Well it's that time of the month again. It's time to calculate my net worth, and update readers with a review of my current financial situation and prospective outlook. So, after spending a few months overseas for personal family reasons, I've finally returned home. As the bulk of my online and so-called real life business operations are run and managed over email, instant messaging, and Skype, there was barely a blip on my small business operations while I was away. In fact, despite me not even being in the country to run things for much of the last few months, the month of May still saw a pretty healthy bump up in income (as reflected by the significant increase in total assets), thanks primarily to the acquisition of several new legal clients and online affiliate partners. As my total net income is comprised of several income sources to form a diversified base, I've fortunately avoided much of the devastating carnage leveled by this ongoing economic recession. Only time will tell whether this healthy income streak will be able to continue for the foreseeable future at its current rate - however, I remain hopeful despite my cautiously bearish nature of late.
Thus, as far as I can tell based on current projections and observations, the only significantly damaging element that has the foreseeable potential to hurt me financially in a big way - is higher federal and state income taxes. Hopefully President Obama will play nice and leave existing federal tax rates alone and notRead the full article »