Hot Tax Topics & Wealth Building

As we enter the latter part of January many consumers in the U.S. and other parts of the world are gearing up for the filing of their 2018 income tax returns…

Learn about the latest tax news so that you can avoid the financial blues…


In this discussion will look at and discuss a number of critical areas of taxes that could help you maximize your tax position in 2019 and beyond.


In order to achieve more and maximize your personal income tax return it is important that you have knowledge of—and a practical understanding of how you can do the following more effectively:


Use the New Tax Rates to Your Advantage


If you are an individual and do not have majority ownership in a C corporation or S Corporation–your maximum tax rate is 35% versus the maximum for a corporation of 21% due to the job and tax act of 2017.


That means if you have high income that puts you in the upper income tax brackets you could possibly reduce the taxation of your income by establishing a corporation or keeping your income in the corporation as opposed to receiving a salary if you now have a corporation.


There are a number of ways that you can strategize to lower your taxes by using the new tax rates to your advantage and it is up to you and your professional team to find ways to do just that.


If You are a Business Owner or Desire to be One You Must Understand the Forms of Ownership


Sole Proprietorship

Limited Liability Company (LLC)

Limited Liability Partnership (LLP)

S Corporation

C Corporation


You must know and understand fully that certain types of ownership allows you to shield your personal assets against the liabilities of your business.


If you are operating as a sole proprietor where you are using your social security number as your Federal ID you are putting yourself and your family in position to be personally liable for actions that may arise out of liabilities of your business.


Whether a pass through entity or a corporation will be of greatest benefit to you will depend on your unique tax and financial position, the type of business you operate, the state that you are in, your liability (risk) exposure and the path that you desire to take to reach your goals once you lay out all of your intentions–whether you decide yourself or you decide to use financial professionals.




IRA’s and other tax favored retirement plans retain those tax advantages in spite of the tax cut and jobs act of 2017.  That means the “saver’s credit” and deductibility for a traditional IRA are still available.


In addition ROTH conversions can be done regardless of your income level and ROTH IRA’s still enjoy the tax free benefit upon withdrawal if done so according to IRS guidelines.  Contributions remain tax free upon withdrawal.


With both IRA’s the first time homebuyer withdrawal provision remains as well as several other “exceptions” that can help you avoid the tax bite.




A Health Savings Account may allow you to save more and meet your health care expenses in a tax efficient manner by allowing you to deduct the amount you contribute,  allow your contributions to grow tax free and allow you to withdraw your earnings tax free when used for medical related expenses.


Be sure to give the “triple tax benefit” of HSA’s real consideration.  In addition, be aware of the expenses that you will pay as that can eat away at your earnings.  Be sure to shop for the best plan available based on your financial position and health saving goals.


Know at the earliest time possible if you are going to utilize the standard deduction or itemize your deductions


Standard Deduction


The standard deduction has been increased for the 2018 tax year and many of those who once itemized will find that it is no longer to their advantage to do so.


Single is now at $12,000

Head of Household is now at $18,000

Married Filing Jointly is now at $24,000


Personal exemption eliminated for most—some dependents on your tax return may allow you to claim a $500 personal exemption.


Be sure to consider the effect on your state tax refund in determining whether to itemize or claim the standard deduction–as you may be surprised to find that a reduced itemized deduction at the federal level could still be to your benefit if you would get a higher overall refund or pay less in taxes when the federal and state amounts have been combined!


Itemized Deductions



Long-Term Care (LTC) insurance that you pay, Medical Insurance that you pay, Health Care Insurance Premiums that you pay, Eye Care that you received during the year, Out of Pocket medical expenses that you pay for the year, Dental Expenses that you pay for the year, Prescription drugs that you purchase for the year, Mileage to and from your medical care destination and many other medical related expenses may all be deductible in 2018 if they exceed 7.5% of your AGI (Adjusted Gross Income–line 7 on page 2 of form 1040) and you itemize your deductions. 


The AGI limit increases to 10% in 2019 and beyond unless Congress acts.




State income taxes and sales taxes, ad valorem taxes, property taxes and possibly other taxes may be deductible by you if you itemize and otherwise qualify.


Keep in mind that there are limitations on taxes in some instances—so keep that in mind—particularly if you are in a high tax state such as California, New York, New Jersey, Connecticut and several others.


Mortgage Interest


Mortgage interest deduction is now limited to $750,000 down from 1 million.

Mortgage Insurance Premiums (MIP) and Private Mortgage Insurance (PMI) are not deductible for the 2018 tax year and beyond unless congress acts.


Charitable Contributions


New rules apply to deducting charitable contributions that are non-cash as you must provide additional documentation for donations valued over $250.


As for church donations and others that are in the form of cash the maximum percentage that you can deduct has changed,  however the required documentation is basically the same.


2% AGI Deductions Eliminated


Tax related fees, investment fees, unreimbursed employee expenses (including automobile expenses) and other 2% of AGI deductions have been eliminated for the 2018 through 2025 tax years.


Social Security Income Threshold Increases


In tax year 2018 the maximum social security wage base is $128,500—however for the 2019 tax year that wage base will increase to $132,900 which means if you earned over $128,500 in 2018 you may see a tax increase in the amount of social security tax that you will pay (6.2% of the amount that is between $128,500 and $132,900 will now be taxed) when you file your 2019 taxes.


The Medicare portion limit did not change as a result of the tax cut and jobs act of 2017.




It is important that you realize that many changes have occurred over the past few years as it relates to your taxes and the filing of your tax return. 


The form 1040 has a new look and now includes “Schedules” that allow you to include in income or deduct many of the items that were on page 1 of the 1040. 


You will now sign on page one as opposed to page two.  1040EZ and 1040A no longer exist and you must use form 1040 to file your 2018 through 2026 tax returns. 


In most instances you won’t claim exemptions, however the child tax credit has gone up to $2,000 per child with up to $1,400 of the credit refundable.  Student loan interest deduction and other educational credits remain.


Whether it is the “Affordable Health Care Act” (penalty will be eliminated after the 2018 tax filing year) the “Tax Cut and Jobs Act of 2017” or any other incidental changes in the tax code—it is important that you put yourself and your family in position to take advantage of the changes and not let the changes take advantage of you.


Be sure to choose highly competent professionals and be sure to gain the knowledge that you need so that you can succeed. 


