Homeowner Tax Breaks & Strategies

Posted on March 4, 2017 by TheWealthIncreaser.com

Learn how you can save on your personal taxes by using the tax codes and strategic maneuvering to lower your taxes that you pay to the IRS and other taxing authorities…

In the current economy it is important that you use the personal income tax laws to your best advantage. With the tax season roughly at the mid-point and the home buying season just months away TheWealthIncreaser.com thought that Homeowner Tax Breaks & Strategies was an appropriate topic to focus on at this time.

In the following paragraphs you will learn what you can do to lighten your tax burden and possibly achieve your goals in a timely manner if you are now a homeowner or you anticipate becoming a homeowner in the future!

If you are like most—focusing on your taxes is not a pleasant experience!

However, by focusing on and comprehending what lies ahead in your tax future you can possibly put yourself in position to experience more pleasurable moments in your and your family’s future.

Be sure to choose among the following strategies (if you see the benefit of doing so) and lighten your tax burden and achieve your future goals in a more efficient manner.

It is important that you find an approach to effectively manage your personal taxes in the current economy that works for you and it is important that you have some ideas—and knowledge about how you can lighten your tax burden that will move you toward your future goals in a more efficient manner.

Be sure to retain and utilize what you feel can help you achieve your dreams in a timely manner and run what you feel might work for you by your tax professional to see if any of the following tax strategies can benefit you and your family.

OK enough fluff—be sure to analyze how you can utilize the following strategies if you are now a homeowner—or you intend on being a homeowner in the future:

Mortgage Related Tax Breaks

You can deduct mortgage interest, points, PMI/MIP (a reduction in MIP of $500 for the average homeowner was expected this year in the United States but was abruptly cancelled with the change of Administrations) and your property taxes while you are a homeowner and have a mortgage and possibly property taxes even if you are not a mortgage holder.

You must itemize your taxes in order to claim the deductions and by doing so you will save in taxes on your federal and state returns. In some cases it may be to your benefit to itemize on your federal tax return even though you will get less back on your federal return by doing so.

The reason for doing so would be that you would get more on your state tax refund but less on your federal—but your overall total (overall tax refund of state and federal) would be more by itemizing. Many taxpayers take the quick way out and lose financially by not doing this analysis, thereby overlooking this potential option when it could possibly be to their benefit.

For example, if you will get $500 back on your federal taxes using the “standard deduction” as opposed to “itemizing” and $400 back in refund on your state tax refund using the “standard deduction” —your grand total is $900.

If you will get only $300 back on your federal taxes using the “itemized deduction” as opposed to utilizing the “standard deduction” and $800 back in refund on your state tax refund by itemizing—your grand total is $1,100.

Simple math tells you that you are better off electing to itemize—$1,100 minus $900 equals $200 more dollars in your pocket! It can be difficult to determine in many cases without actually “running the numbers” as state tax laws vary and all tax returns are unique. However “electing to itemize” might be something that applies to your situation and their could be potential advantages (primarily more cash in your pocket) for you.

Improvements in your Home (Targeted)

By purchasing solar panels, dual-paned windows, low flow plumbing, tank-less water heaters, and other energy improvements spelled out in the tax code you can possibly deduct them on your taxes if you itemize your deductions on form 1040.

Many home improvement energy related deductions are scheduled to expire in 2020 and who knows what will happen after that time. However, at this time you can get a tax credit (applied directly against your taxes) of varying amounts up until the 2020 tax filing season.

Tax Exclusion from the Sale of Your Personal Residence

Did you know that you can possibly exclude the sale of your personal residence from taxes if you utilized your home as your primary residence in 2 of the 5 previous years? If you are single you can exclude up to $250,000 of the gain and if filing as married filing jointly—$500,000 of the gain from the sale.

Therefore, if you purchase right—get a substantial appreciation in the price of your home and you decide that the time is right to move in a few years or so after the value of your home has appreciated—you could pocket a nice tax-free gain (be sure to run your plans by your tax advisor to ensure that you qualify).

The creator of TheWealthIncreaser.com has utilized this approach personally and with many past clients and there is some risk that is involved. However, if you are of the personality type that doesn’t mind moving frequently, or you plan on moving frequently for other purposes—this could be a great strategy that could work for you.

Be sure to purchase in a neighborhood that has an upward trend in home appreciation. Be sure that you know the risks and you have a properly funded emergency fund in place and little or no revolving debt so that you can reduce the risks involved for you and your family. Even so, there is no guarantee that after your home purchase—the value of your home will appreciate. Hopefully, you get the point and you can clearly see the potential of how you could actually use this strategy to build wealth.

Cancellation of Debt

Although not a pleasant use of the tax code or even an effective strategy for most (you probably lost your home) the “cancellation of debt provision in the tax code for mortgages” does lighten the sting of losing your home some as it could be even worse. If you are one who can use the 2007 Mortgage Debt Forgiveness Act to reduce or eliminate your tax burden—you must do so.

The 2007 Mortgage Debt Forgiveness Act was extended through the 2016 tax year, however future extensions are uncertain at the time of this post. If your mortgage debt was cancelled and the 2007 Mortgage Debt Forgiveness Act applies to your debt forgiveness you could legally avoid paying tax on the debt that was forgiven. Time limits apply for using this strategy so be sure you fall within the timeline of the act to take advantage of this strategy if you have received or anticipate receiving mortgage debt forgiveness in your future.

Homeowner Exemptions at the Local, County & State Levels

Did you know that many jurisdictions offer various “homeowner exemptions” that have the real effect of reducing or possibly eliminating your real estate taxes?

