|Wealth Building Information|
Your Wealth Cycle Foundation
The four main steps in building a wealth cycle foundation are:
· Pay yourself first
PAYING YOURSELF FIRST
Paying yourself first is a money rule. Can you imagine how much you would be worth if, from an early age, you had been conditioned to pay yourself first by depositing a portion of your earnings in a wealth account? Even if you only put in $1 per week, today you would probably be sitting pretty.
LEGAL ENTITIES / TAX IMPLICATIONS
In the United States, a number of legal structures, vehicles or entities may be used to hold and protect your wealth. These structures are separate and distinct from the taxpayers who form and/or own them. When you create any of these entities, it is assigned its own Employee Identification Number (EIN) number, which is separate from your social security number. Your legal entities are also taxed separately from you personally.
The legal protections and responsibilities differ for each of these vehicles, as do the tax implications. How you structure your investments, what legal entities you use, can have enormous tax and legal consequences.
Legal business entities are advantageous because they can:
· Protect your personal assets
If you're operating a business and you want that business to be treated as your asset and/or you're continuing to grow that asset, the legal entity you select can:
· Protect the entity (i.e., your business)
The goal of asset protection is to minimize your risks and to help grow and maintain your asset base. The right legal entity will provide you with those benefits.
Under our U.S. tax laws, different structures exist for employees and corporations. Employees are taxed on the amounts they earn. Usually, taxes are withheld from employees' paychecks. Under the corporate tax structure, corporations deduct appropriate business deductions and pay taxes on whatever is left. Discuss with a tax professional to determine what deductions you may be entitled to.
ACTIVE OR PASSIVE INVESTING
Before you decide on the investment strategies you plan to follow, determine whether you want to be an active or passive investor. Active investors get directly involved in the investment. They may become general partners or take a role in the management of a business or particular venture. In contrast, a passive investor essentially only puts up money, sits back, lets others do the work and waits for profits to roll in.
YOUR MONEY RULES
We all have money rules, everyone of us! They dictate how we use credit cards, balance our checkbooks, pay off our lifestyle debt or pay ourselves first. They determine how we handle money, think about wealth and run our finances. Most of us didn't set our own money, we simply inherited or adopted them from others. Usually we integrated them without questioning because they came to us from people we loved and respected and because talking about money was taboo. If the concept of money rules is new to you, you may not have the requisite knowledge to make some of your rules non-negotiable at this time. However, you soon will if you continue to educate yourself on each of the investment strategies you're considering. If you stay focused on your goals and are flexible, your money rules will clearly evolve.
Loral Langemeier, M.A. CPPC, empowers her clients to build wealth and achieve financial success. Combining her down-to-business candor with the personal accountability she has emerged as one of the most exciting business and motivational speakers. She is the author of the soon to be published book, Guerrilla Wealth, part of the best selling Jay Conrad Levinson Guerrilla Marketing series. For additional information: www.liveoutloud.com.
5 Life Insurance Wealth-Building Strategies for Black Families Black Enterprise
There are benefits of life insurance to leverage while alive. Here's a look at some life insurance wealth-building strategies that black families can use.
Suze Orman: Your mindset could be holding you back from getting rich CNBC
Personal finance expert Suze Orman says that your mindset could be holding you back from building wealth. If you want to earn more money, you need to let go ...
13 mistakes that keep you from building wealth Bankrate.com
If you're looking to acquire more wealth for the long haul, financial experts recommend that you stop doing these 13 things today to build a better financial future.
Ramit Sethi: 'Average' returns are good for building long-term wealth Business Insider
Financial expert Ramit Sethi said an 8% average return on your investments is enough, especially when the alternative is not investing at all.
How to Invest in Your 20s to Create Wealth in Your 50s TheStreet.com
Learning how to invest in your 20s can provide benefits, both in the short-term and especially in the long-term, for younger Americans. The benefits are evident ...
How J.P. Morgan Is Fighting The Racial Wealth Gap In America Forbes
J.P. Morgan is tackling the racial wealth gap with its Advancing Black Pathways initiative. The firm is using its philanthropic and business resources to implement ...
Students need a boost in wealth more than a boost in SAT scores The Hechinger Report
Standardized tests that are used for the purposes of college admissions don't predict for college success very well. Scores on the widely used SAT and ACT ...