Be sure to engage with professionals who have a track record of success, someone who encourages you to ask questions and are willing to spend the time that is necessary so that you can fully understand the questions you ask–and someone who adds value to your financial and overall life from this day forward!


You want to put yourself in an informed position where you know what is going on “tax wise” so that you can position yourself in a way where you can’t easily be taken advantage of.


By landing on this page alone—you are showing a real commitment toward success in you future and you are on a path to maximizing your tax knowledge in a way that will put you and your family in position to achieve more throughout your lifetime.


By landing on this page and navigating this site you will put yourself in position to not be taken advantage of like many were during the financial crisis from 2007 to 2009.


You will put yourself in position to know how the recent tax changes over the past few years will affect you and your family—thus giving you the opportunity to plan proactively and improve the likelihood that you will achieve your goals.


You no longer have to let your ignorance of the tax laws, immaturity in approaching your finances, insecurity in approaching your finances or the inability to approach your finances due to fear–lead to idleness and not moving forward in the financial realm of your life!


Today is the day that the Five “I’s” die—and you more than just try!


Today is the day that you pursue a new road to success that has fewer turns and less stress—and allows you to give it your best!


Today is the day that you become aware, mature, believe in yourself, operate daily with character and move to action in a manner where the success that you see has already been achieved.


All the best to your new tax knowledge and new road to success…


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New Beginnings & Wealth Building

Learn how you can approach your future from a new vantage point and achieve more…


As 2018 ends and 2019 begins—many are approaching various areas of their life with a new purpose or focus.


Whether you have a new vision of how you want to pursue your finances, health, fitness or any other goal–you must have a system that will bring into reality that vision.


In this discussion will look at and discuss a number of ways that you can achieve more and build wealth more efficiently in 2019 and beyond.


In order to pursue something new you in many cases must build from something old!


Your past failures and successes can be used to guide or direct your future!  By using your past as a guide you know what to avoid and what to continue doing.


As you build on your past financial successes it is important that you have a mental system that you can carry within your mind that allows you to see your credit and finances in clear terms—and act as a “more focused guide” that allows you to attain or achieve your goals more effectively and more efficiently.


You can use the following 3 approaches to get on a serious path to a “new beginning” in your life that allows you the freedom of thought to see your future in a manner where worry, anxiety, fear, frustration, lack of effort and excuses can be reduced or eliminated in your life.


1)   Utilize Personal Financial Statements Appropriately

It is important that you realize that many people who journey through life have more of a money management issue as opposed to not having enough income that allows them to reach their goals.


If only they had a money management system that made sense to them and that they created and believed in—they could achieve far more.


The use of personal finance statements in the right manner could allow those who fail to manage (or inappropriately manage) their finances just what is missing in their life to turn the tide in their favor and make the goals that they desire or need to attain a real possibility.


Be sure to use a personal cash flow statement (budget) at a minimum to help determine where you now are so that you can start on a new beginning and achieve more.


A monthly cash flow statement could be what is needed to get you to manage your finances more effectively and achieve more in the current economy.


For those of you who would like to achieve even more, be sure to consider creating (or have your financial planner do so on your behalf) a personal income statement to see how your finances look over a period of time—say one year or on an annual basis.


In addition be sure to create a personal balance sheet so that you can have a clear picture of what you own and what you owe—thus providing you a clear picture of your net worth.


By doing some or all of the above you will be on a serious journey or new beginning as it relates to your finances.


2)   Have a Thorough Understanding of Credit & How You Utilize It

Now that you have a clear picture of your monthly income, your monthly liabilities and you now know your net worth—you must put together a debt payoff or debt pay down plan–if you need to address those areas.


Whether you do or don’t have credit liabilities—you must have a practical understanding of credit that allows you to navigate through life in a manner where you are in control—and not creditors.


If you currently have credit card debt or other liabilities that are making your finances difficult to manage—be sure to get a thorough understanding of credit so that you can achieve more throughout your life.


3)   Know All Areas of the Financial Affairs in Your Life that You Must Address

Now that you know your current financial condition and you know how to effectively manage credit—you must now complete the picture by knowing all areas of your finances that you must address.





Emergency Fund

Education Planning

Estate Planning/Wills



You must have a system that allows you to know and address the above critical areas of your finances throughout your life.


However,  just knowing is not appropriate–you must devise a plan to review and make improvements in all areas on a consistent basis!



By addressing the above areas on a consistent basis you will develop the habit of consistency and achieve more throughout your lifetime.


However, wanting to achieve more must be balanced with your willingness and determination to put in the required effort at this time if you are to achieve more by utilizing the steps in this discussion.


There is no hard and fast rule as to the timeline that you should do the above.  However it is important that you develop an action mindset so that you won’t procrastinate from this day forward.


You must realize that there are many paths to financial success.  Most people fail or fall short of reaching their financial goals because they lack a plan—or lack a plan that they can readily comprehend that gives them practical steps that they can take that will get them to their destination.


It is the desire of that this brief discussion has provided you the opportunity to see your “new beginning” in clearer terms and act as a springboard for you to achieve success by providing you a “clearer blueprint” that you can use throughout your lifetime so that you can enjoy life on your terms.


All the best toward your “new beginning”  and long-term success…


Learn what money management personality  you most closely resemble…


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Education Funding Vehicles & Wealth Building

Learn how you can fund your and your loved ones education so that you can build wealth efficiently and achieve more during your lifetime…   As the year ends and families gather around the table, the topic of education funding for a planned child, a newborn, a child whether toddler or teen will be on … Continue reading

Tax Moves that You Can Make to Improve Your Bottom Line

Learn what you can do to lessen your tax bite and achieve more in your future…


As December rolls in and 2018 comes to an end it is important that you review your tax situation at this time and determine if there are some year end and year beginning moves that you can make to put yourself in a better position for short and long term success.


In this discussion will look at a number of moves that you can make to improve your tax position so that you can reach your short, intermediate and long-term goals so that you can enjoy life more and lessen your tax bite.


It is important that you are aware of new tax law changes that occurred in 2017 under the jobs and tax cut act and more particularly the ones that might affect you and your family.


You want to know your 2018 tax projections for your taxes that you will do in 2019 for the 2018 tax year.


However if you have not done so by now—you can at least prepare properly and put yourself in position to make other tax moves and possibly adjust your w-4 withholding in 2019 and not have any tax surprises on your 2019 and future year taxes.