The exemptions vary from state to state—county to county—and in many cases city to city. However, they are available and it is your responsibility to search them out in your area and take full advantage of them.

Basic Homeowner Exemptions, Age Homeowner Exemptions, Military Homeowner Exemptions and many others are available. Again it is up to you to find and enroll in them as they are in many cases—not highly advertised. Most have filing deadlines, so immediately after your home purchase be sure to inquire. If you used a real estate agent in the purchase of your home, your agent should be aware of the filing procedure in your area.

Conclusion

Be sure you are aware of what you can deduct or utilize in other ways (tax strategies) at the local, county, state and federal level. Be sure to take advantage of all homeowner exemptions that are allowed in your jurisdiction that you are entitled to. All of the strategies or options discussed in this post require that you own your property as an owner (personal residence) and the strategies are not designed for rental or other non-owner occupied properties.

You must always realize that you have a unique tax filing position and what may be effective and work for someone else may not work for you!

For example, if your AGI (Adjusted Gross Income) is $70,000 and someone else’s AGI is $40,000 and you go out and purchase $20,000 worth of solar panels and the person with $40,000 AGI does the same—you may be in position to utilize the credit either partially or in full, while the person with $40,000 of income might not be able to utilize the credit at all.

This type of scenario can play out in many areas of the tax code—therefore effective planning with experienced tax professionals may be to your advantage.

Your income, family size, deductions, exemptions, education expenses, number of jobs, tax with-holdings, tax payments etcetera are uniquely your own—therefore effective analysis must be performed.

Be sure to put into action your new found knowledge about the Homeowner Tax Breaks & Strategies that you can possibly take—or make to ensure a more prosperous and productive future for yourself and your family.

As you move forward be sure to make a sincere effort to give it your best at all times and it is the desire of TheWealthIncreaser.com that this page has played some small part in empowering you to look at your tax situation in a more critical manner whether you are now a homeowner or you anticipate becoming one in the future.

It is important that you proactively look at your tax situation (you must get out in front of your taxes) and not look back “for answers” after you have encountered a difficult situation. If you do not take the initiative to proactively attack your tax situation or any other area of your finances–you are making life on earth much more difficult than it should be for yourself and your family.

Don’t be afraid to get planning advice on the front end (even if you have to pay as it can be money well spent) as most planners (or those who operate at the top of their profession) are aware of strategies that you may not be aware of.

It is the hope of TheWealthIncreaser.com that this page has sparked something within you to make you look at your taxes and finances in a different way, so that you can start on a serious path to achieving your dreams—starting today!

All the best…

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Learn about more “Tax Moves” that you can make…

Learn more about the Tax Benefits of Homeownership…

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Encouragement & Wealth Building

Posted on February 11, 2017 by TheWealthIncreaser.com

Encouragement & Wealth Building—Learn how you can use encouragement to achieve more and build your wealth more efficiently…

In a world where people tend to move forward cautiously it is important that you are around those who offer encouragement and those who want success for you and your family. You must move to action in a consistent manner towards your goals and an encouraging word or action by others could be what will propel you throughout your lifetime.

A smile at the right time, someone affirming that they believe in you and your abilities, someone showing you a better way to do something that is new to you and many other encouraging thoughts and actions can get you started on the road to success in many areas of concern in your life!

TheWealthIncreaser.com knows that an encouraging word by someone at a particular time in your life is usually what will stick with you and will help you achieve at a higher level.

The belief in you by others along with encouragement along the way is what can separate you from those who go through life discouraged and falling short of living in their life purpose.

You can also gain the right preparation and the right knowledge and encourage yourself along the way as you pursue your financial goals and objectives–and life purpose.

In this discussion TheWealthIncreaser.com will show you how you can use encouragement to achieve more and build your wealth more efficiently.

Furthermore, it is the goal of TheWealthIncreaser.com to encourage you and inspire you to do more throughout your life. Hopefully this discussion will achieve both objectives and will help you build your wealth in a more concise and lasting manner.

Even though the creator of TheWealthIncreaser.com is under the weather and suffering from a sinus headache at the time of this discussion—it is the desire of TheWealthIncreaser.com that the following paragraphs will provide life-changing encouragement for you throughout your lifetime!

How Can I Use Encouragement to Achieve More in My Life?

It is important that you either encourage yourself and/or you get encouragement (or the right advice) from others in the following areas of your financial life if you desire to achieve more throughout your lifetime.

Set Time Limits on Achievement

By formulating a time period for achieving your goals you are activating (encouraging) your mind at a higher and more urgent level of thought to take the necessary action on a more consistent basis.

You and/or your financial planner must put together a plan that will allow you the opportunity to achieve your goals and objectives in an agreed upon time frame based on your current inflow and outflow of cash on a monthly basis.

If your goals are not financial you still want to have a timetable for achievement so that you can activate your mind at a higher level on a daily basis.

Create a Written Plan of Action

You and/or your financial planner must put together a written plan that will meet or exceed your goals and objectives in an agreed upon time frame based on your current inflow and outflow of cash on a monthly basis.

A written plan of action is a far more scientific (and proven) way of achieving success and is far superior to just thinking (or dreaming) about your goals or what you want to do in your future and then pursuing your goals. After thinking and dreaming, take the additional step and put it all in writing–to improve your vision–or future sighting!

Set Meaningful Goals

You and/or your financial planner must set goals that are significant and meaningful and will really help you move the needle in your life toward the success that you desire or toward the success that you need to achieve. Don’t be afraid to “dream big” and have every intention on “achieving” that big dream!

Use What I Know to Achieve Results that will Show

You must use your current knowledge about credit and finance and “what you will soon learn by navigating this site” to really go after your goals with passion and zeal!

