Articles by drew miles on ArticleSnatch.com

Pathfinder Business Strategies Offers Timely Tax Saving Strategies To Survive The Impending Economic Downturn

Thu, 28 Aug 2008 00:00:00 -0500

Pathfinder Business Strategies, LLC a privately held company which advises corporations, consumers & small to mid size companies on asset protection, tax savings & wealth building strategies is urging all Americans to structure their finances properly to save as much money as possible on their taxes, and to prepare for the economic uncertainty facing the country. Pathfinder, which is located in Sebastian Florida, is run by Drew Miles, a former attorney who after practicing law for thirteen years realized that most of his clients were unprepared financially for any sort of drastic economic downturn. When the economy takes a turn for a worse, everyone starts tightening their belts, said Mr. Miles. But one place that is often overlooked is the amount of taxes they pay. Pathfinder Business Strategies has advised more than 5,000 small and large businesses, as well as individuals how to arrange their assets and income to pay the absolute legal minimum in taxes. We have found that the wealthiest people in the country are paying as little as 5% of their income in taxes, while the average person is paying upwards of 30-50% of their income in taxes.** End Summary**

About the Author:
I have spent years studying the tax code looking for ways to help people lower their tax bill and keep more of what they earn. Drew Miles Find Out More: http://www.save10kintaxes.com

Drew Miles Reviews Scams Facing Taxpayers

Mon, 16 Jun 2008 00:00:00 -0500

No one wants to pay more taxes than they are lawfully required to. But sometimes in their quest for lower taxes, many people will fall prey to many scams that promise a lower tax bill. In the end, these scams are always more trouble than they are worth. My name is Drew Miles, and I am known as the Tax Savings Attorney. My goal is to help as many people lower their taxes to the absolute legal minimum, without any risk of facing problems with the IRS. I don't want anyone going through an audit or facing IRS penalties, so I want to show you a few common tax scams to look out for. One of the most common scams comes from those who oppose any taxation by the IRS. They claim that there is no law requiring you to pay taxes, and they say that filing is voluntary. Whether or not the law is on their side, if you don't file your taxes, the IRS is going to come after you. A similar scam is to file a "zero return" claiming no income.** End Summary**

About the Author:
I have spent years studying the tax code looking for ways to help people lower their tax bill and keep more of what they earn. I have uncovered several tax deduction strategies that can be used by anyone to slash their tax bill and save thousands of dollars each and every year. Drew Miles Find Out More: http://www.taxsavingconcepts.com

Pathfinder Business Strategies Reviews Important Tax Savings Concepts

Mon, 24 Mar 2008 00:00:00 -0500

Pathfinder Business Strategies, LLC, a privately held company that advises corporations, consumers & small- to mid-size companies on asset protection, tax savings, & wealth building strategies, has earned their clients a substantial tax savings of over 15 million dollars. This is money that they would have had to pay to the IRS, but with the help of Pathfinder Business Strategies, they were able to keep. Pathfinder is currently cautioning consumers and businesses alike to make changes now to their corporate and asset structuring, as well as to review their tax strategies. Many of these strategies have only been available to wealthy individuals or Fortune 500 corporations but because so many people are now in business for themselves, or are individual investors, it is critical that they implement these strategies now so they do not over pay their taxes.** End Summary**

Ten Golden Tax Deduction Secrets

Mon, 22 Jan 2007 00:00:00 -0600

One of the key secrets to tilting the tax laws in your favor is to own your own business and shift the taxing structure to your advantage. In this article, we are going to cover just a small fraction of the 300 deductions that are available to you as a business owner. But first, Iâd like to start with a question: At any point in your life, did your accountant make it a point to do a comprehensive review of the tax deductions that you can put to work for you? If you are like most people, the answer is probably not. I don't mean that as a slam against accountants. It's simply a wake up call to the fact that most accountants and C.P.A.âs are simply income tax preparers, not income tax planners. They may do a fine job of preparing tax returns but the information that you are now learning is simply outside the scope of their services. With that as a background, letâs take some time to highlight a few of the more powerful, yet lesser-known deductions that are available.** End Summary**

