According to the National retail federation recent survey for consumer spending for Valentines day; the average spending for men will be $135.35. The average spending by woman will be $72.28. Nationwide Valentines day will see consumers spending $14.1 billion.
Valentines day does not have be an consumer orgy of spending. You can take the time to spend with your special spouse and remind your special spouse how much you love them. The following are some top tips to spend a romantic frugal day.
You can make a romantic meal at home. You can make several dishes that are healthy for you two as well. There are plenty of recipes for chicken, fish, meat, and vegetarian meals.
Depending upon the choice of your meal you can pair a very nice domestic or foreign wine bottle for less that $15 per bottle. For atmospherics you can have a set of nice red candles, with red napkins,
plates. For a desert how about a nice fresh strawberries dipped in chocolate, or a raspberry cheese cake.
After your candle lit romantic meal at home, you can present your loved one with a heart shaped red bar of soap and body lotions from a discount store of her favorite cents. A nice bottle of body oil is always thoughtful.
Other ways to express your appreciation and love to your special other half is in the following ideas;You can present a scrap book to build a memorial of your relationship and times spent together. A photo of the two of you in a prior favorite activity or vacation in a nice photo frame.
Simple memorable things that you can do is to write a letter or poem to your other half. Stuff animals are always a good idea. Do you have a special family heirloom that you can present to your other half?
According to the National retail federation consumers are opting for purchasing practical gifts. Winter sweaters, clothing, bathrobes, slippers, sexy nightgowns.
Don't forget your family pets. People on average will spend about $3.27 per pet for Valentine day. Where do people shop for Valentines day?
The top three types of retail stores are your discount stores, department stores, and specialty stores. Of course the internet is a major player for Valentine day sales.
With the national unemployment rate in January of 2010 at 9.7% and millions of Americans facing unemployment don't have to spend a small fortune to show appreciation and love to your other half. There are many options to give without busting your budget. Here is hoping that you have a frugal romantic Valentines day.
Tuesday, February 9, 2010
Wednesday, February 3, 2010
How to Solve your money Problems
What are the process and steps to successfully solve your money problems? One of the very first steps is to acknowledge that you are facing a money problem. The second step is to educate yourself about the rules of money and financial awareness. Then the 3rd step is to identify and track where your money is being spent.
There are too many people in this world who fail to recognize that they are facing a money problem. Their monthly credit card bill statements remain opened. Their bank and financial statements are unread. Their
spouses are either kept in the dark or not told the truth about the household financial situation.
Acknowledging your current debt and financial reality is the first step in achieving your financial freedom. Sometimes you can't do it alone so don't be afraid to seek out qualified debt consulting agencies.
You have control over your debt and financial situation. By that I mean that you can take the steps to educate yourself and improve your financial awareness. You can take the initiative by going to the many online websites that offer debt and financial education. You can go to your local library to read articles, books, magazines for free. You can attend financial education seminars locally.
Once you have improved your debt and financial awareness you can then control your spending decisions. So you can educate your self about money rules, you can control your emotional attitudes and thought process,
you can also to steps to improve your income capabilities. You want to develop an multiple stream of income.
Facing the true nature of your present financial situation will be an unpleasant dose of reality for you. But it is a vital step towards your solving your money problems. You want to write down on a piece of paper what your household budget is. You want to also provide a goal or reason to faithfully maintain your budget.
Utilizing software such as Quicken is a great step in your discovery of your money problems with cash flow and Net Worth. You do need to enter and maintain the monthly bank statements, credit card statements,installment loans, investment account balances.
Knowing your household budget is a critical step to take. You need to track monthly spending by essential/fixed & variable categories. Those categories include your monthly rent/mortgage payments, your property
tax bill if you are a home owner, your insurance cost such as auto, groceries, home, and personal insurance payments, your home heating costs; ac, oil heating, gas etc., electric/utility bills, phone/internet bills, gas auto fills ups, auto maintenance, auto loans. For non-essential spending categories you should include student loan payments, medical bills, animal bills, dining out, entertainment, cable TV, credit card spending, travel spending, vacation.
Just for your information the following debt will remain on your credit history for 7 years; Bankruptcy,Court judgment debt against you such as rental eviction, Mortgage foreclosure, income tax debt liens are permanently on your record. Default on student loans, auto loan repossessions, default on unsecured revolving lines of credit debt. Default on co-signed loans for family and friends.
So a question that you have to ask yourself when you are purchasing a product is; Will this product benefit me? Will this product improve my ability to increase my income? Wait 24 hrs to make a purchase decision. You want to educate yourself to be financially aware of the differences between good debt and bad debt.
An example of bad debt is making a product purchase only to keep with your family, friends and neighbors. Otherwise known as keeping up with the Jones. Debt that you want to avoid is unsecured revolving debt such as bank overdraft protection, credit card debt, installment loan debt on consumer products that will not produce cash flow or income for you. Never co-sign a credit card,installment loan for any family member
or friend.
Good debt can be defined as utilizing debt to purchase an income producing assets. An income producing asset can be considered establishing a business for your self. Purchasing a multifamily real estate property
that has positive cash flow. Purchasing bonds, cd's, money market accounts, dividend income producing stocks. Taking continuing education classes that will improve your job skills and your ability to earn greater
income.
To summarize the key to solving your money problems is the following; First be aware of your financial reality and acknowledge your situation.Educate your self about money and finances.Control your spending
and live below your income.Pay yourself first.Utilize the money that you make now to purchase income producing assets.
Remember that money is neither good or evil. It is nothing more than a medium of exchange for the purchase of goods and services. It is a tool that can be utilized to improve your life.
There are too many people in this world who fail to recognize that they are facing a money problem. Their monthly credit card bill statements remain opened. Their bank and financial statements are unread. Their
spouses are either kept in the dark or not told the truth about the household financial situation.
Acknowledging your current debt and financial reality is the first step in achieving your financial freedom. Sometimes you can't do it alone so don't be afraid to seek out qualified debt consulting agencies.
You have control over your debt and financial situation. By that I mean that you can take the steps to educate yourself and improve your financial awareness. You can take the initiative by going to the many online websites that offer debt and financial education. You can go to your local library to read articles, books, magazines for free. You can attend financial education seminars locally.
Once you have improved your debt and financial awareness you can then control your spending decisions. So you can educate your self about money rules, you can control your emotional attitudes and thought process,
you can also to steps to improve your income capabilities. You want to develop an multiple stream of income.
Facing the true nature of your present financial situation will be an unpleasant dose of reality for you. But it is a vital step towards your solving your money problems. You want to write down on a piece of paper what your household budget is. You want to also provide a goal or reason to faithfully maintain your budget.
Utilizing software such as Quicken is a great step in your discovery of your money problems with cash flow and Net Worth. You do need to enter and maintain the monthly bank statements, credit card statements,installment loans, investment account balances.
Knowing your household budget is a critical step to take. You need to track monthly spending by essential/fixed & variable categories. Those categories include your monthly rent/mortgage payments, your property
tax bill if you are a home owner, your insurance cost such as auto, groceries, home, and personal insurance payments, your home heating costs; ac, oil heating, gas etc., electric/utility bills, phone/internet bills, gas auto fills ups, auto maintenance, auto loans. For non-essential spending categories you should include student loan payments, medical bills, animal bills, dining out, entertainment, cable TV, credit card spending, travel spending, vacation.
Just for your information the following debt will remain on your credit history for 7 years; Bankruptcy,Court judgment debt against you such as rental eviction, Mortgage foreclosure, income tax debt liens are permanently on your record. Default on student loans, auto loan repossessions, default on unsecured revolving lines of credit debt. Default on co-signed loans for family and friends.
So a question that you have to ask yourself when you are purchasing a product is; Will this product benefit me? Will this product improve my ability to increase my income? Wait 24 hrs to make a purchase decision. You want to educate yourself to be financially aware of the differences between good debt and bad debt.
An example of bad debt is making a product purchase only to keep with your family, friends and neighbors. Otherwise known as keeping up with the Jones. Debt that you want to avoid is unsecured revolving debt such as bank overdraft protection, credit card debt, installment loan debt on consumer products that will not produce cash flow or income for you. Never co-sign a credit card,installment loan for any family member
or friend.
Good debt can be defined as utilizing debt to purchase an income producing assets. An income producing asset can be considered establishing a business for your self. Purchasing a multifamily real estate property
that has positive cash flow. Purchasing bonds, cd's, money market accounts, dividend income producing stocks. Taking continuing education classes that will improve your job skills and your ability to earn greater
income.
To summarize the key to solving your money problems is the following; First be aware of your financial reality and acknowledge your situation.Educate your self about money and finances.Control your spending
and live below your income.Pay yourself first.Utilize the money that you make now to purchase income producing assets.
Remember that money is neither good or evil. It is nothing more than a medium of exchange for the purchase of goods and services. It is a tool that can be utilized to improve your life.
Sunday, January 31, 2010
What kind of questions should you ask in an interview?
