You may have heard about the new way that the IRS will be monitoring income from “side hustles” and such. Another example of government continuing to grow larger and larger and get involved in every aspect of your life. This will affect me as well as I sell things on this website and will have to look at the financial implications of this new reporting. The bottom line for me is there are millions of people out there with side businesses trying to get something going – and it will become more expensive to do so as well as provide a disincentive for people to even attempt to go into business for themselves.
I’d like nothing better than to take all my money out of the bank and do nothing but cash transactions. Unfortunately – at least for me – that is not realistic. As someone in the market to purchase land and potentially retreat property, bank financing will likely be required.
Watch the video and comment with your thoughts below.
Thx
Rourke
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