Tax Projections & Wealth Building

Learn what you must know about short term and long term individual tax planning if you desire to build wealth more efficiently…

 

In the current economy tax planning is critical as proper planning could allow you to avoid costly mistakes that many make without even realizing that they are making mistakes.

 

It is important that you have a conceptual understanding of what you can do now to help improve your tax position when you file your 2019 taxes in 2020.

 

However, a conceptual understanding is only the starting point.

 

You must put into action tax moves that can help you in the short term (12 months or less) and the long term (12 months or more) so that you can benefit optimally as you move along at the various stages in your life.

 

After doing tax projections for many during the 2019 tax year the creator of TheWealthIncreaser.com realized that he had not done tax projections for the creator of TheWealthIncreaser.com.

 

Ok, now is a great time to show  you what you can possibly do to lighten your tax burden and also a time that the creator of TheWealthIncreaser.com could also take inventory and make positive moves as well “before” the 2019 tax year ends.

 

*Determine your current financial position

 

You must at this time determine where you are financially and that all starts with creating a budget or cash flow statement so that you can know your inflows and outflows of cash on a monthly basis.

 

By knowing what you take in and pay out you put yourself in a better position to make tax moves that you can benefit from for the current and future tax years.

 

Or another way of looking at it is–in order to know where you want to go–you must first know where you are at. By looking at your finances in advance of your tax planning you put yourself in position for “more” effective tax planning.

 

*Determine if you are maximizing your credit effort

 

Your credit or debt level must be at an acceptable level and there are moves that you can make to get to a level where you are maximizing your credit effort.

 

Are you managing your debt load effectively?  Do you have a debt payoff or debt pay down plan that is realistic and doable by you?

 

By maximizing your credit effort you put yourself in a much better position for short and long term tax planning.

 

Are you using mortgage interest, real estate taxes and other housing related deductions in a way that maximizes your tax position.

 

*Thoroughly analyze all areas of your finances including tax moves that you can make now to help in the short and long term

 

You must know how to review and effectively analyze your insurance, investments, taxes, education planning, estate planning/wills and retirement panning in a way that benefits you and your family the most.

 

You must look at the taxes that you pay to the IRS in an overall and comprehensive manner to see where and if improvements can be made.

 

In the following paragraphs you can learn about tax moves that you could possibly make to help lighten your tax burden now–and in your future!

 

Short Term Tax Moves

 

You can in the short term make charitable donations (the creator of TheWealthIncreaser.com will be donating a car this year as a result of reviewing tax moves at this time), possibly pay medical expenses in a way that allows you to maximize the 10% of AGI deduction for the 2019 tax year–and if you are self-employed–plan your growth in a manner that maximizes your tax position.

 

You may be able to adjust your w-4 to ensure that you don’t owe taxes or you get the tax refund or pay the amount (when you owe taxes) that you are comfortable with.

 

It is important that you know your state income tax withholding and sales tax payment position now–so that you can plan accordingly.  If you are self-employed or make some of your income from self-employment you can plan more effectively and know in advance if you will have to pay estimated taxes that are normally due if you earn income during the year (January 15, April 15, June 17 and September 16–in 2019).

 

By knowing your current or expected income, your federal and state withholding and your tax projections for the 2019 tax year and beyond you can plan for success and win in your financial life.

 

If you invest “outside of your retirement accounts” during the year you can use capital losses to offset capital gains up to $3,000 per year and carry forward the rest.

 

If you invest “inside your retirement account(s)” you can possibly avoid and/or delay the payment of your taxes.

 

You can plan your family size and educational ambitions with the current and possibly future tax advantages in mind.

 

Long Term Tax Moves

 

You can in the long term make retirement contributions in a wise manner by contributing at least to the match level of your employer, and even higher if your financial position allows you to do so.

 

You must know your federal and state withholding and tax projections for the 2020 tax year and beyond where possible.

 

If you own rental property  or other depreciating assets you can accelerate or decelerate depreciation so that it will benefit you now—and/or in future years.

 

Be sure to deduct student loan interest and use education credits in a way that benefits you and your family the most!

 

Be sure to invest both inside and outside of your retirement accounts in a manner that provides a balance between what you need and your tax position.

 

Again, if you invest “inside your retirement account(s)” you can possibly avoid and/or delay the payment of your taxes.

