Homeless 4 Years Ago, He’s a Millionaire Today: Financial Friday with George M. Howard, Jr.

Homeless 4 Years Ago, He’s a Millionaire Today: Financial Friday with George M. Howard, Jr.

George M. Howard Jr. went from being homeless four years ago to being a millionaire. And his journey started the day he purchased a house for literally $300 – freaking amazing! Here’s my interview with him – it’ll blow your mind. George is at myffu.com

Check out my free training for empath entrepreneurs here. 

Change Your Life: ItWorks! CEO Mark Pentecost on ‘Re-Dreaming’

Change Your Life: ItWorks! CEO Mark Pentecost on ‘Re-Dreaming’

Watch as It Works! CEO Mark Pentecost ends FREEDOM 2014 with a BOOM and inspires you to make your resolution a reality in 2014!

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Are you ready to re-dream again? Hear firsthand how the It Works! Opportunity is helping people just like you to reimagine their goals and re-dream their lives!

Carrying credit card debt, student loan debt—any kind of debt? Get out of debt with the It Works! Opportunity, and start living the life you deserve, one filled with friendships, fun, and FREEDOM!

Fix Your Finances: 10 Easy Ways to Save Money

Fix Your Finances: 10 Easy Ways to Save Money

facebook-graphic-5“Money won’t create success, the freedom to make it will.” ~Nelson Mandela

Money, according to a classical definition, is what money does. And truth, as they say, is like a rubber band. Stretch it and it can do wonders. So if we can really make money in order to do whatever we want, there is nothing like that.

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Using our blissfully easy ways to save money tips is almost like a first-aid approach to a very intricate problem perhaps faced by almost each of us. It is important to know how to manage money efficiently to ensure bulky savings. Whether to save some part of what we have to spend or whether to spend at all on a service or commodity should be the first question to be answered.

  1. itworks grow my business distributors neededIn the case of large investments, the first step for a prospective buyer is to identify and correlate the valuable item or service with need or desire. It is better to test its utility first, for example, by borrowing it for a fixed time period. If you are satisfied and convinced about its necessity and think that you really need that, you may buy it. But to save money, you as a wise consumer must find the best seller in terms of comparative pricing, quality & market reputation.
  2. For lower priced items, one has to shop for the lowest prices, also keeping an eye on the quality aspect. For example, if you take the instance of buying clothes, the best purchase is off-season discount sale, wherein you can get good clothes at cheap rates.
  3.  For financial investments, like the stock market, follow the golden rule of buying volatile stocks when the price of an item is down & sell it when it is at a high. The profit thus earned can be invested in the equity market for steady items.
  4.  Today’s Internet has provided the best opportunities to shop vigorously for the best price before you actually drop the money. Especially for insurance, loan facilities and financial management, one is spoilt for choices. Proper analysis of rates and amortization goes a long way in saving even hundreds of dollars in a year.
  5.  Change of plan in case of services like telephone, insurance, etc. can save you costly dollars provided you simply have the knowledge about the best existing plan.
  6.  Making a monthly budget for buying the essential items and regulating the number of luxury items can yield considerable savings.
  7.  Expensive weekends and extravagant outings should be replaced by reasonable excursion for wholesale entertainment.
  8.  Proper food planning and food habits result in better living, both financially and mentally. Stay healthy and you can save on medical bills. Having a proper food plan also prevents food from being wasted.
  9.  Paying the bills within due dates provides invaluable savings, because, in this case, as you have to pay, it is better to pay in time to avoid penalty.
  10. If you are an employer, you should encourage flexible job responsibilities for your task force, making each one compatible with the work within a department. This will help in cutting down employees cost and help complete a task within time, even if someone is absent.

yitThere are obviously several other ways to save money and lead a frugal life without tension. It is always told that money saved is money earned. Just keep it in mind and stay happy.

Queen of Your Finances: Money Management 101

Queen of Your Finances: Money Management 101

“The art of living easily as to money is to pitch your scale of living one degree below your means.” – Sir Henry Taylor

Managing your money is a big task, and if you’ve been in a toxic relationship with a narcissist, chances are that it might feel pretty overwhelming – especially when you’ve dealt with financial abuse.

What is Financial Abuse? 

Financial abuse is tactic used by a narcissist in which they use money to control and or manipulate you. This might mean the narcissist is restricting you from accessing family money, or it could mean they’re forcing you to provide all of the money by refusing to work.

