31 Mai 2013

Obama's Grants And Debt Relief Program Giving Away Thousands Of Dollars To Help Get You Out Of Debt!

If you are seeing more clouds in the future because of all that debt that has built up, don't despair. There is hope for you and all you need to do is look for it. You might be wondering how, well, the Federal Government has the answer.

There are numerous government grants that might have your name on them. Even if your debt seems to come from one hundred and one different places, you can apply for more than one if you meet the requirements. They even have a special one in existence for situations where there are various loans, credit card debts and more. It is through the loan consolidation grant program. There is also one for mortgages, small business, education, and more.

The government has put millions of dollars into these programs and much of it goes unclaimed when there are so many families that need it. Some of it is because news isn't traveling fast enough, and some because of the negative publicity that they are getting. Either way, more individuals and families need to find out about them. It could change their lives like that have with so many other people.

These grants can eliminate the majority of your debts which gives you a lot more financial freedom to better your quality of life. Of course there will still be some debt to deal with, but it will be much easier to deal with after some has gone. Plus the cash amounts of interest you will have to pay will be decreased because of the lower principle. That is what you call chain reaction savings. It's a wonderful thing.

Did you know you can get a $10,000 scholarship for Moms just for registering? Apply right now for free: Scholarships for Moms

30 Mai 2013

The Basics of Real Estate Investing

Real estate investing may not be everyone’s cup of tea, but some people who have already tried investing in real estate know that it can be highly profitable and lead to much better quality of life. There are several keys to making significant profits in real estate investing deals. And when the deals are profitable, you will certainly be well on your way to success.

For real estate investing newbies, don’t be afraid of the challenges and pitfalls you may encounter along the way. There is definitely a lot to learn, but in the long run after you have gained some experience, you’ll hopefully become a master at closing profitable real estate deals.

There are 5 core skills that are necessary for building a real estate investing business. These will be the key factors in creating a profitable real estate investment portfolio.

These are the 5 core skills of real estate investing:

1) You must learn when and where to find the right kind of sellers.

2) You must learn the art of being a master negotiator when it comes to closing your real estate investment deals.

3) You must be able to quickly and accurately analyze each real estate investment deal so you’ll know exactly when to proceed and when to pull the plug.

4) You must become an expert in all areas of real estate investing and understand such terms as lease options, cash sales, wrap mortgages, short sales and other terminology common in the real estate investing trade.

5) You should totally understand the meaning and concept of investing in real estate, including all of the financial risks and benefits.

Now is a great time to consider investing in real estate. There are great potential rewards and the effort you put forth can yield enormous monetary returns on your investment.

Your confidence level will grow when you’ve gained some experience and closed on your first few real estate deals. But, don't stop there...

Continue to learn about real estate investing and to develop your investment skills. In a short time you may find yourself managing a profitable and growing portfolio of investment properties.

Continue to follow your real estate investing "game plan" and always keep an eye out for the hidden investment opportunities. The opportunities are definitely out there and with a little knowledge and desire can be yours for the taking. So, why not get started in what might be a new and exciting (and profitable) career today?

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The ABCs Of Stock Options

As a performance incentive many companies are starting to offer employees the “option” to buy company stock as a part of their compensation packages. These “options” are referred to as stock options and they provide a unique opportunity for an employee to potentially increase his or her wealth along side company shareholders. The employee receiving company stock options should have a good understanding of the characteristics of the different types of stock options in order to maximize their potential benefits.

A stock option is a right granted by a company to an employee to purchase one or more shares of the company’s stock at a set time and predetermined purchase price. The employee benefits when the value of the company stock appreciates over and above the predetermined purchase price following the granting of the stock options, enabling the holder to purchase the company stock at a discount. There are two types of stock options: non-qualified stock options and incentive stock options.

Non-qualified stock options (NQSO) are more frequently offered to employees than Incentive Stock Options because of their flexibility and minimal requirements. NQSOs afford the employee the right to purchase a set number of employer shares at a specific, predetermined price. If the employee wishes to acquire the employer stock then he or she will exercise the option and purchase the employer stock at the predetermined (exercise) price. If the stock’s value has appreciated over and above the predetermined price the employee has received the benefit of acquiring the stock at a discount. The difference between the exercise price and the market value (commonly referred to as the bargain element) will be taxable income to the employee as ordinary income, potentially as high as 35%.

The other type of stock option is the Incentive Stock Option (ISO). In direct contrast to a nonqualified stock option, there is no income tax consequence when an employee exercisers the option to buy the employer stock. The difference between the exercise price and the market value (bargain element) is only taxable upon the ultimate sale of the employer stock. In other words, a gain is only recognized when the employer stock is sold and not when the option is exercised. If the stock is held the appropriate time period before being sold, all the gains recognized may qualify for long-term capital gains treatment, a maximum rate of 15%.

Being able to take part in an ISO program allows an employee to receive a number of tax saving benefits. But with these tax benefits comes added complexity to keep track of and to understand. For example, to qualify for the favorable long-term capital gain taxation, the employee must hold the stock for at least two years from the date the ISO was granted and for at least one year from the date the option was exercised. This is commonly referred to as the “2 year / 1 year rule”. If the employee sells the stock before these requirements are met, gain on the stock is taxed as ordinary income in the year of the sale, essentially converting the ISO to a non-qualified stock option.

An additional complexity of an ISO that should be kept in mind by the employee is the potential for an alternative minimum tax (AMT) consequence upon exercise of an ISO. For this and other reasons, it remains important to work with your financial advisor and tax professional when evaluating the strategies to take full advantage of the opportunities and benefits of stock options.

29 Mai 2013

Payroll Mississippi, Unique Aspects of Mississippi Payroll Law and Practice

The Mississippi State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

State Tax Commission

income and Franchise Tax Division

P.O. Box 960

Jackson, MS 39205


Mississippi requires that you use Mississippi form "89-350, Mississippi Employee's Withholding Exemption Certificate" instead of a Federal W-4 Form for Mississippi State Income Tax Withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Mississippi cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In Mississippi supplemental wages are required to be aggregated for the state income tax withholding calculation.

You must file your Mississippi state W-2s by magnetic media if you are have at least 50 employees and are required to file your federal W-2s by magnetic media.

The Mississippi State Unemployment Insurance Agency is:

Employment Security Commission

P.O. Box 1699

Jackson, MS 39215-1699

(601) 961-7755

The State of Mississippi taxable wage base for unemployment purposes is wages up to $7000.00.

Mississippi has optional reporting of quarterly wages on magnetic media.

Unemployment records must be retained in Mississippi for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Mississippi State Agency charged with enforcing the state wage and hour laws is:

Department of Health

Occupational Safety and Health Branch

2423 North State St.

Jackson, MS 39215

(601) 960-7400

There is no provision for minimum wage in the State of Mississippi.

There is also no general provision in Mississippi State Law covering paying overtime in a non-FLSA covered employer.

Mississippi State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

Employee's name

Date of hire

Employee's date of birth.

Employee's address

Employee's social security number

Employer's name

Employers address

Employer's Federal Employer Identification Number (EIN)

This information must be reported within 15 days of the hiring or rehiring.

The information can be sent as a W4 or equivalent by mail, fax or electronically.

