Apr
23
Former liberals, what was the turning point for your political beliefs?
Filed Under Wealth Creation | 6 Comments
Yahoo Answer Angel
I know for me, the year was 1980, Reagan was going against Carter, and the press was saying that if Reagan won, it would be the end of the world as we know it: nuclear proliferation with Russia was a certainty. When the opposite happened, along with job creation, wealth, good times, etc., I was done listening to the press and my family of Union workers.
Powered by Yahoo Answers
I know for me, the year was 1980, Reagan was going against Carter, and the press was saying that if Reagan won, it would be the end of the world as we know it: nuclear proliferation with Russia was a certainty. When the opposite happened, along with job creation, wealth, good times, etc., I was done listening to the press and my family of Union workers.
Powered by Yahoo Answers
Apr
21
evanfarr
Educational Video about Elder Law, Elder Care, and Medicaid Asset Protection Planning / Medicaid Planning, featuring Evan H. Farr, Certified Elder Law Attorney and Certified Estate Advisor in Virginia and DC.
Apr
18
No 1 Rule of Wealth Creation
Filed Under Wealth Creation | Comments Off
Barry Share
The number one rule of wealth creation must be “Pay Yourself First”.
What do I mean by that, simply whatever you earn per month you take out a minimum of 10% and put it into your savings account or your investment account; you live and pay your bills with what you have left. You PAY YOURSELF FIRST
I know, I know, I can hear you say “How can I do that, it’s taking me all my time to keep my head above water as it is”.
Well what you must do is sit down and have an honest look at what you are spending your money on.
Put a basic profit and loss sheet together and at this stage it does not need to be complicated. Very few people do this.
The budget plan poor people work to, works like this.
Go out and earn as much money as you can, pay the bills, spend the rest, because that is how much it costs to live. This plan and way of working will only keep you working hand to mouth and keep you on the treadmill until you die.
So pick up the pen and paper and let’s have a look.
On the left-hand side of the paper write down your monthly income. That is everything that is coming into the household, your salary, your spouse’s salary and any other form of income.
I don’t want to hear “I don’t know it varies every month” Work a monthly average out or work to your basic rate.
On the right-hand side of the paper write down everything that you are paying out per month, make a full list.
I don’t want to hear “I don’t know some things we pay for quarterly” work out how much you are paying a year and divide it by twelve. O.K. To be solvent your left hand total should be higher than your right hand total.
If you’re right hand total is higher than your left hand total subtract the left hand from the right hand total and this will show you how much you are running in to debt each month.
For some this little exercise is an eye opener of how our spending can get out of control and slip through the net if not kept a check on. But let’s go back to this paying your self first.
Wealth can only be created by not consuming, so we need to stop spending and create the habit of saving. Therefore you need to look at your right hand column to see where you can stop consuming.
To be successful at this you must have an honest desire to create your own wealth and the determination and discipline to change your lifestyle so it’s imperative you know what you want and why you are doing this.
Be honest with yourself, where can you cut back?
On a £20,000 per annum net income you will need to be paying yourself £2,000 per year. That is £166.67 per month.
Where is that going to come from? So let’s look at some of the most common areas of our uncontrolled consumerism.
If you spend £5 a day on cigarettes (only poor people smoke) that’s £35 a week, or £140 a month.
If you drink on average of two pints of beer a day at an average cost of £2.60 a pint this is £36.40 a week or £145.60 a month.
Two bottles of wine a week could cost on average £12 a week or £48 a month.
Have an honest look at fuel consumption for your vehicle, could you not use it so much, could you walk more, this would keep you healthier, could you make a deal with someone to share the costs of running too and from work.
Have a look at the food bill, can you cut costs or get better value for your money by not buying conveniences, sweets and junk food.
Take a look at your utilities; switch off the lights and electronic equipment when on standby, cut back on water and gas usage.
Nowadays you won’t be looked at as being a miser or skinflint but a global friendly eco warrior.
What I am saying here and I think you will agree, with a little bit of thought and effort you can change your habits and lifestyle in small ways to find that 10% you need to start the ball rolling.
Take an honest look at the No 1 Rule of Wealth Creation “Pay Yourself First” and you will soon see how to turn these small gains into massive wealth creation.
The number one rule of wealth creation must be “Pay Yourself First”.
What do I mean by that, simply whatever you earn per month you take out a minimum of 10% and put it into your savings account or your investment account; you live and pay your bills with what you have left. You PAY YOURSELF FIRST
I know, I know, I can hear you say “How can I do that, it’s taking me all my time to keep my head above water as it is”.
Well what you must do is sit down and have an honest look at what you are spending your money on.
