Small Business

The Master Archive!

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Tradelines: The $1,000 an Hour Side Gig

By Keith Schroeder / October 11, 2017 / 60 Comments

Remember all those credit cards you acquired to earn out those bonuses and eventually canceled? You’re going to wish you hadn’t done that. Credit cards are one of the most powerful wealthy building tools in existence today when used properly. They get a bad rap because irresponsible people rack up massive quantities of high interest…

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Dangerous Bloggers

By Keith Schroeder / October 9, 2017 / 15 Comments

Who is the most dangerous blogger on the internet today? This is a serious question. Think about it for a while. What characteristics would cause a blogger to become dangerous? To start, the blogger would need an audience to be dangerous. A blog with a modest, but fast growing, audience would have an increasing influence…

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The Indispensable Man

By Keith Schroeder / October 6, 2017 / 7 Comments

My last post on questions wealthy people ask their accountant struck an unexpected cord. It also uncovered a serious problem that has plagued this blog since the beginning. The majority of bloggers come from one of two camps: they write a blog while in retirement or write while working for retirement. Blogging is a lot…

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Higher Interest Rates Will Cause Inflation

By Keith Schroeder / September 27, 2017 / 13 Comments

There was a time not that long ago when people believed higher interest rates slowed the economy, caused higher unemployment, dampened demand and put pressure on prices. The Federal Reserve in the United States and Central Banks around the planet held this belief tight to the chest. When the economy overheated, causing inflation to creep…

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Too Frugal

By Keith Schroeder / September 25, 2017 / 25 Comments

Focus is considered one of the most important traits of success. It makes sense. If your mind is constantly wandering it is hard to stick to a project until completion. Frugality also requires focus. I was lucky growing up in the boondocks where the siren song of spending was only visible in the hazy distance.…

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Inflection Point

By Keith Schroeder / August 18, 2017 / 12 Comments

The past week has been an interesting one around the Wealthy Accountant world and all I can think of to explain it is. . . Put up or shut up. The best way to tell this story is to go back to the beginning. Long time readers know I opened shop without knowing I opened…

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The Dangers of a Side Gig

By Keith Schroeder / April 19, 2017 / 3 Comments

Tax season is officially over and not a moment too soon. As much as I love the work, when months go by without a day off it begins to wear on me. The worst part is the sitting. Too many hours planted in a chair coupled with sleep deprivation and health is not getting the…

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It Pays to Have a Hobby

By Keith Schroeder / April 12, 2017 / 13 Comments

The demographic reading this blog does the things necessary to retire early. The same demographic believes in a side hustle to retire even earlier or to fill time once work becomes an elective. These facts make hobby rules an important consideration. The tax law has a massive loophole few use. Accountants in the room will…

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