Calculate Your Net Worth

·                             Get a clear understanding of your financial status; calculate your net worth by adding up your cash       assets, property, and personal belongings, and then subtract your debt, including home mortgage and credit cards. You’ll have an instant idea of your net worth. One general paradigm to use as a guide: a healthy net worth equals your age times 10 percent of your pretax income. What a wake-up call, eh?

·                             Manage and track your spending. You’ll soon see where you over-indulge.

·                             Start a savings account, and save as much as you can. You’ll need it, trust me.

·                             Reduce credit card spending. Duh.

·                             Ask for a raise. Duh.  

·                             Be reasonable with yourself; if you can only save a little, then save a little. Remember the old adage that “if you put a little on a little, soon you will have a lot.” 

·                             Protect yourself: maintain a marketable skill. Continue to learn – even when you must duck out of the job market periodically to have children, or attend to other family responsibilities, you want to be able to jump back in when you’re ready.

·                             Retain a financial advisor.

·                             Adhere to the basics of financial planning: spend less, save and invest more, and follow a plan.

·                             If you’re married, know what your personal financial liabilities are. If your husband or partner declares bankruptcy, you could be forced to claim bankruptcy too. What then?

·                             Make sure you have adequate insurance coverage.

·                             Help yourself. Take some responsibility for your own future. Open a retirement account, like a 401(k), or IRA, and invest as much as you can in it.

·                             Be honest and open about your feelings and expectations regarding financial arrangements.

·                             Communicate. Work out a harmonious budget that brings into balance all the contributions both of you make to your life together.

Back Burner = Procrastination

When was the last time you turned to the things you put on the back burner? Well, it's about time to get those ( to do's) out in front. For the past few weeks I've been getting some important things back into the works of daily moving forward.

How about some earlier methods that you've out grown/used? Maybe using them again with the new knowledge you have obtained will change the out come. Rereading some of the books that got put on the shelf is a great place to start.
Problogger


Research methods that have become old or just forgotten. Bring some of them back to the front and see what you come with. I have recently gone back to some basic sites that I have stored useful information on and reread the news feeds. Found out how I have lacked and improved.

Focus back on a very narrow road of organized effort so, so much of that useless information just seems to clutter time, energy, and effort. Maybe you want to check how your positive energy is in your home, office, or self (spiritual).

Blog Hop

Here's a great new tool I want to share with you. Many times while reading many blogs I found that just following and adding a link in the comments section is one way of generating traffic. With this linky tool you get a button to put on others blogs. How easy it that to get more traffic.

Just follow the instructions below and start building.

Be Smart About Your Health: Benefits Planning Made Simple

Health Benefits in 60 minutes or Less
This fall is Open Enrollment it's the opportunity to take a look at your spending for the up coming year. To live a frugal life one must get through the paper work of their health care provider. With Twittermoms and Aetna gives people the tools and “know-how” to save time and money while making the best health decisions during Open Enrollment and throughout the year.




Here's five things to do;
1. Prioritize - what are your families needs for future health care. The Health Benefits Priorities tool will direct you to a plan that meets your needs. Kids are every changing and so is our health care.
Have you thought about putting pre-tax dollars into a flexible spending account. FSA gives you money to spend on some health expenses and can save you money.
2. Calculate - take last years expenses and find an online service where all doctors visits and prescriptions can be seen as total expenses. Expert advice from the Financial Planning Association® on how to best manage health care spending. Could you change to online visits? Do you use generic prescription drugs?
3. Predict - What types of visits do you see forthcoming in the next year. Are you pregnant, what will it cost to deliver and then child care expenses. For respectable and credible information Aetna InteliHealth®
4. Compare - A Personal Health Record(PHR) stores health-related information in a password-protected online record. The at-a-glance record helps you play a more active role in your health care — and may even save you time and money. A Physicians network is where you can check online list of physicians who have a set negotiated services for a health care provider.
5. Power hour essentials -don’t put it off
• Save receipts. File FSA expenses right away!
• Use in-network resources like doctor finders and preferred drug lists.
• Use online tools like treatment cost estimators and personal health records.


Many providers are also going green and taking into the consideration that consumers are now looking for ways to save time and money. Over 70% of Americans are now looking at their health care where as making a healthy meal. Going to the dentist for a cleaning. Taking a yoga class was all they needed to do to boast their health care program.

