Plan For Retirement

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.

Tax planning for doctors is all too often put at the end of the long list of to do's for fast-moving professionals. Part of any physician's wealth building strategy needs to include personal advisors, wealth coaches, and industry specific legal and financial experts. I believe it is very important to learn all you can about wealth building strategies but that doesn’t mean you have to know everything and do everything yourself.

Nobody becomes wealthy without a team effort. Athletes don’t get to the Olympics without a great coach, students don’t graduate from medical school without great professors, bosses can’t do their job without great assistants and people don’t become wealthy without a wealth team.

Raymond Aaron, founder of “The Monthly Mentor” once said, "If you don’t have an assistant, you are one."

Tax Planning for Doctors - in 30 Seconds?
High net worth tax planning is not exclusive to doctors and it is not something you should do on your own.  Financial advice for doctors shouldn’t come from the 30-second money making tips on tonight’s nightly news. So, whether you are a doctor, dentist or any other professional too busy to slow down and plan, ask yourself, these three questions:

• Who is on my wealth team and how qualified are they?
• Who should I be removing from and/or adding to my wealth team?
• What can I do today to improve this team?
  • Have clear goals that they all understand
  • Have regularly scheduled communications with clear agendas
  • Make sure expectations of performance and measures are crystal clear

If you are fortunate enough to be generating significant income but realize that you are paying way too much in taxes maybe this is the time to enhance your financial team with a wealth coach and a team of advisors to help you find legitimate business tax write offs and new ways to keep more of your hard earned cash in your pocket.

And finally, here's a few words from one of my wealth coaching clients...

"I just wanted to shoot you off a quick note to say thank you for your guidance. Your coaching has opened my eyes to a world of opportunities. It's amazing that after being a CPA for over 25 years, I was not aware of so many the tax saving strategies. Your coaching has helped personally as well as with my business. I couldn't have done it without you. Thanks again."

-- Lynne H, CPA


Have a prosperous day!

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

P.S. If tax planning techniques bore you or intimidate you and small business tax deductions just aren’t your thing, then maybe it’s time to expand your wealth team. Find out how our wealth coaching programs can make setting up a small business or maximizing a mature one much more profitable. I’ve saved my clients nearly 14 million dollars in tax dollars in recent years. Feel free to give me a call!

Traditional retirement planners don’t always like what I have to say but that’s what I’m here for… to get people to think a little deeper, a little harder before they make financial decisions. For example, I don’t put a lot of stock in the stock market.  It’s tied to a win-lose relationship and a lot of retirement strategies are built around this model. But hey, if it’s working for you then go for it but there are better ways to plan for retirement with built in safety and security features that will let you sleep nicely at night.

Unfortunately 98% of people in America at age 65 are far from financially self sustaining, able to live out rest of lives with what they have in their retirement accounts. My goal, is to switch that number and have 98% of us in full control of our estates, legacies and our destiny. I referenced the 401 k article in Time magazine recently and I’m still thinking a lot about it. Here’s the problem.

It wasn’t until the last few years that people started seeing that giving blind faith to financial advisors was not the best ideas in the world. Even if they appeared to be wildly successful, you know like… Prisoner # 2523 aka – Bernie Madoff.

Tax Planning Techniques - First, Dump Your 401(k)?
If you’re contributing to your 401(k) and the company is also providing some significant benefit like “matching,” then maybe it’s okay. If not, then you might want to get with your CPA, tax attorney or other trusted advisor and take a hard look at your retirement plan. The problem is often unnoticeable until the day you actually retire. If the stock market happens to be in the toilet around the start of your retirement, you’re screwed. You can’t go back, you can speed it up, you take what you get when you take it.

Here are two things to do to protect yourself from this retirement nightmare so many people have been going through lately.

1.    Evaluate your 401(k) right now. Get a hard-nosed assessment of what it’s worth, where it’s invested, and where it is guaranteed to be at your ideal retirement date.

