10 years Old, Fast Growing, Debt Free, Technology Driven Company based in Atlanta, GA Mission: Personal Financial Success Personal Financial Success is.

Slides:



Advertisements
Similar presentations
Preparing Your Taxes #3.
Advertisements

Chapter 4 Managing Income Taxes. Copyright © Houghton Mifflin Company. All rights reserved.4 | 2 Explain the nature of progressive income taxes and the.
MBAO Executive Compensation Executive Retirement Benefits Purpose of Retirement Benefits Income replacement at retirement Maintain standard of living.
Success is no longer a dream… It’s your destiny! 1.
TAX LAW UPDATE: ITS IMPACT & PLANNING FOR 2012 AND THE FUTURE The Guru Tax & Financial Services, Inc. Satya B. Mitra Ph.D., E.A., CFP ®
Chapter 8 Income and Taxes.
Brought to You By: TRAINING For agent use only. Terms and Conditions Apply. © Copyright –DMI 2014 Social Security Simplified Presented by: Damon La Tanzi.
TAXES By Stevie VanDeVelde.
Planning Your Tax Strategy Personal Financial Planning Name_____________________.
Lesson 16 Investing for Retirement. Key Terms  401(k) Plan  Annuity  Defined-Benefit Plan  Defined- Contribution Plan  Employer- Sponsored Retirement.
Personal Finance Garman/Forgue Ninth Edition
Business Math 2.3 Federal Income Taxes.
1 Personal Financial Planning Chapter 1, Financial Planning Process.
1. FIA is a One-Stop Financial Center, helping people take charge of their family’s future. 2 FIA helps bring Equity Indexed Products to middle America.
Paying/Filing Income Tax. Two Things You Must Do In Life Die and pay taxes Tax system relies on voluntary compliance IRS (Internal Revenue Service)
Tax Planning and Strategies
Understanding Income Taxes: Federal, State, and Local.
Building Bucks Taxes and Tax Credits. Take advantage of tax deductions and incentives – Earned Income Tax Credit (EITC) – Child Tax Credit (CTC) Refund.
Personal Income Tax Mary B Pearson, CPA Assistant Professor of Accounting.
Tax Preparation Financial Literacy.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 16 SLIDE Personal Financial Statements Budgeting.
5.2. What’s a tax return?  Simply put, this is a set of forms to help you calculate your tax obligation. Note: Not everyone must file a tax return. If.
Form No CA (0905) JL Waite Financial Group.
Success is no longer a dream… It’s your destiny! 1.
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 16 SLIDE Personal Financial Statements Budgeting.
Welcome. Workshop Objectives Introduce Introduce Educate Educate Illustrate Illustrate.
Chapter 2, Sec. 2-2 Federal Income Taxes.
Money Management Strategy
FIRST LOOK.
How the Tax Code Affects Planning for Individual Taxpayers Armond Dinverno, JD, CPA, CFP Co-President Balasa Dinverno & Foltz LLC Itasca, IL President’s.
© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
1 GENTS INVESTMENT GROUP “ An Incredible Opportunity ”
Copyright © 2008 Pearson Education Canada 8-1 Chapter 8 Saving and Investing.
Minimizing Taxes. Reducing Taxable Income (Before AGI)  Retirement 401(k) - Offered through employer & IRA - Individual Retirement Account  Contribute.
8 | 1 Chapter 12: Planning Your Tax Strategy Section 12.1 Income Tax Fundamentals  Today’s Agenda: 1.The importance of tax planning 2.How to identify.
Planning INFLATION- the general rise in price of goods and services (savings must exceed) You have to have a plan for retirement Years ago companies had.
 5.1 Taxes and Your Paycheck.  Payroll Tax  Income Tax  Federal Insurance Contribution Act (FICA)  Withholding  Gross Income  Net Income  Form.
DIRECT ORDER CONNECTION INC. A Financial Opportunity For Everyone Click the arrow or mouse button to advance.
DIRECT ORDER CONNECTION INC. A Financial Opportunity For Everyone.
Financial Literacy: Knowing What You Need To Know To Achieve Your Financial Goals.
Exemptions are claimed on your Form 1040 Tax Return. You are allowed one exemption for yourself, one for your spouse, and one for each qualifying dependent.
8.3 Paying Income Taxes 2 income tax responsibilities:  Complete a W-4 when you start a job.  (W-4 B4 start working)  File a tax return at least once.
Payroll Taxes (The part you earn but don’t get to take home!)
GOALS BUSINESS MATH© Thomson/South-WesternLesson 2.3Slide 1 2.3Federal Income Taxes Calculate adjusted gross income and taxable income Calculate the income.
8.3 Paying Income taxes “It’s death and taxes here to see you. Taxes wants to come in first.”
DIRECT ORDER CONNECTION INC. A Financial Opportunity For Everyone.
Taxes. The Federal Government Dollar – Where it Comes From.
Keeping Records and Paying Taxes. Organizing Your Financial Records Financial records documents such as bank statements, motor vehicle titles, insurance.
Taxes. 5.1 – Taxes and Your Paycheck Payroll taxes Based on earnings Paid to government by you and employer Income taxes You pay on income you receive.
What would life be like without a mortgage, no credit card or store debt? Would you live with a little less stress? Would you take more vacations, spend.
HOW MUCH OF YOUR INCOME WILL YOU KEEP? TAXES. PAYROLL TAXES The federal government receives the largest part of its revenue from payroll taxes. Placed.
1 Income Tax Facts Federal and state income taxes will have a major impact on your life, beginning with your first year of residency. Consider the following:
CEE Fund Introduction to Tax Planning Or “Keeping More of What You Earn”
It’s your Money! How to make your tax refund work for you!
© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
W4 Tax Form. When Do You Get a W-4 Form? for new employment, starting a new job.
McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Principles of Taxation Chapter 15 Investment and Personal Financial Planning.
GETTING PAID WHERE DOES MY MONEY GO?. PAY CHECK DEDUCTIONS Deductions Video What is the difference between gross and net income? What are state taxes.
Discuss the purpose of taxes and different types of taxes in the United States. Describe components of the U.S. tax system. Define Tax vocabulary Identify.
Personal Finance Life Skills Preparing for a financially secure future.
$henergize YOUR Economy The 2 – 4 – 3 Approach To Creating Wealth for a Lifetime!
Chapter 3 Taxes in Your Financial Plan McGraw-Hill/Irwin
Taxes Objective: SWBAT evaluate the basics about taxes
The Personal Financial Success Company
The Personal Financial Success Company
The Personal Financial Success Company
The Personal Financial Success Company
Freedom Financial Advantage, LLC
Presentation transcript:

