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Digg it UP - 40% Tax-Free Pay Raise
In terms of life-changing technologies, there are many that believe the Internet must surely share the same status as the telephone, the television, the automobile and even the aeroplane; there are others who insist it merits a much higher rating. Certainly the last one hundred years has seen giant leaps and advances in all these innovations, but it is perhaps the Internet itself that has fired the public imagination more than most.In the very early days of the Internet, most people had never heard of a website, didn’t know the meaning of the word cyberspace and hadn’t a clue what a ‘dot com’ was. Starting w
Become “Un-vulnerable”
I use to know a homeless fellow by the name of Pete. Pete use to be well off but fell onto bad times. Today, however, he is considered local color because of his spectacular wardrobe- straight out of Daniel Boone, Jedediah Smith, or Snowshoe Thompson. Pete is so colorful, tourists have their picture taken with him.
But Pete lives on the street. Yet, he is less vulnerable than most of us. Why? His income versus output is more positive than for most of us. He doesn't owe anything to anybody. No one can take anything from him. He is completely independent. He is financially “un-vulnerable"
You can be "un-vulnerable" also an
How close do you check your bills each month? Do you know which items on each invoice are supposed to be there every month? If you do not pay close attention to your bills you could find that there are many extra charges added on, monies that you shouldn’t be paying. Think that all of this really doesn’t matter? Think again, as a dollar here and a dollar there can add up and really bust your budget. Please keep reading and we’ll take a look at some common budget busting add-ons.You expect that your phone bill will cost a certain amount each month, but should it? No, you can’t escape state and federal taxes an
The following information is based upon figures gathered in the late 90's from U.S. Census Bureau, National Association of Realtors, Chicago Title and Trust, Bankcard Holders of America, and Ram Research. Though the figures will vary today, the net affect is the same since income has risen proportionately but debt load remains the same.
1. The average household income = $3935 monthly or $47221 annual. 2. The monthly mortgage average (without tax and insurance) = $662 3. Average car, credit cards, and loans = $568 4. Therefore, the average total debt = $1230 5. Debt Load Average (% total debt to income = $1230 divided by $3935) = 31.3%
Therefore the average family's present lifestyle could be maintained with 31.3% (or $1232) less per month without debt. Another way of looking at the same information is that if the average family were debt free, their current annual income ($47,221) would be comparable to a family income of $71,428 annually with a 31.3% debt load.
But I said in the beginning "40%", didn't I? What was I thinking of? How could I have made such an error? It's only a 31.3% pay hike. By the way, since you gain this increase by paying off debt, is this taxable? I don't think so! Therefore, we need to compensate for a post-tax versus pre-tax pay raise.
You can conservatively add at least a 10% tax relief since this is a post-tax raise in pay. Our pay raise goal now easily exceeds 40%. Give yourself a real pay raise... Get out of debt! (To learn more about getting out of debt, check out the article Debt Destroyed By Magic Bullet)
What's Wrong With a Traditional Pay Raise?
What's wrong with tax cuts and a pay raise? Not a thing as long as it leads to increased wealth. Unfortunately, it rarely does. It usually just leads to increased income. So, what's the difference?
Realizing that I am swimming upstream while most others are swimming down, I cannot help but be disillusioned. When was the last time a national pay hike or tax cut kept pace with the overall inflation and shrinking dollar? How come with all this extra money we keep coming up with, we are no better off then we were? Throughout my military career, I was always amazed that about 2-3 months prior to a federal pay raise, local prices near military bases went up. By the time the money actually arrived, inflation had already destroyed the increase. To make matters worse, not only do prices increase just before a pay raise, but we usually turn around and commit the raise to some new monthly payment purchase. "Oh yeah, now I can afford that new High Definition everyone is talking about." When will we learn that more money does not necessarily increase wealth?
Become “Un-vulnerable”
I use to know a homeless fellow by the name of Pete. Pete use to be well off but fell onto bad times. Today, however, he is considered local color because of his spectacular wardrobe- straight out of Daniel Boone, Jedediah Smith, or Snowshoe Thompson. Pete is so colorful, tourists have their picture taken with him.
