Comments on: How To Rid Debt By Becoming a Cash Money Superstar

By: The TrackSuit Family is on a Budget

The TrackSuit Family is on a Budget — Tue, 12 Feb 2008 13:45:52 +0000

[...] As far as being on a budget, well that’s the next step. I wrote before about becoming a Cash Money Superstar and I still do believe that using a cash budget is a powerful way to put you in touch with your [...]

By: Top Posts « WordPress.com

Top Posts « WordPress.com — Wed, 11 Jul 2007 23:59:27 +0000

[...] How To Rid Debt By Becoming a Cash Money Superstar Recently I wrote The Ten Commandments of Working From Home where I proved my street credit based on 2 criteria: [...]

By: sacredwest

sacredwest — Wed, 11 Jul 2007 23:20:42 +0000

I also think that we make as much money as we realy need – the great trick is to make sure we “need” enough, that we really feel that need

we surround ourselves with the cushion of credit, and don’t feel

when it’s down to cash, it’s a lot more, uh, primal in the gut let’s say – where the inner game comes from

excellent reminder, thanks

By: thetracksuitceo

thetracksuitceo — Wed, 11 Jul 2007 20:26:24 +0000

RationalPsychic:
Thanks for stopping by!

By: rationalpsychic

rationalpsychic — Wed, 11 Jul 2007 19:11:44 +0000

I’m interested in your site but am at work. So, I’m leaving a comment to remind myself to return when I have the time.

By: totaltransformation

totaltransformation — Wed, 11 Jul 2007 18:05:24 +0000

Not a clue. That is why when you speak with independent contractors they have a very different view of the tax code than the average guy or gal who has someone else do the withholding.

My wife and I decided recently to put the maximum exemptions on our W-4′s. We now put the funds in a money market so they make money for us until tax time when I write the check. That way were aren’t giving Uncle Sam an unpaid loan or paying way too early.

By: thetracksuitceo

thetracksuitceo — Wed, 11 Jul 2007 17:44:50 +0000

TotalTransformation: Excellent point, but if you’ve ever tried to forego the government withholding at your day job your HR dept. probably won’t even know what you’re talking about!

By: totaltransformation

totaltransformation — Wed, 11 Jul 2007 17:33:27 +0000

“Something happens when you hold your earnings in your hand in the form of cash.”

Amazing isn’t it?

“There is nothing in the transaction that signifies that you have less money in your account after the transaction. When you hand over a $20 bill and are handed back only a dollar and change you get a much clearer representation of what has happened (especially if that was the last $20 you had in your wallet).”

This is the same reason I don’t like the federal government doing tax withholding. That way people rarely realize how much they pay in taxes. If people had to sit down on tax day and write a check there would be a major revolution in the tax code.