TAX HORROR STORIES and how to avoid them…with Kimberly Landry, CPA of Landry and Associates has come back to the Financial Freedom Classroom to share some scary tales to kick off your Halloween season!
Tax Horror Stories and how to avoid them…
Help us kick off the Halloween season with “Tax Horror Stories and how to avoid them” brought to you by Financial Freedom Classroom on Thursday, October 1st at 7:30 PM EDT. We know it will be a chilling and thrilling good time with our dear friend and CPA Kim Landry of Landry and Associates.
Some of the topics we plan to cover are:
- Ruinous Identity Theft
- Deadly Audit findings
- Dangerous Clients
Bring your questions and concerns, join us if you dare!
If you aren’t registered for the webinar yet, hurry up! Space is limited. Just click here to register.
Using YouTube for your business
YouTube is a super tool for your business. Be sure to watch this important information and use it. An additional recommendation is to turn your videos into podcasts! The technology we have available is amazing!
Get the best bang from your credit card
If you are going to use credit cards, why not get the most reward? Instead of YOU paying interest to your credit card company, the credit card company could be PAYING YOU each month, assuming you’ve paid your bill on time. Now that is a switch!
Some of the best reward cards we have found are:
Blue Cash Preferred Card from American Express offers 6% cash back at US supermarkets up to $6,000 per year which equals up to $360 per year! In addition they give 3% back on gas and select department stores. Even with the annual fee at $75, it is still a great deal! Everybody needs to eat, right?
Citi Double Cash Card offers essentially 2% back on all purchases with no restrictions and no annual fee. This is another good choice. The way the card works is you get 1% cash back when you buy, plus another 1% when you pay for those purchases. This would be a great option for a student to start earning some cash back without the annual fee.
Capitol One Venture Card is a flexible travel reward card. One of the best benefits is that you can book travel on any airline at any time. The card offers two miles for every dollar spent which could turn into a pretty nice vacation!
An easy to use tool can be found at http://creditcardtuneup.
Sorry, but we have to mention a best practice when we discuss credit cards, so if you use credit cards ALWAYS pay them off in full each and every month.
Disclosure: No compensation of any kind was received from any of the businesses mentioned above.
Keeping more of what you earn
These money saving tips could make a HUGE difference in your financial situation. Take the time to watch and change your future!
Take another look at healthcare…
Check out our webinar from last month on healthcare, it will certainly open your eyes!
Join us this Thursday, August 6th at 7:30PM EDT for some Money Saving Tips that will have you keeping more of what you earn. Click here to register for the FREE webinar series.
Untangling Your Healthcare Options
Are you aware of your healthcare options? Do you understand them? We started looking into our health care options recently and discovered it didn’t mean what we thought it meant. Do you know what we mean? What a mess…then we found Alice.
Tonight at 7:30PM EDT Alice Young from The Paige Insurance Agency will help us untangle health care options for individuals, couples, single parents and families without employer sponsored plans. It is a jungle out there but she specializes in health care and will help clear away some of the confusion. Alice will be covering questions like:
What should I consider when choosing a plan?
What type of network is best for me?
Can I keep my doctor?
If I am out of state and get injured will my healthcare plan cover my bills?
You might be very surprised to find out the answers to these questions. We certainly were. If you are not covered by an employer’s health plan, you shouldn’t miss this webinar! Click here to register to join us tonight at 7:30PM EDT.
Put your money to work
The fifth and last phase in our financial freedom plan is to “Put your money to work”. Here is where the fun begins. Now you can build up piles of cash for investments. To build those accounts use the money you were putting towards your debts and emergency fund in phases three and four.
The following must be maintained to stay on the road to financial freedom:
1. Stay debt-free.
2. Accelerate paying off your mortgage to at least 15 years or less.
3. Maintain at least 15% of household income towards retirement, a fully funded emergency fund, and adequate term life insurance, if needed.
4. Pay cash for everything (except possibly real estate, an appreciating asset).
5. Diversify your investments.
Always keep in mind that you MUST fully understand the investment BEFORE you invest in it. Relying on someone else to “manage” your investments can lead to disappointment and frustration. So be sure that you have a complete understanding of all the risks before investing. Always remember no risk, no reward.
Please list some investment options in the comments that should be investigated.