HAPPY THANKGIVING!!
Take this day to remember what you are thankful for...
Thursday, November 26, 2009
Thursday, September 10, 2009
Don't Buy Another Thing Online!!!!
That's right do not buy another thing online from me or anyone else until you work through what you have on your shelf already...
If your one of those people that buy the latest greatest money making program, business, mlm, affiliate thingy...THEN LISTEN CLEARLY--- You Need To Work On What You Have Already.
If you keep jumping from program to program, course to course, then YOU ARE DOOMED TO FAILURE...and you will forever be calling anything on the internet a scam.
The internet has its fair share of scams- not everything is above board and people are just selling stuff to make money- that is all true. Some businesses will be the hottest thing today and then be gone in a few months or even weeks - remember "Regenesis". With that said- there are a lot of good quality courses and businesses on the internet. Sometimes it is hard to choose which is which.
Over 95% of people fail online or in any business venture because of one reason-
THEY LACK FOCUS AND FOLLOW THROUGH!
If you are not willing to put out 110% for your future - do not even try. Unplug the computer and get a part time job at WalMart- it is steady income and you will never claim you got scammed.
If you are ready to fight for your future and learn what it takes to be successful then you should know what you are in for...
1. Hard Work- yeah that's right- no-one and I mean no-one is going to do it for you!
2. It may take a while- yes that's what I said- there is no overnight success- if you are looking for a get rich quick scheme- buy a lottery ticket!
3. You will need to learn and be willing to follow direction- if you are not willing to learn how to do something how can you possibly be successful at it.
4. Be Focused, I mean laser focused on your goal. There are many ways to make money online and not 1 way is the best- no matter what you are being told.
5. You need to concentrate on 1 thing at a time- do not get side tracked with all 'the grass is greener on the other side of the street' garbage.
So decide what you are going to do and go after it. There are too many people making money online for it not to work- just be consistent and learn the right way...
Have a Great Day...
That's right do not buy another thing online from me or anyone else until you work through what you have on your shelf already...
If your one of those people that buy the latest greatest money making program, business, mlm, affiliate thingy...THEN LISTEN CLEARLY--- You Need To Work On What You Have Already.
If you keep jumping from program to program, course to course, then YOU ARE DOOMED TO FAILURE...and you will forever be calling anything on the internet a scam.
The internet has its fair share of scams- not everything is above board and people are just selling stuff to make money- that is all true. Some businesses will be the hottest thing today and then be gone in a few months or even weeks - remember "Regenesis". With that said- there are a lot of good quality courses and businesses on the internet. Sometimes it is hard to choose which is which.
Over 95% of people fail online or in any business venture because of one reason-
THEY LACK FOCUS AND FOLLOW THROUGH!
If you are not willing to put out 110% for your future - do not even try. Unplug the computer and get a part time job at WalMart- it is steady income and you will never claim you got scammed.
If you are ready to fight for your future and learn what it takes to be successful then you should know what you are in for...
1. Hard Work- yeah that's right- no-one and I mean no-one is going to do it for you!
2. It may take a while- yes that's what I said- there is no overnight success- if you are looking for a get rich quick scheme- buy a lottery ticket!
3. You will need to learn and be willing to follow direction- if you are not willing to learn how to do something how can you possibly be successful at it.
4. Be Focused, I mean laser focused on your goal. There are many ways to make money online and not 1 way is the best- no matter what you are being told.
5. You need to concentrate on 1 thing at a time- do not get side tracked with all 'the grass is greener on the other side of the street' garbage.
So decide what you are going to do and go after it. There are too many people making money online for it not to work- just be consistent and learn the right way...
Have a Great Day...
Sunday, September 06, 2009
Do You Have A Fax Machine?
In the age of email, instant text, Twitter, Facebook and Myspace, one may think that the old ways of doing business are over. I mean who actually uses a fax machine anymore? The answer:
Alot of people!
Everyday I run into people who request information by fax or email. It's great by email since all I have to do is scan a document, put it into a PDF and email the attachment. That's great for sending info, but what about receiving it back. In fact most people I speak to from all over the world do not have a scanner, so they cannot scan something and email it to me. They must fax it to me. Now they can alway mail it to me, but if I need it right away I better have a means to get it by fax.
I am not saying go out and buy a fax machine, although it might be a good idea if you are going to do alot of business where you need signatures. There are alternatives to fax machines. Most computers have built in fax software that you can use with a scanner to fax info out. It uses the same line as your phone and if you will be using it occasionally it should suffice for that.
The unfortunate part about that is most of the time, you will have trouble receiving faxes. The answer to that problem is one of the online fax services. I use E-FAX...
EFAX is a great service that allows you, without a fax machine, to receive and even send faxes. I have put a button above so you can actually try it for free! I use it myself and would definitely recommend it if you do not already have a fax machine...
E-FAX is definitely not the only service around it is just the one I use. Search online to find others.
The bottom line, if you are serious about your business you need as many avenues as possible to reach your customers and business partners. Fax is just another way to communicate with them.
Have a Great Day...
In the age of email, instant text, Twitter, Facebook and Myspace, one may think that the old ways of doing business are over. I mean who actually uses a fax machine anymore? The answer:
Alot of people!
Everyday I run into people who request information by fax or email. It's great by email since all I have to do is scan a document, put it into a PDF and email the attachment. That's great for sending info, but what about receiving it back. In fact most people I speak to from all over the world do not have a scanner, so they cannot scan something and email it to me. They must fax it to me. Now they can alway mail it to me, but if I need it right away I better have a means to get it by fax.
I am not saying go out and buy a fax machine, although it might be a good idea if you are going to do alot of business where you need signatures. There are alternatives to fax machines. Most computers have built in fax software that you can use with a scanner to fax info out. It uses the same line as your phone and if you will be using it occasionally it should suffice for that.
The unfortunate part about that is most of the time, you will have trouble receiving faxes. The answer to that problem is one of the online fax services. I use E-FAX...
EFAX is a great service that allows you, without a fax machine, to receive and even send faxes. I have put a button above so you can actually try it for free! I use it myself and would definitely recommend it if you do not already have a fax machine...
E-FAX is definitely not the only service around it is just the one I use. Search online to find others.
The bottom line, if you are serious about your business you need as many avenues as possible to reach your customers and business partners. Fax is just another way to communicate with them.
Have a Great Day...
Sunday, July 12, 2009
Best Way To Improve Cash Flow In This Economy…
without it costing you a dime!
Joseph Demasi
A lot has been made of how to increase your income with a home based business. And this blog has been dedicated to that. What most of us miss is the bottom line of cash flow. Cash flow is king and if you can increase you cash flow that is the best scenario.
Take a look at your expenses, not just for your business, but for your personal expenses as well. The less you spend then the less you will need as far as income. In today’s trying economic times we should all be ‘trimming the fat’. Look hard at your expenses and see where you can trim. Eliminate all unnecessary bills and reduce what you can. This will ultimately increase your cash flow just by reducing expenses.
For example: let’s take a look at Car Insurance. Most people have had the same car insurance for years. This is one area that I was as guilty as the next person. Did you know that insurance costs vary widely between companies? So just because you think you are stuck with that premium no matter who you go with- you are not. It will pay for you to shop around.
It is a simple as putting in your zip code (US residents) and clicking on an offer. I used this service to save almost $600 on my insurance premium!
The best thing is it is completely FREE. Imagine if you can save $600 per year in Auto Insurance. You just increased your cash flow by $50 PER MONTH! That may not seem like a lot, but imagine comparing life insurance, health insurance, cable rates, cell phone sevice, etc.
The list is endless.
It is all about knowing what the best deals you can get on things- it is not all about price either. make sure you are not getting substandard service for the reduction in price.
Now go and redo your budget- make it a project ad see how much you can save by movng some things around. Remember, your business is important and it should be earned not taken for granted.
Have a Great Day!!!
without it costing you a dime!
Joseph Demasi
A lot has been made of how to increase your income with a home based business. And this blog has been dedicated to that. What most of us miss is the bottom line of cash flow. Cash flow is king and if you can increase you cash flow that is the best scenario.
Take a look at your expenses, not just for your business, but for your personal expenses as well. The less you spend then the less you will need as far as income. In today’s trying economic times we should all be ‘trimming the fat’. Look hard at your expenses and see where you can trim. Eliminate all unnecessary bills and reduce what you can. This will ultimately increase your cash flow just by reducing expenses.
For example: let’s take a look at Car Insurance. Most people have had the same car insurance for years. This is one area that I was as guilty as the next person. Did you know that insurance costs vary widely between companies? So just because you think you are stuck with that premium no matter who you go with- you are not. It will pay for you to shop around.
It is a simple as putting in your zip code (US residents) and clicking on an offer. I used this service to save almost $600 on my insurance premium!
The best thing is it is completely FREE. Imagine if you can save $600 per year in Auto Insurance. You just increased your cash flow by $50 PER MONTH! That may not seem like a lot, but imagine comparing life insurance, health insurance, cable rates, cell phone sevice, etc.
The list is endless.
It is all about knowing what the best deals you can get on things- it is not all about price either. make sure you are not getting substandard service for the reduction in price.
Now go and redo your budget- make it a project ad see how much you can save by movng some things around. Remember, your business is important and it should be earned not taken for granted.
Have a Great Day!!!
Saturday, July 04, 2009
Sunday, June 14, 2009
Need Clarification On Google Adwords?
-Introduction to theGoogle ad auction by the Chief Economist of Google!
Google Chief Economist, Hal Varian, explains the AdWords Ad Auction and how your max CPC bid and quality score determine how much you pay for a click on Google.com.
I recommend the PPC CLASSROOM if you want all the coaching to master PPC advertising:
Get It FREE
-Introduction to theGoogle ad auction by the Chief Economist of Google!
Google Chief Economist, Hal Varian, explains the AdWords Ad Auction and how your max CPC bid and quality score determine how much you pay for a click on Google.com.
I recommend the PPC CLASSROOM if you want all the coaching to master PPC advertising:
Get It FREE
Monday, May 25, 2009
Thursday, April 30, 2009
What Is Really Holding You Back From Earning What You Want?
