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January 3rd, 2013

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Money Saving Ideas for the Holidays

December 6th, 2012

Are you feeling a little stressed with the holiday season coming up and wondering how you will afford a nice Christmas without running up credit cards? Would you like to have some extra cash to take that nice getaway with your family? To help you have more money this holiday season, I’m providing some easy money saving tips below that I’ve tried and tested to help me free up $1,819/month in my own budget just in time for the holidays!

  1. (Consult an accountant before trying this) Increase your tax exemptions so they withhold little to no taxes. I used this one before where I would go tax exempt for a month or two so I wouldn’t lose half of my holiday bonus because of taxes. Most of us, if we pay taxes throughout the year, pay what we need to pay by September. Why not take more money home today rather than using it to pay off your credit card bill from Christmas where you got charged a few months worth of interest? As I said above though, since everyone’s situation is different, consult your accountant.
  2. Do our 5% Challenge. Look at your expenses and see if you can find ways to cut at least 5% from each area. For example, last month, I called up a competing internet company where I was able to save about $20/month and get faster internet speed. If you spend $5000 each month, this would mean you would strive to cut $250/month out of your budget. Wouldn’t that be great?
  3. Temporarily stop retirement plan contributions. Don’t pass up on some potentially wonderful memories with your family today for putting away only a few hundred dollars over the next month into a retirement plan that you may not even be alive to enjoy. It’s even worse if the stock market tanks. I’m not saying you don’t save for retirement, but there are some investments into those that you love most that you may be forgetting. If you tend to charge credit cards during the holidays, this could save your from having to pay higher interest rates than what you would earn in a retirement plan.
  4. Sell off your junk! Find a way to clean out that garage or storage shed while earning some extra cash by selling your junk. I’m sure your spouse will thank you and it will declutter your life. My wife and I made an extra $2000 one year just from cleaning out our house!
  5. Earn extra income. Now is usually a great time when stores need seasonal help, work some overtime by covering shifts, or by having a side business. If you only focus on decreasing your expenses, you’ve forgotten about the other half of the equation - increasing your income. Find ways where you can earn a little extra cash, whether it be temporary or permanent.
  6. Refinance or restructure loans. This is the main thing that allowed me to free up the majority of the $1,819/month and can be a lot of fun to do. With interest rates being low, you could end up refinancing some loans to get a better interest rate AND skip the next month’s payment! If you already have great interest rates or need the cash, you can also call your loan company (i.e. mortgage company, auto lender, student loan lender, etc.) and ask to skip a month or two payments on your loans. They will often allow you to extend your loan terms which could give you extra cash for the holidays or pay off a credit card faster.
  7. Make minimum payments on loans this month. So often, I see people try to apply extra payments to all of their loans. First off, it’s a slow and depressing way to pay off your debts. Second, you should only focus it on one loan at a time. Why not pay minimums temporarily to ensure you don’t have to charge a credit card later? Spending just one or two months paying minimum payments will not destroy your ability to become financially free. Ironically, I watch more people become frustrated because they applied too much to their loans (especially the lower interest loans) and then have to charge up their high interest credit cards. As a result, they feel frustrated that their debt acts like a rubber band - always shrinking and expanding.

Try these out and leave a comment about how much you were able to free up this holiday season. Also, what other ways were you able to free up cash?

To get our “7 Secrets to Free Up Cash Today,” click HERE!

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How Will This Election Affect Our Economy Over the Next 4 Years?

November 7th, 2012

Many are probably asking themselves, “What affect will Obama getting re-elected have on our economy over the next 4 years?” One side might ask, “It should get better, right? How can it not get better?” While another opinion might ask, “Are we doomed to repeat another recession and just move to Canada?”

My answer is the same as it was 4 years ago when many of my friends thought the end of the world was coming - The economy will struggle regardless who’s in office. Even if Romney were elected, he would be blamed for the coming recession…and then blame it on Obama. Sound like a familiar story ;)  Regardless of who’s in office, and although there will be some law changes, it’s largely not up to them to help our economy. The responsibility is, and always has been, ours!

Let me explain further. Each of us has control over “our own economy.” Several years ago, I was actually struggling financially when everyone else seemed to prosper. I remember being so desperate at one point, that I went out on a bitterly cold late-November evening after midnight looking for change under drive-thru windows. On the other hand, I financially prospered during the “Great Recession.” I know what it’s like to have my own set of unique circumstances.

