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Many people are drowning in debt. They must deal with this debt issue in order to move forward in quest to find financial freedom or to be able to have the choice of working or not. Consumer debt including mortgages, auto loans, credit cards & student loans has increased to over $13.51 trillion dollars in the US. You have to make tough decisions about your spending and possibly your income. The most important step is to take action vs hoping your debt will go away. Taking action will forward to financial freedom and avoid you having to experience the pain of hitting rock bottom. You may have to file bankruptcy in order to have the chance at financial freedom. In order to avoid bankruptcy, you must control your spending.

With stocks hovering around an all-time record high, a growing likelihood of a Federal income tax rate hike by 2021, and the deadline for end-of-year tax tactics closing in fast, this is a timely reminder to run a reality check on your retirement income plan. An unusual confluence of tax, financial-market and political factors make this a particularly good time for high-income and high net worth individuals to check their retirement income plan. Let’s get specific about current conditions: In 2019, the federal government is spending a trillion dollars more than it collected in revenue, and at the end of 2018, the national debt totaled $22 trillion Meanwhile, changing political winds could sweep in higher federal tax rates. Managing your tax bracket now — in case of a hike in federal income tax brackets — could lower your tax bill, not just for 2019 but in the year or two ahead, as well. Proactive tax planning before the end of 2019 may be especially timely for business owners with an interest in a pass-through entity, like an LLC, S corp, or sole proprietorship.

By any measure, we spend about half of our time thinking about something other than what we’re supposed to be doing. At work, this can be especially lethal to our projects and, along with them, our job satisfaction and success. Yet few people understand the degree to which routine diversions impact our performance. In fact, how many of us consider interruptions and distractions as just part of the job? But they aren’t, nor should they be, particularly when our precious projects are on the line. To start, let’s differentiate between interruptions, or externally driven diversions, and distractions, or internally driven diversions. Of the two, interruptions tend to be harder to deal with because they usually involve other living beings — say, a meddling micromanager, a chatty coworker, or even a playful pup. But distractions, particularly in the digital age, can be just as difficult. Who among us hasn’t allowed a ‘quick’ Facebook or email check devolve into 45 minutes we’ll never get back? Though minimizing distractions and interruptions may require different solutions, the solutions themselves share a common thread: They require recognizing the ‘entry point’ and then uncovering how to counter it. By focusing on entry points, we can actually prevent distractions and interruptions rather than just react to them. After all, once we’re diverted, we lose valuable momentum and oftentimes the will to recover it. So, whether interruptions or diversions, here are nine ways to deal with project diversions — and do your best work.

Family businesses are fraught with conflict, tension and a distinct lack of sophistication. Still some of the most successful companies in the world are family-owned and have succeeded through multiple generations. Now current sociopolitical and economic forces are threatening the very survival of family businesses. It has been cited by numerous credible sources that only 40% of family owned businesses are now surviving to the second generation, 12% to the third, and 3% to the fourth and these statistics are rapidly diminishing. But there are several things that have kept family businesses as one of the strongest sectors of the economy. It is their fortitude, resilience and indomitable will. The secret to saving the fate of family businesses lies in the behavior of the family business leaders. The overriding tenant of this book is that, “behavior precede performance.” If we can positively influence the behavior of family members they will perform at a higher level. They will win more cooperation from others, achieve higher goals and produce more fruitful outcomes. This book examines how impacting behavior dramatically improves performance and can sustain the entire enterprise for generations.

Tons of government, trade association, and private company sponsored data and research about the economy are released every day. We summarize what you need to know to invest intelligently for the long run in this series of videos every week. Much of the economic research is from independent economist Fritz Meyer. Fritz was the senior investment strategist at one of the world’s largest investment companies for over a decade. In 2009, he went independent — so he has no ties to any financial products, no conflicts of interest in analyzing financial economics.