What do you want in life? Wealthy, Healthy
...
Successfully in life is not all
about financial wealthy, spend your life in your
own way. Take time for your life,
life is not about work and money, live your life now and enjoy what
you have instead of chasing what you don't yet have. Live a good and honorable life, when you get older and think back,
you will be able to enjoy it a second time.
Remember to jjudge your success by what you had give
up in order to get it. 1 Financial Freedom.com help your to get
yourself mentally ready toward your financial freedom.
There are two things to aim for in life, get
what you and enjoy it.
By living your life one day at a time, you live
ALL the days of your life.
To
get where you're going, you've got to know where you're
going. That's what setting goals will do for you.
Start with
writing down your dreams and goals and
prioritized your goals
so that
we'll be sure we can achieve them.
What dream do you have? write it down to stimulates a part of the
brain called the reticular activating system. Let 1
Financial Freedom.com lead you toward the first step of financial
freedom.
Financial
Planning teach you all about money: how to make it, save
it, invest it, protect it, keep it, and pass it along to
the next generation.
Why
Financial Planning? and
why
Life planning is important for you? Almost
every decision we make cost money, not having enough
money is a scary thing because money plays a big part in
our live.
There are
four stages of financial planning, learn how to
managing wealth, protecting wealth, accumulating wealth
and distributing wealth through financial planning and
don't let's any excuses to prevent you to have a
financial plan.
Accessing your financial situation by start with
preparing cash flow statement and
analyze your Cash Flow to know where is your
sources of income and where you spending your money.
Evaluating your Net
worth will let you know what is your assets and your
liabilities. Set aside a
reserve cash or emergency fund in case there is an
emergency or unforeseen things happen in your life. Let 1
Financial Freedom.com show you the process of
financial planning toward the financial freedom.
Social Security will always play a role in retirement and
benefits planning. For some it may be a major source of retirement
income or supplement your own retirement
savings.
As
a Taxes you need to
understanding what is social security and the
current
challenges of social security. 1 Financial Freedom.com
start with an introduction
to
Social Security Benefits to give you some idea on what
is retirement benefits available from social security,
Disability
Benefits,
Household Workers Benefits. There are two part of medicare
provide by social security which
hospital insurance or Medicare Part A and
medical insurance sometime referred to as Part B.
Over $3
billion outstandingly in credit card debt and are paying
an average of 18 percent on that debt.
Managing Your Money
start with learn how to identify a good debt versus bad debt.
What is bad debt? Bad debt take money out from your pocket, in
other words, bad debt provide negative cash flow.
Beware of Drowning in Credit Card Debt and Learn how to
managing credit card debt and
get yourself out of credit card debt to avoid end up in
bankruptcy provided by 1 Financial Freedom.com in this session.
Saving requires you to change your habits
and perhaps those of your family.
Pay
yourself first!
Don't loaf all you
want and and spend all you have.
Many millionaires
have been created by spending less than what
they
earn and invest the rest. Any time you
have a dollar, you have a choice to spend it
or save it. 1 Financial Freedom.com teach
you how to save and pay yourself first.
You are not alone if you're an over spender
or deep in debt, US national deficit
indicate clearly that we are a nation of
over spenders.
Develop
a
spending plan to spend whatever is left
over after the essentials in your life are
taken care of. Those essentials must include
a saving plan and don't forget to
budget some money for fun things and to
occasionally reward yourself for sticking to
your budget. 1 Financial Freedom present you
all the topics in this session.
Nothing is certain but death and taxes. The
more you make, the more you pay in taxes.
So,
pay only what's due to Uncle Sam, No More.
Tax
planning is essential.
1 Financial Freedom.com teach you about taxes and what tax bracket
you are in
to help you achieve your
financial goals. There are various types of
Tax Credits namely Child Tax Credit,
Dependent and Childcare Credit,
Adoption Credit, Earned Income Credit,
Education Credit (Hope Scholarship credit
and the Lifetime Learning credit). Tax
credits are actually worth more to you that
a
tax deduction because deduction is just
subtract from your gross income. A tax
credit reduces the amount of taxes you owe,
dollar for dollar. The
capital gains tax
is designed to get you
when you have made a profit on an asset that
you have held for at least one year and that
has appreciated since you bought it. There
were
major capital gains tax law changes
in
1997. In a
tax-deferred investment, you can put off
paying the taxes to some time in the
future...
