July 26, 2017

Items in italics are direct quotes from the articles below

http://www.marketwatch.com/story/floyd-mayweathers-tax-strategy-would-knock-out-your-finances-2017-07-19

You don’t have to be Floyd “Money” Mayweather to find yourself in significant tax trouble thanks to self-employment income or a one-time windfall.

Boxer Floyd Mayweather’s upcoming bout against UFC mixed martial arts fighter Conor McGregor, who is making his boxing debut, stands to make Mayweather a minimum of $100 million, according to Boxing Scene writer Keith Idec. However, if he meets several of the clauses in his contract, that figure could swell to nearly $400 million.

According to the folks at Law 360, however, at least a portion of that will go toward paying for back taxes. Despite making $700 million during his career, Mayweather has asked for “a short-term installment agreement of under three months” to pay an amount that the Associated Press has pegged at $22,238,255. Reporter Oskar Garcia even posted the Internal Revenue Service lien against Mayweather on Twitter for context: (see article). Back in 2015, Mayweather had earned $250 million in his fight against Manny Pacquiao. Shomari Hearn points out that there are several factors that can make a tax lien that large: Owing more than $22 million for the 2015 tax year means that the amount that’s on the tax lien includes a bunch of penalties and interest charges as well,” he says. “If you underpay your tax liability for self-employment income, you need to cover at least 100% of the expected tax liability for that year or 110% of the previous year’s liability to avoid penalties and interest.”

Hearn notes that self-employed workers or people who come into a windfall (lottery winnings, sale of a business, etc.) typically run afoul of tax issues similar to those Mayweather is facing. If they’re unaware that a percentage needs to be withheld for tax purposes, or are used to any employer or human relations department walking them through tax withholdings, they could find themselves staring down a tax assessment and lien of their own. It’s important to do tax projections to see how much you could potentially pay in taxes, and begin setting aside a portion of your income. If you know funds are going to be coming in then act. If you find yourself in Mayweather’s position then consider these three actions. “First, keep all correspondence you receive from the IRS about how much you owe. Second, hold on to a copy of the tax return from the year or years in question and see what you reported and/or what you’re underreporting. Finally, figure out how much is due and a way to pay that balance off that’s within your budget. Also, if possible, have a plan in place for the current year so your earnings aren’t in similar peril around the same time next year.”  Whether you agree with our current tax system or not, it’s important to pay your taxes and avoid unnecessary penalties and the stress of the IRS. Consider consulting with a tax attorney for relief, and at the same time get with a qualified accountant or tax specialist to see if there’s any way to take advantage of the tax incentives that are built into the law. Personally, I examine at least 50 tax returns per year when I’m analyzing credit. The consistent theme I see is that the truly rich limit their tax liability, and yet still have plenty of income.

https://www.inc.com/heather-r-morgan/5-writing-tricks-that-will-help-you-appeal-to-short-attention-spans.html

Ask any copywriter to name their biggest challenge today, and ten to one will tell you it’s writing for the ever-shrinking attention span. Whether we really do have shorter attention spans than goldfish, as the news tells us, or we’re just lazier, there’s no denying our tolerance for lengthy, complicated text has nosedived in recent years. For those in the business of writing cold emails every day, this is a constant source of frustration. It’s hard enough to get a potential buyer past the subject line of a message, so it’s downright disheartening to know that when you do, there’s no guarantee someone will read to the end. How many of us simply glance at a long email and quickly move on, or sometimes need a dictionary to understand a pitch? Have you ever received an email that felt more appropriate for a creative-writing class than a business relationship? These mistakes aren’t exclusive to sales, but they’ll sabotage a cold email in mere seconds. To keep your potential customers reading and your chances of closing a deal higher, follow these five easy copywriting strategies: Assume  your reader is lazy, keep sentences short, use simple words, tear down walls of text, and write to a mobile audience. As the world transitions to a more visual form of communication, writing will still have value, but writers will need to be able to be more clear and effective with the words they use. In helping a friend design her blog, I even suggested that she simply type a sentence, and include a video link at the bottom. You should understand that because your audience is more mobile, the attention span will be shorter, and you must account for other business owners wanting to make their presence seen in the global marketplace. In your communication keep it short and effective but know your audience. Remember that your words have power, but your reputation does too. The stronger your relationship is with the audience, or your recipient, the more likely the person is to read your words.

