Impact & Wealth Building

 

 

Learn why “the steps that you take toward success” must have “real impact” in your life as you build wealth…

 

As you pursue your goals it is important that you make a real impact as you improve your management of your finances in all areas.

 

In the year 2025, many are not in position to thrive, and their only goal is to stay alive and survive until better days arrive.  Whether an optimistic or pessimistic view applies to you, you want to take steps that can have a real impact on your life and can move you forward in definite ways so that you can not only see–but also experience better days.

 

The real benefit of impactful information is in the execution or acting—not gaining the knowledge alone!

 

You must be determined to put into action what can really move you forward!  It is imperative that you have a clear understanding of what impacts you financially and you must know how you can use more effective steps to direct your actions toward your goals in a more efficient manner so that you are impacting what needs to occur to make your most pressing goals happen in real time!

 

The goal of TheWealthIncreaser.com is to get those who desire real wealth building success the knowledge that is needed in a timely manner so that they can operate daily with “more determination” and make wiser decisions as it relates to their finances throughout their lifetime!

 

In this discussion TheWealthIncreaser.com will take a deeper dive into how you can achieve more and present ways that you can make more of an impact toward achieving your wealth building goals so that you can “have a real opportunity” to achieve more in less time and live more abundantly in 2025 and beyond.

 

  • You must have a yearning to make an impact as it relates to your finances

In life we all have ambitions or goals that we want to achieve, and as far as financial planning is concerned, those ambitions or goals can be numerous.

 

You want to have an attitude of always reaching higher so that you can reach the goals that you desire.  By reaching higher you can operate at a higher level of excellence, (pun intended) and you can do so at this time if you are fully committed and you know the actions that you need to complete as you can now move to a new beat–if you are now ready to move to action appropriately so that it is the goals that you desire that you meet!

 

  • You must know the action steps that you need to take to make a real impact

The reason most people fail to achieve or reach many of their financial goals are that they often don’t know what steps they need to take to make it happen—or more importantly make it happen in as efficient a manner as possible.

 

You will soon be in position to avoid this pitfall that has hampered many over the years.  By setting meaningful goals and knowing the right steps to take to move toward achieving those goals you are properly preparing your heart and mind up for operating at a higher level of excellence and putting yourself in position to reach those significant goals!

 

Click on “the alphabets below”–to see the steps that you can take right now so that you can get started on operating daily at “peak performance” and achieve results that will show–so that you can better utilize information that will put you in the know.

 

A–Cash Flow Analysis

B—Credit  Analysis

C—Comprehensive Financial Analysis

 

  • You must put into action on a consistent basis the steps that will take you toward your goals with more impact

Your application of the steps mentioned above in a manner that is germane to your and your family’s financial future and most important goals are what will help you attain your goals in a more efficient manner.

 

By doing what needs to be done to help improve your finances you are showing discipline and a real desire to reach the goals that you are motivated to achieve.

 

By taking “impactful action steps” on a consistent basis you are showing that you truly believe, thereby setting yourself up for the success that you will soon achieve.

 

Isn’t it time you listen appropriately to your inner voice, learn more as it relates to effective money management that can lead to you reaching many, if not all your goals–so that you can show your true love to your family and others whom you associate with?

 

Isn’t it time you travel down a “road to success” that has fewer twists and turns–and know that narrow is the path that you travel, and abundance is the destination that you seek?

 

It is important that you plan on aggressively attacking your finances and you operate “impactfully” so that you won’t suffer from insecurity as you climb higher and higher towards what you truly desire.

 

When it comes to operating at a high level you want to make sure that the work that you put in proactively has a “real impact” as you must know at all times that it is you who must want to do so and it is you who MUST say GO!

 

You must be sincere in your desire to make a real impact on your finances and life in a better way, and if you are you will pursue your wealth building goals with a higher level of commitment–starting today!  In summary, to achieve at a level that will make a real impact you must have the desire to ignite your own fire inside so that when you achieve your goals, you can glide, and when you land you will know that you truly enjoyed your ride.

 

At all times you must realize that you control your destiny and the direction that you can take in your life.  Now is the time that you not only realize that, but you put action plans into effect so that you can achieve more and improve your score.

 

Did you know that you are:

 

Chosen by God to be anxious for nothing

Chosen by God to know that your daily thoughts mean something

Chosen by God to not be negatively stressed

Chosen by God to not operate with less

Chosen by God not to be a mess

Chosen by God to give it your very best

Adequately blessed by God to pass any test

 

All the best as you operate as “impactfully” as you can, and pursue unlimited wealth building and overall success…

 

Conclusion

 

In the same manner as the creator of TheWealthIncreaser.com was chosen by God to pursue and achieve goals that are not odd–so too can you use the inspiration that you receive to pursue the goals that you perceive and the goals that you were meant to receive, to make something big happen in your life–as you too are chosen by God to DO MORE and reach higher as you pursue your life purpose and other goals that you desire!

 

Isn’t it time that you become more proficient and more consistent in the management of your finances?

 

In 2025 and beyond you don’t have to live in strife if you at this time decide to take control of your financial life!

 

Although achieving your goals are not as easy as 1-2-3 or A-B-C, those goals that you really want to achieve can be conceptualized and brought into existence by you in a relatively straight-forward and timely manner if you apply the right approach.

 

However, it is your responsibility to expend the needed effort to put together a plan that can lead to lasting success for you and your family throughout your lifetime.

 

You no longer have to hesitate or wait and achieve your goals at a time that is late, if you make the decision to pursue more on this date!  Also, be sure to use humor and laughter as a major tool as you build wealth as that approach will play a major role in improving your mental health!

 

Always remember that nothing that you face in life is too hot to handle or too cold to hold!  Your goal is to get more income, cut expenses or do a combination of the two, if that is something that you need to do, and you are sincere about making your dreams come true.

 

You must do what is necessary to get moving toward what you need to make happen to create the right atmosphere to bring more into your life that is rewarding and uplifting while you are here on planet earth, and you must do so knowing your self-worth and have a sincere yearning to reach higher and definitely utilize the gifts that you were given at birth!

 

All the best as you make a major impact toward building true wealth, and put procrastination to rest as you get your life back on track, as you are now, or will soon be, in position to more aggressively attack…

 

 

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Employee Withholding & Wealth Building

Learn more about W-4 withholdings and how you can maximize your tax position…

 

As the new year and tax season advances, many have questions or concerns about their federal (and state) tax withholdings, and they want to know how they can more effectively manage those withholdings.

 

In this discussion TheWealthIncreaser.com will address how withholdings on income earned in the United States occur, so that you–or those whom you know can utilize the system to achieve more.

 

W-4 Employee’s Withholding Certificate

Your employer provides you the opportunity to elect withholding for income tax purposes upon hire, or upon request by you if you are a current employee.  That opportunity could allow you the chance to adjust withholding amounts by changing certain elections and/or having additional amounts withheld.

 

By adjusting with your withholding amounts, you can get to a point where you have a designated amount withheld so that you can get a refund or owe–or increase the amount of the refund or amount that you will owe the IRS.  Your withholding for the year would be displayed on your form W-2  that you get at tax time from your employer (usually in January or February).

 

Before 2020, you had to claim a certain number of withholding allowances on form W-4 (you could also pick zero).  The amount of federal income tax withheld from your paycheck was then based on how many allowances you claimed.  The more allowances that you claimed the less the IRS would withhold.  Prior to the change you could claim fewer allowances than what you were entitled to if you wanted to increase your withholding, but you couldn’t claim more allowances.

 

Allowances are no longer allowed on the new form that went into effect in 2020!

 

Generally, upon hire you would complete Form W-4 so that your employer could withhold the correct federal income tax from your pay based on what you desire.  If changes are needed, you can complete a new Form W-4 each year and particularly when your personal or financial situation changes.  Depending on the size of your employer, the process would be done through your Human Resources or Payroll department–or if a small operation through your manager or other designated individual(s).

 

Key factors since the arrival of the new form now include:

 

Step 1:  personal information (name, address, SSN) and Single, MFJ, or HOH election

 

Step 2: multiple jobs or spouse works election

Step 3: the number of qualifying children under age 17 multiplied by $2,000 and the number of dependents multiplied by $500 can be entered based on the amount calculated and if you plan on being eligible for other credits, the estimated amount can also be entered

Step 4:  other income, deductions and extra withholdings (key step for adjustment from your current withholding), and additionally if you expect to have other income such as interest, dividends, retirement income and/or you expect to itemize you can include extra withholdings based on your own situation

 

Step 5: you would sign and date

 

The IRS now offers a tax estimator that many find helpful when deciding on their withholding amounts.

 

Estimated Taxes

If you are self employed or have W-2 income you can elect to pay estimated taxes and if you choose this option, payments are expected to be paid to the IRS based on your income at intervals of April 15, June 15, September 15 and January 15 of the new year through the EFTPS (you set up online and in a week or so you will receive correspondence in the mail that allows you to finalize setup and start making payments) system or other arrangement that you can set up with the IRS that would allow you to make timely payments.

 

Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

 

Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.

 

You may have to pay estimated tax for the current year if your tax was more than zero in the prior year.  See the worksheet in Form 1040-ES, Estimated Tax for Individuals for more details on who must pay estimated tax.

 

You don’t have to pay estimated tax for the current year if you meet all three of the following conditions.

 

  • You had no tax liability for the prior year

 

  • You were a U.S. citizen or resident alien for the whole year

 

  • Your prior tax year covered a 12-month period

 

You had no tax liability for the prior year if your total tax was zero or you didn’t have to file an income tax return!

 

For additional information on how to figure your estimated tax, refer to Publication 505, Tax Withholding and Estimated Tax.

 

To figure your estimated tax, you must figure your expected adjusted gross income, taxable income, taxes, deductions, and credits for the year.

 

Estimated tax payments are generally due:

 

  • April 15 for income earned January 1 to March 31

 

  • June 15 for income earned April 1 to May 31

 

  • September 15 for income earned June 1 to August 31

 

  • January 15 of the following year for income earned September 1 to December

 

https://www.irs.gov/payments/pay-as-you-go-so-you-wont-owe-a-guide-to-withholding-estimated-taxes-and-ways-to-avoid-the-estimated-tax-penalty.

 

W-9 and Business Transactions

If you are a business owner you may want those who you do business with to submit a W-9 form so that you can withhold taxes or report withholding or payments made to them based on their business identification number or social security number if a sole proprietor.

 

You too can use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person or business who is required to file an information return with the IRS to report, for example:

 

  • Income is paid to you.
  • Real estate transactions.
  • Mortgage interest you paid.
  • Acquisition or abandonment of secured property.
  • Cancellation of debt.
  • Contributions you made to an IRA.

 

Learn more by going to the IRS website…

 

FICA

The Federal Insurance Contributions Act of 1935 was signed into law to allow money to be withheld to help establish and keep the social security system solvent and ensure that current recipients receive their payments.  On your paycheck you will see Social Security withholdings (6.2%) up to a a wage limit which adjusts annually and Medicare withholding (1.45%) which is unlimited.