 

Be sure to use pre-tax accounts such as Retirement Accounts, HSA’s and MSA’s and other tax advantage accounts including both ROTH and traditional IRA’s.

 

If you invest “outside of your retirement accounts” during the year–you can use capital losses to offset capital gains up to $3,000 per year–and carry forward the excess into future year(s).

 

You can use a start up business or farm to possibly help offset your personal income taxes–if you file as a business or farm on your personal tax return.

 

If your income is too high or too low you can do short and/or long-term planning to correct that situation in a way that makes the tax system work for or with you—not against you!

 

Conclusion

 

The above strategies are proven ways that tax burdens have been lifted or eliminated and if you get a handle on your finances now and look out into the horizon you can discover more effective ways of minimizing your taxable income and lowering your taxes for the 2019 tax year and beyond.

 

Keep in mind that what is considered short or long term planning will depend on your individual and family situation as what might be short term planning for you could be long term planning for others—and vice-versa.

 

Also realize that all tax filing situations are unique so what might be effective for your neighbor or co-worker might not be effective for you.

 

And with the new tax law changes many middle class tax filers who were getting larger refunds in the past are seeing a difference–and in many cases a reduction.

 

Likewise many who got a smaller refund are seeing an increase, particularly younger families with children and household income under $100,000.

 

Almost all of those in the $400,000 and up categories have seen an increase in their refund or a decrease in the taxes that they pay.

 

You must always know about marginal tax rates which has been reduced for many, however “more of their income” such as pension and social security is now possibly taxable–thereby increasing the amount of taxes they owe even though they are paying a lower marginal tax rate.

 

What you really must be aware of is your effective tax rate  as that is the actual taxes that you will pay based on your unique filing position.

 

Always consider how tax moves at the “federal level” will affect your tax position at your “state and local level”–where applicable.

 

Your goal is to maximize your tax refund or minimize your tax liability in an overall (state and federal) manner–now–and in future tax years.

 

All the best toward your short and long term tax success…

 

 

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REITs & Wealth Building

Learn what Real Estate Investment Trusts are and how you can use them to build wealth…

 

In the current economy there are many investment choices.

 

An often overlooked but potentially rewarding investment choice is a REIT, however they are not as popular as many other investment choices but could possibly offer you a better rate of return than many popular investment options.

 

In this discussion TheWealthIncreaser.com will detail how you can make REITs a part of your portfolio and how you can use them to help build wealth more efficiently.

 

A “Real Estate Investment Trust” or REIT (pronounced REET) is an investment option that became available to investors many years ago (1960’s) and there popularity has grown over the years, however they are not as popular an option among many.  As an investor you have many investment choices–such as stocks, bonds, mutual funds, commodities and options (no pun intended) among others.

 

REITs are now offered around the world and is seen as an economical way to get into real estate without incurring the actual cost and expense of actually owning real estate.

 

The acceptance of investing in global real estate securities has grown over the years but there remains room for growth as developing markets continue to rise.

 

The REIT industry struggled beginning in 2007 as the global financial crisis kicked in. In response to the global credit crisis, listed REITs responded by paying off debt and re-equitizing (selling stock to get cash) their balance sheets.

 

https://en.wikipedia.org/wiki/Real_estate_investment_trust

 

At this time (October 2019), REITs are worth consideration as a part of your portfolio as they have in many years outperformed the S&P and other market indices when it comes to rate of return.

 

real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate.

 

REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouseshospitalsshopping centershotels and timberlands.  Many REITs engage in financing real estate in an effort to increase their returns.

 

REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. 

 

The two main types of REITs are equity REITs and mortgage REITs and this discussion will primarily focus on equity REITS.

 

A REIT (Real Estate Investment Trust) gives investors of all sizes access to income producing commercial real estate without the hassle of actually owning commercial real estate.

 

REITs have been increasing in popularity and they are designed to hold a range of real estate assets that are primarily commercial that provide investors the opportunity to invest in real estate with limited risk exposure.

 

For many investors, investing in this way represent the simplest, most cost-effective way to add real estate to their investment portfolio—without having to identify, manage  and sell properties themselves.

 

But not all REITs are created equal!

 

Your earning potential varies based on several factors, such as your investment sector, costs, fees, whether your REIT is inside or outside of your retirement account(s) and how you decide to participate in general.

.