 

Going forward, the weekly blog will be posted on Saturdays. I’m currently writing and reading new articles so thank you for your patience.

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

This week, I’ve included RETRAIN YOUR BRAIN – Best Motivational Video for Success in Life & Study 2017 from the Be Inspired YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

 

 

July 5, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/signs-youll-never-be-rich-2016-4/

Contrary to popular belief, “Everyone has the same opportunity to acquire wealth,” says self-made millionaire Steve Siebold. But is wealth in the cards for you? To help you evaluate that, we’ve rounded up nine red flags to watch out for. While no one can predict the future, the following choices most likely won’t accelerate your path to riches. The 9 signs you’ll never be rich are: you put too much emphasis on saving – and not enough on earning, you haven’t started investing, you’re content with a steady paycheck, you buy things you can’t afford, you’re pursuing someone else’s dreams – not your own, you rarely step outside of your comfort zone, you don’t have goals for your money, you spend first and save what’s left over, and you believe getting rich is out of your reach. It’s important to save money to invest, however at some point you must take action and begin to focus on earning. “The masses are so focused on clipping coupons and living frugally they miss major opportunities,” Siebold writes. It’s important to not focus on losing money, but to focus on making it work hard for you. Some experts say that “it’s not about how much money you make, it’s about how much you keep,” but this shouldn’t be an excuse to disregard earning completely. To keep money, you have to earn it in the first place. A common thread among millionaires is that they develop multiple streams of income and have smart savings habits. It’s important to start investing today. It’s true the earlier you invest, the more the power of compound interest can help you, but also keep in mind that taking action is one of the most important steps. Your average person is content with being paid for their time vs. a rich person will wait to be paid based on results. Another important factor is if you’re living above your means then the unnecessary luxury items could be hindering your ability to build wealth. “When you pursue someone else’s dreams or goals, you may eventually become unhappy with your chosen profession,” he writes in “Change Your Habits, Change Your Life.” “Your performance and compensation will reflect it. You will eke out a living, struggling financially. You simply won’t have the passion that is necessary for success to happen.” You must be willing to step out of your comfort zone, and by doing this step, you’ll in time grow into a new level of personal success. Everything worthwhile in life is uphill. Rich people want to attain wealth and set attainable measurable goals. Put it down on paper and go after it. If you want to get rich, pay yourself first. “What most people do when they earn a dollar is pay everyone else first,” self-made millionaire David Bach writes in “The Automatic Millionaire.” “They pay the landlord, the credit card company, the telephone company, the government, and on and on.” Rather than spending and then saving whatever is leftover, save first. Set aside at least 10% of your gross income and make the process automatic, Bach emphasizes. That way, you’ll never even see the money and you’ll learn to live without it. Finally, what you personally think is critical. Your thoughts are words, and your words are powerful because they do become flesh. You live in an abundant world and you’re blessed with unique gifts, and perspective. Use your life to create massive value for those around you. Blessed are the problem solvers, so go find some problems to solve.

http://www.marketwatch.com/story/charles-barkley-just-say-no-to-friends-and-family-who-ask-for-money-2017-07-01

NBA great Charles Barkley has some sound advice for rookies: Don’t give your money away to family and friends. “The first thing you do is learn how to save your money ’cause your family and friends are the worst people to spend your money. It has been that way for a long time. Barkley estimates that 60% or 70% of professional athletes go broke, “and 90% of the time it is because of family and friends.” “You have to learn to say the magic word: no,” Barkley recommends. “I do not owe you anything. If I want to do something for family, I’ll do it — but I do not have to keep them on payroll and support them their entire life. I lost a lot of family and friends because of that, and it was money well spent getting rid of them.” It’s not easy to say no, however there are moments when you want to take inventory of the situation and then weigh the consequences of saying yes. If you don’t stand for something, then you’ll fall for everything. Personally, I measure my yes and no against my value system which is the Bible. I also will consult with my wife and closest friends on issues that could involve a no. If it’s a financial decision then I talk with my wife even if I know the answer will be yes out of mutual respect and trust. Sometimes you can’t trust your own judgement so seek wise counsel.

