Learn why your decisive action is needed if you desire to build wealth effectively in today’s economy…

Even if no one else says anything to you about your need to manage your finances more effectively and efficiently—you still have to do it.  Whether one person or one million people will benefit from your decisive action—you must still do what needs to be done at a level that is the absolute best that is within you.

By learning what you need to know and do as it relates to your finances you can get into a habit of doing what needs to be done on a consistent basis.  That repetition within your mind and with your action will put you on the right path towards achieving what you desire or achieving what you need to achieve.  Your thoughts (what you know and intend on doing) will precede your action as you must believe in what you want to accomplish and move to action or put into motion what needs to be done!

By formalizing written plans for action based on your own thoughts you empower your mind and heart to make it happen in a more definitive manner.  You must realize that your mind is an awesome gift from God—and you must believe that with God’s help and an effective plan that you create—you can get to where you need to be.

Are you willing to put in the effort that is required to build your wealth effectively?  You must realize upfront that whether you made bad decisions in the past, bad situations found you through no fault of your own or you are on a good path toward the success that you desire—major success starts and ends with you making good decisions on a consistent basis.

You must realize that if you make the decision at this time to go after your goals and never quit (a made-up mind can’t be stopped) you can put in motion what is needed to propel you forward in a more efficient manner and you can get the wind at your back—or momentum (positive energy) to propel you forward.

Likewise, you can make the decision to do nothing and repel or slow down the progress that you could be making.

Your decisive inaction takes away from you accomplishing more.  Even if you make the wrong decision (you can avoid or reduce the possibility of that occurring by navigating TheWealthIncreaser.com) you still put yourself in a better position than if you made no decision at all!  

In most cases it will be your decisive (right) action on a consistent basis that will take you where you need to be!

Your goal should be to make the right decision as that is where you want to be.  The worst action you can take is to do nothing and continue on a path that is not well planned or worse yet not planned at all.

If you truly desire to build wealth more efficiently you must make your mind up to make timely decisions and relentlessly pursue your goals!

You also want to have a “financial mindset of resilience®” as you must know or have a feel for how you will hold up when you run into challenges along the way.  A recent history (consistency) of doing what you stated you would do will serve you well if you are now serious about managing your credit and finances.

When difficult stretches occur in your life that seem to stress you to the limit will you have the character to continue on and continue doing what needs to be done to the best of your ability?

Your dilemma within your mind at that time will be: 

• do you desire progress or
• will you choose to make excuses

Stir your creativity within your heart and mind, dream big within your heart and mind, develop a financially alert mind® and start on a continuous path to jumping over the financial hurdles in your life and achieving wealth more efficiently.

Generally, adverse financial predicaments are more likely to occur to those who fail to plan, those who are immature and fail to look at effective ways of managing their finances, those who continue to ignore their finances despite numerous warning signs, those who are indecisive or fail to take action after they make the right decision—and those who are insecure about their financial future.

You must believe in yourself, your future and your written plan of action that will take you to where you desire to go.  You no longer have to cheat your way through life or live idly for the moment!

You were placed on earth to create something unique and be a blessing to others.  You have the power within you to build and create the type of future that you desire if you get started without procrastination.

You must use the strength, character and action mindset that you now have or will soon have to see what you desire with clarity.  You must know what you want to have in your life, and you must actively go after what you see—to benefit yourself, your family and society.

You are who you are—embrace who you are and bring something new to the world.  Everything that you need you possess inside.  Now is the time that you learn how to use what you possess on the inside to your best advantage.  Now is the time that you decide to be greater at being you as your goal must not be to do as others do.

Make the decision now to not let your hurt feelings, your past disappointments or any other factor stop you from making the decision to take charge of your finances and build wealth in a more intelligent, consistent and proactive manner.

All the best to your decisiveness toward achieving major success…

More on decisive action and wealth building…

Return to Top

Return From Decisive Action & Wealth Building to Who is the creator of TheWealthIncreaser.com

Return From Decisive Action & Wealth Building to About The Wealth Increaser Page

Copyright® 2014-2023—The Wealth Increaser—All Rights Reserved

Learn How Increasing Your Confidence Level Can Help You Build Wealth More Efficiently

It is imperative that you have confidence in your abilities and your future success.

The fact that others may have confidence in you is of no real significance if you lack confidence in yourself, your financial future or any other area of your life.

You can do anything and everything that you are called to do—if you believe you can.  If God calls you to do something you are already enabled and equipped—even if you don’t at this time know it!

If you have confidence about your future you are well ahead of those who lack confidence.  However, if you have an effective plan for success and an unwavering confidence about your future—you really put yourself in position for achieving your goals.

If you now lack confidence you can gain confidence by putting together a written plan that will take you and your family to where you need or desire to be.

It is of the utmost importance that you operate daily with a high level of confidence so that you can meet or exceed the threshold that you set for yourself and your family!

You can never lose doing what you were born to do!  When your mind is tired—it throws you off.  You will gain by resting!

Likewise, if you approach your daily actions with a lack of confidence—your future goals will be thrown off.  You will gain by gaining confidence!

There is a penalty to be paid when you are called to do something and you don’t respond!  You are not inadequate—what you need will be provided to you if you confidently take action toward your future goals!

If you do, say, act on and really go after your future goals, you will be equipped for what you are “called” to do!  Don’t quit in the face of rejection!  Never quit, never give up—you are called to do something beneficial for humanity!

You have the capacity to do anything or whatever you are called to do.  Don’t let your past or present be your future by staying where you are currently at!

Position yourself for success now!  Your perception of how you will reach your goals are critical for your future success.  Wherever you are now at—and whatever is going on in your life can be improved upon and it all starts with you having confidence that you can do what needs to be done.

In the area of personal finance and wealth building you can improve your confidence  and reach your goals more efficiently by knowing what needs to be done on a daily basis to reach your goals and acting on what you know—so that you can get positive results that will show!

In order to manage your finances with confidence you must know:

How to create a budget or cash flow statement at a minimum…

How to manage your credit effectively throughout your lifetime…

How to manage all areas of your finances…

You have gifts, talents and abilities that are all your own!  It will be your endurance and high level of confidence that will bring your gifts, talents and abilities out.  You must pursue success at the highest level that is within you once you gain the confidence and you see a clear path to the success that you desire.