The kind of questions that you should ask during an interview can be standard, however you want to customize those questions to the company and industry that you are interviewing for. So a key component to a successful
interview is doing your home work and research on your prospective employer.
A starting place to begin your research is on the companies web site. You want to review the company's product line, their mission statement,the organizational structure of the company. Review the President,the board of directors,and the local management team.
If the company is a publicly held corporation review the stock prospectus and the quarterly company reports. Is the company profitable? Is the company growing within it's industry?
Other resources to review about your prospective employer is with the local chamber of commerce and the Better business offices. Are there any consumer complaints against the company?
Explore social media sites such as www.LinkedIn.com, www. Twitter.com, and www.Facebook.com. With the Linked in site you can research the mangers at the company and gain valuable knowledge about them.If you have a mutual friend or former co-worker who knows Mr. Smith or Ms.Smith feel free to name drop after you have got the friends permission to utilize their name.
The interview is an exchange of information between the job applicant and the prospective employer. A mistake that is common with some employees is to accept any employment offer without checking out to see if you are a good fit with the companies culture.
The analogy I use is you the job applicant is a bouncing ball while the prospective employers culture is a square shaped. The fit is not good for either party.
So here is a list of questions that would be appropriate to ask during the first interview process. What is the typical work day consist of? What are the companies expectations of my position? Why is this position
available? What are the career progression that I can expect to see? What is the role of my position within the company organization? Does your company promote from within or hire managers from outside the company? What kind of training and marketing support can I expect from my managers?
Here are some general questions that you can ask about the company. What are the priorities of the company for this fiscal year? Who are your typical targeted customers? What type of marketing and training support
can I expect from my managers? Who are your major competitors? What are your products major advantages? What do you consider to be the major challenges for your department and the company?
Here is the list of questions you can also ask during the first interview. What is the general time period from the interview to the job offer? How soon will my training start from my being offered a position with your company? What is the length of the training period? What is the location and time schedule for thetraining classes? What are the companies benefit package consist of?
With the national unemployment rate hovering around 10.5%, and prospective employees are facing at least 6 to 10 other applicants per one job opening, you need to stand out from the crowd.By doing your home work and research prior to your job interview, those potential questions could give you an edge over your competition.
interview is doing your home work and research on your prospective employer.
A starting place to begin your research is on the companies web site. You want to review the company's product line, their mission statement,the organizational structure of the company. Review the President,the board of directors,and the local management team.
If the company is a publicly held corporation review the stock prospectus and the quarterly company reports. Is the company profitable? Is the company growing within it's industry?
Other resources to review about your prospective employer is with the local chamber of commerce and the Better business offices. Are there any consumer complaints against the company?
Explore social media sites such as www.LinkedIn.com, www. Twitter.com, and www.Facebook.com. With the Linked in site you can research the mangers at the company and gain valuable knowledge about them.If you have a mutual friend or former co-worker who knows Mr. Smith or Ms.Smith feel free to name drop after you have got the friends permission to utilize their name.
The interview is an exchange of information between the job applicant and the prospective employer. A mistake that is common with some employees is to accept any employment offer without checking out to see if you are a good fit with the companies culture.
The analogy I use is you the job applicant is a bouncing ball while the prospective employers culture is a square shaped. The fit is not good for either party.
So here is a list of questions that would be appropriate to ask during the first interview process. What is the typical work day consist of? What are the companies expectations of my position? Why is this position
available? What are the career progression that I can expect to see? What is the role of my position within the company organization? Does your company promote from within or hire managers from outside the company? What kind of training and marketing support can I expect from my managers?
Here are some general questions that you can ask about the company. What are the priorities of the company for this fiscal year? Who are your typical targeted customers? What type of marketing and training support
can I expect from my managers? Who are your major competitors? What are your products major advantages? What do you consider to be the major challenges for your department and the company?
Here is the list of questions you can also ask during the first interview. What is the general time period from the interview to the job offer? How soon will my training start from my being offered a position with your company? What is the length of the training period? What is the location and time schedule for thetraining classes? What are the companies benefit package consist of?
With the national unemployment rate hovering around 10.5%, and prospective employees are facing at least 6 to 10 other applicants per one job opening, you need to stand out from the crowd.By doing your home work and research prior to your job interview, those potential questions could give you an edge over your competition.
Wednesday, January 27, 2010
Common Sense credit payment Strategies
According to the web site www.cardtrak.com the average credit card debt in America is $10,691. If you made the minimum monthly payment to that debt amount, you would not pay off that debt for 33
years.
What are the credit card payoff strategies that you should pursue? There are two types of credit card payment strategies. Both strategies will take a committed disciplined approach to pay off your debt.
The first strategy is to focus paying off the credit card debt that has the highest interest rate. This strategy will save you a massive amount of interest payments over time. Your patience will be a factor in this strategy,their will be no immediate gratification of accomplishing debt reduction. You want to also maintain payments of the minimum amount of credit card debt on your other cards while you are focused upon paying off the highest interest rate.
A second strategy is to pay off the lowest credit card balance first. You want to focus on making the minimum payments on your largest credit card debt in a timely manor. If your credit card payment history is a poor payment track record, you want to pay that off first and close out that credit line whenyou are done.
According to www.MyFicoscore.com your credit FICO score is calculated in the following manor;
Payment History 35%
Amount owed 30%
Length of Credit
History 15%
New Credit 10%
Types of Credit 10%
Your credit history Fico score will review open credit lines, loans that have been opened for a minimum of 6 months. Many consumers will closed down their credit cards after they pay those cards off. This will
affect your FICO score. You want to keep open at least 2 credit cards, 1 installment loan to keep your FICO score higher.
Lenders will look at your FICO score through the three (C's) Capacity, Credit History, and Character. Think of this as a 3 legged stool. If one leg is missing or short then your chances of getting
approved for credit will be un study to say the least.
Capacity is considered the amount of debt that you owe versus the amount of credit line that is available to you to utilize. Capacity is considered to be debt to income ratio. The higher the debt to income
ratio is the lower your ability to be approved for credit will be. The amount of income you make does notaffect your FICO score. The amount of income you make combined with your FICO history will determine your ability to be approved for credit or for an installment loan.
Credit history also impacts your FICO score and your ability to be approved for credit and loans. A late payment on your credit cards, bank lines of credit, auto loans, student loans, home equity loans,
mortgage loans, will stay on your credit report for 7 years. Also staying on your credit report for 7 years will be bankruptcies either Chapter 7 or 13, mortgage foreclosures,and public records. If you have unpaid tax liens, IRS, property tax, state and local tax liens will remain on your credit report indefinitely.
If you have 30, 60, 90, 120 day late payments on your credit report that will affect your ability to be approved for credit.If you did get approved for credit you will be paying a higher rate of interest.
It is not wise to ignore those collection bills, phone calls from your lenders. Most lender are willing to work out a payment plane that can fit your ability to pay. Mortgage foreclosure rate is at a record level. Americans are now in a deleveraging their debt phase.
If you need assistance and guidance start with your lending institution first. Go on line to some of the following web sites; www.MyFicoScore.com, www.CardTrak.com. For help with your mortgage
go to www.HUD.gov,www.FHA.gov, www.FannieMae.gov, www.FederalReserve.gov/consumerinfo/forclosure.htm.
You don't need to face the mountain of debt alone. Seek out a qualified debt consulting agency.
years.
What are the credit card payoff strategies that you should pursue? There are two types of credit card payment strategies. Both strategies will take a committed disciplined approach to pay off your debt.
The first strategy is to focus paying off the credit card debt that has the highest interest rate. This strategy will save you a massive amount of interest payments over time. Your patience will be a factor in this strategy,their will be no immediate gratification of accomplishing debt reduction. You want to also maintain payments of the minimum amount of credit card debt on your other cards while you are focused upon paying off the highest interest rate.
A second strategy is to pay off the lowest credit card balance first. You want to focus on making the minimum payments on your largest credit card debt in a timely manor. If your credit card payment history is a poor payment track record, you want to pay that off first and close out that credit line whenyou are done.
According to www.MyFicoscore.com your credit FICO score is calculated in the following manor;
Payment History 35%
Amount owed 30%
Length of Credit
History 15%
New Credit 10%
Types of Credit 10%
Your credit history Fico score will review open credit lines, loans that have been opened for a minimum of 6 months. Many consumers will closed down their credit cards after they pay those cards off. This will
affect your FICO score. You want to keep open at least 2 credit cards, 1 installment loan to keep your FICO score higher.
Lenders will look at your FICO score through the three (C's) Capacity, Credit History, and Character. Think of this as a 3 legged stool. If one leg is missing or short then your chances of getting
approved for credit will be un study to say the least.
Capacity is considered the amount of debt that you owe versus the amount of credit line that is available to you to utilize. Capacity is considered to be debt to income ratio. The higher the debt to income
ratio is the lower your ability to be approved for credit will be. The amount of income you make does notaffect your FICO score. The amount of income you make combined with your FICO history will determine your ability to be approved for credit or for an installment loan.
