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...
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...
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...
The 3 legal ways to Build a Tax Free Retirement (Part 1)
Posted: January 30, 2015
There’s a reason why CPA Ed Slott, one of the nation’s leading tax expert, says that taxes are the biggest risk you’ll face in retirement. In order to cover the skyrocketing debt and obligations like social security and Medicare, tax rates must double in order to pay for everything. Don’t believe me? Just ask David M. Walker, former Comptroller General for the US Government Accountability...