Joseph Demasi
How long have you been trying to earn a living online? or maybe you just are tryng to earn a few hundred or a few thousand dollars online...
Whatever the case you need to know a few things that are the laws of online success and you cannot be successful without them! (they even work offline)
1. You must have a plan: this is probably the one that few people take seriously. I know that you have heard ths before, but you must heed this advice. Without a viable plan YOU WILL NOT SUCCEED!
2. You must be willing to fail. You will learn more from failure than from success. Ask any successful person you know if they have failed at anything. Every successful person has failed more times than they have succeeded. With every failure there is additional knowledge that you need to be successful. This does not mean you must go looking for failure...
3. You must be willing to learn HOW TO BE SUCCESSFUL: This means that you must get all the education you can find on the subject and learn as much as you can. The best education is getting in the trenches and going through trial and error, but if you have someone that has gone before you, make sure you learn what has worked before and this will save you time and money!
4. Follow your plan to the end: The Internet is a mixed blessing, while it is true that it is responsible for creating more millionaires in the last 20 years than anything else, it is also responsible for people losing money. How can that be? People are not following through with their plan's. You may start with a business or opportunity or course that you are really excited about, then after a few weeks it seems harder than you thought and you are not have the instant success you were promised. You see something come across your email that looks utterly fantastic (just like the last one at first) and you decide to abandon you current plan and jump to this new one.
Seems very straight foward right? Have a plan, learn how to do it, don't be afraid to fail, and follow that plan to the end. Yup, pretty simple. If it is so simple, why are most people online failing? It seems that from the people I speak with, and I speak with many people weekly, there seems to be this feeling that there is a shortcut somewhere that no-one is talking about.
Let me clear the air - THERE IS NO SHORTCUT TO SUCCESS!!!!
If you are not willing to do the above 4 things, then don't even try. You will become frustrated, lose money and eventually quit anyway.
Some tips to keep you focused:
1. Check your email twice a day, morning and night. There is nothing in there that is so important that it cannot wait. I don't care what Rachel Long's latest program is! (LOL)
2. Same for voice mail.
3. You must have uninterrupted, focued time to give your business. It is said that answering the phone and engaging in a 5 minute conversation winds up costing you 1 hour. Your thought process is interrupted, it is hard to get refocused, you take a break, etc.
4. Have a specific schedule to work your business. Having an online business definitely gives you the flexibility of your schedule, but that does not mean you can do it on the fly- you must plan time- do not get caught in the trap of saying that "I'll do it when I have the time". We all have busy lives and things come up- you must make the time!
5. Treat your business like you have $100,000 invested in it. Get things done now, not tomorrow, not next week, TODAY! - If your boss told you to do something and wanted it by 5pm today, would you get it done? I am not saying concentrate on your business first- your job is paying the bills for now and needs to have your focus when you are at work. I am just saying give your business the focus when you are on "your business time"
Remember to always give it your best!!!
Hope this helps!
PS> The Affiliate Blueprint to 10K monthly is only available for 3 more days:
Joseph Demasi
How long have you been trying to earn a living online? or maybe you just are tryng to earn a few hundred or a few thousand dollars online...
Whatever the case you need to know a few things that are the laws of online success and you cannot be successful without them! (they even work offline)
1. You must have a plan: this is probably the one that few people take seriously. I know that you have heard ths before, but you must heed this advice. Without a viable plan YOU WILL NOT SUCCEED!
2. You must be willing to fail. You will learn more from failure than from success. Ask any successful person you know if they have failed at anything. Every successful person has failed more times than they have succeeded. With every failure there is additional knowledge that you need to be successful. This does not mean you must go looking for failure...
3. You must be willing to learn HOW TO BE SUCCESSFUL: This means that you must get all the education you can find on the subject and learn as much as you can. The best education is getting in the trenches and going through trial and error, but if you have someone that has gone before you, make sure you learn what has worked before and this will save you time and money!
4. Follow your plan to the end: The Internet is a mixed blessing, while it is true that it is responsible for creating more millionaires in the last 20 years than anything else, it is also responsible for people losing money. How can that be? People are not following through with their plan's. You may start with a business or opportunity or course that you are really excited about, then after a few weeks it seems harder than you thought and you are not have the instant success you were promised. You see something come across your email that looks utterly fantastic (just like the last one at first) and you decide to abandon you current plan and jump to this new one.
Seems very straight foward right? Have a plan, learn how to do it, don't be afraid to fail, and follow that plan to the end. Yup, pretty simple. If it is so simple, why are most people online failing? It seems that from the people I speak with, and I speak with many people weekly, there seems to be this feeling that there is a shortcut somewhere that no-one is talking about.
Let me clear the air - THERE IS NO SHORTCUT TO SUCCESS!!!!
If you are not willing to do the above 4 things, then don't even try. You will become frustrated, lose money and eventually quit anyway.
Some tips to keep you focused:
1. Check your email twice a day, morning and night. There is nothing in there that is so important that it cannot wait. I don't care what Rachel Long's latest program is! (LOL)
2. Same for voice mail.
3. You must have uninterrupted, focued time to give your business. It is said that answering the phone and engaging in a 5 minute conversation winds up costing you 1 hour. Your thought process is interrupted, it is hard to get refocused, you take a break, etc.
4. Have a specific schedule to work your business. Having an online business definitely gives you the flexibility of your schedule, but that does not mean you can do it on the fly- you must plan time- do not get caught in the trap of saying that "I'll do it when I have the time". We all have busy lives and things come up- you must make the time!
5. Treat your business like you have $100,000 invested in it. Get things done now, not tomorrow, not next week, TODAY! - If your boss told you to do something and wanted it by 5pm today, would you get it done? I am not saying concentrate on your business first- your job is paying the bills for now and needs to have your focus when you are at work. I am just saying give your business the focus when you are on "your business time"
Remember to always give it your best!!!
Hope this helps!
PS> The Affiliate Blueprint to 10K monthly is only available for 3 more days:
Tuesday, April 21, 2009
Are You Making As Much Money As You Want?
by Joseph Demasi
I will tell you what I have discovered over the last 4 years online... if you don't have any experience makng money online- you will not make any unless you are willng to learn how! Can you answer YES to the following:
1. You have joined my programs and just can't make them work.
2. Do you get the feeling everything online is a scam?
3. People like you will never make money online.
At one time or another, everyone feels like this. Look at all the famus marketers online, from Rachel Long to Mike Filsaime to Russell Brunson and many others. They all struggled initially. The main difference between them and YOU- the willingness to do whatever it takes to be successful. Most importantly to gain the knowledge and skill to make it work.
Just because someone wants to be a doctor and calls himself one- does not make him a doctor. He must first go to medical school and pass the necessary tests , as well as do on the job training.
Making money online is no different from anything else you will try and do. THERE WILL BE A LEARNING CURVE when you are doing something you have never done. If you are not willing to learn how to do it correctly- do not expect to succeed...
No matter what you have been told, it will take you some time to 'get it'. You must first believe that it is possible for you to do it. If you are of the mindset that everything online is a scam - quit looking now- you have already told yourself it is fruitless to continue searching.
There are many tools and good coaching programs to help you earn a living online. Some are free and some cost. There are some great resources located in this blog. You must be willing to do some footwork and search for things on your own. This will be your own business and you need to treat it as such. There are many people online making 6 and 7 figures annually, but they did not start there. In many cases they started right where you are and probably have faile many times before they got it right...
Don't give up...keep moving forward and you too will be among those that have succeeded.
Have a Great Day...
by Joseph Demasi
I will tell you what I have discovered over the last 4 years online... if you don't have any experience makng money online- you will not make any unless you are willng to learn how! Can you answer YES to the following:
1. You have joined my programs and just can't make them work.
2. Do you get the feeling everything online is a scam?
3. People like you will never make money online.
At one time or another, everyone feels like this. Look at all the famus marketers online, from Rachel Long to Mike Filsaime to Russell Brunson and many others. They all struggled initially. The main difference between them and YOU- the willingness to do whatever it takes to be successful. Most importantly to gain the knowledge and skill to make it work.
Just because someone wants to be a doctor and calls himself one- does not make him a doctor. He must first go to medical school and pass the necessary tests , as well as do on the job training.
Making money online is no different from anything else you will try and do. THERE WILL BE A LEARNING CURVE when you are doing something you have never done. If you are not willing to learn how to do it correctly- do not expect to succeed...
No matter what you have been told, it will take you some time to 'get it'. You must first believe that it is possible for you to do it. If you are of the mindset that everything online is a scam - quit looking now- you have already told yourself it is fruitless to continue searching.
There are many tools and good coaching programs to help you earn a living online. Some are free and some cost. There are some great resources located in this blog. You must be willing to do some footwork and search for things on your own. This will be your own business and you need to treat it as such. There are many people online making 6 and 7 figures annually, but they did not start there. In many cases they started right where you are and probably have faile many times before they got it right...
Don't give up...keep moving forward and you too will be among those that have succeeded.
Have a Great Day...
Sunday, April 12, 2009
Monday, March 30, 2009
Do You Know How To Make A Capture Page FREE Using Blogger...?
Joseph Demasi
If I have learned anything over the last 5 years online it is this- YOU MUST BE ABLE TO BUILD YOUR OWN LIST!!!
You have heard it said before many times- "the money is in the list". I never really understood that until I started building my own list and communicating with my subscribers...
If you are promoting a capture page that has been given to you by your company or a list building service...You are building their list not yours...
One of the most important ingredients in list building is the Capture Page or Squeeze Page- it is meant to Capture a person's information, ie. email address and name... You can ask for many other bits of information if you want as well. This allows you to email to that person as often as you like without any cost (besides the monthly autoresponder cost).
I have put together a video tutorial on how you can use Blogger to build your very own capture pages for FREE! These will be unique since every person will put ther own touches on the page.
http://joinusandmakemoneytoo.com
As a special bonus there is a video tutorial on how you can get 600 views of your site per hour for FREE!
