Friday/February/06 13:09
by Derek G. Rowley (c) 2009, All Rights ReservedIt seems to be the consensus among business and political leaders that our economy is worse than it has been in generations. Statistics, for what they are worth, prove it. In other words, most of us have never seen anything like today’s economic crisis, and there isn’t much in our own experience that gives us guidance in our business decisions. A recession such as this requires a shift in our thinking, our planning, and our decision-making in order for our business to see the light of day at the other end of this economic cycle.
Read More...Tags: recession
Tuesday/January/06 15:06
by Derek G. Rowley
A discussion group at the
TaxProf Blog has identified their annual Top Ten Tax Stories of 2008, covering a range of tax-related issues. You can read the whole story at their site, but for our purposes we will count them down, Letterman-style:
Read More...Monday/September/08 12:03
Smartmoney.com surveyed millionaires and compiled the top ten things that millionaires don’t want to reveal:
- “You may think I’m rich, but I don’t.” A millionaire in 1945 would need $12 million today to be in the same position.
- “I shop at Wal-Mart.” They hunt for bargains and clip coupons.
- “I didn’t get rich by skimping on lattes.” The most common path to wealth is entrepreneurism - starting a business.
- “I have a concierge for everything.” Many of the wealthy consider the value of their time to be worth more than to spend it doing menial tasks.
- “You don’t get rich by being nice.”
- “Taxes are for little people.” They can afford high-level tax planning.
- “I was a B student.” The median college GPA of millionaires is 2.9. Most credit their success to hard work and determination, rather than “smarts”.
- “Like my Ferrari? It’s a rental.” It makes sense for many high-ticket items.
- “Turns out money can buy happiness.” Statistics show that the wealthy are happier.
- “You worry about the Joneses - I worry about the Trumps.” There is a growing disparity between the middle-class rich and billionaires
Tags: Smartmoney