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

This week, I’ve included STOP WISHING , START DOING – Powerful Motivation from the Success Archive YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG


June 28, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/barbara-corcoran-swears-by-1-interview-question-2017-6

When Barbara Corcoran interviewed candidates for her successful real-estate brokerage, she never bothered to read their résumés first. Résumés can be easily fabricated and perfectly finessed, so she didn’t see the point. Instead, she wanted to know one key fact about each potential employee: Was he or she happy? The “Shark Tank” star looks deeply at a person’s personality and drive. Her one interview question which helps her determine if someone fits her company is: tell me about your family. Corcoran says she wants to know about a prospective employee’s parents. How he or she grew up. How someone speaks about family reveals so much about how that person learned to approach challenges. By the time someone is sitting across from you in an interview, his or her perspective is most likely pretty ingrained. “If their family couldn’t give them a positive attitude, there’s nothing I can do that’s going to change it,” she says. From her point of view, unhappy people often don’t reach their full potential. She especially hates complainers, and doesn’t tolerate those who play the victim card. She even has a dramatic way to move on from complain-y entrepreneurs. When she first signs a deal with any entrepreneur, she displays his or her photo on the wall of her office. But the moment she hears that entrepreneur start playing the victim card, she flips the photo over. “They’ll never succeed. Victims don’t succeed,” she says. The words you speak into your soul have power over you. Good words can produce good results, but even deeper than that you need to have faith in your words too. Even if you don’t believe them initially, constantly search for your inner why, and begin surrounding yourself with those who are willing to walk with you. Build a community if you must, but ultimately discover purpose and make a difference. If you fall, then get back up until you climb your personal mountain. Successful investors will invest in you if you have the tenacity and conviction to follow through with your plans. Your words are important, and they will bring life or death.


http://www.businessinsider.com/how-stop-overspending-2017-6

At just 27 years old, the blogger behind the Money Wizard — who goes by the pen name Sean online — has banked more than $181,000. He’s on a mission to retire early, at age 37. Sean saves 65% of his take-home pay — he earns $80,000 a year as a financial analyst — and still manages to travel frequently. “Probably what’s most driving me [to retire early] — I just want freedom,” he told Business Insider. “So many people get caught up in the race of materialism, thinking that next house or next car is what will make them happy. I think happiness comes from freedom. I just want to be able to do what I want, without financial worry.” He saves automatically each month, putting his money into a 401(k), IRA, and index funds. “Saving off the top,” he said, is the best strategy for socking away money because you don’t miss the cash if you don’t see it in the first place. Sean’s philosophy for building wealth is based on calculating the value of his time in dollars. “Understanding that, at its core, money is a unit of exchange for time … every purchase costs me time — the most limited resource we have,” he said. Before buying something, Sean often calculates the true cost of the purchase, in terms of the time it took him to earn the amount, to put it into perspective. “If I buy a $30 dinner, that dinner is paid for in after-tax dollars and is subject to sales tax. If I’m in the 25% tax bracket and the dinner is subject to a 10% meal tax, that $30 dinner costs nearly $45. After considering the time spent working to earn $45, is the fancy dinner still worth it?” he said. How much is your time worth to you? There’s only 24 hours in a day, seven days in a week, and 12 months in a year. Try Sean’s exercise and consider how much time at work you must sacrifice every time you buy something you don’t need. Make your money work for you, and learn how to work smart not just harder. Your imagination can create new and wonderful ways to make life better. How can you make a difference? How can you take this difference and place it in a business model? Can this business become an income producing asset? Can the business be scaled? How much money do you need to live? These are all deep personal questions that you should take the time to think about. Once you are done thinking, act and make life happen.

