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How Can I Retire Early And Increase Wealth?
By Richard Grassi
February 2012
In the event that you are retired or in the vicinity of retirement, you have almost certainly been furnished the identical useless help and advice coming from your financial counsellor or from books you read. You should always invest based on your maturity. You utilize your precise age as a percentage to put into bonds and the remainder into stocks, or perhaps some into something real, like gold or silver. This might be the dependable way to invest your retirement revenue!
Exactly how would this particular recommendation worked for your needs the last ten years? Definitely not very well! Only gold or silver would have gained. You would have wasted money in the stock market and your bonds rate of interest would have been very low. If you are retired and expected to use the interest bucks from your bonds as supplemental revenues, you would be hurting and possibly having to plunge into your savings.
All financial planners give the same futile information. It doesn't assure you your retirement savings are safe - it simply creates money for your financial manager. By utilizing the same exact stereotype planning tips and advice, they safeguard themselves from litigation due to the fact they are simply following so-called expert industry advice.
If you want to retire early and become rich, or for those who are retired and would like to augment per month income, you Need To 'think outside the box'. You must realize the simple truth about Banks, Wall Street and Big Government. These people are all working AGAINST your needs! Banks only just are concerned pertaining to their money, not your retirement revenue stream, and the same with Wall Street. And regrettably the government only cares about bailing out the Banks and Wall Street.
A few years in the past I grew very much tired and hopeless of struggling to augment monthly income and end up wealthy by applying Wall Street guidance and/or system sellers' so-call trading software. I got sick and tired of the gut-wrenching suffering whenever the market did not go in the direction I hoped for. And then the pressure of trying to make the decision if I should really close my position or not. More often than not, I remained in a little too long and burned substantive money.
Happily, one day the light went on - NOBODY knows which direction the market will go! These types of people pompously assert they do or their system really does, but it doesn't. Whenever these people speak regarding the sizable gains, they don't tell you that it rarely takes place and you will have a good many more losses than wins!!! So rather than struggling to guess the direction of the market, SELL to those who presume they comprehend the market direction. As men and women in the event we invest or trade, we all are driven by 2 feelings - fear and greed. These two really strong feelings allow us to carry out bad moves and waste funds! And those people seeking to forecast the direction are extremely affected by FEAR and GREED!
After spending quite a few months understanding the stock market's background for the recent 25 yrs I found that the most ideal method to ensure a solid money flow of 10% per month was going to be to SELL selected option techniques to men and women who reckoned they knew which way the market was going. By RIGHTLY utilizing the Iron Condor option system you are able to make an average of 10% every month and only need 2 - 3 hours each month of your time.
What this signifies is that if you begin with $3500 and produced 10% per month growth, in 5 years you would have one million bucks (Use any compound interest calculator to verify this). Or if you are retired, you can easily increase your personal monthly revenues by ten% of your retirement nest egg. And the genuine beauty of this particular method is that you will make 10% per month ninety six months out of A HUNDRED. The remaining four months you will break even. If you place your savings in a ROTH IRA, you will Never Ever pay taxes on your gains. In Addition there is no requirement to withdraw any funds from your personal ROTH account as soon as you reach 70, like there is with a Traditional IRA!!!
The important point is that NEVER heed Wall Street, Banks or Financial Advisors, they simply have their self-interest at heart!
Richard Grassi has BSEE from USC, MBA from U Texas. He has taught his family/friends for years how to increase income and build wealth with his Simple 3-Step System. YOU CAN eliminate money problems and become wealthy.
BOOKS AVAILABLE 2011
BLACK HISTORY MONTH QUOTE
"Our nation is a rainbow-red, yellow, brown, black, and white-and we're all precious in God's sight." -
Jesse Jackson
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3 Steps To Financial Security
By John Anghelache
February 2012
Unless you're born with a "silver spoon" in your mouth you'll probably have to work to achieve your dreams.
In the current economy, financial security is at a premium. Record unemployment, bankruptcies (both personal and business), a housing slump that continues to stall economic growth and a rather gloomy consumer outlook is keeping the majority of Americans wondering if their financial situation will ever improve.
