Building Lifelong Wealth

Last Minute Tax Tips and a Free 8-Week Class to Boot!

The end of the year is closing fast and now is the time to get the tax deductions you deserve by knowing what information to share with your CPA. Here are a few year-end tax tips to consider right now.

Year-End Tax Solutions:
Read a few of these tax-saving, money making tips and I’ll give you a wonderful financial educational tool for absolutely free at the end of this post.

1.    If you might owe taxes…  review the list of potential deductions. Do you know what’s available? Diane Kennedy’s book, Tax Loopholes of the Rich has a great list.   Also, Jackson Hewitt Tax Service has a quick list of tax deductions for free that are often overlooked. Review these lists and look at where you spend money. Then bring this list to your CPA. I have a list of around 300 deductions that I use with my wealth coaching clients.

2.    Prepare for next year with a system… What is your wealth building strategy? What is your money management system? What is your process for building lifelong wealth? If you are shrugging your shoulders at these questions then you need a system. Our most popular workshop is called the Infinite Wealth System and it teaches you how to be your own banker, get paid like a banker and reduce risk like a banker. But first, you must start thinking like a banker. This workshop is quite powerful but don’t take my word for it, listen to some of the students.

3.    Create a Tax Advantaged Environment… What that means is that you should be doing everything legally available to maximize your tax advantages and minimize your tax liability. For example, There are four ways you can protect your income and your assets for a more joy filled retirement.

• Entity Structuring – set up an LLC, a C Corp, an S Corp or other legal business structure that will give you the greatest tax benefits and asset protection. You never want to hold real estate personally and LLCs are often great vehicles for protecting your investment and your family from legal hassles.

• Banking System – Utilize the proper life insurance products to establish a system of managing your cash flow and earning the interest on things you finance instead of paying interest to the bank or finance company.

• Self-Directed IRAs With Checkbook Control - A lot of peoples’ retirement accounts have taken a beating in the last year but there is a way to recover some and do better next year. Set up a checkbook controlled IRA and tie it into your banking system to maximize your earning power while reducing tax liability.

• Elite Family of Trusts – Trusts are powerful vehicles for creating long-term wealth and setting up a financial legacy.

4.    Tracking Software (Quicken, Quickbooks, etc.) There are many programs to choose from but the most important point I want to make is that if you don’t know where your money is going you won’t know where it went. Solid wealth building strategies require that you track your money well. If you’re not on a good financial management software program this is the ideal time to set it up so you can be ready for the new year and a fresh start.

Now… about that free gift. Sign up for our free eight week Wealth Building Secrets program that you can take from home. No cost, no obligation. Just 8 weeks of wealth building tips, money making ideas, tax saving strategies and new ways of thinking about wealth, money, and prosperity. There’s no obligation and you can start right now! 

To learn more about our wealth coaching programs, wealth building guides, or other financial education tools, drop me a note or give me a call!


Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

By the way, if you are facing some tax challenges, cash flow issues, or need a solid asset protection strategy, there is no charge to give me a call! We have a number of powerful wealth building programs to help you in the process of building financial freedom.

Any wealth building strategy should include a health building strategy. So here are a couple of wealth building tips based on health building tips.

Stress can take the health out of wealth real fast unless you learn how to manage it. Stress is linked to major diseases like cancer, heart failure, even arthritis! Now don’t go getting all stressed out over these nasty stats, there are some simple solutions you can do today to reduce your stress levels while you make your millions.

Stop pulling your hair out and read a little more. The best anti-aging program is a stress release program. And, since you're working so hard at creating your wealth building strategy I know you're going to want to be around a long time to spend all the money!

Here are three effective ways to lower your stress levels today!

Practice the 3-D’s!

The three D’s are: Do it, Dump it, or Delegate it. It’s not rocket science but it can be a lifesaver! Look at everything on your to-do list today with your 3-D glasses on!

• Do it – if you run across something that can be done in two minutes or less, just do it now and get it off your list. One less thing to stress about

• Dump it – Get brutal with the junk mail, email, and mindless tasks that waste time and energy. Get protective of your time and focus your energy to the most important tasks of your job or your personal life. Dump the stress that comes with doing things you really don’t want to or need to be doing.

• Delegate it- Leverage your time by letting others do what you’re not good at or committed to. Ask for help, develop support systems, but don’t do it alone! Share the love, the work, and the stress! If it's not an activity that is creating you money then you should't be doing it.

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
Connector Coaching Program

888-888-3612

Learn more about our wealth building programs. Whether you make $1,000 a month or $100,000 a month, we have a financial education program you can use to start building lifelong wealth. Visit my coaching site at www.WealthClassesCoaching.com or just call me!

Here are a few more wealth building tips from my Connector Coaching call with Jim Britt!

Jim agreed with me that to build wealth in today’s economy, it’s a good idea to have a job to keep some form of revenue coming in while you look for ways to start your own business or leverage your money in tax advantaged ways.  Here are a few more highlights I've paraphrased from that Connector Coaching call interview with the very wealthy and very kind Jim Britt!

• When starting your business, don’t start desperate. Desperate people push investors away
• If the business plan says something about catching up on the pickup payments nobody will (nor should they) invest
• Opportunity stays far away from desperation
• Start your business to focus on giving others value not on all the money you are going to make. See things from the eyes of your customers. You’ll sleep better and you’ll ultimately make more money. If you focus on value, the money comes to you
• Network marketing is a way to start a business with little or no overhead. For around $500 there are tons of great businesses you can start. Choose a solid company with good people and a product that is leading the market. Something that is hot and cutting edge is best. Look for a category creator.
• Jim made hundreds of thousands from numerous network marketing companies and still gets residual checks many years later without much effort
• Most powerful thing you can do in business… build a network. Keep track of people, offer to help people. Be a resource to people and genuinely try to help others. That’s how you build a network of resources, allies, and friends. Your network is not just for raising money. Always be asking… “How may I help you?”
• Be responsible. Take responsibility for your life. The good, the bad, the ugly. Then do something about it. Don’t dwell on the past, just learn from it and move forward.

Finally, I asked Jim what he believed was the reason for Jim Britt’s success. He said it was this… “I always try to be the best I can be, notice I did not say to be the BEST but to be the best I can be. Not better than others, just better than I was the last time.”

Have a prosperous day.

Gabby Huguenin
Wealth Coach
Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

P.S. For more wealth building tips, financial education tools, and financial education videos visit www.WealthClasses.com. If you don't have a wealth building strategy what is your strategy?