There is a $25.00 penalty for a late report and $500 for conspiracy in Mississippi.

The Mississippi new hire-reporting agency can be reached at 800-241-1330 or on the web at

Mississippi does allow compulsory direct deposit but the employee's choice of financial institution must meet federal Regulation E regarding choice of financial institutions.

Mississippi has no State Wage and Hour Law provisions concerning pay stub information.

Mississippi requires that employee be paid no less often than semimonthly, biweekly, or on 2nd and 4th Saturdays of month for manufacturers and public service corporations.

Mississippi requires that the lag time between the end of the pay period and the payment of wages to the employee not exceed ten days after pay period; 15 days for public service corporations.

Mississippi has no general provision on when terminated employees must be paid their final wages.

Deceased employee's wages must be paid when normally due to the surviving spouse or next of kin.

Escheat laws in Mississippi require that unclaimed wages be paid over to the state after five years.

There is no provision in Mississippi law concerning record retention of abandoned wage records.

There is no provision in Mississippi law concerning tip credits against State minimum wage.

In the Mississippi payroll law there is no provision covering required rest or meal periods.

There is no provision in Mississippi law concerning record retention of wage and hour records therefor it is probably wise to follow FLSA guidelines.

The Mississippi agency charged with enforcing Child Support Orders and laws is:

Division of Child Support Enforcement

Department of Human Services

750 N. State Street

Jackson, MS 39205

(601) 359-4863

(800) 948-4010

Mississippi has the following provisions for child support deductions:

When to start Withholding? First pay period after 14 days from service.

When to send Payment? Within 7 days of Payday.

When to send Termination Notice? "Promptly"

Maximum Administrative Fee? $2 per payment.

Withholding Limits? Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time.

Charles J. Read, CPA has been in the payroll, accounting and tax business for 30 years, the last fifteen in private practice.

Mr. Read is the author of "How to Start a New Business."

To find professional payroll service at a budget price go to a paperless payroll company.

For a full service payroll bureau with CPA's on staff visit .

See an excerpt of Mr. Read's interviews from William Shatners "Heartbeat of America" television show on the web sites linked above.

28 Mai 2013

How Can Hiring Your Kids Help You Save on Income Taxes?

Hiring your children in your business can be a great tax savings strategy, as well as a way to teach your children about business and money.

Wages paid to your children (between the ages 7 and 17) are a valid business deduction, as long as they do bona fide work, and they are compensated fairly.

Your children can earn up to $5,350 (the standard deduction amount for 2007) before they will owe any income tax. Because you are getting a business deduction for the wages paid to your child, this is income that you also will not pay taxes on.

In addition, if your children are under age 18, you don't have to pay Social Security or Medicare taxes on them. You do not have to pay unemployment taxes on them as long as they are under age 21. This is a huge tax savings since you would have to pay these taxes on any other employee you hired.

Even if you pay your children more than the standard deduction amount, you will still come out ahead. In most cases, your children will be in a lower tax bracket than you, so by paying them a wage, you are shifting income from your higher tax bracket to their lower tax bracket.

Strategy: If you are paying your children more than the standard deduction, they can shelter even more income from taxes by opening an IRA account.

Hiring your children does not raise a red flag with the IRS, but you should document your children's salary and services provided to audit-proof your tax return. To do this, keep a time sheet showing the date, hours and services provided by your children, and write them a check for their wages.

Note: You may have heard of the "kiddie tax". Earned income, including wages that you pay your children, are not subject to the "kiddie tax" rules, regardless of their age.

Example: In 2007, you can pay your child up to $5,350 (the standard deduction amount in 2007) before either one of you would incur any taxes. Suppose you are in the 28% tax bracket and you pay your 15-year old son $5,000 over the course of the year to perform office related tasks.

You get a business deduction for the wages paid to your son, saving you $1,400 (28% of $5,000). In addition, this reduces the amount of profit that is subject to self employment taxes (15.3% of $5,000 = an additional tax savings of $765). Your total tax savings in this example is $2,165.

Since your son's earnings are less than the standard deduction amount, he does not owe income taxes on his earnings. In addition, because your son is under age 18, you do not have to pay Social Security, Medicare or unemployment taxes on him like you would with a regular employee.

Action: If you have children between the age of 7-17, consider putting them on the payroll. You will need to keep time sheets showing the dates, hours and services performed. You should also write them a check to substantiate the wages.

Filing Guide: You will need to file quarterly payroll tax reports (Federal Form 941, state payroll tax forms) for your children (even though no taxes are due). In addition, you will need to file a Form W-2 for your children at the end of the year.

Sources: IRS Publication 15, Chapter 3, Family Employees

Orthodox Jew Next Oil Baron?

H. Sam Hyams, a Toronto businessman and Orthodox Jew, is on his way to becoming a major player in the world oil markets with his company Strat Petroleum, Ltd. A well respected businessman in Canada, Hyams has a strong network of contacts in the U.S. and especially Russia.

His company is investing in the development of oil fields in Russia through direct investment or the establishment of joint ventures. They are also leveraging relationships with local refineries to secure refined oil product for sale to international markets, in order to generate revenues and cash flows. To achieve these objectives, Hyams is following an aggressive acquisition and sales strategy and pursuing the best financing alternative for each opportunity in order to realize early returns on investment.

His aim is to be selective in securing those opportunities that have the lowest risk while diversifying sources of revenue through sale of crude oil and refined products.

Mr. Hyams, CEO and President of Strat Petroleum, Ltd holds a Masters Degree in Business Administration from York University in Ontario and is a Chartered Accountant. His extensive experience over the past 20 years in Canadian industry and on the international scene has included positions in finance and accounting to assisting in establishing new ventures by securing financing, and managing their business plans. If successful, Hyams will join only a handful of U.S. companies successfully penetrating the Russian oil landscape.

The Company is a publicly traded on the NASDAQ Pink Sheet Exchange (symbol:SPRL) and their website is

27 Mai 2013

A Critical Review Of Isagenix Network Marketing

You might be reading this write-up probably because you are a part of Isagenix Multilevel marketing business already and you really are trying to take your home business to another level. Or you are considering Isagenix Multilevel marketing business opportunity. Well, you have come to the correct page. To better evaluate any Network marketing business company, it really is wise to think about the ownership with the company, the merchandise which they company are providing, their advertising plan. I most certainly will break all these down on this Isagenix review.

One critical component you must analyze when looking at a company is the multilevel marketing experience of the leaders of the company and they whole management. Inc ase of Isagenix, Founder John Anderson and Co-Founders, Jim and Kathy Coover do have network Marketing experience. This is definitely a big plus for them. That way, they do know first hand exactly what it means to be a typical Network Marketers on the street.

An aspect you must think about just before you join Isagenix is likewise the marketability of the products. ISagenix markets cleanse products, skin products and nutritional products. Let me just be the first to convey to you that We have never promoted any consumable product Mlm company. Notwithstanding, Isagenix products are somewhat marketable. You may definitely earn cash selling and promoting them.

To build an income with isagenix, you should discover ways to market. When I say market, I am not really referring to marketing isagenix. I'm speaking about marketing yourself as a leader. Isagenix is already carrying out a good job of marketing themselves. Here is your own enterprise. You will need to take ownership of it. People only do business with people. People will buy from you once they learn that you are able to lead them to the financial freedom promise land.

