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Tom Wheelwright's Articles in Finance Stocks and Trading Tax Legalities Taxes Real Estate Home Based Business Mutual Funds Investments Finance Show All|Display Category|Title|Newest|Oldest 2 Ways to Put Your Children's Money to Work There are many ways your children can put their money to work. Here are two of those ways: Building your Wealth Team the three most expensive words in the English language are, "do it yourself." When we try to do things all by ourselves, we are ignoring the fact that we all have only 24 hours in the day. By building a wealth team, we are leveraging those hours into hundreds or even thousands of hours each day. Business Start-Up Costs When you launch your business and incur expenses before your business is "open for business," then you have start-up costs. Start-up costs are not deductible until your business begins. Your business begins when it is first open for business - meaning it is ready to service customers. SEP's, IRA's, 401(k)'s and RRSP's My gripe with SEP's, IRA's, 401(k)'s and RRSP's is that the financial institutions and the government push them so hard that people think they are the ONLY alternative. There are many other ways to save taxes that are much better for many people. The BIG Secret to Creating Wealth and How to Take Action and Not Be a Statistic The big secret really isn't a secret. Many of you will read this big secret and think to yourself, "Of course! I know that! Tell me something I don't know!" The Fast Track to Your Financial Freedom (Part 1) - Leveraging Your Money Say you deposit $1,000 into your bank. The bank will happily pay you interest on your deposit, and the longer you leave it there, the higher the interest rate the bank is willing to pay. Did you every wonder why? The bank is very happy to pay you 2% interest when they will lend out up to ten times the amount at, say 6%. So on your $1,000 deposit, they pay you $20 and they earn $600. Not a bad return, considering they are using YOUR MONEY!! The Fast Track to Your Financial Freedom (Part 2) - Adding Velocity to Your Investments This whole idea of LEVERAGE is great and earning $81,000 on a $20,000 investment over seven years would be terrific. The problem with this is "IT'S STILL TOO SLOW." We can still do much better. Besides leverage, we need to add the principle of VELOCITY. Here's how it works: The Three (3) Pillars of Financial Health This is all about the foundation of financial success: wealth strategy. My key purpose here is to draw a clear, unmistakable distinction between wealth strategy and what usually passes for "financial planning." Three (3) Things You Can Do To Be Prepared For An Audit The number of IRS audits increased in 2007. What is causing this increase and who is targeted? What can you do to be prepared? The number of IRS audits increased in 2007. Remember, the IRS can audit a return 3 years after it has been filed (and 6 years if the tax return filed was considerably incorrect). What Story Do Your Financial Statements Tell about the Value of Your Business? Every company's financial statements tell a story about the value of the business. That's why the financial statements are the starting point in any appraisal of a business (commonly referred to as a business valuation). Where Is Your Wealth? Whenever someone asks me what to do to build permanent wealth, I answer that question with a question: Where is your wealth? Where is your wealth today and where is your wealth going?	Publish for Free Sign Up For Free Learn More Your Ad Here Authors and Writers Submit Articles Submission Guidelines Link to Us Member Login U Publish Store Publishers Article RSS Feeds Link to Us Contact Us More Link to Us Privacy Policy Terms of Service Submission Guidelines Popular Articles Article Aids We Recommend SubmitYourArticle iSnare Article Marketer Published.com Article Directories Word Count Utility Search U Publish by: Title Author Keyword

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