Building LIfelong Wealth is easier with mentors like Jim Britt.

I had a great conversation with the highly successful entrepreneur, master coach, and millionaire, Jim Britt on one of our recent connector calls. Jim shared some great insight about what it’s taken him to become a millionaire. If anyone understands the process of building lifelong wealth, it's Jim.

If you are looking for a wealth building mentor let Jim be your wealth building guide! He was a great interview and I've typed up some highlights from that call so you have a clue what we talk about in our wealth coaching calls. Here are a few of my notes and a 10-minute audio clip from the call.



Jim talked about how he went from having $9.00 in his pocket and going to 23 different banks to get financing for his first business opportunity. Once he found the money he launched his business only to find out it wasn’t working. He was feeling pretty down and out when the sheriff’s notice arrived and gave him five days to get out of his house.

That’s when he made a decision. He had already lost his home, his car, his furniture but he had not lost his will to succeed. Looking back, Jim told me there was one thing that has really helped him recover from that situation and go on to make millions in a variety of businesses. It’s called Decision.


Jim had no formal education but he somehow discovered that when a person makes a solid, clear, committed decision, there is very little that can stop you from succeeding. Shortly after Jim lost it all he started making 5,000 a month, then 10,000, then 20,000 and had made a cool million within the next year.  This is why I love wealth coaching. We get to learn directly from people who have done it! I interviewed Jim on our Connector Coaching call to show our Wealth Classes students how a successful person thinks and acts. Here are some of the points I have paraphrased from the wealth coaching call I did with Jim Britt.

• Even without formal education you can make millions if you are willing to make a decision
• True decisions, once made, are unshakable
• Make a decision to get healthy, get wealthy, or whatever you want and never look back
• The Laws of Attraction works best when we make a clear decision
• Static action - This means, many people go through motions and don’t take actions. Why? Because they didn’t make a clear decision to get started. Or they make a half-hearted decision that allows them to turn back if it doesn’t work out. This is not a decision: “Well, I’ll give it a try,” or “if it doesn’t happen in a week I’m out of here.” 
• Make a decision that doesn’t allow for anything less than success.
• Quit smoking, lose weight… make a decision to be the opposite of what you have/are.
• You will naturally take actions toward success once you make a decision.
• Opportunities are everywhere we just don’t recognize them until you make a decision.
• If you have a little fear, that’s okay, a little fear and a lot of determination can take you a long way. If you have a little fear of going back just make sure you have a lot more determination for going forward.
• Listen to your gut. When you think there is something wrong, there probably is. Believe in yourself.
• Look at what’s going to be hot. What are the new trends? What are the products that are really capturing the world’s attention? Can you visualize how those will be selling in a few years from now? 
• Look for opportunities that can make NOW money. What can you invest your time in to today (without giving up your day job) that you can grow on the side until it has enough revenue to replace that job you don’t like?
• Network marketing companies offer huge opportunity. Why? No overhead for you, they make and distribute the products you just go tell the story and get paid

We’ll talk more on Jim Britt’s success story in our next blog post!

Have a prosperous day.

Gabby Huguenin
Wealth Coach
Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

P.S. If you are planning for retirement, looking at saving tax money, or just trying to create a plan for total financial freedom, call me! There is no charge for your initial consultation.

To continue a few more ideas from our Monday night’s Connector Coaching call, here are a few more thoughts on the best legal entities to consider. There’s a lot more to know about the tax advantages and asset protection features of each of these but this will give you an overview of the pros and cons of each legal entity (Check out yesterday's post for more).

Limited Partnerships – In this legal structure the partners cannot be actively involved in the management of the business. It’s important to be realistic with this. If you’re the kind of person that has to have your voice heard and you can’t avoid getting involved, this structure is not for you. Limited means limited.

If you do get involved you can lose your status as a limited partner and that opens a whole different set of issues and defeats the original intent. All income coming into limited partnerships flows through to the members, the partnership does not pay taxes.

Family limited partnerships where members are family members have some unique tax advantages.  Family limited partnerships can be used to pass tangible assets that wouldn’t normally be found in a business such as jewelry, art, heirlooms, etc. to the next generation. In limited partnerships it’s a good idea to have separate CPAs, bookkeepers and administrative functions. Downside – these can be tough to sell and costly to set up.

S Corps or Subchapter S – This is a standard corporation that has elected a special tax status with the IRS. The basic information requirements are the same as a C corporation wherein formation documents must be filed with the state agencies and necessary filing fees paid, of course. The S corp is different from the C corp in that it does not suffer double taxation like the C corp. With an S corp the profits and losses pass through to the shareholders and must be reported on their individual tax returns.

S corps also have unlimited life extending beyond the illness or the death of its owners. Stock can be sold, business expenses may still be deductible, and ownership is relatively easy to transfer. Downside – The number of owners must be fewer than 100, they cannot be non-resident aliens and all income tax obligations flow through to the individual owners.

This is just some of the material we covered in my last coaching call. Learn how you can participate in an ongoing wealth building program. Connector Coaching Program 

Limited Liability Companies or LLCs.  An LLC is a cross between a limited partnership and a corporation. You can have more than one owner. You file a 1055 tax form to do your return. From asset protection standpoint an LLC has many tax benefits. With single member LLCs you can add an S election that allows you to run it as an S corporation to get some additional advantages. An LLC limits your legal liability. Like a C corp you are only personally responsible when there is gross negligence or fraud involved. So, don’t do anything stupid and your LLC will protect you and your assets just fine!

You can have as many members as you want and you can have foreign investors. This is great when you are trying to come up with additional capital and you need flexibility in how you have structured the business. Income and losses flow to members so there is no double taxation. Great for holding real estate.

You don’t have to have formal meeting minutes like a C corporation. An LLC may protect assets better than any other structure. If you do get sued, you usually cannot lose stock to new members taking over because the current members decide who gets stock. If creditors put a lien on your interest in an effort to get paid, they may be liable for a tax on that debt. Bad for creditors, good for the LLC.

Rules vary by state so check your local laws although most states allow LLCs. Downside – Some states require LLCs to terminate at 30 years or at the death of a member but there are ways around that when structured properly.