 

The current total tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.

 

The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.

 

The combined rate for Social Security and Medicare employer and employee rate is 15.3% total.

 

There’s a maximum wage base for Social Security taxes on earnings, above which no tax is levied. The wage base is set at $160,200 for 2023 and $168,600 for 2024.  Again, keep in mind there is no wage base limit for Medicare taxes.

 

Other sources of income depending on type, may also be subject to withholding.  Also be aware of taxation at the local and state levels as it is important to look at your taxes in a comprehensive or wholesome way and analyze from ALL sources–even when what are really taxes, go by other names.

 

Conclusion

 

It is important that you realize that taxation of income at this time in the United States appears here to stay, and if you have income you want to come up with a way to pay your taxes “as you earn”  whether by w-4 withholdings through the payment of taxes through your payroll withholdings as you earn or through the payment of estimated taxes based on as what you earn throughout the year and pay at designated intervals in April, June, September and January.

 

By timely managing your finances and paying your taxes you can avoid large tax payments and penalties at tax time that could severely hamper your wealth building efforts.

 

By “planning in advance” you can manage your finances and taxes in a manner where you owe a little–or get a little back, thereby minimizing the financial stress in your life, preventing large losses due to fraud, investing what you would otherwise allow the IRS to hold and otherwise manage your finances more optimally.  Also, don’t forget about the taxation of your assets upon sale, as many will be taxed at your ordinary income or the generally more favorable capital gains rate.

 

Your withholdings along with your standard deduction or itemized deduction amount, and other adjustments deductions and credits will play a large role in determining if you will owe or get a refund in this and the coming tax seasons.

 

Always realize that “even if you don’t have any income tax withheld” from your wages, you may get a refund if you are eligible for tax credits such as the Earned Income Credit, the Additional Child Tax Credit,  American Opportunity Credit and other potential credits that you may qualify for.  Therefore you would want to ensure that you file your taxes in a timely manner (you have a 3 year window to file, otherwise you lose the refund) as that can put you in better position to manage your money at the various stages of your life.

 

All the best to your withholding and wealth building success as you deserve nothing less…

 

Disclaimer – TheWealthIncreaser.com does not provide and does not intend to provide financial, investment, tax, or legal advice.  Information contained in this article is for informational and educational purposes only.  The inclusion of links to third-party content is not an endorsement by TheWealthIncreaser.com of such content or services but is designed to save you time.  Please do your due diligence and use your discretion and additional independent research.

 

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Capital Gains & Wealth Building

Learn more about capital gains and how they are taxed so that you can efficiently build wealth…

 

Caution: 35-minute read

 

Even with all that is happening with tariffs and uncertainty on the world stage, there are some bright spots in spite of it being the tax season in the United States.

 

Although there is much that is simple and uneventful in the tax code, there also are more complex topics that could be more challenging for you when it comes to using the tax code to your benefit and you want to be aware of them proactively as opposed to re-actively.

 

Whether it is the sale of your home and the exclusion of gain, ($500,000 married and $250.000 single if you qualify), using Depreciation/Mileage, using Retirement Deductions/Savers Credit, Schedule A Deductions along with numerous other deductions that may appear complex but could be of real benefit to you at this time or at a time in your future, if you qualify or potentially qualify–you need to know about them.

 

Therefore, you want to be aware of them “prior to” filing your tax return–not after so that you can reach your immediate, short-term, intermediate and long-term goals in a more satisfying manner!

 

Just so we are all on the same page TheWealthIncreaser.com will define a few terms so that you can comprehend this discussion with more clarity:

 

Interesta charge for borrowed money generally a percentage of the amount borrowed.

Deferral of gain–In a tax-deferred exchange, the deferred gain is the amount of gain that escapes current taxation and is deferred until a later date.  Deferral of gain is a strategy that is often used in 1031 exchanges involving like-kind property by savvy investors who desire not to pay taxes at the time, and desire to prolong the payment of capital gain taxes to a date in the future and in some cases after they transition.

Dividendsa dividend is a distribution of a company’s earnings to eligible shareholders (not all companies pay dividends).

ESOP–stock options offered to employees at some companies

Ordinary dividendordinary income is income earned by an entity or an individual that is taxable at marginal tax rates, therefore an ordinary dividend that you received would be taxed at your marginal tax rate.

Qualified dividenda qualified dividend is an ordinary dividend reported to the Internal Revenue Service (IRS), which taxes it at capital gains tax rates which are generally more favorable to most taxpayers.

Realized gaina real profit that shows up not only on paper, but also in your bank or investment account.  A realized gain is an increase in value of an asset or investment you own and have sold or cashed-in on.  A tax occurs only when sold and if held for over a year the gain would be taxed at the capital gains rate based on your income.  Exceptions may apply in certain situations based on the asset classification, timing of the gain, and your income level as the AMT or NIIT could apply, thus increasing the taxation on the gain.

Unrealized gaina potential profit that shows up on paper or an increase in value of an asset or investment you may own but have not sold or cashed-in on.  A tax occurs only when sold.  Realized and unrealized losses also follow the same logic, as there is either a paper loss or an actual loss, depending on the actions you take or fail to take–and at what time you take those actions (short versus long-term).

Capital asset–capital assets among others include stocks, bonds, mutual funds, 529 plans, real estate, sale of business, crypto, timber sales from your land, collectibles, etcetera.  Capital assets are significant pieces of property such as homes, cars, investment properties, stocks, bonds, mutual funds, ETFs and even collectibles or art.

 

Although there are exceptions, capital gains can be short (taxed as ordinary income) or long term (taxed at the generally more favorable capital gains rate of 0, 15, or 20%) and deferred as in the case of a “successful” 1031 exchange or installment sale! 

 

In many instances you will have to pay capital gains taxes if you sell a capital asset for a gain and in some cases a capital loss can be used to offset capital gains to a limit.  In this discussion TheWealthIncreaser.com will focus on the topic of capital gains so that you can use the concept to achieve more during your lifetime.

 

Common “exceptions” to standard capital gain rates:

 

Collectibles (taxed at the higher 28% rate)

Owner Occupied Real Estate (all or a portion may be excluded from taxation depending on the amount of gain))

Rental Real Estate (depreciation add back may increase your capital gains tax)

1031 exchange (a successful exchange can defer your taxes to a later date once property is sold)

Installment Sale (instead of being taxed in one year, your gain would be taxed over a number of years and that could have the effect of lowering your overall capital gains tax)

 

Capital Gains

Capital gains are different from interest income paid by bonds or that which you would receive from a CD or savings account.  Regardless of the type of bond, any “debt issue” purchased and sold in the secondary market will post a capital gain (or loss).  This includes government and municipal issues, as well as corporate debt.  Gains and losses on many bond transactions are taxed the same way that other securities, such as stocks or mutual funds, are taxed.  That is, at the “appropriate” capital gains tax rate.

 

Series EE and I bonds are taxed differently and will be discussed later in this post.

 

Art/Collectables capital gain rate is 28%

 

Antique Cars capital gain rate is 28% 

 

All of the following are taxed at the higher capital gain rate of 28%:

 

  • Works of art
  • Rugs and antiques
  • Metals and gems (gold, silver, platinum, palladium etcetera)
  • Stamps and coins
  • Alcoholic beverages (fine wines, rare whiskeys, vintage champagnes, craft beers, limited edition spirits etcetera)

 

Note: Additionally, the IRS reserves the right to classify any other tangible personal property as a collectible for tax purposes.  And there are some limited exceptions for certain metals, gems, and coins.  Additionally, if you have some of the above assets inside of a fund in a non-physical form, you might be able to avoid the higher 28% rate.

 

Essentially, if you sell your collectible for a profit, you will face capital gains tax.  As you would expect, the amount you’ll owe depends on how long you’ve held onto the item (short versus long-term).

 

For short-term holdings of one year or less, any profit is taxed as ordinary income at your marginal federal tax rate.

 

Long-term gains, on the other hand, are treated differently:

 

  • If you’ve held the collectible for over a year, you’ll be subject to a maximum tax rate of 28%.  This rate is higher than the typical long-term capital gains tax rates of 15% or 20%.

 

  • Why is this rate higher?  The federal government basically wants to discourage speculation in potentially volatile markets and encourage investments that contribute more directly to economic growth.  Also, while the maximum 28% rate for long-term collectible gains exceeds rates for other assets, it’s still lower than short-term rates taxed as ordinary income for those in the higher income tax brackets.

 

  • Determining your tax liability on a collectible sale involves a few steps.  First, you need to establish “your basis” in the item.

 

  • For purchased collectibles, like silver bars, for example, your basis is generally the original cost plus any associated fees, such as costs for restoration (for hobbyists), expenses for specialized storage (climate-controlled facilities for art and other collectibles), or fees paid to brokers or dealers to obtain the asset.

 

  • If you inherited the collectible, your basis would be its fair market value “at the time” of inheritance (adjusted basis).

 

Once you’ve determined your basis, subtract it from the sales price to find your capital gain.  This gain is then subject to the appropriate tax rate based on your holding period and income level.

 

Bonds–varies as municipal bonds may be tax exempt at the federal and possibly state level.

 

Cancellation of Debt–could in many cases be taxed at your ordinary income tax rate–you and the IRS would receive a 1099-C from the issuer who canceled your debt.

 

Collectibles–taxed at 28% rate

 

To report sales for collectibles, use Form 8949.  That information is then entered on Schedule D of Form 1040 to calculate and report your overall gains or losses.

 

Can the marginal rate on collectibles exceed 28%?

The effective tax rate on collectible gains can sometimes exceed 28% due to the net investment income tax (NIIT) and/or the alternative minimum tax or the more commonly known acronym AMT.

 

  • Net investment income tax (NIIT): Depending on your adjusted gross income, you might face a 3.8% net investment income tax on your gains.  The NIIT is an additional tax on investment income for those with income exceeding specific thresholds (Modified Adjusted Gross Income of $200,000 for single filers and $250,000 for married couples filing jointly).

 

 

  • Alternative Minimum Tax (AMT): If you are subject to the Alternative Minimum Tax (AMT), your effective tax rate could increase as well.  Also realize that your state and local taxes can also contribute to a higher overall tax burden when it comes to gains on collectibles and other capital assets.

 

Corporate Bonds

Interest earned from corporate bonds are fully taxable at all levels.  Because corporate bonds typically have the “greatest risk” of default, they pay the highest interest rates of any bond.  Investors who own 100 corporate bonds at $1,000 par value, with each paying 6% annually, can expect to receive $6,000 of taxable interest income each year, unless the account was held inside of a retirement account.

 

Corporate earnings–ordinary income rate of 21%

Short-term capital gains arise from the sale of assets held for a year or less and are taxed at the corporation’s ordinary income tax rate.

