Visions of Wealth Building Success for 2021 & Beyond

Posted on January 31, 2021 by TheWealthIncreaser.com

Learn how you can avoid procrastination and look into your future and see the wealth building success that you desire with more clarity…

As we close out the month of January 2021 with a new administration in the United States and over 440,000 COVID 19 deaths in the United States alone, entering the the month of February 2021 is a welcome occurrence for many of us.

As the year of 2021 is progressing forward—we must look to the future, leave procrastination behind and see how we can learn from the experiences and happenings of 2020 to forge a brighter future in 2021 and beyond.

At this time, the creator of TheWealthIncreaser.com whose spirit is at an all-time low due to the transition of his mother (Nettie Ree Jones) will present action steps that you can prepare to take so that you can avoid procrastination and help ensure a more prosperous and fruitful future for you and your family in 2021 and the coming years.

It is important that you have the following knowledge base as you move forward from the happenings that are occurring or possibly will occur in your future regardless of where you reside.

1) Know your tax position now so that you know what to expect when you file your 2020 taxes in 2021

COVID -19 has presented many challenges and in the area of taxation that is no exception as limited income, unemployment, payroll tax cuts, stimulus checks, government business loans, local grants and other charitable activities have made 2020 a confusing and in many cases an uncertain environment for many who will file taxes in 2021.

Even so, now is not the time to panic or live daily with anxiety as you must realize that you can only do what you can do.

It is important that you leave the stress behind, and take inventory of where you are now at. You must be prepared to give it your absolute best to improve your situation as best you can when the tax filing season comes around.

It is also the time to look forward and find other ways to save on your taxes as tax and financial planning should be a year round activity for most.

Be particularly alert for pre-tax benefit savings on your taxes such as FSA (Flexible Spending Account) or HSA (Health Savings Account)—and be aware of the details–as with many pre-tax plans you must use it (spend it during the tax year) or lose it (lose the tax benefit for the tax year)! Some pre-tax plans may allow you a carryover of a certain amount that are indexed or adjusted yearly for inflation.

If your employer offers an FSA and you enroll (and contribute $5,000) and you make $50,000 you would be taxed on only $45,000 and you could save far more in taxes than if you saved on a post-taxed basis. You just potentially saved $500 in taxes if you use all of the $5,000 during the year with a FSA and you grossed $50,000 annually. Keep in mind that all financial and tax positions are unique and you will have to apply the knowledge that you are learning to your unique financial position.

Always remember that there are taxable benefits to having an FSA, HSA and other pre-tax savings plans including 401k’s and other retirement plans! If there is an employer match and/or you qualify for a “savers credit” involving your retirement plan, you can benefit even more.

2) Know your financial position now and know ways that you can improve your financial position in 2021 and beyond

It is your responsibility to take inventory of what you now know and what you need to know as far as your finances are concerned.

By knowing what you need to do to manage your finances optimally you put yourself in a much better position for success—now and in the coming years.

3) Know how you can save and make the right moves in 2021 and beyond so that you can retire and live the lifestyle that you desire

It is important that you do all that you can to ensure that your retirement years can be as enjoyable as possible.

You can do so now by saving consistently both inside and outside of your retirement accounts.

You must put a plan in place in spite of 2020 setbacks or any other setbacks and get back on track where possible—or start now to effectively save for your retirement years so that you can reach the goals that can make your life more meaningful and significant in the coming years.

Conclusion

As the month of January 2021 ends and a new chapter begins it is important that you always respond to adversity in a positive way regardless of how painful the adversity is and continues to be.

And just as the creator of TheWealthIncreaser.com will respond appropriately by operating daily at a higher standard of excellence and pursuing success in a more intelligent, consistent and proactive manner and with more urgency, so too must you pursue your dreams with more urgency.

The following poem was written as a tribute to the creator of TheWealthIncreaser.com’s mom who transitioned at the end of 2020 and had her homegoing in January of 2021, and hopefully you too will find some inspiration in this poem to help you move forward and achieve more during difficult stretches in your life.

It is a poem designed to show love to the creator of this universe and also act as a motivator to help those who desire to achieve at a higher level of success during difficult times find the inspiration to move daily in a more committed manner toward their goals and objectives.

