A Word From Bob, 2015 Quarter 1 Newsletter :: Wamhoff Financial & Accounting

A Word From Bob, 2015 Quarter 1 Newsletter

2014 is behind us and we are celebrating a new year. From all appearances, it looks like a better year with employment improving and perhaps our government will actually do something positive. I figure they have done all they can on the negative side, so there is nothing left other than positive policy changes.

As a firm, we will be celebrating 40 years in business, and that is something I am very proud of! I had nothing when I started the business with a $5,000 loan from my mother, sold my home, moved into an apartment, and used the equity to survive the first year. It is amazing how many clients I still have from those first few years. I get along great with my clients and they are all generally good people. Ultimately, I wanted to sincerely take care of them as I was hired to do.

Do you remember some of the things that happened in 1975?
A company named Microsoft was born, Saturday Night Live premiered on NBC, the movie Jaws appeared on the “big screen”, the Vietnam War ended, and a First Class stamp was just 10 cents.

I continue to take on less tax work so I can concentrate on the nearly half a billion dollars in private investable assets we manage. I am committed to continue in the business for a long time, but my goal is within 3 years or so to begin to slow down. I presently spend around 50 hours or more per week working. I would like to cut that in half in the future.

Obviously this means eventually doing very few tax returns. I have assembled a very capable staff that I have been building over the years to take over a lot of the work that I do. But rest assured, I am not retiring. I love what I do! My father would have loved retirement, but died at age 62 of a heart attack. He guided me into not working in the trades so I could help individuals retire, and I love doing it.

I am very proud of my business, but the children in Honduras are the pinnacle of my achievements. We now have almost 200 children we feed, clothe, and educate. We have eight who have graduated from high school and they will all be taking the college entrance exam. Twelve years ago I would have been happy that the children did not die of starvation. While the work is not done yet, I will continue to stay active there as long as my body holds out.

Lastly, we have a run coming up on Saturday March 28th. Go to www.streetpartyrun.com to check it out. I am looking for 150 friends to commit $100 each to sponsor me in running the 5k (3.1 miles). This money will be used to send down a container of donated items that are desperately needed by this fall. I appreciate all of your support in helping me reach these goals. Have a great New Year and remember stay healthy, wealthy, and wise, and certainly stay tuned…