How to save BIG TAX money with a section 105 plan podcast


Are you a small business owner and want to keep more of what you earn?  You maybe able to use the a section 105 plan so you can SAVE BIG!  Check it out!  For more information contact Gene Hamilton at 401-327-0166 or gene.hamilton@tasconline.com and please tell him Financial Freedom Classroom sent you!

How to save BIG TAX money with a section 105 plan

Are you a small business owner and want to keep more of what you earn?  You maybe able to use the a section 105 plan so you can SAVE BIG!  Check it out!  For more information contact Gene Hamilton at 401-327-0166 or gene.hamilton@tasconline.com and please tell him Financial Freedom Classroom sent you!

Don’t Let THIS Happen to You…Tax Horror Stories

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!

FREE Personal Finance Course – GET IT TODAY!

The opportunity to grab a copy of Suze Orman’s Personal Finance Online Course for FREE ends TODAY!  Take control of your financial life.  Here are some of the topics she covers.

  • Overcoming your Financial Obstacles
  • Be Debt-Free
  • Retirement Rules
  • Invest for Success
  • Big Ticket Items: Buying a Car or Home
  • Making Finances a Family Affair
  • The Must Have Documents & Insurance

While we haven’t had a chance to look over the course yet, we agree with most of Suze’s opinions and are sure it is a great course.  Click here to grab your copy!

Get the best bang from your credit card

Shopping for a 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.com/ to help determine what card works best with your spending habits.  Check it out!

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

Healthcare On Smartphone Shows Medical Care And Healthy Living

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

Your money taking care of you on the beach!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.

 

6 free sensational apps for your properties

Color Swatches and plansInformation is important when making decisions.  Especially when real estate investments are on the line.  Here are some FREE apps that can give you some information when you are on the road and may need to make a quick decision.

1.  iFixIt – There is repair information on topics like plumbing, electrical, doors, windows, appliances and even swimming pools which can give you a quick idea of what might be the problem and how to fix it.

2.  Handyman Calculator – Complete construction calculator used to calculate materials and time on various projects.

3.  iHandy Level – Use your phone as a fully functional level with calibration capability.

4.  MagicPlan – This app can measure your rooms and draws floor plan just by taking pictures.  No more tape measures!

5.  Benjamin Moore Color Capture and Sherwin-Williams ColorSnap – Snap a picture of any painted wall and get a match from either manufacturer.  Quick and easy!

6.  Houzz – Can provide interior and exterior design inspiration with photos by style, room and location.  Get inspired!

We hope you can make use of these great apps to save time and money on the properties you own.

Please list any other real estate apps in the comment section that you use that could help others.  Thank you!