I wrote this blog post while participating in the TwitterMoms and Aetna blogging program, making me eligible to get a $30 Target gift card. For more information on how you can participate, click here.”

Walls of Limitation Built Through Habit

Millions of people go through poverty and want because they have made destructive use of Habit. Not understanding the laws of habit and attraction through which "like attracts like," those who remain in poverty seldom realize that they are where they are as the result of their own acts.

Formation of Habit of Saving does not mean that you shall limit your earning capacity and you'll never earn more than that. It means the opposite - that it places you in greater means of opportunity, vision, and self-confidence. The imagination, the enthusiasm, the initiative and leadership actually to increase your earning capacity.

Understanding this great law of Definite Chief Aim you set up, in your mind to set up practical plans for attaining the object or purpose. Through the law of habit you keep this fixated in your mind.



You will actually demand prosperity.
14 ways to get back on track

Sharing ten helpful tips for a cleaner, greener home

I love having my home smell like the outdoors this way the experience walking into my home is like non other. I tried to replicate the experience that I enjoyed walking into a herbalist home where she sold many different items. Now that twittermoms and Mrsmeyers have joined together to help others in on having a cleaner, greener home. I can share with you some of the things I've been using in my home.



Here's my list of cleaner, greener home tips:

1. Oils-
For replacing a dull shine on your furniture, try using some of your favorite essential oils and make sure their pure. Such as peppermint in your living room for a pleasant scent.
2. Disinfectant –
For replacing the chemical smell with a pleasing smell of lemon, grapefruit, cinnamon, or rosemary. Most disinfectants have violable organic compounds (VOC) found in disinfectants.
3. Woods –
Use wood that is sustainably harvested wood by the Harvest Stewardship Council or old barn flooring. Composite wood products, prolonged and chronic to VOCs can lead to cancer, liver and/or kidney damage, and central nervous system. Short term exposure can bring on dizziness, vomiting, breathing problems and irritations of mucus membranes in eyes, mouth, and nose.
4. Paints –
When buying paints buy low – zero VOC water based paints there comparable in price as well as durability. Clean with a mild cleaner and a scent that is comparable to the rooms atmosphere. Eg. Office chose rosemary, basil for concentration.
5. Carpets –
If you prefer carpeting choose natural fibers. Carpets are usually treated with soil resistance, fire proofing and moth treatments. These are toxins while adhesives are also toxic.
6. Dusting-
Using an ostrich feathers to pick up the dust. Learn to sweep this duster correctly as to not push the dust in the air. Dust carries toxins and we just don’t need to breath them in. Just knock the dust off on your shoe and then vacuum as normal.
7. Vacuums –
Finding a vacuums that uses water to filter with is a good choice. Most newer ones use the HEPA filter system that is also a very good. Usually choosing a upright is not the best choice as these don’t not clean under beds and dressers. Try choosing one that you can pull behind or use an smaller vac for these jobs.
8. Air fresher’s –
For replacing a bad smell with a good one, try simmering a pot of your favorite herbs and seasonings such as cinnamon sticks with cloves. Or, for a sweet smell, stick with the all natural oils and use an oil burner. Vanilla or lavender oils are fantastically soothing fragrances for you and your pet, and lemon or orange oils can help perk your home up.


9. Rule #1
If its not dirty don’t clean it. Why use more cleaning products to clean something if it’s not needing it. The end result is more build up and less time doing the things you would rather be doing.
10. Alkaline water -
Alkaline water used with cleaning has an attraction rate much stronger. Dirt is loosened and easily taken away from surfaces. I love the idea that it takes less than 1/3 of the normal amount of cleaning product to get better results. I have cleaned things that I have failed for many years with just this water. Imagine what you could clean.

I have really taken some time to learn some new and interesting things about cleaning I hope that you'll have a cleaner safer home. While spending more time doing the things you love most. Thanks for reading.

All of our cleaning supplies are earth friendly -- biodegradable, phosphate-free, and not tested on animals. Cleaning is something we all have to do. So why not make it just a little more enjoyable?
More info: http://www.mrsmeyers.com

I wrote this blog post while participating in the TwitterMoms and Mrs. Meyer’s blogging program, making me eligible to get a $30 gift card. For more information on how you can participate, click here

Homeowners Who Just Leave the Home Vacant

Bail Out is what I want. Facing foreclosure sure a bail out is what most hope for. Homeowners who just leave the home and hope someone else will take care of the headache is just as bad as an EOC. People leaving their homes and just getting on with life has been the choice of many making their life easier while the job market is well (it's been better) in a depression.