Here are three things you can do to gain a toe-hold on financial security:
One: Make yourself more valuable to your customers or employer. If you run a business (providing a service or product) one of the most important things you can do is offer special deals, incentives and added-value bonuses to customers. Work your "house list" consistently with product and service offers that benefit the customers.
A simple way to do this is to customize product and service offers to niches within your customer base if it makes sense. For example, if you sell insurance, maybe you can niche an insurance product offer just to all the clients on your list who are police officers... or dentists... or whatever.
If you're an employee, you can make yourself more valuable by providing the business you work for with what all businesses need more of: more customers, more sales and more profits.
You could, for example, find out what product or service sells best. Then find other non-competing businesses you can form joint ventures with. And sell your company's wares to their customers.
Deals like these are done all the time. And they result in extra profits. You can negotiate the deal and get a cut of the profits.
Two: Spend money more intelligently. This may sound obvious but if makes no difference how much money you make if you can't keep it.
Countless news stories have appeared about wealthy people lived beyond their means and ended up broke. The smart thing is to live below your income but within your needs. Make this step a habit and you'll always have at least some money available for a rainy day.
Three: Change your consciousness (a.k.a. your thinking) about money. People who enjoy security and success with money "think" differently than people who struggle. The quality of your thinking determines the amount of money in your bank account. So it's critical to learn how to "think" about money.
Probably the most impactful thing you can do is dump out all your negativity about money. That includes bad money habits, limiting beliefs and feelings of insecurity.
The more you purge your consciousness of the self-sabotaging thoughts you have towards money the more easily money will flow to you.
John Anghelache writes about a simple process called "releasing" that can help anyone achieve Financial Security or any goal. You can read more about it by visiting
http://www.RemoveYourLimitations.com
NATIONAL FINANCIAL EXPERT HARRINE FREEMAN FEATURED IN FEBRUARY 2012 ISSUE OF WOMAN'S DAY MAGAZINE
Harrine Freeman's book "How to Get Out of Debt: How to Get an ‘A' Credit Rating for Free"
BlackNews.com
February 2012
National financial expert, author, and Owner of H.E. Freeman Enterprises, Harrine Freeman, was featured in the February 2012 issue of Woman's Day Magazine in the article entitled "Put Your Debt on a Diet".
Ms. Freeman most recently discussed Cell Phone GPS Tracking on CBS and was featured in Daily Finance in the article entitled "Great Recession Created a Historical Wealth Gap" based on the Pew Study Report: Wealth Gaps Rise to Records Highs Among Whites, Blacks, Hispanics. Ms. Freeman has also been featured in the Huffington Post, Forbes, Essence, Ebony and Black Enterprise Magazines as well as Market Watch, Nasdaq.com, NPR, CBS, FOX, NBC and ABC.
Freeman is not only the author of the best-selling self-help book How to Get Out of Debt: How to Get an ‘A' Credit Rating for Free, published by Adept Publishers but she was also a winner of the 2011 New York Book Festival. Ms. Freeman is a sought-after presenter at seminars nationwide on topics that include credit repair, establishing business credit, money management for individuals and couples, paying down debt and financial planning.
Freeman's Spring 2012 appearances include:
* March 24, 2012: Women in Business Summit 2012, 99 Lamberton Road, Travelers Claim University, Windsor, CT, 10:30am - noon
* April 8, 2012: KPSA Radio Show, Royal Palm Beach, Florida, 7:00pm - 7:45pm
Freeman's experience began by repairing her own credit. She was $19,000 in debt, making only $21,000 a year. Since then, she has been debt-free for over 10 years.
Visit www.hefreemanenterprises.com to find out more about H.E. Freeman Enterprises.