To building an income with isagenix, you should build list. Your list is the biggest instrument that you have in any home business. However, the list that i'm talking about is different list as one which has friends and family . You cannot develop a multi million dollar free enterprise with relatives and buddies. That's only a actuality. It's essential to generate leads online. I am not speaking about buying leads. Those are merely opportunity seekers. All they actually do is seek. They'll never buy what you're selling.

You'll need an only generation system that can provide you with a self branded page with a leads capturing system. A few advantage of the system is listed below;

' One easy strategy Sure to put money inside your pockets immediately.

' How to sign up more customers and distributors without picking up the phone.

' How you can earn money fast even though NOBODY joins your company!

' The way to reach An incredible number of prospects with the push of your mouse

shola Abitogun is the co founder of MB International. For more on isagenix review and how to make money in isagenix business, visit our blog.

26 Mai 2013

EBT Card Holders Only

On a beautiful Sunday afternoon, (September 19th 2010) I was driving back home from Church when and idea struck me. Have you ever heard of MPB? Well, it stands for "My Premier Business". Out of all the income opportunities I’ve been a part of, THIS ONE ROCKS! Crazy money is being made here. MPB allows anyone to make a substantial income and never have to worry about groceries, gas or any other Wal-mart/Sams club item ever again. This program is Legit. But back to my idea.

This is what I came up with. Since MPB is the only online grocery store to accept EBT, why not purchase your groceries from MPB and either sell $200 in food stamps or use your EBT cash to get yourself into the program. Let’s look at the logic here.

Let’s say you sold $200.00 of your food stamps to a friend, family member or whoever wants to buy your food stamps and not have to pay taxes on their grocery purchase (using the EBT card). What have you lost? Nothing. Since you sold $200.00 in food stamps and got into the business, MPB gives you a $200.00 food voucher towards groceries that you would spend at Wal-Mart or any other grocery store.

It’s a great idea, and marketing tool. Do you know of anyone who has an EBT card? Do they know of anyone who has an EBT card? If so, then you are on your way to financial freedom.

MPB’s compensation plan is (in my opinion) the best I’ve ever seen. Join as a member and purchase a grocery voucher for $200 (plus $10 website fee). Immediately you may order $200 worth of groceries or you may choose $200 Wal-Mart Card. Then you are placed at the top of your own 2 by 2 matrix. Know anyone who buys groceries and shops at Wal-Mart or Sam's Club? Refer only 2 and you are qualified to be paid over and over again. If you never get 2, you can still use the $200 voucher for groceries delivered to your front door. Visit this website>>>> to see how it works in detail. "Its better seen then said"

These days, more and more people are allowing governmental programs to have control over their income. Its time for a change. Why not use those same programs to pay your way into financial independence. Never have to worry about not having enough ever again. This is your way out of the rat race. Start your independence today with Mpbtoday and sign up at http://www You can eliminate all of your money worries in no time. This is a way for you to make a good income and have fun doing it. How easy is it for you to find people with EBT cards? You deserve it to yourself to check this opportunity out and make a decision. The ball is in your court now.

What is Equity Financing vs Debt Financing?

If you are starting a business and are looking at your financing options, there are two types of financing available: equity financing and debt financing.

Debt Financing
Debt financing means taking out a loan (money that is to be paid back over a certain period of time, usually with interest). Debt financing is either short term (the loan is to be repaid in less than a year) or long term (the loan is to be repaid in more than a year). Lending parties will also look closely at the business's debt-to-equity-ratio.

When taking out a business loan, the only obligation of the business is to repay the loan according to the terms that were agreed upon. The lending party does not gain ownership in the business.

Many lending institutions require the owner(s) of smaller businesses to personally guarantee the loan. In such a case, the commercial loan becomes the same as a personal loan.

If you are starting a home based business and are looking to take out a commercial loan, then you will be definitely be asked to personally guarantee the loan.

Advantages of Debt Financing
The biggest advantage of debt financing is that the lending party does not gain any part of ownership of your business and your only obligation to lending party is to repay the debt. Also, repayment of the loan is typically a fixed expense, according the terms of the loan.

Dis-Advantages of Debt Financing
The biggest dis-advantage is that the business will not have all of its cash flow available to do business. Also, the interest that is owed can be high.

Equity Financing
Equity financing is when you (the business owner) sell an ownership interest in your business in exchange for money. The business owner and the investor(s) shares the business and the risks that come with it.

Equity financing is a form of financing your business without incurring debt. With equity financing you don't have to take out a loan since the funding is already coming from an investor in exchange for a piece of ownership in the business.

Many small and growth-stage businesses use equity financing as a source of funding. There are many sources of equity financing including non-professional investors such as family and friends, employees, etc. The most common source, however, are professional investors known as venture capitalists.

Venture capitalists are looking for businesses with the potential to grow, thereby increasing the value of their investment. They do not expect to see an immediate return on their investment.

Most venture capitalists focus on certain types of businesses such as, start-ups, specific industries (health, technology, service) or technologies.

Advantages of Equity Financing
The major advantage of equity financing is that the cash flow that would have been used to repay the loan, can be used to grow the business.

Dis-Advantages of Equity Financing
The major dis-advantage of equity financing is the loss of interest of ownership of your business and also the possible loss of complete control that can accompany a sharing of business ownership with investors.

You are free to reprint this only if the article text link is included:

If You Have Questions About Starting a Business visit

Video Source: Youtube

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25 Mai 2013

Prosperity Automated System � Your Key to Passive Income

Want to live life on your own terms, where there are no 60 hour work weeks, no demanding bosses to report to, no sales target to meet? Do what you love to do. Work your own schedule? Spend quality time with family and friends, enjoy, have fun, yet your bank balance increases daily?

If you answered yes, then home based business is for you. And the best home based business today is Prosperity Automated System (PAS) , bar none! PAS is 100% Automated Home Based Business where you enjoy up to 7 streams of income working just 9 minutes per week and earn up to $3000 per sale!

Is this for real?

Think Prosperity Automated System hype? Too good to be true? Burnt your fingers with business opportunities, which promised you the sky but fail to deliver?

I also felt the same about Prosperity Automated System when I first heard about it! Then I realized hundreds of people like me are making a fortune with PAS. I checked out practically every home based opportunity and found PAS is the only one that met ALL the criteria that I was looking for:

A reputable company

A Unique product

Sold a “big ticket item” so I could make $3000 per sale instead of $30 per sale

Provided a passive income stream for life

Besides, PAS has been featured in many national home based business magazines. PAS is also going to be featured in Discovery and CNN channels for their ground-breaking success and transparent business policies.

A little time and an open mind. That's what you need to invest to grasp the power of this amazing opportunity.

How does PAS work?

Prosperity Automated System takes care of all your business needs – finding out the right customers, calling them up, following up with them, closing sales, etc. It's like a full fledged virtual back-office that manages all you marketing efforts. No wonder, PAS has been labeled as the 'Best Self Promoting Multi-Income Marketing Tool in The Market'!

How does PAS work if you are doing literally nothing?

