Our Net Worth & Financial Independence Update January 2021




5 Benefits of a Multi-Generational Advisory Firm and What It Means For You

Many clients of financial advisors share a common concern and fear. Because the process of finding an individual to trust with their money is not something to be taken lightly, this concern can be magnified. Clients wonder what happens to them if their financial advisor retires or unexpectedly dies. Now what… ? Is your financial advisory firm prepared to deal with these what if scenarios? This commonly voiced concern is why advisory firms and the financial industry have begun focusing more on succession planning and multi-generational advisory teams. If multi-generational has you thinking “Big Deal” or “Who Cares?”… here are 5 benefits of a multi-generational advisory team and what it means for you.

One Dollar

Each of us wants to get ahead. And many are struggling to survive. The Nobel Prize winner, Doctor Albert Schweitzer, was asked: “what’s wrong with men today?” He thought for a while. Then answered, “men simply do not think.”

Scrap the Paper and Go Paperless

What are the benefits of a paperless lifestyle? Collecting bank statements, invoices, receipts, can cause unnecessary stress. It is important to streamline your life by going paperless and the payoff will be great. There are many benefits and methods of going paperless which are highlighted in this article. You will save time, money and will reduce your environmental impact. Say yes to paperless!

Living by Our Heartfelt Intentions

Let’s look at what “Purposeful Spending” really means. It means, you get crystal clear on what you want and need in life and every time you spend, it is in full alignment with what you said you wanted and needed.

Sell Your Property FAST – With an Owner-Financed Mortgage Note

Find scores of buyers for your property with owner-financing. Create a mortgage note on your terms and then sell it for cash.

Money Transfer Threatens – Beware!

Would you trust anyone to babysit your child or care for your dog while you are away, without checking their credentials? Most certainly not, right? At least that’s how we hope you would respond.

Saving Money to Save

Most of the personal finance books and blogs talk of saving money by being a smart and frugal shopper by using coupons, buying one get one free, perusing sales circulars or checking in to the merchants phone apps; but I have yet to read any advice on what to actually do with the amount of money that you save. If I just merely acknowledged that I saved half-off retail price on a pair of sneakers which is about a $40 savings then that’s one thing, but that just keeps the balance on my checking account higher by $40. I would probably just find another item to spend that $40 on since it is technically free right? Get more retail bang for my buck so to speak. Instead my hack strategy recommendation is to discipline yourself to sweep that $40 you save into your savings account.

3 Mistakes Most Investors Make

Most investors make the same mistake by scattering their “eggs” in different “baskets”. You don’t have to make this mistake any more!

Five Practical Ways to Have More Money in an Economic Recession

You will agree with me that there is somebody you know who seems to always have more money than you, and you have been wondering what is his/her secret. Now listen up let me tell you how to HAVE MORE IN LESS. This is what am applying in my life and it is working

The 10 Most Common Sales Tricks

What is really happening when someone is trying to sell something to you? Here we reveal just 10 of over 100 tricks and techniques salespeople are taught to use when selling to us.

Top 5 Benefits of Outsourcing Your Bookkeeping Operations

Nowadays doing online business has made us more connected to each other, moreover it has become an important tool in bringing people closer in doing day to day work as well as backend business. Online community has made a difference in bookkeeping. It is like a tedious task which no one wants to do but avoiding it can produce serious repercussions. Thus the business owners want to hire someone who could do bookkeeping for them. Instead of doing it by themselves or doing it in house, business owners are finding it more advantageous by outsourcing it. Below mentioned are its top five benefits:

The Benefits of Donating IRA Distributions to Charity

If you’ve accumulated a significant amount of money in traditional and rollover individual retirement accounts (IRAs), you may want to consider tax-efficient strategies that can reduce your tax burden and benefit your favored charities. IRAs, while an effective tool for retirement savings, may also create tax challenges when you start taking distributions, which are subject to income tax. So how can you turn your IRA distributions into charitable donations and reduce your tax burden?

Financial Considerations for High-Income, High-Debt Professionals

Doctors, lawyers and other highly-trained professionals often have their sights on lucrative salaries once they complete their courses of study – but many are also saddled with a less pleasant graduation gift: outstanding student loans. For those who’ve landed a well-paying job in their desired fields, the dual reality of commanding a big salary while being encumbered with debt can lead to financial mistakes. But, as with many complexities in life, having a plan in place can help.

Create a Cash Cushion – Level III to Financial Freedom

After you have completed Level II of the game to Financial Freedom and started a Retirement Plan, it’s time for Level III – creating a Cash Cushion. What’s it going to take to win this level? You need to have an emergency fund. That’s right, you need to set up a simple savings account and start putting away at least 3 months of expenses. Sounds pretty easy, right?

Florida Online Deed Sales – 2017

The reason that there are so many tax deed sales throughout the year in Florida, instead of just one county tax sale each year, is that Florida is really a tax lien state. As long as you do your due diligence on the tax sale properties and only bid on good properties, you won’t have to worry about getting the property.

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