You must not half-heartedly pursue your goals!

You must use your past experiences, your current expertise and you must exercise the right approach on a consistent basis to achieve at a higher level of excellence!

If you possess powerful knowledge about how to manage your credit and finances and you don’t effectively utilize that knowledge—is that really powerful knowledge. Knowledge without corresponding action does not serve your best interest.

Conclusion

You must reach deep inside of your heart and mind and determine ways that you can use your mind and heart to achieve more during your lifetime. You must get the encouragement to do more from within and/or from the outside. By doing so you can begin (or continue) to move to action in the right manner in an attempt to achieve your goals in a timelier manner!

It is the opinion of TheWealthIncreaser.com that you can find more encouraging ways of reaching your goals by navigating this site on a consistent basis and looking deep inside of your heart and mind and making a sincere effort to see how you can do things better.

Look deep inside and listen to your inner voice that is speaking to you—when it has the potential to make your dreams come true!

The encouragement and inspiration that you need to succeed will often be found while you are in the process of formulating meaningful and significant goals after you have had an adverse event(s) in your life. TheWealthIncreaser.com has seen tremendous growth from those who faced adversity and responded appropriately to that adversity. That growth helped them achieve at a level that they had previously thought was unattainable and was out of their reach.

Don’t sell yourself and your family short by being discouraged about your financial future.

You must get to a point in your mind where you will always love, honor and believe in yourself and your future! If you don’t, why should others? You must use the encouragement of others or your own encouragement to get to a point in your life where “you” will move to action in the right manner–almost effortlessly.

Set lofty goals and go after them with gusto!

You must never give up hope, know that you can climb any slope and descend properly if you have the right rope.

In short, you can accomplish any goal that you set—if you believe you can—and you possess the necessary tools or you have the “right mindset” to get on a path to obtaining the necessary tools in a sincere manner!

Can you climb high? Absolutely! If you believe in yourself—you too can exceed the sky!

One last point, the inspiration that is now inside of you—or that will soon come to you—will provide you the encouragement that you need to achieve at a higher level throughout your lifetime!

All the best…

TheWealthIncreaser.com—a serious wealth building blog for those who are serious about their wealth building future…

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Excellence & Wealth Building

Posted on January 29, 2017 by TheWealthIncreaser.com

Learn why you must operate at your highest level of excellence if you desire to build your wealth more efficiently…

As the month of January 2017 comes to an end TheWealthIncreaser.com thought that the topic of operating at your highest level of excellence was an appropriate topic to focus on. When it comes to building wealth it is important that you have a workable understanding of what it will take to build wealth at the level that you desire.

It is important that you set lofty goals and you have every intention on reaching those goals. You must “make it a priority” to know the rules of engagement or the rules of the game when it comes to building wealth and you must know how to apply that knowledge effectively throughout your lifetime. Due to wealth building being a broad area–with years of proven strategies for building wealth on and off the books, you have a vast array of choices that can take you to where you need or desire to be.

However, to truly reach your highest potential and achieve at your highest level you must pursue your goals with a high level of excellence.

That means that you must know your cash inflows and outflows on a monthly basis and determine where and if you need to make improvements (get more income/cut expenses or do a combination of the two) and take action at your highest level of motivation to do what needs to be done.

You must also make sure that you have an adequately funded emergency fund and you know how to manage credit wisely during the period in your life where you have a need or plan on utilizing credit.

In addition you must review your insurance, investments, taxes, education planning, estate planning/wills and retirement planning to see if there is room for improvement and then determine the best way to make those improvements based on your current finances.

By doing all of the above you are moving toward building your wealth in a comprehensive way and you are helping to ensure that your goals will be achieved on a more definite day.

You are not leaving your finances to chance but you are moving toward your goals in a more excellent way because you are systematically approaching your finances and you have a definite timetable for achieving your goals that are measurable.

By pursuing your goals in a more excellent way you can put yourself in position to achieve lasting goals and give back or contribute to your favorite causes.

In a world that seems to be take–take-take you can become a giver. However, you must do the “in between” or the “behind the scenes” work at your highest level of excellence if you desire to achieve more throughout your lifetime and operate at a higher level of excellence on a more consistent basis.

Conclusion

In closing, if you put your focus on operating at your highest level of excellence on a consistent basis, things will begin to blossom in your life in ways you never imagined.

Stop for a moment and focus on what you want to achieve throughout your life, determine what you would like to do to help yourself, your family and others–and make a serious commitment to start on a path to making it happen in real time!

In some cases you may have to let go in order to grow!

You must always realize that what separates the best from the rest is their daily thoughts and actions and whether they make the choice to operate daily at their highest level of excellence.

Isn’t it time that you operate at your highest level in a way that makes sense!

You too have that same ability to choose–and act!

You no longer have to lose–or be a hack!

Starting today you can choose to move forward in a better way!

Starting today you can choose excellence and get momentum to stay!

You and your family should have it no other way!

Excellence–it’s inside of you!

TheWealthIncreaser.com has the goal of bringing it all out so that you can make your journey towards building wealth come true!

EXCELLENCE—take what you now have and what you will soon learn and do the absolute best that you can with what you have inside–so that you can experience a smoother ride…

All the best…

TheWealthIncreaser.com—A serious wealth building blog for those who are serious about their wealth building future…

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Using Your Imagination to Build Wealth in 2016 & Beyond

Posted on July 6, 2016 by TheWealthIncreaser.com

Learn how you can use your “Imagination” to Build Wealth and live more abundantly…

It is important that you use your imagination while you are in the process of building your wealth or achieving many other goals that you may desire.