Credit history also impacts your FICO score and your ability to be approved for credit and loans. A late payment on your credit cards, bank lines of credit, auto loans, student loans, home equity loans,
mortgage loans, will stay on your credit report for 7 years. Also staying on your credit report for 7 years will be bankruptcies either Chapter 7 or 13, mortgage foreclosures,and public records. If you have unpaid tax liens, IRS, property tax, state and local tax liens will remain on your credit report indefinitely.
If you have 30, 60, 90, 120 day late payments on your credit report that will affect your ability to be approved for credit.If you did get approved for credit you will be paying a higher rate of interest.
It is not wise to ignore those collection bills, phone calls from your lenders. Most lender are willing to work out a payment plane that can fit your ability to pay. Mortgage foreclosure rate is at a record level. Americans are now in a deleveraging their debt phase.
If you need assistance and guidance start with your lending institution first. Go on line to some of the following web sites; www.MyFicoScore.com, www.CardTrak.com. For help with your mortgage
go to www.HUD.gov,www.FHA.gov, www.FannieMae.gov, www.FederalReserve.gov/consumerinfo/forclosure.htm.
You don't need to face the mountain of debt alone. Seek out a qualified debt consulting agency.
Tuesday, January 19, 2010
Key tax update for 2009/2010 That affects your retirement readiness
The current normal retirement age to qualify for social security for those people who were born between 1939 to 1942 is 65 years old and 4 months to 10 months. For those people who were born from 1943 to 1959 full normal retirement for social security will be age 65 years and between 2 months to 10 months. For those people who were born after 1959 the normal
retirement age will be age 67.
Here is the following annual maximum contributions to your work place retirement plans. The annual maximum contribution is $16,500 for 2010 for 401(k), 403(b), 457 and SEP plans. People who are age 50 or above can contribute an additional $5,500 annual catch up contribution.
For your (IRA's) Individual Retirement Accounts, your maximum contribution is $5,000. If you are age 50 or above your maximum contribution is $6,000 per year. The maximum contributions to after tax Roth (IRA) is the same as the traditional IRA.
Here is the breakdown of the AGI income phase out for IRA maximum contribution. For single/married filing single households (AGI) range is $55,000 to $65,000, for tax payers who are married filing jointly the (AGI) range is $89,000 to $109,000. The AGI income phase out is for tax payers who are actively contributing to a work place retirement plan.
The AGI income phase out for Roth IRA maximum contributions are the following income range. Single/married filing single household income $105,000 to $120,00, for tax payers who married filing jointly income range is $166,000 to $176,000
For your Long term care insurance premiums, the daily exclusion from income is $280. Here is the breakdown of the maximum annual expense deductions for paid premium payments.
Age 40 and under $320 monthly payments
Age 41 to 50 monthly payments of $600
Age 51 to 60 monthly payments of $1,190
Age 61 to 70 monthly payments of $3,180
Age 71 to 80 monthly payments of $3,980
Here is the (scaled) Medicare B Premiums The amount is $1,157 per year or $96.40 per month premium payments. The (MAGI) thresh hold for s single/head household is $85,000 or less. The (Magi) married filing jointly thresh hold for income is $170,000.
Gifting exclusions; The annual $13,000 per recipient with a life time cap amount of $1,000,000. The federal estate tax life time exemption is $3,500,000.
The Max earnings allowed for people who receive social security is $14,160. The max earning amount that is subject to social security tax is $106,800. The monthly average amount of a social security check is $1,164 for a retired worker.
As always check with a tax professional when you are preparing your own individual tax returns. You can also ask your IRS government official questions on line at http://www.IRS.gov. For question about your social security you can go on line at http://www.SocialSecurity.gov
retirement age will be age 67.
Here is the following annual maximum contributions to your work place retirement plans. The annual maximum contribution is $16,500 for 2010 for 401(k), 403(b), 457 and SEP plans. People who are age 50 or above can contribute an additional $5,500 annual catch up contribution.
For your (IRA's) Individual Retirement Accounts, your maximum contribution is $5,000. If you are age 50 or above your maximum contribution is $6,000 per year. The maximum contributions to after tax Roth (IRA) is the same as the traditional IRA.
Here is the breakdown of the AGI income phase out for IRA maximum contribution. For single/married filing single households (AGI) range is $55,000 to $65,000, for tax payers who are married filing jointly the (AGI) range is $89,000 to $109,000. The AGI income phase out is for tax payers who are actively contributing to a work place retirement plan.
The AGI income phase out for Roth IRA maximum contributions are the following income range. Single/married filing single household income $105,000 to $120,00, for tax payers who married filing jointly income range is $166,000 to $176,000
For your Long term care insurance premiums, the daily exclusion from income is $280. Here is the breakdown of the maximum annual expense deductions for paid premium payments.
Age 40 and under $320 monthly payments
Age 41 to 50 monthly payments of $600
Age 51 to 60 monthly payments of $1,190
Age 61 to 70 monthly payments of $3,180
Age 71 to 80 monthly payments of $3,980
Here is the (scaled) Medicare B Premiums The amount is $1,157 per year or $96.40 per month premium payments. The (MAGI) thresh hold for s single/head household is $85,000 or less. The (Magi) married filing jointly thresh hold for income is $170,000.
Gifting exclusions; The annual $13,000 per recipient with a life time cap amount of $1,000,000. The federal estate tax life time exemption is $3,500,000.
The Max earnings allowed for people who receive social security is $14,160. The max earning amount that is subject to social security tax is $106,800. The monthly average amount of a social security check is $1,164 for a retired worker.
As always check with a tax professional when you are preparing your own individual tax returns. You can also ask your IRS government official questions on line at http://www.IRS.gov. For question about your social security you can go on line at http://www.SocialSecurity.gov
Wednesday, January 6, 2010
Developing your Financial Literacy your Key to acheiving Financial Freedom
Understanding how your ability to manage your money is a vital skill set to develop. Your relationship to money is as important as your relationship to your spouse,family and friends. How your spouse handles money is also a vital factor in your failure or success in money management.
Building and cultivating your money consciousness is a sign of financial maturity. In children their motto is "I got to have it know", "I need it really, really bad" The next level of maturity is understanding that you
have to work for your money. Some people will view money as the root of all evil. A fully maturity phase is one where a person will seek out knowledge of how money works and how to put the money to it's highest and best use.
Financial literacy is the seed that can grow the money tree of knowledge. As a child how many times have you heard your parents say, "What do you think, that money grows on trees?" No money does not grow on trees. However, if you understand the role of money you can grow your financial knowledge from a seed into a money making tree.
One of the first steps in financial literacy is to understand the language of finance.You can study the dictionary of finance and investment terms. Once you grasp the language of finance then you can begin to comprehend the basic concepts of finance and money.
You can educate yourself to understand basic finance and business statements. Know what is defined as good debt versus bad debt. Discover how cash flow affects your personal and business success. Track your income and spending. Know what an assist is and what a liability is. Build up a Net worth sheet to know where you are at financially speaking on any given day.
One example of good debt is to purchase an assist that produces income for you. Improve your job training skills through education. Build a part time business on the internet or off the internet. Become an affiliate marketing expert.Purchase rental income producing properties. Purchase bonds, commodities, mutual funds, stock option sales, stocks. Utilize the dividends, interest, option premiums to purchase additional income producing assets.
You can educate yourself by viewing on cable TV programs such as CNBC, CNN, PBS Wealth Track programs. Fully utilize your local public library resources. Subscribe to financial magazines.
Attend financial money management seminars in your area. Some are free some will charge a fee to attend.My favorite saying is "If it is free it is for me"
Find a financial money guru/mentor to guide you towards your financial goals. You can also join local investor meet up groups.One source to see what is available in your local area is http://www.Meetup.com.
There are an important group of people who can greatly influence your failure or success in money management. Your spouse, family and friends.
It is hard to achieve success in life if your spouse, family, and friends are constantly negative and are spending like there is no tomorrow. You need to expand your group of friends to include successful people who can provide you with positive guidance.
Awakening and cultivating your money consciousness is key to your success in life. With your dedication, hard work, and persistence you can achieve your own goal of financial freedom.
Building and cultivating your money consciousness is a sign of financial maturity. In children their motto is "I got to have it know", "I need it really, really bad" The next level of maturity is understanding that you
have to work for your money. Some people will view money as the root of all evil. A fully maturity phase is one where a person will seek out knowledge of how money works and how to put the money to it's highest and best use.
Financial literacy is the seed that can grow the money tree of knowledge. As a child how many times have you heard your parents say, "What do you think, that money grows on trees?" No money does not grow on trees. However, if you understand the role of money you can grow your financial knowledge from a seed into a money making tree.
One of the first steps in financial literacy is to understand the language of finance.You can study the dictionary of finance and investment terms. Once you grasp the language of finance then you can begin to comprehend the basic concepts of finance and money.
