TGIT… Thank God It’s Today

Four Questions…
That will help you achieve the happiness and success you deserve
Wow, another year is ending. What kind of year was it for you?

Most people won’t make the time to pause and reflect on how their year has been.  Here are some simple questions to get you started. I encourage you, and challenge you to make the time to ask yourself these four questions:

  • What should I do more of? – Look back on the things that you did that you are proud of. The important things that really, truly added value to your life and the lives of those around you. These are the things you want to focus on and do more of next year.
  • What should I do less of? – These are the things that you did that were trivial, like: watching TV – texting – emails – surfing the web – shopping – etc. These are things you probably will not eliminate, but perhaps you will decide to not spend as much time doing them. You will focus more on the meaningful things.
  • What should I start? – What are the things that you have heard about, read about, or learned that you know will add value to your life. Create your plan to make these things happen next year… and make them happen!
  • What should I stop? – This area is critical to your happiness and success. You must reflect on the things that you are doing that add no true value to your life and stop doing them! They are the things that have a negative impact on your health, your happiness, and your success. As a matter of fact stopping these things will benefit you beyond your beliefs.

I recommend that you create a habit of doing this on a weekly basis next year (This could be one of those things you learned that you will start).

In addition, I have included some very thought provoking questions that I wrote about back in January. I hope you will make the time to go through all of these questions and reflect on your answers.

  1. Why do you do what you do, when you know what you know? (For example: smoking, not exercising, overeating, not getting enough sleep, etc.)
  2. Would you want to work for a boss like you?
  3. Would you want to have a friend like you?
  4. Would you want a partner (or a husband, wife, boyfriend, or girlfriend) like you?
  5. Are you holding onto something you should have let go of a long time ago?
  6. Why are you holding onto it? Why can’t you let it go?
  7. Are you more worried about doing things right, or doing the right things?
  8. What are the three things for which you are most grateful?
  9. What is your greatest fear? Has it ever come true?
  10. When was the last time you felt truly passionate about something?
  11. Would you rather lead or follow?
  12. What would you dare to do if you knew you could not fail?
  13. Are you an eagle or a duck?
  14. How about your closest friends; are they eagles or ducks?
  15. Who is ultimately responsible for your happiness and success?
  16. Do you take ownership for your actions? Or do you blame others?
  17. What would you do differently, if you knew you would not be judged by others?
  18. If you learn from your mistakes, then why are  you afraid to make them?
  19. Be quiet for a moment. When you breathe, do you fill your abdomen or your chest first? (Look at a newborn to see how you’re supposed to breathe.)
  20. When was the last time you took a leap of faith? What’s holding you back?
  21. Do you simply exist; or do you live life to the fullest?
  22. If not now, then when?
  23. When someone speaks with you do you truly listen, or do you just hear what they have to say?
  24. What is the one thing you would most like to change about you?
  25. What is the one thing of which you are most proud?

Sometimes we get so caught up in this fast paced, information packed world; that we don’t make the time to reflect on who we are, and what we truly value. I hope these questions will provide you with a few moments of reflection and insights that will help you grow.

Remember… Every day is a gift, and the quality of your life is your gift to yourself.

 by Barry Gottlieb

Section 179 Update

UPDATE: 12/11/2014 Senator Nelsons’ office in DC. They do expect Tax Extenders bill to be voted on this week. No exact date and time set yet. Defense bill took priority today.

Tax Extenders which includes Section 179 and allows for equipment/property to depreciated in 2014,  is expected to be voted on at any time. Seems there is far more important items on the agenda than a bill that could help the 75% of small businesses that help employee 75% of the people in this country. Sales are slow while buyers and sellers wait to see if this will be voted on to increase Section 179 to it’s limit of $500,000, for the much needed tax breaks for everyone from farmers to IT companies. AG Web news which is following this daily for farmers, dairy and other food processors is lobbying the Senators hard to pass the bill. All expectations is it will pass and the President will vote yes.

HR 5771, the bill to extend retroactively through the end of this month the 55 or so tax breaks that expired at the end of 2013, has been “placed on the Senate Legislative Calendar.” That means it appears to be proceeding to a vote, though I find nothing on when that will happen. Tax Analysts reports that outgoing Senate Majority Leader Reid says he will take up the extender bill ” after finishing work on a defense authorization bill and a government funding measure.” Meanwhile, the President has threatened to veto a separate attempt to permanently extend three charitable breaks in the extender bill, including the break for IRA contributions. While that’s bad for those breaks, it implies that the White House will not oppose HR 5771’s one-year extension.   Because it looks as though the “extender” bill will clear the Senate, taxpayers looking to add fixed assets have extra incentive to get it done this year. The bill extends through 2014 — and only through 2014 — the $500,000 limit on Section 179 deductions and 50% bonus depreciation. These breaks allow taxpayers to deduct over half (bonus depreciation) or all (Section 179) of the cost of fixed assets that are otherwise capitalized, with their deductions spread over 3 to 20 years. Taxpayers should remember that it’s not enough to order or pay for a new asset by the end of 2014 to qualify for these breaks. The asset has to be “placed in service” by year end. A new asset doesn’t actually have to be used during the year to be “placed in service,” but it has to be ready to go. A new machine should be on the floor and hooked up, not just in a crate on the dock, or in a trailer on the way in, if you want to depreciate it. If the new asset is a vehicle, you need to take delivery to get the deduction. If the asset is a farm building, it needs to be assembled and in place, not in boxes on the ground.