Put a basic profit and loss sheet together and at this stage it does not need to be complicated. Very few people do this.
The budget plan poor people work to, works like this.
Go out and earn as much money as you can, pay the bills, spend the rest, because that is how much it costs to live. This plan and way of working will only keep you working hand to mouth and keep you on the treadmill until you die.
So pick up the pen and paper and let’s have a look.
On the left-hand side of the paper write down your monthly income. That is everything that is coming into the household, your salary, your spouse’s salary and any other form of income.
I don’t want to hear “I don’t know it varies every month” Work a monthly average out or work to your basic rate.
On the right-hand side of the paper write down everything that you are paying out per month, make a full list.
I don’t want to hear “I don’t know some things we pay for quarterly” work out how much you are paying a year and divide it by twelve. O.K. To be solvent your left hand total should be higher than your right hand total.
If you’re right hand total is higher than your left hand total subtract the left hand from the right hand total and this will show you how much you are running in to debt each month.
For some this little exercise is an eye opener of how our spending can get out of control and slip through the net if not kept a check on. But let’s go back to this paying your self first.
Wealth can only be created by not consuming, so we need to stop spending and create the habit of saving. Therefore you need to look at your right hand column to see where you can stop consuming.
To be successful at this you must have an honest desire to create your own wealth and the determination and discipline to change your lifestyle so it’s imperative you know what you want and why you are doing this.
Be honest with yourself, where can you cut back?
On a £20,000 per annum net income you will need to be paying yourself £2,000 per year. That is £166.67 per month.
Where is that going to come from? So let’s look at some of the most common areas of our uncontrolled consumerism.
If you spend £5 a day on cigarettes (only poor people smoke) that’s £35 a week, or £140 a month.
If you drink on average of two pints of beer a day at an average cost of £2.60 a pint this is £36.40 a week or £145.60 a month.
Two bottles of wine a week could cost on average £12 a week or £48 a month.
Have an honest look at fuel consumption for your vehicle, could you not use it so much, could you walk more, this would keep you healthier, could you make a deal with someone to share the costs of running too and from work.
Have a look at the food bill, can you cut costs or get better value for your money by not buying conveniences, sweets and junk food.
Take a look at your utilities; switch off the lights and electronic equipment when on standby, cut back on water and gas usage.
Nowadays you won’t be looked at as being a miser or skinflint but a global friendly eco warrior.
What I am saying here and I think you will agree, with a little bit of thought and effort you can change your habits and lifestyle in small ways to find that 10% you need to start the ball rolling.
Take an honest look at the No 1 Rule of Wealth Creation “Pay Yourself First” and you will soon see how to turn these small gains into massive wealth creation.
Apr
18
How can i register for internet marketing and making good money?
Filed Under Wealth Creation | Comments Off
Igharosa B
i want to know where and how i can register for internet marketing and start making money.
Powered by Yahoo Answers
i want to know where and how i can register for internet marketing and start making money.
Powered by Yahoo Answers
Apr
14
(mlm) Making Money Update Spider Web Marketing business GDI
Filed Under Wealth Creation | 13 Comments
gdileader10
freedom.ws How to make money online using MySpace (Youtube Video) Want to Make Money off the Internet using Myspace and other social networks? Would you like to get paid $15000 per month doing a super easy home based computer job? make money online today! Get started in the next 5 minutes! I personally earn over $15000 dollars per month doing easy pc job. There are already hundreds of home workers world wide! This is the next ting in making money online. Visit the website now, signup and …
Apr
11
Truth and Consequences About Asset Protection
Filed Under Wealth Creation | Comments Off
Tory D Allen
It is no secret that the United States is the most sue happy, litigious society on earth. That said, it is important to note that many of these lawsuits are a necessary component of our legal system, and possibly the only means to right many of the wrongs that occur in our society on a daily basis. Unfortunately, the flip side of this observation is that many of these lawsuits are based on nothing more that an attempt by one party, with the aid of an unscrupulous attorney, to seize as much money as possible and generate a financial windfall for the suing party.
To help combat this legally facilitated form of extortion, was born the concept of Asset Protection. In short, asset protection refers to the legal techniques of protecting one’s assets from judgment. Asset protection is based on the principle that any asset held in your name (minus a few exceptions), can be seized by a judgment creditor; therefore, any asset not held in your name is exempt from seizure. Unfortunately, many so called “experts” that provide asset protection services have been offering services that range from unethical all the way to advising their clients to commit acts that are outright illegal. This article attempts to dispel some of these widely held myths regarding asset protection and provides some general guidance for determining when you are dealing with an ethical asset protection advisor and when you are receiving bad, perhaps illegal, advice and you need to turn around and run away.
