Positive Momentum & Wealth Building

Learn how you can use momentum to generate the success that you need or desire to attain as you build wealth…

 

In life there will be happenings that seem to defy the odds. It is important that you realize at this time that if you get started on your journey to financial freedom in a sincere manner—you can get positive momentum to work for you and your family.

 

In just the past month the creator of TheWealthIncreaser.com had the experience of seeing his youngest child experience a severe leg cramp in the left leg on one night while sleeping and then on the next night the creator of TheWealthIncreaser.com also experienced a severe leg cramp while sleeping (on the left leg as well) despite never having a severe cramp occur before while sleeping.

 

In another instance that same week the creator of TheWealthIncreaser.com experienced in his backyard a visit by hummingbirds on numerous occasions despite having seen a hummingbird twice during the creator of TheWealthIncreaser.com’s lifetime prior to that week.

 

Also, over 200 miles away the creator of TheWealthIncreaser.com’s father-in-law also experienced the visit of hummingbirds “for the first time” on numerous occasions during that same week.

 

In yet another incident in the past year the creator of TheWealthIncreaser.com purchased real estate after numerous attempts to buy other properties and the address of the property had the birth dates of my spouse and mother  and the city of my favorite football team as the subdivision name—and the phone number that I got that was associated with that address also had my spouse and my mother’s birth date in it.

 

The offer for the above property was accepted after numerous attempts at buying other properties in the area failed!

 

Although the creator of TheWealthIncreaser.com faced many challenges during the month of August 2019 (ended the month with the most severe cold of my life–sinus–head–chest–that practically downed the creator of TheWealthIncreaser.com for a week) it is important that you understand the importance of continuing to move forward and taking action when difficult stretches in your life occur so that you can get positive momentum moving in your life.

 

The severe cold helped  the creator of TheWealthIncreaser.com come up with the inspiration to create this page–however, much of the inspiration was lost due to the inability to capture the thoughts  during the period of the severe cold.

 

You Can Also Use Momentum & Positive Action to Gain More Traction

 

TheWealthIncreaser.com at this time decided to create this page to show you how you can use momentum to get things moving in your life and to also refocus and  recharge the mind of the creator of TheWealthIncreaser.com to do more–and achieve more in the remainder of 2019–and beyond.

 

It is the desire of TheWealthIncreaser.com that this discussion will help you gear up your mind so that you can more effectively “use momentum” to generate the success that you need or desire to attain as you build wealth–or in any other area of your life where you desire a successful outcome.

 

In the above instances the occurrences may appear as coincidences or happenstance, however it also is a result of getting positive momentum rolling by taking consistent decisive action that brought positive outcomes (ok—the leg cramp wasn’t all that positive) as a result of effort—that coincided with the universe taking notice and signaling that better days lie ahead!

 

Once you make a determined effort to pursue what you desire at your highest level of excellence you will put in motion the possibility of getting positive momentum to work in your favor—and achieve outcomes that may appear coincidental or unrelated to the decision(s) and action(s) that you took in a real and sincere manner at the various stages of your life.

 

How You Can Get Momentum to work for You & Your Family

 

1)

Determine where you are at financially so that you can make positive moves

 

In the current economy it is important that you get out in front of your finances so that you can know where you now are and know where you must go in your future.

 

You must know your cash flow position at this time and you must know if you can benefit from personal income statements and personal balance sheets.

 

You must also know that you can achieve far more by knowing your net worth and what you can do to improve your net worth.

 

2)

Master your credit so that you can achieve more throughout your lifetime

 

If you are one who have a need or desire to use credit wisely during your lifetime you must know how to use credit to your and your family’s greater benefit—not that of creditors and others who have no real concern for your future—let alone your future success.

 

You must know how to use “the 5 credit factors” to your advantage and you must know how to use the knowledge of the five credit factors to achieve at an optimum level throughout your lifetime.

 

It all starts with you obtaining working knowledge of how to use and master credit during your lifetime.

 

3)

Know at all times how to “comprehensively” manage your finances

 

It is important that you know—and act on all of the areas of your financial life that needs addressing.

 

That means you must thoroughly evaluate and come up with a plan of how you will manage your insurance, investments, taxes, education planning, estate planning /wills and retirement planning at the various stages of your life.

 

By doing so in a proactive manner you help to better prepare yourself and your family for your future and the success that you desire or need to achieve will be much more likely to occur.