10 years Old, Fast Growing, Debt Free, Technology Driven Company based in Atlanta, GA Mission: Personal Financial Success Personal Financial Success is simply having enough cash flow to support your lifestyle during your working years as well as your retirement years Company and Mission

Personal Financial Success Income from your working years comes from your job or your business; Income from your retirement years comes from your assets and investments If you desire $50,000 annually during retirement…you will need at least $500,000 in your retirement fund That’s at least 10 times the amount of desired income Income producing asset ROI 8-10%

Four Major Obstacles Limited income and inflation Taxes High Debt Lack of financial strategies

Obstacle: Limited Income and Inflation Silent income killers Battle of the buck $15,000 in 1974 has the same buying power as $70,000 does today

Obstacle: High Taxes Americans spend much of their adult lives paying taxes in various forms. We should end this practice of paying a tax that is triggered on by debt. (Jennifer Dunn)

Obstacle: Debt & Lack of Financial Strategies Lack of financial strategies Are you in the Rat Race? Many People Lose Thousands of Dollars Annually Paying Interest on Debt

Our Solution Personal Financial Success System 3 Smart Cash Flow Strategies Minimize Taxes (Instant Pay Raise) Generate Business Income Asset Accumulation

Minimize Taxes Strategy 80% of all employees have too much money withheld from their paycheck Americans lose about 1/3 of their income to taxes. Solution:

Exemptions are claimed on your Form 1040 Tax Return. You are allowed one exemption for yourself, one for your spouse, and one for each qualifying dependent Allowances are claimed on your Form W4. The purpose of Form W-4 is to assist your employer with estimating the appropriate amount to withhold from your paycheck Exemptions vs Withholding Allowances

