Internet Business Not Waiting For Government’s Proposed “Small Business Lending Fund"
Friday, 05 February 2010 12:42
Phoebe Chongchua
“One of the issues is should we be spending 30 billion on small business investment when there’s this big deficit that we need to address and that certainly concerns me,” says Internet small business CEO, Elizabeth Pitt. She’s not alone. The cries to stop the government spending are being heard everywhere. In the President’s State of the Union address, he outlined his solutions to help Main Street. However, it could be just another band aid. One part of the solution diverts funds from the large bank repaid TARP money to more banks…this time, banks that have less than $10 billion in assets with the hope that they’ll lend the money to small businesses. But one self-employed businesswoman isn’t waiting for a handout… instead, Pitt is already taking in cash flow from her company. Watch this video to see how this entrepreneur successfully chose an online niche market and learn how small businesses can save America.
Adobe Flash Player not installed or older than 9.0.115!
Entrepreneurs Pursue Business Start-Ups Even In Bad Times
Tuesday, 26 January 2010 19:38
Phoebe Chongchua
Poor economic times are not dampening the desire for entrepreneurs to start their own business. A study recently showed that there's little change in the number of U.S. business start-ups in good or bad times. With more people out of work, many are deciding to start their own company, instead of seek employment. They're following their passion and ideas to create their own wealth and, when they run into obstacles, they're finding creative ways to finance their business. With traditional funding sources drying up, watch the video to find out how one successful entrepreneur, who launched his company during the recession, received funding and used his own retirement account, Solo 401(k), to help him through difficult times. In just one year his business is booming.
Adobe Flash Player not installed or older than 9.0.115!
Learn more about how the Solo 401(k) can help your business at Nabers Group.
Stop the Silent Erosion of Your Investments and Savings...
What if everything you’ve been told about personal finance leads you to working harder for longer and for less? Conventional wisdom says to spend less than you earn and dump the rest into the stock market or a savings account. If you follow this plan, you won’t know that you’ve been stolen from until it’s too late. Even a rising stock market steals from its investors. 5 STEPS TO FREEDOM offers a way out.
Jeff Nabers and Phoebe Chongchua reveal illusions that create an invisible bondage that stands in our way of being able to keep what we have and live the life we want. One illusion comes from measuring all things in dollars. Consumer price inflation is a hot topic and 5 STEPS TO FREEDOM gets to the root of the matter: the dollar is an inconstant unit of measurement. Nabers and Chongchua warn, “Each time you look at any dollar-based bank statement, portfolio statement, or any chart or graph and assign meaning to it, you are being misled. You can’t win a game if you can’t see the real score board.” A more effective way of measuring value and avoiding unpleasant surprises is detailed in this groundbreaking blueprint for freedom.
Putting a stop to the silent erosion of your investments and savings is crucial. If you are looking to go a step further and regain your losses, 5 STEPS TO FREEDOM can be customized for rapid wealth growth. Over a dozen real-life case studies are examined to show the patterns of success and failure. Reclaiming individual freedom is integral to the larger struggle for freedom amidst an expanding government and the elitist favoritism practiced between politicians and their corporate friends. This book is your weapon to escape financial slavery and parlay your personal freedom into making our country great again.
Last Updated ( Wednesday, 02 September 2009 17:46 )
Increase Your Business Free Hot Tips
Tuesday, 02 June 2009 10:00
Phoebe Chongchua
Watch this video and start growing your business using the media and social marketing. You'll learn 5 free strategies you can do right now to grow your business. PLUS, three big mistakes companies make to hurt their bottom line. AND how to attract media attention for your company.
"Every company needs its own Voice in today's marketplace. To survive you have to take your company into the spotlight--Videos, Books, Twitter, Blogs, TV, Radio, Seminars, Webinars... Spotlighting your company has never been so much fun and so POWERFUL." Ask me how. Enter the Username and Password that you were provided in your LFM registered email to access the video.
If you haven't received your registration email, contact:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
If you haven't registered yet, do it now, click here.
How a Solo 401(k) Can Help You Grow Your Own Wealth
Thursday, 19 March 2009 23:41
Phoebe Chongchua
The Solo 401(k) is perhaps one of the greatest financial tools for investing in your future. It's a self-administered, self-trusteed, self-directed Solo 401(k) that gives you the ultimate in flexibility and possibilities. If you're self-employed this may be a good option for you. Here's why.
What is it?
It's a qualified retirement plan for people who run their own business that has no employees. It allows you to invest in anything allowed by law including real estate, mortgage notes, private businesses, precious metals, and more.
