No matter what

Happy #WisdomWednesday.

It takes a lot of strength not to hate, living humbly will teach you appreciation, thinking positive is something that will take years of practice, giving is definitely more fulfilling than receiving, forgiveness will cleanse you internally and praying for all helps you find the selflessness you need for personal growth.

Have you read The Four Agreements yet? If not, this is a perfect opportunity to read a great book. If you have not gotten it yet, here is a link to get your own copy from Amazon >>> https://amzn.to/2VqDUsX

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#WisdomWednesday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#TheFourAgreements

#DonMiguelRuiz

tax deadline extended

On this #TalkingTuesday, we have some big news:

Part 1

President Instructs IRS to Extend April 15 Tax Deadline Due to Coronavirus

President Donald Trump has instructed the Treasury Department and IRS to extend the April 15, 2020 deadline for filing federal income tax returns for those affected by Coronavirus. The change is only for this year (Story from: CPA Tax Advisor).

Part 2

Treasury Secretary Steven Mnuchin just announced that taxpayers are getting a three-month extension for paying their 2019 taxes. ... Filers who can't complete their taxes by April 15 can request an extension, which buys them an additional six months to submit their returns without facing a failure-to-file penalty. (Story from: The Motley Fool)

Those are the two hot headlines tonight and here is what I need you to know about this:

1st Make sure that if you are going to utilize this three month reprieve, you make sure that you file an extension by April 15th to cover yourself. Normally an extension is for the tax return only and your payment must be received by April 15th. However, this extension allows you to pay your taxes due by July 15th without being charged any penalties and interest also provided that you do not owe more than $1 million dollars.

2nd Just because the IRS has extended the time to file does not mean your individual state has. That being said, all states are different so you must confirm with your state if they too have extended the April 15th tax due date.

3rd If you do not owe money, file your taxes as soon as possible so that you can receive your refund. If you electronically file you will receive your refund within three weeks and if you paper file you can expect your refund in twice that time so electronically filing is quicker, preferred and more advantageous.

If you are receiving a refund, I have a book that you should read called Money Management If you cannot borrow it from your local library, here is a link to get your own copy from Amazon >>> https://amzn.to/2NdxTMp

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#TalkingTuesday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#MoneyManagement

#ScottWright

COVID-19

We interrupt this COVID-19 pandemic to bring you the following blog post on this #MammothMonday.

Everyone seems so worried about the cancellations and closures of everything around us. Well, I just wanted to break in and tell you about the things that are NOT cancelled. The first group of life things that are NOT called are faith, hope or charity. You have the ability to dig inside of you and find everything that you believe in. Reach inside of you and bring your faith forward. Then, hope for the outcome you want. Hope that this virus dies down sooner than later. Faith and hope together can do wonders for you mentally and emotionally. As for charity, when people hear this, they think that it is writing a check but that is not what I am talking about here. When I speak of charity, I mean, check on your neighbors, especially the elderly. That alone can take up plenty of your day. You do not have to go into their homes. Call them and if they need anything like a hot meal, cook it and leave it at their door. Faith, hope and charity are not cancelled.

What else is not cancelled? Going outdoors is NOT cancelled. Grab the kids and go for a walk. Everyday of quarantine is not going to be a bad weather day so when the sun is shining get outdoors. Breathe the fresh air. Get away from the electronics for an hour or two. Enjoy the sunshine.

How about music, reading, singing etc. Those things are not cancelled. These are basics that just about anyone can enjoy. All three involve distracting the mind and allowing you to drift into happiness and away from the stress of the terrible news that is in a 24 hour loop.

My final choices are the best choices which is why I saved them for last. Do you know what else is NOT cancelled? The answer is family and laughing. What an amazing time it is to come together and enjoy your family. You can even spend time video calling extended family knowing they too are home. You can talk but more importantly you can laugh and enjoy such a simple and immensely important part of life that we all take for granted.

One of my favorite sayings, Live, Love, Laugh. The simple things yet most important things in life are not cancelled. We as a generation have forgotten that. We have forgotten how to socialize. We have forgotten what is important in life. We have forgotten that working more rather than living life has changed us as humans. We have forgotten that we do not need everything we see in order to be happy. We are in the middle of a worldwide pandemic however, it may be just the thing that the world needs to reset if we can heed the message. May all the front line workers be protected by the hand of God as they unselfishly put themselves in harms way for the sake of our lives, may those that are lost Rest In Peace, may the sick heal as quickly as possible and may we, the remaining, learn to appreciate life again rather than things.

