Wealth Building Articles

1). Wealth Building Tips from Drew By : Drew Miles
The big O—Organize! Get organized, period. Pathfinder advocates separate files for each expense: utilities, phone, electric, Internet, auto, etc. Each month, invoices (such as repairs or maintenance) go in those files. The invoices are then categorized by group and chronologically (ex. January car bills, February car bills, etc.). When 2007 comes around, copy the file names from last year and start a new file bin for the next year.
Article Related to: tax deductions, tax tips, wealth building

2). Leverage Is The Only Way To Wealth By : Francis Kier
To build any serious income you have to use leverage. You accomplish this by spending your time creating and managing levers. I’d bet that if you are creative enough, you could probably create a lever on anything that can provide an income. Let me explain this with several examples. If you do not have an employee, you are not leveraging your time. Start leveraging your time in a tiny way with something that doesn’t require complex skills, like a dog walking service.
Article Related to: saving, investing, wealth building

3). Smart Yearend Planning - Tax Deductions By : Drew Miles
There are three main areas we need to keep in mind as the year ends: 1. Taxes 2. Corporate formalities 3. Planning for next year Revisit the idea of converting your 10 largest expenses. This is an ongoing process that should be done at least twice the first year. It’s not realistic to expect you will convert all of your biggest expenses the first time around because it’s too big of a task—this is a habit needing to be developed over time.
Article Related to: tax deductions, tax tips, wealth building

4). The Ultimate Tax Planning Strategy By : Francis Kier
The taxes that are withheld from paychecks amount to about 25% of your gross pay (including federal tax, state tax, social security tax and medicare tax). But these taxes that are withheld could be working for you as investments if you employ what I call the ultimate tax strategy. This tax strategy consists of how you plan to pay no taxes just like all of the large corporations.
Article Related to: personal finance, tax savings, wealth building, investing

5). Seeds of Financial Success, Harnessing the Power of Your Mind By : Jim McCabe
Use the power of your mind to achieve your goals and desires. Develop a manifesting mindset to transform your desires into physical reality.
Article Related to: self-help, manifest, manifesting, manifestation, positive thinking, financial freedom, wealth building, money, power of positive thinking, mindset

6). 6 Proven Wealth Building Strategies By : Matthew C. Keegan
Building wealth is as simple as saving a little bit here and a little bit there. You need not have great riches in order to accumulate wealth, but you need to have the drive, determination, and discipline to successfully increase your wealth. Let’s look at 6 proven wealth building strategies you can put to use today. 1. Pay Yourself First. If you do not set aside money before you start paying your bills, chances are you will never save any many after you pay these same bills.
Article Related to: wealth building, 401(k), 403(b), stocks, bonds, gold, silver, precious metals, real estate

7). Heads up on co-signing loans By : Drew Miles
In my opinion, if you co-sign a loan with a family member or a friend, you’re looking for trouble. Granted, if you want to help your child buy his first car, you may need to co-sign because the child does not have credit history yet. The danger is that if your son makes a late payment, the bank will come to you to pay it off. Be extremely judicious who you co-sign for.
Article Related to: tax deductions, tax tips, wealth building

8). Entity Structuring By : Drew Miles
Entity structuring is the use of limited partnerships, limited liabilities, and corporations. These can help you accomplish three things: 1. Bullet-proofing your assets so that the bad guys are worse of if they try and take them away from you. 2. Slashing your taxes so that they are within single digits. 3. Protecting your privacy and building lasting wealth.
Article Related to: tax deductions, tax tips, wealth building

9). Sound Wealth Building Tactics By : Matthew C. Keegan
Have you noticed that everyone wants to be rich, but few people seem to want to build wealth the old fashioned way: step by step? If you have tried the “lottery method” and it hasn’t worked out, read on for some tips on how you can build wealth for a better future. Save Sooner, Rather Than Later. Attention, procrastinators: listen up! One thing you don’t want to put off is saving for the future.
Article Related to: wealth building, savings, retirement, 401(k), 403(b), roth ira, money markets, stocks, bonds, credit

10). ROI-calculating accurately By : Drew Miles
The phrase "return on investment" (ROI) is thrown around a lot, but do you know what it really means and how to calculate it? Three ways to calculate ROI Cash-on-cash If $20,000 is invested and it grows by $10,000, it’s a 50 percent cash-on-cash rate of return, which is great for wealth building. Total amount of investment If you put $20,000 down for a $200,000 mortgage, the growth is happening on the $200,000, not what you originally put in.
Article Related to: tax deductions, tax tips, wealth building

11). The Two Biggest Thieves In Regards To Wealth Building By : Drew Miles
The two biggest wealth thieves a person will encounter are tax deductions and lawsuits. Taxes work against you by chipping away at your wealth. These include federal income taxes (deducting up to 39% of your income), state taxes (deducting up to 9.6%), and self employment or social security (over 15.5 %.). The average American is paying 42-55% in taxes.
Article Related to: tax deductions, tax tips, wealth building

12). Five ways to increase your income. By : David Brown
Copyright 2006 David Brown Here are five positive and effective ways to increase your income. 1. Do you have objects or clutter around your house which you are not using and could sell to increase your income? In today’s electronic world EBay would be a good choice to use to sell these objects. There are books which are available to assist with becoming effective with using the internet for this means or even to design a simple web page which could sell advertising.
Article Related to: live, living, working, goal, wealth, financial, without, success, goal, believe, wealth building, financial success

