Tax Strategy - Theres More to Building Wealth than Clipping Coupons

We talked recently about the wealth formula:

Spend less than you earn and save the difference. Initially, you may have to cut back to "find" the money to save. Start there if you must.

The next step is to learn how to invest your money powerfully. Recently, I took my stepdaughter to the bank to open her first savings account. We agreed that every week; for so long as she was living under our roof, she would take 50% of her pay check and deposit it into a savings account. Then I explained the power of compound interest to her and how her principle would grow each and every month.

Tax Secrets of the Rich Found Here

Have you seen interest rates, lately? It's sad. The bank was offering 1% interest on her savings. Of course, at that rate, no one is going to get wealthy.

What kind of rates of return do you get on your investments? Mutual funds pay about 5%. A little better, but not very impressive. The stock market yields about 12% over time. That's a little better.

Asset Protections

But there are much faster ways to grow your wealth than that. My Wealth Accumulation program will teach you how to build compounding wealth.

Tax liens, for example yield 16% - 24% and are fully secured by the U.S. Government. Active trading can return 30%-50% - so can real estate investing. I've done pre-construction deals that brought 50%-100% rates of return.

And of course, if you leverage yourself by using OPM (other people's money) your rates of return go through the roof. You've got to start learning about what's available "outside the box" in terms of investments. High returns don't have to mean high risk. Like most things in life, a little bit of prudence greatly increases the safety factor.

Tax Strategies

That's why I created my Wealth Accumulation program. To let people know the real rules of building wealth ? no gambling, nothing crazy.

Sincerely, Drew Miles, America's Tax Saving Attorney

P.S. Lasting wealth requires a long-term commitment. Get rich quite schemes don't work.

P.P.S. There is no way to build wealth that is 100% risk ?free. But you can learn to effectively manage your risks and keep them to an acceptable level.

Drew has combined what he learned during formal education, informal education and twenty five years of business experience in the development of programs designed to teach people how to build and preserve lasting wealth. He is an author, teacher and international speaker in the areas of asset protection, and tax saving and wealth building strategies.

---

Saving Money - 35 Pieces of Advice to Save

There are only 2 ways to grow your wealth -... Read More

Top 7 Lucrative Paper Businesses You Can Run

Why not run a lucrative paper business? Paper businesses do... Read More

The Morphing of Thought and Cash

Here are some thoughts about the morphing of thought and... Read More

Turn That Fixed Rate Mortgage Into A Goldmine

When you purchased your home, you most likely got a... Read More

What Do You Mean By Diversity?

The word 'diversity' is a unique one. It can represent... Read More

Steps to Financial Freedom

Financial freedom is the power to do what you will... Read More

Tax Help - Girls (and Guys) Just Want to Have Fun by Using Tax Saving Tips

In his best selling book, "Rich Dad, Poor Dad, Robert... Read More

Residual Income - Part Three Finding Leaders

In my last article on Creating Residual Income I mentioned... Read More

Your Wealth Cycle Foundation

The four main steps in building a wealth cycle foundation... Read More

Mastering Your Money

One of the things most of us have old ideas... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites... Read More

One Pipeline Is Worth A Thousand Paychecks

It is with great pleasure of having you here at... Read More

A Completely New Way To Get Rich Rapidly

This new way is catching on around the world. People... Read More

Plan For Wealth

One very important wealth creating habit is to set up... Read More

How To Be A Millionaire - The Top Secret Of Wealth Creation

Have you any idea how many people search Google every... Read More

Who Will Become Wealthy in the Information Age?

As you know, we're now well and truly in theInformation... Read More

Thought Creates Reality Even When It Comes To Money

What if I told you that reading a book would... Read More

Increasing Your Wealth by Increasing Your Financial Literacy

Perhaps the primary message of Rich Dad, Poor Dad is... Read More

The Wealth Connection ? 2 Steps to Brighten Your Golden Years

Estimated Reading Time: 4 minutes -- Envision your life 10... Read More

You?re Eating Your Retirement Money

Ever think about how eating all those fast food meals... Read More

Tax Strategy - Theres More to Building Wealth than Clipping Coupons

We talked recently about the wealth formula:Spend less than you... Read More

The Old Monied Dupont Nemours and Roosevelt Families Buy a Tax Haven

This 4,000 acre sale (now a marina and resort town... Read More

WARNING: The Biggest Lie About Social Security

Like I said, If you are poor and on social... Read More

The Underlying Belief System

Many of us do not consider the underlying belief system... Read More

A College Degree or an MBA is NOT NEEDED to be Financially Free

Look at Forbes' top 10 United States wealthiest people. Notice... Read More

Offshore Strategies & Services

Offshore strategies may or may not be right for you.... Read More

Who Wants To be A Millionaire?

How many people search Google, Yahoo and MSN each day... Read More

Generate Savings with Smart Use of Electricity!

No matter what income level you are currently at, generating... Read More

How I made $122,000 and lost $132,000 - A lesson in Assets vs Liabilities

This is a true story from my own experience that... Read More

How to Have MORE Fun With YOUR Tax Refund in 2005

I counsel a LOT of people about money. I see... Read More

Lesson 2 - The Commodity Of Kings!

What is "The Commodity of Kings""Power is simply "the ability... Read More

Super-charge Your Dream of Retiring Rich with the Roth 401K!

This retirement account is so new and unique that you... Read More

Wealth Creation and Mortgage Planning - Two Great Tastes that Taste Great Together

What if I were to tell you that almost everything... Read More