 

Conclusion

 

You can “use momentum to get things moving in your life” and you can use coincidences that occur along your journey to financial freedom as a signal that the tide is about to turn and major success that will in large part be “propelled by momentum” and the actions that YOU decide to take or have taken–will have been the “key component” to making it all happen.

 

By taking consistent action you can put in motion the starting point to making “positive outcomes” occur on a more consistent basis and the success that you desire will be clearly visible to you.

 

In the near horizon you will begin to see and feel your life taking a turn for the better because “you” decided to look at and act on–your future in a better way.

 

In the far horizon you will see the success that you desire materializing and the future that you dreamed of (by putting it in writing) will be more likely to occur!

 

Your commitment at this time to pursue financial success at a level that is your absolute best will help set in motion momentum that you can use to achieve more.

 

All the best to improving your score and using momentum to open a new door….

 

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Questions You Need to Ask & Wealth Building

Questions & Wealth Building

Learn about some of the more pressing questions that you need to ask as you build wealth…

 

It is important that you ask and find credible answers to the financial questions that are of most important to you as you build wealth.

 

In this discussion TheWealthIncreaser.com will show you the importance of asking the right question(s) at the right stage in your life so that you can avoid common mistakes that seem to hold all too many back.

 

As you build wealth you must first determine where you now are so that you can put a plan in place that will improve or build upon where you now are–so that you can have a “clearer picture” of where you want (or can) go.

 

Your proper usage of personal financial statements will put you well ahead of those who go through life with no plan of action or no real direction as far as their ability to move forward in a more efficient manner is concerned.

 

You must have a highly effective system of managing your credit and you must know in a comprehensive way how to manage your finances throughout your lifetime.

 

Be sure to visit the following pages to learn more about the questions that you need to ask and get answers to at the various stages of your life!

 

Frequently Asked Questions that you can possibly benefit from:

 

FAQ’s–Learn about the questions you need to ask “before” you select your financial advisor or planner…

 

FAQ’s—TheWealthIncreaser.com

 

Bond FAQ’s–TheWealthIncreaser.com

 

FAQ’s—Realty 1 Strategic Advisors

 

Homebuyer FAQ’s 

Homeseller FAQ’s

 

FAQ’s—The Best Atlanta Real Estate Advice

 

More Homebuyer FAQ’s

More Homeseller FAQ’s

 

Conclusion:

 

You can learn and benefit off of the questions that others have asked so that you can avoid common mistakes that many make without even recognizing that they are making them.  By doing so you put yourself and your family on a more prosperous and productive path and the success that you desire will be more likely to occur.

 

If you make the decision “at this time” to go down this page and visit link by link–you can achieve more than you think and you can live out your life in a manner where you won’t have to blink.

 

You will have a clearer vision of your future on a daily basis–and worry, anxiety, fear, frustration, lack of effort and excuses will have no place in your life–because you made a serious commitment to give it your best–when others would not even show up for the test.

 

By visiting this page today, major success for you and your family is on the way!

 

You have the choice to stay, go away, delay or come back on another day!

 

All the best to your unquestionable success…

 

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Speed–Action–Preparation & Wealth Building

Learn how you can use speed (time), action (the right movement) and preparation (precision) to achieve more as you build wealth…

 

It is important that you plan for success and you avoid decisions in your financial life that can create financial strife.

 

You can use speed, action and preparation to create a more positive and uplifting future as you pursue wealth creation.

 

In this discussion TheWealthIncreaser.com will show you the importance of achieving at an optimal level when adversity and other challenges of life occur.

 

And with the untimely passing at the age of 88 of my last uncle on my mother’s side of my family that leaves me with no aunts or uncles (all of the rest transitioned many years ago in their 50’s and 60’s and the recent transition of my father only weeks ago) I had to create a page to honor all that he and others have done in my life since the time that I can remember or first formulated a thought.

 

It has been an honor to know and receive the wisdom and inspiration from Willie James Underwood throughout my lifetime and this page is a testament to his memory that will live on into infinity.

 

Again, thanks for being a part of my life since my recalling of memory was formed as  a young child.

 

You have definitely been a positive force in my life and you will be truly be missed.

 

You have been a blessing for our family and many others, as your charitable spirit has helped many achieve at a higher level.  Your thoughtfulness and loving spirit will live on forever.

 

It is also important that TheWealthIncreaser.com on this day recognize that today is a great day for helping consumers worldwide respond positively to adversity and achieve at a higher level throughout their lifetime as it relates to the management of their finances—in spite of the adversity that  you, the creator of TheWealthIncreser.com or anyone else—now face or will face in the future!

.