Get out of your safe zone and see your future with confidence!

You no longer have to go up and down and round and round—the success that you desire can now be found.

You no longer have to struggle if you pursue your life purpose, and you have it in your heart to sincerely look at and pursue your future from a different point of view.

Even though what you desire may now be inside of you in seed form—you can water and nourish what you desire and achieve success step by step.

All that is deposited within you can give birth to something new and something big.

Be sure to deposit confidence at a high level within your heart and mind!

In spite of pain and discomfort you must push harder, ascend higher and achieve more.  You can live your life where “success is in motion” on a consistent basis if you take “pre-emptive action or you utilize a proactive approach” toward reaching your goals.

Your best years are yet to come if you take the right actions or the actions that will lead toward your goals and not away from your goals.

Your confidence can be improved if you plan your future with others or you have a person in your life whom you are accountable to for reaching particular goals that you may set.

When you are operating with confidence the negative opinions of others don’t—or won’t matter.

Even though the opinions of others may hurt you for a period of time—they won’t matter as far as your future outcomes are concerned because your high level of confidence will be the difference in your approach toward your future.

By operating on a daily basis with a high level of confidence you will get the best out of yourself and worry, anxiety, fear, frustration, lack of effort and excuses will no longer be present in your life or the presence will be at a minimal level and your future outcomes won’t be negatively influenced by those factors.

Always remember that as long as you are willing to settle for less—you will get less!  Get up now and change your approach and change your future outcomes for the better.

Now is the time that you gain a critical mass within your mind of the success formulas that are needed to take you toward major success!

Now is the time that you look more closely at the nuances of any situation that you have faced, are now facing or you anticipate facing—whether it be with your finances or any area of your life.

By operating on a daily basis with a high level of confidence you will feel free from fear and anxiety and you won’t be afraid to fail due to fear.

Your overall perception and secure view of your future will give you the confidence that you can take the right actions and achieve your desired outcomes.

Even when you face fear you will operate with a high level of confidence and you will still move to action in the appropriate manner because you will have the courage to overcome your fear—whether perceived or real!

You too are called to do something big while here on planet earth and it all starts by you looking for—and responding to your calling—whether it be improving your finances, achieving any goal that you desire or doing what you were put on earth to do on a daily basis.

Starting today look for and respond to your calling with a high level of confidence.  By doing so your harvest will come in due time and your experiences on planet earth will be as rewarding and enjoyable as possible.

By operating with a high level of confidence on a daily basis you will do more for yourself, your family and others and your growth will be at a pace higher than you ever imagined.

You no longer have to approach your future in a “cowardly manner” if you decide today to put in the work and operate with a high level of confidence in all that you do.

At birth you were blessed with unique gifts, talents and abilities that only you possess! 

Now is the time that you confidently pursue your life purpose and “act on” your unique gifts, talents and abilities so that you can play your part in making the world a better place than it was before your arrival!

Return from Confidence & Wealth Accumulation to About TheWealthIncreaser.com

Return From Confidence & Wealth Accumulation to Who is the creator of TheWealthIncreaser.com

Copyright© 2014—2021–TheWealthIncreaser.com— All Rights Reserved

Learn How—Focus, Commitment & Effort—Can Help You Reach Your Goals…

Lay it all on the line, pursue your goals in a spirited manner—with passion, enthusiasm, zeal, energy and the personal magnetism that is all your own!

Zeal

Attention

Personal Magnetism

Motivation

Energy

ZAP ME  you Say…and I hope that it comes

If it was only that simple…we would all have those qualities 

Actually, goal setting and obtaining the above qualities require a concerted effort on your part…

The wrong actions of others should not bother you—however, the wrong actions that you take should bother you!  You control your future and you decide the amount of focus, commitment and effort that you will exert on a daily basis.

You must pursue your goals with zeal and you must pay attention or focus on what is important in your future!  What is motivating you at this time to give it your absolute best?  As the creator of TheWealthIncreaser.com just 12 months ago (May 3rd 2015) I utilized that same approach to stretch my mind and achieve more by setting significant goals and doing my best in terms of focus, commitment and effort to reach those goals.

By doing so I was able to meet several significant goals (leaving all excuses behind) that I had set for a twelve month period and accomplished them with 2 days to spare.  By formulating those goals and seeing them already accomplished and putting in the required effort the atmosphere for them to materialize was created—and the actual goals were achieved.

It is imperative that you realize that nothing major occurs until you leave excuses behind! 

Even though TheWealthIncreaser.com is a site that is designed to inspire and encourage you to do more in your life—the focus, commitment and effort that is needed for you to achieve your goals MUST come from inside of you.

Enough about the creator of TheWealthIncreaser.com, let’s now discuss how you can improve the focus commitment and effort in your life and achieve the goals that you desire more efficiently.

Don’t continue to hinder what you can accomplish by setting limits within your mind!

You must not let your past circumstances (or current circumstances) put out the light and dim your dreams!  You must AIM high in spite of where your mind and heart currently resides—and reload and fire again in spite of failure or less than desirable outcomes.

Success must be your barometer and guiding principle in your life and you must not let anything—or anyone deter you from moving to action in a manner that takes you toward the success that you desire.

Something big and beyond what you think you can do lies in the horizon.  Don’t lose that vision that you have inside of you to do something big during your lifetime.

Determine right now to set major goals and make the decision to never quit until you achieve them.  Your hope and vision of your future must be made real by you by visualizing it—and taking real steps (focus, commitment and effort) toward truly achieving your vision!

Hope and vision is seeing—action is responding appropriately to what you see.   Actuality is experiencing in real time what you hoped for and visualized!  Unleash the force that is within you!  Give your hopes and vision a real chance to materialize in your life by moving to action on a consistent basis from this day forward.

If you get an “active mindset” and not follow the crowd you can do more in a day than many do in a week—not because you are so great but because you put in motion a plan within your mind to take consistent action and you followed through on that plan in a sincere manner.

