Tax Saving Strategies and Outsmarting the System – A Book Review

Outsmarting the System

One of the principles I preach here on My Money Design about building your wealth is to find smart ways to KEEP more of what you earn.  And in no other way can you accomplish this more than by using the right tax saving strategies to help avoid paying more than you have to. I say that because taxes are something that eats into your finances no matter how low or high your income is.  In fact the more money you make, the worse your tax bill becomes because it scales upward with your earnings to the point where it could potentially be one of the largest expenses you have. But with the right tax planning strategies it doesn’t have to be this way.  There are many ways to lower your tax bill that you probably either don’t use or simply … [Read more...]

How to Reach an IRS Installment Agreement

How to Reach an IRS Installment Agreement

No one intentionally falls behind on their taxes unless they’re taking cues from Thoreau’s Civil Disobedience (which by the way will hardly work in your defense in court). While Thoreau ended up spending a night in jail and getting some material for his book, most of us would prefer to avoid the penalties imposed for tax delinquency. For those who have found themselves unable to meet their tax requirements with the federal government due to a poor financial situation, one viable solution might be figuring out how to reach an IRS installment agreement.   What is an Installment Agreement: Because the IRS would prefer that it receive at least some portion of your prescribed tax obligations, it is often willing to come to a … [Read more...]

How to Remove Disputes from Credit Report History and Get a Higher Score

Credit Report Disputes

It is always a good idea to keep an eye on your credit score and credit report. I have been been doing my homework in this area, and I am thrilled to report that my credit score has risen dramatically due to some simple efforts I made. Here’s what was holding me back. I’m pretty conscientious when it comes to paying my bills on time. But a year ago my wife and I moved to a new city. Though we canceled our utility accounts only after the final balances had been paid, my credit report showed an unpaid partial month. Because we changed addresses twice in 3 months, I guess written confirmation never found me, and we were never notified any other way. I only noticed the negative mark on my credit report when I checked … [Read more...]

Never Let Anyone Compromise Your Goals in Life

goals in life

My wife and I have been having a lot of discussion lately about some of the changes we want to make that will help us reach our goals in life sooner rather than later. Don’t worry – there’s nothing wrong with us or our marriage.  But for reasons I won’t get into publicly, let’s just say that the working-world has decided to pose some complicated challenges that would otherwise make it take longer to get there. Since going down this path of reaching financial freedom, we’ve both been so completely infatuated with the goal of getting there.  We’re seduced by the thought of what our lives will be like when we do. Unfortunately though sometimes even though you think you’ve got all the pieces to your life in place, things beyond your … [Read more...]

My Money Design Turns 3!  What I’ve Learned About Writing Blogs for Money

Writing Blogs for Money

I’m proud to announce that as of last week MyMoneyDesign.com is now 3 years old! Running a blog is something that unfortunately not a lot of other people can claim to have accomplished.  During my tenure I’ve seen a lot of websites start, a lot of them fail, and some of them just completely disappear of the face of the Internet. But I’ve also seen a lot of the good ones carry on and take their sites to the next level.   They’ve encouraged me, inspired me, and even challenged me at times to improve.  I’m very thankful for all the friends I’ve made and for everything I’ve throughout this whole experience! If someone would have told me 3 years ago that this would be my primary way of making money on the side, I would have told them … [Read more...]

Improving the User Experience in Video Collaboration

Video Collaboration

If you’re operating a business, you probably understand the importance of utilizing only the most functional equipment to help you operate efficiently and effectively. While video collaboration tools have been available for the past few decades, the technology has not always been reliable enough to execute goals in a timely fashion. Struggles equipment installation, low video quality, and incessant breaks in connection have stood in the way of productive collaboration across the video conferencing platform. Thankfully, the technology has advanced to take advantage of cloud computing software, allowing for more lightweight, web-based conferencing tools that allow users to conference without the interruptions and clunky interfaces of … [Read more...]

Can the Experts Help Us with Investing in Dividend Stocks?  6 Month Update

Investing in Dividend Stocks

What if there was a really simple way for investing in dividend stocks and knowing which ones were going to do better than others over the next year?  What if all you had to do was just read the expert opinions to know how they were going to do? That’s the fun little experiment I started about 6 months ago when I bought my last round of dividend stocks to add to my money design.  Of course this is NOT how I picked my stocks and I would NEVER advise you do this.  There are plenty of other ways to evaluate the assets of a company.  All the same though, I thought it might be fun to note the “expert opinions” for each of the stocks I bought earlier this year and see how they did every 3 months are so. Who knows – could any of these … [Read more...]

Niche Website Update 20 – Copying My Competition – Plus $1,226 in Income

niche website

When you’re like me and depending on your hobby of blogging to supplement your income, you start to take a very active interest in how exactly you can do things better.  Why?  Because better = more money! That’s exactly what I’ve been up to this month – trying to figure out creative ways how to do things better.  Though I’ll get into more detail about it below, I’m confident that the things I’m doing will have long lasting positive benefits on my niche websites. Even though I declared in my last Niche Website Update that I wasn’t going to invest much more effort into my latest niche site #4 (which I call NS4), ironically that’s the one that I’ve been working on the most when it comes to “experimenting” with a few new … [Read more...]