2.    The problem with the first tip is that there is usually little “guarantee” in the typical 401(k) plan. So, tip number two is this. Look into insurance-backed products that allow you to insure or guarantee the stability of that retirement asset. This requires working with a knowledgeable and trusted life insurance agent that understands your goals.

Life Insurance as an Investment Tool
At this point many people think, “Oh, those agents are just in this for the commission!” Well we all need to get paid but the smart agent is the one who recognizes that when she helps you set up your own banking system (like we teach in our Infinite Wealth System workshops) YOU will have an INSURED retirement plan and she will have a long-term income stream because she is helping you retire rich!

If you want to know how to select the right agent or would like a referral, feel free to give me a call or drop me a note! And… do your homework and review that 401 k right away!


Have a prosperous day!

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

P.S. Whether you are interest in tax planning courses, online investment classes, or planning your retirement, we have an individual wealth coaching program for you. There's no obligation to chat! Don't forget to sign up for our free wealth program - Wealth Principles Online.

Stephen Gandel, writer for Time Magazine recently did an article on “Why It’s Time to Retire the 401(k).”

Here’s part of what Stephen said…

“The ugly truth, though, is that the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves. In the past two years, that has become all too clear. From the end of 2007 to the end of March 2009, the average 401(k) balance fell 31%... In what must seem like a cruel joke to many, the accounts proved the most dangerous for those closest to retirement.”

Yup, he’s got some good points here but does he have a solution? The fact is, nearly half of all Americans have a 401(k). Some financial experts say most Americans don’t contribute as much as they could, thereby leaving free money (from the matching amount employers contribute) on the table. Although that may be true, in this economy I’m guessing some people who put their money somewhere besides a 401(k) are probably grateful they DIDN’T contribute to the max!

Planning for Retirement with 401(k)s
The sad thing about this retirement tool is that most people do not know how to use it properly. The average 401(k) is about $35,000 right now. Not exactly retirement utopia. And the irony is that every time we take our meds, get that surgery, and add a few more years to our lives we make our original retirement strategy a little weaker. The funds might run out before we do.

The 401(k) Solution
In his article, Gandel suggested something that my business partner, George Antone and I have been saying for a long time. He suggested insured accounts might offer part of the solution. George and I have been teaching for years that the proper combination of investments and the right type of life insurance instruments can create tax advantaged environments and make guaranteed returns a lot easier.

The ERISA Industry Committee (ERIC) is a group that represents our nation's largest employers. In Gandel’s article he states that they have proposed to the government, a system of exchanges that allows individuals the ability to buy a guaranteed retirement account on their own. And... I believe this type of retirement plan flexibility will require the use of insurance instruments to be effective.

When American’s stop counting on their employer or Uncle Sam to plan their future, they will finally see the benefits of long-term financial planning. There is a place for 401(k)s but that place is inside a solid, well thought out, wealth building strategy.

If you’re tired of depending on anyone else to plan your retirement, join us at our next Infinite Wealth System workshop and take charge of your financial future!
Here’s Stephen Gandal’s Time article.  

Learn more about our Connector Coaching calls and start taking all your legal tax deductions and planning a retirement strategy that will last as long as you do.


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. Watch this video to learn how to grow your money in a tax advantaged environment:



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.

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.

Learn how your dog might be a legit tax deduction :-)
Home based business owners are leaving money on the table when they don't capitalize on their legitimate tax deductions. The most missed tax deductions are often around the home office. Here are some money saving tax deduction ideas that anyone working from home should know about.

Tax Deductions - The More You Know the More You Keep
Always check with your tax and/or financial adviser before making any changes to your taxes but in this Connector Coaching call I share examples of ways you can legally and safely reduce your taxes by taking approved tax deductions. Here's a snippit of a typical Monday night Connector Coaching call!



Tax Deductions - Home Offices Offer Many
This Podcast is an example of what we provide in our weekly wealth coaching calls. For example, you can't deduct your home as a residence. But...  If you meet the office rules requirements, you can deduct a portion of the home. The home office deduction is available only to the extent that your dwelling is used exclusively on a regular basis as one of the following - its either your principle place of business, a place of business that you use to meet and deal with patients, clients or customers in the course of normal trade of your business.