Amend Your 2017 Return if You are Eligible Based on Tax Law Extensions Passed Earlier this Year


It is important that you are aware of tax law changes that occurred in February of 2018 that extended more than 30 tax breaks, including those for businesses and even a few for individuals and families.


The MIP (mortgage insurance premiums), deduction for tuition and fees of up to $4,000 and energy efficient home improvements went back on the books for 2017 returns and 2018 returns are still up in the air–as far as extensions are concerned.


To claim the deductions for 2017 if you are eligible you would have to file an amended return (form 1040X).


If after amending your return your AGI is reduced—that reduction could affect your state return and you could possibly amend that return as well and get additional income.


Project Your 2018 or Future Year(s) Tax Bill


You may be due a larger refund or you may owe more in taxes.  However, you won’t know if you don’t get out in front and project your 2018 tax bill as best you (or your accountant) can.


You can then determine if you need to adjust your w-4 in 2018 and better direct your refund or balance due—depending on your goals.


With new withholding tables now on the books you can now go to and utilize the w–4 calculator to better plan your taxes after you have projected your income.


You can then go to your employer and adjust your withholding if you see a benefit.


Determine Now the Likelihood that You will Itemize or Take the Standard Deduction


With the standard deduction being nearly doubled for some taxpayers, it is expected that the number of those who itemize will decline.


Will you be in that number that utilize the standard deduction or will you itemize–or do you even care?


If you itemize you have the ability to deduct more items—but will the cash total be higher than the amount of the adjusted standard deduction based on your filing status that were put into effect with the job and tax act of 2017?


Be aware of the tax ramifications and don’t forget to consider the implications of your state taxes depending on the choice that you will make (itemize or standard deduction) as a lower itemized total at the federal level could still be of benefit–if it will help you more at the state level (your overall tax refund would be more or your overall tax payment would be less).


Find Ways to Earn Additional Income


Whether you get a second job, invest in the market both inside and outside of your retirement accounts, form a company of your own (Sole Proprietorship, C-corp., S-corp., Partnership, LLC or any other legal form) that you create based on “your” desire, ambition and passion—it is important that you use your imagination to find new ways of generating income.


Be aware of the tax ramifications and again don’t forget to consider the implications of your state taxes depending on the choice that you will make (investment choice(s) and ownership structure) and also look at non-tax issues in detail and do a thorough analysis as that analysis may sway your decision in the opposite direction of where you planned to go.


Questions You Need to Ask Yourself if You Are Considering Opening a Business of Your Own Include the Following–Among Others…


Can I really make money and pay all of my monthly expenses—including my taxes?


Can I sell my product or service for more than it costs to bring to market?


Can I serve my intended audience and/or customers or will I be overwhelmed and unable to meet the needs of my customers or potential customers in a timely manner?


Will I create a business plan and put together a team that can handle my legal, tax, banking, regulatory, technological and accounting concerns?


Do I believe in the product or service that I will be promoting and selling?


These are some of the questions that you must ask and answer upfront as the tax code generally favors those who take risks.


Even so, you want to take a calculated risk where you know the probability of success is in your favor when endeavoring in a new venture.


Create an HSA Account


A Health Savings Account provides you the opportunity to save for your future health care costs in a tax efficient manner (you can deduct your annual contributions on your tax return to reduce your taxes and your earnings grow tax free–and withdrawals are tax free if used for medical related purposes).


The good news is that there are “no income limits” and you can “invest in a variety of financial products” such as mutual funds, stocks, bonds etcetera to help guard against rising health care costs that you may incur in your future.


There are also “deductible qualifiers” if your employer offers health insurance.  However, you can also open and set up an HSA account at many financial institutions yourself if your employer does not offer a plan or you are self employed or you don’t otherwise qualify for medical coverage.


It is also important that you know what to consider if you decide to set up an HSA account and a recent article spells out what you need to consider in clear terms.


If your employer offers an HSA and you elect to participate you would not be taxed on the contributed amount or pay FICA on the contributed amount.  Even though you received the tax benefit through your employer you would still have to file form 8889 on your  personal tax return.


If you qualify for a HSA, you can deduct the contributions on your tax return even if you don’t itemize by using form 8889.  Keep in mind you will face serious penalties (20% in the 2018 tax year) if you withdraw funds for non-medical related expenses.


Once you reach age 70 ½ there are no mandatory withdrawals–therefore you could potentially continue to let your account grow in a tax-free manner if you had no need for the funds! 


Be sure to seriously consider the option now–and not look back in regret years down the road when the costs have skyrocketed and your financial options to cover your health care expenses are limited or non-existent.  If you remain healthy late into your 80’s or 90’s you will have tremendous growth in the account that you can use outside of medical related expenses after you turn age 65 (taxes would be due on withdrawals but there would be no penalty).


If used for medical related expenses after age 65 there would be no taxes due at all!


HSA’s have annual contribution limits (currently $6,900 for 2018 and $7,000 for 2019 for families–with a $1,000 catch-up provision for those age 55 and over).  Withdrawals are “penalty free” for all purposes after you reach age 65!  However, if you use the funds for other non-medical purposes taxes would be due at your ordinary income tax rate in effect at the time of  your withdrawal.


If your employer offers an HSA your contributions can allow you to avoid payment of FICA taxes, thus providing you an additional 7.65% additional savings on top of the amount that you contribute annually–all while helping you reduce your taxable income.


If you earn $100,000 a year and contribute $7,000 you would pay taxes (federal, state and FICA) on $93,000–the $7,000 contribution would be excluded from federal, state and FICA (social security) taxes!  In addition, your income minus your contribution (up to the limit for your filing status) can be used for calculating whether you are eligible for a subsidy under the Affordable Care Act.


Open an IRA Account


Did you know that an IRA (Individual Retirement Account) provides you another tax-efficient way to manage your retirement income?


It is important that you realize that there are basically two types of IRA’s:


1)    Traditional


2)    ROTH


A Traditional IRA allows you the ability to contribute up to an annual maximum and then you can deduct those contributions on your future year tax return—even contributions up to the filing deadline if the amount does not exceed the annual maximum (currently $5,500 or $6,500 if age 50 or older).


The result of deducting your contribution would normally be owing less tax or getting a larger refund.  Once you retired you would pay taxes at your current tax rate on the withdrawals.


Mandatory withdrawals are also required once you reach age 70 1/2!