It's simple, dude! PAS’s automated system provides you with a full fledged internet back-office. From an integrated website to internet marketing and mailing you the checks, it does everything. It also takes out the pain of calling up your prospects and explaining them the benefits of the automation system.

The only thing you have to do is be patient, for the check to come to you.

So what does Prosperity Automated System offers you?

Uninterrupted cash inflow, resulting in unlimited financial and time freedom

Quality time that you can spend with your family and friends

Freedom to indulge in your hobbies/passion

Living the life on your own terms - KINGSIZE

In Summary, Prosperity Automated System is a spectacular home based business concept that ensures unlimited financial security and personal freedom. It is a opportunity where anyone can succeed – even your grandmother! You cannot fail with PAS even if you tried!

To learn more about Prosperity Automated System check out

Is A Great Work at Home Opportunity?

Working at home is a great way to earn extra money - it can provide the flexibility of being on your own schedule. However, there are a lot of work at home jobs that are not what the outward appearance seems to be. Below is an review to help you decide if it's right for you....

Positives of

-Mike Gallagher is a respected talk show host especially with conservatives and he not only speaks on the site but he also has his picture on the site. This puts his name and face in the spotlight promoting People that have gained popularity over years of hard work normally enjoy keeping their popularity, so I would hope he researched this opportunity before deciding to put his name and face on the home page.

-The Better Business Bureau (BBB) rating on the site of is an A+. A high rating with the BBB makes the opportunity look safe and reliable.

Negatives of

-There is a free trial offer that will allow you to look into this work at home opportunity for two weeks without any fees (except for shipping of the "Home Business Training Package" for $9.95). If you read the fine print, however, you'll notice that your card will automatically be charged an additional $39.95 after 14 days.

-There is not enough information on the site. If it were I looking at this opportunity I would question what this company really does. There are a few quotes from active members and within the quotes there are no mentions of what type of business a prospective marketer would be involved with. I'd like to know what I'm selling going into a new venture. Once again, if you read the fine print, you'll see that this is really a lead into Herbalife International, a well-known MLM.

-Mike Gallagher, a quite well know talk radio host speaks about on the site. Mr. Gallagher, of course, gives a quick positive testimonial about the site as well as promoting being your own boss. Listening to this Mike, however, still leaves me with the same questions...

What does this company do, what are they looking for in a prospective marketer, and how exactly someone would make money with their opportunity?...

-I was skeptical about the BBB giving this company a great rating so I looked into this a little further. The BBB gave an A+ to Online Business Systems, not The company with the A+ rating has the rights to sell to distributors (such as Income at Home). The distributors are not considered A+ or even BBB accredited. The individual distributors would have to apply to obtain their own rating from the BBB.

In conclusion, I would not be interested in this particular work at home opportunity due to the fact that traditional MLMs are a bit outdated. There are a lot more viable ways to make money leveraging the power of the internet. The days of cold calling and harassing your friends and family are dead, taking MLM opportunities like Herbalife along with them.

24 Mai 2013

Cross Cultural Communication needs...

Within the business context, cross cultural communication refers to interpersonal communication and interaction across different cultures. This has become an important issue in our age of globalisation and internationalisation. Effective cross cultural communication is concerned with overcoming cultural differences across nationality, religion, borders, culture and behaviour.

Cross cultural communication is critical to the business world. The diversity of people in cities and countries means an element of cross cultural communication will always be needed whether it is between staff, colleagues, customers or clients. Awareness of cultural differences can favourably impact the success of a business. Improved staff interaction, better customer relations and effective client management are all areas that will reap benefits through cross cultural understanding.

Although cross cultural communication competency can only be truly achieved through cross cultural awareness training, language acquisition, foreign travel and cultural immersion there are some guidelines that can enhance your cross cultural communication skills.

Cross Cultural Communication needs Â…Listening Skills

Although emphasis usually lies on being a competent speaker, listening is a key skill that many business personnel do not exercise enough. For cross cultural communication, attentive listening is critical to be able to understand meanings, read between the lines and enable to empathise with the speaker.

Cross Cultural Communication needsÂ…Speaking Skills

Listening and speaking must work in tandem for effective cross cultural communication. Speaking well is not about accent, use of grammar and vocabulary or having the gift of the gab. Rather, cross cultural communication is enhanced through positive speech such as encouragement, affirmation, recognition and phrasing requests clearly or expressing opinions sensitively.

Cross Cultural Communication needsÂ… Observation

Large amounts of cross cultural information can be read in people’s dress, body language, interaction and behaviour. Be aware of differences with your own culture and try to understand the roots of behaviours. Asking questions expands your cross cultural knowledge.

Cross Cultural Communication needsÂ… Patience

Man has been created differently and we need to recognise and understand that sometimes cross cultural differences are annoying and frustrating. In these situations patience is definitely a virtue. Through patience respect is won and cross cultural understanding is enhanced.

Cross Cultural Communication needs Â…Flexibility

Flexibility, adaptability and open-mindedness are the route to successful cross cultural communication. Understanding, embracing and addressing cross cultural differences leads to the breaking of cultural barriers which results in better lines of communication, mutual trust and creative thinking.

Following these five cross cultural communication needs will allow for improved lines of communication, better cross cultural awareness and more successful cross cultural relationships.

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FHA HAMP Loan Modification Requirements & Guidelines

Department of Housing and Urban Development Secretary Shaun Donovan proclaimed today the Federal Housing Administration has completed changes to its loan modifications initiative so that it will further tie in with President Obama's Home Affordable Modification Program (HAMP) under Making Home Affordable. It is in all likelihood that the new FHA mortgage modificationguidelines will be in place by August 15th.

How does this help you? Well, if you currently are responsible for a loan held by the Federal Housing Administration (FHA), you will be able to drastically lower your monthly loan payments, interest rate, and possibly complete a partial principal forbearance or balance reduction (a decrease in the amount you owe on your loan), provided you meet the new guidelines.

borrowers that have successfully realized a mortgage loan modification through Obama's Making Home Affordable Program have had miraculous results, some decreasing their mortgage rates to as low as 2% on 30 and 40 year permanent loans, saving thousands of dollarseach month on their home loan.

The Burst of the Housing Bubble is a very stimulating era for homeowners in FHA loans, as they now similarly can reap similar outcomes. Qualifying for the FHA -HAMP can be somewhat awkward, and there's a good deal of gobbledy-gook out there on how to qualify. We're going to resolve the gossip, and help you understandhow to get qualified, ModificationZoom style.

First we should cross the "eligibility" bridge - Your mortgage servicer needs to be FHA-Approved to modify under FHA-HAMP. The bulk of banks that offer FHA mortgage loan programs are approved. The superlative way to resolve whether or not your servicing bank can amend your mortgage lien under FHA-HAMP is to call and query if they take part in the initiative! If your "mortgagee" (lender) is eligible, your next step is to make sure that you are eligible!

Your current home mortgage must be an existing FHA-backed single family home loan, and the present mortgage must be behind, meaning that you are 1 payment past due more than 30 days, but less than 12 full loan payments delinquent.

Your abode must be a FHA insured single family home (1-4 units), home mortgages previously adjusted under HAMP do not qualify, you must have had the loan for 12 months, and here's a great piece of information: There is no net present value (NPV) check for eligibility!