Speed

 

You can choose to learn and apply new and more empowering ways of reaching your goals—right now and start on a path toward success that can lead to unlimited success for you and your family.

 

You must realize that you can formulate goals and put them into action–and it is “your” mindset and commitment to success that will in large part determine the speed (time frame) that you will achieve your goals.

 

Action

 

If you choose to learn and apply what you need to learn and apply and choose not to take action–that will be meaningless as far as your progress is concerned.  If you don’t put into action what you are learning on a consistent basis–success will be less likely to occur.

 

It is imperative that you cultivate an “action mindset” as it relates to your financial future!

 

Preparation

 

You must realize that your decision at this time to attack and learn what you must do to make your dreams come true is the real key to allowing you to live your life where you can do what you need or want to do to live at a level that may be new to you–but could more importantly lead you toward making your dreams come true!

 

You must prepare your mind for success as by knowing in advance what you need to do–you increase the likelihood of making your dreams come true.

 

Are you at this time willing to do all that you need to do to make your dreams come true?   The path to making your dreams come true starts with putting your belief that you cannot attain success–to rest.

 

Conclusion

 

In life we will all face difficult stretches that will test the limits of our mind, heart and soul—however it is your determination to move forward and your mindset of resilience that will propel you forward as it relates to building wealth more efficiently.

 

Is that all you got—must be your approach to responding to adversity and unfavorable outcomes that occur during your lifetime–and moving forward must be your mindset regardless of how painful the process might be.

 

Take a deep breath, thank God for where you now are—and move forward in spite of the pain that resides inside of you at this time—or any time in your future.

 

Use what happens that is adverse to you and/or your family as fuel to make your dreams come true.

 

All the best to your S A P  Success and giving it your best…

 

Speed–Action–Preparation–do you desire to have it when it comes to building wealth?

 

You were born to win—your skin is not thin and you are now on a serious path toward a win!

 

You are now in a new beginning and your focus and vision is totally on winning?

 

You must put into action what will lead you and your family toward success and you must put to the test your willingness to make a serious commitment–to give it your best.

 

You can choose to be a SAP sucker  (lack speed, action and preparation) or a comer upper (use speed action and preparation to achieve more) and not be a success ducker–as you navigate life.

 

The choice is yours…

 

All the best to your Speed—Action–Preparation and decision making as  you navigate difficult times in your life and avoid financial strife as you build wealth throughout your life…

 

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Avoiding Pitfalls & Wealth Building

Learn how you can avoid common financial pitfalls that have derailed many as they pursued their  wealth building efforts…

 

As you navigate life and your finances you want to ensure that you do all that you can to avoid financial pitfalls that seem to happen far more than they should.

 

In this discussion TheWealthIncreaser.com will show you the importance of “making decisions on the front end” that can prevent you from getting into a difficult or less promising financial position.

 

In the area of insurance you want to ensure (no pun intended) that you insure yourself and your property in all of the necessary areas.  That means–home, auto, life, umbrella and other areas of insurance–have all been addressed in a meaningful way.

 

In the area of investments you want to ensure that you have the right type of investment for the risk level that you are comfortable with.

 

In the area of taxes you want to make sure that you file your income taxes annually and in a timely manner.

 

You never want to get in position where you have to file multiple years of taxes!

 

It is best that you know where you now stand on your taxes, therefore you want to engage with a professional who can direct you so that you have the correct tax withholding that allows you to file and pay your taxes with confidence because you have a realistic idea of what you will possibly owe or what your refund will be—generally speaking.

 

You want to file by the deadline or file for an extension as that is a better approach than letting your tax situation go unrealized because you feel that you will owe and you may not currently have a means of payment.

 

You don’t want to put yourself in position where you will have to “settle” or get an “offer in compromise” or some other debt settlement agreement (or borrow) to pay your taxes.

 

You want a tax professional who will stay on top of your accounting and finances so that you have a comprehensive overview of the direction that you are going—along with the direction that you desire or need to go to live your life in a more comfortable manner!

 

In the area of education planning you must ensure that you properly estimate the amount of funds that will be needed for your or your loved ones educational needs.

 

The sooner that you get to the numbers that you need to reach–the more effective you can be as far as funding educational costs (and keep in mind that inflation is a major factor) and pursuing other goals that you may have.

 

In the area of estate planning/wills you want to make sure that you plan for the transfer of your assets and a will at a minimum is mandatory—and depending on your current financial position a trust or other more “advanced directives” may be needed

 

Why get your local, state and/or possibly national government involved in your financial affairs when you can possibly avoid that scenario?