While many home owners are attempting to leaving their home and / or going bankrupt on the short term plan this is a quick fix and a long term problem. In a consumer frame of mind we live in a here and now where, many live like - we want it we want it now and super size it. Sounds childish but, its true for almost all areas of our life.

While companies and investors market too many homeowners in pre-foreclosure there's a hug hand full of letters that come back with a Vacant stamped on them. Denial is a problem and just quitting is a great way to solve an addiction but, not suggested for your financial situation.

Did you know that denial is the number one reason many citizens are diagnosis with some type of mental problem? Sure if you solve your problem the wrong way is it going to bite you in the ass sooner or later. There is a way to solve problems go read a book or call someone; do your due diligence. Divorce, death, illness, loss of job.

Options are accessible and many times free so, why not take advantage of the opportunity. Making a plan and sticking to it but, make a plan that is obtainable. Take a good look at your self first are you disciplined and frugal. Hopefully you're not one who is EOC (economic outpatient care) that's money from their parents in the form of trusts, gifts, etc...

For up to date info Subscribe to http://justineclark.wordpress.com or call my office 740 922-2387 for a free consultation.

Ten tips for saving money during the back-to-school season

My son said the other day mom I'll be going back to school soon. I love spending all day with you. I replied so, do I. We really enjoy each others company but, I love the criteria and the education he's getting from school. I usually do my shopping at Staples for great savings especially, when items are sold for pennies on the dollar I buy for the entire school year not just the beginning.
Did you know that Staples is helping those disadvantaged and without an opportunity for school supplies? The 3rd Annual Staples Do Something 101 School Supply Drive is underway. The first two Annuals raised nearly one million for charities and Staples is prepared to help again! I think that's great community responsibility!





Not only that, Staples is offering a special discount to us TwitterMoms by printing out the coupon here to get 25% off select merchandise.

TwitterMoms and Staples provided another opportunity to spread how we save money for the back-to-school season and you can take part here.


1. Check what you have from last year and shop all year long for items on sale pencils, paper, folders, zipper pouches, glue etc..I've found items for on the penny to the dollar from Staples.

2. Cut out coupons from your newspaper ads some specials are listed just in the papers.

3. Use your reward cards or bonus points and look for great buy one get one free bargains or freebie items when you purchase something with your card.

4. Many communities have back to school days join the fun and get a helping hand with cloths, book bags and supplies.

5. Join your favorite stores (Staples) on you facebook OR (Staples) on your twitter account for great sales

6. Make as many different outfits with fewer cloths. Mix and match.

7. Buy cloths from other hand me down stores with less where on good cloths/new look.

8. Go online to order shop eBay's my favorite.

9. Swapping cloths party draw the name of who to swap with.

10. Yard sales are every frugal woman's paradise.

More info: http://www.staples.com
Join Staples on Facebook: http://www.Facebook.com/staples
Follow Staples on Twitter: http://twitter.com/staplestweets

I wrote this blog post while participating in the TwitterMoms and Staples blogging program, making me eligible to get a $50 gift card. For more information on how you can participate, click here

How to Change the World - Darren Hardy, Publisher of SUCCESS Magazine

This article could change the life you experience forever. No joke.

I want to show you how to completely change the world… in an instant.

This might be a bit controversial for many, and even more won’t have the stomach to do what I am suggesting…

via darrenhardy.success.com

Write a post like the one I've linked to above and you've got my attention! The rest doesn't disappoint and I agree completely having done what he suggests myself a few years ago. Students of mine will probably remember me urging you to do the same. Click on the link above and read for yourself and if you have any comments, please leave them in the comments section.

Note: Well written posts like this are exactly the kind of thing that grow your permission marketing base of fans. I don't have time to read any more on Darren's blog, but I'll be back...the post triggered me to follow him on Twitter. What could you write on your blog that will leave your audience wanting more?

Forclosure Appraiser

An appraiser has a far different role than the inspector that goes through a home on the market and writes up a report on its condition. Real Estate Appraisers operate under certification by one of two trade organizations: The Appraisal Institute and the National Society of Real Estate Appraisers. Both organizations maintain rigorous professional standards and have mandatory ongoing education programs.