Each of us determine our own destiny, but have forgotten that it’s up to us, not some random politician. In the general economy, there will be times of recession and times of prosperity. The good news is that we can prosper during good times or bad because we have control over our own lives. If you feel like you don’t have control, I recommend finding ways to take it back. It might require more education. It might require starting a new business. It will definitely require a new way of thinking - that YOU are the hero of your story, NOT the victim. It’s YOUR life, not Obama’s or Romney’s. You, and you alone, are responsible for your life.

To sum it up, the good news is that this election will do nothing for your “personal economy.” The reality is that many people will be suffering financially over the next 4 years…or more. But it doesn’t have to be you. Your life and your prosperity is yours to control. As Russell Crowe’s character said in the movie “Cinderella Man” speaking about how the Great Depression affected his family, “At least in the ring, I know what’s hitting me.” Like Jimmy Braddock, you can’t control what’s happening in the world by yourself, but you can take control of YOUR life.

Join me as someone who is not going to give excuses, but will execute. Someone who will take responsibility and prosper when the rest of the world blames governments, their families, their upbringing, circumstances, and anything else but where the real problem lies. Let’s work together to make the next 4 years our best yet!

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Chris Miles Interview on the David Holland Show

October 11th, 2012

Hear Chris Miles’ interview with financial planner and radio show host, David Holland, discuss some easy tips to find your money leaks and what you can do about it. Fun interview, but man, do they have a lot of commercials! ;)

For even more tips on this subject and more, subscribe to our FREE weekly money tips!

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How Do Reverse Mortgages Improve Cash Flow at Retirement?

October 4th, 2012

What are reverse mortgages, how do they work, and how can they make the difference between living in poverty or living free in retirement? Chris Miles invites guest, Mark Hammond, to explain how retirees can “have their cake and eat it too” by living in their home that actually provides cash for them to live on.

Listen to learn how this tool can be the difference between living poorly off the government, running out of money, & losing your home, or keeping your home and living worry-free in retirement!

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Most Destructive Cause of Financial Troubles

September 6th, 2012

What’s the biggest reason people hit hard times financially? What could be keeping you from having more financial freedom, time with the family, and the life you always wanted? Who’s to blame?

Chris Miles and Dale Clarke unveil the #1 destroyer of all wealth in the world. It’s not the government, big business, your boss, or even aliens. It’s our scarcity beliefs!!! The good (and bad) news is that we are to blame and can overcome these limiting beliefs that destroy dreams and shape a negative reality.

Learn how scarcity could be causing you to not see money that’s available to you, costing you thousands of dollars in your business, and how you can change your life today! Listen to hear more!

Click HERE if you would want our free weekly money tips to help you further!

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3 Easy & Fast Ways to Get More Organized With Your Money

August 30th, 2012

Do you ever feel like it’s hard to get organized with your money? Do you and your spouse have difficulty getting on the same page with your finances? What’s a simple system that you can use to get more organized in less than 15 minutes per week? Chris Miles and Dale Clarke offer 3 simple and fast solutions to get more organized with your money right now. They are:

  1. Commit to It!
  2. Track Your Money
  3. Use Easy Tools

Learn how you can get a better grip of your money, find more money each month, and take control of your financial life. Listen now!

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3 Easy Things You Can Do When There’s Not Enough Money?

August 23rd, 2012

What can you do when there’s too much month at the end of the money? Do you want to save more money or pay off debt faster but feel like you can’t? In this essential podcast, Chris Miles and Dale Clarke give you 3 simple things you can do right now:

  1. Track Your Money
  2. Produce More Value
  3. Consult with an Expert

Listen here to get more details about how you can start putting more money in your pocket today!

Subscribe HERE if you would like to receive our free weekly money tips!

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3 Biggest Retirement Myths

August 9th, 2012

Chris Miles and Dale Clarke expose three of the biggest retirement myths that keeps people from having the retirement they hope for. The myths are:

  1. The stock market averages 10%/yr
  2. It’s okay because my employer matches
  3. I just need to save 10% of my income

Learn what the reality is behind these myths and what can be done to make sure you don’t find out when it’s too late.

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Will Outsourcing Jobs Destroy Our Economy?

August 3rd, 2012

A big political debate among our presidential candidates is whether outsourcing jobs are bad for Americans or any economy. Chris Miles and Dale Clarke discuss what outsourcing does to an economy, and more importantly, what you can do to prevent from being a casualty of downsizing due to outsourcing.

After listening, what are your thoughts?

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