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors.  These real estate companies have to meet a number of requirements to qualify as REITs.  Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

 

REIT-owned real estate can be found in many countries, in every state in the United States–including local communities–and is an important economic engine for spurring growth in the world economy.

 

By purchasing real estate using a REIT you benefit through the properties they own, finance and operate.

 

REITs are real estate working for you without the hassle of locating, managing and selling!

 

Again, a real estate investment trust (“REIT”) is a company that provides you the opportunity to choose an investment vehicle which owns, operates or finances income-producing real estate–so that you won’t have too!

 

REITs provide “all” investors the chance to own valuable real estate, present the opportunity to access dividend-based income and total returns, and help many areas around the world move forward economically in a more efficient manner.

 

REITs “allow anyone” who is willing to invest–the  same opportunity” to invest as they have to invest in other industries.

 

You can purchase a REIT through the purchase of individual company stock or through a mutual fund or exchange traded fund (ETF).

 

The stockholders of a REIT earn a share of the income produced through real estate investment – without actually having to go out and buy, manage or finance property.

 

Over 80 million Americans alone invest in REIT stocks through their 401(k) and other retirement plans.

 

Assets that REITs  can own

 

In total, REITs of all types collectively own  trillions in gross assets across the U.S. alone, with stock-exchange (publicly owned)  listed REITs owning over $2 trillion in assets, representing more than 500,000 properties. U.S. listed REITs have an equity market capitalization of more than $1 trillion.

 

You can go to the following links to learn more about REITs

 

 

Always realize that REITs can invest in a wide variety of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels among others.

 

Many REITs have limited focus or focus on a particular property type, but some hold multiples types of properties in their portfolios as well.

 

In the following paragraphs you can learn about many of the more popular “property sectors” that REITs invest in:

 

Office REITs

Office REITs own and manage office real estate and rent space in those properties to tenants and they can range from skyscrapers in large cities to small offices in rural and suburban areas.  They may focus on certain areas such as central business districts or suburban areas or rural areas. They may even focus on  specific classes of tenants, such as government agencies, technology, medical etcetera.

 

Industrial REITs

Industrial REITs own and manage industrial space such as warehouses and distribution centers and are particularly popular at  this time with the explosion of ecommerce and the demand for same day and next day delivery in many areas.

 

Retail REITs

Retail REITs own and manage retail real estate and rent space to tenants at large regional malls, outlet centers, grocery-anchored shopping centers, strip malls that are anchored by big box retailers and other similar developments of a retail nature.  Most retail REITs are structured in a way that the tenants pay both rent and the majority of operating expenses for the property.

 

Hotel REITs

Hotel REITs own and manage hotels and resorts and rent space in those properties at varying levels of service and amenities.  They serve the casual traveler to business customers and all those in between.

 

Residential REITs

Residential REITs own and manage  residences and rent space in those properties.   REITs that specialize in apartment buildings, student housing, manufactured homes and single-family homes among others are very popular at this time.  Many focus on geographical or “hot” areas of growth or certain classes of residential properties.

 

Health Care REITs

Health Care REITs own and manage health care-related real estate and collect rent from tenants in senior living facilities, hospice care facilities, medical office buildings, skilled nursing facilities and the like.

 

Self-storage REITs

Self-storage REITs own and manage self storage facilities and collect rent from customers and are seeing a boon in many areas. Self-storage REITs rent space to both individuals and businesses and are very popular at this time in many areas of the United States.

 

Infrastructure REITs

Infrastructure REITs own and manage infrastructure and collect rent from tenants and include fiber cable investments, wireless infrastructure investments, telecommunications towers and energy pipelines among others.

 

Data Center REITs

Data Center REITs own and manage facilities that customers use to safely store data and help keep servers and data safe, including providing uninterruptable power supplies, air-cooled chillers and physical security for companies large and small.

 

Diversified REITs

Diversified REITs own and manage a mix of property types and collect rent from tenants. They may include a combination of the REITs mentioned above including others such as timber REITS.

 

Specialty REITs

Specialty REITs own and manage a unique mix of property types and collect rent from tenants such as  movie theaters, casinos, farmland and outdoor advertising sites.

 

Throughout history real estate has generally proven to be an above average long-term investment!

 

When you purchase property it often comes with a large down-payment, therefore investing in REITs may be a great alternative to you owning real estate directly and help you build your wealth in a less painful way.

