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By Kevin M
OK sports fans, The Big Game is over; it’s time to get down to real life. That means OUR lives, and not the ones of the stars on the field. Got a few pounds to lose? There’s no better day than today to get to it. Why?
I can think of seven reasons:
Continue reading 7 Reasons Super Bowl Monday is THE Day to Start a Diet →
By Kevin M
One of the most compelling reasons for owning a home is the heavily touted tax benefit owing to deductions for mortgage interest and property taxes. Real estate agents will play this benefit for all it’s worth in extolling the idea of homeownership for all.
However for three reasons, this benefit is not what it used to be: a generous standard deduction, low mortgage rates and low marginal tax rates.
The tax benefit of homeownership became an entrenched concept back in the 1970s and early 1980s and at that time it had overwhelming merit. Mortgage rates were in double digits most of the time, marginal tax rates ran as high as 70% and standard deductions were down in the low thousands. Owning a home made major sense even for moderate income earners and was an article of faith in the higher income brackets.
None of that is true today, yet the tax savings pitch remains. Standard deductions can exceed $11,000, interest rates are down around 5% and marginal tax rates cap out at 38% (but are substantially lower for the vast majority of households). Yet the notion of major tax savings remains almost unchallenged.
Continue reading Tax Benefits of Homeownership – Three Reasons Its Over-rated →
By Kevin M
Recently on OutOfYourRut I’ve been writing a series of posts centered on employment alternatives–self-employment, side businesses and soft employment (part-time, temporary or contract work). The purpose in discussing these alternatives is based on my belief that the weak employment environment we now find ourselves in may not be temporary, and longterm changes need to be implemented in order for us to survive in a job market that may look very different from what we’ve know for most of our lives.

( Photo by Phil Campbell )
Though connecting employment weakness to the recent recession is the standard line, doing so fails to give proper recognition to longer term trends which have had an even greater effect on the job market than we assume. Globalization, advances in technology and rising healthcare costs have marginalized much of the labor force in countries such as the United States. While technology has been eliminating jobs at home, wage arbitrage has been taking place globally, in a competition that high wage/high benefit labor bases, such as that of the U.S., are at a competative disadvantage versus low cost/unbenefited work forces in third world countries. We can protest that it’s unfair competition all we want, but it’s also the reality of our time.
Though the evidence is all around us, I stumbled upon a recent article that addresses the longer term job outlook more directly.
Continue reading Jobs and Careers That Aren’t Coming Back →
By Kevin M
Unstable employment may be here to stay. 10% of the work force is now unemployed, and millions more are under-employed, working at temporary or part-time jobs. By some indicators the economy is showing signs of recovery, but globalization, advances in technology and rising healthcare costs have been gradually cutting away at employment long before onset of the Great Recession.
In Multiple Income Streams to replace One Man-One Job?, we discussed different options to deal with the increasing unreliability of permanent, full-time, fully benefited jobs. Starting a side business is at the center of that discussion.
Continue reading Starting a Side Business – Why Now is the Time →
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General: Any information in regard to money, credit, personal finance, or in regard to any other monetary topic, provided or shared on OutOfYourRut.com is presented for information and entertainment purposes only and does not constitute financial advice. It is intended to provide general information only and does not constitute personal financial advice in regard to your specific circumstances...MORE-->
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7 Reasons Super Bowl Monday is THE Day to Start a Diet
By Kevin M
OK sports fans, The Big Game is over; it’s time to get down to real life. That means OUR lives, and not the ones of the stars on the field. Got a few pounds to lose? There’s no better day than today to get to it. Why?
I can think of seven reasons:
Continue reading 7 Reasons Super Bowl Monday is THE Day to Start a Diet →