Posts Tagged ‘California’

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California Budget Passed To Be Signed Friday

Friday, February 20th, 2009

Finally!  It is the coming of the Messiah!  Wait, that isn’t it.  It is the end of the world.  Nope, that isn’t it either.  Ah, the California Budget debates are over and the State Legislation has approved the budget and is passing it to the Governor for his signature.  Well, the budget may be balanced and we may be getting some help with the stimulus package from the Fed but we are still in for a long, slow ride to recovery.

Interesting note in the news today about California and housing.  Homes are affordable enough for about 60 or so percent of the people in California and that includes parts of Los Angeles.  The bigger issue is can people qualify for the homes if they are laid off or don’t have the higher down payment requirements which are in the neighborhood of 20%. 

I am inclined to think that once all the noise about the Depression is over and if we all aren’t all sleeping under the trees or fighting for a dry spot under a freeway overpass we will find that the average price for homes will float down about 6% a year for the next few years and maybe in five years it will be bottomed.  I am going on record with this after conversations with some people in the bank repo business and of course, there are exceptions to every rule.  One major exception is any place where there is a killer school system.  People will do what they can to keep themselves in a neighborhood where it is safe and their children can go to school.  There are still a lot of places like that in California and of course all about the nation.

What do the super rich do about things like that?  They don’t worry about it because they live in gated communities and they have their kids either tutored privately or they go to expensive private schools, or at least until their stock portfolios are dried up.  Speaking of which, I don’t expect any kind of super rally for a long period of time and I sold my CAT stock and took my losses and my lumps.  Sometimes you win and sometimes you lose and the important thing is to have enough cash to be able to invest (or speculate) another day.

Now that I have been rambling all over the place let’s get back to talking about California.  From what I have heard, a lot of services will continue the way that they are meant to and that hopefully will be good for those of us with special needs families.  The reason isn’t though because of California.  It is because abou 9 billion dollars in Federal stimulus money will be heading our way.  Hopefully that will continue to fund school supported special needs programs.  Be vocal people.  If we don’t talk, nobody else will.

What about Hollywood?

The motion picture industry starts to get some incentives in 2011 (if I got the year right from what I read)  with the following three items in the package that will be signed tomorrow:

1. Studio film projects shooting for less than $75 million can apply for a tax credit amounting to 20% of all “qualifying production expenses” — essentially below-the-line costs.

2. Independent film productions of $1 million-$10 million and all TV series relocating to California will qualify for a 25% tax credit.

3. Productions must locate in the state for 75% of shooting days or spend three-fourths of a project’s budget in California.

It is just enough to keep middle or average productions in-state so that the cast and crew can go home and sleep in their own beds in their Valley homes or condos.  Some other states have some lavish incentives but those will draw super blockbusters only if they also fit their location needs.  State estimates suggest that every $100 spent on production in California returns about $285 in economic output.  The state projects the program should be cost-neutral because of benefits in business retention.   Others think it will add more.  Hey, I think anytime you can keep jobs close to home you are doing local economies a blessing.

Considering California is about the equivalent of the eighth largest economy in the world (according the State itself) we are probably also one of the most cash broke economies.  We need to work on generating state income to support state programs so we can continue to function and try to recapture being the world trend setter in making money as well as style.

No word on State refund checks.  I am hoping those will start going out as soon as possible.

Be safe people!

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale. If you like poker, Heroes (the TV series), comic books, Watchmen, etc, there may be some fast links to get you to what you are looking for.  Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

 Kim Isaac Greenblatt

California Budget Passed To Be Signed Friday

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California Budget Is Weirdsville

Monday, February 16th, 2009

Preliminary reports on the California Budget are really, to put it in beatnik talk from 48 years ago, weirdsville, daddy-o. It looks like the state budget will actually cancel out potential benefits the Federal stimulus bill was suppose to help the state with.  Ouch and yuck.  Here is what I have heard so far:

 

1950stime

 

The California budget will extract about $30 billion out of our state economy through higher taxes and reduced spending.  That is something to annoy both Democrats and Republicans.  The vote would (and by the time you are reading this the vote may have already taken place) knocking some of the $80 billion that California is expected to receive when President Obama signs the stimulus package into law either Monday or Tuesday. 

Higher taxes mean that California will be less attractive to investments and for business development. Bad idea and bad tax idea.  Good idea and great tax idea would be to introduce some incentives to get companies to come back into California instead of have reasons to leave the state, right guys and gals?  We are turning the clock back on the state from the year 2008 to 1950 and early.  Again, yuck.