 

Keep in mind that if you own REITs you cannot:

 

*Deduct depreciation as Rental or Business expense

*Deduct other expenses associated with the properties in the portfolio

*Directly own property (you hold no title to real estate directly)

*Generally deduct dividends at the more favorable capital gains rate (must use ordinary income rate)

 

Most REITs will deduct those expenses associated with the properties and they are required by the IRS to return a minimum of 90% of its taxable income back to shareholders each year, therefore REITs pay dividends and also have the potential for growth.  Most investors think of REITs as slow growth vehicles that pay big dividends. However in 2019, the REITs, as an industry, have outperformed and may be worth considering as part of your portfolio.

 

If you invest in a 401k or other retirement plan you probably already invest in REITs in an indirect way.  However, directly investing with REITs may be worth considering as part of your asset allocation.  They can be of real importance if they are inside of your retirement account as they have the potential to provide you solid returns along with a delay or avoidance of tax payments for a period of time.

 

To reiterate, REITs generate income, and 90 percent of that “taxable income” must be distributed to the shareholders on a regular basis.  REITs make money from the properties they purchase by renting, leasing and/or selling them.

 

https://www.investopedia.com/ask/answers/060415/what-average-annual-return-typical-long-term-investment-real-estate-sector.asp

 

 

Conclusion

 

Investing in income-generating real estate can be a great way to increase your net worth and may be worth considering.

 

Because directly investing in real estate, particularly commercial real estate, is simply out of reach financially for many–a REIT which allows you to pool your resources with other small investors and invest in large-scale commercial real estate as a group may be a better option.

 

REITs (pronounced like “treats”) allow you to get into commercial real estate and benefit from the returns in a more cost efficient and less riskier manner.

 

In this discussion you learned that REIT stands for real estate investment trust and is thought of  by many as  a “real estate stock.”

 

Essentially, REITs are corporations that own and manage a portfolio of real estate properties and mortgages.  Anyone can buy shares in a “publicly traded” REIT.

 

They offer the benefits of real estate ownership without the headaches or expense of property management!

 

Keep in mind that not all REITs are created or managed equally.  Investing in some types of REITs also provides the important advantages of liquidity and diversity.  You can sell shares quickly and they are normally easily sold.  And because you’re investing in a portfolio of properties rather than a single building, you face less financial or investment risk.

 

­REITs­ came about in the 1960’s, when Congress decided that smaller investors should also be able to invest in large-scale, income-producing real estate.  Congress determined that the best way to do this was to follow the model of investing that was already in existence in other industries that traded on the exchanges.

 

Remember, a company must distribute at least 90 percent of its “taxable income” to its shareholders each year to qualify as a REIT.

 

Most REITs pay out 100 percent of their taxable income.  In order to maintain its status as a pass-through entity, a REIT deducts these dividends from its corporate taxable income.  A pass-through entity does not have to pay corporate federal or state income tax–it passes the responsibility of paying these taxes onto its shareholders (i.e. you if you owned shares in a REIT).

 

REITs cannot pass tax losses through to investors, however!

 

Because of the high demand for real estate funds, President Eisenhower in 1960 signed the real estate investment trust tax provision qualifying REITs as pass-through entities.

 

A corporation must meet several other requirements to qualify as a REIT and gain pass-through entity status such as:

 

  • Be structured as corporation, business trust, or similar association
  • Be managed by a board of directors or trustees
  • Offer fully transferable shares
  • Have at least 100 shareholders
  • Pay dividends of at least 90 percent of the REIT’s taxable income
  • Have no more than 50 percent of its shares held by five or fewer individuals during the last half of each taxable year
  • Hold at least 75 percent of total investment assets in real estate
  • Have no more than 20 percent of its assets consist of stocks in taxable REIT subsidiaries
  • Derive at least 75 percent of gross income from rents or mortgage interest

 

­At least 95 percent of a REIT’s gross income must come from financial investments (in other words, it must pass the 95-percent income test).  These include rents, dividends, interest and capital gains.  In addition, at least 75 percent of its income must come from certain real estate sources (the 75-percent income test), including rents from real property, gains from the sale or other disposition of real property, and income and gain derived from foreclosure of property.

 

Tax Reporting

 

You would receive a schedule 1099-DIV from your REIT and you would include that income on your tax return.  By providing the tax reporting documents to your tax professional they would include the dividends on your tax return and you would pay taxes at the appropriate rate depending on your filing status and income level.

