1. How procrastination robs you.

I thought you guys would enjoy a little story about what I did to myself recently.

Feel free to point and laugh, btw, but I'm willing to bet your guilty of the same.
2. I had a report to write for a client. Basically, a summary of what we had discussed.

I knew it was going to take me a couple of hours to write, and I would need to crunch a bunch of numbers to do it.

So, I put it off for WEEKS.

Literally, as long as I could
3. I finally sat down and did it.

And it took a couple of hours to do....just like I thought.

However, here is what I realized:

I had been obsessing about writing this summary everyday leading up to actually getting it done.
4, When I thought back about it, I'm guessing I spent AT LEAST 20 hours thinking about AVOIDING doing it....and I still had to do it anyways.

And, everyday I woke up, and usually last thing before bed, I was feeling guilty and thinking about this report that I wasn't doing.
5. It was haunting me.

Anyway, here's the lesson: we all KNOW we're not supposed to procrastinate on stuff.

I just thought that in this specific case, it cost me at least 10 times the emotional time and energy as just doing it in the first place did.
6. Learn from me and stop this habit if you have it.

Great quote: When there is a hill to climb,

Don't think that waiting will make it smaller.

/end
And yes, I just realized that it's supposed to be you're in the first tweet.

We need an edit button, @jack.

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More from @roncaruthers

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
29 Jun
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…
Read 4 tweets
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
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
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
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

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