Archive for the ‘Practical Issues’ Category
Wednesday, November 4th, 2009
Your spending plan measures how your actual expenses match your desired expenses, and is also a guide to future spending, promptly paying your bills, and maintaining your good credit.
A Family Spending Plan is Critical
- 80% of all divorces in the U.S. are related to financial disagreements or difficulties.
- Americans have accumulated $400 billion in consumer debt. The average household has in excess of $20,000 of non-mortgage debt. (25% of all consumer purchases are by impulse)
- Only 3% of Americans have a plan for retirement. (more…)
Posted in Family, Practical Issues, Priorities, Spending Habits, Wealth Building | No Comments »
Saturday, October 31st, 2009
by Mark “Gunny” Thomas
Rule #1: Choose a profession that allows you to spend plenty of dedicated time with your spouse and children, even it means less money and a step down in lifestyle. The lost years of your offspring’s childhood can never be recaptured. I know personally many men who have had successful careers and fulfilling family lives at the same time; they can and should go together. If you are struggling over the temptation to trade off riches for family life, let family win the debate. Maybe you need to settle for mere prosperity instead of wealth. Attend every major or minor event in your children’s lives — dance recitals, baseball games, etc. — and elevate your wife to Queen of your home, but don’t be an absentee sovereign. (more…)
Posted in Family, Practical Issues, Priorities | No Comments »
Saturday, October 24th, 2009
Surveys show that an estimated 60% of property is overtaxed, yet few people even know they can do anything about it. Everyone needs to review their property tax assessment to determine if it is accurate. It is possible to appeal your property tax assessment and the money you save will be well worth your efforts. (more…)
Posted in Practical Issues, Wealth Building | No Comments »
Saturday, October 17th, 2009
Most of us have been programmed from the beginning of our lives on this earth to become employees. We are taught to get a good education, so we can get a good job and then retire comfortably on our 401K. Well, we all know that formula isn’t working for about 95% of the population. The key to success in the new economy is getting out of that employee mindset and expanding our minds and our income streams. (more…)
Posted in Business and Tax, Home Based Business, Practical Issues, Wealth Building | No Comments »
Friday, October 16th, 2009
By Jack Canfield
When Mark Victor Hansen and I published the very first Chicken Soup for the Soul book, we were committed to making it a bestseller. We asked 15 of the best-known, best-selling authors for guidance and advice. We visited with book publishing and marketing gurus who gave us even more information. We bought books with ideas on how to market books. And the result? Thousands of possible promotional strategies and an overwhelming list of action items. (more…)
Posted in Home Based Business, Practical Issues | 1 Comment »
Saturday, October 10th, 2009
Essential Qualities for Owners
Over the last few days we’ve been examining what it takes to be a successful small or home-based business owner. In our last article you had the opportunity to examine your strengths and weaknesses. It’s important to realize that you can still be successful even if you don’t possess every skill the “experts” say are needed to run a small business. There are, however, certain qualities that are more important to possess if you’re going to be successful. Let’s take a look at them: (more…)
Posted in Business and Tax, Home Based Business, Practical Issues | No Comments »
Wednesday, October 7th, 2009
Have you decided to start your own business? Generally, people who start their own businesses can be grouped into two broad categories. The first group consists of people who know exactly what they want to do and are merely looking for the opportunity or resources to do it. Usually, these people have already developed many of the skills necessary to succeed in their chosen field. They are also likely to be familiar with industry customs and practices, which can help during the startup phase of a new business.
The second group consists of people who want to start their own business, but don’t have any real definite ideas about what they’d like to do. While these people have developed skills in the course of their employment or education, they may not be interested in opening a business in the same field of endeavor. (more…)
Posted in Business and Tax, Home Based Business, Practical Issues | No Comments »
Wednesday, October 7th, 2009
In a recent survey, many of you stated that you could really use some help with Business Start Up, so this article is for all of you out there that have taken the plunge with a new business.
Remember don’t attempt to do it alone; surround yourself with experts! Tap into the wisdom of legal expertise in your particular field, accounting expertise, tax strategists for small business and other successful business owners to avoid some of the common pitfalls. (more…)
Posted in Business and Tax, Home Based Business, Practical Issues, Wealth Building | No Comments »
Tuesday, October 6th, 2009
No one likes a budget because it sounds too much like a diet for your finances and conjures up visions of lack. Instead of using the ‘B’ word, we focus on a proactive Spending Plan. It is a habit that you will form to make concise and well-informed decisions about where your money goes. (more…)
Posted in Practical Issues, Wealth Building | No Comments »