Some advisors are touting Nevada corporations as a way to hide from the Internal Revenue Service (IRS) and thus avoid paying taxes. Take for example the recent case against the Asset Protection Group, headquartered in Las Vegas Nevada. At first glance, this company appeared to be a legitimate organization providing advice regarding how to protect yourself and your assets from seizure. They had expensive promotional videos and a nice professional looking office. They even had a well known celebrity endorsing their services in a commercial. However, according to a recent court complaint filed by the Federal Trade Commission, if you cracked the shiny outer coating you found that the Asset Protection Group was run by two men: one with a suspended law license and another a convicted felon. Among the many services that this group provided, including some that were completely legal was the option of having the company listed as the sole signatory on their clients’ corporate bank accounts. This effectively hides the corporate owners from the tax liability of the company and according to the Asset Protection Group’s own marketing materials, helped shield their clients from “capricious federal judges and any government agency”.
This is one of the biggest myths regarding asset protection: It is not about hiding your assets. A reputable asset protection advisor will tell you to transfer the asset from your personal name, into an entity which you control. However, hiding your assets from creditors and the government is not a sound asset protection strategy for several reasons.
First, if you rightfully owe money to the IRS you are required to pay it. Second, if you are brought to a debtor’s exam, you will be forced to disclose what assets you have under penalty of perjury. A properly designed asset protection plan allows a debtor to disclose what assets they control, without sacrificing the protection. Anyone who tells you that setting up a corporation is a means to hide your assets and evade paying taxes is nothing more that a criminal who is advising you to join in their scheme.
Also, be wary of anyone who is advising you to shield yourself through the use of “bearer shares”. Bearer shares are corporation stock certificates which are owned by the person who holds them, the "Bearer", and are not recorded under the owner’s name. Some unethical asset protection advisors tout bearer shares as a means to shield the ownership of a corporation and thus evade the tax liability associated with the corporation. The IRS has been aware of the practice for a long time and if they catch you using bearer shares to avoid paying taxes, be prepared to take an extended vacation in a federally funded resort with no pool and plenty of concrete. Any ethical asset protection advisor will tell you that the use of bearer shares is a BAD idea and if some expert is telling you otherwise, politely excuse yourself and run away- quickly.
Further, be aware that any advisor telling you it is possible to absolutely “bulletproof” your corporation from liability is lying and they are simply after your money. There is no magic cloak of protection from liability. That being said, a sound asset protection plan is an essential part of the success of your business. Although you cannot protect all your assets from legitimate claims, proper asset protection can limit the assets exposed to those legitimate claims. With proper planning and advice, you should be able to adequately limit your personal liability and protect yourself from illegitimate claims and unscrupulous individuals.
For further information regarding the correct way to protect yourself, contact the knowledgeable staff at Corporate Direct at www.corporatedirect.com
It is no secret that the United States is the most sue happy, litigious society on earth. That said, it is important to note that many of these lawsuits are a necessary component of our legal system, and possibly the only means to right many of the wrongs that occur in our society on a daily basis. Unfortunately, the flip side of this observation is that many of these lawsuits are based on nothing more that an attempt by one party, with the aid of an unscrupulous attorney, to seize as much money as possible and generate a financial windfall for the suing party.
To help combat this legally facilitated form of extortion, was born the concept of Asset Protection. In short, asset protection refers to the legal techniques of protecting one’s assets from judgment. Asset protection is based on the principle that any asset held in your name (minus a few exceptions), can be seized by a judgment creditor; therefore, any asset not held in your name is exempt from seizure. Unfortunately, many so called “experts” that provide asset protection services have been offering services that range from unethical all the way to advising their clients to commit acts that are outright illegal. This article attempts to dispel some of these widely held myths regarding asset protection and provides some general guidance for determining when you are dealing with an ethical asset protection advisor and when you are receiving bad, perhaps illegal, advice and you need to turn around and run away.
Some advisors are touting Nevada corporations as a way to hide from the Internal Revenue Service (IRS) and thus avoid paying taxes. Take for example the recent case against the Asset Protection Group, headquartered in Las Vegas Nevada. At first glance, this company appeared to be a legitimate organization providing advice regarding how to protect yourself and your assets from seizure. They had expensive promotional videos and a nice professional looking office. They even had a well known celebrity endorsing their services in a commercial. However, according to a recent court complaint filed by the Federal Trade Commission, if you cracked the shiny outer coating you found that the Asset Protection Group was run by two men: one with a suspended law license and another a convicted felon. Among the many services that this group provided, including some that were completely legal was the option of having the company listed as the sole signatory on their clients’ corporate bank accounts. This effectively hides the corporate owners from the tax liability of the company and according to the Asset Protection Group’s own marketing materials, helped shield their clients from “capricious federal judges and any government agency”.
