• Personal Finance

    Make Money Fast

    Busking

    Do you play a musical instrument?

    Why not share your talent with shoppers or commuters and start busking in shopping areas or near bus or train stations. You will help brighten somebody’s day and can make cold hard cash while you do!

    Do you have friends who play Digital signature online? Why not start a group or ban and play locally, many bars and restaurants are looking for new ways to attract customers and are willing to pay.

    Sell Blood Plasma

    Many blood banks and medical laboratories will pay cold, hard cash for your blood plasma. Check online or in Yellow Pages to see if there are any near you, and if you are in good health, this can even turn into a nice regular monthly income for you.

    While we are considering this, you may also think about joining drug trials. Before new drugs can be approved for … Read the rest

  • Personal Finance

    Retirement Mistakes

    When your mind is filled with the thought of prosperity, you will set up the laws of correspondence and attraction to work in your favour.

    The Law of Correspondence states that your outer world is a mirror image of your inner world and corresponds with your dominant patterns of thinking.

    The law of attraction says “You are a living magnet; you perpetually attract into your life the people, situations and circumstances that are in agreement with your dominant thoughts.

    It goes to say that until you are mindful of prosperity (your mind being full of prosperity) it does not become your reality.

    Those who are “mind-full” of prosperity enjoy prosperity. They are people who seek and engage the timeless, universal principles of wealth creation.

    This class of people sees opportunity to create wealth in situations and problems others complain about.

    An average person observes water shortage in an environment and … Read the rest

  • Personal Finance

    About Build and Maintain Financial Wealth

    Spend less than you earn

    I have seen people who earn $100,000 a year and spend $110,000. They will never build wealth. I have seen people worth over $5 million spend much, much more than they earn and lose everything.

    I have seen people earn $60,000 a year, but save $10,000 a year. They are on the path to building wealth (although at an admittedly slow pace.)

    Give the IRS as little as possible

    Utilize all tax saving techniques available. This is difficult, because most accountants are not familiar with unique tax saving strategies like cash balance plans, K plans, and dash plans, which substantially reduce income taxes while building money for the future.

    Many frustrated taxpayers have expressed the opinion accountants are working for the IRS. Most accountants deny this and would argue they represent their clients and are not servants of the IRS.

    However, the government has been … Read the rest

  • Personal Finance

    Psychology of Money

    Money messages – your earliest memories about money, often passed down by your parents – influence your financial perspective in an extremely powerful way. For instance, one of my clients has a strong memory of his father putting change in a huge container in the living room every evening, explaining that when it was full, they’d be able to go on a vacation… and teaching the value of saving for a goal. This client uses the same tactic with his kids, tweaking it slightly so they realize that when their containers are full, they can exchange the coins for bills.

    Those who were raised to believe that money equates to power, freedom and control are going to behave much differently than those who were taught that money isn’t a good thing. Among the money messages some people learned as a child are:

    • You have to work hard and suffer to
    Read the rest
  • Debt

    Save Money While Avoiding Debt

    Debt can cause stress, unhappiness in one’s life, and anxiety. Having too many debts can limit and restrict a person’s options. Having too many debts can also ruin families’ relationships and cause someone to work longer hours and further contribute to all types of health issues.

    One reason to avoid debt is that it limits your options. Debts can force you to work long hours in a job you don’t like and limit the amount of quality time you spend with your family. Debts and too many of them can lead to divorce. In fact, expert agrees that the number one reason for divorce is too much debt. Another reason to avoid personal debts is the stringing interest banks are charging you. Too much debt can lead you to file bankruptcy.

    Strain of debt usually results in breakups or divorces. In fact, experts cite debt as the number one cause … Read the rest

  • Debt

    Payday Loan Debt

    In such cases, the intelligent thing is to opt for a settlement and not sitting and thinking what to do as with every single day, the problem is going to intensify. A short summary of the procedure of payday loan settlement has been listed below.

    Firstly, tell the lender that you are presently not in a place to clear the payments. Unfortunately, with this notification, your account will be sent to some collection agency for verification.

    Next, ask the collection agency to contact you only through writing. If they refuse, let them know that you are full aware of the consumer rights and as par the national Federal laws, the agency is bound to follow a legal procedure in making transactions.

    Inform the agency that you are willing to settle your payday debts. The agencies might try to threat you with necessary legal actions but does not panic as agencies … Read the rest

  • Debt

    Debt Management Companies

    This makes the first logical question that someone dealing with this issue would ask and it would be something along the lines of why they should in fact pay for a service they can get for free? Obviously the free choice on the surface appears to be the way to go and it then simply becomes a matter of locating the particular charity that one will be working with.

    The fact of the matter is though that in the UK there are still over four hundred of these debt management companies doing business for profit. This fact should raise the next question which should be how are they maintaining their business when others are giving away the service for nothing? There has to be some sort of viable explanation explaining this. Exactly what are the specific differences that separate these two different potential options?

    Let’s try to take a look … Read the rest

  • Debt

    Debt Settlement Companies

    Now, how do the debt settlement companies work? These companies work in close collaboration with the banks and financial institutions. Once you approach them they will let you know about their debt settlement help services, which starts with debt counseling. If you are not in favor of this then they go for negotiation with the banks where you have a loan or own a credit card. You may be paying the credit card bills for a quite a long time now but your debt has not decreased due to the high rate of interest. In all such scenario, the amount of time you are paying the due is taken into consideration. If you are paying the card dues for more than 10 years you may possibly get a discount of 50 t0 60 percent of the amount that is remaining and will be able to pay the due within 12 … Read the rest

  • Personal Finance

    Levels to Win Financial Freedom

    Level I – Handle all bad debt

    Bad debt is distinguished by it being used for consumption rather than production. Bad debt typically does not have beneficial tax treatment like good debt does. By getting rid of all bad debt, you’ve established you can budget and you can produce more than you consume. These habits are critical to achieve financial success. In addition, these habits must be learned before anything else can be accomplished.

    Level II – Start a Retirement Account and add 10% per year

    Retirement is the first goal you should tackle after handling your bad debt because you want to add small amounts of money over a long period of time. You need your money to have a chance to compound over time. So, you need to start a retirement account as early as you can, preferably in your 20’s. I like the automatic investing approach provided … Read the rest

  • Personal Finance

    Advanced Tax Strategies

    Farming has changed from when I was a kid, 60 years ago, growing up on the outskirts of rural Joliet and Kankakee Illinois. Then, many small-time farmers could support their families with a 160-320 acre farm and a part-time job during the winter. Today, farms are huge enterprises and some of the folks I met farm 3,000-10,000 acres. Machinery is costly, with combines costing $300,000 or more. So, one needs a lot of acres to amortize the high cost of machinery.

    In the past 5 years, there have been record crop prices, reaching as high as $7 per bushel corn; $16 per bushel soybeans; and $10 per bushel wheat. With high crop prices and large farms operated, net profit form farming is no longer small potatoes. A number of the farmers have net profits of $250,000 to $1,500,000 in a good year. So, they now have more cashflow than ever … Read the rest