Appraisers not only inspect the property but evaluate its value within the context of its location. An appraisal report will discuss interior work and finish, improvements, site, neighborhood, and a valuation section that addresses the value of similar homes in the neighborhood based on recent sales.

The “fair market value” of the property can be based on the cost of replacement; the “comps” – that is, recent sales of similar properties – and in some cases, the potential income of the property. Some evaluations combine a little of each.

Prior to a home purchase, the lender will have a home appraised after an offer has been made. The appraiser has knowledge of the offer and often returns with a valuation that closely matches the offer. Sometimes that is due to a reasonable offer guided by a seasoned real estate agent; in the past, sometimes the appraiser was perhaps more interested in continuing his business relationship with the bank.

A study of 300 foreclosed homes done in 1985 by the Mortgage Guarantee Insurance Association showed an average variation of appraisals done during the sale and appraisals for a foreclosure to be 20%. Some of these cases may well have been on properties that had not been kept up, in neighborhoods that were deteriorating, or during a housing downturn. Nonetheless, it led to considerable tightening of the professional standards for appraisers.

If you are considering buying a foreclosed property it may be worth your while to hire your own appraiser in order to evaluate the risks involved in the purchase. It is important to have some history on the neighborhood. You may find an extended period of homes losing value, based on sales prices over the last few years. You may find repair issues that the appraiser for the FHA or HUD missed. You should be able to make a knowledgeable purchase based on your interest and not the sellers.

This article is a very good source of information considering how tough the economy is today. Some times the littlest of things make a huge difference in the out come.

Stop Acting Rich...

Stop acting rich...and start living like a real millionaire. Have you ever wondered how some neighbors just are always living life to it's fullest. While others are just barley getting by with their expensive cloths, cars, homes, wine, and watches.

Well, I've just read another book by Thomas J. Stanley and inside is a full account of how some people are fugal in their living while others are just living a rich life. Have you ever heard to the phase "Big hat no cattle" in a description some people believe that if they buy expensive items that will get them into the upper class of society. They will be privileged and will attract others to notice them for their success.

Successful people are generally big budget people they take time to watch their every dollar and spend time learning how to invest their money. While buying practical living items that give them quality yet, cost efficient too. Why do, people try to buy their way into wealth?

Our fanisties are never going to equal our reality. Education and experience is how millionare got to be who they are. I recommend reading this book I am not affilated with Mr. Stanley or does he pay me.

My Most Triumphant Outlet Shopping Story

I love shopping for business suits at outlet stores there's such a big savings. I still buy business cloths but, on a very tight budget, so every dollar counts. I remember the very first time going to an outlet store at thirteen there was a line of women waiting for this place to open. When going in there were rows and rows of suits though out this warehouse. Savings up to 85% off and others were 40-50% off ticket price. I came out with a beautiful cream colored suit and skirt and a black jacket for very little money.

Here is the story behind the infamous suit purchases at Macy's.

We went to Macy's at North Olmstead and stopped at the women's clothing department.. A clerk named Sandy asked if she could help. I replied I was just looking around. She said there was a great deal she had on some clearance suits and what was my size. I said 5 regular and she then pulled out a grayish glen plaid Hart Schaffner & Marx suit I tried it on and the only alteration needed was cuffing the pants. The regular price was $695 on sale for $349.50. But the good news didn't stop there! She then said there was a special coupon she had which would take another 20% off, and if I reactivated a Macy's charge, then another additional 20% would be deducted off the total. Bottom line, the suit ended up costing me $222.40 before sales tax!

My next question to Sandy was; Do you have any other Hart Schaffner & Marx suits at that price? She said no, but she did have a Nautica blue wool in my size. Original price $495. my price thanks to Sandy, $158.40!

If this was a MasterCard commercial, my comment on buying two quality suits including alterations for a total price of $433.46, priceless!

More information on Gap Outlet and special savings for you:
Gap Outlet Offerings

Gap Outlet is offering up to 50% off on select Summer Styles from April 23 until May 6th! Also, Gap Outlet is offering an exclusive coupon code to the TwitterMoms community for an additional 15% discount on all purchases, with a minimum spend of $75. This exclusive additional discount is available to all TwitterMoms friends and family from April 26 through May 10.

