Financial Education Tools

Faith is not always enough to Save the Day: sometimes re-evaluating how we approach things is necessary.

 

There is a famous saying: if it’s not broke, don’t fix it. Sounds logical doesn’t it?! However, when applied to our finances or business success that point of view can sometimes lead to complacency. That, as anyone knows, can spell out a slow and painful death of all we have worked hard to achieve.

 

People are so busy that they don’t take time to look around them and really notice what is happening to their financial health, life, money, retirement, assets, and taxes!

 

 Looking outside of our current list of advisors can sometimes yield unexpected results. In addition, if we begin to edge a little further out and explore some new ways of thinking or approaching an old subject something amazing can happen. We can find that what we needed was sitting here all along.

 

You want advisers that have a VESTED interested in your financial health and are in it to win it with a win / win playing field.

 

I have a long term friend of mine, whom I consider family, has elderly parents with failing health, the bills have been piling up, and their attorney has instructed them to keep their assets in their names, and let their children fight over the assets upon their death. Why do you think that is?? It is simply because the attorney will earn more money for himself by letting the assets go through probate upon their deaths, and then the heirs will be left with not only the pain of losing their parents, but the pain of paying the estate taxes, probate tax, and losing the things that they grew up with.

 

How to turn that corner is often the hardest step to make. It means acknowledging that what has worked so well in our wealth building journey for so long no longer has the horsepower to work. It means acknowledging that our financial education is a little rusty, and our long-held goal of financial independence is slowly slipping away,

 

In fact, financial freedom may have completely gone off the tracks. Avoidance of this fact is easy in the short term. Unfortunately in the long term, it will mean that our retirement has often been eaten up by shoring up our current situation or our hard won assets are now at risk.  Not such a pretty picture is it.

 

However, there is a point of view – a skill set – available to everyone who believes their family, business, retirement, assets, tax planning and every other aspect of their lives is worth protecting. It is when you recognize that you need help and that help can come in the form of an advisor or wealth building coach.  If you think of any successful sports person or team, wealthy person or business you know they have at least one top-notch coach they can depend upon.  You can have the same level of commitment as well.

 

Try looking around for the coach (and their approach) that will work best for you. Look at their references, past track record and important information that backs up all their claims. For instance, if they talk about saving money on taxes: just how much have they saved and can they prove it? How do they protect assets? What is their proposal for long term financial health for you and your family? Is it customized to YOU personally? Is it able to be implemented? Will your advisers be able to support it, and does the IRC and laws of the nation we live in support it?! All of these things are very important when choosing the right wealth building coach for you.

And now I would like to invite you to claim your Free CD at www.masterywealthtips.com From Gabby Huguenin, – A Wealth Builder, Accredited Investor, in Northern Idaho 
www.wealthbuildingdna.com

You can talk live with Gabby and Tim McGilberry CPA by calling 888-888-3612 or email: gabbysupport@gmail.com or support@wealthclasses.com

Watch my Podcast below on tax planning high income people should think about and then think about these two very powerful quotes!


Here's a quote from one of my wealth coaching clients...


And finally, watch this short financial education video(or better known as my financial wealth Podcast :-) ) and learn to think like a banker! Then, join me in our FREE 8 Week Wealth Training Program.



Disclaimer:
This information does not constitute a complete description of all or any one aspect of financial planning. There is no offer to sell or buy any financial product in this video or on our website. Please consult with a qualified financial, legal and/or tax professional before investing or modifying any aspect of your taxes, assets or finances. This information is strictly educational.

Learn more about our Connector Coaching calls and start taking all your legal tax deductions today!


Have a prosperous day.

Gabby Huguenin
Wealth Coach
CEO 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 new plan for total financial freedom, call me! There is no charge for your initial consultation.

Why doesn’t your CPA tell you about certain tax deductions? Maybe he's buried in paperwork. Maybe she would like to but doesn't want to take too many risks. Why don't CPAs tell you about those really unique tax deductions?

Some will some won’t! Most CPAs care about their clients and want to do a great job but the reality is, it’s your money and nobody is paying as close attention to your money as you are(or as close as you should be)! CPAs certainly will show you some tax deductions and make sure your tax returns are accurate. But they’ve got you and dozens or hundreds or thousands of other clients to think about at the same time.

The best way to get the most out of your CPA relationship is to be organized, detail oriented, and financially educated! I always say never count on any single financial advisor to know it all. At WealthClassesCoaching.com we believe it's important to create a wealth team.

