financial freedom

Where are your eggs? Asset Allocation Webinar

January 18, 2015 by admin

Just in case you missed it, here is a copy of our webinar from Thursday, January 15, 2015, “Where are your eggs? Asset Allocation”.

Join us this coming Thursday at 7:30pm EST on January 22, 2015 for a very informative webinar entitled “Taxes; The Good, The Bad and The Ugly” with our friend Kim Landry, CPA! If you have tax questions you would like answered, please send them in to questions@financialfreedomclassroom.com and we will do our best to include them.

If you haven’t already, sign up to get an invite to the webinars on our website. We hope you can join us!

Filed Under: Money Management, Real Estate, Stock Market, Webinar Tagged With: Asset Allocation, financial freedom, Investing, Mondy Management, Real Estate, saving, Stock Market, Webinar

Find a way to make the bleeding stop!

January 16, 2015 by admin

Image courtesy of hywards from www.freedigitalphotos.net

If you are paying PMI (Private Mortgage Insurance) stop it as quickly as possible! PMI is insurance a lender charges if your down payment on a home is less than 20 percent of the appraised value or sale price. The following article by Consumer Financial Protection Bureau has ways to remove PMI from your life. Take action on this! If your balance is too high, make extra principal payments to pay the mortgage down as quickly as possible. You can do this! Even after the balance is low enough to remove the PMI you could continue to pay down your principal with those extra payments.

Of course in a perfect world you wouldn’t have a mortgage at all. Just imagine…it can happen!

Are you mortgage free or plan to be? If so, please comment on what it means to you!

Filed Under: Money Management Tagged With: debt free, financial freedom, Money Management, Mortgage, PMI

6 Sensational Businesses to Start (even in a recession)

January 15, 2015 by admin

Image courtesy of Tina Phillips from www.freedigitalphotos.net

Candy – When times are bad we all need something to sweeten our day. Candy can be affordable and is commonly bought impulsively. That is why you see it at every checkout counter around!

Veterinary services – Most pet owners have very strong connections with their animals. They will always make sure they have the care they need.

Thrift stores – No matter how much people are spending they always like to shop and spend less.

Death care services – Unfortunately it happens to all of us and we need it no matter what the economy is.

Cosmetics – Put on a little color and it can brighten your world. Makeup helps people feel good about themselves.

Home health care services – With the hospital stays getting shorter but costing more, home health care services will continue to grow with the need.

Can you share other businesses ideas that could thrive under any economic condition? Please share.

Filed Under: Business Boost Tagged With: Business Development, business ideas, financial freedom

Give yourself a raise!

January 12, 2015 by admin

“Hand Puts A Penny To A Heap Of British Coins” by Serge Bertasius Photography from freedigitalphotos.net

Does your employer offer a matching contribution pension plan? If so, give yourself a raise! It is a guaranteed return. Consider even contributing beyond the amount your employer will match but ALWAYS contribute to maximize the match. The IRS has rules and yearly contribution limits. Check them out at http://www.irs.gov/Retirement-Plans/401(k)-Plans.

Very carefully review your investing options inside the plan and select the appropriate mix of investments to make it grow! With generous donations and good management your account should keep growing. It will eventually become a large part of your financial support when you retire.

If your company has a retirement plan what is the matching contribution rate? Please comment.

Filed Under: Career Development, Money Management Tagged With: 401K, 403B, financial freedom, personal finan, Retirement savings, TSP

Are you interested in becoming a Landlord?

January 10, 2015 by admin

Just in case you missed it, here is a copy of our webinar from Thursday, January 8, 2015, “Are you interested in becoming a Landlord?” Join us this coming Thursday at 7:30pm EST on January 15, 2015 for an exciting webinar on ASSET ALLOCATION! Just sign up to get an invite to the webinars on our website. We hope you can join us!

Filed Under: Real Estate, Webinar Tagged With: financial freedom, Investing, Landlord, Real Estate, rentals

CNBC can be part of your success

January 8, 2015 by admin

“Life Process Sticky Paper On Glass With Drops Water Background” by 2nix from freedigitalphotos.net

Need some fresh ideas for a new business or your existing business? Invest some time in watching CNBC! They have some fantastic shows to spark ideas to take your business to the next level. Shark Tank has some wonderful ideas and a lot of education on business. There are at least five investors on a panel that hear about businesses and products. The business owners come on the show to ask investors to invest in their business. It is very entertaining and educational with a very likable cast of investors.

Another great show is The Profit. Marcus Lemonis is a very successful entrepreneur who invests in struggling businesses to make them VERY profitable. He discusses his theory of the three P’s of business, People, Process and Product. Again, this very educational show can provide ideas for new business owners or fresh ideas to reignite established businesses.

What new business idea have you tried that was successful? Please comment.

Filed Under: Business Boost Tagged With: Barbara Corcoran, Business Development, Business management, CNBC, Daymon John, financial freedom, Kevin O'leary, Lori Greiner, Marcus Lemonis, Mark Cuban, Robert Herjavec, Shark Tank, The Profit

To flip or buy and hold…that is the question.

January 6, 2015 by admin

Real-estate Concept. Sold Sign, People And Home by cooldesign from freedigitalphotos.net

Real estate can be a great way to invest your money. However, you must be careful. It cannot be an emotional or a desperate purchase. The decision must be factually based and VERY carefully analyzed. Buy with the end in mind.

There are two different strategies that we will be focusing on for real estate investing. One is buy and hold; the other is to flip properties. Your choice depends on what your goals are and the current market conditions. I have heard other investors state that they put so much effort into each deal they want to hold onto them, but it really depends…

Do you like to flip or hold and why? Please comment.

Filed Under: Real Estate Tagged With: Buy, Buy and Hold, financial freedom, Flip, Properties, Real Estate, Real Estate Investing

If you don’t love it, make a plan to leave it.

January 5, 2015 by admin

Angry Businessman Crushing Paper by imagerymajestic from freedigitalphotos.net

If dislike your career, start making a plan to find one you can be positively passionate about. Our work can generate strong emotions and the amount of time you spend each week working is substantial. It is very possible your negative emotions will carry over to your relationships and job performance. It will be very difficult to be a top income earner if you are not in the proper mindset. Also, you owe it to yourself and those around you to be happy most of the time. If you don’t love it, make a plan to leave it.

What career are you passionate about? Please comment.

Filed Under: Career Development Tagged With: Career, Career Development, financial freedom, income, Job, personal finance

No, I won’t be quiet! The library is a great source of FREE entertainment!

January 2, 2015 by admin

Your local library can be a remarkable resource for all kinds of savings for your family. The obvious is all the books they have, but did you know that if you can’t find what you need at the library you can get an “interlibrary loan” so you don’t have to go out and buy the book. There are also on-line books and audios that you can borrow right from home without going into the library. The library also has movies to borrow which can eliminate any DVD or Blue Ray rental fees. Do you like to go to museums? Many libraries have free passes to borrow, which can be a big saver! Enjoy some FREE time with your family this weekend, visit your local library!

Photo credit: Shhh Stock Photo by photostock from freedigitalphotos.net

Filed Under: Money Management Tagged With: debt free, financial freedom, library, personal finance, saving