I hope this blog post did not come off as lessening such a serious issue. The pandemic is here. All you can do is heed the warnings but while you sit around waiting for it to pass, I want you to realize that if you opened your eyes this morning and every morning during this pandemic than you need to realize how blessed you are. I am going to suggest a reading to fill some of your home time and the book is called Living Gratitude. Here is a link to get a copy from Amazon >>> https://amzn.to/38xquS6

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#MammothMonday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#LivingGratitude

#MattOgrady

#Covid19

Market Mania

Thank you for returning on this Friday the 13th for a new week of #FundMeFriday. In case I have not said it lately, I appreciate all of you. Market Mania is a real thing these days but I am not talking about the run on toilet paper at the supermarket. I am talking about the super wild ride in the stock market that has people screaming to get off this sickening roller coaster ride. Before I get into the stock market and your money, I need to ask you my weekly question, have you funded yourself today? Please, if you have not done so yet, make that transfer. Do not let the hysteria of this pandemic stop you from focusing on your goals. When it comes to this pandemic, this too shall pass and when it does, please do not be one of those people who uses this situation as an excuse that will inevitably put you behind the eight ball. Stay focused.

Now, before I continue, I must do my legal due diligence and tell you that I am a Tax Accountant and a Business Consultant. I am not a stock broker and this blog is meant for information purposes. If you have questions regarding your personal finances, you should speak with your accountant, your attorney or your financial advisor. That being said, drama! This freaking stock market has given me heart palpitations. So what is one to do? I have two ideas that I am finding beneficial and hopefully financially rewarding.

First of all, if you have money invested in the market, it is my opinion that you should not even look at your portfolio right now and do not even entertain selling any holdings. The stock market horror ride is a temporary situation. In my opinion if you sell off now, you will lose big time. Right now, any losses are just paper loses so sit tight. History tells you that this will pass and as long as you hold steady, the pain will begin to ease as the market begins to recover.

My second thought is that this is a perfect time to buy. If you have money to buy some undervalued company right now, you stand to make some nice money. If you only have a small amount of money, I recommend opening up an account with a company like Robinhood. The account is free to open. They even give you a free share of some company. On their platform, your trading is free and you can buy as little as one share. If you want to buy yourself some shares of your favorite company and you do not know where to do it, here is my link to Robinhood >>> https://join.robinhood.com/lorid134 I use Robinhood and I recommend the site too so try it out and see for yourself.

I want to repeat myself by saying once again that this pandemic will pass. I am no different than any of you and I am constantly trying to get updated information however, I am continuing with my every day schedule, working hard and building my dream. The point is that you can either let fear rule you or you can rule the fear. Be strong and do not let your thoughts of doom and gloom derail your progress. As long as God allowed you to open your eyes today, you have a brand new day to succeed and kick ass.

Right now there is one person that pops into my mind that is a no nonsense, tell it like it is bad ass and he is Gary Vaynerchuk. I want you to read his book Crushing It and learn to be fearless while moving forward. I have recommended this book in the past but if you have not read it, please go borrow it from your library. If they do not have it, here is a link to get your own copy from Amazon>>> https://amzn.to/2OHJCFg

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#FundMeFriday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#CrushingIt

#GaryVaynerchuk

@garyvee

The Pandemic

I am calling it the pandemic because I am so stressed out that I have heard the words corona virus thousands of times already. On this #TrashItThursday, let us all breathe deep and throw out as many fears as we can.

My phone has not stopped all day with text messages and voicemails asking me questions about the proposed payroll tax changes as well as whether or not the April 15th tax filing date will be extended and a variety of other questions. As of today, from what I know, there has been no real conversation regarding payroll taxes, it was only proposed and there does not seem to be much bipartisan movement toward any such changes. As far as extending the time to file date, we are in the same situation as above, we are waiting for the “powers that be” to make these decisions. As soon as there is any word regarding your financial life, I will post whatever information that I obtain so, keep preparing to file your taxes on or before April 15th.