To be fair, some analysts think that overall it will be good for the state of California and that business will come to California as we try to balance the state budget.  Folks, I’ve lived in California and we use to be able to balance the state budget.  We have a lottery that is suppose to help the school systems here and our schools are still suffering.  We need some of that change that is trying to get through at the Federal level to come down to the state level.

The White House has tenative projections that the stimulus plan will save or create about 421,000 jobs.  I have no idea where the came up with that number at this point and to be fair can’t comment on it other than 421,000 is a small amount compared to the hundreds of thousands of shadow unemployed people who have already rolled off of unemployment and the underemployed people who are starting to get nailed with not being able to make home payments or pay the bills.  This holds true in other states as well but California is a big state and it has things here magnified a little bit larger.

 Howard Roth, of the State Department of Finance, says that the number of dollars that will be added churning through the economy will be closer to a 100 billion dollars.  As one of the State of California’s economists, he should be in a position to know and I hope that it is true and the money churns into the hands of the people that need it and not back and forth between banks to generate interest for them.

In more news from Weirdsville the Federal government is proposing to roll back sales taxes or something similar and the State of California is proposing adding a 1% sales tax.  The net effect would be to cancel each other out but I don’t think the changes would be at the same time and it looks like the California sales tax addition would be a temporary one though taxes have a tendency to stay on for a long time (like the phone tax from the Spanish American War that was finally repealed a few years ago).

More on this and other California and Federal Budget news as it develops and as I see details of the State of California budget.  Please post your thoughts and ideas and remember to fire away any tax related questions.  I am looking for clients as well.  If interested, drop me a post through the website.   Be safe, healthy, and happy!

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale. If you like poker, Heroes (the TV series), comic books, Watchmen, etc, there may be some fast links to get you to what you are looking for.  Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

 Kim Isaac Greenblatt

 

California Budget Is Weirdsville

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Questions and Answers on California Refund Check Status From FTB

Wednesday, February 4th, 2009

Here is an emergency update I thought I would post since there is a lot of interest in it. This is all quoted from the Franchise Tax Board website. Hope it helps answer your questions about what is going on if you are waiting for your California tax refund check status.  As any of this business changes or I get an update, I will let you know.  My thoughts and prayers go out to everybody in California, the United States and the rest of the world who is out of work.

Kim Isaac Greenblatt

Due to the state’s persistent cash and budget problems, the State Controller announced on Friday, January 16, 2009, that because of the state’s cash shortfall he will have to delay refunds for 30 days starting February 1, 2009 for Personal Income Tax and Business Entity taxpayers. Refund payments will resume when the State Controller indicates there is enough cash available to make refund payments.

Frequently Asked Questions
Should I wait to file my return?
No. If you have all of the documents and information needed to prepare your return, you may file it any time through April 15 (or October 15, if filed on extension). The refund delay does not affect the return due date or our ability to process returns.

When will the refund delay be lifted?
It is anticipated that as soon as the cash and budget problems are solved, the refund delay will be lifted. Check this website for updated information on the status of the delay.

Once the budget is passed, will my refund be issued?
Not necessarily. Even though a budget is enacted, the state will need sufficient cash to pay outstanding debts, including tax refunds. Depending upon the circumstances at that time, there may be a delay before the state has enough cash to pay refunds.

Will you still honor my direct deposit request (DDR) when the delay is lifted?
Yes, your DDR will be honored when the state resumes the payment of refunds.

Is it possible that I will be issued an IOU?
If the state’s cash flow problems do not improve, the Controller may need to issue IOUs. If the Controller has to issue IOUs, you will receive a paper IOU warrant, even if you requested a direct deposit of your refund.

Are all refunds delayed or just 2008 tax year refunds?
All refunds are delayed, regardless of the tax year they apply to. For example, an approved refund claim for tax year 2006 will be delayed until the state’s cash and budget problems are solved.

Am I entitled to receive interest because of the delay?
It depends upon the length of the delay. For individual taxpayers, interest on current year refunds is only paid if your refund is not issued within 45 days after April 15, or the date that your return is filed, whichever is later. If you are entitled to receive interest on a prior year refund, you will receive it when your refund is issued.

Can I apply my refund as an estimated payment toward my 2009 taxes?
Yes, if on your 2008 return you request that your refund be applied toward your 2009 taxes, we will apply the amount you designate when we process your return.