If you lack the ability at this time to take action you can develop the ability to take consistent action if you desire to do so.  However, the decision to do so must start inside of you—and it is your participation that will make your goals and dreams come true.

It is important that you realize that the life that you live can be improved significantly if you make a sincere and determined effort at this time to raise the bar and pursue more on a daily basis.

There really is no stopping a mind that is made up and that is focused, committed and willing to put in the required effort on a daily basis.

What is your motive for going after what you truly desire in a more focused manner and achieving what you truly desire?  Challenge yourself to utilize your mind, body and soul at a higher level—daily—right now!

If you take the first step you will find out that the power to do what needs to be done is already within you—just waiting for you to make a sincere and focused effort at achievement.

Pursuing your goals in the right manner will not cause you to feel miserable no matter how adverse your situation is because you will see your goals clearly and know that the outcomes that you desire will occur.

Always realize that you can’t correct that which you are unable or unwilling to confront!  What you may now feel is impossible is possible if you allow your mind to dwell in an environment where all things are possible.

Just as TheWealthIncreaser.com and the success of this site at inception was brought into existence by having the focus, commitment and effort that was required on a daily basis that was necessary to make this site a success— you too can do the same with your hopes and vision—in your area of choice!

How you see your current situation and future success is critical!  If you can’t see the other side of the mountain (your future situation) you must get a better view by rising up (flying over) and looking over the mountain—then you will see the other side and know how to get there much more efficiently.

Likewise if you get a better view—and you can see or visualize a better path to your future financial success—you can also get there more efficiently!

Change your position, change your view and change your future by approaching your future in a more intelligent, consistent and proactive manner—whether it be with your finances or any other area of your life.

The way that you are looking at your current finances may be from a limited view because you don’t have a comprehensive approach where you can see over the mountain and “know” the best way to go over it.

By changing your view you will be on your way to getting the outcomes that you desire on a more consistent basis.

You can get a full view of the mountain, forest, rivers and anything else that may be obstructing your view (future). 

If you get a full view (comprehensive picture) of your finances—you will not only see your outcomes clearly—but you will work even harder to bring those outcomes into existence because you will take the right actions to get momentum rolling to actually make what you desire materialize more efficiently.

TheWealthIncreaser.com is designed to create excitement, movement and provide you a way of focusing on your future in a manner that will allow you to achieve your dreams more effectively.

It is the hope of TheWealthIncreaser.com that this discussion and site will actually achieve those aims…

In the end realize that there is a lot that you can do to improve your credit and finances.  Also realize that there is a lot that can keep you where you are now at.

Are you trying to rationalize your inaction at this time or are you ready for a challenging but more rewarding future?

What have you done for not only yourself but others as well?   In the end—it is how you affected others on planet earth that really counts!

Set some meaningful and significant goals today and go after them with all of the gusto that you can muster up inside.

The success that you desire—will take you higher…if you visualize your future and put in the focus, commitment and effort that is required!

It is the desire of TheWealthIncreaser.com that you take action and start on a path toward achieving your dreams more efficiently whether by the effective use of this site or any other method that you feel is appropriate.

Now is the time that you not only hope for successful outcomes but now is the time that you believe in yourself like never before and know deep within that without a doubt something good is going to happen in your life on a daily basis.

Decide right now to start on a path of living with joy on the inside, living with high spirits on the inside and feeling good about your future on the inside—and the outside.

By doing so your journey to success will be a much smoother ride!

Who Is The Creator of TheWealthIncreaser.com

Faith In Action–What It Really Takes to Achieve What You Desire

Return To About TheWealthIncreaser Page

Copyright®  2014-2025—The Wealth Increaser—All Rights Reserved

Wow!  What a highly productive month as the creator of TheWealthIncreaser.com has been quite busy.  Fortunately, I looked at the calendar today and realized that the month of March was almost over and TheWealthIncreaser.com had not created a single article this month.

After writing the most recent post prior to this one (Momentum & Wealth Accumulation—be sure to visit that page) I must say TheWealthIncreaser.com has been riding momentum all month long as this month has been one of the most productive and encouraging months—in spite of not creating a single new article—until now.

It is important that you put forth the required effort when you are trying to move forward in an efficient manner.   You must realize that 99% won’t do when you are on a serious and sincere path toward achieving your dreams—and actually making them come true.

You must use a 100% proactive approach if you are to get results that are beyond reproach.

It is important that you realize that you can achieve far more by knowing what needs to be done on the front end and acting on that knowledge in a timely manner as it is critical for your future success.

Wealth Accumulation and addressing your financial issues often requires research on your part.  You must be proactive towards bringing into fruition the reality that you desire.

It is important that you research not only this site, but all sites if you are looking for a new and more effective way to address your credit and finances.

Whether you are now moving forward in a prosperous and productive manner or your situation is not ideal you must come to grips with the fact that your situation is what it is.

Whether you lack the income that you desire, are currently losing money, are currently in need of more income—or even on track toward meeting all of your goals—you must realize that you can achieve even more!

You can change your opinion of your current circumstances and more importantly actually change your circumstances by discovering more possibilities by:

• Researching information that addresses your financial concerns

Isn’t it time that you create something new, do something new, and achieve more on a daily basis?  Isn’t it time that you pursue new and empowering ways of accumulating wealth that speaks to what you desire in your future.

It all starts by finding the best resources available and utilizing them in a manner that best fits your and your family’s goals and aspirations.

• Designing a plan for success

Isn’t it time that you create something new and achieve more on a daily basis?  Isn’t it time that you do something unique that only you can do.  No one remembers the same stuff that has already been created.  Isn’t it time that you chart your own path toward success!

You must put together a plan that is doable, understandable by you—and will provide you the pathway towards success that is clear, focused and more importantly will get you the desired results.

• Doing what needs to be done to the best of your ability

Isn’t it time that you do what needs to be done at a level that is the best within you!    Isn’t it time that you do something unique that only you can do.  Isn’t it time that you achieve at a level you never thought possible.

Whether it be accumulating wealth at a level that allows you to do what you desire to do in your future or creating something totally new that can leave a lasting imprint, you must have a daily mindset to do what needs to be done at a higher level—and the best that is within you.