A ROTH IRA allows you to make non-deductible contributions that have already been taxed—therefore your withdrawals would be tax free at retirement.


Roth IRAs do not require withdrawals until after the death of the owner.


With the Traditional IRA and the ROTH IRA there are income limits and other qualifier’s, however both are worth real consideration if you currently have the discretionary income at this time—or you want to learn more so that you can plan your future in a more tax efficient way.



Your tax moves at this time or at other times during the year can prove to be beneficial for you and your family.


All tax situations are unique, however there are moves that you can make to put yourself and your family in a better position tax-wise.  In this discussion has only scratched the surface in the coverage of tax moves that you can possibly make.


Even so, those that apply to you or that you may be considering can get you moving forward in a real way!


By taking several hours out of your busy life and organizing your tax and other financial data–and reviewing and seeing clearly where you now are at you can better position yourself and your family for future success.


Now is the time to outwork and outthink what is working against you and now is the time to turn the tide so that you can make your dreams come true.


By taking the time to think about your taxes and do something about them in a sincere way–today–you are on a path toward real success–if you give it your best!


And always remember the tax code normally favor those who take risks!


The tax code may not be as favorable for some due to their current family size, marital status, whether they were negatively affected by the tax law changes (i.e. claimed unreimbursed employee expenses—including mileage on their automobile etc.), their income level, the number, types and amount of deductions and credits available, whether they have a mortgage or rent and other factors.


All the best toward your tax moves and future success…



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Education Planning & Wealth Building

Learn why starting your education funding at the earliest time possible serves your and your family’s best interest…


As the holiday season kicked in and the creator of spent time with his children, grandchildren, siblings, mother, in-laws and other loved ones it came into focus after a number of days of reflection the need to address estate planning/wills at this time.


However, after dropping my youngest daughter off at the airport to send back to college the urge to write about education planning and how you can better serve your children (or yourself) over the coming years as they prepare for college—and leave their nest superseded the urge to discuss estate planning at this time.


It is important that you don’t do like the creator of did (not saving enough for his 3 children on the front end and had to use current income to pay for tuition of his youngest daughter) by not saving enough due to unforeseen events and adversity that occurred.


In the current economy it is important that you know the areas of your financial life that needs addressing and you must put a plan in place to address those areas!


If you anticipate future educational expenses whether it be for yourself, your children or your grandchildren—you must have a thorough overview and understanding of how you can fund those expenses at the earliest time possible.


It is also critical that you know other options that you may have to pay for educational expenses for yourself and/or your loved ones.


To better direct your future you want to know your educational outlook and where you are headed in a manner that you can comprehend!


You want to understand what you need to do “at this time” and “this discussion” will get you started and up to speed on “funding” educational options for you and/or your children in a manner that can allow you to avoid the worry, stress, anxiety, fear and frustration that seems to curtail so many.


When you lack the direction that you need to go and you don’t know the options that you can proactively take to mitigate a financial shortfall when it comes to educational funding for yourself and/or your children—you put yourself and your family at a major financial disadvantage throughout your lifetime!


In this discussion will discuss ways that you can fund your or your child’s education in a manner where the advantage will be in your favor.



Tax Advantage Educational Savings Options



Pre-paid Tuition

529 Plans

Many Other Ways


Retirement Savings for Education








Many Other Ways


Current Income




Sideline Income


Work-study or child working as a means to fund education


Many Other Ways





Scholarships—educational, athletically, musically etcetera, must be pursued and your child must be active in making their continuing education dreams come true by actively pursuing scholarships and having a real interest in how they (and/or you) can save for and fund their education now—so that they (and you) won’t be blind-sided after the fact or when it is too late.


Apply early and often as scholarships and grants can go quickly…


In most cases planning years in advance and knowing the number that you need to reach to fund your or your child(s) educational requirements will be the most effective approach.


If you come up short you may have to use your current income and possibly your retirement income.


Ideally you want to avoid those options by having your child obtain a scholarship or using other means of payment–such as saving NOW so that you have a certain level of comfort on the inside of you!


However,  your options may be limited if you fail to plan now.  Don’t be like the creator of and come up short on your educational funding goals!


Start now–and make your or your children’s goal of continuing education, a reality by doing the necessary planning at this time.


All the best to your continued educational success…


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Early Retirement & Wealth Building

Learn how you can build wealth efficiently and retire early…


In 2003 the creator of came up with a strategy to help young adults and those graduating from college implement a new system for building wealth efficiently and possibly retire early if that was their goal.


After reading a most recent article in Kiplinger Magazine about Millennials who retire early (in their 30’s) found it quite inspiring to see young workers retire early and that inspiration brought to the surface the topic of early retirement in the current economy and how you can do so in a more efficient manner.


In the article they were called FIRE (Financially Independent Retire Early–a great acronym and financial success formula that did not create–however, did create FAM® that is assisting those who desire real financial success achieve more than just financial literacy) and they are a group that is growing as more individuals and families see real advantages of retiring early and living life on their terms.


Regardless of your age you can retire early or achieve your goals more efficiently during your lifetime by understanding “your life stages” and determining the path that you will take toward making what you desire most during your lifetime–occur!


You must also have an expectation of success and a real knowledge within that you truly want to pursue early retirement or reach your goals in a more efficient manner.


You can achieve success more effectively and efficiently by doing the following on a consistent basis:


1)   Have a real understanding of the X Factors…


Experience, expertise, exercise and excellence must be a part of your make-up if you are to achieve at your highest level.


Your past experiences helped shape where you are now at and you must use that experience to your advantage.  You must also determine what you are good at or what you desire to be good at and pursue toward that with zeal and expertise will follow.


You must ensure that you are around to enjoy your early retirement or any retirement by ensuring that you exercise regularly, eat healthier and you feed your mind with the right information that can move you forward in a manner that works with your mind.


Lastly, you must have a mindset of excelling in all that you do.  You then develop the habit of consistency that you need to have to achieve at your highest level throughout your lifetime.


2)   Have high standards throughout your lifetime…


You must set lofty goals whether they be financial or otherwise.  However, setting lofty goals is only the starting point!


You must have every intention on achieving the goals that you set and you must visualize yourself achieving what you see.


You want to do your absolute best toward reaching your goals and you must be fully committed and have a high level of determination to reach or exceed the standards that you set.


3)   Have a mindset that is geared for success…


You must not let worry, anxiety, fear and frustration direct your life as it will in many cases lead to you not putting in the effort that is necessary to achieve at an optimal level and reach your financial goals in an efficient manner.


