Happy Sunday!

Here are 3 ideas, 2 quotes, and 1 question to consider this week!

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3 Ideas From Me

1. “The hidden gem of tax deductions is the Health Savings Account (HSA):

— Tax-Free Contributions: Drop your money into the HSA and boom, it's a write-off. You instantly have less taxable income.

— Tax-Free Growth: When you’re not using the money for health-related reasons, invest it. Any profits from interest, dividends, or capital gains Uncle Sam doesn't touch it.

— Tax-Free Withdrawals: Not only can you use the money for any medical expenses without having to worry about taxes, but once you reach a certain age, you can withdraw it for ANY reason and still not pay taxes.

That's the triple tax break of HSAs. It's pretty much a magic trick that most people never see.”

2. “You are most powerfully positioned to serve the person you once were. What questions have you answered? What problems have you overcome?”

3. “Fear does not stop death - it stops life. Do it scared if you have to.“

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2 Quotes From Others

1. Writer Tom Wheelwright gives us the first step in being able to write off ANYTHING:

"The key to making an expense deductible is to make it a business or investment expense. As long as the purpose of the expense is to produce more income, it can be deductible.

2. Ramit Sethi from the Netflix series ‘How To Get Rich’ shares the first step in getting rich:

“The single most important factor to getting rich is getting started, not being the smartest person in the room.”

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1 Question To Consider

"What will I do this week to improve my financial situation in the long term?"

Here are your two options: save more money or make more money. The good news is that both options are possible and the ways to achieve each are endless.

Until next week,

- Keran Smith