 

In the area of retirement planning you want to make sure that you pay off or pay down your mortgage.

 

You want to ensure on the front end that you are in the best position possible—from a financial strength standpoint to pay your mortgage and have a plan to pay when emergencies or other life happenings occur that can set you back if you have not properly prepared for what could potentially happen in your future.

 

By paying off or paying down your mortgage and other debt prior to retirement you can get your monthly cash flow to a level that allows you to live at the “comfort level” that you desire.

 

It is important that you know your “retirement number” at this time and you strive to reach that number during your working years so that you can live out your life from a position of comfort.

 

Conclusion

 

By choosing to look at your finances at this time in a comprehensive way you can avoid pitfalls that have hampered many and made their journey toward financial freedom far more challenging than it should have been.

 

Your decision at this time to make a serious effort to get out in front of your finances can possibly put you in position to avoid or lessen the impact of bad or inappropriate financial decisions during your lifetime.

 

You can find new and possibly more effective ways of freeing up income and learn how to manage your finances in a way that will allow you to enjoy life in a more abundant way—starting today.

 

All the best to your wealth building success…

 

 

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Unfavorable Outcomes & Wealth Building

Learn how you can use financial planning to lighten the burden on unfavorable outcomes that will occur during your life…

 

The week of July 20th, 2019 to July 27th has been quite interesting!

 

With the stabilizer link (sway bar) on the vehicle of the creator of TheWealthIncreaser.com going out at the “beginning of the week” and the car battery (less than 2 years old) going out at the “end of the week”– to the transition of my father in the middle of the week–to my only niece on my side of the family having emergency surgery that was scheduled for 1 hour (lasted several)–and my only living uncle on my mother’s side of my family going on life support–adversity seemed to come from all angles.

 

Oh, and did I mention I was unable to get a haircut at the end of the week because my barber’s wife had to have surgery!

 

My purpose for stating the above is that we never know what life will throw at us, however we can “plan” to lighten the burdens that we will face throughout our lifetime.

 

On a positive note during that same week the creator of TheWealthIncreaser.com was able to get a traffic violation ticket (1st in over 25 years) dismissed in court.

 

In this discussion TheWealthIncreser.com will show you the importance of why you must get out in front of your finances to ensure a more prosperous and productive future in all areas of your life.

 

 

  • Use Financial Statements to Add Clarity to Your Future
  • Master Your Credit & Use Credit Wisely
  • Gain a Comprehensive Understanding of Your Finances

 

 

It is important that you see your future clearly and personal financial statements can assist you in a major way by allowing you to know where you now stand so that you can put together plans that will take you where you need or want to be.

You want to put yourself in position where you use your mind to look out in the horizon and see the steps that you need to take and see a clear path that will lead you to a destination that serves your and your family’s best interest.

 

It is important that you understand your credit and you know ways that you can boost your score (if you have a need to utilize credit in your future) and use credit wisely.

You must know how you can pay down your debt, know the importance of paying on time, keeping your utilization rate at an acceptable level, know the importance of applying for credit sparingly if your goal is to build your credit, and know the importance of keeping older accounts open and let time do what it does–build your score if you do all of the preceding consistently.

You may also want to know when it is wise to ask for a credit limit increase, know how to remove negative information from your credit reports and possibly piggyback on someone else’s good credit if you are trying to build your credit quickly.

 

It is important that you have a comprehensive perspective of your finances so that you can address and fine tune what needs to be addressed and fine-tuned on a consistent basis.

You must know what you need to address financially if you desire to achieve at a higher level, therefore you must know in a comprehensive way what you must address so that you will give it your best as you march forward on your path to success!

 

Conclusion

 

In life obstacles will be placed in front of us—often at the same time and from different angles and it is important that you do all that you can on the front end to lessen the impact that the challenges of life that we will all face here on planet earth will have on our future success and well being.

 

You must know the importance of properly establishing an emergency fund, know where you are in your “life stage” and use the above financial management techniques to your best advantage on a consistent basis.

 

You want to ensure that insurance is in place for you and others that you may have an insurable interest in.

 

You want to invest both “inside of your retirement accounts” and “outside of your retirement accounts” with your investments so that you can maximize your tax position and plan for retirement in a more efficient manner.

 

You want to make sure that you have a will in place or you have done estate planning in the right way.

 

You want to plan for your or your loved ones education planning in an appropriate or more realistic manner.

