In my last blog post How to Start a Business – Ideation Phase – Part II – Wealth Builders Forum I discussed the importance of creating a Problem Statement, identifying an Ideal Customer Avatar (ICA), the Lean Startup methodology, Falling in Love with the Problem, identifying our market and how Read more…
“So I think I have an idea for a business that would have a customer following and solves a problem that people genuinely have but now what I do?” I hear this multiple times a week from the individuals that I counsel. In my last post https://thefinancialstoic.com/?p=331 I laid out Read more…
Entrepreneurship is perhaps the fastest way for an individual to accelerate their wealth building pursuit. It not only offers an individual the ability to make an exponential return on the time that they expend on the activity through profit, unlike a job where it is linear pay for time directly Read more…
Earned Income is the Highest Taxed Income I’ve obviously talked about the importance of tax-deferred investing many times before in other posts https://thefinancialstoic.com/wp-admin/post.php?post=362&action=edit but it’s so important that I need to dedicate a post specifically to discuss how to take advantage of tax-deferred retirement accounts. Let’s be honest with each Read more…
How can the type of employment determine taxation? Easy. It’s what the US government wants to encourage. There’s a now legendary story of Warren Buffet as it relates to taxes. When interviewing Mr. Buffet, a reporter asked him what he thought about the US tax system and he quipped that Read more…