Although uncertainty at some level resides inside all of us—you must have an outlook of your future that is clear to you and doable by you (within your mind) if you put in the effort and stick to your plan.


Your ability to focus on what is important along with having the success qualities that are needed for consistent success will help direct your mind on a daily basis in the direction where success lives–and you will increase your odds of achieving your goals exponentially.





Early retirement or having the option to retire early is a lofty goal and many are pursuing that path in the current economy.


If you are one who would like to position yourself for early retirement you can do so by gaining the required knowledge and skills that are needed to do so at the earliest time possible.


For those of you who would like to continue working, you can put yourself in position to have an “early retirement” as a real option by planning now and doing so with a realistic picture of what it will take to get you there.


You must pursue your retirement goals in a righteous manner and in a manner that is in alignment with your core values.


You must ask and answer the right questions at the right time in your life so that you can repair, improve, or avoid that which serves against your early retirement ambitions.


You can go to the following links to learn more about early retirement and retirement in general and really make the goal of early retirement happen for you and/or your family:


Young Investors & Personal Finance

 9 Tips for Retiring Early 

College Graduates & Wealth Building

Wealth Building Now

Mr. Money Mustache Blog

Retirement Basics

All About Retirement

Compounding & How You Can Benefit

Life Stages of Financial Planning

Understanding the Various Types of Income

Invest like Warren Buffett


FIRE (Financial Independence, Retire Early) is a lifestyle, also referred to as a movement, aimed at reducing expenditures and increasing investing in order to quickly gain financial independence and the possibility of retirement at an early age.


All the best to your early retirement and lifelong success…


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Mindset of Endurance & Wealth Building

Learn why looking at your future outcomes “in a realistic time frame” or an “enduring way” can more effectively direct your future…


In the current economy it is important that you have the mindset that is necessary to “stick it out” whether difficulty arises or things happen smoothly during your lifetime.  To better direct your future so that you can have the staying power or mental endurance that will lead to you taking the steps that will lead you toward your goals–you must have the right mindset!


It is imperative that you know where you want to go, know how you plan on getting there and you “must have”  the mental fortitude that will get you there–regardless of how difficult the journey may be.


Now is the time that you fine tune or improve upon where you are at so that you can have the mindset that is needed to take you where you desire or need to be.


In this discussion will discuss ways that you can approach reaching your wealth building goals in a more enduring manner.


A made up mind can overcome many obstacles that can hold others back.   It is the desire of that you make up your mind to pursue your goals with more endurance as by doing so—you increase the likelihood of success tremendously because you have prepared your mind for the journey.


You can  make real success happen now by doing the following:


Determine Your Path Toward the Success that You Desire…


Do you at this time have a feel for where you want to go  financially?  Now is the time to formulate real goals and now is the time to gain the vision of what it will take to achieve the goals that you desire.


Once you determine where you are at you must then choose a path that will take you forward–or to the “top of the mountain”–so to speak (you will reach or exceed your goals)!


Are you going to pursue a path to success that can get you real results or are you at a point in your life where you are still trying to discover the path that you will take?


Do you have a burning desire to reach higher and achieve more during your lifetime or are you content with where you now are?  If you don’t have that burning desire to achieve more at this time–you more than likely won’t have what it takes to develop a “mindset of endurance” at this time.


Fine Tune Your Activities on a Consistent Basis…


Have you mastered ways that you can achieve success in the current economy and have you looked at more effective ways of reaching your goals?


By re-analyzing where you are at and where you want to go you can achieve far more on a daily basis!  You must realize that adverse happenings that are out of your control will occur as you pursue your goals–however you must press onward–even though difficult days are in your midst.


By  fine tuning or re-analyzing what you have planned for your financial future you give your mind and heart more direction and you help make what you desire most happen–because you are “tuned in” to your future success.




With many attempting to do something new or different that can totally change the direction in their life can be a tough adjustment.


However, if you are one who desire to pursue your destiny, you must make the decision to change the direction in your life at some point.    It is the desire of that this page and site has at least got your mind to open up some and assess your current finances and the direction that you want to go in your life in a sincere manner.


On this site you will find a number of ways that you can build your endurance and change your mindset for the better.


However, it is  your decision to decide to act on information that you feel can move you and your family forward.


You can choose to have a mindset of endurance and comprehensively pursue your dreams or fret later in regret because you have not reached your goals because you did not have the endurance to “stick it out” when difficult challenges came your way.


Isn’t it time you use your abilities, skills and talent that you now have or will soon learn to “focus in” on what you want to achieve and do so with “endurance” so that you can achieve more and win in your life.


Always remember that distractions affect your focus, without focus—you won’t do things right or at an elevated level.


Always be aware of the power of focus!  The less clutter in your mind means more success because you can focus on winning financially and building wealth without all of the distractions that seem to hold so many back.


Isn’t it time you cut things down to what is important!

Isn’t it time that you learn a few steps that you can take that works with your focus—not against your focus!

Isn’t it time that you know what you want!

Isn’t it time that you gain the power that comes when you focus!

Isn’t it time that a strong vibration goes through you and the universe!

Isn’t it time that you gain a “mindset of endurance!”


Focus for you may mean saying no to the other good financial products that are out there and selecting the approaches that are on this site or it may mean deciding that the approaches on this site–are not for you–and focusing on another approach that better fits your focus objectives or where you want to go as you improve your finances and build wealth.


You must focus on your future and have the mindset that you will achieve what you focus on.  By doing so you will “endure”  all that comes your way and achieve the goals that you set–in a manner that will not sway!


Tips for Enduring Success:


Use written plans to make your goals happen…


Always realize that significant goals are not reached without proper planning…


Even though you may desire immediate success–reaching your goal(s) is a process and takes time…


You must believe in success if success is to come your way…


Patience may be required as you pursue your goals–make sure that you have the needed patience as you pursue your goals…


A wholistic approach or comprehensive approach is normally the best approach to take to achieve lasting financial success


You will reduce stress in your life when you put a plan in place to reach your goals and you know deep inside that you are committed to achieving the goals that you formulated…


Always realize that with financial planning there are solutions—it is never too late to plan your  future so that you can live and spend like you want to do—there are many solutions to get you to where you want or need to be…


All the best to your new “mindset of endurance” and your future wealth building success…


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Wealth Building 101 (Frequently Asked Questions)

 Learn about common wealth building questions that many have asked over a number of years…


Wealth building is a lofty goal and you should be commended for seeking new and possibly more rewarding ways of building wealth.