Some narcissists are extravagant and excessive in their spending, even when they can’t afford it. They’ll ruin your credit without a second thought. Others seem to be overly frugal and might even prevent you from purchasing basic necessities, such as clothing, food, and hygiene products for yourself and your kids. And there are those who deny their family any luxuries and even some necessities, while they might have everything they want and more. In some cases, financial abuse might look like the narcissist spending all of the money they make and requiring you to support the family on your own.

Alternatively, the narcissist might cause you to be unable to work for a number of reasons. Financial abuse might also involve blatant lying about, theft of, and/or hiding of family money, among other forms of manipulation and control.

How do you manage your money after financial abuse?

Whether we like it or not, if you want to get by in this world, managing your money something you have to do. It can be too painful for some narcissistic abuse survivors, so some of us tend to avoid it altogether. But for those of us who want to fully reclaim our lives, the reward far outweighs the trouble and is well worth it.

The good news? Once you get your arms around it, you should only need to spend a few minutes managing your money each week. Even better: it’s as easy as controlling the money you’ve already got.

How to Take Control of Your Finances

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Here’s what you need to make sure that you have control over your financial situation. Here are some valuable budgeting techniques to guide you in your expenses and income.

Pay Your Utilities on Time

The first thing you want to do is make sure that you pay for your utilities on time and in full every month. Don’t wait until it’s too late to pay them.

Rebuilding Credit with Credit Cards

The second thing you need to do consider the number of credit cards you have. Most credit repair agencies suggest that you have a mix of at least six credit accounts. Be careful to avoid excessive interest, and do your best to avoid using credit to pay for things you can’t afford. Ideally, make small purchases that you can quickly pay off. This will raise your credit score pretty quickly. You can also consider starting with a secured credit card if your credit has been ruined.

Consolidation Loans Might Help

The third thing you should do if your bills have gotten the best of you is to consolidate them into a single loan. This will enable you to pay them off over time without getting slammed with high-interest rates.

Just be careful that you’re dealing with a legitimate loan agency if you go this route. Google the company and read consumer reviews. Remember that knowledge is always power, and don’t be afraid to ask questions. Read your loan paperwork carefully before signing. Don’t let desperation cause you to jump before understanding what you’re getting yourself into.

Establish a Working Budget for Yourself

Finally, establish a budget for yourself. This seems difficult and that’s why most people don’t do it. And because people don’t have a budget they find themselves in financial straits.

The easiest way to establish a budget is to take a draw a line down the middle of a piece of paper. On the left, write down your after-tax household income. Be sure to write down the after-tax amount as you want to measure available income only. After all, you don’t get to spend the before-tax amount, right?

In the right column, list an average of each monthly bill. But you should also include your typical spending habits as well, like eating out, or impulse shopping. Don’t forget to include paying off your credit card as part of the bills!

Now that you have a list of income and expenses, see if there’s a way to increase your income, or reduce your expenses. Usually, you’ll find a way to do a little to both.

While it seems so simplistic, so few people do it. And yet, creating a budget and sticking to it often separates successful people from everyone else. What’s stopping you from doing it right now?

What do you think? Share your feelings, ideas, and thoughts in the comments section, below.

Related Resources on Financial Abuse in Toxic Relationships

5 Life Lessons From Warren Buffett

5 Life Lessons From Warren Buffett

Warren Buffett speaking to a group of students...“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” ~Warren Buffett

You might be wondering what super-investor Warren Buffett can teach you about life. You might be thinking that he knows a lot about money, but that has little to do with being an expert on life. You might be surprised.

Warren is famous for his simple lifestyle and love of his work.

Let these lessons in life be a guide for contentment in your own life:

1. Focus on what you love. Warren has a nice, but modest home, and drives a $40,000 car. He could own the most expensive home and cars in the world but he doesn’t. He drinks Coke, buys what he likes, and enjoys a relatively simple life.

* Enjoy your life and the things you have. Avoid being concerned about what everyone else has or about what you could have. It’s more satisfying to own one perfect painting than to own 10 that don’t thrill you. Seek out the things you love and avoid wasting your time on the rest.

2. Quality is more important than quantity. You only need to make a few good decisions to be incredibly successful. Warren Buffett has hundreds of billions of dollars to invest for himself and others, yet he frequently only owns 20 or so stocks. Be picky. Be happy with a smaller quantity.

* Warren has a very famous line that basically states, “Your financial wealth would be much greater if you could only make 20 investments in your lifetime. You would make sure they were great if you had only 20 chances.”

