What's new

Search results

  1. CareCPA

    How to draw dividends before year end?

    +1. Sorry for any confusion.
  2. CareCPA

    How to draw dividends before year end?

    Another fun tidbit (yes, I actually think this is fun), is that you can weight your salary to what you do. For example, maybe you spend 30% of your time on admin, 20% sales prospecting, and only 50% doing actual graphic design work. If we assume an admin and a salesperson make less than a...
  3. CareCPA

    How to draw dividends before year end?

    Hey @MJ DeMarco , thanks for calling this to my attention. The rest of this post will be US-focused. Unfortunately, I do not have substantial Canada tax experience. You don't have to wait until year-end. If you are an S Corp, you can distribute at any time, as long as during the year you take...
  4. CareCPA

    scot messaged me and it was very enlightening

    LANDFILL 
    I always hope that what I say in a private message to someone will end up as a public post on the forum.
  5. CareCPA

    mj

    LANDFILL 
    Did you consider that maybe it's @MJ DeMarco sending it to the landfill?
  6. CareCPA

    Help with money system

    INVESTING 
    I personally don't even like the % of assets under management (AUM) model either. If it is in your best interest to pay off debt, do you think that adviser is going to tell you to take money out of your investment account to pay that off? No, because it reduces his AUM, and his fees. I'm a big...
  7. CareCPA

    Help with money system

    INVESTING 
    Some rambling thoughts (sorry, it's early). High interest and low risk don't really go together - if they did we would all be invested in it. Common wisdom from the early retirement community is that with a healthy stock/bond allocation (80/20), you can withdraw 4% a year, indexed for...
  8. CareCPA

    Trying to motivate a friend that is unwilling to see the light.

    HOT! MINDSET 
    I'd rather fill a need while looking for an opportunity to fill a bigger need. You need to get out of the mentality that manual labor is beneath you. Being an "internet entrepreneur" isn't just sitting at home clicking a couple buttons. I know people who have had online businesses for years...
  9. CareCPA

    Vanguard and the apocolypse

    LANDFILL 
    1. We're probably not as expensive as you think. 2. I wouldn't consider the fees I earn a "hand out" on what you earn. You should only be paying professionals who provide value to you. The same way people are paying you for your product because it provides value in their life, right?
  10. CareCPA

    Hold or Sell?? 100k profit on Duplex

    HOT! REAL ESTATE 
    I have not seen such a thing in my (admittedly limited) real estate ventures. Please let me know where I can get one. Non-recourse, preferably.
  11. CareCPA

    Business has come to a halt. No cash flowing and bills are overdue

    If you show up on time and put forth effort, it's almost impossible to get fired. (at least in the US, no idea where you are) Same with getting hired - show up on time for the interview, look professional, and you'll beat 90% of all applicants.
  12. CareCPA

    People or Processes: Which Comes First? (Facing Scaling Issues - Need Help)

    I agree you should do #1 first. If you don't have your processes created efficiently and documented, it makes managing others more challenging. How you can expect others to complete the work correctly if you haven't fully documented what "correctly" means? How do you set expectations for how...
  13. CareCPA

    Why do SO MANY startups fail?

    HOT! 
    Most people, whether they realize it or not, have a "voice" online (you can actually recognize it across forums based on speech patterns, even if they use different screen names). His was all over the place, but always sounded textbook. A quick Google search solves a lot. Sorry for the complete...
  14. CareCPA

    Why do SO MANY startups fail?

    HOT! 
    I come here for original information. If I wanted Quora answers from "experts" I would just go to Quora.
  15. CareCPA

    Why do SO MANY startups fail?

    HOT! 
    He doesn't know. It's just another Quora answer. https://www.quora.com/Why-do-so-many-startups-fail
  16. CareCPA

    NO ONE cares about your business

    HOT! EXECUTION 
    Same. Our house has sat with little progress for almost two months. They said it was scheduling issues - I found out it was cash flow issues (when I finally talked to the owner). If they had told me that at the beginning, I would have floated the cash for my own house build. Now? I won't...
  17. CareCPA

    NO ONE cares about your business

    HOT! EXECUTION 
    I think a key factor is finding people to work with that you can view as business "partners" (in quotes because I don't mean ownership-wise). I'll give you a personal example. For accounting, time to acquisition can be long. I may make contact with someone, and not reel them in as a client...
  18. CareCPA

    I'd say it really depends on what you want to do in life. I enjoy doing taxes and accounting...

    I'd say it really depends on what you want to do in life. I enjoy doing taxes and accounting, but many people find it boring. Feel free to send me a PM with specific questions.
    • CareCPA
    • Profile post comment
  19. CareCPA

    Progress / Introduction - 19 - Action Taken

    EXECUTION 
    CPA is handy to have, but will require experience to use. I believe all states are uniform now, that you need 150 credit hours of college courses, with so many in accounting. The easiest way to do this is probably to go right for your MBA/MACC. Once you have your credits, you need at least a...
  20. CareCPA

    [Giveaway] Keynote Template - The only Investor Pitch Deck you'll ever need

    Looks like you're just collecting emails for your product launch. Wouldn't this be better in the Marketplace?

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom