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Posted by: Charles P Myrick CPA Posted on: Jul 02 2019

How to Use Tax Planning for Wealth Building

I tell all my tax preparation clients that the true key to building wealth lies in building assets. A savings account in a bank is not the answer. Bank accounts have low interest rates, so you will barely make any money. However, a solid investment strategy and smart tax planning will allow your money to work for you.

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Posted by: Charles P Myrick CPA Posted on: Nov 28 2018

How to Build Assets From Income With Tax Strategies

The true key to building wealth lies in building assets. Regardless of how much money you make, you can start converting your income into assets using tax strategies. The system is set up to go after income instead of wealth. The tax code offers incentives for asset building and your tax professional can advise you on the tax efficient strategies available. 

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Posted by: Charles P Myrick CPA Posted on: May 15 2018

From Tax Preparation to Financial Planning

The true key to building wealth lies in building assets. Regardless of how much money you make, you can build wealth over time through assets. Think about how much of your life involves bills, taxes, purchases, contracts, etc. When it comes to financial planning, your tax professional is in a unique position to give you advice on asset building strategies. Why not take advantage of the time you spent preparing for your tax filing and reconnect with your CPA to develop a financial plan for building wealth. 

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Posted by: Charles P Myrick CPA Posted on: Mar 20 2018

What Do Taxes Have to Do With Wealth?

The true key to building wealth lies in building assets. Regardless of how much money you make, you can build wealth over time through assets. Some people think that putting money in a savings account is a good as making an investment. However, it is impossible to build wealth if you just have money in a bank account. Bank accounts have low interest rates, so you will barely make any money. On the other hand, your money works for you when you invest it. 

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Posted by: Charles P Myrick CPA Posted on: Jun 20 2017

How to Prepare Yourself to Be a Successful Investor

Are you a newbie to investing? If you want to become a successful investor, the best time to educate yourself about the markets is right now, before you get started. The truth is that you aren't going to get rich overnight through investing. Experienced investors know that it takes time and patience to build wealth. Financial advisors frequently suggest that learning first is exactly the right thing to do. 

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