(The NPV assessment is used to conclude whether it is agreeable for your mortgage holder to amend your lien. Under this initiative, it doesn't matter if it is financially optimal for your mortgage company to amend your mortgage or not! If you qualify, your servicing bank should change your home loan, in spite of the quantity of equity you have in the house!)

There is no maximum loan amount for home loans eligible for mortgage loan modification, and it have a bearing what your credit looks like! There is no appraisal required, and your FHA - HAMP modified mortgage lien needs to be at a lower interest rate and payment than what you already possess!

For supporting evidence, you will need to present the following:

1) Hardship Letter

2) income Documentation - Paystubs & W-2s, or Profit & Loss Statements & Full Tax Returns if you are Self-Employed.

3) 3 Months Bank Statements

4) Financial Worksheet of income & Expenses

5) Hardship Affidavit

So what is going to occur when you achieve a loans modifications through FHA - HAMP? First, you will be placed in a temporary mortgage modification payment plan, and after you make the first 3 payments under your new plan, FHA-HAMP can be fixed for the life of the loan.

Your home mortgage will be adapted to a 30 year fixed rate to a (proposed) front end DTI of 31%. You must confirm that your back end (proposed) DTI is below 55%.

What exactly does this mean? Your "front end" DTI can be calculated by dividing your mortgage loan expense by your gross income. Your "back end" DTI can be calculated by adding all of the monthly payments that show up on your credit report by your gross income - e.g. - credit cards, automobile loans, and other home mortgage payments.

Conversely, to calculate what your new payment will be, simply multiply your gross income by 31 percent!

Alright, I can appreciate that was tons of information, so we're going to encapsulate everything with a "To-Do List":

1) Confirm that you own an FHA loan, and that your Mortgagee (mortgage lender) is FHA - Approved.

2) Your home mortgage must be at least 1 payment late, but not more than 12 payments late.

3) Make sure your home is 1-4 units, that it is your primary and only residence, that you've had the loan for 1 year, and you haven't previously modified under HAMP.

4) Fill out the hardship affidavit, write a hardship letter, document your income, completed a financial worksheet, include bank statements and submit the package to your lien holding mortgage bank!

5) Get your home mortgage modified!

The remainder of the particulars out there on FHA - HAMP is relevant, but not necessarily stuff that has to be absorbed to get a loan modification through the government program. For example; your mortgage holder will influence how to get to the goal 31% payment by giving you a 30 yr or 40 yr fixed term and the calculated fixed rate, and may have to lower your principal to help you qualify for the payment you need to be financially stable. For more information, contact ModificationZoom toll free at (866) 760-9099.

ModificationZoom is not a Government Agency, but we do understand the ins and outs and loopholes of FHA - HAMP, and can help you.

Alright, now you're ready to rock and roll with the FHA Home Affordable Modification Program (HAMP).

23 Mai 2013

JK Ellis

Silent Subliminal Audio Creator Software

Of all of the various self-improvement resources I make available, one of the most popular and one of those which I receive many questions and requests about are products for achieving altered states of consciousness and accessing the infinite powers of t... Read >

18 Ways To Join The Illuminati

The idea of a secret cabal of mysterious forces that make up the Illuminati has for some a "romantic" appeal. Granted that appeal may be filled with fear but it's a concept they hold on to in spite of reason. Most of the Paranoid Conspiracy Theorists (... Read >

10 Ways to Build a Cult Like Following

10 Ways to Build a Cult-Like Following By JK Ellis Author of Mind Control 101 Recently I was contacted by a very successful Internet marketer who asked me what I would suggest to someone who wanted to create a cult-like following. This is right ... Read >

How to Apply Illuminati Control In Everyday Life

Whether the Illuminati exists or not is not something that will be argued in this article. Instead let's take all that is rumored about The Illuminati and extrapolate rules that anyone can learn and apply into their lives to gain more and more control. ... Read >

Rapport vs. Compliance: How to Get A Completely Compliant Prospect

There is a lot of talk in the persuasion and NLP community about rapport and how to gain it. Yes, it is absolutely true what they say that "With rapport anything is possible and without it nothing is possible." Plenty of trainers have dedicated a LOT o... Read >

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The Quest for Passive Income

Passive income, residuals, royalties three ways to get paid multiple times for a one-time effort. You write a song in 1970 it gets covered by many artists. Each artist sells many albums or radio stations play your tune and Presto! you get a royalty check in the mail, even decades after you first published the song. Here's another example:

The Best-selling author, Robert Ludlum was an extremely popular spy-thriller writer. Espionage based fiction was at its peak during the Cold War Years prior to the collapse of the Soviet Union and the Berlin Wall. Two of his titles, The Bourne Identity and The Bourne Supremacy were written in the mid-seventies, roughly thirty years ago.

Both books became recent smash hits starring Matt Damon. Mr Ludlum gets royalties from the box office,VHS and DVD and (I am assuming) merchandise sales from these films. Not only that, the movies have stirred up an interest in all of his books. They have been re-printed and released again to the book-buying public. All of this from two books he wrote 3 decades ago! Can you say Ka-ching!

That is the power of residual income. I intend to write a bestseller one day. It has always been a dream of mine. My Father was a writer and I come from a family of devoted readers. I have a passion for books and that is what impels me to write. The idea of royalties is just icing on the cake. But such enticing icing!

Building a passive income is also one of the main reasons people get involved in Network marketing. You can build a Network that continues to grow even after you have retired from the business. Take a month off -check's in the mail. Take a year off to backpack through India - there's a check coming in every month you are away. Try to do that with your job. Or harder still: Try and leave your employees to man the helm for a year and see what happens. Maybe, not so good.

There has been a lot of talk lately that MLMers are only interested in feathering their own nests. That their primary interest is sponsoring new distributors and not promoting products. To make a decent income you have to build your down-line. To create a passive stream of income you have to build a network.

I don't know how wide spread this is but I do know that Tahitian Noni International is approaching $4 Billion in product sales ( if my stats are current ) and there is a bottle of Tahitian Noni Juice sold every 1.2 seconds somewhere in the world. I also know that there are many TNI distributors building massive down-lines.TNI is expanding into brand new markets every year and that allows you to take part in many ground-floor opportunities. The Juice is on the move.

So, it seems to me it is not an either/or situation. You need to promote the products in order to promote the opportunity. The sales figures speak for themselves: a 20% increase over last quarter.

I can't speak for the rest of the Industry but if you are looking for a chance to build a residual and income and wish to represent a briskly selling product then I suggest you look into the Tahitian Noni International opportunity. Click on the link below and explore the Home page. Your dreams may be closer than you think.

- David Parton 2005

22 Mai 2013

A Blessing in Disguise: Credit Card Debt Management Services

Credit cards are the greatest innovation of the modern world. But as they say everything has its pros and cons. Overspending through credit cards has become a universal phenomenon. This is a trend not only among the working class but also students. It is a result of the fast pace of life surrounded by diverse necessities.

Professional debt management services can help you to manage your credit card debts in an effectual manner. The credit cards under the debt management program are usually debarred for usage. Any extra expenditure would not be feasible, as it would go beyond the stipulated amount.