Have a Great Day
Joseph Demasi
If I have learned anything over the last 5 years online it is this- YOU MUST BE ABLE TO BUILD YOUR OWN LIST!!!
You have heard it said before many times- "the money is in the list". I never really understood that until I started building my own list and communicating with my subscribers...
If you are promoting a capture page that has been given to you by your company or a list building service...You are building their list not yours...
One of the most important ingredients in list building is the Capture Page or Squeeze Page- it is meant to Capture a person's information, ie. email address and name... You can ask for many other bits of information if you want as well. This allows you to email to that person as often as you like without any cost (besides the monthly autoresponder cost).
I have put together a video tutorial on how you can use Blogger to build your very own capture pages for FREE! These will be unique since every person will put ther own touches on the page.
http://joinusandmakemoneytoo.com
As a special bonus there is a video tutorial on how you can get 600 views of your site per hour for FREE!
Have a Great Day
Tuesday, March 17, 2009
Tuesday, March 10, 2009
TAX INFORMATION - KNOW YOUR RIGHTS!
Now that you have a home-based business, it’s time to take advantage of the TREMENDOUS tax advantages available to you! Nobody likes tax time, but owning a home-based business can literally save you thousands of dollars a year in taxes by allowing you to turn personal expenses into legitimate, allowable business deductions.
The more tax deductions your business can legitimately take, the lower its taxable profit will be. For example, if you earn $100,000 per year from your job and home-based business, combined, but have $15,000 in allowable business deductions, you would only pay taxes of your net income of $85,000. At 30% tax rate, that could save you $4,500 in federal taxes!
We recommend you talk to your accountant about allowable tax deductions, but here are some tax strategies to keep in mind:
Auto Expenses
You can either keep track of and deduct all your actual business-related expenses, or simply deduct 50.5 cents per mile from Jan. 1, 2008, to June 30, 2008, (up 2 cents from 2007). The rate is 58.5 cents for each mile driven during the rest of 2008. Keep track of mileage & how the vehicle is used.
Education/Training Expenses
Costs of training meetings, training programs and manuals, books, online training subscriptions, etc.Also deduct Legal and Professional Fees, (Fees you pay lawyers, tax professionals or consultants).
Business Entertaining
You may deduct 50% of the cost for entertaining existing or prospective customers, if it is either "directly related" to the business, and business is discussed, or "associated with" the business, and the entertainment takes place immediately before or after a business discussion. (Keep notes of the people involved and the business purpose.)
Travel
When you travel for business, you can deduct many expenses, including the cost of plane fare, costs of operating your car, rental cars, taxis, lodging, meals, shipping business materials, dry cleaning, telephone calls, faxes and tips. It's OK to combine business and pleasure as long as business is the primary purpose of the trip. If you take your family along, you can deduct only your expenses, just as if you had traveled alone.
Interest and carrying charges on credit cards and business loans are fully tax-deductible.
Computers and Software
You can now write off a whole computer system in the year that it was purchased if the total cost is less than $25,000, and if it is used exclusively for business purposes. (IRC Sec. 179) In most instances, software bought for business use must be depreciated over a 36-month period, unless you can demonstrate that it has a useful life of less than one year.
Charitable Contributions are deductible
Rules vary depending on whether you are an LLC, partnership, S corporation, or regular (C) corporation, the corporation can deduct the charitable contributions.
Advertising
All expenses involved in advertising or promoting your business are deductible, i.e. business cards, classified ads, yellow pages, brochures and flyers, etc. Also includes signs for home or car, event signage, extra websites, etc.
Household Expenses
This can be one of your most valuable deductions. To qualify, a percentage of your home must be used "exclusively and on a regular basis" for your business. (It doesn't have to be an entire room.) Hints: Have your address on your business cards and stationery, have a photo of you in your office, holding a newspaper to validate the date, and keep a log of what you're doing in your office.
Often Overlooked Expenses:
Business expenses related to your health & wellness business, like the make up kit, Air source, any team or church donations in your business name. Products you buy to let others sample, or share at social or business events with your business advertised.
If you own your home, you can depreciate a percentage of all acquisition costs of your house and home improvements over a period of 39 years. You can depreciate 100% of expenditures and improvement costs to your office space.
A percent of all household expenses, including property taxes, mortgage interest, homeowner's insurance, utilities, property maintenance, alarm systems, snow removal, grass cutting, etc.
Office furniture and equipment - Have you bought any desks, chairs, computers, files, lamps…Up to $20,000 in business furniture and equipment can be deducted in one year.
Homeowner's insurance, utilities and related expenses based on the percentage of their use in the home office.
Household maintenance - Repairs to your home office are fully deductible. Repairs to the whole house would be deducted on a percentage basis.
Snow removal and lawn maintenance, even a percentage of your landscaping.
Don't Miss These Miscellaneous Deductible Items:
Sales aids, i.e. audio and videotapes, CDs, DVDs, books, etc. related to your business.
Bank service charges - you can avoid these by getting a free checking account. 100 % deductions for hiring children or grand children - pay them up to $4500 per year. (They pay less %)
Business gifts - up to $25 purchased for customer or distributor - even if they're related to you.
Business-related magazines and books
Casual labor and tips
Casualty and theft losses
Coffee and beverage service
Office supplies - paper, toner, clips, tape, staples, etc.
Online computer services related to business - lead generation, IR HomeSites, etc.
Parking and meters
Photocopies - handouts, flyers, training materials, etc.
Postage - stamps or shipping on anything sent to partner or customer or prospect
Stationery - cards - even holiday cards to above
Seminars and trade show fees - monthly team dues, meeting charges or tickets for all events
Taxi, train, shuttle and bus fare
Telephone calls and phone cards when away from the business
We've been told a dog is a security system for your business - therefore deductible
The cost of at least the first order 100 % deductible, also the price of a started kit, whether it's $299 or the $39.95. A lot of people also write off the first time they buy anything because it's a demo. Others write off everything they buy personally because it's a vital part of their business.
NOTE: If there's a possibility you may sell your house, talk to your accountant about the tax ramifications. "Unless 100 % of your home qualifies as a principal residence for at least two of the five years preceding the sale, you'll have to pay capital gains tax on the business portion of your home."
For more info: http://www.irs.gov/newsroom/article/0,,id=202106,00.html
Now that you have a home-based business, it’s time to take advantage of the TREMENDOUS tax advantages available to you! Nobody likes tax time, but owning a home-based business can literally save you thousands of dollars a year in taxes by allowing you to turn personal expenses into legitimate, allowable business deductions.
The more tax deductions your business can legitimately take, the lower its taxable profit will be. For example, if you earn $100,000 per year from your job and home-based business, combined, but have $15,000 in allowable business deductions, you would only pay taxes of your net income of $85,000. At 30% tax rate, that could save you $4,500 in federal taxes!
We recommend you talk to your accountant about allowable tax deductions, but here are some tax strategies to keep in mind:
Auto Expenses
You can either keep track of and deduct all your actual business-related expenses, or simply deduct 50.5 cents per mile from Jan. 1, 2008, to June 30, 2008, (up 2 cents from 2007). The rate is 58.5 cents for each mile driven during the rest of 2008. Keep track of mileage & how the vehicle is used.
Education/Training Expenses
Costs of training meetings, training programs and manuals, books, online training subscriptions, etc.Also deduct Legal and Professional Fees, (Fees you pay lawyers, tax professionals or consultants).
Business Entertaining
You may deduct 50% of the cost for entertaining existing or prospective customers, if it is either "directly related" to the business, and business is discussed, or "associated with" the business, and the entertainment takes place immediately before or after a business discussion. (Keep notes of the people involved and the business purpose.)
Travel
When you travel for business, you can deduct many expenses, including the cost of plane fare, costs of operating your car, rental cars, taxis, lodging, meals, shipping business materials, dry cleaning, telephone calls, faxes and tips. It's OK to combine business and pleasure as long as business is the primary purpose of the trip. If you take your family along, you can deduct only your expenses, just as if you had traveled alone.
Interest and carrying charges on credit cards and business loans are fully tax-deductible.
Computers and Software
You can now write off a whole computer system in the year that it was purchased if the total cost is less than $25,000, and if it is used exclusively for business purposes. (IRC Sec. 179) In most instances, software bought for business use must be depreciated over a 36-month period, unless you can demonstrate that it has a useful life of less than one year.
Charitable Contributions are deductible
Rules vary depending on whether you are an LLC, partnership, S corporation, or regular (C) corporation, the corporation can deduct the charitable contributions.
Advertising
All expenses involved in advertising or promoting your business are deductible, i.e. business cards, classified ads, yellow pages, brochures and flyers, etc. Also includes signs for home or car, event signage, extra websites, etc.
Household Expenses
This can be one of your most valuable deductions. To qualify, a percentage of your home must be used "exclusively and on a regular basis" for your business. (It doesn't have to be an entire room.) Hints: Have your address on your business cards and stationery, have a photo of you in your office, holding a newspaper to validate the date, and keep a log of what you're doing in your office.
Often Overlooked Expenses:
Business expenses related to your health & wellness business, like the make up kit, Air source, any team or church donations in your business name. Products you buy to let others sample, or share at social or business events with your business advertised.
If you own your home, you can depreciate a percentage of all acquisition costs of your house and home improvements over a period of 39 years. You can depreciate 100% of expenditures and improvement costs to your office space.
A percent of all household expenses, including property taxes, mortgage interest, homeowner's insurance, utilities, property maintenance, alarm systems, snow removal, grass cutting, etc.
Office furniture and equipment - Have you bought any desks, chairs, computers, files, lamps…Up to $20,000 in business furniture and equipment can be deducted in one year.
Homeowner's insurance, utilities and related expenses based on the percentage of their use in the home office.
Household maintenance - Repairs to your home office are fully deductible. Repairs to the whole house would be deducted on a percentage basis.
Snow removal and lawn maintenance, even a percentage of your landscaping.
Don't Miss These Miscellaneous Deductible Items:
Sales aids, i.e. audio and videotapes, CDs, DVDs, books, etc. related to your business.
