Tax Planning High Income People Should Think About

Thursday, October 29, 2009 by Gabby Huguenin
Watch my Podcast below on tax planning high income people should think about and then think about these two very powerful quotes!

"If I am through learning, I am through."
John Wooden, UCLA basketball coach

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

"WARNING! BE READY FOR RESULTS! Coach Gabby is a coach who takes action & expects results! Her mentoring has given us the tools to save taxes, create an estate that won't burden our children & protect us from others taking what we worked hard to achieve! She follows up her calls with action steps like no other coach we've had. Thanks Gabby!"
-- C Cripps

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.

Term Sheets as Part of your Wealth Building Strategy

Thursday, October 8, 2009 by Gabby Huguenin
First, a couple reminders. Nov 14 , 15, we're having IWS 2. This is our next level in the Infinite Wealth System. If you've been to another Infinite Wealth System workshop or taken our online course you are qualified to go to the next level of our wealth training programs. Visit www.wealthclasses.com and click on classes to learn more. 

One of the topics of our last Connector Coaching call is a critical part of any wealth building strategy. Term Sheets are legal documents that create a clear starting point for a business venture. Here is part of the definition from Wikipedia...

A term sheet is a bullet-point document outlining the material terms and conditions of a business agreement. After a Term Sheet has been "executed", it guides legal counsel in the preparation of a proposed "final agreement". It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement.

There are several major documents you need to be aware of before starting any company be it an LLC a C corp, a joint venture or whatever. You need to know what they are to keep yourself out of trouble and to make sure your business venture has a good shot at success.

There are a lot of legal issues around these documents and I'm not an attorney nor am I giving financial advice on this blog. All I want to emphasize today is that we just had a great educational call on term sheets and it reminded me of the power of planning.

The more time you put up front in the planning phase, the less time you'll need to get to the profitability phase. Term sheets are crucial so do your homework. If you want to learn more about starting your own business, launching a joint venture, or just reducing your taxes, find out how one of our wealth coaching programs can help!

Here's a Podcast video describing the various wealth coaching programs we offer.



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!



8 Banker's Rules They Never Break!

Friday, September 4, 2009 by Gabby Huguenin
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



Four Major Systems for Creating & Controlling Financial Freedom

Saturday, August 29, 2009 by Gabby Huguenin
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.

Saving Tax Money in a Flat World

Saturday, August 29, 2009 by Gabby Huguenin
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.

Are you an Active or Passive Investor? Are you Sure?

Friday, August 21, 2009 by Gabby Huguenin
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.


Bankers Never Invest and Never Risk - Control is the Name of the Game

Friday, July 24, 2009 by Gabby Huguenin
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.




Financial Freedom from $5,000? A Wealth Building Tip You Can Use Today

Wednesday, July 22, 2009 by Gabby Huguenin
There is a story that’s been told of the first European sailors to approach a small little tropical island where the natives had inhabited the island for hundreds of years, unexposed to the changes in other parts of the world. The sailors came across the blue waters on the wide open horizon where their presence must have been so obvious.


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

Hire Your Children - Cheap Labor or Wealth Building Strategy?

Saturday, July 18, 2009 by Gabby Huguenin
Can you see that future business man or women in your child's eyes? There are plenty of legitimate ways to bring your children into your wealth building strategy and give them a great business learning opportunity at the same time. With all of the wealth training and wealth coaching that I do one of the commonly overlooked tax savings tactics is to employ your children for the benefit of your family and your business.

Great Kids - Great Tax Deductions
In 2009 you can pay your child under 18 years of age up to $5700 which could be considered non-taxable income to you.  Hey, you were already going to give them the money anyway so why not pay them in a tax advantaged environment to keep a little more of that hard earned money in your pocket.

When structured properly, there are significant benefits to hiring your children through your company.

• Deduct what you pay them and turn it into nontaxable dollars
• Give them solid work experience
• Teach them respect for the money and how to manage it
• Teach children financial responsibility
• Teach the concept of building financial freedom early in life
• Once they qualify as employees they may receive additional benefits (which is more money you can deduct)

Here are some other benefits that can help you in building lifelong wealth:

•  Employee Gifts -You can give an employee $75 per year as a gift from the company whether it is for their birthday, Christmas or just to show them how much you appreciate the job they are doing. Children love these and it makes them work even harder. I mean who doesn't love a gift?
•  Snacks and Refreshments – Your employees need drinks and snacks to keep up their high levels of energy to get the work you need done. If your kids are employees this means them too! 
•  Supper Money – The IRS says that if your employees have to work later then usual on an occasional basis, your company can buy them dinner as an incentive to work those extra hours.
•  Travel – Now that they work for your company and you go on a business trip but want to take them, the company can pay for their travel too as long as you have some duties they need to help you with while on the trip.
•  Achievement Award – Need a way to write off those game stations that seem to need constant upgrading? Well the IRS lets your company give an Achievement award in the form of a tangible piece of property worth up to $400 per year for general achievements such as employee of the year, greatest team player etc… just one more incentive to keep those kids working harder.