Corporations  or C corps. A lot of accountants underestimate the tax advantages of C corporations. One big advantage of a C corp is you can control the income and you can pick the fiscal year end. Most other entities are based on the calendar. If you have a huge income influx, you can make adjustments to offset tax liabilities. You can also do what is called upstreaming income – legally shift income from your LLC to your C corp. The C corp is great to use as a financial planning tool.

Bottom line - You have time with c corps, lots of deductions and you can take advantage of many fringe benefits with minimal restrictions. The downside- lots of paperwork and double tax. You are going to be taxed on the income you draw and on the income created by the corporation.

C corp requires planning but if you are expecting higher income a C corp could be good. Use an attorney to set this up.  Again, these are just general and condensed points to consider when setting up your new business or looking for legal and safe ways to building financial freedom. Always use professional financial, legal, and tax advisors.

Andddddd... just as importantly, learn for yourself how to take charge of your wealth building strategy. Join one of our wealth coaching programs or take one of our online seminars or live seminars or workshops. Nobody cares about your financial well being as much as you do! Please feel free to leave a comment or ask a question. Just click the comment button below this post.

Have a prosperous day!


Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
Connector Coaching Program

888-888-3612

Learn more about our wealth building programs. Whether you make $1,000 a month or $100,000 a month, we have a financial education program you can use to start building lifelong wealth. Visit my coaching site at www.WealthClassesCoaching.com or just call me!

We had a great call last night with my students who are working to discover new ways to grow and protect their wealth. Each Monday night during our Connector Coaching Program give specific wealth building ideas and actions to help build lifelong wealth.
Here are some of the points I shared last night about setting up the right type of entity structure to protect yourself and your assets.

Having the right legal entity structure does two very important things. 

1.  Tax Advantages - When set up properly the proper legal entity gives you significant tax advantages. This is what I mean when I talk about creating a tax-advantaged environment.

2. Asset protection – This is so important into today’s litigious society. When you have assets that everyone knows about, you are inviting others to come and get them! It is your legal right to protect what you have worked so hard to earn!

Here are some of the highlights from last night’s Connector call. Key points to remember:

1. The right entity structures separate you from your business. This keeps you and your assets apart so that if one or the other has any legal challenge, your entire financial system is not at risk.

2. Sole Proprietorships are great for startups because they are low cost, simple and still have some tax benefits. There are lots of tax deductions available to this entity. This might be a good structure for a very small business where a person is a freelance writer or a network marketing rep where there is really very little risk. Downside is – very risky if you get sued. Tip - Once you start to make over 60k or so find a more protective entity and have an attorney set it up properly. Another downside to this entity is that there are over 90 million lawsuits filed in the U.S. each year and sole proprietorships are quite vulnerable.

3. The Secretary of State in each state is where you can go to begin your business name search. This is just a starting point. Business names need to be registered in the state where they reside but you will also need to begin the trademark and registration process. Just because a business name is available on a local level doesn’t mean a larger corporation hasn’t registered the name nationally. Use an attorney on this.

4. LegalZoom.com and other similar services may be useful for legal documents when you have enough experience to know what to look for. For example: If you need an operating agreement for a new LLC you are setting up and you've done it before, LegalZoom might provide a starting point as a template to save you some time and money. But, be careful. Complicated entities require quality legal advice.

5. Real Estate – Never, ever put it in your own personal name. Always use an LLC or another entity but having real property in one’s name invites trouble. There is a lot of exposure in the real estate world so don’t risk it. No sole proprietorships in real estate.

6. General Partnerships – These are a little like sole proprietorships but require two or more partners. There are some benefits when you are fortunate enough to find a partner who is equally committed and capable of doing his/her share of the work (although that’s rare to find the perfect balance). Great for small business with clearly defined and divided responsibilities.

General partnerships can be easier to raise capital or get loans for a start up. Each partner files their own tax returns and all income and losses flow through to the individual partners. Downside – Some states require termination of the partnership when death, retirement, withdrawal, or resignation occurs.

There are ways around that but that’s fairly typical. More complicated than a sole proprietorship but there’s no double taxation that can occur in a c-corp. Exposure is high as all partners are responsible for the actions of the other partners. You better know your partner real well!

Tomorrow, I’ll get into additional entities such as LLCs, PLLCs, S - corps C – corps and more. If you want to join our weekly wealth building coaching program to learn how to grow and protect your financial future, drop me a note, give me a call, or visit my site for more info. Of course, all that said, the information I provide here is for educational purposes only so always get appropriate legal and accounting advice from professionals you trust.

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

By the way, if you are facing some tax challenges, cash flow issues, or need a solid asset protection strategy, there is no charge to give me a call! We have a number of powerful wealth building programs to help you in the process of building financial freedom.

I'm always giving out wealth building tips but it's nice when a client gives them out for me!

"Hope of a future, faith in myself, techniques and tools to actualize a wealth plan." This is what people are saying about Wealth Classes Coaching and the wide variety of classes and workshops we provide. Rich people look at a dollar bill and see a seed. A seed that once planted, will grow into a harvest of plenty more. Yet that seed needs nurturing and feeding to grow to its full potential. What do you see when you look at a dollar bill?

If you are committed to building lifelong wealth but you don't know where to start, listen to one of our workshop participants as she talks about my business partner George Antone and our Infinite Wealth System workshops.  Here are Marina Read's thoughts about our wealth coaching programs...



Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

By the way, if you are facing some tax challenges, cash flow issues, or need a solid asset protection strategy, there is no charge to give me a call! We have a number of powerful wealth building programs to help you in the process of building financial freedom.

Legacy Solutions Now!

WealthClasses Coaching was founded early spring 2008 by Gabby Huguenin and George Antone. WealthClasses Coaching’s CEO and Director Gabby Huguenin has helped save entrepreneurs and W2 wage earners just under 14 million in income taxes over the past six years.

The intention behind Gabby's efforts is to help people in their process of building financial freedom and assist them in creating a legacy that will last for generations to come. The only way one can build lifelong wealth that will make a difference long after you are gone is to protect your assets and do everything legally possible to reduce your tax liability. That's where Gabby comes in!

WealthClasses Coaching has protected the assets of 38 students in 2009 and hundreds over the past 6 years. This is accomplished through an ongoing mentoring process. The significance of the smaller number is the individual support on a one on one basis.

Watch this video as Gabby describes various wealth coaching programs she offers.



WealthClasses Coaching breeds success for its students with the proven success systems and strategic alliance with WealthClasses Inc. founded in 2006 by George Antone and the famous “Infinite Wealth System”  Watch this video, with famous Entrepreneur Jeff Black to discover how wealth coaching can be a profitable part of your wealth building strategy.