And... you are the leader of that team. You are the one that needs to be challenging the thinking of your CPA. Ask why. Ask why not. Ask what if. Be careful here or you’ll spend a bunch of time getting an education from your CPA and a hefty bill at the end of the month. But put your CPA on the team. I believe “Teamwork makes the dream work!”

Help your CPA do a better job by learning everything you can about your money. It’s amazing how in just a couple hours a week how much you can learn and earn. Skip a few of those Seinfeld reruns or tonight’s episode of Dancing With the Stars and take our totally FREE home study course instead!

Challenge yourself to learn one new financial concept each week and in 52 weeks you have gained a ton of money making wealth building ideas!

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
888-888-3612

P.S. Whether you are interest is saving tax money, online investment classes, or planning your retirement, we have an individual wealth coaching program for you. Watch this video to see what people are saying about our classes and workshops.



Start your free wealth building program right now!  www.WealthPrinciplesOnline.com

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?

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!

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!

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!

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

What do reducing taxes, creating wealth, and accountability contracts have to do with retiring wealthy? Wait a minute, you don't know what an accountability contract is? In this Podcast we give a little more than your typical listing of wealth building tips. Accountability contracts are part of our wealth building program. If you are ready to Turn Your BURN into an EARN you'll enjoy this Podcast! If your through being stuck in the past and you're ready for something different, then take one of our free course, a teleclass, a paid coaching program or just give my last Podcast an ear.

What I'm talking about is how to take the things that are causing you strife and stress and turn it into a blessing of overflowing cash! If you've been burned in the market or your business or you're just a little hot under the collar because of the economy these days, cool your jets and listen to learn.




Financial Education Tools
Whether you are planning for retirement or just planning on having a little more fun in your life, building financial freedom starts with a plan. Everything we do is about creating the tools you need to save tax money, create multiple streams of income and generate wealth building strategies that give you the freedom and cash flow you've been dreaming of. The first tool we work on is that one between your ears. :-)

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
888-888-3612

Don't forget, we've built our reputation on teaching wealth principles that will work for almost anyone willing to learn and take action! Find out when our next wealth building workshop is at www.WealthClasses.com.

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!

The banking industry has done a good job of letting us think that if we get a car loan from them for 6.5% then they must be making a profit of something less than 6.5%. They have also done a good job of teaching us to keep our eye on the interest rate. When they give us a break on our mortgage rate and drop it from 6% down to 5% we think we’re getting a fantastic deal and love our banks even more.

The Bank's Primary Job
The bank’s job is to circulate money. Although you, as a borrower, are concerned about the interest rate on your mortgage, the bank is concerned about flow. Not just cash flow but many types of flow. Flow is the name of the game in the banking world. The word flow is related to water, liquid, pool, reservoir. Cash flow, liquid assets, pool your funds, cash reservoirs.

But, just as farmers don’t pool their water and keep it from moving, they know it has to flow to make things grow. Same is true with your bank. If cash isn’t flowing, then things are not growing.  There are a lot of financial education tools online but until you learn to act, think and profit like a banker, true wealth will elude you for a long time.

You Focus on Interest Rates - Banks Don't
While you focus on interest rates, your banker focuses on moving cash through the system. Bringing money in and lending it out, in and out. Like a living, breathing organism. If the inflow or the outflow stops, it dies. When you put a thousand dollars into your bank, the bank gives you back an extra $20 or $30 (2-3% interest) by the end of the year. Yet, the bank has loaned your $1,000 out to other borrowers five to ten times (@6% interest) creating revenue of around $60 dollars each time or around $300 to $600 in gross profit.

Returns of 40, 50, 60%
Could it be they are making of 40, 50, 60% returns on your money? Absolutely. Start to act, think and profit like a banker. Begin right now. What if all of that money was flowing through your own banking system? What if you were the one paying the interest as well as earning the interest? What if you didn’t answer to the bank? What if you were the bank? 

In the past, financial advisors implied that you should eat more beans, cut back your lifestyle and invest your money with them for 20, 30, or 40 years and everything would be fine when you were ready to retire. Wrongo! Between major financial institutions going belly up, clever billion-dollar scam artists going to jail, and an economy going haywire, you cannot afford nor risk giving up control of your money. You must put yourself in the flow. To do that you must act like a banker.

If you understand the real estate agent's mantra is location, location, location, then you'll understand why the banker's is control, control, control.

Whether you are planning your retirement or just looking for making extra money ideas, controlling the flow your of your money is what building financial wealth is all about.

The smart bank owner sets up the rules to control everything. You, the customer are expected to follow every rule. If you are ready to think, act, and profit like a banker then the primary lesson you must learn about the bank owner is this: “He who has the gold, makes the rules.”

