Gold is the wealth of kings……
Silver is the wealth of gentlemen……
Barter is the wealth of peasants……
Debt is the wealth slaves!!!!!
-Norm Franz.
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RICH CAT, POOR CAT.
29 Aug
Even my cat is reading Rich Dad Poor Dad!!!
Even my cat knows we need to get our global financial purses in order.
Now it seems funny. Heck it is.
However the sad truth is not enough people are focused on their financial education. Even fewer people are focused on their financial well being. The average American is simply following what their payroll secretary instructs them to do. No offense to the payroll secretaries of the world but they are not financial advisers. They do not have to be. It isn’t a requirement. And in fact in many ways they don’t have your best interest at heart. They may round your overtime down per instruction. Hey legal or not that puts them against the dollars you earn when you trade sweat equity for a paycheck. below I’m going to give you my ideas on a few investments, assets, financials you need and or don’t. Ahead of time let me say I am NOT, repeat NOT a financial advisor. I’m just a well read, educated guy from the city that learned the hard way. Feel free to challenge me on redirect- also known as the comment section.
-Investments.
Many people are banking on investments they don’t understand and don’t control to see them through to the end. Regardless of. Lifespan. Sadly after the last crash- the game of economics has changed. I’m not being callous either. Your life isn’t a game but when you let strangers play with your money and wish for the best- you are doing worse than a guy who plays monopoly with his dog. Solution: ask questions. Find out what the fees are. What is your guaranteed ROI aka return on investment. If you can’t understand the product they sell you- Walk away. They get paid to educate you and serve you! Investments don’t have to be stocks and bonds. They can be metals, rental properties, reits, and many more. Look around. Educate Yourself.
-Assets.
Assets build for you essentially. A house you own free and clear is an asset. A sack of junk silver, also known as a bag of coins with no numismatic value and a high amount of silver in them, that’s an asset. A Porsche is not an asset. A cool toy and a burden on your wallet is what a Porsche is.
A rental property with positive cash flow every month is an asset. A home you live in with a mortgage is not an asset in my opinion. If you can lose it or you can’t pay it off in one swipe, then it is a burden. Now people with mega bucks may use a mortgage and a jumbo loan to create certain incentives and complicated fiduciary vehicles to benefit them. I’m not that guy and most of is aren’t either. So skip them lol. In essence an asset puts money in your pocket.
-Liabilities.
Back to the Porsche. Its awesome. I want one. I drive a Honda Accord sedan. You family can and no kids lol. I’m trying to plan ahead. My car is not an asset either. When I leased it however I had a nice tax write off for my home business. See how you can work things? Your home- sorry. Liability like I said before. Mortgage, insurance, maintenance, hoa dues, water bill, electricity- the list goes on. And heaven forbid your boiler or hvac system goes. Got 10 grand sitting around? The play station 3 and surround sound system your kid had to have- pricey liabilities. Oh and the 70 inch Sharp Aquos. Great tv. Li-a-bi-li-ty! Now you need shelter and transportation but evaluate your means and needs. Nothing wrong with having wants too. However find a balance. Don’t be ignorant. Don’t keep up with the jones’. Build your future.
-Physical wealth.
I love physical wealth. Gold, silver, platinum palladium- AMEN! These are my ideas of Assets and Investments. Gold has historically been a way to hedge against inflation and store wealth. Silver as well. Silver coins are highly collectible and can be fun to collect and teach the kids money lessons with. Sealed, signed, graded coins are considered numismatics and can gain value beyond their weight in silver or gold. You can buy junk silver as well. Try this- sort your silver coins for a week. Anything from 1965 or early has a decent chunk of silver in it. A 1960 nickel is 2 bucks. The quarter is 8 bucks. Now of course this all depends on silvers value as adjusted daily, but I assume you see the idea. Questions or want more info on this- reach out to me asap.
-Savings accounts.
Both are good. You should save a portion of every dollar you make until you die. No excuses. No usage. Ask your bank to remove $25 bucks from every check, $10 if you can’t squeeze it out. This way it goes right to savings and you don’t spend by accident. Putting money away for Christmas, or a new car is smart too.
-Emergency fund.
This builds off of the previous. We all need x amount of dollars set aside for life’s hardships. Suze Orman says save six months of living expenses. I concur but that’s a lot of money for all of us. So start with 1000 dollars as your initial goal. You can get there faster than you think.
-Fees.
This is money you can use to build that emergency fund.
checking fees are killing most people. Use direct deposit or get the most basic service you can.
Monthly installment geico vs 6 months upfront. This will save you 60 dollars a year. If you make the payments upfront you skip the fees. Life insurance does the same and so do many other payments. Mortgage and car- send am extra 100 bucks a month to- THE PRINCIPAL. This will reduce interest and fees. It will also add about a payment a year. Lastly this kind of math will take years off your mortgage and months or years off your car loan. Think folks.