 

All the best to using your strength to rebound from unfavorable outcomes and achieving optimally throughout your lifetime…

 

All the best to overcoming adversity and unlimited success…

 

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Choosing to Win & Wealth Building

 

Learn why you must not let life’s difficult challenges refocus your wealth building efforts–or any of your efforts…

 

On this day—July 25th 2019 the transition of the father (Wesley Penn) of the creator of TheWealthIncreaser.com occurred.

 

Even though gone in the flesh the one who brought the creator of TheWealthIncreaser.com into the world  will live forever in the minds and hearts of many.

 

In the life that we will live on planet earth it is important that you realize that adversity or unwanted occurrences will happen during your lifetime.

 

You must be as prepared as possible for what may lie in your future even though it may be unexpected.

 

In addition, you must have the mindset that you will be resilient and move forward at the various stages of your life.

 

You also want to have a mindset that says I will achieve and plan for the future in a manner that leads to success for not only myself, but my future generations as well.

 

In this discussion TheWealthIncreaser.com will show you the importance of responding positively to adversity, properly establishing an emergency fund and addressing your need to create a will or do estate planning at the various stages during your life.

 

Adversity

 

It is important that you always respond positively to difficult challenges that occur throughout your lifetime.

 

You must know and expect that difficult stretches will occur during your lifetime and you want to plan in advance to lessen the effect that “bad happenings” will have on your present state of mind and your future movement.

 

Emergency Fund

 

You want to plan for emergencies both financial and non-financial so that you can achieve at a higher level throughout your life.

 

A properly established emergency fund will help you smooth our financial woes that will occur when you least expect it or provide you the needed funds so that you won’t have to borrow or take out debt to meet your obligations—whether they be financial or non-financial.

 

Estate Planning/Wills

 

You must plan for your future and the earlier that you get started the better.  If you start early and use the right tools to reach your desired goals—you can put yourself in position to leave a windfall for your future generations.

 

You must avoid probate—therefore at a minimum you want to create a will and if your financial condition is strong—possibly estate planning such as trusts and other more advanced wealth transferring options.

 

Life Stages

 

You must realize that a conceptual understanding of the stages that you will go through during your lifetime as it relates to your finances is mandatory in the current economy.

 

You want to know what is required of you and what you must do during the various stages in your life.

 

In your 20’s, 30’s, 40,s etcetera you want to know the right or best moves to make.

 

Conclusion

 

Even though we may not know what life will throw at us it is important to plan for the future and use what is now available to you to enhance your future and make your dreams come true.

 

Although life on planet earth is filled with many twists and turns it is you who must keep it all together and realize (know) that better days lie ahead in spite of how difficult things seem—and often is—during the time period that you are experiencing them.

 

Stay positive and do all that you can to move forward in spite of difficult times now—or those that you will undoubtedly face in your future.

 

All the best to your winning success…

 

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Money Creating Activities & Wealth Building

Learn how you can discover new and possibly more rewarding ways of creating wealth in the current economy…

 

Over the years the creator of TheWealthIncreaser.com has stressed the importance of increasing your income, cutting your expenses—or doing a combination of the two in an effort to get you on a more efficient path toward making your dreams come true.

 

In this discussion TheWealthIncreaser.com will show you how you can possibly earn more income or cut your expenses if you are one who desire to reach your goals in a more time efficient manner.

 

By doing so you can begin and/or continue to enjoy life on your terms—not on the terms of creditors and others who may not have your best interest in mind.

 

  • Ways that you can possibly increase your income…

You can look at additional income from businesses that now flourish in the new economy such as uber, lift, amazon, grubhub and many others that are now on the scene that allow you to earn income based on an “application” and/or your willingness to participate.

 

You can go to sidehusl.com to learn about the history and strength of companies that you may be considering to help increase your income—as they have done the research on a number of “new economy” companies that are now gaining in popularity.

 

In addition, don’t be afraid to “think outside the box” and pursue other ways of earning income that only your mind can come up with.

 

In the same manner as the creator of TheWealthIncreaser.com went out and obtained additional skills when the market for home buying and home selling was changing (A+, Network+ and Security+ Certifications) so too must you be motivated to gain additional skills that will allow you to prosper in your future.

 

Fortunately the housing market rebounded and the creator of TheWealthIncreaser.com did not have to use the credentials to directly earn income–however, valuable knowledge was obtained that has been applied on a consistent basis that has allowed the creator of TheWealthIncreaser.com to achieve at a higher level of excellence in all areas—including the housing market.