You can educate yourself to understand basic finance and business statements. Know what is defined as good debt versus bad debt. Discover how cash flow affects your personal and business success. Track your income and spending. Know what an assist is and what a liability is. Build up a Net worth sheet to know where you are at financially speaking on any given day.
One example of good debt is to purchase an assist that produces income for you. Improve your job training skills through education. Build a part time business on the internet or off the internet. Become an affiliate marketing expert.Purchase rental income producing properties. Purchase bonds, commodities, mutual funds, stock option sales, stocks. Utilize the dividends, interest, option premiums to purchase additional income producing assets.
You can educate yourself by viewing on cable TV programs such as CNBC, CNN, PBS Wealth Track programs. Fully utilize your local public library resources. Subscribe to financial magazines.
Attend financial money management seminars in your area. Some are free some will charge a fee to attend.My favorite saying is "If it is free it is for me"
Find a financial money guru/mentor to guide you towards your financial goals. You can also join local investor meet up groups.One source to see what is available in your local area is http://www.Meetup.com.
There are an important group of people who can greatly influence your failure or success in money management. Your spouse, family and friends.
It is hard to achieve success in life if your spouse, family, and friends are constantly negative and are spending like there is no tomorrow. You need to expand your group of friends to include successful people who can provide you with positive guidance.
Awakening and cultivating your money consciousness is key to your success in life. With your dedication, hard work, and persistence you can achieve your own goal of financial freedom.
Monday, January 4, 2010
Discover the benefits of a VA home loan program
The following is a list of benefits to a prospective home buyer to apply for a VA home loan;
- There is no down payment required unless the (Certificate of reasonable value of Property)i.e. "the property appraisal," is lower than the purchase sale price of your property.
- There is no mortgage insurance premiums
- You have the right to pre pay your mortgage with out limit
- For construction loans, VA home loans require that the builder obtain cooperation for the
lender. A VA home inspection is required.
- Closing costs are comparable & might be lower with other mortgage loan financing
- You have the ability to finance the VA Funding fee.
What are the VA county loan limits? Go to the web site http://www.Homeloans.vagov/docs/2010_County_loan_limits.pdf. Call the VA at 1-(800-827-1000)
In Massachusetts for example the VA county home loan limits are a max guaranty loan amount of $475,000,in Dukes county $600,250,on the Nantucket island $1,094,625.
What is guaranteed by the VA home loan program? The guarantee is to the private lender of your mortgage application. The purpose of the guarantee to protect the lender against losses if the borrower defaults and fails to payoff the mortgage loan amount.The benefit to the borrower of the guarantee is that the private lender can finance 100% of the loan amount without having to pay mortgage insurance premiums.
What is the process of obtaining a Certificate of Eligibility and a VA home loan?
First you need to complete a VA form 26-1880, known as a request for a certificate of eligibility for home loan Benefits. A discharged veteran needs to submit a copy of his DD Form 214.
For those veterans still on active duty with the military or in the military reserves, and national guard,you need a copy of your enlistment contract listing your date of entry in service, include your full name and social security number.
Where to I apply for the certificate of eligibility and the VA home loan?
You can apply on line at http://www.Homeloans.va.gov. Stop into the Winston-Salem NC eligibility center or any one of the 9 regional loan centers. For contract information online go to
http://www.Veterans Adminstration.gov
You can also ask any private lender who participates in the VA home loan program to do a WEB LGY Certificate of eligibility.
What is the processing steps of a VA home loan that I can expect to see?
- Apply and obtain a VA certificate of eligibility form 26-1880
- It is recommend that you attend a pre-counseling class with the (HUD) Department of
Housing and Urban Development. Web site is http:// www.Hud.gov, or call 1-800-569-4287
- Apply and obtain from a private mortgage lender a mortgage Pre-Qualification letter. This will determine what property price range you can purchase.
- Find and locate a primary residence 1-4 family unit or condo that will meet your needs.
- Submit an offer to purchase the property.
- Prior to signing a purchase and sales agreement it is recommended that you conduct an home inspection of the property.You can either come to terms with the seller over any home inspection issues that arise, or you can cancel the sale of the home. It is recommended that you consult with a qualified real estate attorney to review the purchase and sales agreement.
- After you sign a purchase and sales agreement. The private lender will order a property appraisal to determine the value of your property. With a VA home loan your appraisal must fill out a (Certificate of reasonable value of property report). The appraiser must be a licensed
and approved by VA appraiser.
- You must meet the qualifying underwriting conditions and guidelines of the private lending institution. Once those conditions are met then a title search and real estate closing will occur. At closing as a buyer you will sign a mortgage note and deed obligating you to pay back the mortgage loan amount.
A VA home loan programs is an excellent opportunity to participate in the American dream of home ownership. To build up your financial independance
consider purchasing a mulity family 2-4 unit property as a primary residence. Have your tenants pay your mortgage payments.
- There is no down payment required unless the (Certificate of reasonable value of Property)i.e. "the property appraisal," is lower than the purchase sale price of your property.
- There is no mortgage insurance premiums
- You have the right to pre pay your mortgage with out limit
- For construction loans, VA home loans require that the builder obtain cooperation for the
lender. A VA home inspection is required.
- Closing costs are comparable & might be lower with other mortgage loan financing
- You have the ability to finance the VA Funding fee.
What are the VA county loan limits? Go to the web site http://www.Homeloans.vagov/docs/2010_County_loan_limits.pdf. Call the VA at 1-(800-827-1000)
In Massachusetts for example the VA county home loan limits are a max guaranty loan amount of $475,000,in Dukes county $600,250,on the Nantucket island $1,094,625.
What is guaranteed by the VA home loan program? The guarantee is to the private lender of your mortgage application. The purpose of the guarantee to protect the lender against losses if the borrower defaults and fails to payoff the mortgage loan amount.The benefit to the borrower of the guarantee is that the private lender can finance 100% of the loan amount without having to pay mortgage insurance premiums.
What is the process of obtaining a Certificate of Eligibility and a VA home loan?
First you need to complete a VA form 26-1880, known as a request for a certificate of eligibility for home loan Benefits. A discharged veteran needs to submit a copy of his DD Form 214.
For those veterans still on active duty with the military or in the military reserves, and national guard,you need a copy of your enlistment contract listing your date of entry in service, include your full name and social security number.
Where to I apply for the certificate of eligibility and the VA home loan?
You can apply on line at http://www.Homeloans.va.gov. Stop into the Winston-Salem NC eligibility center or any one of the 9 regional loan centers. For contract information online go to
http://www.Veterans Adminstration.gov
You can also ask any private lender who participates in the VA home loan program to do a WEB LGY Certificate of eligibility.
What is the processing steps of a VA home loan that I can expect to see?
- Apply and obtain a VA certificate of eligibility form 26-1880
- It is recommend that you attend a pre-counseling class with the (HUD) Department of
Housing and Urban Development. Web site is http:// www.Hud.gov, or call 1-800-569-4287
- Apply and obtain from a private mortgage lender a mortgage Pre-Qualification letter. This will determine what property price range you can purchase.
- Find and locate a primary residence 1-4 family unit or condo that will meet your needs.
- Submit an offer to purchase the property.
- Prior to signing a purchase and sales agreement it is recommended that you conduct an home inspection of the property.You can either come to terms with the seller over any home inspection issues that arise, or you can cancel the sale of the home. It is recommended that you consult with a qualified real estate attorney to review the purchase and sales agreement.
- After you sign a purchase and sales agreement. The private lender will order a property appraisal to determine the value of your property. With a VA home loan your appraisal must fill out a (Certificate of reasonable value of property report). The appraiser must be a licensed
and approved by VA appraiser.
- You must meet the qualifying underwriting conditions and guidelines of the private lending institution. Once those conditions are met then a title search and real estate closing will occur. At closing as a buyer you will sign a mortgage note and deed obligating you to pay back the mortgage loan amount.
A VA home loan programs is an excellent opportunity to participate in the American dream of home ownership. To build up your financial independance
consider purchasing a mulity family 2-4 unit property as a primary residence. Have your tenants pay your mortgage payments.
Tuesday, December 29, 2009
IRS changes for tax year 2010
According to the Kiplinger Washington Editors inc, report on the Top (AGI) Adjusted Gross Income,income taxed paid as a % the following AGI bore the most tax burden;
1) AGI $32,878 bore a 97% of income taxes paid
2) AGI $66,532 bore a 87% of income taxes paid
3) AGI $113,018 bore a 71% of income taxes paid
4) AGI $160,041 bore a 61% of income taxes paid
5) AGI $410,096 bore a 40% of income taxes paid
So the question become how do the IRS changes for the up coming 2010 tax season help lower the amount of income taxes paid? There have been several changes and updates to the IRS regulations. The following is a sample of the most common updates and over looked tax deductions;
State with holding taxes from your paycheck, if you had to pay state taxes last year you can claim the amount of owed taxes on the prior tax years filing.