This is one of the biggest myths regarding asset protection: It is not about hiding your assets. A reputable asset protection advisor will tell you to transfer the asset from your personal name, into an entity which you control. However, hiding your assets from creditors and the government is not a sound asset protection strategy for several reasons.
First, if you rightfully owe money to the IRS you are required to pay it. Second, if you are brought to a debtor’s exam, you will be forced to disclose what assets you have under penalty of perjury. A properly designed asset protection plan allows a debtor to disclose what assets they control, without sacrificing the protection. Anyone who tells you that setting up a corporation is a means to hide your assets and evade paying taxes is nothing more that a criminal who is advising you to join in their scheme.
Also, be wary of anyone who is advising you to shield yourself through the use of “bearer shares”. Bearer shares are corporation stock certificates which are owned by the person who holds them, the "Bearer", and are not recorded under the owner’s name. Some unethical asset protection advisors tout bearer shares as a means to shield the ownership of a corporation and thus evade the tax liability associated with the corporation. The IRS has been aware of the practice for a long time and if they catch you using bearer shares to avoid paying taxes, be prepared to take an extended vacation in a federally funded resort with no pool and plenty of concrete. Any ethical asset protection advisor will tell you that the use of bearer shares is a BAD idea and if some expert is telling you otherwise, politely excuse yourself and run away- quickly.
Further, be aware that any advisor telling you it is possible to absolutely “bulletproof” your corporation from liability is lying and they are simply after your money. There is no magic cloak of protection from liability. That being said, a sound asset protection plan is an essential part of the success of your business. Although you cannot protect all your assets from legitimate claims, proper asset protection can limit the assets exposed to those legitimate claims. With proper planning and advice, you should be able to adequately limit your personal liability and protect yourself from illegitimate claims and unscrupulous individuals.
For further information regarding the correct way to protect yourself, contact the knowledgeable staff at Corporate Direct at www.corporatedirect.com
Apr
8
Assets protection and security careers?
Filed Under Wealth Creation | 1 Comment
dancingdilemma
Do you have any info regarding asset protection and security careers? I am about to transfer to EKU and I REALLY need to declare a major. Any information will be helpful.
Powered by Yahoo Answers
Do you have any info regarding asset protection and security careers? I am about to transfer to EKU and I REALLY need to declare a major. Any information will be helpful.
Powered by Yahoo Answers
Apr
7
DouglassLodmell
Asset Protection Attorney Douglass Lodmell explains how the Family Limited Partnership and the International Asset Protection Trust work to protect your assets.
Apr
6
Does the success of a society depend on economics or ethics?
Filed Under Wealth Creation | 4 Comments
….__<>__….
One of the most authoritative theories about the constitution of society in the modern world is that economics and economic relationships define the fundamental structure of all social relationships, indeed of society itself. Both Adam Smith and Karl Marx, in their very different ways, either asserted or implied the primacy of economics and economic relationships as fundamental to the existence and evolution of nations and to the creation of wealth. But these views displaced an older conception of society which considered ethics and ethical codes as the fundamental bedrock of societies. In that older view, the success of a society was judged by its adherence to the ‘good’ rather than to its store of accumulated wealth. Ethical codes may have had a religious dimension, but it was the way conduct and behavior were regulated by or referred to ethical judgement that allowed for the stability, maintenance, and success of social relationships and, hence, of society as a whole.
this came from an essay topic for the 2007/2008 national Humanitaries essay competition at UBC…
Powered by Yahoo Answers
One of the most authoritative theories about the constitution of society in the modern world is that economics and economic relationships define the fundamental structure of all social relationships, indeed of society itself. Both Adam Smith and Karl Marx, in their very different ways, either asserted or implied the primacy of economics and economic relationships as fundamental to the existence and evolution of nations and to the creation of wealth. But these views displaced an older conception of society which considered ethics and ethical codes as the fundamental bedrock of societies. In that older view, the success of a society was judged by its adherence to the ‘good’ rather than to its store of accumulated wealth. Ethical codes may have had a religious dimension, but it was the way conduct and behavior were regulated by or referred to ethical judgement that allowed for the stability, maintenance, and success of social relationships and, hence, of society as a whole.
this came from an essay topic for the 2007/2008 national Humanitaries essay competition at UBC…
Powered by Yahoo Answers