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Digg it UP - An Introduction to Asset Protection
The Thick Line Between Buddy and Boss
Q: One of my key employees is giving me trouble. He has started showing up late for work and has developed a bad attitude in general. The rest of my employees are complaining since they are having to take up his slack. I've tried talking to him, but he doesn't seem to listen. To make matters worse, he has become one of my best friends since I hired him five years ago, so firing him is out of the question. What can I do? -- Allen B.A: One reason I am so qualified to dispense sage business advice every week, Allen, is that I have made just about every business blunder you can imagine. I am like the Evel Knievel of the small business world, if Evel Knievel wrote a weekly column on motorcycle safety.One of the more unpleasant things I've had to do is fire a good friend who was not doing the job I hired him to do. He needed a job, I needed an employee, so I thought I would give him a shot. It turned out to be a match made in business hell. He took advantage of our friendship by showing up late for work, spending time goofing off instead of working, and making a joke out of my complaints about his behavior. Because of our friendship I defended his actions to my other employees, but after a few weeks I knew I had to show him the door. We're still friends, but certainly not like we were before.
ferring assets to a retirement account, to more complex arrangements such as offshore trusts.Q: One of my key employees is giving me trouble. He has started showing up late for work and has developed a bad attitude in general. The rest of my employees are complaining since they are having to take up his slack. I've tried talking to him, but he doesn't seem to listen. To make matters worse, he has become one of my best friends since I hired him five years ago, so firing him is out of the question. What can I do? -- Allen B.A: One reason I am so qualified to dispense sage business advice every week, Allen, is that I have made just about every business blunder you can imagine. I am like the Evel Knievel of the small business world, if Evel Knievel wrote a weekly column on motorcycle safety.One of the more unpleasant things I've had to do is fire a good friend who was not doing the job I hired him to do. He needed a job, I needed an employee, so I thought I would give him a shot. It turned out to be a match made in business hell. He took advantage of our friendship by showing up late for work, spending time goofing off instead of working, and making a joke out of my complaints about his behavior. Because of our friendship I defended his actions to my other employees, but after a few weeks I knew I had to show him the door. We're still friends, but certainly not like we were before.
In 1997, a civil judgment entered against celebrity O.J. Simpson in the amount of roughly $33,50
Buying Used Construction Equipment – Bring Your Safety Eyewear
Any business involved in the construction industry large or small at times need heavy equipment, from bulldozers, bobcats, front-end loaders to dump trucks, somewhere along the line the idea pops up about buying equipment instead of hiring out contractors. After looking at the pricing of new and the current budget, finding quality used equipment may be the answer.Finding the used, second-hand or surplus construction equipment for sale is not difficult, but taking the time to make sure you are buying a reliable piece of equipment is important. The process is much like buying a used car, put on your safety eyewear and give the equipment a thorough review before signing on the dotted line or you could find yourself hanging a for sale sign on the rig.In today’s world of business buying and selling, some companies may only show the equipment on their books for a short time. When a company buys another out they may sell off excess construction equipment or liquidate the older machinery. Some businesses may be going out of business and get rid of their equipment through an auction. If you keep on the look out for equipment that is in good shape and functional without lots of extras, good deals can be found. Look for heavy equipment sales and auctions in your area for some great buys.Checking
Asset protection refers to a set of legal techniques that protect a person's property from creditors and judgments. While there have always been protective measures available to persons to protect their assets, there has never been as great an interest in asset protection until recent years. The litigation explosion of the latter part of the last century prompted overwhelming interest in this area. The statistics are overwhelming: Nearly every American business and every American individual will be sued at some point in their life. An even greater number will be threatened with lawsuits. Despite these dismal statistics, only a slim percentage of Americans bother with any asset protection considerations at all. Asset protection planning ranges from simple devices such as transferring assets to a retirement account, to more complex arrangements such as offshore trusts.Any business involved in the construction industry large or small at times need heavy equipment, from bulldozers, bobcats, front-end loaders to dump trucks, somewhere along the line the idea pops up about buying equipment instead of hiring out contractors. After looking at the pricing of new and the current budget, finding quality used equipment may be the answer.Finding the used, second-hand or surplus construction equipment for sale is not difficult, but taking the time to make sure you are buying a reliable piece of equipment is important. The process is much like buying a used car, put on your safety eyewear and give the equipment a thorough review before signing on the dotted line or you could find yourself hanging a for sale sign on the rig.In today’s world of business buying and selling, some companies may only show the equipment on their books for a short time. When a company buys another out they may sell off excess construction equipment or liquidate the older machinery. Some businesses may be going out of business and get rid of their equipment through an auction. If you keep on the look out for equipment that is in good shape and functional without lots of extras, good deals can be found. Look for heavy equipment sales and auctions in your area for some great buys.Checking
In 1997, a civil judgment entered against celebrity O.J. Simpson in the amount of roughly $33,500
Follow the Money
