Personal Finance Lesson Plans

Living wills have received a great deal of attention due to the recent Terry Schiavo situation. Because her end-of-life wishes were in dispute, family members battled each other in the courts over her treatment and care. By having a proper Living Will, you can avoid such confusion. But a Living Will doesn’t ensure you have all your bases covered. There are other equally important documents you must have in place.

Collection accounts are actually uncollected debts sold by your creditors to collection agencies in order to declare them as losses. These collection agencies obtain collection accounts but pay only a small portion of the original amount. Because they already paid for the debt collection, these collection agencies will try to employ scare tactics as well as other illegal tactics in order to receive payment fro these collection accounts.

which permits the creation of “financial services” firms. Endowed with the powers to engage in various banking, brokerage, and insurance activities, these firms created asset management accounts in order to attract customers.

TIP: If you want to deal with a single financial institution only for all of your banking and brokerage needs, an asset management account may be the ideal solution.

Every tax payer is constantly seeking ways and means to pay lower taxes. According to financial wizards those who actually pay lower taxes for large incomes earned are wise and great decision makers. Statistics show that most people pay higher taxes because:

• They are not up-to-date with tax laws.

• Are sloppy with their accounting methods.

If you are serious about saving on taxes you need to know, what the common tax mistakes people make are and ensure that you avoid them. What you can do is:

Doubling Stocks Review: Is it a Scam? If you are looking for the truth about Doubling Stocks, this is a must read.

What The Others Won’t Tell You.

I have always thought there was something wrong with Doubling Stocks. It’s so cheap. you know they can’t be making any money at all from their newsletter. Yet it is very good. I kept asking myself, why are they doing this? What’s in it for them?

At first, I reasoned that they are buying their own picks before putting them in the newsletter. Then when their subscribers start buying, the price is driven up and they sell (pump & dump). But I am relieved to say that doesn’t seem to be the case.

If you’re self employed, you’re affluent, you’re married, you have direct clients, business partners or you’re just concerned that you’re overpaying your taxes, there’s a strong possibility that you should be protecting your finances and assets offshore.

For many people, going offshore is like buying insurance against anything from overpayment of tax maybe, to the attrition of assets or wealth as a result of litigation, divorce, law suits or business suspension perhaps – but the one key thing to understand about offshore asset protection is this – if you’re going to do it, do it sooner rather than later…

Debt consolidation is usually mistaken with debt consolidation loan. A debt consolidation loan is different in the sense that you need to take on another loan, usually secured on your valuable assets such as your house, to cover all your existing debts.

Consolidating your debt means rolling all your debts into one. This option is available for individual or families that are unable to meet debt payments on several unsecured debts. Debt consolidation programs maybe run by a non-profit organization or a private company. They can help you select the best option suitable for your particular needs.

Last week I explained in theory how you can legally avoid paying taxes on gifts and inheritances. Avoiding taxes on gifts and inheritances is based on cost-basis. To help you apply this to your situation I want to share some real-life examples of how my clients use these principles to legally avoid paying taxes on gifts and inheritances.

In California and other high-priced areas, many home buyers purchased their homes with sub-prime loans. This group of loans offered a lower payment structure for two to three years with the hopes of refinancing loan into a more permanent loan structure. Most homebuyers that purchased up until 2004 were successful in doing a refinance with the large appreciation that occurred during that time period. For the homeowner who purchased after that period it has been a totally different scenario. Many have found themselves stuck with a loan that they could not refinance due to declining values and loan products that were no longer available.

The game comes in the form of an e-book which outlines the rules of the game. Basically, its a mind game, hence the name of the book, The Money Mind Game. It teaches us how to master our own financial lives by applying the money mind.

He states in the book that “People who have money think differently to people who don’t.” This is what the book is all about - how to think like a millionaire and create wealth our own way. “The only difference between a wealthy person and a poor person is what they believe about money; in essence their thinking.”