 

  • Ways that you can possibly cut your expenses…

You can cut your expenses by analyzing your inflow and outflow of cash on a monthly and annual basis.

 

You also want to know where you stand at this time from a balance sheet, income statement and net worth point of view.

 

Can you pay less for cable, internet, phone, utilities, insurance, education, food, clothing etc. and come up with more income?

 

Can you add a roommate or other family member to help reduce or eliminate certain expenses?

 

You must analyze—ask and come up with answers to these—and other pressing questions so that you can move forward—not backward!

 

  • Ways that you can do a combination of the two…

You can possibly increase your income and cut your expenses by getting others (roommate, sibling, family and friends and others) to help in the increasing of your household income and/or the reduction of your expenses on a monthly and annual basis.

 

You are the one who is uniquely familiar with your current financial position and money management personality and it is you who must find new ways to increase your income or cut your expenses so that you can reach or exceed your goals.

 

Conclusion

 

You must ask and answer “why” you want to increase your income and/or decrease your expenses!

 

It is the motivational level that resides inside of you that is the real key to creating the future that you desire.

 

You have what it takes inside to pay off or pay down your debt if you are highly motivated and you want to pay off or pay down your debt for the right reasons.

 

You must gain the “mental working knowledge” that is needed at this time that will allow you to achieve at your highest level.

 

You must realize that talk is talk, but what are you doing as far as action that will help manifest what you desire to occur so that you can be of benefit to others.

 

Whose life are you improving—who is there for you?

 

What are you doing at this time to make your dreams come true?

 

If you have struggled financially in your past or you are presently approaching your future with disdain–you can now look at what lies ahead from a success vantage point–and avoid the rain!

 

Now is the time that you find your path to success and put together “money creating activities” at a level that is your absolute best!

 

All the best toward your money creating activities and future success…

 

 

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Money Management & Wealth Building

 

Learn if you have the money management skills that you need to achieve financially and build wealth more efficiently in the current economy…

 

In the current economy many are trying to find a better way to manage their finances and achieve their goals more efficiently.

 

Over the past few years TheWealthIncreaser.com has received numerous emails on the subject matter and TheWealthIncreaser.com thought that the time was right to create a page specifically dedicated to that topic.

 

When it comes to money management it is important that you know your money management style as we all have approaches to money management that we pick up during our lifetime.

 

In this discussion TheWealthIncreaser.com will show you effective ways that you can build wealth and manage your finances that will provide you an unwavering path toward the success that you desire.

 

  • Know where you are and where you are headed…

It is important that you determine your current financial position and a personal budget or cash flow statement will get you moving fast on that front.  You must get a real GRIP on your current financial condition and where you want to go at this time.

 

By doing so you will improve your AIM and the direction that you want to go during your lifetime to a higher level and success along with increased wealth  is more likely to occur.

 

  • Know how you will get there…

You must have the income that is needed to take you toward your destination (goals) and if you currently lack the income to move toward the goals that you desire or need to achieve you must:

 

*get more income

*cut expenses

*do a combination of the two

 

It really is just that simple—therefore you must put a plan in place at this time that will allow you to have the “discretionary income” to achieve your goals—regardless of what they may be!

 

  • Know what to do to maintain and build on your success…

Once you start accomplishing your goals you must re-analyze and fine tune your goals on a consistent basis.

 

You want to ensure that you have addressed and continuously improve upon your insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning so that you can go through the various stages of your life where you have a high level of confidence about what you can do in your future.

 

Conclusion

 

Your money management personality plays a major role in the success that you will have in your future.  By evaluating your money management style at this time you can build wealth more efficiently and increase your net worth on an annual basis.

 

At this time—YOU possess the ability to direct your future and make good choices when it comes to managing your money throughout your lifetime and it is the desire of TheWealthIncreaser.com that you will make good choices and reach all of your goals.

 

All the best toward your money management success…

 

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Forward Thinking & Wealth Building

Learn why it is important to think about “where you want to go” as you build wealth…

 

In the current economy it is important that you take a serious look and analyze what lies ahead or what potentially lies ahead as you build wealth.

 

Although no one knows what their future holds—it is still important that you give serious thought to how you can direct your future, build wealth and enjoy your life on your terms.

 

In this discussion TheWealthIncreaser.com will look at ways that you can think about your future and then move to action to make what you think about happen in real time.

 

It is important that you leave your past in the past unless you use your past as motivation to move forward, know where you presently are so that you can put a plan in place that will move you forward and think about and put into action–steps that will move you forward in new and more empowering ways.