Bank service charges - you can avoid these by getting a free checking account. 100 % deductions for hiring children or grand children - pay them up to $4500 per year. (They pay less %)
Business gifts - up to $25 purchased for customer or distributor - even if they're related to you.
Business-related magazines and books
Casual labor and tips
Casualty and theft losses
Coffee and beverage service
Office supplies - paper, toner, clips, tape, staples, etc.
Online computer services related to business - lead generation, IR HomeSites, etc.
Parking and meters
Photocopies - handouts, flyers, training materials, etc.
Postage - stamps or shipping on anything sent to partner or customer or prospect
Stationery - cards - even holiday cards to above
Seminars and trade show fees - monthly team dues, meeting charges or tickets for all events
Taxi, train, shuttle and bus fare
Telephone calls and phone cards when away from the business
We've been told a dog is a security system for your business - therefore deductible
The cost of at least the first order 100 % deductible, also the price of a started kit, whether it's $299 or the $39.95. A lot of people also write off the first time they buy anything because it's a demo. Others write off everything they buy personally because it's a vital part of their business.
NOTE: If there's a possibility you may sell your house, talk to your accountant about the tax ramifications. "Unless 100 % of your home qualifies as a principal residence for at least two of the five years preceding the sale, you'll have to pay capital gains tax on the business portion of your home."
For more info: http://www.irs.gov/newsroom/article/0,,id=202106,00.html
Tuesday, March 03, 2009
The 7 Figure Marketing School Goes Public...
For the first time in Internet Marketing history, the 2 worlds have merged. The Mind and The Marketing have come together to help bridge the gap to $100k monthly. The fact is that over 95% of people online will fail and lose money, sometimes a lot of money. Only 2-3% of online marketers will ever make 6 figures online. In fact the top 2% will account for over 97% of the income generated online. That is a staggering figure considering that there are millions of people that look online for additional income...
Why the big difference, isn't it easy as 1-2-3 to earn millions online? If you actually believe that earning a significant income online will be easy, I have a bridge to sell you. This is not about the latest opportunity to come down the pike and it is definitely not about some outdated e-book that will teach you nothing. This is a bout truly educating yourself and getting yourself into the right mindset to succeed- NO MATTER WHAT BUSINESS YOU ARE IN!!!
Success doesn't just happen, people have taken steps to get to where they are. Are people really earning millions of dollars online? YES! Did it happen overnight? NO! Do you think Rachel Long, Michael Rassmussen, Mike G, Brad Callen, Mike Dillard - name any other successful marketer out there!, all just came about success by chance? If you speak with any of them and I have, you will learn that they struggled and some struggled for years before they acheived success.
The common thread between them is that they were willing to LEARN and EDUCATE themselves about what it takes to be successful online.
If you have read my other blog posts you will realize that this is the most important thing and I talk about it all the time. GET EDUCATED and you will never worry about money again!
I have been a part of the 7 Figure Marketing School for several months ever since its inception when it was private. Yes it was private since October of last year. The founder, Vick Strizheus, a very successful online marketer decided to make it available to anyone who wants to learn and educate themselves about marketing. I personally have spent thousands of dollars on education and what you get with the 7 Figure Marketing School is so far beyond the cost. Just imagine the following people doing live seminars: Dani Johnson, Bob Proctor, Dr Ellie Drake, Mark Victor Hansen, George Paiva, Jeremy Brown and many others...
Alone they command thousands of dollars for 1 speaking engagement. This school, yes I call it a school, has classes everyday- Mon-Fri and you can tap into the webinars daily or watch them recorded. Take a 7 day trial for only $5 and see for yourself.
If you are someone that does not feel they should have to pay for education, I say good luck to you. What you will continue to do is look for the easy way and wind up spending far more on education in the school of hard knocks.
"If you think education is expensive, it is a heck of a lot cheaper than ignorance"
You can work toward being in the top 2% or you can continue to struggle with the other 97%. At least with the training and eductaion you will be receiving, you will be on the right path!
For the first time in Internet Marketing history, the 2 worlds have merged. The Mind and The Marketing have come together to help bridge the gap to $100k monthly. The fact is that over 95% of people online will fail and lose money, sometimes a lot of money. Only 2-3% of online marketers will ever make 6 figures online. In fact the top 2% will account for over 97% of the income generated online. That is a staggering figure considering that there are millions of people that look online for additional income...
Why the big difference, isn't it easy as 1-2-3 to earn millions online? If you actually believe that earning a significant income online will be easy, I have a bridge to sell you. This is not about the latest opportunity to come down the pike and it is definitely not about some outdated e-book that will teach you nothing. This is a bout truly educating yourself and getting yourself into the right mindset to succeed- NO MATTER WHAT BUSINESS YOU ARE IN!!!
Success doesn't just happen, people have taken steps to get to where they are. Are people really earning millions of dollars online? YES! Did it happen overnight? NO! Do you think Rachel Long, Michael Rassmussen, Mike G, Brad Callen, Mike Dillard - name any other successful marketer out there!, all just came about success by chance? If you speak with any of them and I have, you will learn that they struggled and some struggled for years before they acheived success.
The common thread between them is that they were willing to LEARN and EDUCATE themselves about what it takes to be successful online.
If you have read my other blog posts you will realize that this is the most important thing and I talk about it all the time. GET EDUCATED and you will never worry about money again!
I have been a part of the 7 Figure Marketing School for several months ever since its inception when it was private. Yes it was private since October of last year. The founder, Vick Strizheus, a very successful online marketer decided to make it available to anyone who wants to learn and educate themselves about marketing. I personally have spent thousands of dollars on education and what you get with the 7 Figure Marketing School is so far beyond the cost. Just imagine the following people doing live seminars: Dani Johnson, Bob Proctor, Dr Ellie Drake, Mark Victor Hansen, George Paiva, Jeremy Brown and many others...
Alone they command thousands of dollars for 1 speaking engagement. This school, yes I call it a school, has classes everyday- Mon-Fri and you can tap into the webinars daily or watch them recorded. Take a 7 day trial for only $5 and see for yourself.
If you are someone that does not feel they should have to pay for education, I say good luck to you. What you will continue to do is look for the easy way and wind up spending far more on education in the school of hard knocks.
"If you think education is expensive, it is a heck of a lot cheaper than ignorance"
You can work toward being in the top 2% or you can continue to struggle with the other 97%. At least with the training and eductaion you will be receiving, you will be on the right path!
Thursday, February 26, 2009
Funded Proposal: What Is It And Why You Need It?
Whether you have had a home business for years or are just starting out, there is one thing that is perfectly obvious. If you run out of money your business is over! You will not recover from a negative balance in your business account. Let's face it you started a business to make money, not go broke. But for over 90% of small business owners going broke trying to fund their business is more the reality. It's time to pay attention right now, because this is something you will not hear very much. Ready? 95% of the people you present your opportunity to will not join you. It does not matter what it is. The greatest product, greatest payplan, greatest company, it does not matter. They just won't join.
Business is a numbers game, period! Walmart knows it, Macy's knows it and so does your neighborhood grocery store. Success comes when you start getting the numbers. If 95% of the people will not join you then 5% will or may. So you need to get to the 100 to get 5. Now these numbers may vary depending on your particular skill level. You know or should know what to do with the 5% you start in your business, but what will you do with the other 95%.
That is where a Funded Proposal is so important. A funded proposal is something of value you offer prospects for purchase before you present your opportunity. This does 2 things, 1. puts money in your pocket 2. qualifies the prospect as serious. I use a few different funded proposals, a couple of examples: Infinity Downline and PPC Classroom , both offer 2 things: 1. Training for the person looking to get ahead in their business AND 2. a way to fund their business.
How happy would you be if no-one joined your business this month? Not very happy I bet, but what if 20 people that told you no to your business, said yes to your funded proposal? That would mean that you would have $500.00 coming in even if no-one joined your business. This will allow you to advertise for more people to show your business to. If you did not have this funded proposal you would be in the negative for the month.
The fact remains that most people will not join you, however you must offer something to those people that can be of value to them, because they are trying to make money as well and they have their own business they are promoting. Helping them is the key- if you do nothing but pitch your business over and over again it will fall on deaf ears and you will go broke.
With money coming in month after month- you are able to continue to advertise and promote your business. That is the key- keep the money coming in so you can build your business.
Have a Great Day,
Joseph Demasi
Whether you have had a home business for years or are just starting out, there is one thing that is perfectly obvious. If you run out of money your business is over! You will not recover from a negative balance in your business account. Let's face it you started a business to make money, not go broke. But for over 90% of small business owners going broke trying to fund their business is more the reality. It's time to pay attention right now, because this is something you will not hear very much. Ready? 95% of the people you present your opportunity to will not join you. It does not matter what it is. The greatest product, greatest payplan, greatest company, it does not matter. They just won't join.
Business is a numbers game, period! Walmart knows it, Macy's knows it and so does your neighborhood grocery store. Success comes when you start getting the numbers. If 95% of the people will not join you then 5% will or may. So you need to get to the 100 to get 5. Now these numbers may vary depending on your particular skill level. You know or should know what to do with the 5% you start in your business, but what will you do with the other 95%.
That is where a Funded Proposal is so important. A funded proposal is something of value you offer prospects for purchase before you present your opportunity. This does 2 things, 1. puts money in your pocket 2. qualifies the prospect as serious. I use a few different funded proposals, a couple of examples: Infinity Downline and PPC Classroom , both offer 2 things: 1. Training for the person looking to get ahead in their business AND 2. a way to fund their business.
How happy would you be if no-one joined your business this month? Not very happy I bet, but what if 20 people that told you no to your business, said yes to your funded proposal? That would mean that you would have $500.00 coming in even if no-one joined your business. This will allow you to advertise for more people to show your business to. If you did not have this funded proposal you would be in the negative for the month.
The fact remains that most people will not join you, however you must offer something to those people that can be of value to them, because they are trying to make money as well and they have their own business they are promoting. Helping them is the key- if you do nothing but pitch your business over and over again it will fall on deaf ears and you will go broke.