Banana Republic Factory Store Offerings

Banana Republic Factory Store is offering up to 50% off all women's clothes from April 30 until May 19th! Banana Republic Factory Store is offering an exclusive coupon code to the TwitterMoms community for an additional 15% discount on all purchases, with a minimum spend of $75. This exclusive additional discount is available to all TwitterMoms friends and family from April 26 through May 10, so hurry to your closest location today.

Disclaimer "I wrote this blog post while participating in the TwitterMoms and Gap Outlet blogging program to be eligible to get a $20 gift card. For more information on how you can participate, click here.”

10 steps to buy “for sale by owner”

With approximately 20 percent of the real estate marketplace comprised of “for sale by owner” listings, many homebuyers are left scratching their heads wondering, “Do I need an agent to go ahead and buy that “for sale by owner” home?” Not only are agents not needed to buy a home, involving one during a FSBO transaction could actually hinder the buying process, as the agent would want the seller and/or the buyer to commit to paying an expensive commission fee.

To buy a “for sale by owner” home, follow these 10 simple steps:

1. Determine Your Budget: The first step in any home buying process is determining how much you can afford. It’s important to not overextend yourself. Luckily, there’s many Internet-based mortgage calculators that will tell you how much you can afford based upon your income, debt level, mortgage rate and available cash for a down payment. Visit our Mortgage Calculators page to determine your housing budget.

2. Get Pre-Approved: Now that you know the price range that you can afford, you’ll want to get pre-approved so that you can move forward in the home buying process. In today's market, buyers with a large down payment and a strong credit rating are more likely to obtain a mortgage. Start the pre-approval process by clicking here. Getting a pre-approval letter is a quick process that will tell sellers that you are a serious buyer who can afford their home.

3. Search For Homes: This part is simple. Just use the http://hotpads.com/ search page to find your ideal home.

4. Contact the Owner Directly: Unlike homes represented by an agent, there’s no middleman to interfere with you from getting directly in touch with the seller. Phone or email the seller and ask additional questions about the home that wasn’t on the online property description. If you’re still interested, agree on a mutually convenient time to tour the home.

5. Get a Valuation Report of the Home: Either before or after you see the home, get a valuation or property report to see how the home’s asking price compares to other recently sold homes within the neighborhood. It’s similar to a real estate agent’s CMA (comparative market analysis), and it will compare the home you’re considering to up to 20 nearby recent home sales. Remember that such property reports and CMAs do not factor in any recent renovations -- such as kitchen or bathroom remodeling -- so the price of the home will be affected accordingly.

6. Hire an Attorney: For a few hundred dollars, a quality real estate attorney will provide you with all the advice and counsel you’ll need to go from the offer to closing. Use a local attorney who is knowledgeable about your town’s ordinances when it comes to real estate transactions, as well as your state’s disclosure laws. Our Find a Pro page can help find an attorney near you.

7. Make an Offer: Now that you’ve seen the home firsthand and have a property valuation report, plus an attorney in your corner, you’re ready to present the seller with an offer. Your attorney should have the necessary offer forms and you can also visit our Real Estate Forms section for all the state-specific paperwork you’ll need.

8. Lock in Your Mortgage Rate: Assuming that the seller is entertaining your offer, you’ll want to shop around for the lowest mortgage rate. Quicken Loans has a fast, online mortgage approval process, and Bankrate.com has a great mortgage comparison tool that will give you current rates at major lending institutions. You should also visit local banks and contact mortgage brokers to price compare. Once you’ve settled on a lender and a mortgage product, they will lock you in that mortgage rate and give you a set amount of time to close the real estate transaction. A 30 day or 60 day “lock in” period is most common.

9. Get the Home Inspected: The next step is hiring a quality home inspector who will go through the home – from foundation to attic – to see what condition the home is in. A home inspector will cost $300-$600 and the inspection will take around 2 hours. You’ll get an inspection report outlining any mechanical or structural problems that the home might have. Again, visit our Find a Pro page to find an inspector near you.

Depending on the results on the inspection report, you might want to re-negotiate the purchase price. For example, the inspector might tell you that the furnace needs to be replaced. Negotiate with the seller to lower the price to compensate for any such expense.

