5 Ways To Increase Your Family Cash Flow

One of the biggest financial planning concerns I hear every week is how to manage the family cash flow.  So many people see their incomes increasing, but it isn’t necessarily translating to the bottom line.  If you are struggling to make ends meet or just want to stretch your paychecks further, here are five ways to increase your family cash flow. Review Your Tax Return? While you might love getting a tax refund, this is essentially giving an interest free loan to the Government for a year or more.  While some people see this as a form of forced savings, one strategy you could consider is to adjust your withholdings to get more of those dollars back in your paycheck so you aren’t falling behind every month.  In addition, many taxpayers don’t spend the time to take advantage of every tax deduction legally available to them.  You should thoroughly review your tax return and what deductions are available to you ...

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Make Money By Renting Your Car Out?

One of the planning items that most people have when they go on vacation is whether or not to rent a car.  With the evolution of services such as Uber and Lyft, some people are skipping the rent a car altogether and trying to manage the cost of having a car service take you around the city you are traveling through for vacation. However, we love showing people how to make money and one of the up and coming ideas is to rent your car out to others while it is just sitting there in the driveway.   Some people leave the country for an extended period of time and won’t be using their car and others have a weekend car that does nothing but sit and collect dust during the week.   Being smart about making money is getting your assets to work for you instead of you working for your money. The first service you need to learn about is ...

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Don’t Be Fooled By Hillary’s Small Business Plan

I usually don’t read the USA today, but I happened to have a chance to read an article recently (http://usat.ly/2bVCjaz) about Hillary Clinton’s plan to be the President for small business owners.   I was intrigued by the article to see what real change might be coming and as an entrepreneur of many businesses I quickly realized that the proposal was something that only the Stay Puff Marshmallow business person would actually gain any benefit from currently.    Here are the points from the article and then I’ll share on each point my insights on what meaningful proposals could really truly help small business owners do better.  BTW, I haven’t really seen any proposal from Trump yet at all but I do know what I hear from local owners every week Hillary Proposed Problem: Citing licensing and other burdens, Clinton’s campaign says it takes longer to start a business in the U.S. than in countries such as Canada or Denmark.  I laughed ...

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Five Apps That Will Pay You To Shop

Shopping is usually an activity that makes you spend money.   In fact, with the ease of debit cards and credit cards today you can rack up big bills by simply turning your computer on to one of the major shopping websites.  So, I thought going into the summer it might be interesting to see what apps you could download that might actually pay YOU money to shop. Ibotta (www.ibotta.com) – Did you ever thing you could get paid to scan receipts from your phone?    Before you go shopping, you complete a few simple tasks and then you begin to unlock rewards.  With over 187 participating stores (and you can link loyalty accounts as well) it makes it very easy to make money with Ibotta.  Really, you end up just scanning bar codes and then taking pictures of your receipts. Swagbucks (www.swagbucks.com) – With over $132,470,000 of gift cards that have been awarded to users, Swagbucks is an app that will ...

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Where To Invest Under A Trump Presidency

Americans aren’t quite sure what to make of this three ring circus we are calling a Presidential election.   With the nomination fairly certain to be Donald Trump on the Republican side, there has been major discussion about what a Trump President might look like for the future of our economy.   Will he borrow more money?  Will he balance the budget?  Will he build a wall? Will he bring jobs back to America?   These are amongst the many issues that have been speculated about on the media outlets across the country.  Here are my smart money moves on where to invest under a Trump regime. Infrastructure- While I cannot give you specific stocks, mutual funds, or exchange traded funds (you’ll have to call me or e-mail me for that info;), I will divulge that this will be one of the best opportunities under a Trump presidency.   Consider this for a  moment. . . If you have a parent or grandparent that ...

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How The New Overtime Rules May Affect Your Business

The Department Of Labor is at it again, now changing the game for businesses as it pertains to overtime rules.   Since, that is what we really need . . . some more rules.  If it wasn’t challenging enough for small businesses dealing with making payroll and figuring out to maintain the costs of health insurance, now you’ll have to pay double attention to these new overtime rules which will become effective December 1st. Here’s a bet I’m willing to make on the record.  The cost for businesses across the country to manage and track all of these changes will far supersede the benefits that will actually be paid for people working overtime.  The administration believes by making these changes that many hard working Americans will earn overtime, but let me clue everyone in on four your smart money moves secrets. Right now, if you are a salaried worker who makes in between $23,660 and $47,476 and you have a reasonable ...

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5 Steps to becoming a LinkedIn Leader

These days there are so many social media platforms it is overwhelming.  Each service caters to a specific social activity.  When it comes to doing business, LinkedIn stands out at the top of the pack.  If you already have a LinkedIn profile, you know it serves as a kind of online resume.  But if you just hope someone is looking at you, then you are missing out.  No matter what business you are in, using the site to form connections can be a great benefit.  So how do you increase engagement on the site to become a LinkedIn leader?  Try these steps. Request connections/send messages regularly. Spend at least 30 minutes each week searching for new connections to build your network.  Ask your current connections for introductions to relevant people in their networks.  Also look to join groups that will drive the type of connections you are looking for. Send ‘thank you’ messages when you make a new connection. Make ...

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What They Called Me Then, What They Call Me Now

In today’s workplace, we see new kinds of titles popping up all over the place on how companies name their people.    Our good friend Cody Hicks who works as a leader at Atlanta Eats (you must watch the show) carries the title Chief Brisket Officer.   When we started with our first employee at the front desk of oXYGen Financial, we used the term Director of First Impressions instead of some bland front desk title.   I have also seen titles in large companies such as Chief People Officer, Chief Revenue Officer, and Chief Technology Officer which have replaced old antiquated titles.  But, when is enough . . . enough?   There are so many new titles today that I miss the titles that really described who people are and what they really do for a job.   Here is my list of what they called me then and what they call me now. THEN NOW BARTENDER MIXOLOGIST GARBAGE PERSON SANITATION ENGINEER HAIRDRESSER COSMETOLOGIST ...

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Is It Time For A “Back Door” Roth IRA?

There are many individuals and families who make a high income and believe they cannot do a Roth IRA.   However, there is a part of your financial house you may not have realized that existed called the “Back Door” Roth IRA.   So, why do so many people miss this great opportunity?  According to the Investment Company Institute, only 18.6 million U.S. households (about 15.7%) owned Roth IRAs in 2011.  Do that few Americans want tax-free income in retirement? Who can generally contribute to a Roth IRA? There are three ways to fund a Roth IRA–you can contribute directly, you can convert all or part of a traditional IRA to a Roth IRA, or you can roll funds over from an eligible employer retirement plan. In general, you can contribute up to $5,500 to an IRA (traditional, Roth, or a combination of both) in 2016 ($6,500 if you’ll be age 50 or older by December 31).  However, your ability to make ...

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