Tag

motivation

Early Retirement, Lifestyle

Smarticus

Dick Proenneke

There are two kinds of stories people like to read in the personal finance community: personal finance reports and “What am I doing” stories. Pete over at Mr. Money Mustache released his spending report for 2016 this past week and Jim at jlcollinsnh provided us with a report on life in the comfortable Wisconsin south woods.

Spending reports/progress reports toward financial independence interest me, too, even though my financial situation has been solid for a few decades. Spending reports motivate me, giving me ideas to cut consumption without sacrificing quality of life. Progress reports are always interesting. The writers of such reports usually express an emotion with where they are at on the scale of financial independence. From my viewpoint it seems so obvious they are in much better financial shape than they imagine. It is intoxicating watching these good people make their way to the Promised Land.

It’s been a while since I offered my own spending report. Sorry. Spending is so boring to me. God willing, I will get my 2016 report out before the end of 2017.

Kevin has started the redesign of this blog (I’ll pay him a soon as my new bonus credit card arrives).

Collins shared his life these past few weeks on his blog. I enjoyed his story and I was there part of the time! Such are the simple pleasures of life.

Your favorite accountant has a few interesting tidbits in his life you might find of value, too. Whereas, a lot of people in this community talk about their sedentary or retired life or world travels, I am busy acting like a mini Elon Musk. Call it a sickness.




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Credit Cards, Taxes and Investing

The Ultimate Credit Card Rewards Hack

Living your dream vacation is easier than ever with credit card rewards. A litany of cards offer massive miles, hotel rooms or cash for spending a certain amount within a short period of time. And there’s the rub. How can the average person spend $3,000 and more to get bonuses of 50,000 points and up within a few months?

Enter manufactured spending. Reaching a level of required spending either requires owning a business with significant purchases, over spending your budget to get the rewards (why bother, it’s cheaper to buy the darn airline tickets) or manufactured spending. Manufactured spending takes time and requires jumping through hoops. There are also additional fees using many manufactured spending methods. And the time! Oh my god, the time to get it done. There has to be a better way.

Meeting spending requirements always required some fancy footwork. But for you, my friend, those days are over. Today I will show you how to reach nearly any spending goal you need for the vacation of your dreams at virtually no cost to you. In fact, you will probably get paid to engage my way of manufacture spending. The time requirements are nil and the whole process is easily handled from the easy chair in your living room.

If you want free vacations from now on, keep reading. The travel hack/credit card hack I am about to reveal is something I have not seen anywhere else. Even if you don’t care to travel, this strategy can drop $10,000 or more a year in your lap tax free.




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Lifestyle

Conclave

JL Collins is more photogenic than he lets on.

The wealthy, well-connected and powerful have controlled the masses by colluding in secret meetings as long as civilization has existed. The powerful retain and expand their hold on governments and common folk as a result.

Power works best when it plans and executed from the darkness, far away from hidden eyes. Some secret societies have become well known. The Illuminati is now a household word, even if their actions are still closely guarded. Other groups are known, but details are completely missing.

The wealthy have a habit of meeting around the world. These gatherings are media events. News outlets are eager for any droppings they can publish. All the good stuff never leaves the room

You probably heard of some of these groups. People in finance are well aware of the meetings in Davos and Geneva every year. The Bilderberg Group is less known, but no less powerful.

The wealthy and powerful control the masses by controlling the economy and determining which nations face war. Until now these secret societies and loosely formed groups of powerbrokers had no competition. Today that has all changed.




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Early Retirement, Estate Planning, Lifestyle, Taxes and Investing

How to Become Wealthy in 2017

Here is an important interview with Warren Buffett everyone needs to listen to as we face significant tax code changes from the new administration. Warren's views are not always mine, but his fundamental understanding of taxes and how they work requires all intelligent people to listen and learn as we grade our representatives on how well they are leading.




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Thinking Like an Accountant

The only serious accountant around here.

Things have been looking up at The Wealthy Accountant. Traffic is increasing and the audience is expanding. Even better, the original demographic attracted to the site has expanded, bringing in more people to benefit from the information provided.

The newfound success also causes problems. People unfamiliar with the FI (financial independence) community are frequently shocked at the way I present information. It’s an easy thing to do. Right up there in the title is the word accountant. The blog ought to be about taxes and similar stuff found in a CPAs office. Then you open the cover and find me standing there. Don’t worry! It would scare me too.

There is a major misunderstanding on what this blog is about. Yes, the word “accountant” is in the title. There are a few reasons for that. First, it’s getting hard to find an unused url in the dot com universe anymore. Second, I don’t want you to be an accountant (unless you want to be), but I want you to THINK like an accountant. There is a difference.

Thinking like an accountant allows you to make better decisions in all areas of your life: working, investments, taxes, even relationships and raising the kiddos. Accountants think in a logical fashion. They plan. They also look before they jump.