With money coming in month after month- you are able to continue to advertise and promote your business. That is the key- keep the money coming in so you can build your business.
Have a Great Day,
Joseph Demasi
Monday, February 23, 2009
BREAKING NEWS!!!! PPC CLASSROOM OPENING AGAIN FEB. 24 2009!!!
This is open for a short time, probably a week or so. Opening doors 2-24 and it will be FREE!
Amit and Amik have gone insane! They are giving away their classroom for FREE!
The PPC Classroom students are earning over $4mil annually. These 2 know PPC!
If you have wanted to learn and conquer PPC and earn money with it then this may up your alley
Go here and get all the info:
www.josephdemasi.com/PPC
You know that I am all about education and this seems ike a fantastic value!
Another Great product for PPC geared directly for the Network Marketer is Jim Yaghi's PPC DOMINATION
This is open for a short time, probably a week or so. Opening doors 2-24 and it will be FREE!
Amit and Amik have gone insane! They are giving away their classroom for FREE!
The PPC Classroom students are earning over $4mil annually. These 2 know PPC!
If you have wanted to learn and conquer PPC and earn money with it then this may up your alley
Go here and get all the info:
www.josephdemasi.com/PPC
You know that I am all about education and this seems ike a fantastic value!
Another Great product for PPC geared directly for the Network Marketer is Jim Yaghi's PPC DOMINATION
Friday, February 20, 2009
Are All Online Opportunities SCAMS?
Joseph Demasi
It would be dishonest of anyone to claim that all online biz opps are scams if they ask you for money to start. Are some scams? YES! However, most are not. Do not believe the SCARE tactics of marketers selling their own SCAM FREE opportunities by claiming that 90% of all online opps are scams! They are playing on people's fear by telling them what they want to hear and confirm their 'Suspicions'. Let me give you a few facts:
FACT: 90% of all people starting a business will fail in the first 2 years!
FACT: This is due almost entirely to the under funding of the business AND the lack of knowing how to market it correctly.
Notice I did not say 'online' business, but just business. The numbers are the same for traditional businesses as well. The coffee shop down the street, the salon on the corner, the Pet shop downtown. They are all businesses that have to be run like a business. You would definitely agree with that. Now you need to treat an online business the same way. Another fact for you:
FACT: An online business is FAR LESS costly than a traditional business!
You can actually start an internet business, including a marketing budget, for well under $1000. Compare that to a traditional business where the costs are far higher... This is the reason that people do not take it seriously and will "see how it goes for 2 weeks" and if they dont see any money (even if they are doing nothing) they quit and start looking for the "next big thing". Another fact:
FACT: If you are one of those, I call them "program jumpers", always looking for the next big thing to jump into - 99.9% of the time you will lose money and never get to where you want to go, unless you get VERY VERY lucky!
FACT: No opportunity is for everyone!
That being said, there is only one thing that will gaurantee your success; YOU. No-one will ever care more about your success than you. That is why you need to educate yourself on marketing. Make yourself valuable and never worry about joining the right opportunity or the right program. You can do it!
In the links on the right you will find a link to a scam site that is pretty good and you can check that out.
Most opportunities online are good ones, but may not be right for you. You need to do your due diligence and make sure it is a good fit. Make a check list, and grade them in the following criteria:
1. Cost to start: One thing you do not want to do is over extend yourself. If you can afford just $300.00 to start up, don't look at businesses that cost $1000. know your limits!
2. What are the recurring costs: What are you getting into? What are the monthly requirements? Is there a product purchase required, website costs? What about marketing money? You can use a funded proposal for that- most people do.
3. What is the system they are using?: This is sometimes the key to success for alot of people. Is this a system that appeals to you? Can you make it work and can you see other people being attracted to it? This will probably be a positive for you since it is probably the same system that brought you in to consider this business.
4. What will be your marketing method?: Does the way you want to market mesh with what the leadership teaches. Will there be a conflict? You do not want to keep banging your head against the wall.
5. Do the products hold value to you?: Is this something you see value in and will buy regardless of the business? Are they just products thrown together to make the business legal?
That is of course not everything you will consider. You may find other thing to consider and that is great after all it will be your business.
VEry VEry Important: This will be at least a 90 Day commitment for you. Most businesses have a learning curve and it will take usually at least 30 days to come through that curve. So unless you are willing to make that 90 day commitment- do yourself and your sponsor/partner a favor- DO NOT GET INVOLVED!
There are NO GET RICH QUICK Legitimate business opportunities. Sometimes you can get lucky, but remember, the person that joined a company and went on to make 5 figures their first month- had the skills and leadership ability to earn that amount with ANY company.
The best thing you can do in the meantime is get educated on the things that will make a difference in your business. Marketing! Here is a link to download some books that you can review- this is a $300 value and my gift to you, Enjoy!
Get Your Free Gifts
Wednesday, February 18, 2009
Fed downgrades economic forecast for this year
http://news.yahoo.com/s/ap/20090218/ap_on_bi_ge/fed_economy
Just off the press: Title says it all. This is the reason you need to take advantage of all you have with your home business. People are looking- the jobs they once counted on are no longer available and everyone needs an additional income stream!
Do not count on the government to save you- remember the gov't is actually broke- they are just borrowing billions of dollars that YOU will have to pay back with your tax dollars!
This article found on Yahoo.com is further proof that YOU need to be taking control of your own financial future!
Copy of article here:
WASHINGTON – The Federal Reserve on Wednesday sharply downgraded its projections for the country's economic performance this year, predicting the economy will actually shrink and unemployment will rise higher. Under the new projections, the unemployment rate will rise to between 8.5 and 8.8 percent this year. The old forecasts, issued in mid-November, predicted the jobless rate would rise to between 7.1 and 7.6 percent.
The Fed also believes the economy will contract this year between 0.5 and 1.3 percent. The old forecast said the economy could shrink by 0.2 percent or expand by 1.1 percent.
The last time the economy registered a contraction for a full year was in 1991, by 0.2 percent. If the Fed's new predictions prove correct, it would mark the weakest showing since a 1.9 percent drop in 1982, when the country had suffered through a severe recession.
The bleaker outlook represents the growing toll of the worst housing, credit and financial crises since the 1930s. All of those negative forces have plunged the nation into a recession, now in its second year."
Given the strength of the forces currently weighing on the economy," Fed officials "generally expected that the recovery would be unusually gradual and prolonged," according to documents on the Fed's updated economic outlook.
Against that backdrop, unemployment — now at 7.6 percent, the highest in more than 16 years — will keep climbing and stay elevated for quite some time, the Fed predicted.
Fed officials anticipated that unemployment would remain "substantially" higher than normal at the end of 2011 "even absent further economic shocks."
The Fed forecast calls for the jobless rate to dip to between 8 and 8.3 percent next year, and to between 7.5 and 6.7 percent in 2011. All those projections are worse than the Fed's previous estimates and would put unemployment higher than the normal range around 5 percent.
Employment is usually the last piece of the economy to heal once the country is out of recession and in recovery mode. Businesses are usually reluctant to ramp up hiring until they feel confident that any recovery has staying power.
Under the Fed's new projections, the economy should grow between 2.5 and 3.3 percent next year. Fed officials "generally expected that strains in financial markets would ebb only slowly and hence that the pace of recovery in 2010 would be damped," according to the Fed documents.
Fed officials, however, predicted the economy would pick up speed in 2011, growing by as much as 5 percent, which would be considered robust.
Still, given all the economy's problems, there are risks that the Fed's forecasts could turn out to be too optimistic.
And a few Fed officials — none are identified — feared that it could take five or six years for the economy and employment to get back into a sustainable mode of health.
On the inflation front, the weak economy should mean that companies will keep a lid on price increases this year as they try to lure skittish consumers.
The Fed expects prices to rise between 0.3 and 1 percent this year, down from a projection of between 1.3 and 2 percent in the fall. Prices will pick up slightly in 2010 and 2011 as the economy strengthens.
For now, Fed officials are more worried about falling prices, than rising ones.
The Fed didn't use the word "deflation," which is a dangerous bout of falling prices, but officials noted "some risk of a protracted period of excessively low inflation."
Falling prices sound like a gift at first — at least to consumers. But a widespread and prolonged decline can wreak more havoc on the economy, dragging down Americans' wages, and clobbering already-stricken home and stock prices. Dropping prices already are hurting businesses' profits, forcing them to slice capital investments and lay off workers.
America's last serious case of deflation was during the Great Depression in the 1930s. Japan was gripped with a period of deflation during the 1990s, and it took a decade for that country to overcome those problems.
If you are not in a home business or at least looking at one- YOU NEED TO BE!
Check out a cool video about creating real wealth today:
www.josephdemasi.com/Pipeline
http://news.yahoo.com/s/ap/20090218/ap_on_bi_ge/fed_economy
Just off the press: Title says it all. This is the reason you need to take advantage of all you have with your home business. People are looking- the jobs they once counted on are no longer available and everyone needs an additional income stream!
Do not count on the government to save you- remember the gov't is actually broke- they are just borrowing billions of dollars that YOU will have to pay back with your tax dollars!
This article found on Yahoo.com is further proof that YOU need to be taking control of your own financial future!
Copy of article here:
WASHINGTON – The Federal Reserve on Wednesday sharply downgraded its projections for the country's economic performance this year, predicting the economy will actually shrink and unemployment will rise higher. Under the new projections, the unemployment rate will rise to between 8.5 and 8.8 percent this year. The old forecasts, issued in mid-November, predicted the jobless rate would rise to between 7.1 and 7.6 percent.
The Fed also believes the economy will contract this year between 0.5 and 1.3 percent. The old forecast said the economy could shrink by 0.2 percent or expand by 1.1 percent.
The last time the economy registered a contraction for a full year was in 1991, by 0.2 percent. If the Fed's new predictions prove correct, it would mark the weakest showing since a 1.9 percent drop in 1982, when the country had suffered through a severe recession.
The bleaker outlook represents the growing toll of the worst housing, credit and financial crises since the 1930s. All of those negative forces have plunged the nation into a recession, now in its second year."