3. Do what you love. Warren has said that the most important part of success and contentment is doing what you love every day. That’s why he’s never stopped investing and making money. If you’re spending your time doing what you love, you continue doing the same thing regardless of how much money you have.

* You might not enjoy the career you have right now. But are you doing anything to change that? Do you have a plan? Imagine how much more content you would be if you enjoyed going into work each day.

4. Mind your own business. You needn’t be concerned with what the competition is doing. Avoid being influenced by everyone else. If you do what everyone else is doing, you’ll simply be average. Avoid comparing yourself to everyone else. Follow your own intuition.

* Most of us are overly concerned with others. We’re worried about how we compare. We’re worried about their opinions of us. They’re probably thinking the same things. Get yourself out of that loop and do your own thing.

5. Stick to your talents. Warren is famous for shunning high-tech investments, even when they were practically a sure thing. He has stated that he simply doesn’t understand them well enough to invest in them. Stay in your areas of strength. You don’t need to do everything. Focus on what you know well.

* We usually enjoy doing the things that showcase our strengths. That’s human nature. It also makes life easier. Work on your weaknesses, but leverage your strengths.

You might be thinking, “Yeah, anyone could be content with $50 billion.” But that’s not true. Studies have shown that happiness and income are only correlated to $75,000. Above that income level, happiness does not increase.

Super wealthy people became wealthy largely because they were content living a particular way. You can be just as content, even if you never amass a mega-fortune.

Aim to increase the amount of contentment in your life. It might not be an issue of money, possessions, or the other things that most people think lead to contentment.

 

5 Life Lessons From Warren Buffett

Fix Your Finances: Ideas for Rebuilding Credit

“Remember that credit is money.” ~Benjamin Franklin

There are several ways that we can rebuild credit when you’ve had tough times. Financial abuse is real for narcissistic abuse victims! No one should judge you. But if you are tired of collectors hounding you, or if you are frustrated that no one will loan you money because you never had credit, it is time to learn how to build your credit. First, and foremost, never purchase items you do not need. If you ‘want’, do not let your wants wear you down and get you deeper in debt. If you are searching to build credit and have no history at all, make sure you have your priorities in order.

Bad Credit? Tips for Building Credit

So, you got yourself in a little trouble. Whatever the reason your credit’s bad, I’m not judging you. We’ve all been there–but we are here to fix this problem, not talk about how terrible it is, so let’s do this.

What are my rights when it comes to credit scores?

Your rights, as they apply to your credit and according to the FTC, are as follows.

  • You’re entitled to a free credit report if a company takes “adverse action” against you, like denying your application for credit, insurance, or employment.
  • You have to ask for your report within 60 days of receiving notice of the action. The notice includes the name, address, and phone number of the consumer reporting company.
  • You’re also entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days; if you’re on welfare; or if your report is inaccurate because of fraud, including identity theft.
  • Each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — is required to provide you with a free copy of your credit report once every 12 months, if you ask for it. To order, visit annualcreditreport.com, or call 1-877-322-8228. You may order reports from each of the three credit reporting companies at the same time, or you can stagger your requests throughout the year.
  • It doesn’t cost anything to dispute mistakes or outdated items on your credit report. Both the credit reporting company and the information provider (the person, company, or organization that provides information about you to a credit reporting company) are responsible for correcting inaccurate or incomplete information in your report.
  • To take advantage of all your rights, contact both the credit reporting company and the information provider.

The Ups and Downs of your Credit Rating

More Tips for Bad Credit Repair After Narcissistic Abuse

  • There are systematic guides at your local library that will teach you, as a debtor, how to write letters to creditors.
  • Don’t be afraid to call a creditor and explain your situation. Even if you have ignored their calls for months, they will work with you in most cases. Communication will make you feel better and will help your creditor to understand your situation. While it may not immediately solve your credit problems, it is definitely a step on the road to recovery.
  • Any documents that pertain to your credit history should be stored in a safe area. If you send letters to your creditors keep a copy of each letter sent and store it in a safe area.
  • If you notice any errors on your bills or credit, reports make sure that you contact the appropriate professionals and dispute the charges immediately. Once you have disputed the charges with the sources you will then contact your card provider and let them know what occurred.
  • If you are lucky enough to have a credit card with bad credit, please don’t use the card to repay your debts and then meet the monthly installments on the credit card each month. That would mean getting out of debt while going in debt deeper–how sensible is that? It might seem like the only solution when all else false, but credit cards have interest rates so the bills each month on the card will increase.

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