13). Wealth Building … A Combination of Strategies By : Bradley Miller
Combining Strategies to create Wealth, have your own business, become educated on tax deduction and asset protection strategies and create passive income to create enough to maintain lifestyle costs.
Article Related to: wealth building, home business, tax deductions, liability management

14). The Four Mandatory Buckets Of Personal Finance By : Francis Kier
I have already written about the financial necessity of saving a portion of any income payment that you receive. This means that a percentage of every single source of income is set aside, marked, or tracked as money that you cannot spend. This task isn’t optional if you want to have some basic financial stability or start growing some serious wealth.
Article Related to: personal finance, debt, credit cards, wealth building, managing money, investing

15). The Art, Science, and Grace of Attracting Prosperity By : Molly Gordon
Attracting prosperity is part art, part science, and part grace. A prosperous business must not only accommodate but support life in all its complexity. A thriving business requires and provides resilience and continuity. How do you go about building a thriving career or prosperous business? Here are some of the things I've learned and that I credit with supporting my own process of attracting prosperity.
Article Related to: attracting prosperity, business, entrepreneur, tips, prosperous business, wealth building

16). How to pick the right shares By : SafeInvesting
This is one of the questions that I’m asked the most and it’s an answer that I like to answer in two ways. The more technical or objective way to answer it is to compare your performance to something concrete. For example the market average in your own country. For us here in Australia it’s the All Ordinaries index which has returned well over 40% in the last few years and has averaged over 10 percent per year over the last 25 years.
Article Related to: investing, safe, shares, wealth building, stocks, strategy, selection, performance, improve

17). Parents- You can become financially successful! By : David Brown
Copyright 2006 David Brown Are you struggling to pay your bills because all your money is being spent on your new God given blessing- your children? Are you emotionally stressed because of your tight financial situation but don’t know the way out? You are not alone. There are many parents who are in your financial situation. It is not a surprise to learn that it can be a struggle when you read the following statistics.
Article Related to: how to save money, saving money, debt, debt help, debt relief, wealth, wealth building, financial help, help with finances, money help, help with money

18). How many years do you have left until you're 65? By : Drew Miles
Reality Check - How many years do you have left until you're 65? Whether retirement is just around the corner or have many more years to go, setting yourself up for retirement is key and must start now. Do the math. If you want $10,000 and you’re investing at 5 percent, you need $3,765. If you invest at 10 percent, you’ll need $1,400. It’s great if you have a savings account (you’re ahead of most folks), but if that’s the highest form of investing you’re doing—we have a lot of work to do.
Article Related to: retirement, roth ira, wealth building, roth ira ru

19). Uneducated Tax System v. Educated Tax System By : Drew Miles
The line under your income on your pay stub is where these two systems differ. With the uneducated tax system, you deduct the three lines under your income and the remainder is what you receive. With the educated tax system, the first line is your reported income as with the uneducated tax system. However, the second line is the money you spent on the business, and you pay taxes on what is left.
Article Related to: tax deductions, tax tips, wealth building

20). Higher Returns With Entrepreneurial Investing By : Francis Kier
Long-term investing in the stock market can offer a passive return around 5-8% if you remain invested for 30 years; but, unfortunately, that return is before taxes and inflation. This is so low because the company founders, backers, early investors, investment bankers, etc., have removed all foreseeable profit from the company before it is ever offered to the public market.
Article Related to: personal finance, investing, trading, wealth building

21). Earning Money With Affiliate Programs By : Kenny Anderson
You've probably heard of affiliate programs. Companies use affiliate pograms to sell their products. The most common way for making money online with affiliate programs is through posting a link on your website. When a customer clicks on that link and buys the product, you earn a commission. There are many advantages to making money online with affiliate programs.
Article Related to: internet marketing, home based business, wealth building, online business, making money online

22). Smart Yearend Planning-Planning for the next year By : Drew Miles
There are three main areas we need to keep in mind as the year ends: 1. Taxes 2. Corporate formalities 3. Planning for next year Planning for the next year a) Operations—What are one or two areas of your business that can be improved? How can you improve your service, stay in better touch with clients, close the gaps in your system? Ask your customers, clients and employees for suggestions.
Article Related to: tax deductions, tax tips, wealth building

23). Seeds of Financial Success, Harnessing the Power of the Mind By : Jim McCabe
What would you do with your life if you had 20 million dollars in the bank? Would you be as you are now, the same you, or would you be different? Certainly your life would change because you would be able to make new choices. Did you know that you can use the power of your mind to achieve your desires and goals? To do so, you must change your mindset.
Article Related to: self-help, manifest, manifesting, manifestation, positive thinking, financial freedom, wealth building, money, power of positive thinking, mindset, freedom

24). Wealth Building – An Advantage of Home Ownership By : Raynor
As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. Wealth building over time is one of the advantages of home ownership. Building Equity Owning a home can help you build wealth in two ways. First, you build equity by paying down your mortgage. A certain percentage of each mortgage payment goes towards a reduction in the total amount owed.
Article Related to: wealth building, home ownership

25). Here are five reasons why being financially free will benefit you and how to achieve financial freed By : David Brown
Copyright 2006 David Brown In this exciting article today you will learn exactly why having a financially free life will be amazing! Are you always chasing your tail in a financial way? Are you working for someone else in a job that will never bring you financial freedom? Do your bills and creditors keep you under the thumb? These are just a few problems people face today financially which stops them from achieving the financial freedom they deserve.
Article Related to: wealth, wealth building, financial success, making money, making more money, saving money, growing money, debt help, debt relief, how can i make money, wealth coach, how can i get out of debt, how can i be rich, millionaire, help to become rich