GF¢ 025: Top 6 Mistakes That Will Screw Up Your Retirement


No one likes to get screwed.

It’s not a fun feeling and personally it irritates the crap out of me.

But what happens when you screw yourself? That’s definitely not cool!

I’ve been a financial advisor for over 12 years now and I’ve seen plenty of people screw themselves out of a successful retirement.

screw up retirement

The most frustrating aspect on my end is that many of it could have been avoided if the person took a little bit of time to review their situation.

Fact: More people spend time planning their family vacation than they do preparing for retirement.

Don’t be one of these people.

Here are the top 6 mistakes that I’ve seen people do to screw up their retirement.

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IRS Gifting Rules for 2014

Gifting Limits 2012The holiday season is already behind us but that doesn’t mean you still can’t give the perfect gift.

In the financial world, the term gift has a whole new meaning as it pertains to estate planning. Many investors look to “gift” a portion of their estate to prevent having to pay a hefty estate tax down the road.

If you want the bottom line about the gifting tax here it is: If you make gifts to friends or family that is large enough, there is the possibility that you may owe the federal government some tax money.

Of course, you probably want more information about the current regulations of the federal gift tax. Keep reading and I’ll share a few of the major points for 2014 and beyond. Sorry if this isn’t as exciting as the Nutcracker.
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Changes to the Child Tax Credit for 2014

If you’re like me, you like to get every tax credit that you can.

Why not, right?

It’s like buying something that you know you are going to have to buy, and having a coupon for it.

It would be silly not to use it.

IMG - Changes to the child tax credit

The only problem with tax credits is that it’s hard to keep track of them all. One such credit is the Child Tax Credit. Here are the rules behind the tax credit of 2014; see if you qualify.

Who Can Claim the Child Tax Credit?

Families who earn under $130,000 a year and have one or more dependent children under the age of 17 may take advantage of the Child Care Tax Credit on their tax return.

Do You Qualify for this Credit?

There are, of course, several further conditions that must be examined in order to be certain that you qualify for all or some of the Child Tax Credit. They are as follows: [Read more...]

GF¢ 024: How to Buy Back More of Your Time With Outsourcing


Chris Ducker is the outsourcing king.

He runs an outsourcing company that helps small business owners grow their business, and has also automated his own business to “buy back” more of his time, so he can spend it doing what he loves.

In short, Chris Ducker is my hero. :-)

how to outsource


  • Chris Ducker moved to the Philippines, set up a successful business as an outsourced call center.
  • After deciding to blog about the process of becoming a virtual CEO, a comment on one of his posts gave him the idea to create , to help people find quality virtual assistants.
  • Chris went from working 14 hours/day, 6 days/week to 6 hours/day, 4 days/week. He always has a three-day weekend, and lots of time to spend with his wife and kids.
  • Operation #investNOW – Chris’s best investment was building up his personal brand.

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50 Experts Share Their First Investment Ever

“You don’t have to be great to start, but you have to start to be great.” ~ Zig Ziglar

To be good at anything, you have to first get started.  This applies to investing as well.

Before I made my first investment, I knew nothing about investing.   Heck, I really couldn’t even explain what a mutual fund was.

I shared this in GF¢ podcast Ep. 21 which reveals how clueless I was when it came to investing.

The biggest takeaway, though, is that I wouldn’t be where I am today with my investments had I not bitten the bullet and taken that first plunge.

In this roundup post, 50 investing experts share how they got started.

If you’re still on the fence on where to start, there are plenty of stories to nudge you in the right direction.  Be sure to join me in Operation: #investNOW and take the pledge to start investing in yourself.

first investments roundup
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GF¢ 023: How Do Financial Advisors {REALLY} Get Paid


What’s the #1 Question You Should Ask a Financial Advisor before You Hire Them?

Hint: It has everything to do about money.

In particular – your money.

financial advisors get paid
In this podcast, I address the #1 question you should ask your financial advisor before you agree to hire them.

I then dive into the different ways that advisors get paid including how I get paid.

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When Are Your 2013 Taxes Due? Tax Filing Deadline in 2014

When are taxes due 2012If you are like 40% of the population, you will file your tax return as soon as you possibly can in order to

A) get it over with and/or
B) receive your refund more quickly.

More than thirty-eight million taxpayers in the United States file by the end of February.

However, if you are one of those lifelong procrastinators who always waits until the last minute… This is not your year!

When are taxes due for 2014? Like last year, Tax Day falls on the usual 15th day of April, so this year your 2013 tax return is due Tuesday, April 15th, 2014.

In previous years (and to come in future years) you can sometimes get a few days extension due to a combination of interesting circumstances. In the United States, the tax deadline can never fall on a Saturday or Sunday. If April 15th lands on a weekend, taxes will not be due until the following Monday. Tax Day can also not be on a federal holiday.

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GF¢ 022: How to REALLY Invest In Yourself with Liz Dialto


I love hearing stories of people that are willing to take risks to follow their dream.

Especially when they make it.   That’s when the goosebumps kick in!

Liz Dialto is a dreamer, an action taker, and risk taker extraordinaire.

My wife and I interviewed Liz for our other podcast on our blog (yes, I have more blogs and podcasts :) ), because she’s has built an amazing online business centered around what she loves:  fitness.

Why I wanted to also reshare her story on the GF¢ podcast because I thought it also fit perfectly in what I’m doing with Operation: #investNOW.

When you find out what Liz did to invest into yourself and her business, you’ll totally understand why.

Liz Dialto

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5 Financial Lessons I Learned from CrossFit

This post come to you from Ryan Michler from Turns out Ryan is just as obsessed with Crossfit as I am.  I’ve been doing Crossfit since 2005 when I was deployed to Iraq and absolutely love it.

It has helped improve my overall fitness and also carried over positive influence into other areas of my life.  When Ryan offered to share how Crossfit has improved his fitness as well as teach him important financial lessons, I couldn’t wait to share it on the blog.

Enter Ryan…..

financial lessons I learned from crossfit

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