How To File a Tax Extension

Tomorrow is the official Tax Day of the United States of America.  It is the last day to file your taxes, unless you have requested an extension.  Why would someone need to file an extension?  Perhaps they have not had time to do their taxes or get with a professional.  Maybe they have a complicated tax situation and need more time to get everything together to do a proper filing.  Procrastination is also a big reason for many needing an extension.  Whatever the reason, there is a proper way to file that tax extension.  Approximately 8% of all tax filers file an extension in a given year.  This amount is roughly 14 million Americans. Image result for tax day

What does filing a tax extension get you? By filing a tax extension, you receive an additional 6 months to file your taxes, meaning your new tax deadline would be October 18, 2017.  Filing an extension ultimately equates to more time for one to get his or her taxes in order.

How to file a tax extension:

Online: You can file a tax extension online by either accessing the IRS e-file from a computer or through a tax professional or tax software that uses the e-file program.  You will complete an online version of form 4868 which is the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return.  The form can be found HERE.  Filing your extension using the IRS e-file software is safe and secure.  Once you have completed the filing you will receive an electronic confirmation.  You will also be required to estimate your tax liability when you fill out the form.  The form will also allow you to pay a portion of your tax amount if you choose to do so.  Payments can be made online via a direct transfer from your bank, a check or money order.

Paper Form: In addition to filing your extension online, you also have the option to fill out a paper version of form 4868 and mail it in to the IRS.  Paper forms must be mailed to specified mailing addresses depending on which state you are filing from.  When you file your paper form, you also have the option to add a payment if you would like.

Filing an extension would never be ideal in most scenarios.  After all, the majority of Americans do pay too much in taxes throughout the year and most end up receiving a refund.  In 2016, according to the IRS the average refund issued was just over $3,000.  The earlier you file your taxes the earlier you can receive your refund if you are entitled to one.  Maybe you wait to the very last day to file your taxes.  If so, once you get them filed go celebrate and take advantage of the following Tax Day freebies that some stores are offering.

How to Get Started with the Stock Market

Investing in the stock market has now become easy and affordable to everyone because of technology, today the stock market can be accessed directly from your mobile, tablet or any other device that supports the necessary App.

Most of the stock market operators have digitized their services, so are available online and can be accessed anywhere at any time. An individual planning to start trading online only needs to choose the company of preference and the platforms offered to starting trading immediately. The registration process is quick, done online and the monetary amount required to start isn’t too high.

For starters, investing in stock market can appear like a daunting experience. But in real the sense, with the dismal returns from building societies and banks, investing in stock market provides a golden opportunity to make greater returns. Investing in the stock market is an attractive financial investment as it has been made much more accessible compared to the traditional hold and buy investing.

The stock market can be accessed either directly or indirectly. Investing in the stock market directly means acquiring shares in the single company and thereby becoming a shareholder. Investing indirectly, on the other hand, means investing through a third party investment broker. There is a wide range of broker services currently being offered in the stock markets. Some of the services offered include tailored advice and bespoke services such as Redmayne Bentley, Charles Stanley, and Killik &Co. These are online based platforms where customers can buy and sell their shares independently via a share operating account without the advice of the third party.

For starters who desire to be more involved and experiment with their individual shares, it is important to open an online, performance only share operating account. This account keeps the cost of investing at a minimum level that is good for a beginner. Live markets have many advantages contrasted with the conventional buy and hold stock markets. The old framework required a large amount of money for one to realize great benefits and they are constantly overwhelmed by compelling speculators. This has made it difficult for new traders to wander in and begin trading. Live markets don’t require an immense measure of cash to begin trading. With a couple of Euros, one can put his money in the stock market and start trading. Determined traders can develop their little money contributed and turn out to be huge brokers inside no time. The key to internet trading is first to study, inquire about and figure out how the live market functions and works. It is likewise basic to be updated day by day on worldwide occasions that may influence money markets. It makes a broker savvier about where to invest and when to pull back their speculations.

