It’s Good to Be Back!

It’s been a LONG time, but I’m finally back!

Did you all miss me šŸ˜‰ ?

I have had many life changes over the past few years, which I will share with you in the weeks to come. Naturally, all of those changes impacted my personal finances in either a positive or negative way, and I’ve been taking my notes and figuring out a blueprint for how to handle money better. Whether you feel like you’re no good with money, or you feel like a money pro, I think the information I’ll be sharing will benefit you tremendously.

In addition, I’ve been watching the financial scene both up close and from a distance (through my work as an enrolled agent and my current position as a financial analyst). Please note that all of the information presented on this blog is my own and strictly opinion, though I’ll always offer source material and references whenever possible. These posts do not constitute a financial advisory relationship, though if you’re interested in my services, you can contact me and we can discuss whether we should work together.

Of course, if you have additional tips or ideas that can help make this blog even better, I’d love for you to share them with me and all of the other readers of this blog.

Welcome to 2021, and let’s make our money stories AMAZING! I’ll talk to you all soon!

This Week in Tax & Finance

Here’s a quick rundown of the most interesting tax and finance articles I’ve read this week:

Special taxes for soda? Well, Mexico implemented a 10% soda tax, which meant that any sugary, carbonated beverages costs consumers more than the price of a bottled water. According to the article posted by Wired, the US could learn something from how the Mexican soda tax was implemented. Berkeley, California already has a version of this tax, but, without nationwide uniformity, the effects of a soda tax are limited. The researchers remain hopeful about the US implementing something similar, but I remain a skeptic. I know how Americans, in general, feel about any tax. They also believe it is their right to guzzle toxic products, so long as said toxic product tastes good.

The takeaway? A soda tax is highly unlikely in the US, where personal freedom reigns over collective wellbeing.

**********

Kids areĀ benefiting from “drugs” (marijuana sales) in Colorado. The Cannabist reports that the 2015 excise taxes collected on marijuana sales totals $3.5 million so far, with numbers expected to increase over the upcoming months. The funds are being used for school construction. There is some additional proposed legislation that will help facilitate the continued use of the excise taxes for school, but it’s very likely that the proposition will pass.

The takeaway? SinceĀ marijuana purchases in Colorado mean school funding, purchasing cannabis is now a civic duty.

**********

Do you find that, at the end of the month, you always end up with more month than money? Well, that seems to be a national epidemic, as the federal government managed to overspend its tax revenue by $313 billion dollars. According to CNS News, the feds collected nearly $2.5 trillion dollars in tax revenue over the past 9 months, and still managed to overspend. The largest tax collected came from individual income taxes, followed by payroll (Social Security and Medicare) taxes, then corporate taxes. Despite so many tax streams, the government still spends too much. Let’s hope that this fiscal mismanagement gets under control.

The takeaway? Bouncing checks is a national trait, and it’s detrimental on any level.

**********

Thatā€™s all for this week. Look out for another post this week!