profitable

With the election coming up, I wanted to touch on things we need to do locally that will help us all in the long run.

1. Take control of local government by getting involved in city councils. There are a lot of local elections going on now and it is the perfect time to get involved. Instead of complaining about what isn’t happening in your neighborhood, get involved and become part of the solution and not the problem (yeah that sounds trite but it’s true).

2. Get to know your neighbors. One of the things we need to do locally is knock on doors and get to know your neighbors. If there are some that are just too weird or up to felonious activities you might want to get to know some other neighbors so they can hip you up to what is going on. In the event of an earthquake or power failure it is good to know who can help you and who you can help. We make our own good vibes or karma, folks.

3. Shop locally and support local farms and businesses. Sure, you can avoid things that you can do locally by buying everything cheaper from China but what is the cost in the long run? Remember that eventually if everything goes overseas, you will have a long time to wait to get a plate of breakfast if the chickens are raised in Beijing. If that sounds extreme take a look at all the food that is delivered now and look at the packing boxes at places like Costco. You want to help local growth so try to help your neighbors.

4. Plan for disasters and get your neighbors to as well. In the event of a quake or power failure expect up to 72 hours till the various agencies can get up and running. Wouldn’t it be great if everybody in your neighborhood had backup generators and food for a week? Sure, that is the optimistic goal but at least help your friends and people close by get on the right track.

Be well and safe gang. Oh, and Happy Birthday Joey Pavlovitch!

Oct 17 2012

Kim Isaac Greenblatt

Things We Need To Do Locally

People, there is no magic when the IRS or State of California want to see supporting tax documentation as proof of what you are doing when it is related to your business. You need to show the governing agencies that you have the correct documentation to prove your position.

If you are in retail, that means that you need to have ready your receipts as well as a spreadsheet of what your expenses are. If you are say in the t-shirt making business you can use what ever you are using for manufacturing shirts, costs of goods, machinery and anything else like a printer, etc. For items like a printer though, remember that you will have to depreciate the item and unless there is the special one item write off (or it may not be worth it) you may be better off having things not written all off at once.

You are in business to make money right? That is the position most govt taxing agencies are taking as well. If they see that you aren’t running the business correctly – and one of the things by that is keeping great records – then you run the risk of having everything disallowed. You may have your business deemed a hobby and if that is the case you can say bye bye to your expenses on your Schedule C.

One of the best ways to keep that from happening is to have great documentation. Make sure that for any meeting that doesn’t result in you taking money in that you at least have notes of the marketing presentations that you planned, the appropriate contact information in case the govt agencies want to verify things, and time involved.

It isn’t hard to keep track of expenses and documentation once you get started, the trick is to get started and develop that into a good habit.

Peace gang!

Kim Isaac Greenblatt

Supporting tax documentation

For those of you who don’t know, this is Rett Syndrome Awareness month. Rett Syndrome is a disease that affects a girl born once every fifteen minutes. Boys born with the Rett gene generally die at birth.

There are many events to support Rett awareness this month and please donate when asked. Unlike a lot of the mainstream charities Rett tends to get underfunded. The research from Rett Syndrome helps other diseases and syndromes. Science, folks, is a wonderful thing when used for the benefit of people.

The Southern California Rett Syndrome picnic will be held Saturday, Oct 13 2012 and there will be a good time for all. There will be raffles for cool prizes as well as demonstrations of augmentation communication devices to help Rett girls communicate.

It will be a very special event this year as well because my daughter, Arianna, will be celebrating her sweet sixteen party as well as some of the other Rett girls. If you have never seen a Rett picnic, please come out and have some fun. There is food for sale (inexpensively) and the group is very friendly.

There will be vendors will special needs bicycles as well as the communication devices and you can see what is the cutting edge in getting people who have a hard time getting their voice heard, er, heard. Seriously there is a lot of cool stuff.

The venue is going to be at El Dorado Park at Willow Grove in Long Beach. It is a beautiful place and with any luck with weather will be less than 100 degrees F. There is a nice lake nearby so that should help keep people cool or at the very least make people think that they are cool. Parking is there – just make sure you can get there early.

We hope to see you at some of the events and thanks in advance for your help and support. The girls and their families REALLY appreciate it.

Kim Isaac Greenblatt

It is a coin toss as to whether silver or gold will consolidate for a profitable bit and my money is that it will consolidate for a bit in the next few weeks. Opinion is my own and do your own due diligence.

The profitable question is – is it worth it to try and time the market, go out and wait till the chaos is over and there is a clear direction or ride things out?

The direction seems to be that the market is going to slow down in terms of everything and stall. This isn’t just in the United States but a perception for the world. Makes sense since there is a lot of rioting and overall yukiness across the globe especially in places where people aren’t getting enough food or suffering from economic changes that are pretty catastrophic to their daily life styles.

Will everybody turn to precious profitable metals to conduct business. I am not so sure because how will people make change for a gold coin worth say $1800? Will they say okay, I am good for my breakfast with you for the next 6 years because I am front paying it?

I think that if things fall apart, they fall apart and food, shelter and water will be important. If one is ill, medicinal supplies, the ever popular drugs and medical skills will be things of value. Let us hope that things don’t deteriorate that far here in the United States. One way to prevent that is to help your neighbor and tell your representatives and people with money that we need to get things straightened out.

So back to precious profitable metals, of course there is and will always be the allure, especially with the short term ability of the Fed to print more money. My opinion based on what I am seeing is that for the next few years commodities, especially food will be valuable.