Squeeze Pages

The not-so-secret, secret in Internet Marketing is the use of Squeeze Pages. Those are the little minisites (mini web-sites) that are just one page, where you offer a freebie or some other sort of incentive, in exchange for the reader’s name and email. Sometimes you may just collect their email, the name is handy (for personalization later) but not crucial.

The best squeeze pages, also known as opt-in pages are simple with a big fat headline and as few words as possible. A video on a squeeze page can work wonders as well.
Squeeze Pages are the heart and soul of Internet Marketing because they are the very easiest vehicle to use to start building a list of leads, or subscribers for yourself. The best way to get started is to get a hold of something called a “Master Resale Rights” product, with “giveaway rights”. That means you can purchase this product (sometimes you can even get it for free (rare), and you can then start giving it out using your squeeze page.

Where can you find Master Resale Rights products, you won’t have to look hard, if you join a “Giveaway” which is what we’ll discuss next.

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

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You’ve GOT to get an Autoresponder!

Subject: You’ve GOT to get an Autoresponder!

Although they aren’t THAT expensive, most newcomers shy away from the inevitable… you HAVE to get an Autoresponder to be really successful. You see, your goal is to not only make sales, but to build up a list of followers to sell to time and again. You may form a bond with them, so that they become even more than just customers, but the point is, without them,  you can’t really be guaranteed to make continuous sales. Your autoresponder will be the place where you email lists will reside, and you will be able to send them messages from there.

The best Autoresponder for Internet Marketers has been touted to be Aweber. Aweber has the best deliverability rates, but has gotten a bit pricey as of late. You can still pay under $20 per month for their service, but as your
list grows, your costs will grow quickly as well. Nevertheless, it is the Autoresponder of choice. A close second is Get Response. Get Response does not have the incredible deliverability of Aweber in tests that we have performed, but is good enough to get by.

Once you get your Autoresponder service become accustomed to it through the in-house tutorials they have for you. It is vital you understand it inside and out. You will be able to send out “broadcasts” or “blasts” as they are called whenever  you wish to your entire list of leads, OR you can schedule them to go out in timed
intervals known as “followups”.

Don’t skimp on this. If you get roped into another Autoresponder, you not only are likely to end up with one of these two down the road, but you may lose your list when you make the switch.

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Start with Blogging

Subject: Start with Blogging

The very first thing you should consider starting with when it comes to making money online is blogging. If you establish a blog, not only is it free, but you can monetize it in several ways.

What is a blog? A blog, originally known as “weblog” is a continuous string of posts that you make about whatever you want to talk about. It can be reviews, information about your particular niche, or just what your thoughts are on the world at hand. If you are sharing valuable information in a particular “niche” you can actually get sponsors to post ads on your blog. However it is easier to monetize your blog in other ways.

For instance, there is Google. Google has the “Adsense Program”, named because the ads actually “sense” what you are blogging about and match the topics accordingly. I will have more information on Adsense for you shortly. There is also something very smart that you can do. You can advertise other people’s products on your blog, by being an “affiliate” for them. I’ll be going over that as well. For now, the most common thing to do is to get your free “Wordpress” blog and install it on your server. That isn’t very hard to do. So go ahead to WordPress.com now and download and install your free WordPress blog and let’s forge ahead!

To Our Success!

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Dave’s Investing Philosophy

INVESTING & RETIREMENT

Dave’s Investing Philosophy

10 MINUTE READ

Knowing how to deal with debt is easy—pay it off! Investing, however, isn’t quite so simple. Most people have questions about when and how to invest their money, so here’s an inside look at Dave Ramsey’s investing philosophy. Just remember, investing is personal. A financial consultant can help you create a retirement plan that’s right for you.

Any successful investment strategy relies on a firm financial foundation, so it’s important to lay the groundwork for financial success by working through the Baby Steps.

Here is Dave’s investing philosophy:

  • Get out of debt
  • Invest 15% of your income in tax-favored retirement accounts
  • Invest in good growth stock mutual funds
  • Keep a long-term perspective
  • Know your fees
  • Work with a financial advisor

Are you ready to get your money working for you?

Your income is your most important wealth-building tool. As long as it’s tied up in monthly debt payments, you can’t build wealth. And if you begin investing before you’ve built up your emergency fund, you could end up tapping your retirement investments when an emergency comes along.

If you haven’t paid off all your debt or saved up six months of expenses, postpone investing for now. After all, avoiding a financial crisis with a fully funded emergency fund and paying off debt are fantastic investments!

 

Be confident about your retirement. Find an investing pro in your area today.

A Simple Investing Plan

Once you’ve completed the first three Baby Steps, you’re ready for Baby Step 4—investing 15% of your income for retirement.

As my friend Chris Hogan, a retirement expert, would say:

 

You’ll get the most bang for your buck by using tax-advantaged investment accounts like these.