In this discussion will present to you a number of questions that have been asked by clients, visitors and others on a number of sites created by the publisher of this site that feel is important for your financial advancement.


Be sure to hone in and focus on the questions that are significant to you at this time as you may find a more effective way to meet your goals and advance forward more efficiently.


Common Questions


Q: What is umbrella insurance and why should I get that type of coverage?


A:  An umbrella insurance policy provides additional liability protection for you in addition to the coverage that you would have on your home and auto liability coverage.


It is an affordable option to provide additional protection against liability claims that may come your way during your lifetime that could force you to have to sell your assets, downsize, move to another community, lose your liquid assets and further cause undue headaches that could have been avoided–for in many cases “several hundred dollars” per year.


Q: How much life insurance should I get at this time?


A:  The amount of life insurance that is needed for you (and others) will vary depending on your age, family size, family structure and your future goals.


There are a number of ways to determine the coverage that you may need and they include:


  • 10x earnings ($50,000 in annual income multiplied by 10 means I need $500,000 in insurance coverage)


  • replacement cost (to pay off my car, house and the student loan that my spouse has been paying on for the last 15 years I need $350,000 in coverage)


  • need analysis (to pay off my mortgage and my 5 year old daughters future tuition and provide my wife and my daughter $100,000 cash for a 10 year period I need $1,430,000 in insurance coverage) and


  • Several other ways as well


Q: Am I able to take money out of my 401k for a down payment on a home?


A:  You are able to borrow against your 401k and possibly save in the short term, however there are risks.


You risk your retirement income being reduced, and there are potential tax consequences of borrowing against your 401k.  In addition many who borrow against their 401k never manage to pay the loan back.


However, legally you are allowed to borrow against your 401k, the question then becomes is it wise to do so—or should I do so at this time—or are there better options that I can take?


Q: After I retire and move to a new state can I lower my taxes?


A:  In many cases that is possible as many states have no or low tax rates and if you retired and moved to a new state you would in most cases be taxed at the rate in the state that you reside.


However, depending on the state that you moved from—taxes could still be owed and payable to that state.


Be sure to investigate further prior to your move on what will apply tax wise in your particular case.


Q: What is a healthy debt load for a family of four?


A:  The question is pretty much open ended and the answer will depend on your current income.  In general a debt load of 40% or less would be ideal.  However, in some cases compensating factors (a better school district, a more reliable car due to longer commute in your area, environmental factors, relative moving in, other additional income etc.) may lead to you exceeding the debt load of 40%.


Keep in mind the 40% debt load includes your housing and other debt.


If you make $120,000 annually or $10,000 per month your maximum or ideal monthly debt load would be $4,000 which in some localities would be possible.


A housing payment of $2,500 per month with a car payment of $500 per month along with other debt of $1,000 per month where you have roughly $6,000 to utilize in other ways (various monthly expenses, utilities, food, clothing, entertainment, retirement, vacations, investments, education planning etc.) will put you and your family in position for success in many areas and localities.


If you make “$60,000 annually”  or $5,000 per month you would be looking at a monthly housing payment of $1,250, a car payment of $250 and other debt of $500 and you would be in great position for lifelong success.


If you make “$240,000 annually” or $20,000 per month you would be looking at a monthly housing payment of $5,000, a car payment of $1,000 and other debt of $2,000 and you would be in great position for lifelong success.


In high cost cities such as New York and San Francisco you would more than likely have to exceed that 40% ratio—depending on your income.


The point is you want to have a debt load that is comfortable for you and allows you to live the lifestyle that you desire and save for your goals in a highly effective manner.


As to your family size—college planning, and the cost of raising children must be factored in as well–as that could further reduce your monthly discretionary income.


Note: The above numbers are illustrative in nature.  Any combination of housing and debt that is under 40% may be appropriate and the ratios must be interpreted from the money management perspective of the individual and/or  family.  Also, monthly debt as used in this discussion is debt that will exceed 12 months to pay off.


Q: How do I know the amount to save for college for my 5 year old daughter?


A:  The amount that you will need will depend on the college, in state or out of state tuition rates and the future value of the amount that you will need.


You can then use a number of approaches to reach or exceed that number.  If you fall short you may need to use your current income, take out student loans in your name or your child’s name, or borrow in some other manner.


The sooner you get started and the more discretionary income that you have available the more realistic the number that you need to reach can be reached.  In addition it is important that you and your child have an understanding of the pay scale in the current economy related to the major (degree) that they plan on pursuing.


You can go to to learn about salary info for selected majors that your child is or will consider in their future…


Q: I know I need a will to avoid probate, but how do I know if I need a trust?


A:  In many cases a trust is an effective tool for shielding income from taxation and providing a safety net for your heirs.


You most definitely need a will, however the decision on whether you need a trust can be a difficult one because it is based on a number of factors–including privacy as a “will”–will be made public (again no pun intended) and a trust will not.


Be sure to visit the estate planning page on this site along with All About Estate Planning on Realty 1 Strategic Advisors website to learn more.


Q: What is the amount of income that I should save to have retirement income until I reach age 95?


A:  Your retirement number will vary depending on your current age, your current  income, your ability to save and your future goals.


 You want to save enough to live at your pre-retirement level and take the vacations that you desire at a minimum.


In addition you may have other goals such as helping your kids and grandkid’s pursue their dreams as well.


This will all play into the “retirement number” that you need to achieve to make the goals that you desire materialize.




In the current economy you are presented with many choices and answers to your financial questions and this discussion hopefully pointed you in the right direction as far as building wealth more efficiently in the current economy—or any economy.


Fortunately for you and other visitors, there are hundreds upon hundreds of personal finance sites on the web and it is your responsibility to find one (or several) that you are comfortable with and can help you build wealth effectively and efficiently in the times that we now live in.


Your devotion to improving your finances at this time will provide you the opportunity to achieve more throughout your lifetime.


Hopefully you took advantage of this page on the front end (prior to making financial mistakes)–however, even if you did not—you can correct your mistakes and build the type of future that serves your best interest. believes that success lies ahead for you and your family from this day forward…


Also return to this site as additional Q’s and A’s will be added on a continuous basis.


