Why I Oddly Enjoy Paying Taxes

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Today is “tax day” – and in a minute, you’ll see why I happily wrote a large check to the IRS today (the reason is not what you would expect).

You see, in 2001 – I found myself millions of dollars in debt.

The interest rates I was paying on that debt were in the double-digits, and the only way I thought I could get out of it was working 7 days a week, every waking hour – just trying to get above water.

… and eventually, I did.

Turning a pile of debt into a multi-million dollar business.

But then I got comfortable.

Some may even say “fat and lazy.”

I stopped doing everything that made me wealthy – and I started to slip backwards.

I made a few bad business decisions, took unnecessary risks, and rather than taking the “smart route,” I tried the easy route and saw hundreds of thousands of dollars slip through my fingers like water through a sifter.

As if that wasn’t enough, I got a wake up call that still sends chills down my spine.

I can remember sitting down with my accountant, who looked me in the eyes and said:

“Well, Charlie, the good news is that you don’t owe any taxes. The bad news… you don’t owe any taxes and we’ve got a problem.” 

You see, I lost more money than I made that year (a lot more!).

And at that moment, I realized that I messed up.

I got up off my chair and made a commitment to myself: that I never again want to be in a situation where I don’t make enough money to owe any taxes at all!

That was a few years ago, and enough of a slap on the backside of the head for me to make some big changes.

So this year, when my accountant said to me:

“Charlie, the good news is that you’re income was substantially higher this year than it was last year. The bad news… you now owe the IRS a LOT of money!”

I fought the urge to give a huge fist pump in the year and exclaim: “YES!”

Yup, I’m one of the odd fellows who actually enjoys writing those large quarterly payments to the government – because it means I am making money.

So the next time you write a check to the government and cringe, saying things like: “I wish I didn’t have to pay any taxes.”

Just be careful what you wish for…

As far as I’m concerned, because you’re reading my blog (and especially if you’re an Insiders’ Club Member) – you’re already steps ahead for making this year an even bigger year than last

In your corner,

Charlie

what now?

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