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Posted by: Charles P Myrick CPA Posted on: Dec 02 2021

Build Assets From Income With Smart Tax Strategies

The true key to building wealth lies in building assets. And the first step toward building assets is to get serious about tax planning. Regardless of how much money you make, you can start converting your income into assets using smart tax strategies.

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Posted by: Charles P Myrick CPA Posted on: May 20 2021

Cash Flow, Tax Planning, Asset Building: A Wealth-building Trifecta

It doesn’t have to be overwhelming for small business owners and the self-employed with side gigs to manage their wealth-building. It takes putting three simple concepts to work with corresponding plans of action to ensure you have what you need for retirement and other personal financial goals.

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Posted by: Charles P Myrick CPA Posted on: Apr 22 2021

Breathe Deep, Exhale, and Bust These Money Management Myths

Many well-intentioned people think they are following sound financial advice when in reality, they’ve bought into some dangerous money management myths. This can lead to real financial trouble. If this sounds eerily familiar, then keep calm and read on. Here are some of the most common myths.

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Posted by: Charles P Myrick CPA Posted on: Apr 01 2021

Debt-Free | Fantasy or Strategy?

Debt has become more the rule than the exception in the financial lives of most Americans. The best financial advice anyone can offer, however, is to free yourself from a seemingly endless cycle of debt accumulation and repayment. Debt can hinder other financial goals and get in the way of investing in your future.

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Posted by: Charles P Myrick CPA Posted on: Mar 25 2021

How to Set Financial Goals 1, 5, 10, and 20+ Years Out

An essential part of financial planning begins with ascertaining your resources, debt, and dreams for life, which is the basis for financial goal setting. The best advice for setting long-range financial goals is to start early to have the most time to achieve them. But what about short and mid-range goals?

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Posted by: Charles P Myrick CPA Posted on: Mar 18 2021

Spend, Save, Invest, Give - What You Do with Your Money

Even though we don’t like to talk about it, our finances and money management habits are a primary way to ensure economic security - or the lack of it - for ourselves, our families,  and retirement. Let’s look at the time-honored practices of good money management and how to use them effectively to create a bright and comfortable financial future.

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Posted by: Charles P Myrick CPA Posted on: Mar 04 2021

From Smart Tax Planning to Wealth Building

Ben Franklin said, “A penny saved is a penny earned.” Translated: use smart tax planning to help build wealth. In even more straightforward terms, the more you control and limit the amount of taxes you pay, the more resources you’ll have in the future for your life and your family’s. Keeping what you earn to the best of your ability will help you save income, grow investments and ultimately build wealth.

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Posted by: Charles P Myrick CPA Posted on: Mar 05 2019

Why Real Estate Is A Reliable Way for Building Wealth

The clients that I see who are investing in real estate - landlords, property owners, and investors - are building future wealth with assets. Your real estate is a business for tax purposes and may allow you to take advantage of a lot of the tax deductions available to businesses. Investing in real estate is a solid way to build wealth as long as you have a clear business plan and an efficient tax strategy. 

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