Hopefully you will find some inspiration in this poem and it will help you move forward daily with a more active spirit and achieve more throughout your lifetime–and achieve in a manner that can be of true benefit to yourself, your loved ones and the larger society that you live in.

Up Above With Love

From the “sun” up above who sends you love

From the north star who knows who you are

You are amazingly created to win—again and again

Even though we all sin, we know that the creator of the universe lives within

Now is the time to position yourself to get what you want or need–by planting seed

The words that we hear or read hit us in a different way–when it is a different day

Procrastination offends God

Your mindset to “do it now” is not odd

I’ll do it later, must not be in the numerator–or denominator

Step outside of your comfort zone and you can achieve in a better way

Live your life with purpose each and every day

There is lots of time, I’ll do it later you think

Life on earth is much shorter than a blink

Today I move to action without procrastination

And achieve success regardless of the situation

My actions that were taken when I put things off must not stand

From this day forward I will move my feet and never get stuck in the sand

All the best to your new vision of unlimited success…

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Investments & Wealth Building

Posted on January 17, 2021 by TheWealthIncreaser.com

Learn how to invest in a way that will DRIVE you toward the success that you desire as you avoid turbulence and reach higher…

More on Investments…

If you are new to investing or you desire to re-evaluate your current portfolio and find ways that you can invest more effectively you can do so with the right approach.

In this discussion TheWealthIncreaser.com will provide information to assist those who are new to investing or those who desire to invest more effectively, 5 ways or 5 steps that can lead to more investment success. It is important that you invest in your future in a manner that is more favorable for your success. You must at this time show the desire and determination–and you must be willing to give it your best–as you build wealth and improve your financial health.

It is important that you have D R I V E on the inside as you prepare for investing in your and your family’s future and this discussion is designed to assist you as you drive in the direction where success lives as you pursue investing at a higher level of commitment.

You must have the drive to reach your investment goals and the following five factors that you have the opportunity to learn on the front end (prior to your investment journey) can help you achieve more throughout your lifetime.

D iversify or Spread Out Your Investments

R eBalance so Your Investments are Allocated Appropriately

I nvestment Risk Analysis Must be Performed

V alue the Usage of Leverage

E ase into Investing

D iversify or Spread Out Your Investments

It is important that you have investments in a number of sectors or asset classes such as stocks and bonds. Other more exotic investment choices (gold, cryptocurrency, forex, REIT’s etcetera) should be considered only after you have workable and practical understanding and application of the basics in real world investments.

Always remember that stocks are generally for growth and bonds are generally for preservation of capital!

Your challenge is to create a portfolio that has a mix so that one stock won’t overwhelm or have an unwanted effect on your portfolio. A portfolio of 15 stocks are better than a portfolio of five as you can spread the risk more assuming they are invested in different industries.

Mutual Funds, Exchange Traded Funds, and other grouping of stocks and bonds by a third party may also be worth consideration if you are new to investing as it allows you to use dollar cost averaging and other relatively painless measures (from a financial standpoint) to ease into investing while you continue to learn about investments and how you can utilize them more effectively in your financial future.

R eBalance so Your Investments are Allocated Appropriately

Did you know that the growth of your portfolio is a good thing, however it will require that you re-balance your portfolio occasionally?

Even losses from your investments can create the need for you to re-balance your portfolio!

Market activity will determine how frequent you should re-balance, however a good rule of thumb is to analyze at least annually and re-balance if necessary to bring your allocations in line with your prior allocations or your current risk tolerance level and future goals.

I nvestment Risk Analysis Must be Performed

You must align your risk tolerance level with your intended goals whether it be a down-payment on your new home, retirement, education funding, a dream trip or anything else.

It is important that you realize that investments allow you the opportunity to make money—and lose money!

Your time horizon and risk tolerance must be analyzed appropriately and you must prepare properly for a successful investing career by having an appropriate emergency fund and an understanding of where you are currently at in your life stage.

V alue the Usage of Leverage

You can possibly use leverage to increase your potential investment returns.

You can use leveraged ETF’s, futures contracts and margin loans to amp up your returns—but they are also riskier than using your own money to invest!

You must value the use of leverage by knowing that it can be dangerous for the novice investor and you must learn all about leverage prior to your leveraged investment activity. By using leverage appropriately and learning how to properly utilize leverage in the best way possible based on your unique financial position, you can possibly avoid the pitfalls that have affected many in a negative way.