 

*Dealing with your past…

 

It is important that you realize that you have a past—however you must not let your past limit you or slow you down in any way.  You must make it a point to learn from negative actions in your past and build upon positive actions in your past.

 

In short, it is you–who control the path to making your dreams come true!

 

*Dealing with your present…

 

You must let your past be in the past and know where you now are so that you can build a better future.

 

You must know your current cash flow position, your current credit position and your current level of financial knowledge so that you can put effective plans in place to enhance your future.

 

At this time you control the direction that your life can go–and it is up to you to get results that will show!

 

You possess the ability to make the commitment to obtain a financially alert mind and “not just” financial literacy and really achieve at a higher level of excellence.

 

*Dealing with your future…

 

By thinking about your future and putting in place measurable action steps you can reach your goals more efficiently and achieve at a higher level.

 

You must know your current cash flow position, have a handle on your credit and know how to manage your credit effectively throughout your lifetime so that you can position yourself to know how to manage all areas of your finances throughout your lifetime in a highly effective manner!

 

You can plan those yearly vacations that you desire, you can live at a higher level and entertain and save at a higher level, you can donate to your favorite charities in more effective ways–however all of that and more, requires that you plan your future in a more efficient and effective way–starting today.

 

Conclusion

 

It is your responsibility to analyze your past, present and future and come up with better ways to achieve your goals both financial and non-financial.

 

By taking the right steps at the right time you can positively build off your past and current positions and achieve far more if you take the right actions on a consistent basis.

 

Today is “the day” that your “forward thinking” puts you on a path to “achieving your goals” in a better way!

 

All the best toward your future success and putting excuses to rest…

 

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Taxing Subjects & Wealth Building

Learn more about taxes and how you can use that knowledge to build wealth…

Understanding your income taxes at a basic level is important in the current economy and with recent changes to the tax laws it is more important than ever that you understand your taxes at the state and federal level and know some of the ways that you can minimize your taxes and build wealth more efficiently.

 

In this discussion TheWealthIncreaser.com will briefly discuss a number of individual tax topics as it relates to the IRS that could possibly be of benefit to you or a loved one.

 

It is important that you understand that you have a “bill of rights” that came into effect in 2014 (give thanks to National Taxpayer Advocate Nina Olson) that outlines what you can and can’t do as it relates to filing your federal income taxes and your relationship with the IRS if you are a U.S. citizen or subject to taxation by the IRS.

 

Your Rights:

 

*Be Informed *Quality Service *Pay no more than the correct amount of tax * Challenge the IRS’s position and be heard *Appeal an IRS decision in an independent forum *Finality *Privacy *Confidentiality *Retain representation *A fair and just tax system

 

Go to taxpayeradvocate.irs.gov/taxpayer-rights to learn in more detail about your rights…

 

What is the difference between injured spouse and innocent spouse?

 

Injured Spouse

A: An injured spouse is simply someone whose tax refund is used to cover the past-due debts of a spouse or exspouse. When married taxpayers file a joint return, each spouse has an interest in the jointly reported income and in the debt.

 

Generally: If you file Form 8379 with a joint return electronically, the time needed to process it is about 11 weeks. If you file Form 8379 with a joint return on paper, the time needed is about 14 weeks. If you file Form 8379 by itself after a joint return has already been processed, the time needed is about 8 weeks.

 

It will primarily benefit you if you file form 8379 and you are the spouse who is injured (the injured spouse) on a jointly filed tax return when the joint over-payment was (or is expected to be) applied (offset) to a pastdue obligation of the other spouse.  By filing Form 8379, as the injured spouse you may be able to get back your share of the joint refund that was initially taken by the IRS to settle a debt that was owed by your spouse.

 

To qualify for an injured spouse claim, you must meet the following conditions:

 

You are not required to pay the past-due amount.

 

This means that the debt is one which your spouse incurred before you got married or that the debt is one for which only your spouse is liable.

 

Form 8379 lets you (the “injured spouse“) get back your portion of a jointly-filed refund if it’s seized or offset to pay your spouse’s debt. You must file jointly to use this form. Filing an 8379 will delay your federal refund by up to 14 weeks.

 

But it could — if you file the injured spouse form allow you to get back a portion of the refund.

 

As an injured spouse, you are in essence asking the IRS to pay attention to whether you or your spouse has the refund and who has the debt. 