 

Corporate capital gains 

Long-term capital gains result from selling assets held for more than a year and are generally taxed at a lower rate.  This tax advantage encourages corporations to adopt strategic asset management practices, often opting to hold assets longer which normally strengthens the economy.  The type of asset sold also influences the capital gain classification.  For example, gains from selling depreciable business property, like machinery, may follow different tax rules than gains from investment securities.

 

Amortization of Bond Premium

The amortizable bond premium refers to the price paid for a bond above its face value.  The premium paid represents part of the cost basis of the bond, can be tax-deductible, and amortized over the lifespan of the bond.

Amortizing the premium can be advantageous since the tax deduction can offset any interest income the bond generates, thus reducing an investor’s taxable income.

 

Are there Tax-Free Bonds?

While investors will pay federal taxes on the interest income from government bonds, they won’t owe state and local taxes.  Investors in municipal bonds can avoid taxes altogether if they live in the area where the municipal bond is issued.

 

Series EE and I bonds can be taxed at time bond is cashed in or annually if elected by the bond holder.

 

What Is a Corporate Bond?

A corporate bond is a type of debt security issued by a corporation and sold to investors to raise capital.  In return for the bond purchase, you would be paid interest at either a fixed or variable interest rate.

 

Bond Treatment on Tax Returns

Bond income is reported alongside any other interest income earned during the year, which may include interest income from savings accounts, money market accounts, certificates of deposit (CDs), and similar type products.

 

The tax implications for investors in fixed income can vary, according to the type of security that they purchase.  If taxable bond income is a main component of your annual taxes, you can consult a certified public accountant (CPA) or other professionals to assist with tax planning strategies that may reduce or eliminate what you owe.

 

Before investing in a bond fund or any fund, consider the fund’s objectives, risks, charges, and expenses and read the prospectus prior to–not after selecting your fund.  Also look at tax-efficiency as a bond fund and investments inside of a retirement account allows you to defer (postpone) taxes until you begin withdrawals at a future date (during your retirement years if all goes as planned).

 

Crypto Currencyconsidered an asset and capital gains would apply.  Cryptocurrency is treated as property for tax purposes in the United States, meaning that any profits from selling or using it are subject to capital gains tax.  You must report any taxable events, such as selling or trading crypto or other digital assets, on your tax return.  Additionally, if you own cryptocurrency and digital assets you must disclose if you have movement of those assets, along with disclosing if you have foreign holdings.

 

ESOPstock option offered to employees at some companies that may be taxed at capital gain rates when exercised.  If done after retirement and depending on holding period could be taxed at ordinary income or capital gain rates.

 

Gaming/Gamblingif you file your taxes using schedule A you can deduct your gambling losses (keep good records) up to the extent of your gains thus reducing your gain that would be taxed at ordinary income rates up to 37%.  In many instances you would receive a form W-2G from the issuer (many winnings over $5,000 will have withholdings up to 24%) and the IRS would also receive a copy.

 

Gold Bullion/Precious Metals–when it comes to tax purposes, the IRS classifies precious metals held in physical form as collectibles, and thus they may potentially be taxed at the maximum collectable capital gains rate of 28 percent.

 

Government Bonds

The interest from Treasury bills, notes, and bonds are taxable at the federal level but not at the state and local levels.  In addition, some U.S. government agency securities, such as those issued by Fannie Mae, are taxable at the federal level but exempt from state and local taxes.

 

Municipal Bonds

Municipal bonds are generally tax-free at the federal level and may be tax-free at the local or state level if issued and purchased by you in the area that you reside.  Often purchased by high-income investors, municipal bonds can mean tax-free investment income when utilized in a strategic manner.

 

The interest from these bonds are tax free at the federal, state, and local levels, as long as investors reside in the same state or municipality as the issuers of the bonds.  However, those who buy municipal bonds in the secondary market and later sell them for a capital gain may be taxed at ordinary short-term or long-term capital gains rates.

 

Mutual Funds/ETFs are taxed a capital gains rate of 0%, 15% and 20%.

 

NFT’s, Cryptro etcetera: are taxed at a capital gains rate of 0%, 15%, and 20%.

 

Savings Bonds

Savings bonds are issued by governments to the public and are deemed safe investment vehicles with many benefits.  U.S. government Series EE savings bonds are free from state and local tax, and the federal taxes on interest income may be deferred until maturity.  The Series I savings bond is also free from state and local tax and taxes at the federal level can be deferred as well!

 

Series EE and I Bondstaxed yearly or when you decide to cash it in, generally federal taxes only apply.

 

Stocks/Bonds sold in the secondary market are generally taxed at a capital gains rate of 0%, 15% and 20%,

 

Zero-Coupon Bonds

Although they have no stated coupon rate, zero-coupon bond investors must report a prorated portion of “interest” each year as income.

 

A zero-coupon bond is an investment in debt that does not pay interest but instead trades at a deep discount.

 

The profit is realized at its maturity date when the bond is redeemed for its full-face value.  Always realize that zero-coupon bonds are issued by governments at discounts, and they mature at par values, where the amount of the spread is divided equally among the number of years to maturity.  Consequently, zero-coupon bonds are taxed as interest, just like any other original issue discount bond.

 

529 Plans have no capital gains or ordinary income taxes assessed on money in a 529 Plan and when the money is withdrawn, as long as it is used for a qualified purpose, there are no taxes due whatsoever.

 

Because of tax reforms that went into effect on January 1, 2018, plans now allow up to $10,000 per year per beneficiary to be used towards K-12 private school education.

 

In addition, the SECURE Act changed the 529 Plans’ list of qualified purposes to include certain apprenticeship programs, and to allow up to $10,000 to be used (only once, not annually) to reduce student loan debt for the named beneficiary.

 

The contribution limits for 529 Plans are the same as the federal annual gift tax exclusion, which is $18,000 per donor, per year, as of 2024.

 

ROTH IRA–contribution withdrawals are normally tax free, however earnings are taxable unless 5-year rule and age 59 1/2 rule is met prior to withdrawal otherwise taxable with penalty unless an exception applied.  Mandatory withdrawals are not required at age 73.

 

Traditional IRA & Retirement Plans–capital gain taxes are normally deferred, early withdrawals (before age 59 1/2) would be taxed as ordinary income and incur a 10% penalty unless an exception applied.  Mandatory withdrawals are normally required at age 73.

 

Other–my asset doesn’t appear on this post.

More research may be necessary by you or your financial professional(s) to determine if you must pay capital gains or any other taxes on the asset in question.  Additionally, the IRS reserves the right to classify any other tangible personal property as a collectible for tax purposes.

 

Due to the importance of real estate in the building of wealth in many households, the capital gains implications will be discussed in detail below so that you can build wealth more efficiently.

 

Capital Gains & Real Estate

 

 

Personal rental real estate 2 of 5 rule not met 0%, 15% and 20% capital gains rate apply on rental properties sold (depreciation that you claimed or failed to claim as a deduction over your years as a rental owner will be added back thus increasing your gain)

Personal real estate 2 of 5 rule met $250,000 exempt from taxation for single and $500,000 if married (technicalities apply) will be exempt if your gains don’t exceed these limits and you otherwise qualify

Rental Real Estate 0%, 15% and 20% on rental properties sold (depreciation recapture of 25% will apply to a portion of the sales gain)

Sale of Business form 4797, 0%, 15% 20% or other rate may apply depending on time that business or assets are sold along with the depreciation calculation

Refinance your home or rental property (considered a loan and no capital gains or any taxation, if proceeds are used for home improvement, interest repayment may be deductible on your tax return)

 

Many people know the basics of the capital gains tax and are aware that gains on the sale of personal or investment property held for more than one year are taxed at favorable capital gains rates of 0%, 15%, or 20%, plus a 3.8% net investment income tax for people with higher incomes, but many are unaware that:

  • The capital gains rates are based on set income thresholds, which are adjusted annually for inflation.

 

  • For 2024, the 0% rate applies to individuals with taxable income up to $47,025 for single filers, $63,000 for head-of-household filers, and $94,050 for joint filers.

 

  • The 15% rate is for individuals with taxable incomes between the 0% and 20% break points of $47,026 to $518,900 for single and $94,050 to $583,750 for joint filers.

 

  •  The 20% rate starts at $518,901 for single filers, $551,351 for head-of-household filers and $583,751 for joint filers.

 

Residential Real Estate

  • Compared to long-term gains, the sale of personal or investment property held for one year or less, which are taxed as ordinary income rates up to 37%, the 0, 15%, and 20% rates appear quite appealing.  There are also “a lot of exceptions” to these general rules, with some major advantages applying to residential real estate that you must be aware of.

 

  • With many residential home sales, the profit isn’t even taxed at all.  That’s because of the home sale exclusion that is available if you have owned and lived in your main home for at least two out of the five years before the sale date.  You could avoid capital gains tax on up to $250,000 ($500,000 for joint filers) of your gain from the sale.  Any gain above the $250,000 or $500,000 exclusion amounts is taxed at long-term capital gains rates.  If you had a loss from the sale of your primary home, “the loss is not” deductible.

 

Let’s say you’re married, bought your home in 2005, have a tax basis of $150,000, and are selling the home for $550,000.  The entire $400,000 gain is tax-free to you and your spouse (Call me now and let’s party–LOL).

 

Let’s now take the same example, but instead of selling your home for $550,000, you sell it for $900,000.  The first $500,000 of the gain is tax-free, and the remaining $250,000 is taxed at long-term capital gains rates.  (Call me now and let’s really party–LOL).

 

  • To determine your gain or loss from the sale of your primary home, you start with the amount of gross proceeds reported in Box 2 of Form 1099-S and subtract selling expenses such as commissions to arrive at the amount realized.

 

  • You then reduce that figure by your tax basis in the home to come up with your gain or loss.

 

  • To figure the tax basis in your home, start with the original cost, including the mortgage if you financed the purchase, add certain settlement fees and closing costs, plus the cost of any additions as well as improvements that add to the value of your home, prolong its useful life, or adapt it to better uses.

 

  • IRS Publication 523 has some examples of improvements that increase your tax basis in the home and those that don’t.  Examples of big-ticket items that are added to your basis include adding a room, installing new air-conditioning, renovating a kitchen, finishing a basement, or putting in new landscaping or a pool. Even small-scale capital improvements can increase basis.  These include new doors and windows, duct and furnace work, built-in appliances and water heaters.

 

  • Repairs, maintenance and improvements that are necessary to keep your residence in good condition but don’t add value or prolong its life generally will not increase your basis.

 

  • If you claim a tax credit or otherwise receive a subsidy for putting in energy-savings improvements in your home, you must first reduce the cost of the system by the tax credit or subsidy that you received before increasing your home’s tax basis.

 

More on the Home Sale Exclusion: Capital Gains Tax Home Sale Exclusion, What You Need to Know

 

If you must sell your home early, you may still be eligible for a portion of the exclusion, depending on the circumstances that led you to sell.  If your home sale was prompted due to job changes, illness, or unforeseen circumstances, you may qualify for a partial exclusion.