Here's how much money Americans think is enough to be 'financially comfortable' CNBC
A survey from Charles Schwab finds that, for most Americans, having a net worth of $1 million isn't enough to be feel "financially comfortable."
The Wealth Function, Fed Cycles And Exponentially Reduced Wealth Creation Seeking Alpha
Graphical and numerical comparison of future wealth creation from the reinvestment of cash flows: historic norms (1962-2007) vs. current vs. after new ...
The Secret Tax Loophole That High Earners Use To Help Their Children Financially Forbes
High earners are always looking for ways to propel themselves forward financially. The 2018 US Trust Insights on Wealth and Worth found that 84% of high net ...
Here's 5 Life Insurance Wealth-Building Strategies That Black Families Can Use HBCU Buzz
Unfortunately, most people think of death when they think about life insurance. And few want to think or talk about dying. As you may know, designated.
Closing the gender wealth gap through investment Bankless Times
The gender wealth gap goes beyond pay inequality. Women invest far less than men â€“ and it's keeping them from the financial freedom afforded to many of their ...
5 simple habits of the average millionaire you can use KTAR.com
Anyone can become a millionaire in America today. No matter who you are or where you came from, you have the power to create the financial future you want.
Can the Racial Wealth Gap Be Closed Without Speaking of Race? The New York Times
Political momentum on the left for such an effort must face the reality of legal obstacles, particularly from the Supreme Court.
Melinda Gates is funding this Wall Street rebel who is teaching women to invest and stick it to the banks - CNBC
Melinda Gates is funding this Wall Street rebel who is teaching women to invest and stick it to the banks CNBC
Wall Street banks pushed out Sallie Krawcheck twice, but she isn't going away. Her investing start-up Ellevest has a message for women: Stop listening to men's ...
5 simple habits of the average millionaire Fox Business
Anyone can become a millionaire in America today.
The Wealth Detective Who Finds the Hidden Money of the Super Rich Bloomberg
Thirty-two-year-old French economist Gabriel Zucman scours spreadsheets to find secret offshore accounts.
Tax hikes fall by wayside, but trouble is on horizon OCRegister
Name any problem and most of the majority party's lawmakers have, as the late Baltimore journalist H.L. Mencken quipped, the same â€śeasy solutionâ€ť that's â€śneat, ...
Impact Fund invests in Oregonâ€™s job and wealth creation Portland Business Journal
OCF believes an investment in hands-on career education for youth will create jobs, build wealth for more Oregonians and help Oregon thrive.
Women Mean Business: State Strategies to Close the Women's Wealth Divide Through Entrepreneurship in Georgia - Georgia Budget and Policy Institute
Women Mean Business: State Strategies to Close the Women's Wealth Divide Through Entrepreneurship in Georgia Georgia Budget and Policy Institute
Entrepreneurship remains a powerful way for women to propel themselves along the path to economic prosperity. Still, while the number of women business ...
ESOPs Can Reduce Wealth Inequality Planadviser.com
Studies have shown that companies that sponsor employee stock ownership plans (ESOPs) see positive results for revenue and employee productivity, but ...
10th Annual Community Wealth Building Day Helps Jacksonville Residents Find Dream Home â€“ Free Press of Jacksonville - Jacksonville Free Press
10th Annual Community Wealth Building Day Helps Jacksonville Residents Find Dream Home â€“ Free Press of Jacksonville Jacksonville Free Press
By Carla Jones. In honor of Fair Housing Month, the Jacksonville Association of Real Estate Brokers (JAREB) will hosted a free event aimed at empowering ...
Going beyond healing to build Indigenous power Pursuit
A University of Melbourne experts says reconciliation has focused on healing, but for young Indigenous Australians, the future is all about new opportunities.
Can ESOPs Make a Difference for Equity? New Research Findings Say Yes Nonprofit Quarterly
A new study from Rutgers University's Institute for the Study of Employee Ownership and Profit Sharing, funded by the WK Kellogg Foundation, titled Building the ...
Warrenâ€™s ambitious agenda relies on a massive wealth tax that the rich may evade - The Washington Post
Warrenâ€™s ambitious agenda relies on a massive wealth tax that the rich may evade The Washington Post
Elizabeth Warren has far outpaced the Democratic field in outlining specific policies and detailing how she would pay for them. But skeptics question her math.