You must use the inspiration that you receive to see what you desire or see the direction that you should go. By using your mind, heart and mental faculties to imagine that what you desire has already occurred you put yourself on a serious path toward success!

However, you must realize that is only the starting point! Real work will be required of you on a consistent basis to make what you imagine come to realization in real time!

Just as the creator of TheWealthIncreaser.com dreamed big (big imagination) and decided to create a site that could help you achieve your financial and wealth building management in a comprehensive manner—and then followed through on that big dream by putting in the required work to create this site—so too must you apply yourself on a consistent basis to make what you desire a reality in the area of your choosing or in the area of your life purpose.

You must use your imagination to dream big and follow through with action and not pay attention to naysayers or others who may try to talk you out (negative energy) of your big dream.

In the area of personal finance and wealth building you must give deeper, more meaningful thought about your finances and your financial future—and what you can achieve in your financial future.

A vivid active imagination on a consistent basis is the key to your success, using your imagination effectively is not taking your mind to fantasy land—quite the contrary it is formulating a picture in your mind of something that “you believe” your heart and mind can make real and can be of benefit to you, your family and others.

You must have a “financial mindset of resiliency” and gain the mental toughness along with the “know how” of how to manage your finances effectively for the rest of your life.

Imagination in lay terms is using the power that you have within to make something big happen in your future and then using the energy from that power to form a mental image of something (what your sincerely desire to occur in your future). What you imagine normally won’t happen in a moment, but is a process! It may not appear real at this moment to you and others, however within your heart and mind you see it as real and you know that you are truly willing to put in the work to “make it real.”

Even though it is not real or present at this time, you know that you are determined to use your creativity (a major part of your imagination) to bring into existence that which you imagined!

It is important that you realize that “accidental accomplishment” of major goals rarely occur. You need to have clear vision so that you can stay on course and go after your goal(s) with passion! If you don’t have a clear picture or vision of the goals in front of you that were formed by your imagination—you lessen the passion that you have inside to accomplish what you imagine in a more effective and efficient manner.

Will you choose to blow with the wind (go to a place that is not for you) or will you choose a proven and definite path to success. What is your real desire for your life? Do you have definite goals that you will sincerely pursue? What is your compass—what is guiding your vision of your future? Better yet, who is guiding and shaping your vision of your future?

It is imperative that you use your imagination along with sound planning to reach your goals more efficiently.

You must see your goals on the inside first—so they can take place on the outside later! Don’t choose the easiest route as it is often grounded in many pitfalls! You won’t ever quit if you have clear vision. Have you lost your view of your future and what you can really do? Do you even have a vision?

Do you even desire to have a vision?

Once you get immersed into pursuing you purpose and using your imagination in the right way you will begin to achieve “beyond your imagination.”

You can put yourself in position to learn what needs to be learned to achieve at a higher level on a daily basis in your wealth building effort by navigating this site.

You can put yourself in position to use your imagination in more effective ways on a daily basis by navigating this site.

You can use your imagination and this site to get your financial future right.

TheWealthIncreaser.com serves as your springboard to Financial Success…

TheWealthIncreaser.com wishes you all the best…

And always be open to imagining or re-imagining a brighter future with something you already use—your mind and heart

And always be open to using your heart and mind for wealth building—now is the time for your fresh start

Imagine the possibilities for your future in a more inspiring way

Imagine achieving all that you desire—starting today

Imagine, Re-imagine—but most important of all—ACHIEVE WHAT YOU SET OUT TO ACHIEVE AS YOU ARE THE ONE WHO MUST TRULY BELIEVE!

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MOMENTUM & Wealth Accumulation

Posted on February 14, 2016 by TheWealthIncreaser.com

Learn How Momentum Can Propel You Toward Your Future Goals

Do you realize that your willingness to have the right thoughts and your willingness to do (take action) what needs to be done must be in alignment if you are to achieve at your highest level? By having that powerful alignment in your life you put yourself in position to get MOMENTUM rolling for you—and not against you (opposition and adversity will be more constant in your life).

In order to get MOMENTUM to propel you forward more efficiently you must start with a critical analysis of your daily actions. If you desire to live more abundantly in your future—your paradigm shift or way of looking at your current situation must occur now! You must know how to look at your credit and finances and make the right moves or the moves that will serve your and your family’s greater interests.

Now is the time to match up what you desire with the actions that you take daily and bring into congruence that which you desire most. Your daily thoughts inside of your mind must be in harmony with what you do on a daily basis.

You must acquire the skills that are needed and the skills that you can use throughout your lifetime to achieve major success. Even if your focus has been in the wrong direction in the past, you possess the ability to focus in on your destiny or purpose for being at this particular time. You can also use those skills to achieve your credit and financial goals and live more abundantly at the same time.

Your “next move” is what can move you forward and get MOMENTUM working in your life in a manner that can bring you closer towards the outcomes that you desire as it relates to your and your family’s future.

It is important that you realize that smart people often do dumb things because they don’t operate in the right mental environment and they will often get momentum rolling in the opposite direction, because their goals and actions don’t line up.

If that type of behavior applies to you—now is the time that you leave your past failures and daily actions that worked against your goals behind you!

Even if you have been making good decisions it is important that you continue to do so.

You must leave your past failures behind you in that small rear view mirror and use the large front windshield to dream big and see your future clearly—as your path towards the goals that you desire is only limited—by your limited view!

The more often that you make good decisions and formulate thoughts that match up with your corresponding action the more effective you will be in reaching your goals in an efficient and highly beneficial manner!

Even if you face roadblocks along the way—you must not let the pain of the situation deter your path! You must overcome and overwhelm any adversity that you face by continuing your righteous course of action as best you can.

