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Zen meditation

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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Take a Selective Vacation to Maximize Productivity

vacation-149960_960_720The past year has been the most brutal of my career. What started out as a good idea has cascaded into a challenge I am still working the details out on. Challenges excite me, but this one showed up unannounced.

Back in the day when I was building my practice I didn’t work that many hours because it was a seasonal business and I saw no need to bust my tail for “a few more dollars”. (A good movie, by the way.) My strategy was simple; always do better than the year before. As the years accumulate, beating last year required more work. It wasn’t money; it was pride.

Eventually I was working way more than I wanted to, so I cut back dramatically and seriously considered selling my practice and living a “real” retirement. The reduced hours and the return to a normal lifestyle (for me) put the “selling the business” idea on the back burner.

It all changed a year ago. This blog and other media attention sent requests for my personal services through the roof. The process of digging out is still ongoing. I had no choice but to say “no” a lot more than I ever had before. That is a difficult pill to swallow because I love working with people and helping clients reach their goals.


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Lifestyle

Obituary: Keith Schroeder Passed Away Saturday Night

img_20161016_142840Keith Schroeder passed away early Saturday evening after a short battle with illness. He is survived by his wife, two daughters, parents, and brother.

Keith complained of a headache Wednesday. He used over the counter medications with no improvement. On Thursday he visited his doctor who prescribed stronger pain killers. It was determined the headache was due to the change of seasons and allergies. The medication improved Keith’s condition until Saturday morning when the pain returned and was unbearable. He was rushed to the hospital over concern an aneurism was about to burst.

Prior to surgery Keith spent time with his wife and daughters comforting them. He seemed to know the end was near. He talked about how much he loved the girls in his life and how happy they made him. “I am so proud of you girls,” he said as he held their hands. To his wife he said, “I am the luckiest man alive. You gave my life meaning and hope. Without you I was nothing; with you I am everything.”

Keith grew up on a farm and had fond memories of working with animals and later doing the same on his own small farm. He was happiest when with his family walking his land and watching his animals play.

After high school Keith went to work in his father’s business until he was injured inhaling silo gas. His serious farming days over, he focused on his other passions: numbers and writing. He loved business, investing, and working the tax code. Over the years he ran several businesses, none more successful than his accounting practice. His office was his home. He loved working with clients and employees helping them realize their dreams.Continue reading

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Finding Balance in the FIRE Lifestyle

By TVR - Own work, CC BY-SA 2.5, https://commons.wikimedia.org/w/index.php?curid=964935

By TVR – Own work, CC BY-SA 2.5, https://commons.wikimedia.org/w/index.php?curid=964935

FIRE: Financial Independence, Retire Early

There are only a few good reasons to work. They are good reasons, of course, but can quickly overrun your personal life, destroying the original goal of working in the first place. The two good reasons I can think of to works are:

  • Saving for retirement, and
  • Love of the work.

In the beginning it is hard to tell if you love your work because you have to work. That is why we preach early retirement here; not to bow out of life as soon as possible, but to live the life you want. Once you have amassed a large enough nest egg you are retired even if you chose to continue working your job. FIRE allows you that freedom.

Once you have moved beyond the need to work a job many people continue to do so. Self-employed people are the worst. I know, I’m living it! Just because you can quit doing what you do to earn income does not mean you should. If you enjoy the work environment, co-workers, clients, and the work itself, why would you quit? There is no shame in doing what you love as you work toward financial independence and even afterwards.

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Zen Meditation: The Quiet Mind

A quiet, reflective start to the day.

A quiet, reflective start to the day.

Several years ago my office building was burglarized. Two young men used a tire iron to break a window and enter the building. Tax offices do not have a lot of stuff worth stealing so they settled on two monitors and an old safe with an empty coffee can in it. People pay their bill by credit card or ACH in the majority of cases; a few still pay by check and cash comes in during tax season and is removed each day.

The young men caused thousands of dollars in damage for the massive haul of two monitors worth maybe $20 each. (New monitors are under $100.) So what were they geniuses looking for? Well, it seems they remembered I had a soda machine outside my building a decade ago and they assumed I moved the machine inside the building. Yes, they burglarized my building for some of that lucrative soda machine money.

They did not find the soda machine. I retired the machine years ago. The police were so excited to gather evidence. A few days later the young men were in custody. The police and district attorney informed me I was a victim. I replied ‘I am not the victim. My building is the victim; they kicked the shit out of it.’ For some reason I did not feel violated; I can’t speak for my building since I was not the one sodomized.Continue reading

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