How to Finance Your Company: Know Your Options

How to Finance Your Company: Know Your Options

How you will finance your company is an important decision. Financing will impact how you operate and how you make decisions. For example, a company financed by the founder's personal savings will operate differently than a company that has received funding from venture capital investors.

The Importance of Knowing Yourself

The Importance of Knowing Yourself

A lot of smart people before us have stressed the importance of knowing one's self. Ancient civilizations of our world, thought leaders and philosophers have touted the virtue of this. This still persists today. Depending on who you ask and what school of belief you subscribe to, knowing yourself has been framed as the literal meaning of life. 

Self examination plays a huge role in your personal economics. Knowing who what you value and what has influenced impact your decisions and your goals 

Why You Need Year-End Tax Planning with Your Accountant

Why You Need Year-End Tax Planning with Your Accountant

Full disclosure: I'm not an accountant. I just get to hang out with them, which makes me dangerous to myself and others. This isn't tax advice. It's advice to seek tax advice.

We should all show our accountants some love. They bust their asses reading, interpreting and applying the tax laws. They file our taxes. They walk through the fire of dealing with the IRS and other tax authorities. And they help us at the end of the year with tax planning.

Accountant vs. Bookkeeper. Know The Difference.

Accountant vs. Bookkeeper. Know The Difference.

Not all accountants are bookkeepers and not all bookkeepers are accountants. Each play a role vital to your business.  Both bookkeeping and accounting rely on each other and share a common goal, but the processes for each varies.

Why You Need An Emergency Fund.

Why You Need An Emergency Fund.

There are plenty of people who don't have an emergency fund. In fact, nearly 30 percent of Americans don't, according to a report by NeighborWorks America

70 percent of Americans who do have emergency fund savings are lucky. Better yet, they're #blessed. It is a fucking luxury, just like an overpriced Yeezy hoodie. The reality is that it's just not a reality for everyone, unfortunately. 

Do Your Best. Always. At Everything.

Do Your Best. Always. At Everything.

Do your best. Always. At everything. It's hard, but more often than not, you'll feel better than if you hadn't tried your best. Even if you fail or look stupid or fall short. It's possible that the euphoria and pride of doing your best outweighs everything else. It might even motivate you to try harder next time around. And if you do that consistently, whatever limits you originally placed on the outcome could dissolve. And that's when and where magical and interesting shit can happen.

The Virtue of Retirement Savings: How Much Should You Save?

The Virtue of Retirement Savings: How Much Should You Save?

Not everyone can save for retirement because they're can barely get by.  So for the those of you who can, this is a privilege you should take advantage of. Those of you who think you can't, do the numbers and see just how short your savings are. Even if you're a disadvantaged player in the system, operate with as much knowledge as possible. Use the calculator to understand how much you'll need in retirement and how much you should be saving each month. 

Enrolled Agent vs. CPA. Know The Difference.

Enrolled Agent vs. CPA. Know The Difference.

When I started my career in consulting, I started to meet people with the title Enrolled Agent. As if the tax code isn't confusing enough, I discovered another layer of WTF when it came to the people who help prepare and file tax returns. Which lead me to ask myself, "What's the difference between an Enrolled Agent and a CPA?"