 If you are young and have a stable career, then you should look at starting to save for your retirement (if you haven’t started already). Remember, the sooner you start, the bigger your retirement fund will be. Heck! You may even be able to retire much earlier too. Imagine playing golf or relaxing by your beach house on a weekday by the time you are 45, or even 50. No more Monday blues or rush hour traffic. Sounds great, doesn’t it? It is possible, provided you start building up your retirement fund early, and build it right. We all know that the economy doesn’t look good right now, but the depression isn’t going to last forever. The stock market’s volatility has eroded many a retirement funds, and don’t seem to be recovering any time soon. But, there are other avenues where you can invest to beat the volatility of the stock market or the low returns on cash deposits, not to mention the ever growing inflation. For instance if we take the annual inflation rate at 4% (an average of the last few decades), then a fund of $1 million after 30 years will be roughly equivalent to $300,000 in today’s value. So do the math and figure out how fat your retirement fund should be to live on comfortably after you stop working. Adam Ginsberg, a highly successful entrepreneur and wealth-building coach, recommends two key areas to invest in that can boost up your retirement fund beyond the cost of inflation. 1. Gold That’s right! The good ol’ shiny, yellow metal. Gold prices have beaten the economic downturn, the crashing stock markets, the economic depression, and have risen the most in the past decade. Gold has always been a practical investment for the pragmatic citizen. The rising inflation and the eroding value of paper money have had little effect on the value of this precious metal. Adam Ginsberg strongly recommends including this commodity in your retirement nest egg. Now, you could buy gold in a variety of ways too. The most common is to buy this metal in the physical form of bullion bars or coins. But remember when buying physical gold that while bullion bars are available at prevailing market prices, coins, on the other hand, are priced at perceived collector value. The second option is to invest in Gold ETFs (exchange traded funds), which too are traded at the prevailing market rates. This way you do not have to take physical possession of gold but instead get fund certificates, which are easy to store and faster to liquidate. 2. Real Estate If “are you kidding me?” is the thought in your mind right now, read on and you’ll know why Adam Ginsberg recommends investing in real estate. Sure, real estate has probably felt the worst brunt of the economic crash in the last few years, which is exactly why it makes such a lucrative investment option. Home prices are probably at their lowest right now and so are mortgage interest rates. So, go ahead and buy yourself a home. Take out a mortgage on it and pay it off. Over years the demand for real estate will grow, because the population will grow and the economy must grow, so the prices will grow. Secondly, once you’ve paid off your mortgage, redirect your mortgage installments to more traditional retirement savings. Third, once you retire you can consider selling off your current home and buy yourself something smaller, which could possibly get you some extra cash to spend in your retirement years. While these investment options come highly recommended by Adam Ginsberg, you should do your own research before you decide to put your money into them. And, if you come across some more lucrative areas to put your retirement money into, we’d love to hear about them. Adam Ginsberg helps people to become financially independent with his resources like eBay auction templates, eBay software and other eBay tools. If you want to know more about his resources you can visit Secrets of an Auction Millionaire, Success with Adam or even Adam’s main website. You can also listen to some testimonials from his satisfied customers.
 Remember how carefree and adventurous we are in the prime of our youth. Remember the exhilaration of landing our first real job (summer jobs in school not counting) and the pride in getting our first paycheck that we end up blowing, in just a day or two, on buying stuff for ourselves, our friends and our family. Remember all the subsequent paychecks that end up the same way and we are broke after just a few days of payday, and live off our friends or family till the next payday arrives. Living for the day sounds like a great motto and there’s no worrying about the future. Soon we are in the middle of our careers, doing well for ourselves and looking up in our lives, planning to settle down, own a nice house, maybe get married and have a kid or two. That’s when we realize how expensive living can be. That’s the period in our lives where we are only working to make mortgage payments, tuition fees and insurance premiums. Our own dreams and personal goals are put on the back burner till “retirement”. And then it hits us—we won’t have a salary to live on when we retire—and knocks the wind out of our sails. How are we going to live after we retire, we ask ourselves. How will we maintain our lifestyle? How will we travel? How will we do all that we hoped to do and still make the day-to-day expenses and the monthly bills? By planning for it, of course, says Adam Ginsberg, one of America’s well-known coaches and mentors on internet entrepreneurship and wealth building. Here are Adam Ginsberg’s top tips for building up a big fat retirement fund that will not stop you from doing anything that you want in your golden years. Top Tip #1 Start Early That’s right: start saving for your retirement as early as you can. While you may have to cut back on a few parties and extravagant meals, you can put away a lot more when you are young and single than when you settle down and comforts become a priority. Also, when you start saving in your youth, you can put more money in high-risk portfolios that could get you high returns by the time you reach retirement. Top Tip #2 Diversify your portfolio There are many investment options available for you to plan not only your retirement fund, but also all your needs up to retirement. There are saving accounts for emergencies, IRA and Roth IRA accounts to balance your tax savings and retirement savings, 401 (K) accounts, mutual funds for balanced growth of funds, real estate investments to keep up with inflation and so much more. It all starts with what your goals are and the research you put in. Top Tip #3 Involve your Family To meet any goals that you may set yourself, it will be equally important to get your spouse’s support in meeting those goals. It’ll be even better if you and your spouse share the same retirement goals, because then you’d both know the sacrifices and hard work it would take to meet those goals. If you have kids, it would be a great idea to involve them in the discussions as well. This will not only teach them the value of money early in their lives, but also the good habits of saving for the future. And, you never know, they just might surprise you by springing for their college education (or a part of it) themselves when the time comes. For more tips and tricks on how to build your retirement fund, or if you have any tips of your own that you’d like to share with us, we’d love to hear from you. Adam Ginsberg is helping people to become financially independent with his resources like eBay templates, eBay software and eBay tools. If you want to know more about his resources you can visit Secrets of an Auction Millionaire, Success with Adam or even Adam’s main website. You can also see some testimonials of his satisfied customers.
