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Are You Dreaming to Start a Business?
Entrepreneurs, now is the time to seize the opportunity and kickstart your business dreams! One compelling reason lies in the tax deductions available for startup costs. From market research to legal fees and professional services, the IRS permits entrepreneurs to deduct up to $5,000 in startup expenses in the first year of business, with the…
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5 Biblical Financial Principles
To all the Christians seeking wisdom on managing finances according to Biblical principles, here are five key teachings from the Bible regarding money: 1. **Stewardship**: At the core of Biblical financial principles is the concept of stewardship. Psalm 24:1 reminds us that “The earth is the Lord’s, and everything in it.” As stewards, we are…
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Could Your LLC Save Thousands In Taxes?
Are you leaving money on the table? Discover how an LLC’s S-Corp election can slash your taxes! Electing S-Corporation status for your LLC can lead to significant tax advantages, especially when considering a $100,000 profit. In a standard LLC setup, the entire profit is subject to self-employment tax and income tax. However, with an S-Corp…
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Day One of One Day
Too often, we find ourselves caught in the cycle of “one day.” We say to ourselves, “One day, I’ll start that business,” or “One day, I’ll invest in that property,” or “One day, I’ll pursue that side hustle.” But the truth is, “one day” never comes unless we make today, day one. As Christian fathers,…
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What is Better than Gold?
What is better than Gold?
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Maximize IRA / 401K Contributions
It’s tax season…meaning it’s a good time to understand your financial situation, and that includes your retirement account. Maximizing your IRA or 401K contributions might initially appear counterintuitive—after all, it means diverting funds from your immediate savings. However, the long-term benefits far outweigh the short-term sacrifice. By contributing to your retirement accounts, you’re essentially investing…
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What’s Going On?
In times of economic uncertainty, it’s natural to feel concerned or even anxious about the future. The year 2024 has presented many with the looming question of whether we will experience a soft economic landing or not. As we navigate through economic uncertainties, we can take comfort in knowing that our trust in God supersedes…
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Are Irregular Expenses Busting Your Budget?
Dishwasher goes kaput, tires are going bald, or accidentally spill coffee on your laptop? These unfortunate expenses are not regular, but they do happen, and sometimes they are “expensive,” which can break your budget. Are irregular expenses busting your budget? It is easy to carefully budget for your regular expenses like groceries, gas, and electricity…
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1 Month In
As we find ourselves one month into 2024, it’s a great time to re-evaluate our goals, including our financial aspirations. We all start the new year with great enthusiasm and excitement, but as February rolls in, it’s important to remember that this month can be a critical indicator of our ability to continue pursuing our…
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To Whom Does It Belong?
1 Chronicles 29:12-14: Wealth and honor come from You; You are the ruler of all things. In Your hands are strength and power to exalt and give strength to all. Now, our God, we give You thanks, and praise Your glorious name. But who am I, and who are my people, that we should be…
Faith, Finance & Fatherhood 