Monday, March 30, 2009

Negative Thinking One of the Causes Of Under Achievement

It may be no surprise to hear that negative thinking is one of the reasons for under achievement. Your life is built on your self image and that image will depend on what you tell yourself. When you choose (and you do choose) to engage in negative thinking you are deciding to believe in your inability rather than your possibility. But it’s not just you! There will be plenty of people in your life

Tax-Deferred is NOT Tax-Free!!!

It seems - to me - that a very tiny percentage of financial “gurus” understand the difference between tax-deferred and tax-free. Why? Check out my last post. If you are - sort of - crazy about qualified retirement plans (401(k)s/IRAs), the facts about to be revealed might disturb you. I am pretty sure you’ve heard this standard advice given at every single 401(k) meeting, by conventional

Wednesday, March 25, 2009

Avoiding Impulse Spending

Answer these questions truthfully:1.) Does your spouse or partner complain that you spend too much money?2.) Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?3.) Do you have more shoes and clothes in your closet than you could ever possibly wear?4.) Do you own every new gadget before it

Monday, March 23, 2009

Are IRAs & 401(k)s GOLDEN?

I have searched, and searched, and searched again. The best justification by proponents of the mantra - that qualified plans like, IRAs and 401(k)s are OUTSTANDING for retirement is - you get a tax break upfront and your money gets to compound on a tax deferred basis. They claim that DEFERRING taxes until retirement is advantageous because those nest eggs will likely be taxed at lower rates – Who

Sunday, March 22, 2009

The Key to a Better Life

Time management is basically about being focused. The Pareto Principle also known as the '80:20 Rule' states that 80% of efforts that are not time managed or unfocused generates only 20% of the desired output. However, 80% of the desired output can be generated using only 20% of a well time managed effort. Although the ratio '80:20' is only arbitrary, it is used to put emphasis on how much is

Tuesday, March 17, 2009

Good Investment Advice: Only For The Rich?

If you think good investment advice is only for the rich, you're not alone. Nearly two-thirds (65 percent) of investing Americans believe that those with more money are able to get better financial advice than those with less money. Further, more than a quarter (26 percent) state that it takes at least $100,000 to get top-quality financial advice. This is according to a new survey by the

Monday, March 16, 2009

What Percentage should You Dump into a 401(k) or NOT?

My common-sense view is that if a retirement savings vehicle is good, it is good, PERIOD! It doesn’t become good simply because of some DISCRETIONARY matching by an employer. So, the entire buzz about 401(k) plans being “awesome” – due to matching employer contributions - is frankly nonsense. What if the matching stops? My guess is they suddenly become atrocious.I am startled by the fact that, an

Sunday, March 15, 2009

3 Reasons Why Sales Professionals Need A Life Coach

No matter how well you’re doing in your sales career, I guarantee that a life coach can help you rise to an even greater level of success – a life coach could probably even double your income this year alone. That may sound like a bold statement, but I’ve seen results exactly that dramatic time and time again. So, if you’ve never heard of a life coach, or are familiar with the concept but aren’t

10 Ways To Reduce Tax Burden For Your Small Business

Everyone worries about taxes and looks for ways and means of reducing the tax burden. When you have a small business of your own you must up date your knowledge of tax laws that pertain to “small businesses.” As a business owner you must understand clearly about accounting systems and tax planning. Sit down with your accountant and plan on ways of maintaining business expenses, filing receipts,

Friday, March 13, 2009

Do You Really Need to Buy A New Car?

I have notice that keep on changing new car has become a trend of today’s life in city. People keep on switching to new car for no reason. It seems like car has become a way for people to express and show their status. Every year there are so many new car models coming up. So they keep on changing the car whenever they saw some new models that they like.I had even heard people saying this: ‘Since

Thursday, March 12, 2009

What makes successful people successful?

We would all love to be able to walk down to the local supermarket and pick up a bottle of success. But let’s look past that fantasy and find out one of the most basic reasons why people become successful.Right now, think of someone that you know personally who is successful. Can you see their face in your mind? Good. Now ask yourself this question, “Does this person have a successful routine or

Monday, March 9, 2009

Should You Contribute To A 401(k) Plan BECAUSE Of Matching Employer Contributions?

The conventional “golden rule” seems to be:You should contribute to a 401(k) (or whatever) program your employer offers, if your contributions are matched. In other words, the test to determine whether you should contribute (or not) is if your contributions are matched.This may come as a surprise; but that notion is one of the greatest financial myths of our time. Don’t get me wrong, matching

Friday, March 6, 2009

What have you got to lose by reading one more self improvement article?

There are a variety of self improvement articles available nowadays. You may be thinking that this is one of those, obviously. What have you got to lose by reading one more self improvement article?When you came the 40-year stage in your life, you will suddenly realize many things. You get to ask yourself questions. How will it be when I get to the end of my life? How do I feel about the life I

Tuesday, March 3, 2009

Develop a Success Attitude

One of the most common causes of failure is the habit of quitting when one is overtaken by temporary failure. If you are making the mistake of reading the newspapers or watching the news you are probably being bombarded by all of the negative news about the economy, instead of focusing on the opportunities available.Here are a couple of suggestions and/or insights on how to keep a winner’s

Monday, March 2, 2009

If something you’ve always thought to be true, turned out not to be true; when would you like to know?

I ask this question because most of what majority of the American public have come to believe as financial truths are actually MYTHS.

1) Qualified plans like 401(k)s and IRAs always provide the most attractive retirement benefits.

2) The test to determine whether you should participate in your employer’s sponsored retirement plan is if your contributions are matched.

3) In