So here we all are, in an unprecedented worldwide pandemic. What I do know, is that most of us do not know enough medically to make any kind of contribution to eradicate this virus so it leaves you wondering if you can do anything. The answer to that question is yes. You can heed the warnings like washing your hands, like not touching your face and if possible, try and maintain social distances. If you are able to, self quarantine to keep yourself safe while this pandemic try’s to level out and die off.

If you are stuck at home, use the time to build and or grow your business. Knowing you are going to have this time can really boost the amount of work you can do to create that dream. You can also use the time to hang out with your kids or complete a home project. Whatever it is you do with your time, try not to let fear lead you. These are scary times especially when dealing with this unknown monster but being scared should not mean that you run and hide. Being scared should put you on guard so that you can maintain your wits and make smart decisions.

Make sure that you remind yourself that you are not alone. The world is dealing with the same problem. Stay focused and I recommend watching a reputable news outlet no more than an hour per day. That hour is to gather new information then move on. People who have the news on all day seem to get excessively stressed because the news will play all the horrible highlights in a loop and pound that information into your head over and over again.

Stay vigilant not vulnerable. Stay prepared not pondering. Make sure you have all necessary supplies for you and your family for at least a two week period but this does not mean buying out a warehouse. If you get sick, take care of yourself. Your body will be harder to heal if you run it into the ground. Most importantly, keep living your life.

Now, you know that I have a book to go along with this blog post. The book is called Prepare Your Family For Survival. If possible, borrow a copy from your local library and if that is not an option, here is a link to get your own copy at Amazon, and here is your link >>> https://amzn.to/38L5ZAd

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#TrashItThursday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#PrepareYourFamilyForSurvival

#LindaLoosli

The Roth Route

Welcome to another #WisdomWednesday blog post. Today’s blog will be about a great investment tool called the Roth IRA and the benefit that I love about it. Before I get into it, I would like to touch on two items that I feel need to be addressed. First of all, I want to make a few comments about my #MammothMonday post with the title Broken Hearted. I received many messages asking me about my well being which I greatly appreciated and I am humbled by. The stress and strain from that situation which unfortunately will be an ongoing issue for now has caused me to be unable to blog yesterday for #TalkingTuesday but that was one of the points of my blog on Monday, the point being that life will constantly come flying at you and you must be strong and ready and you must continue moving forward. Time stops for nobody and nobody should stop on their journeys path. I will continue moving forward and making sure that I continue to do me. Of course I do acknowledge and recognize that it is hard to continue when you feel weighed down but, as long as you do not give up and you keep busy, you should be able to continue even if you are temporarily moving at a snails pace. Just remember, it is much healthier to continue doing something on your path because wallowing could be dangerous for your mental and emotional being.

The next item that I would like to touch on is the Coronavirus. I would like to take this opportunity to use my platform to help spread some information. Continue to live your life without succumbing to fear. That being said, there is too much still unknown about this virus so heed the warnings to constantly wash your hands, try not to touch your face, try not to go to heavily crowded areas and just make sure that you watch reputable news in order to stay informed. The elderly and people with compromised immune systems are most at risk so if you are amongst this group, if possible, self quarantine for your own safety.

Now, I am going to jump to the Roth IRA. I will preface this by stating that I am a Tax Accountant and Business Consultant not a Financial Advisor so you should speak with your financial people to see what fits best for your life. That being said, I love the Roth IRA for one main reason. That reason is that this financial vehicle is obviously for retirement and when you begin to withdraw from this account, the money is drawn tax free. Why is this? It is tax free because when you made the deposits into your account, these Roth deposits are made after you have already paid taxes on those funds. To me, it is a no brainer. When anyone retires, money is a huge factor in determining how you will be able to live. Getting money without worrying about paying taxes on that money when you are no longer working is probably one of the best situations you can be in. The earlier you start saving, the greater the freedom you will have when you retire.

There are a few things that you need to know about the Roth IRA. First of all, in 2020, you can save $7000 in your Roth IRA account and $6000 if you are under the age of 50. The second thing you need to know is that in order to participate in a Roth IRA, your modified adjusted gross income must be below $124000 but if you are married and filing a joint tax return, that number jumps to $196000. If you meet these criteria, please consider opening a Roth as soon as you can.