10. Close the Deal: Your real estate attorney will handle most of the details at closing and, depending on your state and local area, will advise you on any special paperwork that needs to be completed between you and the seller. Your attorney and your mortgage lender will also assist you with coordinating the financing and providing payment to the seller. The seller will sign over the deed of the home and, voila, you’re the new homeowner!

Getting Money From a 1031 Exchange

As noted in the Property Selling section of this site, any money
you receive while using a section 1031 like-kind exchange is
considered "boot". Boot is fully taxable and is added to your
income. When you do a 1031 exchange for like-kind property, you
are required to roll over all cash you might receive in the sale. You
may think to yourself, "Why not take a loan out on my existing
property prior to doing the like-kind exchange?" The answer is that
you can't. The rules of Internal Revenue Code 1031 say that you
cannot do that. What you can do is take out a loan on the property
you received in the like-kind exchange. Thus, you would do the
following to get cash from the 1031 exchange; (1)do the 1031
exchange for like-kind property,(2) receive the new property, and
(3) refinance. This loophole allows you to receive cash without
jeopardizing the 1031 transaction.

First Time Home Buyers Loan Programs Explained

Many of the first time home buyer loan programs are from the government, such as FHA, VA and HUD. Zero down loans, such as the 80/20 carry PMI (private mortgage insurance) and an equity home loan in the package. This article will explain the benefits and the disadvantages of each.

What is an FHA Loan?
An FHA loan is a government loan that requires a 3.5% down payment and a reduced form of PMI on the loan. It is a greatly reduced from PMI, but it is still required on the loan package. It is called MIP (mortgage insurance premium). There is an upfront 1.5% required in escrow for closing and .5% monthly paid for five years if you have a 30 year loan.

Many foreclosure homes are sold through FHA and they have easier qualifying guidelines. FHA is more lenient with credit score guidelines. They allow the borrower to apply for a loan even though their FICO credit score is under 700 and sometimes as low as 600 with a valid explanation of all delinquencies. Like the other government programs, all the less than perfect marks on the credit report need a valid explanation and the buyer needs to show good credit in recent months.

HUD Auction Bids
In order to buy a HUD home, the buyer must make a bid at the weekly auctions. The buyer must be represented by an agent and cannot make the bids on their own. They need to have a prequalification letter, earnest deposit and a signed offer.

The advantages of HUD are that the down payment is a very minimal $500-2000 and HUD will finance all repairs to be done to the property. With the offer, the agent must include the amount to be repaired. This figure is supplied by the HUD office.
Some of the disadvantages of this program are that the homes tend to sell for a high price with competition in the bids. Because of the terms involved many new buyers get carried away with the bidding not realizing they are buying over the value many times. The buyer can also apply for a title one loan (2nd mortgage loan) on the property with no equity involved.

VA Loans Require No Down Payment and No PMI
Many veterans flock to buy homes with the no down payment incentive. There is a funding fee of 0-3.3% depending on the home. The funding fee may be financed with the loan. This first time home buyer's loan program requires no down payment and no PMI. The seller may pay the closing costs and therefore the vet has no money involved in the loan.

Zero Down Mortgage Loans
Most banks carry some type of zero down loans. Check with the bank close by to discover the best rates or look at bankrate.com and compare rates. Zero down loans require perfect credit scores over 700 and preferably 720. The basic loan package is a main loan and a home equity loan attached of 20%. With this type of loan there is PMI included.

PMI remains on the property until there is 20% equity in the property and then the homeowner may apply to remove the PMI. It is not as easy as it sounds, though. It takes awhile to be approved, the guidelines are strict and a new appraisal is required most of the time.

First time home buyer loan programs attract young couples who want to purchase their first home. With these four programs listed there are many opportunities to purchase a home with little cash involved.

The Secrets of Americans Wealthy

It's really very basic they are disciplined and frugal. Lets get into two categories there are PAWs and there are UAWs. PAWs are builders of wealth they live on a budget and save their money and then invest it. Be it the company they work for or some other means of investment.

Wealth builders that live on a budget and cut coupons is not glamours but, they spend and average of 8 hours a month working on their budget. Sh oping for what they need as apposed to getting everything they want. We live in a consumption country where as we borrow to spend. There are also those who get EOC (economic outpatient care) that's money from their parents in the form of trusts, gifts, to keep the taxes lower for their children when the time comes for them to receive the sum. UAWs depend on living outside of their means.

