Russ Dalbey's Blog

In the next weeks, some of you will be getting a tax refund back from the government. Whether your check is for a large amount or not, that financial gain – any financial gain, really – needs to be considered carefully.

What is the best and most lucrative investment? Where is the smartest place to put your bonus cash? Do you immediately put it back into your business to help it grow, pay off some nagging bills to stop paying interest, or open a savings account?

Click on this article by Michelle Singletary, personal finance columnist for The Washington Post. She has some informed and practical advice for anyone in this situation:

Make Wise Use of Windfalls article

Warmly,

Russ
Founder of Winning In The Cash Flow Business
Dalbey Education Institute

P.S. If you’re not getting a refund at all, that’s not necessarily a bad thing if you’ve invested some of your income wisely all throughout the year. If you are receiving a very large check, that implies that you could have been earning interest on that part of your paycheck all along – and Uncle Sam won’t pay you a cent of interest on the money you “loaned” him all year.

Founder of Winning in the Cash Flow Business