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Finance | Get the real facts about personal finance.

IRS Home Office Rules: What Counts During the Coronavirus Pandemic

April 4, 2020 By Cade Hildreth Leave a Comment

With employees across the country now unexpectedly working from home, life is suddenly much different and it raises many questions. From how to stay productive in a house full of distractions, to the best way to set up a makeshift home office. You may be learning on the fly how to navigate these uncharted waters.

One topic that has come up is whether new remote workers will have any basis for taking a home office deduction on their tax returns. The answer is… it depends. [Read more…] about IRS Home Office Rules: What Counts During the Coronavirus Pandemic

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Filed Under: Finance, Finance, Finance, Finance, Finance Tagged With: taxes

What To Do With Your Money During the Coronavirus Recession?

March 27, 2020 By Cade Hildreth Leave a Comment

How will the Coronavirus recession impact you, how bad will it get, and how long will it last? We’ll dive into all those answers, but before we get into the grim details, let’s consider the upside.

The coming months may be one of the best times of your life for wealth creation.

That is, if you play it right by conserving your money now, studying how to invest, and getting prepared to buy investments when they drop to new lows. [Read more…] about What To Do With Your Money During the Coronavirus Recession?

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Filed Under: Uncategorized Tagged With: Coronavirus

7 Life Changing Books That You Need to Read

March 14, 2020 By Cade Hildreth Leave a Comment

A University of Sussex study found that reading for 6 minutes was able to reduce stress levels by more than two-thirds. Reading can also improve memory, shift mindset, and induce feelings of well-being.

Perhaps this is because the same neurological regions of the brain are stimulated by reading about something as by experiencing it. Wow, right?

With this in mind, it’s critical to be consuming powerful, life-changing literature.

Sifting through titles on Amazon (or Audible) can be cumbersome though. How do you know which are going to be worth the read?

I’ve got you covered! Below is a list of 7 life-changing books that profoundly altered the way I think, act and live my life. I highly encourage you to rush out and grab them today.

None of the books below are affiliate links and I have no connections with the authors, so these represent my unbiased opinion! [Read more…] about 7 Life Changing Books That You Need to Read

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Remote Work: Everything You Need To Know To Optimize Your Productivity

March 7, 2020 By Cade Hildreth Leave a Comment

Remote work has become increasingly popular in recent years. And, I’m one of many who has ridden this wave.

For some, remote work means a full-time lifestyle as a digital nomad. For others, it means supplementing your income with paid blogging, ghostwriting, or researching.

Whatever your situation, all remote workers face similar challenges when it comes to productivity. Everything from pets and deliveries to social media and personal phone calls can disrupt your workflow.

I know this from first-hand experience, because I have been working from home for over a decade. [Read more…] about Remote Work: Everything You Need To Know To Optimize Your Productivity

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Tax Strategies: How to Play the “Tax Game” Like the Wealthy

February 29, 2020 By Cade Hildreth Leave a Comment

Looking for tax strategies to owe less to the IRS this April? Or better yet, going after a larger refund? The tax laws are always changing, so it makes sense to maximize your return.

In the United States, we have a progressive tax system. Meaning, people who earn more should pay a higher tax rate than those who pay less. This approach is based on fairness and an “ability to pay”.

What is interesting, however, is that the American tax system is only progressive up to a point. It is progressive for lower and middle class Americans, but it is not for wealthy individuals. [Read more…] about Tax Strategies: How to Play the “Tax Game” Like the Wealthy

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Filed Under: Uncategorized Tagged With: taxes

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