Wealth Building Tips With a Family Twist
As with any tax saving plan or wealth building strategy, every individual is unique. Some of the ideas above may be perfect for you, some may not. The point is, when you know what to look for there are ample opportunities to reduce your tax liability and get more out of your business. The benefits of reducing your taxes are great but the benefits of seeing your children grow up with a clear sense of business and financial responsibility, is, oh, shall we use that great ad campaign motto again... PRICELESS!

Let me emphasize - every tax scenario is unique so the ideas I post here are just eye-openers! They may not work for everyone but everyone should know that these are legitimate ways to save on your taxes. There is no cost or obligation for you to call me and just chat about the various ways we can help you build wealth.

Learn more about creating a legacy of wealth in our upcoming online workshop - The Infinite Wealth System. Actually, you should bring your kids to the call!  It starts July 24th and you can participate from the comfort of your home!

Have a prosperous day!

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

Two Top Wealth Building Programs Reviewed

Friday, July 17, 2009 by Gabby Huguenin
On my website I have this quote:

"Humans make mistakes. That's one of the things
we do VERY well – without help of any kind."

In our struggle to uncover all the ways of making extra money there is never total financial freedom by going solo. Wealth building programs should be designed to help eliminate mistakes. That's what I focus on in our two prime coaching programs.

Financial mistakes carry big price tags.
The reverse is also true. Building financial freedom with a strong wealth building strategy is going to create some big rewards. Listen to this Podcast and learn how to stop leaving your financial success to chance.



Our two top wealth building programs for doctors, chiropractors, dentists and others in medical or medical related industries are the Renovator Program and the Perfector Program. If you are paying too much in taxes or just can't seem to find the time to create a long-term financial plan then make sure you listen to this Podcast!

In this Podcast we talk about Tax Advantaged Environments and the four keys to creating them. The four keys are:

1. Entity Structuring
2. Checkbook Controlled IRAs
3. The Banking System
4. Elite Family of Trusts

Financial success means different things to different people. What does financial success mean to you? What will that look like in 5 years? In 10? Building wealth is a team sport. Our team consists of accredited investors, certified master coaches, certified credentialed professionals such as CPA's, attorneys, and other GET-IT-DONE team members.

Contact us for a FREE STRATEGY SESSION and find out how to develop a wealth training and wealth creation strategy that will save you taxes and increase your revenues.

Have a prosperous day!

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

P.S. Don't miss our first ever, full blown online wealth building program starting July 24th.

Create Your Own Good Luck - Wealth Principles You can Bank on

Tuesday, July 7, 2009 by Gabby Huguenin
While my business partner, George Antone and myself were in the midst of preparing for another Infinite Wealth System workshop (this time it's online!), I was reminded that building lifelong wealth is not something that happens by accident. (Learn the Four I's of Financial Freedom)

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

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

Elbert Hubbard once said...

"The greatest mistake you can make in life is to be
continually fearing that you will make one."

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

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

Have a prosperous day!

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

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

Millionaire Mindset - Foundation to Building Financial Freedom

Monday, July 6, 2009 by Gabby Huguenin
As we prepare for the newest evolution of our popular Infinite Wealth System workshop I have to remind myself that so many people have forgotten the basics of building lifelong wealth. We all love hearing wealth building ideas but financial education tools must include more than a laundry list of money making ideas other people have used.

Wealth Classes is about building financial
wealth from the inside out.

 
We know that our beliefs drive our mindset and our mindset drives our success.

My challenge for you today is to learn, learn, learn, and then you'll earn. If you are ready for money to flow into your life then it is time to create your own "Wealth Engine." A wealth engine is a combination of tools, components, and fuel that will drive you toward financial freedom. Wealth Classes Coaching will give you the tools but you must provide all the fuels (time, energy, commitment).

We at Wealth Classes and Wealth Classes Coaching promise you this: If you follow the instructions in the wealth building lessons we deliver to you, and do exactly what we instruct you to, in less than 12 months you can be experiencing completely different results and see yourself as a completely different person. Next year at this time you'll be saying one of two things: "I'm glad I did" OR "I wish I did!" The choice is yours.

Times are tough right now for many, no doubt about it. And there are many individuals looking for a quick fix to their problems. But the truth of the matter is that it takes work and a commitment to do things differently if you expect new results.

You need to be in control of your finances: you need to know exactly where you are and where you want to go, and be ready to follow a specific road map to get you there.

The first step in building the long lasting wealth that you want is creating the Millionaire Mindset. Think about it - have you ever felt unstoppable? Or have you ever felt “inferior” or “not worthy?” Every day our mind engages in thousands of mental battles and is constantly changing: that’s how we are wired as humans.