Plastic money as the credit cards are usually referred to, can facilitate you with the financial freedom to spend on your necessities with ease. The problem arises when we realize, that too much spending has resulted in a pile of debts. In such a scenario debt management services can come to your help. It also includes credit counseling, which facilitates you not only throughout the management program but also to manage your fiscal well- being after the completion of the program.

Credit card debt counseling constitutes a vital part in managing these unpaid debts. Counseling can not only enable you to sort out your existing debts but also equips you to get your finances back on track. Experts can help you to chalk out a budget to match your situation.

Credit card debt management is an ideal solution to make your multiple debts manageable by consolidating them under one single debt. The debt management services, thus takes away your worry of tackling with different debts separately. It offers you with benefits such as lower interest rates, reduced monthly repayments.

Besides providing management services for credit card debts, these agencies can also lend a helping hand by negotiating with your lenders on your behalf for lower monthly installments.

With a swamp of lucrative credit card offers available in the market. One often gets tempted to apply for this plastic money. Hardly, realizing that indulging in too many credit cards can become an addition.

You can get access to these credit card debt management agencies with the help of Internet. All you need to do is access these websites, fill up a simple form including your personal information and how you utilize your credit cards. A financial expert would then get in touch with you to proceed with the management of your card debts.

How does Floor Plan Financing work for Car Dealerships

Floor plan financing is a key element of the auto industry in both Canada and the United States . Exactly what is floor plan financing and how does it work?

This type of financing is in effect a short term inventory financing for both new and used car dealerships . Traditionally the floor plan industry was geared towards what we know as franchise dealers, i.e those dealers representing product for the likes of GM, CHRYSLER, FORD, etc .

The financing allows the dealers to carry sufficient inventory to satisfy customer needs and demands re model types, accessories, options, etc . It is an extremely large market in what is of course a multi billion dollar industry .

When floor planning financing works properly it is effective, has a reasonable cost attached to the financing, and is totally transparent to the consumer . As consumers when we drive past auto dealerships, either new or used, we don't care how the inventory got there, we just know its there for us to examine and purchase .

Floor plan financing is executed on both a small and large basis . It is not unusual for finance firms to use more esoteric finance vehicles such as asset backed commercial paper, Special Investment Vehicles ( commonly called SIV's ) etc. to finance the billions of dollars of inventory that the industry needs to move product through .

Naturally, whether we are talking about the largest GM dealer in town, or a small used car dealership with multi lines of vehicles there has to be a finance program that can grow and backstop that inventory .

In the Canadian marketplace as an example, with which this writer is more familiar , the independent dealers have as much need as franchise dealers for this valuable type of financing .

We have all read recently that many of the tier one floor plan firms such as GMAC and CHRYSLER CREDIT have withdrawn substantially from the market . This has allowed a number of private firms to enter the market and capitalize on the withdrawal of the ' big boys ' . Additionally, as the banks perceived the auto market as significantly more risky in the current 2008-2010 economic turmoil they also have scaled bank in their previous focus on floor plan financing for car dealerships .

Finance firms that execute well on floor plan financing initiatives are those that of course properly funded ; they also know how to collateralize the inventory through proper legal documentation and registration. The average term for a car being on the auto lot tends to be within 30-90 days . The floor plan financier registers liens on the vehicle, and when the vehicle is sold that lien is removed . The finance firm of course profits from the ability to charge the dealership interest over that 30-90 day period . Naturally this process repeats itself continuously . Lenders must have reasonable confidence in the financial viability of the dealer, more experienced and financially solvent dealers can naturally command larger floor planning facilities . Dealers also are subject to rigorous audits of the inventory . The lender wants to know the car is still there and hasn't been sold and not paid for of course! Therefore VIN ( vehicle identification numbers ) are checked regularly by finance company personnel , insurance is validated, and random inspections are common

Overall the auto floor plan facility is a key aspect of the automotive market , and is a significant benefit to both new an car dealers alike .

21 Mai 2013

Automated �Big Ticket� Internet Home Businesses With 6-Figure Income Potential

I hate to admit it, but I piddled around the internet for four and a half years trying to generate the kind of big income I originally had envisioned for my home business. But like so many well-intentioned home business owners, big success with exciting profit potential eluded me.

Sure, all of my businesses were profitable right from the start, so in that sense, I was successful. But six-figure income potential? I’m afraid not.

Then, by sheer luck I discovered “automated,” internet home businesses that were selling highly-profitable, big ticket items. And what, pray tell, were they selling? Why, something that everybody—including myself— seemed to be looking for: A highly profitable turnkey home business opportunity!

In the beginning, the price for these automated home businesses seems a bit rich, but what are you being given in return? The potential to make $1,000 to $3,000 per sale! That certainly beats the heck out of selling $29.95 ebooks or trying to empty my garage of unneeded items so that I can sell them on eBay!

But that isn’t all. The success potential ratchets up from there, for while you have to refer your first sale up to your sponsor if you’re a top tier member, the first sale of each and every person you sell after that is yours to keep—as well as each first sale each of these people make— as well as each first sale of every person they bring on— and on and on infinitum.

People erroneously think of these as “pyramid schemes.” But after doing some research on the internet, I now realize that automated home business opportunities like these are commonplace and have been around for years. It’s just that up until recently, they have offered small ticket, “nickel and dime” retail products.

With these automated businesses, you not only sell valuable home business “how-to” materials, but the actual marketing system itself.

Typically you get a state-of-the-art storefront complete with a video that describes the home business opportunity, testimonials, information on the home business and wealth creation products—things only top-tier internet marketers can afford.

And it doesn’t end there. After a prospect requests a call back from your site, they receive a phone call from a team leader who is earning a 6-figure income using the system that can walk your prospect through the home business opportunity.

And what is your job? Getting people to your site. But for some of these automated businesses, even this is an off-the-shelf operation in which you utilize the company’s lead generation software, for a small additional charge.

I know from my own experience that the internet is a cruel place to the average home business owner. It’s populated by marketeers who are far more savvy than the average home business owner, and they have far deeper pockets.

These big time operators “own” highly searched keywords and phrases. For everyone else, it’s a constant daily struggle for good search engine placement, lots of links referring to their sites and on and on and on.

Not here. Because of the powerful and increasing demand for highly profitable home business opportunities and the collective strength of all the business owners who are out marketing these automated systems, the lowly work-at-home business owner finally has some search engine clout!

For more information automated internet home business opportunities, please feel free to visit:

20 Mai 2013

Standard Apartment Renting Qualifications

Apartment renting is fairly simple. However, you do need to meet the necessary requirements in order to qualify to rent. If you've never rented an apartment before, don't worry. Standard rental qualifications are pretty basic. Here's what you need to qualify:

NOTE: These qualifications don't necessarily apply to all apartments so check each leasing office for details.

18 Years of Age or Older: In most states, you need to be 18 years old or older to rent an apartment on your own. In some cases individuals just under 18 might be able to rent an apartment depending on individual state laws and requirements.

Solid Employment History and income: Apartment managers want proof that you can pay the rent each month. A solid employment history with corresponding wages is a clear sign of financial stability. Most apartments require you to provide proof of employment going back a few years. They also require that you include salary history. If you're co-renting a unit with a friend or family member or have a co-signer, that additional person also needs to provide employment and salary history.