 

The percentage of the $500,000 or $250,000 gain exclusion that can be taken is equal to the portion of the two-year period that you used the home as a residence.

 

For example, say you as a single person bought a home for $600,000 in March 2023, lived in it for 15 months, and sold it in May of last year for $685,000 after moving out of state due to an illness.  The maximum gain exclusion in this instance is $156,250 ($250,000 x (15/24)).  So, the $85,000 gain is fully excluded and tax-free. You can also use days or months for this calculation.

 

Death of a spouse and selling primary home

A spouse who sells the family home within two years after the death of the other spouse gets the full $500,000 exclusion that is generally available only to couples, provided the two-out-of-five-year use and ownership tests were met before death.

 

  • There is also a welcome added tax benefit if you owned the home jointly with your spouse.

 

  • If you don’t live in a community property state, half of the home will get a step-up in tax basis upon the death of the first-to-die spouse.

 

  • The rule is more generous if the house is held as community property.  The entire tax basis is stepped up to fair market value when the first spouse dies.

 

Here’s an example.

 

Let’s say you and your spouse bought a home for $150,000 many years ago in a non-community property state, and it is worth $980,000 on the date that your spouse dies.  As the survivor, your tax basis in the home jumps to $565,000 (your half of the original $150,000 or $75,000 basis plus half of your deceased spouse’s $980,000 or $490,000 date-of-death stepped-up basis value).

 

Twenty months later, you as the surviving spouse sell your home for $1,100,000.  Of the $535,000 gain from the home sale ($1,100,000 – $565,000), $500,000 is tax-free and $35,000 is taxed at long-term capital gains rates that would be determined by where you would fall based on your tax bracket.

 

Home office deduction and selling a primary home

You may be wondering whether the capital gain tax on the sale of your home would differ if you took the home office tax deduction in prior years for using a room or other space in your residence exclusively and regularly for business or rental (e.g., as a home office or the rental of a spare bedroom).

 

It depends, but generally, the tax consequences are the same whether or not the home office deduction was previously claimed.  Gain on the office or rental portion generally qualifies as part of the $250,000/$500,000 capital gains tax exclusion for a primary home sale, subject to two exceptions.

 

  1. The first is for so-called unrecaptured Section 1250 gain, which applies “if you took depreciation deductions in the past” for the office or rental space.  If you used the simplified method to claim home office deductions on your return, you don’t have to worry about recapturing depreciation claimed in years prior to your home sale.

 

  1. The second exception applies if the workspace or rental space is in a building on the          property separate from the main home—think first-floor storefront with an attached residence, rented apartment in a duplex, or working farm with a farmhouse or other unattached building on the property.

 

Rental property and capital gains calculation

If you hold rental property, the gain or loss when you sell is generally characterized as a capital gain or loss.  If the property was held for more than one year, it’s a long-term capital gain or loss, and if held for one year or less, it’s a short-term capital gain or loss.

 

The gain or loss is the difference between the amount realized on the sale and your tax basis in the property.

 

The capital gain will generally be taxed at 0%, 15%, or 20%, plus the 3.8% net investment income surtax for people with higher incomes.

 

However, a special rule that you must be aware of applies to gain on the sale of rental property for which you took “depreciation” deductions!

 

When depreciable real property held for more than one year is sold at a gain, the federal tax law requires that previously deducted depreciation be recaptured into income and taxed at a top rate of 25%.   This is known in the tax industry as unrecaptured Section 1250 gain, and the name is based on the number in the federal tax code section.

 

Sale of vacation home and capital gains

Gains from the sale of vacation homes don’t qualify for the $250,000/$500,000 capital gains tax exclusion that applies to the sale of main homes.  You will pay tax on the entire amount of your profit and if you are contemplating the sale of your vacation home–you must prepare in advance for the tax consequences.

 

When you sell a vacation home, your gain will be subject to the normal capital gains tax on real estate!

 

Therefore, if you’ve owned the vacation home for more than one year before you sell, the difference between your amount realized on the sale and your tax basis in your home is subject to capital gains tax rate of 0%, 15%, or 20%, depending on your income, plus the 3.8% net investment income surtax if you are in the upper-income tax brackets.

 

If you owned the vacation home for a year or less, then any gain from the sale will be taxed at “ordinary income tax rates” up to 37%.

 

For example, say that in 2024, you sell a vacation home that you owned since 2010 for $875,000, and you have a tax basis of $635,000.  Your $240,000 gain is taxed at long-term capital gains rates.  And just as you can’t deduct a loss with your primary residence, so too is the case with your vacation property.

 

What if you convert a vacation home to your primary residence, live there for at least two years, and then sell your home?  Can you qualify for the full $250,000/$500,000 capital gains tax exclusion?

 

Probably not, but it depends!

 

  • If you sell a main home that you previously used as a vacation home, some or all of the gain is ineligible for the home-sale exclusion.

 

  • The portion of the gain that is taxed is based on the ratio of the period after 2008 that the home was used as a second residence or rented out to the total time that you as the seller owned the house.

 

  • The remaining gain is eligible for the $250,000 or $500,000 home-sale exclusion.

 

Short sale of your main home and capital gains

After the great financial downfall in 2008, many financially distressed homeowners sold their home as a short sale in order to get from underwater mortgages on their home.  If you are considering a short sale of your home, you want to know the tax consequences upfront.

 

A short sale occurs when your mortgage lender agrees to accept less than the outstanding balance on your loan to help facilitate a quick sale of the property.

 

The tax rules applicable to short sales differ depending on whether the debt is recourse or non-recourse!

 

Recourse debt is when the owner/debtor remains personally liable for any shortfall.  If the lender forgives the remaining debt, a special tax rule provides that up to $750,000 in forgiven debt on a primary home is tax-free.

 

The owner/debtor will be taxed on any remaining forgiven debt at ordinary income tax rates up to 37%.

 

The tax results are different for non-recourse debt, meaning the owner/debtor isn’t personally liable for the deficiency and in this case, the waived debt is included in the amount realized for calculating capital gain or loss on the short sale.

 

For primary homes, no loss is allowed, and up to $250,000 of gain ($500,000 for joint filers) can be excluded from income for homeowners that meet the two-out-of-five-year use and ownership tests!

 

These same rules apply if your home is foreclosed on.

 

Main Home Destruction and capital gains

If your principal residence is damaged or destroyed in a hurricane, tornado, widespread wildfire, or other federally declared disaster, you’ll have gain to the extent the insurance proceeds you receive exceed your pre-disaster tax basis in the home.

 

Up to $250,000 ($500,000 for joint filers) of that gain is excluded from income if you meet the two-out-of-five-year use and ownership tests.  If your gain exceeded those amounts, your gain over those excluded amounts would then be taxed at capital gain rates.

 

One way to delay the tax hit on all or part of the otherwise taxable capital gains is to use the proceeds you get from your insurance company to buy a new home within four years of the disaster.  The so-called “involuntary conversion” rules are complex, so be sure to contact your tax adviser or other professional if you are thinking about this option.

 

Refinancing of your home or rental property and capital gains

As stated earlier and reiterated again, a refinance or tapping into your home equity are considered loans and no capital gains or any taxation on the proceeds will occur.  Furthermore, if funds are used for home improvement, interest repayment may be deductible on your tax return annually.

 

Always keep in mind that with a refi you must have an effective repayment plan in place and there will normally be closing costs that can get into the thousands.  You also want to ensure that your credit is at an acceptable level if you are seriously considering this option.

 

If you failed to plan properly or not at all, a reverse mortgage is yet another option that you have if you find yourself in position where you need more income during your retirement years and you have a high equity position with your personal residence.

 

Section 1031 exchanges and capital gains tax

When real property used in a business or held for investment is exchanged for like-kind real property under Section 1031 of the tax code, all or part of the gain that would otherwise be triggered if the real estate was sold can be deferred.  This tax break doesn’t apply to main homes or vacation homes, but it can apply to rental real estate that you own.

 

The Section 1031 exchange rules are very complicated and difficult to navigate, with many requirements that must be met in a timely manner.  Therefore, make sure to talk to your tax adviser and/or other professionals if you are seriously contemplating a like-kind swap of rental real estate that you own.

 

Opportunity Zone Funds and deferral of capital gains

The Qualified Opportunity Zone program was created under the 2017 tax reform law, the Tax Cuts and Jobs Act (TCJA).

 

  • The program allows taxpayers to defer capital gains from the sale of business or personal property, including real estate, by investing the proceeds in entities called Qualified Opportunity Funds.

 

  • These QOFs then use the money to help the development of struggling communities.

 

 

Let’s say you have a large capital gain from the sale of a rental home that you owned, and you want to defer paying federal income tax on that gain.  If you can invest those gain proceeds in a QOF, you could see meaningful tax benefits come your way.

 

The gains are deferred until the earlier of December 31, 2026, or when you dispose of your QOF interest.

 

The tax would generally be owed at that time on the deferred gains less the tax basis in the QOF investment!

 

The longer you hold a QOF investment, the more tax incentives there are generally speaking. You, as an investor, would begin with a zero-tax basis.

 

How long you hold your QOF Investment What happens to your basis
If you hold your QOF investment for at least 5 years Your basis in it increases by 10% of the originally deferred gain, meaning that 10% of the deferred gain can go permanently untaxed.
If you hold your QOF investment for at least 7 years, Your tax basis in it is further increased by 5% of the gain that was originally deferred.
If you hold your QOF investment for 10 years or more You can then elect to increase your basis to fair market value at the time you sell the investment, so that post-acquisition appreciation in the QOF isn’t taxed when the interest is sold.

Note: the deferred gain from your real estate sale will be taxed in 2026 unless updated legislation says otherwise.

 

You have 180 days from selling your real estate to invest the proceeds in a QOF.  You can invest all of your short-term or long-term capital gain proceeds from the sale or just part of the gains.  However, if you invest part of the gains, only that portion of the gains contributed to the QOF qualifies for deferral.

 

If you decide to go the QOF route, “you must elect” the tax deferral on your tax return for the year of the sale.  Be sure to follow the instructions on Form 8949 for electing deferral and reporting the deferred gain and be sure to submit Form 8949 with your return.

 

Also, you’ll have to complete and attach Form 8997 to your return.  Form 8997 lets the IRS know of the Qualified Opportunity Fund investment and the amount of gain deferred, among other information.

 

Conclusion

Whether art, antique vehicles, stocks, bonds, real estate, crypto or many other items that are sold for a gain–capital gains taxes may very well apply, and you want to know the likely amount that you will have to pay prior to the transaction (sale of assets) or before taxes will be due–not after.

 

When it comes to your personal finances, whether you require a tune-up or major overhaul, your awareness of capital gains at the earliest time possible will serve you well throughout your wealth building journey.

 

By having that awareness you will put yourself in position to know what to expect tax wise and you can plan for and take the amount that you will likely pay in taxes into the decision-making process and better determine if selling is your best option, or selling in a different manner, finding other ways to get the funds you need, doing a like-kind exchange when applicable or not selling at all–is your “best” option.