High prosperity to spend and living above their means, they emphasize consumption. Buying a house that is a status figure or buying a luxury foreign car. Living from pay check to pay check but, these people are doctors, lawyers, and thousands of other categories. Why have so many adult children become UAWs.

It's much easier in America to earn a lot than it is to accumulate wealth.

Living in a home where the examples were taught about money, how money should be used and the discipline or non-discipline in the home.

For further reading "The Millionaire Next Door" has an eye opening view point on the millionaires. It's most beneficial for the upper-middle class and above. Here's some interesting points on YouTube.

I am not impressed with what people own. But I'm impressed with what they achieve. I'm proud to be a _____. Always strive to be the best in your field.... Don't chase money. If you are the best in your field, money will find you.

How Wealthy Should You Be?

Another way of defining wealth or not a person, household, or family is based on ones expected level of net worth. A persons income and age are strongest determinats of how much wealth that person should be worth. In other words, the higher one's income, the higher one's net worth is expected to be (assuming one is working and not retired).


How to Determine If You're Wealthy
What ever your age, whatever your income, how much should you be worth right now?

Multiply your age times your realized pretax annnaual household income from all sources except inheritance. Divide by ten. This, less any inherited wealth, is what your net worth should be.

Fact most people who are wealthy live modestly. Put their money into savings and then invest. Their car may be 10 years old but, if one would not be able to work they would be able to survive much longer than if they hadn't.

Passive Solar Building Ideas

Some tips on saving on your heating and cooling bills. (Passive Tips)
Plant trees near the side of your house that faces the equator. Leaves will shade the house in summer. Leaves drop off and let sun into heat up your home in the winter.

Paint your house a color that can reflect or absorb heat from the sun. If your heating bill is higher paint your house a darker color so the sun heat is absorb better. If cooling is higher then paint your house a lighter shade to reflect heat.

Hang curtains in the winter open them facing the equator during the day and close them up tight at night to keep heat in. In summer keep them closed during the day and open when it starts cooling off.

Money saved could be used for something in your future or the present.

Reupholster Chairs

Tired of that chair and the color for 28 dollars reupholster your chairs. Using natural materials instead of synthetic and adding a little romance to the room. To lighten things up a bit I could paint everything white or just put a white table cloth to soften the room up. Adding some fresh flowers or grow some bulbs for Easter now is the time to get started. Remember mixing patters is great strips, floral with white. To make everyone in the room have a great color add a soft pink light to the light fixture or just put a little pink in a white paint and paint the walls. This project took maybe a few hours and it was complete.
Needed;
staple gun
material
matting
scissors
some time
helper
Great project for the little one to help. It's a learning experience while spending some quality time together. watch video

The Big Tax-Saving Benefits of LLC Business Organizations

I like any business that has the opportunity to generate a neat million plus ongoing income. Who wouldn't want to have a piece of that action!

While you think you and your friend are the only partners in your business, you do have other silent but highly compensated partners who will share in your potential success. Let me introduce you to your new lifelong partner Uncle Sam!

One question that may make your decision easy is this: Do you want to pay your taxing partners once or twice on the same amount of profits every year? Most startup entrepreneurs would want to keep as much of their hard earned profits as possible by organizing as a limited liability company or "LLC", general partnership or "S corporation", rather than as a standard "C corporation."

Here's how it works. A limited liability company or LLC allows business profits to bypass traditional corporate taxes and pass through to the LLC's owners or "members." You would report your LLC-related income on your personal income tax return. Equally, you would be able to apply any startup LLC-related losses on your personal income tax return.

In contrast, business profits in a standard C corp are taxed by the federal government and again by most states. Then to the extent that you and your partner take out the profits in the form of dividends or bonuses, you have to pay Uncle Sam once again. That's brutal on the bank account!

Both LLC's and C corps provide owners with some limitations of liability. For example, if your business obtains debt without signing a personal guarantee, you and your friend would generally not be personally liability for missed payments. It's important to note that exceptions to liability limitations may exist in tort claims involving negligence or fraud.

Big concept entrepreneurs seeking angel or venture funding should just organize a C corp. Multiple rounds of venture funding often involve the issuance of several classes of common and preferred stock – which is easily handled in a C corp structure. Many sophisticated investors crinkle their noses at LLC's and won't invest until the structure is changed – at the entrepreneur's expense. Employee stock options are also easily administered in C corps.

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