Tax Help - Girls (and Guys) Just Want to Have Fun by Using Tax Saving Tips

In his best selling book, "Rich Dad, Poor Dad, Robert Kiyosaki warns people against the dangers of buying what he calls "doodads" - you know, junk, spur of the moment items.

Tax Secrets of the Rich Found Here

Those things that you didn't know we existed until you read about them in an in-flight shopping catalogue and know that you know about them, you just can't live with out one. Many people have basements that are packed with electric pet feeders, remote controlled shoulder massagers, hardly used camping equipment, fishing poles, baby toys and clothes.

These are the every same items you see being sold at garage sales just a short time later, for about 5% of the original purchase price.

Asset Protection

Some people take this to mean that the only way to become financially free is to stop spending money. That's simply not true. The trick, however is to manage your spending by focusing on buying more assets (things that put money in your pocket) and less liabilities (things that take one out of your pocket).

But this begs the question: "What is the smartest way to pay for my fun?"

The first way is to make your fun tax deductible whenever possible.

Did you know that things like season tickets and tickets to concerts can be tax deductible?

Same thing with country club memberships?

Are you trying to get into shape for the summer?

You can deduct the cost of a personal trainer and your corporate gym. Would you like to take the family on that terrific vacation they so deserve?

Make it part of your annual meeting and let Uncle Sam underwrite the cost.

Tax Strategies

How about new furniture, ski equipment or golf clubs? Would you like to learn to cook, fly or meditate?

Would you like to have your own swimming pool and health spa?

No problem.

All of these things can be done with pre-tax dollars with a HUGE net savings to you.

All the Best,

Drew Miles, The Tax Saving Attorney.

Drew has combined what he learned during formal education, informal education and twenty five years of business experience in the development of programs designed to teach people how to build and preserve lasting wealth. He is an author, teacher and international speaker in the areas of asset protection, and tax saving and wealth building strategies.

In The News:


How to get started building wealth
Dallas Morning News
But starting early is the key to building lasting wealth. And if you have access to a 401(k) plan, building a nest egg may be cheaper than you think. That's because many employers match worker contributions at a generous rate — usually between 50 ...


MarketWatch

The Simple Secret to Building Wealth
Wall Street Journal
If you lose your job, want to change to a less-lucrative career or get hit with unexpected expenses, you know you can get by on relatively little. It's OK to stray. In the 1990s, I advocated building stock portfolios using index funds that looked like ...
3 wealth-building secrets that the rich already knowMarketWatch

all 3 news articles »

Dosen: The magical 15-year wealth building home loan
Daily Local News
The traditional fixed-rate 30-year mortgage is what most people first think of when they consider how they are going to finance the purchase of their home. It's the most common form of financing, probably because it often makes your guaranteed payment ...

and more »

Bangkok Post

Saddled with weak economy, Thailand lags Asian rivals in wealth building
Bangkok Post
The kingdom's high-net-worth individuals, defined as those with investable assets of at least $1 million, increased their wealth 11.2% from a year earlier to $396 billion, according to a report released today by Royal Bank of Canada and Cap Gemini SA.

and more »

Wall Street Journal

Creating More Homeowners Without Building a Crisis
Wall Street Journal
A better option is what we call the Wealth Building Home Loan—a 15-year, fully amortizing, fixed-rate loan that will build equity much faster than a 30-year mortgage. The WBHL concept was unveiled in early September by Mr. Pinto and his colleague at ...
HOUSING SCENE: New loan builds wealth quicklyThe Macomb Daily

all 3 news articles »

Building wealth in property: Use your head, not your heart
BizNews
Residential property has many advantages over other investments – not least of all that it gives ordinary people the opportunity to acquire an expensive asset by using a bank's money. If you aren't planning on living in the property, you can get ...


Loan gives low-income borrowers a chance to build equity fast
Los Angeles Times
Two major banks have agreed to originate a new 15-year mortgage under pilot programs aimed at low- and moderate-income borrowers. In addition, the creators of the so-called Wealth Building Home Loan, which allows home buyers to build equity at a ...

and more »

6 Steps to Building More Wealth
NASDAQ
A decade into retirement, Eileen Kemp is proof that even people with modest means can build sufficient wealth to sustain a satisfying lifestyle. A former elementary school librarian, Kemp started educating herself about investing when she was in her ...

and more »

Entrepreneur

21 Ways to Achieve Wealth and Success
Entrepreneur
Good habits are the foundation of wealth building. The difference between successful and unsuccessful people lies in their daily habits. Simply put, successful people have many good habits and few bad ones. If you understand that your bad habits may be ...

and more »

Twenty-one ways to achieve wealth and success
The Globe and Mail
Good habits are the foundation of wealth building. The difference between successful and unsuccessful people lies in their daily habits. Simply put, successful people have many good habits and few bad ones. If you understand that your bad habits may be ...

and more »
Google News

The Top 10 Steps to Extraordinary Personal Wealth

I recently came across startling figures about the average American's... Read More

Don?t Work for Your Money, Make it Work for You!

Well, the New Year is around the corner and so... Read More

Who Else Wants To Know Oprahs Secrets To Wealth & Success?

Before I had a lot of money, I was really... Read More

Five Straight Steps to Opening an Offshore Bank Account

Despite what you may have read or heard, anyone is... Read More

Principles to Ensure a Fantastic Financial Finish

Most people want to get to the end of their... Read More

The Parthenon Principle

Have you seen a picture of the Parthenon in Athens,... Read More

Who Wants To Be A Millionaire?

Steve Martin once delivered an opening monologue for Saturday Night... Read More

Wealth Management, Wealth Protection, and Tax Planning

U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More

Top 7 Lucrative Paper Businesses You Can Run

Why not run a lucrative paper business? Paper businesses do... Read More

Build Wealth - Formula To Success

A mole travels one road, according to the way nature... Read More

How to Grow Your Very Own Money Tree

Okay. So money doesn't really grow on trees. Unless you... Read More

How to Save Money and Take the Vacation You Always Wanted

Many people don't realize how much money they spend on... Read More

Does Money Grow On Trees?

"Money Doesn't Grow On Trees."Some of us even believe it.... Read More

You?re Eating Your Retirement Money

Ever think about how eating all those fast food meals... Read More

Pay Yourself First - If the Only Thing You Did Was This, Youd be Rich

Bottom line. No exaggeration. No hype. If you want to... Read More

Your Wealth Cycle Foundation

The four main steps in building a wealth cycle foundation... Read More

The Mathematical Formula For Making Money

No matter what markets you serve; what products you sell;... Read More

Retirement Planning the Offshore Way

Retirement Planning the Offshore Way Why do so many of... Read More

The 9 Critical Steps To Success In Demolishing Your Money Worries For Good!

Articles on 'How to make money' come a dime-a-dozen. How... Read More

Money Myths Of The Poor

From tender age, we were exposed to myths about money... Read More

5 Simple Steps for Serious Saving and Financial Growth

1) Pay off your loan, credit and store card debt... Read More

WARNING: The Biggest Lie About Social Security

Like I said, If you are poor and on social... Read More

Financial Freedom for Every Employee

You may think you have to be an entrepreneur to... Read More

Re-discovering the Fundamentals of Financial Planning

To lose weight in the 80's, we went on low-calorie... Read More

Building Wealth: Its An Inside Job ? Part 2

Let's quickly review the principles discussed in the first part... Read More