It is important that you continue to align your thoughts and actions in a positive manner and continue to focus on the success that you desire. You must do so because you must continue to let MOMENTUM flow—even though it may be slow.

Your consistent focus on your outcomes and your consistent action will help you see the light at the end of the tunnel and your consistent actions will not only benefit you—but others as well as they will be positively affected by the way that you consistently approach your future in thought—and action.

You must realize that the uncomfortable feeling that you have on a daily basis or have had in the past—may be a sign that it is time to go in a new direction.

If you now see a hard bumpy road and a difficult journey in front of you—NOW may be the time for you to look at your future in a more critical manner—and change your direction so that you can reach your destination in a more efficient and effective manner.

It is important that you know where you are going and inspire others along the way. You must move in a positive direction—where SUCCESS lives! Are you content with the direction and pace that you are now on in your life—or do you desire more?

How long will you remain content with your current position and location in your life? Do you desire a better starting point? Do you desire a better destination?

It all starts inside of your mind and heart and it all starts with you putting in place a PLAN that will take you where you desire to go.

That plan will gain MOMENTUM in a more efficient manner if it is one that lines up with your thoughts (written outline) and your actions (you doing what needs to be done—on a consistent basis whether it be daily, weekly, monthly or yearly)!

You must know in your mind and heart that the direction that you choose at this time is far more important than your current position or your past actions.

Today is the day that you make the choice to get MOMENTUM rolling in your favor in your life and today is the day that you go in the direction that leads to living your life in a manner that you truly deserve—and takes you to your destination—whether it be spiritually, mentally or financially.

You must defeat fear and have unlimited faith that the plan that is created by you has the real potential to take you where you need or desire to be—if you do what you KNOW you have to do!

Something bigger, taller, and deeper lies ahead for you and your family—stretch your mind and achieve more at this time…

Your knowledge of what you will achieve based on you taking the right actions will bring a peace and comfort within you that can only be explained by you and enjoyed by you.

The joy that you will experience will be uniquely yours—and when you actually start reaching your goals—your life will truly take on new meaning.

That all sounds great and I am ready for the challenge and looking forward to putting a plan in place and using MOMENTUM to achieve more and aligning my thoughts up with my future plans—but I don’t know where to start?

TheWealthIncreaser is glad you asked!

In the following paragraphs TheWealthIncreaser will provide you with 3 Steps that you can take right now that can get MOMENTUM rolling for you and your family…

STEP 1

CASH FLOW ANALYSIS:

You must put in place a monthly budget or cash flow statement to determine where you are currently at as it relates to your monthly cash inflows and outflows at a minimum. You must then come up with a plan to pay off or pay down debt that is negatively affecting your daily living. You may have to cut expenses, increase your income (or do a combination of the two) to get into a more favorable financial position.

If you are at a point after doing your monthly cash flow analysis where you have high discretionary income—you can put a list of goals (be sure to put them in writing) together and take consistent action (saving consistently or whatever else you need to do). One of your immediate goals should be to pay off or pay down your debt and properly establish an emergency fund.

By doing step 1 change is coming—will it be positive change or negative change? Will you get MOMENTUM rolling on your side—or will you decide to continue on your current ride? Your thoughts and actions must line up with your daily actions.

STEP 2

CREDIT ANALYSIS

You must know how to manage your credit on a daily basis and you must have a system that you can carry within your mind that allows you to manage your credit in as effective and efficient a manner as possible.

It is important that you know your Money Management Personality—and put a plan in place to improve as best you can.

STEP 3

COMPREHENSIVE FINANCIAL ANALYSIS

You must know how to look at—and manage all areas of your finances (comprehensive management of your finances) so that you can gain certainty within your mind of what you will achieve.

How will you achieve your financial goals and what time frame will you achieve your financial goals?

Step 3 is the step that you lay it all out—whether it be your insurance goals, investment goals, tax goals, education goals, estate planning/wills goals, or your retirement goals. You must mentally formulate those goals and put together a written plan (action plan) to take you to where you need or desire to be.

FINAL THOUGHTS ON HOW YOU CAN USE MOMENTUM TO ACHIEVE MORE IN YOUR LIFE

As a result of this discussion it is the desire of TheWealthIncreaser that you have heard enough that you will have a yearning to look within and decide if a change in your approach toward the success that you desire is needed.

Furthermore, TheWealthIncreaser asks that you will take the right action today to get MOMENTUM rolling your way!

TheWealthIncreaser believes you will use MOMENTUM from this day forward—to move toward your reward—and enjoy your life more abundantly in your area of concern while here on planet earth.

By using the above steps you can get MOMENTUM rolling in your favor right now. It is the desire of TheWealthIncreaser that this discussion has shown you how.

Achieve Your Dreams…

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Cash Flow & Wealth Building

Posted on August 17, 2015 by TheWealthIncreaser.com

Learn How You Can Build Wealth By Taking Appropriate Action

In the current economy we have talked with many who have been apprehensive in their approach toward reaching their goals—whether financial or otherwise. It is not uncommon for many to lack the know-how and steps that are needed to achieve major success. If you are in that group—now is the time for all of your uncertainty to subside—whether it be your approach towards your finances or uncertainty in other areas of your life!

First, I’m going to dive into the importance of creating a cash flow statement and show you ways that you can use that creation for your greater benefit. Then we’ll look into highly practical ways that you can improve your cash flow and build lasting wealth.

Finally, I will provide closing thoughts on other ways that you can improve your cash flow and build lasting wealth in a more intelligent, consistent and proactive manner.

It is important that you realize that if you take the appropriate action at this time you can bring into existence that which you desire most—and it does not have to be of monetary value. If you desire to achieve more and you have a plan in place to help you do just that—you are well ahead of most consumers.