 

Pre-Tax Investment Accounts

  • 401(k)
  • Traditional IRA
  • 403(b)
  • Thrift Savings Plan (TSP)

Tax-Free Investment Accounts

  • Roth 401(k)
  • Roth IRA

If your employer matches your contributions to your 401(k), 403(b) or TSP, you can reach your 15% goal by following these three steps:

    1. Invest up to the match in your 401(k), 403(b) or TSP.
    1. Fully fund a Roth IRA for you (and your spouse, if you’re married).
  1. If you still haven’t reached your 15% goal and have good mutual fund options available, keep bumping up your contribution to your 401(k), 403(b) or TSP until you do.

Does your workplace offer a Roth 401(k)? If so, feel free to invest your entire 15% there. Just be sure it offers plenty of good mutual fund options so you can make the most of your investment.

What Does Dave Ramsey Invest In?

You have lots of investment options to choose from, and making sense of them all isn’t easy. That’s why we’ve included a quick guide to help you understand what Dave recommends investing in—and what he does not.

Of course, it’s your money, and you should always understand what you’re investing in. Don’t copy Dave’s plan simply because that’s what Dave does. Work with a financial consultant to compare all your options before choosing your investments.

 

 

 

Want to know more of the specifics? Here’s an explanation of some common investment options and why Dave does or doesn’t recommend them.

 

Mutual Funds

Mutual funds enable you to invest in many companies at once, from the largest and most stable, to the new and fast-growing. They have teams of managers who choose companies for the fund to invest in, based on the fund type.

Why is this the only investment option Dave recommends? Dave prefers mutual funds because spreading your investment among many companies helps you avoid the risks that come with investing in single stocks.

Exchange Traded Funds (ETFs)

ETFs are baskets of single stocks designed to be traded on the stock market exchanges. ETFs don’t employ teams of managers to choose companies for the ETF to invest in, and that often keeps their fees low.

ETFs allow you to trade investments easily and often, so a lot of people try to time the market by buying low and selling high. Dave prefers a buy-and-hold approach with a long-term view of investing.

Single Stocks

With single stock investing, your investment depends on the performance of an individual company.

Dave doesn’t recommend single stocks because investing in a single company is like putting all your eggs in one basket—a big risk to take with money you’re counting on for your future. If that company goes down the tubes, your nest egg goes with it.

Certificates of Deposit (CDs)

A CD is a type of savings account that enables you to save money at a fixed interest rate for a set amount of time. Banks charge a penalty for withdrawing money from a CD before it reaches its maturity date.

Like money market accounts and savings accounts, CDs have low interest rates that don’t keep up with inflation, which is why Dave doesn’t recommend them. While CDs can be useful for setting aside money for a short-term goal, they aren’t suitable for long-term money goals that take more than five years to reach.

Bonds

Bonds enable companies or governments to borrow money from you. You earn a fixed rate of interest on your investment, and the company or government repays the debt when the bond matures. Although bonds’ values rise and fall like stocks and mutual funds, they have a reputation for being “safe” investments because they experience less market volatility.

When you compare investments over time, the bond market doesn’t perform as well as the stock market. Earning a fixed interest rate might protect you in down years, but it also means you won’t profit from the good years. As interest rates go up, the value of your bond on the market goes down.

Fixed Annuities

Fixed annuities are complex accounts sold by insurance companies and designed to deliver a guaranteed income for a certain number of years in retirement.

Dave doesn’t recommend annuities because they are often expensive and charge penalties if you need to access your money during a defined surrender period.

Variable Annuities (VAs)

VAs are insurance products that can provide a guaranteed income stream and death benefit.

While VAs do provide an additional option for tax-deferred retirement savings if an investor has already maxed out their 401(k) and IRA savings accounts, you lose much of the growth potential that comes from investing in the stock market through mutual funds. Plus, fees can be expensive, and VAs also carry surrender charges.

Real Estate Investment Trusts (REITs)

REITs are companies that own or finance real estate. Similar to mutual funds, REITs sell shares to investors who are then entitled to a portion of the income produced from the company’s real estate investments.

Dave prefers to invest in paid-for real estate bought with cash and does not own any REITs.

Cash Value or Whole Life Insurance

Cash value or whole life insurance is a type of life insurance product often sold as a way to build up your savings.

Cash value or whole life insurance costs more than term life insurance. When the insured passes away, the beneficiary only receives the face value of the policy and loses the money saved within it. Dave recommends term life insurance instead, with coverage that equals 10–12 times your income. Start with a 15-year policy—longer if you have young children.

Separate Account Managers (SAMs)

SAMs are third-party investment professionals who buy and sell stocks or mutual funds on your behalf.

Dave prefers to invest in mutual funds with their own teams of experienced fund managers who have long track records of above-average performance.

How Do You Choose the Right Mutual Funds?

Your employer-sponsored retirement plan will most likely offer a selection of mutual funds, and there are thousands of mutual funds to choose from as you select investments for your IRAs. Dave divides his mutual fund investments equally between each of these four types of funds:

  • Growth
  • Growth and Income
  • Aggressive Growth
  • International

Choosing the right mutual funds can go a long way toward helping you reach your retirement goals and prevent unnecessary risk. That’s why it’s important to compare all your options before making your selections. Here are a few questions to consider as you determine which mutual funds are best for you:

  • How much experience does the fund manager have?
  • Does this fund cover multiple business sectors, such as financial services, technology, or health care?
  • Has the fund outperformed other funds in its category over the past 10 years or more?
  • What costs are associated with the fund?
  • How often are investments bought and sold within the fund?