5 Millionaire Myths Keeping You Poor Forbes
If you believe you'll never become a millionaire, you'll never be one. Becoming a millionaire requires the right mindset. If you want to become a millionaire â€“ and ...
How to shrink the wealth gap for minorities and everyone else while we study reparations - USA TODAY
How to shrink the wealth gap for minorities and everyone else while we study reparations USA TODAY
Reparations need to be part of this discussion, but we should also look at policies that would turn around our regressive economy for all Americans.
Being a long-distance landlord is difficult Knoxville News Sentinel
Combine finances in marriage to build strong relationship, greater wealth.
Racial wealth inequality: Social problems and solutions Brookings Institution
On June 3, Governance Studies at Brookings will cohost an event with Contexts Magazine, featuring an expert panel that will discuss the causes, consequences, ...
Peter Raimondi builds Dakota Wealth Management assets to $1billion. Financial Planning
Veteran RIA dealmaker Peter Raimondi is getting serious traction, completing his fourth acquisition in just over a year to bring the AUM of Dakota Wealth ...
Intermediary Backs Pilot Efforts to Reduce Racial Wealth Gap Nonprofit Quarterly
When it comes to reducing the racial wealth gap, what can a nonprofit organization do? Prosperity Now, a Washington DC-based nonprofit intermediary ...
The Dark Side Of MLP Investments Seeking Alpha
All things considered - MLPs are one of my favorite asset classes for long-term oriented income investments. Opportunities are abundant in the sector, but you m.
Qatari sovereign wealth fund reveals stake in UKâ€™s Sirius Minerals Financial Times
Qatar's sovereign wealth fund has emerged as a shareholder in Sirius Minerals, the London-listed company building a giant fertiliser mine under a national park ...
How Black Farmers Are Trying To End Centuries Of Racism In America's Food System Birmingham Times
When Keisha Cameron and her husband first started farming their 5 acres of land in Grayson, Georgia, in 2014, they worked the soil with what little they had: ...
How to create wealth by owning your office location and other real estate Dental Economics
Many dentists wonder whether owning their office space or building will help them or hurt them financially. In the area of increasing wealth, owning real estate is ...
Hyperspectral camera captures wealth of data in an instant Space Daily
Houston TX (SPX) May 23, 2019 - Standard snapshots from space don't quite show Earth in all its glory. There's so much more to see. To reveal details ...
The danger of black wealth | Articles | News Austin Weekly News
When John H. Johnson, the creator of the iconic Ebony and Jet magazines, went to purchase office space, he brought along a white man to act as the buyer.
How to make money with your money Business MattersBusiness Matters
You work hard. You set a careful household budget. You spend less than you earn, and you save the difference in a bank account.
Help Today's College Students as We Did for Previous Generations Inequality.org
Can you imagine being 22 and having $150000 in debt? This is generational abuse.
How To Become A Millionaire Forbes
Here's a field guide to becoming a millionaire. Hint: It isn't a matter of luck. There are some set of rules to follow and you need the right mindset.
Nipsey Hussle had a plan to beat gentrification â€” in South L.A. and across the U.S. - Los Angeles Times
Nipsey Hussle had a plan to beat gentrification â€” in South L.A. and across the U.S. Los Angeles Times
Before he was gunned down in South L.A., Nipsey Hussle had plans to use an investment fund to develop transformative projects in his neighborhood and in ...
Trump tax returns legal battle: IRS lawyers agree with Democrats Vox.com
According to Josh Dawsey and Jeff Stein of the Washington Post, an internal IRS legal memo agrees with most outside observers that the Treasury Department ...
Urban design comes home to NE16 in Oklahoma City oklahoman.com
To say an old house has "good bones" means the most important elements are sound â€” foundation, infrastructure, layout, all wrapped in character â€” but there ...
SAT 'adversity score': Is it necessary? Yahoo News
About 2 million aspiring college students take the SAT every year, and soon their results will include more than whether they correctly answered the test ...
Infographic: Visualizing the Future of Banking Talent Visual Capitalist
Banking talent is undergoing a fundamental shift. This infographic explores how banks are adapting to rapid automation and digitization in the industry.
For many, retirement is a 'pie-in-the-sky' dream | New Orleans' Multicultural News Source - Louisiana Weekly
For many, retirement is a 'pie-in-the-sky' dream | New Orleans' Multicultural News Source Louisiana Weekly
By Stacy M. Brown Contributing Writer. (NNPA Newswire) â€” The nation's leading public interest group providing seniors and others with information that ...
