Tag

travel

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.




Continue reading

Related posts
Smarticus
May 22, 2017
The Sweet Spot of Non-Cash Deductions
May 19, 2017
Increase Your Success at Anything with Warren Buffett’s “20-Slot” Rule
May 17, 2017
Lifestyle

The Worldview of the Financially Independent

IMG_20170112_134557What started as a grand idea has morphed into a changed worldview. For decades I focused on the local community in my practice. I would speak for various organizations around the area, rarely traveling more than 50 miles. And I was happy with that.

My speaking engagements and traveling expanded during the 1990s when I entered the securities field. As memory serves, every presentation I have given outside the State of Wisconsin was for something related to securities. Until two year ago.

Two years ago I had this brainstorm to expand an area of my practice that had been an itch I had to scratch. It went horribly wrong and changed my life in ways I never expected. It was a simple idea. Swoop in on a personal finance conference, dazzle them with my usual charm, and sell an idea. It didn’t go according to plan.

My idea was accepted in a modified form. The problem arrived when I was offered an opportunity to expand my worldview like never before. Remember, I am an old farm boy from the backwoods of Wisconsin. This shit doesn’t happen around here. I was totally unprepared.

The result was this blog and a shout out by Mr. Money Mustache. I had to write this blog; I had no choice. The idea was on the back burner for years. Now I had to push forward with the project. People wanted to hear what I had to say.

And then there was the growing demand for my services and requests to speak to more groups. As I started to attend these events and communicating with many people in the FIRE (financial independence, retire early) community, I started to build friendships. I missed these people when they were not around.


Continue reading

Related posts
Smarticus
May 22, 2017
Increase Your Success at Anything with Warren Buffett’s “20-Slot” Rule
May 17, 2017
The Knuckle Dragging Neanderthal Meets Uber and Airbnb
May 15, 2017
Credit Cards, Lifestyle, Small Business, Taxes and Investing

Get Paid to Take a Vacation

frog-897418_960_720Mrs. Accountant and I recently went on a business trip. Like most business trips we invested time, but no money. The trip was better than free; we came home with more money than we started with and did nothing crazy like house-sitting or couch surfing. We enjoyed meals at excellent restaurants and slept in 3 and 4 star hotels every night. We drove in this instance because we like seeing the sites as we go. In all it took three weeks to complete the business trip. It was a great time for Mrs. Accountant and me to spend quality time together without interruption.

There are a million ways to travel for free. Many people in early retirement dream of doing so. But what about the rest of us? You might not be retired. And then there is the unique breed of animal called the business owner. I fall into the last group.

Traveling is something I avoid. Life on the road is not something I look forward to. As I get older I find myself on the road more and more for longer periods of time for business. Now you know why Mrs. Accountant works for my company.

The reason for the trip is not important. What is important is how I accomplished the feat of three weeks of travel and got paid to do so. Actually, three entities paid for our trip: the organization I was asked to speak for, the bank, and the government. The government paid the largest portion of the bill and it was all legal.

Speaking engagements are the biggest reason for time away from home now. Training conferences are second. Many conferences extend over a long weekend, four days in this instance. The four days at the conference were covered: meals and lodging. Personal entertainment and travel were my own.


Continue reading

Related posts
The Sweet Spot of Non-Cash Deductions
May 19, 2017
Fighting the Profit Train
May 12, 2017
The Ultimate Credit Card Rewards Hack
May 5, 2017
Lifestyle, Taxes and Investing

Advantages of Living on the Road

rv_camper_at_north_toledo_bend_state_parkCome with me on a journey where taxes no longer apply.

Fifteen to twenty years ago I made it a mission to get people out of paying state taxes. Income taxes are the most obvious, but there are litanies of other taxes states levy against the people. Over the last few decades I estimate I cost the State of Wisconsin approximately $43 million in tax revenues. The richer you are the easier it is to avoid.

First I will tell a true story before I move to a tax strategy many of you early retirees will find very interesting.

Sometimes wealthy people wander into my office to pick my brain. This always amazes me because the pickings are rather slim at times. Still, it happens. On the particular day I have in mind one of the top people at a major financial firm stopped in. They were using a high powered firm in Chicago at the time so they thought an ‘ol farm boy from the sticks in Wisconsin could do better. And I did.

The issue revolved around retirement. They wanted to move to Wisconsin. When I reviewed their finances I explained why they did NOT want to move to Wisconsin. I showed them a number and they agreed. There was a solution, however.


Continue reading

Related posts
Smarticus
May 22, 2017
The Sweet Spot of Non-Cash Deductions
May 19, 2017
Increase Your Success at Anything with Warren Buffett’s “20-Slot” Rule
May 17, 2017
Early Retirement, Frugal Living, Lifestyle

Camp Mustache III Roundup

13315755_10209893567486838_2129947347908818265_n

Always something to learn at Camp Mustache III.

There is a raggedy band that gathers in the hills east of Seattle every year over the Memorial Day holiday in the States. From around the planet they gather, each with their own unique story. I was one of those stories.

Camp Mustache III was a resounding success again this year as Joe, Kristin, and Emma put together a hell of a program. Camp Mustache is a gathering of like minded people focused on financial independence and early retirement. Pete Adeney is the guest of honor as Mr. Money Mustache.

Attendees ranged from the young (two impressive young ladies, age 23 and 25 were there) to the less young. Each had a life story to tell on their journey to financial independence. Meal time allowed ample opportunity to catch up with old friends from previous Camps and make new friends. You had to work hard to have alone or quiet time. There was so much to do!


Continue reading

Related posts
Increase Your Success at Anything with Warren Buffett’s “20-Slot” Rule
May 17, 2017
Your Money or Your Wife
May 10, 2017
Tough Times Make You Rich
May 8, 2017