Trading on live markets does not mean one needs to stop his or her occupation. Web-based trading is very easy and affordable because of the technology advancement. It requires just a couple of hours if not minutes to get on the web and place investment where one sees there is potential .The creation of cell phones and tablets and the high web availability around the world has made this exercise exceptionally conceivable. Built up organizations, for example, CMC markets additionally offers new traders with advice, patterns, and rules that make trading simple. New traders can begin investing in the stock market on their own or seek advice from established stock brokers.

Trading additionally has its ups and downs as there the individuals who make benefits while others make misfortunes. However, the secret is to be patient and learn how the market works and being regularly updated on daily events that can affect the stock market.

However, new traders are supposed to research about the companies they want to invest in before joining the stock market. It is also imperative to consider the types of platforms the company offers compared to other companies in the market. Companies with mobile phone platforms are the best option for new traders as they can access the stock market frequently and learn how it operates on daily basis.

Danny Willett’s Net Worth

Danny Willet's Net Worth

The 2017 Masters golf tournament has now come to a close, but we will take a ride back to Augusta with the 2016 winner, Danny Willett.  Willett is a professional golfer who hails from England.  He turned professional back in 2008 at the age of twenty after finishing his college golf career at Jacksonville State University.  While he has been a big name on the European Tour for many years now, he was unrecognizable to many Americans until his 2016 Masters victory.

At 29 years old, Willett has had quite a successful professional golf career thus far.  Danny Willett’s net worth has increased throughout his playing career.  He holds a total of five professional wins, four of which occurred on the European Tour along with last year’s Masters.  His breakthrough came back in 2012 when he won the BMW International Open in a playoff against Marcus Fraser.  That victory netted Willett over €300,000 or approximately $350,000.  Of his remaining victories, two came in the 2015 golf season and then another 2 last year, in 2016.  His Masters victory of 2016 was by far his most lucrative.  He received $1.8 million for his Augusta victory along with a green jacket, an ever living symbol of the tournament.

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Danny Willett Masters Champion

Willett is currently in his 10th season on the European tour, while just having played on the PGA Tour for eight seasons.  The official prize money he has been awarded on the European Tour during his ten seasons totals €12,267,975 which converts to approximately $13 million.  If you add his PGA Tour totals to that amount, $2,713,938, he has a total career earnings of $15.7 million during his professional golf career.  Like many professional athletes, on the field/court/course earnings play only a small part into an individual’s net worth and the same could be said for the net worth of Danny Willett.  After his 2016 Masters victory, sponsors came knocking at his door.  In fact, he gained nearly 50k Twitter followers as a result of his win in Augusta.  We estimate Danny Willett’s net worth to currently sit at €7.5 million which converted equals $8 million.  As he further progresses in his career, we expect his net worth to continue to rise.  This will be fueled mostly by future career earnings on the PGA and European Tours along with further involvement in a variety of sponsorships that most golfers are able to carry.  Although he wasn’t able to capture the green jacket in 2017, if he can win in 2018 or in the future he will join an exclusive club of players with multiple green jackets.  There are currently only 17 players in that exclusive club, but a win next year will make him number 18.

Willett currently resides in Rotherham, Yorkshire with his wife and son.  His son was born just before his 2016 Masters victory.  He currently ranks 17th in the Official World Golf Ranking.

Interested in knowing your net worth?  Click the link below and download:

MY NET WORTH

Retailers That Accept Bitcoin

Retailers That Accept Bitcoin
Retailers That Accept Bitcoin

A couple years ago I found a $20 bill in the parking lot outside a movie theater.  Nobody was around so I decided to keep the money.  “Finders Keepers” they say.  Cash has become incredibly more difficult to keep up with in the present day of credit and debit cards.  Fact is credit and debit card transactions have increased dramatically over the past five years.  In fact, you can now store your cards on your phone.  You don’t ever have to reach into your wallet to pull it out in some cities.  With these recent technological advances in payment methods, we have bitcoin.