Final Thoughts on Why You Must Give 100%

When you have a higher calling, which you have—you don’t look back and feel sorry for yourself. 

You must not let negativity slow down or repel what is already in motion.  You must not put off in your mind and tell yourself that what you desire most won’t happen! 

Your future success is what is important as you—or TWI can’t do anything about the past!

You must identify what is holding you back and moving you forward in your life, whether it be financial or otherwise so that you can win.  You can’t win unless you know where you are coming up short at and decide to do something positive about it.

You must rethink, analyze and properly diagnose within your mind and heart what is causing you to not operate at 100% of your ability.  That 1% slack in your daily effort could be the difference between unlimited success or you continuing to operate at the same level and hoping the situation will take care of itself on its own.

Your ability to properly define your goals at this time can provide the nucleus or stepping stone for you to utilize the power that you have inside to determine your own destiny.  Now is the time to isolate in your mind the type of future that you desire and focus on a future that puts you in position to move forward effectively.

Your dominant thoughts on a daily basis must be of success and you must have a clear picture within your mind of how you will achieve that success.

Your approach, attitude, skillful use and “knowledge and understanding of the pages on this site” can prepare you for the type of successful living that you desire.

Do you have an appetite for success, a hunger, thirst and deep desire to move forward in a serious manner?

TheWealthIncreaser.com has the immediate goal of helping you get there in a more intelligent, consistent and proactive manner…

Enjoy your successful future as TheWealthIncreaser.com is certain that you are on a serious path toward success!

Return To About TheWealthIncreaser Page

Copyright®  2014-2016—The Wealth Increaser—All Rights Reserved

Learn about 2015 Tax Changes and tax moves that you can make for the 2016 tax year and beyond…

With the tax season holding a special place in my heart due to it being the catalyst for my (and TheWealthIncreaser.com’s) personal finance career, I felt that now was an appropriate time to discuss tax planning for 2016 while at the same time discuss tax changes that have taken place for the 2015 tax season that you can benefit from as you complete your 2015 taxes.

Although no major tax changes occurred in 2015 there were several that are worthy of discussion.

In this discussion I have attempted to make the understanding as simplistic as possible as I realize that those in the tax industry can make the discussion so perplexing that you–and others will often run away from the discussion–as opposed to grasping the discussion.

It is the desire of TheWealthIncreaser.com that you fully grasp this discussion and go on to achieve great success in your and your family’s future.

The personal exemption amount that you can deduct has increased:

Exemption amount:

That amount that you can deduct for each exemption has increased. It was $3,950 for 2014. It is $4,000 for 2015.

Exemption phaseout :

You lose at least part of the benefit of your exemptions if your adjusted gross income is more than a certain amount.

For 2015, this amount is $154,950 for a married individual filing a separate return; $258,250 for a single individual; $284,050 for a head of household; and $309,900 for married individuals filing jointly or a qualifying widow(er).

See Phaseout of Exemptions:

Here are two types of exemptions you may be able to take:

• Personal exemptions for yourself and your spouse,

• Exemptions for dependents (dependency exemptions)

While each is worth the same amount ($4,000 for 2015), different rules apply to each type.

Personal Exemptions

You are generally allowed one exemption for yourself. If you are married, you may be allowed one exemption for your spouse. These are called personal exemptions.

Your Own Exemption

You can take one exemption for yourself unless you can be claimed as a dependent by another taxpayer.

The tax season often brings anxiety and confusion for many taxpayers.

With the tax laws seeming to shift constantly from year to year many taxpayers fear owing more or receiving less—and over the years we have found that anxiety in the lives of many is real.

Based on that real knowledge this page was created in a real attempt to alleviate as much of that fear as possible as it is often a fear that should not be present in most.

It is important that your accountant or tax professional keep you up to date during the year so that you can plan more effectively and reduce your annual taxes.

With no major new tax legislation making headlines in 2015, you might take a more relaxed approach to tax planning.  That can often be the wrong move!

It is important that you plan year round and January is a great time to gather your tax documents for the current year and also plan for next year’s tax season.

By doing so early you can potentially plan the necessary actions that will reduce your taxes for the 2016 tax year—and reduce your taxes when you complete your taxes in 2017.

It important that you realize that tax laws are always changing, even if it is as minor as keeping up with inflation adjustments.  Some tax laws are tweaked every year, and provisions of tax laws that have been in place in past years are often tweaked by Congress at year end.

Some will normally be phased in, extended or eliminated and there can be uncertainty about which tax breaks will be extended even if you plan early in the year—and throughout the year.

2015 Tax Rates & Exemption Schedule from the IRS

Here are some of the changes for 2015 and beyond that will potentially affect you and your family:

Steeper Health Insurance Premium

If you didn’t have health insurance in 2014, and you didn’t qualify for an exception to the penalty, the consequences were that you may have paid $95 per person or 1 percent of your household income, whichever is greater.

In 2015, you’ll pay $325 per person, or 2 percent of your household income, whichever is greater.  That’s a pretty steep increase.

Possible Solutions:

Even if you qualify for one of the many exclusions, you may not know that some exceptions require you to apply for a certificate from the state or federal marketplace.

You should apply for a certificate early so that you have the required exemption certificate number when you prepare your return.

You can also consider enhancing your skills and work on finding a new employer who offers health insurance—or if your current income allows it, or you otherwise qualify—search the public and private marketplace for appropriate and affordable health care for you and your family.

Use IRA Rollovers with Caution

The glory days of giving yourself a short term (60 days) loan on multiple occasions no longer exists. Using an IRA Rollover was an easy way to “borrow” retirement money for up to 60 days.

You could withdraw money from one IRA and wait up to 60 days before you moved it into another IRA.

Possible Solution:

As of 2015, you must limit borrowing for 60 days to only once from an IRA in a 12-month period.  If you want to move IRA funds using direct “trustee-to-trustee” transfers,  you can still do that as often as you want.

Health Flexible Spending Accounts (FSAs) Have New Guidelines

The good news for you in 2013 was that if you were one who didn’t use all of your FSA amounts by the end of the year was that as of 2013, you could roll over $500 from an FSA into the next plan year.

