Discreet Millionaire

Figures from the Tax Policy Center say if your annual household income is $107,628, you are in the top 20% of income earners. If you exceed $148,687, you are in the top 10%. The top 5% earn over $208,810. And if your household income is over $521,411, congratulations. You are one of those “1% ers” and likely demonized by those who view hard work and risk-taking as a matter of luck or good genes. However, like a company, your personal balance sheet should be the determining factor. If you make $200,000 a year it does you no good if you’re spending $210,000.

You may in fact just appear rich instead of actually being rich.

Take for example the recent news about NBA legend Alan Iverson. Shockingly, a man who before age 35 had amassed a fortune more than the average person will see in a lifetime had blown it all. To quote from the article: “Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.”

Huh? Almost a million dollars to a single jeweler! Here is a

Going Debt Free

Interest on auto loans is known to vary as much as 10 percent. Finance companies often charge much higher rates than banks and credit unions. Credit cards and department store accounts can be insidious ways of incurring additional debt. That is, unless you use them properly.

In regards to challenging your every belief, it is a fact of the modern financial system that loans generally incur higher interest rates. For example, let’s say Ford Motor Company goes to your bank. The company pays interest that is a fraction over the prime rate, which is the lowest rate banks charge their favorite customers. You, for sure, are paying several points over the prime.

You may not be able to change the fact the bank gives Ford a better interest rate than it gives you. But you can control, to some degree, the interest rate you pay based on the amount of money you borrow.

Look at the interest schedules on your credit card bills. You will see information that tells you something like this: On the balance up to $2,000, the finance charge is 18 percent annually, while on the balance over $2,000, you pay 12

Money Transfer Threatens

Money laundering

Sometimes scams are initiated with an email or a phone call, or even an advertisement in the newspaper, offering commission for work with minimal risk. All that is required from the prospect is a laptop, an internet connection and a few hours every week. It might be pitched like an opportunity to work from home or flexible working.

You will be asked to either deposit money to receive initial working kit or receive a hefty payment into your bank account, then redistribute the money overseas (laundering). Whilst the fraudsters may convince you that money is being used for legitimate purposes such as trading shares abroad, or helping a charity distribute funds – you need to be vigilant. Or you could find yourself unwittingly funding criminals or converting someone’s black money into legitimate funds. Further, once you are lured into this by commission, scammers may also try to access your bank account, using the details you have given them.

Don’t respond to such advertisements or give your bank details to strangers. Ever.

Gift card/phishing

This scam usually happens during the holiday season. Consumers receive special promotion or gift card emails that look

Find A Good Bank

The neatest thing to do would be to locate the top banks that can be in your area. Call all of them up and request some information from them. Ask them what type of fees they’ve, if they’ve online banking, and what kind of interest levels they give out to those who might want to take out a loan with them.

The more information you possess the better you will be capable of make a choice on who you should be working with. When unsure you should also sit down and speak with friends and family on the bank they are utilizing. Get a thought of what type of transactions they have had and how easy it was to work with them.

You might need to look for a bank that is not going to charge you a lot of money in order for it to keep a savings account wide open with them. You also want to be sure that they have an abundance of ATMs across the city and they don’t charge an increased fee so as to use them. Most won’t charge anything when you are a member with them.

It just

Direct Payday Loan Lenders

What can you do to make your life more successful despite money problems? First off, the last thing you want to do is ignore your debt. It is very important to at least make the minimum payments so you keep that part of your credit score on target. Find a way to reach a balance in your budget. Harmonize what you think say and do for your finances. Once you create goals and objectives to correct problems, it is important to focus your money management around them. You’ll see the balance come in small increments.

It takes courage to make hard decisions. Some folks find that the only way to balance the budget is to downsize their home or vehicle. Change is hard enough, but these are big ones. You have to take the challenge head on no matter how uncomfortable it makes your present life. Minimizing income output is your goal so do what it takes to make it happen.

During financial hardships of any size, relationships often get the brunt of frustrations and discouragement. If you are struggling to break bad spending habits or to get out of a reliance on direct payday lender

Managing Household Debt

Many people are of the opinion that people who end up with insurmountable debt are irresponsible and only find themselves in that situation because they have made poor financial decisions in life. Although this may be true in some cases, there are many more cases where our spiraling debt is as a result of us being dealt a bad hand in life that we do not have much control over. Many hard working individuals with all of the right intentions sometimes just fall on hard times. The loss of a job, ones own serious health condition or the serious health condition of a loved one, student loans, ballooning mortgages, the death of a loved one, are among some of the main reasons where unforeseen circumstances lead us down the path to debt crises.

So what do you do when you have been dealt a bad hand? For many people we have to make a mental shift to move ourselves from where we are to where we need to be. I have spoken to so many people who know that they need to do something but feel so stuck that on their own, they see no way to

First Meeting With a Financial Planner

Organize Your Records

Your first step is making a list of all your assets, debts, and otherwise getting a comprehensive breakdown of your current financial standing. Most advisers will want to see tax returns, pay stubs, pension statements, investment and fund statements, and even your informal monthly budgets. If you can, try to have the past three years worth of records on hand before going to the meeting.

Decide What You Need

With your financial history in mind, you need to determine whether what you most need is financial planning, investment management, or both. Financial planning involves someone helping you create and execute a financial plan for your future, including IRAs and other tax strategies, as well as long-term investments to prepare you for retirement.

Investment Management on the other hand, takes a more aggressive approach to building wealth. If you are not interested in managing your own investments to aggressively build wealth, some people have had success using an investment manager to create a portfolio of stocks, bonds, and funds to grow your money so you have a bigger nest egg when you do retire.

Understand How Advisers are Paid

An

Economize Your Life

  1. Do you leave a lot of lights on in rooms that are not occupied? You can use high efficiency bulbs in rooms that get a lot of long-term use so the bill won’t be so high. Look around at your local hardware store and ask questions for the best results
  2. Do you shop at stores that are very high-priced? We have Kroger in our area that have great specials, give you gas points to help you save on fuel, and the staff is very helpful. Maybe you have one of these in your area, but if not search for a store that has a gas station too, and gives you points like this. Every hundred points equals ten cents off your next fuel purchase. You can only use this once a month, but in the course of a prior month you can save 40 cents or more on one fill-up, depending on how many groceries you buy. Try to time your fill-up so that you can get the price that is lowest when you do it, then you save extra with the points also. When you see specials at a store that is high in price otherwise,

About Money Changes Hands

There several different ways how money can be and can become an object. One scenario is if you needed funds back had a lack thereof, then that creates financial challenges. The second scenario is, if you have the funds available and you have access to it; to do want you want to do without hesitation of wondering where the funds would come from. Another scenario is if you have hired someone for certain services and have not compensated them according to the agreed amount for their labors, but you have withheld their wages, then this is fraud. James gives and ample warning to the rich who use these negative business transactions. James 5:1-6. We are to become wise stewards of all God has entrusted to us.

There is nothing wrong with having more than enough in material wealth. However, if the use of your financial status are not benefiting the need others, then as someone who has more than enough, you have missed the mark, because it is more blessed to give than to receive. Acts 20:35. Back in the early 70’s the American pop group the O’Jays had a smash hit record titled “For the Love

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 the market, pharmaceutical companies have to conduct human trials and are willing to pay for volunteers. This is not for everybody, but I just thought you needed to know about it.

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