A Fund to Support the Muslim American Community, Inside and Out The New York Times
The founders of the Pillars Fund seek to strengthen a network of Muslim support groups while countering negative perceptions and stereotypes.
The Unicorn Worriers Werenâ€™t Wrong Bloomberg
Uh, technically, I guess: Uber priced its public offering on Thursday at $45 a share, near the bottom of its expected price range, valuing the ride-hailing company ...
4 Sure-fire Investment Tips for Long-term Wealth Creation Nagpur Today
â€śHow many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.â€ť â€“Robert G. Allen Who hasn't heard of the ...
Yes, You Can Build Wealth In Your 20s -- Here's How Forbes
Here's how 20 year-olds can start building wealth today in 6 simple steps.
CHICOS conference is wealth creation opportunity for Jamaica â€“ Bartlett Jamaica Gleaner
Minister of Tourism Edmund Bartlett has said that the Caribbean Hotel Investment Conference and Operations Summit (CHICOS) is an opportunity for Jamaica to ...
Saudi Arabia's sovereign wealth fund aims to tap debt markets twice this year after 'amazing' market response - CNBC
Saudi Arabia's sovereign wealth fund aims to tap debt markets twice this year after 'amazing' market response CNBC
Saudi Arabia's sovereign wealth fund is planning to tap the debt market twice this year, after an overwhelmingly positive response from international investors.
Intellistocks: Your Wealth Building Partner Siliconindia.com
Working with a mission is to empower millions of Indians to build wealth through providing a disciplined and ethical stock...
How to build wealth in 4 steps, according to millionaires Business Insider
Building wealth involves a four-step process: Growing income, controlling spending, investing in index funds, and investing in real estate.
Nipsey Hussle's Vision: Community Ownership as the Antidote to Gentrification Nonprofit Quarterly
â€śNipsey Hussle's stretch of Slauson Avenue has largely been overlooked by the gentrification boom that has transformed so many neighborhoods of Los ...
Time right to invest in equities with Modi 2.0: Top wealth creating ideas by experts - Moneycontrol.com
Time right to invest in equities with Modi 2.0: Top wealth creating ideas by experts Moneycontrol.com
Investors should eye stocks in sectors which are likely to hog the limelight in the next 3-5 years based on expected policy changes because that's where the real ...
Investing in real estate is a sure way to wealth creation â€“ Expert Ghana Business News
Mr. William Halm, CEO of Spektra Global has said that investment in Real Estate is one of the most reliable and time-tested ways of wealth creation since real ...
Nine Of The Best Ways To Build Wealth Forbes
It is often said that the three main sources of wealth creation are the stock market, real estate and entrepreneurship. With this knowledge as a starting point, ...
Inside How Silicon Valley Helps Keep The Golden State Warriors At The Cutting Edge Forbes
From data, to technology, to new opportunities like e-sports, the Golden State Warriors are using their place in Silicon Valley to stay ahead of the competition.
Seven Things Advisors Need to Know About Succession Planning WealthManagement.com
Actionable advice for all advisorsâ€”no matter what stage of your career or whether you're at a wirehouse or are an independent business owner.
Investors Worried About Wealth Inequality Should Focus on Fund Manager Compensation - Stanford Social Innovation Review
Investors Worried About Wealth Inequality Should Focus on Fund Manager Compensation Stanford Social Innovation Review
The compensation structures in the impact and ESG investing industries, particularly at large funds, may be exacerbating the very problems that ethically minded ...
Making it in Vermont: $140 million firm takes employee ownership seriously vtdigger.org
A worker screws cardboard spools onto plastic sides at Carris Reels, a $140 million Proctor-based company that makes spools for the wire and cable industry.
Qatar's sovereign wealth fund takes ÂŁ200m stake in Severn Trent This is Money
The timing of Qatar Investment Authority's purchase of 4.2 per cent has left some in the City scratching their heads because it follows Labour's plans to ...
The 'new coast' â€” Lightfoot's transition report touches on business and real estate - Chicago Agent magazine
The 'new coast' â€” Lightfoot's transition report touches on business and real estate Chicago Agent magazine
Mayor-elect Lori Lightfoot released a 100-plus page transition report today in the hopes of giving residents and other community stakeholders an idea of what's ...