The Solo 401(k), if you’re eligible, can be a better vehicle to use for investing in real estate than a traditional IRA (yes, you can use IRAs to invest in real estate too).
The Solo 401(k) can borrow funds to purchase real estate with a non-recourse promissory note. This means the lending institution can use only the property that secures the note as collateral.
You can build a tax-free Roth account inside the Solo 401(k).
You can use the Solo 401(k) to invest in things such as: raw land, pre-construction property, residential property, multi-family units, commercial property, apartment buildings, and condominiums.
You may not use your Solo 401(k) to purchase your primary residence. You also cannot purchase property that will be used by you, the accountholder. But you can invest in income-producing property and grow your wealth.
Your Solo 401(k) can partner with other people’s Solo 401(k) or IRA to co-invest.
When the Solo 401(k) buys real estate, the title must be held in the name of the Solo 401(k).
Rental money from the property that’s been purchased by the Solo 401(k) must go back into the same account.
It’s vital to understand what will constitute a Prohibited Transaction (PT). You can learn more at www.UnlimitedInvesting.com.
You can transfer anything that can be transferred into an IRA into a Solo 401(k) and there are no limitations on transfer amounts.
Yes, you can be employed and still use a Solo 401(k) as long as you are also self-employed in addition to your other employment. Seek advice from your accountant about whether you have business activity that can be considered self-employment earned-income.
Maximum contribution limits for 2009 are as follows: $49,000 per year. For those over the age of 50, you can use the additional “catch up” contribution of up to $5,500 per year. And if your spouse earns income from your company, he/she can also contribute $49,000 per year as a participant—that’s in addition to your contributions. (Sure beats IRA contribution limits of $5,000 or $6,000 for those over age 50!).
You can contribute annually $16,500 (or $22,000 if over age 50) of the $49,000 annual contribution limit to your Roth account (these funds are not taxed when later distributed). Learn more from the IRS Publication 560.
Unlike with an IRA, Unrelated Business Income Tax (UBIT) does not apply to earnings from leveraged real estate investments.
Depending on where you set up your Solo 401(k) you may have limitations. Check out www.Nabers.com. This company offers maximum benefits with its plan documents so that account holders’ available investment choices are not limited.
You are the plan participant and the trustee of the Solo 401(k). However, many retirement account administrators don’t offer this in their plan documents. Make sure you ask questions. This will help keep plan administration fees low as well as ensure that you don’t run into unnecessary restrictions.
Good record keeping is a must. Keep Roth funds in a separate bank or brokerage account. You will need to file a 5500-EZ form that reports the value of your plan assets. Your tax accountant can help with this.
Administrative fees for the Solo 401(k) vary; so shop around.
Make sure you have checkbook control. Having checkbook control helps ensure that you can invest in all legally allowable investments as well as avoid unnecessary transaction fees on things such as foreign investments. Plus, having checkbook control gives you the ability to take action immediately when an investment opportunity comes up. Because 401(k) plans do not require a custodian, an LLC creation is not necessary in order to enjoy checkbook control.
You can borrow up to 50 percent of your account value or $50,000 (whichever is less) from your Solo 401(k) for anything. You’ll pay interest of 1 percent over prime rate, but it all goes to your own retirement account instead of a bank.
No Video? You're hurting your Website and your business. If a picture is worth a thousand words... a video feature news story about your company is priceless! LFM produces video feature news-style stories. Click here to learn how to get yours produced today. Call (858) 259-3646 or click here to request a free consultation.
Click to Receive Newsletter
Featured Story
Adobe Flash Player not installed or older than 9.0.115!
Click Here to learn how to be featured in a video story on LFM
Information for Entrepreneurs and Businesses
Poor economic times are not dampening the desire for entrepreneurs to start their own business. A study recently showed that there's little change in the number of U.S. business start-ups in good or bad times. With more people out of work, many are deciding to start their own company, instead of seek employment. They're following their passion and ideas to create their own wealth and, when they run into obstacles, they're finding creative ways to finance their business. With traditional funding sources drying up, watch the video to find out how one successful entrepreneur, who launched his company during the recession, received funding and used his own retirement account, Solo 401(k), to help him through difficult times. In just one year his business is booming.
Stop the Silent Erosion of Your Investments and Savings...
No Video? You're hurting your Website and your business. If a picture is worth a thousand words... a video feature news story about your company is priceless! LFM produces video feature news-style stories. 