About the Author:
I have spent years studying the tax code looking for ways to help people lower their tax bill and keep more of what they earn. I have uncovered several tax deduction strategies that can be used by anyone to slash their tax bill and save thousands of dollars each and every year. I also focus on helping people protect themselves from the potential financial ruin of lawsuits. Drew Miles Find out more and get three powerful tax saving tools at: http://www.TaxSlashing.com/?kw=article

Avoid Common Business Growth Mistakes

Wed, 17 Jan 2007 00:00:00 -0600

Business Growth Mistake #1 - Not Understanding the Importance of Creating Multiple Business Entities to Reach Your Financial Goals and Protect Your Assets From Lawsuits and Claims. Some business people I know keep their personal assets separate from their business. But a surprising number, maybe even you, donât. If you keep multiple streams of income together in one business or corporation, it can lead to financial disaster and literally wipe you out. It Only Takes One Small Hole To Sink Your Financial Boat! A dramatic example happened to a good friend of mine that illustrates this fact. Patrick started his own boat sales business and sold million-dollar boats. After he sold quite a few of them, he realized that when a client buys a boat, they need a place to store it! He said to himself âwouldnât it be a great idea to also open a marina? Doing so would create another stream of income.â Well his marina started doing really well, and when you own a marina, a land storage business next to it is common. Yes, Patrick also started a land storage business. His businesses were exploding and building an excellent reputation in Florida.** End Summary**

Learn to Audit-Proof Your Tax Records

Mon, 15 Jan 2007 00:00:00 -0600

Begin by building your documentation system. There are more than 300 tax deductions available to small business owners. By converting many of your personal expenses into legitimate business deductions, you can have a HUGE impact on you financial well being. For example, lowering your expenses makes it easier to become financially free (or as Robert Kiyosaki says it "Get out of the Rat Race"). For those of you who are in debt, the money you save by paying the correct amount instead of over-paying your taxes can be used to accelerate down your debt. For those who are looking for ways to put more into a retirement plan so that their financial future is secure, you can use the tax savings to fund your retirement. Yet, learning additional deductions is only part of the process. You have to maintain the proper documentation in order to substantiate these deductions. If you don't properly document your deductions, you risk losing them in the event of an audit. The Burden Of Proof With all the court TV shows that are on, most people are familiar with the concept of Burden of Proof.** End Summary**

Get Ready to Overpay Your Taxes...Again

Tue, 09 Jan 2007 00:00:00 -0600

Each year, millions of Americans severely overpay their taxes. Are you one of them? Chances are if you are still working on the W-2 tax system, you are! Many people don't realize, but there are two vastly different tax systems in this country. Let's call them the educated tax system, and the uneducated tax system. The educated tax system is used by the wealthy who have taken the time and effort to more fully understand the intricacies of the tax code and arrange their affairs such that they pay single digit taxes. However, the uneducated tax system is used by those who simply accept the idea that the federal government is entitled to a huge part of their income, often over 40%, every single year. The difference is like night and day. The line under your income on your pay stub is where these two systems differ. With the uneducated tax system, you subtract the three lines under your income and the remainder is the amount of your income that you actually get to keep. So you With the educated tax system, the first line is your reported income as with the uneducated tax system.** End Summary**

Failure: A Misunderstood Key to Business Success

Wed, 20 Dec 2006 00:00:00 -0600

I called one of my mentors recently about a new idea I was exploring to promote my business. It concerned promoting one day seminars which would require an investment of $50,000 each. I explained that although I was new at this aspect of the business, I was working with someone who had done similar, though not identical events so I felt a high level of confidence for our success. I figured Iâd try it once and if it worked out, I would continue. If not, I would cut my losses and drop the idea. His suggestion was âDrew, youâve got to plan to do at least three or four of those events before you work out the kinks. Be prepared to lose money on the first few.â In other words donât do the event if its overall success depends on you getting it right the first time. No one gets anything 100% right the first time through. Hereâs what happened. The first event lost over $20,000. We made some changes to the format and the second event broke even.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Now my primary focus is on helping people save money on their taxes and protect themselves from the potential financial ruin of lawsuits. Drew Miles Find Out More: http://www.americantaxreliefonline.com/?kw=article

Want to Rake in Big Bucks in Your Business? Be Coachable!

