more...]

Taxes

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 147-May 27 “A government that always robs Peter to pay Paul will always have the support of Paul.”—George Gershwin One morning, I got up early and went to a networking breakfast. The sun was shining, business was good, and the people at the meeting were fun. I was in a great mood as I sat down with my plate full of bagels, eggs, fruit and cereal. The gentleman who sat next to me, though, was clearly not in the same frame of mind. “I can’t believe how much money I have to pay in taxes,” he complained. “I had to write such a big check to the IRS this week, it’s obscene. And what the government does … [Read more...]

Pick Your Price

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 144-May 24 “Certainly there are things in life that money can’t buy, but did you ever try buying them without any money?”—Ogden Nash Whether you work for yourself and have many clients who pay you, or you have one major client (i.e., you have a full-time job), you have to decide on the price you want to be paid and feel comfortable asking for the money before you can get it. Make sure you understand the value of what you’re doing for your customer. My dad gave me a great tip when I first started job hunting. He said to me, “The main thing to understand is that anywhere you go to interview for a job, … [Read more...]

Tunas Can Learn

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 143-May 23 “The closest to perfection a person ever comes is when he fills out a job application form.”—Stanley J. Randall I learned a lot from Jennifer Martin, a fun-loving, free-spirited woman from England who worked as an account executive at the employment agency where I was the office manager. Jennifer was in sales, matching prospective employees with prospective employers and receiving a commission from the fee paid to the company for this service. She had fun, she stood her ground, she made a lot of money, and she wasn’t afraid to tell you the truth, even when it hurt. My meek little co-dependent … [Read more...]

You Already Own Your Own Business

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 142-May 22 “Don’t be afraid to try something new. An amateur built the ark. Professionals built the Titanic.”—Unknown If you’ve ever thought of going into your own business, I have exciting news for you. You already own your own business. You may only have one client, a company that pays you a salary. You negotiated your “contract,” you determined your salary by agreeing to it, and you bargain for increased fees and reimbursement of expenses with every review. You provide services for a fee to a client. You may have another client or two if you moonlight in a second job. Like any business owner, … [Read more...]