 In another article, we had suggested claiming itemized tax deductions over standard tax deductions as they will save you more tax. However, while there are some itemized deductions that are common knowledge for the average taxpayer, there are a few that are not so commonly known, but are great tax savers nevertheless. Adam Ginsberg, one of the foremost mentors and wealth-building coaches, lists a few here that you could be overlooking but could help you save some serious dollars in tax for the coming year. Lesser-known Itemized Deduction #1 Deductions for Self-employed Individuals If you are a proud self-employed American who is trying to squeeze a modest living in these harsh times, but are afraid that the taxman will take away a huge chunk of your hard-earned money, fear not, for you can save your taxes by claiming business expense deductions on your home-office. However, to be able to do that you must ensure that you have earmarked a dedicated space for your “office” in your home. For example, if you are using 200 square feet of space in your 4000 square feet house, then you can claim deductions on 5% of your expenses like electricity that you consume in your home. Then there are medical and dental-care expenses that are fully tax-deductible if your income is more than the premiums that you pay for your health insurance. And if you are frequently travelling for your business, you can even claim all the baggage fees that you incur as deductions too. To know more about the deductions available for the self-employed, you could see a tax accountant and save a few dollars. Lesser-known Itemized Deduction #2 Deductions for Charitable Contributions While it is common knowledge that charitable contributions are deductible under the US tax laws, what is lesser known is that some deductions are available for volunteer work as well. For example, if you are travelling for volunteer work, you could claim deductions on the miles that you travel, or if you are incurring expenses from your own pocket on things like raw material for cooking meals for the homeless, you could claim those too as deductions. While it may seem uncharitable to some, you could look at it as having more money to donate So, go ahead and claim those deductions. Lesser-known Itemized Deduction #3 Job-hunting Deductions We are living in hard times and jobs are not as stable as they used to be. People are forced to look for new jobs due to layoffs and it can be very taxing—physically, mentally and emotionally, but not financially. Not as much anyway. You can claim all expenses incurred on hunting for a new job, like consultant fees, resume writing costs, local and overnight travel for interviews, etc. as tax deductions. The only condition is that your new job should be in the same line of work as the old one. There are many more itemized deductions available that we very often overlook to claim for. Adam Ginsberg suggests taking the advice of a qualified tax accountant to save you a lot of tax dollars and help you boost up your savings. After all, a dollar saved is a dollar earned. Adam Ginsberg is helping people to become financially independent with his resources like eBay templates, eBay software and eBay tools. If you want to know more about his resources you can visit Secrets of An Auction Millionaire, Success with Adam and Adam’s main website. You can also see testimonials of his satisfied customers.
