Friday, February 27, 2009

What is Identity Theft and How to Prevent it?

Identity theft is when someone steals your identity and uses it for personal gain. Generally someone will use your name and social security number to open a bank account, take out personal loans, or credit cards. Identity theft ranges from what we most hear about, which is when someone steals our credit card information or “credit cars fraud” to true identity which is when the thief succeeds in

Tuesday, February 24, 2009

The Most Overlooked Deductions

If you are like millions of Americans who throws all of their receipts, credit card and bank statements into a box and run to their tax preparers in the hope that they will be able to go through ALL your stuff and absorb all the information through osmosis, then you are likely to overlook hundreds of dollars in tax deductions when the time comes to prepare your tax returns. You cannot blame them,

Monday, February 23, 2009

First Time Home Buyer Tax Credit – What Does It Mean For You?

There has been some confusion lately with the First Time Home Buyers Tax Credit. This has been caused by the fact that there are two tax credits that has been enacted in less than a year. Here I will give you a quick summary of both.The Housing and Economic Recovery Act of 2008· Authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008

Does Money Provide TRUE Happiness?

I am a believer in a concept pioneered by Lee Brower of Empowered Wealth, LC called “True Wealth.” Lee teaches that there are 3 fascinating but little known facts: In life, there’s “True Wealth” and “False Wealth”False Wealth is seductive but has no real or lasting power.True Wealth is one of the greatest powers on earth when harnessed and employed correctly. Having said that let me share with

Saturday, February 21, 2009

Face Your Fear

Many times we are terrified to take certain action in our lives. Literally paralyzed by our fears. For example, some of us are afraid of speaking in public. You may know what I am talking about. The moment comes for you to make a presentation and you start to sweat, your voice to tremble, your knees to shake. Have you ever been there? I have. However, many years ago I made a decision that changed

Monday, February 16, 2009

The Importance of Family Budget

Many times people complain about being in debt or not knowing where their hard earned money went. When they are asked about their budget, how much they owe, which expenses they can cut, they just stare at you as if you were talking to them in a foreign language. What is truly amazing is when they refuse to invest in a family budget and expect to get out of debt and/or build financial wealth.I am

Emotional Financial Decisions Invite Trouble

Experts recommend that we avoid shopping without a list. The reason? Our emotions take over and we shop on impulse. The result? We are likely to return with a bunch of stuff we did not really need. Do you remember those instances you reacted based on your emotions and either regretted or wished you had handled the situation differently? And I bet that was after you calmed down. I’m pretty sure

Saturday, February 14, 2009

How Do I Know If I am Eligible For Student Loan Debt Consolidation?

If you are a parent sending your child off to college or if you are a student going to college for the first time, you are probably cringe whenever you receive a tuition bill in the mail--or when you thinking about buying $1000 worth of textbooks for next semester. As the price of getting a college education rises in the United States, so does the demand for student loans and student debt

Monday, February 9, 2009

Who’s responsible for the housing crisis?

Just tune into talk radio, turn on your TV, or pick up a newspaper and you’ll likely hear and/or read the following statement regarding the current economic crisis: Wall Street is unethical! “They” got people to sign up for bad mortgages, which led to defaults and foreclosures. Now look: "They" have caused a recession.My personal experienceI remember vividly – as if it were yesterday – telling

Monday, February 2, 2009

Conventional Financial Planning is WRONG!

Or I guess, I should have said in my opinion before making that statement. That is how passionate I feel about the manner in which so-called financial “experts” have managed to convince the vast majority of the American public (and I can safely say about 95 percent) to believe myths. The end result - people are literally gambling their hard earned dollars on porous, revolving door financial