Erase Your Debts Rev4 wtgsv1

THE ERASE YOUR DEBTS GROUP : 

THE ERASE YOUR DEBTS GROUP

Slide 2: 

Personal Financial Success System 1. Smart Cash Flow Management 2. Business Income [ A Income for Life]

Smart Cash Flow Management System : 

Smart Cash Flow Management System Step #1 Acquire as much Cash Flow as possible each month by Minimizing Taxes Minimizing Expenses Eliminating Debt Then Start Investing

Did You Know? : 

Did You Know? That all the money you earn from Jan1 to May15 you pay out in Taxes From May 16th to Dec 31st Is Money You get to Keep So if your total household income is $50,000 a year and you’re in the 28% Tax Bracket You Pay $14,000 in Taxes

Slide 5: 

You can get this form from your HR dept at work. The next slide explains: Why you may need to make some adjustments

How Much of Your Money do you want to give away? : 

How Much of Your Money do you want to give away?

Utilize Legal Tax Write Offs : 

Utilize Legal Tax Write Offs Personal Expenses vs. Business Expenses What would you rather do? Pay Your Taxes 1st then live on what’s ever left or Purchase what you need and only pay taxes on the money you haven’t spent

The IRS has over 400 Legal Tax DeductionTake every legal deduction you can. Here are a dozen that even savvy small-business owners and entrepreneurs sometimes forget: The Deductible Dozen: : 

The IRS has over 400 Legal Tax DeductionTake every legal deduction you can. Here are a dozen that even savvy small-business owners and entrepreneurs sometimes forget: The Deductible Dozen: Other equipment Software and subscriptions Mileage Travel, meals, entertainment and gifts Insurance premiums Retirement contribution Social Security Telephone charges Child labor Home office Office supplies Furniture

This Member owed the IRS $3,121 : 

This Member owed the IRS $3,121

Using Just a Few of the Over 400 Deductionto Amend this Tax Return Saved this Member over $3,100 : 

Using Just a Few of the Over 400 Deductionto Amend this Tax Return Saved this Member over $3,100

Car and Truck Expenses : 

Car and Truck Expenses IRS Publication 463 states that: You can deduct Actual Car Expenses Or Standard Mileage at a rate of 51 cent per mile ( If this isn’t taken your throwing away a $7,650 Tax Deduction. So roll down the car window and toss out 14 Dollars on the way to Work and $14 on your way back Home.) Base on an average of 12 to 15,000 driving miles a year

Meals and Entertainment Write Offs : 

Meals and Entertainment Write Offs Meals: Never eat alone. Deduct 1/2 of the Cost of the Meals you pay for Always have plenty of Business Cards – Advertize Your Business Daily Entertainment: Examples include entertaining guests at nightclubs; at social, athletic, and sporting clubs; at Theaters; at sporting events; on yachts; or hunting, fishing, vacation, and similar trips See IRS Publication 334 for Details

Hire Your Children : 

Hire Your Children Instead of giving your Kids an allowance Pay them to work for you in your Home Base Business and Write it Off See IRS.GOV Publication 15 for details and limitations

Like savvy Millionaires : 

Like savvy Millionaires

Step #2Setup an Emergency Fund : 

Step #2Setup an Emergency Fund You need at least $300 in this Fund Use a Money Market Fund and keep in separate from Your checking account If possible make periodic deposits until you get to $1,500 then Stop DO NOT IMPLEMENT THE NEXT STEP UNTIL YOU STARTED THIS ONE

Step #3Setup a Retirement Account : 

Step #3Setup a Retirement Account Begin Investing in a Retirement Account of some kind { 401-K, 403-B, IRA, Simple IRA, SEPP IRA etc} If you can, put in the maximum amount on a monthly basis, but at least 5% of you income.} Because of an Unstable Economy you may want to Setup a 802-M Retirement Plan 1st then choose one of the Plans above. (See Next Slide for Details) DO NOT IMPLEMENT THE NEXT STEP UNTIL YOU STARTED THIS ONE

802-M Retirement Plan Details : 