 

You can also reduce your capital gains after you transition by maximizing the gift tax guidelines while you are alive and participating in donor advised funds, (deduction can help reduce your overall taxes), charitable trusts and other estate planning options that can legally be done to reduce the size of your estate and increase what your heirs will receive and reduce what they will have to pay tax wise after your transition.

 

Charitable trusts, including donor advised funds and others can provide tax benefits by reducing your taxable income, avoiding capital gains taxes, and removing assets from your estate.  You normally need to have a sizable net worth and you will need a highly competent attorney who specializes in this area to educate and guide you in the process.

 

As a quick mental reference you can estimate roughly where you fall as far as “long-term capital gains taxes” are concerned!

 

First determined whether you file as Single, HOH or Married Filing Jointly and then commit the numbers below to memory and use those numbers as a “quick reference mental guide” to help you determine where you fall on the capital gains tax spectrum proactively–not reactively.

 

If you have income of roughly $50,000 or less and you are Single, you pay 0 capital gains tax, the 15% rate falls roughly between $50,000 and $520,000 and anything over roughly $520,000 in MAGI would be taxed at the 20% rate.

 

For Head Of Household filers, you can have income up to roughly $60,000 and pay 0 capital gains tax, the 15% rate falls roughly between $60,000 and $520,000 and the 20% rate applies for those who have MAGI above roughly $520,000.

 

For Married Filing Jointly filers you can roughly have MAGI income up to $100,000 and pay 0 capital gains tax, the 15% rate falls roughly between $100,000 and $600,000 and the 20% rate applies to couples who have MAGI above roughly $600,000.

 

By committing the above numbers to memory, you can use strategies to possibly pay zero in capital gains taxes and even when you have to pay, you will know or at a minimum have an idea of how the sale or cashing out of stocks, collectibles, mutual funds and other assets held outside of your retirement account will be affected based on capital gain rates based on your income and length of holding of the asset.

 

Also realize that short-term capital gains are taxed at ordinary income tax rates that apply, and further realize that income ranges used in the various tax brackets, along with MAGI amounts for long-term capital gains are adjusted annually, so the numbers will change.  However, the above rough estimates can be used as a guide to help you reduce or eliminate capital gain taxation and help you build wealth more efficiently at the various stages of your life.

 

In short, by analyzing your capital gains tax potential on the front end, you put yourself in a better position to make strategic decisions that can be of more benefit to you and your family in this economic climate–or any future economic climate–or even after you transition.  Also, if you are a high-income earner, be aware that an additional 3.8% NIIT and/or the AMT may apply to your capital gains tax payment on your tax return.

 

Isn’t it time you avoid short and long-term pain so that you can sincerely enjoy your capital gain!

 

You can now “fly high” as you pursue an unrelenting path toward capital gains and long-term wealth building success, as you have NOW been kicked out of your nest and you must now fly at an altitude that is your absolute best…

 

Return to Top

 

More on Capital Gains…

Return from Capital Gains & Wealth Building to What is the 3 Step Structured Approach

Return from Capital Gains & Wealth Building to Curb Appeal & Wealth Building

Return from Capital Gains & Wealth Building to Investment Basics

Return from Capital Gains & Wealth Building to Investments & Personal Finance

Return from Capital Gains & Wealth Building to Retirement & Personal Finance

Return from Capital Gains & Wealth Building to Reducing Your Taxes & Wealth Building

Return from Capital Gains & Wealth Building to Bond Simplification & Wealth Building

 

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Decision Making & Wealth Building

Learn the importance of making good decisions in any economic environment as you build wealth…

 

In the current environment disinformation and misinformation are presented at such an alarming rate that many are making poor and often erroneous decisions off of that information that is leading to stagnation or impeded movement in the improvement of their finances, and hence wealth building efforts.

 

By not operating with factual (truthful) or the most relevant data, many make poor decisions that often puts them on the wrong track towards building wealth in an efficient manner.

 

In this discussion the topic of “decision making as it relates to the building of wealth” will be addressed by TheWealthIncreaser.com, as it is a topic that has been discussed over a number of years on this blog, yet many continue to make decisions that are adverse or detrimental toward their wealth building efforts.

 

Mindset Preparation

You must do your part when it comes to making good decisions and that begins with you preparing your mind with the right knowledge so that you will make smart or at a minimum, good decisions as you manage your finances.

 

You must prepare your mind with the right knowledge so that you will have the expectation that you will flourish and live abundantly while you are here on earth!

 

You must know that negative, self-defeating thoughts will often be brought to life by you if you constantly focus on them, however the good news is that positive uplifting thoughts that you have on a consistent basis can also be brought to life by you if they dominate your consciousness as well.

 

The more positive and uplifting your thoughts are, the more likely the chance that you will make good decisions and pursue your goals with more precision.

 

Always realize that positive energy (or enthusiasm) comes from positive focus, therefore your mental concentration on what you want to achieve is a must–and your goal is to take steps that you can trust!

 

Goal Preparation

It is important that you have a number of goals that you want to achieve as that can often motivate you to pursue your goals at a higher level of intensity.  You want to put yourself in position to make decisions that will benefit you and your family in a more advantageous way today–and  throughout your lifetime.

 

By setting meaningful and significant goals and making the decision to really give it your best to achieve those goals at your highest level of determination, you make those goals more likely to occur and your life on earth will be a more joyous experience.

 

Make the Decision to Review Because You are Sincere in Making Your Dreams Come True

You must approach your decision making with integrity and have a yearning for solutions to your finances in a comprehensive way if your goal is to make better decisions for more than just a day!

 

By diligently pursuing your goals, making adjustments when you fall short and having the wherewithal to press on when adversity occurs, you are making decisions that will help ensure a more prosperous future for you and your family.

 

When you make the decision to see your financial future from a “big picture” perspective and when you decide to lay it all on the line in a comprehensive manner by conceptually understanding and having the ability to apply that understanding for your and your family’s greater benefit, you will see the full layout (blueprint of the success that you will achieve) with more clarity and you will realize that you have been putting yourself in a better position to make “better” decisions, and the clear credit and financial focus that you need to succeed will be more likely to come into focus.

 

Conclusion

 

Your ability to make good decisions in the current economy will not only put a smile on your face and put more money in your safe but will serve you well in your future in ways that may be inconceivable by you at this time.

 

As you build wealth in a serious and committed way, you cannot let disinformation, misinformation, rhetoric and bad advice that is now occurring at a rapid, and often insurmountable rate at times, lead you to make less than ideal decisions as you build wealth!

 

Even though misinformation and disinformation appear to be here to stay for the foreseeable future, you don’t have to let that information lead you to use your own brain to your own detriment.  Quite the contrary, you must make the decision to analyze what comes across your mind and heart in a careful, analytical, accurate and critical manner to prevent bad things from happening to you and make good things more likely to happen for you!

 

Propaganda, alternative facts, opinions, rhetoric, unverified source(s), figure of speech, falsehoods, lies, literally, figuratively, tone implication, artificial intelligence, misinformation, disinformation and the like–or regardless of the name that bad information goes by that is not the truth or factually based is not going to serve your greater benefit–when interpreted improperly!  Therefore, what is presented to you in all forms must be properly analyzed and understood by your mind and heart for what it truly is, so that you will make at a minimum a good or at best, “the best decision possible” (pun intended) “prior to” and not after entering into a transaction or making critical decisions in all facets of your life.

 

In the times that we now live in the interpretation of the truth is in many cases subjective, however in actuality the truth is the truth in absolute terms as there can only be truth–and nothing else!

 

Therefore it is imperative that you use discernment along with your analytical skills to understand how what is being pitched at you locally, nationally and globally impacts you–and choose or decide the best path that you should take as you proceed in your wealth building efforts based on sound analysis, your life experiences and what is truly being said, asked, or suggested–whether subliminally or at a conscious level so that you can achieve more for yourself and your family.

 

Are you analyzing what is being presented to you and actually “challenging the information” or are you accepting what is presented, or are others challenging the material on your behalf due to your inability or mental laziness to challenge the information yourself?

 

Does what is being communicated to you appear to be logical on the surface?

 

Does the premise of the argument or statement support the conclusion?

 

What is the part of the variable (or argument) that you can’t see but needs to be analyzed anyway?

 

The effective use of your mind is not just hyperbole but is something that you must do with increased effort on a consistent basis, if you desire to build wealth efficiently!

 

Are you asking the right questions in order to get the right or best answer possible for “your” financial situation?

 

Furthermore, you must use the skills that you now have or will soon possess to analyze this site and others sites–along with all that your mind encounters, whether in verbal or written form, to decipher what is being said generally and use what is being said precisely to move forward decisively in a way that is more advantageous for what you want to see come true–and not more to the benefit of the one(s) doing the communications to or toward you!

 

It is also important that you recognize that you don’t know what you don’t know on various subject matters, and more research or seeking of professionals and others who possess more knowledge on the subject matter may be needed.  It is important that you realize that what you think you know may not be correct or totally correct as we all have blind spots and can’t see or know everything.

 

Therefore, you must have a yearning to learn more on various topics so that you can make better decisions in the future if you are one who desire to achieve more at this time, and particularly as it relates to the building of wealth!

 

It is very important that throughout your life you don’t let others ( friends and family, financial professionals, attorneys, lenders of various types, credit card issuers etcetera) use what they do and know to influence you disadvantageously without you even knowing it, and subsequently getting you to use your own brain against your own best interest (by letting ads, artificial intelligence, marketing techniques, celebrities, athletes, entertainers, influencer’s, what appears hot at the moment, and in many cases superior informational knowledge that others possess and you don’t, adversely influence you) when you are in the process of managing your credit and finances or any other area of your life in which you desire to see advancement!

 

By learning how you can make better decisions on the front-end you are putting yourself and your family in a better position for success in the short, intermediate and long-term.

 

It is important that you ask the right questions and seek the right answers as your goal is to “move the needle in the direction that favors you” as you build wealth, and if you fail to do so or do so half-heartedly–you make your wealth building goals more difficult to achieve.

 

By making better decisions you can position yourself and your family for a lifetime of success where the decisions that you make will carry more weight, and your family can look to you with more confidence to help them make a breakthrough as they later take steps toward making their dreams come true.

 

In conclusion, you want to have a “made up mind” that you will make the best or at a minimum good decision(s) based on your current knowledge base and the knowledge that you will later gain–and you must know that you are fully equipped to pass any test or adversity that comes your way, because you have a real understanding of your future success that you are pursuing and you know that your determination level and focus will not sway!

 

Whether those who push ideas, promotions and offers at you conflate or obfuscate, you want to put yourself in position to make decisions that are great so you won’t have to lift as much weight!  When something doesn’t feel or sound right to you–that could be your intuition telling you to hold off on the decision and do further research.

 

Isn’t it time that you do something for not only your benefit but also for the benefit of humanity “and” the glory of God so that you can advance and not hinder society during your epoch on planet earth?  Isn’t it time that you improve both your self-worth and net worth and achieve goals that you have been pursuing since your birth?

