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The American Dream of Home Ownership is Completely Wrong
by Brian Lang
“Why would you rent? Aren’t you just throwing away money?”
These are the standard comments I always get from people. And they couldn’t be more wrong.
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The American Dream of Home Ownership is Completely Wrong
Home Ownership. The American Dream. This is often a poor decision from a financial standpoint. I will prove it to you with my own personal situation. I often get a jaw-dropping reaction when I tell people that I rent our primary residence even though we...
The Truth About SBA Loans: EIDL vs PPP
How would you like to have two months of free payroll, rent, utilities, and interest? The CARES Act was recently passed to help small business owners just like you. This legislation contains the option to apply for one of two loans products backed by the Small...
Are You a Big Enough Fish for Tax Planning?
“How much money do I need to make for tax planning” is never a question that should be asked. Instead, you should be asking yourself “Can I afford not to do tax planning?” If you are that business owner who is making $90k, don’t be scared to go talk to someone. It will be a lot more expensive in the long run if you wait until you are a big enough fish for the advice.
Is Your Salary Distorting Your Financials?
A common theme that occurs on many business owners' financial statements is that the owner's pay distorts the actual profit of the company. We often see owners paying themselves too low of a salary (more common) or too high of a salary. This discrepancy in salary...