10 Simple Truths About Building Wealth And Getting Rich Forbes
Want to build wealth? Want to get rich? The simple approach is the best approach.
Nation's racial divide worsens with federal tax cuts: Black families have a dime for every dollar held by Whites - charlestonchronicle.net
Nation's racial divide worsens with federal tax cuts: Black families have a dime for every dollar held by Whites charlestonchronicle.net
If you're like me, every time you hear a news reporter or anchor talk about how great the nation's economy is, you wonder what world they are living in. Certainly ...
Saving is not the key to building wealthâ€”here's what is, says author of 'I Will Teach You to Be Rich' - CNBC
Saving is not the key to building wealthâ€”here's what is, says author of 'I Will Teach You to Be Rich' CNBC
The typical millennial has about $2,400 socked away in a savings account. But personal finance advisor Ramit Sethi says having savings is not the key to ...
The First 5 Steps To Building Wealth Forbes
Retirement is the one expense in the world you cannot borrow for, so building wealth throughout your career is essential if you ever want to reach financial ...
Here's what an 'HSA' is â€” and why it's the ideal wealth-building tool for millennials CNBC
Health savings accounts, or HSAs, offer a triple tax advantage for savers, and millennials, thanks to their youth, are uniquely positioned to leverage this ...
6 Wealth Building Alternatives Without Buying Stocks Forbes
Building wealth with the stock market has always been a possibility, but what if you prefer to hedge your bets and invest elsewhere as well? This post goes over ...
8 simple money habits that will help you earn more in 2019 CNBC
If you want to earn more, a good place to start is with your habits. The sooner you establish smart ones, the better your chances of building wealth. Here are eight ...
Affordable housing crisis: Why are U.S. cities struggling? Curbed
Market forces, policy decisions, and demographic changes have converged, making it more difficult to increase affordable housing for renters and buyers in U.S. ...
Carson probably shouldnâ€™t be in charge of HUD, as exchange with Katie Porter shows - ThinkProgress
Carson probably shouldnâ€™t be in charge of HUD, as exchange with Katie Porter shows ThinkProgress
The highly-regarded celebrity brain surgeon who President Donald Trump placed in charge of federal housing policy for some reason was unable to grasp some ...
India could potentially be in the best five-year period of its economic life: Manish Chokhani, Enam - Economic Times
India could potentially be in the best five-year period of its economic life: Manish Chokhani, Enam Economic Times
Budget will be first big signal of how the economics of this country can now be rebooted, says Chokhani.
Blueprint Local: Creating Wealth-Building Ecosystems In Local Communities Forbes
Blueprint Local aims to create viable local ecosystems with long-term staying power.
Real Estate: A Source Of Wealth Building In An IRA Forbes
Looking to add real estate as an asset class to your retirement portfolio? You'll face limitations when investing via a traditional IRA custodian. A self-directed IRA ...
Forget Uber Other Recent IPOs, Buy This Stock Now Forbes
Uber raised $8.1 billion in early May, the biggest U.S. Initial Public Offering in five years. But was only the headliner in a bunch of IPOs dropping. Others spanned ...
HOW TO RAISE FUNDS & MULTIPLY WEALTH CREATION IN COMPANIES? Inventiva
This book â€śSTARTUP IDEA TO IPO-WHAT DOES IT TAKE TO CREATE A UNICORN COMPANYâ€ť is intended to disseminate knowledge about how to take a ...
The Final 5 Steps To Building Wealth Forbes
Building wealth is an endeavor that should begin when you're young and continue throughout your career. Combined with the first five steps previously ...
Sorority offers free womenâ€™s wealth-building workshop in Vallejo Vallejo Times Herald
A first-of-its-kind free workshop designed to help women build their financial legacy is being offered by Alpha Kappa Alpha Sorority, Inc., Kappa Beta Omega ...
How to Make Wealth Building and Job Opportunities More Equitable - Stanford Social Innovation Review
How to Make Wealth Building and Job Opportunities More Equitable Stanford Social Innovation Review
Alternative economic and social investment models that are properly supported by new public policy and investment could help the United States create more ...
4 Simple Habits to Build Wealth Faster Kiplinger's Personal Finance
Sure, making a lot of money helps, but research shows there are four behaviors that can be even more important to building true wealth.