Some people think I'm strange but I love learning about tax deductions. Why? Well, it's money in my pocket and it allows me to teach people how to keep more of their hard-earned money.

Retirement planning and wealth building are easier when you have a wealth building strategy and a commitment to building financial freedom. And... reducing those taxes doesn't mean you need a second job or have to work harder it just means you need to be a little smarter with what you already have!

Now, to keep the legal beagles happy remember....

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.


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.

Does your plan for retirement include you being there, fit and fine? I got a lot of feedback from my students yesterday on a few of my simple wealth building, health building tips so I thought I would add a few more.

If you want to see your retirement planning efforts pay off then you've got to take care of yourself in the meantime! We always talk about estate planning, establishing asset protection strategies and creating wealth in a tax-advantaged environment but we don't always talk a lot about our health!

You need to be strong and healthy to enjoy the fruits of your financial labor! Here are a few more health tips/wealth tips that we all need to be practicing by the time the retirement planning process ends and the retirement living begins!

Breathe to Achieve!
Too many of us live on caffeine while operating on high stress and low energy but the truth is, you’ll achieve more when your stress level is low and your energy is high. By learning to calm your nerves with focused breathing throughout the day you’ll have more energy, a lot more fun, and maybe make a lot more mun!

•    Let go of stress before a meeting starts by asking everyone to take just a minute or two to close their eyes, relax, and concentrate on relaxed breathing. Do the same thing for yourself when you are alone and about to start the next project.

•    "Slow down and breathe" is not a metaphor. Actually slowing down and taking a few extra deep breaths every hour refreshes the mind and re-energizes the body.

•    Be aware of your breathing throughout the day and actually focus your breathing on "inhaling all that is good" and "exhaling all that is not."

Manage the Snack Attack
Snarf down some donuts and coffee and you’ll be flying high for an hour or two but unless you get another sugar fix soon, you’ll hit the wall hard! Having balanced energy throughout the day assures higher productivity, more pleasant communications, and a lot less stress! Here are some snacking tips to keep your energy up and the stress levels down:

•    A great snack in between meals is a combination of raw or dry roasted nuts (for protein) and some fresh fruit (for healthy carbohydrates and natural sugars). It might be an apple, walnuts and light cottage cheese or non-fat low-sugar yogurt.

•    Avoid so called energy bars on the market that boost energy with massive sugars, artery clogging fats, and excessive carbohydrates. Avoid snack bars that use sugar alcohols. Sugar alcohols are a major reason many people cannot stomach most energy bars on the market today.

•    Make sure your snacks are tasty and enjoyable. Keep healthy snack options convenient and available at all times so you make healthy choices. Carry only snacks that include a balance of high quality proteins, healthy fats, and energy enhancing carbohydrates. The best snacks are natural. Fruits, nuts, and veggies!

There is no time like the present to implement a plan for change! If you are planning your retirement and haven't included your health maintenance strategy, this might be a good day to start!

Wealth without health is not that much fun!

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!

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.

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.

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.

An ACTIVE investor is someone that jumps out of bed every morning, excited about making multi-million dollar deals. She has no problems signing her name to a multi-million loan, risking the bank, and doing whatever it takes to make deals happen.

A PASSIVE investor on the other hand is someone that wants to enjoy life. He wants to travel the world and explore. She wants to be wealthy so that he or she can be sitting on a beach in Hawaii and totally enjoying her life.

Rich as Donald Trump
A PASSIVE investor may not care to be as rich as Donald Trump but she wants to be wealthy enough not to have to worry about bills or dealing with a boss or a job or a daily commute to the office. Sounds pretty clear, right? Maybe.

It might seem like a difficult thing to decide whether you want to be ACTIVE or PASSIVE. We found many people almost “brainwashed” into being ACTIVE when subconsciously they want to be PASSIVE investors. We all see the infomercials and other marketing gurus and we feel compelled to go in that direction. But many people simply do not know all the requirements of being an active investor.