Make work Pay Credit For a single filing tax person they receive a $400 reduction of their tax bill. For a married filing tax couple their tax bill is reduced by $800.The AGI phase out for singles are
$75,000,and for couples the AGI is $150,000. Utilize IRS form Schedule M. Make work pay credit is designed to reduced the payroll tax withholding rate.
If you purchased a new vehicle such as a new car, motorcycle, motor home, or truck after Feb 16,2009 prior to Dec 31,2009, you can deduct the sales tax on that new purchase up to the first $49,500 of qualified cost.The AGI phase out begins for single tax payers at $125,000, for married couple a
AGI $250,000. The deduction is gone for AGI income level of single tax payers at $135,000 and a AGI $260,000 for couples. Utilize IRS form Schedule L
If your state has no income tax such as Alaska, Florida, New Hampshire, you can claim state sales tax.
If you own Real Estate property are paying property tax you can claim the paid property taxes as a deduction. A new rule for tax filers who file a standard tax deduction on a non itemized tax filers. You folks can now receive a tax deduction of $500 per single tax payer,$1,000 deduction for married tax filers. The IRS form you need to fill out is a Schedule L form
Another new rule from the IRS is that tax filers who file a standard deduction form can also claim a causality loss deduction.The tax filers can add the casualty losses to their standard deduction amount.
The "First time home buyers credit" the credit amount is $8,000 for homes purchase before November 30,2009.As of November 6,2009 a new $6,500 tax credit was granted for long time homeowners who continuously owned property for the past 5 years out of the last 8 years. See your professional tax adviser for details or go to http://www.IRS.gov
Other tax credits include home improvement energy savings credit. You can receive up to a max credit of $1,500 for the following home improvement energy updates on your home. Replacement of outside doors, windows, skylights, water heaters, high energy efficiency furnaces, Central AC,
bio mass fuel stoves.
If you refinanced your home and you paid points you can deduct the cost of the points. As an example let's say that you paid $1,000 in points. Your mortgage is a 30 year loan. You can take 1/30th of the $1,000 per year of the life of the mortgage loan.In this example your deduction amount is $33 per year.
You can deduct the interest of your mortgage or home equity credit line payments. See your tax professional for details or go to the IRS web site http://www.IRS.gov
If you inherited a IRA from an estate you can claim an estate income tax deduction. As an example you inherited a $100,000 IRA from grandmother, your estate income tax burden would be $45,000 added to your tax bill. You will be able to deduct the $45,000 of taxes on your tax returns.
See your tax professional for details.
Unemployment- With over 10% of the US population facing unemployment there are changes that you should be aware of.You can claim $0.24 per mile for driving to job interview, job fairs, moving expenses if you move do to accepting a job out of state. You can deduct the cost of shipping your household goods, paying for tolls on highway, any parking fees, meals,and lodging expenses. You can also deduct the first $2,400 of your unemployment income collected in 2009.
Child care credit 2 or more children can qualify for a $6,000 credit.If you have a tax favored account you can receive up to $5,000 credit. Any parents who pay their child's student loans can deduct the interest of those student loans.
Charitable deductions When you drive to your charity you can deduct $0.14 per mile. Keep a log of your dates and locations of charitable works.You can deduct the cost of any goods that you make to donate to charity.
Medical deductions. See your tax advisor or the IRS website http://www.IRS.gov for details.
Military pay/ Military reservist travel expenses. Traveling 100 miles or more to weekend drills is deductible at a rate of $0.55 per mile.Meals, lodging, and tolls are deductible.
As you can see there are many new IRS rules and updates that are available to take advantage off. You might as well take advantage of as many tax credits and deductions as you can. It is advisable for you to consult with a professional tax advisor to maximize your deductions.
1) AGI $32,878 bore a 97% of income taxes paid
2) AGI $66,532 bore a 87% of income taxes paid
3) AGI $113,018 bore a 71% of income taxes paid
4) AGI $160,041 bore a 61% of income taxes paid
5) AGI $410,096 bore a 40% of income taxes paid
So the question become how do the IRS changes for the up coming 2010 tax season help lower the amount of income taxes paid? There have been several changes and updates to the IRS regulations. The following is a sample of the most common updates and over looked tax deductions;
State with holding taxes from your paycheck, if you had to pay state taxes last year you can claim the amount of owed taxes on the prior tax years filing.
Make work Pay Credit For a single filing tax person they receive a $400 reduction of their tax bill. For a married filing tax couple their tax bill is reduced by $800.The AGI phase out for singles are
$75,000,and for couples the AGI is $150,000. Utilize IRS form Schedule M. Make work pay credit is designed to reduced the payroll tax withholding rate.
If you purchased a new vehicle such as a new car, motorcycle, motor home, or truck after Feb 16,2009 prior to Dec 31,2009, you can deduct the sales tax on that new purchase up to the first $49,500 of qualified cost.The AGI phase out begins for single tax payers at $125,000, for married couple a
AGI $250,000. The deduction is gone for AGI income level of single tax payers at $135,000 and a AGI $260,000 for couples. Utilize IRS form Schedule L
If your state has no income tax such as Alaska, Florida, New Hampshire, you can claim state sales tax.
If you own Real Estate property are paying property tax you can claim the paid property taxes as a deduction. A new rule for tax filers who file a standard tax deduction on a non itemized tax filers. You folks can now receive a tax deduction of $500 per single tax payer,$1,000 deduction for married tax filers. The IRS form you need to fill out is a Schedule L form
Another new rule from the IRS is that tax filers who file a standard deduction form can also claim a causality loss deduction.The tax filers can add the casualty losses to their standard deduction amount.
The "First time home buyers credit" the credit amount is $8,000 for homes purchase before November 30,2009.As of November 6,2009 a new $6,500 tax credit was granted for long time homeowners who continuously owned property for the past 5 years out of the last 8 years. See your professional tax adviser for details or go to http://www.IRS.gov
Other tax credits include home improvement energy savings credit. You can receive up to a max credit of $1,500 for the following home improvement energy updates on your home. Replacement of outside doors, windows, skylights, water heaters, high energy efficiency furnaces, Central AC,
bio mass fuel stoves.
If you refinanced your home and you paid points you can deduct the cost of the points. As an example let's say that you paid $1,000 in points. Your mortgage is a 30 year loan. You can take 1/30th of the $1,000 per year of the life of the mortgage loan.In this example your deduction amount is $33 per year.
You can deduct the interest of your mortgage or home equity credit line payments. See your tax professional for details or go to the IRS web site http://www.IRS.gov
If you inherited a IRA from an estate you can claim an estate income tax deduction. As an example you inherited a $100,000 IRA from grandmother, your estate income tax burden would be $45,000 added to your tax bill. You will be able to deduct the $45,000 of taxes on your tax returns.
See your tax professional for details.
Unemployment- With over 10% of the US population facing unemployment there are changes that you should be aware of.You can claim $0.24 per mile for driving to job interview, job fairs, moving expenses if you move do to accepting a job out of state. You can deduct the cost of shipping your household goods, paying for tolls on highway, any parking fees, meals,and lodging expenses. You can also deduct the first $2,400 of your unemployment income collected in 2009.
Child care credit 2 or more children can qualify for a $6,000 credit.If you have a tax favored account you can receive up to $5,000 credit. Any parents who pay their child's student loans can deduct the interest of those student loans.
Charitable deductions When you drive to your charity you can deduct $0.14 per mile. Keep a log of your dates and locations of charitable works.You can deduct the cost of any goods that you make to donate to charity.
Medical deductions. See your tax advisor or the IRS website http://www.IRS.gov for details.
Military pay/ Military reservist travel expenses. Traveling 100 miles or more to weekend drills is deductible at a rate of $0.55 per mile.Meals, lodging, and tolls are deductible.
As you can see there are many new IRS rules and updates that are available to take advantage off. You might as well take advantage of as many tax credits and deductions as you can. It is advisable for you to consult with a professional tax advisor to maximize your deductions.
Saturday, December 26, 2009
Wednesday, December 23, 2009
Top tips on How to Avoid an IRS Audit
Top tips on how to avoid IRS audits
According the just released IRS audit enforcement numbers on 12/22/2009 on the IRS web site,your chances of getting an audit are only 1% if you make less than $200,000 per year. Those people who are fortunate enough to make over $200,000 up to $1,000,000 will face a 3% chance of facing an IRS auditor. If you make over $1 million dollars per year your chances of being audited are doubled to 6%.
So for fiscal year ending September 30, 2009 how many audits were conducted by the IRS? The IRS audits totaled 1.4 million for that year. The total revenue collected by the IRS from those audits for fiscal year 2009 was $48.9 billion dollars. During the prior fiscal year of 2008 the IRS collected $56.4 billion dollars.
The question then becomes two fold. How do you avoid an IRS audit? What will the IRS focus upon for 2010?
The IRS audits are not random audits. The IRS will conduct a "research audit's" to test compliance within business tax categories. For 2010 the primary focus of the IRS will be pay roll taxes, as well as tax exempt organizations.