This is not an evil or dishonest concept. This is a wealth building concept. When you plan for retirement, start your own business, or just want your fair share of tax savings, it all begins with control and knowing the rules.

We'll talk more about the meaning of control and it's relationship to wealth building in future posts. For now, I encourage you to learn more about who is handling your money and how they are REALLY doing with it. Even though you have a self-directed IRA do you really have control? Call me and I'll tell you the truth!

If you want to act, think, and profit like a banker, I strongly encourage you to consider joining our Infinite Wealth System workshop starting at the end of this week. It's the first time the entire event will be online and it's going to be a blast. My business partner George Antone and myself will co-facilitate this in depth workshop. We'll bring in a variety of high-powered financial experts each of whom have a unique wealth building perspective to share with you. The wealth building ideas will be flowing like crazy!

Want to take CONTROL of your finances? Your life? Join us :-)

Have a prosperous day!

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

You would think that the massive wooden ships with their tall masts and billowing sails must have been so easy to see that it should have caused quite a stirring among the island’s natives. Yet, the islanders had never been exposed to anything like this before. They had never seen a large sailing ship or any vessel of this size in their lives.

Amazingly, the islanders honestly could not see the ships sitting on the horizon. The visual produced by something so new, so unusual, had no frame of reference and for that reason, the islanders did not see what you might have thought was so obvious. 

Wealth Building Guide
So now, I ask you this. As we show you financial tools, techniques, systems and concepts that are so new, so far from your frame of reference that you might not believe them to be possible, will you please remember the islanders. What we are going to show you is real. It is possible. And it can greatly enhance your life, if and only if, you are willing to see it! The Infinite Wealth System is built in part on your understanding of basic banking principles. Making extra money is nice, creating wealth is wonderful. Let's talk about building lifelong wealth.

Beware Financial Advisors - TV Style
There’s a financial guru on TV who is quite quick to tell people that if you have an extra $5,000 in cash to invest, that you should put it into the bond market. This is a perfect example of allowing the tail to wag the dog. If you see investing as a separate and stand alone system, without integrating the other wealth building systems, you are about to lose $34,500.

Why? Because a typical American family making $100,000 a year pays out over one third of their income in interest payments to a variety of lenders! The financial advisor that focuses on your $5,000 (and sometimes, her commission to invest it) is missing the opportunity to recapture the $34,500 going down the drain in interest payments.  Please make note of the wealth building term called - Recapture. You'll need to understand it well to begin building financial freedom.

Focus on $5,000 or $34,500
With a properly structured financing system, the $5,000 you worked hard to save can be used to recapture part or all of the $34,500 flying out the window to hungry lenders. The financial advisor says, “Invest in bonds. They're low risk and will return 2.78% this year and they’re guaranteed!”  Whoop-tee-doo! 

On the other hand, with you, as the proud owner of your own banking system calling the shots, you could possibly keep, 30, 50, 80% or more of that $34,500. That’s more like $9,000, $17,000, or $24,000 back in your pocket instead of $5-6,000. But, like the natives on the island, you might not even be able see this yet. Are you still thinking about the $5,000 to invest or the $34,500 you should simply keep?

Financial Webinars & Wealth Seminar California Style
To shift you're thinking from investing to wealth creation you will have to begin a wealth training program to undo your old ways of thinking. Check my blog again soon and we'll talk more about the banking concepts the wealthy use in building lifelong wealth.

To learn more, join us this Friday as we begin our first ever online Infinite Wealth System workshop.

Have a prosperous day!

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

What if you were the banker? What if you could recapture some of that interest going out to the window and put it in your pocket instead of the banks? “Recapturing”  is a critical part of designing your own banking system. We'll teach you more on that in future posts. We don't suggest you attempt to set up an actual bank, we only suggest that you start to think, act, and profit like a banker.

To begin building lifelong wealth you must watch financial education videos, study financial education tools, take online investment classes, attend wealth building workshops and yes, again, begin to think, act, and profit like a banker!

Banking Facts You can Profit From
Let's start with some facts about bankers. Review these, think about your retirement plans or investment strategies and apply the following rules to your own financial situation.

   1. Successful bankers don’t risk their money
   2. Successful bankers don’t break the rules
   3. Successful bankers don’t invest
   4. Successful bankers 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?

Ask yourself, who is controlling your money? Who is building your financial freedom? Your CPA? Your financial planner? Your investment broker? Face the facts. Nobody cares about your money as much as you do.

Wealth Classes has been teaching banking concepts for years because it is the single most important body of knowledge you need to build total financial freedom.