Starting in 2015 and beyond, the bad news is that you will be ineligible to participate in a Health Savings Account (HSA) for the year into which you rolled over an amount from a general purpose FSA.

Possible Solution:

Plan well in advance and do your best to use (spend) all of your contributions for the year by December 31^st of the current tax year.

Foster Care Payments for Relatives may be Excluded from Income

If you are paid to give non-skilled medical support services and care for a person, living in your home, who has physical, mental or emotional issues, and you receive payments from the state or certified Medicaid provider, those payments can likely be excluded from your taxable income.

Previously, a relative could not be considered a foster child, and the income could not be excluded.

If this new exclusion applies to you—make sure you use the income exclusion  when you file your taxes in the future!

Finally—Higher Education Good News

Pell Grants can now be allocated as living expenses.  Yes, that is correct!

Doing so may increase the amount of education expense, such as tuition, that you (or your parents) can use to claim one of the education credits.

myRAs are Now Available

My Retirement Account or better known as myRA are new introductory retirement accounts and are now being offered through employers.

The myRA, or “my Retirement Account,” charges no fees and offers modest, guaranteed growth.

That’s a plus for risk-averse clients and those who are new to investing.  You can start a myRA with just $25 and add as little as $5 at a time.  When your accounts are worth $15,000,  you must roll them over into private-sector Roth IRAs.

Possible Solution:

If you do not have a retirement plan in place—this new product offers you a relatively painless way to get started.  Be sure that you properly establish an emergency fund and pay off or pay down your outstanding debt prior to or while contributing to this plan.

Inflation Adjustments

It is important that you realize that many areas of the tax code is adjusted for inflation/deflation.   These annual inflation adjustments for 2015 (some that are listed below) may affect you in a positive or negative way.

Possible solution:

Be aware of  all inflation adjustments and plan appropriately for those that affect you and your family

• Standard deduction.    The standard deduction inches up to $6,300 for singles and married persons filing separate returns and to $12,600 for joint filers.  The standard deduction for heads of household is $9,250 in 2015.

• Higher income levels for limitation on itemized deductions.  You may see your itemized deductions limited if your incomes is at $258,250 or more ($309,900 for married couples filing jointly).

• Personal exemptions.  They’re now a flat $4,000. If you are a high-income earner, the exemption may be phased out.  The phase-out begins with adjusted gross incomes of $258,250 ($309,900 for married couples filing jointly).  Personal exemptions are phased out completely at $380,750 ($432,400 for married couples filing jointly.)

• 39.6 percent tax bracket.  This rate affects you if you are single and your income exceeds $413,200 ($464,850 for married taxpayers filing a joint return).

• Standard mileage allowance.  The business standard mileage allowance for 2015 is 57.5 cents per mile.

• The rate for medical or moving expenses is actually down half a cent, to 23 cents per mile. 

• For miles driven in service of charitable organizations, it’s still 14 cents.

• Alternative Minimum Tax exemption.  The AMT exemption is $53,600, or $83,400 for joint filers.

• Earned Income Credit.  The maximum EIC amount is $6,242 for taxpayers filing jointly with three or more qualifying children.  The maximum amounts for you if you have another filing status and a different number of children are also adjusted.

• Estate tax exclusion.  Federal estate tax planning is becoming less of a point for you, unless you are in the fortunate group with a sizable estate, as the estate tax exclusion continues to rise.  An estate can be worth $5,430,000 before it is subject to federal estate tax.

• Foreign earned income exclusion.  You may now qualify for an exclusion of up to $100,800.

• Employer-sponsored healthcare flexible spending arrangements.  The annual dollar limit on employee contributions to an FSA rises to $2,550.

The amount that you can give as a gift to any one person without filing a gift tax return is still $14,000.

In addition, the amount your clients can contribute to an IRA remains at no more than $5,500 in a traditional or Roth IRA.

If they’re age 50 or older, they can contribute $6,500.

Extended Tax Breaks

Tax preparers may get a surprise this year – permanent or temporary extensions of popular tax breaks long before the tax season begins.

By a 23-3 bipartisan vote, the Finance Committee sent a package of tax breaks for individuals, businesses, and energy production to the Senate floor in August.

Extensions for the following breaks are included in the package or were approved earlier in the year:

• Higher education tuition deduction.  You may still be able to deduct between $2,000 and $4,000 of qualified tuition expense.

• Energy credits.  This includes credits for home improvements that improve energy efficiency, such as heating and cooling systems, insulation and windows.

• Educator expense deduction.  Teachers can claim up to $250 of non-reimbursed classroom expenses.

• Commuting tax breaks.  The extension gives those who commute by train or bus the same $250 monthly tax break for employer-provided subsidies as those who receive employer assistance for parking costs.   The current mass transit deduction is $130 per month.

• Deduction for state income tax.  This deduction makes a huge difference to residents of states without a state income tax. This extension has already been approved.

• IRA charitable donations.  IRA owners at least age 70 ½ can still make tax-free donations of up to $100,000 from IRAs to certain qualified charities.

• Mortgage forgiveness exclusion.  If homeowners who are underwater on their mortgages have part of their loan forgiven by a bank, up to $1 million of the forgiven debt (or $2 million for couples) would be excluded from treatment as income.

• Research and development tax credit.  This has been extended for two years.

• Deduction for small business equipment purchases of up to $2 million.  This is extended and now includes computer software.

• Work Opportunity Tax Credit.  Those who own businesses can claim a credit equal to a certain percentage of wages paid to new hires of one of nine targeted groups, including members of families receiving benefits under the Temporary Assistance to Needy Families (TANF) program, qualified veterans and ex-felons, designated community residents, vocational rehabilitation referrals, qualified summer youth employees, qualified food and nutrition recipients, qualified SSI recipients, and long-term family assistance recipients.

• Energy efficiency tax breaks.  This includes a 10 percent credit for energy efficiency improvements to existing homes, and deductions for construction of energy efficient homes and commercial buildings.

