Taxes and blog income
I’ve gotten all of my mail out of the snowbank, and since it’s January there were some tax documents waiting for me. I haven’t received all of my 1099s for my blog income, but the rest will be coming in soon. I’ve lost quite a bit of money in stocks, but that’s just on paper as I didn’t take anything out while the stock market is down… in fact, I bought more stock in companies I am sure of and I know I’ll gain in the future. But anyways, I am actually excited about tax time this year because it means I can prove to my accountant that “You can make money with blogs”!
When I bought MomsCashBlog, I had to tell my financial advisor about it since she holds most of my money. I knew she would not understand or agree with my decision. I met her when I was on the Trade Commission in an affluent city where I was the co-owner of a retail store. She was the accountant/financial advisor/broker to all of the successful business owners on the Trade Commission, so when I decided to get serious with my money, I went to her. It didn’t take me long to realize how she made everyone else so wealthy… she doesn’t let her clients spend money! lol She makes them put everything away and invest it, and weighs every decision for it’s potential risk before she makes a move.
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