Are you an agent of change or will you become the victim of changes that occur?


Be sure to answer the pressing questions (financial or otherwise) that you may have inside of your mind and heart in an intelligent, consistent and proactive manner to protect your and your family’s future interests.


In addition you can become an agent of change by building wealth in a more intelligent, consistent and proactive manner and not fall victim to the actions of others whether it be a scam artist, governmental policy or any other individual or entity!


It is the desire of that these and other FAQ’s that follow will help you achieve more throughout your lifetime…


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MVP & Wealth Building

Learn why you are the Most Valuable Person at this time when it comes to building your wealth…

After a somewhat technical article in the last post decided that it was time to lighten things up some and inform you why you are the MVP as far as your financial future is concerned.


With the WNBA women’s basketball finals concluding, the Major League baseball season coming to an end, the NFL football season now fully underway and the NBA basketball season and NHL hockey season only weeks away the topic of Most Valuable Player appeared to be an appropriate topic at this time.


In the times that we now live in many are asking a number of financial questions and at the top of the list of many is how can they build wealth more efficiently in the current economy?


When it comes to building wealth it is critical that you realize that “you” are the key and most critical component in making it happen.


It is you who must muster up the motivation (no pun intended) to move forward in a way that is unstoppable as you must be Motivated to move to action at a very high level.


It is you who must create a Vision of your future that will be inspiring and will lead to you achieving significant goals that will move you and your family along at a prosperous pace.


It is you who must Plan for success by using written plans and it is you who must gain the preparation and knowledge on the front end that you can use to your advantage so that you can achieve more throughout your lifetime.


In this discussion will further expand on why you are the MVP when it comes to your financial future and building wealth in a more efficient manner.


Are You Motivated at a High Level at this Time?


It is imperative that you pursue your goals with a high level of inspiration as you must be inspired to move to action in some manner.  You must look within and discover who you really are and you must use your imagination to dream big and bring into existence a new reality where you consistently pursue your goals at a high level.  What are you aiming to achieve during your lifetime–and why?


Inspiration, motivation, action, imagination–use all that and more to open a new door…


Do You Have a Clear Vision of What You Want to Accomplish in Your Financial Future?


You must have a clear view of where you want to go and you must know what you want to achieve.  You must know if you are serious in approaching your future in a manner that will truly take you toward the goals that will serve your and your family’s best interest.


Did you know that procrastinators are afraid of “NOW” and seriously confronting their future?


Do you desire to pay off your creditors, join the local fitness club, take the vacations that you know you deserve, live out your retirement in a stress free manner, purchase that second home or attain any other goals that are dear to your heart?


If you do–you must have the vision to see it happening–at this time!


Focus, vision, clarity, mental working knowledge–use all that and more to achieve more…


Do You Have an Effective Plan for Financial & Life Success and are You Willing and Ready to Follow that Plan?


Your ability to make things happen in your financial life can be enhanced  in a major way by you taking a few minutes of your time to put in writing what you desire most.


Whether you desire to take control of your finances on a monthly basis, improve your credit, or improve your finances in some or all areas you increase the likelihood of success tremendously if you get into the habit of putting it all in writing in a format that sticks with your mind and acts as a guiding light to direct you toward what you desire most–or what you need to achieve the most.


Written plan, success planning, keys to success, effective site search–use all that and more and enjoy the tour…




By having a high level of motivation at this time, visualizing your future in the clearest manner possible, and planning for success by using written plans you are showing a real commitment for success.


You can choose to use this site, the 3 step structured approach, Managing & Improving Your Credit & Finances for this Millennium or any other resource that you feel will work for you–to make your dreams come true.


By approaching your financial future with a high level of motivation, a clear vision of where you want to go and precise planning that can more effectively direct your daily actions you are displaying to your heart and mind a real seriousness to achieve real results and success in your life will be more likely to occur!


Because you looked deep within your heart and mind–your heart and mind will affirm what you are pursuing and the actions that you take will be in congruence with what you are pursuing–because you have put in the work to make it happen in a sincere manner!


All the best to winning the MVP award and your future success…



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Macro & Micro Understanding of the Broader Economy & Your Personal Economy as You Build Wealth

Learn why your general understanding of the overall economy and your understanding of your personal economy is critical as you build wealth…


In this discussion will try to explain what is often difficult for many to interpret (Macro & Micro Economic Theory) and how a meaningful interpretation that makes sense to you can help you in your wealth building efforts (Micro Economics) and allow you to act in a more appropriate manner as a result of your understanding–as you build wealth.


Although this discussion is somewhat technical in nature, your comprehension and awareness of the following paragraphs can put you well ahead of those in the general population when it comes to understanding the overall economy and making your personal economy work better for you and your family regardless of market conditions. will begin by defining general concepts that are needed to help further your understanding of macro and micro economic theory and follow with a discussion on how you can use your newly acquired knowledge to move forward financially at the various points in your life as you deal with the larger economy and your personal finances.


MACRO Discussion



Macro—“Macroeconomics” a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. It is the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.


Contrast with:


Micro—“ Microeconomics”  the study of individuals, households and firms’ behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.


GDP (Gross Domestic Product)–Written out, the equation for calculating GDP is:


GDP = private consumption + gross investment + government investment + government spending + (exports – imports).


For the gross domestic product, “gross” means that the GDP measures production regardless of the various uses to which the product can be put.  Real GDP growth is the value of all goods produced in a given year; nominal GDP is value of all the goods taking price changes into account, therefore prepare your mind for the context in which GDP is written or spoken in and interpret properly.


Although you will hear a lot about GDP and it is often used as a political football, you can go to the following page to get documented results from 1990 up until 2017.


Examples of GDP in selected years:


2000—just over 4%

2004—over 2%

2008—negative GDP

2012—just over 2%

2016—less than 2%

2017—over 2%

2018—not available


*Note:  In 2008 and 2009 there was negative GDP and from 2010 to the present there has been an up and down movement in GDP, with an upward trend.


National Debt–Government debt (also known as public interest, public debtnational debt and sovereign debt) is the debt owed by a government overall.   The United States has continuously had a debt since the 1830’s, however the debt is now at an all time high.


The Fiscal Year 2018 U.S. budget deficit is $833 billion. 

The deficit hit a record of $1.4 trillion in the fiscal year 2009 following the years 2007-2009 (great recession era).


See chart at the following link to learn more:


By contrast, the annual “government deficit” refers to the difference between government receipts and spending in a single year (discussed below).