 According to the Merriam-Webster dictionary, a scam is defined as ‘a fraudulent or deceptive act or operation’. And an even simpler definition for kids is ‘a dishonest way to make money by deceiving people’. Take for example, the Ponzi scheme, or emails from Nigeria or some other country offering you millions of Dollars in exchange for a small amount of money to execute the transfer. Some scam artists even go to the extent of declaring you lottery or sweepstake winners and just ask you to pay the tax component of your winnings beforehand. Yes, these are scams, but none of them will sell you a product that you can use. Adam Ginsberg offers products and online business tools to help those who purchase them. Ginsberg asks people to pay money to buy his products in order to help them generate a healthy income for themselves by using these products. Adam Ginsberg does not scam people; he is not a con artist. He is just a businessman trying to sell his wares. And a successful businessman at that! Adam Ginsberg is respected as a pioneer and one of the foremost authorities on eBay entrepreneurship, having sold millions of dollars worth of products on eBay and other places on the internet for over 10 years. Mr. Ginsberg has grown from being a successful trader to developing his own system that he has used to make money for himself before putting it out on the market for other people to buy and use for their own successes. He has training programs to teach people how to use his product. He offers a money-back guarantee and a year-long performance guarantee. Can it get any more legitimate than that? These types of assurances and guarantees are not the kinds of things you’ll find in a scam. But like any other business, there are bound to be some dissatisfied customers. There are people who have found his system, after allegedly implementing its procedures, to be inadequate in their efforts to turn a profit. Their inability to succeed at their venture could be due to any number of reasons, but they blame Adam for it, and label their experience as an “Adam Ginsberg Scam”. The complaint from these dissatisfied customers is that Adam Ginsberg’s products “don’t work”. The truth is, there are thousands of people out there who are making it work rather profitably. Those that complain about Ginsberg say they don’t get any support from him and his team; but Adam Ginsberg makes himself personally available for any customer who wants to talk to him. He has a dedicated team of customer support officers available on email and toll-free phone numbers to help with complaints or any allegations of scam or fraud. Sure, sometimes there can be delays in getting a resolution for an odd complaint, but what business doesn’t have these delays? Adam Ginsberg is human, and so is his business venture. The fact that people have differing experiences of success and failure does not imply that there’s an Adam Ginsberg scam. Different people will use his products differently, and get different results from it. What is sad though, is that people who are unsuccessful or dissatisfied are quick to jump on their keyboards and brand Adam Ginsberg as a fraud and a scam artist on the internet, without realizing that their irresponsible words are accessible to hundreds of millions around the world, and sets off a chain reaction of rumor mills and free-flowing, ill-informed opinions that not only tarnish the reputation of a businessman like Adam Ginsberg but also deprives so many people of the wonderful opportunities that Adam has to offer. So, if you are one of those people who are not satisfied with Adam’s products, and tempted to consider them some sort of scam, Mr. Ginsberg invites you to get on the phone and speak to him before you unleash your anger on the internet. Adam is waiting for your call.
The team here at Ginsberg hopes that this article by Kevin Mulligan about how to save money through credit cards is helpful. You can read the original and full article here. Your credit card spending says a lot about you; it might even say things that you don’t even realize. There are many things you can learn from your credit card bill. Which ones can have the biggest financial impact on your life? Of course your credit card bill is going to show you how much money you spent last month, but you knew that. Did you know it could show you many other things? One of the greatest tools you gain access to by putting a majority of your spending on a credit card is a categorical look at your spending. For many people simply figuring out where they spent that $20 bill or what that $72 check last month was for is complicated. You don’t get any trend data or the ability to look at your spending from a 30,000 foot view. However, when you use a credit card, you do. At minimum the major credit card companies offer a year-end statement that will break the last year’s worth of spending down into major categories. The best accounts will let you sort, analyze, and dig in to those categories – even down to specific stores. With these modifiable views you can take a thorough look at your spending to figure out: - Where you spent the most money last year
- How much you spent on groceries versus eating out
- How much you spent on car insurance
- How much you spent on utilities
- How much you wasted on interest and fees
You might be surprised by what you find. For example, if you spent just as much money eating out as you did on groceries, it might be time to pack a brown bag lunch more often. The spending analysis can help you change your spending for the coming year in a positive way. If you are using a credit card wisely you shouldn’t have anything in this category. But hey, sometimes life happens, right? Seeing how much interest you paid on the balance and how much it will cost you to pay off with just minimum payments should encourage you to avoid paying interest moving forward. If you unfortunately need to carry a balance for a long period of time, knowing your interest rate is the first step in finding a better deal. If your credit card is charging you 15% to 20%, you need to find a card with a low interest rate, a balance transfer offer, or both. Maybe you’re a responsible credit card user that signed up for the card a long time ago. You know you get some sort of rewards for your spending, but can’t remember how much. Your statement will have a breakdown of what kind of rewards you are earning. This can help you in two ways: You might find out you have the perfect card for you. Then again, you might discover that you don’t spend any money in the best categories on that card and there is a different card available that offers you much better rewards for the areas you do spend in. Moving to a new card might earn you an extra 1-3% per year on your spending. That doesn’t sound like much, but over thousands of dollars of responsible credit card use it really adds up.
|
RSS Feed