Believe it: anyone can become a millionaire Royal Gazette
I'm going to come right out and say it: anyone can become a millionaire today. And when I say anyone, I mean anyone - that means you, too! Did you know there ...
Buy or rent: what to do when financial pressure is on Brakpan Herald
The choice of whether to rent or buy a home is a personal one. Before making a hasty decision, you need to review all the aspects and choose the financial ...
There's 1 Simple Reason to Own This Financial Stock The Motley Fool Canada
Power Corporation (TSX:POW) stock continues to rebound in 2019. Up more than 20% year to date through May 23, there's a simple reason to own its stock.
This millennial went from $2 in his bank account to $1 million in 5 yearsâ€”here's his best advice for building wealth - CNBC
This millennial went from $2 in his bank account to $1 million in 5 yearsâ€”here's his best advice for building wealth CNBC
In five years, Millennial Money founder Grant Sabatier earned more than $1 million. He says his best advice for building wealth quickly is to increase your ...
Building wealth tips: 5 habits of the rich that millennials should know INSIDER
Building wealth requires a certain kind of mindset â€” here are 5 things millennials should be doing to become self-made millionaires.
Signs you're not building wealth and tips for fixing it Business Insider
You're probably not on the path to wealth if you live above your means or if you haven't started investing. Here's how to change that.
Getting rich can boil down to 6 'wealth factors' no matter your age or salary Ladders
Six "wealth factors" can make a person more likely to become wealthy, according to a researcher who studied more than 600 millionaires in America.
Financial planners: The best way to build wealth is automatic savings Business Insider
Financial planners say automating your savings is the best way to build long-term wealth. Here's how to do it.
The author of 'The Millionaire Next Door' explains 3 ways anyone can build more wealth - Business Insider
The author of 'The Millionaire Next Door' explains 3 ways anyone can build more wealth Business Insider
Building wealth is possible regardless of your financial situation or education â€” if you're practicing these three things.
Where you live plays a big role in your ability to build wealth Business Insider
Your neighborhood affects your savings â€” if you live in an affluent neighborhood, you're more likely to mirror your neighbor's consumption habits.
Investors Are Right to Worry About Puma Biotechnology Yahoo Finance
When it seems that Wall Street is being too stubborn about a business, investors have to ask themselves: "What am I missing?" Sometimes analysts are just ...
Chevron New (CVX) Shareholder Triangle Securities Wealth Management Lifted Its Position; Shareholder Marble Harbor Investment Counsel Has Raised Core Laboratories NV (CLB) Stake - The EN Herald
Chevron New (CVX) Shareholder Triangle Securities Wealth Management Lifted Its Position; Shareholder Marble Harbor Investment Counsel Has Raised Core Laboratories NV (CLB) Stake The EN Herald
Triangle Securities Wealth Management increased its stake in Chevron Corp New (CVX) by 30.04% based on its latest 2018Q4 regulatory filing with the SEC.
I'm a financial planner, and my most successful clients taught me 8 strategies crucial for building wealth - Business Insider
I'm a financial planner, and my most successful clients taught me 8 strategies crucial for building wealth Business Insider
Eric Roberge, a certified financial planner, said his most successful clients built good habits, grew their income, and learned to manage money.
6 Tips to Enhance Wealth Building Newsmax
Building lasting wealth and becoming financially independent don't just happen. It requires concerted effort, discipline and sheer determination in savings and ...
Why Real Estate Builds Wealth More Consistently Than Other Asset Classes Forbes
If you lived through the recent real estate and economic recessions, the very headline of this article might cause you some emotional pain. Less than ten years ...
Building wealth requires patience, and most people don't practice it Business Insider
If you want to build wealth long-term, there's no replacement for patience. It's all about the long game in saving and investing.
11 books to read in 2019 if you want to get rich Business Insider
Take control of your finances in the new year with these personal finance books that cover everything from budgeting to building wealth.
How to spend your tax refund to build wealth Business Insider
Your tax refund can be a huge bonus to your financial health. Here are some of the best ways you can spend it this year to build wealth.
Could a Roth IRA be Better Than a 401(k)?
Very few people whom I know are familiar with the benefits of the Roth IRA. It was named for the late Senator William Roth of Rhode Island, who proposed it.
The Secrets of World Money Flows and A Simple Way to Understand Them
You can learn the secrets of world monetary flow if you will simplify the concept. The Allegory of a "The Beach Ball," is not taught in all universities, perhaps it should be.
