article thumbnail

Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

Here’s a guide of basic definitions and tips to help you through a more simple tax season: Tax Obligations for Freelancers Freelancers/independent contracts act as their own employers and employees, which means they are responsible for paying both income taxes and self-employment taxes. for Medicare with no income limit, according to the IRS.

article thumbnail

Can I Go into Retirement Early With FIRE?

Success

Reaching financial independence and early retirement is usually achieved by people who are willing to go to extreme lengths to cut their expenses. Many looking for an early retirement with FIRE often forgo driving newer cars, living in bigger houses or taking expensive trips. If your yearly expenses are $75,000, multiply that by 25.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

Success

We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. Check out your expenses from last month and then categorize each transaction. Set goals and adjust your expenses. The cost of building a life isn’t.

Budget 280
article thumbnail

Your Next Coworker Might be a Drone

Allwork

Drones are quickly becoming an instrumental tool in all industries; they provide high-definition imagery and data that can be processed quickly and disseminated to decision makers in near real time. . They provide high-definition imagery and data that can be processed quickly and disseminated to decision makers in near real time.

article thumbnail

Napoleon Hill’s 28 Self-Analysis Questions

Success

You should work with a definite yearly objective to be attained as a part of your major life objective.) Have I reached decisions promptly and definitely on all occasions? Have I permitted any one or more of the six basic fears [poverty, criticism, ill health, loss of love of someone, old age, death] to decrease my efficiency?

2019 322
article thumbnail

6 Pro Tips To Maximize Your Healthcare Benefits Before The End Of The Year

Allwork

For workers who are lucky enough to have health benefits, there are some best practices when utilizing these benefits to be sure you don’t leave any money on the table. . Landing a job with great benefits is definitely high on workers’ wish list, but actually taking advantage of these benefits is even better. . The most important?

Health 299
article thumbnail

If Sending Christmas Cards Feels Like a Chore, Here’s How to Politely Opt Out

Success

With a major life transition like illness, loss or divorce, the stable, curated image we might strive to present in a holiday card has been shattered, says Juliet Kuehnle, a North Carolina-licensed clinical mental health counselor and the author of Who You Callin’ Crazy? The Journey From Stigma to Therapy. Spencer says.

Holidays 310