To learn more about our wealth coaching programs, wealth building guides, or other financial education tools, drop me a note or give me a call!


Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

By the way, if you are facing some tax challenges, cash flow issues, or need a solid asset protection strategy, there is no charge to give me a call! We have a number of powerful wealth building programs to help you in the process of building financial freedom.

Wealth building ideas seem like a great idea for people who have money to invest and the knowledge to make more money but the reality is if you don't have the money, you don't have the money! So, relax. I have a gift for you. It doesn't cost anything and you don't have to go anywhere. It's Wealth Building Idea #1.

Financial Education Tools

If you have no money at all and want FREE advice, lessons, audios, etc. This is for you:

Please consider signing up for our starter program that has been designed specifically for people with little or no budget. There's no obligation, no catch, and it's no wonder that people love it! This is for beginners or for a great refresher course on building your wealth program. All you need to do is to commit the time to read and listen!


Here's a little more info:

Regardless of your background, status in life, if you’re starting over, starting out, or ending up, this path will lead to your ultimate outcome. We have spent thousands of hours, a ton of our own money, and spent years implementing this ourselves.

Get started today, Right NOW. I am a night owl so the team is probably up – if it’s late – don’t wait until tomorrow, do it right now. I still remember what I was wearing when I decided to show up for this kind of process, and the time is now.

We wanted to build such a STRONG foundation for every wealth builder - a program that allows YOU to build wealth in your life, all in your spare time. We recognize wealth builders are busy building wealth, so we developed this program to deliver very focused lessons on a regular basis with the intention of being able to completely BOOST your wealth building life!

We want to do all this at NO COST TO YOU!

Yep, you read that right!

NO COST TO YOU!

NO STRINGS ATTACHED!

All the information you need to get you ready to build a SOLID wealth foundation will be delivered to you in this fantastic home study course at no charge to you! By the end of this program, you will:

    * Have control over your finances
    * Have control over your debt
    * Be ready to handle (financially) any events in your life; good or bad
    * Have a good understanding of wealth principles and how to use them to build wealth
    * Have complete focus on what you are doing
    * Have an organized workspace and home with a CLEAR mind
    * Have an organized filing cabinet with all your documents
    * Have a clear target of where you are heading
    * Have control of your credit and ready to use it to build wealth
    * Among other things ...

To continue a few more ideas from our Monday night’s Connector Coaching call, here are a few more thoughts on the best legal entities to consider. There’s a lot more to know about the tax advantages and asset protection features of each of these but this will give you an overview of the pros and cons of each legal entity (Check out yesterday's post for more).

Limited Partnerships – In this legal structure the partners cannot be actively involved in the management of the business. It’s important to be realistic with this. If you’re the kind of person that has to have your voice heard and you can’t avoid getting involved, this structure is not for you. Limited means limited.

If you do get involved you can lose your status as a limited partner and that opens a whole different set of issues and defeats the original intent. All income coming into limited partnerships flows through to the members, the partnership does not pay taxes.

Family limited partnerships where members are family members have some unique tax advantages.  Family limited partnerships can be used to pass tangible assets that wouldn’t normally be found in a business such as jewelry, art, heirlooms, etc. to the next generation. In limited partnerships it’s a good idea to have separate CPAs, bookkeepers and administrative functions. Downside – these can be tough to sell and costly to set up.

S Corps or Subchapter S – This is a standard corporation that has elected a special tax status with the IRS. The basic information requirements are the same as a C corporation wherein formation documents must be filed with the state agencies and necessary filing fees paid, of course. The S corp is different from the C corp in that it does not suffer double taxation like the C corp. With an S corp the profits and losses pass through to the shareholders and must be reported on their individual tax returns.

S corps also have unlimited life extending beyond the illness or the death of its owners. Stock can be sold, business expenses may still be deductible, and ownership is relatively easy to transfer. Downside – The number of owners must be fewer than 100, they cannot be non-resident aliens and all income tax obligations flow through to the individual owners.

This is just some of the material we covered in my last coaching call. Learn how you can participate in an ongoing wealth building program. Connector Coaching Program 

Limited Liability Companies or LLCs.  An LLC is a cross between a limited partnership and a corporation. You can have more than one owner. You file a 1055 tax form to do your return. From asset protection standpoint an LLC has many tax benefits. With single member LLCs you can add an S election that allows you to run it as an S corporation to get some additional advantages. An LLC limits your legal liability. Like a C corp you are only personally responsible when there is gross negligence or fraud involved. So, don’t do anything stupid and your LLC will protect you and your assets just fine!

You can have as many members as you want and you can have foreign investors. This is great when you are trying to come up with additional capital and you need flexibility in how you have structured the business. Income and losses flow to members so there is no double taxation. Great for holding real estate.

You don’t have to have formal meeting minutes like a C corporation. An LLC may protect assets better than any other structure. If you do get sued, you usually cannot lose stock to new members taking over because the current members decide who gets stock. If creditors put a lien on your interest in an effort to get paid, they may be liable for a tax on that debt. Bad for creditors, good for the LLC.

Rules vary by state so check your local laws although most states allow LLCs. Downside – Some states require LLCs to terminate at 30 years or at the death of a member but there are ways around that when structured properly.

Corporations  or C corps. A lot of accountants underestimate the tax advantages of C corporations. One big advantage of a C corp is you can control the income and you can pick the fiscal year end. Most other entities are based on the calendar. If you have a huge income influx, you can make adjustments to offset tax liabilities. You can also do what is called upstreaming income – legally shift income from your LLC to your C corp. The C corp is great to use as a financial planning tool.

Bottom line - You have time with c corps, lots of deductions and you can take advantage of many fringe benefits with minimal restrictions. The downside- lots of paperwork and double tax. You are going to be taxed on the income you draw and on the income created by the corporation.

C corp requires planning but if you are expecting higher income a C corp could be good. Use an attorney to set this up.  Again, these are just general and condensed points to consider when setting up your new business or looking for legal and safe ways to building financial freedom. Always use professional financial, legal, and tax advisors.

Andddddd... just as importantly, learn for yourself how to take charge of your wealth building strategy. Join one of our wealth coaching programs or take one of our online seminars or live seminars or workshops. Nobody cares about your financial well being as much as you do! Please feel free to leave a comment or ask a question. Just click the comment button below this post.

