How the Wealthy Think About Money
Posted: May 11, 2015
A friend recently wrote about why he will never buy a timeshare. I’d like to share what he had to say with you. He wrote: “There are three major paradigm shifts. They are what I call prosperity perspectives. Consider the following: #1: COUNTING THE TOTAL COST The first is what I call counting ALL the costs of a purchase, the TOTAL COST. When we want...
Health in the News
Posted: May 11, 2015
Stay healthy with these simple tips: A healthy lifestyle isn’t that hard to achieve. Start with these basic tips for getting into good shape and staying there: Energy. For more energy that lasts longer, avoid sugar and eat foods like lentils, soybeans, couscous, and dried fruits. Water. Make sure that you drink plenty of water every day to replenish and cleanse your body. Happiness. Pop...
Explore and Overcome Your Fears
Posted: May 11, 2015
Most people feel fear, but successful people refuse to let it overcome them. You can learn to control your fear and rise to any challenge with this advice: Analyze your memories. Look back over your life. What situations have made you feel afraid? Do you see any common denominators? When was the last time you were afraid of something and did it anyway? Examine your...
4% Rule Busted
Posted: February 18, 2015
Let’s say you have a 1 million dollar nest egg, and you want this to provide an income for life. The 4% rule says you should be able to take 4% of your nest egg income and have it last for the rest of your life. Well, 4% of $1,000,000 is $40,000. You still have to pay tax on this because it’s more than likely...
The 3 Legal Ways to Build a Tax Free Retirement (Part 2)
Posted: February 9, 2015
The 3rd option is found within IRS Code 7702. It provides tax deferred growth and tax free access to cash value built up inside a life insurance contract. You have to be careful with this because if not done correctly you can lose your tax benefits, and your money. There are 3 different types of life insurance contracts that can provide tax advantage retirement cash...