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included GET UNSTUCK FROM DESTRUCTIVE HABITS – Motivational Video for Success & Studying (end laziness) from Be Inspired YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

June 14, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/how-to-stop-using-filler-words-speech-presentation-2016-12

Americans are famous for using filler words like “um”, “uh”, “like” and “y’know”. On average, we utter two to three filler words for every 100 words we speak. One method to stop using filler words is the clap method. Ask someone to listen to you speak and clap whenever you use a filler word. It will seem weird at first, but you’ll be able to determine how many filler words you use in your daily conversation. The self-recording method involves setting up a camera or cell phone device to record yourself during conversation. The best way to correct yourself from using filler words is by pausing in between each thought. “It is a matter of training yourself to tolerate a long pause and telling yourself that you will not lose people’s attention or respect.” – Paula Statman. People will also use filler words when experiencing anxiety. A good way to manage this anxiety is to shift your focus to helping the audience. Finally, it’s important to practice giving speeches, so you will build your confidence. The best way to communicate your spirit is through your words, and in my opinion the most efficient and effective way to communicate your words is through speaking. Your spoken words can communicate tone in a way that written words can’t. Remember that words are powerful. Words can become flesh.

https://www.bloomberg.com/news/articles/2017-04-25/renaissance-mints-another-billionaire-with-two-more-on-the-cusp

“Today a reader, tomorrow a leader.”

―Margaret Fuller

Want to know one of the “secrets” to becoming a better leader? Become a more voracious reader. One of the best ways to “stand on the shoulders of giants” is to read. We hear it all the time–that the most successful people, our greatest leaders, are people who read constantly (including Bill Gates, Steve Jobs, Elon Musk, and Warren Buffett). Reading for leaders is a way to broaden their knowledge, to expand their world view, to gain insight and widen their perspectives. But the secret is knowing what to read. Not every book will get you where you need to be. Here is my list of the top five books you must read if you want to become a more successful, well-rounded leader. The five books are: The Leadership Gap: What Gets Between You and Your Greatness, Turn the Ship Around! A True Story of Turning Followers into Leaders, Give and Take: Why Helping Others Drives Our Success, The 48 Laws of Power, and Wooden on Leadership: How to Create a Winning Organization. Each book is worth reading, however I’ve selected a direct quote from the article regarding the 48 Laws of Power. “When you show yourself to the world and display your talents, you naturally stir all kinds of resentment, envy, and other manifestations of insecurity. … You cannot spend your life worrying about the petty feelings of others.” A contrast to the usual “feel-good” tone of most leadership books, The 48 Laws of Power brings a hard-edged ruthless grit based on the philosophies of Machiavelli, Sun Tzu, and Carl Von Clausewitz and stories of politicians and other manipulators throughout history. Robert Greene’s “48 laws” focus on making yourself look good, building your own confidence, self-preservation, and winning. Even if it’s a message you’re not entirely comfortable with, it’s one you need to know. It’s important to listen to different points of view even if you may not agree with the point of view. Each of these books, I believe will help draw out the leader in you. Be a servant leader and serve for the greater good of eternity and legacy. Just remember that when you lead you can be the target that gets hit first, so be true to the values you believe in.

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included SINK OR SWIM – Motivational Video | You don’t have to face yourself on Friday from Fight it or Accept it YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

March 15, 2017

http://www.investopedia.com/news/rich-get-richer-savers-lose-1-trillion/

America’s Gilded Age in the late nineteenth century was famous for industrialists who amassed unimaginable wealth — such as John D. Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt – and also for the era’s startling poverty. The U.S. is seeing something like that today. The booming stock market, up three-fold since the financial crisis, is no source of excitement for risk-averse small investors and savers, particularly retirees who expected to live off interest income. From 2008 through 2015, U.S. savers lost nearly $1 trillion of income from the cratering of yields on bank deposits and bonds, according to research by insurance company Swiss Re cited by the Wall Street Journal. And that’s even after adjusting for the benefit from paying lower rates on personal debt. Back in 2007 one-year CD yields were close to 4%, and currently one-year CD yields are less than 1%. Many retirees who were dependent upon these higher rates are being forced to find spare to part time work just to make ends meet. Some are moving into the stock market in the hopes of higher yields, and some can’t pay their bills. Time is a valuable tool, and to take advantage of compounding interest, a person must start early and often. A person should constantly be investing in his financial education and at the same time continue to create value for the sake of generating income and or security. I do recommend teaching yourself the self-lending principle as a means of breaking free from the cycle of consumer debt. When you buy assets, buy assets that are passive income producing that can be turned into a system and scaled. Without being creative, I argue a person could become a victim of the wealth gap that today’s current retirees are experiencing. That wealth gap is highlighted by the disparity between the pay of CEOs and their workers, which grew even wider in 2016, according to a study by consulting firm Compensation Advisory Partners, as cited in a Bloomberg story. The study looked at 42 U.S. public companies, a relatively small sampling, but it nonetheless is sure to spark debate. It found a 5.5% median pay hike for their CEOs, roughly double the 2.8% rise for the year in hourly pay for non-farm private sector workers, according to the U.S. Bureau of Labor Statistics. There is an income gap between workers and CEOs, so it’s important to work your job but also mind your business. What is your business? Your life. Every penny that comes into your bank account is your responsibility. Make your money work for you without you having to always work for it.