Buying a Tax Certificate: A Look at the Benefits
By Andrew Stratton
February 2012
If you've been getting interested in making a profit from real estate investing, you may have found yourself discouraged by a market that is far from stable. Fortunately, there are more ways to profit from the real estate market than simply buying and selling property. One of the ways that has proven highly profitable for many is buying a tax certificate from local and city governments that have placed a lien against a house. This situation can arise when a homeowner fails to keep up with their property taxes. The government steps in, places the lien, and this is willing to sell off the certificate to interested investors. This takes the delinquent tax problem off of the municipality and it gives investors the chance to either collect the taxes from the property owner or potentially take ownership of the property at a drastically reduced price.
Interest
When you buy a tax certificate, it not only entitles you to collect the back taxes on the property, but the homeowner will also be responsible for paying all taxes, plus interest and fees on those taxes. This is where investing in this type of lien can be very profitable. The money is all owed to the holder of the lien, which will be you if you choose to move forward with investment. The longer the homeowner takes to pay back the money, the more the interest grows. Most states have a redemption period that legally allows homeowners a set amount of time to repay the taxes, interest and fees due. Some investors even set up payment plans with the homeowner, which, if the homeowner chooses to make a minimal payment each month, can set the investor up to profit almost as a credit card company would.
The Deed
When you buy a tax certificate at auction, the homeowner will be responsible for paying you the money owed (all taxes, interest and fees) by a pre-determined date. If this obligation is not met, it will be within your rights to foreclose on the property and essentially take over the deed. Though you'll have to go through what is generally a rather lengthy court process to reach this point, you'll have essentially purchased a house substantially below market value (the cost of the certificate, plus fees and other costs accrued during redemption period and costs of the foreclosure process). This is an enormous opportunity for profit, even if you need to be ready for an extensive process in the meantime. There are companies out there that can help you expedite some of this process, particularly when it comes to the quiet title action you need to file.
If you're interested in getting into tax certificate investment, do your research. Liens go up for sale all the time, but it can be challenging to break into that world. Don't give up hope, however, as there are plenty of resources out there that can help you become an investor.
Purchasing a tax certificate sometimes seems to require a quiet title action. To resolve the title claims and bypass the court process, contact the professionals at http://taxtitleservices.com/.
Dealing with Explicit and Implicit Self Employment Taxes
By John V
February 2012
There are a number of different explicit and implied self employment taxes. From the other half of social security taxes that employers cover for their employees, to the extra effort accounting takes for single-person business owners who have to figure everything out as they go before they can begin to struggle through small business tax preparation, there's no denying that the benefits of being self-employed certainly don't come without a cost. Fortunately, there are tools and strategies to help mitigate each of these costs, the existence of which is due in part to other small businesses' commitment to improving opportunities for their breed of entrepreneur.
The first time a person has to face paying a higher tax percentage as a freelancer, self-employed, or owner of a one-person business compared to what they would pay for the same income with an employer, it can be a shock: more expensive health care, no free coffee, and higher effective taxes? The short answer is yes, that's just how it is. But, any self-employed person also has a wider range of options for business-deductible expenses, so things like the printer and computer at home, gas and wear on an automobile, and even part of utilities if the home contains a home office that is relevant, can all be deducted as business expenses. Many of these are the kids of costs that a person incurs without thinking about the fact that they're directly related to the self-employed business, so getting to deduct them from that income is at least a small way to lessen the blow.
GThe cost of accounting, usually paid in the form of hours spent learning to do something new and complicated, is an example of the implicit self-employment taxes people face. The easy solution is to get an affordable and intuitive bookkeeping tool and then let that do most of the hardest work. The best modern accounting software packages targeted at the new crop of very small businesses made viable by online payment portals and marketplaces like Etsy are designed for the layperson to access and use easily and effectively. The easier learning curve, coupled with customizable automation to do things like filter portions of online transactions and create articulated profit and loss statements that even a person with no real accounting knowledge can understand and manipulate, turns this responsibility into an effective business tool instead of a painful black hole of time.
Self Employment Taxes Crop up in Many Ways. Having Effective Strategies to Address Them Is Crucial to Maintaining a Viable Small Business.