Final Thoughts on Your 2015 Taxes & Your Future Tax Planning

As 2016 comes in, it’s now the time for the annual review of your taxes.  Now is the time to anticipate (forecast) your 2016 taxes – including 1098’s reporting mortgage interest or W-2’s from employers reporting your annual wages among others.

But while gathering documents for your 2015 taxes is important, equally important is the need to adjust your budget to account for changes in the tax code that take effect starting on New Year’s Day that will affect your 2016 taxes.

You have been paying taxes and making retirement contributions all year even though taxes don’t need to be filed until April!

You will soon know your 2015 tax situation and you can use that knowledge to plan for the 2016 tax year.  Will dependents be added to—or falling off of your 2016 tax forms?  Will your child be attending/graduating from college?  Will you or your spouse retire this year?

The above (along with many more questions) are the type of questions that you must ask yourself—and answer appropriately (along with your tax professional) so that you can get a jump on your 2016 taxes and have a realistic understanding of where you will stand when you file your future tax returns.

Use any and all of the above information in this discussion to make the right moves—right now—so that you can lessen the tax burden on yourself and your family so that you can live more abundantly in your future.

While there are a handful of last-minute strategies that you can use to play catch up on your 2015 tax obligations, the reality is that “now is the time” to start your tax planning for your 2016 taxes.

You must know your annual earnings or have a realistic projection—you must know your w-4 withholding, you must know your retirement contributions and you must know all of the other tax related actions that you plan on taking NOW or need to take NOW—that will affect your future taxes.

In addition, you must plan for one of the most difficult and disheartening experiences while here on planet earth—the loss of a loved one.

No one has experienced this at the level that I have (subjective opinion) as I have experienced the loss of my younger brother who looks just like me, my mentor, my God Mother and countless others over the years—including my Aunt and one of my closest friends within 30 days of this discussion.

As painful as it may be, you will more than likely at some point in your life have to utilize the following forms.

• Decedents – IRS Tax Topic 356

• Survivors, Executors, and Administrators – IRS Publication 559

Statement of Person Claiming Refund Due a Deceased Taxpayer (Form 1310) (PDF)

Now is the time that you seriously consider separating yourself from the crowd and get started now on a successful path to tax planning—and financial planning in general—by approaching your taxes in an intelligent, consistent and proactive manner.

By doing so you enhance your and your family’s WEALTH BUILDING FUTURE—IMMEDIATELY!

The above article was written by Thomas (TJ) Underwood  on January 17, 2016.  Thomas (TJ) Underwood is a licensed real estate broker in the state of Georgia and is the writer behind The Wealth Increaser, Home Buyer 411,  Home Seller 411, The 3 Step Structured Approach to Managing Your Finances, Managing & Improving Your Credit & Finances for this MILLENNIUM and CREDIT & FINANCE IMPROVEMENT MADE EASY—FREE GUIDE. 

He is the creator of TheWealthIncreaser.com where he regularly blogs about helping consumers improve their credit, finance and real estate pursuits in an intelligent, consistent and proactive manner.  He’s always looking for ways to make intelligent finance improvement happen for those who “sincerely desire” success in their future.

You can contact him from a number of sources but the most direct way is to contact him through Realty 1 Strategic Advisors Website.  You can also get highly relevant tips on “living your life more abundantly” and possibly earn revenue at the same time by linking to TheWealthIncreaser.com.

 Return to About The Wealth Increaser

Copyright®  2014-2016—The Wealth Increaser—All Rights Reserved

2015—WoW, what a year! As 2015 came to a close in what appeared to be a great year from all angles at TheWealthIncreaser.com, shock struck me as the news of my dear friend, Maria Pereira, making her transition (less than twelve hours ago at the time of this writing) was brought to my attention. One of my closest and sincere friends over the past twenty-five years or so is no longer on earth—yet her spirit lives on—and I am at this time having a difficult time facing the reality of it all.

Those of you who have been following this blog and my other blogs for years know that 2010 was also a bad year for me as I lost both my younger brother and my mentor within months of each other—and in the subsequent year or so lost my God Mother.  As difficult as those times were, are, and continue to be—it is important that you have the attitude that you will continue to move forward and be the absolute best that you can be while here on earth—for this relatively brief time.

Hopefully you will find some inspiration in this discussion that will spark something on the inside of you that will start you on a path that will lead you to give it all that you can if you are not now doing so—and be all that you can be while here on planet earth—as you journey toward your destiny and purpose for being!

Refreshing Your Mind For Success—What You Can Do Now to Achieve Success in 2016 & Beyond…

Learn how you can be a “lightning rod” for success for your family and others by taking the right action on a consistent basis…

As 2015 comes to an end in what has seemed like blazing speed, I knew I had to come up with an inspiring and uplifting topic that would not only inspire and motivate you to do much more in your future, I also had to come up with a topic that I could come back to again and again and find inspiration that could inspire me to reach higher heights as well.

Even though the words that you are about to read are originating as I hit the typing keys, I have faith that I will achieve both of the objectives listed above.

First and foremost it is important that you realize that you must take actions that will make things happen for you and your family. Your works must speak for you and your family and the words that you read on this this page and site—must be made applicable to your and your family’s future—by you, if you are to gain the maximum benefit from this discussion and site.

2016 and beyond is the time that you move forward and transform your mind and put your mind in position to take the right actions on a more consistent basis. Don’t let the words that you are reading die on this page or site—put them into action (just as I will) to reach higher heights in your life.  Start or continue on a serious path to achieving  winning success in all areas of your life that you desire to achieve and win in!

As you pursue and reach your goals—it is important that you realize that your life is not defined by what you are now worth—but more so by your attitude toward your future and your intentions on putting in place a serious path to success that you will not only follow—but you will utilize appropriately in a manner that is unique to you and your family if you desire to really make your dreams come true.

Don’t slow down or lessen your pace—now is the time to accelerate your pace and move toward what you desire in an even more focused and determined manner!

Your life experiences are really what is important when it is all said and done and now is the time that you start experiencing life more abundantly and enjoy your future in a manner where you can direct your moves in a manner where you are in control—on a daily basis.

You must be productive and count for something while here on planet earth—2016 and beyond is the time that you actually make it a reality as no one can now stop you—except—you!  You must refocus your mind to do more—not less while you are here on earth for this relatively brief time.

