| |
1. | Smart Yearend Planning-Corporate Formalities There are three main areas we need to keep in mind as the year ends:
1. Taxes
2. Corporate formalities
3. Planning for next year
The power of documentation—shifting the burden of proof
For those who have ...
[Added: 20 Apr 2006 Hits: 398 Words: 398]
| |
2. | Entity Structuring Entity structuring is the use of limited partnerships, limited liabilities, and corporations. These can help you accomplish three things:
1. Bullet-proofing your assets so that the bad guys are worse of if they try and take them ...
[Added: 13 Apr 2006 Hits: 371 Words: 467]
| |
3. | Smart Yearend Planning - Tax Deductions There are three main areas we need to keep in mind as the year ends:
1. Taxes
2. Corporate formalities
3. Planning for next year
Revisit the idea of converting your 10 largest expenses.
This is an ongoing process that should ...
[Added: 10 Apr 2006 Hits: 717 Words: 343]
| |
4. | The Two Biggest Thieves In Regards To Wealth Building The two biggest wealth thieves a person will encounter are tax deductions and lawsuits. Taxes work against you by chipping away at your wealth. These include federal income taxes (deducting up to 39% of your income), state taxes (deducting up to 9.6%), and self employment or social security (over ...
[Added: 08 Apr 2006 Hits: 379 Words: 312]
| |
5. | Take Waste Out Of Your Spending Buyer Beware:
The ability to save money has nothing to do with income. Take waste out of your spending and you'll drive the haste out of your life. Continue to learn "the rules," as they're always changing.
...
[Added: 06 Apr 2006 Hits: 410 Words: 406]
| |
6. | Repairing Your Credit Report Fixing your credit report and repairing your credit are two distinct processes and problems. If your credit is bad, you can implement some of the strategies below to fix a low score.
Negotiate down the amount of debt (it's easiest with private individuals). To do this, you must ...
[Added: 29 Mar 2006 Hits: 379 Words: 392]
| |
7. | A Love/Hate Relationship: How your credit score can open and slam doors for you There are many ways to get ahead financially: attend seminars where you cut up your credit cards with hundreds of other people, participate in debt consolidation services that help you take out a home equity ...
[Added: 23 Mar 2006 Hits: 354 Words: 417]
| |
8. | Pay yourself first Schools do not teach thrift: college, high school, junior high—our system doesn't place a high priority on frugality. And what a shame. We should put money aside regularly using a simple system—pay yourself first.
For example, when you pay ...
[Added: 16 Mar 2006 Hits: 369 Words: 347]
| |
9. | Do you have good posture? When I started saving, I wasn't saving much. However, I developed an important habit. Whether you've wisely saved money or received a good tax return, don't go out and blow it on more stuff. You can have anything you want, you just can't have everything you want. A.F. Bannerman once ...
[Added: 14 Mar 2006 Hits: 382 Words: 357]
| |
| |