 

It’s not just federal tax debt that gets collected. A potential refund could be used to offset past-due child support, defaulted student loan payments, state or local taxes, or any other money owed to a state or federal agency. The IRS will inform you and your spouse if an offset takes place. A formal Notice of Offset will be mailed to the taxpayer’s address, which gives the taxpayer time to respond by filing Form 8379 as an injured spouse [source: IRS].

 

For example, if you were newly married, and were filing taxes jointly for the first time and you always filed individually in the past and you were used to getting a nice refund and your spouse doesn’t usually receive a refund because the IRS garnishes any tax over-payments to cover past-due student loans–you could potentially file as an injured spouse using form 8379.

 

Once you file as a couple, your refund will be used to cover your spouse’s back student loan payments. By filing for injured spouse relief, you are asking the IRS to keep your refund away from your spouse’s debt.

 

The IRS takes many things into account when calculating how much the injured spouse might be due. There are two formulas used, including subtracting your share of joint liability from your share of the credits and income. There is also a separate tax formula, which looks something like this [source: IRS]

 

IRS Formula:

 

(Injured spouse’s separate tax liability / Total of spouses’ separate tax liabilities)
x Joint tax liability shown on return= Injured spouse’s share of liability

Instructions for filing…

Innocent Spouse

By requesting innocent spouse relief, you can be relieved of responsibility for paying tax, interest, and penalties if your spouse (or former spouse) “improperly reported items or omitted items” on your tax return.

 

The IRS will figure the tax you are responsible for “after” you file Form 8857!

 

In contrast, as mentioned above an injured spouse is someone “whose tax refund is used to cover financial obligations” of a current or former spouse.

 

Please note that the financial obligations can be outside of your federal income taxes as mentioned above!

 

You are an injured spouse if “your share of the over-payment” shown on your joint return was, or is expected to be, applied (offset) against your spouse’s legally enforceable past-due debts.

 

IRS Definition:

 

Innocent spouse relief provides you relief from additional tax you owe if your spouse or former spouse failed to report income, reported income improperly or claimed improper deductions or credits.

 

If you qualify for Innocent Spouse Relief, you “will not” be held responsible for your spouse or ex-spouse’s unpaid taxes.

 

You may qualify as an Innocent Spouse if all of the following are true:

 

*You filed a joint tax return.

*Due to the circumstances, it would be unfair to hold you liable for the unpaid taxes.

 

Am I responsible for my spouse’s debt?

 

If you were married when your spouse incurred the back taxes, then yes.

When you file jointly, then you assume “joint and several” liability.

 

Instructions for filing…

You must file Form 8857, Request for Innocent Spouse Relief, to request any of the methods of relief. Publication 971, Innocent Spouse Relief, explains each type of relief, who may qualify, and how to request relief.

 

What is the benefit of purchasing a home as it relates to the filing of my income taxes?

 

If you purchase a home you will enjoy the benefits of your own dwelling (privacy, equity build up, peace of mind and the like) along with a number of potential tax advantages at the federal and possibly state level as well.

 

Those advantages will be unique to you based on your income, family size, state of residence, loan amount, real estate taxes paid, interest paid, whether you have mortgage insurance and the timing of your purchase among other factors.

 

It is important that you put yourself in position for success by knowing on the front end whether you are properly prepared to purchase and you know how you will benefit in a proactive way–not after your purchase.

 

What effect does interest and investment income have on my taxes?

 

It depends on the amount and whether the interest and/or investment income was earned inside or outside of your retirement account.

 

If earned outside of your retirement account(s) you may have to pay annual taxes at your ordinary income or capital gains tax rate depending on the type of account and the amount of your income.

 

Your family size and whether you itemize deductions and other factors will have some effect on the overall taxes that you will pay or the amount of refund you will receive.

 

If earned inside of your retirement account(s) you may defer or possibly avoid taxation until your retirement years or possibly later depending on the “type” of investment and your (including your spouse if filing jointly) overall income at the time of retirement and the years thereafter.

 

Conclusion

 

Taxing Subjects can be a broad area and this discussion only touched the surface as far as taxes are concerned.

 

Even so, your high level of comprehension and proper application of the subject matter that you learned in this discussion that you can use in your life at this time (or later on down the road) can put you far ahead of those who go about their daily life with no real concern or understanding of their tax position and where they want to go in life.

 

Also be aware of and look for ways that you can improve your tax position in other areas outside of your income taxes.  Can you improve on the payment of your real estate taxes, ad valorem taxes, sales taxes, utility fees, telecommunication fees and other taxes or fees that are not defined as taxes but have the same effect?

 

All the best toward paying less and continued success…

 

 

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