Tax Changes Are Coming Joe Biden has made his desires known that he wants to raise income taxes. There is also the possibility that other taxes will be increasing as well to pay for all the new programs he has proposed for his administration. Here is a list of those changes. The article provides…
The Lifestyle Regulator Everyone’s current “lifestyle” is sacred. No one ever wants to consider reducing their lifestyle. The Lifestyle Regulator may be the one piece of the model that plays the most important role of all in how you manage your money. It regulates the amount of money that you allow to flow through the…
The American Rescue Plan Roughly one year ago, Congress passed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. It was a massive, $2 trillion stimulus package designed to help boost the economy as it shuddered from the impact of COVID-19. The bill was generally considered a success – but on its own,…
As promised last week, this week in Coach’s Corner we’re going to discuss the tax filter…so let’s get right to it. The Tax Filter If you focus your attention on the copper tax filter (shown in the red box above), you will notice it takes center stage in the model. Every dollar will eventually…
As we remember and celebrate this incredible season of Passover and Jesus’s resurrection, I bless you and all those in your house. If you are mourning, I bless you with comfort and joy to return. If you are struggling financially, I bless you with new opportunities and abundance. If you are confused and distraught, I…
By now, you are probably familiar with the segment I am calling Coach’s Corner. (If not, check out March 11th’s and March 18th’s post.) This week, we’re going to cover: Monthly Cash Flow This is something that needs little explanation. Most live from month to month. Our fixed expenses are paid monthly, and our discretionary…
If you read my email last week, you learned that I’m starting a new segment called “Coach’s Corner”. Last week, I told you I would cover the Personal Economic Model (PEM) in more detail. So let’s get to it… The importance of the big tank illustrated on the left side of the model is to…
Not sure how you celebrated St. Patrick’s Day yesterday, or even if you celebrated. I didn’t, but after learning more about the holiday, I might consider celebrating next year. When you hear the words “Saint Patrick’s Day” what images or feelings come to mind? For some, it reminds them of their childhood – wearing green…
The PEM Can Help I am starting a new column today on ideas about money, income, risk and debt. It relates to some of the tools we use. Some of these ideas you may have heard. Others maybe not. We’ve decided to call the column Coach’s Corner. I hope it will be thought provoking and…
Taxes Are A Drag Although there are many reasons we are fortunate to live in Colorado, one of those you probably don’t think about is state taxes. We’re actually the 6th best/lowest states for taxes, not including the states that don’t have any state tax. Don’t allow this fact to lull you into a…