It's that time of year when resolutions are made. If you are one of the many who have a resolution that involves your finances, you'll want to read this article. Studies show that less than 50% of resolutions are kept so it's vital to get started on the right track.
It's that time of year when resolutions are made. If you are one of the many who have a resolution that involves your finances, you'll want to read this article. Studies show that less than 50% of resolutions are kept so it's vital to get started on the right track.
3 Tips to Start the New Year with Your Wealth Building on Track:
#1 - Keep Your Goals Realistic. Starting with an unrealistic goal is a sure way to guarantee failure. An unrealistic goal will drain you of all your motivation and will have you back to your old habits in no time. Do you know what a realistic target is for building your wealth over the next year? The next 2 years? 5 years?
One way to measure how realistic your wealth goals are is to break them into long-term goals and short-term goals. Have short-term goals that are measurable in 30 days. This will help you adjust on a timely basis if your wealth goals are too lofty. This simple technique will help you keep your wealth building on track throughout the year.
#2 - Make Wealth Building a Habit. Make building your wealth a habit. Everyday should include doing something that helps you build your wealth. This doesn't mean setting aside hours each day, it can be something that takes you only a few minutes but moves you toward building your wealth. Breakdown your short-term goals into a daily task list and use this list to be able to do something everyday to move you toward achieving your wealth goals.
Monthly wealth coaching can help you make your wealth building a habit. With weekly email assignments and a live monthly coaching teleconference, you will make your wealth building a part of your daily routine in no time.
#3 - Hire a Wealth Coach. If you have ever played a sport, you understand the role of a coach. The coach is there to coordinate all the team members and help you become a better player. A wealth coach does the same for your wealth. A wealth coach helps you find and coordinate all the members you need on your team based on your goals. A wealth coach will help you come up with the plays you need to execute to achieve your wealth goals. Most of all, a wealth coach will help you get started! Most people are ready to build their wealth but just don't know how to start.
Imagine the impact a wealth coach could have on your wealth building.
Don't Drive By This Tax Deduction!
Have Your Business Reimburse You for Its Use of Your Personal Vehicle Your business can reimburse you for allowing it to use your car - even if you are the one using it in the business!
3 Tax Strategies to Maximize Your Tax Benefits Even When Your Income is "Too" High
Discover how to leverage tax strategies to maximize deductions and credits, even with a high income. This guide explores legal avenues to reduce taxable income and enhance savings, potentially saving thousands annually despite income thresholds set by the IRS.
Here's What Businesses Need to Know about the New Tax Law
The "American Recovery and Reinvestment Act of 2009" introduced a plethora of tax incentives aimed at stimulating economic growth. This article delves into the specifics of these incentives, highlighting how they can benefit various businesses, and provides updated, detailed insights into the nuances of the new tax law.
