This article in MarketWatch from the Wall Street Journal by Quentin Fottrell goes into many reasons why we here in the U.S. do not take all the paid vacation we are entitled to. Click the link below: http://www.marketwatch.com/story/americans-only-take-half-of-their-paid-vacation-2014-04-03 Something the article doesn’t discuss but (after talking to a lot of my clients) may also be an issue – a lot of employers allow their employees to take unused vacation in cash at the end of the year. With people still struggling to make ends meet, I think a lot of people would take the money and give up the time off. No proof, but just a thought. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a Burbank CPA: Warren Buffett’s 5 key investing don’ts
Here are five tips on how not to invest from possibly the most successful investor of all time. See this post from CNBC by Alex Crippen (carried in Yahoo Finance) for more details: http://finance.yahoo.com/news/warren-buffetts-5-key-investing-165228606.html Now you know exactly what not to do. Now for one more Buffett tidbit on what not to do: His two rules of successful investing: “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” Ok, “to market, to market.” For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a CPA: What is the Rule of 72?
Well, you have an investment strategy that will earn a certain amount. How long do you have to use this strategy to double your money? You can either use software like TValue or a scientific calculator to come up with the exact amount of years, or you can use ‘The Rule of 72!’ So now you ask, what is ‘The Rule of 72?’ (Glad that you asked.) It is an easy and approximate calculator someone can quickly use to either figure out how long it will take to double your money earning a fixed percentage annually or how much you have to earn to double your money in a certain time (?????) Okay, you have $100,000 that you figure you can get a nine percent return on. Divide 72 by 9 and you get 8. It will take you eight years earning 9% to double your money. It is easy to use because 72 has a lot of whole number divisors (36, 18, 12, 9, 8, 6, 4, 2) so as a quick way to mentally come up with a time frame to double, it works very well. It is not exact (using a scientific calculator or software you would come [...]