Basics of tax deductions and tax credits
In your daily career, you probably have to think of every nickel and dime that goes into a project. You care when you’re dealing with a client’s money, but do you pay as much attention when it comes…
Paying Taxes on Stocks
Architects work hard for their money, but do architects do a good job at making that money work for them? Whether you choose to invest in real estate or a 401 (k), socking money away for retirement is…
Multiple Talents | Multiple Income Streams – Part 2
In part two of this Multiple Talents, Multiple Income Streams series, The Wealthy Architect will lay out the next set of reasons why having additional streams of income is crucial for architects. In case you missed it, here…
Multiple Talents | Multiple Income Streams – Part 1
If swings in the economy or a global pandemic have taught us anything, it is that jobs in architecture and design are not safe. When a decline in the housing market occurs, most architects have income from only…
Architect Entrepreneurs aka Archipreneurs: Landlord Your Way To Wealth
Architects work hard for their money, but why work so hard to turn around and give that money away to the government? A great way for architects to work toward gaining long term wealth is a natural offshoot…
Architects: Don’t sleep on these 7 tax deductions
It’s that wonderful time of the year again..tax season. While this time of the year may not put you in the spirit like Christmas does, there are plenty of ways to put more money in your proverbial stocking…
Getting a vaccine for your car disease- Get rich by driving your $7,000 car
Do those new, shiny four wheels make you salivate and want to go spend $80,000 every four years? Architects often fall into the trap of convincing themselves that the car they drive equates to the respect that they…
Architects know what a bracket is, but do you know about your tax bracket?
When it comes to designing a building, you know how to put all the right brackets in all the right places. But when it comes to your money, do you know what tax bracket you are in? In this…
Architects are anything but marginal..except when it comes to taxes
When it comes to designing and creating, architects are effective and anything but marginal. But what about when it comes to paying taxes? In this article, we will discuss the differences between effective versus marginal tax rates. The…
Luxury is a money trap for the weak
Ever found yourself confusing those niceties for necessities? As an architect, you’re accustomed to creating stunning visuals and creating luxurious dream properties for clients. As you begin to collect little lavish items for yourself, the mindset starts becoming…