Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

4/21/2009

Ignore What You Cannot Change

People love to spend time complaining about things which they cannot change. It is one of the easiest ways to sabotage your success. There are certain things which we can affect in our lives. However, wasting energy on things which cannot be changed is a waste of time and effort.

There are those who love to complain. They will bitch about anything and everything. This creates for a miserable existence. It also sucks us into a rut which is extremely difficult to exit. You need to be mindful of this when you are approaching this zone.

What are some of the things that people commonly complain about which they cannot alter in the slightest. The list is endless. Nevertheless, some examples are taxes, the speed which time elapses, others opinions, the weather, and your height. No matter how much effort you put into talking about these topics, you will not change them at all. You are powerless over each of those situations.

Power comes in exerting efforts into things that you can meaningfully impact while ignoring the rest. Instead of complaining about the weather, grab an umbrella and go about your business. You are the height that you are so accept it and move on. Taxes are a part of life. Learn how to best minimize their impact on you through better tax strategy. All these things will not change even if you talked about them for years on end. They are out of your control.

Perhaps the biggest hindrance to your success is your focusing on the past. This is something that people consistently dwell upon. Well, guess what? There is not a single thing that you can do about it other than learn the lessons presented. Until we develop time travel, all that occurred in the past remains there. The problem with focusing in this area is that you miss the present moments, the time when you can truly exert some influence.

So, in closing, break the habit of focusing on those things that you have absolutely no control over. It is an incredible time waster while only creating frustration. Regain your power by not being a victim to those situation which you are powerless over. Ignore them while concentrating in a different area. Your life will be better served.
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10/23/2008

People Are Going To Lose Their Jobs

There is a sad series of events that are going to occur which will make it more difficult for individuals affected. To begin with, unemployment is going to go up over the next year. This is an unavoidable situation since we are in a recession. During times of economic downturn, companies are forced to lay off workers.

The second event that is going to hurt people is the impending tax increase on businesses from the government. It now appears that Obama is going to win the election (if the polls are correct) and the leader in Congress are itching to hit business with a tax increase. This is their agenda.

I was talking the other day with a business owner who told me that a 5% increase in the corporate tax rate will force him to lay of 3 employees. It is curious to think that the people who will be forced to lose their jobs most likely will have voted for the man who promised to raise the corporate tax rate.

This gentleman's company is in an industry that is having it's margins squeezed. There is a simple lesson that many fail to consider when taxing corporations. They respond in two ways: either pass the tax on in a price increase or cut expenses. If the margins in a particular industry are tight, the former is not possible. Thus, people are let go.

Many think this is "mean-spirited". They point out that businesses always let people go to save money. That is because it is a move that realizes instant savings. Closing locations will save on electric but the company is still responsible for the rent until the lease expires. Cut personnel and you will realize a savings the next pay period.

It is time that we got realistic about what is going on. The media is leading us down a road where surprises occur. Everyone was shocked at the financial crisis as a result of the mortgage meltdown. How come the American people were not forewarned? We were living in a dream world.

Prepare yourself for things to get worse. Do whatever you can to increase your abilities so you are not one of those chosen. The owner I mentioned might lay off 3 people (he employs 135). If I worked there, I would do all I could to ensure that I was at least 4th from the bottom.
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