“Follow the money” was a famous line in a movie about the Watergate scandal. It turned out to be the easiest was to find the bad guys. Well you can use the same technique to find your spending ‘bad guys.’ Do you really need to do this? To put it nicely, if your income stopped coming in for one month would you be in financial hardship? If yes or you’re not sure then you best keep reading.This detective work requires the regular P.I. equipment, a small note pad and a pen. For the next month write down what you spent and what you spent it on. Record every single penny. No expenditure is too small to record.At the end of the month add the expenditures up. Does it seem normal to spend $100 on coffee or $400 on your cell phone? Ask yourself, “If I had to pay for all my lattes in one lump sum at the beginning of the month would I still purchase them?” Most of us would say “no” or reduce the amount we plan to buy. What else on the list seems a bit of a shock? If you actually do this for a few months in a row you will magically start to reduce your spending, because you will have found where the money goes. Many of the places you will not be too happy about and those will be the first to go. If you spend your money $5 here and $8 there and the weekly $30 lunch out with the guys, it will tend to slip
their assets, there has never been as great an interest in asset protection until recent years. The litigation explosion of the latter part of the last century prompted overwhelming interest in this area. The statistics are overwhelming: Nearly every American business and every American individual will be sued at some point in their life. An even greater number will be threatened with lawsuits. Despite these dismal statistics, only a slim percentage of Americans bother with any asset protection considerations at all. Asset protection planning ranges from simple devices such as transferring assets to a retirement account, to more complex arrangements such as offshore trusts.“Follow the money” was a famous line in a movie about the Watergate scandal. It turned out to be the easiest was to find the bad guys. Well you can use the same technique to find your spending ‘bad guys.’ Do you really need to do this? To put it nicely, if your income stopped coming in for one month would you be in financial hardship? If yes or you’re not sure then you best keep reading.This detective work requires the regular P.I. equipment, a small note pad and a pen. For the next month write down what you spent and what you spent it on. Record every single penny. No expenditure is too small to record.At the end of the month add the expenditures up. Does it seem normal to spend $100 on coffee or $400 on your cell phone? Ask yourself, “If I had to pay for all my lattes in one lump sum at the beginning of the month would I still purchase them?” Most of us would say “no” or reduce the amount we plan to buy. What else on the list seems a bit of a shock? If you actually do this for a few months in a row you will magically start to reduce your spending, because you will have found where the money goes. Many of the places you will not be too happy about and those will be the first to go. If you spend your money $5 here and $8 there and the weekly $30 lunch out with the guys, it will tend to slip
In 1997, a civil judgment entered against celebrity O.J. Simpson in the amount of roughly $33,50
Don't Screw Up Selling Your Structured Settlement - Stay Clear of These Common, Costly Blunders
Selling a structured settlement is a major financial decision and as such, shouldn't be taken lightly. Ideally you would want to hold onto your structured settlement and continue receiving payments as-is since that will give you the most money in the long run. Selling all or part of your structured settlement might cost you some of the the earning you would have received down the road, but if you need to raise some fast cash, this can be a viable option.But before you sell your structured settlement, you should be aware of some of the pitfalls people run into. These are very common mistakes people make when selling a structured settlement but by reading this article and understanding them, you'll be less likely to make the same mistakes.Mistake #1: Not Knowing Your Financial Needs FIRSTThe first mistake most people make is simply not knowing exactly what their financial needs are, why they're selling their structured settlement and how much money they actually need. Often times when we get in a cash crunch it's easy to let emotions and stress run our decisions, but it's extremely important to take inventory of exactly what your financial situation is and why you need to sell your structured settlement.It may turn out that you can get by just fine by selling
is area. The statistics are overwhelming: Nearly every American business and every American individual will be sued at some point in their life. An even greater number will be threatened with lawsuits. Despite these dismal statistics, only a slim percentage of Americans bother with any asset protection considerations at all. Asset protection planning ranges from simple devices such as transferring assets to a retirement account, to more complex arrangements such as offshore trusts.Selling a structured settlement is a major financial decision and as such, shouldn't be taken lightly. Ideally you would want to hold onto your structured settlement and continue receiving payments as-is since that will give you the most money in the long run. Selling all or part of your structured settlement might cost you some of the the earning you would have received down the road, but if you need to raise some fast cash, this can be a viable option.But before you sell your structured settlement, you should be aware of some of the pitfalls people run into. These are very common mistakes people make when selling a structured settlement but by reading this article and understanding them, you'll be less likely to make the same mistakes.Mistake #1: Not Knowing Your Financial Needs FIRSTThe first mistake most people make is simply not knowing exactly what their financial needs are, why they're selling their structured settlement and how much money they actually need. Often times when we get in a cash crunch it's easy to let emotions and stress run our decisions, but it's extremely important to take inventory of exactly what your financial situation is and why you need to sell your structured settlement.It may turn out that you can get by just fine by selling
In 1997, a civil judgment entered against celebrity O.J. Simpson in the amount of roughly $33,50