Free Wealth Building Classes
We offer free classes on a regular basis and we have one-on-one wealth coaching programs for every budget large or small. Why not begin setting up your own wealth building programs today?

Our first online Infinite Wealth System workshop is about to start! See if there's still space available.

Call me any time.

Have a prosperous day!

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

San Jose, CA (July 15, 2009) www.WealthBuildingDNA.com  “The urgency people feel to get a handle on their finances is at an all time high. Fortunately, we have immediate solutions for those wanting more cash flow, lower taxes, and long-term wealth building strategies they can start on today,” says Gabby Huguenin, wealth coach, tax expert, and CEO of Wealth Classes Coaching, LLC. Huguenin is known for her skill at helping clients create long-term wealth strategies while dramatically reducing their tax liabilities. Her strategies have saved her clients over 14 million dollars in taxes in the last few years.

There really are secrets to creating wealth. The banking industry has been using them for centuries and Gabby Huguenin and her business partner, George Antone have been studying them and teaching these skills to students for years. For the first time ever, the highlights of their Infinite Wealth Building system will be presented live, via the Internet for this ground breaking workshop.

Huguenin says, “People are anxious to get out of debt and start making extra money and they don’t want to compromise their lifestyle. By putting the Infinite Wealth System in a webinar format we can now reach more people, save students money on air fare and hotel costs and deliver a very powerful and inspiring program that everyone in America could use right now!”

Students of the Infinite Wealth System workshop walk away with a full set of new wealth-building tools and skills.

Participants will complete a personalized wealth-implementation plan that includes steps necessary to:

•    Get rid of debt quickly without having to cut back lifestyle
•    Establish legal structures so that no one can threaten your wealth
•    Bounce back from a job loss with fresh money making strategies
•    Eliminate fear of losing retirement funds
•    Increase net worth to seven figures
•    End dependence on the economy and your employer
•    Establish an automatic passive income system
•    Utilize little-known tax-cutting strategies to save thousands
•    Enjoy life, take vacations and don’t compromise lifestyle
•    Create a realistic and exciting retirement plan
•    Generate a wealth building plan for total financial freedom
•    Start thinking, acting, and profiting like a banker

WealthClasses.com in conjunction with WealthClassesCoaching.com is offering this workshop for the first time in an online format. The Infinite Wealth System workshop does not require real estate investment, a high net worth, or an extensive investment portfolio of stocks and bonds. It simply requires a willingness to let go of old financial thinking that doesn’t work. The Infinite Wealth system does not force one to change their lifestyle or live uncomfortably frugal to work.

This is the first time the complete program has ever been offered online and reservations are required. Wealth Classes is focused on financial education as the best way to create wealth. This workshop is designed to give students the knowledge, tools, and resources needed to create lasting wealth.

Who should attend this workshop?
•    Doctors
•    Lawyers
•    Medical professionals
•    Chiropractors
•    Dentists
•    Entrepreneurs
•    Fortune 500 Executives
•    People searching for work
•    People planning for retirement
•    Accountants/CPAs/Bookkeepers
•    Anyone desiring to create long-term wealth

Learn more about Gabby Huguenin, her wealth coaching, services, and what happens at this workshop at www.WealthBuildingDNA.com. The Infinite Wealth System Workshop begins July 24, 2009. Reservations are required. Call 888-888-3612 or visit www.InfiniteWealthSystem.com for reservations.

While my business partner, George Antone and myself were in the midst of preparing for another Infinite Wealth System workshop (this time it's online!), I was reminded that building lifelong wealth is not something that happens by accident. (Learn the Four I's of Financial Freedom)

Every one of us has to make a financial, time, and mental commitment to build our own financial freedom. Financial education tools and wealth building programs are not reserved for the wealthy. And... the wealthy did not get to where they are because of their good luck.

Wealth Building Ideas
Most wealthy people achieve total financial freedom by educating themselves, hanging around other successful people, and by choosing to focus on what works instead of what doesn't work.

Elbert Hubbard once said...


What will you do right now to create a little more luck in your life? Are you willing to risk a mistake? Are you willing to take a step today toward creating total financial freedom?

What will you do to learn more and earn more? Just think, learn one new wealth building idea a week and by the end of the year you have 52 wealth building skills you can take to the bank. How would that change your life?

Have a prosperous day!

Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching, LLC
888-888-3612

P.S. Need a little help getting your luck headed in the right direction? We offer free wealth training classes, financial webinars, teleclasses and other wealth building tools all the time. But if you have a specific question or challenge, email me, leave it as a comment, or call me. I also provide one-on-one wealth coaching as time allows.