Have a prosperous day!


Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
Connector Coaching Program

888-888-3612

Learn more about our wealth building programs. Whether you make $1,000 a month or $100,000 a month, we have a financial education program you can use to start building lifelong wealth. Visit my coaching site at www.WealthClassesCoaching.com or just call me!

We had a great call last night with my students who are working to discover new ways to grow and protect their wealth. Each Monday night during our Connector Coaching Program give specific wealth building ideas and actions to help build lifelong wealth.
Here are some of the points I shared last night about setting up the right type of entity structure to protect yourself and your assets.

Having the right legal entity structure does two very important things. 

1.  Tax Advantages - When set up properly the proper legal entity gives you significant tax advantages. This is what I mean when I talk about creating a tax-advantaged environment.

2. Asset protection – This is so important into today’s litigious society. When you have assets that everyone knows about, you are inviting others to come and get them! It is your legal right to protect what you have worked so hard to earn!

Here are some of the highlights from last night’s Connector call. Key points to remember:

1. The right entity structures separate you from your business. This keeps you and your assets apart so that if one or the other has any legal challenge, your entire financial system is not at risk.

2. Sole Proprietorships are great for startups because they are low cost, simple and still have some tax benefits. There are lots of tax deductions available to this entity. This might be a good structure for a very small business where a person is a freelance writer or a network marketing rep where there is really very little risk. Downside is – very risky if you get sued. Tip - Once you start to make over 60k or so find a more protective entity and have an attorney set it up properly. Another downside to this entity is that there are over 90 million lawsuits filed in the U.S. each year and sole proprietorships are quite vulnerable.

3. The Secretary of State in each state is where you can go to begin your business name search. This is just a starting point. Business names need to be registered in the state where they reside but you will also need to begin the trademark and registration process. Just because a business name is available on a local level doesn’t mean a larger corporation hasn’t registered the name nationally. Use an attorney on this.

4. LegalZoom.com and other similar services may be useful for legal documents when you have enough experience to know what to look for. For example: If you need an operating agreement for a new LLC you are setting up and you've done it before, LegalZoom might provide a starting point as a template to save you some time and money. But, be careful. Complicated entities require quality legal advice.

5. Real Estate – Never, ever put it in your own personal name. Always use an LLC or another entity but having real property in one’s name invites trouble. There is a lot of exposure in the real estate world so don’t risk it. No sole proprietorships in real estate.

6. General Partnerships – These are a little like sole proprietorships but require two or more partners. There are some benefits when you are fortunate enough to find a partner who is equally committed and capable of doing his/her share of the work (although that’s rare to find the perfect balance). Great for small business with clearly defined and divided responsibilities.

General partnerships can be easier to raise capital or get loans for a start up. Each partner files their own tax returns and all income and losses flow through to the individual partners. Downside – Some states require termination of the partnership when death, retirement, withdrawal, or resignation occurs.

There are ways around that but that’s fairly typical. More complicated than a sole proprietorship but there’s no double taxation that can occur in a c-corp. Exposure is high as all partners are responsible for the actions of the other partners. You better know your partner real well!

Tomorrow, I’ll get into additional entities such as LLCs, PLLCs, S - corps C – corps and more. If you want to join our weekly wealth building coaching program to learn how to grow and protect your financial future, drop me a note, give me a call, or visit my site for more info. Of course, all that said, the information I provide here is for educational purposes only so always get appropriate legal and accounting advice from professionals you trust.

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

By the way, if you are facing some tax challenges, cash flow issues, or need a solid asset protection strategy, there is no charge to give me a call! We have a number of powerful wealth building programs to help you in the process of building financial freedom.

To create wealth you must understand some fundamental wealth principles. Here is one aspect of our wealth coaching programs, learning how to think, act, and profit like a banker. So let's get inside the bankers head and see what you can learn about your views of making extra money, building lifelong wealth and creating total financial freedom.

Bankers Think Safety First
A banker is charged with the responsibility of running his bank at a profit. He is trained to think safety first.  Bankers follow a strict set of rules that have proven effective for hundreds of years. Anytime those rules are broken, banks get into trouble and bankers lose their jobs. We can see that in recent bank failures around the world. The Bankers’ Rule Number One is: Do not take risk.

As bankers bent this rule and started buying and selling over-valued mortgages, assuming the value of real estate would always appreciate, they got caught with their pants down! Collateral is an asset that the bank holds title to until a loan is paid back.

Banks have always been good at collateralizing everything they can but recently, when the value of the real estate collateral they were holding became less than the obligations of the loan, things began to fall apart. The market declined, the domino effect kicked in and bank after bank toppled because they broke their number one rule – Do not take risk! Apply this to your thinking as you prepare your plan for retirement.

Bankers Make Money When Money Flows
The banker’s job is to manage the money flowing in and out of the bank. Not the bank’s money but the customer’s money. A good banker is involved in his community, good friends with important people, and always there when you need a safe place to put your money or to get a reasonable rate on a personal or business loan. He’s great at PR for the bank, giving away coffee cups, calendars, and other things that show his support for his community. He is constantly looking for ways to find savers and borrowers.

The bank's owner has made it very clear to its banker that he must always manage the bank in a way that shifts risk. In other words, don’t make investments and always use other people’s money, not the bank’s money.

This is likely one of the reasons people are cynical about the banker’s implied philosophy of “You can’t borrow the money unless you can prove you don’t need it.” While not exactly true, it is an indicator that people recognize how good bankers are at shifting risk away from the bank and back to the borrower. How can you "shift risk" the next time you invest?

This philosophy is related to another that has stood the test of time: “The last one in, first one out.” Let’s say you have a growing construction business and you need a new truck. Your banker is happy to take your application for a loan but it comes with a few strings attached.

First, the banker needs a down payment, just to show your good faith, of course. Second, he’ll hold onto the title until you make your final payment. Third, you must prove that you have insurance on this vehicle, which you must pay for but it really protects the bank.  And fourth, you must agree to all of the terms spelled out or your banker has the right to take the vehicle back at any time. Notice how the banker controls the entire agreement and minimizes his risk in all directions?

Wealth Training by the Truckload
In essence, the banker owns your truck. Here’s the last one in, first one out philosophy. The banker’s money came in last, after you first put up the $5,000 down payment; which is of course, money your banker will lend out and earn interest on many times over in the coming year. Your banker was last to give the auto dealer you are buying the truck from the rest of the money needed to purchase the truck. The banker will also be the first one out if things go wrong. If you don’t make your payments, he holds the title and will be first in line to come and take the truck back if his money is at risk.