Given the strength of the forces currently weighing on the economy," Fed officials "generally expected that the recovery would be unusually gradual and prolonged," according to documents on the Fed's updated economic outlook.
Against that backdrop, unemployment — now at 7.6 percent, the highest in more than 16 years — will keep climbing and stay elevated for quite some time, the Fed predicted.
Fed officials anticipated that unemployment would remain "substantially" higher than normal at the end of 2011 "even absent further economic shocks."
The Fed forecast calls for the jobless rate to dip to between 8 and 8.3 percent next year, and to between 7.5 and 6.7 percent in 2011. All those projections are worse than the Fed's previous estimates and would put unemployment higher than the normal range around 5 percent.
Employment is usually the last piece of the economy to heal once the country is out of recession and in recovery mode. Businesses are usually reluctant to ramp up hiring until they feel confident that any recovery has staying power.
Under the Fed's new projections, the economy should grow between 2.5 and 3.3 percent next year. Fed officials "generally expected that strains in financial markets would ebb only slowly and hence that the pace of recovery in 2010 would be damped," according to the Fed documents.
Fed officials, however, predicted the economy would pick up speed in 2011, growing by as much as 5 percent, which would be considered robust.
Still, given all the economy's problems, there are risks that the Fed's forecasts could turn out to be too optimistic.
And a few Fed officials — none are identified — feared that it could take five or six years for the economy and employment to get back into a sustainable mode of health.
On the inflation front, the weak economy should mean that companies will keep a lid on price increases this year as they try to lure skittish consumers.
The Fed expects prices to rise between 0.3 and 1 percent this year, down from a projection of between 1.3 and 2 percent in the fall. Prices will pick up slightly in 2010 and 2011 as the economy strengthens.
For now, Fed officials are more worried about falling prices, than rising ones.
The Fed didn't use the word "deflation," which is a dangerous bout of falling prices, but officials noted "some risk of a protracted period of excessively low inflation."
Falling prices sound like a gift at first — at least to consumers. But a widespread and prolonged decline can wreak more havoc on the economy, dragging down Americans' wages, and clobbering already-stricken home and stock prices. Dropping prices already are hurting businesses' profits, forcing them to slice capital investments and lay off workers.
America's last serious case of deflation was during the Great Depression in the 1930s. Japan was gripped with a period of deflation during the 1990s, and it took a decade for that country to overcome those problems.
If you are not in a home business or at least looking at one- YOU NEED TO BE!
Check out a cool video about creating real wealth today:
www.josephdemasi.com/Pipeline
Tuesday, February 17, 2009
The Fastest Way To Get Traffic To Any Site!
Joseph Demasi
It is well know by all internet marketers that the fastest and most cost effective way to get QUALITY traffic to any website is through the use of Google Adwords. However, it is not just a matter of placing a few ads in google and waiting for the avalanche of traffic to take you to easy street!
There have been may stories of people losing hundreds and thousands of dollars on Google for one simple reason: THEY DO NOT KNOW WHAT THEY ARE DOING! If you're goal is to make a substantial income online then it is vital that you learn how to do PPC (Pay Per Click) the right way. Yes, there is a right way!
Google adwords is cost effective because you only pay when someone clicks your ad. If they don't click your ad- you don't pay. You have a problem if people are not clicking your ad- it means that they do not see a reason to click the ad. This is why you need to learn how to dominate this form of advertising. here are a few resources that will help you:
1. Dominate PPC and Get All Leads FREE - how would you like to have a never ending source of leads that you never had to pay for?
2. Dominate Google With Help From A Google Master - How would you like to be able to sell anything to anyone using Google and these methods.
3. A Club For The Serious Internet Marketer - Learn the secrets to putting your campaigns on auto-pilot and make money 24-7
These are the 3 that I have found the most value with. The best part is they are competely guaranteed and come with at least a 30 day money back guarantee. You cannot lose and have no excuse not to move your business forward.
Someone told me something a few years back and it is so true: 'If you are not willing to invest in the education to improve your business, then it is just a hobby"
Have a Great Day!
Check out this FREE report on Google Adwords
Joseph Demasi
It is well know by all internet marketers that the fastest and most cost effective way to get QUALITY traffic to any website is through the use of Google Adwords. However, it is not just a matter of placing a few ads in google and waiting for the avalanche of traffic to take you to easy street!
There have been may stories of people losing hundreds and thousands of dollars on Google for one simple reason: THEY DO NOT KNOW WHAT THEY ARE DOING! If you're goal is to make a substantial income online then it is vital that you learn how to do PPC (Pay Per Click) the right way. Yes, there is a right way!
Google adwords is cost effective because you only pay when someone clicks your ad. If they don't click your ad- you don't pay. You have a problem if people are not clicking your ad- it means that they do not see a reason to click the ad. This is why you need to learn how to dominate this form of advertising. here are a few resources that will help you:
1. Dominate PPC and Get All Leads FREE - how would you like to have a never ending source of leads that you never had to pay for?
2. Dominate Google With Help From A Google Master - How would you like to be able to sell anything to anyone using Google and these methods.
3. A Club For The Serious Internet Marketer - Learn the secrets to putting your campaigns on auto-pilot and make money 24-7
These are the 3 that I have found the most value with. The best part is they are competely guaranteed and come with at least a 30 day money back guarantee. You cannot lose and have no excuse not to move your business forward.
Someone told me something a few years back and it is so true: 'If you are not willing to invest in the education to improve your business, then it is just a hobby"
Have a Great Day!
Check out this FREE report on Google Adwords
Saturday, February 14, 2009
Friday, February 13, 2009
Recession Proof Your Income Now!
Joseph Demasi
Listen to my radio show: www.josephdemasi.com/radio and realize that this is the most important thing you can do for yourself and your family!
Recession proofing your income should be the goal of everyone in the world, no exceptions. What does it mean to recession proof one's income? How can someone do that?
It is all about gaining the knowledge and skills required to make money regardless of economic conditions. Did you know that people actually got rich during the US depression in the 30's? Right now while people are losing their jobs and homes in this recession, many other people are making money month after month. Why? How?
Those people that can flourish in this economy know something that the 'victims' of this economic downturn either don't know or refuse to acknowledge. YOU are the most important person to you economic survival. you need to ackowledge that and own it. YOU have the power to change your circumstances and move to a better direction.
EDUCATION and TRAINING is key to your economic survival. How would you feel if you lost your job tomorrow and did not have any other means to generate an income.? How long could you survive without another job? Now, what if you knew everything there was to know about marketing online and you had the ability to make money anytime you needed or wanted to? that is a better situation, right?
They say that making your first million is the hardest and it is all easy after that. That is so true because making your first million requires you to learn HOW to do it. Once you know how to do it the rest is easy. You just keep doing it over and over again.
That is where you need to get to in order to recession proof your income. So no matter what happens you are able to earn money any time you want to. How would your life be different if that was actually the case? It can be, if you want to take the time to learn what you need to in order to be a successful marketer. My top educational pick is the best resource I have found where you can gain all the knowledge you need- nothing is held back and it even comes with a guarantee. Don't let another day go by before you get yourself educated.
KNOWLEDGE IS POWER - use it!
Have a Great Day!
Joseph Demasi
Listen to my radio show: www.josephdemasi.com/radio and realize that this is the most important thing you can do for yourself and your family!
Recession proofing your income should be the goal of everyone in the world, no exceptions. What does it mean to recession proof one's income? How can someone do that?
It is all about gaining the knowledge and skills required to make money regardless of economic conditions. Did you know that people actually got rich during the US depression in the 30's? Right now while people are losing their jobs and homes in this recession, many other people are making money month after month. Why? How?
Those people that can flourish in this economy know something that the 'victims' of this economic downturn either don't know or refuse to acknowledge. YOU are the most important person to you economic survival. you need to ackowledge that and own it. YOU have the power to change your circumstances and move to a better direction.
EDUCATION and TRAINING is key to your economic survival. How would you feel if you lost your job tomorrow and did not have any other means to generate an income.? How long could you survive without another job? Now, what if you knew everything there was to know about marketing online and you had the ability to make money anytime you needed or wanted to? that is a better situation, right?
They say that making your first million is the hardest and it is all easy after that. That is so true because making your first million requires you to learn HOW to do it. Once you know how to do it the rest is easy. You just keep doing it over and over again.
That is where you need to get to in order to recession proof your income. So no matter what happens you are able to earn money any time you want to. How would your life be different if that was actually the case? It can be, if you want to take the time to learn what you need to in order to be a successful marketer. My top educational pick is the best resource I have found where you can gain all the knowledge you need- nothing is held back and it even comes with a guarantee. Don't let another day go by before you get yourself educated.
KNOWLEDGE IS POWER - use it!
Have a Great Day!
Friday, February 06, 2009
Join The Club Of Money Makers
Joseph Demasi
Since I have always said that eductaion is going to be the KEY to your income level, I will continue to post about products and services I have found to be valuable. If you know what it takes to market and make money online you will never rely on anyone else for your income!
I was recently introduced to Mack Michaels' new program 'Maverick Money Makers' it is an online club where Mack promises to tell you all his secrets that earn him over $2 mil annually in the affiliate marketing arena. I have to say I was skeptical at first since I have seen so many so - called Gurus selling garbage online and tryng to pass it off as the golden goose. You may have heard the names before, so I will not mention them here! ( don't want to give them undo press)
Right off the bat, this seemed a little different since I had never heard of this person before. Now, you may think that was a bad thing, however, if you think about it for a moment, how are the so called gurus making their money these days? They are pitching their products to you and me on how to market online. Usually with steep price tags for private coaching and sold out events. Some of these people expect you to pay over $5000 for some online coaching event where you get to see behind the scenes of what they are doing. If this guy is making so much money why does he need $5k from me to learn his secrets.