However, even if you don’t have a plan in place—there is no reason that you—or anyone else should feel discouraged as you reach toward a higher level of excellence. The success that you desire to attain can still happen if you take the right action and you use your determination and willpower to take the right action on a more consistent basis—even when it may appear to be the wrong action in the eyes of others.

Isn’t it time that you do your own thinking, your own analysis, your own decision making and determine what is best for you and your family at this time!

Many visitors to this site have made the decision to dig down deep and apply their mind at their highest level are now on a path to achieving major success in the management and improvement of their finances. Will you be one of those who are on track to achieving major success or will you be one of those who complain daily and fail to look for—or expect a better future in all areas of your life.

Be sure to put on your “heavy duty” thinking cap and learn and comprehend all that you are about to read at your highest level. It is important that you relate all that you have learned from birth until this day so that you can achieve more during your lifetime—whether it be financial or otherwise.

Hold on—here we go—now is the time that you obtain real results in your future that will show!

It is important that you realize at this time that the key to your future success is not only having the ability to overcome any and all adversity that you may face—you must also have a highly effective way of managing and improving your cash flow—and ultimately your net worth.

It is important that you realize at this time that adversity—or unplanned occurrences will occur in your life and at times in rapid succession—however it should be your goal to respond positively to those occurrences at all times.

That positive response begins by conditioning your mind for continuous success by approaching your future in a more appropriate manner. This discussion is designed to get you and your family started on a major path to success that has no limit.

You Must Know Your Cash Flow If You Are To Achieve Results That Will Show

It is important that you not approach your finances in a haphazard manner by focusing on what is not important.

Your monthly cash inflows and cash outflows are the starting point to getting you in position to achieve lasting success in your financial life. You cannot guess your numbers or just go through the motions on a daily basis by spending your income in a random manner and paying your monthly bills as you see fit.

Even those with high discretionary income on a monthly basis could achieve far more if only they had an effective system in place that allowed them to manage their monthly cash inflows and outflows in a smarter and more beneficial manner.

Creating a realistic plan for building your wealth means that you know your monthly income and your monthly expenses and you have an understanding within your mind of how to manage your income and expenses effectively.

OPTIONS FOR IMPROVING YOUR MONTHLY CASH FLOW

1) Get more income

By increasing the amount of income that you bring in on a monthly basis you can use your creativity and enhance your skills and get into a financial position where you have the available monthly discretionary income that you need to achieve your future wealth building goal(s).

2) Reduce your expenses

By paying off or paying down your outstanding debt and cutting back on your monthly spending you can get to a point where you have the available monthly discretionary income that is needed to achieve your future wealth building goal(s).

3) Do a combination of the two

By increasing the amount of income that you bring in on a monthly basis and by using your creativity and enhancing your financial management skills you can pay off or pay down your outstanding debt and get to a point where you have the available monthly discretionary income that is needed to achieve your future wealth building goal(s).

Use Your Income to Reach Your Desired Goals

Even if you have additional wealth building goals—you would now be in position to pursue them in a more effective manner because you know your “financial numbers” and you are now in a better position to achieve those goals.

If the wealth building goals that you aspire to achieve are not within the time table that you have for achieving them—you may have to modify your goals or time frame, or reduce the number of goals to a level that is achievable in the time frame that you establish.

You must always know how to make compounding work for you and your family and you must not let others use compounding against you and your family for an excessive period of time—if at all.

You can avoid the latter by putting a plan in place to pay off or pay down your credit card and/or other high interest debt that you are now carrying.

Use Wisdom to Achieve What You Desire

Keep in mind that you must balance your goals and at the same time use wisdom in your approach!

If your employer offers matching contributions on your retirement account up to a certain level—it normally makes sense to contribute up to the match at a minimum even if you currently do not have a properly funded emergency fund, you have outstanding debt—and you are coming up short on reaching your other goals such as saving for a house or investment property.

By saving on your taxes, getting basically free money from your employer with the retirement contributions match—you would normally put yourself in better position for your future (and possibly the present as well) by doing so.

Whether establishing an emergency fund, establishing a health savings account, establishing a retirement portfolio or investing outside of retirement—you want to choose the appropriate vehicle for getting you to your destination and you want to do your due diligence on the front end!

Final Thoughts On Cash Flow & Building Wealth

It is important that you have working knowledge of how to manage your monthly cash flow in a manner that serves your and your family’s best long-term interests. Furthermore you must realize that the more diverse your investment mix—the more the odds are that your plan will stand the test of time.

As you build wealth be sure to consider index funds as well as actively managed funds, CD’s, and money market accounts—and be sure that you are comfortable and have a real understanding of how what you are investing in works whether it be stocks, bonds, mutual funds or whatever investment that you plan on utilizing to reach your investment and financial goals.

By doing all of the above at a minimum—you put yourself in position to control your future and at the same time you minimize letting others control your future and enhancing their bottom line at your expense.

Always realize that you have what it takes on the inside to improve your personal finances and build lasting wealth! However you must have the attitude that you will bring it all out at this particular moment in time and achieve what you truly desire!

It is important that you focus on what you can do and achieve in your future, regardless of the problems or adversity that you may now face on a daily basis or on the actions that others are taking on a daily basis.

You must always realize that it takes more than just focus to be your best! You must always have the attitude that you will attain success—and you must always put an effective plan in place and give it your best!

The Wealth Increaser is of the opinion that you are on a major path towards success by using your cash flow in a wiser manner and building your wealth in a more intelligent, consistent and proactive manner!