Annual Budget Deficit—the U.S. budget deficit by year is how much more the federal government spends than it receives in revenue annually.


Prior to the 9/11/2001 time frame there was a government surplus on an ANNUAL basis (see chart), however since that time the government has continuously operated at a deficit on an ANNUAL basis and the national debt has increased yearly!


Go to the following link to learn more to learn more about the National Debt over a number of years:


Examples of National debt for selected years:


2000–$5.674 trillion.

2004–$7.390 trillion

2008–$10.02 trillion

2012–$16.3 trillion

2016–$19.57 trillion

2017–$20.24 trillion

Current—over $21.48 trillion (click here to see real time debt clock)  


Economic Indicators–An economic indicator is a statistic about an economic activity.  Economic indicators allow analysis of economic performance and predictions of future performance.  One of the most important uses and application of economic indicators is the study of business cycles.


There are three types of economic indicators: Leading, Lagging and Coincident:


1) Leading.  Leading indicators help to predict what the economy will do in the future…


2) Lagging.  Lagging indicators confirm what leading indicators predict…


3) Coincident.  Coincident indicators move with the economy…


Popular leading indicators include average weekly hours worked in manufacturing, new orders for capital goods by manufacturers, and applications for unemployment insurance.


Lagging indicators include things like employment rates and consumer confidence. The business cycle always have highs and lows.


Coincident indicators include things like your personal income.


In summary, leading indicators move ahead of the economic cycle, coincident indicators move with the economy, and lagging indicators trail behind the economic cycle.




LEADING: Signal future events


  • Bond Yields (leading)
  • Housing Starts (leading)
  • M2 (Money Supply–leading)
  • Consumer Confidence Survey (leading)


LAGGING: Follows an event


  • Unemployment Rate (Current Employment Statistics (CES) lagging) see chartnote downward trend in unemployment since the great recession





COINCIDENT: Occur at the same time as conditions they signify


  • Real GDP (Gross Domestic Product—coincident)
  • Personal income (coincident)
  • Market Index Movement


It is important to know the role that GDP, Annual Debt, National Debt and other Economic Indicators play as that knowledge can help you plan better for your future.


Additional market indicators include the Dow 30, S&P 500 and other market indices and there performance throughout various countries and regions–as well as the globe.


Interest rate movement, the cost to borrow, inflation, stock market movement and other macroeconomic indicators can all help you determine the right moves to make in your life from a micro economic perspective.




MICRO Discussion



Micro—“Microeconomics” the study of individuals, households and firms’ behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues, including that of family’s.

Contrast with:

Macro—“Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. It is the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.


Budget or Cash Flow Statement—A personal budget or “home budget” is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget.


personal cash flow statement measures your “cash inflows and outflows” in order to show you your “net cash flow for a specific period of time. Cash inflows generally include the following: Salaries. Interest from savings accounts. Dividends from investments.  Cash outflows generally include: Mortgage payments.  Auto payments. Utility payments.


Inflows minus outflows will determine if you have discretionary income or whether your monthly outflows exceed (you would be in the negative) your cash inflows.


Net WorthNet worth is the value of all assets, minus the total of all liabilities.  Put another way, net worth is what you own minus what you owe.


It is important to know your net worth and and it is important to grow your  net worth over time.


Discretionary Income—the money you have after paying for necessary expenses like rent, utilities, and food. It’s what you use to buy non-essentials (goods and services that you have discretion over) throughout the month.


Disposable Income—also known as disposable personaincome (DPI), is the amount of money that households have available for spending and saving after income taxes have been accounted for.


Personal Credit—Consumer credit is a debt that a person incurs when purchasing a good or service. Consumer credit includes purchases obtained with credit cards, lines of credit and some loans. Consumer credit is also known as consumer debt.  The most common form of consumer credit is a credit card.


Emergency Fund—an account for funds set aside in case of the event of a personal financial dilemma, such as the loss of a job, a debilitating illness or a major repair to your home.


In the microeconomic area of your life you must have an effective system that allows you to address the following areas in the most beneficial manner as possible:





Education Planning

Estate Planning/Wills

Retirement Planning


By creating a budget, knowing your net worth, effectively managing your credit, properly establishing an emergency fund and managing all areas of your finances at a level that is the best that is within you—you are now on a real path to making your dreams come true.


By looking down at the overall economy from a high altitude you now have a better view—and that view also allows you to see your own overall management of your own finances  with more clarity and you are now in position to achieve major success throughout your lifetime.




Your understanding of the larger economy that you live in as well as your understanding of how you can manage your finances more efficiently will serve your and your family’s greater financial interests in a major way from this day forward.


Always realize that there are a number of sources for receiving economic indicator data and one site or source may vary from the other but they will in many cases be going in the same direction but may require in-depth analysis. believes that you no longer have to be confused about financial jargon and how it relates to your wealth building future.  You now have a better understanding of macroeconomics and microeconomics and you can now move forward with confidence as you build wealth.


You can put together an effective plan to direct your future in areas that you have control over and make chess type moves in areas that you may not have control over.  You can now direct your future more effectively and control your future outcomes.  You are now in position to act—not react–after the fact–and achieve more with less effort.


As you build wealth—you now know how to operate with more precision because you have a meaningful understanding of the Macro Economy in your Country or Region—as well as the Micro Economy that you manage in your own household.


You must be aware of wage stagnation and inflation in your nation–and you must know how to integrate your knowledge of the market indicators into an understandable format within your mind.


You must understand that a “growing national debt” that is caused by tax cuts, increased government spending and rising interest rates will ultimately lead to the interest on the national debt increasing in ways that may not only be good for your country–but may also be a drain on your personal economy as well.


Some market forecasters predict that the interest on the debt will double from 2017 to 2019 and balloon even further after that–therefore,  it is important to have some idea of what effect that may have on your personal economy.


Always remember that there are 3 things in your life that are constant:


  • Things you can’t control


  • Things that you could possibly control but you won’t


  • Things that you can control and you can choose to do so or choose not to


The microeconomic area of your life provides you the ability to choose option 3 in the affirmative.


In the macroeconomic world you will often find yourself with option 1 and/or option 2.


By determining at this time that you will manage your finances better—and put together a serious plan of action you are on a path to making life much more enjoyable for yourself and your family in the current economy—or any economy.


All the best toward your economic success…


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