Bitcoin has become widely more popular in recent years due to mainstream coverage and wider acceptance of the currency.  A few years ago, there weren’t any retailers that accepted bitcoin; however, it has become much more mainstream and today there are many retailers that accept bitcoin.  Bitcoin hasn’t come without it’s challenges though.  There have been many hurdles the currency had to overcome.  A lack of ability to regulate payments and their origins has scared off many governments to making bitcoin part of their monetary policy.  In fact, the Securities and Exchange Commission (SEC) rejected Cameron and Tyler Winklevoss’ bitcoin ETF they were trying to introduce.

Despite the hurdles that still exist for bitcoin in the future, it has come a long way in development over the past few years and leading the charge is retailers that accept bitcoin.  Many bitcoin believers think that wider use and acceptance of bitcoin will lead to a great future for the block-chain currency.

Biggest Retailers that accept bitcoin:

Overstock.com– Online retailer with deals on everything for your home and your family

DISH Network– American direct-broadcast satellite service provider

Expedia– Online travel retailer

WordPress.com– Website creation tool

1-800-Flowers– Floral gift retailer

Zynga– Mobile gaming company

The company that sticks out to me is Overstock.com because they were the first major retailer that began accepting bitcoin payments on their site.  In fact, back in 2014 when they began accepting the currency sales were averaging around $15,000 a day on bitcoin transactions alone for the site.  Paying for bitcoins is also very simple at retailers.  As simple as adding a credit card to your payment information in fact.

Retailers that Accept Bitcoin

Overstock.com has now been accepting bitcoins on their site for almost three years.  They have repeatedly explained the benefits they see to accepting bitcoin and have advocated that other retailers accept bitcoin.  Some retailers are still hesitant to accept it due to the volatility that can exist.  Although the volatility has stabilized in recent months, the SEC rejection of a bitcoin ETF showed the currency still wasn’t mature enough to prevent drastic volatility as it dropped 18% upon the news.

For a comprehensive link of retailers that accept bitcoin: Click Here

Do you have bitcoins?  What places would you like to see start accepting bitcoin payments?

Challenges Facing International Business

2017 looks to be a year of big challenges for business wherever they are in the world. Let’s pin down some of the major incoming challenges for businesses in the next year.

International Law

If you’re operating a business on an international scale – even a retail business that ships internationally – it’s important to have a proper understanding of the laws that govern your business model in different territories. This is particularly important if you’re operating a business model that doesn’t have a direct existing analogue. AirBnB has made a lot of money and adopted huge publicity by breaking new ground and crowdsourcing rental property for holidays, but by moving into Spain without conducting proper checks into its legal standing it found itself on the receiving end of a large fine.

Shipping to, from or within Scandinavia, is another example of international business law that takes time to understand: the customs situation is complicated, and can result in parcels being delayed, lost or the intended recipient having to pay unexpected customs charges in order to pick up their parcel. Unless this is accounted for and handled correctly, this could sink an attempt to move into the Scandinavian market under red tape and customer resentment.

It’s important to conduct proper research and consult experts before you make a move into a new market. You may find it helpful to talk to contacts at other businesses who have made a successful expansion into the territory you are considering. They can identify some of the challenging areas you may find yourself facing, and possibly give you a head start on solving those problems.

Brexit

As Chris Williams puts it, “Uncertainty is never good for business…now we have uncertainty caused by the Brexit result, combined with parliamentary disruption and still no clear plan”.

This is a challenging time: without clear knowledge of what the effects will be of Britain leaving the UK. The knock-on effects, as it disrupts the relationships of businesses around the world doing business in the UK and Europe are hard to predict. You’ll definitely expertise in your business, but it’s hard to know what expertise will be best to help you in this uncertain time.

You would be well served making preliminary enquiries with an interim recruitment company, like Savannah Interim, who are experts at getting temporary expertise into organizations that need it, when they need it.

Financial Spring Cleaning

Spring is finally here, regardless of whether it feels like it outside or not.  Around this time of year, many see it as their obligation to go through their homes and rid themselves of unnecessary items that clutter the place up.  The idea that a clean and happy dwelling is a rebirth and a new start.  Why not take this same approach to your finances?