If you can’t find answers to these questions on your own, ask your financial consultant for help. It’s worth the extra time if it means you can make an informed decision about your investments.

Understanding Investing Fees

The fees associated with investing are often confusing, but they are an unavoidable part of investing for retirement. Fees will also have an effect on your savings, so it’s important to understand how much you’re paying and why.

For example, most investing professionals are paid one of two ways.

    • fee-based pro receives ongoing compensation based on a percentage of the assets they manage for you. Their pay rises and falls with the value of your assets.
  • commission-based investing professional is paid up-front based on a percentage of the money you invest. That percentage varies from one investment to another.

Each arrangement has its pros and cons, and you can find trustworthy, client-focused professionals who use either method. However, if your financial consultant doesn’t take the time to explain the costs of their services or the fees associated with your investments, that’s a huge red flag. Never invest in anything until you understand how it works, how much it will cost, and how that cost will affect your savings long-term.

How Does Saving for College Fit Into Dave’s Investing Philosophy?

Once you’re investing 15% of your income for retirement, you can start saving for your kids’ college fund. Just remember, retirement saving comes first! Your kids will have options as they pay for college: scholarships, grants, part-time jobs—anything but student loans. But you will only have your retirement savings to get you through your golden years.

You will have some tax-advantaged college savings options that are similar to your retirement accounts. Education Savings Accounts (ESAs or Coverdell Savings Accounts) are simple and work like an IRA. You can also save for college through a state-specific 529 plan.

Each type of college savings account has its pros and cons, like income limits on ESAs and state-by-state differences between 529 plans. Your financial consultant can help you decide which choice is right for you.

Working With Your Financial Consultant

Even though Dave has a thorough understanding of how retirement investing works, he still prefers to work with a financial advisor. It’s a pro’s job to stay on top of investing news and trends, but their most valuable role is keeping you on track to meet your retirement goals.

A good financial consultant provides insight and direction based on years of investing experience, but they know you’re the decision-maker. Look for a pro who takes time to answer your questions and gives you all the information you need to make good investing choices.

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

What Is the F.I.R.E. Movement?

What Is the F.I.R.E. Movement?

What Is the F.I.R.E. Movement?

12 MINUTE READ

You’ve heard me say a million times that retirement isn’t an age—it’s a financial number. There’s no law that says you have to work until you’re 65. That’s a myth.

I’ve talked to many folks who are well on their way to leaving the workforce early. But there’s a new wave of younger workers who are taking early retirement to a whole new level. They’re on a mission to blaze a new path toward retirement as part of the F.I.R.E. movement.

They believe it’s possible to retire sometime in their 30s or 40s. You read that right! But how? Is it actually realistic to retire at age 45? Or even 35? Let’s take a closer look at the F.I.R.E. movement, see how people do it, and find out whether or not it’s right for you.

So What Is the F.I.R.E. Movement?

F.I.R.E. stands for “Financial Independence, Retire Early.” The goal is to save and invest very aggressively—somewhere between 50–75% of your income—so you can retire sometime in your 30s or 40s.

That’s right: You need to save at least half your income.

How do people do it? In order to be able to sock away that much money toward investing, folks who are on F.I.R.E. are always looking to do two things: keep their expenses extremely low and raise their income. The general idea is that the higher your income is and the lower your expenses are, the faster you can reach financial independence. Think gazelle intensity—except the gazelle is literally on fire.

Be confident about your retirement. Find an investing pro in your area today.

For those in the F.I.R.E. movement, “financial independence” doesn’t just mean sitting on some tropical beach or playing golf all the time. It means reaching the point where you don’t have to work a full-time job if you don’t want to. You can scale back to a part-time job or simply stop working altogether. The choice is yours.

What We Can Learn From the F.I.R.E. Movement

I have some mixed feelings about the F.I.R.E. movement. On one hand, I appreciate the focus and intensity these people have toward reaching their retirement dreams. No matter where you are on your financial journey, there are some key lessons we can all take away from the F.I.R.E. movement:

1. Start Dreaming and Planning for Retirement

The thing I like most about the F.I.R.E. movement is that it’s getting younger workers to start thinking about retirement—especially since less than half (41%) of Americans have tried to figure out their retirement savings needs.1 That’s like trying to aim for a target with a blindfold on. Defining what you want your retirement to look like and making a plan to get there puts you ahead of the game. And I’m all for that!

2. Find Ways to Keep Your Expenses Low

I’ve noticed another recurring theme among those who follow F.I.R.E. They take the time to really look at where their money is going. They define wants and needs and cut out spending that doesn’t make sense for them. That means getting on a budget and sticking to it. Those savings here and there add up, and they can help you make serious progress toward your goals.

3. Look for Ways to Boost Your Income

There’s no way around it. If you want to retire early—or really early in the case of F.I.R.E.—that means getting creative about finding ways to make some extra cash.

