25
Jul
2010
20 Reasons You Need Cashgiftingperfected.com
20 Reasons you need cash gifting
Top Ten Things People Want
1. You want to get a high paying job — to start your own business — to invest in the stock market — to make more money from your business or website — to do things that will make you feel successful!
2. You want to save money– to invest your money — to save for a big purchase — to feel more secure about your future. Use money extra home job
3. You want to save time. You want to work less and spend more time enjoying life’s pleasures.
4. You want to look better — to lose weight — to tone your body — to improve your facial features — to feel more attractive to others.
5. You want to learn something new — to learn something new that really works and will make your life better — that will make you feel smart because you did it all on your own!
6. You want you and your children to live longer — to get in shape — eat better — gain extra energy — to look and feel healthier.
7. You want to be comfortable — to be free of your common aches and pains — to sleep more comfortably.
8. You don’t want to be lonely — you want to be loved — to start dating again — to feel wanted.
9. You want to be popular — to be more popular — to be a famous celebrity — to feel praised and admired.
10. You want to gain pleasure — to satisfy your appetite and desires — to feel more fulfilled.
Ten Things to Do With the extra money you will make with abundant living
1. Start or increase your emergency fund. Am emergency fund is there to help you cover expenses when some unplanned event interrupts your income stream, and the best emergency fund is tiered.
2. Open a high-yield savings account. Set aside the $1,000 for a future spending goal, like a vacation or a new car. Keeping this money investing as much as possible while still “liquid” will allow you to access the cash when the time is right.
3. Send $1,000 directly to your credit card with the highest interest rate. If you have credit card debt, sending an extra payment of $1,000 will save you lots of interest down the road. This isn’t a very exciting option, because it’s hard to “feel” the benefit of saved expenses over time, but it is worthwhile.
4. Pay off your mortgage faster. If you own a home, it’s likely you also have a mortgage. If your lender doesn’t penalize you, consider sending $1,000 as an extra payment. Many people have goals to be debt-free. A mortgage is debt, so any debt reduction plan must consider the mortgage.
5. Reduce your student loan debt. This month, I again increased my monthly payment to my student loan debt. This student loan is currently the only debt I have, and I no longer qualify for a tax reduction for paying student loan interest. It is in my best interest to get rid of this debt as soon as possible. An extra $1,000 can make a significant dent in my student loan, and it might for you, as well.
6. Invest in a Roth IRA. If your income doesn’t disqualify you, you can invest up to $5,000 in a Roth IRA. This type of account allows you to take advantage of low tax rates today. The earnings on the money invested will grow tax-free, and you’ll be able to withdraw your earnings without penalty after you’re 59.5 years old.
7. Invest in the total stock market. Whether or not you have investments, the Vanguard Total Stock Market Index (VTSMX) is a good option for long-term investing. This low-cost index fund tracks the stock market index, which is one of the best possible investments over time. Many people try to beat the performance of this index and most fail. In order to qualify for the investment, you will need to invest a minimum of $3,000, so you may need to use your new $1,000 to help save for your initial investment.
8. Invest in your children’s education. If you have children and you want as many educational opportunities available to them as possible, you may want to consider a 529 college savings plan. 529 plans are run by states and offer some tax incentives when the investments are used for education-related expenses.
9. Give the $1,000 to a cause with importance and meaning to you. Tax deductions should only be considered an ancillary benefit rather than the primary driver for contributing to a non-profit organization. Finding an unexpected $1,000 creates a perfect opportunity for sharing your good fortune with those who need it more than you.
10. If you’re in a good shape from a financial perspective, don’t neglect yourself and your family. While buying things might not affect your long-term happiness, deprivation of things that make you happy in the short-term can increase long-term frustration.
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