Lastly- you don’t need the Cable gold package. You want it. Get the basic. Heck, get Netflix and only the internet. That 80 to 100 dollars you save monthly will give you 960 to 1200 dollars a year!
Are you with me yet folks?
There is money in your wallet/purse. You have to want it though. Do you need change? Tired of the boss? Want to get rid of debt. Well I just gave you some concepts and strategies and info you may not have been privy to before. Use it. Grow.
And remember:
You #thriveorsurvive by your own hand.
#thriveorsurvive.
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.
The zero budget (start up)
8 JulThe zero budget (start up)
How you say?
The million dollar question. And its never easy. Yet it is doable. We can all attain anything we want if our minds accept that nothing is beyond our reach. I’ll layout some steps here and I welcome you to add to them and educate me. We all win in group discussion.
-Blog
Blogging has taken the world by storm.
It is perhaps the new version of the net. The net proliferated education and skills beyond anyone’s imagination. And some people want you to not get there either. Well too bad for them. Youtube changed an era. And I advice you use it. It ranks 3rd behind only google and facebook on Alexa. So do that people. However today we will discuss blogging. Blogging put customized web and sites in the palm of your hand. You can be anything. Do anything. And it is easy!
Step one- start a blog. It doesn’t have to be the best. Momentum is built by action.
Some concepts now:
*Blog(s) generate results. In most cases though it is passive. Meaning six to nine months for ROI. Yup 6-9 months for a Return On your Investment. So start now! This simple, FREE option can build a world of opportunity for you.
*Blog for cash.
You can literally blog for cash. By providing quality content for others you can garner a paycheck and make yourself look pretty darn good. On average you will do two to three bucks a 500 word article. But if you grind out its there- money for the taking.
This will also build your online reputation aka your rep which means people will know you from a distance. People will see you as quality before your pitch. And there in lies the win. on their dime. Not to say you should abuse the concept- but if you simply make it work everyone wins.
-Barter for more back-linking.
So you are blogging away. And you’re pretty darn successful. So make sure you get the rights to extreme back-linking. Now there is not a big difference in back-linking when you are beginning. Just get it done. Make sure you are getting every possible option for back-linking you can. You back-link for me you force my hand. And the same for every other person you do business with. Money and business require we get everything we are entitled too. So do it folks.
-Get the deadlines done that pay.
Simple. Elegant. To the point. If your venture requires X amount of recruits to lower your cost- why aren’t you doubling that number?
My venture has a Refer Three get Yours Free option. And it is my main goal. Not just to make money but save it. That’s good business. Need in? Make a choice people.
In every option there are points that will dictate your costs and success options. If you don’t commit and make it to level three-
How do you get to level four? Pardon the cheesy video game analogy but I feel my core audience agrees.
-Tax write offs.
Yup. They mean you make money on simply doing the right things. The USA, the IRS both reward small business owners. Why would you NOT accept their grace and good wishes. There are a plethora of tax breaks, deals, and write offs you can use. I’m not an expert so speak to one people. Therein lies the knowledge you need. But I can tell you for a fact that you will save thousands which will make thousands. So that’s a win-win. And at the least you will build a future like I am by writing off dollars for dollars.
(Ask me how)
-Thrive don’t survive.
Always spend less than you make.
This one step enables you to invest in a business.
And this step supersedes indirectly the tax step. It works. When you are smart in this method the dollars you spend are then recouped at tax time.
When you aim to thrive and not survive you are ahead of the curve. We must spend in the right direction. At times college is NOT the answer.
What is the answer is aiming for more. Keeping receipts.
Spending dollars that duplicate.
And if your job pays eight hundred, than you learn to live off of seven hundred.
#thriveorsurvive.
“Education comes from within; you get it by struggle and effort and thought.”
-Napoleon Hill
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat.
Changeinadvance@gmail.com
http://www.changeinadvance.com
@changeinadvance
Or simply reply to this article.
#thriveorsurvive
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11 Money-Saving Strategies (via cnbc.com)
4 May
11 Money-Saving Strategies
In challenging economic times, people look for different ways to save money and clean up their finances. It pays to educate yourself so that you can make informed decisions about budgeting, investing and other aspects of your finances. While the biggest savings come from limiting your spending to the cash in your wallet, the trick is to set reasonable goals.
Simple steps, such as paying off your credit card balance each month to increasing your contribution to your retirement account, are attainable and worthwhile goals. A good approach is to start with a few things that are so easy to fix that you’ll stick with the program.
Another way to save is to take a second look at big-ticket items, such as insurance. For example, switching from whole life to term will save money and increase cash flow.
You may be surprised how quickly these changes can add up to real money in your pocket.
Read on for more money-saving ideas that can improve your financial position in the months and years to come.
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Changeinadvance 