Now we don’t mean to sound cynical about your friendly banker here, we’re just pointing out how totally committed he is to following his rules, doing what has worked for the bank owners for generations. When the banking system is used and the rules are followed, the banker brings in a nice profit to the bank owner. And of course, when everybody fulfills their part of the banker/borrower relationship, everyone gets what they need. You get your truck, the banker keeps the cash flowing, and the bank owner gets his profit.

Wealth Principles and Banker's Rules
The banker’s success depends on you making all of your payments in a timely manner. This cash flow gives the bank a predictable stream of income that can be loaned out over and over and over again. You pay 6% interest to borrow the money and the bank makes 6% interest, not just you but on many others who will borrow from your down payment and monthly payments coming in for years to come.

What if you were the banker? What if you could recapture some of that interest going out to the bankers and put it in your pocket instead of his? This process called “recapturing” is a critical part of designing your own banking system.

Here are some of the important lessons from the banker’s point of view.

1.    Successful Bankers don’t risk their money
2.    Successful Bankers don’t break the rules
3.    Successful Bankers don’t invest
4.    Successful Banker maintain control
5.    Successful bankers profit from cash flow
6.    Successful Bankers are the last ones in and the first ones out
7.    Successful Bankers maintain control
8.    Did we mention successful Bankers maintain control?

How much control do you have on your finances? Want to learn more? Join us in one of our many wealth coaching programs and start building financial freedom by learning how to think, act, and profit like a banker!

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888.888.3612

As the economy evolves, our wealth building and tax saving strategies evolve. That's why I would like to introduce you to some of my millionaire friends. I have formed a team of like minded, very smart, high integrity people who are willing to share their insights on wealth building with my students.

Building financial wealth never happens one person at a time. I always say, "Teamwork makes the dream work!"  I'm very excited about some of the changes we've recently made to our wealth coaching programs. Now you will have more opportunities to interact with highly successful people to hear their "secrets of success."

Every week we bring in money experts, millionaires, and business experts for you to listen to and learn from in the comfort of your own home. You'll be able to ask questions, solve problems and find ways to capitalize on financial opportunities when you join one of our coaching programs.

Kiplinger's Personal Finance or Wealth Coaching
Kiplinger's Personal Finance magazine had a great article in it recently about how to repair, rebuild and retire. It emphasized the importance of acting today, no more delay, regardless of your age. It very nicely broke down some basic action steps for various age groups who are planning for retirement. Good stuff. Get the mag, read it.

They also gave some great advice on various ways to maximize your life insurance benefits, how to start your own charity, how to find better money-market funds, and of course, a great article titled "6 Ways to Fend off Debt Collectors.

I encourage you to read magazines and books, listen to Cd's and watch financial education videos. Yes, do it every day! But the missing element in most of the financial media content out there is the team.

For less than the cost of a cup of coffee at Starbucks each day, Wealth Classes Coaching can show you how to put together a wealth building team that will teach you, challenge you, and support you to do more than just read and listen. But! You don't have to give up Starbucks to start creating wealth! We teach you how to build wealth with what you already have.

Here is some of what you'll learn in our wealth coaching program:

    * Eliminate debt FOREVER
    * Make your assets practically bullet-proof
    * Plan for yours – and your loved ones – long-term wealth
    * How to raise OPM
    * Find and master your sales skills
    * Profit from family members (legally & morally….!)
    * Plan for retirement (or the next phase….)

This 52 week program is not for everyone. If you are happy with your income, your security, your retirement plan and you have all the money you need then good for yo. If you want to go beyond reading, listening, and talking about wealth and just want to start making extra money and enjoying life, then commit (either with me or anyone!) to learning more and taking wealth building action steps!

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888.888.3612

P.S. Total financial freedom doesn't have to be hard but it does take a little effort. But we've made it a lot easier with weekly classes, one on one wealth coaching and all kinds of audios, videos, and books to help you create your wealth building action plan. Have a question? Call me!

The Infinite Banking System puts you in total control of your wealth. When it’s all set up and running properly, you decide what money comes in and what money goes out. You set the interest rates and terms you want to pay to borrow money, just like a banker does. You decide how much interest you will charge others when you lend money and of course, the terms under which they will pay you back.

If your plan for retirement has been modified by our economic situation, maybe it's time to learn how to create a recession-proof wealth building strategy.

Plan for Retirement - Systematically
Again, there is no reason to compromise your lifestyle. We understand that it has been hammered into you since you started working that you must be saving for and planning for retirement. Of course, we all want to enjoy a retirement free of financial stress but why wait for retirement? This is the time to start building lifelong wealth.

To create truly massive wealth, there are four major systems you will eventually want to master. Here they are.

1.    The Financing System. This is the core of wealth creation but it does not stand alone. The Financing System is how you currently use your credit cards, loans, and leases. This is how you manage all of the money coming in and going out. It is the process of transferring funds, documenting transactions, forecasting the future, and monitoring changes.

This is the system, the technology, and awareness of the flow of funds through your life. The Infinite Banking System is a key element of the financing system that we teach in our wealth classes.

2.    The Debt Management System. This is the math, the timing, and the best use of your funds to reduce, minimize, and eliminate debt in the most sensible, manageable and realistic manner. A solid debt reduction process must be a part of any wealth building program. Of course, in our wealth training we don't want you to wait for anything. Eliminating debt and building wealth both begin immediately.

3.    The Tax Management System – This is the process of leveraging your knowledge of legal tax benefits into the lowest tax category possible. A properly structured tax management system allows the power of compounding interest to work for you. There is no lifestyle change required to maximize your tax benefits. Saving tax money is not an event it's a journey.

4.    Investing System – This is an optional yet complimentary system to the first three systems. Investing does not have to be risky or require too much work when you know where to start and what to avoid. Many people invest in traditional ways such as stocks, trading, real estate, etc.

When a systematic system of investing is combined with a systematic financing system, the synergistic results can improve your wealth creation momentum dramatically. There are tons of online investment classes and dozens of magazines that offer great advice on how to make money yet few of them provide a system that you can set up to run on autopilot.

How many people do you know that have “Investments” that they talk about yet they still never seem to have enough month left at the end of their paycheck? If you have invested in real estate, the stock market or any asset with an opportunity to appreciate then you are on the right track. What we teach you is that by combining any of the four major systems above, your wealth grows exponentially.