Successful people can control their mindsets, making it work for them by simply feeding their minds thoughts that produce a positive outcome and speaking words that produce success and desired results.

The differentiating factor is that our core beliefs really drive our thinking and by controlling those beliefs you really are on your way to building your “Millionaire Mindset.” Sounds simple doesn’t it? Simple, and yet incredibly effective.

Our Beliefs Drive Our Mindset;
Our Mindset Drives Our Success

DO THIS! One simple wealth building assignment for today:

Follow this link and go to www.WealthClasses.com, download your free copy of "The Science of Getting Rich" and read 5 to 10 pages a day. Think about this: If you read just 10 pages a day on wealth building programs at the end of the year you would have read 3650 pages of money making, wealth building, action inspiring, life-changing stuff!

We'll talk more on this later but for right now just go get our FREE book and start your personal wealth training program today!

Don't forget, our Infinite Wealth System workshop is now online. If you didn't want to spend money on hotel or air fare, now is the time to get signed up for our powerful online workshop.

Have a prosperous day!

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

FAQ - What are The Four "I's" and A FREE Coaching Call - Another Podcast FAQ Answer!

Tuesday, June 30, 2009 by Wealth BUilding DNA FAQ
 I want to give you a free wealth coaching session but I have to admit, I'm a busy gal. So, only if you are serious about changing your financial life - drop me an email or give me a call. I have helped my clients save millions in taxes over the years and I would love to help you too.

I only take 10 to 20 clients each year for my one-on-one wealth training program. Your satisfaction is guaranteed so there is no risk. In the meantime, you should know a little more about the Four I's.  First of all, life insurance is more than a necessary evil. If you know what to look for it can be a powerful tool for leveraging your money.

When used consciously, the Four I's become financial tools to help you in building financial freedom. With the right structuring and the right wealth building programs you can reduce your taxes to a legal minimum... without fear of being audited.  After listening to this Podcast, tell me how you are going to change how you view The Four I's!




Wealth training takes time, energy and commitment. It's one thing to listen to all of our Podcasts and wealth building ideas but it still comes down to taking action. What is your action strategy to build lifelong wealth?

If there is anything I can do to help you on your way to financial freedom, drop me an email, leave me a comment right here or give me a call.


Have a prosperous day!
Gabby Huguenin
Wealth Coach
CEO Wealth Classes Coaching

Family That Learns Together Earns Together

Monday, June 15, 2009 by Client Comments
Wealthy people continue to learn and grow. On the other hand, poor people think they have all the answers. Their cynicism keeps them thinking small. Whether you are single, married with 10 kids or barely out of college, gather your family members or those important to you and support each other in learning about building financial freedom.

It doesn't matter whether you're developing a plan for retirement, working at saving tax money, or just looking for more effective financial education tools, we can help. Watch this brief video to see how this family is learning new wealth principles in our 3-day Infinite Wealth System workshop.



Wealth training begins with your own desire to improve your life. Watch all of our financial education videos and get inspired to create a wealth building strategy that will work for you and your family.

Find out when the next Infinite Wealth System workshop is at www.InfiniteWealthSystem.com or call me at 888-888-3612.

Have a prosperous day!

Gabby

By the way, we offer wealth building programs in many formats to fit your busy lives. Check out our schedule of financial webinars, financial teleclasses, and live wealth building programs taking place ever month. Visit www.WealthClassses.com for a wealth class near you!

Listen to a Wealthy Man's Advice About Wealth Coaching

Saturday, June 13, 2009 by Client Comments
If you want to make some extra money then you'll want to know why  this very wealthy man still goes to our workshops. He is the co-founder of Alta Vista, Hotels.com and many other highly successful businesses. Jeff Black shares an expert's point of view on our very popular Infinite Wealth System and the importance of wealth coaching!

Whether you are starting a business, planning for retirement or just looking for wealth building ideas, Jeff Black has experienced our wealth building programs and has attended our wealth classes and a variety of our wealth training events. Listen to what he has to say and then give me a call!




Have a prosperous day!

Gabby

Dentists Fills Financial Knowledge Cavity With Gold

Friday, June 12, 2009 by Client Comments
Dr. Heather Scorza can fill a cavity, pull a tooth or cap that chip faster than anyone but what they didn't teach her in dental school was how to create wealth or manage money. That's why she's now a graduate of the Infinite Wealth System workshop!

Now she knows how to eliminate debt fast and make extra money safely. She came to our wealth seminar California style and learned that unlike online investment classes, planning your retirement is not as simple as yanking a molar or two! (not that that's really all that simple either :-) ) 

Wealth building tips can be found all over the Internet but effective wealth building strategies often require a coach approach.  That's what I do.

