28 Mar 2014 by

BitCoin Investing and Beyond

Currency — the bills and coins you carry in your wallet and in your bank account — is founded on marketing, on the belief that banks and governments are trustworthy. Now, a walk through a new generation of currency, supported by that same marketing … but on behalf of a private brand. From Nike Sweat Points to bottles of Tide (which are finding an unexpected use in illegal markets), meet the non-bank future of currencies. BitCoin Investing

Is BitCoin Investing SAFE?

Nobody really knows if bit-coin or any crypto currency is safe. (I do know that the word “bitcoin” as one-word is not even in my spell check here in WordPress… yet.)

This post will outline some things you NEED to know before you buy.

We’re going to explain:

Finance

Filed Under: -FINANCE
21 Mar 2014 by

Robert Kiyosaki – Cash Flow Quadrant

Robert Kiyosaki – CASH FLOW QUADRANT

E = Employee

B = Business Owner

S = Self-Employed

I = Investor

The Cash Flow Quadrant concept in and of itself is valuable to understand. The basics are pretty simple. It is the cross over and application of the concepts into our everyday lives that make the real difference in whether we have TIME to enjoy our lives, or we are just bizzy being bizzy.

Take for example, the MLM or Network Marketing industry. The industry in general, expresses the ability for leveraged income and time freedom, when in REALITY, the leaders are constantly on the phone and presenting at meetings and conventions. I would not call this “time-freedom”, unless of course the individual THRIVES from being bizzy and on stage most of their lives.

Personally, I enjoy being spontaneous and living a casual lifestyle with minimal commitments and having the abiity to do what I want, when I want, if I want.

BRAD ‘MagicBrad’ GUDIM
www.MagicBrad.com

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Filed Under: -FINANCE, Investing, Retirement Planning
14 Mar 2014 by

Top 10 Missed Tax Deductions for Business

What are the Tax Deductions for Business ventures?

Did you know if you miss or ignore certain Tax Deductions for Business you could be spending money that you really do not need to. LEGALLY.

Helping people start their own businesses by being a Business Coach & Motivational Teacher. Specializes in legal and tax requirements for forming Profit Organizations, Sole Proprietors, LLC’s and Non for Profit Organizations as well as Small Business, Self Employed & Direct Sales business development, management and tax planning! Also enjoys helping new businesses manage, develop and create systems to maximize their profits and discover who they are created to reach in the marketplace! The preferred Accountant for many high level business owners.

Below are the Top 10 most missed tax deductions.

10 – Cell Phone
9 – Business Start-Up Costs
8 – Bank and Credit Card Processing Fees
7 – Interest on Credit Cards and Business Loans
6 – Vehicle Mileage
5 – Postage and Shipping
4 – Self-Employed Health Insurance
3 – Sales Tax on Items that are Given Away for Free
2 – Section 179 Expanses
1 – S-Type Election

 

One of the simplest ways to reduce your income tax bill is to ensure you’re claiming all of the tax deductions available to your small business. Below you’ll find a comprehensive list of income tax deductions commonly available to sole proprietors, and businesses that are organized as partnerships or limited liability companies (LLCs). Use the links on the left to jump directly to each deduction to learn if it’s relevant to your business, and detailed instructions on how to claim it. And remember, some of the deductions in this list may not be available to your small business. Consult with your tax advisor or CPA before claiming a deduction on your tax return.

 

MORE: Maddie Brown the Conscious Business CPA and Virtual CFO

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Filed Under: -FINANCE, Tax Preparation
9 Mar 2014 by

Intelligent REIT Investing | Real Estate Investment Trusts

Interview Dr. Brad Case, Senior VP with the National Association of Real Estate Investment Trusts about REITs.

A real estate investment trust, or REIT, is a company that owns, operates or finances income-producing real estate. For a company to qualify as a REIT, it must meet certain regulatory guidelines. REITs often trades on major exchanges like other securities and provide investors with a liquid stake in real estate. Read more: Real Estate Investment Trust (REIT)

REITs are not a new financial innovation. Established by Congress in 1960 as an amendment to the Cigar Excise Tax Extension of 1960, REITs operate in a manner comparable to mutual funds as they allow for individual investors to acquire ownership in commercial real estate portfolios that receive income from properties such as apartment complexes, hospitals, office buildings, timber land, warehouses, hotels and shopping malls. Most REITs specialize in a specific real-estate sector – for example office REITs or healthcare REITs. Within this space, REITS must purchase and operate its holdings as a part of its portfolio. In most cases, REITs operate by leasing space and passing on collected rent payments to its investors in the form of dividends.

Individuals can invest in REITs either by purchasing their shares directly on an open exchange or by investing in a mutual fund that specializes in public real estate. Some REITs are SEC-registered and public, but not listed on an exchange; others are private.

Many REITs will invest specifically in one area of real estate—shopping malls, for example—or in one specific region, state or country. Others are more diversified. There are several REIT ETFs available, most of which have fairly low expense ratios. The ETF format can help investors avoid over-dependence on one company, geographical area or industry.

Read more: Real Estate Investment Trust (REIT) https://www.investopedia.com/terms/r/reit.asp#ixzz5NKQK9Bhz
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Filed Under: -FINANCE, Investing