 

The Dividends from REITs are almost always “ordinary income” as opposed to “qualified dividends” that would be taxed at the lower capital gains rate.

 

Box 1 of the 1099-DIV is where a REIT reports such dividends!

 

Payments from REITs are referred to as “dividends,” but they are not the same as the dividends that you are probably familiar with when you buy stock.

 

A REIT generates income in different ways than stocks, REIT dividends include the following:

 

  1. Ordinary income: Money made from collecting rent or mortgage payments.
  2. Capital gains: Money made from selling property for more than the REIT paid for it.
  3. Return of capital: This is essentially the REIT giving you some of your own money back.

 

In general, “what happens in the REIT” dictates the tax treatment.

 

Capital gains distributions, for example, are subject to capital gains taxes.  If no properties in the portfolio of the REIT was sold during the year you would only have ordinary income and/or return of capital on your 1099-DIV.

 

As a practical matter you will normally receive a 1099-DIV that will have a portion of the Dividends designated as:

 

  • Return of Capital–dependent on how much you invest in the REIT and how much has been already designated as return of capital on prior year 1099-DIV forms
  • Ordinary Income–will almost always receive on 1099-DIV unless REIT had a loss for the tax year, and
  • Capital Gains–dependent on the type of REIT and the sectors the REIT invests in and if properties in the sectors were sold for a gain during the tax year

 

In closing, a real estate investment trust (REIT) allows you to:

 

* have ownership interest,  but not manage income-generating real estate or related assets

*invest in the collection of properties that a REIT would manage, and you would benefit from the dividends earned and capital gains

*be part of a group that would also bear the cost of taxes and any other losses incurred

*be able to build up your financial portfolio without directly buying real estate

*potentially have a lower up front cost and an ownership interest in commercial real estate

 

The main difference between a REIT and a real estate company is that a real estate company develops properties to resell them, while REITs acquire and develop properties to own, hold and manage–but may sell at a future date.

 

They can be looked at from a different angle by envisioning a REIT as a “mutual fund” for real estate” that contain property sectors and/or mortgage backed securities that are aggregated and contain all of the requirements discussed above that must be met–so that the REIT can maintain their pass-through tax advantage status–according to IRS guidelines.

 

Always be aware of the difference between an Equity REIT and a Mortgage REIT that are now on the market.

 

In this discussion we have primarily discussed equity REITs, however always keep in mind that mortgage REITs that invest in mortgage backed securities are also available.

 

  • Equity REIT companies procure business properties such as shopping malls, hotels, office buildings and commercial buildings, then rent out the spaces.  After deducting all operational costs, equity REITs pay dividends in the form of return of capital and ordinary dividends to their shareholders annually.  The dividends also include any appreciation of the property(s) and gain from sale (capital gains)Equity REITs have been discussed in this article quite extensively.

 

  • A mortgage REIT or mREIT, provides mortgage financing or obtains mortgage-backed securities and earns income from the interest from such properties. Mortgage REITs can either be on residential or commercial properties. In fact, some REIT companies deal with both (hybrid). Due to their high potential for leverage, mortgage REITs are a rather risky investment, as they gain profits from interest, which is something that can change.  Mortgage REITs have not been discussed in great detail in this article–however you must be aware of their existence as they too may be worth considering and adding to your asset portfolio.

 

NOTE: A HYBRID REIT which includes equity and mortgage backed securities are also offered by some REITs

 

As a potential investor you must also determine if the REIT you are considering to invest in is private (a private REIT does not need to disclose as much information as public REITs do) or public (a public REIT is registered with the Securities and Exchange Commission and trades on national stock exchanges).

 

By not having to publicly disclose information to the public a private REIT could lead to management making the wrong investment decision and you not knowing about those decisions. Public REITs offer investors more exposure to properties across the world than do private REITs and more information about investment activity would normally be publicly available for those who are considering investing in a Public REIT.

 

And an even greater incentive for you to seriously consider adding REITS to your asset allocation at this time is the fact that you can now under the new tax law enacted in 2017 possibly deduct 20% of MLP or REIT income as qualified business income,  thereby lowering your taxable income.

