Frank Kilgore: Ideas & Business Marketing

Think about it. I certainly did when I read the following in the Birmingham News this morning:

“Taxes Expected To Rise with National Debt, Aging”

- If you’re grumbling. about the size of your tax bill this year, brace yourself. Many financial advisers predict that tax rates are going to rise to cover the escalating. burden of an aging population and the federal debt. By KATHERINE REYNOLDS LEWIS Newhouse News Service WASHINGTON

This was the headline and the article’s lead-in first paragraph. Obviously, it is an attention getter. Some additional eye-openers in Ms. Lewis’ article include:

“Each American’s share of the federal government’s unfunded obligations amounts to $175,000 - comparable to a home mortgage with no collateral, said Stuart Butler, a vice president at the Heritage Foundation.”

“To cover the gap between expected revenue and the cost of Medicare, Medicaid and Social Security benefits through 2Q50, income tax rates would have to almost double, according to a July 2007 analysis by the Congressional Budget Office.”

“Of course, the government probably would reduce promised benefits and increase payroll taxes rather than solely boosting the income tax. Still, it seems likely many Americans eventually will refer to the current income tax structure as “the good old days.” And who exactly : would pay higher taxes?”

Ms. Lewis later suggested a partial solution…

“Take a long-term approach and save aggressively.” She clarified that by referencing…

“People need to set aside as much as they, can,” said Tom Papanikolaou, chief operating officer of Pension Builders and Consultants in Cleveland.

Yes, taking a long-term approach and saving aggressively makes sense. The issue is that most of us don’t have extra funds to set aside to pay our normal daily expenses, much less, pay a burdening tax bill. Duhhh….

So, now what? To me, the answer is as simple as going to your nearest mirror and looking into it. There you see the answer…it is YOU. You are the answer to taking a long-term approach and saving aggressively. The mirror shows you the solution each and every day!

Of course, the mirror cannot hand over financial well-being, however, it does show you where to find the solution. The solution is between your ears! It is your skills, your experience(s), your hobbies, your knowledge, your ideas that you possess. All you need to do is to share those possessions with others and your financial concerns will end, ..and a new future will begin.

Take control of YOU!

http://www.MakeMoneyWithWhatYouKnow.com has a free report that you might find useful to begin learning how you can take control.

Frank Kilgore

Are You Going To Turn Your Ideas Into An Income?

I got to thinking about this after having read an article in this past weekend’s Parade Magazine (www.parade.com). The article was titled What I Did With My First Million by Cindy Adams. It dealt with a group of celebrities and what they did with their 1st million dollars. All of them seemed to go out and buy something a little extravagant (except maybe Matt Lauer who was concerned about ‘job security’)*, but within their new means.

* Can you relate with this?. Go to www.RetiredBeforeYourTime.com

Anyway, this article got me thinking about what I would do with a major jump in my annual income to those levels. In my case, the first major thing that I would do (after taking my wife out on a much deserved, long overdue vacation trip) would be to “pay off most of my credit card debts down to near $0.00″. I would do this as most credit card debt (or other revolving debt) is the biggest drain on most everyone’s everyday financial well-being.

Getting rid of this money dump is a direct pay increase to you. Paying off the debt will free up your mind, free up your emotions, and will change your entire perspective of life. Just think about it for a moment.

If you did not have any income draining debts, how much money would you have to do the things you have always dreamed about?

Would that amount of money be an extra $2,000/month?, Maybe $3,000?, or maybe $4,000 per month? (Wow! That’s $48,000 per year.)

Wouldn’t it be great to have this kind of additional income coming into your household?

Getting Rid of Credit Card Debt is one of the first things you should do with new income!

You’re probably saying, “Oh, this sounds great, but how do you get the money to pay off the debts?”
I think the best way is to use your ideas, skills, experiences and knowledge to create a supplemental income. Yes, that includes YOU!

Go find out for yourself, go and visit www.MakeMoneyWithWhatYouKnow.com and get your free report that outlines why everyone is an expert at something. Go now and Get Rid of Credit Card Debt!

www.MakeMoneyWithWhatYouKnow.com

To Your Success and Your First $ Million!
Frank Kilgore

What Would You Do? Feel free to comment.