Wealth Building Guide

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.

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.

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.

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!

Control, control, control. It's one of the first things to learn in building financial freedom. Let's look at it from the banker's perspective. 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.

Risking Your Money, Not His
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 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. 

You Can't Have Unless You Don't Need it
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. 

Last in - First out
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 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?

Banker Gets His Money First
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. 

Watching how bankers operate should be the foundation for your wealth building guide. You must understand how a banker acts, thinks and profits in order begin building financial freedom. If a bank doesn't take risk and still makes a nice profit, why don't you just do what they do? Not that simple is it.

Wealth Building Strategy
That's why we encourage our student's to study and practice the wealth building principles that we've been using for years to help people build tax savings strategies and wealth building tactics that reduce risk and increase the likelihood of success.

Saving Tax Money
From tax reducing strategies to planning for retirement, understanding risk, control, and everything in between is what we teach at Wealth Classes.

Wealth Building California Style
For a free no-obligation wealth coaching session, just give me a call at 888-888-3612. Make sure and listen to some of my Podcasts below to learn more about building financial freedom.

Join us this Friday for our first online Infinite Wealth System workshop.

Have a prosperous day!

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

P.S. Wealth training takes time but it doesn't always take money. Want a free wealth training course? Visit www.WealthClasses.com.

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

FAQ
The nation's recession is forcing is all to look at our finances much closer. Financial education tools are extremely valuable when our wealth-building strategy is under fire. Here you will find answers to your frequently asked financial questions.

Tax-Advantaged Environment
To grow your money in a tax-advantaged environment you must follow a wealth-building guide that is logical and sustainable. You also have to be open-minded enough to listen carefully and then get yourself into the right network of advisors and experts who know the rules.

There are a few places you can do this and I will share with you details on creating total financial freedom in this financial education video Podcast. Here are two things you must have to start creating a tax-advantaged environment:

1. A checkbook controlled IRA (That means YOU are in charge)

2. The proper legal entity structure for protection and growth (So no one can take your hard-earned money!)

Listen to this condensed Podcast to learn more!




Whether you are planning your retirement, looking for wealth-building tips or searching for saving tax money tactics, check out www.WealthClasses.com for a list of FREE webinars, teleclasses and workshops.

One on one coaching is available by calling 888-888-3612.

Have a prosperous day!

Gabby

Many traditional wealth building strategies are just out of date and if you don’t have new information you are not only missing great financial opportunity you are risking what you already have.

There are four powerful financial tools that you must understand in order to win at building lifelong wealth. These tax savings, money making, security building tools are critical to your wealth training. I call them "The Four I's."

"The Four I’s"

• Interest
  
• Insurance
• Inflation
• Income Tax

An undeniable wealth principle is this. Either you have The Four I's working for you or you have The Four I's working against you. There is no other way. Most Americans fall victim to The Four I's.  If you want total financial freedom, you'll read with me each day as we go through the blessings and messings of each of The Four I's. This would be a good time to join our RSS feed.

I grew up in around wealth and in that process have come to really understand and appreciate the power of financial knowledge and mentorship. The financial education tools we have in our school systems fall short of teaching us wealth principles that we can take to the bank. So, thank you for being here and taking charge of your financial life! I would be honored to mentor you through my blog, a one-on-one coaching program or any of our wealth building courses or products.

Here's a FREE gift for you. We've never done this before but we are about to have our first ever three-day workshop offered at absolutely no charge. We will not allow anyone in without reservations and seats are already filling up so make your reservation FAST! This is the same high quality, powerful workshop we've offered before but this time it's free.

The Infinite Wealth System workshop will help you in:

• Planning your retirement
• Saving tax money
  
• Creating a wealth building strategy
  
• Getting out of debt fast
  
• Learning how to become your own bank
  
• Building financial freedom

It is taught by myself, my business partner George Antone and some of the best financial minds in the industry. You cannot lose. There is no pressure, no charge at all, just get there and absorb the wealth building info. Start saving tax money for someone besides Uncle Sam! Let this FREE workshop be your wealth building guide.

I guarantee you this is a powerful financial class. You will walk out of there with a ton of wealth building ideas you never heard before. Enjoy a wealth seminar California style!

Call 888-888-3612 to reserve your seat.

Thanks for reading and have prosperous day!

Gabby

Have you given yourself the RAISE you deserve yet? Remember, RAISE stands for:

• R - RESPECT!  Respect your body, your mind, and your money
• A - ASSETS!  Learn what real assets are and why you must have them
• I - INITIATIVE!  Get off your fat assets and take action
• S - SYSTEMATIZE!  Systematize how you save, invest, and earn tax savings
• E - EMPOWERING!  Empower yourself with knowledge and the right people

E is for EMPOWERING
Today's post is the final element of getting your RAISE. E is for EMPOWERING! Doing all of the above is empowering. If you want to take charge of your financial life you need to learn more to earn more. If you want to give yourself a RAISE then empower yourself with financial learning! Earning is in direct proportion to your learning.

Planning Your Retirement is Empowering
This blog is like a wealth building guide for the wealth hungry! I am often amazed at people that complain about their finances yet refuse to do anything about it. I don't mean go rob a bank, I mean learn about tax savings and making extra money! Learn about wealth building programs that actually teach you how to keep more of what you make!

And... There's a Higher Purpose to Creating Wealth
The more wealth you create the more good you can create. One cannot share from an empty cup so creating wealth is not only important for you and your family but for your entire community. Sharing your wealth, sharing your knowledge, improves the lives of all of us. So, why not do yourself a big financial favor and give yourself a R.A.I.S.E. today!

Wealth Coaches Offer Financial Education Tools That Work
We have wealth coaches across the country who are ready to meet with you to design a specific wealth building strategy. They can offer you wealth building tips, teach you wealth principles, and give you the tools you need for building lifelong wealth. There is no charge or obligation to talk with one today. Drop us a note or give us a call.

And don't forget, we always offer FREE webinars and workshops. Please leave me a comment or give me a call. 888-888-3612.

Have a prosperous and empowered day!

Gabby


Learn more about our individual wealth coaching programs.