Articles

The big single determining factor on the dealer versus investor question is your intent. Are you “in business” doing this (is it inventory)? Or are you building up your investment [...]

In a recent writing class the instructors talked about “showing” somebody something — making it so the reader can “feel” the experience rather than just being told [...]

A good friend just sent me a copy of a thread talking about different ways that real estate investors and flippers use their QuickBooks, more particularly when it deals with how they keep track [...]

Have you ever really stretched to see how big a step you can take?  As you put one foot farther in front of the other, you become less stable, so that the slightest wind or irregularity in the [...]

Doctors, lawyers, accountants (all that ilk) tend to think that the financial system isn’t very fair.  They don’t like to talk about it, but most docs have figured out that on the [...]

Are you successful in your business?  Great. For many of you, I have some bad news.  A few of those outstanding qualities and abilities that have gotten you to where you are now are the same ones [...]

Here is a copy of a Facebook post to a discussion group run by my friend Jim Ingersoll.  People were talking about hiring CPA’s for up to $400/hour.  Some of those are sheep in [...]

Most of the people I know who are good at making money are not near as good at keeping records that conform with all the IRS rules and regulations.  Some are hard-wired that way.  As Bill Gates [...]

Many of the people I deal with use investors to buy into or lend money on real estate deals.  Sometimes it’s for other things — like financing note purchases, growing a business, or [...]

How often do you look at your books?  If not very often, it is probably because they aren’t very useful, so why should you look at them?  The language of your business, of your school, the [...]