Readers have expressed interest in what to do with returned inventory, so here goes. Firstly, you need to be aware of the trinity of Bookkeeping, Tax Planning, and Tax Preparation. Once you understand that there are three distinct viewpoints for every decision, you’ll see how to deal with returns.Before we go into the trinity, we […]
Income Tax for the Reseller
Tax is a complicated subject. Taxes for the Reseller more so. One of the driving factors behind my interest in Reselling at this time is the complications that are thrown up by the ‘Hobby’ and how it stretches Tax Law to the limits very quickly. I’m going to try to tackle a few important topics here, […]
Understanding ROI for fun and profit
Return on Investment, also known as ROI, is a very useful tool that is frequently misused. This misuse causes catastrophic, yet invisible, damage to profitability. It’s easy to see this invisible damage when a person has zero profit, but when they have a large number, missed opportunities are hard to identify as everything seems fine. […]
Investment Accounts for Points and Problems
Fundamental to every decision we make should be a risk and reward evaluation, but there are times when we don’t really think through the possibilities or simply aren’t aware of them. This is always going to happen, and my solution to this is to attach a level of risk to the underlying instrument.For example, if […]
Deducting the DO – Framework™ thoughts
This past weekend I attended the ResellingDO hosted by Trevor at TaggingMiles. It was a great event, with lots of great people, other than Mileswhip. One of the thoughts that struck me during dinner was how paying for such an event has changed for me over the years, and ironically, how I’ve reverted back to […]
Why you might not want to stand up to cancer
Cancer sucks. No argument there. But there are many ways to fight it. I was chatting recently with a friend about the American Airlines partnership with Stand up to Cancer, the deal is that for donations in excess of $25 they award you 10 miles per dollar. Additionally, as a registered 501(c)(3) charity, you’d […]
Hacking Business Travel
Recently FreequentFlyer wrote a post on hacking business travel. You should read it, it’s good. However, there’s a few conceptual points I’d like to address when it comes to business travel, and you can apply them to your personal life too. Business Travel is already hackedThe first rule of business travel is that it is […]
50% Off a Southwest Flight #giveaway
Thanks to a generous reader, we have a 50% off a Southwest flight coupon code giveaway. To enter, ‘like the post’ on Facebook, we’re using that to track entries.Cheers,Matt
The Framework™ A tale of two cities
Two people can appear to be doing the same thing, but in a very different way. We see this with Travel Hacking, when you have one poser in First Class that is paying cash, and another poser that is paying with points. While they may order the same meal, and both elect a diet coke […]
Interpretation
Humans are funny things. We’ve been taught to learn the rules and obey them, and while it can be a very empowering thing to know the rules, laws, or other things and therefore maximise them, it can also be limiting.Let’s consider something extreme, such as shooting another human. While I hope never to do this, […]