 

All the best as you make better decisions that can lead to lasting success as you give it your absolute best…

 

 

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3 Steps to Wealth Building Success

Learn how you can take “3 steps” to achieve more as you build wealth…

 

As the year 2025 starts to come alive, you want to proactively put yourself and your family in position to thrive.

 

In this brief and to-the-point discussion TheWealthIncreaser.com will discuss ways that you can start and finish 2025 and beyond in winning fashion.

 

And with this being the “4th year since the homegoing” (January 9th, 2021) of the one who brought the creator of TheWealthIncreaser.com into the world, and this date (January 9th, 2025) also being the date that former President James Earl (Jimmy) Carter is being laid to rest in his homegoing service,  this discussion takes on more meaning than most–as this discussion has been given even deeper thought than almost any other post.

 

It is imperative that you too give deeper thought to your future so that you can start or continue on a more serious path toward the wealth building success that you desire or deserve!

 

On the ground floor, or the fist level of your 3-story house (pun intended) is the building of your foundation, and that includes understanding your need to create a budget or cash flow statement, create an income statement, create a balance sheet and knowing your net worth at this time.

 

On level 2 or the second floor, is your mastery of your credit and how you effectively apply that mastery to your advantage throughout your lifetime.

 

On level 3 or the top floor is where you lay it all on the line in a comprehensive manner by conceptually understanding and having the ability to apply that understanding for your and your family’s greater benefit by seeing the full layout (blueprint of the success that you will achieve) as you are in position to have an unobstructed view of your future.

 

In the paragraphs that follow you will learn how you can “slow walk” or “run” (your choice) through all levels (learn at your own pace) and achieve more throughout your lifetime so that you can not only see success–you will know in definite terms what you need to do to make your dreams come true.

 

Level 1 or building of your foundation

It is very important that your foundation of wealth building is as sound as possible, as without a solid foundation the true building of wealth will not be sustainable–in the same manner as a house built on a faulty foundation will not sustain.

 

By knowing your true personal finance position at the earliest time possible, you set yourself and your family up for a more successful future at the various stages of your life.

 

Level 2 or mastery of your credit

Knowing your inflow and outflow of cash and how you effectively manage that flow is very important, but so too is knowing how to manage your credit effectively on a consistent basis–as there is a high correlation!

 

You must know how to use the 5 credit factors to your benefit throughout your lifetime.  By knowing the 5 credit factors, the three major credit bureaus, and the FICO and Vantagescore scoring models, you can set yourself and your family up for a lifetime of credit success if you use the knowledge gained in an appropriate manner.

 

Level 3 or comprehensively understanding your finances

An overall or comprehensive overview of your finances is in almost all cases far superior to having a piecemeal or isolated understanding of your finances.

 

By knowing that you must “effectively” address (and you actually do so) your insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning–you are ensuring a more prosperous future for yourself and your family and you are looking at your future from a more advantageous point of view, in large part because you decided to approach your finances in a manner that is best for you, because you are sincere about making your dreams come true.

 

Conclusion 

 

Your understanding of the three steps mentioned above can help you climb higher as you build wealth and more efficiently direct you towards the goals that you desire because you will have a better view!  As 2025 progresses, you want to know in clear terms the steps that you can take to achieve your goals in a more efficient manner because you know that your future is at stake.

 

Isn’t it time you beat, defeat, and treat what ails you financially in a more astute way–today so that the actions that you take will have the final say?

 

By implementing the 3 steps above in a sincere manner, you can start or continue on a path to achieving your goals in a more efficient manner.  You no longer have to approach your finances in an unsure manner or let anxiety dominate your mental space–as you can now approach your wealth building future with more grace and move about at your own pace.

 

Imagine solution(s) for yourself and others and then bring the solution(s) into existence, just as the creator of TheWealthIncreaser.com has done–in large part by dreaming big and following up on that big dream with consistent action that has led to succeeding in a big way when it comes to helping others throughout the world build wealth in ways they never imagined!

 

Always remember that when your goals and objectives (especially when they are in writing) are aligned with your thoughts–your wealth building success occurs at a faster pace in almost all circumstances!

 

Did you know that God is transforming the gift in you in 2025 so that you can transform the gift in others at some time in their future?

 

Your gift must be put into action by you and used to uplift others!

 

Your gift is not meant to be harvested by only you, but is meant to serve the glory of God and help you and others achieve goals that are not odd.

 

Gear your mind up for consistent action in 2025 and always keep your most pressing dreams alive,  because now is the time that you arrive and do more than just survive–because you are now on a path that puts you in position to thrive!

 

Isn’t it also time you learn and utilize a finance improvement system that makes sense?   Isn’t it time you achieve at a level that is your best, and reach a higher level of excellence?

 

It is very important that throughout your life you don’t let others ( friends and family, financial professionals, attorneys, lenders of various types, credit card issuers etcetera) use what they do and know to influence you disadvantageously without you even knowing it, and subsequently getting you to use your own brain against your own best interest (by letting ads, artificial intelligence, marketing techniques, celebrities, athletes, entertainers, influencer’s, what appears hot at the moment, and in many cases what appears on the surface to be superior informational knowledge that others possess and you don’t, adversely influence you) when you are in the process of managing your credit and finances or any other facet of your life!

 

Creditors and other financial professionals always expect success because they know that their bottom line will be negatively affected if they don’t succeed!

 

You too must expect success and know that you will succeed when it comes to building wealth because you have the right approach, an expectation of success, and a level of determination that is beyond reproach–because you understand fully that your and your family’s bottom line will be affected if you don’t get your lack of understanding of your finances corrected and use the knowledge gained in a more advantageous way for you and your family–not others!

 

All the best to your joyous new year, and continued wealth building success–as your journey toward excellence is in your hands as long as you don’t procrastinate and remain in the stands.

 

Get off the sidelines and out of the stands now!

 

The 3 Step Structured Approach will show you how…

 

 

NOTE: As the creator of TheWealthIncreaser.com and someone who has over 20 years of experience in the personal finance industry, I know of no other system that provides YOU a comprehensive understanding of your finances that “you can control and use for your benefit” throughout your lifetime, than that of “the 3 Step Approach” that you now have the opportunity to utilize at this time for the greater benefit of yourself, your family, your loved ones and society at-large–now and even after you transition.

 

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Insecurity & Wealth Building

Learn why failure is not an option as you arrive in 2025 when it comes to building wealth and improving your health….

 

If you fail at taking control of your life and pursuing your wealth building efforts at a higher level of intensity, it can lead to dire consequences, including depression later in your life.   Financial stress is a leading cause of depression in the lives of many, however you don’t have to be included in the “many” if you determine at this time that you desire more in your life and you are willing to put forth the required effort.

 

It is important that you don’t FAIL in your efforts to address Fear, Anxiety, Insecurity and Loneliness in your life, if any or all of those factors are now a part of your life and are at an unhealthy level at this time.

 

And with this day (December 22nd, 2024) being the 4th year since the transition of the one who brought the creator of TheWealthIncreaser.com into this universe, it is more important than ever that you not only enjoy the holiday season, but you do your best to make a successful 2025 and beyond possible by doing what you need to do, just as other visitors to this site are–and have done!

 

In this brief discussion the TheWealthIncreaser.com will try to end 2024 and bring in 2025 on an upbeat note, as many are now feeling insecure in many ways about what lies ahead in their future.

 

It is important that you control what is in your sphere, or control matters that are definitely under your control as you can reduce the insecurity that you may have in a more definite manner and achieve at a higher level in the coming years.

 

Fear

Anxiety

Insecurity

Loneliness

 

The above factors have caused pain and misfortune for many because they failed to approach their future with the proper focus and mental tools that were necessary to achieve optimally and use the available tools appropriately on a more consistent basis.

 

By letting fear and anxiety control you, and having an insecure feeling about your future it can possibly lead to loneliness and depression if not managed appropriately!

 

In this discussion TheWealthIncreaser.com will focus on ways that you can manage your finances and life at a higher level of excellence so that you and your family can prosper in 2025 and beyond.

 

Potential

You must use the potential that you have at this time to manage your time, money, and stress in a more beneficial manner and in a manner that gives the edge to you and your family–not others.  It is important that your mind dwells in places where all things are possible.

 

Capacity

You have the capacity to manage your credit and finances in a more intelligent, consistent, and proactive manner by gaining the preparation and knowledge that you need to succeed at this time–not “after” you make costly mistakes.

 

Purpose

By leaving FearAnxietyInsecurity–andLoneliness in the rear, you can put yourself in position to live a more abundant life and you can get to a point where you can sincerely pursue your life purpose or what you were truly put on earth to do.  By pursuing your goals in a systematic way that works with your mind you can outsmart systems that may be working against you and “not” FAIL in your wealth building efforts or any facet of your life.

 

Conclusion

You have the potential and capacity to do more during your lifetime and now is the time that you tap into your mind and contemplate your future at a higher level and truly reach your life purpose or what you were sincerely put on earth to do.

 

If you FAIL to take action now, it could lead to added stress, possibly depression and you living out your life in despair because you failed to strive to pursue your goals at your highest level of excellence while you were of sound mind!  Why look back in regret when you at this time can make a sure bet?

 

You can now “alter your mind” using “PCP” in a good way by:

 

  • tapping into your full potential,

 

  • utilizing what you are capable of doing for your and your family’s greater benefit, and

 

  • pursuing your life purpose at your highest level of excellence.

 

You must realize at the earliest time possible that it is your responsibility to direct your life in a responsible manner and in a manner where the goals that you desire most will truly have a chance to materialize during your lifetime–starting in the year 2025 and throughout the years that you are alive.

 

Standards

Ultimate Success

Confidence

Control

Enthusiasm

Self-awareness

Self-worth

 

It is important that you make a real commitment at this time to pursue the success that is already yours, if you believe it to be true and you respond to adversity by doing what you need or desire to do!  From this day forward you must “know” that you are on an unrelenting path toward success–and FAILure is not an option!

 

And just as the creator of TheWealthIncreaser.com gained the preparation and knowledge over a number of years and has used “to whom much is given, much is required” and “be fruitful and multiply” to spread wealth building principles to those who desire real and lasting success to all 4 corners of the earthso too can you use your imagination to make great things happen for yourself and others–whether it be financial or otherwise.

 

Odds are you are on this blog because you desire a real path to wealth building success or you were referred by someone who desire that you get on a real path to success.   SEO optimization and marketing gimmicks are intentionally not a feature of this site as the goal of this site is for you to attain the success that you desire in an intelligent, consistent, and proactive manner–where you control your outcomes and the goals that you desire most are achieved in real-time.

 

If you at this time desire to pursue a more definite path toward success you must be fully committed! If you are not fully committed, you may become irritated, frustrated and feel on the inside that you can’t achieve what you need to achieve, therefore it is important that you fully believe, and you are determined to reach higher at this time!

