Professional Equities - January 2021

Professional Equities - January 2021

Insider Passive Residual Income The January2021 THEULTIMATEPASSIVERESIDUAL INCOME TM

- FROM THE DESK OF

Bill Moist

Construction Tour & Barbecue Demonstrates RV Parks Shortage Saturday, Nov. 14, 2020, the Construction Tour & Barbecue was held at Dallas Luxury RV Resort & Storage. The project is located 30 minutes south of Dallas on I-45, 1,250 feet north of the new Buc-Ee’s in Ennis, Texas. Many current investors and guests witnessed the project’s progress. Everyone enjoyed the event and Buc-Ee’s barbecue. Two of the guests were scouting out RV parks for a team of technicians who will be building plants for solar energy generation in our area. The company will need 20 RV parking spots. Not finding any availability, they asked when we would open. The picture shows a 40-foot shipping container that has been converted into an office with three large video screens inside. The large concrete blocks in the front are called gravity blocks, each weighing 2,200 pounds. They will be used to build a retaining wall along the creek on our north side.

When it comes to fulfilling our dreams, there’s a lot that could distract us from those goals. Unfortunately, for hundreds of thousands of people, 2020 was one large distraction. Over the course of every hardship last year, many people may have lost sight of their dreams. Yet, even if you’ve lost sight of them, I want to encourage you to not give up on the dreams you have. Jan. 13 celebrates Make Your Dreams Come True Day. I know that this holiday might seem like it’s telling people to accomplish their dreams in a day, but that’s not what it stands for. I believe this is a great holiday as it reminds us that our dreams are not only important to us but that we should keep trying to achieve them. It serves as a starting point. As we leave 2020 behind, and look to the future, it’s a perfect time to turn our thoughts to those dreams once again. A dream is an idea — but it can’t stop there. If you have a dream you want to achieve, it’s time to get serious. Doing what you can to make sure your dream becomes a reality might be difficult. Often, it requires the right mindset, determination, and planning to get started, but once you do, you’ll be on the right path to accomplish goals. Even the most difficult dreams can come true by taking these steps. The most important step in accomplishing any dream is to plan. Planning not only gives your dream a more concrete feel but it also allows you to get an idea of how long it will take and what you might need to succeed. Whether that’s taking a vacation to another country, starting up a business, THE FUTURE IS BRIGHT AND PROMISING DON’T GIVE UP ON YOUR DREAMS

Information packages are available upon request.

–Bill Moist

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or writing a book, getting that first rough idea will help you in the long run. Even with the pandemic, you can still plan. If you want to travel, now might be the perfect time to start saving, so that when traveling restrictions are lifted, you don’t have to worry about money. To get started, set some time aside to think about what your dreams are and start on a plan. I know that’s easier said than done. I have a hard time getting some free time in my own schedule, but what I’ve found that helps is to actually account for that planning. If you use a scheduling app, or even Google Calendar, to keep your day straight, open it up and find some time where you aren’t so busy. That could be in a week, even two weeks — no matter when that gap in your schedule is, jot down some time so you can plan for your dreams. Even if you can only spend 5–10 minutes on it over several days, it’s still better than no planning at all. The thing about dreams is that they aren’t overnight successes. Dreams like these can happen, but they are very rare. Usually, to accomplish things, it takes time and effort. All dreams can evolve from a figment of an idea and become a reality; all it takes is that first step.

As we enter into 2021, I want to encourage everyone to rekindle their dreams and make them shine.

3 Cool Airports That Will Leave You Begging for a Layover

While travel has been down over the past year, people still have places to be and things to do all over the world. Air travel is still very much alive, and many carriers have adapted to the global situation. While travel numbers may be down, one thing hasn’t changed: Countless travelers still find themselves trapped in airports for hours on end waiting for their next flight. But not every layover is something to bemoan. Take a look at these three airports worth getting stuck in. Incheon International Airport (ICN) About a 30-minute drive from Seoul, South Korea, ICN has become something of a cultural hub for the nation. If you’re on a long layover, it’s remarkably easy to hop over to Seoul, but if you have a short layover, don’t worry. ICN brings Seoul to you! While you wait for your flight, you can immerse yourself in the local culture by attending a performance or K-pop concert or visiting a museum. If it’s physical activity you’re looking for, play a round of golf at the golf course or go ice skating at the rink! Dubai International Airport (DXB) This airport is one of the biggest and busiest in the world, but it is also one of the most spacious. Many travelers remark upon how open and airy DXB feels. But what really sets this airport apart are the amenities. In short, this place knows rest and relaxation, and they do it in utmost luxury. You’ll find spas, gyms, swimming pools,

zen gardens, and more. It also boasts the fastest, most reliable Wi- Fi in the world.

Singapore Changi Airport (SIN) This airport is packed with restaurants and shops. You’ll find something for every appetite, as SIN offers cuisines from all over the world in one place. But as impressive as the restaurant selection may be, the crown jewel of the airport is the indoor jungle. Here, you’ll find the world’s largest indoor waterfall surrounded by a lush forest. Behold and explore this unique site while you wait for your next flight.

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New Tax Rules for Charitable Contributions in 2020 Don’t Forget the CARES Act’s Special Bonus!