 

All the best toward your REIT and Wealth Building success…

 

 

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Be sure to do additional research as the links below are provided for convenience but does not represent an endorsement by TheWealthIncreaser.com

 

Public REITs:

NAREIT

Sure Dividend

 

Private REITs:

Non-traded REITs 101 Investor Junkie

Fundrise is a private REIT that offer reasonable fees and low initial investment.

  • Diverse portfolio of private real estate deals
  • Minimum investment of $500 to $1,000
  • Management and advisory fees add up to about 1%, but be aware of other fees

Fundrise’s proprietary eREITs® https://fundrise.com/start-investing?cta=inline-get-started-textare the next evolution in REITs, combining innovative technology and direct access to private market real estate, all at lower costs

5 Top REIT Stocks–TheMotleyFool

How to Set Up a Self-Directed IRA…

 

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New Era & Wealth Building

Learn how a new beginning or new era as you build wealth could be what you need to jumpstart or rejuvenate your wealth building efforts…

 

In life there will be ebbs and flows—two steps forward and three steps backwards may occur on occasion.

 

In times when setbacks seem to occur in a rapid fire and consistent manner it can often be difficult and challenging to move forward at the pace that you envisioned.

 

Even so, you must stay focused and put forth the required effort.

 

In this discussion TheWealthIncreaser.com will discuss how a “new beginning or new era” may be what you need in your life as you build wealth.

 

  • Determine at this time that you are worthy of the success that you are pursuing…

 

You must believe that you are worthy of the future that serves your best interest.

 

You are worthy of knowing who you owe—and what you owe–and you are worthy of knowing how you can pay off your creditors in a timely manner so that you can pursue other goals and objectives that you may have in your life that can move you and your family forward in a manner that allows you to build wealth EFFICIENTLY.

 

  • Determine at this time what you can do to achieve at a higher level of excellence as you build wealth…

 

You are worthy of building a future that is at a level that is your absolute best and you are the ONE who controls the decision making or mental switch to turn it on so that you can truly achieve at your absolute best.

 

You are the one who can make the decision to know what areas of your financial life that needs addressing and do so in a comprehensive manner–if you choose to do so.

 

You are the one who can decide right now to pursue a path to success that can lead to less–stress and the willingness by you to give it your absolute best–may be the question that you need to answer to decide if you will past the test.

 

  • Determine at this time that you will continuously “fine tune” the steps that will lead to continuous success…

 

You are worthy of knowing what you can do at this time–and what you can do throughout your lifetime to manage your finances in all areas in a comprehensive manner.

 

You must dig deep inside and decide that you will do all that you can to make your financial journey a smoother ride.  It will help in a major way if you know the areas of your finances that you must address at this time and throughout your lifetime.

 

Conclusion

 

It is important that setbacks, stagnation, immobility and the disappointments of life don’t set you back on a permanent basis.

 

At times you may have to recharge your mind (think deeply about your future and look at how you can achieve more in a sincere manner) and look at how you can do what you need to do at a higher level of excellence.

 

You must be willing to look at your future in a more analytical, accurate, critical and careful manner so that you can ask yourself the right questions so that you (and/or your financial advisor(s)) can come up with the right answers.

 

It all starts with “thinking about” a new future based on the above 3 steps and taking the right action in a timely manner—by “deciding” to act in a manner where you feel WORTHY! 

 

You can achieve far more if you leave bad experiences or unpleasant happenings in the past (that does not mean you don’t learn from the past or you repeat those same mistakes) and forge a new beginning where the slate is clean and the success that you desire will be all that you see (your dominant thoughts) as you build wealth now—and in your future.

 

You can choose to enter a “new era” in your life and leave behind unpleasant thoughts and financial strife.

 

And just as the creator of TheWealthIncreaser.com will leave behind (in the best way possible) unpleasant experience over the last few months and bring in a “new era” as it relates to life and the contributions to humanity that lie ahead—so too must you make the sacrifice and  enter into a new era in your life!

 

You can choose to dwell on bad happenings in your past that may have no answer as to why—or you can choose a new beginning and embrace your future so that you can fly.

 

 

All the best to your new beginning and a new era of lifetime success–as you achieve a new high…

 

 

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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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 Copyright 2014-2019©–TheWealthIncreaser.com–All Rights Reserved

 

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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Copyright ® 2014-2019—TheWealthIncreaser.com—All Rights Reserved

 

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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Copyright 2014-2019©–TheWealthIncreaser.com–All Rights Reserved

 

 

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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