I would like you to use this blog post in coordination with my #FundMeFriday post where I always remind you to make a deposit into a savings account and for your information, according to my research on Calculator.net, if you deposit $7000 per year (about $134 per week), for 25 years into your Roth account at an average interest rate of 6%, you will earn about 116% return on your money. You just gotta love those numbers so I hope you see how fantastic this type of account can be in your portfolio.

I have a really nice book to go along with this post. It is called Boss Mom. I think the title alone should tell you that there must be some really interesting sections in the book spotlighting strength through daily turmoil. If you have not read this book, try and get a copy from your local library. If that is not possible, here is a link to get your own copy from Amazon >>> https://amzn.to/32Eytcv

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#WisdomWednesday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#BossMom

#DanaMalstaff

Broken Hearted

UPDATE: This was my blog post for Monday March 9th, 2020 but for some reason, it did not post until today.

Well, it is #MammothMonday and I really had an internal meltdown trying to decide whether or not to post a blog today. Then I thought, if I do not post, I am letting down those people that I constantly tell to keep forging ahead. Therefore, for those of you already building your businesses with me or for those starting out, this blog post is meant to show you that real life will always get in the way of your journeys path and you must stay focused even when you feel that you are falling apart.

Although I only got about 40% of my work accomplished today, I am grateful that I was able to get that much done. I am so heartbroken today and I feel like I am falling apart. I am well aware that everything passes but while I am sitting in the depths of the fire, I am so sad. I have a person in my life battling addiction and after years of trying to help them, it has only gotten worse. I feel like a failure. I know that it is not my issue to solve but at the same time I am devastated not to be able to “fix” the problem. It is a 31 year relationship, most of my adult life, almost part of my actual identity and now it feels like I am being thrust into what could potentially be the rest of my life in mourning. Mourning for what was. Mourning for what could have been. Mourning for what is now.

I can not describe the difference between the immense pain that I am feeling having to be the one to finalize all the loose ends and immense sadness at the loss. The loss of time wasted. The loss of lost youth never to be regained. The loss of trust. The loss of a special love. The sadness of broken memories and a lifetime of torturous what ifs.

One of the woven in hard elements is having all the people that love you constantly asking you what is going on. They constantly ask if they can help. They all mean well and they all love me but……………and it is a huge but, you have to force those smiles. You have to assure them that you are fine. Then I patiently wait until my sons eyes close for the night so that I can watch television to try and help me not to cry. This too shall pass but while it is here it is stopping me from breathing. While it is here I feel the burning pain in my heart.

I sat today and stared at my pile of work and I thought to myself, thank God I work for myself. Thank God I do not answer to anyone and thank God I was able to get a good portion done which thankfully occupied my mind. While I worked, I felt the pain knocking and I did what I could to keep it at bay. At one point I realized that I was mourning not what I lost but I was mourning the dream of what was supposed to be. Again, I realized the immense pain was not from what was lost but instead, the pain was from the dream of what was supposed to be and just then, another cathartic stream of tears had arrived. I have to just breathe while I wait for the reprieve of the agonizing monster tearing my insides apart.

Todays blog post is a lesson in real life. The lesson is that regardless of what life throws at you, you have to face the hand your are dealt until the deck gets reshuffled. The saying, this too shall pass, is appropriate in every aspect of life so keep forging ahead regardless and stay focused.

I have a fitting read for today’s blog post called, The Book of Joy. It is a book I have recommended in the past and it is perfect for today because even when all is out of whack, there is always looking toward joy to bring you back to peace. If you do not have your own copy, here is a link to get your own copy from Amazon >>> https://amzn.to/2sJZjDx

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#MammothMonday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#TheBookOfJoy

#DalaiLama

#DesmondTutu

10%

Happy #FundMeFriday. All I want to ask you right now, is did you pay yourself today before doing any frivolous spending?

It is tax season and I have been working myself to exhaustion so I do not have a topic picked out for today but I needed to come on here to remind you all to make some type of deposit into your savings account. 20% would be amazing, 10% is the goal but if you only have $5, make that $5 deposit. It will all add up as long as you consistently make those deposits.

I have a nice book to compliment your saving today. The book is called Money Honey and here is a link to get a copy from Amazon >>> https://amzn.to/38vAqtO

If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!

Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting.  You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe

#FundMeFriday

#LorisLoop

#TheMainHustle

#Entrepreneur

#Goals

#MoneyHoney

#RachelRichards