Keep moving…

TheWealthIncreaser.com

About This Article:

The above article was written by Thomas (TJ) Underwood on August 17th, 2015. 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 other highly relevant tips on “living your life more abundantly” and possibly earn revenue at the same time by linking to TheWealthIncreaser.com.

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Learn Why Obtaining A Financially Alert Mind—& Not Just Financial Literacy—Should Be Your Goal

Posted on February 8, 2015 by TheWealthIncreaser.com

Financially Alert Mind versus Financial Literacy

Since the real estate and financial market downturns in 2007 and 2008 many financial advisors and money watchers have approached personal finance with a new attitude. Many more now see the need to educate consumers in an attempt to make them more financially literate. The goal for doing so is to help consumers avoid the mishaps that many consumers made during that volatile period that began in 2007 and continued for a number of years thereafter.

It is important that you realize that financial literacy is a good starting point but will not really take you to where you truly need to be if you are one who sincerely wants to manage your credit and finances in a more effective and efficient manner.

It is a good thing that more financial advisers and planners are now looking more at “behavioral finance” or the “psychological aspects” of financial moves that consumers make—because that behavior and thinking has a huge effect on how consumers manage their money.

As one of the few financial planners who have looked deeply into the behavior of consumers for a number of years I have long realized that what consumers lack is a comprehensive approach to managing their credit and finances that they can carry within their mind, easily understand—and apply at the various stages in their life.

Successful money management often comes down to having the right approach. We have found that many approaches in the financial industry are too complex or not readily understood by consumers in a clear and cohesive manner. We have long determined that Money Management Personalities can help or hinder consumers in the management of any system—and particularly those systems and approaches that are difficult to understand and apply in a practical manner.

It is important that those who are in the financial industry, especially if you are a financial adviser or financial planner—have a real understanding of the mental aspects of financial planning because successful financial planning consists of more than just understanding demographics and creating personal financial statements.

The real key in the current economy includes having a real understanding of the role that habits and personality types play with today’s consumers.

There can be a big difference between a highly informed money manager personality type and a struggling money manager personality type.

For financial advisors or financial planners, it is really important to know the differences among personality types, what their clients really value and other factors that once were ignored by planners—but should no longer be ignored due to the importance that the factors have on the long-term success of consumers. In short, you as a financial planner (or consumer if you are doing your own financial planning) must probe deeper and really determine the goals that your client values and you must do so with a spirit of excellence—to be the most effective.

It is true that financial literacy needs to begin in grade school and continue throughout high school and college, however spending more time educating consumers about fundamental financial tools such as balancing their checkbook, thinking about their own income statement, determining what percentage of their income goes to savings, spending, bills, charity, etcetera—in of itself is somewhat outdated.

Many consumers had that knowledge prior to the real estate and financial market downturns that occurred in 2007 and 2008—yet they failed to apply that knowledge and use their literacy skills in a manner that benefited them and their family the most.

Many fell prey to unwise decision making and financial outlays that did not serve their best interests due in large part to the urging of so called professionals (attorneys, realtors, loan officers etc.) and many ended up in an even deeper financial hole.

In the mortgage industry in particular—many consumers knew that they were purchasing too much house or obtaining the wrong loan but they were caught up into what everyone else was doing—in large part based on the suggestions of those who did not have their best interests in mind.

Financial literacy provides you the opportunity to pay more attention to the financial affairs in your life and not get caught up in the hysteria or excitement of the moment, however you should have a goal of attaining more than just financial literacy.

If you sincerely desire to take control of your finances your goal should be to obtain a “financially alert mind” as it will provide you not only the financial literacy that you need—but will provide you a new way to utilize the financial knowledge that you will gain to your and your family’s benefit for the rest of your life.

Those who have a “financially alert mind” cannot be easily taken advantage of because they have a system that they can carry within their mind that allows them to address their pressing financial concerns in a proactive and highly effective way.

Those who have a financially alert mind know how to invest in a manner that serves their best long-term interests and they cannot be led astray by scammers and others who do not have their best interest in mind.

Part of showing your love to your family and yourself is having a “Financially Alert Mind”—meaning you must know how to respond appropriately to all that happens in your financial life.

By being financially alert you will be of the mindset that you must act in a proactive manner as you move toward improving your credit and finances!

By having a “financially alert mind” you will make it a priority to gain the preparation and knowledge that is needed for success on the front end—not after you have encountered financial difficulty.

Why Having A Financially Alert Mind Is So Important?

A Financially Alert Mind allows you to do your own thinking, allows you to “take action” on your own initiative and empowers YOU with the ability to achieve the goals that serve your and your family’s best interest.

You won’t have to be forced or inspired by others to act—you will act on your own initiative to create the future that you desire!

By gaining the knowledge that you need to succeed you put yourself in position to take your credit and financial success higher so that you can achieve the goals that you and your family desire.

By making a real commitment to use your mind in a financially alert manner you can put yourself in position to achieve your and your family’s financial mission!

By opening your mind up to what is possible you put yourself in control of your credit and finances and your ability to secure—your future!

Obtaining a financially alert mind is about empowering you with the mental working knowledge that you need so that you can succeed!

Did you know that if you have the self-discipline, proper preparation, proper focus and the right knowledge that is necessary you can manage many or all of the credit and financial affairs in your life?

Always realize that if you can control your thought process and direct your actions the right way—you can control your future!

You can choose to “build up” your future or “tear down” your future by your daily thoughts and by the actions that you take on a consistent basis!

Did you know that a Financially Alert Mind Improves Lives Yearly?

By having a Financially Alert Mind you can put yourself and your family in position to reach many or all of the future goals that you desire and you can position yourself to attain the goals that can make a real difference in your and your family’s life!

