9 Great tax deductions for income properties

tax deductions for income properties

9 Great tax deductions for income properties

Tax season is just about over for everyone and I was able to get a pretty nice return thanks to my tax deductions for income properties. You may know by now that I have two income properties. If not, go and read about my first one which became an income property by accident. When you’re done there you can check out my search for a purpose bought income property.  Go ahead! I’ll wait right here!

Why so many income properties?

Well besides the fact they can make you tons money in four different ways, any accountant (always helps to check with an accountant if you’re going this route, they can save you lots of money!) could tell you all about the tax deductions for income properties.  Read more

2016 Q1 Update – The worst increase yet

increase to my net worth

 

So a year has gone by since my first Q1 update and basically since I started this blog. So I’ll be looking back at the entire year to see how I did with my goals.  First a quick recap of the year.

I started this blog in the last few days of March in 2015. I started it with the intention of just getting a creative outlet in my life that I can share some thoughts and stuff on my trips and inspire people to start planning their financial futures a little better and earlier then most start to plan.  That idea turned into more of a focus on personal finance since my personal life took a big turn and I wasn’t in a good place to talk about it, even typing this now is difficult.
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3 quality assets to make you lots of money

Assets

3 Quality Assets to make you lots of money

If you read my article What is net worth and why should I know mine, then you may already be familiar with what assets are because knowing them are essential for determining your net worth.  Assets are simply defined as property owned by a person or company, regarded as having value. Popular forms of assets are houses, vehicles and investment accounts (ie RRSP, TFSA, 401k, etc). Less common assets would be jewelry, art, RVs or other vehicles and high end luxury goods.  We’re going to focus on the popular assets for this article. In particularly money making assets.

There’s essentially three main types assets to make you lots of money: Read more