Mon, 18 Dec 2006 00:00:00 -0600

I just finished a speaking engagement in Vancouver. During one of the breaks, two ladies approached me and asked my opinion about the current state of their business. They had taken several real estate courses, read a number of books, and attended four different âwealth buildingâ seminars; yet they still hadnât purchased their first property. In fact, they hadnât even made their first offer. Sound familiar? It is a very common problem. They took me up on my invitation to discuss their situation over a cup of coffee. For the first five or ten minutes they expressed their frustration about not getting started and about making a significant investment yet not seeing any return. They shared how their personal situation was getting in the way of their business dreams. In about ten minutes the cause of their problem became obvious: They weâre trying to conjure up and solve every conceivable problem they might face ahead of time instead of taking their first step forward. Now, Iâm a believer in planning and problem avoidance techniques. Yet, may people get bogged down in the âwhat-ifsâ and never get into the game.** End Summary**

No Time To Set Goals? Think Again!

Fri, 15 Dec 2006 00:00:00 -0600

Learning to effectively manage your time is paramount to your success; you will not be as successful (financially, emotionally, spiritually or in your family life) if you donât. The good news is that there are some tools to make the job much easier. Keep in mind that each one of these tools can be, and in fact is the subject of books, tape sets and seminars. I encourage you to go into each one more deeply. My purpose here is to outline the tools that I have found most useful in my own life. Some youâve heard of already and you may benefit from a new perspective. Others will be new and you may want to add them to your existing tool belt. Goal Setting The fact is that most people spend more time planning their wedding and vacations then they do their life. As a result most weddings and vacations are well orchestrated, fun and joyful events and most peopleâs lives are in varying stages of disaster. With a road map, you can find your way anywhere. Without one, youâll be lost before you know it. A well thought out properly organized set of goals is your road map.** End Summary**

Want A Better Retirement Plan? Own Your Own Business

Mon, 11 Dec 2006 00:00:00 -0600

So about ten years ago, I had what I now recognize as a defining moment in my life. I was building a successful law practice on eastern Long Island and I found myself discussing the virtues of practicing law with some of the âold timersâ in the area. They told me about how proud they were having built their own practice to the point where they could support their family in a comfortable lifestyle and put their kids through college. With any luck, by the time they were 65-70 years old, theyâd be able to âslow down a little, maybe even retireâ. All the while, I began to read books and listen to audio programs. I was searching. I knew that something was amiss, but I couldnât put my finger on exactly what it was. Then one morning it all came together. As I took the long walk from the front door of my office to the mail box it hit me. I stood there on Main Street and looked west. As I did I recalled the earlier conversations with my colleagues about how proud they were for how long and hard they had worked.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.americantaxreliefonline.com/?kw=article

Wealth Building Tips from Drew

Wed, 26 Apr 2006 00:00:00 -0500

The big OOrganize! Get organized, period. Pathfinder advocates separate files for each expense: utilities, phone, electric, Internet, auto, etc. Each month, invoices (such as repairs or maintenance) go in those files. The invoices are then categorized by group and chronologically (ex. January car bills, February car bills, etc.). When 2007 comes around, copy the file names from last year and start a new file bin for the next year. You can then take this to your accountants office along with your tax diary and youre set. If you dont already have an electronic bookkeeping system such as Quicken, Quick Books or others, get one and use it immediately. I learned this lesson the hard way. When I was practicing law, my accountant had me list all of my expenses. It took me 40 to 50 hours to do. The following year I changed over to Quick Books, which condensed those countless hours to the push of one button. Lists off of Quick Books (or other like program) can easily be emailed directly to your accountant. Get out of dodge Its absolutely necessary to get away from business.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.americantaxreliefonline.com