Savvy Investors Still need Systems
If you already have your own successful approach to investing, that’s great. Adding just one more thing, that you are about to learn to your investment system will greatly enhance your returns. If you have income coming in from your job, rental properties, investments, or other sources, we want that revenue to flow through your debt management system and into your financing system. We believe in the synergy of the systems. They work best when they are working together.

Top Financial Advisors
If you already work with a top financial advisor or manage your investments on your own, it doesn't matter to the team at Wealth Classes Coaching. Our goal is to help you eliminate distractions, delays, and excuses that keep you from creating massive wealth by automating as many of these systems as possible.

If you have to keep changing your approach, creating new tactics and re-inventing your strategies, then you don’t have a system. And if you don’t have a system, you don’t have control. And if you don’t have control, well, then somebody else does.

And there is only one person on the entire planet that cares as much about your financial well being as you do and that is… YOU!

Have a prosperous day!

Gabby Huguenin
Wealth Coach
Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

P.S. If you're working with a financial advisor at Merrill Lynch, JPMorgan, Smith Barney, or any other big name firm, good for you. We don't replace your financial advisors we simply teach you how to leverage your knowledge and relationships to build great wealth in efficient, safe, and sensible ways.

Until someone actually proved the world was not flat, you would have been considered totally crazy to think otherwise. Until someone proved that turning hot water into steam could run powerful steam engines and change the world of transportation you would have been considered a lunatic to think that a person could travel from city to city in minutes or hours instead of days or weeks.

And…until someone proved that you, yes you, can set up your own banking system and make money 24/7 with lower risk and consistent returns, just like a banker does, you would say this is just foolishness. But building financial freedom often requires a new way of thinking.

Tax Savings & Wealth Building Ideas
What once seemed impossible is now completely plausible, only if, you can make a paradigm shift, or a significant change in your point of view. If there is any area of resistance to the concept of wealth building it is usually in the the area of judgment.  To make extra money, generate new revenue streams, and build lifelong wealth, I ask you to suspend your judgments of things you know little about... like banking.

#1 Wealth Coach
To become your #1 wealth coach and a trusted adviser I must ask you to withhold your negative, “Yeahbut” thoughts until you learn how the Infinite Banking System works. I ask you to consider that the world may no longer be flat and that anyone can learn how to think, act and profit, like a banker!

If the hair on the back of your neck is standing up because of this radical thinking, that’s just fine by us. Resistance is natural and sometimes the most difficult thing to change on this earth is our… mind. We’ve been teaching thousands of people how to think, act, and profit like a banker for some time now and the first thing our students expect is that they are about to hear a laundry list of things they can no longer do or spend money on. Nothing could be further from the truth.

Wealth Classes Coaching Doesn't Require a Lifestyle Change
Our approach to building wealth is not like going on a weight loss diet. We’re not going to put you on a restrictive menu and tell you to stop doing this or stop buying that. In fact we’re not going to suggest you do anything different with your lifestyle. Building wealth comes from utilizing what you already have in more efficient and effective ways.

In our detailed wealth building  courses, you are going to hear some things you’ve never heard before AND… there are a few other things you will NOT hear that you may be expecting. Such as:

1.    Cut up your credit cards and pay cash
2.    Buy term life insurance and diligently invest the difference
3.    Pay down the mortgage on your house as quickly as you can
4.    Maximize your 401k and retire rich
5.    Take time to find the lowest interest rates on loans
6.    Remember, you must take higher risks to get higher returns

The reason you won’t hear any of those comments is because those strategies, though well intentioned, do not create wealth. It might make you feel good to pay cash for a new purchase, you’ll feel good knowing your mortgage is paid off, and you may feel a little emboldened after you negotiated another point off of that new car loan but these are all just emotional reactions to unemotional topics.

Tax Savings and More
I'm in the process of writing a book on reducing taxes and building wealth but everything I know about cutting taxes and building financial freedom is built on a foundation of systems, process, and strategy. Some of the steps you take in our wealth training coaching may or may not make you feel good but we’ve done the math, we’ve done the research, and we know that they work. You might feel good seeing your 401k or your home equity grow but can you use those assets? Can you leverage the value of your 401k into even more wealth? Can the equity in your home do you any good unless you borrow against it or sell your home?

So, I challenge you for today, suspend your old thinking and put some new information into your brain. The world is no longer flat and it is possible that you can learn to think, act, and profit like a banker. Sign up for one of our free workshops or teleclasses or consider joining one of our wealth coaching programs. Learn more at www.WealthClassesCoaching.com.

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888.888.3612

P.S. Whether it's an online investment class, a wealth seminar California style or just a quick phone call, we have a wide variety of wealth training programs to fit any lifestyle and any budget.

If you want to build lifelong wealth, you'll need to get clear about who you are and what you do. You'll need to be able to explain your company or services to others n a very clear, concise, and compelling way.

To nail this down into something you can actually do without a lot of thought, simply answer these questions. Write them out, rehearse it, refine it, and sell it!

Whether you're selling yourself to a lender, an employer, or a potential date, we're always selling! Here is a simple formula you can use to nail down your sales pitch.

Answer these four questions - just fill in the blank after each one and you've got your pitch!

1. Who are you?

2. What do you do?

3. Why are you the best?

4. What do you want me to do (call to action)?

Now, write it again, speak it out-loud, condense it a bit, tweak it a little more, then practice, practice, practice. Of course you can make this shorter but the point is, you've got to get a story down in writing first. Then you can fine tune and tweak to your heart's desire.


Have a prosperous day.

Gabby Huguenin
Wealth Coach
Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

P.S. If you are planning for retirement, looking at saving tax money, or just trying to create a plan for total financial freedom, call me! There is no charge for your initial consultation.

My friend and highly successful entrepreneur Jeff Black has given me some real pearls of wisdom over the years. Since the age of 16 he has been providing his business expertise to world class companies AND he has started a many multi-million dollar companies of his own. He helped launch Alta Vista, Hotels.com, Resorts.com and many others. His ideas are worth listening to!

I was reviewing some of my notes from one of his appearances on our wealth coaching call we do every Monday night called the Connector Program and I thought I would share some of his insight with you.