See what my good dental friend has to say about our Infinite Wealth System workshops!






I work with the best minds in the wealth building business and we provide powerful tools that YOU can use on your own, as you like, and when you are ready. We are all about bringing wealth training to you in a manner that works for your lifestyle and skill level.

Whether it's online wealth building courses, live financial workshops, free money making Podcasts or any of our wealth building programs, we'll find a way to teach you how to start thinking, acting, and profiting like a banker.

Call 888-888-3612 to schedule a FREE no obligation consultation.
And... if you have a tooth ache, call Dr. Heather Scorza!

Have a prosperous day!

Gabby


FAQ - What Is A Recession-Proof Income Stream? Gabby's Podcast Answers

Friday, June 12, 2009 by Wealth BUilding DNA FAQ
FAQ
Face it. Online investment classes don't teach this. Most financial education tools out there on the Internet never talk about this. And, your typical ebook on Wealth Training for Dummies doesn't mention recession-proof income streams. So what is it? I'll tell you more in this brief Podcast.

Recession-Proof Income Streams
A recession-proof income stream is income that is not affected by the economy, inflation, income taxes or interest. Sounds like we could all use a little of that right now! Listen to this Podcast and pick up a few wealth building tips as we discuss the foundational aspects of building financial freedom starting with what you already have!




Do you want more specific wealth building ideas? Visit my business partner's blog, www.GeorgeAntoneBlog.com.  Tell him I sent you!


Have a prosperous day!

Gabby

5 Really Rich, Wealthy, Wise Reasons to Get to our Infininte Wealth System Workshop!

Thursday, June 11, 2009 by Client Comments
Wow! I can't believe I'm getting on a plane again today to head to San Jose for another chance to share wealth building ideas and help people begin to create their total financial freedom strategies at the Infinite Wealth System workshop!  This is a RECORD BREAKING event so far with more people registered for this three-day wealth building course than ever before.

Learn to Make and Keep Thousands Extra This Year
George Antone, me and a select team of wealth-building experts will be sharing some of the most powerful, innovative, saving tax money-kinda info you've ever seen. You'll learn how to recapture some of that 65% of your income that now flies out of your pocket in taxes and interest payments! You'll learn how to make extra money without having to compromise your lifestyle. And... you'll learn to have fun making money without having to get an extra job or holding garage sales every weekend :-).

If you can get to San Jose, CA, call or sign up right now because we will run out of space today and you must have a reservation. No walk ins on this one! It starts tomorrow morning! Listen to what some of our past students have had to say...




The Next Best Thing to Being There
If you can't physically get to San Jose, let us know if you are interested in our upcoming audio version of the workshop. It's in production now and it's going to be amazing. If you've never been to a wealth seminar California style then do what you can to get there but if you just can't swing it and you still want the proverbial making extra money ideas to add to your wealth training, get on our RSS feed or just drop us a note and we'll keep you up to date.

See you in San Jose!

Have a prosperous day!

Gabby

By the way, online investment classes are great, financial webinars are cool, and financial education videos are always helpful but if you need one-on-one coaching for you unique situation, call me at 888-888-3612.

Wealthy People are not Lucky People

Thursday, June 11, 2009 by Gabby Huguenin
While my business partner, George Antone and myself were in the midst of preparing for another Infinite Wealth System workshop (this time it's online!), I was reminded that building lifelong wealth is not something that happens by accident. (Learn the Four I's of Financial Freedom)

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

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

Elbert Hubbard once said...

"The greatest mistake you can make in life is to be
continually fearing that you will make one."

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

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

Have a prosperous day!

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

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

How to Take Advantage of the Four "I's"

Friday, June 5, 2009 by Gabby Huguenin
As I promised in an earlier post, I want to share more ideas on The Four "I's". I pointed out that if you are not familiar with The Four "I's" you are destined to be controlled by them... not a good thing when it comes to building lifelong wealth! Here are a few wealth-building tips in today's Podcast. Listen to see if you understand the power of The four I’s - Interest, Insurance, Inflation, and Income Tax.

Financial Education Tools
The way that you can take advantage of these high impact financial factors is to shift them to your favor. What do I mean by shift in your favor? Take income taxes for example. Income tax code is written in favor of the government first, then the business owner. Until you start to get that, you are at a disadvantage. The Four I's (when used consciously) become financial tools to help you in building financial freedom.



With the right structuring and the right wealth building programs you can reduce your taxes to a legal minimum... without fear of being audited. And speaking of fear, fear is one of the major issues I help people to deal with in our wealth coaching programs. After listening to this Podcast, tell me how you are going to change how you view The Four I's!

Wealth training takes time and commitment. If there is anything I can do to help you on your way to financial freedom, drop me an email, leave me a comment right here or give me a call.

Have a prosperous day!

Gabby