Maybe you’re on a career path that’ll lead you to a job with a six-figure salary. Or you’ve got a side hustle that you’re turning into a small business on nights and weekends. It could mean delivering pizzas for a while or saving up to buy a rental property.

Whatever that looks like for you, additional income will play a huge role in helping you to take a step back from the workforce and enjoy an early retirement.

4. Make Saving and Investing a Priority

If you want to retire early, you have to save and invest. There are no ifs, ands or buts about it. That’s why folks in the F.I.R.E. movement are radical about throwing huge chunks of their income toward their retirement.

Maybe saving 50% sounds like too much for you right now. That’s okay! We all have to start somewhere. I recommend you start by investing 15% of your income into retirement savings. The key is to get into a regular habit of saving and investing every month. When you do that, you let time and compound interest work for you instead of against you.

Why the F.I.R.E. Movement May Not Be for Everyone

Now, here’s the first big barrier to following the F.I.R.E. movement: You need to have a large enough income. Many proponents of F.I.R.E. agree that no matter how much you cut down your lifestyle, it’s going to take a large income—probably somewhere in the six-figure range—to have the ability to save enough to retire before your 40th birthday. Keep in mind, you’re trying to out-save a lot of inflation and non-working years the earlier you retire.

But that shouldn’t discourage you from building wealth! I’m here to tell you that anyone can do it. For my new book, Everyday Millionaires, we discovered that one-third of millionaires never had a six-figure household income in a single year. We also found that the average millionaire worked, saved and invested for an average of 28 years before hitting the $1 million mark.

While F.I.R.E. may be extreme, no matter what kind of career or salary you have right now, don’t fall for the myth that you need a high-paying job to build the wealth you need to retire securely. Anyone can become a millionaire—it just might take a little time.

Don’t Mess With Credit Cards—You’re Going to Get Burned

All income aside, there are some other issues and obstacles with the F.I.R.E. movement approach I want to tackle head-on.

Many F.I.R.E. advocates actually promote the idea of using credit cards for the points and rewards. Say what?

From student loans to credit cards, about three out of four millennials in the U.S. are in debt—carrying an average debt balance of $36,000.2 And let me tell you, it’s hard to save and invest when almost a third of your budget is going toward paying back debt. That’s not a recipe for financial success.

Listen to me: Don’t mess around with credit cards. Studies have shown over and over again that you’ll spend more with credit than with cash—in some cases, almost twice as much.3Hmm. Wasn’t the goal to spend less money on stuff?

You may be saying, “But, Hogan, I pay my credit card bill on time every month!” You might get away with that for a while, but you’re not beating the system. There’s a reason why Americans have tallied $848 billion in credit card debt.4All it takes is one missed payment or one major emergency that forces you to bite off more than you can chew and you find yourself in serious trouble. When you play with fire . . . well, you know what happens.

Don’t Do F.I.R.E. Just to Escape a Job You Hate

You might be drawn to the F.I.R.E. movement if you hate your job. After all, 70% of American workers say they’re completely dissatisfied at work.5 So it’s no wonder that a growing number of young workers are dreaming about leaving the workplace altogether.

But there’s a deeper problem that lies beneath the surface, and F.I.R.E. isn’t going to solve it. If you hate your job, you don’t need F.I.R.E. What you really need is a new career path. My friend Ken Coleman calls it “finding your sweet spot.” That’s the place where your greatest talents and passions intersect. Even folks who follow F.I.R.E. will tell you that!

If your sole desire is to retire early so you can escape going into work on Monday, you’re going to be disappointed. Life is too short to waste decades or even one year working a job you hate.

The Roadmap to Early Retirement

Okay, so you may be saying, “Hogan, I’m in.” If you have a goal to retire at 45, that’s great! I want you to dream big. But whether your goal is to retire at age 65 or 35, you need a plan. You need to know how much money you’ll need to have saved in order to retire when you want—and how much you’ll need to save toward retirement each month to get there.

You can use my Retire Inspired Quotient (R:IQ) tool to help you figure out what that number is. You should also sit down with a financial advisor who can walk you through your plan and tell you what you’ll need to do to retire early.

Here’s a step-by-step plan that will put you on the path toward an early retirement:

Step 1: Get Out of Debt and Finish Your Emergency Fund

I mentioned earlier that debt is holding back millions of younger workers from investing for retirement. That’s why I want you to get focused. Chop up those credit cards and attack your debt with everything you’ve got.

After you become debt-free and before you start investing for retirement, it’s time to build up an emergency fund. When you have enough money in a savings account to cover 3–6 months of expenses, you won’t have to worry about a broken air conditioner or a flat tire derailing your investing plan.

Step 2: Invest 15% Into Tax-Advantaged Retirement Accounts

Here comes the fun part! Now you’re ready to start saving for retirement. Begin by saving 15% of your gross income every month in retirement plans like a 401(k) and a Roth IRA—investing your retirement money in mutual funds with a great track record.

Step 3: Save for Your Kids’ College and Pay Off Your Mortgage Early

Do you have kids? If you do, then it’s time to start saving for their college fund. This is important because it’ll help give your kids a head start on covering college expenses and put them on a path toward graduating college debt-free.

