Millionaire Money Help The Millionaire Next Door The millionaire next door is a person who is frugal. He understands that wealth accumulation can be accomplished only by spending less than you earn. Living below your means is the surest way to become wealthy. Living the rich lifestyle you "deserve" and spending based upon future earnings potential is the surest way to ever increasing debt. A Penny Saved is (NOT) a Penny Earned Ben Franklin was right to say that "A penny saved is a penny earned." This was true until 1913. The Sixteenth Amendment to the Constitution passed in 1913 states: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census of enumeration." Now, with federal, state, and local income taxes, your money doesn't go as far as it did in Ben Franklin's day. About a third of your earned money goes to income taxes. To make a dollar of spendable money, you need to earn $1.50. The first 50¢ is removed by income taxes leaving only $1.00 for spending. So, today, Ben would have to say: "A dollar saved is a dollar and a half earned." You can see how budgeting, saving, and being frugal is much more important than it used to be. Making a Personal Budget A personal budget helps you take control your future. There are simple techniques to gain control over your finances. A personal budget is a money plan. Think of your family as a business. Every successful company has a budget. It's a plan involving income and expenses. To be financially successful, you need one too. A personal budget helps organize your money to achieve financial goals. It helps control your financial resources. Your personal budget will show how your money will be used for your benefit. A personal budget is really simple but powerful. To create a person budget for your financial success please visit Financial evaluation of your income and spending. Money Matters Now the Entrepreprneur Magazine Money Matters Show 100 Questions Every First Time Home Buyer Should Ask Part I Ilyce Glink, Personal Finance Expert Picture this - Your Dream Home....NOT! Part I Linda B. 100 Questions Every First Time Home Buyer Should Ask Part II Ilyce Glink, Personal Finance Expert Picture this - Your Dream Home....NOT! Part I Linda B. Free Resource Now you CAN Get Credit Card Debt Help! Here is your FREE credit card debt eBook when you subscribe to our Credit News and Tips newsletter. Learn how to end your credit card debt with this free eBook (valued at $27) You will learn: Why moving credit card balances to low interest credit cards can save you money (page 52) How to use consolidation loans wisely (page 50) The three ways to pay down your credit card balances and which is best for you (page 69) How you can make "interest" work for you (page 17) How advertising influences you to spend more money and what you can do about it (page 10) Why the rich get richer and the poor get poorer and how you can move to the rich side (page 17) How the "Can I afford the payments?" culture has changed the way you think about credit and debt (page 22) Why banks are not necessarily your friend (page 23) Why written goals will save you money and how you can start writing your own goals (page 30) The only type of plastic cards you should carry (page 35) How to live like a millionaire for less than you think (page 24) The importance of budgeting and making targeted spending goals with easy to follow examples (page 36) How to create a personal budget (page 61) How to contact your creditors to reduce your interest rates (page 74) What to watch out for with credit counselors (page 77) How you can earn more money than you do now (page 82) All the resources you need (page 104) ... and a whole lot more You Need this Free Credit Card Debt Help Resource Just sign up for our Credit News and Tips newsletter. Name Email Credit Card Debt Help Credit card debt questions and answers Learn the simple facts you need to know about credit card debt. Let the facts work for you. Are you worried over mounting bills? Here are the sure signs you have a credit card debt problem. Why are you paying so much high interest credit card debt? This is what you are being told that makes you willing to spend. Credit Reports Correcting mistakes today can help you tomorrow. Mortgage Refinancing Reduce high interest debts. Get lower interest rates today. Debt calculator How many months will it take to eliminate your debts? Get your guaranteed Mastercard--re-establish your credit Get guaranteed credit cards and use them wisely to re-establish good credit. Worry making you lose sleep? If you have a hard time sleeping at night, perhaps we can help. Why you spend so much Everyone else wants you to spend. What should YOU be thinking? Control your spending Start with a personal budget. Find out where you are financially and where you need to be. Consolidation Loans Reduce your interest payments AND get a tax break. Act now before interest rates increase. A big step is to get lower interest payments. Take two minutes to fill our our no obligation form. A debt counselor from a non-profit agency is waiting to help you. Eliminate that mountain of bills and cut interest payments by more than half. There is nothing to lose. Back to the main page of Credit Card Debt Help | Become Debt Free Credit Report Good Score Los Angeles Cash Advance Accounts In Credit Report Penalties For Committing Identity Theft Gas Prices Got You Down? Save 10¢ per gallon from now on! Buy Gas at a Discount Copyright © 2001-2009 by Robert Sherman All rights reserved. Privacy Policy