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Ron Caruthers Profile picture
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29 Jun, 4 tweets, 1 min read
Be careful who you marry.

Dr. Dre's divorce cost him almost a billion dollars (800 million to be exact).

Gates and Bezos' divorces cost even more.

Remember, you're entering into a BUSINESS contract with the state and the other person.

Tread carefully.
BTW, I'm not anti-marriage at all.

However, who I chose at 40 was completely different than who I chose in my 20's.

In fact, I'll even have a short video on this for you guys tomorrow.
If you enjoy this video, and want to completely overhaul your understanding about money, from top to bottom, you will LOVE my course Financial Mastery. Check it out here:

gum.co/FinancialMaste…
OH, and sorry these keep popping up on everything. I forgot to turn it off inside @hypefury

My fault, not theirs.

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More from @roncaruthers

Ron Caruthers Profile picture
1 Jul
1. How to select a Tax Professional Part 2

If you missed it, part 1 was a couple of days ago.

You can find it here:

2. In this part, I'll toss out a few more tips, and then tomorrow or Friday, I'll wrap up with how to avoid getting audited.

Here are a few more questions to ask a tax professional that you're thinking of using:
3. Question #11

Are your returns computerized?

Seriously, this isn't the dark ages, and manually prepared returns CAN be more likely to get flagged because people can't do math to save their lives anymore.

So, you want someone who uses computer software to prepare your stuff.
Read 18 tweets
Ron Caruthers Profile picture
29 Jun
1. How to select a Tax Professional that works for YOU, not the IRS....

🏮

One of the questions I got a month ago was how to select a tax professional, so I thought I'd put some of the top questions to ask to make sure you're paying the LEAST amount possible.
2. First off, here is something really important to understand:

If you make more than $50,000 as a single individual or $104,250 as a married couple, you ARE a target for higher taxes.

In fact, the Tax Foundation released research that 60% of us will pay higher taxes soon
3. Even though they say taxes are going up only for the 'rich', the analysis shows that a lot more than the rich are going to be affected.

Just like I tried to warn everybody.

Anyway, keeping more of YOUR money should be your goal, so that is what we're going to talk about.
Read 37 tweets
Ron Caruthers Profile picture
4 Jun
1. If you're looking for a car, and are on a strict budget, @forbes put together a solid list of cars and SUV's that you can lease for under $200 a month.

Here is the list:
2. 2021 Cars Under $200/Month

Honda Civic Sedan: $169/month for 36 months with $2,999 due at signing.

Honda Civic Hatchback: $189/month for 36 months with $3,299 due at signing.

Hyundai Elantra: $159/month for 36 months with $2,899 due at signing.
3.
Hyundai Elantra Hybrid: $179/month for 36 months with $2,899 due at signing.

Hyundai Ioniq Hybrid: $189/month for 36 months with $1,999 due at signing.

Hyundai Sonata: $169/month for 36 months with $2,899 due at signing
Read 15 tweets
Ron Caruthers Profile picture
1 Jun
1. Why 529's are NOT always the best vehicle to save for college in.

Actually, MOST of the time they're not.

Here is why:

First off, if you're not familiar with the history of the 529, here it is:
2. Prior to 1997, the majority of Americans' saved for college in UTMA or UGMA accounts.

There was no benefit to them EXCEPT:

Once your kid was 13 or 14, whatever gains they had in there were taxed at their rates, which were lower, presumably, not YOUR (the parents) rates
3. HOWEVER, when it came time for college, these accounts were considered a student asset NOT a parent asset.

Why does that matter?
Read 27 tweets
Ron Caruthers Profile picture
26 May
1. Some advice for seniors that are heading off to college in the fall.

For @cpowerfitness and his seniors.

First, if youre going to college, know WHY you're going.

If you're not sure, spend the summer doing an internship or two to see what you do or don't enjou.
2. This will save you time once you get there because you won't spend as much time switching majors.

AND...once you find something you enjoy, stay interning during college because

A) At some point they'll pay you, which cuts down your student loans and...
3. B) often you'll start at a much higher salary AND not have to interview too much because you'll have experience.

THIS is a game changer.

Next up: check your FAFSA.
Read 13 tweets
Ron Caruthers Profile picture
23 Apr
1. OK, I've seen enough of the 'hey guys, you don't make over a million so the capital gains tax won't affect you' dumb hot takes for one night, so let me explain to you why this IS a problem.

For you.

Yes, you.
2. For starters, the 'only people over a million' is the HEADLINE to get you to nod your head and think, 'yeah, F those rich jerks...won't affect me.'

But, the problem is....THERE AREN'T ENOUGH OF THEM TO SATISFY THE BEAST.

The beast needs ever-increasing amounts of your money
3. And, 'they' are smart, so they'll hire accountants to figure out how to avoid it.

Which means that the government will have no choice but to come back to YOU and raise capital gains on you and everybody else.

You may not pay 40%....but if you were paying 5% or ZERO,
Read 10 tweets

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