Apartment Renting History: Apartment managers not only want to verify that you can afford to pay the rent but they also want to make sure you'll be a suitable, trouble-free tenant. That's why many complexes require apartment renting history. They require a list of previous apartments you've rented in the past. Apartment managers can check to see if you were a trouble tenant, failed to pay rent, or got kicked out.

Personal Credit Check/History: Having a solid employment history and a clean report card from other apartment complexes will only get you so far. Apartment managers also require a credit check to check your delinquency history, see if anything has gone to collections, and check out other financial marks that might not be evident in your employment or apartment renting history.

When it comes to apartment renting, you need to be aware of standard rental requirements. Your apartment search will be more effective if you have the required information on hand.

About the Author: Tim Jims has lived in tons of places across the US. So to help spread the word regarding his experiences, he writes about living in apartments. For more information on Baltimore Apartments, visit Avalon Communities.

Video Source: Youtube

Starting Salary and Income Ranges for Pharmaceutical Drug Sales Representatives

When I was a pharmaceutical drug sales representative, I remember that one of the doctors I called on had asked me how much money drug representatives make. When I told him the different salary ranges, he was very surprised, especially with what the high performers can make in this field.

The fact is that overall incomes of pharmaceutical drug sales representatives can come from a few different sources including base salary, sales bonuses and other benefits.

Base Salary

The main component of income for a drug representative of course is the base salary. The starting salary for recent university or college graduates with no prior experience in sales could be in the mid $30,000s to $40,000s range. Those with a few years of related work experience could negotiate to the higher end of this range.

Base salaries typically increase quite well with years of service to a pharmaceutical company. After several years, the base salary of a drug sales representative could be in the $50,000s to $70,000s range. Promotions to specialist hospital pharmaceutical sales positions will often result in an even higher range.

Sales Bonuses for Good Performance

Most pharmaceutical sales forces reward their drug reps with financial sales bonuses if certain quotas are achieved or exceeded. Depending on how much sales quotas or budgets are exceeded, the bonus component of a drug rep’s overall earnings can be very significant. This is how the big money in pharmaceutical sales is made.

High performers can earn bonuses that push their overall earnings to six figures. On top of that, the top pharmaceutical sales representatives can win special vacation trips as part of performance incentives.

Company Car and Other Perks

The use of the company car and other perks such as excellent health benefits will amount to the equivalent of several thousand dollars so these should also be taken into account. The cost of a recent model car and all the expenses associated with it such as fuel plus repairs do add up. All of these auto expenses are covered by the company. This is a very nice perk when considering that in most other jobs, car expenses come out from one's own pocket.

So when evaluating job offers from pharmaceutical companies, new sales reps who have never been in the industry should not worry too much about starting salaries. Income will go up significantly if performance is there. It is much more important to get the sales experience first and then in the future, there is always the option to move to other pharmaceutical companies if the overall earning potentials are greater elsewhere.

19 Mai 2013

Using A Saving Plan To Enhance Your Financial Future

The first step in beginning financial security is creating a personal budget. In order to plan a personal budget you have to know how much you possess and how much you owe. On the asset side of your life how much money do you have in your wallet? How much savings do you have in the bank? Do you own your own home or do you rent or do you have a mortgage on it? Do you own your car or do you have a loan on it?

These are all the initial items for consideration for building a personal budget. On the liability side you need to list the monthly car payment, the monthly rent or mortgage payment, utilities, charge accounts or credit card payments and other maintenance and upkeep expenses. You finished your basic homework now let's create a monthly personal budget.

A personal monthly budget is used to estimate what you earn and what you pay. It gives you an alert if you can plan in advance what each month you will earn in salary, dividend earnings and it will allow you to determine how much you will owe.

This is how I would set one up.

At the top of the list place the following categories on the left side of the sheet, projected monthly income, actual monthly income and on the right side place the categories, projected balance, actual balance, and difference, these will be handled after you total your debts. Under projected monthly income list the following subcategories, income1, extra income, and total monthly income.

Under the major category of actual monthly income list the following subcategories income1, extra income, and total monthly income. Beneath this header place the following categories, housing, transportation, insurance, food, entertainment, loans, taxes, savings or investments, gifts and donations and legal. Each of these categories will have projected cost, actual cost and difference columns added to each row within these major expense divisions. Each beginning of the month you must predict the next month's expenses, during the month as you pay those expenses enter that amount into the actual cost column. The end of the month you should enter the difference between the projected and actual cost into the difference column.

You remember those categories on the right side, projected balance, actual monthly income and difference? They are calculated by subtracting the total expenses from each balance. The difference is obtained from subtracting the actual from the projected. At the bottom the totals of the projected costs, actual costs and difference of the two are given. The maintenance of the personal budget as well as the decipherment of the spending trends should provide you with an invaluable tool to speed you towards financial success.

A personal budget set up in this manner can simplify the process of setting a certain amount of ones' salary or profits into a savings plan which is composed of simple interest savings, mutual fund investments for your retirement and a long range acquisition plan for real estate investment.

18 Mai 2013

High Risk Bad Credit Personal Unsecured Loans: Loans without Credit Check

Bad credit unsecured personal loans are a high risk loans for lenders given to people with bad credit history without keeping any security. These loans are offered to people with CCJ's, arrears, any default payment or due bills. The lender sees the present level of repaying capacity rather than previous credit record of the borrower. This repaying status is evaluated from your current monthly income and expenditure so that judges whether you are able to repay the debt or not. If you have sufficient savings then you can easily get a lender offering you the loan. You may use these loans for a holiday trip, marriage purpose or for home improvement according to your personal interest without the interference of lender.

In order to get the loan sanctioned you have to fulfil some requirements stated below:

a) you must be the resident of UK

b) you must be above 18 years

c) you must have a regular employment

d) you have to submit the proof of you name, address and employment

e) You will have to give the details of your monthly income and expenditure.

You can easily get the loan by filling the application form available at lender's office or on internet if you satisfy all the prerequisites. The loan amount goes up to £25,000 with a repayment period of 10 to 15 years. The interest rate is generally high as the loan is unsecured and you hold the bad credit record. This enhances a sense of insecurity in lenders and the high risk involved forces them to impose a high interest rate. It is advised to you to search the market well before going for a loan to get a cheap loan as various lenders offer various interest rates. Also you should be punctual in repayment as in case of delay the interest rate will increase further.


Bad credit personal loans are offered to people with bad credit history for their personal use without keeping any security. The high risk involved in these loans is compensated by the high interest rate so you must be careful before going for it. Also timely repayment is must so that you check the flow of your money in the hands of lender.

Johnty Flemming is an MBA in finance and has a rich experience of writing on topics related to finance. If you have any queries about bad credit secured loans, bad credit secured loans UK, bad credit personal secured loans visit

17 Mai 2013

Baby Boomers Retirement Options

What are you going to do now that you've done your shirt in the latest bear market?

Baby boomers are actually doing things their parents never did. Luckily baby boomers retirement options have completely opened thanks to the good old internet.

For the generation before the baby boomers, retirement was pretty much all-set. They retired in their early to mid-sixties, lived on their retirement and social security checks, sold their homes, and either moved in with their children to spend the rest of their lives looking after their little grandkids or lived on their own, cultivated a garden, and developed eccentric habits. In the winter, they handed the house over to the good care of their children or the grandkids, packed up the caravan, and headed off to Florida, California, Queensland, Spain, wherever they could find warm weather.