2016 is the year that you refresh, renew and if applicable restore your mind for continuous success by giving your absolute best.  Do the best that only you can do—and let God do the best that only he can do!

You were put on earth to not only reward your senses—achieve the success that you desire—and reward yourself appropriately, but you were also put on earth to be a blessing to others.  2016 and beyond is the time for you  to put a plan in place to leave a lasting legacy and help others along the way—as you continue to excel in your area of expertise.

After over 20 plus years in the personal finance industry I have found that coming down on and condemning the wrong financial moves that consumers make is not the best approach and will not cause the change in behavior that will move them toward their goals more efficiently!

However, a solution to their issue that is written or presented in an intelligent, understandable and uplifting style will often cause them to change their actions because they can readily see and understand in clear terms what is being said in a manner that they can relate to.

If you have not adequately addressed your financial concerns or pursued new ways that you can achieve real success in a more efficient manner—you can now learn how to do so in a wiser manner by focusing on—and achieving success at the level that you desire from this day forward.

In today’s economy it is imperative that you control your behavior and take the right action on a daily basis that takes you closer to your goals. It is important that you do what is good and what you are led to do (your life purpose) and always realize that opposition is in place against anything that you really want to come true.

We are all redeemable, this site is a platform for those who are willing to sacrifice some time now (utilizing your valuable time to look at new ways of reaching your goals)—to achieve what they really desire later. Your quitting must never be an option in your mind and you must keep on moving to not only better yourself and your family—but others as well.

Due to the success of this site The Wealth Increaser could be mesmerized, however TheWealthIncreaser.com and the focus since inception has not been fogged by the success of this and other sites as the focus and discipline that is needed to do what is necessary on a consistent basis was formulated early—and this site has not and will not waver from its intended goal.

Over the years I have realized that just knowing the right way or a better way to manage your finances brings comfort to the hearts and minds of those who truly receive the information and apply it in their daily life.

Did you know that uncomfortable situations are often the birthplace for you (and others) doing something really big?

Your consistent thoughts in the right direction along with a real heart-felt willingness to achieve the success that you desire is really the nucleus for you attaining that success. Whether you choose to use this site, other sites, financial planners, books, audio, video or other means—the real path to success begins—and ends inside of you!

In 2016 and beyond do something that is cutting edge and different (whether utilizing this site to find a new and inspiring way to look at your financial future) and bring into existence something that is new, exciting and beneficial to humanity.  From 2016 onward—you must know in your mind and heart that you are ready, you appreciate what is about to occur—and you realize that it can only occur by you taking the right action on a consistent basis.

Your “mental environment” (where you spend the majority of your mental thoughts and activity) and the choices that you make on a daily basis will either hold you back or move you forward. In 2016 and beyond it is imperative that you have “dominant thoughts” that are uplifting, righteous and takes you and your family in the direction that you need to be going!

You are a product of your environment—your mental environment is often the most critical environment—even if you are in an adverse physical environment—you can overcome that environment by using your willpower and determination to do just that.

That is not saying the process will be easy!  Likewise improving your mental environment may not be an easy task—but you can do so with the right focus, determination and a plan of action that you will not waver from.

What direction are you walking in?  What direction are you talking in?  What direction are you thinking in?  Are you making your life count?  

Are your thoughts of escapism and running from what you face on a daily basis—or are you boldly approaching your future in a manner where success is the only outcome that is possible?

Don’t be confused by the mixed messages that are often communicated in the personal finance industry! 

Utilize your mind and thought process to acquire the needed skills that are required to manage your finances on a daily basis in this economy—or any economy!

Always realize that if you focus on doing your best—you can achieve lasting success.

But how can you put yourself in position to do your best?  In this current economy of information exchange it is important that you realize that how we relate to each other has improved.  What has not improved is the fact that scammers are all around you!

It is important that you do your “due diligence” in all areas whether you are utilizing this site, other sites, books, audio products, video products, financial planners or any other source.

As you read this article you must realize that intention without corresponding action will bring you no real satisfaction—and that is as it should be.  You must take positive consistent action and realize that you can never go wrong if you take the right actions consistently.  Every choice that you make in your life originates inside of your mind and heart.  What is your motive for doing the right thing?  Right Now and throughout your lifetime!

You can find out how you can live more abundantly by seeking out better ways of managing your finances (or any area of your life).  The information on this site—or any other site is not going to fall out of the sky and land on your brain—unless you seek to meet the landing!

Anything of significance will take effort on your part and it is imperative that you seek out a better future.  The Wealth Increaser believes that the success that you desire is now within your reach!

After (and while) you achieve that success the best way that you can say Thank You from TheWealthIncreaser.com’s perspective—is to help someone else as they journey here on planet earth.

For 2016 and beyond your love, patience, kindness and helping hand can be the nucleus to getting someone else started on a serious path to success—just as we are certain that TheWealthIncreaser.com has done for you—or will soon do!

Helping others in the right manner is what is really important!

However, you don’t have to shortchange yourself and your family along the way—if you make the choice to give it your best in 2016 and beyond—today!

It is important that you hear and receive all of the information that your brain processes in the right manner so that you can use your mind appropriately and grow mentally.  You must be thoughtful, critical, curious and analytical—as you go through life from this day forward—and throughout your lifetime.

By doing so your and your family’s future will be much brighter in 2016—and beyond.

Return to Top

Return to About The Wealth Increaser

Copyright—2014-2021—TheWealthIncreaser.com–All Rights Reserved

Originally published in 2015 and updated on 11/10/24

Learn why challenging yourself to do more is the starting point for actually doing more…

TheWealthIncreaser.com realizes that we are living in difficult times and many visitors to this site have an uncertain feel about their future—whether it be financial or otherwise.  This discussion is about how you can take bold action at all times and achieve what you desire in your future.

However you must challenge yourself to do more!  Responding positively to any and all adversity that occurs during your lifetime will build you like steel—strength is gained, a series of adverse happenings in your life may occur to humble you!  You make think it is over—but that is only the beginning as adversity often occurs on multiple fronts.

