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DON’T FORGET TO PAY THE GOVERNMENT—ON TIME

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This goes for IRS taxes, property taxes, state taxes, speeding fines, parking tickets, automobile
registrations, and anything you owe to the government. So many people have gotten themselves into
financial (and legal) trouble by either ignoring or delaying their government financial obligations.
If you don’t pay the IRS, or you don’t properly prepare your taxes, the IRS will come after you. If you
don’t pay your parking tickets today, some day you will pay a much larger fine. If you don’t pay your
speeding ticket on time, you will pay significantly more to get your license back.
More importantly, in the long run, you will spend hours of wasted time delaying these payments, and
we all know that time is money.
Of course, in all of the above instances, I’m referring to cases where you legitimately owe the
government money. If you feel you don’t legitimately owe the money, then go through the proper
channels to defend your case.
Just remember, sometimes you’re better off paying a fine rather than fighting it. Pick the right
principle to stand on. For example, if you don’t agree with a $20 parking fine, don’t spend $100 in
time and money to fight it.
Combining the last two principles, you should clearly understand that paying what you owe—on time,
every time—makes very good financial sense.

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