At the start of every calendar year, I always suggest creating a new budget for the upcoming year.  Mapping out your income and expenses presents saving opportunities and fiscal responsibility.  We are now almost three months into the new year and expenses sometimes change.  That is why I always do a financial spring cleaning.  Below are my favorite three ways to do a financial spring cleaning

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Financial Spring Cleaning

Financial Spring Cleaning Tip 1:  This first tip is directly related to a normal spring cleaning of the house people already do.  Go through your closet and determine which clothes you don’t need anymore.  Maybe you have shoes you don’t wear, pants you’ve outgrown, DVD’s you no longer watch because of a Netflix subscription.  Gather up these items and donate them to a local shelter like The Salvation Army.  Not only will you eliminate these useless items from your place, but you will be giving to those who could benefit from such items.  The best part about all of this is most of the times you can receive a tax deduction for your donations.  This can lead to a higher income tax return for the 2017 year.

Financial Spring Cleaning Tip 2:  Clean out unnecessary clutter in your budget.  For example, maybe at the beginning of the year you signed up for a gym membership you no longer use.  Cancel it.  Go through the various categories in your budget and see if they are relevant to the remainder of the year going forward.  Perhaps you dedicated a portion of your budget to pay off debt, but now you no longer have that debt.  Eliminate that category.  Eliminating categories in your budget makes it simpler and much easier to read and track.

Financial Spring Cleaning Tip 3:  Review the dollar allocations in your budget.  Say at the beginning of the year you were eating out lunch every day, but now you realize the many health benefits and cost savings of bringing your lunch to work.  See if you can slash $30-$50 a month off your food budget.  Shop around for car insurance.  Perhaps you find the same coverage with a different company for $15 less a month.  Eliminating a little bit of money from a few categories adds up and helps boost your savings potential.

Financial spring cleaning allows you to revamp your finances for the remainder of the year.  Even if you haven’t done a good job of sticking to your budget, it is never too late.  A financial spring cleaning can allow you to set up your financial priorities for the remainder of the year and gives you a clear financial conscious heading into the spring and summer months.

Diworsification: How Much Diversification is too Much or Little?

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Diworsification

When I was picking stocks, I saw my portfolio lose 15% of its value in one day.  Simply put, I had too many of my eggs in one basket or too many of my investment dollars in one stock.  I wasn’t diversified.  Sure, I could hit it big with a stock, but I could also lose.  I saw the amount of time I was spending on picking stocks and knew it could be put to better use if I let the professionals handle my money.

My portfolio was under diversified, but many people also suffer from too much diversification of their portfolio or diworsification.  Diworsification occurs when you continually invest in the same asset class and keep your risk low but hurt your overall return potential.  It would be the equivalent of investing in many different mutual funds that only contained U.S. stocks.  If you want exposure to the U.S. domestic stock market that is great, I highly recommend it, but pick a fund that gives you just that and move on.

My investment strategy has come a long way from my earlier days when I was picking and choosing stocks.  I thought just like many that I could pick homerun stocks that nobody else could.  I did well on some and poorly on others.  I would come home every day from work and watch Jim Cramer’s show Mad Money.  I soon realized that the effort I was putting in wasn’t yielding the rewards I desired.  I quickly shifted all my investments to a mutual fund.  Being young, I knew I wanted a large exposure to stocks.  What better stocks to invest in than the U.S. Stock Market?  Warren Buffett has been noted to say that when he passes he wants the remainder of his fortune put into a low-cost index fund that mirrors the S&P 500.  That’s right, just one fund.  If he wanted his fortune to be spread across many funds that mirrored the S&P 500 he would be subject to diworsification.  I decided to follow Warren’s advice.