http://www.marketwatch.com/story/robert-kiyosaki-says-entrepreneurs-should-read-this-book—-it-will-talk-to-your-soul-2017-02-28

Robert Kiyosaki has an unusual reading recommendation for would-be entrepreneurs — one that even the most devoted fans of the “Rich Dad, Poor Dad” author might not see coming. It tells the story of a knight about to meet his death in battle. It’s written by a Hollywood movie star. For Kiyosaki, it’s become a treasured read. “Believe it or not I read a lot of spiritual books. One of the best is ‘Rules for a Knight’ by Ethan Hawke,” Kiyosaki said during a January interview, when asked if there were any books he would recommend for MarketWatch readers. “It’s so well written, talks to your soul,” he said of the book. “All my friends are entrepreneurs and they all get copies of it.” This books takes the form of a letter from a knight written to his children right before battle, and it outlines the rules for being a knight. That may not sound like fertile material for learning the secret to success in the 21st century business world, but the knight’s rules do have an aura of entrepreneurial mantra about them. The rule for humility begins, “Never announce that you are a knight, simply behave as one,” while the rule for gratitude states, “For all that has been, a knight says, ‘Thank you.’ For all that is to come, a knight says, ‘Yes!’ ” Robert Kiyosaki states that he only operates at the highest of spiritual values and seeks to do business with people with similar values. Values such as integrity, and honor are words with significant meaning. Personally, I look for a person with strong spiritual values such as transparency, integrity, and consistency. Another book he recommends is “The Untethered Soul,” by Michael A. Singe. If you prefer your reading to be more firmly rooted in the worlds of business and finance, Kiyosaki suggested two books on economics in MarketWatch’s live interview with him in August, which you can read more about here. Robert Kiyosaki’s “Rich Dad Poor Dad” is coming upon its 20th anniversary, and it is a good introduction into looking at money differently. This book was personally recommended by my good friend. His mentoring and this book helped shape in part how I look at finances. If you read that book, then you must read his second book “Cashflow Quadrant”. If you don’t enjoy reading, then I suggest the audio book version or even the short summary clips you can find on YouTube. However, reading is essential to being able to see into how a writer thinks and it’s not the same as a quick edited version. I’ve found that when I’m struggling to read a book, I read something I enjoy reading and then pick up and read from the book I’m struggling with. Block out a time even if you have to set an alarm for it to make the time to read. Your brain is a muscle and it needs a work out from time to time.

Items in italics are direct quotes from the articles above

If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included The Wisdom – Bruce Lee from the Absolute Motivation YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.” – Proverbs 28:26 MSG‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

February 22, 2017

https://www.bloomberg.com/news/articles/2017-02-16/norway-central-bank-chief-warns-of-sharp-drop-in-wealth-fund

