How to “Brace Yourself” for the Economic “Hurricane” Roaring In…
You may have heard the warning call from Jamie Dimon, CEO of JPMorgan Chase bank this week. Talking to peers at a financial conference, he said this about our shaky economy… “You know, last week I said there’s storm clouds, but I’m going to change it … it’s a hurricane.” “Brace yourself!” Why such a […]
The Cure for Investment FOMO…
© z1b / Adobe Stock Just among the friends and relatives of our team here at Wealth Factory… We’ve seen a 20-something kid make a cool $500,000 after tax on the Gamestop short squeeze in January. We’ve watched a teenager make a 15,000% gain from the start of the year in a cryptocurrency called dogecoin… […]
The Real Story of Rising Inflation, and the Best Way to Hedge Against it…
© Feng Yu/ Adobe Stock The two most powerful economic policy officials in the U.S. have been singing the same song about inflation for the past 3 months. “Inflation is not a problem,” they croon. But their cheery tune sounds off-key for most sensible people. After all, just look at how prices have gone up […]
Dealing With a Monster Tax Bill
(and what to do if you can’t pay your taxes) Darla thought her yoga business was going to fold last year when the pandemic hit. The building she rented shut down. No one could come to classes. And her cash flow came to a screeching halt. So she did what all great entrepreneurs do. She […]
How A Tax Filing Extension May Cost You More Money…
(+ How To Create More Cash Flow Without Working Harder) Taxes and a tax filing extension can get complicated, especially for entrepreneurs and small business owners. And with all the financial craziness of the past year, filing your 2020 taxes are as complex as they’ve ever been. In fact, the American Institute of CPAs (AICPA) […]
How Tax Credits Work in Business & How To Use Them
Every year millions of dollars go unclaimed by businesses that think they can’t take advantage of R&D tax credits & benefits. So if you think research and development (R&D) tax credits are only for large corporations or big scientific breakthroughs, you could be missing out on some huge tax breaks for your own business. […]
How Trump’s “Last Signature” Could Save Whole Life Insurance From a Sure and Certain Death…
2020 will forever be remembered as a year of major changes in how we live our lives, whether it be social distancing, or distance learning, or remote workplaces. And thanks to the Consolidated Appropriations Act of 2021 that Congress passed in late December and that Donald Trump signed into law on December 27… 2020 could […]
The Stock Market is Rigged Against You — Here’s a Safer Way To Store Your Money…
When we hear the word “insider trading,” most people think of something illegal. Images of Martha Stewart being hauled off to jail in an orange jumpsuit start racing through our heads. But the fact is, it is not against the law to engage in insider trading. As long as you follow the rules, at least. […]
Economic Disruption: How to Turn The Next 4 Years Into Your Greatest Opportunity
If you scan the financial headlines for 2020, it looks pretty grim. Whether it’s unemployment numbers… Or small businesses permanently closing their doors… Or even giant corporations filing for bankruptcy… And the list of major companies that have filed for bankruptcy so far in 2020 since the coronavirus shutdowns began is eye-opening and sobering. See […]
Business Opportunities and Danger Zones after “The Great Stimulus” Ends…
And How to Prepare for What’s Next 2020 has been a financial rollercoaster. Early in the year, the economy looked to be strong and vibrant with historically low unemployment record highs in the stock market. By the end of February, fears over coronavirus started wreaking havoc on the market. And then in March, the financial […]
