Archive for December 2016

The Tax Loophole You Never Thought Of

When someone in the local area makes the news for embezzlement it is not a matter of if they will show up at my office, it is when they show up. The same scenario plays out every time. Someone gets caught with her fingers in the cookie jar (usually for gambling) and charges are filed.…

Read More

The Gift of Karma and the Art of Pay It Forward

I settled back with a good book on a quiet New Year’s Eve back in the early days of my accounting practice. Mrs. Accountant goes to bed early and was already tucked in. We rarely party or go out on New Year’s Eve. To us it is just another day. My tax office back then…

Read More

Making the List

A reader of The Wealthy Accountant recently offered me lunch. I have a weakness when it comes to food. Offer me a free meal and I am virtually a prostitute. I accepted the offer of lunch for three reasons: 1. He is a local reader; 2. He asked nicely; 3. He wanted to discuss quitting…

Read More

Silent Night

The year is 1991. Mrs. Accountant and I had a foster child that year. On Christmas morning I was to take him to his mother for a day. We got up early and dressed for the chilly morn. I lived in town at the time. His mother lived in apartments near the Valley Fair Mall,…

Read More

Tricks to Beat Procrastination

I’ve been putting off this post for a while. Now is as good a time as any to get it done. Now that I got the obvious joke out of the way it is time we discuss a serious issue facing us all: procrastination. When we least need it, our desire to finish, or even…

Read More

The Very Best Books I Read in 2016

Now is the time to start a tradition of sharing the best books I read over the past year. The first full year of The Wealthy Accountant is fast approaching. Each December as the year draws to a close I will list my three favorite books I read during the year. Many books I pick…

Read More

20% is Enough Effort

Over a hundred years ago an Italian economist made a discovery while in his garden. Vilfredo Pareto noticed on a pleasant 1906 afternoon that 20% of the pea pods in his garden produced 80% of his pea production. His interest piqued, Pareto wanted to know if this 80/20 ratio applied to other areas, including business.…

Read More

Sex, Porn and Addiction: The Killers of Financial Independence

Goodwill Industries of North Central Wisconsin provides a multitude of services to the poor in my community. Everything from help with medical, job search services, to the iconic Goodwill thrift store are there to benefit the poor. Another program is the Financial Information and Service Center, otherwise known as FISC. FISC provides personalized counseling in…

Read More