Most of the federal tax returns are processed by computers. Those computers are programmed to look for tax returns based upon statistical norms in each professional income and tax deductions. If your information does not fall within the statistical norms or the numbers don't add up or contain mathematical errors, those computers will kick out that return to be reviewed manually.
The following are some of the 10 most common reasons that will trigger a "Red Flag" for the IRS auditor.
1 An incomplete tax form.No signatures or dates on the tax returns. Poor math skills
2) Un reported income. You must report all your interest/dividends, capital gains, and any miscellaneous income.
3) Suspiciously report low income when compared to statistical average income of your professions.
4) Higher income brackets will increase your % chances of being audited.
5) A drastic change in your income amount.
6) Too many rounded numbers on your tax return.
7) Your charitable contributions are greater than the statistical average of your tax bracket.
8) Your participation in a tax avoidance scam
9) You itemized deductions are beyond the statistical average of your income tax bracket.
10) Disagreements in your numbers between your state and federal tax return.
With over 12 million people facing unemployment many of those people are turning to self employment as a means to earn a living. Self employed people will be filing a Schedule C IRS form. It will be worth your while to go to the IRS web site and review the IRS definition of a business versus a hobby.
What are some of the "Red Flag's" that the IRS will look out for? They are the following;
1) Payroll businesses that are treating their employees as a 1099 independent contractor. You want to review the IRS publication 15A employers supplemental tax guide.
2) Including family members on your pay roll.
3) Home office deductions
4) Business trip deductions travel expenses, meals, hotels,
5) Excessive entertainment expenses. Dinning out with clients etc.
Remember never to face the IRS audit alone. It always pay's to employ a tax professional. Doing your taxes your self can save you money up front. But will Turbo tax computer be sitting with you when the IRS man comes a calling?
According the just released IRS audit enforcement numbers on 12/22/2009 on the IRS web site,your chances of getting an audit are only 1% if you make less than $200,000 per year. Those people who are fortunate enough to make over $200,000 up to $1,000,000 will face a 3% chance of facing an IRS auditor. If you make over $1 million dollars per year your chances of being audited are doubled to 6%.
So for fiscal year ending September 30, 2009 how many audits were conducted by the IRS? The IRS audits totaled 1.4 million for that year. The total revenue collected by the IRS from those audits for fiscal year 2009 was $48.9 billion dollars. During the prior fiscal year of 2008 the IRS collected $56.4 billion dollars.
The question then becomes two fold. How do you avoid an IRS audit? What will the IRS focus upon for 2010?
The IRS audits are not random audits. The IRS will conduct a "research audit's" to test compliance within business tax categories. For 2010 the primary focus of the IRS will be pay roll taxes, as well as tax exempt organizations.
Most of the federal tax returns are processed by computers. Those computers are programmed to look for tax returns based upon statistical norms in each professional income and tax deductions. If your information does not fall within the statistical norms or the numbers don't add up or contain mathematical errors, those computers will kick out that return to be reviewed manually.
The following are some of the 10 most common reasons that will trigger a "Red Flag" for the IRS auditor.
1 An incomplete tax form.No signatures or dates on the tax returns. Poor math skills
2) Un reported income. You must report all your interest/dividends, capital gains, and any miscellaneous income.
3) Suspiciously report low income when compared to statistical average income of your professions.
4) Higher income brackets will increase your % chances of being audited.
5) A drastic change in your income amount.
6) Too many rounded numbers on your tax return.
7) Your charitable contributions are greater than the statistical average of your tax bracket.
8) Your participation in a tax avoidance scam
9) You itemized deductions are beyond the statistical average of your income tax bracket.
10) Disagreements in your numbers between your state and federal tax return.
With over 12 million people facing unemployment many of those people are turning to self employment as a means to earn a living. Self employed people will be filing a Schedule C IRS form. It will be worth your while to go to the IRS web site and review the IRS definition of a business versus a hobby.
What are some of the "Red Flag's" that the IRS will look out for? They are the following;
1) Payroll businesses that are treating their employees as a 1099 independent contractor. You want to review the IRS publication 15A employers supplemental tax guide.
2) Including family members on your pay roll.
3) Home office deductions
4) Business trip deductions travel expenses, meals, hotels,
5) Excessive entertainment expenses. Dinning out with clients etc.
Remember never to face the IRS audit alone. It always pay's to employ a tax professional. Doing your taxes your self can save you money up front. But will Turbo tax computer be sitting with you when the IRS man comes a calling?
Friday, December 18, 2009
Sarah Palin; A classic symptom of Narcissism
Symptoms of Narcissism
In order to diagnosis the symptoms of Narcissism you first need to define and understand what narcissism is.According to Webster's dictionary Narcissism is defined as the following;
1) Self love; excessive interest in one's own appearance, comfort, importance, abilities, etc.
2) Psychoanalysis arrest at or regression to the first stage of libidinal development,in which the self is an object of erotic pleasure.
It was Sigmund Freud who pioneered the study of narcissism. According to psychological experts only 0-7.1% of the general population will suffer from (NPD) formally known as cluster B symptoms. Out of those 0-7.1% of those diagnosed with narcissism 75% will be men.
The narcissistic pattern of behavior and traits include the following; a) a significant infatuation and obsession with one's self to the exclusion of all others. b) a ruthless single minded pursuit of one's ambitions, total dominance,and self gratification.
Some of the symptoms of narcissism include; substance abuse, a tendency towards impulsive, or reckless behaviors. Your narcissistic personality will exhibit a need to feel admired by their fans, a overall feeling of self grandiosity, and a total lack of empathy towards other people.
Other personality traits include a arrogant, haughty behavior combined with a feeling of entitlement.
A narcissistic personality will feel that they are entitled and will expect to receive favorable and special treatment. They will feel a overwhelming need to achieve excessive admiration, attention from the media, affirmation from their fans.
If critiques question a narcissistic personality those critiques will feel the emotional lashing out by the narcissist personality. If a narcissistic cannot be achieved admiration, affection and positive attention that person will desire to be feared.
A narcissistic personality cannot stand to be contradicted, confronted, or questioned by others. A typical narcissistic personality response to being confronted or questioned will be to lash out at the accuser and to demonized that person.
The attitude of those of narcissistic personality traits are you are either with us or you are against us. A narcissistic personality will try to delegitimize their opponent by verbally attacking them with lies and exaggerations.
Exaggerations, fear and lies are an acceptable means to the end of achieving their goals. On the national political scene both conservative and liberal pundits will utilize the word Narcissism to describe their political opponents.
In the case of conservative pundits they love to call the President Barrack Hussein Obama as a Narcissistic socialist. Meanwhile the liberal pundits love to characterize former Alaska governorSarah Palin as being a narcissistic personality type.
Which of those political personalities show a greater narcissistic personality type?
Based upon the pattern of behaviors of Sarah Palin versus Barrack H. Obama, the overwhelming list of symptoms apply towards Sarah Palin.
Impulsive or reckless behavior was exhibited when the former Governor resigned on July 3, 2009. A narcissistic personality also feels the need of entitlement. Witness the extravagant claims of travel expense to and from her home in Wasilla, Alaska to the capital.
The former governor of Alaska used the people of Alaska to achieve her own ends and means of publishing her book and quitting the governorship for the sake of money. Witness the quitting of her current vacation in Hawaii. She is blaming the media for her quitting the family vacation.
A narcissistic personality can not stand to be confronted, contradicted or questioned. Witness the recent flap between the Governor of California and Sarah Palin over global warming. Witness the continuing blame and victimization game that Sarah Palin blames the evil "liberal media elites".
Witness the spat between her former son in law Levi and herself. Witness the treatment of her former in law the state trooper in Trooper gate. Witness her leadership style as mayor of Wasilla, Alaska.
To supporters of Sarah Palin, she is down to earth politician who can do no wrong. Supporters will lover her no matter what the facts are. Detractors will hate her no matter what the facts are. A narcissist personality figure will bring out committed passions about that person. After all a narcissistic personality craves and loves the admirations, affirmation, and attention from her fans.
A narcissistic personality also loves to be despised and feared by her detractors
In order to diagnosis the symptoms of Narcissism you first need to define and understand what narcissism is.According to Webster's dictionary Narcissism is defined as the following;
1) Self love; excessive interest in one's own appearance, comfort, importance, abilities, etc.
2) Psychoanalysis arrest at or regression to the first stage of libidinal development,in which the self is an object of erotic pleasure.
It was Sigmund Freud who pioneered the study of narcissism. According to psychological experts only 0-7.1% of the general population will suffer from (NPD) formally known as cluster B symptoms. Out of those 0-7.1% of those diagnosed with narcissism 75% will be men.
The narcissistic pattern of behavior and traits include the following; a) a significant infatuation and obsession with one's self to the exclusion of all others. b) a ruthless single minded pursuit of one's ambitions, total dominance,and self gratification.
Some of the symptoms of narcissism include; substance abuse, a tendency towards impulsive, or reckless behaviors. Your narcissistic personality will exhibit a need to feel admired by their fans, a overall feeling of self grandiosity, and a total lack of empathy towards other people.