 

If you are not ready to pursue a more lasting path toward wealth building success, you want to at least be true to yourself and say no to your mind and heart, so that you won’t waste energy pursuing that which you are not fully committed to doing at this time.

 

Always realize that if you possess the right knowledge (or are sincerely willing to learn) you can make moves and countermoves that can keep you on a path to success or reposition you for success–regardless of what lies ahead!

 

 

Insecurity or an uneasy feeling about the future lies inside all of us, however you don’t want to have the feeling of insecurity at an unhealthy level.  You must know in certain terms that your future is bright and the JOY that is available to you will be tapped into and enjoyed by you, as you can now see the light.

 

The False Evidence Appearing Real will no longer play a meaningful role in your life because as a result of visiting this blog, you have left fear, anxiety, insecurity, and loneliness in the rear–as you are now on a new grind as you unwind–and leave all failure behind!

 

By taking the steps outlined, you can put yourself in position to enjoy a more secure future–in large part because YOU made the decision to control your actions now to help ensure a brighter future for yourself and your family.

 

You can further reduce the insecurity that you may have by “knowing common credit mistakes to avoid” so that financial trouble doesn’t land in your neighborhood–like an asteroid!

 

Isn’t it time you use your creativity and inspiration and go from that which was not–to that which is?

 

I leave you with a poem as a tribute to the one who brought the creator of TheWealthIncreaser.com into this world and as inspiration to help you reach higher as you pursue the goals that you desire:

 

All the Glory Belongs to God

 

All of the glory belongs to you

However, it is up to me to reach higher and achieve the goals that I desire

 

All of the glory belongs to you

However, it is up to me to do what I need to do to see my way through

 

All of the glory belongs to you

I must see and be at a level that is at my highest–inside of me

 

All of the glory belongs to you

I will give it my best to ensure that my dreams will come true

 

All of the glory belongs to you

And I know that if I don’t take the right action, I will not gain the right traction

 

All the glory belongs to you–my God

For I know wholeheartedly that the path toward success that I am now on for your glory, is not odd

 

As you pursue wealth building and life success, you must always be willing to exert effort at a level that is your absolute best!

 

All the best, as now is not the time to rest, as you can now leave fear in the rear–and know with more certainty that the failure (success) that you sincerely desire is definitely near…

 

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Detours & Wealth Building

Learn how detours that you experience during your lifetime could be the springboard that you need, if you sincerely desire to succeed…

 

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Learn What is Inside Wealth Building Now…

 

FAQ’s  &  Wealth Building

 

In life there will be many turns and twists, and unexpected happenings will occur on occasion that will throw you in ways and directions that you never imagined.  However, those same events could be the voice of God getting you to prepare your mind and heart for something bigger than you ever imagined.

 

Although a straight-line or upward path to wealth building success is the desire of many, the hard reality is that there will be zigs and zags along the way.  The route that you want to take in your life may not be possible at the time that you want to drive–and the success that you desire or need to attain, could appear fleeting!

 

When there are twists and turns in your life, you may be on a divine flow that will take you where you really need to go.  You must dream bigger, expect more and do more in times of uncertainty!  You may have to go through a number of wrongs before you get to a number of rights.  You don’t have to be discouraged–never give up on your dream(s)–as a lot has or can happen that is unseen and a lot of things that you didn’t see is what has gotten you here and can take you far or near!

 

It is important that you realize that strength, favor and endurance lie inside of you and it is your decision as to whether you want to tap into it.

 

You must “know” that you are equipped, empowered, authentic and the future that you desire is yours for the taking if you know it to be true and you are willing to do what you need to do.  You can have the AIR at your BACK, and you can get your wealth building efforts on track if you are now ready to attack!

 

The birth of something bigger–favor, opportunity and success lie inside of you if you are now willing to give it your absolute best!

 

It is important that you realize that the adversity that you face, have faced or may face in your future may be strategic and not meant for your detriment if you look at adversity from the right angle and you see the adversity as a benefit and not something that will hold you back.

 

Your attitude or how you view your situation is a key component for you to achieve at a higher level.

 

In life there will be things that you can’t change

You can’t change that which you don’t have “control over” and are unable or unwilling to confront.  You want to come to that realization at the earliest time possible and not waste energy and time on matters that you know you can’t change.

 

At the same time, you want to be clearly aware of what you can’t change as that will play a part in your future success.  You can’t change the prime interest rate!  You can’t change the interest rate that you are paying on your mortgage or credit card generally!  You can’t change who is in office politically at this time!

 

Still you want to be aware of the possible movement in interest rates, the political environment that you are in and potential happenings in the political, regulatory, economical, societal, technological and legal areas in the community that you live, work or frequent!

 

However, you can increase your understanding that you can’t change those things and use your awareness and energy to operate in areas where you can make a change–whether it be for your benefit, your family’s benefit or the benefit of the larger society that you live in, work in or visit.

 

You do not need to spend energy on matters that you know you can’t change as that is self-defeating effort being expended with no real return that favors you, your family or society at large!

 

In life there will be things that you can change, but you are reluctant to do so for varying reasons

You can change some things, but you are often unwilling to do so for varying reasons.  Whether you lack the determination, feel it is too difficult, feel the timing is not right or any other reason, you don’t want to waste energy on things that you are unwilling to change whether you are in control or not.

 

You may feel that you can run for political office to change conditions in your community, but YOU know that you won’t!  You know you can change your bad habits, but you won’t!  You know that you need to increase your understanding of your finances–but you won’t!

 

The reasons why you won’t change what you need to change or possibly change is endless and your lack of action could lead to you finding yourself in a real financial mess.

 

In life there will be things that you can absolutely change–and you must change

You want to determine at the earliest time possible in your life stage that there are things in life that you have total control over (or can get to a point where you will have total control over) and you can use that control to achieve more throughout your life.

 

This is an area that you want to “really focus in on” and be prepared to expend the needed energy as the potential to change your life for the better and achieve meaningful goals are in your hands.  You control right now the ability to decide to pursue wealth building in a new or more excellent way and start or continue on a more serious path toward success today.

 

You control the success that you want to pursue, and you control the path that you can take to make your dreams come true.

 

You control the ability right now to:

 

1. Create a budget or cash flow statement at a minimum

 

2. Master your credit at this time

 

3. Effectively manage your overall finances throughout your lifetime

 

By controlling and making the needed changes in your life you are showing maturity and a more focused approach toward achieving the success that you desire because that success that YOU desire is in your hands–if you at this time know that “you have the control” to change your future–and you are willing to do so with unwavering commitment.

 

Conclusion 

Isn’t it time you move in alignment with what you truly believe and move more aggressively toward what you say you want or need to achieve?

 

Always realize that if your discretionary income is not at an acceptable level, you may need to cut your expenses, get more income or do a combination of the two–if you are sincere in making your dreams come true!  By doing so you put yourself in a more favorable position to drive on the right highway that will lead to the success that you desire.

 

You must from this day forward “talk to yourself” about the magnitude of your solution–not the magnitude of your problem.  You can never change what you tolerate that is of a negative nature!  If you tolerate poor performance in the management of your finances, poor performance is exactly what you will get!

 

You don’t have to be limited by the political, regulatory, economic, societal, technological and legal happenings regardless of where you reside, if you determine now that you can get out in front of your finances and create the future that you desire–NOW, so that you no longer need to hide, but you can put yourself in position to experience a smoother ride.

 

You must approach the management of your finances in a disciplined way as that will allow you to apply the 3 steps mentioned above on a more consistent basis so that you can truly reach your most pressing goals–starting today.

 

By proactively addressing your cash flow, credit–and all areas of your finances in a more disciplined way, you CAN put yourself on a surefire path to success–if you are now at this time willing to give it your absolute best.

 

Always realize that the path that you are currently on may not be the best path for you–or the route that takes you toward what you need or desire to do to make “your” dreams come true.  In life detours will occur and you don’t have to let detours deter your ultimate success if you have the right approach, and you are determined to press forward at all times!

 

It is important that you are seeing your future with clarity as by seeing what lies ahead it will provide valuable insight and lead to the development of your mind, body and soul in a more efficient manner.

 

And by having the mindset to overcome obstacles and move around detours in a winning fashion–and really get things done by using the discipline that you now have or will soon develop, you can use a systematic approach to achieve major success throughout your lifetime!

 

All the best to your unlimited wealth building success as you navigate around detours and achieve at a level that is your absolute best…

 

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Mental Chumps & Wealth Building

Learn why you must approach your wealth building efforts from a position of analytical strength…

 

In the current economy many show weakness in their mental approach to handling their finances as they are not aware of how they operate and many lack an understanding of how they can not only manage their finances better, but also manage their finances more efficiently at the various stages of their life.

 

Those who are mental chumps (tongue in cheek) must avoid financial bumps if they desire to reach higher and avoid a financial fire.

 

If that type of approach and/or understanding applies to you or if you lack passion to pursue and actually do what you need to do, there are a number of things that you can do to enhance the probability of making your wealth building dreams come true.

 

There is absolutely no need to panic if you are now ready to “avoid watching the clock tick” or you lack the understanding “in your mind” to make it all click!

 

You must never manage your finances in a manner where you let worry, anxiety, fear, frustration, lack of effort or other excuses and/or distractions rule the day, as your goal is to achieve more in a better way, so that the right decisions that you make will have the final say!

 

If you are one who fail to challenge your current financial position and look at how you can possibly manage your finances better–and look at how you can do so in an analytical, accurate, careful and critical manner that works to your favor–you are in essence operating from a position of weakness or as a mental chump–so to speak.

 

Always realize that it is you who must get out in front of your finances if you are sincere in making your dreams come true, and you must not operate from a position of insecurity if you are really determined and committed to do what you need to do!

 

In this discussion TheWealthIncreaser.com will show you the importance of attacking your credit and finances from a position of mental strength so that you can improve upon your financial strategies (where you can truly take your finances during your lifetime) and achieve more throughout your lifetime.

 

You must be mentally tough, even when times get rough

Your goal(s) must be to analyze your current finances NOW–and determine the best route that you need to take to move forward toward your dreams.

 

You may find that you need to get more income, cut expenses, or do a combination of the two in order to more efficiently move toward making your dreams come true!

 

Even when the numbers that you come up with are not to your liking, you must remain committed and keep striking!

 

You must increase your mental flow, so that you can know where you can truly go

Your thoughts on a consistent basis are what will really move you forward.  Are your thoughts of success and are your dominant thoughts of lasting success along with a vision of you giving it your absolute best?

 

You want to take steps to ensure that your thoughts flow in the right direction on a more consistent basis!

 

By approaching your finances and life in a balanced manner, you can increase the level and intensity of your mental thoughts and position your heart and mind to make the right moves so that you can take your efforts in the direction where success lives.

 

You must continuously review, in order to better ensure that your dreams will come true

Even after achieving a number of goals, you must know that is only one of your roles.  You must also continuously review if you are one who sincerely desire to make your dreams come true.

