There is no course that I know of, taught in our nation's schools on how to be financially successful in life. Our children, the country's future generation, are not being educated on matters of finance and money. Instead our schools are sending our children into the real world ill- equipped in the financial success sense. Consequently, they struggle in life, many simply eking out a living, incurring substantial debt and saving very little. No one is ...

If you have a house that is under your company name and you want to sell it back to yourself (owner of company), do you have to pay capital gains taxes?

The answer to this question really depends on the type of legal entity your business is operated through. Businesses may be operated as any of the following legal entities:

• Traditional “C” Corporation

• S Corporation

• Single-Member Limited Liability Company which ...

Before I begin on my quest to transform your life from one of poverty to one of unlimited financial wealth, let me set out some important facts about poverty and wealth in America:

• 46.2 million Americans live below the poverty line[i].
• 50% of American Households make less than $34,000 a year[ii].
• Average student loan debt now exceeds $25,000[iii].
• 309 million people currently reside in ...

“She was looking for a reason to fire me.”

“The economy is bad.”

“Everyone is cutting back.”

“I’ve been around for a while and make too much money.”

“They’re downsizing.”

“Profits are down.”

Are you struggling financially? Do you have difficulty paying your monthly bills? Are your savings inadequate? Do you have little, if any, college savings for your kids? Are your credit card debt payments strangling you financially?

If you answered yes, as most of you did, you are in good company. 95% of the U.S. population is in the same boat. Everyone in ...

Far too many individuals fail to achieve their goals. Many who fail to achieve their goals simply give up on goal setting altogether out of frustration or a loss of confidence in the goal-setting process. Why do people fail to achieve their goals? The heart of the problem lies in the fact that many who set what they think are goals are not setting goals at all. They are, instead, making a wish. In my five-year research study on the daily ...

Hilary Rosen’s diatribe about Ann Romney is not only an assault on stay-at-home moms; it’s an assault on the family unit, family values and the American Dream. The fact is, families with a stay-at-home mom do a much better job raising their children than dual income families.  The importance of quality time with the family is a myth. The only quality time is quantity time. Teaching children good daily success habits requires a lot of time. Families with stay at home moms ...

I am a CPA. Most of my clients are very successful. They represent the cream of the crop in America and can afford a CPA to help them with their taxes.  In my 25 years as a CPA I’ve noticed a few things about my successful clients:

• Most of their kids excel in school

• Most of their kids go to college

• Most of their kids inherit very little money from their parents yet grow up to be ...

The roots of volunteerism in America go back very far. Benjamin Franklin was perhaps one of the most prodigious volunteers in our nation’s history having organized the Philadelphia volunteer fire company, a militia, circulating libraries, public hospitals, mutual insurance companies, agricultural colleges, as well as intellectual societies. Franklin saw volunteerism as each citizen’s civic duty. Evidently, many agree. Nearly 63 million Americans volunteered more than 8 billion hours in 2010 according to the Corporation of National and ...

When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life I always begin my presentation by asking three questions:

“How many want to be financially successful in life?”

“How many think they will be financially successful in life?”