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  1. CareCPA

    Pitching To My Own Dad About His Business

    Seems a little harsh, but I agree with the general sentiment. Get some cash (part time job, flipping items, whatever it takes), and put the cash towards showing your dad what is possible.
  2. CareCPA

    Deaf and Daft, getting my first sale

    EXECUTION 
    Gotcha. Just playing devil's advocate here. We often continue doing things the way we have been, without analyzing the necessity of them.
  3. CareCPA

    Deaf and Daft, getting my first sale

    EXECUTION 
    Is it undeniably more important? Do you really need an accountant if you aren't bringing in revenue? Speaking as an accountant, there is very little I can do for you if you aren't bringing in any revenue (I'm obviously not your accountant, so I am using "you" in the generic sense here).
  4. CareCPA

    how millionaires live there (their) lifestyle

    HOT! MINDSET 
    That's too many. I thought he was going to shorten his posts?
  5. CareCPA

    how millionaires live there (their) lifestyle

    HOT! MINDSET 
    Why ask about millionaires? If you're going to be printing money, might as well ask the billionaires right away and save a step.
  6. CareCPA

    Hold or Sell?? 100k profit on Duplex

    HOT! REAL ESTATE 
    If you wanted to reinvest right away, you could take the section 121 exclusion on your part of the duplex (the tax-free gain), and if you were subject to gain on the other part, you could 1031 it into a 4-plex. There is a pretty restrictive time constraint on the 1031, but it does open up...
  7. CareCPA

    Hold or Sell?? 100k profit on Duplex

    HOT! REAL ESTATE 
    Are you US-based? If so, you should verify your assumption that the gain will be tax free. If it's a duplex, then the gain on your primary residence will be tax-free (given the numbers you've presented). However, that exemption does not carry over to the second unit, which you've also...
  8. CareCPA

    New Construction Loan - Financing Process

    +1. My anecdote is that I'm building a house right now, and everything is taking longer than I think it should, but my financing did not take as long as yours. Who knows if our builders, lenders, and general financial situations are even close to each other? Check biggerpockets - real estate is...
  9. CareCPA

    Have someone on the forum successfully "escaped" uncle sam ?

    Agree with most of what @MJ DeMarco said (taxes actually can be avoided - or at least substantially deferred - depending on how far you're willing to go). To me, the fact that I'm paying taxes means I'm making money. And while I may not agree with everything our government does, I at least give...
  10. CareCPA

    Immediate annuities for lifelong payments

    INVESTING 
    I personally dislike whole life insurance policies as well. I think they are way too expensive and grow too slowly to be beneficial to the average person. When you're rich and looking to shield money from income and inheritance tax, then look into it. Otherwise, look into term, because as your...
  11. CareCPA

    Immediate annuities for lifelong payments

    INVESTING 
    I very much dislike them. Even if it gave you a good rate of return, and was indexed for inflation, and wasn't full of crazy fees, what happens if you have an emergency and need access to more than your monthly allowance?
  12. CareCPA

    What are some resources to learn about money /finance ?

    Well there are: saving accounts, CDs, bonds (corporate and municipal). This should cover the basics. Once you get through that, there are more sophisticated investments, that you probably shouldn't be messing around with if you're just starting. Things like options, margin trading, leveraged...
  13. CareCPA

    What are some resources to learn about money /finance ?

    The resources listed above I believe will get you started (full disclosure, I haven't gone through all of them completely). Khan Academy is definitely a good resource for the basics. Just a note of clarification for you: 1. ETFs, Mutual Funds, and Stocks are investments. 2. IRAs, 401ks, and...
  14. CareCPA

    Should I dumb down my content for people like @vigilante and @imgal?

    HOT! MARKETING 
    I like my info concise, unless I already know I want to learn everything about it. I always warn the people I work with that if their email is more than a paragraph I won't read it - they need to get to the point faster. That being said, I may not be your ideal target.
  15. CareCPA

    What are some resources to learn about money /finance ?

    Are there specifics of what you're looking for? I'd be happy to throw something together for you if you give some more details as to what you want to understand.
  16. CareCPA

    Geographic website blocking

    MARKETING 
    Interesting, thanks for the info. I know it sounds super shady, but I'm just trying to reduce my chances of accidentally violating a noncompete until the time limit runs out.
  17. CareCPA

    Geographic website blocking

    MARKETING 
    Reading through all of the advertising threads, I see one can pick and choose where ads are run based on geographical boundaries. Is there a way to do this for websites as well? If there are certain areas in the US where I don't want my website to show up at all, can I block it?
  18. CareCPA

    Getting Rid of Cold Calling Anxiety Using Brute Force

    GOLD! 
    I followed this thread from the sidelines. I just wanted to say how inspiring it was to see you actually achieve your goal of cold calling 1,000 people, especially to sell a product you didn't have and weren't an expert in. This should prove that no one has an excuse not to pick up the phone and...
  19. CareCPA

    Deaf and Daft, getting my first sale

    EXECUTION 
    Good luck and keep pushing through. We don't become experts in an area without going through a lot of crap first. If it were easy, everyone would do it. You're still years ahead of some of the others on here who haven't even tried to make a sale.
  20. CareCPA

    Fear and Action-Faking in Entrepreneurship-- a 19 year old's guide to askholing.

    NOTABLE! 
    If you've read any of the Gold posts in this forum, you should know you're not going to win this pissing match. $300 ad spend in two months is nothing. I have clients that spend twice that in a day, just in one channel. Same way $30k a month is a drop in the bucket to some of the heavyweights in...

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