If you are interested in creating lifelong wealth, starting a business or just creating more of what you want in life, here are a few of the golden nuggets I pulled from my interview with millionaire entrepreneur, Jeff Black:

Jeff Black says (and I paraphrase a bit for space)
Most people have a great idea and if they followed it through it would probably be worth a million dollars in their pocket!

• The average person doesn’t follow through but the people who do, succeed.
• Once you get good at making money you have to get good at protecting it.
• You must give back. Sit on an advisory board, give referrals, and do for others what has been done for you.
• Build a team around you that are skilled and that you like working with.
• It’s got to be fun or why do it.
• Pick the best people and compensate them really well.
• When building a business – make sure everyone has some skin in the game so everyone is invested.
• Having lawyers is necessary. Hire the best.
• Success is 5% inspiration and 95% perspiration.

Here is a little more of Jeff Black talking about his experience with our Infinite Wealth System workshop in this quick video interview we did with him earlier this year. He gives his point of view about whether or not it's a good idea to start a business during a recession:




Have a prosperous day.

Gabby Huguenin
Wealth Coach
Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

P.S. For more wealth building tips, financial education tools, and financial education videos visit www.WealthClasses.com.

I love wealth coaching. I truly enjoy helping people on their path to building total financial freedom. Yet, although I am very passionate about the power of our wealth coaching process, I recognize there are many ways to build lifelong wealth. For example, Money magazine, www.CNNMoney.com had a great article recently about the 7 New Rules of Financial Security. The article was good and probably helpful to many readers.

Entrepreneur Magazine had some great articles on marketing tactics, the impact of the stimulus plan, how Firewire Surfboards has reshaped an industry, and a few tips on whether or not to expand your franchise from one location to many. All good stuff but… pretty broad.

One of the things I believe is very important to building financial wealth is creating a team of people around you that can help you create wealth within your specific and unique situation.

Look for a combination of people that are able to:

• Support You -  in getting solid information and giving feedback
• Provide You - money making ideas (earlier than magazines do :-) )
• Share With You Practical Experience – creative and practical financial tactics that are being used by real people that you know and trust
• Guide You – with their specialized training, experience, and expertise– words to the wise from a variety of financial experts that can give advice and guidance without trying to sell you something you don’t need

Some other ways to get the financial education tools and resources you need are online investment classes, financial webinars, financial teleclasses, wealth classes, and one on one wealth coaches. It doesn’t matter which wealth building strategy you choose, the fact is the only one that will work is the one you will stick with!

Loral Langemeier, Bill Bartmann, Joe Vitale, Dr. John Demartini
My friend Lance Hood of www.TheGreatestLivingSuccessCoaches.com has done a marvelous job of bringing together some amazing talent for his wealth building course called The Greatest Living Success Coaches. I will be one of his featured speakers, speaking to a very large audience of his in a teleclass later this week. I am honored to be in the presence of fellow presenters such as Loral Langemeier, Bill Bartmann, Joe Vitale, Dr. John Demartini, Alex Mandossian, Les Brown, and many others. It’s important to keep in mind that when it comes to financial success we truly are a reflection of the company we keep.

Wealth Building Tips
I challenge you to take one or two action steps toward establishing a wealth plan – TODAY! Reading financial magazines, taking wealth classes, signing up for one of our wealth coaching programs are all great ideas but figure out what works for you and get started.

We offer free classes, one on one coaching, financial webinars and the works. If you are at a higher level of investing and business building and would like to learn more about our “think-tank” mastermind styled approach to building wealth, ask about our Legacy Wealth Group.

This is the day. Let’s get started!

Have a prosperous day.

Gabby Huguenin
Wealth Coach
Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

My friend Lance Hood is putting together a large group of authors, speakers, and experts on everything related to creating wealth for a FREE online teleclass series. He asked me to produce a quick video overview of what I will be speaking on. After I finished the video for his promotional purposes I took the same wealth building ideas I talked about in that video and put them into this Podcast.

There are seven tax-saving, money making ideas in this Podcast and you'll even find ways to put your little ones on the payroll. In 2009 you can pay your children $5,700. That's one way to shift some income and lower your tax liability. Of course, I'm speaking in general terms so always check with your tax professional regarding your unique situation.




With 65% of you money flying out of your pocket in taxes and interest you need to learn to use dividend paying life insurance policies to create a tax advantaged environment. If you want to begin building lifelong wealth two of the most powerful tools to do so are real estate and specific types of insurance policies. The cash surrender value in the right type of policy is fundamental to the structure of the banking system that we teach our clients to set up. Check out this Podcast to hear seven wealth building ideas so you can start creating your own wealth building program.

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
www.WealthClassesCoaching.com
888-888-3612

By the way, if you are facing some tax challenges, cash flow issues, or need a solid asset protection strategy, there is no charge to give me a call!

Flip on CNN and there’s good news about the economy then bad news about the economy. Creating wealth doesn’t depend on good news or bad news. It DOES depend on good thinking and bad thinking. Good thinking- “Hey, there’s a recession going on, I’m going see this as ‘recess’ and make the best of it!” Bad thinking- “Gee, I lost a ton of money in the market. I’m going to fire my broker/financial advisor/tax planner and do nothing at all.” 

Let’s all Calm Down
When the universe hands you a bucket of lemons go make some lemonade right?  Listen to this Podcast I just did because you will learn something about getting control of your finances, REGARDLESS of how bad or good your situation might be right now. Now it’s time to Turn Your Burn into an EARN! That’s the clever title of today’s Podcast.

TURN YOUR BURN INTO AN EARN!




If we give in to the group think and allow the negativity of the media to control our minds, we’re sunk. A better way to view this economy is to take control of what we DO have. There is no benefit in placing blame on anyone or anything at this point.

It’s Time to get Moving.
This is the time to create a Tax Advantaged Environment. You will ultimately find financial freedom in that environment when you incorporate these four components into your wealth building strategy.

• Entity Structuring
• Checkbook Controlled IRAs
• The Banking System
• Elite Family of Trusts

Now is the time to reorganize your financial life so you keep what you have while you create a long-term financial plan to make more. This is not the time to get paranoid, freeze everything and pull into your shell. That’s financial suicide. Yes, it’s time to be very smart, careful, and methodical but it is not time for prosperity paralysis!

Have a prosperous day!


Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC

888-888-3612

Learn more about our wealth building programs. Whether you make $1,000 a month or $100,000 a month, we have a financial education program you can use to start building lifelong wealth. Visit my coaching site at www.WealthClassesCoaching.com or just call me!