While my investment dollars are placed into a single low-cost Index fund that mirrors the U.S. Stock Market, not everyone will agree with this position, and that is fine.  Investment advice can be given to you from a hired professional or you can decide on your own.  My knowledge came about through the reading of numerous books.  If you want to invest in South America, there are funds for that.  If you want exposure to corporate bonds, there are funds for that.  If you think that the pharmaceutical sector is the next big thing, then by all means find a fund that suits you for that investment.  There are many ways you can invest your hard-earned money, but try and keep to the One and Done Philosophy when investing in mutual funds to prevent diworsification: Pick one mutual fund that covers the class or sector you are wanting exposure to and leave it at that.  Not only does it simplify your portfolio, but it keeps you diversified and away from diworsification.

How Rookies Can Invest in Real Estate

If you are interested in investing in real estate property, you may have started doing research about it. However, there is so much information out there about the topic that it can sometimes be confusing and leave you wondering how you should get started.  Fortunately there are a few not so complicated ways how rookies can invest in real estate.

1 Rentals

If purchasing a single family rental appeals to you but a lack of time to research and find an investment property is holding you back, there is a way to get it done fairly easily; Let someone else do the research for you. But saving time may not be the only thing making you hesitate. You also have to find renters, collect rent, do upkeep, and the many other tasks involved with owning a rental. It all takes time and it can be somewhat intimidating to a rookie real estate investor. So why not allow someone else to do some of the work for you? In addition, it is possible to purchase turnkey rentals even if you don’t have the expertise or time to manage the property yourself. Also, if you think you are locked into buying rentals only in the area where you live, think again. You can invest in properties in a different part of the country altogether even if you haven’t personally seen the property. Does this sound like a dream? There are companies in existence that can help you overcome these hurdles so you can purchase a rental and get started investing in real estate even as a rookie.

2 Crowdfunding

Crowdfunding is another way to help you get started as a rookie real estate investor, especially if you don’t have much money to get you started. By choosing this method you can put your money together with money from others and invest in real estate so everyone benefits. This is done through an REIT, or Real Estate Investment Trust.

REIT’s are a lot like mutual funds in that they give investors the power to diversify their investments and have steady money coming in. They are made up of knowledgeable team members who devise ways of investing pooled money in real estate investment options not usually available to the lone investor. They do this by putting the investment capital into more than one property, which makes the risks low and raises the growth potential of your investment. There are several companies that offer this type of investing, so it shouldn’t take too much time to research and find one to your liking.

3 Partnership Investing

Of course, you could also pool your money with someone else without the help of an outside company. Choose someone you trust to get started with and you could still invest in real estate even if you don’t have a lot of money or experience. When you work with someone else who has real estate properties already, you can learn a lot from them about choosing, financing, and managing rental properties or flip properties. It may also allow you to start investing a lot sooner than if you were to try to purchase a property on your own.

As you can see, even if you are new to real estate investing, there are different ways how rookies can invest in real estate. Don’t let whatever is holding you back prevent you from securing your future.

What other options do you know of how rookies can invest in real estate?

Kayla is a personal finance blogger in her mid-20s who loves to write about money topics of all kinds.

Blue Apron Free Trial: Review

Let’s be honest, many of us lack the time or the money to cook unique, cost-efficient meals today.  Whether you are a couple or a family, it is sometimes easiest to just eat out.  Eating out on a regular basis can get very expensive.  I recently received a Blue Apron free trial.  I was eager to try and cook my way through a new and adventurous meal, something I wouldn’t normally eat.

As this was a Blue Apron free trial, I had nothing to lose.  I had three meals delivered right to my door.  All of the packaging was recyclable, and it came with a couple of nice reusable freezer packs.  Here is my experience:

Meal: Chipotle-Glazed Meatloaf

Blue Apron Free Trial: Chipotle-Glazed Meatloaf

What I expected: Blue Apron said the prep time for this meal was just 10 minutes with the cooking time of the meal being between 35-45 minutes.  The card (included in the picture) came with a quick description of the meal along with all of the ingredients for the meal.  Each ingredient listed even came with a picture in case you weren’t sure.  The flip side of the card came with step by step instructions on how to prepare the meal and also some pictures to assist you along the way.  I laid out all of the ingredients on top of my counter along with the card and began.

