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Posts from 'Creating Cash Flow' tagged with: 'wealth'

Resolve to be Mr. or Mrs. January

Wednesday, December 15 2010 at 04:06AM

As we prepare for the New Year, resolutions come to mind, filled with new goals and excitement! I challenge you to consider one resolution for the New Year that will greatly benefit you and your family not only today, but tomorrow……. "Be a Mr. or Mrs. January and not a Mr. or Mrs. December"

What does this mean?

When it comes time to contribute money to your IRA that you will use to purchase real estate or other assets with your Self-Directed IRA,  there is no better time to contribute to your IRA than in January.

Let’s use this example:

Mrs. January makes a 2011 IRA contribution of $5000 in January. She expects to earn a 15% return each year.  Whereas, Mr. December makes that same $5000 contribution but waits till December (12 months later) because in his mind, tax free investing is important but not as important as other things that have to be done during the year. He too earns 15% on his investments.

 Now, consider this.... By the mere fact that Mrs. January earns 15% for 12 months, she earns more interest every year.

Mr. December also earns 15% on his capital...... but only for 1 month that year.

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The result:  After 10 years, Mrs. January’s IRA is worth $14,000 more than Mr. December's because she contributed early and earned more interest every year!!   Pretty powerful!

In 2011 and every year after this, remember, action today creates wealth tomorrow!

Are you a Mrs. January or a Mr. December?

Kevin Kaczmarek is the founder of Capital Blueprints, LLC an IRA education and investment company in Carmel, IN. Recognized as an innovative thinker, teacher and business leader Kevin helps others achieve their financial goals with Self Directed IRA Investments, and Passive Income Strategies. Kevin can be reached at [email protected] or 317-564-4820

Sharing my Life Goal with Biggerpockets

Wednesday, October 13 2010 at 12:07PM

I read a post earlier today about a member asking if it was possible to create a Billion dollars of wealth in a lifetime. There were varying points of debate both for and against the idea and it peaked my interest because of a lifelong goal I have.

I firmly believe if you set a specific goal, live it everyday, breathe it every moment, and track it, tweak it, improve upon it, you can achieve it.

Therefore I wanted to share my "Lifetime Achievement in Business" goal to everyone.

I want to create $1,000,000,000.00 in wealth for others in my lifetime

I have already achieved several million of that thus far and I have a long way to go, but as someone very wise once told me "If you speak it, you bring life to it, and it can grow" and that is why I wanted to share this goal with everyone.

What is your lifetime goal? How are you progressing on it? I would love to hear your story of inspiration.

 

Kevin Kaczmarek is the founder of Capital Blueprints, LLC an IRA education and investment company in Carmel, IN. Recognized as an innovative thinker, teacher and business leader Kevin helps others achieve their financial goals with Self Directed IRA Investments, and Passive Income Strategies. Kevin can be reached at [email protected] or 317-564-4820