Mack Michaels, it seems, genuinely wants to help people and realizes that if you are trying to earm money online you probably don't have a lot of money to spend to learn how. His course is very reasonably priced at $97. (quick tip- if you try to exit- a page will pop up offering you a $18 discount - Take it) http://www.themaverickmoneymakersite.com/
What is on the inside really suprised me- over 100 hours of video tutorials of exactly how Mack generates this kind of money month and after month- he clears over $100,000 a month! He lets you in on his true secrets to google adwords and he expresses it in very layman's terms so you cannot get lost. The videos on the front page of the site are worth the look even if they will take 40 minutes to go through both. This will give you a better idea of what Mack is offering and why he is different from every other so called guru out there that only seem to give you just enough to keep you buying more.
What this is not: it is not a deal that teaches you how to market This particular product like most programs out there today that get you in on the premise they will teach you all you need to market and they want you then to go out and market their own product you just bought. What Mack does is he explains how (with over 100 hours of video tutorials) to capture the market of any product or service and actually will let you know which are the best ones to market , why they are the best and where to market them. You don't get that anywhere else!
Best of all- Mack offers a full 60 Money Back Guarantee- simply stated- if you fail to make money following his steps you get your full money back no questions asked! I did my research as well with users of http://www.themaverickmoneymakersite.com/ - I know of several people that are members of the Club right now - one is a very experienced marketer and consistently makes over 5 figures monthly and the other is a self profressed newbie that never made a dime online until now. Both of those people are thrilled with the results and are generating profits daily using Mack's methods.
Check it out: http://www.themaverickmoneymakersite.com/ - you have nothing to lose- a complete 60 day money back guarantee so if you do not make money you lose nothing! You may even be able to profit within the next 24 hours- how cool would that be!
Joseph Demasi
Since I have always said that eductaion is going to be the KEY to your income level, I will continue to post about products and services I have found to be valuable. If you know what it takes to market and make money online you will never rely on anyone else for your income!
I was recently introduced to Mack Michaels' new program 'Maverick Money Makers' it is an online club where Mack promises to tell you all his secrets that earn him over $2 mil annually in the affiliate marketing arena. I have to say I was skeptical at first since I have seen so many so - called Gurus selling garbage online and tryng to pass it off as the golden goose. You may have heard the names before, so I will not mention them here! ( don't want to give them undo press)
Right off the bat, this seemed a little different since I had never heard of this person before. Now, you may think that was a bad thing, however, if you think about it for a moment, how are the so called gurus making their money these days? They are pitching their products to you and me on how to market online. Usually with steep price tags for private coaching and sold out events. Some of these people expect you to pay over $5000 for some online coaching event where you get to see behind the scenes of what they are doing. If this guy is making so much money why does he need $5k from me to learn his secrets.
Mack Michaels, it seems, genuinely wants to help people and realizes that if you are trying to earm money online you probably don't have a lot of money to spend to learn how. His course is very reasonably priced at $97. (quick tip- if you try to exit- a page will pop up offering you a $18 discount - Take it) http://www.themaverickmoneymakersite.com/
What is on the inside really suprised me- over 100 hours of video tutorials of exactly how Mack generates this kind of money month and after month- he clears over $100,000 a month! He lets you in on his true secrets to google adwords and he expresses it in very layman's terms so you cannot get lost. The videos on the front page of the site are worth the look even if they will take 40 minutes to go through both. This will give you a better idea of what Mack is offering and why he is different from every other so called guru out there that only seem to give you just enough to keep you buying more.
What this is not: it is not a deal that teaches you how to market This particular product like most programs out there today that get you in on the premise they will teach you all you need to market and they want you then to go out and market their own product you just bought. What Mack does is he explains how (with over 100 hours of video tutorials) to capture the market of any product or service and actually will let you know which are the best ones to market , why they are the best and where to market them. You don't get that anywhere else!
Best of all- Mack offers a full 60 Money Back Guarantee- simply stated- if you fail to make money following his steps you get your full money back no questions asked! I did my research as well with users of http://www.themaverickmoneymakersite.com/ - I know of several people that are members of the Club right now - one is a very experienced marketer and consistently makes over 5 figures monthly and the other is a self profressed newbie that never made a dime online until now. Both of those people are thrilled with the results and are generating profits daily using Mack's methods.
Check it out: http://www.themaverickmoneymakersite.com/ - you have nothing to lose- a complete 60 day money back guarantee so if you do not make money you lose nothing! You may even be able to profit within the next 24 hours- how cool would that be!
Thursday, February 05, 2009
Can You make Money With Free Programs?
Joseph Demasi
In a nutshell, YES!. Now before you go off and join every fly by night FREE program out there and hope to strike it rich, the old addage holds true today- "You Get What you Pay For". That being said if you choose to get involved in a number of the programs you can get started with no cost, realize that you must work those harder and they will take more time to build up.
In business you must realize one thing- Time is Money! You either have Time or Money especially if you are just starting out. One thing that is a constant in your business is the FACT that you will have to market it and that is where the issue usually is for most people. They do not know how to market AND in most cases they are unwilling to take the time to learn to do it correctly.
It cracks me up when some of those same people that are looking for a free program will turn around and call it a scam if they don't see money rolling in within a couple of weeks. if you have been online for any length of time you know that it takes time to build up a business and money to market that same business.
The best marketing out there is Word Of mouth and best part is it is free. You can tell everyone you see about your new free business. Do whatever it takes to get it out there. Everybody loves free right?
People right now are making money with free programs. Here are the ones that I like:
Get Paid To Surf the Web and Click on ads:
http://josephdemasi.com/click
Get you own search engine set up for free:
http://josephdemasi.com/search
Remember- there is no program out there that will pay you $1000's or even $100's monthly for sitting at home and doing nothing!
Have a Great Day!
Joseph Demasi
In a nutshell, YES!. Now before you go off and join every fly by night FREE program out there and hope to strike it rich, the old addage holds true today- "You Get What you Pay For". That being said if you choose to get involved in a number of the programs you can get started with no cost, realize that you must work those harder and they will take more time to build up.
In business you must realize one thing- Time is Money! You either have Time or Money especially if you are just starting out. One thing that is a constant in your business is the FACT that you will have to market it and that is where the issue usually is for most people. They do not know how to market AND in most cases they are unwilling to take the time to learn to do it correctly.
It cracks me up when some of those same people that are looking for a free program will turn around and call it a scam if they don't see money rolling in within a couple of weeks. if you have been online for any length of time you know that it takes time to build up a business and money to market that same business.
The best marketing out there is Word Of mouth and best part is it is free. You can tell everyone you see about your new free business. Do whatever it takes to get it out there. Everybody loves free right?
People right now are making money with free programs. Here are the ones that I like:
Get Paid To Surf the Web and Click on ads:
http://josephdemasi.com/click
Get you own search engine set up for free:
http://josephdemasi.com/search
Remember- there is no program out there that will pay you $1000's or even $100's monthly for sitting at home and doing nothing!
Have a Great Day!
Wednesday, February 04, 2009
Free Search Engine Anyone?
I ran across an interesting site that offered a free search engine with a guarantee of a $125 commission within 24 hours of getting everything set up. Hey I'll go for that especially since it did not cost me anything extra.
I always wonder if the promise of a guaranteed anything will pan out. I had nothing to lose on this so I gave it a shot. Well, the $125 has been credited to my account and Tissa (the owner of the site) is advertising my site for FREE. Not a bad deal.
Once inside I discovered the beauty of this site. There are many different streams of income you can participate in and they are all advertised on the search engine, including click bank products and a social networking site. The best part is for those who have their own domain and hosting account (if you don't Tissa gives you a few options) You can actually have Google ads on your pages and get paid from Google (adsense)!
It is definitely worth looking at- if you have every been involved or tried the Spiderweb marketing system(which I felt was way too complicated and time consuming to set up) this is a much easier set up, more straight forward AND you are not nickle and dimed to death like in other so called 'Free' programs.
Go and check it out: www.josephdemasi.com/search
Have a Great Day
I ran across an interesting site that offered a free search engine with a guarantee of a $125 commission within 24 hours of getting everything set up. Hey I'll go for that especially since it did not cost me anything extra.
I always wonder if the promise of a guaranteed anything will pan out. I had nothing to lose on this so I gave it a shot. Well, the $125 has been credited to my account and Tissa (the owner of the site) is advertising my site for FREE. Not a bad deal.
Once inside I discovered the beauty of this site. There are many different streams of income you can participate in and they are all advertised on the search engine, including click bank products and a social networking site. The best part is for those who have their own domain and hosting account (if you don't Tissa gives you a few options) You can actually have Google ads on your pages and get paid from Google (adsense)!
It is definitely worth looking at- if you have every been involved or tried the Spiderweb marketing system(which I felt was way too complicated and time consuming to set up) this is a much easier set up, more straight forward AND you are not nickle and dimed to death like in other so called 'Free' programs.
Go and check it out: www.josephdemasi.com/search
Have a Great Day
Tuesday, February 03, 2009
Do You Want A Free Website And Hosting?
I just found this site called synthasite, http://www.synthasite.com/ , it offers free websites and hosting. build your own and host it free. You can even buy your own domain from them and they will give you hosting for nothing! AWESOME!
I know how expensive these things are so I know for a fact that this will save you money.
Don't wait- go now and get your free site: http://www.synthasite.com/
Have a Great Day,
Joseph Demasi
I just found this site called synthasite, http://www.synthasite.com/ , it offers free websites and hosting. build your own and host it free. You can even buy your own domain from them and they will give you hosting for nothing! AWESOME!
I know how expensive these things are so I know for a fact that this will save you money.
Don't wait- go now and get your free site: http://www.synthasite.com/
Have a Great Day,
Joseph Demasi
Friday, January 23, 2009
The following are excerpts from an article that ran on MSNBC Business, a link to the original article follows. The author is Chris Farrell, Business Week. this goes to show the importance of having a plan B. Those of us in home business realize this and are positioning ourselves to come out way ahead as the economy hits this rough patch:
Why you’ll work through your retirement
Recession is just one factor changing how retirees will live out golden years
by Chris farrell, BusinessWeek
There is a major social and cultural message in the current economic collapse for the future retirees of America: Forget retirement.
That's right. The recession is making clear what we've suspected for a long time. The concept of not working and embracing leisure for the last third of one's life isn't practical for most people.