Entity Structuring

Wed, 12 Apr 2006 00:00:00 -0500

Entity structuring is the use of limited partnerships, limited liabilities, and corporations. These can help you accomplish three things: 1. Bullet-proofing your assets so that the bad guys are worse of if they try and take them away from you. 2. Slashing your taxes so that they are within single digits. 3. Protecting your privacy and building lasting wealth. Let me explain how this works with the following example: A case study: My friend Patrick grew up with the family business. His family sold expensive boats. His business grew. He was a financially intelligent man so he wanted to add a stream of income. Therefore, he decided to start a Marina, a land storage facility, a parts shop and a show room. I wanted to make sure he was properly protected and that he had bullet-proofed his assets. However, he was too busy making money to focus on it at that time. This was his fatal flaw. One day, I got that dreaded call from Patrick. The sheriff deputy was there to shut down his businesses: the Marina, the parts shop, the storage facility, and the show room.** End Summary**

Smart Yearend Planning - Tax Deductions

Mon, 10 Apr 2006 00:00:00 -0500

There are three main areas we need to keep in mind as the year ends: 1. Taxes 2. Corporate formalities 3. Planning for next year Revisit the idea of converting your 10 largest expenses. This is an ongoing process that should be done at least twice the first year. Its not realistic to expect you will convert all of your biggest expenses the first time around because its too big of a taskthis is a habit needing to be developed over time. Our largest expenses, habits, and businesses all change over time. As your life evolves, so should your deductions, so keep current. Strategy: upstreaming income. The goal of upstreaming income is to shift income from this tax year to the next tax year. Whatever your operating account balance is on December 31 will get added, as of January 1, to your last years income. If you have a $50,000 balance, for example, going into the next year, thats taxable income. You therefore should upstream the money, making it no longer taxable for that year. This strategy is applicable if you have an S Corp, partnership, limited partnership or sole proprietorship.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.freetaxstrategies.com

Chew slowly and digest the rules

Fri, 07 Apr 2006 00:00:00 -0500

Its hard to understand all of the rules and fine print on all of our policies since we have limited time. But its imperative you take the time to become familiar with your coverage. Go through your mortgage, note, insurance, bank statements, employment contract, tax deductions, shareholders agreementat least once, then briefly once a year after that. You dont need to review all documents at once; take one every few days until youre done. Dont trust others to make the right wealth building decisions for you instead of taking responsibility yourself, a pitfall too common for too many people make. Youre responsible for your own finances. Responsibility is the freedom to respond. Case in point: One of my mentors is very well known and respected. He invested his entire retirement fund with an investor. The investor was featured in a publication and bragged a lot throughout the interview and raised some red flags. The FCC found out he was no longer successfully trading and had indeed lied to his family and the public about his companys trading history.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.irabusinesssystem.com/

The Two Biggest Thieves In Regards To Wealth Building

Thu, 06 Apr 2006 00:00:00 -0500

The two biggest wealth thieves a person will encounter are tax deductions and lawsuits. Taxes work against you by chipping away at your wealth. These include federal income taxes (deducting up to 39% of your income), state taxes (deducting up to 9.6%), and self employment or social security (over 15.5 %.). The average American is paying 42-55% in taxes. Ironically, the wealthiest people in the U.S. are paying only single digits taxes. Rest assured, because there is something you can do about this, and it wont cost you the $500/hr that these wealthy people are paying for tax tips from their specialists. Next, lawsuits are the other evil. This is not the slow reduction of your wealth as with taxes. It is the sudden confiscation of the money you worked hard to build. You can literally fall from the top of the totem pole to the bottom of the barrel overnight. I believe there are no winners in lawsuits because even winning a lawsuit takes up time and money that will set you back. Once again, you can protect yourself by learning how to structure yourself properly. You can "bullet-proof" your assets.** End Summary**

Take Waste Out Of Your Spending

Tue, 04 Apr 2006 00:00:00 -0500

Buyer Beware: The ability to save money has nothing to do with income. Take waste out of your spending and youll drive the haste out of your life. Continue to learn the rules, as theyre always changing. Learn the rules Were not taught the rules in schoolhigh school, college, law school. So we go through life in the dark, not understanding why its so hard to get ahead. Hard work and perseverance unfortunately arent enoughyou have to know the rules to become financially free. CAR The first time I bought a new car, Id just gotten out of law school. When I asked how much the car was, the salesperson asked how much I could pay each month, instead of telling me how much the car was. He never told me how much the car was, but I still bought it. This is not a smart way to buy a car. A few of unexpected life events and suddenly I was struggling to make the car payments. I bought it under their rules, not mine. MORTGAGE Prepayment penaltyMany mortgage companies want to entice you to keep the mortgage in place for the life of the loan.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.irabusinesssystem.com/