802-M Retirement Plan Details GET AN ENROLLMENT FORM and ALL YOUR QUESTIONS ANSWERED from PRESENTER Retire in 24 mo’s with a pay out of up to $100,000 Limited Enrollment: You must be placed on a waiting list until Open Enrollment Accumulate monthly profit sharing of up to $1.50 per person when individuals enroll after you. Start Your Plan for as little as $70 with Guaranteed Monthly Dividend

Step #4Setup a Debt Elimination Plan : 

Step #4Setup a Debt Elimination Plan Take the rest of Your Available cash flow { After Living Expenses} and Pay Off All of Your Consumer Debt [ Not Mortgage] DO NOT IMPLEMENT THE NEXT STEP UNTIL YOU STARTED THIS ONE

Step # 5Max Out Your Retirement Investments : 

Step # 5Max Out Your Retirement Investments If You are not maxing out your retirement investment, raise your payments to the Max at Step #3 Always Diversify Your Investment Portfolio DO NOT IMPLEMENT THE NEXT STEP UNTIL YOU STARTED THIS ONE

Step #6Build Your Emergency Fund to 3 to 6 Months Living Expenses : 

Step #6Build Your Emergency Fund to 3 to 6 Months Living Expenses This Should happen fairly quickly because you have extra cash flow from Eliminated Debt and Business Income DO NOT IMPLEMENT THE NEXT STEP UNTIL YOU STARTED THIS ONE

Step #7 Buy a Home then Payoff the Mortgage : 

Step #7 Buy a Home then Payoff the Mortgage 7a If you are Renting, Buy a Home then proceed to 7b 7b Take All of your available cash flow and pay off your mortgage Once your Home is paid off, All you need is Gas and Groceries DO NOT IMPLEMENT THE NEXT STEP UNTIL YOU STARTED THIS ONE

Step #8Expand Investment Portfolio : 

Step #8Expand Investment Portfolio Start building an investment portfolio over and above your retirement accounts. You have endless options: Tax Lien Certificates, Real Estate, Stocks, Bonds, Gold, Mutual Funds, etc. Attend one of our Groups “Invest Right” Training Seminars or some other investment training class before beginning. We recommend you pay off Your Mortgage before going to this step, it is less risky.

Will You Recession Proof Your Home Today? : 

Will You Recession Proof Your Home Today? A Retirement Plan A Plan to reach the Zero Tax Bracket True Residual Income Family Savings   Get A Month Ahead on All Your Bills Now Get 3 to 6 Mo’s Ahead Family Income (Linear Income) Written Family Budget Checking Account with Overdraft Protection Identity Theft Protection Get Out of Debt Pay off your Credit Cards, Cars, Homes,... Increase Your Credit Score Buy Assets   A Home Base Business with a System   Tax Lien Certificates   Long Term Investments Estate Planning  Setup Family Trust Accounts  A Good Tax Preparer  A Good Attorney Family Insurance   Family Health Insurance Home Owner Insurance Auto Insurance with Roadside Assistance Life Insurance Long Term Care Insurance FINANCIAL INDEPENDENCE = When Your Passive Income Exceeds Your Families Monthly Outgoings Expenses

Join Our Group : 

Join Our Group

Some Members have made a W-4 adjustment to Fund their 802-M Retirement Plan, Family Emergency Fund and their Debt Elimination Program : 

Some Members have made a W-4 adjustment to Fund their 802-M Retirement Plan, Family Emergency Fund and their Debt Elimination Program This can create $50 or more a week in Your take Home Pay

As a Member of Our Group You have these Options : 

As a Member of Our Group You have these Options 1. Attend Free Monthly Tax Relief Classes 3. Get the Online Record Keeping System of Video’s, Audio’s and Forms for a One Time Setup Fee $199 2. Learn from Weekly Webinars & Tax Strategy Calls

D: Share this “Debt Free Info” with people you care about : 

D: Share this “Debt Free Info” with people you care about PS: Ask Presenter for Mileage Log, Budget Form & Daily Method of Operation Sheet Joining Our Group A: Learn “How to Be Debt Free” B: Setup Your Record Keeping System C: Setup Your 802-M Retirement Plan

Get Your Questions Answer and Let’s get Started : 

Get Your Questions Answer and Let’s get Started