April 2009

Setting up My Small Business Home Office

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I recently incorporated my first company. It has one employee – me – and its only asset is this blog. But it was a great feeling to officially become a small business owner, thereby joining 15 million other Americans. The reason for incorporation was primarily driven by the taxation benefits as I detailed below, but [...]

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Blogging Becoming a Serious Money Business

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Apparently it takes 100,000 visitors a month to make $75,000 a year from blogging! Not so sure how realistic this is based on a piece I wrote about how much bloggers make, but I would put the number more at $40,000 for that number of visitors. Still not bad by any means and if you [...]

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Dealing with Financial Hardship and Overwhelming Work Stress

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Today’s sad news about the suicide of Freddie Mac CFO David Kellerman and the shooting/suicide deaths of Christopher Wood, who killed his wife and three young children first, really hit me hard. Both apparently related to job stress or financial and economic hardship. No doubt, there are many reasons why people take such extreme actions, [...]

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The End of the 2009 Cash for Clunkers Used for New Tax Free CARs Subsidy – Qualification and Eligibility Criteria

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The $3 billion Cash for Clunkers program will shut down on Monday (8/24/2009). Dealers must submit any pending Clunker deals, including any necessary paperwork, by 8 p.m on Monday to get refunded for the CARS subsidy. To date, the program has recorded more than 457,000 dealer transactions worth $1.9 billion in rebates. “With a date [...]

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The Many Paths to Riches and Wealth – Which One Are You On?

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We have all thought about being wealthy and rich, and what we would do if we had enough money to fund all our desires and take care of loved ones. However, how can you get rich? In reality there are only a few ways to do so and here I look at the main paths [...]

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Can’t Afford to Pay My Taxes! What Happens if I File Late and Can I Get an Extension From The IRS

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[Updated] As the tax deadline rapidly approaches, many Americans are yet to file their returns. This could be because they have a tax liability and due to a drastic change in their financial or personal circumstances over the year, they cannot afford to file their taxes. You can get a good idea of your tax [...]

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Warren Buffet’s Berkshire Downgraded as AAA Credit Rating Lost

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I don’t feel so bad about my past year investing. After all, even the world’s most famed investor – Warren Buffet – had his wings clipped today. Bloomberg reported that rating agency Moodys cut his company Berkshire Hathaway’s top-level Aaa credit rating by two levels to Aa2, on the falling value of stock markets and [...]

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Frugality,Thrift and Saving – The New Norm

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I got stuck in a major traffic jam again last week, a trend that seems to be getting worse. However this was no traffic jam on the freeway, highway or any kind of road. It was a lunch time traffic jam to the one microwave in our office as more and more people bring lunch [...]

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China Taking over the Internet as Usage Surpasses America

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The internet and it’s evolution is synonymous with the leadership in American technology. However, like every thing else, the world is catching up and over taking the US. One clear example of this is internet usage, which is now the highest in China as shown in the graphic from a recent Economist article. Now, China’s [...]

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COBRA Health Care Premium Reductions (Subsidy) in Obama Economic Stimulus Package

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I received a question from a reader, who was recently laid off, about what additional health insurance benefits (via COBRA) he would qualify for under the Obama economic stimulus package, also called the American Recovery and Reinvestment Act of 2009. I covered this briefly in other economic stimulus posts, but this piece aims to provide [...]

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