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7 tax misunderstandings that could cost you

While we can never know everything, there are times when ignorance can cost you dearly -- and tax season is one of those times. Here are seven tax misunderstandings Americans should clear up immediately.<p>A pile of little papers on which are written words such as "tax return" "tax audit" "tax advice" …

Retirement

Muhammad Ali and What It Takes to Achieve Greatness

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>I can’t quit thinking about Muhammad Ali and the inspiration he was. He passed away earlier this month, and I want to share with you what he meant to me. He was an inspiration and it wasn’t because he was a boxer or fighter, but because …

Self-improvement

The Ultimate Resource for Entrepreneurs who want to increase their revenue, grow their brand and create a legacy of wealth.

“Can you make sense of this deal?” – Tim Clark Run the numbers: time savings, cost savings, new opportunities, new insight, increasing revenue, …

Profit

Why attitude is more important than IQ

When it comes to success, it's easy to think that people blessed with brains will inevitably leave the rest of us in the dust. But new research from Stanford University will change your mind (and your attitude).<p>Psychologist Carol Dweck has spent her entire career studying attitude and performance, …

Self-improvement

20 qualities that all great salespeople share

"Great salespeople are literally the engine of every economy in the world," says Grant Cardone, a sales expert and the author of "Sell or Be Sold: How to Get Your Way in Business and in Life"<i>.</i><p>So how does one become great? We caught up with Cardone, who shared the 20 qualities that he thinks set …

Self-improvement
Schadenfreude

Indexed Universal Life: It's Just a Great Investment

Indexed universal life isn't just great life insurance, it's a great investment, too.<p><i>Here's another installment in our effort to bring time-tested</i> …

How to use an IUL as tax-free retirement savings strategy

Who benefits most? The short answer: High earners who are frustrated with the inflexibility of their other tax-deferred accounts.<p>It’s a fact: Any …

What is the difference between Whole Life and Indexed Universal Life for Retirement

I get asked a lot about how Whole Life insurance differs from Indexed Universal Life insurance, particularly when it comes to retirement planning. In this presentation, I note the similarities between these forms of permanent insurance, the differences, and why you might use one instead of the …

IUL vs 401k - Which Is Better?

Rule Of 72 | Investopedia

What is the 'Rule Of 72'<p>The rule of 72 is a shortcut to estimate the number of years required to double your money at a given annual rate of return. …

Here's Why The 'Rule Of 72' Is Such A Great Math Hack

That trick is the rule of 72: Take your interest rate, and divide it into 72.<p>For example: If you expect a 6% average annual return, the doubling time will be 72/6 = 12 years.<p>That's much easier than trying to reverse engineer some complicated compound interest formula.<p>The reason this works comes …

Mathematics

Doubling your money: The 'rule of 72'

How long does it take to double your money? You likely can have twice as much wealth in 10 years, if you invest it in stocks, or 72 years if it goes into a savings account. It pays to understand the math.<p>Everyone says you should invest because you'll grow your money, but let's back up a second and …

Retirement

Life insurance or 529 for college savings?

Where you store your child’s college savings could impact his or her ability to attend college almost as much as grades and standardized test scores. …

If You Still Don’t Believe In The Power Of Compound Interest, You Have To See This

Student loan debt. Lousy job prospects for recent grads. Wage stagnation. High costs of living.Do you ever feel like — when it comes to getting ahead …

Retirement

FFIUL Insurance Plan

Last time we discussed the 529 plan and the secrets behind it. Now lets look at the FFIUL plan and what it looks like. First of all lets please …

Protecting my Family

529 Plan vs. IUL Child Savings Plan<p>Many parents have heard of 529 plans in their state and believe that it is the best savings option for their …

Why It's Time to Retire the 401(k)

Robert Shively, 68, worked in a chemical plant for 36 years, but that didn't earn him an easy retirement.<p>Retiree Robert Shively spends his days on …

Retirement

(Legally) Cutting Out the Tax Man in Retirement

The life insurance industry has the best IRS-approved retirement savings plan today—and most investors know nothing about it. This retirement savings vehicle is not a company-sponsored, pre-tax qualified, 401(k)-type plan. It’s also not a Roth. It’s not an annuity or whole life. Despite sales of …

Aztec Sacrifice

The Aztec civilization which flourished in Mesoamerica between 1345 and 1521 CE has gained an infamous reputation for bloodthirsty human sacrifice …

Stock Trading Was Expensive And Ugly. Robinhood’s App Makes It Free And Pretty

Robinhood steals stock trading from rich guys in suits and gives it to normal people who couldn’t afford to pay $7 per transaction. The zero-fee stock trading app is bonafide hit. Less than a year after launch it has hundreds of thousands of users, over $1 billion in transactions, $66 million in …

Stock Markets

A self-made millionaire says a single choice could be part of the reason you aren't getting rich

T. Harv Eker — who not only studied incredibly wealthy people, but worked his way up from nothing to millionaire status — noticed a crippling choice that the average person makes over and over again: "<b>Most people choose to play small</b>," Eker writes in his book "Secrets of the Millionaire Mind."<p>He …

Self-improvement

A self-made millionaire who studied 1,200 wealthy people found they view money differently than the rest of us

"Your background, highest level of education, or IQ is irrelevant when it comes to earning money," writes Steve Siebold, a self-made millionaire and the author of "How Rich People Think."<p>After turning around his own personal financial situation and studying more than 1,200 of the world's wealthiest …

Self-improvement

19 Ways Rich People Think Differently Than The Average Person

It's how they <i>think</i>.<p>Siebold spent nearly three decades interviewing millionaires around the world, and boiled his findings down in "How Rich People Think," a book he describes as "so brutally honest it will shock some and inspire others."<p>In it, he touches on everything from beliefs about the root of …

Self-improvement

The Spanish Town Where People Come Before Profit

Workers from the nearby town of Ecija worked at the farming cooperative in Marinaleda, Spain - a Communist enclave of 2,700 people in April 2009. The …

Want rich, crumbly compost the easy way? Become a worm listener

John Walker’s method is so foolproof, even the squeamish will succeed. Follow these tips and wriggly workers will do the rest<p>If you can’t make some crumbly, dark brown garden compost my way, then all hope is lost. It’s guaranteed to tempt even the most devout compostophobes, compost-making virgins, …

Pushup Circuit for Strong Shoulders

The circuit works like this: Do each exercise—the pushup, the side pushup to your right, and the side pushup to your left—for 30 seconds, and then move on to the next one. Rest 15 seconds between each exercise. That's one round. Rest one minute, and repeat.<p>"You'll not only ignite muscle growth and …