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Lifestyle

Sleep Yourself Rich

Tax season is over. The long days and endless weeks are finally at an end. It’s time for a nap.

In my younger days I also ran long stretches with limited sleep. Farming is intense during spring planting and autumn harvesting; college was late night studying or visiting with friends; and now taxes provide me with twelve weeks of unrelenting work each year.

Society idolizes people who run with limited amounts of sleep. It is a badge of honor to pound your mind and body mercilessly and do it with lack of sleep.

As tax season clawed toward the finish line my performance was no longer acceptable. The amount of work I completed was down and concerns over accuracy started to pop up. Nobody can perform at peak while fighting fatigue and lack of sleep. Nobody.

I call these bursts of hyper activity “marathon runs”. Tax season is my current annual marathon run. It appeals to me because I have manic depression and I learned a long time ago autumn is a bad time and springtime is power time. It was a natural fit. The disease doesn’t always cooperate, but I have learned to control it enough to use it to my benefit.

Yet, the risks of long hours without sleep are a real problem. Lack of sleep is a leading cause of transportation accidents. Even if you read the news poorly you have heard stories of airline pilots, ship captains, train conductors and barges in catastrophic disasters due to lack of sleep. Doctors frequently perform surgery in the morning for a reason. Only emergency surgery is performed later in the day.




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Lifestyle

Secret Messages

Sometimes accounting can be a downright boring subject. It is the job of your favorite accountant to spice it up a bit with stories and jokes so the message resonates and therefore gets through. No matter how brilliant my idea to increase wealth or lower taxes, it is worth nothing if I can’t keep you reading to the end.

Many people find blogs like this by accident. The people hunting for blogs like this already are open to the concepts. Not so the wayward traveler finding her way here from search engines. I write for the choir, but always consider the wayward, too.

I use stories to convey the message. Money is fun to read about and have. To keep readers engaged I impose secret formulas to keep them coming back. It’s almost like a sickness the reader can’t quite put her finger on. How come I am so draw to this blog about (egads!) accounting, saving money, investing and retirement? the wayward soul asks.

Let me be clear. The message is simple: Save half your gross income and invest in a broad based index fund. All done. Now you have another 23 hours and 58 minutes to fill today. Money stuff is done.

Easy as it is, I still need to make a living writing this blog. I enjoy the writing process and telling stories. Changing people’s lives for the better is a bonus.




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Lifestyle

The Government Paid Me a Visit




Teat cups hurt like hell when hit by one, or seven.

I knew this day was coming. I did my best to hide it from you, dear readers. The government has had it in for me for decades. They tolerated my antics as a small town accountant, but now, with a blog growing in popularity, their patience has reached an end.

In the past I was given subtle warnings. Yesterday, and now this morning, the warning were not so subtle. It really isn’t that bad. They offered me the job on a regular basis in the past. The rules are simple: no more blogging; no more tax office. You work for us now.

My heart is heavy. After serious consideration I am accepting their offer. The pay is a solid six figures and all I have to do is spread misinformation getting taxpayers to overpay their taxes, thereby giving the government more control and power. For decades I have been the solution, now I have joined the problem.

Don’t hate me! They are very persuasive. Very persuasive. They sent seven dudes, I mean really big guys, to help me in my decision. They took me into the back room at my office. Even Karen, my Puerto Rican office manager, couldn’t stop them! The government guys had rubber hoses. Well, actually, they had teat cups. I included a picture so you guys know what a teat cup is. Only a farm boy can understand how much a teat cup hurts when you get hit by one.

I was dancing on my tippy-toes and squealing like a girl getting asked to the prom. It was not pretty. That six figure paycheck with a full line of benefits started looking mighty tempting after three hours of teat cup treatment. All I had to do was throw you guys under the bus. Hell, after three hours I volunteered to drive the bus. A few solid contacts from a teat cup on the back of the leg and you would modify your thinking too.

So there you have it folks. I sold my practice for a reasonable price. (The seven government goons are standing over me with teat cups ready as I write.) I work for the other side now. Disregard all the stuff I told you about reducing your taxes. It was all a lie. A good, God-fearing American is always willing to pay extra taxes to protect the freedoms we hold so dear.

The next time you see me at a conference, remember, I am a plant from the other side, there to gather information to get more money from you to the government. Never mind the steroid monster men holding teat cups by the doorway. They are there to help me do my job.

And the welts? Sure, teat cups leave serious welts, but they heal nicely. And while they are healing I have a nice reminder of the job I need to do now.

Before I leave, please check the date on this post. Have a pleasant April Fool’s Day. I knew you guys didn’t believe it once I said Karen couldn’t stop seven government goons. If that were to really happen, Karen would fuck those boys up good.

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