What it Takes to be a Rainmaker
Freelance copywriter, writing web content, copywriting tipsA rainmaker is someone who attracts new clients to a service business or professional practice. In order to become a successful rainmaker, you must first learn how to become a recognized expert in your field.Does this sound daunting? Well it shouldn’t, there are two steps to this process: 1) constantly be learning more about your profession or industry, and 2) share that knowledge with others.The first thing to get rid of is that nagging sense of inferiority that plagues us all. You may be a new lawyer fresh out of law school, or you may have just opened your doors to your air conditioning repair business, but you can begin sharing what you know right now.The problem is we all compare ourselves with the person who has thirty years experience and know how that just oozes out of every pore of his body. There will always be someone in your profession who is smarter and more experienced than you are. Even that guy who so intimidates you, is in turn intimidated by someone else.So let’s come up with a definition of an expert. Experts are not the smartest, most experienced people in their profession. The are those who share what knowledge they have with others, and as a result build a reputation based upon
uits. Despite these dismal statistics, only a slim percentage of Americans bother with any asset protection considerations at all. Asset protection planning ranges from simple devices such as transferring assets to a retirement account, to more complex arrangements such as offshore trusts.Freelance copywriter, writing web content, copywriting tipsA rainmaker is someone who attracts new clients to a service business or professional practice. In order to become a successful rainmaker, you must first learn how to become a recognized expert in your field.Does this sound daunting? Well it shouldn’t, there are two steps to this process: 1) constantly be learning more about your profession or industry, and 2) share that knowledge with others.The first thing to get rid of is that nagging sense of inferiority that plagues us all. You may be a new lawyer fresh out of law school, or you may have just opened your doors to your air conditioning repair business, but you can begin sharing what you know right now.The problem is we all compare ourselves with the person who has thirty years experience and know how that just oozes out of every pore of his body. There will always be someone in your profession who is smarter and more experienced than you are. Even that guy who so intimidates you, is in turn intimidated by someone else.So let’s come up with a definition of an expert. Experts are not the smartest, most experienced people in their profession. The are those who share what knowledge they have with others, and as a result build a reputation based upon
In 1997, a civil judgment entered against celebrity O.J. Simpson in the amount of roughly $33,50
Buying Into The Australian-Two-up System - Is It Worth It?
Are Australian-two-up systems worth the sometimes high costs involved to join?Australian-two-up systems are springing up more and more on the Internet these days. The reason, in part, is due to the fact that this type of home based business can be conducted very effectively using recently developed online marketing tools such as flash videos, embedded audios, videoconferencing, etc.But here's the rub, they can cost anywhere from $200 to $7,500 to join.Are they worth it?Well, they can be, if you really treat them as a business.As a potential business owner you should only be concentrating on one thing, and although a price tag is important, that isn't it. The guiding principle when looking to start or join a business, whether it is an offline conventional business, or an online Australian-two-up system, is return on investment, commonly known as ROI.Return on investment simply means: is it going to pay you back more than you put into it, including all of your marketing expenses.That's what you should look at. Is it going to make you a profit? If you're going to make back the original investment quickly, and begin making a profit over and above advertising expenses, the initial cost is irrelevant.This is where you'll need to do some research.
ferring assets to a retirement account, to more complex arrangements such as offshore trusts.Are Australian-two-up systems worth the sometimes high costs involved to join?Australian-two-up systems are springing up more and more on the Internet these days. The reason, in part, is due to the fact that this type of home based business can be conducted very effectively using recently developed online marketing tools such as flash videos, embedded audios, videoconferencing, etc.But here's the rub, they can cost anywhere from $200 to $7,500 to join.Are they worth it?Well, they can be, if you really treat them as a business.As a potential business owner you should only be concentrating on one thing, and although a price tag is important, that isn't it. The guiding principle when looking to start or join a business, whether it is an offline conventional business, or an online Australian-two-up system, is return on investment, commonly known as ROI.Return on investment simply means: is it going to pay you back more than you put into it, including all of your marketing expenses.That's what you should look at. Is it going to make you a profit? If you're going to make back the original investment quickly, and begin making a profit over and above advertising expenses, the initial cost is irrelevant.This is where you'll need to do some research.
In 1997, a civil judgment entered against celebrity O.J. Simpson in the amount of roughly $33,500,000 in a civil case brought by the family of his former wife and the family of Ron Goldman following their alleged murders by Mr. Simpson. One might think Mr. Simpson's property would have to be relinquished to satisfy this enormous judgment. Yet Mr. Simpson lives in a lavish Florida mansion, and enjoys a steady pension. Sure, some assets have been seized, but the bulk of Mr. Simpson's property remains out of reach of his creditors. In fact, Mr. Simpson has never declared bankruptcy or taken other action to extinguish the liability.
How is this possible? The answer is that Mr. Simpson arranged his financial affairs in a completely legal manner that left his assets out of the reach of creditors. Florida, his new home state, just so happens to be one of the most advantag
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