If I owe for other debts collected by FTB, will my refund be applied toward that debt?
Yes. You will be refunded the difference, if any, once the delay on issuing refunds is lifted.

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Maryland Is Good To Soldiers and Musings

Saturday, January 31st, 2009

Question from a reader:”Hey, Kim, is it true that Maryland gives $15000 in breaks for taxes to soldiers?”

My answer is yes, there could be a break for you if you are in the Armed Forces.  If you were stationed in a combat zone, Maryland lets it’s native sons and daughters (well, Maryland residents) get a $15000 subtraction from their taxes. 

The subtraction modification for military pay received by military personnel stationed overseas under the Maryland State income tax to the first $15000 of military compensation paid to or incurred by any active duty military personnel.

If you are stationed in Virginia, sorry, that doesn’t count.

—–

The stock market has been trying to crawl back a little at a time, due in part to the economic stimulus trying to make it through the Senate.  It will take some time to get the money and credits through to the public.  I think the market will continue sideways at least for another quarter or two until money starts loosening into the American public and once all the layoffs start happening. 

What else is new…Here in Los Angeles, there was a city and United Way kick off to make more people aware of Earned Income Tax Credit.  I think that is great but the problem that people need to know is that the IRS is really going to scrutinize the returns with EITC and the preparers because of so much fraud.  I have talked about it before in the blog and my stand on this is if you can legitimately claim EITC, go for it.  If you try and qualify and can’t please don’t push your luck and don’t ask your tax preparer to do anything illegal.

No word yet as to what will happen after the 30 days for the California refunds or warrants question.  An interesting proposal by the Governor is that we have a booze tax to raise shortfall tax revenue and income for the state.  Surprisingly, or maybe not surprisingly if you ask or polled people who don’t drink, most people said they wouldn’t mind a booze tax.   

If you are applying for bank reund anticipation loans (also known as RALS), be aware that if you are due to get any outstanding tax rebate incentive that you didn’t get last year that you may not qualify for the RALS.  Just a reminder that if you are in the armed forces you can’t take a RAL either.  You can apply for a refund anticipation check (RAC), I believe. 

I think that is all that I have on stream of consciousness stuff.  The W-2s are out and people are coming around with 1099s so tax season is getting into gear.  Just a reminder that the combined 1099Bs don’t come out till mid February.

Stay warm, get wealthy, happy and be healthy!

 

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale. If you like poker, Heroes (the TV series), comic books, Watchmen, etc, there may be some fast links to get you to what you are looking for.  Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Kim Isaac Greenblatt

 

Kim Greenblatt

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California Estimated Taxes New Split Information

Sunday, January 18th, 2009

Just as a heads up for those of us living in the state of California.  This may or may not apply for you.  For those of you making estimated payments for Fiduaciaries, the formula will no longer be 25% of your estimated tax liability each quarter.  It is changing to 30%-30%-20%-20% as stated below from the 2009 Form 541 instructions:

Estimated tax payments due for each taxable year beginning on or after January 1, 2009, are now required to be 30% of the required estimated tax liability for the 1st and 2nd required installments and 20% of the required estimated tax liability for the 3rd and 4th required installments. Prior to this law change, estimated tax payments were made in four equal (25%) payments. Estates and trusts with adjusted gross income over $1,000,000 may no longer compute estimated tax payments based on 100% of the tax shown on the return of the preceding year. Estates and trusts with a tax liability less than $500 do not need to make estimated tax payments.

Just be certain that you are making the appropriate estimates and payments in order not to incur any penalties or issues with the FTB.  If you annualize your payments you shouldn’t have any problems. 

Double check if you are managing your estates or trusts that you have enough money put aside to cover any projected tax liabilities.  This looks to be the next niche that the FTB will come after in terms of auditing for exceptions.  Take a look to see what investments may be down or not earning as much so you can project appropriately what kind of tax liability that you will be looking at.

If there are any other issues in terms of estimates, be sure to err this time on the side of being conservative.  The FTB is looking for cash to help fund the state of California.  Don’t let it be any extra cash that you don’t need to legally give them.  

On an e-filing note – California hasn’t finalized some of their forms.  They still are accepting “prototype” forms from electronic filing software through tax preparers and packaged software.  Make sure you get updated forms when you are doing your own taxes.  If you are having problems, let me know.  I don’t know if the FTB is accepting by mail any prototype forms yet.