Real Estate Investing - Easy Money?
Jumping into real estate investing and becoming a landlord to a handful of tenants doesn't sound that tough but it is very far from PASSIVE investing. On the other hand, PASSIVE investing, when done properly, still requires some effort. The effort to explore, analyze, and dissect the business or investment opportunity requires time, energy, and yes, even money before the fruits of PASSIVE investing come to fruition. There is always some investment required for a return.

Deciding whether or not you want to be an ACTIVE or PASSIVE investor should not take place in a vacuum. You don't finish reading my little blog post here and decide one way or another. Due diligence is required on yourself! Learning how you like to invest, what you like to do with your time and where your passion lies will help you make the right decision for ACTIVE or PASSIVE approaches to investing.

You - As an Investment Tool
One of the tools we use to help our clients decide their investment style is a personality profile. I can't go into too much detail here but each and every one of us has strengths, weaknesses, and very predictable tendencies we use to solve problems, make decisions, and organize our life. Once you are clear about how those unconscious or conscious actions occur, you can more easily identify which approach to business or investing is most likely to work for you.

Wealth Training - One Phone Call Away
Whether you are planning for retirement, just looking to capitalize on tax savings interest or searching for total financial freedom, you might enjoy joining our Connector Program. It's an entry level wealth coaching program that teaches you the fundamentals of finance, investing, and all aspects of creating wealth.

So, before you decide to become a PASSIVE or an ACTIVE investor, give me a call or drop me a note!

Have a prosperous day.

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

P.S. Whether 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. For more wealth building tips, visit my business partner's blog, www.GeorgeAntoneBlog.com.

Earlier this year I posted blog about a few of the financial principles that I thought were so important. After seeing the chaos in the public meetings about our health care system and the politics of that whole process, it reminded me that all of us need to do a better job of taking care of ourselves with diet, nutrition, and exercise so we can minimize time in the health care system, andddddddddddddd…

Building Financial Wealth/Health
We need to do the same thing with our financial well being. We can talk about planning for retirement, tax strategies, passive income tactics and the like but most wealth creation begins in that gray matter between your ears. So here's a quick review.

Give yourself a wealth building checkup on these three critical wealth-health principles to see how you are doing.

1. Financial Attitude: Our Financial Attitude is that wealth building is a mindset – Make the decision right now to be wealthy. Then build your education, your self-talk, your team, and your financial systems around you to support that decision. All of us are looking for those killer making extra money ideas but they are all meaningless without the right financial attitude.

2. Financial Aptitude: Your earning power is in direct proportion to your learning power. And… the speed and ease at which you learn, your Financial Aptitude, is in direct proportion to your financial attitude.

Surround yourself with people of ability, knowledge, and integrity to learn from and grow with. No one gets wealthy alone. You don’t have time to make all the mistakes by yourself. Learn from others.

Whether you are developing a plan for retirement, trying to figure out how tax savings will effect your lifestyle, or just searching for more of those wealth building tips, start hanging out with people that are doing it not just talking about it.

3. Financial Gratitude: Financial greatness comes with financial gratefulness. Embracing Financial Gratitude means you appreciate what you have, what you earn, and that you are willing to give back by helping those who have helped you and those who just need help. Wealth Classes is always offering wealth building programs, many at no charge.

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. And... for a free CD on money, wealth, and all things financial visit my business partner George Antone's site at www.WealthClasses.com.

Is it possible to recession proof your life? Possibly. It begins by learning more about wealth creation. Here are some of the things that will help recession proof your life and maintain some control on inflation, paying interest, insurance costs, and income tax.

1.    You have to have a business or investments

2.    You have to have business or investments that will produce passive income i.e. you earn regardless of what is happening

3.    You must be committed to doing whatever it takes to make it succeed

4.    You must dedicate a specific number of hours and financial resources to attainment of a successful plan

5.    You must have a plan

6.    You must get in the mindset of a champion. They don’t focus on what they can’t do they focus on what they can do. They continually look for ways for incremental improvements to bring them closer to the goal that they so dearly want.

7.    You must have coaches and mentors help you achieve that which you dream of.

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.