The Good:  You have all of the ingredients you need to create a unique dish.  If you tried to go to the grocery store and buy all of the necessary items to create something similar, you would spend way more than $10/meal.  All of the items looked fresh and appeared top notch.  Everything from the beef, to the potatoes, to the garlic looked like it had been prepared just mere days before.  Finally, Blue Apron also pairs each of the dishes with a wine.

The Bad:  While the meal card said the prep time was just 10 minutes, this was not the case.  It took me about double that time to prepare the meal.  The only way someone could have done the prep in 10 minutes is if they were highly experienced in the kitchen or if they had prepared this meal before.  The meal also lacked a side of vegetables.  While this might seem quite minor in the details, some healthy vegetables to go along with this meal would have made it complete.  I ended up cooking some green beans to go along with the meat and potatoes.  You also needed some cooking experience to help guide you through.  I don’t believe these meals are for the complete rookie.  For instance, you had to mince garlic, slice potatoes, and needed a few kitchen accessories to complete the meal.

Chipotle-Glazed Meatloaf Dish

Conclusion

Ultimately my Blue Apron free trial was a success.  I was able to create a delicious, unique meal all by myself.  At just around $10/meal, it is also a great value because the same ingredients would cost much more if you purchased them at the store.  Downsides would be that it requires some basic kitchen knowledge and elementary kitchen items.  This meal service is great for a couple who enjoys cooking together and wants to spend some time create different dishes and bonding over the experience.

Are you interested in Blue Apron? Get $30 off your first week using this link.

Blue Apron reviews from our friends:

How Do Millennials Finding Affordable Dental Health Care?

How important is a great smile? According to ABC News research, the first impression is the most important. Whether it’s a lack of affordable dental insurance, anxiety of going to the dentist, or burden of financial responsibility, many Millennials have put a trip to the dentist on the back burner. Underestimating the important link between oral health care and overall wellbeing can not only jeopardize that vital first impression, but cause health issues for Millennials as they get older.

Staying Away Means More Decay

A study by the National Health and Nutrition Examination Survey (NHANES) shows 62 percent of adults ages 35-64 went to the dentist in the past year, compared to Millennials, those ages 20-34, which was just slightly over 50 percent. Millennials also had the highest percent of untreated cavities, according to the study.

Millennials now represent over a quarter of the nation’s population, 83 million, exceeding Baby Boomers for the first time. It is reported most of them have avoided the dentist for 2 to 3 years. In the end this game plan ends up being painful and expensive. Unfortunately, many employers don’t offer dental insurance and Millennials are unsure how to find affordable dental care.

In a case study by Quirk’s Media, How Millennials Are Reshaping Health and Wellness, found two thirds of Millennials “believe that insurers have too much power and are often perceived as putting profits ahead of patients.”

No Pain Means No Problem? Don’t Be Misled

Many Millennials believe if they aren’t experiencing pain, there isn’t a problem. The fact is, by the time there is pain, there is likely a severe problem. With over 85 percent of Millennials with missing teeth, fillings, or tooth decay, delayed dental visits have become a serious issue.

The American Dental Association warns, “Too many people mistakenly believe that they need to see a dentist only if they are in pain or think something is wrong, but they’re missing the bigger picture. A dental visit means being examined by a doctor of oral health capable of diagnosing and treating conditions that can range from routine to extremely complex.” Dental health is about prevention, “During a comprehensive exam, dentists examine the teeth and gums, but they also look for lumps, swellings, discolorations, ulcerations — any abnormality.

Where to find dental health care that is affordable?

Good dental health is about brushing, flossing, eating a healthy diet, and regularly visiting the dentist. Quality oral health care should be affordable for everyone. A healthy smile and good first impression is important for every person.

Today’s Millennials are discovering the benefits of discount dental plans. True Dental Discounts is not dental insurance, but gives individuals and families access to a variety of highly qualified dental care providers at a discounted price. Since there aren’t any deductibles, waiting periods, or limit to the number of visits, it’s not only affordable it easy!