How to Make More Money
When I was a student in London, I had a part-time job working in a new-age bookshop near Camden Town. One day, Robert Plant, the lead singer for Led Zeppelin, came into the shop and walked up to the owner.
Cutting Costs Can Significantly Increase Your Income
As a work at home Mother, I know the value of a deal. Any smart business person knows that the best way to make money is to SAVE money.
The Predicament of the Newly Rich
They are the object of thinly disguised envy. They are the raw materials of vulgar jokes and the targets of popular aggression.
Steps to Financial Freedom
Financial freedom is the power to do what you will with your life without being forever bound by lack of money and over burdened by debt. This worthwhile goal can be achieved by anyone through careful planning and persistence.
Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA
Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis.
Anthony Robbins 12 Reasons Why People Dont Get Wealthy
According to Wallace Wattles, in his popular wealth treatise called the Science of Getting Rich, said that, "There is a science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches, and once these laws are learned and obeyed by anyone, that person will get rich with mathematical certainty.
The Making Money Obsession - Discover The Real Truth
In most societies, we are raised to believe in the myth that "it's spiritual to be poor". Or we use such phrases as "filthy rich", or "Money is the root of all evil".
Is Accumulating a $1,000,000 Net Worth Easy? Yes and NO
Is accumulating wealth as easy as following a 3-step plan? Yes it is and no it isn't. As with many things in life, accomplishing a goal such as accumulating one million dollars (or even $100,000) depends on your desire, your personal choices and your daily actions.
A Completely New Way To Get Rich Rapidly
This new way is catching on around the world. People are compounding money rapidly for themselves.
Re-discovering the Fundamentals of Financial Planning
To lose weight in the 80's, we went on low-calorie diets. In the 90's, we switched to low-fat diets, and now, in the 21st Century, we are completely convinced that it's all about the low-carb diet.
Online Retirement Opportunity: Freelance Copywriting
For most of us, the idea of retiring simply on our pension is not a happy prospect.While we may have always had dreams of a retirement that is worry-free and with a few luxuries thrown in, the stark reality is that our pensions will likely give us only the most basic living conditions, with none of the luxuries we had hoped for.
Increasing Your Wealth by Increasing Your Financial Literacy
Perhaps the primary message of Rich Dad, Poor Dad is increasing basic financial literacy. Perhaps I should say financial literacy for the common man and woman.
I Dont Need A Financial Coach To Help Me!
You've been thinking that your financial life could probably be better, right? Maybe you think, "If I could just stick to a budget everything will be fine?", or how about "When I get that next raise or promotion, I'll have enough money to pay off my debts and save some money?" You may even be thinking,"I can do this on my own!"I hear these comments and more on a regular basis. I usually say, "Great! Can you think of any reasons your financial life isn't perfect right now?"It's really your "little voice" which is prompting you to say all these things! Your little voice has a job to do and that is to protect you from any change because it "knows" that change will be hard or scary or cause more work and it's just easier to keep things the way they've always been.
Retirement - Can You Afford It?
Every day you work is one day closer to your retirement. But can you afford to stop work? If you were unable to go to work for 6 months due to illness or injury, would you still have enough income to support yourself and your family? Even if you kept working, would you have enough money put aside to comfortably retire after a hard lifetime of work? If you kept working or doing as you're doing today, for the next 10 years, would you be in a better position to retire? Have you ever calculated whether your superannuation or the pension is going to be enough for you to retire on?For most people these questions either remain unanswered or have negative responses.
Do You Want To Save Money Easily?
Living on credit is fashionable. Indulging oneself is fashionable.
The 11 Best Money Saving Ideas of All Time - Part 2
At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.Some of you may have heard of these ideas before, others may be entirely new to you.
Have You Ever Had That Feeling?
Have you ever had that feeling where you could not wait to go to sleep because you were so anxious about tomorrow? You were so excited and your heart was beating so fast that as much as you tried you could not go to sleep? So you just lay in bed imagining what you would do the next day. Imagine that you were thinking about what you would do with the money you've made that day and how much more you will make tomorrow.
Who Else Is Tired of Life Punching Them in the Face?
Remember the bloodied face of Randall "Tex" Cobb?He was a boxer who fought in a championship bout against then heavyweight champ Larry Holmes in June of 1982. It wasn't pretty.
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