You can now show your LOVE to your family and benefit your F A M I L Y and yourself by having a Financially Alert Mind—This Year!

As a result of landing on this page we believe that major success lies in your and your family’s future. You can now sincerely pursue a path that will help you attain a financially alert mind in an efficient and highly effective way.

A “financially alert mind” is organized and quick to see opportunity and at the same time realizes that there are no limitations on what it can accomplish because those who have a financially alert mind—don’t set any limitations within their own mind!

A financially alert mind is proactive and addresses credit and financial concerns on the front end.

A “financially alert mind” knows how to properly utilize personal financial statements, properly manage and improve their credit and properly address all areas of their finances that need to be addressed.

A financially alert mind does so in an effective and efficient manner and in a manner that benefits those who have a financially alert mind the most—not creditors and others who have no real concern for their or their family’s livelihood!

You must make it a priority to utilize your mind properly and to think for yourself if you sincerely desire success on a consistent basis!

A financially alert mind—allows you the opportunity to do just that!

Final Thoughts on Financially Alert Mind versus Financial Literacy

It is important that you realize that financial personalities affect financial planning—often in a significant way. Some personality types are financially independent, they are comfortable taking risks and they are confident that their income will last throughout their lives because they have planned in a strong manner, therefore financial concerns can be addressed efficiently.

Still others may need to be held by the hand and get to a level of understanding where they really see the need for comprehensive planning and how implementing a comprehensive plan can help them achieve their goal(s) more effectively and more efficiently.

As a consumer you must get your mind to a point where you can address all areas of your finances in a manner that puts you in control—and keeps you in control. You no longer have to accidentally improve your credit and finances. You no longer have to accidentally hurt your credit and finances!

You can now manage and improve your credit and finances in an intentional manner by obtaining a Financially Alert Mind and not just Financial Literacy—starting today and continuing throughout your lifetime!

About Thomas (TJ) Underwood:

Thomas (TJ) Underwood is the creator of TheWealthIncreaser.com and is a former fee-only financial planner, former top producing loan processor and is currently an active real estate broker at Realty 1 Strategic Advisors. He is also the first financial planner to coin the phrase “Financially Alert Mind” and he has been serving consumers in the area of personal finance for over 20 years!

Thomas (TJ) Underwood is a licensed real estate broker in the State of Georgia. He is also the broker/owner of Realty 1 Strategic Advisors, LLC which he founded in 2002. A pioneer in the real estate industry, his company is one of only a handful of real estate companies in existence that offer clients comprehensive financial planning as a part of the home buying and home selling process as a complimentary service.

You will usually find him assisting home buyers, home sellers and those who are trying to improve their financial position in the Atlanta Metropolitan area and throughout the world—improve their finances in an intelligent, consistent and proactive manner.

About This Article:

The above article was written by Thomas (TJ) Underwood on February 8, 2015. 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—NEW GUIDE.

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 continue to get highly relevant tips on “living your life more abundantly” by logging on to TheWealthIncreaser.com and signing up for the rss feed.

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Authenticity & Wealth Accumulation

Posted on January 3, 2015 by TheWealthIncreaser.com

An Authentic Approach Toward Wealth Accumulation Is Best For Your Long-Term Success

Learn Why You Must Have An Authentic Plan for Financial Success that Fits Your Goals

As you pursue your credit and financial goals it is important that you have it within your heart and mind that you really want to achieve what you desire. Or another way of looking at it is that you must have a heart-felt desire inside that believes that what you expect in your future will occur! You must have a real and authentic expectation that what you desire most will occur!

You must expect a successful outcome and you must prepare on the front end by doing what is necessary to put yourself and your family in position to achieve the success that you sincerely see—even though others may not see it.

You must have an original and genuine concern for reaching the ultimate success that you desire. If you desire to take your finances to a higher level you must know your responsibilities and you must realize deep inside that you are accountable for the future success that you desire.

You must have a mature approach to handling your financial affairs and you must expect success now—and in the future. You must have the faith that the vision that you see will occur during your lifetime and you must have the patience to know that the success that you desire will occur when you change your behavior or you take the right actions to change your situation.

Authenticity Allows You to Approach Your Finances Intelligently, Consistently & Proactively

You must develop the mindset of taking action in an intelligent, consistent and proactive manner so that you can know where to start—and where to finish! You can develop that mindset by searching inside of yourself and determining what you truly want in your future.

Once you do so you can start on a path of putting together a cohesive and comprehensive plan that will take you to where you need or desire to be. As you do so you must have a unique and original approach and not merely think that it will happen—you must put “mental energy” into making it happen at a level that will take you to where you need to be—and beyond!

Authenticity Allows You to Overcome Adversity that You Will Undoubtedly Face

You must have a system that allows you to go through, across, around or over anything that you will face in your financial future and you must have a system that provides you the tools that you need to properly focus on what needs to be focused on—as you pursue your credit and financial goals.

You must always remember that you are an original creation and you must be authentic in all that you do—if you desire to achieve what you see and make your dreams come true! You have your own unique view of your future and what you call success—now is the time that you really go after what you desire!

You can be an inspiration to others and move toward your dreams if you are original (authentic) in your approach and you take the right action at the right time. You can achieve at your highest level and leave excuses and distractions behind if you only took an authentic approach to achieving what you desire—and not try to be like anyone else.

Final Thoughts on Authenticity & Wealth Accumulation

You can achieve all of your financial goals and objectives—however, it will take an authentic approach and an authentic plan by you (and your financial planner)—if you sincerely desire to make your dreams come true. Are you authentic in your approach to your finances—and your life?

If you are you can avoid financial strife—and position yourself and your family to achieve at a higher level—throughout your life!

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