Insurance is a financial product that we need to protect our assets
and our dependents if we are not around to provide for them.
Learn
the
four methods of manage risk
from 1 Financial Freedom.com, namely Avoid Risk, Control Risk, Transfer
Risk, or Retain Risk. The most common way of protecting your wealth
is
buy insurance to transfer the risk to insurance company.
Life insurance is an awkward subject to discuss because it also
means discussing death. Knowing what
type of insurance
you need to protected yourself properly
because there are many types of insurance such as
Term Insurance,
Cash Value
Insurance,
Homeowner's Insurance - Part 1,
Homeowner's Insurance - Part 2,
Disability Insurance - Part 1,
Disability Insurance - Part 2,
Long Term
Care Insurance,
Property
and Casualty Insurance,
Health Insurance,
Three
Type of Health Insurance,
Auto Insurance,
Umbrella Liability Insurance
etc...
Investing will help you reach your
financial goals successfully. Achieving Your Goals Trough Investing.
There
are only two kinds of investments available for you:
debt or equity. Everything else is derivative of
these two. 1 Financial Freedom.com will show you how to accumulating your wealth
through
investing your saving, and start understanding
what is stocks?
what is bond? and
what is mutual fund? Every investment you make has some
type of risk involved. For
accepting risk, you expect to be rewarded in
some way. Keep your
risk tolerance at your sleeping level by
apply
risk management methodology and diversify
your investment. Understanding
Stocks Market Index, DJIA, NASDAQ,
Inflation
and Interest Rate ...
Estate planning is essential to completing
your financial plan. Estate planning
protects your assets and allows you to
decide how those assets should be
distributed upon your death.
Why Estate
Planning? We're
all going to die, we just don't know when.
If we did know, we could plan very well.
Being prepared helps those we leave behind.
You need to
Understanding Estate Planning and Estate Taxes,
What is a will?
What is Probate and Executrix?
Letter of
Instruction,
Power of
Attorney, Healthcare
Directives,
Will,
Gifting, Gifting Taxes.
Trust are legal
arrangements in which a grantor transfers
assets to a trustee, who holds and manages
them for the benefit of the named
beneficiary. Understand from 1 Financial
Freedom.com what is
Credit
Shelter Trust and Qualified Terminable Interest Property Trust Q-TIP,
Revocable Living Trust and Insurance Trust before you start
Establishing
a Trust.
Social Security will always have a role in
retirement and benefits planning.
Social
Security is some things you need to know
because it normally turns out to be the
major source of your retirement income or
supplement your own retirement savings.
Envision your ideal retirement and
start to plan for your retirement. When
preparing for your ideal retirement, ask
yourself the questions when are you going to
retire? when does your spouse want to
retire,
where are you going to retire? and what are
you going to do when you retire. Knowing
the
obstacles to your ideal retirement or
what can derail your retirement planning
gives you the ability to plan better such as
Changing jobs frequently, Single or newly
married,
Long term disability, Death of or Divorce,
Children and Grandchildren. 1 Financial
Freedom shows you how to Plan now and
play later which will help you to
achieve your ideal retirement plan
early.
There
are eight type of Individual Retirement Accounts IRAs, all
have a family resemblance but also all are
unique in their own way.
You need a
retirement plan to make your money
last as long as you do; Your employer may
offer the best retirement tools available to
you such as
401K Retirement Plan,
403b Retirement
Plan, 457 Retirement
Plan. Read also the
401K
Regulations and Rules. There
are two methods you can use to determine
what your
minimum distributions will be, term certain
method and recalculation method.
Individual Retirement Accounts IRAs
are a personal retirement savings tool
available to everyone who has earned income.
There are many difference type of IRAs
available such as
Savings Incentive Match Plan for Employees - SIMPLE-IRAs,
SEP-IRAs and Keogh
Plan,
Spousal IRAs and Nondeductible IRAs,
Traditional IRAs and Rollover IRAs,
Roth IRAs
Retirement Plan. So,
Let 1 Financial Freedom.com help you t start
Saving for Your Retirement now.
What's New
Life Insurance
and Term Life Insurance
Whole Life and Variable Life Insurance
|
Universal Life Insurance
|
Welcome to "Want" Financial Freedom.com