Tips to Avoid Identity Theft

Wed, 29 Mar 2006 00:00:00 -0600

What is rampant, spreading like wildfire and can kill life as you know it? No, not a deadly virus (but close). Answer: Identity theft. My stepson, Aaron, was a victim of identity theft recently. Someone stole his bank cards, deposited fake checks into his account, then withdrew cash. The deposited fraudulent checks and overdraft charges hurt his credit, and hes slowly recovering and rebuilding his score. Tips to avoid identity theft: 1. Buy a shredder. Aggressively protect your social security, credit card or bank numbers. 2. Use a lock-in mailbox. This isnt 100% safe, but its much safer than one without a lock. 3. Protect your out-going mail. Get it into the box or the hands of a postal clerk. Heavily trafficked offices often have out-going mail in the entryway. While this may save time, its not safe. 4. Keep receipts and compare to your statements when they come once a month. Banks make mistakes all the time. 5. Keep financial documents under lock and key (at the bank or in a home safe). 6. Dont give out your social security cardever. 7. Know whats in your wallet. Do you know how many credit cards are in your wallet? 8.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.americantaxreliefonline.com

Repairing Your Credit Report

Tue, 28 Mar 2006 00:00:00 -0600

Fixing your credit report and repairing your credit are two distinct processes and problems. If your credit is bad, you can implement some of the strategies below to fix a low score. Negotiate down the amount of debt (its easiest with private individuals). To do this, you must demonstrate the reason for falling behind. One of the tools you can use as leverage is offering something (not the full amount) rather than nothing. For example, explain why the lender should take $5,000 instead of $10,000. You can say Im calling five other creditors today. Im offering you $0.50 on the dollar and if you arent interested, Ill file for bankruptcy, in which case they wouldnt get a nickel). Negotiate a forbearance with credit card companies and clients with mortgages. If there was an illness, death of a breadwinner, divorce or some other legitimate reason incurring severe financial difficulty, you may have a case. Show them you had a good reason for falling behind, agree to stay current on the current payment and offer to pay X amount per month toward what you owe. You also can stick the amount owed on the back of the loan.** End Summary**

Fixing Your Credit Report

Thu, 23 Mar 2006 00:00:00 -0600

Fixing your credit report and repairing your credit are two distinct processes and problems. Below are practical ways to fix your credit report if its wrong. Look through a magnifying glass 1. Check the identifying information. Sometimes they make a simple mistake (wrong name or social security number). 2. Review the credit accounts. The report might be for an account that is simply not yours. It may include delinquencies in old accounts that were closed. You should report the debt of your spouse before youre married since it isnt your responsibility and you dont want it to affect your score. 3. Look through the list of inquiries. Any inquiries older than two years shouldnt come up on a credit report. Also, inquiries you didnt authorize, shouldnt be factored into your credit. 4. Collections and public records. Look for judgments and bankruptcies older than seven years; neither should impact or be on your score. You can improve your credit score after filing for bankruptcy and qualify for a loan as long as you can prove you made payments on time consistently for the last two years.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.irabusinesssystem.com/

A Love/Hate Relationship: How your credit score can open and slam doors for you

Tue, 21 Mar 2006 00:00:00 -0600

There are many ways to get ahead financially: attend seminars where you cut up your credit cards with hundreds of other people, participate in debt consolidation services that help you take out a home equity loan or refinance your home, or you can transfer debt on one credit card to another credit card with an introductory rate of 0% (which goes up to 12% six months down the road). The reason these methods dont work is because we dont concurrently cut our expenses while implementing these strategies. Even if were making more money, unless we cut expenses, we will continue to spend more money than we have and incur debt. Manage yourself and your money. Money is like food; we dont eat only when were hungry, and we certainly dont spend only when we need something. Beware: Debt forgiveness can hurt you. The company that forgives your debt can issue a 1099C, which means the forgiven amount gets added to your taxed income. When theres a will, theres another way: Your credit score (also called your FICO or Beacon score) will affect the interest rate youre able to secure. Credit scores range from 500 to 850.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.americantaxreliefonline.com