Norway’s central bank governor sharpened his warning on rising spending of oil revenue as he drew up scenarios for a 50 percent loss of capital over the next 10 years for the world’s biggest sovereign wealth fund. Governor Oystein Olsen said that the continued rise in oil cash spending, which now accounts for about 20 percent of the budget and 8 percent of gross domestic product, must now be halted to protect the $900 billion fund, the world’s largest sovereign pool of cash. “With a high level of oil revenue spending, there’s a risk of a sharp reduction in the fund’s capital,” Olsen said in the traditional Annual Address in Oslo Thursday. “This could, for example, happen if a global recession triggers both a decline in oil revenue and low or negative returns on the fund’s capital.”  This conservative government was forced to dip into this fund for the first-time to cover its budget and protect the economy amid plunging oil prices. The Norway central bank oversees the fund, and has been able to have outflows without selling assets, however there are worst case scenarios. For example, it sees a 1 percent chance of a 50 percent decline over 10 years if spending is kept at the current level of about 3 percent of the fund. If spending is raised to 4 percent that probability rises to about 5 percent. If the fund’s allocation to stocks is boosted to 75 percent from 60 percent, which is currently being discussed, the probabilities rise even further to about 2 percent and 6 percent, respectively. The government had come up with various strategies to replenish the fund such as increasing the stock portion in the fund. In the end, it’s a combination of monetary policy and fiscal spending which has saved Norway’s economy. “It must be recognized, however, that the longer-term challenges facing the Norwegian economy can’t be resolved by spending more oil revenue and keeping interest rates low,” he said in the speech, arguing the Norwegian economy needs more legs to stand on. My concern is the effect of our aging generations globally. As our baby boomers reach the retirement age, I believe there will be a shift in the stock markets, and this shift will affect pension plans, and a lot of the wealth funds globally. The question is how will these countries find ways to continue to increase their gross domestic product? How will the coming change from oil to electric affect established industries? Just as important, how will the changes in the next decade affect you?

http://www.business2community.com/social-media/social-video-dynamic-duo-marketing-2017-01777615#XkuWiUK8RxE1hB7I.97

The boundaries of social media are endless and the number of people you can reach through it is limitless. The impact social media has on our society can pose many disadvantages, but it presents many advantages for companies. Businesses can build an advantage over their competitors and reach a wider market than ever before by adopting creative ways to brand themselves. Traditional marketing tactics like direct mailing, and telemarketing have all gone downwards. With advancements like ad block technologies, the world’s simply gone numb to conventional strategies businesses used to market their brand. What’s a compelling way to win over your audience in today’s digital world? By creating unique and interesting content, of course. And what epitomizes unique and interesting content more than video? Video is undoubtedly the most effective form of visual content in regards to driving brand engagement. The world’s riding the wave of digital transformation so it’s necessary marketers do so as well. The author suggests five simple tips to integrate video into your social media strategy: create killer content, engage with everyone, live stream, partner with influencers, and move fast. When creating content, it’s important to ensure that it is relevant, that you’re knowledgeable, and credible. Another important factor is being able to inject humor and to keep it lighthearted. If your audience is for a specific target market, then adjust your content as necessary. Listening to your audience and replying is important in showing that you’re paying attention to your audience. Live streaming is an important tool to build your audience too, because it allows your audience to get a personal glimpse behind how you operate, and makes the audience feel a part of the process. Influencer marketing is soaring and this is the optimal time to hop on the bandwagon. Influencers are masters of their craft who have a loyal following, regardless of how big it is. A big segment of successful influencer marketing is achieved through video. Just go on YouTube, the holy land of influencers (and where influencer and brand partnering can easily go unnoticed) and you will see a sea of this marketing strategy. You can significantly increase reach by partnering with the right influencers and are likely to reach more authentic leads and potential customers than traditional marketing. Finally, topics and trends are constantly changing so it is important to stay relevant, however do not sacrifice your good quality content by trying to stay current. Video and social are the cool kids on the block in 2017 and beyond. Leverage your social strategy with the powers of video today. Video is a forceful tool in driving social engagement and interaction. Capitalize on these powerful tools to boost your brand’s value and ultimately your bottom-line. Note: This in-depth guide by MarketPro may help you start your in-house video production initiative for as low as $200. Download free. If you are going to build your digital brand, then it’s important to not try to do it alone. Find a mentor, and learn from the person. If you want to be wise then walk with wise people, and remember a companion with fools will suffer a lot of harm. I often encourage the members of my small group to consider creating a YouTube channel, or some form of social media to get their presence out into the world. If you’re already using social media as a consumer, then why not use it and be a producer. Even if you don’t make a monetary return on your investment, you as an individual have a lifetime of experiences which some one of this world may see as valuable. Your life is your legacy.
Items in italics are direct quotes from the articles above

If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about Mustard Seed in the mustard seed section.