Not Baby Boomers; "have laptop will travel" is their motto. At least it was until their retirement was all but wiped out in the latest and greatest bear market.

The Baby Boomer generation is known for its consumerism. Boomers have every toy going. This includes their ongoing fascination with the computer and the wonderful internet. Most Boomers do not have a natural affinity for the computer. For them it has become an acquired taste. They are lucky enough to have the odd teenager around to help them through the minefield that is the current computer. In fact teenagers are now being surpassed by their younger siblings. Six year olds have a natural affinity with the computer and instinctively it seems have solutions for all kinds of problems that will freak out your average Boomer.

Boomers, more than any generation before them are looking for freedom; freedom to travel around their own country and the world. Many of them are used to travelling to exotic locations at their company's expense; conventions, meetings, sales presentations, etc; freedom to do what the what, when they want, with whom they want. They are looking for financial freedom as well.

Unfortunately, the housing market debacle of recent years, the corresponding decline in world-wide share markets and the dwindling chance of any government being able to provide for their retirement, has left many Boomers in a bit of a pickle.

The retirement they were looking forward to has slipped out of reach. Now you'll hear many Boomers say "I've got lots of good years in me, I don't want to retire". The reality is that millions of boomers cannot afford to retire. They in fact have to work to pay the mortgage, the credit cards and all those other loans they have "accumulated" over the years. Truth is Boomers would love to be semi-retired, working part-time to supplement other income (property, shares, government assistance etc)

More and more Boomers are looking at starting their own businesses and are leaving the traditional workforce in droves to pursue their dreams of freedom and a grand lifestyle.

Luckily there are a host of self-employment options for Boomers whether they are cashed up or not. Let's have a look at some options. I have categorised several possibilities for Boomers based upon two factors; Chance of Success and Cash Outlay Required.

High Chance of Success, High Cash Outlay

If you want to have your own business and be assured that it will be successful then you are dreaming! However, given you are committed to your own success, and I imagine you are if you are reading this; a franchise system such as a McDonald's, KFC, Baskin-Robbins or Super 8 economy motels, is probably the safest bet you can make.

The advantage of this type of business is that they have a system in place - a system that works. They have marketing and advertising nailed and 99 of businesses fail in the first 12 months. After 5 years, 55 have failed.

OK, let's say you have the money and let's assume you are going to succeed. After all, if you are going into your own business your mission statement is unlikely to read. There is a 20. The masses, the other 98% usually stumble around in the dark. A lot quit before the losses become unmanageable but a lot of people literally do their dough, and lots of it!

High Chance of Success, Low Cash Outlay

So far I have talked about businesses where the chances of success are low or the cost of getting yourself set up is so large it will present you with a real challenge.

The good news is that for baby boomers there are retirement options that are not going to cost an arm and a leg and have a very high chance of success.

A quick search on "Google" will present an array of internet and home businesses that can be operated by the Baby Boomer looking to achieve semi-retirement. In fact, a lot of these businesses can be operated from a laptop which allows baby boomers to travel and make money.

Which business is right for you? Which low cost business will you be able to get up and running quickly and efficiently with great training and support?

There are a number of companies that the author looked at in June 2008 and the only one that met all the criteria was Liberty League.

Liberty League International is a Direct Sales company in the personal development industry and has a presence in 147 countries. It is a privately owned company established in 2001 and has seen phenomenal growth, especially since 2005, when the DVD, "The Secret" was released to the world. Personal Development and the Law of Attraction became accessible to all with the release of this movie later to become a book.

What makes this company so good?

1. Low start up for a business at around $22,500

2. High chance of success. Whilst it's true that a small percentage of associates make the really big money, a large percentage of participants make a multiple six figure incomes

3. The training and support available is second to none

4. The program is so simple anyone can follow it and make a decent income

5. The business can be run part-time from anywhere that an internet connection and cell phone range can be found.

Baby Boomers retirement options have opened up thanks to the internet. Now you know about a great part-time, home based business opportunity where a substantial income can be generated for life. Get in touch with the author today and never worry again about how your government is going to take care of you in your later years.

Tax Questions For Inland Revenue P46 Forms

1. There can be a variety of reasons why a new employee does not have a P45 Whatever the reason if a new employee does not provide the new employer a P45 form on the day employment commences then the employer has a responsibility to submit the P46 form.

Completing the Inland Revenue P46 form is the method an employer uses to advise HMRC about the employment of a new employee who does not have a P45.

2. P46 forms should be sent to HMRC on the first pay day they are paid allowing a short period of time for a new employee who does not have a P45 to obtain one.

3. A new rule was introduced from 6 April 2008 if the employee has ticked either box A or B then the P46 revenue form does not have to be sent to HMRC until that employee earnings reach the lower earnings limit. PAYE records still need to be produced by the employer but official notification to HMRC is not required unless the lower earnings level is exceeded.

Should the earnings of the employee continue to be below the lower earnings limit then the earnings and employment would still be advised to HMRC on the P35 annual employers return.

4. If the new employee does not complete the Inland Revenue P46 form before the first pay day then the new employer should complete section one. Section one being the employee name and address, date of birth and national insurance number.

5. If the employee does not have a national insurance number then the employer must also advise the job centre. It is important to advise the authorities when the employee does not have a number to avoid illegal employment laws. The P46 revenue form can still be submitted to HMRC without a national insurance number who have the facility to trace the number from the information supplied.

While preferable for the employee to sign the P46 form the P46 tax form can be submitted by an employer without the employee signature.

6. If the employee does not complete the P46 the employer must deduct tax using a BR tax code taxing all earnings and excluding personal tax allowances.

7. The tax code to be applied to new employee earnings is dependent upon when the employee joined and which of the boxes A, B or C are ticked on the P46 tax form.

If box A is ticked then apply the emergency tax code which from 6 April 2008 is 543L and after 7 September 2008 and the new tax code 603L. Tax is deducted on a cumulative basis. If box B is ticked then apply the emergency tax code which from 6 April 2008 is 543L and after 7 September 2008 and the new tax code 603. Tax is deducted on a week 1 or month 1 basis.

If box C is ticked then apply the BR tax code. income tax is deducted on cumulative basis.

If none of the boxes A, B or C are ticked then apply the BR tax code and deduct tax on a cumulative basis.

8. If the new employee has ticked box D then student loan deductions should be made with effect from the first pay date provided the earnings level for deduction of student loans has been reached. Refer to the student loan deduction tables at Student Loan Table to determine how much should be deducted.

9. P46 forms can be filed online by an employer. When the Inland Revenue P46 form is filed online the employer should also have kept a record of how the information submitted was obtained.

10. Before the P46 Inland Revenue form can be filed online the employer must have obtained the facility to do so by registering with HMRC for a PAYE scheme. The HMRC website contains free software that can be used for this purpose.


Terry Cartwright, CEO at DIY Accounting and qualified accountant designs UK Payroll systems providing PAYE solutions for small to medium sized business with Payroll Software written on excel spreadsheets for up to 20 employees plus a payroll question and answer section including the Inland Revenue P46 form