Use Financial Calculators To Realize Your Financial Goals
By Shaly Criston
February 2012
Online money calculators are a good way to keep your financial future in check. You can find these calculators for free online to determine things like your monthly mortgage payments, the amount of money you will need to save in order to reach a goal, or to compare loan and investment terms. As a result, these calculators can prove to be very worthwhile to just about anyone interested in planning and preparing for their financial future.
Types of Financial Calculators Available
There are many different types of financial calculators that can be found online. The one you choose will therefore be dependent on the task which you would like to perform. There are investment calculators, mortgage calculators, car loan calculators, retirement calculators, debt management calculators and credit card calculators. Based on this list you should be able to see that there is a calculator to suit just about any financial situation you may have.
Information Needed to Use Financial Calculators
The type of calculator that you choose to use will determine the nature of the information needed. In the case of loans, like your mortgages, credit cards and auto loans, you will generally need to enter the interest rate at which the loan will be charged, the amount being borrowed and the duration for which the loan will last. Other information will of course be needed in the case of a mortgage calculator.
Savings calculators like your investment and retirement calculator generally require the interest rate at which money will be earned, the duration for which you plan to save and in some cases the amount you plan to save, whether monthly, bi-monthly or yearly. In the case of retirement calculators you would need to enter additional information depending on the retirement scheme being used.
Benefits of the Financial Calculators
These calculators can be used to provide you with a wealth of information. For instance, if you a set financial goal, these calculators can be used to determine how much you need to save each month at a given interest rate for a set time period to meet your goal. This can greatly help you in designing your budget to meet both your present and future needs.
In addition, if you plan on purchasing a new house or car, you can use these calculators to help you decide the price range that you can afford. This will help to prevent you from choosing something that will only put you in debt. If you have credit card debts that you would love to erase, you can also use this medium to help you determine the amount you need to pay each month so as to completely erase your debt with time.
By using the different calculators available to you at http://www.financialcalculator.org you will be effectively making a difference in your financial future instead of just blindly putting money aside or making payments without knowing how it is affecting your goals. In addition, the calculators are very easy to use and allow you to play around with the numbers so as to determine the best terms for your situation.
For a wide range of financial calculators to suit all your financial needs visit financialcalculator.
What Is Income Protection Insurance?
By Brent Ford
February 2012
Becoming ill or injured is a very difficult process for many people. They struggle with medical bills and personal needs, while simultaneously being unable to leave the house or hospital to go to work. The injured party must then watch his family struggle to make ends meet while all he could do is to watch helplessly. Income protection insurance can help those who end up in this kind of situation by providing some means of financial help. This income protection guide can help in deciding whether or not it is beneficial to purchase this type of insurance policy.
Income protection insurance helps people who become sick or injured due to an accident. The insurance payouts from this coverage can replace a portion of the policyholder's income to the family while the policyholder is out of work. Depending on the type of policy held, these benefits may be up to 70% of the holder's previous income, and can be paid out for as long as the holder remains unable to return to work. In some cases, the benefits may be paid out until the policyholder can find a new job that suits their education and previous experience.
While income protection insurance can be of great benefit to those in need, it is not a direct equivalent to a working wage. There is a deferment period of several weeks to a year before any payouts will be made. Just remember that the more expensive the policy, the shorter the deferment period. Furthermore, the benefit amount is curtailed in order to avoid providing an incentive to stay out of work. If the policyholder was on a low income before the accident or illness occurred, the benefits received from the insurance policy may not be sufficient to support the household.
Despite its flaws, income protection insurance can help those who become ill or injured. It provides money for basic needs during a very difficult time in the policyholder's life. Without the insurance policy in place, the holder would simply be left to fend for himself while struggling through a debilitating recovery process while his family goes though hardships just to make ends meet. Your family's lifestyle could definitely turn around for the worse especially if you are unprepared for such situations. Hopefully, this income protection guide makes it clear that if an individual can afford it, then getting income protection insurance is a wise choice.
To know more about income protection insurance, visit
http://incomeprotectionguide.com.au
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