While you’re doing that, get intense about paying off your home early. This is a huge goal that’s going to give you a ton of momentum toward early retirement! Think about it: How much more money would you be able to save for retirement if you didn’t have a house payment? What could you do if you were completely debt-free with a paid-for house?

Step 4: Investing Beyond 15%—Max Out Your Retirement Accounts

Now that you’ve got Junior’s college fund in place and you have a paid-for house, you can really start to make some headway on your early retirement goals. First, go back to your 401(k) and IRA and max out your contributions to those accounts. For 2019, you can put up to $19,000 into your 401(k) and $6,000 into an IRA.That’s $25,000 combined.

But remember: In most cases, you won’t be able to withdraw money from your 401(k) or IRA without facing an early withdrawal penalty until you hit age 59 ½. For example, with a traditional 401(k), you’ll not only have to pay income taxes on the money you take out, but Uncle Sam is going to take another 10% on top of that. Not a good plan!

There’s a solution to that problem that most people who want to retire early forget about. It’s called the bridge account.

Step 5: Build a Bridge Account—Open a Taxable Investment Account

If you want to retire early, the bridge account will help you “bridge” the gap between when you want to retire and when you can take the money out of your retirement accounts. As you plan your retirement dream, set a retirement age target and figure out how much money you’ll need to live on. Then make sure you’re on track to have that much saved in your bridge account for each year of your early retirement until you can access your retirement accounts without penalty.

So, once you’ve maxed out your 401(k) and IRA, open up a taxable investment account to serve as your bridge account. Here’s what I like about taxable investment accounts:

  • You can take out money anytime you like.
  • There are no contribution limits.
  • You can open an account through a brokerage firm and invest in mutual funds.

The one big drawback to these investments is that you pay taxes on any money your account earns.It’s a good idea to sit down with your investing professional to work through the numbers and set a goal for how much you’ll need to have in your bridge account to retire early.

Work With an Investing Pro

There are a lot of different moving parts that go into retiring early, but it is possible—and you shouldn’t plan it alone! The best way to work toward turning that dream into a reality is to work with a financial advisor who will help you get there.

Our SmartVestor program can connect you with an investing professional in your area who will help you come up with a plan and show you exactly what it’ll take to retire early.

Find your SmartVestor Pro today!

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

About Chris Hogan

Chris Hogan is a #1 national best-selling author, dynamic speaker and financial expert. For more than a decade, Hogan has served at Ramsey Solutions, spreading a message of hope to audiences across the country as a financial coach and Ramsey Personality. Hogan challenges and equips people to take control of their money and reach their financial goals, using The Chris Hogan Show, his national TV appearances, and live events across the nation. His second book, Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—And How You Can Too is based on the largest study of millionaires ever conducted. You can follow Hogan on Twitter and Instagram at @ChrisHogan360 and online at chrishogan360.com or facebook.com/chrishogan360.

 

Stay Focused on Your Retirement Savings Goal

How to Save for Retirement

How to Save for Retirement

10 MINUTE READ

We all know it’s important to save for retirement. And yet I’ve talked to many folks who don’t have a single dollar in their nest egg. Why? A lot of them tell me they just don’t know how to save for retirement or where to start.

Ramsey Solutions conducted a study on the state of retirement in the U.S. and it found that nearly half of Americans aren’t saving for retirement.1 And even those who do save for retirement aren’t saving enough.

Folks, that’s a problem!

The good news is that people are thinking about it. In fact, 51% of Americans said saving money was one of their New Year’s resolutions for 2019.2 That’s right up there with eating healthier and getting more exercise as the most popular resolutions.

But wishing without action is just a pipe dream. You have to do something different if you want your habits—and your future—to change! And the truth is, saving for retirement is easier than you think. We’re going to cover three steps:

  1. Set a Goal for Your Retirement Savings
  2. Invest 15% of Your Income Into Tax-Advantaged Accounts Like a 401(k) and Roth IRA
  3. Going Beyond 15%—Max Out Your 401(k) and Other Investing Options

I’m going to show you how to save for retirement step-by-step and give you a few practical ways you can turbocharge your savings plan today.

 

Be confident about your retirement. Find an investing pro in your area today.

Let’s get started!

Step 1: Set a Goal For Retirement Savings

If you want to turn your retirement dreams into reality, you need to see where you are today, dream of where you want to go, and make a plan to get there.

What does your happily ever after look like? Take some time to sit down with your spouse or a good friend and really think about what you want to do in retirement. Are you sitting on a beach somewhere and sipping on piña coladas? Are you spending time hanging out with your kids and grandkids? When you can see your retirement dreams in high-definition, you’ll be more focused and ready to do what it takes.

My Retire Inspired Quotient (R:IQ) tool will help you figure out how much you’ll need to have saved for retirement. You can do this!

Step 2: Invest 15% Of Your Income Into Tax-Advantaged Accounts

Now it’s time to put your plan into motion! Once you’re debt-free (which means everything is paid off except for the mortgage) with a fully funded emergency fund (Baby Steps 2 and 3), you’re ready to start investing 15% of your gross income for retirement (Baby Step 4).