Any tax questions or issues?  Drop me a line since it is tax season.  I am also taking new clients!

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale. If you like poker, Heroes (the TV series), comic books, Watchmen, etc, there may be some fast links to get you to what you are looking for.  Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Kim Isaac Greenblatt

California Estimated Taxes New Split Information

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California Will Delay Tax Refunds By 30 Days

Saturday, January 17th, 2009

This just in as late breaking news.   Timing seems to be just before the 3 day weekend so people wouldn’t react to it:

California’s controller John Chiang said Friday he will be forced to impose a 30-day delay on tax refunds and some other payments starting Feb. 1 if lawmakers fail to agree on a plan to erase a nearly $42 billion budget deficit.  That means that the tax software in most systems that says that you can expect a refund in 8-15 business days if you e-file for the state of California (just Cali by the way and not the Fed) is incorrect as of now.

Controller John Chiang, who acts as the state’s accountant, said he will have no choice but to delay $3.7 billion in payments next month because the state is running out of cash.  That has happened before but the state has sent out warrants right away.

Doing so, he said, would buy the state a few more weeks before its accounts run dry. The state is on the brink of issuing IOUs as it faces a $41.6 billion shortfall over the next year-and-a-half.
“Let me make this perfectly clear: This is a painful decision,” Chiang said during a news conference in Sacramento. “It is an action that is critically necessary. The fallout from issuing IOUs, or for the state going into default, are significant and long-lasting and something to be avoided at nearly all costs.”

A severe drop in revenue from sales, property and capital gains taxes has left the state’s main bank account depleted. The state has not had a positive cash balance since July 12, 2007, Chiang said.

We still had funding in time to have refund checks issued in the past though.

Ugh.  That means if you were counting on spending that State refund check you better hold off for at least 30 days till you get it and even then it may be only a warrant.  Since the option to send warrants isn’t off the table it means other options aren’t either.  I am worried one option would be not to issue refunds at all for the past year.

More as it develops.

 

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale. If you like poker, Heroes (the TV series), comic books, Watchmen, etc, there may be some fast links to get you to what you are looking for.

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Kim Isaac Greenblatt

California Will Delay Tax Refunds By 30 Days

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State Warrants and Other IOU Questions

Saturday, January 3rd, 2009

Question from a reader:”I read that California has issued IOUS in the past.   They are talking about doing that again.  Are they going to?  Should I leave the state?  Are we broke?”

refund-check

 

 

My answers to the statements and the questions are:  At this point, they are trying to decide what to do, you don’t have to leave the state unless you want to and yes, the state is broke though it isn’t like you will the entire city of Sacramento standing by the 405 Freeway on or off ramps begging for spare change-at least not yet anyways.

 

sparechange

 

California has issued warrants in the past.  Warrants look like checks except they have the word “warrant” printed on them.  The first image above is of Federal refund checks and State refund checks (and warrants) are not that different.  If memory serves correctly, I remember receiving a warrant back the past and at the time, I think that most banks went ahead and cashed them and treated them as if they were checks.  After all, if the State of California says they will make good on a check they will, even if it is later than sooner.  In that case, they came to a resolution relatively quickly.    That was back in July 1992.

This time around it is any one’s guess as to what the state will do.  They have 60 days as of Dec 31 from what I gather.  At the end of the time, the State of California runs out of money and is officially broke.  The commercial banks in the state haven’t made a decision yet as to what they would do if they receive warrants either.

So the bad news is that you might get an IOU.  The good news is that currently, if they don’t pony up the cash for the IOU the state has to pay you interest and as of now, the interest might go up to 5%.  According to Jacob Roper, a spokesman for the California state controller’s office, they haven’t determined what the rate of interest might be if that is the case.

Are other states faring any better or worse?  Sure.   Does it mean that you have to high tail it out of California?  Not unless you already were planning on moving in which case any warrants that would be mailed to you would follow you to your mailing address in your new state.

If you owe money in taxes, you are still required to pay it and the newspapers, Internet and blog sphere have been full of comments screaming the blues that it isn’t fair.  I have to ask them, whether or not the State of California pays you any refunds now or later has no bearing on whether we pay taxes or not.  The State of California follows that Federal government in that we are taxed on all worldwide income earned while living in California, with the usual exceptions and rules about paying taxes to other states, etc, etc. 

