Is Patreon money taxable? Before reading any further, be advised that this article is NOT tax advice, nor should it be construed as such. Consider this some basic information that is meant to help you ask the right questions of a tax professional or help you in your own research of official IRS publications that address the issue or the state equivalent of such taxation resources. What Is Patreon? Patreon is a crowdfunding platform. The … [Read more...]
5 Ways How Experts Monetize Knowledge
What does it mean to monetize knowledge and what are the ways experts earn money from their experience? There are many ways to do this if you know how. And learning how is easier than ever with the advent of so many publications offering to help you do just that. A word of advice; monetizing your knowledge should be done with care. It is illegal to make unsubstantiated health claims, dispense legal advice without the proper state credentials, … [Read more...]
How do I know if a Charity is Real?
With the holiday season and the end of year approaching, you've probably noticed an uptick in requests from charities. It seems like everyone's looking for a donation right now - and it is true that charities rely on donations to do their work. But how do you know if a charity will use your donation responsibly? How do you know if it is a legitimate charity doing the work they claim to do? Simple - you do some research. Where to Research … [Read more...]
Three Smart Year-End Money Moves
Fidelity Investments just sent around their "Three Smart Year-End Money Moves for Women to Get Financially Fit in 2016," but I think these apply to men as well. Let's look at their tips and then I will discuss where I'm at on these tips and what tasks I need to complete. Year-End Money Tips from Fidelity Investments: Just start thinking about it. Understanding how you are saving and spending can be a valuable step to helping put your … [Read more...]
How to Value Your Donations
This summer, one of my big goals is to declutter my house and actually get rid of things. I have had a bin of clothes to donate sitting in my office for I don't know how long, and at this point, it's overflowing. I also know there's a box of donations in the back of the coat closet. That stuff is probably going to have to be washed, because I'm fairly convinced one of the cats has been sleeping in it. I've also got a ton of paperback books … [Read more...]