Many people tackled deep-cleaning projects while spending more time at home last year. If your cleaning spree ended in donating items to a local charity, or if you donated funds to help local organizations supporting pandemic relief, you can look forward to some tax breaks! To feel confident in claiming them, here’s what you need to know about filing your 2020 taxes, including some unique additions from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Itemized vs. Standard Deductions When filing your taxes, you’ll need to first decide whether you want to itemize your deductions or take the standard deduction set by the IRS. Even those who cannot claim other tax credits or breaks qualify for the standard deduction. However, if you do have qualifying deductions and they add up to more than the standard deduction, it’s smarter to itemize your deductions.

Take note that the standard deduction was increased in 2020 because of the CARES Act. In 2019, the standard deduction for a single person was $12,200; in 2020, it’s $12,400. For those who are married and filing jointly, the standard deduction was $24,400 in 2019 and $24,800 in 2020. And the standard deduction for heads of household in 2019 was $18,350 and it’s $18,650 in 2020. Deductible Contributions If you choose to itemize your deductions, almost any gift to a qualified charitable organization can be deducted against your taxable income. It’s very important to keep records of all your contributions. According to the IRS, when donating items to a local charity like the Red Cross or Goodwill, the deductible value equals the fair market value of your items.

to public charities are now 100% deductible instead of 60%. However, this doesn’t apply to private foundations. An Additional Charitable Deduction If you choose to take the standard deduction rather than itemize deductions on your 2020 tax return, you may qualify for a new dedication courtesy of the CARES Act. If you donated to a qualified charity before Jan. 1, 2021, you can deduct up to $300, for single filers, or $600 per married couple. The CARES Act can save you hundreds of dollars on your 2020 tax return. Use this guide to navigate the upcoming tax season. Happy filing!

If you made cash donations in 2020, there is a special rule to be aware of: Donations

Take a Break!

SLOW COOKER Chicken Casserole

Inspired by SimplyRecipes.com

Ingredients

Directions

• 8 chicken thighs or

1. In a large frying pan, heat oil and fry salted chicken on high until brown. 2. Transfer chicken to the slow cooker. Add flour and stir. 3. In the frying pan on high heat, fry the onion, celery, carrots, leeks, and potatoes until lightly browned. Add garlic and fry for 30 seconds. 4. Transfer vegetables to the slow cooker and add the stock, rosemary, and lemon zest. 5. Cook on high for 2.5–3 hours or until chicken is tender. 6. Check seasoning and add lemon juice to taste. Top with parsley before serving.

drumsticks, lightly salted

• 1 tbsp olive oil • 1 tbsp all-purpose flour • 1 onion, finely sliced • 2 celery sticks, thickly sliced • 2 carrots, thickly sliced • 1 leek, thickly sliced • 1 lb potatoes, peeled and cut in large chunks • 2 garlic cloves, sliced • 14 oz chicken stock • 1 sprig rosemary • Finely grated zest and juice of 1/2 lemon • 1/4 cup fresh parsley, finely chopped

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INSIDE THIS ISSUE From the Desk of Bill PAGE 1 Make Your Dreams Shine PAGE 1 The Best Airports to Get Stuck In PAGE 2 How to Deduct Charitable Contributions on Your 2020 Taxes PAGE 3 Take a Break PAGE 3 Slow Cooker Chicken Casserole PAGE 3 How to Find Your Flow in 2021 PAGE 4 Professional Equities, Inc. BILL 7CF

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How to Find Your Flow in 2021 Is Deep Focus the Secret to Success?

Why are high achievers obsessed with flow? Flow state doesn’t only happen for people with desk jobs. You can get it while running, playing chess, dancing, or climbing a mountain, and it’s considered the Holy Grail because it has a host of benefits. According to the meditation app Headspace, those perks include heightened focus (goodbye, distractions!), a sense of clarity, feelings of happiness and pleasure, and the impression that all obstacles ahead of you have disappeared. That makes accomplishing your goals feel like less of a struggle. It’s no wonder high-achieving hobbyists, workers, and creatives crave the feeling! How can you get in a flow? Usually, a flow state isn’t planned — it just happens. In a BBC article, author Steven Kotler describes flow as “a happy accident.” But he also notes that we can

Have you ever started working on an important project and looked up at the clock after what felt like minutes only to find that hours had passed? If you have, you’ve probably experienced “flow state,” aka the Holy Grail of concentration and achievement. What is a flow state? Psychologist Mihaly Csikszentmihalyi describes a flow state as a “focus that, once it becomes intense, leads to a sense of ecstasy, a sense of clarity: you know exactly what you want to do from one moment to the other; you get immediate feedback.” That sounds complex, but you can also think of flow as being “in the zone.” And it might be the key to achieving your New Year’s goals. That’s because a flow state almost always coincides with tackling a difficult task, and when you’re in a flow state, even the most challenging things feel relatively easy.

make ourselves “more accident-prone.” To set yourself up for a flow state, find a quiet place to work and choose an activity that’s difficult but meaningful for you. Ideally, it should be something you’ve already put work into perfecting. If you’ve never tried painting before, you probably won’t find flow on your first attempt, but an experienced painter could achieve it while mastering a new technique. Some people claim that being in a flow state is a form of meditation and that learning how to meditate can help you reach it. To that end, apps like Headspace and Evenflow (for iPhones only) are great places to start! Before you know it, you’ll be finding the flow like a pro.

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