Put it this way: Survey after survey has shown that a majority of aging baby boomers plan on working in retirement. Well, that plan is coming true.
Financial safety net
...
"The real or incipient collapse of individual households helps to explain the widespread popularity of Social Security," say Haber and Gratton.
Our image of retirement is still shaped by the early decades after World War II. The elderly poverty rate plunged thanks to Social Security. Older Americans gained universal health care coverage with Medicare in 1965. And Corporate America offered workers defined-benefit pension plans based on a salary and years-of-service formula.
It was in these years that retirees developed a distinct lifestyle captured by the mass migration to Sunbelt communities, traveling in RVs and bus tours, spending long mornings on the golf course and other recreational pursuits. The development of modern retirement is a great social achievement of the 20th century.
But in the 21st century, the underlying economics of retirement are changing.
Living longer, working longer
On the positive side, we're living longer. Average life expectancy is now about 78 years, up from 61 years when Social Security became law. We're healthier, too. Disabilities among the elderly are declining, thanks to a combination of healthier lifestyles and medical advances.
A seismic shift in the economy and workplace is making it easier for an aging population to labor longer. An information- and services-dominated economy will ease the transition to longer working lives. Simply put, toiling away on a computer in medical diagnostics or government bureaucracy is far less demanding than manning an auto assembly line or mining for gold. The rise of an economy based on intangibles and longer life expectancy is behind more than a decade's worth of scholarly research, aging conferences and popular press articles trying to redefine retirement. ...
Retirement savings wiped out by crisis
The day of retirement reckoning is here for less happy reasons, too. For the second time in eight years, savers have watched in horror as their 401(k)s, 403(b)s and other retirement savings were hit with sharp declines. This time around, the household wealth destruction is even greater because of the nationwide fall in home prices. For instance, from the last quarter of 2006 through the third quarter of 2008, the real value of homes and household holdings of stocks plummeted by $5.6 trillion, according to a recent report by Hoisington Investment Management Co. in Austin, Texas. It predicts that the wealth loss may exceed $10 trillion when the fourth-quarter figures are calculated
Postponing retirement The solution: work longer.
After all, earning a paycheck in your latter years can make a huge difference in retirement living standards. Pocketing even a slim income often allows retirement portfolios to compound over a longer period of time.
Take this calculation by economist Robert Shackleton of the Congressional Budget Office, which posits a married couple is in their early 60s earning $100,000 pretax a year. They'll need nearly $66,000 a year after taxes to replace 80 percetn of their preretirement income. (The 80 percent is a standard rule of thumb when it comes to making this kind of retirement calculation.) If both retire at age 62, they'll receive more than $25,000 in total Social Security benefits and require a portfolio of at least $891,000 to generate the income they need to live the good life through their normal life expectancy. (The calculation comes from a paper written several years ago, so the Social Security numbers will have changed a bit over the years. Yet the basic calculation remains true.)
But if our couple waits until age 66 to retire, their Social Security benefits go up and the time they need to bank money shrinks, so $552,000 in savings will suffice. Retire at age 70? All they require is a portfolio worth some $263,000. And so on.
Nevertheless, ...(this is clear-) that retirement and work will be woven into a new cloth for many Americans. The challenge for all of us — employees and employers — will be making the best of the situation.
Do You reall Want to "MAKE THE BEST OF IT"
Join Our Team Of Elite Marketers And Shape Your Own Lifestyle!
For the full article go here
Why you’ll work through your retirement
Recession is just one factor changing how retirees will live out golden years
by Chris farrell, BusinessWeek
There is a major social and cultural message in the current economic collapse for the future retirees of America: Forget retirement.
That's right. The recession is making clear what we've suspected for a long time. The concept of not working and embracing leisure for the last third of one's life isn't practical for most people.
Put it this way: Survey after survey has shown that a majority of aging baby boomers plan on working in retirement. Well, that plan is coming true.
Financial safety net
...
"The real or incipient collapse of individual households helps to explain the widespread popularity of Social Security," say Haber and Gratton.
Our image of retirement is still shaped by the early decades after World War II. The elderly poverty rate plunged thanks to Social Security. Older Americans gained universal health care coverage with Medicare in 1965. And Corporate America offered workers defined-benefit pension plans based on a salary and years-of-service formula.
It was in these years that retirees developed a distinct lifestyle captured by the mass migration to Sunbelt communities, traveling in RVs and bus tours, spending long mornings on the golf course and other recreational pursuits. The development of modern retirement is a great social achievement of the 20th century.
But in the 21st century, the underlying economics of retirement are changing.
Living longer, working longer
On the positive side, we're living longer. Average life expectancy is now about 78 years, up from 61 years when Social Security became law. We're healthier, too. Disabilities among the elderly are declining, thanks to a combination of healthier lifestyles and medical advances.
A seismic shift in the economy and workplace is making it easier for an aging population to labor longer. An information- and services-dominated economy will ease the transition to longer working lives. Simply put, toiling away on a computer in medical diagnostics or government bureaucracy is far less demanding than manning an auto assembly line or mining for gold. The rise of an economy based on intangibles and longer life expectancy is behind more than a decade's worth of scholarly research, aging conferences and popular press articles trying to redefine retirement. ...
Retirement savings wiped out by crisis
The day of retirement reckoning is here for less happy reasons, too. For the second time in eight years, savers have watched in horror as their 401(k)s, 403(b)s and other retirement savings were hit with sharp declines. This time around, the household wealth destruction is even greater because of the nationwide fall in home prices. For instance, from the last quarter of 2006 through the third quarter of 2008, the real value of homes and household holdings of stocks plummeted by $5.6 trillion, according to a recent report by Hoisington Investment Management Co. in Austin, Texas. It predicts that the wealth loss may exceed $10 trillion when the fourth-quarter figures are calculated
Postponing retirement The solution: work longer.
After all, earning a paycheck in your latter years can make a huge difference in retirement living standards. Pocketing even a slim income often allows retirement portfolios to compound over a longer period of time.
Take this calculation by economist Robert Shackleton of the Congressional Budget Office, which posits a married couple is in their early 60s earning $100,000 pretax a year. They'll need nearly $66,000 a year after taxes to replace 80 percetn of their preretirement income. (The 80 percent is a standard rule of thumb when it comes to making this kind of retirement calculation.) If both retire at age 62, they'll receive more than $25,000 in total Social Security benefits and require a portfolio of at least $891,000 to generate the income they need to live the good life through their normal life expectancy. (The calculation comes from a paper written several years ago, so the Social Security numbers will have changed a bit over the years. Yet the basic calculation remains true.)
But if our couple waits until age 66 to retire, their Social Security benefits go up and the time they need to bank money shrinks, so $552,000 in savings will suffice. Retire at age 70? All they require is a portfolio worth some $263,000. And so on.
Nevertheless, ...(this is clear-) that retirement and work will be woven into a new cloth for many Americans. The challenge for all of us — employees and employers — will be making the best of the situation.
Do You reall Want to "MAKE THE BEST OF IT"
Join Our Team Of Elite Marketers And Shape Your Own Lifestyle!
For the full article go here
Thursday, January 22, 2009
How Many Times Do I Need To Say This...
Joseph Demasi
Success is the result of just 2 things:
1) The books you read
2) The people you hang around with.
If you take the average income of the 4 people you hang around with the most, you can rest assured that is approximately what your income will be- give or take. If you want to earn $100k a year- you need to associate with people that are earning over $100k annually. the same if you want to earn over $100k a month.
Geaorge Bush said it best - "You are either with us or against us" - that is the same attitude you need to take with your friends. You want to associate with Big Thinkers - the ones that look at the results not the problems along the way. Thomas Edison tried 10000 times to invent the light bulb and he finally got it right on the 10001 st try.
If your friend does not believe you will be successful - get another friend! You need people on your team close to you. Keep others at a distance so they will not destroy your dream. "Keep your eyes on the prize" - that is a great saying. There will always be struggles - that's life, there is no such thing as a smooth ride, there are bumps along the way.
Here is the real key to success: NEVER QUIT! Decide right now that you are going to do wahtever it takes to be successful, to get what it is you want. Whatever it takes means whatever it takes. Not what is convenient, or what feels good or is easy. Make a decision right now that you are willing to do whatever it takes to live your dreams or you might as well just quit now.
One of my favorite quotes "Don't wish it was easier, wish you were better" and it may take you a little while to get better so you can achieve the life of your dreams, but won't it be well worth it. Picture what you are doing this for, what is the real reason you want what you want. What will it be like when you have achieved it, how will you feel after that has finally happened.
Keep that picture in your mind- you will refer to it often...
Joseph Demasi
Success is the result of just 2 things:
1) The books you read
2) The people you hang around with.
If you take the average income of the 4 people you hang around with the most, you can rest assured that is approximately what your income will be- give or take. If you want to earn $100k a year- you need to associate with people that are earning over $100k annually. the same if you want to earn over $100k a month.
Geaorge Bush said it best - "You are either with us or against us" - that is the same attitude you need to take with your friends. You want to associate with Big Thinkers - the ones that look at the results not the problems along the way. Thomas Edison tried 10000 times to invent the light bulb and he finally got it right on the 10001 st try.
If your friend does not believe you will be successful - get another friend! You need people on your team close to you. Keep others at a distance so they will not destroy your dream. "Keep your eyes on the prize" - that is a great saying. There will always be struggles - that's life, there is no such thing as a smooth ride, there are bumps along the way.
Here is the real key to success: NEVER QUIT! Decide right now that you are going to do wahtever it takes to be successful, to get what it is you want. Whatever it takes means whatever it takes. Not what is convenient, or what feels good or is easy. Make a decision right now that you are willing to do whatever it takes to live your dreams or you might as well just quit now.
One of my favorite quotes "Don't wish it was easier, wish you were better" and it may take you a little while to get better so you can achieve the life of your dreams, but won't it be well worth it. Picture what you are doing this for, what is the real reason you want what you want. What will it be like when you have achieved it, how will you feel after that has finally happened.
Keep that picture in your mind- you will refer to it often...
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