PT has been blogging about his money wins since 2007. His work has been featured in major publications such as the Huffington Post, US News, and many more. He's the proud founder of FinCon, a popular finance blogger conference and enjoys the freedom that comes with being an entrepreneur.
I run two businesses, PTmoney.com and FinCon.
I became inspired by reading online finance blogs since they showed me how to effectively manage my money. Dave Ramsey and David Bach also showed me great money strategies. All these factors, along with marrying my frugal wife eventually led me to create PTMoney.
First, consider hiring a CPA or a professional tax preparer to do your taxes. These people can guide you on making better choices to saving money for when you file your taxes. Second, start preparing for your taxes a few months in advance. This will give you enough time to do research and take advantage of specific tax deductions.
Finally, use tax season as motivation. The governent enforces specific actions such as saving for retirement. Use these actions to save more without being penalized.
Entrepreneurship and building things that bring a lot of value to as many people as possible. There’s only so much spending you can reduce in your life, right? Say you’re spending $2,000 a month right now on monthly expenses, well the most you could ever save is $2,000. Instead, focus on the income side of things and generate more revenue.
I would say a good personal finance book that resonated with was Ramit Sethi’s “I Will Teach You To Be Rich.” Then on the business side of things, Michael Gerber’s “E-Myth” was really a game changer for me. When you start a business, the next thing you’ve got to think about is how to scale up and this book did a great job teaching me this.
I would buy some lift tickets and some new boots for the ski slopes this winter.
Nothing beats the market. I’d tie all my investments to the market and invest in low-cost index funds.
Independence. Money is a tool that if you get right will set you up to live a liberating life with more choices.
Chris writes personal finance and productivity articles for software companies. He gets fresh ideas through continuously investing in himself and interviewing successful entrepreneurs.