People forget that when they don’t have money to pay taxes they work out payment plans and agreements with government agencies themselves.  Once in a blue moon I don’t have any issues with the self-same agencies turning around and working out payment plans with us. 

Besides, the whole mess is due to mismanagement of money and running out of it.  If the subject bugs you, please write your State representatives and get on our Governor’s case.  Make sure you suggest they find other avenues of revenue generating like bonds, etc.  We don’t need cutting of services in health, education and special needs like they always seem to go after first.

This is a good time to go after our representatives since it is a new time for a new Federal administration and city elections are starting to come around again as well.  Make sure that you tell your candidates and representatives that their jobs “warrant” that they look after your money, any refunds and programs or else they won’t get the job!

Remember that normal life rules of engagement apply.  Try not to count on any refund money at this point if you can as part of your budget, even if you have planned for it already.  If you can’t change your plans, be patient because as I stated earlier, the decision hasn’t been made as to what to do.  For the record, State employees are being forced to take days off as well to cut down on costs to try to save money as well.

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale. If you like poker, Heroes (the TV series), comic books, Watchmen, etc, there may be some fast links to get you to what you are looking for.

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

  

Kim Isaac Greenblatt

 

State Warrants and Other IOU Questions

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Self Publishing and Self Realization and The Depression Word

Thursday, August 21st, 2008

I have just finished the edit for my next book, Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement.  As I start the post production process and the cover generation I realized that I used the “D” word in the book.

That’s right, I said it.  Depression.

Back in our great-grandfathers or for some of us, grandfathers day, in the 1920s, there was what they called the Great Depression.  The problem back then was that banks had over-extended themselves because of bad investments in the stock market and speculation.  In this day and age, we are hearing daily of more and more financial problems due to the housing bubble popping.

This is the time to start looking to how to make money during a depression.  It may not be another Great Depression but with inflation rising, interest rates flat, Home Equity loans frozen and the next shoe to drop will be credit card companies freezing lines, it is time to get income and expectations in line for the immediate future.

What will sell?  Well, I suspect my book will have brisk sales if I keep the price at the market friendly $15-20 range (it will probably go for $15 retail before online bookstore discounting) and people continue to look for extra ways to make money, invest their money and work to get out of debt. The price point for non-fiction is generally between $12-25 depending on the book and content.

Did I have some other self-realizations? Of course! Let me share my realizations with you, dear reader.

Look for businesses you can start or continue that will help people save money, something that they can do that will save their homes, put food on their plates.  This is going to be a rough ride for all of us and if the economic forecasts look true, it may be two to four years for the U.S. to get out of the slump.

In terms of investments, I would watch very carefully what I would be putting my money into because for at least the next few months, there is going to be turmoil with looming military conflicts on the Russian border, uncertainty over the Presidential elections and the bottom of the financial markets meltdown may not be over yet. I invite you to do your own financial research and come to your own conclusions.

Here is an important reminder to people starting a business in the coming months or years. People will still pay for something that they think they will need, so marketing will still have some affect. The reality is that they will not be able to go into debt anymore to buy the item they want so they will have to wait patiently and longingly like a kid looking at a new video game in a store window.

From what I understand, in some of the hotels in Macau, the island off of China, the big casinos do get a lot of people but a lot of them just come over with their bagged lunch and sit and look at the slot machines and gaming tables. That is shockingly similar to state line casinos here in the United States between California and Nevada. It means that just because there is something marketed attractively to a customer – and there is nothing that screams marketing like a slot machine – that doesn’t mean that they will have the money to use it.

Maybe they need to have lower cost slot machines or table limits at some of the casinos in Macau to accommodate their poorer players. Maybe the casino builders and owners are discovering that even high rollers and whales go through their own financial depression and not have enough money to go play at the casinos. Time will tell and for now, that is outside of my pay grade, folks.

The take away from this is that personal depression may result from financial depression but if you are aware of what is happening you can plan accordingly for it by adjusting your income expectations and turn your depression into a great self-realization impression!

Good luck to you and may you be profitable, happy, healthy and safe in all your ventures.

Part of all my book proceeds go to research finding a cure for Rett Syndrom and reversal of symptoms.

Kim Greenblatt

Questions or comments? Let me know about them! Thanks for taking the time to visit and for more information or to get back to the beginning of the blog, go here.

Kim Greenblatt, in his blog, profitable, dares to use the “D” word for the next few years financially-depression and changes it into a self-realization impression!

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