Other personality traits include a arrogant, haughty behavior combined with a feeling of entitlement.
A narcissistic personality will feel that they are entitled and will expect to receive favorable and special treatment. They will feel a overwhelming need to achieve excessive admiration, attention from the media, affirmation from their fans.
If critiques question a narcissistic personality those critiques will feel the emotional lashing out by the narcissist personality. If a narcissistic cannot be achieved admiration, affection and positive attention that person will desire to be feared.
A narcissistic personality cannot stand to be contradicted, confronted, or questioned by others. A typical narcissistic personality response to being confronted or questioned will be to lash out at the accuser and to demonized that person.
The attitude of those of narcissistic personality traits are you are either with us or you are against us. A narcissistic personality will try to delegitimize their opponent by verbally attacking them with lies and exaggerations.
Exaggerations, fear and lies are an acceptable means to the end of achieving their goals. On the national political scene both conservative and liberal pundits will utilize the word Narcissism to describe their political opponents.
In the case of conservative pundits they love to call the President Barrack Hussein Obama as a Narcissistic socialist. Meanwhile the liberal pundits love to characterize former Alaska governorSarah Palin as being a narcissistic personality type.
Which of those political personalities show a greater narcissistic personality type?
Based upon the pattern of behaviors of Sarah Palin versus Barrack H. Obama, the overwhelming list of symptoms apply towards Sarah Palin.
Impulsive or reckless behavior was exhibited when the former Governor resigned on July 3, 2009. A narcissistic personality also feels the need of entitlement. Witness the extravagant claims of travel expense to and from her home in Wasilla, Alaska to the capital.
The former governor of Alaska used the people of Alaska to achieve her own ends and means of publishing her book and quitting the governorship for the sake of money. Witness the quitting of her current vacation in Hawaii. She is blaming the media for her quitting the family vacation.
A narcissistic personality can not stand to be confronted, contradicted or questioned. Witness the recent flap between the Governor of California and Sarah Palin over global warming. Witness the continuing blame and victimization game that Sarah Palin blames the evil "liberal media elites".
Witness the spat between her former son in law Levi and herself. Witness the treatment of her former in law the state trooper in Trooper gate. Witness her leadership style as mayor of Wasilla, Alaska.
To supporters of Sarah Palin, she is down to earth politician who can do no wrong. Supporters will lover her no matter what the facts are. Detractors will hate her no matter what the facts are. A narcissist personality figure will bring out committed passions about that person. After all a narcissistic personality craves and loves the admirations, affirmation, and attention from her fans.
A narcissistic personality also loves to be despised and feared by her detractors
Saturday, November 21, 2009
So you want to Discover how to make money On Line?
Greetings everybody I have some beneficial and exciting news for you. I have just published an effective, proven, yet simple ideas E-Book that will be available for purchase on line at the above link address. The address is http://www.smashwords.com/books/view/6266. The Price of this E-Book is $8.99. So for less than a dinner out at Apple Bee's restaurant your can gain a life time of helpful knowledge.
I have completed the hard work of researching the on line multiple on line streams of income. The results of my research to you will see some major benefits to you in the terms of saving you effort, money, and time.
Listen to me, I will be able to help you end your On line information overlord. I also have an extensive resource list that is included with the E-Book. This helpful resource list includes recommended blogs and blogger's to follow, the top blog's that are earning money, the top most influential blogger's.
I have completed the hard work of researching the on line multiple on line streams of income. The results of my research to you will see some major benefits to you in the terms of saving you effort, money, and time.
Listen to me, I will be able to help you end your On line information overlord. I also have an extensive resource list that is included with the E-Book. This helpful resource list includes recommended blogs and blogger's to follow, the top blog's that are earning money, the top most influential blogger's.
Monday, November 16, 2009
Defining Financial Risk's
One of the key's to successful investing is to know and understand the risks involved in making a financial decision. You need to know how much capital that you can afford to risk.
According to "the complete investment and finance dictionary," risk is defined as the cost of being wrong about the outcome of an investment. While you are making an investment decisions you need to consider the following factors;
1) The amount of capital (i.e.your money) that will be at risk
2) What is the time period before you need access to the principle of the capital investment amount? The shorter period of time that you need to utilize your capital the more conservative investment should be.
3) Understand your risk tolerance level. Emotions of fear and greed are involved.
4) What is the purpose of your investment? What is the role of your investment within your overall financial plan?
Risk can be further defined as pursuing a calculated probability of the success of your investment versus the probability of failure. Doing a calculated probability prior to your commitment of your capital will assist you in making a better investment decision.
On the other hand uncertainty is you are making an investment decision based upon having no knowledge, or basis point to make your investment decisions. So to put this in lay man's terms you are making an investment decision based upon a hope and a prayer. You are throwing horse manure against the wall in hopes that anything will stick to the wall.
In addition to understanding financial risk you need to know the language of finance, and the strategy of making money. So you have to do your home work prior to making an investment decision. If you don't do your homework you might as well take your capital on vacation with you to the Los Vagas strip.
When it comes to investing in equities, mutual funds, stocks investors will look towards past performance of mutual funds and stocks in order to anticipation of future returns. Have you ever noticed that financial professionals will utilize the following disclaimer; "past performance is no guarantee of future performance"
In my common sense financial guide titled "Planting the Seed to Master the Money Tree of Knowledge" you can purchase and view my book on line at @=> http://www.BrianCodyPlantingtheSeedofKnowledge.com, or my publishers website at@=> http://www.Xlibris.com, I define risk as the measurable possibility of losing your capital investments either gaining value or losing value.
According to "the complete investment and finance dictionary," risk is defined as the cost of being wrong about the outcome of an investment. While you are making an investment decisions you need to consider the following factors;
1) The amount of capital (i.e.your money) that will be at risk
2) What is the time period before you need access to the principle of the capital investment amount? The shorter period of time that you need to utilize your capital the more conservative investment should be.
3) Understand your risk tolerance level. Emotions of fear and greed are involved.
4) What is the purpose of your investment? What is the role of your investment within your overall financial plan?
Risk can be further defined as pursuing a calculated probability of the success of your investment versus the probability of failure. Doing a calculated probability prior to your commitment of your capital will assist you in making a better investment decision.
On the other hand uncertainty is you are making an investment decision based upon having no knowledge, or basis point to make your investment decisions. So to put this in lay man's terms you are making an investment decision based upon a hope and a prayer. You are throwing horse manure against the wall in hopes that anything will stick to the wall.
In addition to understanding financial risk you need to know the language of finance, and the strategy of making money. So you have to do your home work prior to making an investment decision. If you don't do your homework you might as well take your capital on vacation with you to the Los Vagas strip.
When it comes to investing in equities, mutual funds, stocks investors will look towards past performance of mutual funds and stocks in order to anticipation of future returns. Have you ever noticed that financial professionals will utilize the following disclaimer; "past performance is no guarantee of future performance"
In my common sense financial guide titled "Planting the Seed to Master the Money Tree of Knowledge" you can purchase and view my book on line at @=> http://www.BrianCodyPlantingtheSeedofKnowledge.com, or my publishers website at@=> http://www.Xlibris.com, I define risk as the measurable possibility of losing your capital investments either gaining value or losing value.
Saturday, November 7, 2009
Tops tips on how to avoid affiliate marketing scams!
The follow tips on, how to avoid affiliate marketing scams will save you needless effort, heartache, frustrations, and money. The majority of affiliate marketing programs are legitimate business opportunities that can provide you multiple source of income. It will take hard work on your part to develop a source of study commissions.
1) Tip number One, is to research the affiliate marketing program on the internet. For example you can go to http://www.Google.com type in scam and the name of the affiliate marketing program. The view the results that you will receive.
2) Tip number Two, is to contact your local states attorney general website and look up your affiliate marketing program. You want to see if there are any consumer complaints against the company.
3) Tip number Three, is to review your local Better Business bureaus and your local chamber of commerce.
4) Tip number Four, if it is too good to be true then use caution and assume that it is too good to be true.
5) Tip number Five; verify your affiliate programs information on their contact page. Does you affiliate program list a local address, telephone number, e-mail address,web address? Contact those listed address and gauge the level of response to your simple inquiry.
6) Tip number Six, Is the internet IP address different than the business address or shipping address?
7) Tip number Seven, Review and understand the terms of service (TOS), read the fine print carefully.
8) Tip number Eight, Review the affiliate marketing programs conversion rate. Industry conversion rates as an average is 1 to 3 sales per every 100 clicks. Is the affiliate marketing programs conversion rate too good too be true?
9) Beware of affiliate marketing programs that No local address, web site address or Telephone number
10) Beware of affiliate marketing programs that have no track record, or no testimonials.
One of the keys to the success of affiliate marketing programs is to know your target audience. You want to analyze and understand the issues and problems that are facing your target audience. Your goal should be to utilize the affiliate marketing programs to resolve the issues and problems of your target audience.