On many occasions adversity or unwanted occurrences in your life—is occurring to strengthen you like steel—so that you can never fail in the future in achieving something really BIG!

Challenge yourself  to do more and transform your current attitude toward your future by having a positive and bold outlook on what you will achieve in your future.  Don’t be satisfied where you now are!

The goal of this discussion is to get you to reach higher and achieve more while you are here on planet earth.

In this discussion you can  learn how to challenge yourself so that you can be successful (able to live at the level that you desire but you have no real concern for the outcomes of others) and do something of significance for yourself and your family.

However, you can also live at the level that you desire by challenging yourself to do more during your lifetime to improve the outcomes of your fellow humans in a real and meaningful way—so that they too can have outcomes that are beneficial and lasting as a result of the actions that you chose to take during your lifetime.

You can make the choice to achieve personal success AND focus on others and leave a legacy where others can succeed—even long after you are gone!

You can now pursue (go after, crave with all of your might) a path to success that has real meaning—however you must challenge yourself to do more at this time.  Ask yourself at this time what is most important and relevant to your and your family’s future—and put goal setting and proper planning in place to achieve the goals that you desire.

Ask yourself at this time what legacy you would like to leave?  Ask yourself at this time how you can put into action processes that can help others improve their situation while on earth?  Ask yourself what you are passionate about?

Put a plan in place to make it happen NOW—without delay!

Immobility is everywhere—don’t let it be a part of your personality!  

You don’t have to participate in idleness—if you choose not too!

Lack of effort is everywhere—however it does not have to be present in your life!   If you make the choice right now to do more and actually challenge yourself do more—NOW—you can put in the work to make what you desire occur much more efficiently than if you fail to do so!

Now is the time that you put a plan in place to bring into existence the outcomes that you desire.  Now is the time that you make the decision to never give up on your dream(s) and pursue them relentlessly!

Now is the time that you realize that time will move forward whether you challenge yourself to pursue your dream(s) with passion or you decide to do otherwise!  Time moves forward regardless and it is important that you challenge yourself to do more and you put in place a real plan to pursue your goals at this time.

If you do what you  are passionate about in your heart and mind, you can bring about new ways of doing things, new ways for others to achieve their goals—and bring into existence a new reality for your family, friends, loved ones, and society.

You must realize that you are already successful and you have something powerful on the inside that you must bring out and share with others—and you can do so at this time if you sincerely CHALLENGE YOURSELF at this time to bring it all out.

However, you must do it at your highest level of excellence.  You can then obtain the joy and satisfaction and also help others along the way (be of significance to others) in your area of expertise—or your life purpose—while here on planet earth.

You must resist the temptation to move in the opposite direction of your big dream!  

By being negatively influenced by others, feeling you are inadequate or undeserving, or feeling you lack what it takes to do what needs to be done—you limit the ability of your mind and heart to make big things happen in your life!!

Now is the time that you become uninterested in looking back at your past failures and now is the time that you become highly uplifted about your future and the significant success that now lies ahead in front of you that you now see in your mind and heart.

It is important that the influences that your mind receives are the type that can help you to make the right choices!

You have a right to choose the course of your future and challenge yourself to do more, good or bad.  You can choose to do so in a manner that is inspiring and uplifting and can take you where you need to be—or you can choose to do otherwise.

Now is the time that you see how success is achieved and now is the time that you too put a plan in place to achieve greater success and achieve at a level that you may have thought was unattainable.  You must contrast in your mind short-term pain versus long-term gain—look at the big picture—family, friends, society and where you truly want to go and that can help you make  better decisions and choices at the various stages in your life.

Challenge yourself to do more and you will notice the influences of others having a more positive and uplifting position within your mind—and in your life.

When bad things happen in your life challenge yourself to do more—and then put a plan in place and do more—no excuses allowed!  When adverse situations occur go even harder on a daily basis in all of your endeavors!

Reach deeper within and you can find the ability to achieve what you desire—heal and move forward at the same time!  Narrow the focus of your concentration by focusing on what needs to be focused on—and be sure to do it in an intelligent, consistent and proactive manner whenever possible!

Challenge yourself—deep within to do more right now and throughout your lifetime.  By doing so you can not only score—but you will be a winner once you walk out that door!

What you believe either helps or hurts you!  Notice what is going on around you!  Are you mentally prepared for future success?  Do you believe that the success that you desire for yourself, your family, and society will really occur?

Just as TheWealthIncreaser.com started as a small thought with a high level of inspiration and is now changing the lives of consumers worldwide for the better—so too can your vision occur.  If you at this time challenge yourself to do more you can  actually do more in what you are passionate about—and uplift yourself, your family, and humanity—along the way!

Do you know what you need to do and you are still not doing what needs to be done?  

Will you mutter and complain around those who you are around or will you decide to do something meaningful while you are here on earth?

Challenge yourself to go in a new direction and get out of your comfort zone.  The adverse situation that has happened in the past, is now happening or might happen in your future—may have occurred or is now occurring to take your life in a new direction—to direct you and put fire under you—to get you moving!

Challenge yourself to live through adversity, change for the better, transform your mind for the better—do the right things in the right way—and approach your future as bold as a lion!

Carve out a new path that is uniquely yours and make the world a better place.

A better way is ahead and what is in your heart and what has been revealed to you to make the world a better place lies inside of you?

What are you capable of—do you even know?  Adversity or challenges of life can often bring it out!   Adversity leads to patience—correcting of the wrong actions can occur if you challenge yourself to do more at this time!

Build and protect your future by responding positively to adversity on a consistent basis.  Do something meaningful for yourself, your family and society.

Pursue, go after and move about with all your might—until you get it right.

Ask yourself the right questions—ask what is most important and relevant in your life and how you can improve on matters of importance in your life?  Answer all of the above questions appropriately and challenge yourself to reach  new heights on a daily basis from this day forward.

And always remember that Immobility is everywhere—however you no longer have to participate.

Challenge yourself to do more in your life today—it is the desire of TheWealthIncreaser.com that you live out your life in no other way!

Return from Challenging Yourself to About The Wealth Increaser

Copyright©—2014-2025—TheWealthIncreaser.com