But Pete lives on the street. Yet, he is less vulnerable than most of us. Why? His income versus output is more positive than for most of us. He doesn't owe anything to anybody. No one can take anything from him. He is completely independent. He is financially “un-vulnerable"
You can be "un-vulnerable" also and
Understanding SEO.Most of the people who post here know what is, but as I learn more and more about it, I felt I needed to share my experience with beginners so they have an action plan to move forward.SEO stands for search engine optimization...what the hell is that? This is how the search engines like yahoo, google, msn, index your site and rank it. To illustrate this, just do a search on google and see the results that come out on the left hand side of the page. That is called the natural search, not to get it mixed the sponsored links (pay per view).Now, how does a website get the number 1 s
Therefore the average family's present lifestyle could be maintained with 31.3% (or $1232) less per month without debt. Another way of looking at the same information is that if the average family were debt free, their current annual income ($47,221) would be comparable to a family income of $71,428 annually with a 31.3% debt load.
But I said in the beginning "40%", didn't I? What was I thinking of? How could I have made such an error? It's only a 31.3% pay hike. By the way, since you gain this increase by paying off debt, is this taxable? I don't think so! Therefore, we need to compensate for a post-tax versus pre-tax pay raise.
You can conservatively add at least a 10% tax relief since this is a post-tax raise in pay. Our pay raise goal now easily exceeds 40%. Give yourself a real pay raise... Get out of debt! (To learn more about getting out of debt, check out the article Debt Destroyed By Magic Bullet)
What's Wrong With a Traditional Pay Raise?
What's wrong with tax cuts and a pay raise? Not a thing as long as it leads to increased wealth. Unfortunately, it rarely does. It usually just leads to increased income. So, what's the difference?
Realizing that I am swimming upstream while most others are swimming down, I cannot help but be disillusioned. When was the last time a national pay hike or tax cut kept pace with the overall inflation and shrinking dollar? How come with all this extra money we keep coming up with, we are no better off then we were? Throughout my military career, I was always amazed that about 2-3 months prior to a federal pay raise, local prices near military bases went up. By the time the money actually arrived, inflation had already destroyed the increase. To make matters worse, not only do prices increase just before a pay raise, but we usually turn around and commit the raise to some new monthly payment purchase. "Oh yeah, now I can afford that new High Definition everyone is talking about." When will we learn that more money does not necessarily increase wealth?
Become “Un-vulnerable”
I use to know a homeless fellow by the name of Pete. Pete use to be well off but fell onto bad times. Today, however, he is considered local color because of his spectacular wardrobe- straight out of Daniel Boone, Jedediah Smith, or Snowshoe Thompson. Pete is so colorful, tourists have their picture taken with him.
But Pete lives on the street. Yet, he is less vulnerable than most of us. Why? His income versus output is more positive than for most of us. He doesn't owe anything to anybody. No one can take anything from him. He is completely independent. He is financially “un-vulnerable"
You can be "un-vulnerable" also an
One of the ways to create a steady supply of income in selected situations is to enter into a structured settlement reverse mortgage. This is primarily an option for persons who own property that is paid off. However, if someone owns a home that has accrued a large amount of equity, there are those who will be happy to extend this type of arrangement to the homeowner. But the question remains, is this a good idea and who would benefit from this sort of arrangement?One sector of the population that could benefit from a reverse mortgage structured settlement would be persons of retirement age that also happen t
You can conservatively add at least a 10% tax relief since this is a post-tax raise in pay. Our pay raise goal now easily exceeds 40%. Give yourself a real pay raise... Get out of debt! (To learn more about getting out of debt, check out the article Debt Destroyed By Magic Bullet)
What's Wrong With a Traditional Pay Raise?
What's wrong with tax cuts and a pay raise? Not a thing as long as it leads to increased wealth. Unfortunately, it rarely does. It usually just leads to increased income. So, what's the difference?