Here’s how you get started with your retirement savings:

  • Get the 401(k) match. If your employer offers a traditional 401(k) with a match on your contributions, make sure you invest at least up to the match to take full advantage of that free money. Does your company offer a Roth 401(k)? Perfect! As long as you’ve got good mutual fund options, you can invest your whole 15% there.
  • Open up a Roth IRA. If you’re using a traditional 401(k) and you’ve invested up to the match, work with a financial advisor to open a Roth IRA. It’s a retirement savings account that lets you pay taxes on the money you put into it up front. That means the growth in your Roth IRA and any withdrawals you make after age 59½ are tax-free. That’s a win-win! For 2019, you can put a maximum amount of $6,000 into an IRA (or $7,000 if you’re age 50 or older).3
  • Go back to your 401(k). If you maxed out your contributions to your Roth IRA for the year and still haven’t hit 15%, then bump up your 401(k) contributions until you do.

Inside your 401(k) and IRA, your investments should be spread evenly between four types of growth stock mutual fundsgrowth and income, growth, aggressive growth and international. I personally look for funds that have a good track record over a long period of time.

There are lots of funds out there to choose from, so I would reach out to an investing professional who can help you make sense of your options and choose the best funds for your portfolio.

Step 3: Going Beyond 15%—Max Out Your 401(k) and Other Investing Options

Now that there’s nothing standing between you and building wealth like crazy, it’s time to start running up the score and put your retirement savings into high gear!

Here are some options for when you’re ready to invest beyond 15% of your income toward retirement:

  • Max out your 401(k) and tax-favored investment options. When you have extra money to invest, the first step is to max out your 401(k) and/or Roth IRA. If your Roth IRA is maxed out for 2019, you can put up to $19,000 (or $25,000 if you’re age 50 or older) into your 401(k).4
  • Open a taxable investment account. In most cases, you can’t take out money from your 401(k) or IRA before age 59½ without facing an early withdrawal penalty. The way around that is to open a taxable investment account. You can put as much money as you want into the account and take money out whenever you want, but you’ll have to pay taxes on any money your account earns.
  • Invest in real estate. Buying a rental property can be a great way to earn passive income, but there are some very important guidelines I want you to follow—like staying local and having an emergency fund set aside just for your rentals. But the most important one is this: I want you to pay cash for your real estate investments—no exceptions. Don’t put yourself at financial risk by financing a rental property. It’s a bad idea.
  • Take advantage of your HSA. With an HSA, you can save—and even invest—money to pay for deductibles and other medical expenses tax-free. And once you turn 65, your HSA acts like a traditional IRA—which means you can take out money for anything you’d like. But you’ll pay taxes on it when you do—just like a traditional IRA.

How to Save More for Retirement

The Retirement in America study found that, among those who are currently saving for retirement, seven in 10 wish they were saving more.5 So, what’s keeping people from going the distance? The truth is that saving for retirement is a challenge, especially when the expenses of right now stand in your way.

But there might be some potential savings hiding in plain sight right there in your budget.

Saving Tip #1: Cut Down Your Cost of Living

Our study found that, across all demographic groups, cost of living is the top reason people don’t save for retirement.6 And, while household incomes have finally bounced back to where they were before the 2008 financial crisis hit, the cost of living has increased by 18% during the last decade.7

That doesn’t leave much wiggle room for families to tackle everyday expenses. But that doesn’t have to spell disaster for your retirement! Here are two tips to help you stay on track:

  • Don’t spend your raises. A lot of people increase their lifestyle to match that income increase. A fancier car. A new kitchen. A nicer wardrobe. But remember: Investing 15% of your income also means investing 15% of any pay increases. As your income grows over time, those bumps in pay can add some serious cash to your nest egg!
  • Stick to a monthly budget. If you haven’t been budgeting, now’s the time to start! A budget helps you take control of your money and make a plan for every dollar. Tell your money where to go instead of wondering where it all went.

Saving Tip #2: Stop Overspending on Non-Essentials

Going out for lunch with your coworkers every day or signing up for that cable package with all those premium channels you never watch can leave your nest egg riding on empty.

A recent study found that the average American spends almost $1,500 on non-essential items every month. That’s almost $18,000 a year on things like eating out, impulse purchases and magazine subscriptions! Don’t get me wrong. I want you to enjoy life and have some fun! But don’t go overboard and let your fun hijack your future.

What if you just cut your non-essential spending by $150 per month and put that money into retirement savings for 15 years? By ditching your cable and canceling that gym membership you barely use, you could potentially add almost $70,000 to your retirement account. That’s nothing to sneeze at.

Are you already thinking about some things in your budget you might be able to slash? Here are a couple of my suggestions:

  • Check your insurance policies. When was the last time you reviewed your insurance policies? If it’s been a while, reach out to an independent insurance agent and see if they can find you a better deal on car insurance or homeowner’s insurance. You might be leaving hundreds of dollars in savings on the table!
  • Cut down on the kids’ extracurricular activities. From guitar lessons to sports equipment, almost 40% of parents spend more than $1,000 each year on their kids’ extracurricular activities.9 That adds up fast! Limiting kids to one extracurricular per season or trading travel teams for rec leagues won’t only help with your budget, it also might increase your family time.

