A Wealth Building Coach Can Create True Long-Lasting Wealth Now and Long Term!

Sunday, January 3, 2010 by Connector Coaching

 

Happy New Year 2010, How do you create, and sustain long term wealth?

True Wealth Building Coach Can Create True Long-Lasting Wealth Now and Long Term



Impossible you say, and where to you find one anyway? You would be surprised how simple it can be. Sometimes it is as easy as picking up the phone or visiting a web-site to start assembling information on who would be the perfect match for you.  Many of these coaches offer outstanding information on tax planning techniques, asset protection strategies, tax planning courses or even something as simple as basic saving money on your taxes. 

What else can you find? Some of the really great ones even offer a guarantee. More than that: the guarantee can be found to refund all monies if the same amount is not found via tax deductions not already utilized or some other wealth saving/producing strategy. How can you lose with that kind of guarantee?  It also speaks volumes about the credibility and knowledge base of that company and their coaches. 

 

A great place to start, but what next? Well, you should be asking as many questions as you want.  Think about what is critical for you to address first. Is it tax strategy? Long term fiscal planning, perhaps you want to make sure your investment properties are securely locked away from prying law suits.  Or, your income has become high enough that you need some extra special care and attention or the tax-man will be taking much more than you are comfortable with.

 

If you are a professional, doctor, or busy entrepreneur, the idea of finding a mentor, building enough of a rapport, and maintaining a long term relationship can be a taunting prospect, how ever, true Wealth Coaches will have results, and guarantees to back up the work.

 

How can a Wealth Coach really help me? Every person is different, every scenario is different, but there are the same basic templates and values that are attached to us all.  We all want to pay as little to the IRS as LEGALLY possible. We want our employees to be secure in their employment, we expect our family to benefit from our business acumen now and through old-age. We want also tax professionals, and accredited investors helping us with our day to day decisions. Guiding us on our path to ensure long term lasting wealth, and "peace" of mind.

 

The difference is in the application of knowledge to your specific situation: Once that template is created, a review of your personal picture is undertaken. Look to see if your prospective coach has a CPA on their team and perhaps even offers that they come on your first call, or perhaps are an integral part of your coaching experience. This kind of attention to detail really sorts out the good from the amazing and virtually guarantees all kinds of wealth flowing back into your pockets instead of out towards the tax-man.

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  

Or call 888-888-3612 and mention "wealth building strategy session" and Gabby Huguenin and Tim McGilberry, CPA will offer you a complimentary tax planning wealth building strategy session to see what will provide you with the solutions you deserve in this current economic climate!

 

 

High Net Worth Tax Planning for the Too Busy to do Tax Planning

Monday, October 26, 2009 by Gabby Huguenin
Hey Doctors! Thanks for the calls this weekend on my post about tax planning high income solutions for the medical professional. Asset protection for clinics, hospitals, and doctors is a very hot topic right now. Any tax planning needs to include a strategy for protecting your assets from those pocketbook preditors!

Review this video Podcast I did a few months ago about the tax planning techniques for doctors and dentists and double check your financial thinking!



Have a healthy and wealthy day!

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

P.S. If you're facing some tax challenges, cash flow issues, or need solid asset protection strategies give me a call! We have a number of powerful wealth building programs to help you in the process of building financial freedom.

Tax Planning for Doctors - Why a Wealth Team is Critical to Every Physician’s Retirement Plan

Saturday, October 24, 2009 by Gabby Huguenin
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!

Two Words You Don’t Want to See in Your Retirement Plan – “You’re Screwed!”

Friday, October 23, 2009 by Gabby Huguenin
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.