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Thursday, July 16, 2015

IF YOU WIN THE LOTTERY: A simple way to keep your riches




There are so many stories of how people lose their winnings when they have a windfall, such as winning the lottery.  Here is a simple way to keep your windfall working FOR you for years!

It's really simple, ready?

Let's say you won the lottery.  Let's imagine the smallest win in California . . . $7 million

If you take the cash value, you can say goodbye to 50% of the winnings.  So you actually get a lump sum of $3.5 million.  Oh but wait, you have to pay your taxes!  If you consider Federal and State Taxes think 40%.

So take your $3.5 million x .40 = $1,400,000.  Now $3,500,000 - $1,400,000 = $2,100,000


So, Ultimately you have $2,100,000.  Now let's create simple steps to make your life better for the rest of your life.


Step 1.  Hire a tax advisor, financial advisor and attorney.  It's very important that you do this first because these guys can help you avoid taxes, fees or any problems.  This should cost you now more than $25,000 initially.
($25,000)

Step 2. Get rid of debt.  Most U.S. Citizens have no more than $100,000 in debt.  Let's just say for this exercise you have $100,000 in debt.
($100,000)

Step 3.  Good Karma and great tax deduction.  Take 10% and give to charity
($210,000)

Step 4.  Play time!  What good is winning anything if you don't take some of that money and play with it, spend it frivolous things you've always wanted.  Take 10% and play, play, play
($210,000)

Step 5.  Now take the rest of your winnings and put it in a safe investment yielding at least 6% per annum. Your financial advisor will be able to tell you were you can find investments that will yield you 6-10% in interest SAFELY.  For this exercise we'll go with a conservative 6%.

You have $2,100,000 (cash winnings) - $545,000 (Steps 1-4) = $1,555,000

So,  $1,555,000 x .06% = $93,300 per year.

If you keep this cash winnings in this investment, never touch that $1,555,000 million and leave it in that account you will receive at minimum $93,300 per year.  This is your yearly salary, without working a 9-5 job, automatically.  With no debt, could you live on $93,300 a year?

I don't know about you, but I sure can!

Now that you have a concrete plan if you win the lottery.  Go buy a ticket!  And good luck.



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Saturday, April 18, 2015

Telecommuting Jobs: Health First



Founded in 1993, Healthfirst is a not-for-profit managed care organization, sponsored by some of the most prestigious and nationally recognized hospitals and medical centers in New York and Long Island. They offer a variety of government-sponsored health insurance programs covering children, adults, seniors, and small businesses.

They are one of the fastest growing health plans in New York and New Jersey with over one million members and a network of more than 24,000 providers. Healthfirst's vision is to treat our members with the same care and attention we would want for our own families.

This company usually has 8-10 Telecommuting jobs open. This company is on the East Coast.  Check out the Telecommuting Job listings here.




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Friday, April 17, 2015

Telecommuting Jobs: RED VISION



Premier nationwide provider of comprehensive, uniform title reports and property information in support of all types of real estate transactions. What we are really saying is that we hire the best people and offer our customers the complete package.

RedVision is a growing, innovative company with exciting career opportunities nationwide. It is our mission to consistently deliver comprehensive title reporting and property research solutions through our knowledgeable team and innovative technologies. Our talented workforce is dedicated to exceeding commitments to our customers with an unrelenting desire for operational excellence.

Work-Life Balance

RedVision seeks to recruit staff from a wide range of backgrounds with diverse experience and expertise. 

RedVision offers positions for full-time and part-time/Flexpert® (variable hourly).
Many positions offer telecommuting opportunities where a large number of employees work from home.

You should look at their remote/telecommuting jobs



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Wednesday, January 7, 2015

How do music stars go bankrupt?

We are continuing with the lesson on BIG MONEY and how NOT to become bankrupt.  

Music stars, yes, music stars live a very glamorous life right?  

They ride in fancy cars, wear the latest clothes, diamonds, houses, jet planes, champagne . . . all in front of the camera.  Yes, it's great.

But what they don't tell these stars is when the cameras stop recording and they are sitting at home alone, they better break out the Excel Spreadsheets . . . or better yet, the pen and paper and calculator and make sure they have money left over.

Here is the Late Great Lisa "Left-eye" Lopez of the singing group TLC explaining how a group that should over 10,000,000 records in one year (yes, that's 10 million) can be in bankruptcy.  

Listen carefully, because all this information can be controlled from the beginning if you work your CONTRACTS correctly (which most people that gain a big wad of money do not do).  When someone starts talking to you and mentions money that is in the millions.  Time to talk to a lawyer and make sure that lawyer is getting you EVERY ADVANTAGE on that contract.  







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Monday, January 5, 2015

What should you do if you get BIG MONEY!




Josh Childress explains: What Happens When You Sign A $11 Million Deal In The NBA 




There are a lot of people (more than you are aware) that fall into money.  Yes, this can happen to you.  You could win the lottery, become famous, become a sports star or win a settlement . . . and of course you could inherit [it can happened!]

If you are going to have big money, you have to be ready to manage BIG MONEY.  The stats show that people that have a "wind fall" (i.e. a lot money gets dropped into laps) are broke within 3-5 years.  We are NOT going to have that happen to you.

Here are some people that know what it's like to have sudden money.  Listen to their story and take notes of what they did.  You, my dear, are NOT going to be them.



Antoine Walker Lost $110 Million Dollars






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Thursday, January 1, 2015

Never Give Up on Your Dream!






What can I say?  Time passes.  Are you still fighting for your dream or have you given up on it? My dream has always been the same - (1) to be a successful business woman making six-figure income from my own business and having the freedom to enjoy my family and loved ones.  (2) To write for a living and do all the things that I love to do so that work feels like FUN.  (3) To help people gain their dreams so that I can have powerful and influential friends.  I hope you have joined me in my adventure.  


Happy 2015 everyone!

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Sunday, December 28, 2014

Start the Next Chapter




It's the end of the year.  I hope I've given you motivation to begin living your dreams. If you haven't gotten as far as you wanted to go, don't fret.  If you made lots of mistakes this year . . . good for you!  At least you got off your butt and did something.

This is the time to shake off the past.  Don't look back now!  Keep looking forward.  Yesterday is done, can't change it.  Today is what you have and where you start.  Let's do this!

Happy New Year and Happy New Adventure people!


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