For the most part affiliate marketing programs for the most part are legitimate business opportunities. They are a great way to start a part time business for you. The following is a list of reputable affiliate networks;
Amazon Associates, Azoogle, Axill, Click Bank, Commission Junction, Click Booth, CPA Empire, Click Exchange, Ebay, Pay Dot.Com, Link Share.com, Never Blue ads, Trade Double, Rocket Profit, ShareASale
Check out the following forums; WarriorForum.com, affiliate managers fighters forum
By following the tips that were mentioned in the proceeding paragraphs you will be able to save yourself fruitless effort, money, and time with affiliated marketing programs.
1) Tip number One, is to research the affiliate marketing program on the internet. For example you can go to http://www.Google.com type in scam and the name of the affiliate marketing program. The view the results that you will receive.
2) Tip number Two, is to contact your local states attorney general website and look up your affiliate marketing program. You want to see if there are any consumer complaints against the company.
3) Tip number Three, is to review your local Better Business bureaus and your local chamber of commerce.
4) Tip number Four, if it is too good to be true then use caution and assume that it is too good to be true.
5) Tip number Five; verify your affiliate programs information on their contact page. Does you affiliate program list a local address, telephone number, e-mail address,web address? Contact those listed address and gauge the level of response to your simple inquiry.
6) Tip number Six, Is the internet IP address different than the business address or shipping address?
7) Tip number Seven, Review and understand the terms of service (TOS), read the fine print carefully.
8) Tip number Eight, Review the affiliate marketing programs conversion rate. Industry conversion rates as an average is 1 to 3 sales per every 100 clicks. Is the affiliate marketing programs conversion rate too good too be true?
9) Beware of affiliate marketing programs that No local address, web site address or Telephone number
10) Beware of affiliate marketing programs that have no track record, or no testimonials.
One of the keys to the success of affiliate marketing programs is to know your target audience. You want to analyze and understand the issues and problems that are facing your target audience. Your goal should be to utilize the affiliate marketing programs to resolve the issues and problems of your target audience.
For the most part affiliate marketing programs for the most part are legitimate business opportunities. They are a great way to start a part time business for you. The following is a list of reputable affiliate networks;
Amazon Associates, Azoogle, Axill, Click Bank, Commission Junction, Click Booth, CPA Empire, Click Exchange, Ebay, Pay Dot.Com, Link Share.com, Never Blue ads, Trade Double, Rocket Profit, ShareASale
Check out the following forums; WarriorForum.com, affiliate managers fighters forum
By following the tips that were mentioned in the proceeding paragraphs you will be able to save yourself fruitless effort, money, and time with affiliated marketing programs.
Thursday, November 5, 2009
Best on-lin article money makeing strategies on Helium.com
Best Strategies for making Money on Helium
For authors writing articles on www.Helium.com provides the author with several outstanding opportunities to make money on the Helium site. An additional benefit to authors is the ability to build up their on line article portfolio platform.
The following are some of the wonderful opportunities to make money on Helium;
1) Up Front payments. Once you as a writer reach a premier writer status, you can receive a monthly flat rate per article submitted. As a writer on Helium you will be rated anywhere from a 1 star rating to a 5 star rating. The monthly flat rate is based upon your rating stars.
a) A 1 star rating will earn the author $0.50 per article, b) A 2 star rating will earn the author $1.00 per article, c) A 3 star rating will earn the author $1.50 per article d) a 4 star rating will earn the author $2.00 per article e) A 5 star rating will earn the author $2.50 per article
2) A second source of making money at Helium for authors is the daily share of revenue. The amount of your daily share will be based upon the following; a) Your article content quality, b) article interest c) Amount of traffic that your articles receive
Creating accurate, high quality written articles is a whole other article topic. You need to understand your target audience, and how to solve their issues and problems. You also need to know and understand how to write key words into your articles.
Creating on line traffic to view your articles is called a (SEO) search engine optimization strategy. In addition to knowing and understanding how to get on line traffic from (SEO) You also have to focus upon a social media market strategy.
Part of the social media market strategy includes adding an RSS feed from Helium to your on line social media market sites. Some of the most popular social media sites include http://www.Facebook.com, http://www.LinkedIn.com, and http://www.Twitter.com
What I do as a strategy is to copy and past my article URL into my social media sites. As an example feel free to view my blog at http://BCodyFrugalityAdvice.blogspot.com. Also feel free to follow me on twitter @ http://www.Twitter.com/FrugalityAdvice. View my web site any time @=> http://www.theCodyPrinciple.com
By following the strategies mentioned in the above paragraphs you will see an increase in traffic to your articles on Helium.
3) You can also earn money on Helium by submitting new article titles to Helium. You will earn a bonus of $1 for each article title that is picked by Helium. You have to follow Helium guidelines and make sure that your empty titles are at least 25% in the competitive title category.
4) A fourth opportunity to earn money on Helium is to write articles on the Market Place. As a writer you need to review and follow the publishers guidelines if you want to have your article accepted for publication by the market place publishers. You could earn anywhere from$20 to $200 per article that is accepted for publications. It is a good idea for you to review the publisher’s current articles on their web site. You want to see their style of article writing
5) A 5th money making opportunity at Helium is to enter and win writing contest. If your article is in the top 3 articles in the contest then you can win prize money. That prize money will be any where from $20 to $60 per contest. Some writers will as a strategy write one article submission for each article category.
6) A 6th money making opportunity at Helium is to rate other writers articles. If you maintain a 5 star rating you will earn a special $3 bonus at the end of the month.
7) The 7th money making opportunity at Helium is by inviting other authors to join the Helium community. You can earn 5% on all the invited authors’ article earnings.
As you can clearly see there is several great money making opportunities at Helium for authors. At first you will not be making a million dollar best selling articles. However, you can make a nice second source of passive income. Why not utilize the passive income that you earn here at Helium and use that income to purchase other online producing income sources.
For authors writing articles on www.Helium.com provides the author with several outstanding opportunities to make money on the Helium site. An additional benefit to authors is the ability to build up their on line article portfolio platform.
The following are some of the wonderful opportunities to make money on Helium;
1) Up Front payments. Once you as a writer reach a premier writer status, you can receive a monthly flat rate per article submitted. As a writer on Helium you will be rated anywhere from a 1 star rating to a 5 star rating. The monthly flat rate is based upon your rating stars.
a) A 1 star rating will earn the author $0.50 per article, b) A 2 star rating will earn the author $1.00 per article, c) A 3 star rating will earn the author $1.50 per article d) a 4 star rating will earn the author $2.00 per article e) A 5 star rating will earn the author $2.50 per article
2) A second source of making money at Helium for authors is the daily share of revenue. The amount of your daily share will be based upon the following; a) Your article content quality, b) article interest c) Amount of traffic that your articles receive
Creating accurate, high quality written articles is a whole other article topic. You need to understand your target audience, and how to solve their issues and problems. You also need to know and understand how to write key words into your articles.
Creating on line traffic to view your articles is called a (SEO) search engine optimization strategy. In addition to knowing and understanding how to get on line traffic from (SEO) You also have to focus upon a social media market strategy.
Part of the social media market strategy includes adding an RSS feed from Helium to your on line social media market sites. Some of the most popular social media sites include http://www.Facebook.com, http://www.LinkedIn.com, and http://www.Twitter.com
What I do as a strategy is to copy and past my article URL into my social media sites. As an example feel free to view my blog at http://BCodyFrugalityAdvice.blogspot.com. Also feel free to follow me on twitter @ http://www.Twitter.com/FrugalityAdvice. View my web site any time @=> http://www.theCodyPrinciple.com
By following the strategies mentioned in the above paragraphs you will see an increase in traffic to your articles on Helium.
3) You can also earn money on Helium by submitting new article titles to Helium. You will earn a bonus of $1 for each article title that is picked by Helium. You have to follow Helium guidelines and make sure that your empty titles are at least 25% in the competitive title category.
4) A fourth opportunity to earn money on Helium is to write articles on the Market Place. As a writer you need to review and follow the publishers guidelines if you want to have your article accepted for publication by the market place publishers. You could earn anywhere from$20 to $200 per article that is accepted for publications. It is a good idea for you to review the publisher’s current articles on their web site. You want to see their style of article writing
5) A 5th money making opportunity at Helium is to enter and win writing contest. If your article is in the top 3 articles in the contest then you can win prize money. That prize money will be any where from $20 to $60 per contest. Some writers will as a strategy write one article submission for each article category.
6) A 6th money making opportunity at Helium is to rate other writers articles. If you maintain a 5 star rating you will earn a special $3 bonus at the end of the month.
7) The 7th money making opportunity at Helium is by inviting other authors to join the Helium community. You can earn 5% on all the invited authors’ article earnings.
As you can clearly see there is several great money making opportunities at Helium for authors. At first you will not be making a million dollar best selling articles. However, you can make a nice second source of passive income. Why not utilize the passive income that you earn here at Helium and use that income to purchase other online producing income sources.
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