Saving Tip #3: Get Rid of Any Debts

The Retirement in America study found that almost one-third of savers who are in debt (31%) ranked credit card debt as a top reason they don’t save more for retirement.10

Listen up: Debt isn’t just borrowing money you don’t have from the bank. It’s also borrowing from your future! Every dollar that goes to a debt payment is a dollar you could have invested. If you want to be serious about saving for the future, debt has got to go. Knock out your debt using the debt snowball method

For my new book, Everyday Millionaires, we talked to thousands of millionaires to find out how they built wealth and what it takes to retire as a millionaire. And guess what? Not one of them ever said they got rich from their rewards points. The majority have never had a credit card balance in their lives and most of them never took out a student loan.

Why? Because millionaires know that debt will hold you back and prevent you from reaching your financial goals. Stay away! 

Stay Focused on Your Retirement Savings Goal

Remember: Retirement isn’t an age. It’s a financial number. Keep that goal in mind and remember that saving for the future is a marathon—not a sprint. I know how easy it can be to let life get in the way of your retirement savings. But, with the right plan and the right actions, you can enjoy your life now and still make progress toward your financial goals—even that million-dollar mark!

Ready to break through the savings barriers? A SmartVestor Pro can help you outline a plan no matter your financial situation.

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

Genusity GenPRO Saturday Launch Re minder

This is going to be EPIC!
Genusity’s…
GenPRO
will build your Team by the 1,000’s!
LAUNCHES
Decem ber 30th

Hi Howard,

This is going to be GIGA NTIC!

There has NEV ER been a SYS TEM
like this…EV ER!
There is
ONE SYS TEM REQUIREMENT
TO GET YOUR SYS TEM:

Get on TODAY’S
SATURDAY
12 NOON Eastern E-VENT!

You MUST atte nd one of our LIVE
SATURDAY, Decenber 14th (TODAY), 21st or 28th
12 Noon Eastern WEBINARS
or
TUESDAY, December 17th  8 pm Eastern WEBINAR :
You Must Reserve Your Seat NOW
by going to this website:
http://genusitynow.com/r/XvsTv?mid=283-c1-91-225
Look for the confir mation email in your inbox
and/or sp am folder, follow it’s instructions and
get on the webinar 5 minutes early!

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If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

8 Christmas Extras You Don’t Need

SAVING

8 Christmas Extras You Don’t Need
8 Christmas Extras You Don’t Need
7 MINUTE READ

It feels like every Christmas season, businesses are competing for your hard-earned cash in new ways. The festive marketing is everywhere trying to get you to spend a little extra.

And if you’re getting out of debt or building up your savings, the phrase extra money probably isn’t even in your vocabulary. But stores will do everything they can to convince you to toss a couple of added items into your cart this season.

Steer clear of these Christmas extras they say you can’t live without!

Extra! Extra! You Don’t Need These Things
1. Extended Warranties
You’ll hear the pitch for the extended warranty as soon as you reach the register. So, we want you to practice saying this: No. It’s a complete sentence. Now wasn’t that easy?

You should decline the extended warranty simply because it’s not a good deal. Warranties at electronic stores are ridiculous because these stores have slim margins on the products they sell. And since they have to make money somehow . . . hello, upselling of extended warranties. The markup is unreal! Stores can make a major profit (and commission) just from selling one to you. That’s why you’ll hear a pitch about a $1 warranty on your $2 pack of chewing gum.

Ready to start saving? Download our free budgeting tool today!

2. Store Credit Card Discounts
Say it again: No!

You’re getting really good at this.

Everyone from big-box retail stores to Uncle Bob’s Toothpick Shack seems to have their own store credit card these days. They’ll be more than happy to offer you 10–20% off a $7 purchase of Santa Claus socks, if you’ll just open a credit card account. And watch out for those tricky “store cards”—a lot of them are credit cards in disguise!

Just think, you could still be paying off this year’s Christmas next December! Talk about Christmas memories that last—bah, humbug to that!

3. High-End Electronics
So this is Christmas.
And what have you done?
Bought everyone on your list an iPad.
When your budget said only buy one.

It might be Christmas, but that doesn’t mean you need to buy people pricey electronics. It’s still Christmas whether you gift your friends and family with a nice coffee mug for beverage-sipping or a big-screen TV for game-watching. And once you start buying the fancy Apple products, TVs, cameras and other gadgets—where do you stop?

If you’re getting mom an iPhone, dad’s going to want one too. If you’re bro is getting a drone, what do you get your sister-in-law? Your 7-year-old wants an iPad? Nice try, kid, here’s a pencil and a notepad.

Think about it: Any way you slice it, electronics add up to be way more than most people want to spend on Christmas. But we end up giving in once we get caught up in the Christmas craze. Steer clear and focus on more personalized (and cheaper) gifts that will be meaningful.

4. Exercise Equipment
You might be thinking, Who buys exercise equipment at Christmas? And the answer to that is—a lot of people, actually. Why? We all know January is lurking right around the corner. And even though we aren’t about to pass up that second round of chocolate pecan pie, we’ll splurge on an expensive elliptical . . . in the hopes that seeing it every day will make us want to use it.

