Ron Caruthers (@roncaruthers) header
Ron Caruthers (@roncaruthers) profile picture

Financial Morpheus. If you've been lied to about money your entire life, when would you want to know? I teach you the truth about your money and taxes.

Check out my pinned tweet.
Joined September 2008
1. I work in financial services, but with a unique approach: I help people find money they're losing.... unknowingly AND unnecessarily. There are only 3 ways someone can be of service financially: First, you can help someone earn more money by leveling up their skills.
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Ron Caruthers retweeted
Make the universities liable for student loans. Will see a change in behavior very quickly.
Our federal student loan system is allowing financially iIIiterate students in their early 20s to take on up to $200,000+ in debt. And that debt cannot be discharged in bankruptcy. These degrees often have a pathway to very mediocre careers of $40K/year.
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Everyday, I understand Clint Eastwood's character in Gran Torino a little more.....
Parents should ask babies for ‘consent’ before changing their diapers: experts trib.al/Yte0x57
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I've been saying for years that the cost of college started to skyrocket literally the day the federal government starting offering PLUS loans. Will be interesting to see if undergraduate colleges follow suit now that PLUS loans are capped at $65,000 per student.
Earlier this year the Trump Administration capped federal PLUS student loans at $50k/year. Recently, Santa Clara School of Law announced a scholarship for all admitted students that will cut tuition from about $65k/year to…$50k per year. Subsidizing demand for degrees only let schools raise prices forever to enrich themselves and rip students off. As Charlie liked to say: College is a scam. But we can make it less of one. It’s high time we burst this bubble.
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Lotteries are a tax on the poor. The lowest earning households spend 6-13% of their annual income on them/ The highest earning: less than 1%. And lotteries are huge business: more than 113 BILLION in 2024. That's almost $310 MILLION a day.
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Lotteries are a tax on the poor. The lowest earning households spend 6-13% of their annual income on them/ The highest earning: less than 1%. And lotteries are huge business: more than 113 BILLION in 2024. That's almost $310 MILLION a day.
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Tax Savings PSA: If you live in CA and have a partnership or S Corp, please pay attention. Today is your LAST day to get started with the Pass Through Entity Tax and the savings it generates. Which can be huge.
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Basically, it allows you to pay your state and local taxes from your entity rather than personally, and then its a deduction to the business to avoid the $10,000 cap. Google it if you need to, but do it today!
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This kid is all of us......
NORMALIZE GOING THROUGH YOUR TEENAGER'S FIRST PAYCHECK DEDUCTIONS... nitter.cf/ShawnOnTheRight/status…
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Fact check: true. 👇🏻
If the IRS gives you bad advice, because even they don't understand the entire tax code, you are still liable for penalties.
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If you haven't filed your 2021 taxes, you might be owed a refund that you won't be able to claim unless you file today. The IRS states that 1.1 million taxpayers haven't filed and are owed over a billion dollars.
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If you live in California, there are still 116,000 that haven't filed that are owed almost 100 million. Plus, you can still claim the Covid-Era Recovery Rebate Credit worth an additional $1,400 and possibly an Earned Income Credit worth up to $6,728.
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But, the deadline is TODAY. After that, the money reverts to the US Treasury and you are out of luck. So, if you haven't filed, you need to take care of this today. Most tax professionals, myself and team included, won't have the time, so use a filing service or IRS free file.
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Days like today in the markets are a good reminder of why you don’t want to have all your money in them. Especially the closer you are to retirement.
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A goal without a plan is just another piece of paper.
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Most of life is on the job training. Just listened to the CFO of a $2 billion dollar company with an MBA, BSE in finance and a BAS in engineering discuss how day one they told him to forget everything he learned in school.
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Are you about to miss out on up to $32,200 in tax credits? If you filed a schedule C or F in 2021, you might be. There is a little known tax credit that is like ERC for business owners, but you have 2 weeks left to claim it! You can learn more here: setc.lendesca.com/applicatio…
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‘Why are my taxes so high, Ron?’ Answer: 👇🏻 Be sure to read through to the ‘leased a BMW with a government credit card’ part.
One of the 7 federal agencies shuttered by DOGE on Friday is the most DOGE-able agency of all time. FMCS (before the pandemic!) had a 9-story K Street tower for 60 employees. Its halls were lined with oil paintings of those employees, and other art purchased from the boss's wife
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This abuse even shocked me, and I’m pretty jaded.
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Absolutely shameful that ANY public servant would actively root for a stock to tank to 'own' the other side.
If you need a little boost during the day, check out Tesla stock 📉
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At age 17, she was rejected from college. At age 25, her mother died from the disease. At age 26, she moved to Portugal to teach English. At age 27, she got married. Her husband abused her. Her daughter was born. At age 28, she got divorced and was diagnosed with severe depression. At age 29, she was a single mother living on welfare. At age 30, she didn't want to be on this earth. But she directed all her passion into doing the one thing she could do better than anyone else. And that was writing. At age 31, she finally published her first book. At age 35, she released four books and was named Author of the Year. At age 42, she sold 11 million copies of her new book on the first release day. This woman is J.K. Rowling. Remember how she considered suicide at age 30? Harry Potter is a global brand worth more than 15 billion dollars. Never give up. Believe in yourself. Be passionate. Work hard. It’s never too late. She is J.K. Rowling
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