 

Furthermore you want to review your money management skills so that you can take a better approach in the consistent management of your finances.

 

By looking at whether you hit your goals or fell short, you can better position your heart and mind to make the necessary adjustments that will still lead to your dreams coming true.

 

Conclusion

You must aspire to think and act at a higher level of excellence when it comes to the management of your finances.

 

What you have just learned in this short discussion is a way that you can move forward more efficiently in the management of your finances and not be held up by the mental actions that you take or fail to take as you pursue your goals.  You want to put yourself in position to implement the right steps at the right time so that you can achieve more and improve your score.

 

Many lack the confidence to confront what ails them most!  Is that you?  Or are are you one who at this time desire to get on a more definite path toward making your dreams come true?

 

Many ask questions and seek answers that will comfort their mind, but very few ask the right questions that challenge their mind and leads them on a path to achieving more.

 

What category do you fall in?

 

You don’t have to be a mental chump (tongue in cheek) as you strive to improve your finances and find a better lot in life.  By getting out in front of your finances at this time you can put yourself in position to avoid financial strife and get on a serious path toward achieving major success throughout your life.

 

You must be willing to give your absolute best today so that you can truly see your way–and you must not be concerned by what others may say!

 

Never live “where you are at mentally” as your goal should be to always ascend higher–otherwise you could be living in situations that are dire!

 

You must always have the inspiration and motivation to see your way out of any financial situation!

 

All the best as you challenge yourself to prepare your mind with the right knowledge so that you can apply that knowledge at a level that is your absolute best in a balanced way–starting today…

 

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Grand (Credit) Slam & Wealth Building

Learn how to hit it out of the park with your credit management…

 

Frequently Asked QuestionsTheWealthIncreaser.com

Learn about Wealth Building Now new book…

1-2-3 Credit & Me (Frequently Asked Questions)

 

As the fall season kicks into full gear and the world series between the New York Yankees and Los Angeles Dodgers begins, it is important that you take a pause and look at your credit in a more precise and sincere manner.

 

Even though this page was mentally formulated several days ago prior to the start of the world series and even the American and National league champions being crowned, the creator of TheWealthIncreaser.com found it quite ironic and improbable that when the score from game 1 of the “World Series” was checked on this day (10/26/2024), it was determined that the Los Angeles Dodgers won with a walk-off GRAND SLAM in the 10th inning!

 

It is amazing how the formulation of this page and the ending of game 1 of the 2024 world series all aligned, and hopefully it will lead to your goals and your understanding of credit all aligning so that you can achieve more throughout your lifetime.

 

You “contemplate the odds” of the creator of TheWealthIncreaser.com formulating a page about Grand Slam and Wealth Building prior to the start of the world series, and game 1 of the world series actually ending with a grand slam!  It was the first walk-off grand slam in World Series history!

 

The creator of TheWealthIncreaser.com sees those unlikely occurrences as a sign that major success is ahead for the creator of this blog as well as for all visitors to this blog if we all apply ourselves at our highest level!

 

In the world of credit management you want to ensure that “you” win the series that you are involved in throughout your lifetime.

 

It is important that you realize that you are the batter when it comes to managing your credit and you must keep negative information off of your report.

 

On first base is your utilization of credit, on second base is the time length of your credit, on third base is the type of credit that you have and behind home plate is your inquiries or how you apply for new credit.

 

It is important that you “clean the bases” as you manage your credit (enter the batters box and swing hard) and this discussion is designed to help you do just that, in a more efficient manner.

 

In this discussion TheWealthIncreaser.com will focus on ways that you can manage your credit more effectively so that you can achieve the big goals (grand slam) in life that you may have in a timelier manner (4 game sweep–if you will)!

 

Even though there are only four bases, there are five factors that you need to be aware of as you enter the batter’s box, clean the bases and run over home plate, and you control how you keep negative information off of your credit report and manage the other factors, and you must know how to use the cleaning of the bases (learning what you need to know in a passionate manner)–for your and your family’s greater benefit as it relates to credit management.

 

Batters BoxYou & Your Positive Payment History

You must understand that it is you who control the management of your finances and you want to ensure that your income and the credit engagements that you enter into are done so in a manner that puts you in position to make the payments that are required based on your income that comes into your household on a monthly basis–notwithstanding unforeseen events.

 

1st BaseUtilization Rate

How you utilize your available credit is critical for maintaining a healthy credit score, and you want to know the rules of engagement prior to running to second base.  By keeping your utilization of your available credit under 10%, you set yourself up for a more prosperous future.

 

2nd BaseTime Length of Your Accounts

By keeping older accounts open you help keep your credit score in a relative range assuming you cover the rest of your bases appropriately.

 

3rd BaseType of Credit

By having different types of credit based on your goals, you can help increase your score to a higher level.  Even if you have 5 or 6 credit cards, that might be enough for you to achieve what you desire if you pay consistently and build up your credit over a number of years.

 

Home PlateYour call as to whether to apply for new credit

You are the umpire when it comes to decision making on whether you want or need to apply for new credit.  Is it truly in your best interest to do so based on your goals, or are you responding to credit offers (electronics, credit cards, cars or other big-ticket items that may appear tempting) in an impulsive manner?

 

You want to manage the number of inquiries so you can cross home plate with confidence (achieve the score that you desire) and if the purchase of a home is on your wish list–do that effectively as well.

 

Conclusion

 

By focusing on the 5 credit factors listed above, knowing the 2 major credit scoring companies (FICO and Vantagescore) and knowing the 3 credit bureaus or credit reporting agencies, Transunion, Equifax and Experian, you put yourself far ahead of those in the general population when it comes to effective knowledge of credit.  However, knowledge alone of the 5 credit factors is not sufficient, you must also know how to apply that knowledge for your and your family’s greater benefit throughout your lifetime.

 

Whether you desire to retire early, purchase your dream home, save for your children’s education, save for your retirement, volunteer or donate to your favorite charity or achieve any other goals that you may have–you can make it happen (hit it out of the ballpark) if you prepare your mind for the journey by gaining the knowledge that you need to succeed.

 

Better yet, you can make it a walk-off Grand Slam in the bottom of the ninth inning (or any inning you choose) by not only mastering the 5 credit factors, you can also know how FICO and Vantagescore operate along with how the three credit bureaus operate along with knowing how to prevent fraud–thereby ending the game in “Grand” fashion!

 

Isn’t it time you give it your absolute best and hit a GRAND SLAM so that you can truly WIN and achieve the small and big goals that you desire again and again?

 

Whether you desire to hit for average or improve your on base percentage, it all starts by dreaming big (preparing in your mind to hit a grand slam) and applying what you have just learned at your highest level of excellence based on your unique credit position at this time.

 

In this fall season, you want to “season and marinate” in your mind what you must do to make your credit and financial dreams come true.  By controlling your thoughts and actions you can reduce the time period needed to achieve your most pressing goals.

 

You want to always be prepared for an obstacle as you round the bases and have a plan to go around, through or over that obstacle in a manner that you cannot be denied!

 

All the best to your Grand Slam Success…

 

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Message for the Season & Wealth Building

Learn the importance of pursuing wealth building success at all times and in all seasons…

 

As the weather changes and we enter the fall season in earnest in North America, it is important that you grow from season to season and you put yourself in position to achieve more.

 

October is one of the favorite months of the creator of TheWealthIncreaser.com, as it is not only the month that the weather noticeably changes but also the month that the union of the creator of TheWealthIncreaser.com occurred with the love of his life–and that journey has led to a life of major change for the better.

 

All across the globe many are in search of a more effective way of managing their wealth building efforts and this site has been a major magnet over the years.  While there are many sources for wealth building advice, TheWealthIncreaser.com has been there for many seasons to assist those who desire lasting wealth building success a clearer path toward the success and positive change that they desire–in a manner that they could readily understand.

 

In this discussion TheWealthIncreaser.com will attempt to provide a “positive message for the season” as it relates to wealth building so that you will have no reason to achieve at a level that is less than your absolute best!

 

Pursue success efficiently when possible

At TheWealthIncreaser.com our goal has always been to provide inspiring and encouraging wealth building advice that will move you forward in a real, lasting and successful manner.

 

TheWealthIncreaser.com is deeply committed to helping you achieve what you need or desire to achieve in an encouraging and inspiring manner so that you can pursue success in a more intelligent, consistent, and proactive manner!

 

Whether you desire to save more, retire early, donate to your favorite charity, take annual vacations that once were mere dreams, or any other goal, TheWealthIncreaser.com has been here to help you build your nest egg and achieve other wealth building objectives in a more clear and concise manner–where it benefited you and your family the most–for over 10 years NOW!

 

Adjust when there is a need to do so

You may need to look at where you currently are financially and make improvements when and where necessary.  There will be life events that force you to take actions that you have not planned for, and you want to respond to those events from a position of strength as best you can.

 

Do you have the proper income, know how to manage credit effectively, know how to comprehensively manage your finances and are you willing to make adjustments when and where appropriate so that you can achieve more, particularly when you lack the required knowledge?

 

By analyzing all of the above you can put yourself in position to achieve more throughout your lifetime.

 

Review so that you can truly grow

What makes this site so valuable is that the focus is on you!  You may have noticed that there are hundreds of pages that you have access to on this site, and that is one way that we share our success with you on this site, so that you too can attain the success that you desire.

 

TheWealthIncreaser.com is excited and inspired by the success stories that have come in over the years as those stories have provided the fuel for the continued development and improvement of this site.

 

TheWealthIncreaser.com knows from experience that every blog article created will have a positive effect on visitors in some part of the world–at some time.

 

By maintaining a balanced and well thought out approach in the application of wealth building solutions, you can arm yourself with helpful knowledge that can potentially protect you from creditors, scammers and others who desire to manipulate or cause you to make bad or inappropriate decisions at the various stages of your life.

 

You also want to look at ways that you can perform better as it relates to reviewing your insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning so that you can make the needed advances so that you can improve your net worth and your path to the success that you desire.

 

Conclusion

 

The time and seasons are changing but are always right for you to enhance your wealth building knowledge so that you can move forward in a more efficient manner.  You don’t have to stand on the sidelines and watch others achieve success and sit idly by because you lack the courage or inclination to give it your absolute best.

 

TheWealthIncreaser.com wants to ensure that you achieve more throughout your lifetime and wants to emphatically state to you that you can do so, as it has been done by many who thought they lacked what it took!  As a visitor to this site, you are more than just a visitor–you are an integral part of the success of this site, and you are a part of something bigger than “what was imagined” by the creator of TheWealthIncreaser.com at the inception or creation of this site.

 

TheWealthIncreaser.com is here to enhance your wealth building efforts and is proud to serve you and other visitors, as our goal is to deliver empowering advice and success formulas throughout the changing seasons so that you can achieve what matters most to you and your family.

 

You no longer have to be a bottom feeder as you are now in position to convince yourself of the success that is already yours!

 

All the best to changing seasons and your everlasting success…

 

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