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Tax season is finally over! For the 47% of America that pays $0 in federal taxes, this is a great time. For the other 53% it’s a time of anger and frustration. With all the talk I’ve been hearing about taxation and how unfair it is, it’s surprising to me just how little people actually know about how the United States tax system works. I know that many aspects are fairly complicated, but the overall concept is simple. So I thought I’d give a little illustration of how the tax system in the US works:
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This morning I finalized a consulting agreement and landed a $3,000 retainer. I used to build websites and run SEO services while I was in college to help pay for various expenses. So this field isn’t foreign to me. Since starting my professional career as a forensic accountant, I’ve only done SEO for myself and the various web properties that I’ve built. This is my first SEO gig since my college days.
Today we made another big payment to our last and final consumer loan. We’re alomst 6 months and 24 days into our Total Money Makeover we’ve been pretty consistent with keeping the momentum up. So when my paycheck hit our bank account this weekend we decided to suck it up and make a big payment to Student Loan 4.
We started this month with an outstanding balance on this loan of $6,508.64 Not a whole lot by some people’s standards, but remember that when we got married we had almost $50,000 in debt and when we started our Total Money Makeover we had almost $40,000 of debt. So this $3,000 payment hurt a little bit, but it’s exciting to see how far we’ve come and how much closer we are to accomplishing our goal of being debt free.
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Have you ever been caught in a revolving door? It just keeps on going around and you cannot get out. Some people are like that, they have no direction as to where they are going. If you ask these type of people, “Where are you going?” They answer, “I don’t know.” Then how will you know when you get there?
Besides its common use as the entrance to a house or building, the word “door” is used metaphorically as the entrance to anything…
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A lot of people have been curious about how my real estate partnerships work. I’m working on a new partnership now so I decided to give you the details of this transaction so that you can have an inside look at how I make deals work where everyone wins!
Spring cleaning! It’s that time of the year again where we get to go through all the junk that has been piling up through out the winter. It’s time to purge, to organize, and to change. The truth is, we haven’t done a good thorough spring cleaning since we moved into our condo almost 2 years ago. So what we found was a kid of a surprise…
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A businessman once overtook another man trudging through the snow, humming to himself. The businessman talked with him briefly and found that he was very poor. Finally he asked him if he didn’t think he’d be happier if he were rich. “No, Boss, all the rich men I work for never laugh.”
Where does all your money go? Have you ever sat down to analyze exactly how your spending your money? Believe it or not, building wealth depends more about your spending habits than it does your income.
Islands, the popular Hawaiian-themed restaurant chain is giving away free Mavericks burgers and fries today at all Los Angeles locations until close — a tribute to the Mavericks International Surf Contest. The surfing competition didn’t actually take place this year, but the restaurant still wanted to celebrate by giving customers free Mavericks burgers and fries.
The Islands Mavericks burger comes topped with BBQ sauce, Islands’ signature crispy onion strings (Islands Reds), American cheese, lettuce, tomato and pickles, served with a side of fries. To receive the free burger, guests need to bring in a picture of any Maverick wave (big wave). You can find one on the Island’s Facebook page. The limit is one burger per person. (TODAY ONLY 4/4/2012)
Source: LA Times
March 2012 +$13,339.46 – We’re 15 months into the Zero Passive Income Experiment. This month was another successful month of paying down debt and building passive income streams. Check out where this month has taken us on our financial journey.
Hi! I'm Jeremy Salvador and this is my wife Jill. When we started this blog we were broke and had Zero Passive Income. Find out where we are now in our 