Action Plan: How to power down your debt NOW

Fri, 17 Mar 2006 00:00:00 -0600

It will take you on average between 25 to 30 years to pay off your credit card at the minimal amount. This will not do. Make a list of all of your credit cards (including all consumer debt such as doctor bills, furniture stores and your home). List the following in columns: the type of credit card, principle amount, regular payment amount, power down payment, interest rate, total number of payments left on the card, estimated payoff date. Put your list in order of how many payments are left from least to most. If you make a minimum payment of $55/month on one of your cards until it is paid off in full, you then have $55/month freed up to add to the minimum monthly payment for the next credit card. After you pay off the second card, the amount you were paying on that one can be applied toward the third card. By doing this, you will decrease the number of years required to pay off your credit cards from approximately 30 years to nine years. Using this strategy, think about the other ways you can free up money.** End Summary**

Pay yourself first

Tue, 14 Mar 2006 00:00:00 -0600

Schools do not teach thrift: college, high school, junior highour system doesnt place a high priority on frugality. And what a shame. We should put money aside regularly using a simple systempay yourself first. For example, when you pay your utility bill, pay yourself first. Ive talked to people who have mastered saving money who have become very wealthy. Many of them have had to make tough choicespay the phone bill or savings account? All of them chose to pay themselves first. They got on the phone with the phone company to buy time and negotiate a payment plan. Figure out a way, but pay yourself always. You must pay yourself first, or youll negotiate away your savings. You want to have at least six months of living expenses, liquid. Savings is money you set aside that you never spend. Ultimately, youll invest it, generate passive income and get out of the rat race.** End Summary**

About the Author:
During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. Drew Miles Find Out More: http://www.americantaxreliefonline.com

Do you have good posture?

Sun, 12 Mar 2006 00:00:00 -0600

When I started saving, I wasnt saving much. However, I developed an important habit. Whether youve wisely saved money or received a good tax return, dont go out and blow it on more stuff. You can have anything you want, you just cant have everything you want. A.F. Bannerman once shared wise advice worth mentioning here that Ive come to agree with and respect: Your savings affect the way you stand, the way you walk, the tone of your voice. In short, your physical well being and self confidence. A person without savings is always running. You must take the first job offer. You sit nervously on lifes chairs because any of lifes emergencies throws you into the hands of others. Without savings, a person is often fearful of the present and the future. Being in a state of constant fear is a horrible place to live. A person with savings can walk tall. You can appraise opportunities in a relaxed way, have time for judicious estimates and decisions. You need not be rushed by lifes problems or economic necessity.** End Summary**

About the Author:
B.S. with Honors Hofstra University Long Island, New York, 1984. I finished my four-year undergraduate program in 3 years and graduated Cum laude as well as a member of Phi Beta Kappa Fraternity. I majored in Political Science with a minor in Sociology and completed my first legal internship. Hofstra University School of Law, Long Island, New York, 1987. During my three years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Business: Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law. During that time, I had the privilege of working with thousands of clients in various aspects of their business and investing life. Find Out More: http://www.pfbs.com

Money is Emotional

Fri, 10 Mar 2006 00:00:00 -0600

Pathfinder operates on 10 principles originating from books Money Mastery by Alan Williams and Peter Jeppson and The Richest man of Babylon by George Clason as well as information Ive learned over the years. Principle No. 1: money is emotional. When we make and spend money, its an emotional event. When we get a raise, we celebrate. When we get laid off, our routine and activities are often derailed because of it. Most of our spending patterns are emotional. For example, we dont plan ahead of time to buy a car. Daily, were barraged with ads and commercials that tug at our emotions. Even if you deserve the new item and youve been working hard, you still bought the item emotionally. The point: If we can acknowledge money is emotional, we can then plan and master its power over us. Well never change the fact that money is emotional, but we can change our spending behavior. Student testimonials say tracking their spending helps them realize how much they actually spend.** End Summary**