6 6 For Educational and Illustrative Purposes only

Pumping Up Your Take-Home Pay This table shows APPROXIMATELY, how much a family earning $70,000/year, filing MFJ, with 3 children claiming ZERO allowances on their Form W-4 will give to the GOVERNMENT…interest free For Educational and Illustrative Purposes only W4 with 0 allowances = $694/month =$8,328 Per Year

Example based on a married couple filing jointly with three children COUPLE # 1COUPLE # 2COUPLE # 3 Primary Job$70,000 Primary Job$70,000Primary Job$70,000 *1040 Deductions-$32,600Part-Time Job$12,000Part-Time Business$12,000 Total Income$82,000Total Income$82,000 *Total 1040 Deductions-$32,600*Total 1040 Deductions-$32,600 $49,400 Total Business Deductions-$25,000 TAXABLE INCOME$37,400TAXABLE INCOME$49,400TAXABLE INCOME$24,400 *Total 1040 Deductions include a Standard Deduction of $12,600 + $20,000 ($4,000 x 5 exemption) $32,600. These numbers change annually. ADDITIONAL DEDUCTIONS FROM HOME-BASED BUSINESS Car/Truck$5,475Wages$4,700Business Gifts$25 Communication$1,500Medical Reimbursement$750General Business Expenses$1,000 Meals$2,000Travel$2,050Auto Interest$500 Entertainment$1,500Depreciation$1,000Tax Deductible Investments$4,500 Business Tax Deduction Advantage W-2 Employees vs Home-Based Business Owners For Educational and Illustrative Purposes only

Annual Mortgage $1,775($21,300) – (Interest ($14,000) / Taxes ($2,500) = $16,500 Tithes = $2,000 Business Income $12,000 Charity = $499 - Business Expenses $25,000 = $18,999 = ($13,000)

Pumping Up Your Take-Home Pay This table shows APPROXIMATELY, how much a family earning $70,000/year, filing MFJ, with 3 children paychecks will INCREASE with each extra allowance they claim on their Form W4. For Educational and Illustrative Purposes only Old W4 (0 allowances ) = $694 New W4 (16 allowances) = $800 $50 x 16 allowance = $800/ Month Pay Increase of $9,600 Per Year

$500 per month x 12 = $6,000 Savings per year Instant Pay Raise From Employer

Minimize Taxes Strategy IRS urges employees to maximize their Take Home Pay and use it for Investment or Debt Elimination

Minimize Taxes Strategy

IRS requires business owners to maintain good records Work smarter NOT harder Our Online Record Keeping Software

Computer Tablet Smartphone Receipt Capture Enter Income and Expenses Build Wealth via Cash Flow Manager!

Business CashFlow Manager: John Sample

Debt Elimination

Business Income Strategy Our Business Income Strategy is essential because millions of people want more income and simply cannot get a significant pay raise on their job. myEcon provides all Associates with a World Class Business System, which includes…

Personalized Website

OVER ONE MILLION PRODUCTS AVAILABLE

Start earning Income Online instantly? World Class Compensation Plan

Unlimited Income As an Marketing Director: Earn $25 each on the first 2 Marketing Director (MD) you personally enroll. Automatically promoted to Executive Vice President (EVP) As an Executive Vice President: Earn $50 each on each Marketing Director (MD) you personally enroll in your base shop and $25 to infinity for those you don’t

Earn an additional $1,000 bonus each time you enroll 7 new Marketing Directors enroll in your Base Shop (must meet $5.00 CV requirement) $50 $350 + $1,000 = $1,350 = $350 Unlimited Base Shop Bonus

Get Started Today

Passive Income Producing Assets (401K, stocks, bonds, annuities, real estate etc) Financial Stability Greater Lifestyle Choices Financial Freedom Retirement Freedom Cash-Asset-Cash Concept Asset Accumulation Strategy

What Makes Us Different? SALES VS STRATEGY

Training & Support: Offline Marketing

Conference Calls Training & Support: Offline Marketing Strategy Session DVD’s Webinars & Internet Marketing Systems

cntfinancial.com

Are You Ready to Get An Instant Pay Raise?