E ase into Investing

If you are new to investing or you desire to invest more effectively, it is important that you are relaxed and don’t rush into it. You may want to start with dollar cost averaging, mutual funds or contributing to your retirement plan at work or start a traditional or ROTH IRA making consistent contributions.

You may also be eligible for a “saver’s credit” that can help you at tax time (and provide an additional investment incentive) if you meet certain income thresholds!

If your employer offers a retirement plan and there is a “match” provision, be especially alert and plan to contribute up to the match at a minimum as by doing so it can lead to you reaching your goals more efficiently!

Always be aware of the effects of investing inside and outside of your retirement accounts as the approach that you take with the selection can work for or against you and your ultimate goals.

You can learn investment success principles along the way and make adjustments to your investment activity as you learn more.

Conclusion

It is important that you know the importance of your need to:

D iversify or Spread Out Your Investments

R eBalance so Your Investments are Allocated Appropriately

I nvestment Risk Analysis Must be Performed

V alue the Usage of Leverage

E ase into Investing

With the advent and progression of technology (fintech) you now have access to robo and micro advisors, easier access to the markets, lower trading costs, access to fractional share purchase at some brokerage houses and you can now invest in a more convenient way from many of your electronic devices.

In a real sense you can now DRIVE toward the investment success that you desire in a more convenient way–starting today!

Even so, you must still have an awareness of “investment fundamentals” so that you can diversify appropriately based on your risk tolerance and goals, re-balance and manage investment risk on a consistent basis, use leverage wisely and ease into investing in a relaxed manner as you build your net worth more efficiently.

There is no need to panic as you can invest and learn along the way and more effectively manage the turbulence in your life from day to day.

All the best as you drive with more acceleration toward lasting investment success…

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Turbulence & Wealth Building

Posted on January 3, 2021 by TheWealthIncreaser.com

Learn why you must press forward when turbulence (adversity) occurs while you are in the process of building wealth…

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In the current economic and political environment and especially the events of 2020, many are in a somber mood and are stressed about their future as it relates to building wealth efficiently.

It is important that you have confidence in your wealth building future and not be deterred or detoured by what is happening in the larger economy. Even if you now face turbulence or now feel that you are on an unexpected journey toward your wealth building goals and your financial future appears to be in turmoil, you can still achieve meaningful goals.

In spite of the fact that you may have anxiety about your future plans as a result of the political and economic activity that has occurred in your country–you must still adjust your plans appropriately where and when needed. You must know deep within that you can still reach your wealth building goals in spite of the uncertainty that is now in the atmosphere at this time.

You can remain focused by doing the basics (see the 3 steps below) on a consistent basis as best you can. Keep in mind the fact that you ultimately control the direction of your future even if adjustments have to be made along the way.

1. Determine your cash flow position

It is important that you get a better handle of the inflow and outflow of cash that comes into and out of your household on a monthly and annual basis. You want to know what comes in and goes out so that you can plan for your future in a way that is more advantageous for you and your family–not creditors.

2. Improve your credit understanding

It is important that you understand how credit works if you at any time anticipate using credit to reach some of your goals. By knowing how you utilize credit at the various stages of your life you can position yourself and your family for continuous success in the current environment or any environment.

3. Manage all areas of your finances at a level that is the best that is within you

By knowing all areas of your finances that you must address and putting in place a plan to address those areas on a consistent basis you can position yourself and your family for more success. Keep in mind that you must be determined to give it your best so that you can achieve a higher level of success.

Conclusion

By always knowing that turbulence or unwanted occurrences will occur while you are in the process of building wealth you put your mind and heart in a better position for long-term success.

Your determination at this time to do what you need to do consistently in spite of setbacks will serve you and your family well in 2021 and beyond–and not just intermittently!

You are truly the key to achieving results that you can see and controlling the the turbulence so that you can be all that you were meant to be.

And just as a 747 plane that experiences turbulence make adjustments on the fly (no pun intended), so must you if you desire to make your dreams come true.

You must realize at all times that you possess the ability to change direction, go around, over, under or through the turbulence in your life as you avoid financial strife!

All the best as you “manage the turbulence in your life” and achieve major success…

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