Fortune Financial Group, Inc.

https://youtu.be/mRPFN-SX62A

How is Your Money Protected From a Bank Failure? What happens to your money if the place you keep it has big financial issues?SVB failed others will follow. How may this impact you?brad@fortunefinancialgrou...

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7 Things You Need to Do to Prepare for Your Self-Employed Taxes

1.Get organized
make a place for all of your tax documents to go.

2. Finish your bookkeeping
whip your books into shape

3. Review your numbers
If you haven’t noticed, the IRS likes truth-telling and accuracy. So you want to be absolutely sure that your numbers and categorizations are correct.

4. Log business mileage
Taking advantage of the mileage deduction is super easy. Just make a mileage log for the year and write down all your business drives.

5. Record home office expenses
To determine the deductible percentage, divide your home’s total square footage by the square footage of your home office. That’s the percentage of your home that you use for business, and the percentage of your household expenses you can deduct.

6. Calculate home internet and cell phone deduction
Here’s the cool thing about writing off your cell phone and home internet: this deduction operates independently from the home office deduction. You don’t need to have a qualifying home office to write either of them off. And you don’t have to write off the same percentage as your home office.

7. Prepare your documents for your tax person
The easiest way to do this is to save everything to the digital tax file that you made in step one. Then, you can just email the whole folder to your tax person.

Here are 5 Personal Finance Tips from a Certified Financial Planner®
1. Budget before you spend 💵
2. Track your expenses 📊
3. Move your credit card balance 💳
4. Realize that value is different from price 💲
5. Save, even if just a little 💰

For more inspiration on Financial Management, read more blog posts from Brad Rosley, CFP®

Financial Management Archives Achieving Financial Independence, Counting Your Pennies, Financial Management, Investments, Virtual Financial Planner Are Your Mutual Funds Worth the Expense? One recent analysis saved a widow about $24,000 per year in hidden mutual funds fees that were delivering below par results. That was the res...

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. The meaning of financial literacy is the foundation of your relationship with money, and it is a lifelong journey of learning.

The earlier you start, the better off you will be because education is the key to success when it comes to money.