So you want to make a commitment to stay healthy—and that’s a good thing. But if you wait until January, you might find some better sales headed your way. Stores are trying to clear out what didn’t sell over Christmas, and they know the rush of New Year’s resolution-ers has already passed. That’s the time to score a great deal. Better yet? Check out your local Facebook Marketplace or craigslist for good, used equipment to get your fitness on.

5. Gift-Wrapping Services
If it’s complimentary at the store, go for it. But you really don’t need to pay for someone else to wrap all your gifts. This isn’t the North Pole. You’ll save a ton of money by just buying a roll of wrapping paper and a bag of bows from the local dollar store. It’s all going to get ripped up on Christmas morning anyway.

You could also get crafty and creative! Grab some newspaper, brown bags or butcher paper and wrap your gifts with it. You can dress them up with some festive twine and ribbon, or let the kids decorate them with stamps and markers to give to the grandparents. It’s affordable and adorable!

And if you really want to try something unconventional this year, how about using wrapping paper made out of a potato chip bag? We’re serious. All you have to do is turn an (empty) bag of chips inside out, wash it, and then use the shiny, silver foil to wrap your gifts!

6. Overnight Shipping
You don’t need overnight shipping because you’re planning ahead, right? Don’t wait until December 22 to order your Christmas presents. If you order a few weeks earlier, you might even be able to get free shipping and have it arrive in plenty of time for Christmas.

Santa’s on a tight schedule, and he doesn’t have time to sit around and wait for your last-minute order! Plan ahead (like right now!) so you don’t have to worry about those extra overnight shipping rates.

7. Everything on Your Kids’ Christmas List
Oh yes, this is so “extra” as the youths would say. Just because your kid (who has been mostly good all year) put 20 super-expensive items on their list doesn’t mean you have to spring for all of it.

Set a reasonable budget, determine what’s fair for each kiddo, and stick to it. Be sure you’re following realistic gift guidelines before you go out shopping. Don’t let your kid’s list dictate how much money you spend—your budget should do that.

Look out for sneaky buys that drain your budget too. Some people can spend just as much money on stocking stuffers as they do on regular gifts under the tree. Don’t get swept up in a stocking that looks like it was stuffed by Santa himself. Set a minimum per kid and keep it simple. Don’t break the bank on stocking stuffers when your local dollar store has everything you need.

8. Christmas Cards for Everyone
We know you want to send out the annual Christmas card with a festive photo of the family and your holiday-ready pet, but do you really need to?

If you do, go the inexpensive route: Skip the professional photographer and set up your tripod and self-timer. Or ask a family friend with a good eye (or on-point photography skills) to snap some Christmas photos for you.

When it comes time to print the Christmas cards, look for companies offering coupon codes. Some will even give you a certain number of cards for free—all you have to pay is the shipping cost.

You can cut costs even more if you only send those Christmas cards to five to 10 of your closest friends and family. It’s okay to be a little selective here. You don’t really need to send a card to the pizza delivery guy, your boss’ cousin, and your ninth grade Sunday School teacher.

Make the Most of Your Money This Season
Ready or not, this is the last full week before Christmas is finally here! We’re not trying to burst your holiday shopping bubble, but remember this: Christmas is all about finding joy by spending time with others and blessing them—not spending money just because every Christmas commercial told you to.

Invest in meaningful experiences and gifts that will make a difference in their lives—not in another fruit cake, trendy gift or touch-screen gizmo. If you’re stumped for ideas, we have plenty of purposeful gifts in our online store that will leave a lasting impact long after this Christmas season is over!

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

Tax Tips you can bank on

Quick question howard,

Have you gotten caught up in believing the
popular rhetoric about the “rich” not paying
their fair share of taxes?

Let’s look at the IRS’s own stats for 2017
tax returns (that latest year for which
data is complete).

Below are rounded-off numbers, with specific
percentages following in parentheses)

The TOP 1% of tax filers, those whose
adjusted gross income (AGI) was more
than a half million dollars), paid nearly
40% (38.47%) of ALL taxes collected.

The TOP 5% paid 60% (59.14%) of all taxes.
The TOP 10% paid 70% (70.08%) of all taxes.

Meanwhile the entire “bottom 50%”
COMBINED, paid only 3% (3.11%) of
ALL taxes collected across America.

And, due to tax Credits, many of them
are getting a refund that is greater than
the total taxes they paid-in. That, in my
opinion, is both fair and deserved.

Those between the Top 10% and the
Bottom 50% paid the remaining 27%.
Looks like a more-than-level playing
field to me.

Question:
Since YOU are running YOUR OWN
business, aren’t you HOPING that
someday YOU will become earn the
title “upper income earner?”

Just some food for thought,
Dr. Ron Mueller, MBA, Ph.D.
Small-Business Tax-Savings Coach

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach

If a leader doesn’t convey passion and intensity then there will be no passion and intensity within the organization and they’ll start to fall down and get depressed. Get Your Free Position Now http://lock-in-your-position.com/lp3/?sponsor=homeprofitcoach