For this week, I’ve included VETERAN MINDSET – Military Motivation (ft. Jocko Willink) from the RedFrost Motivation YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.” Proverbs 28:26 MSG

February 15, 2017

http://www.investopedia.com/articles/financialcareers/07/portfolio_manager.asp

One of the most coveted careers in the financial industry is that of the portfolio manager. Portfolio managers work with a team of analysts and researchers, and are ultimately responsible for making the final investment decisions for a fund – or asset-management vehicle. While a portfolio manager is a position that a person must work his or her way up to over the course of a career, there are a few initial steps that you can take to help you on your way to being a portfolio manager. The author recommends that if you are in college and are interested in this type of career, then you need to have taken courses in business, economics, accounting and math. Many portfolio managers also possess the Chartered Financial Analyst (CFA) charter. In order to achieve this designation, candidates must demonstrate a proficiency in financial and accounting terms and techniques, economics and quantitative analysis, as well as prove the required work experience. Portfolio managers are usually promoted from the position of research analyst. A research analyst has a framework on buying and selling a security as well as understanding the economic conditions that can affect a security. There are many types of portfolio manager positions determined by the size of a fund, type of investment vehicles, and investing style. A portfolio manager’s day involves checking the status of the financial markets, and keeping on top of current events. The manager will meet with analysts and make final decisions on the direction of securities in a fund. Managers also meet with high-level and or potential investors.

http://www.marketwatch.com/story/5-surprising-things-you-can-deduct-from-your-income-taxes-2015-02-27

“Can I deduct this?” When Americans sit down to fill out their income tax forms on or before the April 15 deadline, that’s the question they’ll likely ask the most. They may be shocked by how often the answer is “yes,” and the sheer variety of expenses they can deduct. Most people know that business-related items are usually tax deductible — no matter how odd. That could include body oil for a masseuse or professional body builder, says Dave Du Val, vice president of customer advocacy at TaxAudit.com, which is based in Sacramento, Calif. Ditto, free beer used for a sales promotion. But a recent survey showed that only 51% of over 1,000 people understood mostly basic questions about their income tax, and the estimated average $2,840 tax refund for 2017 likely does not include the refunds that people did not know they could claim.  Per the author, here are five things you can deduct from your income taxes: swimming pools, abortion, gambling losses, service dogs and dog food, gender confirmation surgery. In the case of the swimming pool, this deduction was allowed because the pool is used for swimming therapy and prescribed per a doctor. “If you have gambling gains, you can deduct a large number of expenses to go to Vegas up to the point where it offsets much or all of the gains,” says Scott Bishop, director of financial planning at STA Wealth Management in Houston. You can deduct your losses, but no more than your winnings in that tax year. Gambling income includes winnings from lotteries, raffles, horse races and casinos, and fair market value of prizes such as cars and trips. “To deduct your losses, you must be able to provide receipts, tickets, statements or other records,” the IRS states. For casinos, you need copies of check cashing records. Some states don’t give deductions on gambling losses, however. In this article, various examples are presented. It’s important to understand that tax avoidance is legal and tax evasion is illegal.  Tax avoidance as defined by www.investopedia.com is the use of legal methods to modify an individual’s financial situation to lower the amount of income tax owed. This is generally accomplished by claiming the permissible deductions and credits. This practice differs from tax evasion, which uses illegal methods, such as underreporting income to avoid paying taxes. It’s about paying the amount in taxes that you owe, and taking advantage of every possible tax deduction that is legally available to lower your tax liability. There are two certainties if you live in the U.S., death and taxes. One of these can be lowered, and the other will come sooner or later. It’s important to keep as much income as possible to create a legacy for your children’s children and the world around you.

If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about Mustard Seed in the mustard seed section.

For this week, I’ve included CHANGE YOUR MIND AND BECOME SUCCESSFUL – Best Motivational Videos Compilation for 2017 from the Be Inspired YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.” Proverbs 28:26 MSG