Realizing that I am swimming upstream while most others are swimming down, I cannot help but be disillusioned. When was the last time a national pay hike or tax cut kept pace with the overall inflation and shrinking dollar? How come with all this extra money we keep coming up with, we are no better off then we were? Throughout my military career, I was always amazed that about 2-3 months prior to a federal pay raise, local prices near military bases went up. By the time the money actually arrived, inflation had already destroyed the increase. To make matters worse, not only do prices increase just before a pay raise, but we usually turn around and commit the raise to some new monthly payment purchase. "Oh yeah, now I can afford that new High Definition everyone is talking about." When will we learn that more money does not necessarily increase wealth?
Become “Un-vulnerable”
I use to know a homeless fellow by the name of Pete. Pete use to be well off but fell onto bad times. Today, however, he is considered local color because of his spectacular wardrobe- straight out of Daniel Boone, Jedediah Smith, or Snowshoe Thompson. Pete is so colorful, tourists have their picture taken with him.
But Pete lives on the street. Yet, he is less vulnerable than most of us. Why? His income versus output is more positive than for most of us. He doesn't owe anything to anybody. No one can take anything from him. He is completely independent. He is financially “un-vulnerable"
You can be "un-vulnerable" also an
There are not many of us who do not have a credit card these days. But, not all of us are as wise in the area of understanding how they work and how they make money. There are many types available to the young and old. Student credit cards even begin to get teenagers into the world of credit cards. Secured credit cards, cards that usually can't be written off, are even misleading in their name. So, what does that discover credit card in your wallet actually do for you?Even young adults are being lured into the world of credit cards. Student credit cards are widely available. Some link the parent to the card,
Become “Un-vulnerable”
I use to know a homeless fellow by the name of Pete. Pete use to be well off but fell onto bad times. Today, however, he is considered local color because of his spectacular wardrobe- straight out of Daniel Boone, Jedediah Smith, or Snowshoe Thompson. Pete is so colorful, tourists have their picture taken with him.
But Pete lives on the street. Yet, he is less vulnerable than most of us. Why? His income versus output is more positive than for most of us. He doesn't owe anything to anybody. No one can take anything from him. He is completely independent. He is financially “un-vulnerable"
You can be "un-vulnerable" also an
You should be able to find several indispensable facts about adsense in the following paragraphs. If there's at least one fact you didn't know before, imagine the difference it might make.Adsense is really making a huge impact on the affiliate marketing industry nowadays. Because of this, weak affiliate merchants have the tendency to die faster than ever and ad networks will be going to lose their customers quickly. If you are in a losing rather than winning in the affiliate program you are currently into, maybe it is about time to consider going into the Adsense marketing and start earning some real cash.will we learn that more money does not necessarily increase wealth?
Become “Un-vulnerable”
I use to know a homeless fellow by the name of Pete. Pete use to be well off but fell onto bad times. Today, however, he is considered local color because of his spectacular wardrobe- straight out of Daniel Boone, Jedediah Smith, or Snowshoe Thompson. Pete is so colorful, tourists have their picture taken with him.
But Pete lives on the street. Yet, he is less vulnerable than most of us. Why? His income versus output is more positive than for most of us. He doesn't owe anything to anybody. No one can take anything from him. He is completely independent. He is financially “un-vulnerable"
You can be "un-vulnerable" also and you don't have to become homeless. You simply need to give yourself a real pay raise... Get out of debt
Wealth Has Nothing To Do With How Much You Earn
It’s been said that the best way to help out the poor, is not to become one. I can relate to that! So, I am not suggesting that we all become miniature Pete's as suggested above. But we can learn a lot from him as well as an even more authoritative source- the bible. "...And the borrower is the lender's slave." (Proverbs 22:7) When you owe someone, they own you.
Now here is the point. Wealth has nothing to do with how much money you earn. Wealth is rather that sense of being financially independent, financially un-vulnerable. And unless you are completely out of debt, you are a slave to whomever you owe money. On the other hand, if you are debt free including your home, who can touch you? You then have the option of investing the money you use to waste paying bills. You can buy items cash and get the leverage cash can bring to the bargaining table and still remain out of debt. You even have the option of reducing the need to bring in a paycheck by living on less with a simpler life or a life more to your choosing.
Give yourself a real pay raise. Get out of debt.
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